MASSACHUSETTS INSTITUTE OF TECHNOLOGY
DATA SCIENCE
IN REAL ESTATE
ONLINE SHORT COURSE
Make more informed, data-driven real estate investment decisions.
ABOUT THIS PROGRAM
Smart data analytics is giving real estate professionals and investors more insight into the factors impacting
property value than ever before. From assessing risks to analyzing evolving trends, we’re now able to
anticipate the success of a property more accurately thanks to the abundance of information available to us.
The MIT School of Architecture and Planning (MIT SA+P) Data Science in Real Estate online short course
is designed to give you the foundational tools to predict and explain property performance. The program
introduces you to the application of machine learning in the built environment while teaching you to use data
science methods to identify and interpret patterns in order to analyze property risks and opportunities. You’ll
also learn about the growing number of data resources used by real estate practitioners, which have been
borrowed from a range of other sectors across the economy. Over six weeks, you’ll explore what it means to
be a good data scientist from both a technical and ethical perspective as you gain the practical data science
skills to make informed, data-driven investment decisions.
WHAT THE COURSE COVERS
By making complex data science techniques more The program is designed to cultivate the development of a
accessible to non-technical professionals, this program forward-thinking community of professionals. In doing so,
provides you with the knowledge to harness statistical it equips you with the knowledge to interrogate the quality
insights in your real-life property endeavours. and value-add of data science products and services.
Over the course of the program you’ll examine the On completing this course, you’ll understand how data
wide variety of data used by real estate practitioners, science techniques can be practically applied to extract
including nontraditional data on factors such as the meaningful insights, and how these insights can support
availability of natural light or access to highly rated a holistic assessment of the potential of real estate
amenities. You’ll also gain practical skills in the use investments or development ventures.
of open-source data science tools to tidy, integrate,
and evaluate data.
$1,900
The course draws on real-life examples while teaching
you to generate a selection of basic data science and
machine learning models that can be used to explain
6 weeks,
industry experiences and forecast asset values.
excluding orientation
Guided by industry experts, you’ll develop an
understanding of the practical opportunities and
challenges of using these data-driven methods to 7–10 hours/week of self-paced
support investment decisions in real estate, and their learning, entirely online
ethical implications. You’ll also consider appropriate
strategies to align data science analysis with
Each module is released weekly, allowing a flexible but structured
performance analysis in real estate, and learn approach to learning. You’ll be supported as you engage in
to communicate data-driven value propositions individual activities and group discussions, ensuring you feel
to relevant stakeholders. confident to submit your best work at each weekly deadline.
MIT SA+P DATA SCIENCE IN REAL ESTATE
THIS PROGRAM IS FOR
YOU IF YOU WANT TO:
Harness data to make Update your skillset Gain insight into the
better investment decisions to perform statistical analyses real-world use of data from
and discover new real and modeling using interactive esteemed MIT faculty and
estate opportunities. software applications. industry experts in the real
estate, finance, and IT sectors.
WHO SHOULD
TAKE THIS COURSE?
This program is designed for anyone with an interest
in real estate development, finance and investment,
or data science. The analytics skills taught will benefit
both real estate professionals and independent
investors looking to grow their property portfolios.
Nearly 60% of real
The content will also be useful for those with an
existing knowledge of data science, who would like
estate predictive
to explore how to use it in the real estate environment. power comes from
Overall, the course will give professionals interested nontraditional variables,
in the built environment a competitive edge, as it
such as proximity
teaches skills that are relevant for analysis, valuation,
and informed decision making.
to restaurants.*
*McKinsey (Oct, 2018).
While this course has no formal prerequisites,
it’s recommended that you have a basic
understanding of programming. You won’t be
expected to write code, but will need to understand
and manipulate code written in the programming
language R.
MIT SA+P DATA SCIENCE IN REAL ESTATE
WHAT MODULE 1
DATA SCIENCE AND MACHINE
YOU’LL
LEARNING PRINCIPLES
Understanding data science and machine learning
concepts used in the built environment.
LEARN MODULE 2
This online program integrates rich, interactive USING REAL ESTATE DATA
media such as videos, infographics, and e-learning Learn how to prepare real-world data for analysis.
activities, as well as didactic components such
as downloadable course notes. There are also MODULE 3
opportunities for collaborative learning through INITIAL INSIGHTS USING STATISTICS
discussion forums. The following modules contribute Understand the value of quantifying and detecting
to the holistic approach your learning path takes: patterns in data.
ORIENTATION MODULE MODULE 4
WELCOME TO YOUR ONLINE CAMPUS USING DATA SCIENCE TO ASK QUESTIONS
ONE WEEK Discover relationships in data to explain and predict
You’ll be welcomed to the course and begin real estate data features and outcomes.
connecting with fellow participants, while exploring
the navigation and tools of your Online Campus. MODULE 5
RELATIONSHIPS IN REAL ESTATE DATA
Be alerted to key milestones in the learning path,
Understand relationships between outcomes
and review how your results will be calculated
and features using regression analysis.
and distributed. You’ll be required to complete
a participant profile, confirm your certificate
delivery address, and submit a digital copy
MODULE 6
of your passport/identity document. FORECASTING IN REAL ESTATE
Discover how to use machine learning to forecast
outcomes and support decision-making in real estate.
WHAT IS MIT SA+P?
Find out more about the
MIT SCHOOL OF
ARCHITECTURE
AND PLANNING
MIT SA+P DATA SCIENCE IN REAL ESTATE
YOUR PROGRAM EXPERTS
YOUR FACULTY DIRECTOR
These subject matter experts from the MIT School of Architecture and Planning guide the course design
and appear in a number of program videos, along with a variety of industry professionals.
ANDREA CHEGUT
Director, MIT Real Estate Innovation Lab, Head of Research, DesignX & Research Scientist,
MIT Center for Real Estate
Dr Andrea Chegut is the cofounder and director of the MIT Real Estate Innovation Lab, an interdisciplinary team
that identifies built environment innovative products, processes and technologies, and their financial and economic
impact. Chegut is also a cofounder and the head of research for DesignX, an entrepreneurial accelerator for new
student and faculty ventures from MIT SA+P that focuses on design, cities, and the built environment. In addition to
her research, Chegut teaches classes on innovation, corporate finance and entrepreneurship at MIT. Chegut did
her PhD in financial economics and has worked at the intersection of innovation, urban economics, and real estate
for over a decade. Prior to her work at MIT, she had a career in securities asset pricing, and worked in Europe on
developing asset pricing models for commercial real estate, green buildings, and digital infrastructure.
INDUSTRY EXPERTS
Learn from the expert insights of leading real estate data scientists, economists and machine learning practitioners
as you explore the different aspects of property performance. These experts offer feedback on real-life challenges
faced in the workplace, helping you to take your learnings beyond theory and into practical application.
ANNE KINSELLA STEVE WEIKAL PROF DENNIS FRENCHMAN
THOMPSON Head of Industry Relations CRE Tech Class of 1922 Professor of Urban
Visiting Lecturer and Real Estate Lead, Real Estate Innovation Lab Design and Planning, Director,
Economist, MIT Center for Real Estate MIT Center for Real Estate
JACOB SAGI CHRISTOPH REINHART WAYNE YU
Wood Center in Real Estate Studies Professor of Architecture, Director of VP of Data Science, CompStak
Distinguished Scholar, Kenan-Flagler Building Technology Program, MIT
Business School University of North School of Architecture and Planning
Carolina at Chapel Hill Founder and Director, Sustainable
Design Lab
MIT SA+P DATA SCIENCE IN REAL ESTATE
BOB WHITE L.D. SALMANSON CALANDRA CRUICKSHANK
Founder and President, CEO and Co-Founder, Cherre President and CEO,
Real Capital Analytics StateBook International
BEN BRESLAU PHOEBE HOLTZMAN DAVID GELTNER
Chief Research Officer, CEO, Live XYZ Professor of Real Estate Finance,
Americas, JLL MIT Faculty Director of Commercial
Real Estate Analysis and Investment
online program
Data integration is the most important thing for real estate right now. The opportunity
afforded to us as an industry, using big data and using the computing power that’s
now available to us through programs like you have at MIT, I think it’s going to
open up a huge opportunity for the industry as a whole.
– ANDREA CHEGUT
Director, MIT Real Estate Innovation Lab, Head of Research, DesignX & Research Scientist, MIT Center for Real Estate
YOUR SUCCESS TEAM
GetSmarter, with whom MIT SA+P is collaborating to deliver this online program, provides a personalized
approach to online education that ensures you’re supported throughout your learning journey.
HEAD FACILITATOR SUCCESS MANAGER GLOBAL SUCCESS TEAM
A subject expert who’ll Your one-on-one support available Available 24/7 to
guide you through content- during university hours (8am–5pm solve your tech-related
related challenges. EST) to resolve technical and and administrative
administrative challenges. queries and concerns.
MIT SA+P DATA SCIENCE IN REAL ESTATE
A POWERFUL COLLABORATION
The MIT School of Architecture and Planning
WHAT IS MIT CRE?
is collaborating with online education provider
GetSmarter to create a new class of learning Find out more about the
experience — one that is high-touch, intimate,
MIT CENTER FOR
and personalized for the working professional.
REAL ESTATE
WHAT IS MIT SA+P?
The MIT School of Architecture and Planning is one of
five schools at MIT, and comprises six main divisions.
Alongside the MIT Center for Real Estate, MIT SA+P
includes the first Department of Architecture in the US,
founded in 1868. It also contains the oldest, continuous
Department of Urban Studies and Planning, founded in
1933. The first university Media Lab launched in 1980
at MIT SA+P, and it continues to “check traditional
disciplines at the door” to empower the invention — and
reinvention — of how humans experience, and can be
aided by, technology. MIT SA+P is also home to the
Norman B. Leventhal Center for Advanced Urbanism,
which is dedicated to guiding the future of the built
environment and cities.
WHAT IS THE MIT CENTER
FOR REAL ESTATE?
Envisioning the real estate industry’s integrated
stewardship of its land and products, the MIT Center
for Real Estate provides tomorrow’s practitioners with
the means to transform an ever more vital, global,
and complex market. Through research and education
initiatives, MIT applies its tradition of excellence in
technology, knowledge transfer, and global reach to
the real estate industry, developing innovations to help
practitioners build responsibly and profitably.
WHAT IS THE REAL ESTATE
INNOVATION LAB?
The MIT Real Estate Innovation Lab is a research and
development laboratory for the built environment that
measures the financial and economic performance of
innovation in real estate, design and planning. It’s a
team of interdisciplinary researchers in planning, design,
finance and economics using data science and machine
learning techniques to explain and predict the impact of
innovation and technology in real estate.
MIT SA+P DATA SCIENCE IN REAL ESTATE
WHAT IS GETSMARTER?
GetSmarter, a brand of 2U, Inc. brand, partners with the world’s
leading universities to select, design and deliver premium online
short courses with a data-driven focus on learning gain.
Technology meets academic rigor in GetSmarter’s people-
mediated model, which enables lifelong learners across the
globe to obtain industry-relevant skills that are certified
WHAT IS THE REAL ESTATE by the world’s most reputable academic institutions.
INNOVATION LAB?
Find out more about the MIT SCHOOL OF ARCHITECTURE
REAL ESTATE AND PLANNING CERTIFICATE
INNOVATION LAB This program offers you the opportunity to earn a certificate from
MIT SA+P as validation of your skills.
Assessment is continuous and based on a series of practical
assignments completed online. In order to be issued with an MIT
School of Architecture and Planning certificate you will need to meet
the requirements outlined in the course handbook. The handbook
will be made available to you as soon as you begin the program.
Your certificate will be issued in your legal name and sent
to you upon successful completion of the course, as per the
stipulated requirements.
MIT SA+P DATA SCIENCE IN REAL ESTATE
HOW YOU’LL LEARN
Every program is broken down into manageable, weekly modules, designed to accelerate your learning
process through diverse learning activities:
• Work through your downloadable and online instructional material
• Interact with your peers and learning facilitators through weekly class-wide forums and reviewed small
group discussions
• Enjoy a wide range of interactive content, including video lectures, infographics, live polls, and more
• Investigate rich, real-world case studies
• Apply what you learn each week to quizzes and ongoing project submissions, culminating in the ability
to create guided property forecasts to support real-world decision-making
GENERAL REQUIREMENTS
BASIC REQUIREMENTS ADDITIONAL REQUIREMENTS
In order to complete this course, you’ll need a current Certain programs may require additional software
email account and access to a computer and the and resources. These additional software and
internet, as well as a PDF Reader. You may need to resource requirements will be communicated to
view Microsoft PowerPoint presentations, and read you upon registration and/or at the beginning
and create documents in Microsoft Word or Excel. of the course. Please note that Google, Vimeo,
and YouTube may be used in our program
BROWSER REQUIREMENTS delivery, and if these services are blocked in your
We recommend that you use Google Chrome as jurisdiction, you may have difficulty in accessing
your internet browser when accessing the Online course content. Please check with an Enrollment
Campus. Although this is not a requirement, we Adviser before registering for this program
have found that this browser performs best for ease if you have any concerns about this affecting
of access to program material. This browser can your experience with the Online Campus.
be downloaded here.
MIT SA+P DATA SCIENCE IN REAL ESTATE
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
DATA SCIENCE
IN REAL ESTATE
ONLINE SHORT COURSE
Discover how machine learning can support your decision-making in real estate
REGISTER NOW
CONTACT US
+1 617 997 4979 | mit@[Link]