2023 Winter Issue - 133

NYU SCHOOL OF PROFESSIONAL STUDIES-SCHACK INSTITUTE OF REAL ESTATE
PROGRAM TITLE AND OVERVIEW
Since its founding more than 50 years ago, the NYU School of
PROGRAM CONTACT
INFORMATION
NYU School of Professional Studies
Office of Admissions
212-998-7100
sps.gradadmissions@nyu.edu
For specific program information:
schack.advising@nyu.edu
sps.nyu.edu/schack
ANNUAL TUITION AND FEES
Cost per graduate credit: $2,325.
Registration fees vary based on the number
of hours enrolled.
Annual tuition for full-time (12-18 credits a
semester) undergraduate tuition is $29,084.
Non-degree open enrollment courses and
certificate tuition varies. Please see website.
Professional Studies (NYU SPS) Schack Institute of Real Estate
has served as the real estate industry's anchor in the academic
community. Its deep connections to industry leaders, nationally
renowned conferences, and continuously updated curriculum
provide students with the opportunity to gain an education and a
professional network that will serve them a lifetime. The master
of science degrees offered through the Schack Institute of
Real Estate address the needs of today's competitive global
environment by preparing graduates who are equipped with
the sophisticated technical proficiency, strategic thinking, and
leadership skills needed to be innovators in their fields. The
Schack Institute also offers an undergraduate bachelor's degree
in real estate and a dozen non-degree continuing education
certificates as well as hundreds of open enrollment courses in
the areas of real estate finance, investment, development, land
use, affordable housing, and construction.
MS in Real Estate-A graduate program focused on commercial
and institutional real estate and finance. Concentrations in Finance
and Investment, and Asset Management are offered. Students are
provided with both the fundamental knowledge and the advanced
analytical skills required for success. The program integrates
theory, real-world application, and practice-based immersion in all
phases of real estate-from initiating and analyzing to negotiating,
financing, and closing the transaction. Faculty members are
leading practitioners, who explore trends and address issues that
are relevant to the industry. Degree candidates become part of a
global network of more than 2,000 alumni around the world.
MS in Real Estate Development-A graduate program focused
on the development business and on entrepreneurial real estate
activities. Concentrations in the Business of Development, Global
Real Estate, and Sustainable Development are offered. The
program provides students with the knowledge and the skills to
find creative, sustainable solutions for the issues confronting
real estate development professionals-from planning
and design to land use and environmental regulations. The
program emphasizes entrepreneurship, sustainable practices in
construction and development; advanced finance; public/private
partnerships; and global development.
MS in Construction Management-A graduate program
focused on the construction process and management of
projects that provides students with the expertise needed to
effectively lead a construction project or business. Coursework
covers estimating, cost control, risk, new technologies, project
planning, scheduling, negotiation, and labor relations in addition
to examining contracts, and building essential skills in bidding,
negotiation, and dispute claims.
BS in Real Estate-The undergraduate degree prepares students
to understand the basic elements of real estate within the urban
landscape. This undergraduate real estate degree builds upon
a solid liberal arts core and business foundation. Under the
guidance of a distinguished faculty of prominent professionals
in the real estate industry, students acquire knowledge of
cutting-edge trends in real estate finance, real estate law, real
estate economics, and market analysis, as well as key aspects
of the real estate development process, and asset and portfolio
management.
DEGREE REQUIREMENTS
* The MS in Real Estate and the MS in Real Estate Development
require 42 credit hours.
* The MS in Construction Management requires 36 credit
hours.
* All graduate degrees are non-thesis and can be completed
full-time or part-time.
* The BS in Real Estate requires 128 credit hours to complete
(44 credit liberal arts core, plus 20 electives; 48 credits of real
estate curriculum, 4 credits of real estate electives, and 12
credits in a real estate concentration).
ADMISSION REQUIREMENTS
For all graduate programs:
* A complete online application
* A current résumé
* A statement of purpose
* Two letters of recommendation
* Official transcripts from all colleges or universities attended
* TOEFL scores are required for applicants who did not complete
an undergraduate degree in the United States or in a country
where the only primary language is English. For the TOEFL,
NYU SPS recommends that the applicant achieve a minimum
score of 110 on the Internet-based test. For the IELTS, a
minimum overall band score of at least 7 is recommended. In
addition to submitting TOEFL scores, if an international
applicant has not achieved the minimum scores as described
above, they are required to participate in the VEPT, a 50-minute,
online test that evaluates English language proficiency.
* A $150 application fee
* Standardized test scores such as the GRE, GMAT, or LSAT are
not required upon submission of an application. However, the
Admissions Committee reserves the right to request a test
score for additional review of academic potential.
STUDENT DEMOGRAPHICS
Students in the Schack Institute of Real Estate graduate
programs come from across the United States and around
the world to acquire a stellar NYU education in real estate.
Programs are a mix of full-time students and those who choose
to complete their degree on a part-time basis. The programs
are flexible for working students in NYC and full-time students,
seeking to complete a degree in as little as 12 months. The
undergraduate degree program is specifically designed for
students who want to study full time, during the day. The
non-degree certificates and continuing education courses are
primarily online and taught with live synchronous instruction.
ADDITIONAL PROGRAM/CAMPUS DETAILS
The majority of graduate courses are offered at the Bryant
Park-Midtown Center with classes offered in the evening,
daytime, and online. Schack Institute students benefit from a
diverse array of study abroad opportunities in countries around
the world. These trips build their experience and broaden their
horizons on an international level. The undergraduate real estate
classes are primarily offered in and around the NYU Washington
Square campus. The Schack Institute presents many of the
top real estate industry conferences in the world, including the
Annual Conference on Capital Markets in Real Estate, the REIT
Symposium, the Sustainable Real Estate Conference, and the
National Symposium of Women in Real Estate. The Schack
Institute also is home to the Center for the Sustainable Built
Environment, the REIT Center, and the Urban Lab.
2023 EDUCATION PROGRAMS URBAN LAND | 19
http://sps.nyu.edu/schack
2023 Winter Issue

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