program
Samuel Tak Lee Graduate Fellowships

The Samuel Tak Lee MIT Real Estate Entrepreneurship Lab has established a graduate fellowship program that allows students who enroll in the programs of Master of City Planning and Master of Science in Real Estate Development to receive financial support toward tuition and living expenses. Selected Samuel Tak Lee Graduate Fellows (STL Fellows) must be admitted to the master programs by either the Department of Urban Studies and Planning (DUSP) or Center for Real Estate (CRE), and they must show a proven interest in socially responsible real estate entrepreneurship, especially in the People's Republic of China (PRC). The selection of the STL Fellows will take place on a yearly basis. 

Related News & Events

By Max Budovitch, MCP Candidate, STL Fellow

The Independent Activities Period (IAP) over winter break provides MIT students with the opportunity to pursue projects related to their academic interests. The period lasts approximately two months, and many students pursue research or class work overseas.

2016.12.13 - 4:00 PM
1F, 120 Connaught Rd W, Sai Wan, Hong Kong

People.cn Interview with Albert Saiz, Director, MIT Center for Real Estate

1. What was the initial purpose of MIT in establishing this MSRED degree? 

Prof. Albert Saiz: Historically, many individuals who work in real estate have acquired their skills on the job.  However, as the business of real estate has become more complex in structure and more international in scope, the industry has recognized the need for a more sophisticated and specialized education. Meanwhile, the US real estate industry was experiencing a deepening, from a build-and-sell-quick paradigm to an increased focus on quality and the development of  secondary markets: investments, property management, investments management, leasing, secondary transactions, infill re-development, renovations on the existing stock . This shift in the real estate industry also required sophisticated knowledge and education. In 1983 an MIT alum, Charles “Hank” Spaulding established the Center for Real Estate at MIT. Spaulding was a prominent real estate developer himself and he had the vision to improve the quality of the built environment and to promote a more informed professional practice within the global real estate industry.  MIT’s one year MSRED program, the first in the country, educates students in the full range of skills required of real estate professionals, from finance, construction, human capital to urban planning, physical design, law, contracts, asset management, micro economics, and so on.  

Samuel Tak Lee Graduate Fellow Zixiao Yin plans to serve communities back home in Inner Mongolia.

MIT News

Growing up in Inner Mongolia, graduate student Zixiao Yin saw firsthand the effects of poor urban planning. As China underwent record growth, a mining boomtown intended for 1 million people rose from the desert in the neighboring district — but when the economy crashed in 2008, blocks and blocks of empty office buildings and houses created a “ghost city” on the steppe.

On September 8, 2016, the incoming class of 2016-2017 STL MIT Real Estate Entrepreneurship Lab graduate fellows introduced their background and interests, and were formally oriented to the Lab’s work and immediate goals. The graduate fellows were joined by members of the executive and advisory staff who touched on the Lab’s ongoing programs including recent work on creating real estate games, the success of last year’s China Summer Camp, the continuing China Talk Series, and the development of MIT Case Studies.

Graduate students arrive to study socially responsible real estate development and global urbanization.

The MIT Department of Urban Studies (DUSP), Center for Real Estate (CRE), and the Samuel Tak Lee MIT Real Estate Entrepreneurship Lab (STL Lab) have announced the inaugural class of STL Fellows, welcoming 12 master's students to MIT to study socially responsible real estate development and global urbanization.