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Worzala Wins The James A. Graaskamp Award

By Sandra Krezmien-Funk
Posted on 19 May 2014 | 9:29 am

Elaine M. Worzala, director of the Carter Real Estate Center and professor of real estate at the College of Charleston School of Business, was named the recipient of the Graaskamp Award for 2014.

The award, which “recognizes extraordinary iconoclastic thought and/or action throughout a person’s career in the development of a multi-disciplinary philosophy of real estate,” was given by the American Real Estate Society (ARES), an association of real estate thought leaders dedicated to producing and disseminating knowledge related to real estate decision making and the functioning of real estate markets.

Dr. Elaine Worzala, director, Carter Real Estate Center

Dr. Elaine Worzala, director, Carter Real Estate Center

Worzala was accredited for fostering a multi-disciplinary philosophy of real estate that breaks significantly from that which had been widely accepted, through extraordinary iconoclastic thought, action, research, and service to her profession.

“Elaine is a superstar for what she does for our students, academic research, and the real estate industry,” says Alan T. Shao, dean of the School of Business.  “I’m so please that the ARES chose such a well deserving scholar and teacher.”

Worzala received the award on April 3, 2014 in San Diego, Calif.  View more about the award and past recipients.

“I am particularly thrilled, as I am the first woman, as well as the first student of Graaskamp’s to receive this award,” says Worzala. “It is an honor to be recognized professionally in this way.”

Worzala holds a doctorate degree in real estate and urban land economics and a master’s degree in real estate appraisal and investment analysis from the University of Wisconsin-Madison.  She has served as the president of both the American Real Estate Society and the International Real Estate Society and is currently serving as a board member for both organizations.

Previously, Worzala was a professor of real estate at Clemson University’s School of Business and director of the Richard H. Pennell Center for Real Estate Development.

About the School of Business
College of Charleston’s School of Business offers seven undergraduate majors (with one additional major pending), an honors program, an M.S. in Accountancy and an MBA.  Approximately 1800 undergraduate and graduate students attend from as far away as China, Germany and Brazil. The faculty has research expertise in areas such as global logistics, hospitality and tourism, political economics, financial investment, bankruptcy, real estate, business intelligence, and sustainable business practices. Visit to learn more about our undergraduate and graduate programs, faculty and Centers of Excellence.

About the Carter Real Estate Center

The Carter Real Estate Center (CREC) facilitates the teaching, research, and industry service by bringing together students, faculty and business community executives to better understand the complexities of commercial real estate assets and the changing dynamics within the industry today and to help prepare students for post-graduate job placements. The CREC was established and is supported with a generous gift from Ben Carter of Ben Carter Enterprises (Atlanta, GA), the Carter family, and other friends of the Center.  Visit for more information.

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