Brookfield Centre in Real Estate and Infrastructure
The Brookfield Centre in Real Estate and Infrastructure has established a global leadership role for the School in the expanding and evolving fields of real estate and infrastructure, and the increasingly important intersections between them. First announced in 2016 and made possible by a generous $4 million donation from Timothy R. Price (Hon. LLD ’09) and his wife, Frances Price, together with the Brookfield Partners Foundation, the Brookfield Centre is well positioned to become a globally renowned and sought-after real estate and infrastructure education and applied research hub at Schulich.
- Spotlight on Research Newsletter
The hub of real estate and infrastructure industry outreach, alumni engagement, research, teaching excellence and experiential learning at Schulich
The goal of the Brookfield Centre is to achieve international status as a recognized Centre of Excellence in real estate and infrastructure education, experiential learning and thought leadership. Real estate and infrastructure have taken on a new importance as building blocks in today’s global economy, with increasing recognition that successful and sustainable cities are the ecosystems for business formation, innovation, and economic growth. This dynamic coincides with the growing importance of “real assets” in both institutional and individual asset portfolios that is transforming real estate and infrastructure investment strategies and driving increased demand for highly qualified, creative professionals that understand both industries as well as the connections between them.
Schulich has a strong and innovative tradition in real estate and infrastructure education and industry engagement. Led and nurtured over the past two decades by James McKellar, Professor of Real Estate and Infrastructure, and Andre Kuzmicki, recently retired but still connected former Executive Director, along with a strong contingent of sessional instructors, Schulich’s MBA Program in Real Estate and Infrastructure is well established, highly regarded by industry and connected to a sizeable, engaged global alumni network. Originally focused only on real estate, the School was well ahead of the curve in introducing infrastructure to the curriculum, seeing a need to provide graduates for the burgeoning infrastructure industry in Canada, and also the natural connection and fit within urban environments and hence real estate.
- Master of Real Estate and Infrastructure Program MBA Real Estate and Infrastructure Specialization
“The Brookfield Centre in Real Estate and Infrastructure provides Schulich students with rewarding career opportunities in the growing real estate and infrastructure sector and generates cutting-edge research that will help shape the strategies and policies adopted by business, government and non-profit sector leaders around the world.”
The Brookfield Centre’s Full Time Real Estate and Infrastructure Faculty
Building on the foundation created by Professor James McKellar and supportive industry professionals, the infrastructure education experience and thought leadership at Schulich have benefited significantly from the addition of Assistant Professor Sherena Hussain, MBA/ JD ’12, PhD candidate, an emerging leader in infrastructure financing and global business model innovation and a recipient of the Hennick Medal for Academic Excellence and an accomplished legal professional. Professor Hussain has won awards in the areas of tax, contract, commercial/corporate, real estate, trust and estate law.
After launching a new 12-month Master of Real Estate and Infrastructure Program (MREI), the first of its kind in the world alongside the School’s successful MBA specialization, and simultaneously hiring Avis Devine, Associate Professor of Real Estate, in 2017, the Brookfield Centre welcomed Jim Clayton, Professor and the new Timothy R. Price Chair in Real Estate and Infrastructure earlier this year. The winner of the 2017 Nick Tyrell Research Prize in Real Estate Investment, Professor Devine’s research focuses on Sustainable and Energy Efficient Real Estate, Commercial Real Estate, Multifamily Housing, and Emerging Markets. Professor Clayton rejoined the academic world, and returned to Canada, after more than a decade in the global institutional real estate investment management arena, most recently as Head of Real Estate Investment Strategy and Analytics at Barings, where he was also an Adjunct Professor of Real Estate at the University of Connecticut.
The Brookfield Centre’s faculty have been widely quoted and featured in The Globe and Mail, The Financial Post and other media about Toronto’s viability as a possible site for the next Amazon headquarters and other real estate and infrastructure issues.
“With a unique combination of four full time faculty, all with significant industry experience and diverse yet complimentary research and teaching foci and industry connections, the Brookfield Centre is well positioned to enhance one of its key pillars of applied research and thought leadership.”
Developers' DenLearn More
In March, more than 80 alumni attended Schulich’s eighth annual Developers’ Den international case competition, won by a team of Schulich MREI students competing against 12 teams from schools around North America. Started in 2011, Developers’ Den is Canada’s longest running and most prestigious real estate case competition. This year’s competition was presented by Altus Group and co-hosted by Schulich’s Brookfield Centre in Real Estate and Infrastructure and the Schulich Real Property Alumni Association.