PhD Real Estate

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A Doctor of Philosophy in Real Estate allows students the opportunity to focus on various topics, such as urban studies, governmental policy and business administration. Most real estate doctoral programs have Ph.D. candidates teach basic courses to undergraduate students.
The doctoral program in Real Estate offers students with strong backgrounds in finance and economics the opportunity to focus their studies and their research activities on a broad range of topics in real estate, capital markets, housing and urban economics. The purpose of the program is to train individuals for academic positions in real estate and finance and technical research positions in industry. Doctoral students are exposed to state-of-the-art treatments of a variety of current issues in real estate, including structured financing, contract design and pricing, regulatory issues in real estate finance, real estate cycles, real options, agglomeration economies and the structure and operation of mortgage, housing and land markets.



The doctoral program in Real Estate is closely aligned with the doctoral program in finance. The normal course sequence for Real Estate requires students to fulfill all of the requirements of the finance major as well as a doctoral course in Real Estate and the Real Estate research seminar. Students are expected to demonstrate a command of micro- and macro-economic theory, econometric and statistics, basic finance, and urban economics, local public finance, and real estate finance. Students should bear in mind that they will carry additional course loads to accommodate the somewhat greater range of materials required to understand how modern research methodologies are applied to real estate problems and issues.

The Ph.D. program in real estate prepares individuals for careers in research and teaching at the university level. The program is highly quantitative and provides a strong foundation in financial and economic theory as well as in mathematical statistical techniques. Through a program of elective courses and dissertation research, students specialize in particular areas of real estate economics and finance. Typically, at least four years is required between the time a student enters the program and the time the dissertation is completed.



Admission to doctoral programs can be competitive and applicants are expected to possess an undergraduate degree in a field associated with real estate, business or finance. A number of applicants to real estate doctoral programs already have graduate degrees.



Students receiving a doctoral degree in real estate might be asked to take classes in land use regulation or architecture history. Other classes may include:

  • Real estate valuation
  • Asset management
  • Urban planning
  • Housing econometric
  • Real estate finance