Real Estate Information Technology: Graduate Real Estate Programs: An Analysis of the Past and Present and Trends for the Future

By Weinstein, Margot; Worzala, Elaine | Journal of Real Estate Literature, September 1, 2008 | Go to article overview

Real Estate Information Technology: Graduate Real Estate Programs: An Analysis of the Past and Present and Trends for the Future


Weinstein, Margot, Worzala, Elaine, Journal of Real Estate Literature


Abstract

Graduate programs with concentrations in real estate have increased in recent years to fill the demand for well-educated practitioners in the industry. However, there has been a great deal of debate on what elements should be an essential part of a graduate program in order to help students succeed in the industry. This paper summarizes the results of over fifty interviews with educators, administrators, and practitioners from 14 top real estate programs in the United States, as well as data from recent focus groups on newer graduate real estate programs in the U.S. Several major themes emerged that provide insight on how to improve future graduate programs for practitioners.

University graduate programs with concentrations in real estate have increased in recent years to fill the increasing demand for highly educated professionals in the industry (Gair, 2001; Hartigan, 2002; Weinstein, 2002; Galuppo and Worzala, 2004; and Miller and Weinstein, 2006). As a result more companies are looking to hire students with graduate degrees in real estate. Some interesting quotes include: "During the past twenty-five years, there has been a growing appreciation of real estate as a university-level field of study. Real Estate industry financial support for university real estate programs is at an all time high," (Musil, 2005, p. 133). U.S. News & World Report writer Justin Ewer's (2007, pp. 18-19) adds, "After a slump in the mid-90s, real estate firms are back in the hunt for MBAs eager to give into one the biggest housing and commercial real-estate booms in history. Many large companies such a s Trammell Crow, Tishman Speyer, and AvalonBay Communities - all are recruiting MBAs last fall. Today's real estate students with graduates degrees have the opportunity to do everything from helping investment groups acquire real estate, to working as brokers on Wall Street, to the more traditional roles of entitling land, putting together a project plan and managing construction contractors."

The purpose of this research is to answer one broad question: "What elements make up a top graduate program in real estate that enhances practice?" This research builds on an original study of graduate real estate programs that was conducted in 2002. ' We have added additional universities to the study because they have recently received significant levels of funding and have created graduate programs that are poised to become significant national programs. We want to compare some of the newer graduate real estate programs that have recently been developed with some of the older, more established programs. The original 14 programs were chosen because they had been highly ranked by U.S. News and World Report, Business Week, and the National Real Estate Investor as outstanding real estate graduate programs. Additional programs that have been added to this research include: Clemson University, which began a Master of Real Estate Development (MRED) program in 2004; DePaul University, which has recently received several million dollars in funding to start a Master of Science in Real Estate (MSRE) program (including a $2 million gift from D. Crocker, past CEO of Equity Residential and his wife); Johns Hopkins University, which recently received a $6 million gift to establish an accelerated MSRE full-time real estate program; and Roosevelt University, which has raised $8.4 million towards a new real estate school and MSRE program. Results of this research will provide insight into how some of the more successful programs were established and developed. In addition, we hope our results will provide guidance on how new startups and the older, more traditional programs can continue to improve graduate real estate academic programs so that they are relevant and useful to the ultimate consumer, the real estate business community.

Literature Review

Although one of the main purposes for university graduate degree programs in real estate is to educate practitioners, a literature review revealed that most real estate degree programs are out of touch with the real world of practitioners (Bachhuber, 1999; and Miller, 2001). …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Real Estate Information Technology: Graduate Real Estate Programs: An Analysis of the Past and Present and Trends for the Future
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.