Colvin Institute of Real Estate Development
The Colvin Institute supports the interdisciplinary approach of the MRED curriculum that comprehensively covers finance and capital markets, law and public policy, structure and site design, construction management, property, portfolio and asset management as well as marketing and commercial leasing. The MRED degree offers a comprehensive and collaborative approach to real estate education looking towards a sustainable future with an emphasis on the quadruple bottom line- that is development that is not only financially viable, but also environmentally respectful, socially responsible, and with a key 21st-century focus on beautiful and sustainable design.
MRED Students benefit from the program enhancements supported by the Colvin Institute. Field work and site visits are an integral part of the curriculum, taking full advantage of the vibrant development in the nation's capital and its suburbs, the redevelopment of the post-industrial port city of Baltimore, and the challenges of developing in the environmentally sensitive watershed of the Chesapeake Bay.
The Colvin Institute supports (1) guest lectures from prominent academics and professionals, (2) Symposium topics of current interest to the development, design and planning communities, (3) support for the Real Estate Review, a quarterly journal edited by the Director, which reflects the breadth of issues and topics of the comprehensive and collaborative academic RDEV program, and (4) study tours for students, to international venues.
The Colvin Institute was founded by a generous gift of John and Karen Colvin in January 2007. The Institute is named for John Colvin's mother, Neomie Colvin, who was Maryland's first female real estate broker. John, a successful commercial real estate developer, and his wife Karen, a professor at the University of Baltimore, provided the $3 million dollar endowment, ensuring the viability of a new generation of developers by enhancing and enriching the graduate programs in real estate development at the School of Architecture, Planning and Preservation.
About John Colvin
John Colvin is an alumnus of the University and a principal owner of Questar Properties. He has been engaged for years, giving back to the community and his industry. He has served as president of the Maryland chapter of the National Association of Home Builders, and served on multiple statewidecommissions under many Governors for the state of Maryland.
John Colvin sees his late mother, Neomie Colvin, as his greatest role model. She possessed only a high school education, but she shattered the glass ceiling. She first worked as a real estate appraisal, in 1935, and then agent, eventually becoming a premiere commercial real estate broker, developing a client list of Baltimore's most premier developers. John recalls, "She had a calculator for a mind." As a youngster, he watched his mother intently. "I learned early on that I didn't want to be the broker. I watched my mother work on transactions for years, then economic times changed and someone would pull the plug, Years later, he set his sights on the top decision-maker position. "I wanted to be the guy who made it happen or pulled the plug-the developer, the builder."
The Colvin Institute of Real Estate Development stands on the cutting edge of real estate education. "Location, location, location!" says Colvin, is a big draw. With the school less than five miles from the nation's capital, Colvin says, "I do not believe that there will be a real estate development program in the country that will have our access to the leaders of this industry." As he points out, "This region is an unparalleled laboratory for the study of real estate development. There is post-industrial Baltimore City, ripe with investment opportunities to the north, and the nation's capital with its monumental attractions to the south. There are classic aging suburban areas, the steep slopes of the Western Maryland mountains and the fragile estuaries of the Chesapeake Bay. The first planned city in America is being restored at historic St. Mary's City in Southern Maryland and there are Civil War battlefields in Central Maryland to be considered. Finally, Maryland encompasses the challenges of recreational and resort development from the ski slopes of Western Maryland to the Atlantic Coast beaches of the Eastern Shore. Indeed, virtually every development opportunity imaginable is right here."
His pride in the University of Maryland is personal, and profound, as he points out, "It is my privilege to give back to my alma mater and my chosen profession." Colvin is an asset to the University and the School, and to the students who participate in the RDEV program.
Monthly News from the Colvin Institute
The Real Estate Review
The Real Estate Review, a quarterly journal published by Thomson/Reuters, a large publisher of textbooks and legal reference materials, based out of Rochester, New York, has engaged Dr. McFarland, the School's Director of the Master of Real Estate Development (MRED) and the Colvin Institute of Real Estate Development to be the Editor-in-Chief of the Review. The MRED program and the Colvin Institute are focused on preparing the next generation of developers to recognize and promote the quadruple bottom line approach to real estate: Economic Viability, Social Responsibility, Environmental Sustainability, and Beautiful Design.
Since taking on the Review in late 2007, it has been returned to its original founding purpose and enlarged its focus beyond the traditional discussion of highly arcane and technical finance issues, to address the entire cycle of development and the myriad facets and related disciplines to real estate. Three Senior Editors solicit and edit material for alternating issues of the Review: Polly Nyberg, a consultant in design preservation and service issues based in Northern California, and Alan and Susan Ruby of Ruby Consulting, with offices in South Carolina and Alexandria, Virginia. The Review recently added two Associate Editors who solicit authors: Howard Kozloff, a developer consultant based in the New York City area, and Susan G. Ehrlich, a regional planning and housing consultant based in coastal California.
Submission guidelines and copyright requirements are available here in PDF form or from any of the Senior Editors or Editor-in-Chief McFarland. If you have an interest in serving on the Editorial Board, please contact Margaret McFarland, firstname.lastname@example.org.