Master of Real Estate and Infrastructure (MREI) Viewbook 2019

2019 – 2020 Masters Programs

Schulich School of Business

MREI Master of Real Estate & Infrastructure

Earn the credentials you need for the career you want, with a highly specialized 12-month Masters program.

MREI

MASTER OF REAL ESTATE & INFRASTRUCTURE

Build your career on a solid foundation with this specialized program for leaders, entrepreneurs and city builders in both real estate and infrastructure.

ADDITIONAL MASTERS PROGRAMS AT SCHULICH

MAcc

MMgt

Position yourself for a challenging career in accounting with the CPA-Accredited MAcc, an intensive program that prepares graduates to write the Common Final Examination upon graduation.

Build your knowledge of the major disciplines of management with this unique program designed for high-achieving graduates from non-business backgrounds.

MASTER OF ACCOUNTING

MBAN

MASTER OF BUSINESS ANALYTICS

MASTER OF MANAGEMENT

MMKG

MASTER OF MARKETING

Become an expert in the booming field of Big Data and gain a competitive advantage by earning a SAS™ certification.

Equip yourself for the dynamic world of marketing as you master state-of-the-art tools and grow your literacy in analytics, advertising and consumer behaviour.

MF

MSCM

MASTER OF FINANCE Gain access to a career in investment banking, risk or asset management and cover a significant portion of the CFA body of knowledge.

MMAI

MASTER OF MANAGEMENT IN ARTIFICIAL INTELLIGENCE Learn to develop, evaluate, refine and implement AI-related applications and technologies for business.

MASTER OF SUPPLY CHAIN MANAGEMENT Develop the analytical and managerial skills needed to design creative supply chain solutions in this rigorous, experiential program offered both full- or part-time.

On the cover: Ali Arabsalmany (MREI ’18) VP of Operations, Atena Construction Group

MESSAGE FROM THE DEAN

Shape Your Future

The global business landscape is hyper-competitive, turbulent and complex.

Managing effectively requires a global mindset and multi-stakeholder thinking that tackles the social, economic and environmental challenges facing business today.

It also requires the ability to explore a problem from multiple perspectives, to reframe it, and push through to actionable solutions.

At the Schulich School of Business, we have developed eight distinct specialized Masters programs that will equip you to thrive in this new business paradigm – one that our School illustrated in the groundbreaking book Re-Imagining Capitalism published in collaboration with McKinsey & Company. Our Masters degrees are designed to deliver in-depth functional and industry knowledge, strengthen your technical expertise and give you a clearly defined career advantage.

Gain hands-on experience at one of our cutting-edge labs and research hubs at our new Rob and Cheryl McEwen Graduate Study & Research Building. The building is home to our Centres of Excellence where we are global leaders in industries of the future, including business analytics, infrastructure and artificial intelligence.

Chart a course to achieve your career objectives with a Schulich 12-month Masters degree.

Dezsö J. Horváth, PhD, CM Dean & Tanna H. Schulich Chair in Strategic Management Schulich School of Business

Canada’s Top-Ranked Business School Global Reach. Innovative Programs. Diverse Perspectives.

Schulich MBA: #1 IN CANADA ( Forbes, CNN Expansión, Corporate Knights, América Economía) #3 IN THE WORLD (Corporate Knights) Kellogg-Schulich Executive MBA: #1 IN CANADA (Financial Times, The Economist, QS TopMBA) #6 IN THE WORLD (QS TopMBA) #8 IN THE WORLD (The Economist)

Global Reach. Innovative Programs. Diverse Perspectives.

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Master of Real Estate & Infrastructure (MREI)

Build your career on a solid foundation with a program designed to develop tomorrow’s leaders in real estate and infrastructure.

GROW YOUR CAREER IN AN EXPANDING AND EVOLVING SECTOR Real estate and infrastructure have taken on a new importance as building blocks in today’s global economy, with increasing recognition that successful and sustainable cities are the ecosystems for business formation, innovation, and economic growth. This dynamic coincides with the growing importance of “real assets” in both institutional and individual asset portfolios.

Real estate and infrastructure investment is driving increased demand for highly qualified professionals that understand both industries as well as the connections between them.

