Master of Real Estate Development

The David Eccles School of Business Master of Real Estate Development (MRED) program is one of only a handful of such programs across the United States. The MRED curriculum is designed for students and professionals coming from multiple disciplines, such as land development, urban planning, finance, entrepreneurship, architecture, engineering, law, real estate marketing, sales, and many other professional backgrounds. This unique and dynamic program is ideal for students and professionals who are looking to take their career to the next level, network within the industry, and gain exposure to education not found anywhere else.

Students should expect the following benefits from the MRED program:

Qualified Professors

MRED candidates will participate in a dynamic learning environment with professors who currently work in the real world in the fields of finance, land development, market analysis, economics, government, law, construction, and many others. MRED professors also often continue relationships after graduation with students who work with them as affiliates and market professionals in the current local market.

The Best in Technological Education

So much of the best in real estate market study, site analysis, design, and financial modeling is done on technological systems. MRED candidates will learn the benefits and how to use these systems to make better decisions, find profitable projects, provide value to their employers, and maximize the value of their projects. Geographic Information Systems (GIS) and Excel Modeling are required courses in the MRED program.

Flexible Professional Program Format

Taking classes in late afternoon and evening hours allows the working professional the opportunity to take classes that fit into their working lifestyle or the full-time student the opportunity to get the most out of their study experience.

Hands on Approach

All course work is aimed at giving the student skills that will be applied at every step through the program through case studies and projects that analyze real life situations, locations in the Utah market, current market and finance conditions, and the most recent trends. Students' capstone projects will be the culmination and implementation of all that they have learn in the program.

Student Status

As a student, many doors are open to MRED candidates that they cannot enter any other way. The real estate world can be competitive and often it can be difficult to gain access to the education that can teach the skills necessary to do the more advanced industry projects. Student status often opens doors that are closed to competing professionals. Many students in the program use this status to proactively get out into the marketplace and meet with professionals on their own. They report that often those who normally would not meet with them are available because of their student status. At the same time, many professional associations give students access to their benefits at significantly reduced cost through the MRED program. Associations include, but are not limited to Urban Land Institute, National and Utah Associations of Home Builders, and Utah and National Associations of Realtors. Many MRED candidates are often exposed to the "hidden job market" through these associations and through their efforts to meet with industry professionals.

MRED Professional Mentor Program

The mentor program is one that sets the MRED program apart. MRED candidates are given the opportunity to form an association with a particular industry professional that is currently top of their field. Developing a relationship, they will meet with them monthly and gain inside access and insight into their experience, their business practices, and their area of expertise. The mentors and students have the opportunity to develop lasting relationships in the industry that could not be established any other way.

Utah Real Estate Challenge

The Utah Real Estate Challenge (UREC) is an optional program offers students the opportunity to team with other students and industry professionals and enter a proposed real life project that could be implemented on a real site for the chance to compete for a $20,000 grand prize. Team entries are judged by top industry professionals on creativity, feasibility, strength of potential, and a number of other criteria. Teams develop industry contacts, build on past projects, raise their skill level, and give presentations to 100 of the top professionals in the field. The experience is the perfect way to find out what a candidate can do and even possibly implement their project with the help of those who judge the projects. For more insight, watch the Utah Real Estate Challenge video.

Access to Research

Through the Ivory-Boyer Real Estate Center (IBREC) students can gain exposure to the latest in local real estate market research, economic conditions, and trending opportunities. Select students interested in participating in the research can gain experience working alongside the best economists, industry leaders, and local experts in their field.

CCIM Affiliation and Designation

The Certified Commercial Investment Member (CCIM) designation is the gold standard in real estate designations. Gaining the CCIM’s recognition places the Business School's MRED program among the nation’s elite professional real estate masters programs, including graduate degrees offered by Columbia, Cornell, Auburn, DePaul, and Clemson universities. The CCIM Institute, the commercial affiliate of the National Association of Realtors, grants accreditation only to those institutions which meet rigorous academic and curriculum standards. Upon graduation, students must complete one remaining case study course, provide evidence of required industry experience, and pass the CCIM exam to obtain their designation saving them time and thousands of dollars.

Ongoing Professional Network

MRED candidates, professors, and graduates participate in a learning environment that can create a common bond developed through shared experience within the program. Those relationships naturally offer the opportunity to interact outside the classroom and continue to associate professionally after graduation. Many employment, investment, affiliate, association, and venture opportunities are best shared through these relationships. MRED candidates are encouraged to network with other MREDs now and in the future.

Information Sheet The MRED Information Sheet is your quick reference guide to the program. It includes a program description, highlights, class schedule, admission requirements and procedures, and tuition information.