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Master of Land and Property Development

The Master of Land and Property Development (MLPD) at Texas A&M is where real estate design meets business. You’ll learn to pair business and finance with physical planning, design and construction to develop residential and commercial properties.

You will also gain the practical skills needed to succeed in the real estate industry. We will prepare you to convert land from one use to another, from selecting the right piece of land to developing the property.

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Where Design Meets Business

One of the few real estate development programs in the nation, our MLPD program attracts students from many academic disciplines. It boasts the quickest master’s track in the college, with most graduates completing the program in 15 months.  After completing the program, you will be able to: 


About the program

The MLPD draws from all of the disciplines in the College of Architecture to turn an idea into a place. We approach real estate from a holistic, interdisciplinary perspective that’s rooted in land development education. Our coursework will equip you to acquire, create and invest in projects with sustainable value. Unique to this program, you’ll also learn how to subdivide land, negotiate development agreements, and assemble a team of consultants to develop and operate a real estate enterprise.

Our program teaches the process of development using hands-on and experience-based approaches. Beyond the classroom, student organizations such as the Real Estate Development Association provide direct access to real estate development professionals throughout the state. Field trips, a speaker series, and networking events with groups such as the Urban Land Institute (ULI) develop our students academically and professionally.

Our MLPD program also provides a fast track for students to earn the CCIM designation after graduation.

Areas of Emphasis


Careers

Texas A&M’s central location between Dallas/Fort Worth, Houston, Austin, and San Antonio will allow you to easily tap into major real estate development markets. Texas A&M is located in one of the fastest growing regions in the nation, and it presents a setting for commercial enterprises that are historically strong.

Our program also provides a fast track for students to earn the Certified Commercial Investment Member (CCIM) designation after graduation.

Some of our notable graduates include:

CEO, Midway Companies

Jonathan Brinsden

Mixed use development or commercial development

Regional Director, Zonda

Lawrence Dean

Market research

Managing Partner, Espada Real Estate and Espada Capital

Brent Conlin

Retail development

President, Genesis Collaborative

Lisa Nickel

Residential development and consulting

Executive VP and Partner, Caldwell Companies

Peter Barnhart

Residential and commercial development

Partner, Fore Property Company

Allison Burk

Multi-family development

Vice President, Houston Ashlar Development

Michael Miller

Master planned communities

Senior Vice President, Broadway Bank

Andrew Ozuna

Commercial lending/banking


Curriculum

Our curriculum is curated by experienced practitioners to teach how ecologically, socially, and financially sensible development ventures are created.

Your path to graduation will vary depending on your previous work and educational experience. Prospective students that do not have prior coursework in finance-related fields are advised to complete FINC 635 and ACCT 640, or complete financial training courses offered by one of several industry associations such as ULI, CCIM, NAIOP or REFM.

For detailed information about each course, see the Graduate Catalog (PDF).

Fall Admission Suggested Course Progression

Year 1 25 credit hours

Fall Semester – 12 credit hours

FINC 664 Market Analysis for Development 3 credit hours
Techniques and data sources for market analysis for development; analysis for housing development; trade area analysis and market analysis for retail development; analysis for office, industrial parks and for specialized development.
LDEV 667 Design and Development Economy 3 credit hours
Interface between the physical and financial dimensions in the design and development process to achieve building and project economics; creating a physical product and a financial venture that responds to social and environmental concerns and to market economy and feasibility analysis.
LDEV 687 Development Feasibility & Design I 3 credit hours
Selected residential and income property development projects and case studies are analyzed with respect to the following due diligence determinations: financial feasibility; legal, social and entitlement feasibility; physical feasibility including site analysis; and product design.
LDEV 669 Income Property Development 3 credit hours
Commercial land development program identification, implementation and completion strategies utilized to produce socially acceptable, environmentally sustainable and financially feasible properties. Emphasis is placed on site evaluation, financial feasibility, and investment analysis.

