Graduate programs with concentrations in real estate continue to examine the best ways to educate students in a dynamic marketplace. In an effort to uncover the views and opinions of the various stakeholders in a higher education degree program, this paper summarizes the results and major findings from a survey of almost 1000 individuals. Results show that there are many similarities but that there are key differences that should be considered between the alternative stakeholders. These findings are important to the faculty/administrators and board members of both current graduate real estate programs and prospective programs that are currently in the planning stage to help guide program directors as they revise their current offerings or establish new programs. In addition, the attitudes and perceptions of the stakeholders will aid prospective students as they sort through the different programs to find those that appear to value the opinions of the real estate professionals in the industry (represented by the alumni and board members). Finally, the results provide some insight into the often cited disconnect between the ìtown and the gown,î and opens the dialogue for all involved to work together and collaborate so that we can improve the understanding of this complicated and complex asset called real estate.