‘We shape our buildings and afterwards our buildings shape us’
This statement made before the parliament buildings in Britain were rebuilt after the World War II should resonate with anyone involved in the real estate sector, a sector which plays a critical role in city building. The Real Estate Program at the Alberta School of Business has as its mission ‘to provide real estate education for builders of communities’ recognizing that anyone in any career in the real estate sector must share responsibility for our build environment and the role it plays in our daily lives.
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 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 program in Alberta.
Developing a Program
The development of a Program began in earnest in January of 2011. Real estate education at the Alberta School of Business has grown significantly over that past six years. A program has been created to serve many segments of the real estate community—including developers, investors, lenders, builders, consultants, and government. Graduates of the program have a skill set and background allowing them to take on the challenge of working with such entities as evidenced by successful placements over the last few years. Graduates have joined Melcor, CBRE, Avison Young, Colliers, JLL, One Properties, AIMCo, Deloitte, Colliers, the Rohit Group, CanadaICI and Beaverbrook among others.
The Real Estate Program in 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 research in real estate area at the U of A