It was a nice summer, a group of real estate professionals in the big apple gathered at a restaurant in midtown New York. Many in the group have been friends for years since college. Whether graduated from NYU or Columbia, Harvard or MIT, over the years, the group stayed in touch and gathered regularly for industry update and business opportunities.
With the growing capital flow across boarders, particularly into the New York City, we feel that the timing is crucial for real estate professionals to engage in this process. While the organization is a real estate educational platform for global business collaboration, it also provides our members great opportunities to share market knowledge.
Our first seminar was hosted at Jack’s apartment, where Mr. Jim Schubiner, a knowledgeable real estate investor delivered the first presentation.
That was how ACRES was born, a name meaning the hundreds of thousands of square feet, and great potential. We hope that we could be a platform big enough, broad enough and deep enough to bridge the gap between real estate opportunities in US and China.
We’ve achieved a lot in the past few years. ACRES was formally incorporated as a non-profit 501(c)(3) organization in April 2016. Today, we have hosted many educational events ranging from panel discussions, educational seminars to real estate development site visits. We partnered with respected companies such as Related, SOM, Real Capital Analytics, Financial Times and DMG Development. Currently, ACRES has hundreds of members who are primarily English/Chinese bilingual real estate professionals.
Thank you, our friends, for being part of our growth journey. Let’s move ACRES forward together!