Schulich's Brookfield Centre in Real Estate & Infrastructure to Invest in Future Leaders in Dynamic and Growing Sector

TORONTO, ONTARIO--(Marketwired - June 16, 2016) - The Schulich School of Business at York University is pleased to announce today the establishment of the Brookfield Centre in Real Estate & Infrastructure, made possible by a generous $4 million donation from Tim Price and his wife, Frances Price, together with the Brookfield Partners Foundation.

The Brookfield Centre in Real Estate & Infrastructure will be supported by sector- related programming and a new Chair to be established in honour of Timothy R. Price's exceptional leadership and contributions to Canada's thriving real estate industry.

The Brookfield Centre will become the hub of real estate and infrastructure industry outreach, alumni engagement, research, teaching excellence and experiential learning at the Schulich School of Business. The establishment of the Brookfield Centre will also provide funding for new professorships and executives-in-residence, while creating new scholarships and student awards.

Mr. Price has been the Chairman of Brookfield Funds, a division of Brookfield Asset Management Inc., since 1997 and was Chairman of Brookfield Financial Corporation until December 2004.

Mr. Price has a longstanding association with the Schulich School of Business and York University. He has been a member of the Dean's Advisory Council at Schulich for more than 20 years and received the Outstanding Contribution to the Schulich School of Business Award in 2011. He is also a long-time member of the York University Board of Governors, has served as Chair of the York University Foundation Board of Directors, and is currently a Cabinet Member for Impact, York University's $500 million fundraising campaign launched earlier this year. He received the York University Bryden Alumni Award in 2004 and was nominated by Schulich to receive an honorary degree that York University awarded him in 2009.

"We thank the Price family and the Brookfield Partners Foundation for their generous gift and their strong support over the years," said Schulich Dean Dezsö J. Horváth. "The Brookfield Centre in Real Estate and Infrastructure will provide Schulich students with rewarding career opportunities in the growing real estate and infrastructure sector and will generate cutting-edge research that will help shape the strategies and policies adopted by business, government and non-profit sector leaders around the world."

"We at the Brookfield Partners Foundation are excited by this opportunity to develop future industry leaders and advanced expertise in real estate and infrastructure," said Mr. Price. "Frances and I are personally delighted to be able to contribute in a meaningful way to Schulich's 50-year legacy as a leading global management school as well as contributing to one of the world's leading real estate and infrastructure programs."

In addition to the announcement regarding the Brookfield Centre in Real Estate & Infrastructure, Schulich also announced the official launch of Canada's first 12-month Master of Real Estate and Infrastructure program - one of only a few programs of its kind in the world - with classes set to begin in January 2017. More information about the Master of Real Estate and Infrastructure program can be found on the MREI website.

Schulich has offered an MBA specialization in real estate since 1991 and expanded the Program in 2009 to include infrastructure to reflect growing international interest in addressing global infrastructure needs.

About Schulich

Known as Canada's Global Business School™, the Schulich School of Business in Toronto is ranked among the world's leading business schools by a number of global surveys. Schulich's MBA program is ranked #1 in the world by Corporate Knights, the world's largest circulation magazine with an explicit focus on Corporate Social Responsibility, in a global survey that identifies which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich's MBA program is also ranked #1 in Canada and among the world's leading schools by The Economist, Forbes, CNN Expansión and América Economía. Schulich is also ranked among the world's top 35 business schools for a career in investment banking in a global survey by eFinancialCareers.com. The Kellogg-Schulich EMBA program is ranked #5 in the world by The Economist and #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.

Global, innovative and diverse, Schulich offers business programs year-round at its state-of-the-art complex at York University; at its Miles S. Nadal Management Centre located in the heart of the Toronto's financial district; and at its new campus in Hyderabad, India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; Mexico City, Mexico; and Sao Paulo, Brazil. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has 27,000 alumni working in over 90 countries. The School pioneered Canada's first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America's first ever cross-border Executive MBA degree, the Kellogg-Schulich Executive MBA. In addition to Schulich's Master of Finance and Master of Accounting degrees, the School launched one of the world's first Master of Business Analytics and Master of Real Estate and Infrastructure degrees. Schulich's Executive Education Centre provides executive development programs annually to more than 10,000 executives in Canada and abroad.