The W. P. Carey Foundation announced its commitment of $25 million to expand the depth and scope of the real estate program at Arizona State University’s W. P. Carey School of Business.
The foundation’s investment will be used the finance the launch of an undergraduate real estate degree program in fall 2025. It will also introduce an experiential learning lab devoted to real estate and establish the W. P. Carey Distinguished Chair in Real Estate and Finance while recruiting new faculty for the program.
The new commitment expands the W. P. Carey Foundation’s gifting to the school to more than $100 million.
“The new W. P. Carey Center for Real Estate and Finance will build on the existing Master of Real Estate Development program and will bring together preeminent academics, industry practitioners, and students to be at the forefront of real estate and finance,” said William P. Carey II, chairman of the W. P. Carey Foundation. “By empowering students with essential knowledge, skills and professional networks, we aim to inspire and prepare the next generation of leaders in the real estate and finance industries.”
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