“Buy Chicago!” advises Spencer Levy, chairman of Americas Research and senior economic advisor for CBRE. In MBIRE’s latest Fogelson Forum, he listed Chicago’s “Five Factors of Awesome” – Live, Work, Play; Foreign Money; Talent; Ease of Doing Business; and Infrastructure. Replay the virtual event to gain more capital markets insight: Fogelson Forum | 60 Days and Counting | Virtual Event
MBIRE announced a new initiative that allows incoming graduate students to be awarded up to 12 credit hours of academic credit toward a Master of Science in Real Estate (MSRE) degree for certain industry certifications or experience. This Prior Learning Assessment (PLA) program became effective starting with the spring 2021 semester.
“This new policy gives students a leg up in receiving their degree faster and MBIRE a competitive advantage in the marketplace as we’re the only local real estate school to offer a PLA program,” said Collete English Dixon, executive director of MBIRE. “We want to acknowledge the significant and meaningful knowledge that can be acquired through professional work experience. And the industry certifications we selected for the program require rigorous study, testing and portfolio development that is deserving of graduate-level academic credit.”
Applicants seeking credit for industry experience must provide details of the knowledge and skills they gained through their professional career and include references. Their experiential learning will be assessed and evaluated by MBIRE professors to ensure the experience matches the learning outcomes and competences of the related core class.
Under the PLA program, credit may be earned for one or more of the following four courses:
Through the PLA program, real estate professionals can also receive a maximum of 12 graduate credit hours of academic credit for the following designations, which are broadly recognized throughout the real estate industry for their high standards and requirements as they can take several years of study and experience to obtain:
“The PLA program allows us to offer significant savings in costs and time to qualified graduate students,” said English Dixon. “And, it may encourage people that have been on the fence to go ahead and get the additional credential of an MSRE degree when they realize they might already have a semester or two of earned credits under their belt – it gives them a jump start.”
Students approved for receiving PLA credit pay a $100 per credit hour fee at MBIRE, which is significantly lower than the current tuition fee of $1,100 per credit. Under the PLA program, students receiving the maximum 12 credits would save $12,000 in tuition. Other requirements for those awarded credit include completing at least six credit hours of MSRE graduate courses with a GPA of at least 3.0 and enrolling in a second semester of courses.
According to guidance provided by the Council for Adult and Experiential Learning (CAEL), PLA credit is increasingly common at the graduate level. “From MBIRE’s robust scholarship program to the array of networking opportunities we provide, this is just one more way we are aligning our programming and instruction with the current needs and diverse backgrounds of those looking to be future leaders in the real estate industry,” said English Dixon.
In this story, published February 16, 2021, in Bisnow, Collete English Dixon, executive director of the Marshall Bennett Institute of Real Estate at Roosevelt University, weighed in on the increase she’s seen in interest among banks, wealth management and private equity firms involved in commercial real estate in recruiting Black graduates and students.
Bisnow reported, “Historically Black Colleges and Universities across the nation are experiencing a surge in interest this year as much of the business world, including the commercial real estate industry, has vowed to do more to promote inclusion.”
While MBIRE is not an Historically Black College and University, when a CRE firm makes a hire from the school, it is often a person of color due to the student body demographics – and it is someone ready to hit the ground running in CRE.
MBIRE offers one of the country’s most diverse graduate real estate program with the school’s Master of Science in Real Estate (MSRE) program often drawing at least 50% Black students and people of color.
The goal of the Lincoln Park Builders of Chicago (LPBC) scholarship is to support overall excellence in the real estate industry. It seeks to recruit, educate, assist, and support educating students, particularly those interested in multi-family real estate.
Applicants must meet the current admission requirements of HCB. In particular, applicants will have completed an undergraduate degree with a minimum GPA of 3.0 and have 2-3 years of work experience in real estate or a related field. Employer recommendation letter requested.
Students will be required to (a) maintain a GPA of 3.5; (b) be continuously registered; (c) take two classes each regular semester; (d) complete the Institute’s professional training courses; and, (e) fully participate in Institute and LPBC activities. The degree must be completed in two years after initial enrollment.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
A scholar under this scholarship fund will be given a mentor from the Lincoln Park Builders of Chicago and are expected to participate in the LPBC’s events. The mentors will provide shadowing, attendance at events, exposure to the industry, networking opportunities, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor.
