NEW YORK CITY—Over 100 top local real estate executives are setto sleep outside in Times Square Thursday night tohelp draw attention to the plight of homeless teens and help themfind a way off the street.

The “Real Estate Executive Sleep Out,” organized by acommittee of real estate professionals is a first-time fundraisingevent here that will bring together those committed to spending onenight on the streets to support programs for homeless youth in NewYork. The event—which already has raised $202,838—was created inconjunction with Covenant House, a not-for-profit organization thatworks to improve the lives of homeless teens.

“We decided to form our own spin-off from national “SleepOuts” held by Covenant House that represent other industries,”says Matt Schmeelk, senior EVP at Kensington Vanguard NationalLand Services, who is the co-chairman of the “Sleep Out” Committee,along with Arvind Chary, managing principal at Atlas Real EstatePartners.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.