Spring Semester – 12 credit hours

LDEV 661 Site Development 3 credit hours
Methods and techniques used in maximizing the productive potential of a development site. Emphasis is placed on analyzing the opportunities and challenges inherent in every property, and through efficient infrastructure and product design and construction, creating a product that meets or exceeds development expectations.
LDEV 668 SFR Land Development 3 credit hours
Strategies, methods and techniques used in residential land development including: residential land development business organizations and ownership structures, single family lot deal structuring, feasibility, financing and financial analysis, planning and design.
DEV 689 Fundamentals of Entrepreneurial Real Estate 3 credit hours
FINC 676 Commercial Real Estate Law 3 credit hours
The subject of this course is commercial real estate law: legal ownership interests, choice of entity, sales and closings, and lease, note, and deed of trust analysis, among other topics.

Summer Semester – 1 credit hour

LDEV 684 Professional Internship 1 credit hour
Professional practice under approved arrangement with public or private land or real estate development agencies in the United States or abroad.
Year 2 11 credit hours

Fall Semester – 11 credit hours

LDEV 663 Introduction to Project Management 3 credit hours
This course focuses on the management of the land development project from land acquisition through project dissolution. Emphasis is placed on both office and field operations during the pre-development, development construction, and post development phases.
FINC 670 Real Property Analysis 3 credit hours
Provides foundational understanding of economic and financial analytical techniques used to evaluate income-producing real estate. Students learn the mathematics of present value analysis, then they apply the techniques to estimate market values and investment values to evaluate the financial feasibility of real estate projects.
DEV 688 Development Feasibility and Design II (Capstone) 3 credit hours
Plans and venture structures for selected residential and non-residential development projects of varying size analyzed by student multidisciplinary teams with respect to the following; economic feasibility and cash flow and site and design plans and costs.
LDEV 685 Directed Studies(Online Portfolio) 2 credit hours
Creation of an online portfolio demonstrating the knowledge and competencies obtained in the Master of Land and Property Development coursework. Undertaken as the terminal requirement for the Master of Land and Property Development degree.

* Leveling course – not included in 36 total credit hour program requirement 

Download Fall Admission Course Progression (PDF)

Spring Admission Suggested Course Progression

Year 1 13 credit hours

Spring Semester – 12 credit hours

LDEV 667 Design and Development Economy 3 credit hours
Interface between the physical and financial dimensions in the design and development process to achieve building and project economics; creating a physical product and a financial venture that responds to social and environmental concerns and to market economy and feasibility analysis.
LDEV 668 SFR Land Development 3 credit hours
Strategies, methods and techniques used in residential land development including: residential land development business organizations and ownership structures, single family lot deal structuring, feasibility, financing and financial analysis, planning and design.
LDEV 661 Site Development 3 credit hours
Methods and techniques used in maximizing the productive potential of a development site. Emphasis is placed on analyzing the opportunities and challenges inherent in every property, and through efficient infrastructure and product design and construction, creating a product that meets or exceeds development expectations.
FINC 670 Real Property Analysis 3 credit hours
Provides foundational understanding of economic and financial analytical techniques used to evaluate income-producing real estate. Students learn the mathematics of present value analysis, then they apply the techniques to estimate market values and investment values to evaluate the financial feasibility of real estate projects.

Summer Semester – 1 credit hour

LDEV 684 Professional Internship 1 credit hour
Professional practice under approved arrangement with public or private land or real estate development agencies in the United States or abroad.
Year 2 23 credit hours

Fall Semester – 12 credit hours

LDEV 664 Market Analysis for Development 3 credit hours
Techniques and data sources for market analysis for development; analysis for housing development; trade area analysis and market analysis for retail development; analysis for office, industrial parks and for specialized development.
LDEV 663 Introduction to Project Management 3 credit hours
This course focuses on the management of the land development project from land acquisition through project dissolution. Emphasis is placed on both office and field operations during the pre-development, development construction, and post development phases.
LDEV 669 Income Property Development 3 credit hours
Commercial land development program identification, implementation and completion strategies utilized to produce socially acceptable, environmentally sustainable and financially feasible properties. Emphasis is placed on site evaluation, financial feasibility, and investment analysis.
LDEV 687 Development Feasibility and Design 1 3 credit hours
Selected residential and income property development projects and case studies are analyzed with respect to the following due diligence determinations: financial feasibility; legal, social and entitlement feasibility; physical feasibility including site analysis; and product design.

