Program to offer scholarships for students educational exposure to debt business and the opportunity to network with ACRE executives
ACRE, a global real estate private equity firm, and its partner Project Destined, a social impact platform that provides students in underserved communities with training in financial literacy, entrepreneurship and real estate, announced the launch of a training program focused on multifamily direct lending.
“Our industry provides a broad range of career alternatives that also enable you to impact your community. Our partnership with ACRE will ensure that these students are aware of these opportunities and ready to take on that challenge.”
The eight-week bridge program will afford students based in New York City with training in origination, fundraising, underwriting and due diligence. Accepted fellows will have the opportunity to join weekly bridge program sessions, earn scholarships and network with ACRE executives. Through Project Destined’s partnerships with NYU’s Schack Institute of Real Estate and Columbia’s Graduate School of Real Estate, students can also pursue a financial modeling certification during the program’s duration.
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ACRE is committed to responsible investing as a driving force behind achieving long-term growth and success for investors, communities, and the world at large. In addition to its partnership with Project Destined, the firm maintains a variety of active social impact initiatives in collaboration with local communities and organizations, including after-school and tutoring programs, food pantries, urban farms, support programs for youth and elderly, and financial support for residents of its properties.
“ACRE has always been a firm that plays an active role in fostering better outcomes for communities and the individuals that inhabit them, and we’re proud to apply those same values to our partnership with Project Destined,” said Daniel Jacobs, Managing Partner at ACRE. “We look forward to offering these promising young professionals the mentorship, guidance, and applicable skills related to multifamily lending to help them succeed, and ultimately create a stronger, more equitable future for the real estate industry.”
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“We are excited to partner with ACRE to introduce this incredible group of students to potential careers in multifamily lending and private equity,” said Project Destined Co-Founder Cedric Bobo. “Our industry provides a broad range of career alternatives that also enable you to impact your community. Our partnership with ACRE will ensure that these students are aware of these opportunities and ready to take on that challenge.”
Since its founding in 2016, Project Destined has worked with more than 5,000 participants in 35 cities across the U.S., Canada, United Kingdom and Europe. ACRE joins a growing list of partners that includes Wells Fargo, JLL, Newmark, Greystar, Hines, Eastdil Secured, and Brookfield Properties.
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