University of Detroit Mercy Launches New Real Estate Concentration

Students interacting in a Detroit urban real estate environment.

News Summary

The University of Detroit Mercy is introducing a new real estate concentration tailored for business school students as Detroit’s real estate market thrives. The program features essential courses aimed at equipping students with practical skills, while also providing scholarship opportunities and industry connections. With the local market showcasing significant investment potential, this initiative meets the growing demand for education and training in the real estate sector, positioning UDM as a leader in local real estate education.

Detroit

The University of Detroit Mercy (UDM) is launching a new real estate concentration aimed at business school students as the city’s real estate market sees a resurgence. This program will provide students with hands-on training in various aspects of the real estate industry, equipping them with the knowledge needed to succeed in a rapidly developing market.

The concentration includes four essential courses: Intro to Real Estate, The Real Estate Legal Environment, Real Estate Appraisals, and Real Estate Investments. To earn the concentration, students are required to complete three out of the four offered courses. These courses will be taught by seasoned professionals from L. Mason Capitani and Rocket Companies Inc., ensuring that students receive practical insights and real-world experience.

This initiative to rejuvenate the UDM real estate program was largely influenced by the Ferguson Centers for Leadership Excellence, which focuses on increasing diversity within the real estate field. In conjunction with the new concentration, the foundation is offering $10,000 scholarships to juniors and seniors, as well as internship and mentoring opportunities.

Previously, UDM had a robust real estate program that is now being reinvigorated to meet the demands of the local market. While other training programs exist within the region, UDM’s offering is currently believed to be the only concentration in the tri-county area. Comparatively, institutions like Michigan State University and the University of Michigan provide real estate minors and graduate certificates, yet UDM is addressing a specific gap in local real estate education and training needs.

The Detroit real estate market is currently gaining significant attention, primarily for its solid rental returns paired with relatively low property prices. A recent study ranks Detroit as the No. 9 city in the U.S. for first-time real estate investors, further highlighting its potential as a lucrative investment territory.

Detroit is emerging as a hub for urban redevelopment, attracting substantial investments in both residential and commercial properties. The city’s population is stabilizing, and with continuous job creation in key sectors such as technology and automotive, there is a boosting demand for real estate. Moreover, the market provides opportunities for purchasing properties for under $200,000, catering to the interests of new investors.

Alongside this growth, the rental sector in Detroit is flourishing, characterized by low vacancy rates and an increasing number of residents opting to rent rather than buy. Consequently, the region’s economic recovery positions Detroit as a promising investment market within the Midwest, further validating the launch of UDM’s real estate concentration as a timely initiative.

Conclusion

In summary, the University of Detroit Mercy is poised to meet local educational and market needs with its new real estate concentration. By providing students with essential skills, scholarship opportunities, and connections in the industry, UDM is supporting the future generation of real estate professionals while simultaneously contributing to Detroit’s economic revitalization.

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Additional Resources

STAFF HERE DETROITMI WRITER
Author: STAFF HERE DETROITMI WRITER

DETROIT STAFF WRITER The DETROIT STAFF WRITER represents the experienced team at HEREDetroitMI.com, your go-to source for actionable local news and information in Detroit, Wayne County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Movement Electronic Music Festival, Detroit Grand Prix, and America's Thanksgiving Parade. Our coverage extends to key organizations like the Detroit Regional Chamber and Focus HOPE, plus leading businesses in automotive and healthcare that power the local economy such as General Motors, Ford Motor Company, and Henry Ford Health. As part of the broader HERE network, including HEREGrandRapids.com, HERENorthville.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.

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