The Office of Real Estate Research, which was created in 1980, has three primary functions. First, it encourages research by UIUC faculty on issues related to real estate. Second, it provides copies of previous papers from its paper series and of the Illinois Real Estate Letter through its final issue of the spring/summer 2002. Third, it promotes the ongoing development of real estate education at UIUC.
The Office of Real Estate Research is a part of the Bureau of Economic and Business Research whose primary mission is to foster research by the College of Business faculty and PhD students and to disseminate resarch to a national and international audience. The Bureau publishes the Quarterly Review of Economics and Finance.
From its first issue in summer 1987 through the farewell issue of spring/summer 2002, the Illinois Real Estate Letter provided thought-provoking commentary, stories on new developments affecting real estate, analysis of Illinois real estate markets, and candid interviews with experts who shared their views on current and sometimes controversial topics. The Illinois Real Estate Letter also carried news of campus events; activities of Rho Epsilon; and announcements of upcoming events of interest to University alumni, members of the real estate community, and professionals in related industries. At its peak, the Illinois Real Estate Letter had an audience of approximately 5,000 readers.
For summaries of representative articles see:
The University of Illinois real estate faculty bring to the classroom a variety of backgrounds and viewpoints. Their interests cover the diverse aspects of real estate. Some devote full time to the academic life of teaching and research, while others divide their time between the campus and the professional world. What these outstanding individuals share is a dedication to providing students with excellent learning opportunities in real estate at the University of Illinois.
- Roger E. Cannaday, Associate Professor Emeritus of Finance
- Peter F. Colwell, Professor Emeritus of Finance
- Jeffrey M. Davis, Adjunct Lecturer of Finance
- Ward F. McDonald, Adjunct Professor of Finance
- Daniel P. McMillen, Professor of Economics
- David M. Sinow, Clinical Professor of Finance
Career Information & Planning
The College of Business Career Services Office provides placement services for students completing undergraduate or graduate degree programs, and for university alumni as well. Increasing numbers of firms in the real estate industry are making contact with students through the Office. The Office of Real Estate Research maintains a Job Book containing a list of employment opportunities in the real estate industry. The Office of Real Estate Research encourages employers seeking to fill positions in real estate-related areas to submit notices of position openings for publication in the Job Book. Submit such notices directly to professor Cannaday at firstname.lastname@example.org.
The University of Illinois has a student organization for students interested in real estate careers called the Rho Epsilon Real Estate Student Association. This career-oriented organization provides real estate students with the opportunity to meet with experienced professionals, to discuss job opportunities with representatives of employing organizations, and to network with recent graduates and with others embarking on careers in the real estate field.
Alumni of the university who end up in real estate related positions in the Chicago area are encouraged to join the Illini Real Estate Forum which fosters networking among UIUC alumni in the real estate industry and with current UIUC students. Go to www.uire.org for more information.
Current UIUC students interested in careers in real estate are encouraged to participate in the mentorship (job shadowing) program offered by the Eisenberg Foundation. Go to www.eisenbergfoundation.org for more information.
Financial Assistance (Most application forms are available at Rho Epsilon meetings on the UIUC campus)
Undergraduate Real Estate Scholarships
- Harold E. Eisenberg Foundation Scholarships – two for $4,000 each; one is funded by a $100,000 endowment and the other is new funding each year from the Harold E. Eisenberg Foundation; application forms are generally available early each Fall semester
- SIOR Scholarship – one for $3,000; new funding each year from the Chicago Chapter of SIOR; recipient’s name goes on a permanent plaque as the “Outstanding Undergraduate Student in Real Estate” for that academic year; application forms are generally available in October of each year
- Morgan L. Fitch Scholarship – one for $2,000; new funding each year from the Real Estate Education Foundation (REEF) of the Illinois Association of RealtorsÒ ; application forms (for Fitch and two other scholarships) are available at: http://www.ilreef.org/Scholarships.htm
- Illini Real Estate Forum (IREF) Scholarship – one for $2,000; application forms available early Fall Semester
- CCIM Scholarship – one for $1,000 plus equivalent of $1,000 for a certificate to attend the first CCIM course; new funding each year from the Illinois Chapter of CCIM; application forms available at:
- ICSC Undergraduate Real Estate Award – one for $1,000 plus a one year free membership to ICSC (International Council of Shopping Centers); no application form required; program selects one recipient each year
- Above dedicated to real estate students at the University of Illinois at Urbana-Champaign
- Students may also compete for other real estate scholarships such as ones awarded by International Council of Shopping Centers (Schurgin Family Foundation Scholarship for $5,000, http://www.icsc.org/foundation/scholarships.php); Illinois Association of Realtors® Real Estate Education Foundation (Academic and Seay Scholarships, http://www.ilreef.org/Scholarships.htm); Appraisal Institute, http://www.appraisalinstitute.org/education/scholarship.aspx ; CREW (Commercial Real Estate Executive Women of Chicago, http://crewchicago.org/outreach/chicago-scholarship.html); and REFF (Real Estate Finance Forum (for women), http://reffchicago.org/outreach/chicago-scholarship.html); note that application forms are available at websites indicated above
Graduate Student Real Estate Scholarships
- CCIM Scholarship – one for $1,000 plus equivalent of $1,000 for a certificate to attend the first CCIM course; new funding each year from the Illinois Chapter of CCIM; application forms are available at: http://www.ccimef.org/scholarships-education-university.jsp
- Appraisal Institute Scholarships – Appraisal Institute Education Trust Graduate Scholarship for $2000; application must be postmarked before April 15 each year for the following year; see: http://www.appraisalinstitute.org/education/scholarship.aspx
- Illinois Association of Realtors® Real Estate Education Foundation Scholarships – graduate students may apply for the $1,000 Academic and $2,000 Seay Scholarships; applications must be received by April 1 each year for the following year; application forms are available at: http://www.ilreef.org/Scholarships.htm
- International Council of Shopping Centers (ICSC) – Charles Grossman Graduate Scholarship for $10,000, applicant must be a member of the ICSC (student membership is OK); see http://www.icsc.org/foundation/scholarships.php
- Pension Real Estate Association – in 2011, $20,000 was distributed to nine graduate students majoring or concentrating in real estate; see: http://www.prea.org/awards/scholarship.cfm
World Wide Web Links
- American Real Estate and Urban Economics Association
- The Appraisal Institute
- Bureau of Real Estate Professions, State of Illinois
- Fannie Mae
- Freddie Mac
- Ginnie Mae
- The Harold E. Eisenberg Foundation
- Illinois Association of Realtors(r)
- Illini Real Estate Forum
- International Council of Shopping Centers
- Mortgage Bankers Association of America
- NACORE International
- National Association of Home Builders
- National Association of Realtors(r)
- National Association of Real Estate Investment Trusts
- National Council of Real Estate Investment Fiduciaries
- Urban Land Institute
- U.S. Department of Housing and Urban Development
Phone: (217) 333-2278
Fax: (217) 244-3102
Office of Real Estate Research
140A Wohlers Hall
1206 S. Sixth St.
Champaign, IL 61820