The 12-month Master of Real Estate & Infrastructure (MREI) builds upon the reputation and expertise of the MBA specialization in Real Estate & Infrastructure.

Schulich has a strong and innovative tradition in real estate and infrastructure education that is highly regarded by industry and connected to a large global alumni network.

The MREI’s comprehensive curriculum integrates business leadership with an industry focus on development, investment and financing. Gain the skills and knowledge to analyze and execute successful real estate and infrastructure projects.

The cornerstone of the program is a three-term leadership development course in which you’ll sharpen your critical thinking skills and develop your own leadership style. Required courses will examine valuation techniques, legal and regulatory frameworks, investment and business structures, sustainability topics, planning and design issues, and the project life cycle.

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In your final term, you’ll have the opportunity to apply theory within a collaborative framework, as you tackle a timely project that embodies real-world social, environmental and business challenges. Benefit from valuable feedback as you present your solutions to a panel of business leaders from within the industry.

START DATE

A UNIQUE CO-CURRICULAR EXPERIENCE

COMPLETION

Participate in a variety of city and site tours, international case competitions and industry networking events. Challenge yourself at the renowned Developers’ Den case competition, where you’ll collaborate with fellow students to develop imaginative solutions to industry challenges.

12 months

CAREERS IN REAL ESTATE AND INFRASTRUCTURE Build an invaluable network, with the support of the Brookfield Centre in Real Estate and Infrastructure, as you benefit from Schulich’s close ties with industry leaders and a tightly-knit alumni community. In addition to one-to-one coaching with industry advisors via Schulich’s Career Development Centre, you’ll enjoy a close working relationship with your instructors.

As an MREI graduate, you will find success in a variety of roles within real estate and infrastructure development, investment, finance and asset management.

Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

FULL-TIME

September

“ Being a newcomer to Canada, the MREI provided me with the knowledge to develop my professional network in Toronto and tailored my skill set to expand my career opportunities within the Canadian real estate market.”

DINA BADRAN (MREI ’18) Associate, Development Brookfield Properties

PROFESSOR JIM CLAYTON BA (Queen’s); MA (UWO); PhD (UBC)

Director, Master of Real Estate & Infrastructure Program Professor and Timothy R. Price Chair Teaches: • Leadership in Real Estate & Infrastructure • Economic Forces Shaping the City “The MREI is a unique, rigorous, multi-disciplinary academic program combined with unparalleled exposure to outside learning and networking opportunities. Supported by an active alumni association and deep industry connections, the MREI’s culture of engagement, critical thinking and stakeholder appreciation produces graduates who are ready to make positive contributions in today’s dynamic environment.”

PROFESSOR CLAYTON Global Reach. Innovative Programs. Diverse Perspectives.

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MASTER OF REAL ESTATE & INFRASTRUCTURE (MREI)

YOUR MREI JOURNEY

Common Core Curriculum

Orientation

ACADEMIC TRACK

FALL TERM

WINTER TERM

Course Work:

Course Work:

• Leadership in Real Estate & Infrastructure I

• Leadership in Real Estate & Infrastructure II

• Real Estate Finance and Investment

• Changing Landscapes: Historical Perspectives on the Industry

• Development Prototypes

• Sustainable Cities: Urbanization, Infrastructure and Strategic Choices

• Economic Forces Shaping the City

• Structuring Development Transactions

• Partnership Models for Infrastructure Delivery

• The Life of a Project

• Financing Large Scale Infrastructure

• Investing in Infrastructure

Elective:* OR: • Real Estate Portfolio Management

Experiential Learning:

Experiential Learning:

• Perspectives Lecture

• Real estate and infrastructure study tour to New York City

4

Professional Development Activities

Introduction to the Career Development Centre

CAREER TRACK

• Join Venture Negotiation Simulations with leading lawyers

On-campus recruiting

Just-in-time recruiting

Career coaching, networking events, conferences, and alumni mentorship

Company visits, guest speakers, and site tours

Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

The 12-month Master of Real Estate & Infrastructure equips students with a distinctive combination of subject matter expertise, integrative skills, and industry knowledge necessary for successful careers in both real estate and infrastructure.

