Commercial developer Childress Klein Properties is giving $2.5 million to UNC Charlotte’s Center for Real Estate. The donation will fund an endowed professorship, faculty fellowships, and professional training programs for master’s-level students at the soon to be renamed Childress Klein Center for Real Estate.
The gift was announced Wednesday afternoon at UNC Charlotte Center City at an event heavily attended by university officials and real estate and business community professionals. The center provides regional and national research on real estate and urban economics, a degree program offering a Master of Science in real estate, and related outreach activities.
Don Childress and Fred Klein, senior managing partners of Childress Klein, made the announcement alongside UNC Charlotte Chancellor Philip L. Dubois and Belk College of Business Dean Steven Ott.
“My goal is that our modest gift will help all the students and researchers continue in this great industry,” Childress said.
The donation is the largest single gift to the decade-old center, which has so far raised some $5.5 million for its programs.
“I hope this gift will encourage others to give and will lead to us having the finest real estate program in the Southeast,” Klein said.
Childress Klein has developed more than 42 million square feet of office, industrial, retail and multifamily properties in major markets throughout the Carolinas, Virginia, Tennessee, Georgia and Florida.