I dont think you need a masters in real estate development, but if you would like to learn all about the commercial real estate business, check out commercialmortgageteacher.com

In this area the guy that calls himself a developer is also the “money man”. He either has a bunch of money or can raise it from other investors or bankers. That is a very large part of his job and talking with those guys is a big part of his day.

Of course the developer finds the land, looks at the market to see what is desired, plans and then executes. A huge part of the day is also trouble shooting. “There is not supposed to be a gas line there!- God look at that flame!”
You have to visit city hall pretty often in a suit and also visit with the dirt movers in jeans and be able to talk with both.

I would suggest that an apprenticeship would be a great idea.