MS in Real Estate Development and Investment
MS in Real Estate Development and Investment
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MASTER BOTH SIDES OF THE DEAL
The MS in Real Estate Development & Investment at IENYC prepares ambitious professionals to build careers across both sides of the real estate industry, from investment, finance and acquisitions to development and execution.
Through rigorous, business-focused training in real estate finance, valuation, private equity, capital markets, development and dealmaking, you’ll learn to analyze opportunities, underwrite investments, assess risk and understand how projects are financed, built and delivered. You’ll then deepen your expertise through a specialization in either investment or development.
Based in the heart of New York City, one of the world’s most influential real estate markets, the program brings the industry directly into the classroom. You’ll learn from leading NYC and international practitioners, work with real-world deals and market perspectives, and build a global network of investors, developers and industry leaders.
*The Master in Real Estate Development & Investment has been officially approved by the New York State Education Department and is pending final SEVP authorization to enroll international (F-1) students. While this federal approval is being finalized, applications from both domestic and international candidates are open, and our Admissions team will keep all international applicants informed once visa eligibility is confirmed.
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Ana Huerta - Global Recruitment Manager
IENYC GRADUATE OUTCOMES
*IENYC career outcomes for graduating class 2025. The M.S. in Real Estate Development and Investment does not yet have career outcomes.
- 100employment rate four months after graduation
- 82of graduates remained working in the US
INDUSTRIES OUR GRADUATES ENTER
*Outcomes, industries and employers may vary by cohort, market conditions and individual circumstances.
Technology & FinTech
Finance & Investment Banking
Consumer Goods & Retail
Marketing & Communications
Education
Sustainability & Social Impact
Where IENYC Graduates Work
Disclaimer: Alumni outcomes may include graduates from various programs across our school and are not exclusive to this program.
Highlights
Highlights
Who is the MS in Real Estate Development & Investment for?
The program is designed for recent graduates and professionals in the early stages of their careers who want to build a future in real estate investment or development. It is for those curious about both sides of the industry, from how deals are financed and structured to how projects are developed and delivered. Ideal candidates are analytical, commercially curious and entrepreneurial, with a genuine interest in real estate and the ambition to build their careers in New York and beyond.
FOR INDIVIDUALS WHO ARE…
• Early in their careers and ready to enter or accelerate within real estate, bringing a business, quantitative or analytical mindset.
• Genuinely curious about real estate from both an investment and development perspective, rather than seeing the industry through a single lens.
• Globally minded, commercially driven and ambitious, with the motivation to build a career in a dynamic, international industry.
LOOKING FOR…
• Integrated expertise across real estate investment, development, valuation, capital markets and dealmaking.
• Practical skills to underwrite deals and understand how projects are financed, built and delivered.
• Direct exposure to industry practitioners, global markets and NYC's game-changing connections.
• A portfolio that demonstrates real-world capability.
TO BECOME…
• Versatile real estate professionals who can operate across both sides of the deal.
• Professionals and decision-makers who can underwrite deals, access risk and understand how value is created.
• Future leaders across REPE, acquisitions, development, investment banking, capital markets, asset management and real estate entrepreneurship.
Five Reasons to Choose this program
- 01.
Integrated real estate investment and development
Master real estate investment and development in one program. Build the skills to underwrite deals like an investor and understand how projects are built and delivered like a developer.
- 02.
Go from classroom to career in 11 months
Spend 11 full-time months building expertise in real estate investment and development in a business-school environment. Gain the commercial skills to understand deals, create value and make your next move.
- 03.
New York, the premier real estate hub
Study in SoHo, New York City, at the heart of the world's most influential real estate market. Connect with REPE principals, developers, investors and capital-market leaders through the “Behind the Deal” speaker series alongside live industry experiences.
- 04.
Graduate with more than a degree
Put your expertise into practice through a Capstone Project grounded in real-world dealmaking. Present your work to NYC and global practitioners and leave with a portfolio piece that showcases your capabilities to the industry.
- 05.
Think globally. Work with the tools reshaping real estate.
Learn alongside an international cohort, engage with global markets and develop fluency in AI, data and advanced modeling tools that are changing how real estate is analyzed, financed and developed.
Working in the U.S. After Graduation
Working in the U.S. After Graduation
International students in the Master of Science in Real Estate Development and Investment are eligible to apply for Optional Practical Training (OPT), which allows you to work in the US for up to 12 months post-graduation. And since this is a STEM degree, you may also be eligible for an extension of your OPT for up to two additional years.
