Master of Science in Real Estate and Infrastructure (full-time)

With the Edward St. John Real Estate Program, build a foundation in real estate investment, development, finance, construction and design, entrepreneurship, planning and sustainability, capital markets, and real estate law. At one of the few real estate programs embedded in a business school, benefit from a robust understanding of the real estate industry from top to bottom.
Thrive as a real estate professional, regardless of market conditions. Earn your MS in Real Estate and Infrastructure and build valuable connections within the industry. The signature capstone provides a mentored professional real estate industry experience that integrates all aspects of the curriculum.
Program details
Financial Aid & Scholarships
Program Features
Strengthen your
portfolio
Gain real-world experience through a signature capstone project that pairs you with a professional mentor from the real estate industry to tackle a real-world challenge and build your expertise.
Relevant, applied
learning
Learn from leading researchers and seasoned industry practitioners, combining academic insight with practical skills you can immediately apply after graduation.
Edward St. John Real Estate Program
This program is made possible through the generous support of Edward St. John, founder and chairman of St. John Properties. Explore innovative approaches to real estate development through a rigorous academic lens and become a future leader with fresh perspectives and industry insight.
Core real estate concepts
Build a strong foundation in real estate finance and investment strategy while developing the skills to close deals, analyze demographic data, and forecast market trends, equipping you to succeed in any market environment.
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Real Estate and Infrastructure New York City trek
Carey students, faculty, and staff from the Real Estate and Infrastructure program traveled to New York City in January 2024 for the Real Estate and Infrastructure annual experiential learning trek. The trip included visits to 3 World Trade Center, the New York Stock Exchange, and W.P. Carey for tours of the facilities. Read more“Experiential learning opportunities such as this one allow our students to develop a more well-rounded view of the real estate industry. Students get to hear from industry experts about what is happening “on the ground” and in different markets, and they can start to connect the concepts they have learned in the classroom with real world experiences.”
– Seydina Fall, Academic Program Director, Real Estate and Infrastructure program
Johns Hopkins in D.C.
Carey Business School’s new D.C. location at 555 Pennsylvania Ave. NW is designed for the academic needs of today and the future. This state-of-the-art Johns Hopkins location creates new opportunities for research, education, and public engagements, giving you the powerful combination of the distinctive Hopkins advantage in the heart of Washington, D.C.
Explore all that Carey’s new home has to offer
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- 334 average GRE
- 22% female / 78% male
- 3.35 average undergraduate GPA
- < 1 average years of full-time work experience
- 2 countries represented
- 23 average age
Curriculum
The Edward St. John Real Estate Program at Johns Hopkins Carey Business School features a powerful combination of research-focused faculty members and leading real estate experts. You'll build valuable connections, learn multidisciplinary skills, and master critical industry-transcending concepts to understand and anticipate real estate trends to help you thrive in any setting.
The latest edition of the Carey Business School University Catalog is available.
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One of the few graduate real estate programs to be part of a true business school, the full-time Master of Science in Real Estate and Infrastructure program prepares you with industry best practices and strategic insight. Build your network through the Carey Real Estate Advisory Board and Real Estate Alumni Network to develop industry connections and discuss opportunities for advancement. Gain hands-on experience through case studies spanning multiple disciplines including investment, development, finance, design, entrepreneurship, planning, and more.
Real-world case studies will introduce you to multiple disciplines including investment, development, finance, construction and design, entrepreneurship, planning and sustainability, capital markets, and real estate law.
Course Highlight: Experiential Capstone Project
The capstone course provides students with an opportunity to integrate and apply the main tenants of the MS Real Estate and Infrastructure program – data, decisions, and community. Each year the program partners with a particular city and obtains data on a critical community infrastructure project that needs repositioning and revitalization. Students are tasked to produce a market feasibility report (along with a financial proforma) that will help the city’s stakeholders decide whether to pursue the project or not. Students will also dissect and analyze the city’s negotiated development review and permitting process to understand what it takes to earn community and political support.
Required courses (16 credits)
Business foundations (6 credits)
- BU.120.601 Business Communication
- BU.131.601 Business Leadership and Human Values
- BU.510.601 Statistical Analysis
Functional core (8 credits)
- BU.241.620 Design and Construction Feasibility
- BU.241.745 Fundamentals of Real Estate Valuation and Investment
- BU.241.630 Real Estate Products and Emerging Trends
- BU.242.601 Real Estate Market and Feasibility Study
Capstone (2 credits)
- BU.245.790 Real Estate and Infrastructure Capstone
Electives (14 credits)
Students choose 7 courses from the following:
- BU.241.750 Advanced Valuation and Investment Analysis
- BU.152.740 CityLab Catalyst: Business Innovation for Social Impactᅠ
- BU.152.745 CityLab Practicum: Social Impact Projectᅠ
- BU.241.725 Global Perspectives in Real Estateᅠ
- BU.241.780 Health Care Real Estate
- BU.241.735 Infrastructure Development for Sustainable Cities
- BU.241.640 Net Zero Real Estate
- BU.241.740 Project Finance & Public-Private Infrastructure Delivery
- BU.242.720 Real Estate Capital Market Analysis
- BU.242.710 Real Estate Funds and Portfolio Management
- BU.241.610 Real Estate Investment and Development
- BU.242.701 Real Estate Investment Trusts: Analysis and Structuring
- BU.241.705 Selected Topics in the Real Estate Industry
- BU.241.770 Smart Growth, Infrastructure and Real Estate Development
- BU.241.760 Strategic Commercial Leasing
- BU.241.650 The Evolution of Housing, Property, and Public Finance Policy
- BU.241.625 The Legal and Public Policy Landscape of Real Estate
- Carey Elective of Choice
Program Comparison
- In-person, 1 year, Washington, D.C.
- Early career professionals, recent graduates
- Foundations in real estate finance, investments, deal-making, demographic analysis, and market forecasting
- Hands-on experiential learning capstone project
- In-person, 2 years, Washington, D.C., STEM-designated
- Two optional specializations: Analytics, Leadership, and Innovation and Health, Technology, and Innovation
- Business foundations and immediate impact
- Hands-on experiences including signature Innovation Field Project
Attend an event
Carey Business School offers virtual admissions events for prospective students to connect with our admissions team. Through online sessions and in-person regional events, the Carey team is here to answer your questions and support your business school journey.
Connect with a Carey student or alumni
Our students come from all over the world and represent all of the different graduate business programs we have here at Carey. Connect with one of them directly to learn more about life at Carey.