Real estate development is being offered at more colleges.
It’s becoming easier for those interested in real estate development to hone their knowledge on the subject. More schools are beginning to place emphasis on this field that was once largely dependent on professionals learning as they go. Despite the industry’s popularity, there isn’t a wide variety of advanced degrees that could benefit these professionals.
Sternberg noted that more than 300,000 professionals work in this industry and, while skills can be learned while in the field, it’s extremely valuable for an individual to start his or her career equipped with the tools to succeed. There are currently only about 40 graduate schools that teach real estate development, and the goal of the program is to offer a formal education for the large number of interested professionals.
More funding for schools
The University at Buffalo isn’t the only school addressing the gap. The Massachusetts Institute of Technology recently received one of its largest grants to build up its real estate development offerings. According to the school’s Web site, alumnus Samuel Tak Lee donated $118 million to the school to build a lab for students to meet and discuss social responsibility within real estate. It will do so by researching sustainable urbanization and sharing its curriculum online.
“By cultivating a long-term perspective, real estate professionals can create even greater value for themselves and for society based on responsible, sustainable strategies,” Lee said in a statement. “I am eager to connect ambitious, talented students with the skills and knowledge that will help them succeed.”
According to the Real Estate Developer’s Handbook, professionals often focus on a specific niche, whether it’s residential, commercial, industrial or retail. They must perform extensive analysis on a building or stretch of land according to their niche to decide whether the project will be profitable and feasible. By earning a degree in this field, professionals will be equipped with the skills necessary to make the right decisions and succeed in their field.
By Monique Smith
1000 Regent University Drive, Virginia Beach, VA, 23464
Regent University is a Christian learning community comprised of seven graduate schools (Business &a....
401 N Fairview St, Lock Haven, PA, 17745
Founded in 1870, Lock Haven University sits on the West Branch of the Susquehanna River and looks ov....
5701 Delhi Road, Cincinnati, OH, 45233
Mount St. Joseph University is a Catholic academic community grounded in the spiritual values and vi....
Doheny Campus, Los Angeles, CA, 90007
The Master of Art in Humanities at Mount Saint Mary’s University is a dynamic and fl....
3690 East Avenue, Rochester, NY, 14618
As an independent institution in the Catholic tradition of American higher education, St. John Fishe....
10601 Calle Lee, Los Alamitos, CA, 90720
Touro University Worldwide is a nonprofit institution of higher learning established by philanthropi....
Graduate Admissions Office, Springfield, MA, 01119
Western New England University offers a diverse range of master's, doctoral, and dual degree program....
126 Hofstra University, Hempstead, NY, 11549
At Hofstra University, students take advantage of dynamic courses, flexible schedules, exceptional f....
