For the 2016-17 academic year, the MSRE program currently has 18 incoming students: 8 international, 9 domestic, and 1 visiting graduate student from the University of Regensburg. The College of Built Environments MS in Real Estate and the International Real Estate Business School, University of Regensburg, Germany have formed a dual Master’s degree agreement. A select number of students from the University of Regensburg will be accepted as UW/MSRE students after completing their first year of studies at the University of Regensburg. The first student to commence this dual program will be arriving this coming fall 2016. We observe a rolling application process and expect a class of greater than 20. 39 students graduated from the UW Commercial Real Estate Certificate program in 2016. We expect a 2016/2017 class of 40 students.