Real Estate

2014-15 Tuition

$47,050

Application deadlines

Fall: Jan. 15 priority deadline for financial aid; March 1, regular deadline; June 1, special/transfer deadline; no spring admission

Requirements summary

  • all Graduate School Requirements, including the TOEFL Exam for Non-Native English Applicants
  • two letters of recommendation
  • GMAT scores
  • resume

Degrees

  • M.P.S./R.E.

Subjects

  • Real Estate (M.P.S./R.E.)

Major concentrations

  • real estate

The two-year Master of Professional Studies in Real Estate (M.P.S./R.E.) degree program is an interdisciplinary program that combines courses from nearly every college at Cornell. The degree is designed for aspiring real estate professionals who are in the early stages of their careers.

The Field of Real Estate is a committee of faculty members selected from several different colleges that is directly involved in and responsible for the design, delivery, and administration of the real estate curriculum. The professional study of real estate is concerned with the finance, exchange, development, management, marketing, and many other aspects of the real estate business. Real estate professionals in the field bring an understanding of the long-range economic, social, political, ethical, legal, and environmental implications of decisions about real estate.

The sixty-two credits of course work needed to earn the degree provide a comprehensive and lasting foundation for a professional career in real estate. Students take core courses in principles of real estate, the real estate development process, real estate finance and investments, managerial finance, residential development, real estate law, construction planning and operations, design in real estate development and real estate marketing and management, along with a weekly industry seminar. Elective courses are taken in a chosen area of concentration, and there is a leadership and management distribution requirement. Many concentration options are possible and may be structured from the hundreds of related courses taught at Cornell University (e.g., development, finance, investments, real estate consulting, sustainable development, property and asset management, real estate marketing and market analysis, or international real estate concentrations). Students complete real-world, semester-long project workshops during their second and final semesters.

Application:
Applicants must have earned a bachelor's degree with a good academic record. Applicants are required to submit scores on the Graduate Management Admission Test (GMAT) as well as a resume and two letters of recommendation from those familiar with the applicant's academic and professional work. Applications are reviewed on a rolling basis once submitted and completed.

Franklin Becker -- Concentrations: real estate; Research interests: corporate real estate; facility planning and management
Antonio Bento -- Concentrations: real estate; Research interests:
Richard Booth -- Concentrations: real estate; Research interests: land-use law; environmental planning; environmental politics; environmental law; critical-area preservation; administrative law
Walter Boudry -- Concentrations: real estate; Research interests: real estate finance
Paul Carr -- Concentrations: real estate; Research interests: construction operations and planning
John Corgel -- Concentrations: real estate; Research interests:
Jan de Roos -- Concentrations: real estate; Research interests: real estate finance; facility management
Kieran Donaghy -- Concentrations: real estate; Research interests:
David Funk -- Concentrations: real estate; Research interests: university administration; real estate transactions; property management; use of real estate gifts in fundraising
Kenneth Hover -- Concentrations: real estate; Research interests: construction planning and operation
Ying Hua -- Concentrations: real estate; Research interests:
Adam Klausner -- Concentrations: real estate; Research interests: real estate law
Crocker Liu -- Concentrations: real estate; Research interests: real estate finance and economics
Peng (Peter) Liu -- Concentrations: real estate; Research interests: financial engineering; mortgage finance; REITs
Vincent Mulcahy -- Concentrations: real estate; Research interests: architectural design; urban design
Daniel Quan -- Concentrations: real estate; Research interests: mortgage and asset-backed securities; real estate finance
Henry Richardson -- Concentrations: real estate; Research interests: architectural and urban design; housing in developing countries; international development
Michael Tomlan -- Concentrations: real estate; Research interests: tax incentives for rehabilitation; transfer of development rights
Peter Trowbridge -- Concentrations: real estate; Research interests: landscape architecture and environmental management

Graduate School Professors (emeritus)

C Olson -- Concentrations: real estate; Research interests: real estate development process; residential development

 

Objectives

The Program in Real Estate offers a professional masters degree program comprised of a broad core real estate curriculum, the selection of a concentration in a specialized, niche area of focus, and a leadership and management requirement.   Students experience both theory and application relevant to the real estate industry by a faculty comprised of Cornell professors and practitioners drawn from leading real estate firms throughout the U.S.  

Learn more about the the Program in Real Estate learning goals, objectives, and related assessment measures.