For help with NYU Stern MBA and Master's Application, Subscribe to F1GMAT's Essay Review Service
Welcome to F1GMAT's weekend updates for the week ending September 10th, 2022. I am Atul Jose.
On September 7 2022, New York University Stern School of Business announced a $20 million gift to the school from alumnus and Stern Executive Board member Charles C.Y. Chen (MBA '91). The gift, named after the donor’s father, will establish and endow a real estate finance institute.
Stern's position as a global leader in immersive learning and industry engagement in real estate will be strengthened by the Chao-Hon Chen Institute for Global Real Estate Finance.
Charles Chen received his MBA from Stern in 1991 and currently serves on the Executive Board of Stern. Mr. Chen is the chairman of Eyon Holding Group, a Taiwanese direct investment group. Mr. Chen has held positions of leadership and directorships at several global and nonprofit organizations, including Wan Hai Lines, Taian Insurance, UTAC Group, China Airlines, Taiwan Air Cargo Terminal, and Epistar Corp., as well as the Chen Yung Foundation, and New York Philharmonic. He will also join the distinguished Advisory Board of C-suite leaders. These leaders will be involved with the Center for Real Estate Finance and broaden their scope to serve the Institute in the future.
Sam Chandan, Ph.D., is currently the Director of Stern's Center for Real Estate Finance and will now serve as the Institute's Director, overseeing the new entity.
Stern's reputation in the field stems from faculty thought leaders, an extensive network of industry partners, and the current Center for Real Estate Finance, which will now serve as a foundational pillar within the new Institute. The Institute will house three new, interdisciplinary initiatives that will fundamentally disrupt real estate on a global scale - Proptech, Climate Change, and New and Emerging Real Estate Markets.
Proptech is a comprehensive examination of how technology is reshaping real estate markets, including the impact of blockchain, data science and machine learning, and other fintech innovations.
Climate Change will be studied through various adaptations such as green finance, smart building technologies, and material science.
And finally, New and Emerging Real Estate Markets focus on opportunities and challenges worldwide, leveraging NYU’s robust global network.
The Chao-Hon Chen Institute for Global Real Estate Finance at Stern will annually award scholarships to a diverse group of high-achieving undergraduate and MBA real estate students. The institute will also collaborate with centers of excellence at NYU and its global campuses and provide research grants and other assistance to faculty and doctoral students across the university.
