The e-newsletter has been on hiatus for a month, but the Center has been as active as ever! Included in this issue of the alumni/ae e-newsletter are the following:

• 2nd Annual Housing Affordability Conference
• CRE Welcomes the Class of 2007
• Upcoming Events:
  • Professional Development Courses -- Alums receive 25% Discount!
  • Director David Geltner presentation, Singapore – July 17
  • Class of 2006 Graduation – September 30

• ALUMNI/AE ASSOCIATION OF THE CENTER FOR REAL ESTATE INITIATIVES
  
  
  
  • New! AACRE Externship Program
    
  • Student Host Program
    
  • Alums in the News
    
  • Alumni/ae Networking
    
  
  
• Jobs (New additions highlighted)
  
• MITREX
  
• Reminders and Notices
  

2nd Annual Housing Affordability Conference

The Center for Real Estate held its second annual Housing Affordability Conference May 25th. At the conference, CRE released a housing affordability index which included both rental and owner-occupied units in the Boston metropolitan area, and incorporated new measures of quality of life such as school quality and public transit. Other conference topics included Chapter 40B, suburban residential land use density, and key worker housing opportunities. For conference program and further details, please see http://web.mit.edu/cre/research/hai/conference-06.html.

MIT/CRE Welcomes the Class of 2007

Please join us in welcoming the CRE Class of 2007. Students were accepted from Europe, the United States, China, Korea, India, Japan, and Taiwan. There are 36 students in the incoming class, 10 of them female, and the average age of the students is 30. Watch our website for updates and profiles on our newest students.

Upcoming Events

• Professional Development Courses start in June! NEW Classes in Advanced Real Estate Development, Entrepreneurship, and Brownfields will be offered. Alums receive a 25% discount.
• In July CRE’s Director, Prof. David Geltner, will be speaking on “the growth of the property investment universe” at the National University of Singapore. Keep an eye on our web site for details.
• September 30 – MIT Center for Real Estate graduation:
  Our graduation speaker will be Matthew Kelly, Vice President, Real Estate Strategy and Development, Walt Disney Imagineering, a division of the The Walt Disney Company. Alums are invited!

Please see the CRE Events page (http://web.mit.edu/cre/events/index.html) for updates and further information.

Alumni/ae Association of the Center for Real Estate (AACRE)

News and Updates

AACRE Externship Program

Under the guidance of recent CRE alum Abe Menzin (CRE '06), the AACRE is starting a new program. During the January Independent Activities Period (IAP), we will be offering externship opportunities to interested students. Patterned after the parent organization's program, but tailored for real estate, the Externship Program gives students the opportunity to explore companies and new areas of focus within the real estate industry.

If you have a project that you think a student would find of interest or if your firm would be willing to give a current student the opportunity to tour various units within the organization during IAP, January 8 - February 2, 2007, contact Marion Cunningham at marionoc@mit.edu.

AACRE Student Host Program Needs You!

In 2003, a current student was the catalyst for the creation of the Center's Student Host Program. The Program allows prospective students to visit MIT and the Center, meet students and faculty, and attend classes. Current students host prospective students and share their experiences and offer advice about the program.

Drawing on this history, the Alumni Association of the CRE (AACRE) is developing a new, affiliated program targeted to prospective students outside the Boston area. In this program, alums will be matched with people in their area who are interested in the MSRED program. We would ask participating alums to meet with the candidate and answer any questions they might have about the Center. If you are interested in participating, please contact Amanda Strong at Amanda.strong@alum.mit.edu.

Alumni/ae in the News

Two members of the CRE Class of 2003, Jeff Hutchinson and Forrest Westin, were recently quoted in The San Francisco Chronicle and The New York Times in articles discussing cooling housing markets.

Alumni/ae Weblog

To allow alumni/ae to connect with one another, announce events, seek career advice, and share business opportunities, CRE has created an Alumni/ae Weblog (http://amps-tools.mit.edu/cre-alumniblog/). On the weblog, you can find events and information geared to alumni/ae and see what your fellow alumni/ae are doing. Post your own news and comments, or send us your feedback or ideas for the weblog, by emailing Karen MacArthur at macarthr@mit.edu.

Calling all Europe-based Alumni/ae

Do you work with or have an interest in European Real Estate? A network of Europe-based alumni/ae has formed, and their goal is to develop and expand the real estate network. If you are interested in joining the MIT/CRE European network, e-mail Nick Spencer (CRE '03) with your contact details. Nick can be reached at nspencer@credogroup.com.

