Applicants Sought for Program to Increase Diversity in Real Estate Development
Denver Mayor Michael B. Hancock has announced that recruitment efforts are officially underway for the Real Estate Diversity Initiative (REDI) 2012 class of participants. The announcement was made during a REDI kickoff reception last night with attendees from Denver’s business community.
Now in its third year, REDI is a partnership of the Urban Land Institute, Colorado District Council (ULI Colorado) and the Denver Office of Economic Development to help increase awareness of opportunities in the real estate industry among women and minority groups. Over the past two years, 72 professionals have completed the REDI program.
“Denver is a leading city for real estate investment, and through REDI, we’re working to increase diversity throughout the entire profession,” said Mayor Hancock. “This program is a unique public-private partnership to help empower minority and women real estate professionals, develop a stronger real estate industry in the Denver metro area and deliver a world-class City where everyone matters.”
Supported by a $22,500 grant from the ULI Foundation, as well as other sponsors including Wells Fargo and Greenberg Traurig, LLP, the 2012 initiative will involve up to 36 participants who will be partnered with ULI mentors – local real estate professionals – for six months to learn firsthand about real estate development principles, concepts and implementation strategies. Participants will meet bi-monthly to develop concepts for three different land sites. Mentors will lead the groups through a development exercise to determine best land uses and to master plan the sites. The program will conclude with group presentations to the ULI Colorado membership.
The program is slated to begin in April and exposes protégés to options for getting involved in various aspects of real estate, with a focus on development. In its initial program, REDI set the stage for the development of many additional programs at district councils across the nation as part of ULI’s National Diversity and Inclusion Program.
Mentors for the 2012 program include Ismael Guerrero, executive director of the Denver Housing Authority; Chris Coble of Civil Technologies, Inc. who has been part of the program since its beginning; Lynn Crist of Morrison Development; Grant Bennett from the Denver Urban Renewal Authority and part of ULI Colorado’s Young Leaders Group; and Richard Taft, executive director of Rocky Mountain Communities.
The program is seeking applications from minorities and women interested in learning more about real estate and development. The application process involves completing a detailed questionnaire about the potential participant’s background, knowledge and experience in the industry and goals for involvement in the program. There is no cost to apply. Participants selected will be required to pay $200 prior to the start of the session. Participants selected must commit to 100 percent participation which includes up to two meetings each month. Upon completion each protégé receives a certificate of completion, and a one-year membership in ULI Colorado where they may enhance their knowledge and participation in the industry through programs and networking opportunities. In addition to the membership, the mentoring, networking and expertise involved in the program is valued at more than $15,000 for each participant.
Participants in the 2012 program have an added incentive for getting involved. In October more than 6,000 real estate professionals will converge on Denver for the Urban Land Institute Fall meeting.
“This premier real estate event makes it even more exciting for REDI participants who would like to further their careers in real estate. They can get involved by volunteering and helping with the conference, thus exposing them to a wide variety of opportunities,” said Chris Achenbach of Zocolo Development and chair of ULI Colorado.
Applications are available online at http://www.zoomerang.com/Survey/WEB22ERSXWQ3WN. The application deadline is March 16, 2012. For additional information, contact ULI Colorado at 303-893-1760 or the Denver Office of Economic Development at 720-913-1683.
With close to 900 members, ULI Colorado is one of ULI’s largest District Councils. ULI Colorado engages its members to help them build their careers and participate in their community through leadership and responsible land use. In the past year alone, 25 ULI committees have attracted 250 volunteers and developed programs attended by thousands.
The Denver Office of Economic Development (OED) is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.