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The Minnesota Chair in Real Estate was originally established in 1981, serving as the only four-year real estate program offered at a public university within Minnesota at its inception. Its creation was sponsored and funded by a variety of benefactors, including the Minnesota Department of Commerce, St. Cloud State University, and private donations from prominent businessmen throughout the St. Cloud area and greater Minnesota. The Minnesota Chair in Real Estate program offered enrolled students the opportunity to acquire a Bachelor of Science degree in Real Estate, a Master of Business Administration degree, and also enabled its students to work directly with various private businesses and governmental agencies as part of its Real Estate Research Center initiative. The program has had four heads over the course of its existence, including George Karvel (1981-1996), Steven Mooney (1996-2019), Kelly Jameson (2020-2022), and Seongsu David Kim (July 2023-present).