Building upon a decades long track record of excellence, rigorous theory informs innovative practice in this groundbreaking program.

SUMMER TERM

Industry Ready

• Leadership in Real Estate & Infrastructure III

Graduates of the MREI are positioned to excel in a wide variety of investment, development and financing positions in real estate and infrastructure related fields.

• Creative Workshop Elective:* • Commercial Real Estate Asset Management OR: • Case Studies in Infrastructure Students will be encouraged to pursue internships during Term 3 to enhance experience-based learning.

Experiential Learning:

Graduation: October Convocation

Course Work:

• Creative Workshop Pitch Challenge • Commercial Real Estate Portfolio Management Challenge • Infrastructure Innovation Competition * The sequencing of electives is subject to change.

Career Ready MREI graduates emerge from the program as highly qualified professionals, equipped to contribute and lead in global real estate and infrastructure industries.

Global Reach. Innovative Programs. Diverse Perspectives.

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Student Life Make Life-Changing Connections

Build lasting memories as part of an engaged and diverse student community. Develop your strengths, skills and interests with a host of exciting co-curricular activities.

Participate in Case Competitions Strengthen your presentation skills and master the case method with opportunities to compete in the annual Developers’ Den Competition, as well as NAIOP, MIT and ARGUS University challenges.

Team Schulich wins the Developers’ Den international real estate case competition.

Discover New Interests and Passions

MREI candidates explore New York City on a real estate study tour.

Choose from over 25 student-run clubs and organizations. Network and grow with the Schulich Real Estate & Infrastructure Club, or diversify your focus by joining other clubs based on a region, culture, industry or topic of interest.

Enjoy New Social Activities Join a tightly knit cohort of students and connect through co-curricular highlights including an annual study tour to New York City, class sport tournaments and industry networking opportunities. Enjoy access to a highly engaged network of graduates via the Schulich Real Property Alumni Association (SRPAA).

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An annual golf tournament for students, alumni and faculty, organized by the SRPAA.

Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

Our Landmark Expansion The Rob and Cheryl McEwen Graduate Study & Research Building

Designed for Schulich graduate students, the McEwen building encourages interdisciplinary research in fields ranging from business ethics and big data, to real estate and infrastructure, and global enterprise.

A NEW HOME FOR LEARNING AND INNOVATION

ALL ABOUT THE FUTURE

The new 67,000 square-foot Rob and Cheryl McEwen

Its unique technological and design features make the

Graduate Study & Research Building provides a variety of unique environments for learning, interaction, teamwork and innovation.

Rob and Cheryl McEwen Graduate Study & Research Building one of the most environmentally sustainable and socially responsible buildings in North America.

A HUB FOR COLLABORATION AND RESEARCH

Features include:

In addition to being an interdisciplinary space for Schulich’s newest academic programs and research facilities, the building is home to the Deloitte Cognitive Analytics & Visualization Lab, as well as Schulich’s

840 m2

27m

of planted green roof area

natural ventilation system driven by the glass solar chimney

Centres of Excellence, including the Centre of Excellence in Responsible Business, the Centre for Global Enterprise, and the Brookfield Centre in Real Estate and Infrastructure.

A STUDENT-CENTRED SPACE

Energy use intensity

Students benefit from a variety of unique spaces to study, work and connect, including a graduate lounge, private group meeting rooms equipped with flat-screen monitors, research labs and a media production centre.

71.4% BELOW THE MODEL NATIONAL ENERGY CODE OF CANADA

7,500 m2 of new landscaped open area, including 3,800 m2 of planted green space

RAINWATER RECAPTURE SYSTEM for green roof irrigation

Global Reach. Innovative Programs. Diverse Perspectives.

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Career Development Shape Your Success

The Schulich Career Development Centre (CDC) offers a wealth of innovative programs and resources to help you accelerate your career and facilitate employment opportunities. Benefit from a variety of resources that have resulted in consistently high placement rates for graduating students.

Career Coaching & Workshops

Corporate Recruitment Events

Our CDC Advisors are certified career coaches who work closely to help you identify your strengths, determine career objectives and develop a tailored plan. Work together through a series of skill-enhancing workshops designed to train you in foundational career search tactics.

