A total of 31 Rutgers students benefited from the generosity of the center's supporters.

Center for Real Estate awards more than $100,000 in scholarships

The Center for Real Estate at Rutgers Business School awarded scholarships to 31 students for the fall 2018 semester. Student recipients were selected based on their academic achievements as well as their overall dedication, commitment and enthusiasm for the field of real estate.

Eighteen undergraduate students and seven graduate students were awarded scholarships totaling $74,500. Additionally, four students received a Hampshire scholarship and two students received a Wilf-Tanzman scholarship, each for $5,000, increasing the total to $104,500 for the fall 2018 semester.

The “named” Hampshire and Wilf-Tanzman scholarships were created as a result of substantial gifts by two executive committee members. Jimmy Hanson and Brett Tanzman and their families each committed $200,000 for the purposes of funding scholarships to students pursuing a real estate concentration as part of their degree program. These generous gifts are the starting point of the Rutgers Center for Real Estate’s campaign to distribute $1 million in scholarship funds to its students annually.

The Hampshire Scholars include Michael Acciani, John Frisina, Thomas Brady, and Louis Marchetta. Omayra Echenique Valdes and Yll Krasniqi are the Wilf-Tanzman scholarship recipients. These students demonstrated exemplary performance in their studies and commitment to the real estate industry.

Since the Fall of 2015, the year the Rutgers Center for Real Estate was established, students have had the opportunity to apply for scholarships each semester. A number of students have received multiple scholarships from the Center for Real Estate and many have graduated and are now working in the field of real estate.

The executive committee, advisory board and emerging leaders council members of the Rutgers Center for Real Estate, in their goal to support the Center for Real Estate as it grows, allocate a significant portion of their annual donations to student scholarships. Morris Davis, Paul V. Profeta Chair of Real Estate and the academic director of the Rutgers Center for Real Estate said, “It has been my honor to distribute these scholarships to the best students in our program. We are so appreciative of all of our advisory board and emerging leaders council members who have financially invested in us and our students and have made these scholarships possible.”

Lynn deCastro, executive director of PGIM Real Estate, a member of the Center for Real Estate’s executive committee and co-chair of the scholarship committee, indicated her support for the program.

“Ron Ladell and I have co-chaired the Scholarship Committee since its inception and have had the pleasure to review hundreds of scholarship applications,” she said. “Awarding these scholarships to help students with tuition fees and loans enables them to graduate with the skills to pursue a rewarding professional careers in real estate.”

Ron Ladell, senior vice president of AvalonBay communities, Inc., also a member of the Center for Real Estate’s executive committee, and the other co-chair of the scholarship committee, was especially complimentary of the increased level of student scholarship applications. “The Center continues to grow and expand its student population and course offerings,” he said. “This semester we were pleased to receive more than 50 applications allowing the committee to select the top 31 as scholarship recipients.”

To learn more about the Center for Real Estate at Rutgers Business School please visit www.rutgersrealestate.com. Stay connected by following the Center for Real Estate at Rutgers Business School on Twitter at: @RutgersCRE or like and follow the Center on Facebook at www.facebook.com/RutgersBusinessCRE.

About The Center for Real Estate at Rutgers Business School

The Center for Real Estate at Rutgers Business School was established in 2015 as a rising academic program positioned to transform and inspire the next generation of real estate leaders. The Center’s Advisory Board is comprised of the most knowledgeable and successful real estate professionals, in both academic study and in real world practice, and is dedicated to creating and cultivating a collaborative community of industry thought leaders. The Center for Real Estate is establishing and pioneering cross-disciplinary programs around two fundamental real estate challenges – supply chain/industrial real estate and public policy/urban redevelopment – in collaboration with established and renowned Centers already in place at Rutgers University.

About Rutgers Business School

Rutgers Business School - Newark and New Brunswick is an integral part of one of the nation's oldest, largest, and most distinguished institutions of higher learning: Rutgers, The State University of New Jersey, founded 1766. Today, Rutgers Business School is educating more than

6,500 undergraduate and graduate students at two main campuses in New Jersey as well as satellite locations in Jersey City, Madison, and Singapore. Rutgers has been recognized as providing one of the best return-on-investments in the country for undergraduate students in both Newark (Washington Monthly) and New Brunswick (The Economist). Rutgers MBA program is ranked #7 for the employment rate of its graduates three months after graduation and it was ranked the #39 Part-Time MBA program nationwide according to U.S. News & World Report. The Rutgers Executive MBA program is also highly ranked globally by the Financial Times, Bloomberg Businessweek and Wall Street Journal. Established in 1929 and accredited continuously since 1941 by AACSB International, Rutgers Business School is supported by a network of more than 40,000 alumni.

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