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Mission, Goals, and Executive Summary

By Luis Morris,2014-11-21 21:30
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Mission, Goals, and Executive Summary

    JEROME BAIN REAL ESTATE INSTITUTE

    2004-2005 ANNUAL ACCOUNTABILITY AND PLANNING REPORT

    PART I: MISSION, GOALS, AND EXECUTIVE SUMMARY

    A. MISSION AND AREAS OF FOCUS

    The mission of the Jerome Bain Real Estate Institute is to create value for the real estate industry and real

    estate firms through its educational and service activities. The Institute will offer Bachelor’s and Master’s

    degrees, support theoretical and applied research, and offer seminars to real estate professionals. Its goal

    is to be a premier university-based real estate educational and research center known for its expertise in

    international real estate transactions.

    B. ORGANIZATION, EXTERNAL TRENDS AND STRATEGIC DIRECTIONS 1. Organizational Issues

    Organizational Chart

    Jerome Bain Real Estate Institute

     Dean Joyce J. Elam

    Director

    John S. Zdanowicz

    Finance/Real Estate Faculty

    Ken H. Johnson

    Program Assistant

    Nancy J. Lannon

     2. Advisory Board Members

    a) List of members

     Stephen H. Bittel, CEO and Chairman of the Board, Terranova Corporation

     Scott Brenner, CCIM, SIOR, RPA, President, Brenner RE Group

     Thomas E. Byrne, Esq., EWM Realtors, Inc.

     Jorge L. Cantero, CRB, CRS, CIPS, Apollo Group Realty, Inc.

     Jay R. Chernoff, The Keys Company

     Ivory Sean Cooks, Realtor Coldwell Banker Residential Real Estate, Inc.

     David M. Dabby, J.D., MAI, President, Dabby Group

     Patricia E. Dahne, Chair-elect, RAMB

     Thomas J. Dixon, MAI, Thomas J. Dixon, Inc.

     Augusto J. Fonte, CCIM, AJF Properties, Inc.

     Robert E. Gallaher, MAI, Gallaher and Birch

     Sandra Goldstein, CCIM, GRL, CIPS, Sandra Goldstein & Associates, Inc.

     Nancy Barreto Hogan, Vice President and Branch Manager, Coldwell Banker Residential

     Real Estate

     Glenn Johnston, President, Slack, Johnston & Magenheimer, Inc.

     Paul Jones, CPA, President, Pyramid Realty Capital Corp

     Kimberly Kirschner, CIPS, Kirschner Realty International

     Kenneth D. Rosen, CCIM, President, Kendar Realty, Inc.

     Renate Smith, MBA,CRB, First Service Realty, Inc.

     Don Soffer, Managing Partner Turnberry Associates

     Guy Trusty, CCIM, President, Lodging & Hospitality Realty, Inc.

     Deborah Valledor, Realtor, CRS, GRI, The Team Advantage Realtor

     Madeline Veissi, CRS, CIP, Veissi & Associates, Inc.

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     Maurice Veissi, Veissi & Associates, Inc.

     Richard M. Zelman, Hornsby, Sacher, Zelman, Stanton, Paul & Bailey, P.A.

    b) Enhanced Program - Advisory board members have provided advice on Real Estate curriculum

    and assisted in fund raising.

3. External Trends

     Growth in International Real Estate Transactions

     -Foreign nationals investing in the U.S.

     -U.S. individuals and multi-nationals investing abroad

     4. Strategic Directions and Areas of Emphasis

    The Jerome Bain Real Estate Institute will be recognized throughout the world for its

    expertise in international real estate education and research.

    Vision: The Jerome Bain Real Estate Institute will become a statewide training center for

    Real Estate Licensing.

    C. 2004-2005 ANNUAL ACCOMPLISHMENTS

    Goal 1: Negotiate with Architecture, Law and Construction Departments to offer real estate

     electives in their programs.

     Measurable Outcome: The above listed departments will permit their students to take

     real estate courses as electives in their programs.

    Accomplishments: All Departments approved REE 6200 Real Estate Finance and REE

    6305 Advanced Real Estate Investment and Valuation to be electives in their programs.

Goal 2: Recruit two new Real Estate Faculty, if budget is approved.

     Measurable Outcome: Hire two new faculty members to teach graduate level courses.

    Accomplishments: Hired an Assistant Professor, Dr. Ken Johnson, to teach Real

    Estate/Finance and to be the Faculty Director for the Master of Science in International

    Real Estate Program

Goal 3: Develop a new Masters of Science in Real Estate Program

     Measurable Outcome: Begin offering a graduate program to real estate students.

    Accomplishments: Master of Science in International Real Estate Program was

    developed and approved by the Faculty Senate and BOT and will be offered in the Spring

    2005 Term.

Goal 4: Complete the Real Estate Brochure

     Measurable Outcome: Have a brochure to mail out and handout at real estate trade

     shows.

    Accomplishments: Working on brochure will include Master of Science in

    International Real Estate Program

Goal 5: Capital Campaign

     Measurable Outcome: Conduct a capital campaign to raise operating money.

