Your real estate career begins on the first day

The Master of Science in Real Estate equips you with the skills necessary to help you launch your career in real estate investment analysis and finance. Whether you’re a career changer or you already work in the industry and want to deepen your skills, the MS in Real Estate gives you a strong foundation for real estate industry leadership by immersing you in real-world projects with real Chicago companies.

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Study real estate in the city that pioneered the skyscraper

Chicago’s rapidly developing real estate landscape is your classroom. You will be paired with a senior Chicago real estate executive who will give you an inside look at various aspects of the real estate industry, and you’ll have the opportunity to participate in professional internships and seminars.

Application Deadlines

Enrollment Quarter	Domestic Student Deadline	International Student Deadline
Fall	August 15	June 15
Winter	December 1	October 15
Spring	March 1	January 15
Summer	June 1	April 15

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Admission Requirements

Submit an online application, essay, résumé and official transcripts.

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Required Courses

You’ll take six required real estate courses and six electives.

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97%

of Real Estate master’s degree graduates were employed, continuing their education or pursuing other goals within six months of graduation.

 

$81k

The median salary for Real Estate graduates was $81,000.

Study with faculty who are leaders in real estate

Courses are taught by faculty who have influenced the real estate industry from a national perspective. Charlie Wurtzebach, PhD, is Chair of the Department of Real Estate and Douglas & Cynthia and Crocker Endowed Director of the Real Estate Center. He previously served as managing director and property chief investment officer of Henderson Global Investors (North America) Inc. At DePaul, you’ll have the opportunity to learn from him.

“What I liked about DePaul’s program was the fact that it was focused on real estate and real estate only. ... DePaul has some of the best faculty in the country, an enormous alumni group and a well-recognized degree, so you can be confident when you graduate from the school that the degree actually means something.”

Michael (MS ’08)

Co-Founder, Origin Investments 

Alumni Network

Graduates of DePaul’s MS in Real Estate hold high-level positions in both local and international real estate firms. As a graduate of the Real Estate program, you join one of the most well-respected real estate alumni networks in Chicago and beyond.

Scholarships

Graduate school is an investment in your future. Kellstadt awarded more than $3 million to incoming students last year. Students in the real estate program are also eligible for numerous industry-sponsored scholarships. Learn more about scholarship opportunities available to you.

Real Estate (MS) Admission Requirements

• ? Submit your online application and the $60 application fee.
• Submit an essay explaining your interest in the program and your professional goals.
• Submit a resume that summarizes your work experience and educational background. 
• Submit your official transcripts from all degree-granting institutions you have attended. 
  Please note that not submitting all transcripts where courses have been completed could impact course waivers.
• Test optional – GMAT/GRE Scores (submission is optional).

Letters of recommendation are optional for this program.

International student admission requirements: Click here.

Deadlines

Students may apply to enroll in any quarter. To ensure that you will be able to enroll in the quarter of your choice, we recommend that you apply by these dates:

Enrollment Quarter	Domestic Student Deadline	International Student Deadline
Fall	August 15	August 15
Winter	December 1	October 1
Spring	March 1	February 1
Summer	June 1	April 1

Learn more about Graduate Admission.

Degree Requirements

Course Requirements

Students complete the MS in Real Estate by taking a minimum of 48 credit hours, normally 12 courses. Depending on the path selected for completing the quantitative requirement, several prerequisites may be required. Students may take either RE 527: Quantitative Methods and Analysis or FIN 555 to meet the program's quantitative requirement.  The prerequisite for RE 527: QUANTITATIVE METHODS and ANALYSIS is admission to the program.  However, students who wish to take FIN 555 must meet its prerequisites prior to enrollment, which include ACC 500 or ACC 502, and  GSB 420 or GSB 519, or courses equivalent to these.

Required Courses (12 required courses)

Course	Title	Quarter Hours
RE 527	QUANTITATIVE METHODS AND ANALYSIS	4
or FIN 555	FINANCIAL MANAGEMENT
RE 520	URBAN PLANNING AND PUBLIC POLICY	4
RE 521	LEGAL ISSUES IN REAL ESTATE	4
RE 525	PROJECT MANAGEMENT: DESIGN AND CONSTRUCTION	4
RE 530	REAL ESTATE INVESTMENT AND FINANCE	4
RE 531	REAL ESTATE CAPITAL MARKETS AND FINANCE	4
RE 533	REAL ESTATE MARKET ANALYSIS AND VALUATION	4
RE 535	INSTITUTIONAL REAL ESTATE INVESTMENT	4
RE 570	ADVANCED REAL ESTATE ANALYSIS WITH ARGUS	4
RE 572	STRUCTURING REAL ESTATE TRANSACTIONS	4
RE 574	MULTIFAMILY HOUSING POLICY AND FINANCE	4
RE 576	REAL ESTATE DEVELOPMENT	4

?Degree Requirements

• Satisfactory completion of the college residency requirement.
• Satisfactory completion of the 12 required courses such that at least 48 credit hours of applicable course work are completed toward the degree. Prerequisite courses are not approved for elective credit.
• All courses for credit toward the degree must be completed within six calendar years after the candidate’s first term of enrollment in the Kellstadt Graduate School of Business. After a lapse of six years a course is expired. An expired course is not acceptable for the purpose of satisfaction of degree requirements and is not applicable to the degree without the written approval of the director of the program or the Kellstadt Graduate School of Business.?

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