Why the MLPD at Texas A&M University?
The majority of graduate real estate programs in the U.S. and abroad prepare students to become appraisers, financial analysts, brokers or lenders. In these programs commercial real estate development is the primary focus with an emphasis on investment and redevelopment or development on a prepared building site.
In addition to these learning objectives, the MLPD program prepares students to become site developers. Financial feasibility and valuation are only part of the skills required to create sustainable value in a real estate project. Successful developers must also know how to acquire property, create a development program involving site-specific analyses, and assemble a multi-disciplined team of consultants to address site specific challenges and opportunities, obtain regulatory approval, design, build and operate a real estate enterprise.
This program provides specific training in all these areas but with a particular emphasis on land development. Unique to this program, students also learn the land subdivision process, negotiating development agreements, infrastructure design and financing (including the creation of municipal utility districts), venture structuring, single-unit sales financial modeling and all manner of land, lot and construction contracts.
The curriculum presented in the core courses of the MLPD program prepares students for success in the real estate industry. Students graduate from the MLPD program with the core knowledge and competencies sought by hiring real estate development firms. The Texas real estate market has been historically strong. A&M’s location in the middle of the Texas Triangle (between Dallas-Fort Worth, Houston, Austin and San Antonio), the nation’s fastest growing mega-region, allows students the ease of tapping into a massive real estate development market.
The program teaches the process of development using a practical approach. When former students return to the program to tell of their experience in the real estate industry, they come back saying they use what they learned in this program every day. Beyond the classroom, student organizations such as the Real Estate Development Association provide direct access to real estate development professionals and create opportunity for significant professional development. This is achieved via field trips, a speaker series, and networking events with groups such as the Urban Land Institute (ULI) and the Aggie Real Estate Network.
Texas A&M is consistently ranked as a top 25 public institution of higher education in the United States. The university ranks atop many lists including “payback ratio,” “best value,” “great schools, great prices,” “best university,” and “best prepared graduates for the workforce,” to name a few (for a list of rankings and recognitions, visit the About Texas A&M page).
Students with a degree from Texas A&M represent and share to the world the core values of the university: excellence, integrity, leadership, loyalty, respect, and selfless service.
As mentioned above, Texas A&M has been recognized for the value it provides students, especially for what it costs. The Land Development program offers several graduate assistantships and scholarships, and the Scholarships & Financial Aidoffice provides information regarding outside and university related scholarship opportunities, applying for financial aid, finding a job on or off campus, managing finances, among other resources.
A tuition and fee calculator can be found at the Student Business Services website. Additionally, the cost of attendance (COA) is calculated with college tuition as well as basic living expenses on the Scholarships & Financial Aid website.
Students of Texas A&M feel a sense of camaraderie unlike any other university. Students become part of the Aggie Network, made up of over 670,000 former students. Upon substantial completion of coursework, Aggies can receive their Aggie Ring, a respected symbol of excellence recognized the worldwide. The ring worn by all Aggie graduates is the same except for the class year. This serves as a common link for former students. When an Aggie sees the ring on another Aggie's hand, a spontaneous reunion occurs.
Established in 1984 as the Master of Science in Land Development, the MLPD program is a tradition-rich program at a tradition-rich university. The MLPD program has a long record of providing education focused on real estate fundamentals, which has brought it decades of success. With over 300 graduates, the Land Development program has made a name for itself in the real estate development industry.
Texas A&M’s endowment of $5 billion ranks it as the fourth largest among public universities in the United States. This provides ample resources for students. Some resources available to students in the Land and Property Development program include:
The Real Estate Center at Texas A&M University – The Center is the nation's largest publicly funded organization devoted to real estate research. The Center's staff conducts research on financial, socioeconomic, public policy, trade, legal, land use and local market analysis issues related to real estate.
Aggie Real Estate Network – Professional organization comprised of Texas A&M graduates spread throughout the country, who are leaders in their particular facet of the real estate industry, ranging from valuation professionals to financial advisers and lenders, feasibility experts, developers and managers and owners of real estate, just to name a few. The group frequently holds networking events and seminars to support A&M’s real estate professionals.
College of Architecture – With an enrollment of over 2,100 students and an over 100-year history, Texas A&M’s College of Architecture is one of the largest architecture colleges in the nation and has the reputation to match. In addition to playing host to the MLPD program, the college is also home to the 2nd ranked Landscape Architecture program in the nation and the distinguished Construction Science and Urban Planning programs.
Dwight Look College of Civil Engineering - The Look College is one of the largest engineering schools in the country, ranking third in undergraduate enrollment and ninth in graduate enrollment. The college ranks No. 8 in the country for its undergraduate programs, No. 6 for it graduate programs, and boasts the 8th best civil engineering graduate and undergraduate program.
Mays Business School – With a list of rankings too long to mention, the Mays Business School provides students ample opportunities to learn the ins-and-outs of business management.
Aggie Network – Over 670,000 former students form one of the most highly regarded alumni groups in the world. Aggies instantly connect with other Aggies in business, and the Association of Former Students helps to strengthen the bonds between all Aggies. Nearly 250 active A&M clubs are spread throughout the world, so no matter where you end up after graduation, you’ll always have your Aggie Family close by.
Texas A&M University Career Center – The Career Center is home of one of the largest campus recruiting programs in the United States. The Career Center has received National and Regional recognition for its many best practices, including the mock interview program, career coordinators, and former student career services. They provide assistance with resume/cover letter writing, networking opportunities, workshops, and job/internship searching.
Texas A&M University Scholarships & Financial Aid Office – The Scholarships & Financial Aid office provides information regarding outside and university related scholarship opportunities, applying for financial aid, finding a job on or off campus, managing finances, among other resources.
CCIM Certification – University Fast Track – Students graduating from the Land Development program are also eligible for CCIM (Certified Commercial Investment Member) Institutes’s University Fast Track program. Graduates of the Land Development program receive credit for the following CCIM courses: CI 101 Financial Analysis, CI 102 Market Analysis, and CI 104 Investment Analysis. See CCIM’s University Fast Track Website for more information. Click here for the application specific to Texas A&M University.