Students will be informed of career opportunities through the Institute.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Graduates from the program will receive a special certificate as a scholar of LINCOLN PARK BUILDERS CLUB OF CHICAGO FUND.
Hipolito Roldan, President, Hispanic Housing Development Corporation (HHDC) oversees a wide range of community development activities including developing, managing and investing in affordable housing and economic development in the Latino community. In 1988, Mr. Roldan was awarded the John D. and Catherine T. MacArthur Foundation Fellowship for his work in community development. In 2016 Mr. Roldan and HHDC celebrated their 40th anniversary of community investment work. The Fellowship and the 40th Anniversary gifts have been dedicated to this program to give opportunities to students to obtain a graduate degree that combines academic and “hands on” experience in community development and real estate.
Applicants will be required to have completed an undergraduate degree (with a minimum 3.0 average). 2-3 years real estate and or community work experience and employer support letter preferred.
Students will be required to maintain an overall GPA of 3.5 or better and be continuously registered in one of the real estate degree programs. The degree must be completed in two years.
Selected students will receive an annual scholarship of $5,000/ year for up to two years to complete the degree program.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s and/or HHDC’s mentoring program(s). The mentors will provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. Internships at Duke Realty, or elsewhere, will give “hands on” experience.
Students will be informed of job opportunities through the Institute.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Students will be invited to a range of industry programs hosted at the Institute. These include lectures, the annual real estate gala, and memberships in professional groups. Industry events will provide learning experiences and networking opportunities.
The Director of the Institute is always available to meet with students to review and explore career options. These meetings can include an evaluation of classes and industry events to best prepare students for placement in their chosen field.
Graduates from the program will receive a special certificate designating them as graduates of TOMORROWS HISPANIC LEADERS IN REAL ESTATE Program.
The goal of the Scholarship is to recruit, educate, financially assist and support the next generation of real estate leaders. Preference for scholarships will be directed towards students from underserved communities.
Applicants must meet the current admission requirements to the real estate major in the HCB. In particular, scholars will be completing/have completed their first 2 years of undergraduate studies with a minimum GPA of 3.0 and have declared their intent to pursue their business major in real estate. Students will have submitted their FAFSA forms to the University identifying their financial need.
Students will be required to (a) maintain a GPA of 3.0; (b) be continuously registered; (c) complete the Institute’s professional training courses; and, (d) fully participate in Institute and Northern Builders’ scholarship fund activities. The BSBA-RE degree must be completed within two years after initial enrollment in the real estate major.
Selected students, depending upon financial need, are eligible to receive an annual scholarship of up to $7,500/ year for up to two years (or a maximum of $15,000) to complete the BSBA-RE degree program.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s mentoring program. Mentors can provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. It is expected that scholars will pursue internships during their studies in the real estate program to obtain “hands on” experience.
Students will be informed of full-time, internship and other job opportunities through the Institute.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Upon graduation, scholars will receive a special certificate as a scholar of the McCAFFERY INTERESTS, INC. FUND FOR REAL ESTATE ENTREPRENEURSHIP.
The goal of the Duke Realty Fund Scholarship is to support diversity as well as overall excellence in the real estate industry. It seeks to recruit, educate, financially assist and support educating students, particularly those interested in industrial real estate.
Applicants must meet the current admission requirements of HCB. In particular, applicants will have completed an undergraduate degree with a minimum GPA of 3.0 and have 2-3 years of work experience in real estate or a related field. Employer recommendation letter requested.
Students will be required to (a) maintain a GPA of 3.5; (b) be continuously registered; (c) take two classes each regular semester; (d) complete the Institute’s professional training courses; and, (e) fully participate in Institute and DREAM FUND activities. The degree must be completed in two years after initial enrollment.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s and/or Duke Realty mentoring program(s). The mentors will provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. Internships at Duke Realty, or elsewhere, will give “hands on” experience.
Duke Realty’s Human Resources Department will communicate Duke Realty job openings in Chicago and nationally. Students will be informed of other opportunities through the Institute.
