“So, the network is just immensely important in real estate. “Real estate is so much about access to information, and execution on that information to source a deal, get a deal (or) close a deal,” Theine said. Students are also gaining important networking opportunities, said Mark Theine, executive vice president of asset management at Milwaukee-based Physicians Realty Trust. The credit union is exploring redevelopment opportunities for the building. Self-Help Federal Credit Union acquired the building during its merger with Seaway Bank & Trust, but vacated it after building a new branch at 5630 W. They will all draft a plan for repurposing the historic Legacy Bank building at 2102 W. Included in the curriculum is a capstone project, meant to give students an idea of what it’s like to redevelop a building. The ultimate objective at the national level is to expose 1,500 students to careers in commercial real estate by 2023. That’s the opportunity we’re trying to create for high schoolers, is to have that epiphany earlier.” It really changed the way I looked at my career. “I came to Marquette, and had no intention of majoring in real estate, but discovered the real estate program here. “Drawing from my own experience, my dad was in real estate, I was well aware this was a career you could do,” Riopel said. This year it is being run virtually, but it could be an in-person program next year. Riopel said the goal is to make the program an annual occurrence. An estimated 150 students are participating nationwide, said Mike Riopel, assistant general counsel of real estate investments at Milwaukee-based Northwestern Mutual. To name just a few, the volunteer roster includes Heather Turner Loth of Eppstein Uhen Architects, James Phelps of JCP Construction, Jason Korb of Korb + Associates, Milwaukee commissioner of development Lafayette Crump, Mike Mooney of MLG Capital, Phil Aiello of Mandel Group and Ivan Gamboa of Tri City National Bank.Ībout 20 high school juniors and seniors are participating in the program. But the program has recruited volunteers from more than 30 local industry professionals. In certain lessons, students will hear from national universities such as Howard and Harvard. It’s modeled after a national program but has a local flavor. “This is an opportunity to open up the commercial real estate industry, the many benefits to the profession, the wealth building and the community building to (young adults)” who the industry hasn’t directly targeted, Villa said. The REEX program is one way industry leaders are trying to correct that. Villa conceded that the industry has struggled to diversify its workforce.
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