PROGRAM SNAPSHOT:
Real estate at W. P. Carey

Program snapshot:

“Teaching students to be socially and environmentally responsible community builders while they learn how to make a profit and grow a community is more important than ever,” says Mark Stapp, Fred E. Taylor Professor of Real Estate. “Real estate knowledge can help solve critical affordability issues, ensure continued quality growth, and avoid another Great Recession.”

The Division of Real Estate at W. P. Carey addresses the complexity of the field and its far-reaching effects on our communities and economy.

The nine-month W. P. Carey Master of Real Estate Development (MRED) program offers an innovative, transdisciplinary, collaborative approach involving four ASU schools: the Sandra Day O’Connor College of Law, the Herberger Institute for Design and the Arts, W. P. Carey, and the Del E. Webb School of Construction. Students work closely in class and on required projects. They have access to leading professional organizations and their members. They can consult with the W. P. Carey Real Estate Advisory Board and join a robust alumni network of MRED graduates working in and leading the global real estate development industry.

“The real estate business is a complex web of interrelated disciplines and activities. The value in a master’s degree is learning how to manage these and equally cultivate the connections you make,” says Stapp, executive director of the MRED program. “Our faculty work on projects nationwide, and they influence major developments in one of the largest cities in the U.S., where many of our students will compete for jobs.”

The graduate certificate in real estate encompasses foundational courses, including valuation, investment, finance, law, and development. This certificate complements non-business ASU master’s degree programs, such as architecture, construction management, and planning. “We saw a need for a flexible, convenient program to provide an overview of the real estate development process for those involved in related fields and professionals who want to expand their horizons,” explains Stapp.

The minor in real estate offered by the Department of Finance complements students’ primary study area, whether they’re pursuing a major at W. P. Carey or another ASU college. It consists of real estate fundamentals, law, appraisal, and land development and enhances students’ understanding of another vital aspect of business and finance. W. P. Carey allied with Grambling State University, a historically Black university in Louisiana, to offer its students the real estate minor. “This is a creative way for ASU to use its resources to achieve important industry and community objectives,” says Stapp.

Underpinning the academic programs, the Center for Real Estate Theory and Practice provides valuable data, analytic insight, forecasts, market studies, and opinions about all development industry segments to address contemporary challenges in the real estate industry.

Visit wpcarey.asu.edu/real-estate to learn more.

Several important forward-looking political decisions have shaped the future of metro Phoenix coming out of the Great Recession and fostering billions of dollars of private investment. Two major examples include ASU’s expansion of its downtown campus and the light rail, says Mark Stapp, executive director of the Master of Real Estate Development program and the Fred E. Taylor Professor of Real Estate.

Several important forward-looking political decisions have shaped the future of metro Phoenix coming out of the Great Recession and fostering billions of dollars of private investment. Two major examples include ASU’s expansion of its downtown campus and the light rail, says Mark Stapp, executive director of the Master of Real Estate Development program and the Fred E. Taylor Professor of Real Estate.