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Master of Science in Real Estate and Infrastructure
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
Build your portfolio
Complete a signature, integrated, hands-on capstone project that pairs you with a professional mentor in the real estate industry.
Relevant and applicable
Learn from research-focused faculty and expert practitioners, and gain real-world experience you can use as soon as you graduate.
Edward St. John Real Estate Program
Learn fresh, innovative approaches to the field of real estate development from a sophisticated academic perspective. This program is made possible through the generous support of Edward St. John.
Master critical concepts
Gain a comprehensive understanding of real estate financials and investments as well as how to close deals, collect and analyze demographic data, and anticipate trends to thrive as a real estate professional, regardless of market conditions.
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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 will prepare you with best practices in the real estate industry, so you graduate as an expert. Plus, you’ll network with the Carey Real Estate Advisory Board and Real Estate Alumni Network to discuss opportunities and advancements in the industry.
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.234.610 Real Estate and Infrastructure Finance
- BU.241.630 Real Estate Products and Emerging Trends
- BU.241.610 Real Estate Investment and Development
- NEW: The Legal and Public Policy Landscape of Real Estate
Capstone (2 credits)
- BU.245.790 Real Estate and Infrastructure Capstone
Electives (14 credits)
Students choose 7 courses from the following:
- BU.241.620 Design and Construction Feasibility
- BU.242.715 Real Estate and Infrastructure Valuation
- BU.152.725 Real Estate Entrepreneurship
- BU.242.710 Real Estate Funds and Portfolio Management
- BU.242.701 Real Estate Investment Trusts: Analysis and Structuring
- BU.241.760 Strategic Commercial Leasing
- BU.241.740 Project Finance & Public-Private Infrastructure Delivery
- BU.241.705 Selected Topics in the Real Estate Industry
- BU.241.640 Net Zero Real Estate
- New Elective: Proptech and Big Data
- New Elective: Real Estate Practicum
- New Elective: Corporate Real Estate Management
Program comparison
- In-person classes
- Courses held in Washington, D.C
- Capstone project with a mentor in the real estate industry
- Complete your degree in one year
- Online, flexible format
- Asynchronous and/or fully synchronous courses
- Optional in-person residencies available
- Complete your degree in two years
- In-person classes
- Courses held in Baltimore, MD or Washington, D.C.
- STEM-designated concentration in financial econometrics
- Complete your degree in one year
Attend an event
Carey Business School hosts various virtual admissions events for prospective students to meet with members of our admissions team. With virtual visits, informational online sessions, and regional and international events, the Carey team is ready to answer 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.
Admissions
Admissions

Admissions
Are you ready to build for what’s next®?
Business school isn’t for the complacent. Business school is for the imaginative, the determined, the people who see possibilities in themselves and in their industries. It’s for those ready to seize opportunity. Is business school the next step in launching or advancing your career?
At Johns Hopkins Carey Business School, we look for students with the same drive, motivation, and commitment as Johns Hopkins himself. Because before Johns Hopkins was a hospital or a university, Johns Hopkins was a businessman building for what’s next. As part of his legacy, we educate future business leaders who will seize opportunities to create lasting commercial and societal change. Carey Business School is the place for students to find what’s next for them and what’s next in the business world.
As you consider our programs, the Admissions team is available to answer all of your questions.
Introduce yourself and let us guide you through the application process and connect you with current students, alumni, and faculty. Or coordinate a location visit in Baltimore or Washington, D.C.
How to Apply
Admission to the Johns Hopkins Carey Business School is competitive. We invite you to learn more about our application requirements for all degree programs at Carey. Carefully read all instructions as you begin your application, and note application deadlines. We also have additional information on registration for our non-credit Executive Education programs.
Review your program's application requirements
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.

Explore Carey from Home
Take a virtual tour of our Harbor East and D.C. locations. Imagine yourself walking the halls, sitting in class, or studying in the library. Our virtual tours are available 24/7.
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Graduation
Graduation

