Commercial Investment Real Estate Spring 2022 | Page 3

PRESIDENT ' S DESK

Celebrating Diversity

Fresh off Black History Month and Women ’ s History Month and heading into Asian / Pacific American Heritage Month , I want to share a message of diversity and inclusion . CCIM Institute is proud to help mold the future of commercial real estate to ensure it reflects society as a whole , and our hope is that everyone who would like to pursue a career in this wonderful industry can readily do so — all while empowered with the knowledge and expertise offered by our premier core designation curriculum and other educational programs .

The institute has a rich history of DE & I programs and initiatives , focused on sharing the message of how a career in CRE can be fulfilling and broadening the access to our education to make dreams become a reality . For some , it is their first job out of college ; for others , it is their second or even third career . That is the beauty of this industry — it can and should be for everyone who desires it .
The Cultural Diversity Education Program is one initiative offering deeply discounted pricing on the core designation curriculum to qualified diverse real estate professionals . Another opportunity is the CCIM Foundation Veterans Scholarship , launched last year , that provides qualifying U . S . military veterans up to $ 20,000 to use for non-degree-based commercial real estate education , including the CCIM designation program .
To help usher in the next generation of commercial real estate professionals , the institute continues to build its partnerships with universities across the country , offering these students institute course material and / or a Fast Track program to earn the CCIM designation upon graduation from a partner university . Participating universities include MIT , University of California , Los Angeles , Emory University , and 50 other colleges and universities .
This year marks the official formation of the institute ’ s DE & I committee to help guide the strategy and move us forward toward this long-term goal . One of the first initiatives is to build on our University Partner program by targeting historically black colleges and universities to offer CCIM Institute courses , which exposes students to both our industry and our real-world-based instruction .
And in each issue of Commercial Investment Real Estate magazine , we celebrate the diversity of our industry and our members , who cover the entire CRE ecosystem and span the globe . The institute ’ s dedication to DE & I is unwavering , and I hope you join us in supporting all our initiatives to further this goal .
LESLIE G . CALLAHAN III , CCIM 2022 CCIM Institute President Contact him at lcallahan @ ccim . net .

COMMERCIAL INVESTMENT

REAL ESTATE
Commercial Investment Real Estate , the official magazine of CCIM Institute , reports on market trends and analysis , current developments in the field , and successful business strategies .
CIRE STAFF Publisher , Larry Guthrie , lguthrie @ ccim . com Senior Content Editor , Nicholas Leider , nleider @ ccim . com Email Marketing Specialist , William Stuckart , wstuckart @ ccim . com Marketing Project Manager , Gina Florzak , gflorzak @ ccim . com
Contributing Editors : Stephen J . Donell , CCIM , CPM ; Ermengarde Jabir , Ph . D .; Mark Lee Levine , CCIM , CRE , Ph . D .; Gregory J . Porter , CCIM ; Rob Raymond ; Libbi Levine Segev , JD , MS , LLM ; Anthony Trollope
Design Consultant : Homestyles Media
Editorial Review Board : Adrian A . Arriaga , CCIM ; David B . Eaton , CCIM ; David Ellermann , CCIM ; Jeff Engelstad , CCIM ; Eric B . Garfield , CCIM ; Tony M . Guglielmo , CCIM ; James L . Helsel , CCIM ; Soozi Jones Walker , CCIM , SIOR ; J . Howard King , CCIM ; George C . Larsen , CCIM ; Kevin G . Lenze , CCIM ; Mark Lee Levine , CCIM ; Albert S . Livingston , CCIM ; Charlie Mack , CCIM ; Kenisha Robnett , CCIM , MRED ; David L . Schank , CCIM
Editorial Address : 430 N . Michigan Avenue , Chicago , IL 60611-4084 ; Contact us at ( 312 ) 321-4531 or magazine @ ccim . com .
Advertising : Heather Macaluso at hmacaluso @ ccim . net or ( 717 ) 430-2224 .
Subscriptions : $ 45 for nonmembers in U . S .; $ 55 for nonmembers in Canada and Mexico . Call ( 800 ) 532-8633 .
Reader Services : All dues-paying members of CCIM Institute receive Commercial Investment Real Estate magazine four times a year as a member benefit . Subscribe , purchase back issues , or order customized article reprints : www . ccim . com / cire or ( 800 ) 532-8633 x4491 . Make address changes : magazine @ ccim . com or ( 800 ) 532-8633 x4491 Request reprint permission : magazine @ ccim . com Submit articles and editorial ideas : magazine @ ccim . com
Postmaster : Send address changes to Commercial Investment Real Estate , 430 N . Michigan Avenue , Suite 700 , Chicago , IL 60611-4084 .
Commercial Investment Real Estate ( ISSN 1524-3249 ) is published quarterly by CCIM Institute of the National Association of REALTORS ®, 430 N . Michigan Avenue , Chicago , IL 60611-4084 . Periodicals postage paid at Chicago , IL , and additional mailing offices . The opinions expressed in signed articles and materials appearing in Commercial Investment Real Estate , including specific references to products and services , are those of the authors and not necessarily those of Commercial Investment Real Estate , CCIM Institute , or the National Association of REALTORS ®. © 2022 by the CCIM Institute . All rights reserved .
CCIM Institute , an affiliate of the National Association of REALTORS ®, confers the Certified Commercial Investment Member designation to commercial real estate professionals who have extensive training and industry experience and complete a rigorous study program .
Executive Officers President , Leslie G . Callahan III , CCIM , Atlanta President-Elect , David Schnitzer , CCIM , Addison , Texas First Vice President , D ’ Etta Casto-DeLeon , CCIM , Houston Treasurer , Charlie Mack , CCIM , Las Vegas Treasurer-Elect , Steve Rich , CCIM , Charlotte , N . C . Executive Vice President & CEO , Paul Rumler , Chicago
2
COMMERCIAL INVESTMENT REAL ESTATE MAGAZINE SPRING 2022