In recent real estate news, two Georgetown University McDonough School of Business alumnus are donating $10 million for the school to build a global real estate center. Robert Steers and his wife, Lauren, want this center to help both undergraduates and MBA students prepare for global real estate careers by offering various career planning strategies and consulting projects.

gary richetelli

Georgetown’s new Steers Center for Global Real Estate

Mr. Steers is the current CEO of the global investment manager Cohen and Steers in New York City, which focuses on real estate innovation, along with infrastructure and commodities and income solutions. Mr. Steers commented on his excitement of the new building to the Washington Business Journal, stating, “‘It was important to me to see Georgetown McDonough create a formal real estate center with the financing to be permanent and to think and plan strategically,’” (Clabaugh, Georgetown Biz School Alum’s $10M Gift Funds Center for Gloal Real Estate).

The Steers Center for Global Real Estate, which was once the school’s Real Estate Finance Initiative will implement individualized career planning with experienced professors and mentors, helping the school become one of the primary destinations for global business education.

For more information about the new Steers Center for Global Real Estate, please read the Washington Business Journal’s article here.