Recognizing the hard work and dedication of women in real estate has definitely empowered me to step into a leadership role in this sector, even though there’s a high barrier to entry (but see presently). It’s also a great opportunity to learn from their work ethic and make note of attributes that helped them be successful in their careers.
Category: Uncategorized
Hiring Affiliate Instructors for 2023-2024
The Runstad Department of Real Estate is seeking applicants for Affiliate Instructors to teach undergraduate and graduate level courses during the 2023-2024 academic years.
2023 NAIOP Challenge
This week a team of graduate and undergraduate real estate students presented their proposal to a panel of judges at the annual NAIOP Real Estate Challenge, a development case competition in which teams from the University of Washington, University of British Columbia, and Portland State University real estate programs compete. Students create an investment proposal for a well-located development site. This year the site was in our own back yard, the Sound Transit owned site in the University District, where a tiny home village is currently located. The UW proposal was heavily focused on affordable housing financing including low-income housing tax credits. This was a big challenge and a great learning opportunity for the students. Several industry experts were brought in to help the students with tax credit financing, land use code for high rise development in Seattle and other design challenges for this visible and important site.
The UW had a strong team for the competition. Although they did not take home the Bob Filley cup this year, the real world experience creating a development project from the ground up is invaluable.
A sincere thank you to Al Levine and Hal Ferris, our faculty and industry sponsors for all the time you devoted to helping the students.
2023 NAIOP Challenge UW Team
Ye Won Carey Jang, MUP ‘2023
Vivien Chim, MSRE ‘2023
Sam Jarvis, B.S. Real Estate ‘2023
Aarie Liebreich, MSRE ‘2023
Morse Lin, MSRE ‘2023
Jennifer Liu, B.S. Real Estate ‘2023
Tianyi Liu, MUP 2023
Jacob Melaragno, MUP 2023
Maren Grunnet, MUP 2023
Sam Shadkhast, MSRE ‘2024
Amy Towillis, MSRE ‘2023
Shuhan Yi, Class of 2024
This month, cultures worldwide recognize and celebrate women’s accomplishments. In what ways, if any, has recognizing these celebrated accomplishments of women in Real Estate impacted you as a woman entering that same career field?
As a woman entering the same career path as those who are recognized and praised by the media and organizations, I feel like I gain more confidence in building up my career journey. Highlighting women accomplishment posts inspire me to gain hands-on experience from different types of occupations in the real estate industry and do my best in every aspect. They are my role models and they teach me nothing is impossible and women can do great things just like men.
What prompted you to declare Real Estate as a major, and what have been some of your highlights as a student of the major?
I declared real estate as my major because I have been interested in property management, asset management, and portfolio management since when I was a little girl. I would love to build up a solid knowledge base of real estate and seek professional advice from professors, student ambassadors, and advisers regarding future career opportunities. I actively participate in group assignments and establish a bunch of good friendships with peers in class, which is something I am passionate about. In the future, I hope I can establish a bigger career network and ensure which occupation I would like to pursue.
Commercial Real Estate has traditionally been a male-dominated industry. How are women in today’s society working to change that narrative?
The best way to change the narrative that real estate is male-dominated industry is showing everyone that women are capable of doing great in real estate. Big achievements made by women in real estate are concrete evidence that gender cannot and should not permanently determine one’s occupational potential.
In the area of real estate, why is mentorship important to women?
Mentorship is important to women in real estate because a good mentor will guide you, support you, advise you, and help you to set up career goals and future career paths. A mentorship impacts career trajectory since we will have a better understanding of the real estate industry and corresponding career choices and future growth and the very start to slowly form our own network and personal achievements.
How can we empower young women interested in real estate careers?
To empower young women interested in real estate careers, we should set up informational seminars about the real estate industry every quarter and also encourage young women to find their potential by trying a variety of job positions in the real estate industry. Gender-assigned roles and occupations ingrained in most minds and we should educate young women that nobody can belittle their potential and dream career just because we are women and they should chase their dreams regarding negative prejudiced criticisms.
