Master of Real Estate Development (MRED)
In only nine months, the master's in real estate from ASU's W. P. Carey School of Business prepares you for the business of real estate. You’ll learn to lead real estate development projects that are environmentally respectful, socially responsible, and artfully designed. And engagement with motivated classmates, esteemed faculty, industry organizations, and deeply connected MRED alumni will expand your professional network and open the door to future opportunities.
Academics
The MRED program is a transdisciplinary partnership between four highly regarded schools within Arizona State University:
- The W. P. Carey School of Business
- The Sandra Day O’Connor College of Law
- The Herberger Institute for Design and the Arts
- The Del E. Webb School of Construction
The MRED brings together all four disciplines, giving you a well-rounded real estate development education — providing new perspectives and strengthening your decision-making skills. Three formal MRED synthesis projects cover the entire spectrum of development, from residential to mixed-use. Each synthesis project is presented to and evaluated by industry leaders and MRED faculty, providing you indispensable feedback.
In addition to the credibility of earning a transdisciplinary ASU master's degree, dedicated career coaching, resources, and events from the W. P. Carey Career Services Center will provide you more opportunities to meet with a broader range of employers and help you succeed long after graduation.
MRED fast facts
9 months
Program length
3 synthesis projects
Including a real-world capstone
No GMAT/GRE
scores required
98% of MRED alumni are satisfied
or highly satisfied with the program
Experience
The W. P. Carey MRED is community-centered — in more ways than one. In addition to focusing on the role of development projects within the context of their communities, the internal MRED community is built by relationships. Our students work closely together in class and on required projects, gain valuable access to leading professional organizations and the W. P. Carey Real Estate Advisory Board, and join a vital alumni network of MRED graduates working in and leading the real estate development industry.
Featured alumni stories
130,000+ W. P. Carey are leading the way worldwide
Here, featured W. P. Carey real estate alumni share their thoughts on ASU’s MRED program and what’s next in their field.
How to apply
Start your journey on the right foot: Join us for an upcoming event to learn more about the W. P. Carey MRED, and take note of application deadlines and application materials.
Attend an event
>> Check out our complete calendar of events
Application deadlines
Round I
Dec. 1, 2024
Round II (International priority)
Feb. 1, 2025
Round III (International final)
April 1, 2025
Round IV (Final)
July 1, 2025
Note: Applications for Fall 2025 admission will be accepted on a rolling basis until July 15, 2025.
Minimum estimated total program cost
The W. P. Carey School of Business offers one of the most affordable MRED programs ranked in the top 30 by U.S. News & World Report.
MRED
Estimated tuition and fees
Resident
$42,000
Nonresident
$66,000
International
$69,000
Paying for your degree is one of the most critical steps in your decision to go to business school. Work with us to find the right solution for you, whether it’s scholarships, graduate assistantships, or loans.
Learn more about how to pay for your degree
Career management
The W. P. Carey Career Services Center helps you tell your story through individualized support and targeted resources. Our dedicated team of experienced professionals will assist you in defining career goals, implementing job search strategies, and leveraging your degree.