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Statements of Excellence for Advanced Studies in Real Estate Sales and Development

Women in Real Estate.

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Sample 1st Paragraph MS Degree in Real Estate

Your Master’s Degree Program in Real Estate at the University of XXXX is my first choice for graduate school for a variety of reasons not the least of which is your location. I have found my social and business niche in the development and sale of luxury real estate. While I hope to make a lot of money in my lifetime doing what I love, I also like to think that my work is also noble insofar as environmentally friendly design and construction and the adoption of sustainable, green alternatives are of fundamental importance to attracting the interest of the people to whom I target my efforts. I like to think of the profession that I am cultivating as helping people to learn to live well, in community, and in harmony with nature.

Master’s Degree in Real Estate Finance Program, Sample Personal Statement of Purpose, Growing up in Bangladesh.

My father traveled for business and took me with him while I was growing up, from one side of Bangladesh to the other. I watched, observed, and studied my country and its people and noticed very early on the profound disparities that exist between the very rich and the very poor. The larger cities now have vast accumulations of wealth while most people in urban areas still work for menial wages, serving the interests and lifestyle of the wealthy. The rest of the country seems stuck in grinding poverty with little hope of advancement give the almost complete lack of infrastructure development and investment throughout most of the country. I want to contribute to resolving this abysmal situation as a business leader for the future in the area of Property Investments and Development. This is why I hope very much to be selected for your distinguished Master’s Degree in Real Estate Finance Program at XXXX University.

While I was born and raised in Bangladesh, I came to London for my undergraduate studies and am now working towards the completion of my LLB Degree from King’s College London. I have worked full time for the past three 3 summers with 5-6 months in total spent at each position. My first position was with an investment firm in Bangladesh (Date) performing Due Diligence Surveys for an Investment Analyst in the area of acquisitions of mostly commercial spaces and industrial land. I learned a great deal about real estate investment in this position that will serve me well as a graduate student in your program at XXXX, everything from finance to planning permissions and much in between.

My next ‘summer’ was spent in Lisbon, Portugal where I also served as an Investment Analyst. This time, my focus was primarily on residential properties, the full gambit, everything from run down sites for redevelopment through existing structures that were new or in excellent condition. I learned a lot about how the values of properties shift as a result of a broad variety of conditions and factors, with these differences being seen most graphically when examined comparatively across neighborhoods. In Portugal, I participated in a lot of forecasting analysis, looking at issues of risk/reward, depreciation, and return on investment.

This past summer I spent in Montreal Canada -  again focused on analyzing investments in different parts of the country, including remote areas such as Newfoundland. This gave me great insight into the vast differences that can exist between real estate and investment climates in densely vs. sparsely populated areas, in Bangladesh as well as Canada. I have also learned a great deal about the impact of income disparities across countries and how this is related to real estate development.

I especially enjoyed studying the complex ways in which different parts of Canada can be characterized as having a particular investment climate.  I have studied very closely the economic impact of population movements and shifting densities – comparing, for example, rapidly growing cities such as Vancouver and Toronto, with other cities that have more stable populations. 

I have a great personal as well as professional passion for policies that protect the natural environment in sustainable ways with an emphasis on the integration and regeneration of urban areas. The area of London in which I currently live, Stratford, is an excellent example of successful regeneration that I have studied with special intensity. Before the 2012 Olympics the place was downtrodden and in most of it in very poor condition. Since the games, the area has been rejuvenated and the quality of life for those living here has greatly improved. Many new residency buildings have sprung up along with some of the world’s most exciting new shopping centers, new, cutting-edge universities are also being planned.

Still only 22 years old, it pleases me to think about the long professional lifetime that I have ahead of me and I feel most keen to engage with the cutting edge of theory and reality in real estate development, especially projects and strategies for developing nations like Bangladesh. I think of myself as a real estate development professional and also a volunteer, as I seek to make my humanitarian mark in this area as well. No greater gift can be given to people than dignified shelter and I have no desire to devote my efforts of a lifetime to the high end of real estate investment. I am more attracted to plans that benefit the common masses of ordinary people.

