PLAN 90: Article
New Certificate Program in Real Estate

Open to Professionals from Around the World

This summer, MIT Professional Education, in collaboration with the MIT Center for Real Estate, is offering its first Professional Certificate in real estate.

The Professional Certificate in Real Estate Finance and Development program is being offered June 8-19 and comprises five courses: Real Estate Finance: FundamentalsEvaluating Real Estate MarketsReal Estate Finance: AdvancedCommercial Real Estate Development and Global Real Estate Markets.

Open to professionals from around the world, the program provides an unparalleled opportunity to obtain insights and skills in real estate development and investment strategies, and other key factors driving current real estate markets. Participants will have the opportunity to network with and learn from other leading real estate professionals and to gain the MIT experience in a condensed timeframe.

Participants will learn to identify and evaluate economically viable commercial real estate projects, evaluate investment properties and learn finance theory and taxation principles. They will also take away a greater understanding of the globalization of real estate capital and its impact on pricing, international capital inflows, and how to build a global portfolio. Real estate attorneys and guest lecturers will provide real-world examples via two common contracts used in the development process.

‘The collaboration between the MIT Center for Real Estate and MIT Professional Education opens an exciting opportunity,’ says Albert Saiz, director of the MIT Center for Real Estate (CRE). ‘We expect our real estate professional classes to provide real value to a global audience of executives; top-notch and knowledge-thirsty upward professionals; and to provide training opportunities for large organizations seeking to educate and inspire their most-talented human assets.’

Bhaskar Pant, executive director of MIT Professional Education, adds, ‘MIT Professional Education created the Professional Certificate in Real Estate program in response to global developments that underscore the need to comprehend real estate markets and underwriting real estate risk in order to truly understand financial markets. Our new certificate program provides professionals from an array of industries and backgrounds with a clear understanding of the real estate development process.’

All five courses are taught by MIT faculty who are experts in their respective fields. W. Tod McGrath is a lecturer in the Center for Real Estate and is president of advisoRE, LLC. William Wheaton is professor emeritus from MIT’s Department of Economics and continues to teach at CRE. Professor Albert Saiz is director of CRE and also an associate professor of urban economics and real estate.

David Geltner is currently is professor of real estate finance in the Department of Urban Studies and Planning and has a joint appointment in Engineering Systems Division. Walter Torous is a senior lecturer holding an appointment with both the CRE’s Master of Science in Real Estate Development (MSRED) Program and the MIT Sloan School of Management.

Courses can be taken individually or over two weeks in the summer program, but to qualify for the certificate participants will need to complete all five required courses in a two-year period. Professionals enrolling in the entire certificate program in a single year will receive a 15 percent discount. 

For more information, visit the MIT Professional Education website at web.mit.edu/professional/.