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Global Business Initiative
During the summer months I find myself energized with ideas to build on the successes we realized during the school year, like the recent launch of the Steers Center for Global Real Estate. This past school year, our real estate program attracted industry leaders like Jonathan Gray and Roy March to campus, convened prominent alumni in Los Angeles, and continued to expand opportunities for our students both inside the classroom and in the workplace through the creation of our Hoya Corporate Cornerstone program. I invite you to learn more about our new center and keep up to date on our latest activities by visiting our new website.

Hoya Saxa,

Matthew Cypher, Ph.D.
Director of the Steers Center for Global Real Estate
Georgetown McDonough Launches The Steers Center For Global Real Estate
The Real Estate Finance Initiative has grown into the Steers Center for Global Real Estate. The new center, launched at the Luminaries event in April, garnered media coverage in the Associated Press, Bloomberg, Washington Business Journal, and other national media outlets. The Steers Center provides an innovative educational experience for undergraduate and graduate students preparing to become leaders in global real estate.

“Thanks to the generosity of Robert and Lauren Steers, students at the McDonough School of Business studying at the new Steers Center for Global Real Estate will participate in a transformative program that provides an opportunity to engage the world of real estate through a very practical approach,” said David A. Thomas, dean of Georgetown’s McDonough School of Business. “The Steers Center will elevate the school toward its aspiration of becoming the premier destination for global business education.”
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Congressional Testimony
Jonathan Gray Honored as 2015 Real Estate Luminary, April 23
The Steers Center for Global Real Estate convened industry leaders for its annual Luminaries Series event held at Georgetown McDonough on April 23. Jonathan Gray, global head of real estate for Blackstone, was honored as the 2015 Luminary. Gray spoke to a standing-room-only audience of real estate professionals and Georgetown McDonough students about investing in global real estate. Additional high-profile speakers included Terry Brown, chairman and CEO of EDENS; Lammot du Pont, co-founder of DuPont Fabros Technology, Inc. and chairman of the Board of Directors of DuPont Fabros Technology; Michael Graziano, co-head of real estate development, Goldman, Sachs & Co.; Roy March, CEO of Eastdil Secured; Robert H. Steers, CEO, Cohen and Steers, Inc.; and W. Edward Walter, Robert and Lauren Steers Chair in Real Estate at Georgetown McDonough and CEO of Host Hotels & Resorts, Inc. If you weren’t able to join us in person, watch the Luminaries event online.
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Alumni Spotlight: Ronald Kravit (B'79)
Ronald Kravit (B'79) is the co-head of U.S. real estate investing and managing member of Cerberus Real Estate Capital Management, LLC, and senior managing director of Cerberus Capital Management. In this issue’s Alumni Spotlight, he discusses his career trajectory and how a Georgetown education helped shape it.

What do you enjoy most about real estate?
There’s always something new, the diversity of it all – it’s just fun. It requires a lot of skill sets: finance, marketing, accounting, strategy, even some psychology. The best part of Cerberus is that it’s a place where people with different investment expertise all work together. For example, we often look at private equity deals or corporate lending opportunities where there are significant real estate elements.
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Congressional Testimony
Cypher Speaks at John Carroll Weekend 2015
Matthew Cypher, director of the Steers Center, spoke with Peter Lowy, co-CEO of the Australia-based Westfield Corporation, at John Carroll Weekend 2015, held in April in Los Angeles. During the panel discussion, “Transforming the Face of Global Retail Real Estate,” Cypher and Lowy discussed the rapidly evolving nature of commercial real estate in today’s hyper-competitive environment where e-commerce and online retailers continue to gain prominence. Lowy shared his experiences leading Westfield with a business strategy that develops iconic shopping centers in major world markets that integrate fashion, food, leisure, and entertainment.
Hire a Hoya
Congratulations to the hardworking Hoyas who are spending their summers working alongside some of the best real estate professionals in the industry. Below is a select list of students who earned prestigious internships. Employment is critical to our success so if you have a job that you need to fill, please contact Nichelle Mason at nm703@georgetown.edu, and she will share it with qualified students and alumni.
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We're Hiring!
The Steers Center team is expanding! We are accepting applications for an Associate Director. This new hire will help advance the real estate discipline at the McDonough School of Business. The successful candidate has a passion for real estate education and students and wants to support the center’s mission to provide students with an industry-grade education that makes them uniquely competitive in the global real estate job market. If you can recommend an outstanding leader in the field, encourage them to apply online today!
Apply Online

Georgetown University McDonough School of Business

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