The Institute, through the generous support of many industry leaders, has a number of scholarships available for students enrolled in the undergraduate major or graduate degree programs. A summary of the scholarships is below with more information available through their respective links.
Graduate and Undergraduate Scholarships
The Duke Realty Fund For Education And Advancement of Minorities And Women in Real Estate - The DREAM Fund
Established in 2016, by James Connor, CEO, Duke Realty, the goal of The DREAM Fund Scholarship is to support diversity as well as overall excellence in the real estate industry. It seeks financially assist and support undergraduate and graduate students, particularly those interested in industrial real estate. The scholarship also provides mentoring, access to job opportunities at Duke Realty, and an annual luncheon. This fund provides a scholarship grant of $3,750 per semester for up to 4 semesters (a total of $15,000) as long as the student fulfills the requirements of the scholarship. View the fact sheet.
James P. Grusecki and Northern Builders, Inc. Scholarship for Future Leaders in Industrial Real Estate Fund
Established in 2011 by James Grusecki, Chairman, Northern Builders, the goal of this fund is to financially assist and support undergraduate real estate majors as they prepare to launch their real estate industry careers and graduate students who are early and mid-career persons in leadership track positions in the Chicago real estate sector, especially if there is a strong interest in industrial real estate. This fund provides a scholarship grant of $3,750 per semester for up to 4 semesters (a total of $15,000) as long as the student fulfills the requirements of the scholarship. Students receiving this scholarship will be expected to actively participate in the Society of Industrial Realtors (SIOR) during their studies. View the fact sheet.
The Teresa and Hipolito Roldan Scholarship for Tomorrow’s Hispanic Leaders in Real Estate
Established in 2007 by Hipolito Roldan, President, Hispanic Housing Development Corporation (HHDC), which oversees a wide range of community development activities.designed to stabilize and enhance Latino communities by developing, managing and investing in ventures that increase the availability of affordable housing, promote economic opportunity and enhance the quality of life. The goal of this scholarship is to give opportunities to Hispanic students to obtain a graduate degree that combines academic and "hands on" experience in community development and real estate. This Fund provides an annual scholarship grant of $2,500 per semester for up to 4 semesters (a total of $10,000) as long as the student fulfills the requirements of the scholarship. View the fact sheet.
Graduate Only Scholarships
Winston E. Kennedy Endowed Real Estate Scholarship
The Winston Kennedy Scholarship was established in memory of Winston Kennedy, a former president of the Chicago Association of Realtors. The fund seeks to financially assist a student who is also qualified to work with the Institute as a graduate assistant to one of the faculty of the real estate program over the course of a single, academic year. This grant of $7,500 is not renewable without application.
John Newman Real Estate Scholarship
Established in 2007 by John Newman, a former president of the Specialty Banking Division of LaSalle Bank, the goal of this scholarship fund is to financially assist a student who is approved to work with the institute as a graduate assistant to one of the faculty of the real estate program over the course of a single academic year. This grant of $7,500 is not renewable without application.
Undergraduate Only Scholarships
McCaffery Interests Fund for Real Estate Entrepreneurship Scholarship
Established in 2010 by Daniel McCaffery, Chairman, McCaffery Interests, and Edmund Woodard, President, McCaffery Interests, the goal of this scholarship is to financially assist and support the next generation of real estate leaders. Preference for this scholarship will be directed towards students from underserved and underrepresented communities. The fund provides an annual scholarship of $7,500 for a maximum of $15,000 during the student’s junior and senior years, as long as the student fulfills the requirements of the scholarship. View the fact sheet.
Louis and Ruth Kahnweiler Scholarship for Future Leaders
Established in 2019, in honor of Louis Kahnweiler, co-founder of Bennett & Kahnweiler (now Colliers), and his wife Ruth Kahnweiler, the goal of this fund is to financially support and assist the next generation of real estate leaders. This scholarship, which requires documentation of financial need, provides an annual scholarship of up to $20,000 (total $40,000) for a student’s junior and senior years, as long as the student fulfills the requirements of the scholarship. View the fact sheet.
Real Estate Club
Rho Epsilon is the national honorary society for students enrolled in real estate courses or programs or who just have an interest in real estate.
Career Support Courses
To provide supplemental support of student success in the classroom and in the workplace, the Institute supports professional development courses that are provided, at no cost. The class sessions are held on campus in either the Urban Retail Properties Research Center (WB1210) or one of the computer labs at the university.
The classes are summarized below:
This course provides an opportunity to review the basic rules of business writing and to develop clarity of style, while being introduced to the language of real estate through its terms and documents. Students read real estate articles and documents and draft clear and concise summaries showing comprehension of subject matter and terminology.
In addition to the Financial Modeling course that is part of the core curriculum, this course supplements modeling experience by advancing the excel-based modeling knowledge to become more comfortable with the use of ARGUS as part of the analysis process.
The numerous databases and industry information software are explored in this course, supporting student awareness and capabilities to use platforms like CoStar, RSMeans, SiteTodoBusiness, and others.
This course helps polish the tools needed to successfully decide upon and pursue career choices. Students utilize various assessment, presentation and reflection techniques to define and clarify educational goals and career planning.
Mentorship is a key contributor to professional success. Each student enrolled in the real estate degree programs are provided access to Mentorship Rocket, an online mentoring platform. Through this platform, students can engage with numerous industry professionals to receive professional insights, career guidance and life advice.
With more than 340 graduates of the academic programs, the Institute is building a network of alumni to continue to support their connections to each other and the program, along with supporting their continued career success.
The Institute’s Advisory Board, comprised of 50 real estate industry leaders representing many of the unique specialties and disciplines in the real estate industry, is a great resource to students and alumni as they prepare for their careers in real estate. The Board members also support fundraising, industry outreach, mentoring and internship assistance and curriculum reviews.
Trade Association membership
All students in the undergraduate and graduate real estate degree programs are provided free memberships in one of the industry’s trade associations, including IREM, NAIOP, ICSC, ULI and others.
The Institute provides complimentary registrations to all students in the real estate programs to attend the Fogelson Forum(s) and Annual Gala. Additionally, when possible the Institute arranges for, and often funds, discounted registrations at numerous industry events in the city. Through the support of established funding students may have the opportunity to attend major industry events outside of Chicago.
Partnerships with Industry Designations
The real estate degree programs are University Partners with two major industry credentialing organizations: The Appraisal Institute and CCIM.
Universities participating in the MDP grant master’s degrees in real estate (with a concentration in real property valuation), or on a curriculum that includes courses with a valuation focus. The MDP enables graduate students to fulfill many of the educational requirements for the Appraisal Institute’s MAI Designated membership.
Graduates within the last five years of real estate master's programs from approved colleges and universities will get credit for most of the core designation courses and are eligible to pursue the CCIM designation through its University Fast track process.
Urban Retail Properties Development and Research Center
Located in the Marshall Bennett Institute office suite, the research center embodies the latest in real estate industry books, periodicals and training resources. The Center, which was created with mostly recyclable building products houses study desks, a media center, computer workstations, the Real Estate Institute (REI) Library and an incredible view of Buckingham Fountain and Lake Michigan.
Hours of Operation:
Monday - Thursday 9:00am - 6:00pm
Friday 9:00am - 3:00pm
Location: 425 S. Wabash, WB1210C