A $3 million alumni gift will establish a new chaired professorship in real estate at the Anderson School of Management at the University of California at Los Angeles (UCLA), the school announced earlier this week.
The gift, from Howard Levine, a leader in the Southern California housing industry, and his wife Irene, will establish the Howard and Irene Levine Chair in Real Estate, Finance and Economic Policy. The endowment will fund ongoing research and teaching activities for a distinguished faculty member.
“Howard attributes his success in real estate to his studies at UCLA,” Anderson Dean Judy Olian said in a statement. “He and Irene have never forgotten that, and are now creating a legacy that will benefit others as they launch their careers and study with an industry leader.”
UCLA Anderson will have greater opportunity to attract or retain an internationally acclaimed professor thanks to the endowed chair, and that professor will be able to focus on academic excellence without worrying about funding.
“The Levine chair is a game-changer for UCLA, the Anderson School and the Ziman Center,” Stuart Gabriel, director of the Ziman Center for Real Estate at UCLA, said in a statement. ”It will provide for a new senior faculty hire in the field of real estate finance and economics and will help to assure UCLA’s position among the top real estate programs worldwide.”
Howard Levine graduated from the Anderson MBA program in 1967 with an emphasis in urban land economics. He is the founder and former president/CEO of ARCS Commercial Mortgage Co., L.P., headquartered in Calabasas Hills, CA, a leading national provider of commercial and multifamily mortgage financing. He remains active on the California Board for Mercy Housing, a large affordable housing provider, as well as the UCLA Ziman Real Estate Alumni Group and the American Jewish University.
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Read the full article: Alumni Gift Will Create Endowed Fund to Support Real Estate Research and Teaching at UCLA Anderson
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