In addition to Hindi and Bengali, I am also fluent in French and I hope to make use of this language as well at some point in my career at the service of the developing world, the former colonies of European nations. Some of my highest moments in life so far have been while serving as a volunteer in Bangladesh working with a resilient housing project for 100's of families in Rangpur in rural Bangladesh. We sought, with a certain degree of success, to change to focus of residential construction to disaster risk reduction in areas subject to numerous water-related challenges. We enjoyed success at the implementation of earthen solutions along with the use of other natural materials such as bamboo in the construction of low cost yet sanitary and efficient dwellings for people of very limited resources.

I look forward to the fullest and most rigorous immersion experience possible in global property markets, especially commercial, with a focus on finance and development. I could not be more excited by the prospect of the fullest of exposure to the very latest concepts in risk management and financial engineering in particular.

I thank you for considering my application to your competitive Master’s Program in Real Estate Finance at XXXX University.

Women in Real Estate

Sample 1st Paragraph for the MPhil Degree Real Estate Finance, UK, Pakistani Applicant

Your MPhil Program in Real Estate Finance at the University of XXXX is my first choice for graduate school because of your in-depth focus on finance and the breadth and thoroughgoing scope of your curriculum. Still only 22, I finished my BSc at XXXX University with honours last year and I have become an established corporate finance professional since that time.  A British citizen of Pakistani origin, I hope to distinguish myself in your program by my passion for real estate development in the Developing World, particularly Pakistan. I plan to become RICS accredited here in Britain and to develop and maintain a focus on helping low income families to become home owners. At the same time, I want to continue to develop an intensive focus on real estate development programs in my native Pakistan, particularly those areas heavily impacted by the massive floods that have taken place over the course of the last several years.

Heroines of Real Estate

The real estate industry is chock full of talented, inspired and motivated women. Here are some of our favorites.

Marilyn Jordan Taylor

Marilyn Jordan Taylor is an American architect who has been a partner at Skidmore, Owings & Merrill since the early 1980s. She served as its first female chairman. Taylor specializes in urban architectural projects and designed the master plan for the Manhattanville expansion, the Consolidated Edison East River Greenway as well as airports from the John F. Kennedy International Airport terminal 4 expansion to the SkyCity at the Hong Kong International Airport.

Since 2008, she has been the Dean of the University of Pennsylvania School of Design.

Ivanka Trump

Ivanka Trump is executive vice president of the Trump Organization (and member of Fortune’s just-released, 2014 40 under 40 list). She is an American businesswoman and former fashion model.

Trump is the daughter of real estate developer and the President of the United StatesDonald Trump; and the Executive Vice President of Development & Acquisitions at her father's company, the Trump Organization, where her work is focused on the company's real estate and hotel management initiatives.

Maryanne Gilmartin

Maryanne Gilmartin is President and CEO of Forest City Ratner Companies. She is president and chief executive officer of Forest City Ratner Companies, the New York office of Forest City Realty Trust, Inc.

Gilmartin has been point person in the development of some of the most high-profile real estate projects in New York City. They include Pacific Park Brooklyn, The New York Times Building and New York by Gehry.

In addition to these projects, Gilmartin managed the commercial portfolio at MetroTech Center in Downtown Brooklyn.

Gilmartin graduated summa cum laude, Phi Beta Kappa from Fordham University, where she also studied for a master’s degree.

She proudly served for more than seven years on the New York City Ballet Advisory Board. Currently, she is a board trustee for the Brooklyn Academy of Music, a member of the executive committee and board of governors of the Real Estate Board of New York, and as a member of the Industry Advisory Board of the MS Real Estate Development Program at Columbia University.

She was named co-chair of the Downtown Brooklyn Partnership, a member of the board of directors of the Jefferies Group LLC, a global investment banking firm, and a member of the board of trustees of New York Public Radio.

Gilmartin has been recognized as a top professional in her field with a number of awards. She earned the Woman of the Year honor in 2007 from WX New York Women Executives in Real Estate.

She has made multiple appearances on Crain’s New York Business’s annual list of New York’s 50 Most Powerful Women.

Barbara Corcoran

Barbara Ann Corcoran is an American businesswoman, investor, speaker, consultant, syndicated columnist, author, and television personality.

She graduated from St. Thomas Aquinas College with a degree in education in 1971, and then she taught school for a year. She soon moved on working various jobs including a side job renting apartments in New York City. Corcoran wanted to be her own boss.

