Snow on the University of Colorado Boulder campus. (Courtesy CU Boulder)
The University of Colorado Boulder has named the real estate center in its business school after an alumnus who donated $15 million.
The university announced the donation from Michael Klump, the founder of Atlanta-based RCG Ventures, last week.
The newly renamed Michael A. Klump Center for Real Estate, one of six centers in the university’s Leeds School of Business, was formerly known as the CU Real Estate Center. It was founded in 1997.
Michael Klump
The bulk of Klump’s donation — $13 million — is earmarked for the center and will endow three faculty positions in real estate finance at the chair and professorship levels, the university said in a news release. It will also create four new academic funds and establish a scholarship.
The remaining $2 million will support programs in the College of Arts and Sciences that promote students’ mental health, according to the university.
Klump got his real estate license and began selling houses on The Hill while a sophomore, according to the university. He founded RCG in 2003.
The company primarily owns multitenant, anchored shopping centers, according to its website, which states it has bought 190 properties in 30 states. RCG does not have any holdings in Colorado, per its website.
Klump also co-founded Equity Investment Group, also focused on shopping center acquisitions, and Argonne Capital Group, which invests in retailers, restaurant operators and other businesses.
