Dennis Brown | June 22, 2019
Mark Twain once said of real estate: “Buy land, they’re not making it anymore.”
What was true then remains so now. Real estate is the world’s largest asset class, valued at more than $200 trillion. But it’s more than that: Real estate involves fundamental moral issues about how we invest in, build upon and develop this resource across the globe.
Researchers at the University of Notre Dame are studying all aspects of real estate, including core areas like investment and development, as well as how real estate can promote human flourishing and the common good, and this work has now been endowed with a $15 million gift from alumnus Ward Fitzgerald and his wife, Kathy.
“With faculty from throughout the University, the Fitzgerald Institute for Real Estate is an interdisciplinary hub for world-class research in this field,” said Rev. John I. Jenkins, C.S.C., Notre Dame’s president. “With this extraordinary gift from Ward and Kathy, our institute is well situated to become a preeminent center for the study of real estate as a means to create places of lasting value. We are deeply grateful.”
The newly launched Fitzgerald Institute includes more than 40 faculty members whose research and teaching on real estate will inform the academy, industry and public policy, on issues including real estate capital markets, technology in real estate, affordable housing and church properties. Faculty come from Notre Dame’s Mendoza College of Business, School of Architecture, College of Arts and Letters, Law School, College of Engineering and Keough School of Global Affairs.
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