The proverbial beginning of a new school year always bring wonder and amazement, but it has been especially the case for me this year, in my new role and with the reinvigorated energy of the CU Real Estate Center (CUREC) from its many supporters. I offer a huge debt of gratitude, on behalf of the center and the industry, to Kim Koehn, our interim executive director, who did more than just keep the flame alive this last year – he lit a torch under the program.
The new class of MBA students at Leeds is nothing shy of awesome and the vigor with which the returning “second years” hit the books is amazing. Couple this with an ever-expanding cadre of undergrads pursuing a passion in real estate and the future looks pretty darn bright.
The CUREC is building upon its strong foundational base to capitalize on three key areas: academic excellence, global thought leadership and lifetime knowledge acquisition. Under Dr. Tom Thibodeau’s stewardship we are augmenting our top-tier faculty with the addition of Dr. Steve Billings and our many industry professional adjunct professors. To stay not just abreast of, but ahead of, industry trends and business needs we are tapping into our CUREC industry boards for insights and direction, fine tuning and adding to our curriculum. Tom and Steve are both highly-regarded industry experts and continue to lead with new research for the real estate community.
As a major national real estate center, the CUREC has long hosted an important annual real estate forum in Colorado. Looking ahead, that forum, which will next be held on March 7, 2017, is taking on a new patina by adding a local flavor plus a global focus. This 20th Anniversary addition of the Forum promises to be special and cutting edge in its ability to inspire and lead the discussion in our industry. This year we are also launching an additional thought-leadership platform with a new Symposium Series, a unique event to be held four times a year, built around a global real estate leader who will offer the sort of ideas, insights and intuition not typically gained in a typical real estate program. Our inaugural event will be October 20th, anchored by a young woman real estate developer from Honduras who is leading the way in tying corporate social responsibility to real estate in one of the hemisphere’s most challenged markets. Future “real estate leaders in residence” will offer a similarly diverse and unique thought-leadership perspective to our students and industry cadres.
Finally, CUREC has been behind some of the highest job-placement numbers amongst graduates from the Leeds School of Business. We will be expanding this capability by broadening the opportunity base for real estate graduates’ jobs geographically, and by sector, to new areas such as banking, finance, planning and even governmental agencies. Once employed, our graduates are already working as alumni with the CUREC to build a powerful base of business mentors and supporters. Our goal is for the CUREC to be the go-to-center for jobs, career expansion, business networking and continued learning, both formally through CU programs and informally through CUREC events and activities. Our vision is to lift the CUREC to the mantle where it rightly belongs, as one of the world’s top real estate programs. As Executive Director, I will look forward to working with our friends and business partners as we pioneer new frontiers of academic learning within the real estate sector and help push against the very boundaries of opportunity and reward within the global real estate industry. Thank you for your continued support and enthusiasm.
Scott Cox has agreed to teach our undergraduate Real Estate Development course this fall. Between 2004 and April 2016, Scott was with IHP Capital Partners. IHP has invested more than $19B in for-sale residential projects throughout the US. For ten years prior to IHP, Scott was the Regional Manager of Residential Construction Lending and Public Homebuilding for Guarantee Bank. Scott has an MBA from UCLA, a Bachelor of Architecture from Cal Poly-San Luis Obispo, is a licensed architect and a member of ULI’s Community Development Council. Thanks to Eliot Hoyt for introducing Scott to CUREC.
Our MS program has 5 students enrolled in the 2016-2017 MS in Real Estate program.
2016 Enrollment Breakdown for MBA & MS Students:
Our undergraduate program continues to grow:
The GREA co-organized happy hour event with CUREC at the LazyDog in downtown Boulder. Students utilized the opportunity to network with fellow real estate students as well as some of our academic staff.
The GREA successfully delivered our first lunch and learn which the main focus was on an internship panel of second years who had an internship opportunity in real estate over the summer. Multiple students came up to GREA after the meeting thanking us for such an informative meeting.
The GREA in particular Katie Bloudoff and Chris Antonov, successfully led our first off site with Morgan Creek Ventures. Twelve students were able to attend in addition to Katie Latier. I have heard rave reviews on the tour, the GREA will make it a priority to lead similar type event in the near future.
The RE Certificate Program continues to show solid growth. The real estate seniors are breaking our record as our largest senior class of 94 students. Ten of them are graduating in December 2016 and the other 84 will be enrolled in the 2017 spring RE Internship class. Here’s a breakdown of what they are studying in addition to the Real Estate Certificate.
Overall, we currently have a total of 141 seniors, juniors and sophomores signed up to earn the Real Estate Certificate including 40 young women. This fall we are offering 6 sections of real estate classes (Principles, Finance, Law and Development) and have filled 320 seats with interested students.
Co-Curricular Events this Academic Year - In addition to the bi-weekly meetings of the RE Club with outstanding industry speakers, construction site tours and Habitat for Humanity service projects, the Center offers a large number of co-curricular activities. Every fall we have a basic Excel training class for 6 weeks (non-credit) plus an advanced Excel for real estate analysis workshop in early December.
The undergraduate club is organizing an industry association night in early November. We should have 14 or so associations present (ULI, NAIOP, CREW, etc) to talk to students about student memberships and events. The graduate real estate students (MBA/MS) will be invited, too.
Job Placement for the May and August 2016 Grads - Job placement this past spring and summer was very successful with a 93% placement rate for the real estate seniors who were looking for employment. Newly minted graduates are working for CBRE (Denver), Marcus & Millichap (Chicago and San Diego), Prologis, King Soopers Real Estate Division, United Properties, Broe RE Group, Conscience Bay, Rare Space, Prior and Associates, Bellweather Asset Management (LA), Ruschmeyer Corporation, Inverness Properties, McCaffrey Interests and Berland Development Group among others.
Thank you to all of the companies that have placed our graduate students and graduates into internships and permanent jobs this year!