Mission:

The Stern Real Estate Group (SREG) strives to bring a greater understanding of the real estate industry to undergraduates. SREG achieves this goal through both professional speakers and student presentations. New York City allows SREG to invite speakers from the top ranks of the real estate world to its meetings. In the past, individuals such as William Mack of Mack-Cali, David Henry, CIO of Kimco Realty, and Kenneth Horn, President of Alchemy Properties Inc, have come to discuss their experiences. In addition, SREG takes advantage of the broad academic offerings at NYU by asking speakers from other departments and schools to speak to the group. Through student presentations, the SREG touches on the academic component of real estate as well. The goal of these presentations is to help members comprehend the fundamental skills necessary to understand real estate. The Glossary Presentation, for example, familiarizes students with important real estate terms like capitalization rate, net operating income, and due diligence. Case studies that demonstrate how to analyze potential real estate investments, locations, and markets are also presented and discussed by members of the club.

History:

The Stern Real Estate Group (SREG) was founded in the Spring of 2001 by Andrew Walker and Adam Ilkowitz to promote awareness of the real estate industry on campus. One of SREG's initial goals was to add real estate courses to the Stern curriculum in an effort to start a Real Estate concentration. Under Andrew and Adam’s reign, SREG made great strides towards a concentration in Real Estate by allowing undergraduate students the opportunity to take real estate classes. Over the next few years, SREG saw a large increase in membership and support and established better relations with real estate firms and the NY Real Estate Institute (the NYU Real Estate Graduate School). In 2004, with the appointment of Dean Sally Blount-Lyon as the Dean of Stern’s Undergraduate College, the movement towards a real estate concentration was put on hold. In 2005, the initiative was renewed and a petition signed by over 250 Stern undergraduates was presented to the Dean. Unfortunately, a concentration in Real Estate is not one of the Dean's short-term goals. Today, SREG has been able to provide Stern undergraduates with the opportunity to enroll in classes such as Real Estate Finance, Real Estate Capital Markets, Urban Development & Law, and Operations in Real Estate Development (new to undergrads).