WX New York Women Executives in Real Estate (WX) honored Marjorie Tsang during the group’s sold-out 2013 Annual Gala, which was held at the University Club.
Tsang, of the New York State Common Retirement Fund, is a long-time member of the association who previously served on the WX board of directors and was instrumental in the development of the WX scholarship initiative.
More than 350 guests attended the WX Woman of the Year Gala, which recognized Tsang as a member of the WX community who has made significant contributions toward advancing the mission of the organization. New York State Comptroller, Thomas P. DiNapoli, introduced Tsang, highlighting some of the reasons why she is deserving of the title Woman of the Year.
“Marjorie is a truly remarkable public servant and a role model for women in institutional investing and real estate,” said DiNapoli. “The integrity, discipline and fiscal expertise that Marjorie brings to the Fund is invaluable and contributes to the highly regarded reputation of our office.
“One of her most notable accomplishments includes the launch of the emerging managers program in real estate. The program is successful today, in large part, because of Marjorie’s strategic leadership and guidance. She is highly deserving of the Woman of the Year Award from WX.”
Tsang attributed her success to the influence of her maternal grandmother, “a quiet Chinese immigrant,” whose endeavors led to her granddaughters and great-granddaughters becoming leaders in business, medicine, law, labor and education across the country.
She related this support and encouragement to the WX scholarship initiative and the association’s ongoing mission to promote the advancement of women in the real estate industry. She explained, “It is more than the fundamental fairness of increasing the number of women in the real estate ranks. It’s about allowing and encouraging the best to succeed.”
Tsang shared how she joined the ranks of the real estate industry, by practicing the mantra “Ask. Assess. Advocate.”
As a real estate lawyer working for the Common Retirement Fund, she had little experience with real estate management, but by asking questions, assessing her qualifications and advocating for her own strengths and unique perspective, she became the manager of the real estate portfolio for the Fund.
WX New York Women Executives in Real Estate is an invitation-only association of executive-level women actively engaged in the commercial real estate industry in New York.