Real Estate and Economic Development

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Why This Specialization is For You

See Where the world's largest asset class will take you.

Real estate is a massive part of our economy—and for people who understand its business complexities, it’s filled with potential. By specializing in real estate and economic development, you’ll be among the exclusive few with access to Maryland’s only undergraduate real estate business program and all the experiences that come with it. 

Business and Entreprenuership

Business and Entreprenuership

Program Type

Bachelor of Science
B.S.

Locations/Format

UBalt Campus
• Courses are offered on campus and online.

Cost

Undergraduate
Tuition & Fees

Requirements

All Degree Requirements

120-credits to earn a degree:

  • 38 General Education
  • 27 Lower-Division Business
  • 31 Upper-Division Business Core 
  • 15 Specialization and Electives
  • Guide to Graduation

Real Estate and Economic Development Specialization

B.S. in Business Administration

Whether you aspire to make an impact on your city's infrastructure and public spaces, or create jobs and attract investments, or just improve the quality of life for others, real estate and economic development transforms communities and directly impacts our lives on a daily basis.

Career Tracks

As a real estate and economic development major, you'll delve into the intricacies of business management and gain the knowledge and skills essential for success in the real estate field.

To help you navigate your future, our real estate and finance faculty has curated specific course clusters that align with three distinct career paths. While these tracks provide a solid foundation, remember that real estate and economic development are diverse fields and offer numerous opportunities.

Our flexible program empowers you to customize your coursework and align it with your unique career goals.
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Development and Entrepreneurship

Real estate development transforms potential into reality. Learn the processes involved in revitalizing communities, from acquiring raw land to selling developed properties. Discover the pride of shaping cities and seeing buildings rise.
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Finance and Investment

You’ll acquire the essential skills needed to evaluate real estate investment opportunities, develop proformas, models and projections, smartly leverage debt and equity, and conduct market analyses for for new and rehabilitated apartments, retail centers, office buildings, industrial buildings, and hotels.
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Property Management and Brokerage

As a property manager, you'll help owners construct budgets, advertise and market rental properties, qualify residents, collect rent, comply with local landlord-tenant and real estate board laws, and maintain properties. As a broker, you'll be the main connector for the buyers and sellers in facilitating transactions.

Transformation STARTS WITH YOU.

A business degree with a focus on real estate and economic development offers a versatile and rewarding career path. The field has the power to shape cities and regions, improve the lives of people, and drive economic growth. By understanding the transformative potential of this field, professionals can work to create sustainable, equitable, and thriving communities. Here are some compelling reasons to consider this academic pursuit:   

  • Technological Advancements: New technologies are revolutionizing the way real estate and economic development are approached. AI, big data, and virtual reality are transforming how properties are valued, marketed, and managed. Embracing these tools can give you a competitive edge and open up new opportunities.

  • Evolving Urban Landscapes: Cities and towns are undergoing significant changes due to factors like remote work, sustainability concerns, and demographic shifts. This presents a unique opportunity to shape the future of urban development and create vibrant, resilient communities.

  • Strong Demand for Housing and Commercial Space: Despite recent market fluctuations, the demand for housing and commercial space remains strong. This presents a variety of opportunities for investment, development, and property management.

  • Positive Impact on Communities: Real estate and economic development professionals play a crucial role in revitalizing communities, creating jobs, and improving quality of life. Contributing to positive change can be personally fulfilling and offers a sense of purpose.

By majoring in real estate and economic development, you can position yourself for a successful and rewarding career that has a positive impact on communities.

What Our Graduates Do

Upon graduation, you'll have essential skills to thrive in both for-profit and non-profit sectors. You'll be well-prepared for success, from mastering software like ARGUS and Co-STAR to understanding property management, real estate law and finance.

Common Roles

  • Business analyst
  • Commercial lender
  • Community manager
  • Data analyst
  • Developer
  • Property manager
Dean Raju Balakrishnan and three male Merrick School of Business students

A Message from Dean Raju Balakrishnan

A degree from the Merrick School of Business is more than just a qualification; it's a passport to a world of opportunity.
Raju Balakrishnan, Ph.D. Dean, Merrick School of Business
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Zoe Rubinstein

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Zoe Rubinstein

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Zoe Rubinstein

Data Acquisition Project Manag

Zoe Rubinstein

Data Acquisition Project Manag

Zoe Rubinstein

Data Acquisition Project Manag