Connect with companies such as CanFirst Capital Management, Canada Land Corporation, Crestpoint Real Estate, SmartCentres, RioCan Brookfield Asset Management, Oxford Properties, Manulife, EY, and BentallGreenOak about career opportunities in their organizations.

Networking Opportunities Connect with industry through integrated company visits, guest lectures and site tours throughout your academic program. Engage with Schulich alumni and industry specialists at the Real Estate and Infrastructure Networking Breakfast or Schulich Real Property Alumni Association (SRPAA) events.

Students participate in a Joint Venture Negotiation simulation with a team of leading legal practitioners.

Just-in-Time Recruiting Gain experience while you complete your program by leveraging our industry connections to pursue an internship during your third term. Launch your career post-degree by accessing job postings from companies around the globe, for exciting roles such as Financial Development Associate, Analyst-Infrastructure Advisory, and Senior Development Coordinator.

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Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

“ This program exceeded expectations in providing leadership development, authentic experiences and industry contacts from which to build my career in this booming business sector.”

CLAIRE LIU (MREI ’18) Real Estate Analyst Trolleybus Urban Development

Global Reach. Innovative Programs. Diverse Perspectives.

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Schulich Global Alumni Network Notable Alumni are Leading by Example

When you graduate from Schulich, you become part of one of the largest business alumni networks in Canada. Here’s a brief look at the scope of the Schulich alumni network and a sampling of those who are leading by example.

Connect and benefit from access to the Schulich Global Alumni Network

UPON GRADUATION, JOIN A GLOBAL NETWORK OF OVER

31,000

90

active alumni in

As a student, participate in the

countries

Enjoy exclusive access to Schulich’s Alumni Online Community, which includes

SCHULICH ALUMNI MENTORSHIP PROGRAM

93

or engage with alumni at events and conferences to gain key insights into the industries and careers that you’re passionate about.

62

Robyn Sky Mitchell McLean (iBBA ’06, MBA ’12) CEO & Owner, Big Moose Realty & Basecamp Resorts

global alumni chapters in

countries

Take advantage of life-long professional development activities, career management resources, and alumni events.

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Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

Wissam Ayoub (MBA ’06) Vice President, Middle East EllisDon Corporation

Diversity. Community. Opportunity.

Build a Life and a Career

Feel at Home in Canada

The Toronto Advantage

51%

of Toronto’s population was born outside of Canada

CAD $ 332 billion economy Ranks among the

TOP TEN MOST LIVABLE CITIES IN THE WORLD Economist Intelligence Unit, 2018

Ranked in the

TOP 5

nd

2 LARGEST Financial centre in North America

Access the city’s vibrant downtown core in just

30 MINUTES

BY SUBWAY

Our campus is enriched by international students from over

44

DIFFERENT COUNTRIES

Plan Your Life, Post-Degree Come to Schulich for your Masters degree and have the option to launch either an international career, or stay in Canada to build a life and career through favourable immigration pathways.

Attend sessions on work permits and permanent residence options, or book individualized advising with Schulich’s International Student Support Specialist.

cities in the world to do business

International Student Support Schulich provides in-house programs, services, and immigration support to help international students navigate the transition to Canada and plan for the future. Benefit from a pre-arrival webinar, buddy programs, English Language Peer Support, and New to Canada Orientation.

Source (unless specifically indicated): Toronto Global

Global Reach. Innovative Programs. Diverse Perspectives.

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Admission Requirements What’s Required to Begin Your Journey

REQUIREMENTS

MREI Master of Real Estate & Infrastructure

GPA

B

PREREQUISITE COURSES IN HONOURS PROGRAM

N/A

GMAT/GRE

Not required

ESSAYS

2 video, 2 written, 1 timed written

REFERENCE LETTERS

2 reference letters

WORK EXPERIENCE

2–5 years strongly preferred

1

2

PROOF OF STUDY COMPLETED IN ENGLISH:

2 years minimum (must be full-time study) at an accredited university in a country (or institution) where English is the official language of instruction

LANGUAGE PROFICIENCY*

IELTS (ACADEMIC TEST):

7.0 (minimum 6.5 on each dimension) * Applicants must produce proof of language proficiency in one of the three ways listed.

TOEFL:

100 (minimum 23 on each dimension) SEPTEMBER 2020 ENTRY

ADMISSIONS DEADLINES

Round Round Round Round

1: Nov. 15, 2019 2*: Jan. 15, 2020 3: Mar. 12, 2020 4**: Apr. 30, 2020

* International students are strongly encouraged to apply by Round 2 to allow for sufficient study permit processing time. ** Late applications may be accepted pending space availability.

Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) are not required upon submission of your application.

However, submission of these test scores: • Is optional should you wish to provide further evidence of academic potential.

• May be requested by the Admissions Committee if further evidence of academic performance is required.

2 For applicants holding a 3-year degree, one year of full-time, post-graduate work experience is required.

1

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Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2019 – 2020

Tuition Fees Figures are based on the currently approved fee framework. Fees listed below include tuition and essential supplementary fees. For details on student health plans and non-essential fees, visit the York Student Financial Services website: sfs.yorku.ca/fees. Fees are subject to change.

All fees are in Canadian dollars (CAD)

MREI

TUITION PER TERM*

DOMESTIC STUDENTS

INTERNATIONAL STUDENTS

Canadian Citizen or Permanent Resident

Visa/Study Permit

$ 17,471

$ 25,395

*The MREI requires three terms of study to complete.

Cost of Living LIVING EXPENSES IN TORONTO 1 (1 Term = 4 months) Books /Course Materials

$

750

Rent (on campus) 2

$ 5,000

Food

$ 1,500

Personal Expenses

$ 1,000

Health Insurance: UHIP (international students only) 3 GSA 3

$ 210 $ 160

APPROXIMATE COST PER TERM

$

8,620 4

Figures are approximations and intended only as a budget guide for students studying full-time. Costs are listed in Canadian dollars.

Off-campus housing varies in price from $500 – $ 1,200 per month depending on the location and options. For on-campus accommodation visit: yorku.ca/stuhouse.

3 Participation in the University Health Insurance Plan (UHIP) is mandatory only for international students while in Toronto. The Graduate Student Association (GSA) plan is for dental and drug coverage (mandatory for all domestic and international full-time students unless student has alternative coverage). Coverage for spouse/family is available. Health/Drug/Dental plan rates are subject to change.

4 Subtract UHIP cost for domestic student total.

1 2

Financial Aid We welcome the opportunity to discuss ways to finance your education and the return on investment our programs offer. Send us an email at: finaid@schulich.yorku.ca or visit: schulich.yorku.ca/financial-aid.

LINE OF CREDIT FOR DOMESTIC STUDENTS Visit schulich.yorku.ca/financial-aid/loans for a list of partnered banks and preferred rates for domestic students in professional programs.

LOAN PROGRAMS To learn more about funding opportunities for domestic and international students, please visit: schulich.yorku.ca/financial-aid/loans.

ADDITIONAL FINANCIAL AID • Support for case competitions • Partnerships with:

Schulich Masters Programs provide students with the technical skills and career preparation they need to pursue dynamic roles across a broad spectrum of industries. schulich.yorku.ca

LEARN MORE ABOUT THE SCHULICH EXPERIENCE 1. Visit us online: schulich.yorku.ca 2. Join us for an on-campus event or online information session.

Register at: schulich.yorku.ca/events 3. Meet one-on-one with our admissions team, in person, on the road or online to discuss your profile.

Register at: schulich.yorku.ca/grad-inquiry

SCHULICH SCHOOL OF BUSINESS Seymour Schulich Building Rob and Cheryl McEwen Graduate Study & Research Building York University, 4700 Keele Street Toronto, Ontario, Canada M3J 1P3

CONNECT WITH US Learn about us at: schulich.yorku.ca Follow us on Twitter: @SchulichSchool Watch us on YouTube: youtube.com/user/SchulichSchool Connect with us on LinkedIn: linkedin.com/company/schulichbusiness Like us on Facebook: facebook.com/SchulichSchool Email us at: admissions@schulich.yorku.ca

Global Reach.

Innovative Programs.

Diverse Perspectives.

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