The MPS in Real Estate Development gives you practical skills and knowledge to advance your career in this growing industry.
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 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.
- 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 a field experience (3 credit hours).
Tuition for 2017-18 is $478/credit hour.
When can I start?
A new cohort will begin in 2018.
Job outlook & career opportunities
The Indianapolis area is regarded as economically stable and growing significantly in both residential and commercial real estate development. In fact, Indianapolis is listed as one of the five hottest markets in the country, according to real estate services firm Cassidy Turley. A recent one-month review of open positions in the Indianapolis area found nearly 140 openings in real estate management.
Some of the most demanded titles for real estate graduate-level professionals include:
- Real Estate Developer
- Project Manager
- Financial Analyst
- Investment Analyst
- Senior Project Manager
- Mortgage Loan Underwriter/Analyst
- Community Development Consultant
- Portfolio Manager
- Commercial Real Estate Broker
- Property Manager
- Asset Manager
- Commercial Banker
Curriculum & Courses
I. Foundational Ethics (3 credit hours)
Your first class will be Foundational Ethics.
- Foundational Ethics
II. Concentration courses (24 credit hours)
The following eight courses fulfill the 24-credit hour concentration requirements.
- Principles of Real Estate Development
- Real Estate Financial Analysis
- Real Estate and Capital Markets
- Real Estate Valuation and Appraisal
- Real Estate Construction Systems
- Real Estate Development Project Management
- Real Estate Development Law and Contracts
- Sustainability and the Real Estate Development Process
III. Capstone experience
The Capstone is the culminating course in this program. You may select one of the following options.
- Critical Problem Solving
- Contributing to Industry Practice
- Field Experience
To be admitted to UIndy's Real Estate Development program, you must complete or submit the following:
- Completed online application
- Non-refundable $50 application fee (UIndy alumni are eligible for an application fee waiver. If you are eligible, please contact Whitnie Shay, assistant director of Graduate and SAL Enrollment, at 317-788-2004 or firstname.lastname@example.org for more information.)
- 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)
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 Graduate Record Examination (GRE) scores for evaluation.
If you have previously taken graduate classes in another accredited program, up to 6 credit hours may be eligible for transfer to the Master of Professional Studies degree program if we determine that these transfer courses have sufficient applicable content and you earned a grade of 'B' or better. After you complete 12 credit hours in the master's degree program at UIndy (with a minimum grade of 'B' in each course), the acceptable transfer credits will be applied.
Additional requirements for international students
Students for whom English is their second language must submit TOEFL scores with a minimum of 100 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
- International Consultants of Delaware, Inc.
- Education Credential Evaluators, Inc.
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Last updated January 21, 2018