SIOR's 2017 Student Real Estate Experience Scholars program participants

NEWS & NOTABLES

WASHINGTON, DC–During SIOR's 2017 Spring Conference held last week in New Orleans, David Hagan, president of SIOR Foundation introduced the four students participating in the 2017 Student Real Estate Experience Scholars program. He also unveiled two new SIOR Foundation programs.

The four students are Elizabeth Ming, a 2017 MBA Candidate at the University of Alabama, Spencer Kleweno, a Finance major at Oregon State University, Angelo Guo, a Business Administration and Economics major at the University of California at Irvine and Jason Clark, a Marketing/Real Estate major at the University of Alabama.

After the introductions, Hagan announced that the foundation launched the Small Chapter Development Program, which will provide $5,000 in unmatched funds for chapters with limited resources to host educational events and to identify opportunities to financially support students in their respective regions that are pursuing undergraduate and graduate CRE-related degrees from a college or university.

Another program the foundation has initiated is called Leveraging Matching Scholarship Funds, which will solicit universities to match SIOR's scholarship gifts. The program is being rolled out nationally after it was introduced earlier this year by the St. Louis SIOR Chapter.

DEAL TRACKER

RICHMOND–Master Yi's Olympic Taekwondo purchased a 15,000 square foot office/warehouse facility at 54 Plaza Dr. in Manakin Sabot within Goochland County, Va., for $940,000. Nathan Shor of S.L. Nusbaum Realty represented the seller in this transaction and Ellen Long and Michael Weisberg of Taylor Long Properties represented the buyer.

BALTIMORE, MD–House of Ruth Maryland, a domestic violence center, has purchased a second location at 2521 N. Charles St. Formerly home to the Baltimore Healthy Start program, the two-story, 16,000 square foot building will serve as a community center for HRM. MacKenzie SVP Karen Deeley represented the organization in the transaction.

RESTON, VA–Atlantic Realty Cos. is beginning construction on its $72 million, 230,000 square foot Hunters Woods at Trails Edge Senior Living Community project, located at 2222 Colts Neck Rd. Besides Atlantic Realty Cos., the development team consists of AEW Capital Management and IntegraCare. Avison Young senior housing expert Jim Kornick helped put the project together. The project, which will replace the former United Christian Parish Church with 210 units for senior living, is expected to deliver by January 2019.

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