Real estate students get lesson in generosity

Sam Kornblau (Courtesy of Markel | Eagle)

Sam Kornblau
(Courtesy of Markel | Eagle)

Virginia Commonwealth University’s real estate program has received another seven-figure check from its biggest backer.

Real estate magnate Sam Kornblau gave the university $1 million to further fund its real estate program, the school announced Tuesday.

In 2006, Kornblau endowed the school with $2.5 million to establish the real estate institute that, as of Tuesday, bears his name.

VCU President Michael Rao unveiled the named Kornblau Real Estate Program on Tuesday morning at the school’s Real Estate Trends Conference at the Greater Richmond Convention Center.

“I’m pretty well attached to VCU,” Kornblau said in a prepared statement. “A few years ago, a company that I was associated with set up a scholarship at VCU in my name. After that, on a regular basis, I received letters from the recipients telling me how they loved the school and what they were going to do. And it made a great, great impression on me.”

Kornblau, 91, is chairman of SAMCO Development Corp. and a member of the board of directors of Eagle Construction of Virginia. He previously ran Realty Industries, a company that went public in 1984 and ultimately became part of United Dominion Realty Trust, one of the largest apartment developers in the country.

His son, Bryan Kornblau, is also in the business. He was the co-founder of Eagle Construction and sister companies that include commercial real estate development and residential and commercial real estate brokerages. The Eagle Companies were recently acquired by Markel Corp.

Sam Kornblau (Courtesy of Markel | Eagle)

Sam Kornblau
(Courtesy of Markel | Eagle)

Virginia Commonwealth University’s real estate program has received another seven-figure check from its biggest backer.

Real estate magnate Sam Kornblau gave the university $1 million to further fund its real estate program, the school announced Tuesday.

In 2006, Kornblau endowed the school with $2.5 million to establish the real estate institute that, as of Tuesday, bears his name.

VCU President Michael Rao unveiled the named Kornblau Real Estate Program on Tuesday morning at the school’s Real Estate Trends Conference at the Greater Richmond Convention Center.

“I’m pretty well attached to VCU,” Kornblau said in a prepared statement. “A few years ago, a company that I was associated with set up a scholarship at VCU in my name. After that, on a regular basis, I received letters from the recipients telling me how they loved the school and what they were going to do. And it made a great, great impression on me.”

Kornblau, 91, is chairman of SAMCO Development Corp. and a member of the board of directors of Eagle Construction of Virginia. He previously ran Realty Industries, a company that went public in 1984 and ultimately became part of United Dominion Realty Trust, one of the largest apartment developers in the country.

His son, Bryan Kornblau, is also in the business. He was the co-founder of Eagle Construction and sister companies that include commercial real estate development and residential and commercial real estate brokerages. The Eagle Companies were recently acquired by Markel Corp.

This story is for our paid subscribers only. Please become one of the thousands of BizSense Pro readers today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Subscribe
Notify of
guest

4 Comments
oldest
newest most voted
Inline Feedbacks
View all comments
Linda Terry
Linda Terry
10 years ago

this is fabulous! The Kornblau family are top notch. Giving to future workers and leaders in the Richmond area is the best gift that will bear much fruit! I have participated in the job fair at the Real Estate School at VCU and was impressed by the students.

Bob Northern
Bob Northern
10 years ago

I worked for Mr. Kornblau for 9 years in the ’70’s and early 80’s. I could not have had a finer boss. I was proud to be associated with him and to Represent him as a Realtor. He is a self made man who is a shining example of a true community builder. I am proud to see him and his family achieve so much and to be so successful.

Tedd Beck
Tedd Beck
10 years ago

Way to go Chief!

Donna S. Sharits
Donna S. Sharits
10 years ago

What a great example of a generous and community minded family, once again, going “above and beyond” to help make RVA and VCU thrive. Thank you!