the center for real estate education and research council meeting...the center for real estate...

�e Center for Real EstateEducation & Research

The Center for Real EstateEducation and Research

Advisory Council MeetingOctober 22, 2009


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MissionThe Center for Real Estate Education & Research in the Fisher College of Business at The Ohio State University is directed by three primary objectives:1. To create new knowledge and provide expert analysis through

academic and empirical research in all aspects of real estate.2. To guide the direction of the real estate academic curriculum

at The Ohio State University which will provide students with a multi-disciplinary, real world approach to comprehending real estate.

3. To provide programs and opportunities that expand students understanding of real estate, connect them with professionals in the real estate industry and enhance their chance of acquiring their ideal job and/or internship.


Vision3

Through a multidisciplinary education and relevant job training informed by cutting-edge research we will train the next generation of leaders in the real estate industry. The Center will bring together university communities to build innovative, cross-curricular real estate initiatives in research, teaching, and mentorship. Through these programs the Center for Real Estate will help attract the best students to the Fisher College of Business and provide them the training necessary to prepare them for a wide range of successful careers. Local, regional, and national organizations will increasingly identify graduates of The Ohio State University as the most qualified candidates for jobs that require the full breadth of knowledge of the real estate industry.

The Center for Real Estate will also connect students, faculty, and staff with real estate professionals, and community and government leaders to create greater synergy between the state’s education and training infrastructure and its economic development initiatives. These partnerships will help develop sustainable neighborhoods and communities which will provide the infrastructure and services that make communities flourish. As a result, our program will improve the community and accelerate regional economic development by attracting talented and highly educated students, faculty and industry professionals to study, teach, research and live within The Ohio State University community.


2009 Recipient of the Fisher Alumni

Young Professional Award

Congratulations to Tim Gallagher!

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Ongoing Initiatives(Highlights)

Review of undergraduate curriculum

Transition to semester system

Search for Klatskin Chair of Real Estate Center

Introduction of property management into curriculum


Current Topic Discussion SeriesCurrent Initiatives

(Highlights)

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Green Development & Design Panel DiscussionWednesday, Oct 28th 7pm

315 Schoenbaum HallAll students, staff & faculty are welcome!

(Free sandwiches, cookies and soda will be included!)Focusing on environmentally sustainable initiatives in real estate development, architectural design and construction management,

experts will lead an open discussion about future and current environmentally friendly projects, LEED certification and the “green” movement as a whole.

Is environmental sustainability helping or hurting overall bottom lines?What green projects are going up today?

What’s next for the green movement?How will it affect your career?Come and join the discussion!!!

Questions from the audience will be welcomed. All students are welcome!


Current Initiatives(Highlights)

Project Analysis Series

DescriptionOnce per quarter, we bring in all of the players involved in a major local real estate development. From conception to completion they cover the entire process of how the project came to being – where the idea came from, how it got off the ground, what went right, what went wrong, what they’d change, etc.This series is about showing students the whole picture, from the very beginning to the present, of how a project gets done. Certainly, the event is in no way a method to critique the project. Rather, we expect that through a thoughtful, retrospective narrative of a specific project, the group of panelists will be able to provide insight on how things work in “the real world.” We created this series with the hope that students, with little or no experience, will be able to gain a better understanding of how the business works, one project at a time.

Next Up: South Campus GatewayNov 18th

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Current Initiatives(Highlights)

Autumn Calendar

Tuesday, Sep 30th 7:30pm315 Schoenbaum HallFRES Meet & Greet

(Undergraduate Chapter)

Friday, Oct 23rd 8am-1pmGerlach Hall

Real Estate Bootcamp

Wednesday, Oct 28th 7:30315 Schoenbaum Hall

Current Topic Discussion Series Presents Environmental Sustainability

Friday, Oct 30th 1pmOhio Union Site Walk-Through

Friday, Nov 6th 3pmOhio Union Site Walk-Through

Wednesday, Nov 11th 5pm-7pmVarsity Club

Urban Land Institute Mixer

Wednesday Nov 18th 7pm315 Schoenbaum Hall

Project Analysis Series Presents South Campus Gateway

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Fisher Real Estate Society

(FRES)

31 MBA and MACC students interested in real estate

21 New members in 2009-2010

Open to Knowlton students as well

Who is FRES?

