Students studying real estate at the University of Arkansas at Little Rock will now have a new financial resource. The Arkansas Real Estate Foundation today donated $62,000, creating an endowed scholarship fund for real estate students at the university.
The scholarship, named the Arkansas Real Estate Foundation Endowed Scholarship,is designed for juniors or senior studying real estate who are Arkansas residents and have at least a 2.75 GPA. Recipients can use the scholarship for tuition, books, fees, or room and board.
According to Arkansas Real Estate Foundation president Stuart Mackey, endowing the scholarship is a way of both increasing education about real estate in Arkansas and investing in the future of the profession.
“We are charged with educating the public and practitioners about real estate, and we felt there was no better way to do that than to support an institution that is changing the future of our market,” Mackey said. “We are just excited to invest in the education of students in Arkansas.”
According to a UA Little Rock release, the university’s real estate program dates back the 1970s but has been revised in recent years. Starting in 2016, the real estate community has helped to revamp the program.
To graduate from the program, students must take classes in investment analysis, real estate, real estate finance and investment, real estate valuation and appraisal, real estate development and management, and real estate law, in addition to completing one of three tracks, which include professional selling, built environment or financing. See the full requirements here.