NEW YORK, November 1, 2011 – Former NYU Schack Institute of Real Estate Divisional Dean D. Kenneth Patton, who currently serves as a visiting clinical associate professor at the NYU School of Continuing and Professional Studies (NYU-SCPS) based Institute, has been appointed interim special advisor for NYU Schack. He will serve alongside Rosemary Scanlon, who was recently appointed interim divisional dean, in guiding NYU Schack through the transition period until a new divisional dean is appointed.
During his tenure as divisional dean of the Schack Institute, in which capacity he served from 1998 to 2009, he oversaw the addition of the Master of Science in Construction Management; a more than threefold increase in graduate program enrollments; growth of noncredit education enrollment; development of a full-time faculty; additional international student enrollment and affiliations with foreign institutions; and the founding of the NYU-SCPS REIT Center, dedicated to the study of real estate investment trusts. While divisional dean, Patton also held the Klara and Larry Silverstein Chair in Real Estate Development, which he will assume on an interim basis until a new divisional dean is named.
Patton possesses more than 30 years of experience as an economist, a real estate consultant, and a developer. Before joining NYU Schack, he served for 13 years as COO of Helmsley-Spear Inc., where he brokered more than $1 billion worth of transactions. Prior to joining Helmsley-Spear, he served for seven years as president of the Real Estate Board of New York (REBNY). In this role, he advised the Urban Action Development Grant Program on its conversion from a system of grants to one of subordinate loans.
He also served for six years as New York City’s Economic Development administrator and as commissioner of commerce under Mayor John V. Lindsay, heading the creation of the nation’s largest and most comprehensive effort in the area of urban economic development. Under his direction, more than 2,000 acres of land were assembled for urban industrial parks and downtown development in the outer boroughs; the construction of Hunts Point Market was accelerated; the South Street Seaport restoration was launched; Yankee Stadium was acquired and its renovation was initiated; the Convention Center Authority was created, which ultimately was responsible for building the Jacob K. Javits Convention Center; the Brooklyn Navy Yard was purchased; and 16,000 jobs were created.
Patton’s career in urban economic development began as a neighborhood activist in Brooklyn in the late 1960s. He was president of one of the borough’s first block associations and founding chairman of the Brownstone Revival Committee.
Patton remains active in civic life, serving on more than 20 boards. They include: Pratt Institute; the New York City Police Foundation (which he once chaired); and the Theater Development Fund. In addition, he chairs the residential negotiating committee for the real estate industry with the Building Service Employees.
About the NYU Schack Institute of Real Estate
The NYU Schack Institute of Real Estate (scps.nyu.edu/schack) was founded in 1967, at the initiative of prominent real estate leaders who encouraged NYU to establish an academic center that provided an educational foundation for professionals within their industry. Today, NYU Schack is home to three graduate degrees and related graduate certificate programs— the M.S. in Real Estate, the M.S. in Construction Management and the new MS in Real Estate Development—which enroll some 700 full- and part-time students from more than 30 countries. The NYU Schack Institute now has nearly 2,500 alumni degree-holders around the globe. In addition, each year approximately 7,200 working professionals enroll in the Institute's professional certificate programs, noncredit courses, and licensure-related offerings in such areas as real estate finance, sales and brokerage, sustainable design, facilities management, and architecture and civil engineering. The Institute also houses the NYU REIT Center and the Center for the Sustainable Built Environment and hosts key industry events, including annual conferences on Real Estate Capital Markets and REITs. NYU Schack is one of several comprehensive academic divisions within the School of Continuing and Professional Studies (NYU-SCPS), the NYU home for study and applied research related to key knowledge-based industries where the New York region is a global leader.