Master of Real Estate Development (MRED)

In only nine months, the master's in real estate from ASU's W. P. Carey School of Business prepares you for the business of real estate. You’ll learn to lead real estate development projects that are environmentally respectful, socially responsible, and artfully designed. And engagement with motivated classmates, esteemed faculty, industry organizations, and deeply connected MRED alumni will expand your professional network and open the door to future opportunities.


The MRED program is a transdisciplinary partnership between four highly regarded schools within Arizona State University:

  • The W. P. Carey School of Business
  • The Sandra Day O’Connor College of Law
  • The Herberger Institute for Design and the Arts
  • The Del E. Webb School of Construction

The MRED brings together all four disciplines, giving you a well-rounded real estate development education — providing new perspectives and strengthening your decision-making skills. Three formal MRED synthesis projects cover the entire spectrum of development, from residential to mixed-use. Each synthesis project is presented to and evaluated by industry leaders and MRED faculty, providing you indispensable feedback.

In addition to the credibility of earning a transdisciplinary ASU master's degree, dedicated career coaching, resources, and events from the W. P. Carey Career Services Center will provide you more opportunities to meet with a broader range of employers and help you succeed long after graduation.

MRED fast facts

9 months
Program length

3 synthesis projects
Including a real-world capstone

scores required

98% of MRED alumni are satisfied
or highly satisfied with the program

Explore the MRED curriculum


The W. P. Carey MRED is community-centered — in more ways than one. In addition to focusing on the role of development projects within the context of their communities, the internal MRED community is built by relationships. Our students work closely together in class and on required projects, gain valuable access to leading professional organizations and the W. P. Carey Real Estate Advisory Board, and join a vital alumni network of MRED graduates working in and leading the real estate development industry.

Featured alumni stories

120,000+  W. P. Carey are leading the way worldwide

Here, featured W. P. Carey real estate alumni share their thoughts on ASU’s MRED program and what’s next in their field.

Join us at ASU

How to apply

Start your journey on the right foot: Join us for an upcoming event to learn more about the W. P. Carey MRED, and take note of application deadlines and application materials.

Attend an event

>> Check out our complete calendar of events

Event Illustration

Application deadlines

Round I

Dec. 1, 2023

Round II (Int'l. priority)

Feb. 1, 2024

Round III (Int'l. final)

April 1, 2024

Round IV (Final)

July 1, 2024

Note: Applications for Fall 2024 admission will be accepted on a rolling basis until July 15, 2024.

Cost and financial aid

The W. P. Carey School of Business offers one of the most affordable MRED programs ranked in the top 30 by U.S. News & World Report.

Fall 2023 admits

Estimated tuition and fees







Paying for your degree is one of the most critical steps in your decision to go to business school. Work with us to find the right solution for you, whether it’s scholarships, graduate assistantships, or loans.

Learn more about how to pay for your degree
Career Students

Career management

The W. P. Carey Career Services Center helps you tell your story through individualized support and targeted resources. Our dedicated team of experienced professionals will assist you in defining career goals, implementing job search strategies, and leveraging your degree.