The Real Estate Council Announced its 2011 Community Initiatives
Posted January 26, 2011
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The Real Estate Council announced its 2011 Community Initiatives investing $300,000 in cash leveraged by the pro bono professional services of its members at its Community Breakfast on January 20 at the Belo Mansion. These initiatives commit the intellectual capital of The Real Estate Council's members together with the funds of the organization matched by grants from its community partners to four key program areas: housing, education, job creation and the environment.
This year's partner organizations include ACCION Texas, Inc.; Builders of Hope CDC; CitySquare (formerly Central Dallas Ministries); Dallas Faith Communities Coalition; Family Gateway, Inc.; Jubilee Park and Community Center; Operation Relief Center, Inc.; The Dallas Foundation (Zero to Five Funders' Collaborative Fund); and Uplift Education.
Holt Lunsford of Holt Lunsford Commercial and TREC vice chairman, said, "The Real Estate Council thanks our Community Partners who helped provide financial support for our organizations. We appreciate the support of Bank of America Foundation; BBVA Compass Foundation; Citi Foundation; Embrey Family Foundation; Frost; Jackson-Shaw Foundation; JPMorgan Chase Foundation; Meadows Foundation; Union Bank Foundation."
Ross Perot Jr., chairman of both The Perot Group and Hillwood, was the keynote speaker. He told the audience that Texas is in a great position to recover from the economy. "We see great potential for Texas," Perot said, adding that there are excellent near-term opportunities for the residential builders. "It's a great time to build inventory, and we see builders prepared to build." For the investor market, Perot added that deal flow is accelerating.
"The build-to-suit is coming back, and these big companies moving into North Texas need large buildings," Perot said.
He also predicted that the Super Bowl this February will lead to more business and more corporate relocations to North Texas.
A special thanks to the breakfast sponsors: Alvarez & Marsal; Ernst & Young; Haynes and Boone, LLP; Holt Lunsford Commercial.
About The Real Estate Council:
Founded in 1990, The Real Estate Council (TREC) is a dynamic organization of more than 1,300 commercial real estate professionals and 500 companies representing 95% of the top commercial real estate businesses in North Texas. TREC pursues industry advocacy efforts on local and statewide public policy issues and works to improve the quality of life in Dallas with initiatives that address housing, education, job creation and the environment. Over the last 20 years, The Real Estate Council's FightNight, Giving Gala and Community Partners Program have raised more than $20 million. TREC is a leader of efforts shaping the future of Dallas including the original $1.5 million investment that spearheaded Woodall Rodgers Park, as well as $6.3 million in pro bono legal and title services and $250,000 in funding that helped create Dallas' Urban Land Bank. In 2010 the City of Dallas was awarded a $2.225 million U.S. Housing and Urban Development grant made possible by a $275,000 Transit Oriented Development study funded by The Real Estate Council and two of its Community Partners. Find out more at www.recouncil.com or by calling 214.692.3600.
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