Publications

- March 1, 2014: Vol. 26, Number 3

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Educational training: Changes and opportunities in the real estate business

by Jeff Havsy

1 One of the many challenges facing real estate managers and plan sponsors is training new employees, as well as providing continuing education to their existing staff members. These educational objectives are constrained by limited time, lack of resources and money, inconsistencies in teaching, and the opportunity costs associated with other corporate activities. Moreover, today’s investment management industry requires highly specialized knowledge that is constantly changing over time. Obviously, a variety of trade organizations produce (or facilitate) a number of programs offering such specialized training. These trade organizations do so as part of their mandates and thereby offer economies of scale not easily replicated by their constituents. For example, the Appraisal Institute offers a wide variety of appraisal-oriented programs for new students and continuing education. CCIM offers courses that are strong on investment analysis. The CFA Institute offers a comp

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