Real Estate MS


Learn more about the Master of Science in Real Estate.

About the Program

Real estate is the currency for inclusive economic development, navigation of rapid technological and social change, and reconfiguration of built space that determines the future prosperity of our nation. The Master of Science in Real Estate (MSRE) is designed to elevate the future success of experienced professionals, entrepreneurs and business leaders as they gain new insights into creating value and “blue ocean” real estate strategies for today’s marketplace.

The MSRE program exposes students to all phases of the real estate industry, with an emphasis on optimization of assets, infrastructure development and finance, valuation, development and advanced financial modeling skills, to provide a tangible technological and intellectual advantage in the traditional brokerage-dominated industry. Courses maximize peer-to-peer learning through case studies, class activities and real-world case problems through collaborative experiential learning.

The MSRE program is designed for businesspeople, professionals (accounting, architecture, engineering, healthcare, law, management consulting), commercial and residential lenders, developers, industry professionals, institutional capital markets participants, and government leaders seeking to:

  • Obtain access to extraordinary networking opportunities inside and outside of the classroom with real estate professionals and business leaders from around the world.
  • Embrace the rapid pace of technological change to become leaders in the real estate industry through valuing, developing, optimizing and delivering real estate investment returns and development impact.
  • Master skills in the use of current and future technologies adopted by the real estate industry, such as AI, AR (augmented reality), ArcGIS, Argus and XLS.
  • Obtain a master’s degree from a leading business school, while also gaining invaluable credit toward industry designations that elevate job prospects.

Another major goal of the MSRE program is to develop the next generation of real estate professionals who are passionate about delivering social and economic impact, while also building more diversity and inclusion in our communities. Temple University is in an ideal market position, both geographically and strategically, to enhance future diversity goals of real estate firms through mentorship and creating a more robust talent pipeline of women and persons of color within the real estate industry.

Time Limit for Degree Completion: 6 years

Campus Location: Online. Each course is delivered online over a five-week term.

Full-Time/Part-Time Status: Part-time students are able to complete the degree program in about 18 to 24 months.  

Affiliation(s): Research interests of Fox faculty are supported by numerous centers and institutes throughout the Fox School and Temple University.

Accreditation: The MS in Real Estate is accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

Job Prospects: The Fox Center for Student Professional Development (CSPD) provides students with career coaching and professional development resources that support the job search. Graduates develop industry-matched skills in real estate that distinguish them for employment in the field. Professors teaching MSRE courses are also integral in providing networking opportunities for students for maximum impact and outcomes.

Licensure/Certification: The MSRE program is structured so graduates receive educational credits from their MSRE coursework toward qualifications and requirements for earning such designations as Accredited Appraiser Canadian Institute (AACI™), Certified Commercial Investment Member (CCIM), Certified Economic Developer (CEcD), Certified Property Manager® (CPM®), Counselor of Real Estate® (CRE®), Royal Institution of Chartered Surveyors Fellow (FRICS), Member of Appraisal Institute (MAI), Master of Corporate Real Estate (MCR), Society of Exchange Counselor Member (SEC), and Society of Industrial and Office Realtor (SIOR).

Non-Matriculated Student Policy: Students are not allowed to take classes under non-matriculated status unless registered for a certificate program.

Financing Opportunities: Citizens and permanent residents of the United States are considered domestic students and are typically eligible for federal student loans and alternative loans through private lenders. The Fox School grants 5% tuition scholarships to alumni who are admitted to the program.

Admission Requirements and Deadlines

Application Deadline:


  • December 15 – Early Admissions Deadline
  • March 1 – Scholarship Deadline 
  • June 30 – Final Deadline


  • August 1 – Early Admissions Deadline
  • November 1 – Final Deadline

Applications are reviewed as they are received and will be considered after the deadline.

APPLY ONLINE to this Fox graduate program. Note that this part-time online program does not qualify students for F-1 visa status.

Letters of Reference:
Number Required: 2

From Whom: Academic references and/or professional references from an immediate supervisor, current or past, are accepted.

Coursework Required for Admission Consideration: Applicants must demonstrate completion of coursework in Accounting, Finance, Micro/Macroeconomics and Statistics with a grade of "B" or better earned. 

Bachelor's Degree in Discipline/Related Discipline: The equivalent of a four-year U.S. baccalaureate degree from an accredited university or college is required. For three-year degrees, mark sheets must be evaluated by WES or another NACES organization.

Statement of Goals: Essay prompts can be found in the online application portal.

Standardized Test Scores:
GRE/GMAT: Scores may be requested based on the applicant's academic and/or professional background. Candidates with an undergraduate GPA below 3.0 are required to submit valid GMAT or GRE test scores. Consult an admissions advisor with any questions.

Applicants who earned their baccalaureate degree from an institution where the language of instruction was other than English, with the exception of those who subsequently earned a master’s degree in a country where the language of instruction is English must report scores for a standardized test of English that meet these minimums:

  • TOEFL iBT: 90
  • IELTS Academic: 7.0
  • Duolingo: 110
  • PTE Academic: 68

Resume: Current resume or CV is required.

Transfer Credit: Transfer credit is not accepted for the Real Estate MS degree.

Program Requirements

General Program Requirements:
Number of Credits Required Beyond the Baccalaureate: 30

Required Courses:

LGLS 5103Real Estate Law and Practice3
RE 5101Real Estate Finance and Capital Markets3
RE 5102Enterprise Real Estate Asset Optimization3
RE 5104Real Estate Development, Construction, and Design3
RE 5105Real Estate Valuation and Market Analysis3
RE 5106Infrastructure Development and Sustainability3
RE 5107Inclusive Economic Development and Place-Making/Real Estate Innovation3
RE 5108Affordable Housing Development and Finance3
RE 5109Institutional Investment Management3
RE 5151Real Estate Integrative Analysis3
Total Credit Hours30

Culminating Event: Successful completion of coursework is required to earn the MS in Real Estate degree.


Program Web Address:

Department Information:

Fox School of Business and Management

1801 Liacouras Walk

701 Alter Hall (006-22)

Philadelphia, PA 19122



Fax: 215-204-1632

Submission Address for Application Materials:

Department Contacts:

Academic Director:

David Wilk, CRE, MAI, FRICS


Specialized Master’s Programs Coordinator:

Rachel Carr

Senior Associate Director for Specialized Master’s Programs