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Why the MLPD at Texas A&M University?

Unique

The MLPD program is an inter-disciplinary program that provides students with a practical understanding of the industry and all aspects of real estate development. 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.

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.

Relevant

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 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.

Practical

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.

Affordable

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.

Tradition

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 graduates working throughout Texas, nationally, and world-wide, the Land Development program has made a name for itself in the real estate development industry.

Resources

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: