MSRED at Commencement: Practices in Formation

On the eve of Commencement, the MSRED Class of 2025 is leading the school in advancing a model of development grounded in research, shaped by market realities, and situated within the spatial complexities of contemporary urbanism. Their work—through proposals, competitions, and early professional engagements—reflects development not only as a financial framework but as a way of inhabiting, negotiating, and transforming space.

More than half of the students graduating tomorrow are already transitioning into roles across the U.S. and internationally. Some are joining firms focused on ground-up development; others are entering asset management, capital structuring, or acquisitions. Together, they step into a shifting market with the tools to read, shape, and respond to its changing conditions.

As the semester closed, it opened new arenas of visibility—in Miami and Toronto—where development was not only studied but enacted, negotiated, and recognized. For the MSRED Class of 2025, these competitions became platforms to prototype strategies and engage with land, equity, and long-term value—recasting real estate as a spatial, political, and social practice.

Nikolaos Kalteziotis MSRED ’25, Dhruv Korde MSRED ’25, Juan Felipe Herrera MSRED ’25, and Nikoletta Zakynthinou Xanthi (MSAAD) won first place at the 2025 Impact Investing in Commercial Real Estate Competition, hosted by the University of Miami, with their proposal Manhattanville Impact. And just weeks later, Michael-Daniel Oded MSRED ’25, Gibson Bell MSRED ’25, Amnay Khosla MSRED ’25, and Ghanim Alghanim MSRED ’25 placed second at Developer’s Den XV, hosted by York University’s Schulich School of Business. Their project, Paddock Park, proposed an integrated approach to mid-density housing and long-term leasehold value creation.

Chelsea Mehra MSRED ’25 and Shinbee Park MSRED ’25 have been named 2025 WX Scholars, joining a wider GSAPP ecosystem of women reshaping real estate practice across the New York region.

The Class of 2025 graduates tomorrow and is already moving through the entanglements of development, finance, and spatial transformation. Congratulations to all!