Study in US: ASU business school gets funding of $25M

W. P. Carey School of Business is one of the country's most prestigious business schools. It offers 15 programs and disciplines to the students.

Arizona State University’s W. P. Carey School of Business and W. P. Carey Foundation have joined forces to enhance the strength and expand the scope and reach of the school's real estate programs. The foundation has committed a funding of $25 million to ASU. The latest funding catalyzes the launch of an undergraduate real estate degree program in the fall of 2025.

ASU President Michael M. Crow commented on this and said, “For decades, the real estate industry has been a central component to the economic development engine that drives Arizona, and that will continue to be central to our progress as the state and its economy mature in the years ahead. We are extremely grateful for this generous gift, which will help ASU expand its programs within the W. P. Carey School of Business that serves not only the practitioners of real estate but also those who rely upon these professionals.”

William P. Carey II, chairman of the W. P. Carey Foundation said, “We are pleased to continue our support of the W. P. Carey School of Business at ASU with the launch of the W. P. Carey Center for Real Estate and Finance. As a key driver of the global economy, real estate has a significant impact on the lives of Americans and should be a focal point for academic research and education. The new W. P. Carey Center for Real Estate and Finance will build on the existing Master of Real Estate Development program and bring together preeminent academics, industry practitioners and students to be at the forefront of real estate and finance. By empowering students with essential knowledge, skills and professional networks, we aim to inspire and prepare the next generation of leaders in the real estate and finance industries.”

W. P. Carey Foundation Investment Details

Apart from the new and expanded degrees, the funding will also help in transforming the W. P. Carey Center for Real Estate and Finance into a world-class hub for real estate education, knowledge and training.

The Centre will support the research which is both practical and academic and will also bring the best of key policymakers, thought leaders, land experts and practitioners to give solutions to current and future property issues.

Laura Lindsey, the Cutler Family Endowed Professor and chair of the Department of Finance at ASU said, “Real estate is a key driver and indicator of the broader economy. The W. P. Carey Foundation's partnership allows us to offer a rigorous, finance-infused program of study that better connects the dots between real estate decision-making, capital markets and value creation for our students while strengthening ties to the real estate community.”

The funding will also help in setting up an experimental learning lab to provide a platform for the students to engage with tangible business challenges to improve their education.

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