2024 Winter Issue of Urban Land - 109

NYU SCHOOL OF PROFESSIONAL STUDIES-SCHACK INSTITUTE OF REAL ESTATE
PROGRAM CONTACT
INFORMATION
NYU School of Professional Studies
Offi ce of Admissions
212-998-7100
sps.gradadmissions@nyu.edu
For specific program information:
schack.advising@nyu.edu
sps.nyu.edu/schack
PROGRAM TITLE AND OVERVIEW
The NYU School of Professional Studies (NYUSPS) Schack
Institute of Real Estate offers cutting-edge, globally focused
curricula, including a real estate bachelor's degree, real estate
and real estate development graduate degrees, a construction
management graduate degree, real estate continuing
education, and real estate executive education. All programs
focus on experiential learning and are taught by leaders in
academia and seasoned real estate professionals. The Schack
Institute provides unsurpassed networking opportunities
through direct connections within the real estate industry,
and world-renowned conferences, internships, and guest
speakers.
ANNUAL TUITION AND FEES
Cost per graduate credit: $2,325.
Registration fees vary based on the
number of hours enrolled.
Per-semester tuition for full-time (12-18
credits a semester) undergraduate tuition
is $29,084.
Non-degree open enrollment courses
and certificate tuition varies. Please see
website.
MS in Real Estate-A graduate program focused on
commercial and institutional real estate and finance.
Concentrations in Finance and Investment, and Asset
Management are offered. Students are provided with both
the fundamental knowledge and the advanced analytical skills
required for success. The program integrates theory, realworld
application, and practice-based immersion in all phases
of real estate-from initiating and analyzing to negotiating,
financing, and closing the transaction. Students enrolled in
the MSRE program may apply for the Hirsh Fellows Program,
a highly specialized one-year academic co-curricular cohort
experience.
MS in Real Estate Development-A graduate program
focused on the development business and on entrepreneurial
real estate activities. The program provides students with
the knowledge and the skills to find creative, sustainable
solutions for the issues confronting real estate development
professionals-from planning and design to land use
and environmental regulations. The program emphasizes
entrepreneurship, sustainable practices in construction and
development, advanced finance, public/private partnerships,
and global development. Concentrations in the Business
of Development, Global Real Estate, and Sustainable
Development are offered.
MS in Construction Management-A graduate program
focused on the construction process and management of
projects that provides students with the expertise needed to
effectively lead a construction project or business. Course
work covers estimating, cost control, risk, new technologies,
project planning, scheduling, negotiation, and labor relations,
in addition to examining contracts, and building essential
skills in bidding, negotiation, and dispute claims.
BS in Real Estate-The undergraduate degree prepares
students to understand the basic elements of real estate
within the urban landscape. This undergraduate real estate
degree builds upon a solid liberal arts core and business
foundation. Under the guidance of a distinguished faculty of
prominent professionals in the real estate industry, students
acquire knowledge of cutting-edge trends in real estate
finance, real estate law, real estate economics, and market
analysis, as well as key aspects of the real estate development
process, and asset and portfolio management.
DEGREE REQUIREMENTS
* MS in Real Estate and MS in Real Estate Development require
42 credit hours; the MS in Construction Management requires
36 credit hours. All graduate degrees are non-thesis and can
be completed full time or part time.
* The BS in Real Estate requires 128 credit hours to complete
(44-credit liberal arts core, plus 20 electives; 48 credits of real
estate curriculum, 4 credits of real estate electives, and 12
credits in a real estate concentration).
ADMISSION REQUIREMENTS
For all graduate programs:
* A complete online application.
* A current résumé.
* A statement of purpose.
* Two letters of recommendation.
* Official transcripts from all colleges or universities attended.
* 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 English. For the TOEFL,
NYUSPS recommends that the applicant achieve a minimum
score of 110 on the internet-based test. For the IELTS, a
minimum overall band score of at least 7 is recommended. In
addition to submitting TOEFL scores, 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.
* A $150 application fee.
* Standardized test scores such as the GRE, GMAT, or LSAT are
not required upon submission of an application. However, the
Admissions Committee reserves the right to request a test
score for additional review of academic potential.
STUDENT DEMOGRAPHICS
Students in the Schack Institute of Real Estate graduate
programs come from across the United States and around
the world to acquire a stellar NYU education in real estate.
Programs are a mix of full-time students and those who
choose to complete their degree on a part-time basis. The
programs are flexible for working students in New York City
and full-time students seeking to complete a degree in as
little as 12 months. The undergraduate degree program is
specifically designed for students who want to study full time
during the day. The non-degree certificate and continuing
education courses are primarily online and taught with live
synchronous instruction.
ADDITIONAL PROGRAM/CAMPUS DETAILS
The majority of graduate courses are offered at the Bryant
Park-Midtown Center, with classes offered in the evening,
daytime, and online. Schack Institute students benefit
from a diverse array of opportunities to study abroad
in countries around the world. These trips build their
experience and broaden their horizons on an international
level. The undergraduate real estate classes are primarily
offered in and around the NYU Washington Square campus.
The Schack Institute presents many of the top real estate
industry conferences in the world, including the Annual
Conference on Capital Markets in Real Estate, the REIT
Symposium, the Sustainable Real Estate Conference, and the
National Symposium of Women in Real Estate. The Schack
Institute also is home to the Center for the Sustainable Built
Environment, the REIT Center, and the Urban Lab.
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http://sps.nyu.edu/schack
2024 Winter Issue of Urban Land

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