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    Accomplishments: . Developed a Master of Science in International Real Estate

    Advisory Council Annual contribution - $5,000

     The following individuals made a commitment to serve on council:

    Jim Davis, Sr. Executive William Weber, Attorney

    Pepper Construction (Illinois) Hughes, Hubbard & Reed (Florida)

    George Marcus, CEO Barry Ziering, MD

    Marcus & Millichap Company SSR Realty Adv.

    (California) (New Jersey)

    Ronald Shuffield, President Glen Rufrano, CEO

    EWM Realtors New Plan Excel Realty Trust, Inc.

    (Florida) (New York)

Goal 6: Attend Real Estate Trade Shows

     Measurable Outcome:Attend the Commercial and International Trade shows and have

     a booth display.

    Accomplishments: Attended and had a booth display at the Commercial Real Estate

    Expo October 22, 2004 and the IX Annual Real Estate Congress June 21, 2005

Goal 7: Hold an annual awards luncheon

     Measurable Outcome: Hold an annual awards luncheon on September 14, 2004.

    Accomplishments: Our annual awards luncheon was postponed and then held on

    lOctober 19, 2004 due to weather conditions.

Goal 8: Hold two Advisory Board Meetings

     Measurable Outcome: Hold two Advisory Board Meetings in December 2004 and May

     2005.

    Accomplishments: Held two Advisory Board Meetings - December 6, 2004 and June 29,

    2005

Goal 9: Offer two new graduate courses in real estate

     Measurable Outcome: Offer REE 6305 Advanced Real Estate Investment and

     Valuation in Fall 2004 and REE 6200 Real Estate Finance in Spring 2005, as electives in

     the MBA Programs.

    Accomplishments: Offered REE 6305 Advanced Real Estate Investment and

    Valuation in Fall 2004 Term and had 50 students enrolled. REE 6200 Real Estate

    Finance was offered in Spring 2005 Term and had 39 students enrolled.

Goal 10: Offer Executive Training Programs and Seminars

     Measurable Outcome: Proposal Investing in Real Estate Projects and Proposal

     Achieving Financial Independence.

    Accomplishments: Program has been developed and will be offered on October 17-21,

    2005.

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Goal 11:Co-sponsor Appraisal Workshop

     Measurable Outcome: Hold an Appraisal Workshop on September 10-12, 2004.

     Accomplishments: Co-sponsored the following Appraisal workshops in 2004-2005:

     Assessment Appeals in Florida & The Underwriter says… October 8, 2004

     Effective Communications Workshop October 9, 2004

     7-Hour National USPAP Update & 3-Hour Florida Law October 10, 2004

    (The above workshops were rescheduled for October 8-10, 2004 from September

    10-12, 2004, due to weather conditions)

     Basic Appraisal Principles June 6-9, 2005

     15-Hour USPAP June 27-28, 2005

Goal 12: Start an Internship Program

     Measurable Outcome: Be able to place our real estate students in internship programs.

     Accomplishments: Continued development of Internship Program.

    D. 2005-2006 ANNUAL GOALS

Goal 1: Recruit and hire two new Real Estate Faculty

     Measurable Outcome: Hire two new faculty members to teach graduate level courses.

Goal 2: Hold an annual awards luncheon

     Measurable Outcome: Hold an annual awards luncheon in September 2005.

Goal 3: Hold a Real Estate Career Forum

    Measurable Outcome: Hold a Real Estate Career Forum before FIU Career Day during

    Spring 2006 term

Goal 4: Complete the Real Estate Brochure

     Measurable Outcome: Have a brochure to mail out and handout at real estate trade

     shows.

Goal 5: Continue Capital Campaign

     Measurable Outcome: Continue a capital campaign to raise operating money.

Goal 6: Hold two Real Estate Advisory Board Meeting

    Measurable Outcome: Hold two Real Estate Advisory Board Meetings one in

    December 2005 and one in May 2006.

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Goal 7: Attend Real Estate Trade Shows

    Measurable Outcome: Attend and have a booth at the International Real Estate and

    the Commercial Real Estate Trade Shows sponsored by RAMB.

Goal 8: Co-sponsor Appraisal Workshops

    Measurable Outcome: Hold appraisal training workshops on July 25-28, 2005, June 5-8,

    2006 and June 26-27, 2006.

Goal 9: Develop the Real Estate Alumni Council

     Measurable Outcome: Recruit Members and set up Executive Board.

    E. EXECUTIVE SUMMARY

    1. Major Activities - Prior Year

    a. Received approval for Architecture, Law and Construction Departments to offer real

    estate electives in their graduate programs

    b. Recruited one new faculty member

    c. Developed a new Master of Science in Real Estate Program

    d. Started a capital campaign program

    e. Attended and had a booth at two real estate trade shows

    f. Held an annual real estate awards luncheon

    g. Offered two new graduate courses in real estate

    h. Co-sponsored five appraisal workshops

    i. Started a Real Estate Student Association

    j. Held an annual Real Estate Career Day Forum

2. Major Activities - Coming Year

    a. Hire two new real estate faculty members

    b. Hold a real estate annual awards luncheon in Fall semester

    c. Hold a real estate career forum in Spring semester

    d. Complete an undergraduate real estate brochure

    e. Continue working on capital campaign

    f. Hold two real estate advisory board meetings

    g. Have a booth at the International Real Estate and Commercial Real Estate trade

    shows

    h. Co-sponsor three appraisal training workshops

    i. Work with Real Estate Student Association

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