PREA Foundation Invests $10.8 Million in Career to Advance Diversity and Inclusion in Real Estate
Summary
NEW YORK, March 30, 2023 /PRNewswire/ PREA Foundation (Pension Real Estate Association) has approved an $8 million investment into SEO Career (Sponsors for Educational Opportunity) over five years SEOs largest multi-year grantto continue developing and placing a pipeline of Black, Hispanic, and Native American interns and entry-level candidates at top real estate firms. Connecting and learning from those who look like me has pushed my motivation and confidence to join the field and pursue a career I have truly been passionate about.The grant will allow SEO Career to expose 2,600 students to education events on-campus with partner schools and real estate-themed training boot camps for freshmen and sophomores in multiple cities, including Chicago, New York, Washington, D.C., Boston, Atlanta, Los Angeles, and Philadelphia. Students have secured life-changing summer internships with firms across the commercial real estate industry, with interns earning over $4 million in wages across five years. This grant takes our work to the next level in closing the opportunity gap for young professionals of color and ensuring the real estate industry has access to a diversified workforce.By merging SEO Careers structured professional development program with PREAs network of 100+ partner firms, interns have exclusive access to c-level executives, top internship opportunities, 100+ hours of coaching and training, and a lifelong professional network.The Pension Real Estate Association (PREA) Foundation was established to advance diversity and inclusion in the institutional real estate investment community. To learn more about the PREA Foundation, visit www.prea.org/foundation.SEO was founded in 1963 to provide talented and motivated young people from underserved and underrepresented communities with access to superior educational and career opportunities.