Calling all San Francisco-based Alumni/ae

CRE alum Ted Horton ('87), is reaching out to San Francisco-based CRE grads. If you would be interested in "getting together and kicking around deals and ideas while asking questions and offering gratuitous opinions over a glass of wine and some good Italian food" on a monthly or bi-monthly basis, contact Ted at theodorehorton@gmail.com. The group toured a $15 million "Presidio Heights Beaux Arts mansion" on May 18th and had a great time.

Regional Alumni/ae Organizations

Regionally based alumni/ae organizations can offer valuable networking and discussion forums for local real estate professionals. If you would like to start or get involved in a CRE alumni/ae group in your area, please contact Lisa Davis at ldavis@ndevelop.com.

Jobs

Recent listings include:

• Hamilton, Rabinovitz & Alschuler, Inc. (www.hra-inc.com) / New York, NY
• Tenderloin Neighborhood Development (www.tndc.org) / San Francisco, CA
• MMA Financial, Inc. (www.mmafin.com) / Boston, MA
• Federal Development, LLC (www.federaldevelopment.com) / Washington, D.C. and Northern California
• RETAINED SEARCH by Keller Augusta (www.kelleraugusta.com) / Boston, MA

Please visit http://web.mit.edu/cre/jobs/index.html to view the most recent listings. Send your job listings (with contact information) to Marion Cunningham at marionoc@mit.edu.

MITREX Updates

The MIT Real Estate Exchange, MITREX is a searchable database available to Industry Partners, MIT/CRE alumni/ae, students, staff and faculty. We’re constantly posting new information to MITREX, including the following recent updates:

• David Geltner IPD Lisbon Presentation May 11, 2006
• NAIOP FIRE Presentation -- "Going Global, Why You Should Care"
• Beyond the Numbers: Managing Successful Deals
• Transactions-Based Index (TBI) 2006 Quarter 1
• Japanese Market Information for April 2006
• Transactions-Based index (TBI) 2005 Quarter 4

If you haven’t already signed up to access MITREX, please do so at http://cre-mitrex.mit.edu/index.html.

Reminders and Notices

* Support the Center for Real Estate (http://web.mit.edu/cre/giving/index.html). The need for funding to support the "new vision" of the Center is ongoing. Please continue your support!

* The 2006 Version of the CRE Alumni Directory is available. To request an electronic copy of the CRE Alumni Directory, e-mail mit-cre@mit.edu.

* Join the Alumni Association of the CRE, AACRE (https://alum.mit.edu/smarTrans/user/PayDues.dyn?groupID=189). Thanks to joining the larger MIT Alumni Association, CRE alumni/ae can pay their dues on line. Log in using your Infinite Connection login. Select the dues type you'd like to pay from the simple, secure, one-page form. Enter your billing and credit card information, and your dues are paid for this fiscal year (7/1 to 6/30). If you would prefer to complete your membership by mail, go to the CRE alumni web site and download the membership form.

* MIT Real Estate Exchange, MITREX (http://cre-mitrex.mit.edu/index.html). Currently, MITREX has 373 members and 366 items. Sign up today, this promises to be an invaluable tool.

* MIT/CRE Resume Book (http://web.mit.edu/cre/resumehome.html). Take a look, our students and graduates are impressive!

* Job Listings (http://web.mit.edu/cre/jobs/index.html). Have a job you want to fill or seeking a new opportunity? We have the right person and the right job! Send your job listings (with contact information) to marionoc@mit.edu and they will be posted.

* Update Your Alumni Contact Information (http://web.mit.edu/cre/alumni/update.html). We want to stay in touch and keep you informed. To help us do so, please use this URL to update your contact information.

* Alumni Network Services (http://alum.mit.edu/index.html). Visit the MIT Alumni Association's web site to find addresses and contact information for classmates.

* Alumni Projects (http://web.mit.edu/cre/alumni/index.html and http://web.mit.edu/cre/alumni/alumprojects.html). Send me (marionoc@mit.edu) notices of your projects, publications, promotions, and noteworthy events for posting on the MIT/CRE web site and/or alumni/ae blog.

Best regards,

Marion Cunningham

CRE: Our Graduates Build the Future