January 4, 2022

REET Institute aims to improve diversity and inclusion in commercial real estate

January 4, 2022
For Immediate Release

Rates of homeownership and investment in real estate are low within minority communities; commercial real estate firms lack diversity, and wealth remains in the hands of the few.

The REET Institute (REET) is working to change that with the launch of a unique program for Black, Indigenous, and People of Colour (BIPOC) youth in the Edmonton area. The program is designed to educate, train and equip high school students with financial literacy, through commercial real estate. In this program, students are given eight weeks of access to an immersive experience of hybrid learning, industry exposure, a pitch competition, and the chance to win incredible prizes.

“Studies show that there’s a lack of diversity in the commercial real estate industry. I believe the heart of the problem is a lack of awareness that this industry is a viable option,” says Andrel Wisdom, Founder of the REET Institute. “Kids shouldn’t stumble across or fall into commercial real estate—the REET Institute will enable them to intentionally and strategically work towards a career in and ownership of one of the world’s biggest wealth creators.”

Offered at no cost to those who want to participate, the program leverages a practical learning approach where students work with industry professionals to learn skills that they can apply to live deals. Scholars emerge from the program with the experiences and networks to prepare them to secure their first job in the industry and to become stakeholders in their community.

REET has already received support from key industry members including the Alberta Real Estate Foundation, Prowse Chowne LLP, Altus Group, Cushman and Wakefield, and the Building Owners and Managers Associations Edmonton.

As an early supporter of the program, Alberta Real Estate Foundation’s Executive Director, Patti Morris explains “the REET Institute addresses a critical diversity gap through their educational and opportunity pathways for BIPOC youth to gain access to the commercial real estate industry. The Foundation exists to advance the industry, improving the capacity and understanding of both real estate professionals and consumers. We are thrilled to invest in these important skills and resources to support the next generation of owners and business leaders in commercial real estate.”

For businesses engaged in diversity and inclusion efforts, REET has several ways to partner including sponsorship, in-kind donations and mentorship. Anyone who would like to learn more can contact our team directly at info@reetinstitute.ca.

Applications are now open. The program officially launches on February 12. Students are encouraged to apply online by visiting www.reetinstitute.ca.

About the REET Institute
As a social impact platform, the REET Institute provides training in financial literacy through commercial real estate. REET partners with corporations, schools, and non-profits to deliver an immersive hybrid experience to high school students, culminating in a pitch competition with significant prizes. Students work with industry professionals to understand commercial real estate in respect to their own communities. They emerge from the program with the skills, experiences, and networks that position them well to contribute to the industry and their community.

For more information, visit www.reetinstitute.ca. Follow @reetinstitute on Facebook, LinkedIn, and Instagram.

For media inquiries, please contact:
Michelle Okere
Okere & Associates
306 535 5573
info@okereandassociates.com

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