Real Estate Asset Program

The nation's 1st undergraduate-only in-classroom real estate investment program

After 13 years of dreaming and 2 years of intensive planning, the Center for Real Estate at ÏòÈÕ¿ûÊÓƵ, supporting one of the university’s top-ranked undergraduate programs, launched the nation's first undergraduate classroom-based applied learning program in 2021: The Real Estate Asset Program (REAP).  REAP’s inaugural cohort began in the Spring of 2022. 

Adding to this impressive roster of experiential learning opportunities in the College of Business Administration, REAP’s applied learning model further sets Marquette's real estate program apart from other undergraduate programs, leading to more successful graduates, more engaged alumni, and more supportive industry partners.

 

The REAP application process is currently closed. Students interested in applying for the REAP class of 2027 (sophomore standing during the 2024-2025 academic year) should indicate interest by contacting REAP Director Vito Taphorn at vito.taphorn@marquette.edu. The application window will re-open in February 2025.

Guidelines for Applying to the Real Estate Asset Program (Spring 2025)

  • Fill out the entire application
  • Complete both essays (500 words or less)
  • Attach your resume in the correct format (PDF and file name "Resume_Last Name_First Name")
  • Attach your graduation checklist (file name "Grad_Last Name_First Name")
  • Include a letter of recommendation from someone outside the ÏòÈÕ¿ûÊÓƵreal estate program, and either have the letter emailed to Vito Taphorn or attached in the application (file name: "LOR_Last Name_First Name")

 

 

REAP - A UNIQUE OPPORTUNITY FOR UNIQUE STUDENTS

  • ÏòÈÕ¿ûÊÓƵreal estate majors in their junior year are eligible to apply to participate in REAP. REAP’s mission is to provide an applied-learning environment for a select group of real estate program students in which they gain real-world experience in investment sourcing, underwriting, closing, management, and investor reporting. Participants will make investment recommendations to the investment committee, with oversight of a more than $2 million pledged-fund of equity for investment, based on their analysis.
  • Working with the REAP program director and investment committee as well as industry professionals, REAP students will apply their classroom training to make equity investment recommendations in actual real estate and then manage the ongoing investor reporting on behalf of investors.Visualization of REAP components

REAP – CURRICULUM AND ACADEMIC REQUIREMENTS

Prerequisite courses:

  • Introduction to Commercial Real Estate (REAL 3001)
  • Commercial Real Estate Finance (REAL 4002/FINA 4002)

REAP’s specialized curriculum:

  • Applied Real Estate Asset Management and Modeling (3 credits) - Students are prepared for active investing in real estate property by re-underwriting past and existing deals to learn the acquisitions and asset management process and investor reporting.
  • Intermediate Real Estate Investing (3 credits) —Students refine their skills through intensive underwriting of new deals and in-depth learning of the due diligence and market analysis process.
  • Advanced Real Estate Investing (3 credit)—Students polish their skills, complete any deals, transfer portfolio reporting, and provide mentoring to the incoming cohort of REAP students

REAP 2023 cohort

Photo: REAP Cohort 2023 (L to R: Reed Casper, Benj Van Handel, Jackson Gearen, Grace Vanden Heuvel, Annie McDonough, Leigh Steiner, Melissa Variny, Gabby Boester, Harry Oatway, Vito Taphorn)

 

Watch REAP student and ÏòÈÕ¿ûÊÓƵ alumnus Ava Villarreal (Bus Ad '24) discuss the REAP investment portfolio during the 2024 ÏòÈÕ¿ûÊÓƵReal Estate Strategies Conference (May 1, 2024)

The Real Estate Asset Program is made possible through the generous support of the following individuals:

  • Michelle Panovich, MichDon Investments; retired, Mid-America Asset Management (Investment Committee Chair)*
  • Pat Biernacki, Bus Ad ’08, Millennial Residential, LLC*
  • Trisha Connolly, Arts ’07, Catal Capital*
  • Steve Disse, Bus Ad ’86, Colliers International*
  • Molly McShane, The McShane Companies*
  • John Petrovski, BMO Harris Bank, N.A. (retired)*
  • Perry Vieth, Bus Ad '79, Ceres Partners LLC*
  • Christopher Hughes, Bus Ad ‘88
  • Walt Rebenson, Bus Ad ‘81
  • Michael Klein Family
  • Robert Kuesel

*Denotes members of the REAP Investment Committee.

For more information or to indicate interest in the program, please contact Vito J. Taphorn, Director, Real Estate Asset Program.