Georgia Tech is planning to launch a new Masters of Real Estate Development degree.
"The new degree is a collaborative academic program that has technical, design, and construction components that are aligned with business, planning, and policy aspects of real estate development," says a summary posted by the Board of Regents of the University System of Georgia. "The program promotes the sustainable utilization of land and property. Program resources will be leveraged among three academic units within the College of Design, specifically the School of Architecture, the School of Building Construction, and the School of City and Regional Planning. Broader collaborations will occur with the Scheller College of Business, School of Civil and Environmental Engineering, and the School of Public Policy. The curriculum is a design based real estate development program that focuses on planning, design, finance, and construction. Opportunities will be developed and made available for multidisciplinary research in real estate design and sustainability."
U.S. universities of the size of Georgia Tech with master’s level programs in real estate development are Columbia University, the University of Southern California, Arizona State University, and the Massachusetts Institute of Technology. In the Southeast, Auburn University and Clemson University have added master’s programs in real estate development. "It is anticipated that the proposed new degree will place Georgia Tech in a position of leading academic programs in the region and country in this area," the Board of Regents said.
A complementary master’s level program exists at Georgia State University. In 2016, it had an enrollment of 44 and conferred 21 degrees. Tech projects that its new program would have 25 students by the fourth year.
Tech's master in real estate development program would be 30 semester hours and be available to full-time and post professional students. Instruction includes classroom courses, studio-based real estate development courses, and case studies involving actual real estate development projects.