Land use is critical in determining the level of economic activity of a nation and the quality of life of its people. Our country has been shaped, in large measure, by the land use decisions of the past and will, in turn, be influenced by similar choices in the future. The Homer Hoyt Institute (HHI) is dedicated to improving the quality of decisions about this valuable resource.
The Homer Hoyt Institute – an independent, non-profit research and educational foundation established in 1967, has contributed to improving the quality of public and private real estate decisions by:
• Expanding and disseminating the real estate body of knowledge;
• Stimulating innovation in the discipline of real estate and land economics;
• Building bridges among academia, industry, and government; and,
• Developing innovative approaches to the solution of real estate problems.
A Multifaceted Approach
HHI accomplishes its mission by supporting the Maury Seldin Advanced Studies Institute (MSASI) and has provided funding for research programs at a broad network of universities with emphasis on a consortium of six Real Estate Centers. MSASI operates the Weimer School of Advanced Studies in Real Estate and Land Economics, which recognizes, encourages, and further educates leading real estate decision-makers in academia and industry. HHI utilizes Hoyt Advisory Services (HAS), its wholly-owned subsidiary, for research and development, asset management, and other special assignments. HAS is also developing further commercial applications for the Hoyt REIT Model, a proprietary model for investing in real estate investment trusts (REITs).
Research supported by HHI must meet the highest standards of scholarship, and it must further the improvement of decision making in the real estate industry. That is, it must combine rigor with relevance.
Evolving out of a real estate center at The American University, in 1968 the Institute became an independent organization dedicated to the advancement of real estate knowledge and the development of real-life solutions to complex problems. It has worked to achieve these goals in academia as well as industry and has remained thoroughly committed to building bridges between real estate professionals and researchers through the breadth of its programming.
Initially a grant-receiving organization, HHI began to make grants itself following Dr. Homer Hoyt’s gift of one mile of oceanfront land in St. Lucie County, Florida in 1979. From this base, the Institute has built a substantial endowment that supports basic operations as well as grants and other outreach efforts.
Toward the Future
The Hoyt philosophy always has been predicated on strong ties among academia, industry, and the public sector. That relationship will continue to be the cornerstone of the Homer Hoyt Institute’s mission: to contribute to improving the quality of real estate decisions.
To see the Homer Hoyt Institute Board of Directors, click here.
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