Skip to content
COVID-19 Updates and Resources
MRED

Master of Real Estate Development

Master of Real Estate Development-MRED

MRED students touring Queen Center City in Charlotte, NC.

The Master of Real Estate Development Program provides students with a transformative learning experience and environment as part of an applied, interdisciplinary approach. Clemson University’s Master of Real Estate Development program is a full-time, 56-credit program that can be completed in either 18-months for Entry Level Early Career Students or 12-months for Experienced Development Professionals. We were the first graduate real estate development program in the nation that is a joint degree between an architectural and a business college, with required classes in MBA/Finance, Law, Construction Science & Management, Architecture, City & Regional Planning and Real Estate Development. Our students are offered what MBA real estate specializations include—and so much more!

The MRED Program’s holistic selection process seeks to identify students who are:

  • analytical in orientation;
  • entrepreneurial in mindset;
  • diverse in background;
  • engaging in the way they interact with others;
  • committed to their personal and professional goals.
  • Overview

    The Master of Real Estate Development Program at Clemson University prepares students to become champions of responsible development and sustainable growth, within the context of economic feasibility and value creation. This is accomplished by providing students with robust and interdisciplinary training that encourages them to explore the multiplicity of factors influencing the development of the built environment. Applied and practical in its orientation, the MRED Program focuses on familiarizing students with best practices in the real estate development industry, and on empowering them to put those best practices to work in different settings.

    Students who complete the curriculum should be able to:

    • Engage in high-level quantitative and qualitative analysis to make informed real estate development decisions;
    • Evaluate the economic, environmental and social implications of various types of real estate development projects;
    • Collaborate with individuals who have diverse academic and professional backgrounds spanning the disciplines of architecture, construction, finance and urban planning;
    • Ascend to leadership positions in real estate development firms who work at the regional, national and international level.
  • Program Goals

    The MRED program seeks an interdisciplinary student body that has academic credentials and the capacity to pursue entrepreneurial endeavors. We have a holistic selection process that requires students to demonstrate exceptional track records in undergraduate study, work experience, and professional endeavors. We evaluate the person’s whole record of performance and entrepreneurial ability for an interdisciplinary graduate level program. To maintain the personal scale of the program, entering classes are kept to fewer than 30 students per year.

    Students who join the MRED Program can expect:

    • a curriculum closely aligned with the core values of the Urban Land Institute;
    • a cohort-based education model bringing together a talented and diverse group of individuals;
    • small classes and supportive faculty who believe in providing individualized education;
    • an abundance of experiential learning activities that complement work done in the classroom;
    • professional development opportunities at national conferences and networking events;
    • opportunities to engage with highly respected real estate practitioners and academics.
  • Admission Requirements

    Admission to the Program

    Applications for the Master of Real Estate Development Program must be complete by the listed deadlines below to be considered. This can be found below.

    Application Deadlines
    • November 1: Priority Deadline for students who wish to receive an early decision for the summer cohort.
    • January 15-May 30*, all students in consideration for the summer cohort. 
    • Rolling admissions from January 15 through May 30.
    • Later applicants past the first and second round dates are accepted as seats are available.

    NOTE: This program is listed on the Graduate School application as MRED-RED-B (Real Estate Development).

    Application Requirements

    • Have completed a baccalaureate degree from an accredited U.S. or international college or university with a minimum GPA of 3.0 on a 4.0 scale (or international equivalent).
    • Submit a Graduate School application (See Graduate Application and Admissions FAQs).
    • The Graduate School requires a non-refundable application fee of $80 domestic or $90 international. 

    Application Supporting Materials
    All MRED degree seeking students must go through the full application process. The materials listed below should be submitted with an application.

    • Unofficial transcript(s) can be submitted with the online application in the unofficial category. Official transcripts are only required of applicants who are offered admission and intend to enroll. Review the Graduate School Supporting Materials page and/or the FAQs for information on application transcript submission and the difference between official and unofficial transcripts. Please also review the Graduate School's final official transcript policy.
    • Current Resume. Applicants should upload a current resume to the online application.
    • Interview. All applicants are required to have personal on-site interviews or via phone/video conference, prior to, or during application review.
    • Letters of Recommendation. Applicants will list the name and email addresses of three (3) references on the online application. The Graduate School will send recommendation forms to each reference to complete.
    • GRE/GMAT Scores (Clemson's Institution Code is 5111)
      • Beginning with the 2020-2021 admissions cycle, GRE or GMAT scores will not be required for applicants; however, are strongly recommended as supplemental documentation for students with a low GPA (below 3.0). Test scores may be self-reported as part of the application. Any test scores submitted will be evaluated with other supporting materials as part of a holistic review process. See median test scores by program here.
    • Personal Statement. Consider addressing the following topic(s) to submit with your application:
      • Interest in the real estate profession and the MRED program
      • Academic and professional preparation
      • Career goals
      • Vision for how your background and the MRED program meet your concept of real estate development and your future career
    Additional Requirements for the Experienced Development Professional (12-month) Sequence
    • Applicants for the 12-month sequence must submit a portfolio in addition to the online application.

