Bergstrom Center for Real Estate Studies
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BERGSTROM CENTER FOR REAL ESTATE STUDIES 2014–2015 Annual Report Warrington College of Business | University of Florida publications and research grants, and FROM THE we now are engaged in preparing the 5th EXECUTIVE edition of our widely accepted textbook. And not to be DIRECTOR overlooked, we had the pleasure of seeing Kelley A. Bergstrom This has been another good year for the Bergstrom recognized with the Lifetime Center. Some 80 percent of our graduating MSREs Volunteer Award of the UF left campus with a job in hand, many going to major Foundation Academy of Golden Gators. national firms. Meanwhile our Advisory Board has continued to step up with strong support: Over 20 The most unique event for the Center is the creation members contributed to our courses through case of a new home. Completion of Heavener Hall studies, review panels, and class presentations. Four (undergraduate business) for the College is allowing Board members hired, or placed, one or more of the Bergstrom Center to move. By fall it will reside in our graduates. And the continued financial support a totally restored space of historic Bryan Hall, more of our Board has further strengthened the Center’s than twice the size of our current suite. It will include financial footing. a fabulous conference room for our many academic and industry gatherings, an elegant Hall of Fame The list of important events for the year is extensive. gallery, and generous support facilities. Again, Kelley Professor David Ling and Director Tim Becker launched A. Bergstrom and other Advisory Board members are the year leading our MSREs on our third international coming forward with most of the half-million dollars trip to Santiago, Chile. We experienced another fine needed for this project, but there is still room for Advisory Board Retreat as well as our most successful additional financial help! Trends and Strategies Conference yet. Participation in the Conference reached an all-time high with close When I consider the continued progress of the to 450 attendees, with the quality continuing to build Bergstrom Center, the promise of future events, and the reputation of the Conference. (We salute Paul the continued enthusiasm and engagement of our Ellis and the other Board members who brought the Board members, I think of the old folk/gospel song, Get program together!) Tim Becker arranged for our MSRE on Board: “I hear those car wheels rumblin’ and rollin’ program to be reviewed by the Appraisal Foundation for through the land.” Together, we are on board and rollin’ recognition of our MSRE curriculum toward appraisal into the years ahead. certification. We also completed an important strategic planning process that engaged many of our Board members. Our faculty have remained active in scholarly activities, with both Professor Ling and me engaging in Wayne Archer, Ph.D. William D. Hussey Professor national and international symposiums. Professor Ling Executive Director has achieved another extraordinary year of scholarly Bergstrom Center for Real Estate Studies Warrington College of Business | University of Florida 3 FROM THE ADVISORY ABOUT THE CENTER BOARD’S CHAIRMAN → Fosters education and the exchange of information between academics, students, researchers and THE BERGSTROM industry professionals. It has been an honor to serve as Chairman of the combined with the outstanding academic stature CENTER FOR REAL → Provides an opportunity for students to connect Bergstrom Center for Real Estate Studies Advisory of our faculty and the relentless dedication of our with industry leaders, producing a legacy of outstanding talent and powerful connections. Board. It is gratifying to see so many others getting in- staff, is why the Nathan S. Collier Master of Science ESTATE STUDIES: → Has world-renowned faculty, industry-leading volved and getting excited about the Center’s mission: in Real Estate degree is so highly ranked, and why it research and a rigorous curriculum, making the UF creating the future leaders of the real estate industry. consistently graduates some of the best students in real estate programs and courses some of the best Through our support of real estate education at the the world. in the country. University of Florida, Board members stay connected to research, industry leaders, and get early expo- As our fiscal year ends, it is my pleasure to “pass the sure to top talent as students matriculate. Our Board torch” to the very capable, highly respected, Angela membership roster is a genuine Who’s Who in the real Brown, our first ever female Chair. Please consider estate industry; every member deserves to be proud. how you can help improve the Bergstrom Center this BERGSTROM CENTER FACULTY AND STAFF: The fact that so many Board members are profession- year, either financially or through an investment of al competitors, yet regularly work together to make your time. My experiences with the Center and the the academic program, the Center, and the Bergstrom program over the last ten years have been extraordi- Councils better is a source