Labs & Centers
MIT has received one of the largest gifts in its history, from alumnus Samuel Tak Lee ’62, SM ’64, to establish a real estate entrepreneurship lab that will promote social responsibility among entrepreneurs and academics in the real estate profession worldwide, with a particular focus on China. The gift will fund fellowships to attract both U.S. and international students; will support research on sustainable real estate development and global urbanization; and will make the lab’s curriculum available online to learners worldwide via MITx.
The new Samuel Tak Lee MIT Real Estate Entrepreneurship Lab will be housed in MIT’s Department of Urban Studies and Planning (DUSP) and the Center for Real Estate (CRE). The CRE investigates the real estate transaction from initial concept to market reality through a cross-disciplinary lens, including design, urban planning, environmental studies, construction, management, economics, finance, policy and regulation, and the law. MIT is a pioneer in the study of real estate, becoming the first university to offer a Master of Science degree in real estate development in 1983.