News

Portland State Real Estate Students get a New Scholarship Program
Author: By Jon Bell – Staff Reporter, Portland Business Journal
Posted: September 5, 2018
 A handful of commercial real estate students at Portland State University will get a little help with their schooling thanks to a new scholarship program.

The Society of Industrial & Office Realtors, including the Oregon Chapter and the SIOR Foundation in Washington, D.C., has partnered with PSU's Center for Real Estate to establish a $24,000 fund to create four $4,000 scholarships for graduate students. The scholarships will be awarded next spring.

The program, which was also funded through the Portland State University Foundation, will further allot $8,000 in two fellowship grants for a student writer and a graphic designer to produce the Center for Real Estate Quarterly Report. The grants will be awarded this fall.

According to a release, the scholarships will support Master in Real Estate Development students who pursue the graduate degree full-time in one year or part-time in two years. The cost of that degree is $38,000. The PSU program admits 30 students each year.

“This is meaningful money for students who have chosen careers in commercial real estate and decided to acquire graduate degrees that will help advance their careers both in the short and long term," said Julie Gibson, executive director of PSU's Center for Real Estate, in the release. " ...These graduates join or return to the workforce as highly qualified real estate developers, investors, lenders, urban planners, and service providers, including brokers.”

The academic partnership was arranged by SIOR Oregon Chapter president Tom Talbot, a senior vice president and partner with Kidder Mathews, and Stan Kleweno, a SIOR associate member, SIOR Foundation trustee and principal of Transpacific dk Investments LLC. Gibson and Erin O’Roak, assistant director of development for the business school and a representative for the Portland State University Foundation, also helped arrange the partnership.

According to the release, the Oregon SIOR chapter and the SIOR Foundation have extended fellowship grants to PSU for several years and specifically for student writers contributing to the Center for Real Estate’s Quarterly Reports. The matching funds program will expand the SIOR scholarship and fellowship tuition support, helping six students defray the cost of their education.

"The matching funds program is the most effective way of leveraging up chapter funds, foundation funds and local foundations, private donors or sponsoring companies to help make graduate studies more affordable for students committed to careers in our industry," said Aaron Barnard, president of the SIOR Foundation.