Runstad Department of Real Estate Winter Career Fair
The Runstad Department of Real Estate held its bi-annual career fair on February 10th. This event is a great opportunity for students to “lean in” and practice their networking skills. The fair brought 30 firms from all aspects of the industry, including: office, mixed use, retail, industrial, multifamily, single use, and finance. Over one hundred graduate and undergraduate students attended, seeking internship and job opportunities.
We are fortunate to have such amazing support from the real estate community. Many thanks to all the firms that participated. Our next career fair will be on May 12th. If you are a firm interested in participating, please reach out to Melissa Best, bestm2@uw.edu
“The career fair was a great experience for me. All the companies that attended were very welcoming and eager to speak with you about their company and the opportunities they had. It was an awesome way to learn about a ton of different industries in Real Estate in a short amount of time. I was able to gain a ton of new contacts and work on my networking skills in a low stake environment. Overall, the event was very helpful, and I highly recommend everyone attend the next event because of all the valuable job leads and insights I was able to gain.”
Will Douglas, Senior
“I was grateful for the resources provided by the Runstad Real Estate Department that enabled me to prepare for my first career fair. Speaking with the different companies gave me a better understanding of where I want to be in my career.”
Ciara Joy Laney, Junior
“Attending the RE career fair was a highlight of my student experience. The event was bustling with companies and recruiters, all eager to meet and engage with students. I was able to meet with a variety of companies and learn about the different career paths available to me. It was a great opportunity to network with professionals and gain valuable insights into the job market in real estate. Overall, the career fair was an excellent resource for preparing me for my future career.”
Vivek Sharma, MSRE Class of 2024
Rising rents are drowning Washington’s smaller cities
Seattle may have the highest rents statewide, but communities such as Walla Walla and Spokane have seen the most drastic losses in affordability. | Crosscut
Friday in Space – Gregg Colburn Chat with longtime friend, astronaut Josh Cassada
Join us live on February 10 as Gregg Colburn, assistant professor of real estate and longtime friend of NASA astronaut Josh Cassada, will moderate a discussion with astronaut Cassada, currently stationed on the ISS.
America’s Homelessness Crisis is Getting Worse
Assistant professor of real estate Gregg Colburn discusses the relationship between housing market conditions and rates of homelessness across the country. | NYT
Cause of homelessness? It’s not drugs or mental illness, researchers say
As more cities search for explanations and solutions to homelessness, leaders look to data. Gregg Colburn, assistant professor of real estate, is quoted. | Los Angeles Times
Simon Stevenson awarded 2018 Nick Tyrrell Research Prize
Simon Stevenson, the Chair of the Runstad Department of Real Estate and the John and Rosalind Jacobi Family Professor of Real Estate, has been awarded the 2018 Nick Tyrrell Research Prize for innovative applied research in real estate investment. The award is for the paper “Optimal Composition of Hybrid/Blended Real Estate Portfolios”, which was co-authored with former colleagues Frank Ametefe and Steven Devaney of the Henley Business School, University of Reading.
The prize is awarded annually by three of Europe’s leading real estate industry associations; the European Association for Investors in Non-listed Real Estate Vehicles (INREV), the Investment Property Forum (IPF) and the Society of Property Researchers (SPR). The prize is in memory of Nick Tyrrell, the former Head of Research & Strategy and a Managing Director in J.P. Morgan Asset Management’s European Real Estate Division, who passed away in August 2010. His research work was characterized by a combination of academic rigor and practical relevance.
The research considers the optimal mix of liquid, publicly traded assets that may be added to a real estate portfolio to provide enhanced liquidity while at the same time minimizing the impact on portfolio return. The performance and liquidity of real estate funds has become an issue of concern among investors, especially as the ability of investors to exit funds has often been compromised in periods following market shocks. Increasingly, institutional investors, such as UK defined contribution pension funds, are requiring increased liquidity from real estate funds, which they use to gain exposure to real estate as an asset class.
The research indicates that applying formal portfolio optimization techniques leads not only to benefits with respect to liquidity but also to an improvement in the ability of blended real estate products to track the underlying benchmark index. The authors will be presenting their findings at a special industry seminar in London in the spring of 2019, date to be confirmed. A similar event will be held in Seattle. A copy of the Prize-winning paper is available here: