Billy Harbert (Courtesy Emory University)

Emory University’s Goizueta Business School announced April 18 that it has received a $5 million gift from esteemed alumnus Billy Harbert, a leader in the construction and real estate industries.

According to a press release, the gift will establish the BL Harbert Real Estate Center. The new center will capitalize on Atlanta’s thriving real estate market, which is rapidly expanding with commercial and residential developments.

Harbert, chairman and CEO of BL Harbert International, has overseen numerous high-profile projects across the world that have left a lasting impact on the industry.

“I am proud to support the launch of the new center and hope to continue to play a pivotal role in shaping the future of real estate education and practice,” Harbert said in the release. “I look forward to seeing how Goizueta will inspire and prepare the next generation of industry leaders.”

“We are deeply thankful to Billy Harbert for his extraordinary generosity. This gift represents a significant milestone for Goizueta and the entire Emory community,” Gareth James, John H. Harland Dean for Goizueta, said in the release. “The BL Harbert Real Estate Center will enhance our ability to educate the next generation of real estate leaders, create a robust talent pipeline for leading firms, and strengthen our connection to the industry. It is a testament to the strength and influence of our alumni network.”

Building on nearly 20 years of real estate courses and initiatives, the new center will accelerate Goizueta’s momentum in this critical sector. Last year, a group of two dozen alumni, led by Randy Evans, established a $3 million endowment to fuel additional leadership of the program.

A national search is now underway for a professor to guide the real estate program into its next era. Visit Goizueta Real Estate to find out more.

This report was compiled and written by Rough Draft Atlanta's staff.