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Master of Science in Real Estate Practice

USA

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COVID-19 update: This course will start online and continue on campus later. Read more

What will I learn?

Pratt’s MS in Real Estate Practice is a full-time program designed to be completed in three full time terms of study in the afternoon and evenings.

The program supports and builds upon one of Pratt Institute's core competencies education in the design and planning of the built environment. Residing in the School of Architecture, the real estate program complements existing School of Architecture graduate programs in Facilities Management, Sustainability, Historic Preservation, Urban Place making, and City and Regional Planning as well as the undergraduate program in Construction Management

The mission of Pratt’s Master of Science (MS) in Real Estate Practice (REP) is to educate and train students in the core discipline and skills of real estate practice. The goal of the program is to develop students with the capacity to practice the business of real estate with a focus on public/private partnership, as well as housing and urban development, with a commitment to achieving The Three E’s of sustainability economy, equity, and environment. A key objective is to graduate students as real estate practitioners with the core skills to secure professional employment in the field of real estate business.

The increasing role of public-private partnerships means that real estate professionals interact with a much broader interdisciplinary team to urban development. In addition, the goals of sustainability economic development, social equity, and environmental stewardship are increasingly integrated into development planning. Similarly, achieving community-based development goals have become essential to the development process. Real estate professionals today thus need flexibility to practice across sectors while ensuring financial viability.

The REP program prepares graduates to seek employment in the field by complementing one of the core competencies of Pratt Institute education in the design and development of the built environment. The Pratt School of Architecture is a key setting for educating future real estate development professionals because of the interdisciplinary character of its programs. Students in the REP program will gain in-depth understanding of the core knowledge areas of real estate development practiced across the country and will develop interdisciplinary collaborative skills within the School of Architecture academic community.

Learning Objectives

  • Students will be able to apply the core disciplines in real estate to develop, invest, and finance housing and urban development projects.
  • Students will have practical project management skills applicable to the real estate development process.
  • Students will develop theoretical and practical knowledge of real estate practice.
  • Students will have an area of concentration that builds on the foundational building blocks of real estate development, investment, and finance.
  • Students will be familiar with the structures of public/private partnerships, mission-driven real estate practice, and sustainable development.
  • Students will have professional experiences as part of their coursework to develop high-quality development proposals, feasibility analysis, and other reports and presentations.
  • Students will develop a network consisting of students, professors, and real estate professionals to facilitate transitions from academia to the workforce, as well for ongoing professional relationships as careers develop.

Which department am I in?

School of Architecture

Study options

Full Time (36 credit hours)

Tuition fees
US$49,600.00 per year
Start date

Expected August 2023

Venue

Manhattan Campus

144 West 14th Street,

NEWYORK,

New York,

10011, United States

Entry requirements

For students from United States

Applicants to graduate programs at Pratt must have received a four-year bachelor's degree from an institution in the US that is accredited by a recognized regional association or have been awarded the equivalent of the U.S. bachelor's degree from an international institution of acceptable standards.

For international students

Applicants should have a bachelor's degree in business, architecture, construction management, engineering, or interior design. Applicants in other fields are eligible but may be required to take non-credit courses in building technology unless they have acquired equivalent knowledge through non-academic experience.

TOEFL score of 79 (internet and home test), TOEFL ITP Plus for China of 550, IELTS of 6.5, Duolingo of 105, or PTE of 53 is required. Admission is for fall and spring term.

*There may be different IELTS requirements depending on your chosen course.

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