Why Real Estate Education?
In spite of billions of sales volume dollars (over $31 billion in 2014), tens of thousands of transactions annually, and over $60 billion contributed to Canada’s GDP through the commercial real estate sector, there are very few post-secondary educational programs at universities that address the complex issues facing the real estate industry as it engages in city building.
Recognizing both the need and the opportunity for growth in this critical area of business education and engagement, the Alberta School of Business and the real estate community partnered together with a common mission to “raise the bar” for real estate education in Alberta.
As a result of their passion and commitment, the Stan Melton Chair in Real Estate was established in 2011 through generous donations from the Melton family, Melcor, BOMA, the Alberta Real Estate Association and the Alberta Real Estate Foundation, as well as many private sector real estate professionals. It was the launch of the first university-level real estate curriculum in Alberta.
Built on a Solid Foundation
The development of a real estate focus at the Alberta School of Business began in earnest in January of 2011. Since then, real estate education at the school has grown significantly and serves many segments of the real estate community—including developers, investors, lenders, builders, consultants, and government. Under the leadership of David Dale-Johnson, the Stan Melton Executive Professor in Real Estate, students learn the full scope of the industry through academic courses, industry events, student clubs, case competitions, internships and co-ops.
Graduates with a real estate focus have a skill set and background allowing them to take on the challenge of working with high profile entities as evidenced by successful placements over the last few years. For example, graduates have joined Melcor, CBRE, Avison Young, Colliers, JLL, One Properties, AIMCo, Deloitte, Colliers, the Rohit Group, CanadaICI and Beaverbrook among others.
Real Estate at the Alberta School of Business:
- Has a core curriculum which matches some of the best programs globally
- Facilitates outreach to the industry through networking events, placement of students, and engagement with the industry and the community
- Has enhanced the level of applied as well as academic real estate research at the University of Alberta