REDI ready for minority, women applicants

REDI is the Real Estate Diversity Initiative.

REDI available to minorities and women who want to further their real estate careers.

REDI application deadline is May 13.

REDI

Chris Coble, of Black Label Development, is shown leading a previous REDI tour in Five Points. Cable is a mentor at REDI again this year.

Minorities and women who want to further their careers in real estate and real estate development are encouraged to apply for the 2016 Real Estate Diversity Initiative.

Started in 2009, REDI is a partnership between the Denver Office of Economic Development and the Colorado District Council of Urban Land Institute.

The goal of the program is to help increase awareness of opportunities in the real estate industry among women and minority groups.

During the past six years, REDI has enhanced the real estate careers of 211 participants.

The program has driven several graduates into careers in economic development, affordable housing, suburban transportation development, commercial real estate development and management.

“Denver is proud to continue partnering with ULI Colorado to promote inclusivity and diversity within our local real estate profession,” said Denver Mayor Michael B. Hancock.

“Through this unique public-private partnership, we’re creating innovative solutions to advance opportunities for all to benefit from our city’s thriving real estate and development market.”

REDI students work with developers, architects, site planning professionals and finance experts on specific developments.

Past focuses have been to help determine the best developments for sites in Five Points, the West Colfax Corridor, Morrison Road and Holly Square in Denver.

This year the program will focus the learning project on redevelopment options for the Globeville Community Center site in north central Denver.

Those accepted for the program will work with mentors and architects to plan a development project on the site, using the new concepts and ideas they learn during the five-month program.

The program is open to minorities and women who have some knowledge of real estate concepts.

The application process involves completing a detailed questionnaire about the potential participant’s background, knowledge and experience in the industry and goals for involvement in the program. There is no cost to apply.

Participants selected will be required to pay $250 prior to the start of the session and commit to 100 percent participation which includes two meetings each month, in addition to other small group work sessions with class members.

Upon completion each protégé receives a certificate of completion, and a one-year membership in ULI Colorado where they may enhance their knowledge and participation in the industry through programs and networking opportunities. In addition to the membership, the mentoring, networking and expertise involved in the program is valued at more than $15,000 for each participant.

Continuing education real estate credits are also available to participants holding a real estate license.

REDI participants are also eligible to attend a classroom and online pro-forma development course taught by Jeff Engelstad of the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver.

The free course was first offered in conjunction with the 2015 REDI program.

The REDI program has become an integral part of ULI Colorado’s programming, according to ULI Colorado Chair Amy Cara of East West Partners.

“REDI has evolved into a premier program for improving diversity in the local real estate community,” Cara said.

“It is highly regarded by Urban Land Institute as a national model,” she added.

Mentors for the 2016 program include:

  • Ismael Guerrero, executive director of the Denver Housing Authority.
  • Kevin Marchman, former director of the Denver Housing Authority.
  • Chris Coble, owner and founder of Black Label Real Estate.
  • Mary Anderies of Anderies Consulting.
  • Kim Sperry of Amstar.
  • Anthea Martin, Walker and Dunlop.
  • Kate Hilberg from Habitat for Humanity of Metro Denver.

REDI sponsors include:

  • Wells Fargo.
  • Gary Communities/Piton Foundation.
  • Kutak Rock LLP.
  • the Colorado Housing and Finance Authority.
  • The Brighton Economic Development Corp.
  • The Franklin L. Burns School of Real Estate and Construction Management at the University of Denver.
  • Denver Housing Authority.
  • Urban Land Conservancy .
  • Hart Realty Advisors.

Applications can be found at colorado.uli.org.

For additional information about REDI contact the REDI coordinator, Cindy Christensen, at christensen487@msn.com or Sylvia Smith at the Denver Office of Economic Development at 720.913.1602. The application deadline is 5 p.m., Friday, May 13.

 Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. DenverRealEstateWatch.com is sponsored by 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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