Master's in Real Estate

Top-Ranked Master鈥檚 for Commercial, Residential and Investment Careers

The Master of Real Estate degree at the Leeds School of Business combines a practical, industry-focused curriculum with hands-on learning in finance, analytics, law and economics. Learn from nationally recognized faculty and gain the knowledge, experience and connections to accelerate your career in real estate.听

听 听Inquire 麻豆影院 the Program

"Within Leeds there are countless opportunities to take on leadership roles and broaden your horizons in the program."

Lucas McQuinn
MSRE '26

Program Details

  • GMAT/GRE test scores optional.
  • Automatic admission granted to currently enrolled CU undergraduate seniors with a Leeds major or minor who have a 3.0 GPA or higher.
  • A 9-month, full-time听in-person program starting in August.

CurriculumTuition

gold line
Current Leeds Undergraduate and Business Minor Students
  • If you are a Leeds undergraduate student interested in an MS in Real Estate degree, you should learn about the tuition savings possible via our BAM route. Learn More about BAM
  • Automatic admission granted to currently enrolled CU undergraduate seniors with a Leeds major or minor who have a 3.0 GPA or higher. Learn more about 4+1 Master's Programs here.

Reputation & Rankings

#16

Best Real Estate Program

U.S. News & World Report, 2026

#31

North American Business School Based on Faculty Research Contributions

The UTD Top 100 Business School Research Rankings, 2020 to 2024

5%

Among only 5% of business schools worldwide accredited by the AACSB

Careers in Commercial Real Estate

Master the financial and analytical skills to evaluate properties, assess market opportunities and create value in commercial real estate, development and investment.听

More about MS Real Estate Careers听

An Acquisitions Analyst evaluates and executes investment opportunities, including company mergers or real estate purchases. They build financial models, conduct market research, and perform due diligence to assess risks and returns. This role requires strong Excel skills and strategic thinking to support senior management.

An Asset Management Associate is an early to mid-level finance or operations role responsible for supporting investment portfolios and maximizing asset value. Responsibilities vary by industry but typically include financial modeling, market research, portfolio reporting, and coordinating with property or operations teams to optimize asset performance.

A Real Estate Financial Analyst evaluates the economic viability of property investments, developments, and portfolios. They build complex cash flow models, analyze market trends, and calculate metrics like Internal Rate of Return (IRR) and Net Present Value (NPV) to guide acquisition, financing, and exit strategies.

MS in Real Estate Faculty

Meet our award-winning faculty, recognized for their innovative teaching approach and their cutting-edge research in top academic journals.

Stephen Billings

Global Real Estate Capital Markets Chair 鈥 Full Professor 鈥 MS Real Estate Faculty Director听

FINANCE

Steve's research focuses on the intersection of housing, schools, neighborhoods and crime. His work addresses several important policy issues including the impact of public investment in light-rail transit on neighborhoods, how school segregation influences academic achievement, political ideology and crime, the causes of neighborhood gentrification, lead-based paint and low-income housing as well as ongoing research that examines the impact of sea level rise and natural disasters on neighborhood sorting and household finances. His work has appeared in such publications as the The Quarterly Journal of Economics, American Economic Review:Insights, American Economic Journal:Applied Economics, The Review of Economics & Statistics, Journal of Financial Economics, Journal of Urban Economics and Real Estate Economics.

听Emily Gallagher

Associate Professor 鈥 Co-Director of Center for Research on Consumer Financial Decision Making听

FINANCE

Emily Gallagher is an associate professor of finance in the real estate track at the Leeds School of Business, 麻豆影院. Her research focuses on household finance, climate change, insurance, and real estate, using quasi-experimental methods applied to geospatial, regulatory, and financial data. Gallagher examines how households prepare for and respond to financial shocks, especially climate disasters. Her 2022 article in the Journal of Financial Economics, 鈥淟et the Rich Be Flooded: The Distribution of Financial Aid and Distress after Hurricane Harvey,鈥 was featured in the 2023 Economic Report of the President of the United States. Another study, 鈥淏lood Money: Selling Plasma to Avoid High-Interest Loans,鈥 co-authored with John Dooley and published in The Review of Financial Studies in 2024, received the 2025 CESR Best Paper Award. Her research on underinsurance, disaster recovery, and crowdfunding has been featured in The New York Times, The Wall Street Journal, Bloomberg, NPR, and BBC World Service.

听Jaehee Song

Welch-Nguyen Family Faculty Scholars 鈥 Assistant Professor

FINANCE

Jaehee Song is an Assistant Professor of Finance and Real Estate in the Leeds School of Business at the University of Colorado at 麻豆影院. She holds a Ph.D. degree in Economics from Yale University and a B.S. in Mathematical Sciences and a B.S. in Management Sciences from KAIST. Her primary area of research is Urban and Real Estate Economics, and other research interests include Public Economics and Industrial Organization. Her current research studies zoning regulations in the United States.

Christophe Spaenjers

Michael A. Klump Endowed Chair of Real Estate 鈥 Professor 鈥 Faculty Director of the Michael A. Klump Center for Real Estate

FINANCE

Christophe Spaenjers is a Professor of Finance at the Leeds School of Business. He is an academic expert on the markets for real estate, art, and other "real and private-value assets." He graduated with a Ph.D. in Finance from Tilburg University (the Netherlands) in 2011. Prior to joining Leeds in 2022, he was a faculty member at HEC Paris (France). His research has been published in leading academic journals such as the American Economic Review, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science. His research has been covered extensively in the popular press (e.g., The Economist, Financial Times, New York Times, Wall Street Journal) as well.

Lybroan James Iii

"The unique, hands-on design of the curriculum solidified my understanding of commercial real estate. The Leeds听MSRE听network is powerful. This community truly made me a better real estate professional.鈥

~ Lybroan James Iii (MSRE'26)

Sarah Zender MSRE

"The MSRE helped me connect my business interest and undergraduate environmental design degree with a clear career pathway in architecture and real estate.鈥

~ Sarah Zander (MSRE鈥26)

I Want To




MS News and Updates

Application Deadlines

Round 1:听October听6, 2025

Round 2:听December听1, 2025

Round 3:听February听2, 2026

Final International Deadline:听March听4, 2026

Final Domestic Deadline:Accepting applications until the cohort fills.

Program Start Date: July 2026