of constant amazement. narily rewarding; yours will be as well. Our Board members constantly challenge the aca- demic program to remain current, relevant, fresh, and Go Gators! focused on real-world solutions and experiences. This, → Dr. Wayne Archer, → Dr. David Ling, Ken → Dr. Kent Malone, → Pam DeMichele, William D. Hussey and Linda McGurn Lecturer of Real Director Admissions Professor, Executive Professor, Director, Estate Studies & Student Services, Director, Bergstrom Nathan S. Collier Nathan S. Collier Center MSRE Program MSRE Program Todd Jones Principal, RealAdvice → Tim Becker, CCIM, → Nikki Wagner, → Denise Stoll, Office → Ismael Lopez, Bergstrom Center Advisory Board Chair Director, Bergstrom Assistant Director, Manager, Bergstrom Graphic Designer Center Bergstrom Center Center 4 Bergstrom Center for Real Estate Studies | realestate.ufl.edu Warrington College of Business | University of Florida 5 NATHAN S. COLLIER MSRE PROGRAM REQUIRED COURSES (26 CREDIT HOURS + 8 ELECTIVE CREDITS) TITLE COURSE CREDIT TITLE COURSE CREDIT International RE Study Tour GEB 6930 2 Investment Property Analysis REE 6395 2 Introduction to Real Estate REE 6045 2 Real Estate Research and Technology REE 6930 1 REAL ESTATE EDUCATION AT Professional Writing GEB 5212 1 Real Estate Appraisal REE 6105 2 Professional Communication GEB 5215 1 Capstone Seminar & Applied Project REE 6948 2 THE UNIVERSITY OF FLORIDA Fundamentals of Real REE 6007 2 Introduction to Managerial Statistics QMB 5304 2 Estate Development Law of Real Estate Transactions BUL 6516 2 Plus at least 1 of the following: WITHIN THE WARRINGTON COLLEGE OF BUSINESS Real Estate Market & Secondary Mortgage REE 6315 2 REE 6208 2 Transaction Analysis Markets & Securitization The Hough Graduate School of Business offers several apply some MSRE graduate credits toward their Real Estate Case Studies (1 cr. during REE 6935 3 Real Estate Development REE 6737 2 graduate real estate education options: undergraduate degree, then complete the rest of Summer B, Fall & Spring terms) their 34 MSRE program credits after earning their → Nathan S. Collier Master of Science in Real undergraduate degree. Estate (MSRE): The “traditional” MSRE program → MBA with a real estate concentration: Students is a 10-month, 34-credit, in-residence program take eight credits of real estate coursework as that is focused on Commercial Real Estate, led by MSRE BY THE NUMBERS — 2015 electives to earn the concentration, while earning two of the most recognized names in real estate their MBA. education and research: Professors Wayne Archer and David Ling. → Minor in Real Estate: The College offers an 27 4 4 6 611 → Joint degree MSRE/JD: This unique program allows undergraduate real estate minor giving students’ students to complete both the Juris Doctor and exposure to diverse topics in real estate, mandating MSRE degrees in three years, by double counting four required courses and six to seven elective MSRE Graduates MSRE/JD Combined Bachelor’s/ International MSRE Average GMAT Graduates MSRE Graduates Graduates: some credits from each degree toward the other credits, for a total of 22-23 credits in the minor. (China 5, Israel 1) degree’s elective credits. Direct academic questions to: Pam DeMichele, → Combined Bachelor’s/MSRE program: Combined Average reported MSRE starting salary: Director of Admissions and Student Services, degree students are highly-qualified and 3.45 Nathan S. Collier MSRE program: 2 $74,132 motivated, have earned significant college credits in high school and want the added (352) 273-0310 Average upper division Average reported MSRE/JD starting salary: challenge of taking MSRE coursework while undergrad GPA Average years of work [email protected] experience $100,625 still finishing their undergraduate degree. They 6 Bergstrom Center for Real Estate Studies | realestate.ufl.edu Warrington College of Business | University of Florida 7 GRADUATING SCHOLARSHIPS CLASS OF 2015 Thomas DiCesare Seun Falade BERGSTROM CENTER FOR FLORIDA REAL ESTATE REAL ESTATE STUDIES COMMISSION SCHOLARSHIP MSRE SCHOLARSHIP PROGRAM These funds are provided by Bergstrom Center This scholarship program provides up to $2,500 Advisory Board members, friends and alumni per semester for qualified graduate students. The who contribute to this scholarship and graduate applicant should express a desire for a career in Matthew Gourlay Michael Grandoff Marc Hall Connor Heinton Cody Keller assistantship fund. the real estate industry and need for educational 2014-2015 Recipients: financial assistance while demonstrating an active community service record, pursuing a concentra- → Candis Pressley → Peter Wilkins tion in real estate at Florida, and meeting Florida residency requirements. Recipients: NATHAN S. COLLIER SCHOLARSHIP → JJ Sofarelli → Noa Marks Beijia Li Ye “Ashlynn” Liu Seth Mahl Noa Marks Ryan McConnell This annual scholarship is funded by Nathan S. Col- → Cory Yeffet → Peter Wilkins lier, CEO of The Collier Companies, Bergstrom Center → Seun Falade Chairman’s Circle member, and provides two rent-free 3 bedroom/3 bath luxury scholarship apartments in The Polos for six MSRE students.