The School of Professional Studies (NYUSPS) and NYU Shanghai have established a new academic institute that will focus on real estate in China and in emerging markets.
The NYU Institute for Cities and Real Estate in Emerging Markets will be supervised jointly by the NYUSPS Schack Institute of Real Estate, a global leader in real estate education located in NYC, and NYU Shanghai.
“The Schack Institute has been at the forefront of real estate teaching and research since its founding more than 50 years ago. Through academic programs and industry engagement, this partnership will magnify our global impact,” asserted Sam Chandan, associate dean and Silverstein Chair of the NYUSPS Schack Institute of Real Estate.
The Institute and its supporting foundation have been endowed through a very generous gift by real estate industry executives and civic leaders Dr. Feng Lun, chairman of Yufeng (F&E) Capital; Shan Dawei, president of UB Group, and Xiao Yong, vice president and executive general manager of China Real Estate Business, through the soon to be established foundation initiated by them. The endowment is representative of the myriad contributions.
Dr. Feng, an NYU trustee, and his colleagues have made to the development of the real estate industry and to advancing the expertise of leaders in the field from China.
Feng acknowledged that for China, and for regions experiencing rapid urbanization, there is a high demand for professionals with comprehensive knowledge and excellent management skills in the real estate industry.
“We are assured that NYU’s wealth of knowledge and resources in the realm of cities and real estate will provide a strong foundation for this new initiative,” he stated. This partnership will serve as a catalyst for innovation and will offer a transformational education for those enrolled in its programs.”