Real Estate Club Lays Out Ambitious Agenda
Kenyattah Robinson MBA’06
Issue date: 2/16/05 Section: Johnson News
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In which industry are MBA terms such as yield curve, supply and demand, venture capital, private equity, public debt, and liquidity a part of everyday business? If you answered real estate, you would be correct.
From Wall Street to Main Street, hardly any market helps facilitate the global exchange of capital and create vibrant, healthy communities more so than real estate. It has offered protection to investors during the recent economic downturn, and provided families the opportunity to accrue wealth thanks to strong home-price appreciation. The American real estate industry also has been a source of global innovation. Once a product used just in the United States, real estate investment trusts-commonly referred to as REITs-now can be found in 22 countries.
In short, real estate is one of the most powerful forces in the economy. But it also is a dynamic business in which the challenges are complex and require practical, innovative solutions. That's why the Associate Real Estate Council (AREC) exists: to ensure Cornell students have the preparation they need to be the real estate leaders of the future. Comprised of more than 40 students from Masters Program in Real Estate (MPS/RE), the Johnson Graduate School of Management (MBA), and the School of Hotel Administration (MMH), AREC facilitates educational and networking opportunities among industry leaders and members of the Cornell community.
In late November, AREC members convened to elect their 2005 executive board. With the executive board now in place, the incoming officers-listed in text box-have compiled an ambitious agenda geared towards promoting unity across the schools that comprise the club. Their logic is simple: planning, designing, and developing great places require cooperation and teamwork among professionals across the real estate industry. That makes AREC and its low-risk environment a perfect incubator where members can develop these skills.
Here are four items the incoming board has identified as areas of focus in 2005:
From Wall Street to Main Street, hardly any market helps facilitate the global exchange of capital and create vibrant, healthy communities more so than real estate. It has offered protection to investors during the recent economic downturn, and provided families the opportunity to accrue wealth thanks to strong home-price appreciation. The American real estate industry also has been a source of global innovation. Once a product used just in the United States, real estate investment trusts-commonly referred to as REITs-now can be found in 22 countries.
In short, real estate is one of the most powerful forces in the economy. But it also is a dynamic business in which the challenges are complex and require practical, innovative solutions. That's why the Associate Real Estate Council (AREC) exists: to ensure Cornell students have the preparation they need to be the real estate leaders of the future. Comprised of more than 40 students from Masters Program in Real Estate (MPS/RE), the Johnson Graduate School of Management (MBA), and the School of Hotel Administration (MMH), AREC facilitates educational and networking opportunities among industry leaders and members of the Cornell community.
In late November, AREC members convened to elect their 2005 executive board. With the executive board now in place, the incoming officers-listed in text box-have compiled an ambitious agenda geared towards promoting unity across the schools that comprise the club. Their logic is simple: planning, designing, and developing great places require cooperation and teamwork among professionals across the real estate industry. That makes AREC and its low-risk environment a perfect incubator where members can develop these skills.
Here are four items the incoming board has identified as areas of focus in 2005: