Program Overview

Introduction to the Master of Science in Real Estate

The Master of Science in Real Estate at DePaul University is designed to equip students with the skills necessary to launch their careers in real estate investment analysis and finance. This program is ideal for both career changers and those already working in the industry who wish to deepen their skills. The MS in Real Estate provides a strong foundation for real estate industry leadership by immersing students in real-world projects with real Chicago companies.

Program Overview

For international students, this program is a STEM-designated program, which can qualify them to extend their post-graduation stay in the United States. The program leverages Chicago's rapidly developing real estate landscape as a classroom, pairing students with senior Chicago real estate executives for an inside look at various aspects of the real estate industry. Students also have the opportunity to participate in professional internships and seminars.

Application Deadlines

• Enrollment Quarter: Fall
  • Domestic Student Deadline: August 15
  • International Student Deadline: June 15
• Enrollment Quarter: Winter
  • Domestic Student Deadline: December 1
  • International Student Deadline: October 15

Admission Requirements

To apply, students must submit:

• An online application
• An essay explaining their interest in the program and professional goals
• A resume summarizing work experience and educational background
• Official transcripts from all degree-granting institutions attended
• Note: Not submitting all transcripts could impact course waivers
• Test optional: GMAT/GRE Scores
• Letters of recommendation are optional

Degree Requirements

The MS in Real Estate requires a minimum of 48 credit hours, normally 12 courses. This includes:

• Required Courses: 8 core courses
  • RE 527: Quantitative Methods and Analysis (or FIN 555: Financial Management)
  • RE 521: Legal Issues in Real Estate
  • RE 530: Real Estate Investment and Finance
  • RE 531: Real Estate Capital Markets and Finance
  • RE 533: Real Estate Market Analysis and Valuation
  • RE 535: Institutional Real Estate Investment
  • RE 570: Advanced Real Estate Analysis with ARGUS
  • RE 596: Real Estate Seminar
• Elective Courses: 4 electives, with at least two being RE courses
  • Options include:
    • RE 520: Urban Planning and Public Policy
    • RE 525: Real Estate Project Management
    • RE 572: Structuring Real Estate Transactions
    • RE 574: Multifamily Housing Policy and Finance
    • RE 576: Real Estate Development
    • RE 595: Applied Real Estate Security Analysis
    • Any Finance (FIN) Graduate Course
    • Any Graduate course outside of the Finance & Real Estate Department, with approval of the Real Estate Program Director

Additional Requirements

• Satisfactory completion of the college residency requirement
• All courses for credit toward the degree must be completed within six calendar years after the candidate's first term of enrollment in the Kellstadt Graduate School of Business
• Prerequisite courses are not approved for elective credit

Faculty and Alumni Network

Courses are taught by faculty who are leaders in real estate, including Reagan Pratt, the Douglas & Cynthia and Crocker Endowed Director of the Real Estate Center. Graduates of DePaul's MS in Real Estate hold high-level positions in both local and international real estate firms, joining one of the most well-respected real estate alumni networks in Chicago and beyond.

Scholarships and Financial Aid

Graduate school is an investment in the future. The Kellstadt Graduate School of Business awarded more than $3 million to incoming students last year. Students in the real estate program are also eligible for numerous industry-sponsored scholarships.