    Additional Requirements for International Applicants
    • Submit TOEFL iBT, TOEFL Essentials, Duolingto English Test, IELTS, or PTE Academic (IETLS, TOEFL) or completion of ELS level 112 at an ELS Language School is required. Clemson's Institution Code is 5111. See the Graduate School's required test information.
  • Program Curriculum Requirements

    The Master of Real Estate Development program is a full-time, 56-credit program that can be completed in either 18-months for Entry Level Early Career Students or 12-months for Experienced Development Professionals. Experienced Development Professionals have the opportunity to exempt 15 credit hours through an interview, transfer courses, and portfolio documentation prior to admittance. 

    The MRED Program is a Second Summer Semester (SSII) start only and applicants are strongly encouraged to apply early and work with the Assistant Director of Student Services to process your application. Contact MRED Program Admissions for more details. Courses are primarily taught during the day, Monday through Thursday, between 8:30am-5:00pm. All courses are taught at Greenville ONE in downtown Greenville, SC. 

    Master of Real Estate Development (56 semester hours for Early Career Students)
    Master of Real Estate Development (41 credit hours for Experienced Development Professionals, with up to 15 credit hour exemptions)

    • Core Classes (50 hours):
      RED 8000 – Real Estate Development Process
      RED 8010 – Real Estate Market Analysis
      RED 8020 – Real Estate Development Field Tour Seminar
      RED 8030 – Public Private Partnership Development
      RED 8040 – Practicum in Residential Development
      RED 8050 – Practicum in Commercial Development
      RED 8100 – Real Estate Seminar Roundtable
      RED 8110 – Summer Internship in Real Estate Development
      RED 8120 – Real Estate Technology
      RED 8130 – Real Estate Development Strategic Planning
      RED 8150 – Construction Operations in Real Estate Development
      RED 8890 – Selected Topics: Intro to Accounting and Finance
      ARCH 8200 – Building Design and Construction Principles
      CRP 8020 – Place Making for the Built Environment
      LAW 8480 – Law for Real Estate Professionals
      MBA 8360 – Real Estate Principles
      MBA 8330 – Real Estate Investments
      MBA 8410 – Real Estate Finance

    • Elective (6 hours):
      Vary by semester.

      RED 8160 – Preservation Feasibility
      RED 8170 – Real Estate Mixed Use
      RED 8180 – Entitlements and the Pre-Development Process
      RED 8890 – Selected Topics: Advanced Financial Modeling

    All students must complete a practicum (RED 8040 and RED 8050). Non-MRED elective course(s) must be at the graduate level and chosen in consultation with a student’s advisor.

  • Tuition & Financial Information

    MRED tuition costs are substantially different from the University’s general cost structure. The cost of study and the cost of living make Clemson University one of the most reasonable options for graduate students anywhere in the country. The Clemson MRED program is assessed as a Premier Graduate Program. 

    TUITION COSTS
    MRED Program tuition is the same for in-state and out-of-state students.

    Entering Summer II 2021-2022:

    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 tours.

    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 tours.

    Term
    18-month 12-month
    Summer Session II $2,500 $2,500
    Fall Semester $17,500 $17,500
    Spring Semester $17,500 $17,500
    Mini & Summer Internship Included in Spring --
    Mini & Summer I -- $11,500
    Fall Semester (Second Year) $17,500 --
    TOTAL $55,000 $49,000

    Tuition and Fees
    Please visit the Graduate School's Tuition and Fees schedule and the Student Financial Services Tuition and Fee Calculator for detailed information. MRED is listed under "Other Graduate Student Tuition and Fees."

    Financial Aid
    For information regarding Financial Aid, please contact the office of Student Financial Aid.

    Additional Fee Related Items:

    • No graduate assistantships or related tuition reduction are currently available for this program.
    • Appropriate calculator, laptop, books, and other educational and living costs are additional.
    • Student Health Insurance* See all student insurance requirements at Redfern Health Center.
    • Students have the option to purchase a parking access card to the Richardson Street Garage. Students who wish tp purchase access should contact Greenville Parking Services to complete an application, submit payment and pick up their access card.
  • Additional Resources

    Greenville Housing and Apartment Resources

    Clemson University does not offer University housing in the Greenville area. The following housing guide is only meant as a resource - Clemson University programs are not responsible for student housing in Greenville. The apartments listed in this guide are not a comprehensive list of all housing options in Greenville; this list includes places where MRED Program and Greenville ONE students have lived/are living currently in Greenville as well as new apartments that are close to the downtown area. Also see additional information on the Graduate School's Off-Campus Housing Resources as part of the New Student Checklist. It is recommended that you research the Greenville area and where you want to live in relation to Clemson's Greenville location at 1 North Main Street, Greenville, SC, 29601.

  • Learn More
    For more information regarding the program or questions associated with applying to this program, please contact Amy Matthews Herrick, Assistant Director of Student Services, at matthe3@clemson.edu or 864-656-4257.
Master of Real Estate Development
Master of Real Estate Development | 1 North Main Street Greenville, SC 29601