Taubman College

Graduate Certificates / Graduate Certificate in Real Estate Development

The quality of metropolitan development is an issue of growing public concern, particularly as a result of the housing finance crisis and rising energy costs. Debates over land use regulation, sustainable development, sprawl, community design, and the municipal finance implications of these occupy virtually every local government in this nation and abroad. The Obama Administration is emphasizing making communities sustainable. The revival of many American downtowns, the urbanization of selective suburban places, and the high rates of mortgage foreclosure on the fringe of some growing metro areas are testament to profound changes in real estate development after decades of building only drivable suburban development. However, just as the United States is adjusting to changed market demands, much of the developing world is emulating the drivable suburban American model of the twentieth century

Few planners, lawyers, business leaders, and designers who influence metropolitan development understand the complexity of real estate development. They are not as effective as they could be in improving the way development occurs. Many of those trained in a single field, such as business, law, or urban planning, could be more effective in creating places that contribute to a positive quality of life for people of all incomes and preserve the natural environment if they had an education that spanned several professional fields.

The certificate in real estate development offers graduate students in many fields the opportunity to supplement their major areas of study with broad knowledge about making substantially better metropolitan developments. The program is also a stand-alone certificate for those full-time and part-time students who just want to focus on real estate development. The program aims to guide students in integrating disciplines that shape the built environment and enhance the quality of life for all people while conserving the natural environment. Upon graduation, students are professionals equipped to become the place-makers of the next generation.

For further information on eligibility and how to apply, click here.