Georgetown’s McDonough School of Business recently announced it has received a gift of $10 million from alumnus Robert Steers and his wife Lauren Steers to launch a new center focused on global real estate. Steers is the CEO of Cohen & Steers Inc., a pioneering global investment manager and the first investment company to specialize in listed real estate.
This gift will create the Steers Center for Global Real Estate to help students prepare for real estate careers through practical experience with an increasingly international focus. The center will offer one-on-one career planning for students, hands-on learning through a real estate clinic, and a growing focus on global opportunities through consulting projects and career treks.
Georgetown McDonough says it has developed a real estate curriculum that allows MBA students and undergraduates to work on real estate projects and to underwrite live real estate transactions. New courses in real estate equity, real estate debt, negotiations, investment analysis, a real estate clinic, and more will help the school reach its goal of becoming the premier destination for global business education.
“It was important to me to see Georgetown McDonough create a formal real estate center with the financing to be permanent and to think and plan strategically,” says Steers, a 1975 McDonough School of Business graduate. “To be a preeminent school and center, we need to constantly strive to innovate and come up with additional strategies that prospective students and employers look at and say ‘wow, that’s really something special.’”