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(FRES)

Introduce students to career options in real estate

Connect students with real estate companies and professionals locally and nationally

Hold events that appeal to all disciplines in real estate and business

Access to all of OSU’s real estate resourcesScholarshipsMentorship programOutside training and resourcesOther Professional Schools

Benefits

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(FRES)

Site visit to Huntington Park

Young Alumni Happy Hour at Columbus Athletic Club

Executive Lunch Series

Home buying Seminar

Last Year’s Highlights

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Financial Sustainability

Growing the council

1. Bring 2 additional people to the Advisory Council

2. Additional ideas…


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1. Levels of donationsa) $10,000, $5,000, $2,500, $500

2. Deliverables

3. Level for Advisory Council Membersa) Encourage a shareholder level commitment of $1,000

Corporate & Individual Donors


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1. A. Property Owner Unit Donations

2. B. Grad Student Consulting Service

Revenue Generating Programs


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1. Initial “Kick Off” event this spring

2. Annual Event

a) Center for Real Estate Conferencei. Educational Session throughout the daysii. Big name keynote speakeriii. Exclusive events for donors in eveningiv. Opportunities to judge student case competitionv. Goal of implementation in Spring 2011


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Academic Curriculum

Knowlton School of ArchitectureMoritz School of LawConstruction ManagementCivil EngineeringGeography

Multi-Disciplinary Real Estate Collaboration


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Academic Curriculum

This capstone Real Estate Development workshop is a pioneering effort to bring together students and faculty from multiple Colleges within the University to simulate real-world development collaboration. A case study, derived from an actual and current central Ohio real estate development project, will give students the opportunity to work in cross-functional teams to develop a proposal and present to a panel of industry leaders.

The course will expose students to the breadth of the real estate development process by combining real estate expertise and real-world practical knowledge. This approach to learning provides students the theoretical foundation and the practical application to allow for comprehensive real estate skill development.

The multiple steps of the development process will be taught by various professors from several colleges, as well as industry leaders. Lectures will cover many aspects of the development cycle, including: Real Estate Law, Architecture and Design, Urban Planning, Construction Management, Geography, Finance, and Real Estate and Property Management.

Inaugural Multidisciplinary Capstone CourseWinter 2010


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Academic Curriculum

1 Year Master’s Degree in real estate

Multidisciplinary approach

Offered through Fisher College of Business

Goal:


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Network &Mentoring

Prospective mentors Fill out short questionnairePlaced in “pool”

Matched for 1 academic yearCan be rematched following year or not

Grad + Undergrad participantsNon-competitive application for studentsEvents in each quarter

Mentor Program (Overview)


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Network &Mentoring

Pilot program huge success13 pairs

Gained tremendous insight for improvements

Mentor Program (Last Year)


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Network &Mentoring

Improvements:Dedicated event per quarterPairs lunchesOpen enrollment throughout the year

Received 29 Mentee Applications!More than double last year’s total

Currently have 30 Mentors in the poolAlways need more mentors for the pool…

Mentor Program (Current Year)


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Career DevelopmentInitiative

Creation of a new committee

Coordinates with Office of Career ManagementPrepare students for Real Estate job opportunitiesEstablish a group of companies that will utilize

Fisher to recruit employees


Please leave Name Tags, Tents, etc.(We will reuse or recycle everything!)

Thank You!

[email protected]

www.fisher.osu.edu/realestate

The Center for Real EstateEducation and Research

Current Initiatives

Multi-Disciplinary Collaboration – We’re proud to be grooming know-it-alls. Our students aren’t just taught real estate �nance – they’re taught the whole industry. We collaborate with the colleges of Architecture and Regional Planning, Law, Geogra-phy, Construction Management, Civil Engineering and Environmental Resources to impart our students with all the knowledge they need to be successful right out of the gate. We are working together to form a ground breaking curriculum, further research and create new knowledge and provide opportunities for student’s educa-tional and experiential growth. Eventually, we hope this collaboration will lead to a one year's Masters program in Real Estate.

Mentor Program – A unique opportunity to learn about the industry from the inside. Students are partnered with leading real estate industry professionals in a one-to-one match. Students gain knowledge of the industry, experience networking with professional and get advice on everything from class projects to career decisions.

�e REView – Informative, engaging and accessible. Our topical magazine is written by students, faculty and professionals. Focusing on one relevant theme each issue, each article o�ers comprehensive insight, informed opinions and diverse ideas about issues confronting the real estate industry today. Published once per year in the spring.

Project Analysis Series – We show students the whole picture. Once per quarter, we bring in all of the players involved in a major local real estate development. From conception to completion they cover the entire process of how the project came to being – what went right, what went wrong, what they’d change, etc. Projects include South Campus Gateway and Easton Mall.

Site Walk-�rough Series – Seeing is understanding. Several times a year students are invited to take an educational tour of the site of a nearly completed project. �e tours, conducted by the lead developer, lead architect and construction manager, o�er incredible insight to how a project is developed, designed and constructed.

Current Topic Discussion Series – Today’s trends with tomorrow’s insight. Once per quarter we gather up a few industry leaders to discuss an emerging topic in the real estate industry. In a panel discussion format, industry leaders share their knowledge and vision with large student audiences. Topics include environmental sustainabil-ity, international real estate, etc.

