MPS in Real Estate Development


Read more about this program on the school's website

Program Description

Plan for success

The Master's in Real Estate Development, delivered through UIndy's School of Business, is designed for both recent graduates and working professionals with industry experience. Through project based learning you learn how to successfully analyze markets, develop proformas, and manage projects to pro-actively shape the built environment.


  • Accelerated degree program fits a busy professional’s schedule.
  • Project-based learning gives you practical experience.
  • Indianapolis location puts you in one of the nation’s hottest markets, according to real estate firm Cassidy Turley.
  • Cohort structure lets you network, and develop relationships with classmates from diverse backgrounds.

Taught By Industry Experts

Our School of Business utilizes strong business partnerships to provide top-level faculty for this program while providing an accelerated learning format to help busy adults complete their degree. A council of experts provides guidance on the curriculum, and many members of the council teach courses.

Program Length & Format

The MPS is 30 credit hours. Courses are accelerated, and last 7.5 weeks, so you can take six credit hours per term while only taking one class at a time. This allows you to complete the program in five semesters (21 months).

The MPS program is structured as a cohort, meaning students begin the program at the same time and take all classes together. This gives you the opportunity to network and develop relationships with classmates from diverse backgrounds.

Class Times & Location

Classes are offered in sequence in an on-campus format. Classes meet one night per week from 6-9:45 p.m.


The curriculum for the MPS in Real Estate Development consists of the following:

  • A foundational ethics course, that focuses on ethical issues in the work environment (3 credit hours).
  • Concentration courses that provide both a theoretical framework and practical application within the industry (24 credit hours). Courses will cover real estate development, finance and value analysis, appraisal and markets, along with project management and law/contract negotiation.
    • Principles of real estate development (3 credit hours)
    • Real estate site analysis (3 credit hours)
    • Real estate feasibility analysis (3 credit hours)
    • Real estate finance and capital markets (3 credit hours)
    • Real estate valuation and appraisal (3 credit hours)
    • Real estate construction systems (3 credit hours)
    • Real estate development project management (3 credit hours)
    • Real estate development law and contracts (3 credit hours)
  • A capstone course in which students collaborate with an industry sponsor and faculty advisor to complete a project in one of three areas: critical problem solving, contribution to industry practice or field experience (3 credit hours).
    • Real estate development project analysis and proposal (3 credit hours)
    • Critical problem solving (3 credit hours)
    • Contributing to industry practice or policy (3 credit hours)
    • Field experience (3 credit hours)

Job Outlook & Career Opportunities

Some of the most demanded titles for real estate graduate-level professionals include:

  • Associate or Assistant Developer
  • Analyst
  • Project Manager
  • Financial Analyst
  • Investment Analyst
  • Mortgage Loan Underwriter/Analyst
  • Director
  • Portfolio Manager
  • Commercial Real Estate Broker
  • Property Manager
  • Asset Manager
  • Commercial Banker

Information provided by the Education Advisory Board

Admission Requirements

To be admitted to UIndy's Real Estate Development program, you must complete or submit the following:
  • Completed online application,
  • Score a 79 or higher on the TOEFL English language proficiency test,
  • Non-refundable $50 application fee,
  • Bachelor's degree or higher (any discipline) from an accredited college or university,
  • Cumulative GPA of 3.0 or higher,
  • Original transcripts from each college or university previously attended,
  • Three letters of recommendation, two of which must be academic and/or professional recommendations,
  • An essay explaining your interest in your specific area of professional studies and how you plan to use the degree in your future work (1,000-1,500 words).
Conditional admission
If you are interested in applying to the Master of Professional Studies in Real Estate Development and do not have a 3.0 GPA, you may be offered a "conditional admission" status until you successfully complete two courses in the program and achieve a grade of 'B' or higher in each course. As an alternative to conditional admission, you may submit the Graduate Record Examination (GRE) scores for evaluation.
English Language Proficiency
Students for whom English is their second language must submit TOEFL scores with a minimum of 79 on the internet-based TOEFL. TOEFL scores should be sent to institution code R1321 and school code R2207.
If your undergraduate degree is from a non-US institution, we require a degree evaluation as an assurance that you have completed the U.S. equivalent of a bachelor's degree. Credit and grade equivalencies for each course may be requested if deemed necessary. Photocopies are not acceptable for this portion of your application material. The following is a list of acceptable agencies that offer this service:

World Education Services, Inc
P.O. Box 5087
Bowling Green Station
New York, NY 10274-5087

International Consultants of Delaware, Inc.
P.O. Box 8629
Philadelphia, PA 19101-8629
215-222-8454 ext. 510

Education Credential Evaluators, Inc.
P.O. Box 514070
Milwaukee, WI 53203-3470

Last updated Nov 2019

About the School

UIndy's School of Business has both undergraduate and graduate programs and offers a variety of majors and concentrations in each. All courses are taught by dedicated faculty, many of whom have years ... Read More

UIndy's School of Business has both undergraduate and graduate programs and offers a variety of majors and concentrations in each. All courses are taught by dedicated faculty, many of whom have years of real-world experience that they bring to the classroom. The School emphasizes applied learning through courses that include projects and case studies for area businesses and organizations. In addition to the classroom, students gain valuable internship experiences at nearly 100 different businesses each year and are well-prepared to enter the job market or advance in their careers upon graduation. Read less