Real Estate Program

Stanford Alexander Center for Excellence in Real Estate

Center dedicated to development and application of best practices in the real estate profession
About the Stanford Alexander Center
Innovative Practice Award Program

Innovative Practice Award Program

The Innovative Practice Award Program is a collaborative effort between real estate professionals and students enrolled in the FINA 7397 Mastery – Real Estate Capstone course conducted in the Spring of each academic school year.

Objective of the Innovative Practice Award Program "Definition"

"Innovative Practice"

A "Real Estate Innovative Practice" is an innovative methodology that, when applied to development of a real estate project, or related process, service or operation, is found to improve results and advance achievement of the desired objective.

The methodology will typically utilize interdisciplinary skill, knowledge sharing, and collaborative efforts. Therefore, it implies the combination of people, projects, and services.

"Innovative Practice Program"

The Innovative Practice Program is an annual program, whereby the Graduate Real Estate Program identifies an innovative methodology and demonstrates its value as an improvement over conventional approaches.

The Innovative Practice is then promoted through publication of a report and presentation at a symposium to expand its application and thereby advance expertise in the real estate profession.

Structure of the Program


The Stanford Alexander Center for Excellence in Real Estate Committee of the Executive Advisory Board, (“Committee”) provides leadership and governance of the Initiative.

Task Force

A task force composed of 3-5 real estate professionals selected from the Committee, or as otherwise designated, and real estate students enrolled in the Research Seminar: "Innovation in the Real Estate Profession" course will be organized as a team to conduct the Innovative Practice Award Program.

Coordination and Technical Services

A staff member of the Graduate Real Estate Program will serve as coordinator to manage the overall Innovative Practice process under the direction of the Task Force. A professional will be engaged to provide research and publication preparation services for the program.

Partner Professional Organization Panel

Sixteen real estate industry professional organizations are partners in the Graduate Real Estate Program and offer a full range of expertise in all sectors of the industry and profession. This expertise is key to assuring the Innovative Practice Award Program addresses the full scope of possible candidate Practice/Projects for consideration as Award recipients. Therefore, representatives of the Partner real estate professional organizations will be impaneled to offer suggestions for candidate “Practice/Projects” for consideration and assessment by the Task Force.



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Contact Us

UH Bauer Real Estate Program
334 Melcher Hall,
Houston, TX 77204-6021
Physical Location:
CBB Room 302
Phone: 713-743-4269
Fax: 713-743-5458


Student Academic
Counseling & Advising

Open Sessions:
Every Tuesday
Time: 9 – 10:30 a.m.
Location: Real Estate Program Offices, CBB, 302
No Appointment Necessary