Morehouse College in Atlanta has announced a $3 million gift from Prologis in support of academic programs and research launched by the Morehouse Real Estate Institute.

The gift will create an endowed fund to expand opportunities for students of color to study real estate. The institute was developed by the Morehouse Division of Business and Economics to prepare rising Morehouse students and Atlanta University Center students to maximize their potential for growth, entrepreneurship, and financial prosperity in the real estate industry.

The institute aims to improve diversity within the ranks of management in the real estate industry, a sector in which racial representation for people of color has been lagging for decades. The new real estate classes, to be launched in 2024, will be open to all Atlanta University students, including underrepresented students of color at Morehouse, Spelman College, and Clark Atlanta University.

“This partnership with Prologis is an important step toward improving diversity in commercial real estate ownership and leadership,” said Morehouse president David A. Thomas. “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."

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