Rutgers Business School has picked University of Wisconsin professor Morris Davis to be the top academic official at its new real estate program, the university announced.
Davis, a real estate and urban land economics professor at Wisconsin School of Business, will hold the Paul V. Profeta Chair in Real Estate as part of Rutgers’ plan to establish a teaching and research platform in what is one New Jersey’s most important industries. An investiture ceremony is scheduled for Sept. 23 in Newark, according to a story on Rutgers’ media relations website.
The school’s Newark campus announced last year that it would launch an MBA concentration in real estate, thanks to a new $3 million endowment to establish a chair in the field. The position is named after Paul V. Profeta, president and owner of West Orange-based Paul V. Proteta and Associates Inc., who donated $1.5 million to the post.
The appointment of Davis will allow Rutgers to start building its academic offerings in earnest.
Davis, who earned his doctorate in economics at the University of Pennsylvania in 1998, has held the James A. Graaskamp Chair in Real Estate at the Wisconsin School of Business since 2010, according to Rutgers’ website. He began serving as academic director of the business school’s Graaskamp Center for Real Estate in 2011.
“I’m very honored and excited to be the first real estate chair at Rutgers,” Davis told Rutgers media relations department. "This is an opportunity to build a top real estate program in the middle of some of the top real estate in the world.”
The endowed chair also allowed Rutgers to create the Center for Real Estate Studies. Last summer, longtime real estate and banking executive Ronald Shapiro was appointed the center’s executive director.
“That Profeta chair is here to get Rutgers to be the NYU and Wharton in New Jersey, for real estate,” Shapiro told NJBIZ last month. “They want to have not only excellence in teaching, they want this to be a major research facility for real estate.”
Davis and Shapiro will develop an undergraduate and MBA real estate program, forge connections with the industry and work to establish the Rutgers brand for real estate study, the university website said.
ALSO ON NJBIZ: