Portland-State-University 2018-2019 Bulletin

M.R.E.D.

The Master of Real Estate Development (MRED) is a professional degree, training students in the areas of real estate development within the context provided by principles of sustainability, social equity, and community-based development. By its nature, real estate education is multi-disciplinary, involving finance, urban planning, architecture, law, engineering, design, appraisal, and other disciplines. To deliver this education, the MRED degree is a joint degree of the School of Business Administration and the Toulan School of Urban Studies and Planning.

The objective for this program is to provide a unique and exceptional graduate degree that will enable students to assist in the development and management of property with an understanding of the role that such development plays in the context of broader community concerns and history, and in the context of the surrounding neighborhood and city. Students will work closely with high-level industry professionals in their classes and workshops.

The MRED degree is designed to accommodate students with a wide variety of undergraduate degrees and is best suited for students who have gained at least two years of industry experience prior to their admission date. The program is designed to be completed in two years on a part-time basis or one year on a full-time basis. Students will develop their skills in three areas: sustainable urban development, finance and policy, and project development, leading to the Real Estate Development Workshop culminating experience. Students are admitted for fall term only.

Curriculum Requirements

Sustainable Urban Development

USP 527Downtown Revitalization

3

USP 569Sustainable Cities and Regions

4

USP 596Affordable Housing Finance

3

USP 612Community, Planning, and Ethics

4

Finance and Policy

RE 521Real Estate Finance I

4

RE 522Real Estate Finance II

4

RE 573/USP 573Housing Economics

4

RE 538S/USP 538Real Estate Law I

3

Project Development

USP 523Real Estate Development I

4

USP 546Real Estate Development II

4

USP 624Development Project Design

3

RE 531Executive Perspectives on Real Estate

1

RE 562Real Estate Development Workshop

4

Electives

10

Total Credit Hours: 55

Real Estate Development Workshop

The culminating experience of the MRED is RE 562 Real Estate Development Workshop. Students in that class form a team that produces a development proposal for a multi-block site in a major city, advised by local industry professionals. Each team will produce a professional report and present their findings before an audience of real estate professionals.