Professionalizing the Real Estate Industry
A critical lack of affordable housing in Israel was one of the main factors behind the widespread social protests that swept the country during 2011-2012. The protests have since quieted down, but new construction has yet to catch up with public demand due to regulatory, bureaucratic and other problems confronting the Israeli real estate industry.
Recognizing that a healthy real estate market is essential for a thriving economy, Israeli businessman Alfred Akirov, a longtime TAU supporter and former member of the TAU Executive Council, has established the Alrov Real Estate Research Institute at the Faculty of Management—Leon Recanati Graduate School of Business Administration.
The new institute, to be headed by Prof. Eli Amir, will engage in advanced research and market analysis, teach students and practitioners state-of-the-art entrepreneurial skills, and collaborate with similar real estate institutes around the world. The institute will also encourage young talent in the field by awarding scholarships to master, doctoral and post-doctoral candidates.
“The Alrov Real Estate Research Institute will disseminate theoretical and practical knowledge to students, experts, entrepreneurs and managers and help strengthen transparency and professionalism in the industry,” said Dean of Management Prof. Asher Tishler.
Alfred Akirov is a prominent figure in the Israeli and international business arenas. He serves as Chairman of the Alrov Group, which he founded in 1978.
A TAU Governor and 2007 Honorary Doctor, Akirov has drawn leading figures from the country's business community into university activities, first as President of the Israeli Friends of TAU (2002-8) and then as a member of the TAU Executive Council. He founded the Akirov Fellowship Program for Excellence in Economics and Business Administration, which provides scholarships to outstanding graduate students at TAU’s Eitan Berglas School of Economics and the Faculty of Management. He also established the Alfred Akirov—ALROV Institute for Business and Environment, among other projects.
Upon signing the agreement with Mr. Akirov, TAU President Joseph Klafter praised the initiative, saying that it would act as an important bridge between academia and the real estate industry and its management.