Real Estate Diversity Initiative (REDi)
The ULI MN Real Estate Diversity Initiative (REDi) Program helps participants learn more about what it takes to put together a successful development. Participants will receive a comprehensive curriculum and will gain experience working together on a real-world case study. Participants can further their careers by learning directly from real estate mentors about the challenges and opportunities in the local industry and apply lessons to a project as their group devises plans for development on a specific site. Each team will produce a development plan, pro-forma, and marketing plan. Chosen participants will engage in both large group and small group mentoring sessions. The ideal participant will be working in the field, have an undergraduate degree or equivalent experience and a strong entrepreneurial spirit.
Eligibility and Cost
- People of color and women are eligible to apply for the program.
- 100% attendance is required.
- Registration is $300 payable upon acceptance to the program.
- Free one-year membership to ULI Minnesota, with access to more than 500 members working in many different areas of the real estate industry.
- Certificate of completion.
- Professional Real Estate Development: The ULI Guide to the Business textbook, By Richard Peiser and David Hamilton ($99.95 value).
- One-on-one mentoring and education worth more than $15,000.
- A new network of allied professionals.
Quotes from REDi Participants and Mentors
“The REDi program was an incredible professional development opportunity. It increased my proficiency, confidence, and passion for real estate development.”
Director, Minnesota DEED Office of Economic Equity and Opportunity and REDi Participant
“This program gave me the opportunity to explore, learn new things and meet extraordinary people. We studied some areas I had feared in the past, but this program allowed us an insider’s view to the process while providing information right at our fingertips and the best people across industries to walk us through and teach us along the way. You never know what you are fully made of until you start doing and understanding those things you feared the most.”
Property and Leasing Manager, U of M Foundation Real Estate Advisors and REDi Participant
“Being part of the REDi program was a true privilege. I was inspired by the participants’ strong commitment to learn something new while also offering their unique perspective on a challenging redevelopment site. The breadth of knowledge and talent among the groups was energizing to me personally. I believe this is one of the most important initiatives ULI MN members can support!”
Principal, Assembly Commercial Real Estate and 2017 REDi Mentor and Sponsor
2018 REDi Sponsors
SESSIONS ARE 2-3 HOURS AS NOTED. ALL SESSIONS END BY 4:30 PM
Session 1: January 9th
Kick off and Curriculum Introduction (2 Hours)
Session 2: January 22nd
Site visit and due diligence review (3 Hours)
Session 3: January 29th
Entitlements (3 Hours)
Session 4: February 5th
Working Session: Site Vision Creation (2 Hours)
Session 5: February 19th
Back of the Envelope Feasibility (3 hours)
Session 6: March 5th
Design (2 Hours)
Session 7: March 19th
Working Session 2: Design Charrette (3 Hours)
Session 8: April 2nd
Proforma Development (2 Hours)
Session 9: April 16th
Financing (Equity and Debt) (2 Hours)
Session 10: April 30th
Working Session 3 (2 hours)
Session 11: May 14th
Working Session 4 (2 Hours)
Session 12: June 4th
Working session 5 (2 hours)
Session 13: June 11th
Practice Presentations (2 Hours)
Session 14: June 18th
Working Session (2 Hours)
Session 15: June 25th
Final Presentations and Graduation (3 Hours)