The Experiential Learning Lab bridges the gap between real estate theory and real-world application. Through hands-on tools, interactive exercises, and immersive experiences, W. P. Carey students gain practical insights that enhance their education while building valuable connections with industry professionals
The new experiential learning lab is a key component of our goal to be among the top real estate programs in the country. Not only will students gain applied understanding of real estate concepts, but they will learn the vital human side of the business through engagement with business partners; real estate, at its core, is about people and communities, and building long-term relationships.
Mark Stapp Director, Real Estate Experiential Learning Lab, Director and Fred Taylor Endowed Professor of Real Estate, Master of Real Estate Development
This learning lab supports faculty and students by integrating advanced technology and industry collaborations into real estate education. The lab designs applied projects and experiences that give students invaluable hands-on experience, helping them connect classroom knowledge to real-world business situations and improve their technical and decision-making skills.
Beyond the ASU community, the lab provides experiential learning resources to other universities, colleges, professional organizations, and communities worldwide to facilitate real estate learning.
The lab works with leading industry firms, technology startups, and local government bodies to give students opportunities to work on live projects in the field. These collaborations allow students to apply their knowledge to real-world business problems and explore relevant career paths. Students view different property types in various stages of development during on-site and virtual property tours, effectively compressing longer duration experience into a short program of study.
The lab is equipped with cutting-edge teaching technologies that enhance learning through immersive, hands-on experiences. These technology-driven tools deepen student understanding of the development, ownership, and management process, highlighting the long-term impact of business decisions. By refining their decision-making and asset management skills, students are empowered to drive better investment returns, build resilient communities, and contribute to sustainable economic growth.