Faculty
Faculty
MEET DR. JOHNNY DIN
MEET DR. JOHNNY DIN
Dr. Johnny Din is Interim Program Director of the Master of Science in Real Estate Development & Investment at IE New York College and CEO of Cycamore Capital, a vertically integrated real estate investment and development platform based in New York City.
His career spans investment banking, real estate finance, development and private equity. Before founding Cycamore Capital, he held roles at Deloitte, Clarett International and Silverpeak Real Estate Partners and began his career at Lehman Brothers, advising Fortune 500 companies and private equity clients on mergers, acquisitions and financing.
Johnny holds degrees from UCLA, Columbia University and the University of Southern California, where his doctoral research focused on real estate education. He also teaches at Columbia University, New York University and Fordham University, bringing extensive academic and industry experience directly into the MREDI classroom.
New York: An Extension of Your Classroom
As an IENYC student, you’ll take your learning into the real world by connecting with industry leaders, exploring leading companies, and gaining firsthand insight into the real estate and investment forces shaping New York.
THE FUTURE OF REAL ESTATE: REDEVELOPMENT FORUM
Go beyond the classroom and into New York’s real estate industry. Students connected with professionals across investment, law, and design to understand how redevelopment deals work in practice, from evaluating an acquisition to navigating design, legal, and delivery decisions.
IN CONVERSATION WITH NÉSTOR CAMARILLO
From policy to entrepreneurship, leadership decisions can shape entire markets. IENYC welcomed Mexican Senator Néstor Camarillo for a conversation on economic development and cross-border collaboration, examining the opportunities for deeper business and economic ties between Mexico and the U.S.
INSIDE GOOGLE: STUDENT VISIT
What can a visit to a global company reveal about innovation and the future of business? IENYC students explored Google’s New York office, hearing directly from IE alumni Antonio Lessa and Spela Jesihar about innovation, professional experiences, and career opportunities in a rapidly evolving market.
IE VENTURE DAY NEW YORK: INSIDE NYC’S STARTUP ECOSYSTEM
Ideas become ventures when they meet the right people. Our students experienced Venture Day alongside founders, investors, and industry leaders, gaining firsthand insight into entrepreneurship through startup pitches, expert feedback, and networking. From pitching an idea to connecting with potential investors, they saw what it really takes to build a venture in New York.
IENYC EMPLOYER FORUM: INSIDE TODAY’S JOB MARKET
What skills are shaping careers across today’s real estate industry? The IENYC Employer Forum gave students the opportunity to hear directly from recruiters and senior leaders about evolving hiring needs, professional expectations, and the capabilities that can help launch a career in a competitive market.
Get involved with IENYC events
Get involved with IENYC events
Discover a world of opportunities at IENYC events! Join informational webinars on program structure, career pathways, student life and more. Gain insights from alumni and hear from expert speakers. Whether you're interested in exploring your options, deepening your learning or expanding your network, these events offer valuable connections and expert advice. Don't miss your chance to engage, learn and grow with the IENYC community!
DISCOVER The BluePrint
Frequently asked questions
What is the MS in Real Estate Development & Investment?
The MS in Real Estate Development & Investment is an 11-month, full-time master’s program combining deep training in real estate investment and finance with the business of development, based at IENYC’s SoHo campus.
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Is this real estate program only for finance-focused students, or also for developers?
Both. The MS in Real Estate Development & Investment is a true hybrid, combining real estate underwriting, private equity and capital markets with development feasibility, ESG and deal execution.
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Is a master’s in real estate development worth it?
The national commercial real estate market is currently valued at around $27 trillion and contributes $2.5 trillion to GDP. Construction manager roles are projected to grow 9% and financial analyst roles 6% through 2034, according to the U.S. Bureau of Labor Statistics.
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Why study Real Estate Development and Investment in New York?
The MS in Real Estate Development & Investment places you in one of the world’s most important real estate markets. New York City offers exposure to development, investment, finance and capital markets, making it an ideal environment to understand the full real estate cycle.
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Can you get a master’s degree in real estate without a finance background?
Yes. The program welcomes recent graduates and early-career professionals from business, quantitative and analytical backgrounds. An asynchronous pre-program helps students strengthen quantitative skills before the first term.
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How is this master’s degree different from the Master in Real Estate Development in Madrid?
They are related but distinct. IE University’s Master in Real Estate Development in Madrid is design- and urbanism-led, while the MS in Real Estate Development & Investment is a business-intensive real estate program in New York focused on both investment and development.
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