From the Director

Things have really been cooking in the CREF the past three months: student interest in the Real Estate Minor is at an all-time high, employer activity continues unabated with a positive spring 2013 outlook, and CREF sponsored ten extra-curricular events—including an in-depth look at the redevelopment of the venerable Buffalo Statler Hotel and roundtables with Cheryl Boyer, president of WX–New York Women Executives in Real Estate, and Jonathan Grey, Global Head of Real Estate, The Blackstone Group. The CREF faculty continues to publish new knowledge, both in the real estate journals and on the CREF website. Pay us a visit at We've added three new industry fellows and appreciate two continuing members in the past three months. Please welcome The Mega Companies, RLJ Lodging Trust and Wells Fargo to the CREF Industry Fellows and kudos to Watermark Capital Partners, LLC and Westbrook Partners for continuing to support our efforts.

In this newsletter, you'll find details on all of our fine work. What I'd like to convey in this welcome is the energy and interest around the center, the minor, and the programming that allows our real estate mission to mature and become an increasing part of the intellectual life of the School of Hotel Administration and Cornell University. Most important, with our focus on making a key difference in the students' education, we are fulfilling the twin goals of providing academic knowledge and connecting that knowledge to the hands-on learning that is essential for accelerating our graduates' career success and providing the industry with high functioning future talent.

Jan deRoos
Associate Professor and HVS Professor of Hotel Finance and Real Estate