The commercial real estate industry is starting to wake up to its diversity of problem. While the CRE industry has lagged behind other industries in addressing diversity, the most recent discussion about racial inequality is helping to spark change, according to Khalif Edwards, managing director and head of capital raising and investor relations at Cityview.

"I do think the recent discussion about racial inequality will help drive more diversity in the CRE industry," Edwards tells GlobeSt.com. "I am fairly optimistic that the CRE industry sees this as an issue that needs to be addressed and will commit the necessary resources and time to really effectuate change."

There isn't necessarily a single reason while CRE is so late to the conversation, but there are clear solutions to increase diversity throughout the industry. "A good first step is to educate minorities and people of color on the opportunities within the commercial real estate industry, including brokerage, capital markets, portfolio management, etc.," says Edwards. "Holding webinars and workshops to educate and highlight various career paths within the CRE industry is extremely important. Due to the CRE industry's lack of diversity in senior leadership positions, many young people of color don't have the role models and mentors, and quite frankly the network, that are needed to gain access to the industry."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.