Master's in Real Estate Development Program

I am delighted to announce that the Master of Real Estate Development (MRED) program will launch a new graduate-level Certificate in Affordable Housing, recently approved by the State Council of Higher Education for Virginia (SCHEV).

Lessard is a key player in the specialty design niche of office space to residential conversions in the DMV market and beyond. Today the firm shares with us their valuable insight into that process.

Twelve years ago, Stephanie Moumen was a real estate professional in the DMV working for a medium-size construction management firm. Her job was narrowly focused on construction management for boutique buildings around the Nation’s Capital. While raising four elementary school kids, Stephanie found the time to evaluate her career: she was in a highly specialized box with little mobility. She needed to broaden her real estate skills beyond construction management to development.

Yes, they can!

Over the last seven years, George Mason University graduate students have successfully financed real estate development through an actively-managed private equity fund. These students are enrolled in Mason’s Masters in Real Estate Development (MRED) program; and manage the multimillion-dollar Patriot Real Estate Fund as part of their coursework in the program.

The Costello College of Business at George Mason University is pleased to announce the 2024-2025 Graduate Students of the Year. These individuals exemplify the highest standards of academic excellence, leadership, and dedication to their field.

Our Spotlight this issue is on George Pratt, a member of the Spring 2025 MRED Graduating Class. George obtained his undergraduate degree in Economics at Sewanee: The University of The South in 2017 and soon thereafter started his professional career with Elm Street Development (MD), where he was Project Manager for Land Development.

The Capstone Class was designed as the culmination of the Costello College of Business’ Master of Real Estate Development (MRED) program at George Mason University. As one of their last classes, graduating students form a Development Team that closely simulates working in the private sector.

Our spotlight this issue is on George Pratt, a member of the spring 2025 Costello College of Business MS in Real Estate Development (MRED) graduating class.

The capstone class was designed as the culmination of the Costello College of Business's Master of Science in Real Estate Development (MRED) program. As one of their last classes, graduating students form a development team that closely simulates working in the private sector.

Meet Bo Galles, our Costello MS in Real Estate Development Student Ambassador, who brings his experience as a retail broker at KLNB, specializing in pad sites and new construction projects. He encourages aspiring candidates to join industry organizations like NAIOP and attend networking events to build valuable connections.