NYU Schack Institute to Offer Master's Program in Real Estate Development

New Master of Science Degree Will Forge Future Leaders of Industry

NEW YORK, July 27, 2010 —The New York University School of Continuing and Professional Studies (NYU-SCPS), home to NYU’s fourth largest graduate student community in a variety of professional fields, announced today that the NYU Schack Institute of Real Estate will offer a Master of Science in Real Estate Development (MSRED). Along with the Master of Science in Construction Management and the Master of Science in Real Estate, this will be the third graduate degree capturing the specialized academic expertise of NYU Schack faculty and leading industry practitioners.

The 42-credit graduate MSRED program will offer greater depth of focus in the discipline of development than existing Schack master’s programs. The curriculum consists of 12 required core courses and two electives, which can be taken in different areas, such as Strategic Real Estate Management, Finance and Investment Analysis, or Construction Management. Students will be able to choose among three concentrations: 1) Sustainable Development, which will emphasize green practices in construction, planning, and development; 2) The Business of Development, which will offer courses on entrepreneurial real estate, advanced finance, and public-private partnerships; and 3) Global Real Estate, which will address issues arising in comparative international real estate development and will involve structured short-term overseas study experiences. The MSRED curriculum prepares students for careers as entrepreneurial developers or for leadership positions within private or public organizations.

NYU-SCPS Dean Robert Lapiner reports, “This exciting and innovative new program expands and refines the curricula offered by the NYU Schack Institute and reflects its high standards and deeply rooted commitment to prepare responsible leaders for a global industry.”

In comparison to the Institute’s well-established Master of Science programs which are directed toward professionals with significant relevant industry experience, the new M.S. in Real Estate Development is conceived to educate students in the early stages of their careers and is well-suited for students with a broad diversity of experience.

For more information, please visit www.scps.nyu.edu/schack or contact Graduate Admissions at (212) 998-7100.

About the NYU School of Continuing and Professional Studies

Established in 1934, NYU-SCPS (scps.nyu.edu) is one of NYU’s several degree-granting schools and colleges, each with a unique academic profile. The reputation of NYU-SCPS arises from its place as the NYU home for study and applied research related to key knowledge-based industries where the New York region leads globally. This is manifest in the School’s diverse graduate, undergraduate, and continuing education programs in fields such as Real Estate and Construction Management; Hospitality, Tourism, and Sports Management; Global Affairs; Philanthropy and Fundraising; Graphic Communications Media, Publishing, and Digital Arts; Human Capital Management, Marketing, and Public Relations; with complementary strengths in the Liberal and Allied Arts; Translation and Interpreting; Management and Information Technology; and Finance and Taxation. More than 100 distinguished full-time faculty members collaborate with an exceptional cadre of practitioner/adjunct faculty and lecturers to create vibrant professional and academic networks that attract nearly 5,000 degree-seeking students from around the globe. In addition, the School fulfills the recurrent continuing higher education needs of local and professional communities, as evidenced by 55,000 annual enrollments in individual courses, specialized certificate programs, conferences, workshops, seminars, and public events. The School’s community is enriched by more than 25,000 degree-holding alumni worldwide, many of whom serve as mentors, guest speakers, and advisory board members.

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