Discover how a landmark gift from the Schack Family—whose members have been at the forefront of the New York real estate industry for over three generations—will enable NYU to make transformational enhancements to the Real Estate Institute (REI). Read articles about the huge impact the Schack Family’s generous investment will have in shaping future generations of real estate leaders as REI moves into the next phase of its dynamic history as the NYU Schack Institute of Real Estate.
From Crain’s New York Business—
NYU receives $10M donation
The Schack family donates money to create NYU Schack Institute of Real Estate.
The Real Estate Institute of New York University’s School of Continuing and Professional Studies announced today it has received a $10 million gift, the largest in its 40-year history.
The donation was made by the Schack family, whose eponymous privately held-company owns prime commercial real estate throughout Manhattan. The funds are to be used for the creation of an endowment for faculty recruitment, as well as for research. In recognition of the gift, the school will change its name to NYU Schack Institute of Real Estate, effective immediately.
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http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20080613/FREE/134908493/1046/newsletter01
From The Real Deal—
NYU Real Estate Institute renamed after $10M gift
The NYU Real Estate Institute will be renamed the NYU Schack Institute of Real Estate after the Schack family, which has been in the New York City real estate business for more than a century, donated $10 million, the largest gift in the institute's history.
READ THE STORY HERE
http://ny.therealdeal.com/articles/nyu-real-estate-institute-renamed-after-10m-gift
