MRED academics
Explore the development process in its entirety and strengthen your management toolkit. The unique approach of the W. P. Carey Master of Real Estate Development (MRED) program transforms your skillset and your career.
Curriculum
Develop your critical thinking about real estate development. In the Master of Real Estate Development (MRED) program, you’ll learn side-by-side with peers from various backgrounds, deepening your understanding of the development process.
The development process involves all disciplines represented by MRED program partners: The W. P. Carey School of Business, the Sandra Day O’Connor College of Law, the Herberger Institute for Design and the Arts, and the Del E. Webb School of Construction. Leading faculty members from each institution are selected to deliver this unique curriculum, and small class sizes provide opportunities for individual attention and interaction.
People in the industry provide subject matter properties for our students to use, and that's how they apply what they're learning in the classroom in real time. They learn how to apply it in a professional setting so that when they leave the program, they're very comfortable not with just the subject matter, but how you use it in a professional environment.
Mark Stapp, MRED faculty director
Synthesis projects
Reflecting real-world problems and solutions, three formal MRED synthesis projects cover the entire spectrum of development:
- Residential
- Income-Producing
- High-Density Mixed-Use and Public-Private Partnership
Synthesis projects are presented to MRED faculty and a panel of industry leaders, who will critically evaluate your work. Teams are balanced to include members with varying experiences in order to maximize the internal learning experience, and mimic the actual development process.
Sample MRED courses
The W. P. Carey MRED is an intensive, transdisciplinary program taught by industry experts with current real estate development experience — giving you unmatched exposure to how development works in the real world. Over the course of the program, you’ll build the necessary skills to implement and manage the design and development process. Take a closer look at individual courses through ASU class search.
Explores basic principles of urban economics and their application to real estate decision making, including urban economic theory, location analysis, and the impact of location on use and land value. This foundational course discusses what real estate developers do, how they manage the development process, and various participants and their roles in the real estate development and investment process.
Investigates methodologies of business management issues in real estate development projects and companies, including organization, structure, balance sheets, intro to managerial accounting, project reporting, contracts, corporate tax issues.
Examines the built environment and how that applies to creation of places, market positioning, capturing value and the importance of good design to the business of real estate. Emphasis is placed on how developers should work with design teams to seek salient problems and solutions.
CCIM designation
The MRED curriculum has been approved by CCIM (Certified Commercial Investment Member) for their Fast Track University Program. The CCIM designation represents proven expertise in financial, market, and investment analysis, in addition to negotiation. Although not required, it is perceived as highly valuable in the commercial real estate industry. CCIMs have been recognized as leading experts in commercial investment real estate.
Faculty
The Department of Finance within W. P Carey is a leader in real estate thought leadership. We incorporate emerging trends into the classroom and research to educate students and industry professionals. Our applied research on the socioeconomic and environmental factors of real estate affects curriculum and public outreach.
With research expertise in housing affordability, office market shifts, industrial development, and water and energy demands, our faculty members influence government policy and private investment. Our real estate faculty members operate at the intersection of academia and practice at the W. P. Carey Center for Real Estate and Finance to advance high-quality research and expand the scope of our real estate degree programs.