This “Real Estate Action Lab” practicum will be a joint practicum/action learning course between Department of Urban Studies and Planning (DUSP), Center for Real Estate (CRE) and the Sloan School (MBA Program).
This practicum highlights the cross-disciplinary skills (urban design and planning, policy, real estate, economics, finance, and business) in addressing complex challenges in nowadays’ urban development and real estate industry. Students from DUSP, CRE and Sloan MBA will be mixed up so that they can learn from each other, and this will also help them develop cross-culture and cross-disciplinary management skills.
In Spring 2025, the theme will be “climate responsive real estate”. In today's rapidly evolving real estate landscape, sustainability and climate resilience have emerged as critical factors shaping investment and development decisions. As global concerns about climate change intensify, the real estate industry faces unprecedented challenges and opportunities to innovate. Sustainable real estate practices not only mitigate environmental impact but also enhance long-term asset value through energy efficiency, resource conservation, and the integration of green technologies. Meanwhile, climate-responsive and resilient real estate focuses on creating buildings and communities that are better equipped to withstand the increasing risks of extreme weather events and changing environmental conditions.
Students taking this practicum will have the opportunity to engage in hands-on projects with one of two clients, who are national leaders in sustainable real estate development and investment strategies. Students will work in multi-disciplinary teams on the following topics and challenges raised by the client: sustainable investment strategy, green building certification and energy retrofitting, energy efficiency of project-community integration, and decarbonization of residential and office assets in portfolios. Students will work with emerging technology to design high quality, evidence-based sustainable investment and climate responsive real estate proposals for our clients. The results of this practicum will have great potential to inform climate responsive asset management and sustainable investment strategies.
Instructors:
Siqi Zheng (Professor, MIT DUSP and CRE, email: sqzheng@mit.edu)
Jake Cohen (Senior Associate Dean and Senior Lecturer, MIT Sloan, email: jcohen28@mit.edu)
Clients and Project Locations: Developers/Owners of Multi-family and Office buildings in Washington D.C. and Massachusetts
Necessary Skills: No requirement for urban design skills. Knowledge and interest in urban and real estate development, finance and management, environmental planning and policy, or urban science are preferred.