In 1993, Mark Riedy founded what would later become the Burnham-Moores Center for Real Estate at the University of San Diego, and it has been growing ever since.
The center Riedy and his associates created has a wide range of course offerings, including a major and minor in real estate, graduate classes and numerous continuing education courses.
Along with residential real estate, the center has a full commercial real estate program as well as an array of courses in real estate finance, land use and sustainability, among many other topics.
Riedy and the center have developed numerous real estate conferences that are held throughout the year. More than 2,000 industry and civic professionals attend these sessions, where in excess of 100 industry professionals serve as guest lecturers.
"He has meant a lot to the university. He raised a lot of money to put the Burnham-Moores Center together, and he has always represented the university well in his frequent dealings with the media," said USD professor and economist Alan Gin. Gin added that he has always been impressed with Riedy's ability to foster strong events.
Burnham flagship meetings include the Annual Real Estate Conference, the Residential Real Estate Conference and breakfasts at the BMC.
The Burnham-Moores Center also has four policy advisory board committees, comprising about 100 individuals who provide student assistance through internships, mentorships and job opportunities.
The BMC is advised by a Policy Advisory Board comprised of four different committees. These include an Executive Committee, a Commercial Real Estate Committee, a Residential Real Estate Committee, and a Curriculum and Research Committee. Each of these committees aid the center and provide networking that generates topics for future events.
Riedy earned a degree in economics from Loras College in Dubuque, Iowa, and attended Washington University in St. Louis, where he obtained a master's in business administration with an emphasis in finance. He obtained a doctorate in business economics at the University of Michigan while commuting back and forth to the University of Colorado, where he taught banking and finance.
Riedy later went to work for President Richard Nixon as a senior staff economist on Nixon's council of economic advisers. Reidy worked as a chief economist for the Federal Home Loan Bank in San Francisco, an executive vice president of the Mortgage Bankers Association of America and president of the Federal National Mortgage Association (Fannie Mae).
Riedy also served as president and chief executive officer of the National Council of Community Bankers, where he was responsible for representing banks and savings and loan associations before Congress and other federal regulatory agencies.
He said he and his wife became enamored with San Diego during some vacation visits to Southern California.
Riedy created his own job at USD. He met with Ernest W. Hahn, just weeks before Hahn's death in the 1992, and gained the shopping center magnate's approval to create an Ernest W. Hahn chair at USD that would be the catalyst for the institute.