NYU School of Professional Studies Appoints Marc Norman as Larry & Klara Silverstein Chair in Real Estate Development & Investment, and Associate Dean of the Schack Institute of Real Estate
A Renowned Urban Planner and a 25-year Veteran in the Field of Community Development and Finance, Norman Will Play a Visionary Role in Advancing the Schack Institute’s Established Programs and New Initiatives in the Field of Urban Development
After an extensive nationwide search, the NYU School of Professional Studies (NYU SPS) today announced the appointment of Marc Norman as Larry & Klara Silverstein Chair in Real Estate Development & Investment, and Associate Dean of the Schack Institute of Real Estate, effective July 1, 2022. A renowned urban planner and a veteran in the field of community development and finance, Norman will focus the Schack Institute on educating the next generation of diverse leaders in real estate and urban development in New York City, across the US, and around the globe, taking an interdisciplinary approach on critical issues including housing, economic development and design, sustainability, and property technology. He will build upon the Schack Institute’s stellar reputation in the fields of commercial real estate and construction management, and expand its scope and its impact as a thought leader and innovator.
“We are thrilled to welcome Marc Norman to the NYU SPS Schack Institute of Real Estate. Under his leadership, the Schack Institute, will become the preeminent home in the country for the interdisciplinary study of real estate and urban development,” said Angie Kamath, dean of the NYU School of Professional Studies. “He will create and implement student centered approaches, build strong industry collaborations, and utilize expertise across the NYU SPS disciplines to develop academic content that is relevant and that addresses critical changes occurring in cities and in society as a whole. In addition, he will continue to build upon the important work the Schack Institute is doing to ensure that diversity and inclusion is part of its core mission and leads to a more diverse, equitable, and inclusive future for the industry.”
“The long history and reputation of Schack, provides the infrastructure on which to build new programs and create new collaborations. I am excited to join such a dynamic institute embedded in an amazing university,” said Norman, who is the founder of the consulting firm “Ideas and Action,” faculty director of the Weiser Center for Real Estate at the Ross School of Business, an associate professor of practice at the University of Michigan, and director of Real Estate Initiatives at the Taubman College of Architecture and Urban Planning. Previous to his current positions, he held leadership positions at Duvernay+Brooks, as managing director; Deutsche Bank as vice president in the Community Development Finance Group; and led Upstate, A Center for Design, Research and Real Estate at Syracuse University. He has worked collaboratively to develop or finance over 2,000 units totaling more than $400 million in total development costs. Norman recently completed his chairmanship of the Federal Reserve’s Community Advisory Council and serves on a variety of other boards.
“To be responsive and nimble, the real estate industry is already embracing community and urban development, affordable housing and equity as part of the new normal. Marc Norman will play a critical role in ensuring that the Schack Institute remains at the forefront of the changes taking place, seeing them as opportunities from which cities, people, and our students can benefit,” said James Kuhn, president and head of investor services at Newmark, and chairman of the Schack Institute of Real Estate advisory board.
Norman works nationwide with cities, for profit, and non-profit projects related to economics, wealth building, and equitable development. At Michigan his teaching and research includes how public private partnerships can create equitable outcomes and how disruptions in real estate inform how real estate fundamentals are taught. Engaged in numerous public and academic service activities, he has served as a board member for a variety of non-profit, governmental and community organizations addressing issues of affordable housing, economic development and design. He currently is serving on the board of MASS Design Group, CAMBA Housing Ventures, and as chair for the Federal Reserve’s Community Advisory Council. Norman earned a Master of Arts in Urban Planning from the University of California, Los Angeles Graduate School of Architecture and Urban Planning; and a Bachelor of Arts in Political Economy of Industrialized Societies from the University of California, Berkeley.
“Marc Norman, brings a wealth of experience to the Schack Institute of Real Estate, as well as a fresh perspective that focuses on the emerging sectors, which will drive the real estate and construction management industries for years to come,” said David Hirsh (’90), retired managing director of Blackstone, and vice chairman of the Schack Institute of Real Estate advisory board. “We very much look forward to welcoming him this summer and to continuing to build upon the Schack Institute’s reputation as an innovator in real estate education.”
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About the NYU School of Professional Studies Schack Institute of Real Estate
The NYU School of Professional Studies (NYUSPS) Schack Institute of Real Estate was founded in 1967 at the initiative of prominent members of the New York City real estate community, who encouraged NYU to establish an academic center that would provide a world-class education for industry professionals. Nearly 50 years later, the Schack Institute is at the forefront of real estate education and is recognized globally as one of the world’s leading centers of real estate research and pedagogy. Across the Institute’s graduate degree programs—notably the MS in Real Estate, the MS in Construction Management, and the MS in Real Estate Development—as well as a rapidly expanding undergraduate degree program, enrollment has grown to more than 800 full- and part-time students from across the United States and nearly 50 other countries. In addition to its flagship degree programs, thousands of working professionals enroll in the Schack Institute’s executive education, diploma, and career advancement programs each year.
An anchor of real estate academia’s engagement with industry, the Institute is home to the REIT Center, the Center for the Sustainable Built Environment, and the newly established Urban Lab. In addition, the Institute hosts national industry events, including annual conferences on real estate capital markets and the REIT sector. Under the direction of the Schack Institute’s faculty, ongoing applied research at the Institute spans an exceptional range of issues in real estate development and investment, urban economics, and market structure and regulation. To learn more about the Schack Institute of Real Estate visit: sps.nyu.edu/schack
About the NYU School of Professional Studies
For 87 years, the NYU School of Professional Studies (NYU SPS) has been a deeply respected institution of higher education that is grounded in applied learning. From its early years, training returning World War II veterans to fulfill the nation’s urgent need for skilled technical workers, it has evolved into a professional education powerhouse that offers 22 graduate degrees, 14 bachelor’s degrees for traditional and post-traditional students, four associate’s degrees, and a plethora of continuing education courses and credentials.
NYU SPS is a thought leader, and serves as an incubator for new ideas in industries that are constantly changing, including real estate, real estate development, and construction management; hospitality, tourism, travel, and event management; global affairs and global security, conflict, and cybercrime; global sport and sports business; publishing; marketing; public relations; project management; executive coaching and organizational consulting, human resource management and development, and human capital analytics and technology; management and systems; translation; and professional writing. It is focused on building skills that open doors to opportunities in emerging fields and global markets. NYU SPS faculty members are leading experts in their areas of discipline, with a hands-on approach that encourages students to push beyond their limits and to break new ground.
Home to some of the largest and most prestigious industry conferences in the world, including the Schack Institute of Real Estate’s Capital Markets Conference, REIT Symposium, and National Symposium of Women in Real Estate; and the Jonathan M. Tisch Center’s International Hospitality Industry Investment Conference, the School’s invaluable connections to industry leaders is a truly distinguishing factor in the education that it provides. Through career development services and resources provided by the NYU Wasserman Center for Career Development at NYU SPS, guest lecturers, site visits, participation in numerous conferences and events, and Global Field Intensives, students benefit from an NYU education that will set them apart. In addition, they have the opportunity to learn from and network with more than 39,000 NYU SPS alumni who live, work, and contribute to innovation in industry around the world. To learn more about NYU SPS visit: sps.nyu.edu.