Transcript Document

REAL ESTATE DEVELOPMENT
EDUCATION
In the U.S.
Margaret McFarland, J.D.
Hossein Lavasani, Ph.D. Candidate
Presented to the European Real Estate Society
Istanbul, Turkey
June 26, 2015
Real Estate Development Education:
Undergraduate Minors
I. OVERVIEW
A. Universities
1. Arizona State University
8. Portland State University
2. Baruch College
9. University of Denver
3. College of Charleston
10. University of Florida
4. Cornell University
11. University of Maryland
5. DePaul University
12. University of Pennsylvania
6. Georgia State University
13. University of San Diego
7. Lehigh University
14. University of Southern California
15. Virginia Tech University
I. OVERVIEW
B. Host School
1. Business
• Arizona State
• Baruch College
• College of
Charleston
• DePaul
• Denver
• Georgia State
• Lehigh
• Florida
• San Diego
2. Business+
• Portland State
• Planning
• Pennsylvania
• Planning
• Virginia Tech
• Agriculture
• Architecture
• Engineering
• Liberal Arts
• Natural
Resources
3. Other School
•Cornell
•Hotel Administration
•Maryland
•Architecture
•USC
•Public Policy
I. OVERVIEW
C. Admission
1. Open to all Undergraduates (14)
2. #15 Lehigh University
Open only to
Business
Economics
Engineering
Art/Science
II.
CREDIT
COMPARISON
III. COURSE CREDITS COMPARISON
#
Name of University
Core Credits
Elective
Credits
Required
Total
Credits
1
Arizona State University
12
6
18
2
Baruch College
9
0
9
3
College of Charleston
6
12
18
4
Cornell University
12
6
18
5
DePaul University
4
12
16 (Q)
6
Georgia State University
15
0
15
7
Lehigh University
13
2
15
8
Portland State University
26
6
32 (Q)
2
Baruch College
9
0
9
3
College of Charleston
6
12
18
II.
CREDIT
COMPARISON
III.
CREDITS
COMPARISON
12
6
4 COURSE
Cornell
University
18
5
DePaul University
4
12
16 (Q)
6
15
7
Georgia State University
Name of University
Lehigh University
13
0
Elective
Credits
2
Required
15
Total
15
Credits
8
1
PortlandState
StateUniversity
University
Arizona
26
12
6
3218(Q)
9
2
University
of Denver
Baruch
College
12
9
08
209(Q)
10
3
University
of Florida
College
of Charleston
16
6
6-7
12
22-23
18
11
4
University
of Maryland
Cornell
University
15
12
60
15
18
12
5
University
of Pennsylvania
DePaul
University
12
4
9
12
1621
(Q)
13
6
University
of San
Diego
Georgia
State
University
15
15
03
18
15
14
7
University
of Southern California
Lehigh
University
16
13
7-8
2
23-24
15
15
8
Virginia Tech
Portland
StateUniversity
University
12
26
66
3218
(Q)
9
University of Denver
12
8
20 (Q)
16
6-7
22-23
#
NOTE: Q=Quarter Academic System
10
University of Florida
Core Credits
III. CORE & ELECTIVES
A. Core Courses
1. One (1) Course
DePaul University
Real Estate Analysis
2. Two (2) Courses
College of Charleston
Principles of Real Estate
Real Estate Finance
3. Three (3) Courses
University of Denver
Introduction to Real Estate
Real Estate Finance
Computer Education
III. CORE & ELECTIVES
4. Four (4) Courses
University of San Diego
Principles of Financial Accounting
Principles of Micro Economics
Principles of Real Estate
Legal Aspects of Real Estate
Georgia State
Real Estate Principles
Real Estate Development
Real Estate Finance and Mortgage Banking
Investment Property and Appraisal
5. Six (6) Courses (Lehigh University)
6. Seven (7) Courses (Portland State University)
IV. COMPARISON
TUITION
V. TUITION
COMPARISON
#
Name of University
1
Arizona State University
2
Baruch College
3
College of Charleston
4
Cornell University
5
DePaul University
6
Georgia State University
7
Lehigh University
8
Portland State University
9
University of Denver
Cost per credit
$513.00
$245.00
$760.00
$426.00
$1,112.00
$48,900.00 /year
Residency
IS
OS
IS
OS
$570.00
$260.00
$867.00
$44,520.00 /year
$260.00
$600.00
$1,040.00
IS
OS
IS
OS
5
DePaul University
$570.00
IV. TUITION
V. TUITION
COMPARISON COMPARISON
6
Georgia State University
7
Lehigh University
8#
Name State
of University
University
Portland
91
Arizona
StateofUniversity
Denver
University
2
10
Baruch College
of Florida
University
3
11
College ofof
Charleston
Maryland
University
4
12
CornellofUniversity
Pennsylvania
University
5
13
DePaul University
of San Diego
University
14
6
California
Southern
ofState
University
Georgia
University
7
15
Lehigh
University
University
Tech
Virginia
8
Portland State University
$260.00
$867.00
$44,520.00 /year
IS
OS
$260.00
Cost
per credit
$600.00
$1,040.00
$513.00
$245.00
$105.07
$760.00
$707.21
$426.00
$ 602.00
$1,112.00
$1298.00
$48,900.00
/year
$43,838.00/year
IS
Residency
OS
IS
IS
OS
OS
IS
IS
OS
OS
$570.00
$1,410.00
$260.00
$1,536.00
$867.00
$400.75/year
$44,520.00
$1,032.00
$260.00
$600.00
$1,040.00
IS
OS
IS
OS
IS
OS
V. PROGRAM CONCENTRATION
A. Prerequisites
1. Arizona State University
• Finance
• Economics
2. College of Charleston
Prerequisites for Courses in
Finance, Economics, Business
3. University of Pennsylvania
• Economics 1 and 2
4. University of Southern California
• Intro to Mathematics
• Intro to Economics
V. PROGRAM CONCENTRATION
B. Program Emphasis
•Finance Focus (7)
•Baruch
•College of Charleston
•Cornell
•DePaul
•University of Denver
•University of San Diego(?)
