GMU rolls out a new master’s degree in real estate development

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George Mason University will offer a new master’s degree in real estate development this September. The State Council of Higher Education has approved the program for GMU, located in Fairfax County just outside Washington, D.C

Washington is one of the largest metropolitan areas in the U.S. While development projects are scarce now, it consistently ranks as one of the strongest real estate markets in the world. Moody’s estimates that the Washington area will grow 2.5 percent from mid-2008 through mid 2010, as the federal government boosts spending to stimulate the economy and fix the financial system.

GMU already is home to the Center of Real Estate Entrepreneurship (CREE).  Leading the new program will be Anthony B. Sanders from Arizona State University. He begins his appointment July 1. The 36- hour master’s program will offer three tracks: development, finance, and sustainability and the environment. Mark Hassinger, president of WestDulles Properties Inc. and chairman of CREE’s advisory board chairman, said in a statement that the program “… is being developed at the right time given the current challenges of an ever-changing real estate environment.” 

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