Must be college sophomores, juniors or seniors and graduate level students.
Already enrolled or planning to enroll in full-time undergraduate or graduate study at an accredited four-year college, university, or graduate school.
Majoring or concentrating in real estate.
The Pension Real Estate Association (PREA) is offering scholarships who are Majoring or concentrating in real estate.
Applicants to the PREA Scholarship Program must be:
If selected as a recipient, the student will receive an award ranging from $500 to $5,000.
Awards are for undergraduate and graduate study and are one time only.
Interested students must complete the following application requirements:
In a one page essay of 500 words or less, state 1) Why you have decided to pursue a career in the commercial real estate industry (less than 100 words) and, 2) Why do institutional investors such as pension funds invest in real estate as part of a mixed or multi-asset portfolio? Discuss what you feel are the opportunities, risks, and challenges that investors may find in the real estate investment markets.
The essay question and name of applicant must be at the top of the written essay. The essay must be written as a Word or PDF document and emailed as an attachment to email@example.com by June 1, 2016. A hard copy of the essay must also be printed and submitted with the application. Note: Disregarding the word count guidelines will impact the evaluation of your essay.
Complete the application and mail it along with a current, complete transcript of grades, copy of the essay and copies of the first two pages of the most recently filed IRS 1040 tax form on which the applicant is either claimed as a dependent by a parent or is independent. The application and accompanying documents must be postmarked no later than June 1, 2016. Grade reports are not acceptable. Transcripts must display student name, school name, grade and credit hours earned for each course, and term in which each course was taken. Unofficial, student held transcripts may be sent.
Applicants will receive acknowledgment of receipt of their application. If an acknowledgment email is not received within three weeks, applicants may call Scholarship Management Services to verify that the application has been received.
Applicants are responsible for gathering and submitting all necessary information. Instructions for completing the Financial Data section of the application are included below. Applications are evaluated on the information supplied; therefore, answer all questions as completely as possible. Incomplete applications will not be evaluated.
Selection of Recipients
Scholarship recipients are selected on the basis of the written essay, academic record, demonstrated leadership and participation in school and community activities, honors, work experience, statement of goals and aspirations, unusual personal or family circumstances and an outside appraisal. Once scholarship recipients are selected, financial data is reviewed to determine the amount of each award, ranging from $500 to $5,000. Potential recipients who demonstrate no need will be eligible to receive an award at the minimum amount.
Applicant essays will be evaluated by a PREA committee with results submitted to Scholarship Management Services. Final selection of recipients is made by Scholarship Management Services. All applicants agree to accept the decisions of PREA and Scholarship Management Services as final.
Applicants will be notified in July. Not all applicants to the program will be selected as recipients. Students not receiving a scholarship may reapply to the program each year they meet eligibility requirements.
Payment of Scholarships
Scholarship Management Services processes scholarship payments on behalf of PREA. The payment is made in one installment on August 1. A check will be mailed to each recipient's home address and will be made payable to the school for the student.
Recipients have no obligation to PREA. They are, however, required to notify Scholarship Management Services of any changes in address, school enrollment, or other relevant information and to send a complete transcript when requested.
PREA reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.
The Pension Real Estate Association awards scholarships on an annual basis to promising students studying real estate at the undergraduate and graduate levels. The scholarships, awarded by PREA since 1994, are offered each year for full-time study in real estate at an accredited institution of the student's choice.