Office of Student Affairs
The Johns Hopkins University confers degrees at the conclusion of its summer, fall, and spring terms.
The conferral date is your official date of graduation, which is displayed on your diploma. Please see the Academic Calendar for the conferral date of your graduating term.
Apply for graduation through SIS self-service. After signing in, at the top left click registration → program of study info → apply for graduation. Students who apply to graduate will be contacted via JHU email with important information about graduation status, commencement ceremony attendance, and diplomas.
The Carey Business School holds one graduation ceremony day for degree recipients in the Spring. Eligible students receive graduation ceremony information via email in March.
Academic Year 2025-2026 Graduation Application Deadlines
- Summer 2025—June 6, 2025
- Fall 2025—September 12, 2025
- Spring 2026—February 13, 2026
If the deadline for your specific term has passed, please contact the Registrar’s Office through SEAM's Online Form.
Commencement Ceremony Information
The 2025 commencement ceremonies are scheduled for Tuesday, May 20, 2025 at the Joseph Meyerhoff Symphony Hall. Students planning to complete their degree requirements by August 2025 are eligible to attend the graduation ceremony.
Ceremony Details:
- Master of Science Degree Programs Ceremony: 11:00am EST
- Master of Business Administration Program Ceremony: 4:00pm EST
15-month Master of Finance students who will complete their degree requirements in the Fall 2025 term are not eligible to attend the May 2025 commencement ceremony. Following completion of program requirements, 15-month Master of Finance students will be invited to attend the May 2026 commencement ceremony.
CeDiplomas
Johns Hopkins University offers Certified Electronic Diplomas (CeDiplomas) for graduated students. For more information, please visit the JHU website.
Replacement Diplomas
Replacement diplomas may be ordered through the JHU website, under the “Order a Replacement” tab. Replacement diplomas are mailed directly from the vendor using United States Postal Service (for standard shipping) and UPS (for expedited shipping). Please visit the JHU website for more details.
Questions about the Graduation Ceremony?
Questions about your diploma?
Admitted Students Day 2025 in Baltimore
Admitted Students Day 2025
Saturday, March 22, 2025 | Baltimore, MD

Join us for Admitted Students Day events in Baltimore!
At Admitted Students Day, learn how Carey will help you build for what’s next. You will participate in various speaker sessions from your academic program team including key Carey departments such as Career & Life Design, experiential learning, and more. Admitted Students Day is an opportunity to connect, network and introduce yourself to the Carey community.
The event is open to all students who have been admitted to our full-time and part-time MBA and Master of Science programs, as well as our MBA dual degree programs.
Baltimore, MD
Saturday, March 22, 2025
9:30 a.m. – 3:30 p.m.
Johns Hopkins Carey Business School
100 International Drive
Baltimore, MD 21202
For more information on additional events, exclusive to admitted students, please visit the Admitted Student events webpage.
Schedule of Events
9:30 a.m. – 10:30 a.m.
Registration light breakfast, and welcome session
Check-in for Admitted Students Day and listen to a welcome address delivered by Carey leadership, admissions and a guest speaker.
10:30 a.m. – 12:00 p.m.
Program breakout sessions
Learn what it means to be a Carey student. During this time, you’ll have the opportunity to speak with representatives from key Carey offices, interact with student leaders and alumni, and receive guidance on the next steps to complete your enrollment at Carey.
12:00 a.m. – 1:00 p.m.
Networking lunch
Enjoy lunch while connecting with faculty, current students, and fellow admitted students.
1:00 p.m. – 1:45 p.m.
Location learning and building tours
Participate in a guided tour led by a Carey Admission Ambassador to explore our Harbor East location and learn more about being a student at our Washington, D.C. location or online.
1:45 p.m. – 2:30 p.m.
Sample class
Experience a graduate-level course at Carey, and engage in a lesson and activity instructed by a Carey faculty member.
2:30 p.m. – 3:30 p.m.
Resource and student organization fair, professional headshots and closing reception
Network with key departments, student leaders, and your future classmates as you enjoy local desserts and a champagne toast.
Questions? Ask the Admissions team!
CIL Fellows
CIL Fellows

CIL Fellows
Become an innovative leader
The CIL Fellows program is a selective, 10-month program for Flex MBA students who are committed to developing and strengthening their leadership knowledge, skills and abilities. Selected students will start the program with an immersive 2-credit residency course that focuses on evidence-based research and introduces practical tools for building self-awareness in influencing others, skillfully leading teams and navigating organization challenges and dynamics. After the course, the cohort will stay connected to each other and the program through peer coaching teams, regional leadership treks, learning seminars, a team research project, and development of a leadership growth plan.