In 1973 co-founded a real estate business called The Corcoran Group with her boyfriend, who fronted a $1,000 loan (approximately $5,420 now).

In the mid-1970s, she also began publishing The Corcoran Report, which detailed the real estate data trends in New York City.

In 2001, Corcoran sold her business to NRT Incorporated for $66 million. She is an investor herself, and is invested in more than twenty businesses to date.

Corocan is a columnist for More MagazineThe Daily Review, and Redbook, has written several books. She has been featured in various shows, include Larry King Live

Corocan has been a guest business speaker at various real estate events and is a business consultant via her consulting and television production business, Barbara Corcoran Inc.

She is also the real estate contributor to NBC's Today show and hosts The Millionaire Broker with Barbara Corcoranon CNBC.

Dolly Lenz

Dolly Lenz is a real estate agent in New York City. It is estimated that in 2007, she sold $7 billion in real estate. She sold $748 million the year before.

Lenz, whose birth name is Idaliz Camino, was born in the Bronx to a Spanish immigrant father, and bought her first apartment at age 18 on Park Avenue in the Murray Hill neighborhood.

Lenz was an accountant at United Artists, where she struck up a friendship with Barbra Streisand and began selling real estate in various agencies, including Sotheby's before moving to Prudential's Douglas Elliman agency in 1999. She became vice chairman of the division in 2003.

Lenz left Douglas Elliman to start her own firm in June 2013. “She is probably pursuing an opportunity where she can leverage her brand, but this is just an outsider’s opinion,” said Town Residential CEO Andrew Heiberger when she left.

She has been used frequently by Donald Trump, and in 2005, sold the Burnt Point mansion in Wainscott, New York to billionaire Stewart Rahr for $45 million.

Mary Ann Tighe

On the commercial side of real estate is Mary Ann Tighe, CEO of CBRE, Tristate Area, Laura Pomerantz, vice chairman of Cushman and Wakefield, and Faith Hope Consolo, chairman of the retail group of Douglas Elliman.

Tighe is an American commercial real estate broker and CEO of the New York Tri-State Region of CBRE, the world’s largest commercial real estate services firm.

She has made commercial transactions for over 93 million square feet and has been cited as a groundbreaker in a traditionally male-dominated industry.

Tighe’s deals have anchored more than 13.7 million square feet of new construction in the New York region, a total believed to be a record in commercial brokerage. She has been named to Crain’s New York Business Most Powerful Women in New York since the listing was inaugurated in 2007, ranking #1 in 2011 across all New York City industries.

Elizabeth Plater-Zyberk

Elizabeth Plater-Zyberk is an American architect and urban planner of Polish-Livonian aristocratic roots based in Miami, Florida.

Plater-Zyberk received her undergraduate degree in architecture and urban planning from Princeton and her master's degree in architecture from the Yale School of Architecture.

She is a representative of New Urbanism and New Classical Architecture.

Janette Sadik-Khan

Janette Sadik-Khan is a former commissioner of the New York City Department of Transportation (2007-2013) and an advisor on transportation and urban issues.

Khan currently serves as a principal at Bloomberg Associates, a philanthropic consultancy established by former Mayor Michael R. Bloomberg that advises mayors around the world to improve the quality of life for their residents. 

She is the author of the book "Streetfight: Handbook for an Urban Revolution," which is based on her experience as commissioner and her new role as global transportation advisor.

Khan also serves as chairperson for the National Association of City Transportation Officials (NACTO), a coalition of the transportation departments of 40 large cities nationwide.

Other Women Worth a Mention

Other women worth mentioning are architect Zaha Hadid; Marianne Cusato, the author and urban designer who created the Katrina Cottages; and Sarah Susanka, pioneer of the Not So Big House movement.

In the tech/Silcon Valley realm, Amy Bohutinsky, CMO of Zillow, and Sarah Leary, cofounder of the social-networking-for-neighborhoods site Nextdoor are doing great things.

On the investment side, Robyn Sorid, cofounder of G4 Capital Partners is a pioneer that we appreciate.

As most people in real estate know, women are still underrepresented in the top ranks, but as they are in all industries, women are starting to take more prominent roles.