Master of Real Estate Program - Texas A&M University

MASTER OF

REAL ESTATE

SOLID FOUNDATION, COMMERCIAL REAL ESTATE The Master of Real Estate (MRE) is an industry-renowned, cohort-based program designed to prepare undergraduates from many disciplines for the multifaceted world of commercial real estate. The curriculum provides students with a solid foundation in finance, real estate law, economics, market analysis, and negotiations.

By participating in real estate organizations, pursuing professional internships, and interacting with executive speakers and members of the Mays Real Estate Advisory Board, students will develop a fundamental knowledge of commercial real estate to immediately add value in the marketplace.

PROGRAM HIGHLIGHTS The MRE program draws upon its strong ties to the professional real estate community, as well as the powerful Aggie Network, to successfully place their students in industry positions. Graduates have built successful careers at companies as diverse as CBRE, Deloitte, Goldman Sachs, JPMorgan Chase, LaSalle Investments, MetLife, USAA, and Valbridge.

ACCESS TO THE LATEST RESEARCH With easy access to researchers and the latest data from the nationally recognized Texas A&M Real Estate Center, MRE students can advance their industry education and stay ahead of market trends.

PROFESSIONAL DESIGNATIONS Coursework in the MRE program is accepted for professional designations at many organizations, enabling graduates of the program to obtain credentials and establish themselves more quickly as commercial real estate experts. Designations include: • Member of the Appraisal Institute (MAI) designation • Certified Commercial Investment Member (CCIM) designation

PREPARING FOR A CAREER IN THE REAL ESTATE INDUSTRY Mays Business School’s Graduate Career Management Center (CMC) offers students one-on-one coaching and consulting to support the development of effective lifelong career management. The center guides students in creating an individual career management plan that integrates the students’ career goals with their knowledge, skills, and experience.

CMC provides a number of additional services and resources: • Development of networking skills

• Résumé writing assistance

• Online career resources

• Negotiation coaching

• Interview practice with mock interviews

• Career management workshops

MAKE A REAL-WORLD IMPACT To advance the world’s prosperity means providing a better future for generations who follow, including quality of life, environment, and economic systems. To fulfill this vision, our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders.

By applying the skills, knowledge, experiences, and contacts acquired in the MRE program, graduates will be able to shape the world of business in a variety of ways: • • • • •

Creating value through commercial property development Helping small businesses lease or acquire property Managing the real estate investment portfolios of large corporations Assisting real estate investors in achieving solid returns Securing competitive loans for real estate owners

“Lacking a background in finance inspired me to pursue the Master of Real Estate.

The courses are challenging but valuable and necessary to propel our careers.

The cerebral coursework lays the foundation for the program, but it is the salient leadership within the faculty and comradery of the students that elevates us to a top program in the country.”

Brett Balda

MRE December ’19

CURRICULUM MRE is an interdisciplinary, non-thesis graduate program that delivers the following curriculum over the course of 16 months:

Fall intake core courses ELECTIVE

Mini-Mester

Summer Internship

FINC 678

FINC 684

Real Property Analysis

Total: 1 hour

Total: 3 hours

FINC 671

Spring courses

Real Estate Analytics

FINC 670

Opportunities in Real Estate

FINC 673

AGEC 603

Land Economics

Real Property Valuation I

FINC 676

Commercial Real Estate Law Total: 13 hours

FINC 671

Opportunities in Real Estate

FINC 672

Real Property Finance

FINC 675

Professional Internship

Fall courses FINC 677

Real Estate Development Analysis

ELECTIVE 1 ELECTIVE 2 Total: 9 hours

Analysis of Real Estate Investment Decisions Total: 11 hours

Electives

Electives can be taken based on availability to enhance each individual’s degree plan. Courses listed are samples and may or may not be available at the time of registration.

MGMT 637

MGMT 639

LDEV 664

LDEV 667

Entrepreneurship Negotiations

Market Analysis for Development

FINC 647

Financial Statement Analysis

LDEV 661

Development and the Environment

Design and Development Economy

“While I thoroughly enjoyed my time and learning while obtaining my undergraduate degree at Texas Tech, the MRE program at Texas A&M exposed me to an unmatched level of real estate knowledge, networking, and curriculum that has allowed me to secure a job at a top notch real estate firm.”

Joseph Elder

MRE December ’18

DIVERSE CAREER OPPORTUNITIES Graduates pursue a wide variety of careers with many of the industry’s leading organizations.

