ULI Cincinnati Hosted Queen City Landmarks in Millions of Real-World Data Points
Thank you to our Annual Sponsor, The Kleingers Group, for their support in bringing this reality capture information to participants.
Last August, when we convened Real Estate Accelerator Lab, we didn’t imagine how the world would be changed by a pandemic and that the program’s inaugural class would celebrate its successful completion of eight months of immersive real estate development study with a virtual commencement.
Nonetheless, we have completed year No. 1, and 25 diverse emerging leaders are now equipped with knowledge and networks they can leverage for professional achievement and community impact.
This is good; Cincinnati will need the innovation that comes from engaging a diverse cross-section of people to lead us out of uncertainty as a stronger and more resilient city.
Our organizations – the local chapters of Urban Land Institute and Local Initiatives Support Corp. – led the creation of Real Estate Accelerator Lab (REAL) from the motivation to meaningfully expand diversity of race, ethnicity and gender in commercial real estate and development. The idea was to be inclusive; create top-notch classroom learning led by local commercial real estate CEOs and community development practitioners; and assign mentors to each participant for ongoing guidance.
REAL represents a significant investment of time and financial commitment from participants, sponsors, mentors, and the industry professionals who volunteer to teach the classes, build the curriculum and invest in future leaders.
“You can’t be what you can’t see,” is a rallying cry for visible diversity leadership, attributed to civil rights activist Marian Wright Edelman. For early and mid-career professionals motivated to understand how real estate development works and apply learnings to their projects, the REAL program unlocks a new door to information and professional relationships. REAL provides entree into industry nuances and large-scale projects many may not otherwise see themselves.
There are three powerful takeaways from REAL 1.0 that are informing how we structure REAL 2.0:
Applications to participate in REAL 2.0 are available online. We invite you to join ULI Cincinnati, help us expand diversity in the real estate industry and witness the power of REAL.
Lydia Jacobs-Horton is executive director of the Greater Cincinnati/Dayton chapter of Urban Land Institute, a global nonprofit organization that is the premier source of multidisciplinary research and education in the real estate industry.
Kathy Schwab is executive director of Local Initiatives Support Corp., a national nonprofit intermediary organization that helps transform distressed communities by investing in developing community capacity around a shared vision.