VCU news

By Leila Ugincius

The Virginia Commonwealth University School of Business announced today that the Greater Richmond Association for Commercial Real Estate (GRACRE) has increased its endowed scholarship fund for students in the school’s Kornblau Real Estate Program.

The additional backing brings the endowment’s total to $100,000 — the largest scholarship for VCU’s real estate students. Awardees are selected based on GPA.  

Robert Taylor, executive director of the Kornblau Real Estate Program at the VCU School of Business, announced the news during a meeting of VCU’s Real Estate Circle of Excellence, a group of real estate executives who advise on the quality and relevance of the school’s real estate program and offer student internships and scholarships, bringing practical real-world experience to the program.

“VCU is an excellent source of new talent for the next generation of real estate leaders and we are very proud of our partnership,” said Bob Hughes, the 2015 president of GRACRE, noting that GRACRE values its ongoing and special relationship with the Kornblau Real Estate Program, which dates back to when the scholarship was established in 2003.

GRACRE — an advocate for commercial property owners, developers and related professionals, comprising more than 450 area members — established the scholarship in 2003 with an initial $25,000. Since then, the organization has sustained an ongoing relationship with the VCU School of Business, most notably sponsoring the annual Real Estate Trends Conference. Its member businesses have hired VCU graduates and offered numerous internship opportunities.