MS in Real Estate


The 42-credit MS in Real Estate program offered by the NYU School of Professional Studies Schack Institute of Real Estate integrates theory, real-world application, and practice-based immersion in all phases of real estate—from initiating and analyzing to negotiating, financing, and closing the transaction. Courses examine, in detail, the breadth and depth of the various real estate disciplines, including development, finance, investment, valuation, project management, law, market analysis, digital imaging, and economics. Topics range from analyzing and financing to managing and owning.

Program Structure

Core Courses

The core curriculum is designed to provide you with a deep and broad foundation that supports concentration coursework and serves you throughout your career.


To complete their course of study, students are required to complete a capstone course to demonstrate their comprehension of all prior courses undertaken in the program.


The program offers concentrations that allow you to tailor your curriculum and specialize in a particular field of the real estate industry.

Elective Courses

Select a combination of courses with permission from the program director.

Core Curriculum

The core curriculum is designed to provide you with a deep and broad foundation that supports concentration course work and serves you throughout your career. Students are required to take all of the following courses.

Core Curriculum: Tier 1

Students are required to take all courses listed below. Tier I courses lay the groundwork for understanding the legal and accounting environment in which transactions take place, as well as the macro forces underlying current and future demand of the various forms of real estate.

Core Curriculum: Tier II

Students are required to take all courses listed below. In Tier II courses, students learn the fundamentals of corporate finance, and how to analyze demand for a particular property type at a specific location. The Development Process course examines every phase of the process, from proposal through contracts to project completion. Students also learn to develop their negotiating skills and to explore the range of options within the arena of dispute resolution, including mediation and arbitration.

Core Curriculum: Tier III

Students are required to take the course listed below. In Tier III, students acquire a solid grounding in the broader public equity and debt markets, and learn the financial analysis and cost of capital metrics that are employed on Wall Street. The course work examines the world of securitized real estate and the global capital markets.


Students are required to select courses in any combination of the following: (a) from the list below, (b) from a course(s) within another concentration in this program or (c) with permission from the Program Director, from a course(s) from the M.S. in Construction Management degree program. Please note that not all courses are offered every semester.


Students select one of the following concentrations.

Finance and Investment

This concentration provides you with an in-depth understanding of real estate finance and investment.

Real Estate Asset Management

This concentration provides you with the practical, hands-on skill set to evaluate, acquire, and manage institutional and family-owned real estate portfolios. 

Admissions Criteria

We carefully weigh each component of your application during the admissions review process to evaluate your ability to benefit from and contribute to the dynamic learning environment and the challenging curriculum that the School offers.

Application Deadlines

Fall Semester

Priority:   January 15

International Final: April 1*

Domestic Final: July 1

Spring Semester

Priority:   September 15

International Final: October 1

Domestic Final: November 30

Summer Semester

International Final: March 1

Domestic Final: March 1

Required Documents

Personal Statement


Two Letters of Recommendation

Standardized Tests (If required by Admissions team)


We require transcripts from all institutions where college credit was received.


For Academic Year 2020-2021

Application Fee $150

Tuition depends on the number of credit hours a student enrolls in each semester. A part-time student taking 6 credit hours is billed $13,778 for tuition and fees for a semester. A full-time student taking 12 credit hours is billed $22,699 for tuition and fees for a semester. For a full breakdown of tuition and fees visit the Bursar's website.

Language Proficiency

TOEFL scores are required for applicants who did not complete an undergraduate degree in the United States or in a country where the only primary language is not English.  Successful candidates achieve a minimum score of 110 on the Internet-based test.

For the IELTS, a minimum overall band score of at least 8 is recommended.

NYUSPS does not prohibit applicants with lower TOEFL/IELTS scores from applying for admission since many factors influence the admissions decision. 

Pearson Versant English Placement Test (VEPT)

If an international applicant has not achieved the minimum scores as described above, they are required to participate in the VEPT, a 50-minute online test that evaluates English language proficiency.

Financing Your education

Click the link below to find important information regarding the federal aid process, NYU School of Professional Studies (NYUSPS) department and divisional scholarships, private loans, and the NYU payment plans.