•University of Southern California (?)
V. PROGRAM CONCENTRATION
B. Program Emphasis
•Development Focus (8)
•Arizona State
•Georgia State (?)
•Lehigh University
•Portland State
•University of Maryland
•University of Pennsylvania
•Virginia Tech
•University of Florida (?)
V. PROGRAM CONCENTRATION
B. Program Emphasis
•Construction Management (1)
• University of Denver
REAL ESTATE DEVELOPMENT
EDUCATION in the US:
Multi-Disciplinary Masters Real
Estate Development Programs
I. OVERVIEW
A. Universities (as of 2009)
1. Arizona State (MRED)
2. Clemson (MRED)
3. Columbia (MSRED)
4. Cornell (MPS)
5. Harvard (MDES)
6. MIT (MSRED)
7. Texas A&M (MLPD)
8. Maryland (MRED)
9. USC (MRED)
10.Washington (MSRE)
I. OVERVIEW
A. Universities (as of 2014)
11. Auburn (MRED)
12. Georgetown (MPS)
13. Johns Hopkins (MSRE)
14. New York (MSRE)
15. Nova Southeastern (MSRE)
16. Portland State (MRED)
17. Tulane (MSRE)
18. Arizona (MRED)
19. Miami (MRED+U)
20. Missouri at Kansas City (MERE)
21. Utah (MRED)
I. OVERVIEW
B. Host School
1. Non Business School
•
•
•
•
•
•
•
•
•
•
Clemson University
Columbia University
MIT
Harvard
Texas A&M
Tulane
Arizona
Maryland
Miami
Washington
I. OVERVIEW
B. Host School
2. Multi-departmental
•
•
•
•
Arizona State
Auburn
Cornell
Portland State
3. Other School
•
Georgetown
*Continuing Education
NYU
*Continuing Education
• USC
•
*Public Policy
I. OVERVIEW
B. Host School
4. Business
•
•
•
•
Johns Hopkins
Nova Southeastern
Missouri Kansas City
Utah
II. CURRICULUM COMPARISON
A. Duration
1. Less that One year
• Arizona State ( 9 months )
• USC (11 months)
2. One year
•
•
•
•
•
•
Auburn University
MIT
Nova Southeastern
Portland State
Tulane
Maryland
II. CURRICULUM COMPARISON
A. Duration
3. Eighteen (18) months
•
•
•
•
•
•
Columbia
Harvard
Texas A&M
University of Utah
University of Washington
University of Arizona (16)
4. Two years
•
•
•
•
•
Clemson University
Georgetown University
Johns Hopkins University
NYU
University of Missouri at Kansas City
II. CURRICULUM COMPARISON
#
University
Required Credits
Elective Credits
Total Credits
1
Arizona State University
36
0
36
2
Auburn University
39
0
39
3
Clemson University
54
3
57
4
Columbia University
27.5
17.5
45
5
Cornell University
39
23
62
6
Georgetown University
18
12
30
II. CURRICULUM COMPARISON
#
University
Required Credits Elective Credits Total Credits
7
Harvard University
24
24
48
8
Johns Hopkins University
30
6
36
9
Massachusetts Institute of
Technology
51
15
66
10
New York University
24
18
42
11
Nova Southeastern University
40
0
40
II. CURRICULUM COMPARISON
Required/Total
Courses
Electives(Units)
Required/Total
Credit Hours
45
10
55
13 Texas A&M University
36
0
36
14 Tulane University
35
6
41
15 University of Arizona
42
0
42
16 University of Maryland
24
9
33
#
12
University
Portland State
University
II. CURRICULUM COMPARISON
#
University
Required Credits
Elective Credits
Total Credits
17 University of Miami
30
6
36
18 University of Missouri Kansas City
24
12
36
19 University of Southern California
36
8
44
20 University of Utah
36
6
42
21 University of Washington
33
27
60