article from: BizJournals.com
Developer gives $3M to launch 'green' real estate program
Washington Business Journal - by Ryan Sharrow Contributing Writer
A Baltimore developer has donated $3 million to become the namesake of a new "green" real estate program at the University of Maryland's flagship College Park campus.
The donation from John Colvin and his wife, Karen, will be used to create the Colvin Institute of Real Estate Development in Maryland's School of Architecture, Planning and Preservation. The donation will be used to create a new track in the program focusing on green design, sustainable development and energy financing.
Colvin, a University of Maryland graduate, is a principal at Baltimore-based real estate development Questar.
The new institute will be the academic home for the university's master's degree in real estate development track.
"The rules of the game are changing very quickly, and both the industry and higher education need to adapt," Colvin said in a news release.
The gift from Colvin is the largest in the history of Maryland's School of Architecture, Planning and Preservation.
The school's real estate development program has quickly expanded since launching in 2006. More than 75 students are currently enrolled in the program, up from a class of 12 in the fall of 2006, according to the school.
The university is in the midst of its latest capital campaign, dubbed "Great Expectations, the Campaign for Maryland." The school had raised $466 million as of January, nearly half of the $1 billion goal it hopes to hit by 2011.
Colvin is a senior fellow in the University of Maryland Executive Programs at the School of Public Policy.
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