09/08/2026
A new chapter for the MIT Center for Real Estate.
Walter Torous, senior lecturer in MIT DUSP and MIT Sloan School of Management, and director of the Master of Science in Real Estate Development Program, has been named executive director of the MIT Center for Real Estate, effective July 1, 2026.
In his new role, Torous will lead CRE’s teaching, consortium activities, fundraising, and major events, while continuing to direct the MSRED program. He will also oversee the center’s staff, budget, and strategic direction.
Justin Steil, professor of law and urban planning, will represent CRE as faculty chair of the Academic Curriculum Council. Together, Torous and Steil will guide CRE’s academic and strategic direction, working on the continuing evolution of the center’s academic programs and industry engagement.
As real estate undergoes significant change across the U.S., Europe, and Asia, Torous sees an opportunity to prepare the next generation of leaders for a field increasingly shaped by technology and financial markets. He plans to explore a broader MSRED curriculum drawing on architecture, civil and environmental engineering, the Media Lab, MIT Sloan, and other areas of the Institute.
Torous also plans to more fully engage CRE’s 1,200-plus alumni, drawing on the experience of leaders the center has educated over its 43 years.
His research includes the financial aspects of real estate, mortgage defaults, and the application of machine learning to changes in the U.S. commercial office market following the Covid-19 pandemic. The MSRED curriculum now includes a class on AI and real estate, with plans for additional offerings.
🔗 https://news.mit.edu/2026/walter-torous-named-executive-director-mit-center-real-estate-0901
MIT Center for Real Estate | MIT DUSP | MIT School of Architecture + Planning | Massachusetts Institute of Technology (MIT)