Program overview
- 2-credit week long residency course in June 2025 taught by Prof. Michelle Barton
- Peer coaching team for accountability and feedback
- Leadership Treks (full-day, regionally located off site experiences)
- Leadership growth plan - 360 assessment, leadership coaching, and goal setting
- Monthly connect sessions for continued learning and community building
- Collaborate on research project that explores current trends and best practices in leading organizations
Application process
- Complete the online application process by December 15, 2024 using the link below or available here: https://forms.gle/CoN2dqkHWrqFC7T96
- Accepted Fellows will be notified by January 15, 2025 and will be auto-registered for the 2-credit residency course after student confirms acceptance.
- Students must attend the residency course in Baltimore June 2-5, 2025. Students are responsible for personal transportation to and from Baltimore. Lodging and meals will be covered by CIL.
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(To be completed between June 2025 and March 2026)
- Complete Fellows Residency course – June 2025
- Lodging and meals will be provided by CIL
- Students are responsible for travel and incidentals
- Participate in five virtual peer coaching sessions
- Attend at least one Leadership Trek
- Locations will be regional – Baltimore/DC, NYC, west coast, Midwest
- Students are responsible for travel, lodging, meals and incidentals
- Participate in a facilitated leadership development process
- 360 Assessment, leadership coaching, individual leadership growth plan
- Contribute to research project that highlights a salient leadership topic
- Complete Fellows Residency course – June 2025
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- Introduction to cutting edge research and evidence-based best practices for leading and influencing others
- Facilitated leadership development process that includes a 360 assessment, leadership coaching, and development of an individualized leadership growth plan
- Opportunity to connect with peer students in the FlexMBA program to build community and expand your network
- Participate in unique, immersive leadership treks that expose you to recognizable leaders and organizations in various industries
- 2-credit elective course that meets graduation requirements
- Official certificate of completion that is endorsed by the Carey Business School and can be added to your resume and professional networking profiles (LinkedIn)
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- Applicants must have an intended graduation date no earlier than May 2026
- Applicants must have completed at least 6 credits in the Flex MBA degree program and be in good academic standing before the start of the Fellows program
- Applicants must have completed the 'Leadership and Organizational Behavior' course (or the equivalent 'Leadership in Organizations' course) by June of the application year, as a prerequisite for the Fellows residency course
Want to learn more?
Attend an information session on Monday, December 2, noon-1 p.m. EST. Email us at carey_cil@jhu.edu to request the Zoom link and ask any questions about the Fellows program or application process.
“This was an eye-opening experience that changed my perspective on leadership education. We were able to learn in an interactive environment and explore situations from multiple angles, setting aside pride and preconceived notions.
We learned to explore dissenting opinions, give and receive feedback through peer coaching, create a shared vision, and hone our leadership skills in times of crises and uncertainty.”
Tonya Schnitzius, PharmD
MBA ’24

“The tools, frameworks, and experiences from the CIL Fellows program provided a trove of wisdom that I've already begun weaving professionally. The knowledge of research-based leadership practices is guiding my strategic decisions. Furthermore, team exercises have enriched my capability to lead cross-functional teams by fostering a culture of collective goal mapping and accountability.”
Vidith Huot, MBA ’25
Director/Senior Consultant at Nucleate/ZoomRx

Engage with our talent
Engage with our talent

Corporate and Strategic Partnerships
Recruitment and branding opportunities
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To request an on-campus or virtual interview, log into Handshake and click “Request a date for on-campus interviews.” Our team will reach out to connect and schedule your interview.
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Host a virtual information session or employer "pop up" (focused on immediate hiring) to identify and meet interested candidates, market your organization, and advertise jobs and internships. Increase student interest and brand visibility by scheduling sessions that convey your company's unique value proposition and hiring needs.
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MBA Corporate Networking Breakfast is an event for thought leaders to share professional development insights with Carey Business School’s full and part-time MBA students. Please connect with our team if executives from your company are interested in participating.
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Carey Business School invites industry professionals to campus to share insights and advice with students through panel discussions and industry days.
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A resume book is a great way to quickly view targeted talent for your recruiting needs. Contact our employer relations team to request resume books for Carey Business School students.
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Student organizations at Carey Business School connect students with similar interests with each other and potential employers. The Employer Relations team actively works with these clubs to co-sponsor events that connect members with each other, alumni, and employers. View Carey Business School’s student organizations here.
Job and internship postings
Post jobs and internships for students and alumni on Handshake, a private online network and career services platform. Access the entire Johns Hopkins University talent network, free of charge, through the Handshake portal. Visit the Handshake Help Center to guide you along the way.
Target Carey Business School talent with your job posting.
Register with Handshake and post a job
Customize your engagement
As an alternative to traditional recruiting events, you can customize an event to fit your specific recruiting needs and interests. Your event will be coordinated and managed by Employer Relations team. Past events have included employer pop-ups on campus, lunch and learns, happy hours, faculty and classroom connections, student club collaboration, expert panel discussions, and more. To learn more, contact the Employer Relations team.
Questions about hiring Carey students?
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About
About Us

