Alabama Newscenter — ACRE Unveils Initiative to Improve Diversity in Alabama’s Real Estate Industry

By Cherie Moman
Alabama Center for Real Estate

Alabama Center for Real Estate (ACRE) at the University of Alabama has announced its groundbreaking REimagined diversity initiative, designed to bring more people from underrepresented groups into entry-level positions in the real estate industry.

While industries like healthcare and education have been quick to adapt and embrace a diverse population and workforce, the real estate industry is lagging. Only 16% of respondents in the 2020 CREW Network Benchmark Study: Gender and Diversity in Commercial Real Estate responded that 25% or more professionals in their workplace are BIPOC (Black, Indigenous and people of color).

There have been a lot of conversations and articles written on the need for diversity in real estate, but there are no initiatives designed to prepare and increase the participation of Black, Hispanic, Asian, Indian or multiracial people in real estate careers at scale.

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