/Master of Real Estate Development

Master of Real Estate Development

Master of Real Estate Development 2019-02-20T11:30:48+00:00

Iowa State University’s Master of Real Estate Development (MRED) prepares you for career success in today’s real estate industry. Jointly created by the College of Design, Ivy College of Business and industry leaders, the ISU MRED program offers you essential academic training, networking opportunities and collaboration with leading academics and practitioners to solve real world problems. Areas of study include real estate market analysis, finance, investments, leadership and negotiation, fundamentals of the built environment, construction science and urban planning. Offered in a convenient format of distance learning and brief campus residencies, our MRED program is ideal for the full-time working professional.

Watch our Recorded Webinar

Watch our recorded February 19, 2019 webinar hosted by the program director or contact Nick Sloan, Assistant Director of Graduate Recruitment.

“Real estate development today relies on multidisciplinary management more than at any time in the past. Strategic planning, finance, accounting, investment, risk management, law and regulatory compliance, politics, jurisdictional approval, design, construction and marketing are all vital components in the successful execution of development projects. The ISU MRED delivers on this very important need for a curriculum that encompasses all of these fields. Focused on working professionals, the ISU MRED program ensures that participants will get the most out of this education, allowing them to adapt it immediately to real-world challenges.”

Don Young
D.R. Young Associates

Member, MRED Executive Advisory Council

“From a hiring perspective, I am seeking well-rounded candidates with a blend of industry and academic experience. The ISU MRED program has a solid cross-section of finance, design, and construction learning and presents a unique opportunity to blend a variety of expertise, filling a skill gap in the industry and creating highly skilled candidates for employment. “


Brandt C. Foster | Director
Northwestern Mutual Real Estate

Member, MRED Executive Advisory Council

Curriculum Overview

The program, which can be completed in 21 months, is especially suited for professionals with work experience in a real estate-related field. GRE and GMAT are not required.

  • Coursework only degree
  • 21 months from start to finish
  • 33 credit hours of cohort-based learning
    • Eight courses are online distance courses delivered asynchronously, and three courses are taught in a one-week, campus residency format and synchronous, as prescribed below
    • Ten required core courses and an elective selected from either the College of Design or the Ivy College of Business
      • Of the ten core courses, three are core competency courses, one of which may be waived at the discretion of the Director of Graduate Education if a student has had previous extensive undergraduate or graduate coursework in that field
Required Core Courses (30 credits) Credits Delivery
Real estate law 3 Online
Real estate development 3 Online
Sustainable community development 3 Online
Real estate investments 3 Online
Real estate finance* 3 Online
Real estate market analysis 3 On-campus
Leadership and conflict resolution 3 On-campus
Architecture and sustainable design* 3 Online
Construction basics, building systems and project management* 3 Online
MRED Capstone Project 3 On-campus
Sample Elective Courses (3 credits)
Financing historic preservation and revitalizing communities 3 Online
Real estate securitization and portfolio management 3 Online
*Signifies a core competency


Michael Bootsma is the Dean’s Teaching Fellow in Accounting at Iowa State University.

Angela Christensen is a student in the Civil Engineering doctoral program at Iowa State University.

Ted Grevstad-Nordbrock is an Assistant Professor in Community and Regional Planning.

Daniel Kuhlmann is an Assistant Professor in the Department of Community and Regional Planning at Iowa State University.

Jim Summers is the Max J. Wortman, Jr. professor and associate professor of management at Ivy College of Business at Iowa State University.

Hua Sun is an Associate Professor of Finance at Ivy College of Business at Iowa State University.

Tracy M. Turner is an Associate Professor of Finance and Hunziker Graduate Director Master of Real Estate Development at Iowa State University.

Andrea Wheeler is an Assistant Professor in the Department of Architecture at Iowa State University.

MRED Advisory Council


$890 per credit hour*

*Subject to Board of Regents approval