Greybull Stewardship announced its acquisition of the Real Estate Institute (REI), an Illinois-based education provider that offers online and classroom courses in real estate. The REI was started in 1992 and has since expanded its educational offerings to the fields of insurance, mortgage, accounting and law.
The school provides the education necessary for students to meet the regulatory requirements in their professional field. With additional funding from the Greybull Scholarship, the REI will be able to expand its educational services to a rapidly growing housing sector.
In the announcement, Larry Toban, the new president of the REI, calls the funding a “game changer for the organization,” saying that the additional money will allow them to increase the number of employees and instructors. Mason Myers, founder of the Greybull Stewardship, says the new acquisition will help his fund grow in the “ever-expanding education market.”
With strong growth expected in the real estate sector through 2015, there will be plenty of students demanding the services of providers like the REI. According to a survey of 38 major real estate analysts by the Urban Land Institute (ULI), the transaction volume of commercial real estate will grow from $310 billion this year to $360 billion in 2015.
The survey found that the single-family housing sector is expected to grow for the next three years, with over one million single-family housing starts per year by 2015. ULI says that its real estate forecasts are more optimistic than those from its September 2012 survey.
Today’s students and real estate professionals will benefit from the REI’s ongoing support and the one-on-one assistance offered by instructors who have real-world experience in the field. The REI knows exactly what employers are looking for in new hires because it works closely with business managers and owners on the task of recruitment.
The REI prides itself on high-quality customer service that helps real estate professionals throughout the entire licensing process. They provide support to students who are taking licensing exams and keep track of student records to remind them about upcoming renewals.
The REI graduated more than 20,000 students from its programs in 2012 and over 115,000 students since its creation. After 20 years of specializing in licensing programs for the state of Illinois, their new funding will allow the REI to help many more students all over the country with its online continuing education programs.
Greybull Stewardship provides an innovative long-term investment structure for companies that want to expand. It calls itself an “evergreen fund” rather than a venture capital fund or private equity fund because it has no expiration date for its funding services. Mason Myers started the fund in 2010 to help high-potential businesses grow without the pressure of a short funding deadline.
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