Our Mission
The Center for Innovative Leadership aims to advance knowledge and build capacity for innovative leadership in modern organizations. Housed at the Johns Hopkins Carey Business School, the Center is a hub for new ideas and insights on leadership, combining faculty-led research, student-facing programming, and community-focused impact.
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At CIL we are focused on translating research into practice—illuminating how the latest research findings from scholars in management, organizational science, and other social science disciplines can be distilled and enacted in the daily practices of leaders across industries and around the world. We exist to support and accelerate the production of new research on leadership in today’s dynamic, complex organizations and bring that research to life through engaging student experiences and powerful industry partnerships.
We invite you to explore our website, to learn more about the work of CIL faculty, students, and industry leaders, to challenge your own assumptions about leadership, and to connect with our community of scholars and practitioners aiming to enhance innovative leadership in modern organizations.
By joining our online community, downloading our research-based Field Guides, participating in one of our developmental student experiences, or supporting CIL’s research and programming efforts, you are helping to advance the science and practice of leadership and chart new paths for success in the world of work. We’re glad to have you with us!
Yours in Leadership,
Mike Doyle, MEd
Executive DirectorChristopher Myers, PhD
Faculty Director
Our History
Advancing knowledge and developing effective leaders have long been core goals of the Carey Business School, and moreover are evident throughout the research efforts and student programming across all of Johns Hopkins University. At Carey, programs for student leadership development and coaching were launched alongside the school’s new full-time degree programs when the school was named and founded in 2007, while at the same time researchers studying leadership in modern organizations were recruited from top business schools across the country to join Carey’s new full-time faculty.
The first roots of CIL can be traced back to activities in the school’s Office of Experiential Learning, where some of the Center’s signature programming, including the Leadership Development Expedition course, were launched by Mike Doyle (then Director for Integrated Learning in the Office of Experiential Learning) and Chris Myers. Through additional faculty and staff collaborations, a variety of other programs and opportunities for students to engage with leadership research were developed and offered as co-curricular experiences.
In 2020, facing the height of the COVID-19 pandemic, Doyle and Myers began discussions with senior leaders at the Carey Business School, including then-Vice Dean for Faculty and Research Valerie Suslow, to launch a new initiative focused on innovative leadership solutions. Recognizing that leadership was at the heart of organizational responses to the kinds of crises and challenges revealed by the pandemic, they sought to centralize existing efforts and expand new opportunities to both expand and disseminate knowledge about how to lead in innovative ways in the new world of work.
In late 2021, Carey Business School Dean Alex Triantis, with approval from Johns Hopkins University leadership, formally announced the launch of the Center for Innovative Leadership to advance knowledge and build capacity for innovative leadership in modern organizations
The Center began formal programming in 2022, and since then has expanded its offerings to include several signature student experiences, including the CIL Fellows program, the MBA Leadership Challenge, and the Leadership Development Expedition courses. The Center has also convened a group of Core Faculty and Affiliates who advance the science and practice of leadership, sharing their expertise in a range of media articles and outlets, and working directly with industry as thought leaders on the challenges facing modern organizations.
“CIL will be the school’s “hub” for leadership research and engagement, providing resources to support and extend the impact of faculty research on leadership, while also translating this research into dynamic leadership development experiences and programming for Carey students.”
Dean Alexander Triantis, October 2021
Our Philosophy

The Center for Innovative Leadership draws its philosophy from the research and scholarship of Center co-founders Michael Doyle and Christopher Myers, who developed a framework of Present Moment Leadership based on careful review of extant literature and consideration of the challenges facing leaders at all levels (not just the C-suite) in today’s world of work.
Building on decades of research in behavioral and situational theories of leadership, Doyle and Myers’ Present Moment Leadership (PML) model focuses on leadership as the moment-to-moment enactment of differing levels of three interrelated dimensions: Empathy, Competence, and Agility.
- Organizations are more interdependent and collaborative than ever before, and leaders who engage others with empathy are often those best positioned to bring together the diverse experiences, insights, and expertise needed to generate innovative solutions.
- As the world of work grows in complexity, building competence in emerging knowledge domains, as well as core business fundamentals, is necessary to keep pace and guide organizations to innovative solutions.
- Leading modern organizations requires agility and a readiness for change, understanding when to let go of old habits and embrace new ideas, and how to flexibly navigate new challenges and innovations.
The PML model reveals that effective leaders are those who can 1) accurately assess the needs of the current moment and 2) deploy the right combination of empathy, competence, and agility to meet those needs. Every moment – whether working with a new team, facing an unexpected challenge, or taking over an existing project – presents leaders with a different set of needs, and the most effective leaders find innovative ways to combine the right amount of empathy for others, the right extent of their own skills and competence, and the right degree of agility and willingness to embrace different approaches.
In other words, effective leadership is considering in your mind – and more importantly, answering in your actions – the simple question: “What does this moment ask of me as a leader?”