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Goals & Objectives of MSRE

 

The MSRE program recognizes the complex, interdisciplinary nature of real estate and the capital-intensive commitments of resources associated with real estate decisions. The program also recognizes that real estate development decisions are often irretrievable commitments of resources that affect a particular property, and in the aggregate, the neighborhood area and market in which it is positioned. The overarching goal of the program is to train effective and responsible leaders who can help advance the discipline to promote more effective, efficient, economical, and socially responsible real estate decisions.

 

Effective leadership in this context can be characterized by high achievement in several areas including:

• balanced judgment and decision making skills;
• sensitivity to legal-political-social-ethical dimensions of problems;
• knowledge of the direct and indirect consequences of various real estate policies and practices, both individually and in the aggregate;
• ability to understand the financial viability of a project to attract sufficient investment capital and provide competitive, risk-adjusted returns;
• understanding underlying drivers of demand with emphasis on the goodness of fit between market demand and spatial offerings;
• ability to negotiate solutions that strike a balance among competing interests held by various constituencies;
• communication skills to effectively present a particular proposal or initiative,
• research techniques to understand and quantify effective demand and market conditions;
• teamwork skills to be able to manage interdisciplinary teams involved in the production and operation of real estate; and,
• leadership skills and techniques to effectively marshal resources and achieve desired end results.

 

Goal 1	Provide a sound theoretical foundation and research skills to support real estate decision making
Goal 2	Cultivate pragmatic, applied decision-making skills that capture best-practices among real estate and closely related disciplines with respect to real estate
Goal 3	Develop an understanding of the legal, political and social context within which real estate resource allocation and utilization should be made
Goal 4	Develop leadership skills to help advance the industry and achieve support for recommendations