Scholars will be hosted at an annual luncheon sponsored by Duke Realty for the scholars and alumni, program mentors, and Duke Realty leaders.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Upon graduation, scholars will receive a special certificate as a scholars of THE DUKE REALTY DREAM FUND.
The goal of the Duke Realty Fund Scholarship is to support diversity as well as overall excellence in the real estate industry. It seeks to recruit, educate, financially assist and support educating students, particularly those interested in industrial real estate.
Applicants must meet the current admission requirements of to the real estate major in the HCB. In particular, scholars will be completing/have completed their first 2 years of undergraduate studies with a minimum GPA of 3.0 and have declared their intent to pursue their business major in real estate.
Students will be required to (a) maintain a GPA of 3.0; (b) be continuously registered; (c) complete the Institute’s professional training courses; and, (d) fully participate in Institute and DREAM FUND activities. The BSBA-RE degree must be completed in two years after initial enrollment in the real estate major.
Selected students will receive an annual scholarship of $7,500/ year for up to two years (or a maximum of $15,000) to complete the BSBA-RE degree program.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s and/or Duke Realty mentoring program(s). The mentors will provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. It is expected that scholars will pursue internships during their studies in the real estate program to obtain “hands on” experience.
Duke Realty’s Human Resources Department will communicate Duke Realty job openings in Chicago and nationally. Students will be informed of other opportunities through the Institute.
Scholars will be hosted at an annual luncheon sponsored by Duke Realty for the scholars and alumni, program mentors, and Duke Realty leaders.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Upon graduation, scholars will receive a special certificate as a scholars of THE DUKE REALTY DREAM FUND.
The goal of the Scholarship is to recruit, educate, financially assist and support the next generation of real estate leaders.
Applicants must meet the current admission requirements to the real estate major in the HCB. In particular, scholars will be completing/have completed their first 2 years of undergraduate studies with a minimum GPA of 3.0 and have declared their intent to pursue their business major in real estate. Students will have submitted their FAFSA forms to the University identifying their financial need.
Students will be required to (a) maintain a GPA of 3.0; (b) be continuously registered; (c) complete the Institute’s professional training courses; and, (d) fully participate in Institute and Northern Builders’ scholarship fund activities. The BSBA-RE degree must be completed within two years after initial enrollment in the real estate major.
Selected students, depending upon financial need, are eligible to receive an annual scholarship of up to $20,000/ year for up to two years (or a maximum of $40,000) to complete the BSBA-RE degree program.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s mentoring program. Mentors can provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. It is expected that scholars will pursue internships during their studies in the real estate program to obtain “hands on” experience.
Students will be informed of full-time, internship and other job opportunities through the Institute.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Upon graduation, scholars will receive a special certificate as a scholar of the LOUIS AND RUTH KAHNWEILER SCHOLARSHIP FOR FUTURE LEADERS IN REAL ESTATE.
The goal of the Scholarship is to recruit, educate, financially assist and support the next generation of real estate leaders, particularly those interested in industrial real estate.
Applicants must meet the current admission requirements of HCB. In particular, applicants will have completed an undergraduate degree with a minimum GPA of 3.0 and have 2-3 years of work experience in real estate or a related field. Employer recommendation letter requested.
Students will be required to (a) maintain a GPA of 3.5; (b) be continuously registered; (c) take two classes each regular semester; (d) complete the Institute’s professional training courses; and, (e) fully participate in Institute and Northern Builders’ scholarship fund activities. The degree must be completed in two years after initial enrollment.
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
All students are expected to participate in the Institute’s mentoring program. The mentors can provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Each semester the student will have an opportunity to review career options with the industry mentor. Internships at Northern Builders, or elsewhere, will give “hands on” experience.
Northern Builders will network with Chicago-area fires and share employment opportunities as they become available. Students will be informed of other opportunities through the Institute.
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
Graduates from the program will receive a special certificate as a scholar of THE JAMES P. GRUSECKI AND NORTHERN BUILDERS, INC. SCHOLARSHIP FOR FUTURE LEADERS IN INDUSTRIAL REAL ESTATE.