Clemson

Real Estate Development

Information

Degrees Offered

Introduction

The Clemson Master of Real Estate Development Program (MRED) educates future professionals from diverse disciplinary perspectives in order for students to understand the complexities of the real estate development process and be poised to take leadership positions in the industry. Clemson’s MRED program provides students with the education and skills needed to produce vibrant, quality projects that respect environmental and economic sustainability, social consciousness, design excellence and financial feasibility within the risk-reward framework.

Located in the heart of the Southeast, our downtown Greenville, South Carolina location serves as an excellent student laboratory, emphasizing thorough knowledge of mixed-use, infill, and master-planned communities. Clemson’s MRED program provides the solid foundation that can prepare you to take your career to the next level.

The MRED Program is a full-time, 56 credit professional degree program jointly offered by the University’s Department of City Planning and Real Estate Development (CPRED) in the College of Architecture, Arts and Humanities and the School of Accountancy and Finance in the College of Business. The program can be completed in either 18-months for Entry Level Early Career Students or 12-months for Experienced Development Professionals. Providing an interdisciplinary approach, the program incorporates six disciplines:

  • Real Estate Development
  • MBA/Finance
  • City and regional planning
  • Architecture
  • Construction Science and Management
  • Law

The program focuses on the “master builder” concept, the methodology that promotes an entire vision for a community through sustainable design, creative financing methods, place-making and healthy communities. The program aims to help you become a visionary who is able to serve as craftsperson and designer of neighborhoods and community developments. You will recognize the role of the developer in guiding the different aspects of creating the built environment—political, economic, physical, environmental, legal and sociological.

We want you to be a great “place maker,” not just a builder of projects.

This program will consider applicants for conditional letters of admission (CLA’s) pending successful completion of ELS Language Center’s level 112 English as a Second Language (ESL) program. More information can be found on the ELS Conditional Admission page or by visiting the ELS Language Center website.

Handbook

More information can be found in this graduate handbook.

About

Program of Study

The Clemson MRED program closely follows the principles of the Urban Land Institute, which believes that development is a public-private partnership and that quality development requires integrating the perspectives of community, environment and economics. We believe knowledge cannot be bound by a classroom or individual area of concentration. Clemson MRED students use current development projects in the surrounding Southeastern states as well as major US cities as a living, breathing classroom for the ultimate immersion learning experience.  

  • The MRED Program is a full-time, 56 credit,professional degree program that can be completed in either 18-months for Entry Level Early Career Students or 12-months for Experienced Development Professionals..
  • The program requires a 10-week summer internship with a real estate business anywhere in the world.
  • A 10 day South Carolina Coastal Real Estate Development Field Tour (Minimester) is required during the summer.
  • A 5 day trip to ULI Fall Conference in an array of cities like New York, Chicago, Los Angeles, San Francisco, Miami and Washington, DC.
  • Extended trips to Charlotte, Atlanta and Nashville.
  • Weekly Real Estate Seminar Roundtables.
  • Capstone Classes–Two classes on commercial and residential development, with competitive MRED student teams that prepare a detailed feasibility analysis and proposal for real estate development sites in SC, Atlanta, or Charlotte. 

MRED classes emphasize the financial pro forma and the bottom line. Real estate is a capital-driven industry and developers must have a firm understanding of the workings of the capital markets, financial instruments and other financial parameters of valuation, including tax implications. Gap financing tools and techniques for public-private partnerships, including various tax credit and incentive programs, are thoroughly analyzed. Quality design and sustainability must be incorporated with realistic market and financial feasibility analysis to attract adequate sources of equity and debt financing.  

This interdisciplinary approach ensures that our graduates become visionaries, who guide the multiple perspectives that converge during the development and building process. The Clemson MRED student is an innovator who will dramatically shape the future of the industry.

We invite you to learn more by visiting our downtown Greenville ONE facilities for an interview and personal tour.  Please contact our Program Coordinator to set up a visit.

Facilities

We are located in the Greenville ONE Building at 1 North Main Street, the premier new mixed-use 400,000 sf. complex in the heart of downtown Greenville, South Carolina. We have joined other Business graduate programs (MBA, accountancy, management, marketing, and finance) in the ONE Building, occupying 70,000 square feet on four floors, including a 4,000 sf. rooftop garden overlooking Main Street for social events and student enjoyment. The mixed use, state-of-the-art building has a green roof as well as ground level upscale retail/food and adjacent new hotel and civic plaza, with plentiful parking. We have state of the art classrooms, offices, study and breakout areas, and our own library/conference room.  Greenville ONE is the tallest building in South Carolina with the LEED Gold Construction certification.  Greenville-Spartanburg (GSP) is a dynamic metro area of 1.4 million people located between the two major markets of Atlanta and Charlotte.

Our Students

Clemson MRED students come from a wide range of disciplines such as architecture, business, finance, engineering, urban affairs/planning, landscape architecture, construction science, economics, geography, environmental science, social sciences, accounting and marketing. Starting in 2004, the program has attracted 205 students from 38 states and 7 countries (Brazil, China, India, Iran, Saudi Arabia and S. Korea) from 88 collegiate institutions; 174 alumni are employed in 26 states (44 MSAs) and Asia. 

We have a strict selection process that requires students to demonstrate exceptional track records in undergraduate study, work experience and leadership endeavors. To maintain the personal scale of the program, entering classes are kept to fewer than 20 students per year. You are not an unknown number in our program!

Student ages have ranged from 20 to 50 when admitted. 28% have design/construction undergrad degrees, 48% from business/finance, and 24% from planning/government/social science.  All have some level of prior real estate experience.

Our students bring varied backgrounds and experiences with them when they embark on their MRED career. We believe that diversity enhances each graduating class and only serves to guarantee a rich and varied group of individuals primed to excel in the real estate development industry.

Applying

Application Information

  • Completed application DEADLINE: January 15 for consideration in first round admission review.
    Later applications are received on a rolling basis and may be accepted based on merit and available openings.
  • No specific bachelor’s degree is required for admission, although priority is given to those from related disciplines. 
  • Admission is allowed only in the second summer semester (SSII).
  • Applicants are required to have personal on-site interviews or a Skype interview. 

Required Documents

Financial

Tuition costs for the MRED program are different from the Graduate School fee structure; they are structured to ensure the financial commitment for the program’s national reputation and growth. No tuition waivers or reductions are provided.

  • Tuition is the same for in-state and out-of-state students.
  • Early Career Student – 18-Month: $55,000
    *This includes tuition for the Minimester tour class and the summer internship. The Minimester Tour class requires an additional $500 for travel expenses, including most meals. Other travel costs are covered to the ULI Fall Conference and various regional locales.
  • Experienced Development Professional – 12-Month: $49,000
    *Optional Minimester Tour class requires an additional $2,000 for travel expenses including most meals. Other travel costs are covered to the ULI Fall Conference and various regional locales.
  • Tuition is subject to Board of Trustee approval and compliance with all applicable laws and regulations.
  • Tuition Information By Term.

Contact


Program Contact(s)

  • Amy Matthews
  • Office: 1 North Main St., Greenville, SC 29601
  • Phone: (864) 656-4257
  • Email: matthe3@clemson.edu

Program Coordinator(s)

  • Amy Matthews
  • Office: 1 North Main St., Greenville, SC 29601
  • Phone: (864) 656-4257
  • Email: matthe3@clemson.edu
  • Robert Benedict
  • Office: 1 North Main St., Greenville, SC 29601
  • Phone: (864) 656-2476
  • Email: benedic@clemson.edu