IREM and Cornell University Partner to Advance Real Estate Management

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(Chicago, March 13, 2013) – The Institute of Real Estate Management(IREM) and Cornell University have signed a Memorandum of Understanding (MOU) outlining a collaborative relationship to advance the real estate management profession through education and encouraging interest in the profession as an attractive career opportunity. IREM has long been committed to promoting real estate management careers and attracting a pool of new talent to the industry through academic outreach. Cornell, through its highly regarded Baker Program in Real Estate, offers a Master of Professional Studies in Real Estate (MPS/RE) graduate degree program designed to help students understand real estate from a variety of perspectives and provide leadership across the real estate industry spectrum.

Under the terms of the MOU, IREM will:

  • Heighten awareness of Cornell as a provider of real estate education on its website and through other of its communications channels.
  • Recognize the Cornell MPS/RE program as one that fulfills many of the educational requirements to earn IREM’s prestigious CPM designation.
  • Provide Cornell with resource material to further develop its real estate curriculum and promote career opportunities in real estate management.
  • Connect Cornell to IREM chapters in the region for collaborative purposes.

For its part, Cornell will, among other initiatives:

  • Recognize IREM as a principal provider of real estate management education and credentials
  • Make information about IREM’s CPM designation and its Student Membership program available on the Cornell website. Currently, all students in the Baker program are IREM student members.
  • Utilize IREM textbooks and resource material, as appropriate, to develop and deliver its real estate management curriculum.

OTHER IREM COLLABORATIONS
In addition to Cornell, IREM currently has collaborative agreements and relationships with these academic institutions that have real estate degree programs: Georgetown University, Washington, D.C.; St. Augustine’s University, Raleigh, NC; Virginia Tech, Blacksburg, VA; Ball State University, Muncie, IN; University of Central Florida, Orlando, FL; and California State University-Fullerton, Fullerton, CA

MORE ABOUT CORNELL’S BAKER PROGRAM
Formerly the Cornell University Program in Real Estate, the program was renamed the Baker Program in 2012 to acknowledge an $11 million gift from alumni Lisa and Richard Baker, owners of the Hudson Bay Company, that more than tripled its previous endowment. The program is governed by the two schools most directly aligned with teaching, research and professional careers in the real estate field – The College of Architecture, Art and Planning (AAP) and the School of Hotel Administration (HAS). For additional information visit http://realestate.cornell.edu/.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of REALTORS, IREM is the home for all industry professionals connected to real estate management – and the only organization serving both the multi-family and commercial sectors.

We believe that good management matters, and that well-managed properties pay dividends in terms of value and in the quality of life for residents, tenants and customers. We believe in professional ethics. We believe in the power of knowledge and the importance of sharing it.

IREM offers a variety of membership types for professionals of every experience level, from on-site managers to high-level executives. Our credentials, earned by meeting high standards of education, experience, and ethical business practices, include: Certified Property Manager (CPM), Accredited Residential Manager (ARM), Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).

Since 1933, IREM has set the standard for best practices in real estate management. Today, IREM membership includes nearly 18,000 individuals and 560 corporate members. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.