SOURCE: CCIM Institute

CCIM Institute

June 01, 2016 16:00 ET

CCIM Institute and VA Unite on New CCIM Vets in Real Estate Program

Using GI Benefits, Vets Can Receive CCIM Institute Training Through GI Bill to Prepare Them for Commercial Real Estate Careers

CHICAGO, IL--(Marketwired - June 01, 2016) - U.S. veterans have honed good skills applicable in many industries, but often they need further specialized training to enter new careers. CCIM Institute, a recognized expert in commercial real estate education, is uniting with the U.S. Department of Veterans Affairs to offer vets its rigorous commercial real estate professional education funded through the GI Bill.

The new CCIM Vets in Real Estate Program aims to expand the career opportunities for vets at top commercial real estate firms such as Marcus & Millichap, Ten-X, and Colliers International. As members of the CCIM Institute Advisory Council, these companies are developing a bona fide path to gainful employment for CCIM-educated vets in the profession. While the U.S. unemployment rate in March was 5 percent overall, unemployment for vets rose to 6.3 percent. The executive office of President Barack Obama reported in 2014 that between 240,000 to 360,000 men and women leave the U.S. military annually.

"CCIM courses will give vets an immediately applicable body of practical knowledge to launch their careers in commercial real estate," says 2016 CCIM Institute President Steven Moreira, CCIM. "We are working with several high profile firms to help vets find good career opportunities and assist their successful entry into the commercial real estate profession. Additionally, this opportunity is not exclusive to large firms. We are reaching out to local and regional firms as well that are looking for new hires. The vets have sacrificed for us, now it's our turn to help them."

The commercial real estate profession is graying, experts report, with an average practitioner age of 60 years. The field needs an annual influx of 25,000 new professionals both to replenish those who are retiring and to meet the uptick in demand. According to the National Association of Realtors, the median annual income of commercial Realtors was $126,900 in 2014 compared to the median U.S. household income of $51,939 in 2014, according to the U.S. Census Bureau.

Currently, CCIM Institute has about 125 students who are veterans. Over time, this initiative is expected to significantly boost that number. For the launch of CCIM Vets in Real Estate Program, vets are approved to take CCIM courses at the Levine Center at CCIM Institute headquarters in Chicago. Students who are vets may apply for stipends to pay for transportation, hotel, and meals. As the program evolves, the Institute will look to secure approval of more classroom locations nationwide.

"At Ten-X, we are always looking for ways to invest in strategic talent pipelines, and we view our nation's veterans and their loved ones as one such talent channel," says Chris Galy, chief people officer at Ten-X in Belmont, Calif. "Partnering with CCIM Institute to build a deeper bench of self-motivated, highly dependable, and dedicated service members is a huge opportunity to fuel our future growth. This just isn't about supporting veterans. It's great business."

To find out more details, go to www.ccim.com/education/veterans/

Learn more about the CCIM Institute's education and designation program at www.ccim.com

About the CCIM Institute

Since 1967, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 160 classroom hours and professional experiential requirements. The CCIM curriculum was redesigned in 2010 to reflect changing student demographics and real estate brokerage services, growth in international markets, new technologies, and new delivery models. The core curriculum addresses financial analysis, market analysis, user decision analysis, investment analysis, and negotiation -- the cornerstones of commercial investment real estate.

An affiliate of the National Association of Realtors®, the CCIM Institute also provides members with powerful technology tools including the Site To Do Business, an online site analysis and demographics resource.

Currently, there are nearly 10,000 CCIMs in 1,000 U.S. markets and 31 additional countries, with another 3,000+ practitioners pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. Visit www.ccim.com for more information.

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