Master of Real Estate Development (MRED)
MRED students will develop skills needed to evaluate, create, implement, and manage real estate development proposals, and to understand how real estate development fits into regional planning, community and sustainability-based development, and economic processes. MRED graduates will be known for having both excellent technical skills and an integrated and holistic approach to real estate development, qualities currently associated with the most innovative and successful development in our region. With Portland’s renowned reputation for sustainability and innovation, the MRED program is designed to make extensive use of the community and sustainability-based development dynamics associated with the best of metropolitan Portland’s contemporary development.
PSU’s MRED is the only Master of Real Estate Development, or related degree, offered in Oregon and Southwest Washington, and is one of only a handful of MRED programs offered on the west coast.
Focus on Development, Finance & Sustainability
The MRED program draws teaching expertise from two of PSU’s most respected Schools: the Schools of Business Administration and Urban Studies and Planning. In addition to learning the fundamentals of real estate development and finance, MRED students learn to assess the impact proposed developments have on local communities.
Students gain knowledge in working with local communities to link project objectives with community objectives in a manner that contributes to project success and broader community sustainability. Additionally, MRED students are able to place the role of real estate development within a framework of public policy decision making so that their developments are environmentally sensitive and sound from the perspective of community and social sustainability.
The coursework within the MRED program can be grouped into four segments: urban theory, finance and policy, project development, and electives.
The core curriculum introduces students to real estate development in the context of finance, urban planning, community development, and sustainability to ensure that the projects that are developed are sensitive to the human and physical environment and communities in which they exist.
Although no formal tracks or concentrations have been created, there are 18 elective credits within the program that allow students to focus their work in green building, real estate finance, land use law, real estate valuation, and/or community development. In both the core and electives, the focus is on the integration of real estate development with broader community needs and concerns, and with an eye towards sustainability and the future.