Thanks to a $5 million donation from a mysterious benefactor, Auburn University has unveiled a new Institute for Real Estate Development that will help Auburn establish itself as a national hub for real estate education, thought leadership, professional development, and research innovation in all key property sectors.
The Auburn Master of Real Estate Development, otherwise known as the MRED program, is a joint executive graduate degree offered by both the Raymond J. Harbert College of Business and the College of Architecture, Design, and Construction. The new institute will offer education to working professionals through the already-existing MRED executive degree program. Funding provided by the donation will allow Auburn University to facilitate a fully integrated real estate development program that draws on knowledge of engineering, e-commerce, hospitality management, finance and investment structures, design, contract and build, and other disciplines. Auburn University also hopes to expand its degree offerings to a wider student body by creating a real estate minor for undergraduates and new graduate-level certificates linked to real estate.
As the property industry gets more technologically advanced, there is an increasing need for professionals who can manage a new degree of sophistication due to shifting real estate trends. By conducting and sharing authoritative real estate research, Auburn University’s newest institute will assist the real estate industry to better comprehend advancements in tech in property development.