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Creating Innovations to Change the World
Gift Creates Colvin Institute of Real Estate Development
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| Colvin Institute Director Margaret McFarland, John Colvin and Vice President for Administrative Affairs Douglas Duncan |
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ohn Colvin ’69 has a mantra, “Whatever you give of yourself in volunteer work, you’ll get more out.” The commercial real estate developer has a long history of volunteerism including the presidency of the Homebuilders Association of Maryland. He has shifted some of that personal commitment from trade association work to the University of Maryland. He and his wife Karen Colvin, a professor at the University of Baltimore, generously gave $3 million to the School of Architecture, Planning, and Preservation to enhance and secure the future of graduate programs in real estate development at the university.
Named in honor of his mother and role model, the Colvin Institute of Real Estate Development goes beyond traditional real estate finance education and covers the principles of urban planning and design, construction management, finance and investment, land-use and environmental regulation, asset and property management, with an emphasis on the school’s strengths in smart growth, sustainable design and affordable housing.
“What we’re trying to do is to arm the next generation of real estate developers with information that they convert to knowledge and they can go out and apply it to their vision for the future,” says Colvin.
Colvin Institute Director Margaret McFarland says her students are educated to be “like the orchestra leader—they won’t play every instrument, but they will find and deploy a team that creates a beautiful and useful outcome.” Upon completion of the program, “students will know how to obtain the best from their architect, their lawyer, their financiers and how to engage in effective public-private partnerships.”
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| Colvin teaching a real estate development class. |
First-year graduate student and Maryland alum Andrew Rose ’06 is already seeing enormous benefits from the program. Currently working for a commercial real estate brokerage firm, Rose says, “I can’t tell you how many times I’ve gone to work and the information that I’ve learned in class helped get me up to speed.”
The Colvins’ gift provides funds for student projects, study tours, applied research and visiting professionals to explore tough and emerging issues facing the industry, such as whether mixed-income residential communities can thrive and effective strategies for public-private partnerships.
As a principal of Questar Properties, Colvin reconnected with his university roots when his mentor, Jacqueline Rogers, the state’s first secretary of housing and community development, began teaching at Maryland’s School of Public Policy. Working with Rogers on a Pentagon education contract broadened into a relationship with Dean Garth Rockcastle and the creation of a graduate program in real estate development at Maryland.
The Colvin Institute benefits from its close proximity to the nation’s capital. “I do not believe there will be a real estate development program in the country that can compete with our access to the leaders of this industry,” says Colvin. Moreover, he notes the institute is an unparalleled laboratory for the study of real estate development, from the historic preservation of Annapolis to the redevelopment of a post-industrial Baltimore, from environmental sensitivity for the Chesapeake Bay to the cutting edge multi-use developments of the nation’s capital and its suburbs.
“It is my privilege to give back to my alma mater and my chosen profession,” says Colvin. “I look to many of my colleagues to join me in making this the best source of education in real estate development.”
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