NYU Schack Institute of Real Estate Newsletter

Fall 2008 Edition

REI Renamed NYU Schack Institute of Real Estate

The Real Estate Institute has been renamed the NYU Schack Institute of Real Estate in honor of the Schack family, who over the past 100 years has owned and developed real estate in New York City. The Schack family donated a $10 million cash gift—the largest in the School’s history—to provide critical support for students, faculty, research, and physical infrastructure. The contribution is the lead gift in a campaign to build a permanent endowment for the 40-year-old Institute, the University’s home for applied research, graduate study, and continuing professional education in real estate, construction management, and related fields. The campaign was announced at the annual Urban Leadership Dinner held in June at New York City’s Waldorf=Astoria hotel

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$1 Million Gift to Broaden Diversity in Real Estate Profession

The School of Continuing and Professional Studies received a path-breaking $1 million gift from James and Marjorie Kuhn for its Schack Institute of Real Estate, home to NYU’s graduate and continuing professional education programs in real estate, construction management, and related fields. The gift endows The James and Marjorie Kuhn Program to Foster Diversity. This leadership initiative will help fund recruitment, financial aid, mentoring, placement, and other efforts in support of broadening access and ultimately increasing the numbers of future real estate professionals from diverse backgrounds.

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