Overview
The University of Miami’s (UM) Master of Real Estate Development + Urbanism (MRED+U) program is an immersive one-year graduate program that combines coursework in real estate development, finance, market analysis, construction, architecture, urban design, law and entrepreneurship. The knowledge and skill required to acquire, program, design, construct, reposition and manage real estate is complex. The MRED+U program prepares students for exciting and meaningful careers that embrace this complexity through the most interdisciplinary curriculum of its kind—one that blends the fundamentals of real estate development with livable community design. Students are immersed in one of the world's most dynamic real estate markets through a rigorous curriculum enriched by a wide range of experiences that extend beyond the classroom including study tours, major industry conferences, speaker series, the annual Real Estate Impact Conference, research initiatives and networking events. The prestigious MRED+U Advisory Board connects students with over 60 industry leaders who are directly engaged in the program as lecturers, mentors and advisors, providing case studies, internship and employment opportunities and access to dozens of cutting-edge projects from every real estate sector.
Dual degree and certificate options are available combining the MRED+U degree with the Master in Architecture and Master in Urban Design programs, as well as certificates in Hospitality Design, Sustainable and Resilient Design, Historic Preservation, and Design for Health & Well-Being.
Please refer to our website for the latest admission requirements.
Curriculum Requirements
| Code | Title | Credit Hours |
|---|---|---|
| RED 601 | Introduction to Real Estate Development and Urbanism | 3 |
| RED 610 | Financing Urban Real Estate Development 3 | 3 |
| RED 612 | Applied Real Estate Finance and Investments: I | 2 |
| RED 630 | Real Estate Economics and Market Analysis | 3 |
| RED 660 | Urban Redevelopment | 3 |
| RED 670 | Construction and Project Management (or CMA course) | 3 |
| RED 680 | Entrepreneurship in Real Estate Development (or RED 650) | 3 |
| RED 690 | Case Studies in Real Estate Development | 3 |
| BSL 694 | Real Estate Law | 2 |
| RED 608 if needed 2 | ||
| Electives 1 | 11 | |
| Required Internship/Practical Training | ||
| Total Credit Hours | 36 | |
- 1
Elective credits can be fulfilled from one, two or three credit course offerings over the three semesters including study abroad courses involving MRED+U faculty (or approved by the Director). Students may take courses in Law or Business with prior approval from course faculty and program director.
- 2
Students will be required to complete an Online Finance Bootcamp (RED 608) prior to the start of their first semester if they:
- Do not have a professional background in real estate, finance or development
- Anyone with less tan 6 months experience
- Do not have an academic background in the same
- anyone without 6 credits of business, finance or real estate
- anyone who has not successfully completed any of the more popular 3rd party courses (REFM, A.CRE, BreakingInto, certificate programs etc.)
- Do not have a professional background in real estate, finance or development
- 3
With professor approval, students may test out of RED 610 and complete RED 612 and RED 614 or approved FIN courses.
Required Internship
Students are required to engage in Practical Experience in one semester while enrolled in the program. International Students in F-1 status are required to obtain authorization for Curricular Practical Training (CPT) from the Department of International Student and Scholar Services (ISSS) prior to engaging in any practical experience/training/internship off-campus.
Suggested Plan of Study for students with a professional background in real estate, finance or development
| Fall I | Credit Hours | |
|---|---|---|
| RED 601 | Introduction to Real Estate Development and Urbanism | 3 |
| RED 610 | Financing Urban Real Estate Development 2 | 3 |
| RED 630 | Real Estate Economics and Market Analysis | 3 |
| BSL 694 | Real Estate Law | 2 |
| Electives 1 | 4 | |
| Credit Hours | 15 | |
| Spring I | ||
| RED 612 | Applied Real Estate Finance and Investments: I | 2 |
| RED 660 | Urban Redevelopment | 3 |
| RED 670 | Construction and Project Management (or CMA course) | 3 |
| RED 680 | Entrepreneurship in Real Estate Development (or RED 650) | 3 |
| Electives 1 | 4 | |
| Credit Hours | 15 | |
| Summer I | ||
| RED 690 | Case Studies in Real Estate Development | 3 |
| Elective | 3 | |
| Credit Hours | 6 | |
| Total Credit Hours | 36 | |
- 1
Elective credits can be fulfilled from one, two and three credit course offerings over the three semesters including study abroad courses involving MRED+U faculty (or approved by the Director). Students may take courses in Law or Business with prior approval from course faculty and program director.
