Friday, September 26, 2008

NAIOP Central Florida Chapter Presents $44,500 Check to UCF's College of Business Administration for New Dr. P. Phillips School of Real Estate


From left: NAIOP chapter president Terry Delahunty, Foley & Lardner LLP; former chapter president and UCF alumna Nan McCormick, CB Richard Ellis, Inc; chapter president-elect and UCF alumnus Jeff McFadden, Taurus Investment Holdings, LLC; Dr. Thomas Keon, Dean of UCF’s College of Business Administration; former chapter president and UCF alumnus Damien Madsen, Broad Street Partners; former chapter president Mike Beale, Highwoods Properties, Inc.; and Dr. Randy I. Anderson, Howard Phillips Eminent Scholar Chair in Real Estate at UCF.

ORLANDO, FL - The Central Florida chapter of the National Association of Industrial and Office Properties (NAIOP) presented a $44,500 check to Dr. Thomas Keon, Dean of UCF’s College of Business Administration,(top right and bottom left photos) on September 25 in support of its new Dr. P. Phillips School of Real Estate spearheaded by the local NAIOP chapter.

NAIOP’s check represents the latest installment of a total of $564,500 donated to UCF in payment toward its $600,000 multi-year commitment.

NAIOP’s support is generating big dividends at the school which is now up and running.. The check was presented during the 2nd Biennial NAIOP Central Florida Developers’ Bus Tour.

When completed by July 2009 and combined with the state matching gift, NAIOP’s contributions will create a $1.02 million endowment to support the Jim Heistand-NAIOP Endowed Eminent Scholar Chair in Real Estate, a second faculty position in addition to the fully-funded Howard Phillips Eminent Scholar Chair in Real Estate at UCF held by Randy I. Anderson, Ph.D.

In accepting the check, Dean Keon stated, “NAIOP continues to work hard to make sure the school is a top priority for the Central Florida real estate community.
" UCF’s Dr. P. Phillips School of Real Estate is off to a great start with nearly 200 students majoring or minoring in the undergraduate real estate program. Those numbers will grow as we add faculty and further develop the curriculum.”

Gifts toward Central Florida NAIOP’s $600,000 commitment include: $300,000 from NAIOP member Jim Heistand, majority owner of Orlando-based Eola Capital; $55,000 from local NAIOP chapter president-elect and UCF alumnus Jeff McFadden, managing partner, Taurus Investment Holdings LLC; $5,000 from former chapter president and UCF alumna Nan McCormick, senior vice president at CB Richard Ellis, Inc.; $5,000 from Highwoods Properties, Inc.; and $5,000 from Duke Construction.

“At this point, we need more folks to follow their lead,” said chapter president Terry Delahunty, partner, Foley & Lardner LLP. “We are currently seeking additional investment in the chair,” Delahunty explained. “We anticipate that more of our members and others will step up with needed contributions now, so we may complete the NAIOP pledge more quickly and achieve an even larger impact benefiting our community.”

Contact: Kenneth H. Cristol, 407-774-2515

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