Build your capacity to practice the business of real estate with a focus on public-private partnerships, community development, affordable housing and a commitment to achieving the “three E’s” of sustainability: economy, equity, and the environment.
Students will gain theoretical and practical knowledge and experience in the core disciplines of the real estate business including finance, investment, site development, land use regulations and law. You’ll become familiar with the tools needed to develop sustainable environments, renovate and manage facilities, procure infrastructure projects through public private partnerships and collaborations with community stakeholders.
Workforce Development
Pratt Real Estate faculty are owners of prestigious award winning Real Estate organizations and pride themselves on sharing with students their commitment and knowledge of the built environment. The Real Estate Practice program can be completed in three semesters of full-time study. All courses are offered late afternoon and evenings at the Pratt Manhattan campus.
Internship Opportunities
Alumni own and work for some of the most influential real estate development and historic preservation firms in the NYC area. Internships and job offers upon graduation are accessible. Students have the opportunity to gain work experience and careers provided by the following organizations:
JLL
CBRE
Savills
Corcoran
Tacibuc Partners
Phipps Houses
Cushman Wakefield
Goldman Sachs
JAL Real Estate LLC
Brown Harris Stevens
Horizon Realty Advisors
L&M Development Partners
Jonathan Rose Comparies
Monadnock Construction, Inc.
New York State of Opportunity
Homes and Community Renewal
JOE NYC, Joint Ownership Entity
Monarch Realty Group Holdings LLC.
Ascendant Neighborhood Development
Legacy Real Estate Development LLC
The Delaine Companies, NCV Capital
Belgrade Land Development Public Agency
Study Abroad
Immersing yourself in another culture is an incredible experience that can extend the boundaries of creativity. The Real Estate Practice Program has deep connections with the University of Applied Sciences, Kufstein, Tirol, Austria. Our students along with 200 other students, 13 coaches and 23 teams participate yearly in the Kufstein WinterSchool with the following universities: Frankfurt University of Applied Sciences, Holland University of Applied Sciences, Zurich University of Applied Sciences and ZUYD University of Applied Sciences.
Pratt’s distinguished faculty of outstanding creative professionals and scholars share a common desire to develop student’s potential and creativity to the fullest. Bringing different views, methods, and perspectives they provide a rigorous educational model in which students create and learn. Connect to all of our Real Estate Practice, Facilities and Construction Management faculty and administrators.
The Pratt Master of Science (MS) in Real Estate Practice provides students with theoretical and practical knowledge and experience in the core disciplines of the real estate business, as follows:
Real Estate Finance
Students will be immersed in the financial instruments available to develop and invest in real estate. They will gain a practical understanding of the connection between markets and trends in order to analyze the financial viability of real estate proposals. The program will focus on urban economics and public and private financing to develop and invest in housing and urban development.
Real Estate Development
Students will obtain the fundamental skills to serve as developers and project managers in housing and urban development within public-private partnership structures. They will have a sound understanding of the development process and of how to manage an integrated, multidisciplinary process with multiple interests. The program will focus on the evolving field of sustainable development to achieve triple-bottom-line objectives.
Real Estate Investment
Students will develop the capacity to move beyond the development of a single project and understand the risk and cost-benefit factors associated with real estate portfolio investment. They will acquire the foundational knowledge of real estate portfolio analysis and project risk factors in portfolio acquisitions and asset management. The program will focus on cost-benefit analysis of green, high-performance, and sustainable-development portfolio strategies.
Real Estate Law
Students will be grounded in the regulatory and legal parameters that directly affect the development of, and investment in, the built environment. They will have an understanding of zoning and land use, land law, public-private structures, and standard legal documents in real estate transactions. The program will focus on real estate development within the framework of effective public-private partnerships.
Students will be able to apply the core disciplines in real estate to develop, invest, and finance housing and urban development projects.
Students will have practical project management skills applicable to the real estate development process.
Students will develop theoretical and practical knowledge of real estate practice.
Students will have an area of concentration that builds on the foundational building blocks of real estate development, investment, and finance.
Students will be familiar with the structures of public-private partnerships, mission-driven real estate practice, and sustainable development.
Students will have professional experiences as part of their coursework to develop high-quality development proposals, feasibility analyses, and other reports and presentations.
Students will develop networks consisting of students, professors, and real estate professionals to facilitate their transition from academia to the workforce, and to provide ongoing professional relationships as careers develop