- 2
With professor approval, students may test out of RED 610 and complete RED 612 and RED 614 or approved FIN courses.
Suggested plan of study for students with no professional background in real estate, finance or development
| Fall I | Credit Hours | |
|---|---|---|
| RED 601 | Introduction to Real Estate Development and Urbanism | 3 |
| RED 608 | Finance Bootcamp | 2 |
| RED 610 | Financing Urban Real Estate Development 2 | 3 |
| RED 630 | Real Estate Economics and Market Analysis | 3 |
| BSL 694 | Real Estate Law | 2 |
| Electives 3 | 2 | |
| Credit Hours | 15 | |
| Spring I | ||
| RED 612 | Applied Real Estate Finance and Investments: I | 2 |
| RED 660 | Urban Redevelopment | 3 |
| RED 670 | Construction and Project Management (or CMA course) | 3 |
| RED 680 | Entrepreneurship in Real Estate Development (or RED 650) | 3 |
| Electives 3 | 4 | |
| Credit Hours | 15 | |
| Summer I | ||
| RED 690 | Case Studies in Real Estate Development | 3 |
| Elective | 3 | |
| Credit Hours | 6 | |
| Total Credit Hours | 36 | |
- 1
Students will be required to complete an Online Finance Bootcamp (RED 608) prior to the start of their first semester if they:
- Do not have a professional background in real estate, finance or development
- Anyone with less tan 6 months experience
- Do not have an academic background in the same
- anyone without 6 credits of business, finance or real estate
- anyone who has not successfully completed any of the more popular 3rd party courses (REFM, A.CRE, BreakingInto, certificate programs etc.)
- Do not have a professional background in real estate, finance or development
- 2
With professor approval, students may test out of RED 610 and complete RED 612 and RED 614 or approved FIN courses.
- 3
Elective credits can be fulfilled from one, two or three credit course offerings over the three semesters including study abroad courses involving MRED+U faculty (or approved by the Director). Students may take courses in Law or Business with prior approval from course faculty and program director.
Mission
The mission of the MRED+U program is to educate future real estate professionals on the fundamentals of real estate development grounded in livable community planning and design.
Goals
- Prepare real estate industry professionals capable of tapping the power of the market to deliver financially successful development that offers a high quality of life for diverse populations to live, work, and pursue daily activities in walkable, sustainable neighborhoods and communities.
- Prepare students for professional leadership and lifelong learning in urban real estate development with an emphasis on livable community planning and design.
- Preserve and develop knowledge for the profession through research and practice.
- Share knowledge locally, nationally and internationally through the program website, programs and community outreach projects.
- Promote community design and real estate development goals of environmental responsibility, social equity and economic sustainability.
Student Learning Outcomes
- Students will demonstrate the ability to assess the viability of individual properties, neighborhoods and districts for appropriate types and scales of urban real estate development including the physical, environmental, regulatory (land use, zoning, building codes, etc.), political, transportation, social and community context for development.
- Students will demonstrate the ability to identify and research regional and local (on the ground) real estate market conditions, comparable and competitive properties, demographic and psychographic characteristics of populations and prospective customers and tenants for real estate.
- Students will demonstrate the ability to prepare a real estate development program with appropriate land uses, tenant mixtures, parking and non-revenue generating elements (civic uses and public space) consistent with local regulations (land use, zoning) and reflecting citizen input to create value for a community.
- Students will demonstrate: literacy in real estate finance terminology and concepts for real estate development; the ability to analyze the financial feasibility of real estate development proposals, and; the ability to prepare and present a financial pro forma for a real estate development proposal.
- Students will demonstrate the ability to work in various roles and collaborate as part of an interdisciplinary team carrying out an urban real estate development project.
- Students will demonstrate the ability to craft and effectively deliver concise presentations for real estate development proposals to a variety of audiences.
- Students will demonstrate knowledge of exemplary urban projects and places including historic, new and redeveloped urban places. Students will demonstrate knowledge of design principles used to create and maintain livable communities, build real estate value and advance sustainability.
