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National Real Estate Training Initiative Plans Its Return to NYC

6/11/2015

 
As chairman of the board of directors of Project REAP, I am pleased that the program has announced plans to return to NYC. REAP is the acronym for the Real Estate Associate Program, a national diversity and talent management initiative. It was launched for the sole purpose of facilitating the entry and advancement of talented African-Americans, Hispanics, Asian-American and other minority professionals in the commercial real estate industry. The program provides a 10-week training curriculum taught by industry professionals who cover the fundamentals of commercial real estate inclusive of leasing, finance, property management and development in the retail, office and multifamily sectors. The initiative is supported by several real estate industry associations such as the Urban Land Institute, International Council of Shopping Centers, National Multi-Housing Council, NAIOP and BOMA. The program currently operates in seven cities nationwide and was launched in New York in 2006.

During its seventeen-year history, REAP has provided training to minority professionals of diverse backgrounds encompassing fields such as the law, economic development, accounting, architecture, telecommunications, and various fields within the practice of real estate such as appraisal and residential sales. Some of its graduates have gone on to pursue promising real estate careers at organizations such as Walmart, Citigroup, Tiffany & Co., Cushman & Wakefield, CBRE, NBC/Universal, IKEA as well as some of the leading real estate development organizations in America. The program does not require a prior background in real estate and talented professionals from both the private and non-profit sectors may apply for admission. REAP plans its return to NYC in Spring 2016 and is currently soliciting support from the commercial real estate community to re-launch the NYC program. For more information on applying for admission, monitor the REAP website for announcements of the commencement of the application process. -- Lamont Blackstone


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