REAL ESTATE DEVELOPMENT Caldwell Companies, D.R. Horton, Friendswood, Greystar Realty, Trammell Crow, Valencia Hotels INVESTMENT AND ASSET MANAGEMENT American Campus Communities, Camden Property Trust, Hines, Hunt Realty, Invesco Realty Advisors, LaSalle Investment Management, MetLife, Prologis, Texas Teachers, USAA Real Estate Company LENDING AND CAPITAL MARKETS Bank of America, Barings, Citibank, Goldman Sachs, Fannie Mae, HFF, JP Morgan, Wells Fargo

COMMERCIAL BROKERAGE INDUSTRY Avison Young, CBRE, JLL, Marcus & Millichap, Stream Realty VALUATION Colliers, Cushman & Wakefield, Integra Realty Resources, Popp Hutcheson, Thompson Reuters CORPORATE REAL ESTATE ExxonMobil, Halliburton, HEB, Walmart Realty CONSULTING Altus, Alvarez & Marsal, Booz Allen, Deloitte Financial Services, Ernst & Young LLP

“My intent in entering the Master of Real Estate program was to obtain a foundation of commercial real estate fundamentals.

What I left with was so much more – friendships that will last a lifetime, personal and professional relationships that have provided support and collaboration throughout my career and an association that opens doors no matter where I am located.”

Amy F. Broadhurst, MRE ’07, SIOR, CCIM Vice President, CBRE Advisory & Transaction Services, Pittsburgh, PA

TUITION AND FEES

TARGET CLASS PROFILE

The MRE program is priced competitively with similar programs across the United States. Resident tuition and fees are estimated at $31,000 for 16 months.

AVERAGE GMAT: 575

*This amount does not include books, living, or other incidental expenses and is subject to university changes.

CLASS SIZE: 35–45 AVERAGE GRE: 310 AVERAGE UNDERGRADUATE GPA (LAST 60 HOURS): 3.40

For the latest about tuition and fees, visit sbs.tamu.edu.

SCHOLARSHIPS, FELLOWSHIPS, AND FINANCIAL AID All admitted students, both domestic and international, are eligible for a limited number of program, departmental, college, and university-level scholarships and fellowships.

Financial aid information is available through the Texas A&M Office of Financial Aid at financialaid.tamu.edu. A current FAFSA should be on file with the university to be considered for financial aid.

ADMISSIONS CRITERIA Spring and fall admission to the program is based on an assessment of the following elements: • Demonstrated leadership and academic potential • Strong academic performance in the last 60 hours of undergraduate coursework • Letters of reference • Honors, awards, and activities

• Competitive GMAT or GRE score (GMAT is required for all international applicants) • Relevant work experience (recommended, but not required) • Performance during personal interview

REQUIRED MATERIALS Candidates must submit the following application materials to be considered: • Online application, which includes an application fee • Three letters of recommendation • Professional résumé • GMAT or GRE score • Essay questions • TOEFL scores (international students)

• Scanned copies of transcripts (official transcripts are required once admission offer is accepted) • Transcript evaluation from wes.org for all applicants from international universities

Program and admissions information can be found online at mays.tamu.edu/master-of-real-estate.

DEADLINES The MRE program is currently admitting qualified students for the fall and spring semesters.

For the latest deadlines, visit mays.tamu.edu/master-of-real-estate.

Master of Real Estate students alongside Mays Business School namesake, Lowry Mays.

Unparalleled JOB PLACEMENT

JOB PLACEMENT The MRE program draws upon its strong ties to the professional real estate community, as well as the powerful Aggie Network, to achieve successful job placement for our graduates.

Commercial real estate is an increasingly complex, highly competitive, and fastpaced industry. To build a successful career, professionals must possess the knowledge, skills, and connections to stay apprised of trends, tap into the latest research, and navigate the changing economic climate.

In just sixteen months, the Master of Real Estate program prepares students to become transformational leaders in a rapidly changing and accelerating industry. In advancing the world’s prosperity, it is important to create a connected,

sustainable, and integrated society where technological advancements and commercial innovation can help companies prepare for a dynamic future.

Graduates of the program have secured a wide range of professional positions from leading companies across the commercial real estate spectrum— from developing and valuing to owning commercial real estate properties.

TOP EMPLOYERS Altus Barings CBRE HFF JP Morgan Wells Fargo

Master of Real Estate Angela Degelman | 979-845-4858 Program Coordinator adegelman@mays.tamu.edu