Launched last fall, the Real Estate Concentration of the Master of Business Administration is the first real estate program within an accredited program among101 historically black colleges and universities in the United States
Continental Realty Corporation (CRC), a full-service commercial real estate and investment company headquartered in Baltimore, has pledged multi-year support to a new real estate program within the Master of Business Administration (MBA) program at North Carolina Central University’s (NCCU) School of Business. The real estate concentration curriculum, designed to prepare students for executive positions in commercial, residential and corporate real estate, is the first program of its kind initiated among the 101 historically black colleges and universities (HBCUs) in the United States.
The real estate concentration was created to offer advanced coursework covering the fundamentals of real estate, real estate investment and finance, real estate development and special issues in the real estate sector, focusing on trending topics such as building sustainability tactics, interior design and space utilization, technology, construction management techniques and asset management. Graduates will be prepared to function in a variety of commercial real estate development, asset management, brokerage, financial analysis and management-related roles.
North Carolina Central University’s goal is to graduate more than 20 MBAs with real estate concentrations each year.
“African Americans are significantly underrepresented in commercial real estate investment and management roles. With this program, NCCU intends to help bring about meaningful change and serve as the model for other HBCUs around the country to follow,” explained Anthony C. Nelson, Ph.D., Dean of the School of Business at North Carolina Central University. “Quality education, coupled with real-world interaction with real estate investors and managers, provides the path for advancement and opportunity. We intend to establish a foundation that will provide life-changing principles for generations of students. We are grateful that Continental Realty Corporation recognized the great importance of this curriculum and supported us and the community with their generous pledge.”
CRC owns and manages several multifamily communities in Raleigh, including The Edison Loft Apartments, St. Mary’s Square Apartments and The Village Apartments.
“Continental Realty Corporation is very proud of our participation with NCCU’s real estate program. This is a small but meaningful step toward providing opportunities to a sorely underrepresented demographic in the commercial real estate industry,” stated David Donato, CRC’s Chief Operating Officer, who has been chosen to serve on the Advisory Board to the real estate program at NCCU. “It is essential to develop the next wave of talent, and to make sure that talent comes from a much more diverse pool than it has previously. NCCU is the perfect institution to lead this change, and we intend to lend our full support.”
Headquartered in Baltimore and founded in 1960, Continental Realty Corporation is a full-service commercial real estate and investment company focused on acquiring and operating retail and multifamily properties. The privately-held firm owns and manages a diversified portfolio of retail centers consisting of more than five million square feet of commercial space and over 9,000 apartment homes across ten states, with a portfolio value exceeding $3 billion. For additional information, visit www.crcrealty.com