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Current Initiatives Continued...

Speaker Series – So much more than just lectures. Our speakers provide penetrating insight to a wide breadth of topics in a casual, interactive environment. Often in a panel discussion format, industry leaders are brought in several times each quarter to share their experiences and expertise with large student audiences. Topics include real estate economic forecasts, local real estate growth markets , campus housing, etc.

Mixer Series – Often in real estate, it’s not just what you know, but who you know. In an e�ort to grow student’s professional network of contacts, we partner with national and international organizations to connect students to future employers. Organizations include ULI, NAIOP, IREM, CCIM, ICSC.

Argus Certi�cation – We teach our students how the pros do it. In collaboration with Argus Software, Ohio State is part of a pilot program to certify students in the industry standard commercial real estate cash �ow projection, transaction analysis and asset valuation solution software.

Scholarships – Pay your way through school by working in the classroom. We want students to focus on their education, not how they’re going to pay for it. �e Center o�ers more than $30,000 annually to aid students in their quest for the best real estate education.

Real Estate Library – Our knowledge runs deep. We house an ever-growing comprehensive real estate library of more than 50 current and classic real estate books and leading industry periodicals. A special section is devoted to career guides in real estate. All books and periodicals are available to loan for student use.

National Case Competitions – Guided, practical experience. Our students compete annually in one of the most prestigious real estate case competition in the world, the ULI Gerald D. Hines Student Urban Design Competition. We regularly �eld several teams and partner with the Knowlton School of Architecture and our local ULI chapter to provide professional mentors to each team.

Fisher Real Estate Society (FRES) – We work closely with our student organiza-tions. Both are very active in planning and partnering on all of our events. �e undergraduate Chapter has over 60 active members while the graduate chapter has approximately 15 active members.

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Disciplines Involved in Collaboration

College of Engineering122 Hitchcock Hall�e College of Engineering is consistently ranked among the top engineering schools in the nation. �ey o�er 13 undergraduate and 17 graduate engineering programs through the 11 engineering departments, as well as two undergraduate and three graduate degrees from the Knowlton School of Architecture.

Construction Systems ManagementDepartment of Food, Agriculture and Biological EngineeringAgricultural Engineering Bldg Construction Systems Management (CSM) is the planning, construction, and management of dwellings, service structures, and other permanent facilities. �e systems approach to curriculum in the CSM specialty provides understanding of land acquisition and development, social, environmental and legal factors, as well as �nancial management and marketing. �is option will provide the student with a background in the technical and managerial aspects of construction. In a construc-tion �rm, one might plan the construction operations of a new project. �is would include site layout, sequencing and scheduling of tasks, temporary structures, equipment selection, work organization, materials management, and environmental safeguards.�e Construction Systems Management curriculum includes site surveying and preparation, data analysis, an introduction to architectural structures, wood and steel construction design, technical drawing, blueprint reading, CAD, estimating, safety, professional development, and management.

Department of Geography1036 Derby HallAt Ohio State, you don’t just learn about geography – you experience it. It is in part why the Geography department is recognized as one of the top �ve geography departments in the nation. �ey’ve earned that distinction by (1) o�ering a diverse and challenging curriculum with four distinct �elds of specialization, (2) employing world-renowned faculty and researchers in the �eld to guide our work and (3) engaging students at the graduate and undergraduate level in hands-on study and �eld work that translates into practical experience.

Michael E. Moritz College of LawDrinko Hall�e Moritz College of Law has served the citizens of Ohio and the nation since its establishment in 1891. Since its founding, the college has played a leading role in the legal profession through countless contributions made by graduates and faculty. �e administration of Moritz Law is committed to advancing the quality and reputation of the college through ongoing improvements to the academic program and student services. In keeping with this commitment, Moritz Law launched a new LL.M. program for foreign lawyers in Fall 2007, further internationalizing an already diverse J.D. program.

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Knowlton School of ArchitectureKnowlton Hall�e Knowlton School of Architecture o�ers undergraduate and graduate programs in Architecture, Landscape Architecture, and City and Regional Planning. �ese multi-faceted disciplines both enhance and sustain natural and man-made settings, ranging from buildings and sites to neighborhoods, cities, and regions, all of which are subject to diverse and con�icting economic, social, ecological, cultural, and aesthetic objectives and constraints. To do so, these disciplines borrow from the arts and the sciences, calling for creativity and imagination in design and planning at various scales, and for technical skills in understanding the environments in which we live and forecasting how they might evolve.

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606 Fisher Hall2100 Neil Ave.

Columbus, OH 43210(614) 292-2109

(614) 292-2418 FAX

�sher.osu.edu

www.�sher.osu.edu/realestate

[email protected]


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