MS in Real Estate Development Program

The Falls Church Department of Planning and Economic Development invited George Mason University graduate students to create a new plan to save, or even increase, affordable housing at Virginia Village.

After receiving an undergraduate degree in civil engineering from Clemson University, Brian McFee was hired as a Construction Manager (CM) by CBG Building Company headquarters located in Arlington, Virginia, a leading general contractor specializing in multifamily construction that has built over 124,000 units nationwide.

As a Center for Real Estate Entrepreneurship board member, Saif Rahman exemplifies why the center is such a powerful resource—not just for MS in Real Estate Development Program students, but for the entire National Capital Region real estate community.

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 Washington, D.C., Maryland, and Virginia, market and beyond. Today the firm shares with us their valuable insight into that process.

Twelve years ago, Stephanie Moumen, MS Real Estate Development ’16 was a real estate professional in the Washington, D.C., Maryland, and Virginia area, 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, Moumen 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.