Hosanna Mahaley
Legacy RED Group
REDI STEERING COMMITTEE CHAIR
The ULI Cleveland Real Estate Diversity Initiative (REDi) helps emerging developers learn about what it takes to put together a successful development.
Have you wondered what it takes to be a real estate developer? Would you like to add real estate development skills to your existing career portfolio? Are you a woman, LGBTQ+, and/or a person of color? If you answered YES, the Real Estate Diversity Initiative (REDI) is for you!
The Real Estate Diversity Initiative (REDI) is a comprehensive real estate development training and mentorship program for people of color, women, and LGBTQ+ individuals. The curriculum covers the spectrum of the real estate development process.
The ideal participant will have, at minimum, knowledge or interest in real estate, an undergraduate degree, a strong entrepreneurial spirit, and a desire to engage in real estate development. Competitive applications will demonstrate sufficient career experience to do well in the program, a strong commitment and desire to participate in the program, and supportive references. A panel consisting of representatives from the Urban Land Institute will select individuals for the 2024 class, which will kickoff in June 2024.
Thirty participants step into the role of a real estate developer, gaining direct knowledge and experience working in teams to produce a development plan, pro-forma, and marketing plan for a real project.
Participants are taught by a volunteer faculty of experienced, multi-disciplinary, top-tier practicing real estate professionals serving as instructors, mentors, and facilitators who share market-based knowledge and the wisdom from their experience.
The program concludes with REDI teams presenting their proposals to a panel of real estate professionals who engage the participants and provide constructive feedback.
Participant Requirements:
Participant rewards (upon successful program completion):
2024 Application Process
The 2024 applications are now available online here. All applicants will be scheduled for a 15-minute interview with a REDI program leader and program selections will be announced in May.
REDI Program Schedule 2024
Classes are scheduled on Tuesday’s from 6:00-9:00 pm. Tuesday, July 4 and Tuesday, September 5 will be skipped due to the holiday.
Select program mentors are listed below:
In-Person Kickoff Reception, June 4
Session 1: Curriculum Introduction, June 11
Session 2: Site Analysis & Due Diligence, June 18
Session 3: Site Planning & Governmental Approvals, June 25
Session 4: Market Analysis & Cost Estimates, July 9
Session 5: Team Working Time, July 16
Session 6: Real Estate Pro Forma 101, July 23
Session 7: Project Funding, July 30
Session 8: Finance, August 6
Session 9: Team Working Time, August 13
Session 10: Managing Construction, August 20
Session 11: Post Construction, August 27
Session 12: Practice Presentations, September 10
Session 13: Final Presentations, September 17
Graduation: September 24
For additional information about the REDI program, please contact the REDI Co-Leaders:
Hosanna Farr Mahaley, Chief Executive Officer, Legacy RED (Real Estate Development), [email protected]
Rhoni Thompson, President/CEO at R.L. Cole Enterprise, [email protected]
This is your opportunity to further your career by learning directly from real estate mentors about the challenges, opportunities, and best practices in the real estate development industry.
Sponsorship Opportunities
Through the generosity of our REDI sponsors, we are able to offer this course for a reduced registration fee. Help support ULI Cleveland’s Real Estate Diversity Initiative by learning more about sponsorship opportunities online here. REDI sponsorships run on a calendar year from January-December.
Legacy RED Group
REDI STEERING COMMITTEE CHAIR
R.L. Cole Ent.
REDI STEERING COMMITTEE CHAIR
NHK Companies
Broker, The Robert Weiler Company
THP Limited
Principal, Milestones Partners and Associates
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