IU Gifts to Promote Diversity in Real Estate

Posted: Updated:
Al Oak (left) with Doug McCoy, director of Center for Real Estate Studies. McCoy's position will be named after the Oaks. (photo courtesy Indiana University) Al Oak (left) with Doug McCoy, director of Center for Real Estate Studies. McCoy's position will be named after the Oaks. (photo courtesy Indiana University)
BLOOMINGTON -

Indiana University says gifts to the Kelley School of Business totaling $500,000 will help foster more diversity among real estate professionals throughout the state. The gifts from Al and Shary Oak and Lacy and Patty Johnson will support internships and real estate-related programming.

The university says the funding will provide financial support for students during their internships, with a special emphasis placed on African-American and female students. It will also support the expansion of the real estate workshop at the Kelley school at IUPUI.

The gift will also name the directorship of the Kelley School's Center for Real Estate Studies after the Oaks.

"We're very excited and proud to receive these generous gifts from Al and Shary Oak and Lacy and Patty Johnson," said Idalene Kesner, dean of the Kelley School of Business and the Frank P. Popoff Chair of Strategic Management. "The support in naming the directorship will help take our real estate program to the next level. The gifts will also increase diversity, enhancing the experience for all students."

Additionally, the donors say they wish to use the gifts to honor three prominent Hoosiers:

  • Joyce Rogers, former president and CEO of the Indiana Black Expo and now vice president for development and external relations in the IU Office of the Vice President for Diversity, Equity and Multicultural Affairs.
  • Sarah Evans Barker, senior U.S. district judge for the southern district of Indiana.
  • John Tinder, a retired circuit judge of the U.S. Court of Appeals for the 7th Circuit.

Al Oak is the chief executive officer of Indianapolis-based design firm Cripe. Shary Oak serves on the company's board of directors. Lacy Johnson is a partner at Ice Miller LLP in Indianapolis. Patty Johnson is the former president of the Women's Assistance League in Indianapolis.

"We are proud to offer our support, with the Oaks, in order to foster diversity among students entering Indiana's real estate profession and, in doing so, honor prominent Hoosiers," said Lacy Johnson. "The immersive opportunities and financial support provided through the Center for Real Estate Studies at the IU Kelley School of Business enrich and strengthen the entire community."

  • Perspectives

    • How Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • How Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.

    • Historic Indy Building to Become Hotel

      A nearly 110-year-old building in downtown Indianapolis will soon have new life. Indianapolis-based real estate development firm Loftus Robinson is partnering with Kimpton Hotels & Restaurants in California to transform the former Odd Fellows building into a 130-room hotel with a signature restaurant. Financial terms of the project are not being disclosed, however the developer says the hotel is scheduled to open in early 2020 and create about 150 hotel and restaurant jobs.

    • Lessonly Announces More Growth

      Indianapolis-based Lessonly Inc. says a $2 million investment will create more than 100 jobs by 2020. The training software company says it will initially build on its current operations, but will look to expand its footprint in the city during the next five years. Last month, Lessonly announced an $8 million round of funding. The growth will more than double the current size of the Lessonly team. The new positions are expected to pay...

    • New Hotel Opens in Vincennes

      An $8.5 million hotel is now open in southwest Indiana. The 79-room Hampton Inn by Hilton Vincennes employs 21 associates. Hotel Development Services and Vincennes Hotel Developers LLC owns the property, which is managed by Indianapolis-based General Hotels Corp. General Manager Virgil Rasche says...

    • Second Vigo County School Funds Thief Convicted

      An accomplice in a theft of more than $110,000 from the Vigo County School Corp. has been convicted in federal court. Franklin Fennell, the district's former facilities director, will serve up to 20 years in prison for a scheme involving kick-backs on falsified work invoices. The office of United States Attorney Josh Minkler says Fennell and former Vigo County Sheriff's Department deputy Frank Shahadey worked with a local contractor to create and submit invoices that either included...