New Partnership with International Real Estate Industry Group Gives School’s Real Estate Students another Edge
February 10, 2011
MBA students Rick Pena and Steve Sperandio and CCIM
The School of Business Administration has announced that the University has become a member of the prestigious Certified Commercial Investment Member (CCIM) University Fast Track Program, offered to select colleges and universities with Master’s programs in real estate. The new membership allows University of Miami MBA and Masters in Real Estate Development and Urbanism (MRED+U) graduates a chance to complete CCIM membership requirements in an accelerated and cost-effective way.
“The Fast Track program gives graduate real estate program alumni a leg up against the competition because they walk off campus having completed more than half of the two-year course requirements needed to take the certification exam,” said Matt Rotolante (BBA’97, MBA‘01), president-elect for the CCIM Miami chapter. “Completing this amount of work on campus also saves students thousands of dollars as travel is required to find CCIM week-long courses.”
The new relationship is a testimony to the distinction of the University’s real estate programs, which join other prestigious CCIM Institute member institutions such as the Kellogg School of Management, MIT, and Johns Hopkins University.
“Our MBA and Masters in Real Estate Development and Urbanism programs have been heralded as the most comprehensive of their kind in South Florida, with the MRED+U offering a rare combination of studies in architecture and engineering, business administration and law,” said Andrea Heuson, professor of finance at the School of Business. “The new alliance with CCIM will give our students an edge in today’s competitive job market by offering a quicker route to a CCIM designation and access to a robust network of industry professionals and tools.”
As part of the CCIM relationship, University graduates have free access to new commercial real estate tools such as Site to Do Business (STDB), which typically costs $1,000 per month. Additional benefits to students include classroom presentations by members of the CCIM community who will share lessons from their real-world real estate analysis experience; access to real estate positions exclusively held for CCIM members; and admittance to CCIM conferences and networking events like the “2011 CCIM Real Estate Outlook Conference,” attended by UM students on January 19, 2011. Students also experience real estate education over a semester period versus the typical week-long CCIM course period.
The School of Business offers several programs in real estate for students interested in pursuing leadership roles within the industry. In addition to the MRED+U, the School offers a Bachelor of Architecture/MBA (BArch/MBA) program in partnership with the School of Architecture, an MBA concentration in real estate, and an undergraduate real estate major.
The School also has a Real Estate Programs Advisory Board which is chaired by Steve Witkoff, chairman and CEO of The Witkoff Group LLC, a New York City-based real estate investment firm. The board, made up of industry leaders throughout South Florida and the U.S., advises the School on the development of its real estate curriculum and is helping the School establish and promote a new Center for Real Estate Studies and Research. Read more.