Prologis Inc. (NYSE:PLD), a San Francisco-based real estate investment trust, has awarded a $3 million gift to Morehouse College, a historically Black institution in Atlanta, to support academic programs and research launched by the new Morehouse Real Estate Institute.
The Institute was developed by the Morehouse Division of Business and Economics to prepare students for careers in the real estate industry. The new real estate classes, which will be available in 2024, will be open to all Atlanta University Students, which includes underrepresented students of color at Morehouse, Spelman College and Clark Atlanta University. The Institute’s students will study the fundamentals of real estate and learn about the benefits of investing in commercial and residential properties to build wealth, and it will also serve as a pipeline for internships, entrepreneurship, and social change in the real estate industry.
“We are excited to partner with Morehouse College in the creation of its Real Estate Institute,” said Hamid R. Moghadam, Prologis co-founder, chairman and CEO. “We take our leadership role in this industry seriously and believe that this collaboration will help cultivate a diverse pool of talent to the benefit of the entire commercial real estate industry.”
“On behalf of Morehouse College and the Board of Trustees, I’d like to thank the Prologis Foundation for investing in the Morehouse Real Estate Institute and helping the college to expand its academic pathways into growth industries,” said Morehouse President Dr. David A. Thomas. “This partnership with Prologis is an important step toward improving diversity in commercial real estate ownership and leadership. The Morehouse Real Estate Institute will become a talent pipeline that will prepare rising Morehouse Men and Atlanta University Center students to compete for top jobs as future real estate agents, brokers, executives, and entrepreneurs.”
Photo: Hamid R. Moghadam, co-founder, chairman and CEO of Prologis, with Morehouse President Dr. David A. Thomas.
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