COLUMBIA, Mo. – Joseph D. Hegger, director of the Jeffrey E. Smith Institute of Real Estate, has been appointed to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. The Smith Institute is part of the Robert J. Trulaske, Sr. College of Business at the University of Missouri-Columbia.
The St. Louis Fed created four District Industry Councils in 2006. Each council represents an industry that is critical to the Federal Reserve's Eighth District and is designed to create dependable communication regarding economic conditions within those industry sectors throughout the District. The members' observations complement the data and information presented in the Federal Reserve's publications as well as meetings of the Bank's board of directors.
Hegger became director of the Jeffrey E. Smith Institute of Real Estate in November 2008. Previously, he was a principal and senior VP of the Corporate Operations Group at Colliers Turley Martin Tucker in St. Louis.
"I am honored to represent the university and the college's Smith Institute of Real Estate on this prestigious board," says Hegger. "Real estate is vital to the Midwest economy, and the institute's initiatives in developing future industry leaders and presenting an annual forum are intended to strengthen the industry in this geographic area."
About the Jeffrey E. Smith Institute of Real Estate
The mission of the institute is to provide educational opportunities in real estate to students of the college and to members of the professional real estate community. The Institute hosts an annual forum that attracts internationally known speakers from the real estate industry. Participants in the forum include members of the professional real estate community and students involved in the real estate curriculum.
About the MU Robert J. Trulaske, Sr. College of Business
The Trulaske College of Business, founded in 1914, today enrolls more than 4,000 undergraduate students and 340 graduate students. The college has four academic units – Accountancy, Finance, Management, and Marketing – with 60 full-time faculty members. The college offers an undergraduate degree in business administration, an MBA degree, a 150-hour program that confers both undergraduate and master's degrees in accountancy, and PhD degrees in both accountancy and business administration. The college takes great pride in its graduates. More than 31,000 alumni are contributing their expertise to the public and private sectors in every state in the U.S. and in a host of foreign countries.
About the Federal Reserve Bank of St. Louis
With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education.