Center for Real Estate Development
The Kenan Institute's Center for Real Estate Development (CRED) provides leadership through global education, research and outreach to help business leaders create and manage the built environment in ways that ensure positive impact and sustainable results.
The Center offers the only program in real estate education from a top-ranked business school that is based in the context of real estate development. Without these skills, the ability to structure a project's financials is often not enough to support a successful outcome.
- Shapes business leaders with the knowledge, skills and perspective needed to effectively manage the issues of suburban sprawl, new urbanism and concern for smart growth
- Reflects the growing importance of real estate practitioners' ability to manage financial, legal and design issues and community concerns for smart growth and sustainability
- Offers breadth and depth in the areas of land use and public approvals, physical development, feasibility and financial analysis and real estate capital markets
Launched in 2001, the Center for Real Estate Development traces its history back to the creation of the School's first real estate course in 1976, an interdisciplinary curriculum in 1984, and two years later, the establishment of a joint MBA/Master of Regional Planning (MRP) degree program. In 1999, UNC's Kenan-Flagler Business School began offering a concentration in real estate development for students in the MBA Program.
History of the Center
The launch of the Center for Real Estate Development in 2001 signaled the commitment of UNC Kenan-Flagler and its Kenan Institute to provide pre-eminent leadership in the field of real estate development. This commitment is fitting for the School named in part for legendary real estate developer and entrepreneur Henry Morrison Flagler, who bought and developed the thriving Florida coastline from Jacksonville to Miami during the late 1800s.
The School introduced its first real estate course in 1976. In 1984, UNC Kenan-Flagler and UNC-Chapel Hill's Department of City and Regional Planning received a competitive three-year grant from the Urban Land Institute (ULI) to establish an interdisciplinary development curriculum in real estate. ULI wanted students to understand and be prepared to address the broad spectrum of issues related to developing the built environment.
In 1986, UNC Kenan-Flagler and planning department extended their collaboration by approving a joint MBA/MRP degree program, bringing together faculty and students from both disciplines in a unique learning partnership recognized by ULI in 1990 as "a model for new real estate programs" that placed the program "in the forefront of real estate education."
In 1999, UNC Kenan-Flagler adopted a real estate concentration as one of seven areas of concentration that MBA students may pursue as part of their degree. This move recognized the excellence and impact of the School's real estate curriculum and the critical need for innovative thinking and leadership in this sector.
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Real Estate Development