OUR NEW HOME

OUR NEW HOME
A NEW HOME for the CENTER

Monday, February 28, 2011

I have always admired Blake Eagle's enthusiasm.  It comes through when you meet him and in writing.  His support for the Center for Real Estate and the MSRED program has been unparalleled and was so clearly communicated in his email of last week.  He really "gets" the importance of the move to the central campus, no longer on the periphery, but moving to the  heart:


Our fund raising slogan "Vital and Visible" is most appropriate. It is vital to the Centers' long term purpose, goals and objectives that we become a more integral part of the MIT main campus. At the same time, the plan calls for us to be housed in a fabulous and spanking new first class facility-one that will convey a message of permanence, commitment and accomplishment. Our new space will communicate what we stand for, and equally important, what the Center has contributed to the professionalism of the real estate industry and to its body of knowledge.

...The Center belongs in its new location. If you haven't seen the plans for our new home yet, I urge you to go to our web site and take a look. The space, as planned, not only makes a convincing statement that we are a world class education and research center, it clearly conveys a message that our current location does not, to wit- we are indeed an integral and important part of the MIT community.

Location! Location! Location!

This is the perfect time to take our Center to the next level. A generous MIT alum has pledged  $ 1.0 million to help fund our relocation. In the spirit of how real estate markets work, our partner wants us to demonstrate our commitment to CRE, by coming up with a like amount of capital. In other words, the classic 50/50 joint venture.

Let's make this happen.

I'm definitely in.

I trust you are too.

Since his email went out, we have seen a spike in gifts supporting the new space.  I hope the enthusiasm and support of our alums continues.  The Institute is behind us; our anonymous benefactor indicates that the real estate industry is behind; now we need the third leg, our alums, to support us as well.  To date, we have pledges and gifts totaling $371,960.