Increasing diversity within Denver
’s real estate development community is the focus of REDI — the Real Estate Diversity Initiative.
Offered by the Urban Land Institute, Colorado District Council (ULI Colorado
) and the Denver Office of Economic Development, REDI is designed to increase awareness of opportunities in the real estate development industry among women and minority groups. The program matches 25-35 participants with ULI mentors (real estate professionals) for seven months to learn firsthand what real estate work and development entails. Mentors share real estate industry concepts, providing protégés with options for getting involved in various aspects of real estate, with a focus on development.
REDI addresses the problem of under-representation in the land use professions among women and minority groups. Just 1.8 percent of ULI members (nationally) are from minority groups and just 20 percent are women. Despite recent national gains the universe of ULI’s 26 land use professions lags far behind other professions that have become much more representative of the overall U.S. population.
The 2013 REDI class was supported by the ULI Foundation, as well as other sponsors including the Urban Land Conservancy, Wells Fargo, the Colorado Housing and Finance Authority and Greenberg Traurig, LLP. Over the past three years, 102 professionals have completed the REDI program.
Upon completion each protégé receives a certificate of completion and a one-year ULI Colorado membership, allowing them to enhance their knowledge and participation in the industry through programs and networking opportunities. In addition to the membership, the mentoring, networking and instruction involved in the program is valued at more than $15,000 per participant.
For additional information about REDI contact ULI Colorado
at 303.893.1760 or the Denver Office of Economic Development at 720.913.1602.