Spring Semester – 11 credit hours

LDEV 689 Fundamentals of Entrepreneurial Real Estate 3 credit hours
Credits 1 to 4. 1 to 4 Lecture Hours.

Selected topics in an identified area of land development. May be repeated for credit.
Prerequisite: Approval of instructor.
FINC 676 Commercial Real Estate Law 3 credit hours
The subject of this course is commercial real estate law: legal ownership interests, choice of entity, sales and closings, and lease, note, and deed of trust analysis, among other topics.
LDEV 688 Development Feasibility and Design II (Capstone) 3 credit hours
Plans and venture structures for selected residential and non-residential development projects of varying size analyzed by student multidisciplinary teams with respect to the following; economic feasibility and cash flow and site and design plans and costs.
LDEV 685 Directed Studies (Online Portfolio) 2 credit hours
Creation of an online portfolio demonstrating the knowledge and competencies obtained in the Master of Land and Property Development coursework. Undertaken as the terminal requirement for the Master of Land and Property Development degree.

* Leveling course – not included in 36 total credit hour program requirement *

Download Spring Admission Course Progression (PDF)

FAQ about the program

Do you offer the program online?

We expect to launch an online program in the Fall of 2021. We are awaiting final approval. If you would like to apply for the online program, please complete the MLPD application and contact Tim Early or Brandi Blankenship.

What are the differences between the MLPD and MRE programs?

Both programs are excellent preparation for careers in real estate. The MLPD program focuses more on the physical parts of development — development conceptualization, site acquisition, and site development — while the MRE program focuses on the financial aspects of real estate.

Will the program find an internship for me?

An internship with a real estate related company is required for graduation. Students are required to locate and negotiate their summer internship.


Applying to the MLPD Program

FAQ about the admissions process

What do we look for in an applicant?

Students may come from any disciplinary background, but some of the most common are architecture, landscape architecture, urban & regional planning, engineering, finance, and business. We value applicants with work experience, and with evidence of an entrepreneurial spirit.

What do I need to include in my application?

Submit your application at Texas A&M GradCas along with a non-refundable application fee. The fee may be waived only in exceptional cases for low-income applicants and McNair Scholars.

Your application should include the following:

  1. Official transcripts from all colleges or universities you have attended
  2. Required test scores (GRE or GMAT)
  3. 3 letters of recommendation (academic references preferred)
  4. Statement of Purpose essay
  5. Résumé or Curriculum Vitae

Read more about the Master of Land and Property Development application requirements

What are the admissions deadlines?

The application deadline is December 1st. Complete application packages received after December 1st cannot be assured full consideration.

Applications received prior to April 15th may be considered as openings permit.

No applications will be considered after April 15th.

How much does it cost to attend?

The cost to attend varies depending on a variety of factors, including semester of admission, student type, how many hours you take per semester, and rate type. Use the Texas A&M Tuition Calculator to get the best estimate of your tuition cost per semester.

Additional costs to consider include course materials, housing, meal plans, parking, and fees.

How much does it cost to attend?

The cost to attend varies depending on a variety of factors, including semester of admission, student type, how many hours you take per semester, and rate type. Use the Texas A&M Tuition Calculator to get the best estimate of your tuition cost per semester.

Additional costs to consider include course materials, housing, meal plans, parking, and fees.

What kinds of financial aid does the program offer?

The department and college both offer both scholarships and assistantships to students. About one-third to one-half of students receive some sort of assistance.  Assistantships in the department involve a 20-hour a week work commitment and include a monthly stipend (salary).  Scholarships range from $1,000 to $10,000.  All applicants are considered for financial assistance without an additional application needed.

Who can I go to for questions?

For more information about the Master of Land and Property Development program, please contact Tim Early, MLPD Program Coordinator, at time86@arch.tamu.edu.

Questions about application requirements and process can be directed to Brandi Blankenship at bblankenship@arch.tamu.edu.


Earn your degree where you are

Same program, more flexibility. Beginning fall 2021, you can earn your degree where you already are. Courses will be offered asynchronously, so you can take classes while keeping your day job.