TUSCALOOSA, Ala. — Forty business leaders from within the construction, finance, sales, law and marketing sectors of the real estate community will comprise the new Leadership Council of the Alabama Center for Real Estate at The University of Alabama.
The Leadership Council, with representatives from around the state, held its inaugural meeting in Birmingham at the offices of Bradley Arant Boult Cummings, LLC. Julius Weyman, vice president and regional executive of the Federal Reserve Bank of Atlanta, presented an economic overview to the group.
The ACRE Leadership Council will provide input and oversight for the Alabama Real Estate Confidence Index, a quarterly survey under development to examine key indicators that influence the real estate industry.
By comparing expectations with current conditions on a quarterly basis, the results will provide accurate information on trends for the purpose of forecasting business objectives that pertain to real estate, said Grayson Glaze, executive director for the Alabama Center for Real Estate. Glaze said the real estate index will be patterned after the Alabama Business Confidence Index generated by the Center for Business and Economic Research at UA.
The mission of the ACRE Leadership Council is to focus on long-term growth and development of the Center and to provide insight and counsel on current market trends and future areas of concentration, while consulting and networking with industry peers to promote ACRE and its services and programs to Alabama’s real estate community, according to Glaze.
“The Culverhouse College of Commerce is fortunate to have the support of the real estate industry leaders that comprise the ACRE Leadership Council,” Glaze said. “Council members represent a wealth of expertise, resources and experiences. In effect, they are extensions of the center, a network through which our industry outreach is enhanced and enriched.
“We welcome partners who not only use the services and programs provided by the Center but who can also creatively envision how they can contribute to that work and benefit from their involvement.”
ACRE Leadership Council appointments are two years with members convening twice annually. The next meeting will be held prior to the 10th Annual ACRE Conference on Friday, Jan. 29, at the Cahaba Grand Conference Center in Birmingham. Sen. Richard Shelby will be the keynote speaker. The conference will also provide attendees with the opportunity to receive continuing education credit.
Contact
Grayson Glaze, executive director, Alabama Center for Real Estate, 205/348-4117, gglaze@cba.ua.edu; Bill Gerdes, media relations, 205/348-8318, bgerdes@cba.ua.edu