Master of Science in Real Estate
About This Program
The Master of Science in Real Estate program is designed to provide students an opportunity to obtain a better understanding of the mechanics of real estate decision-making in modern society and a greater depth of training in the discipline of real estate decision-making than is possible at the baccalaureate level.
Competencies
- Upon completion, students will possess a thorough command of qualitative aspects and quantitative techniques for real estate valuation and financing.
- Upon completion, students will possess the computational skills required to successfully model asset valuation and financing using commercially and/or publicly available data.
- Upon completion, students will possess oral and written communication skills to be able to communicate effectively with real estate professionals with proficiency.
- Upon completion, students will possess the quantitative tools required to conduct independent real estate research and to succeed in analytical roles in the commercial real estate industry.
Admissions Criteria
The MSRE Graduate Advisor reviews all applications and determines if they qualify for unconditional admission. Applicants who do not satisfy the admission conditions are referred to the MSRE Admissions Committee for consideration.
An applicant whose native language is not English must demonstrate a sufficient level of skill in the English language to ensure success in graduate studies as defined by the Office of Graduate Admissions.
UNCONDITIONAL ADMISSION WITHOUT COMMITTEE REVIEW
Unconditional admittance will be granted without committee review to an applicant who holds a bachelor’s degree with a GPA of 3.0 or above (last 60 hours) from an AACSB-accredited college or university, or equivalent.
ADMISSION WITH COMMITTEE REVIEW
Applicants who require committee review are considered for admission using the following factors, with no single factor used as the primary criterion for making admission decisions.
- A degree or certificate in Business, Real Estate, or a related field.
- Coursework in Business, Real Estate, or a related field.
- Relevant business or professional experience in real estate.
- Undergraduate and graduate GPA (overall, major, and last 60 hours) and program accreditation status of the applicant's degree-granting institution.
- Score on the GMAT/GRE (including separate scores on the individual sections), if taken.
- Personal statement provided by the applicant.
- Programming skills (e.g., Python, R), real estate or financial modeling skills, relevant work experience or internships demonstrating applied quantitative skills.
By considering the totality of the applicant's circumstances, including the factors listed above, the MSRE Admissions Committee will evaluate an applicant's readiness to successfully complete the graduate program. Depending on the committee’s judgment, the decision may be to grant unconditional admission, probationary admission, deferred admission, or deny admission. The committee’s decision is final.
PROBATIONARY ADMISSION
An applicant deemed deficient in one or more of the above criteria may be considered for probationary admission upon careful review of their materials. Probationary admission requires the student to maintain a 3.0 grade point average for the first two semesters of enrollment. Additionally, the student may be required to take deficiency courses.
DEFERRED AND DENIED ADMISSION
A deferred decision may be made when an applicant’s file is not sufficiently complete to make an admission decision, or when an applicant needs to improve certain criteria to enhance their competitive status for future admission consideration. For an applicant lacking sufficient evidence to indicate potential for academic success as an MSRE student, admission will likely be denied. All applicant data will be carefully reviewed before an admission denial is made. The decision to defer/deny admission is not based on any single criterion.
UNCONDITIONAL ADMISSION FOR GRADUATE CERTIFICATE IN REAL ESTATE DEVELOPMENT STUDENTS
Students who successfully complete the Graduate Certificate in Real Estate Development with a GPA of 3.0 or higher will be granted unconditional admission to the MSRE program.
Curriculum
| Foundations | ||
| REAE 5311 | REAL ESTATE ANALYSIS | 3 |
| REAE 5321 | SEMINAR IN REAL ESTATE INVESTMENT | 3 |
| REAE 5334 | SEMINAR IN REAL ESTATE APPRAISAL | 3 |
| REAE 5319 | SEMINAR IN REAL ESTATE FINANCE | 3 |
| REAE 5314 | SEMINAR IN REAL ESTATE DEVELOPMENT | 3 |
| REAE 5315 | REAL ESTATE TRENDS & ISSUES | 3 |
| REAE 5350 | QUANTITATIVE METHODS FOR REAL ESTATE | 3 |
| Electives | ||
| Select nine hours of elective courses with advisor approval. | 9 | |
| Total Hours | 30 | |
Program Completion
A minimum of 30 semester hours is required. All classes must be approved by the Graduate Advisor in Real Estate. Students who do not have a bachelor’s degree in business administration may have to take additional coursework (up to three semester hours) to acquire a sufficient general business foundation. Students may have foundation courses waived by the Graduate Advisor if they have completed equivalent courses.
Each student’s program of work must be approved by the Real Estate Graduate Advisor and it must contain a minimum of 21 semester hours in approved advanced graduate real estate courses taken at The University of Texas at Arlington.