New real estate minor at UW thanks to Seattle broker’s donation

  • Windermere founder John Jacobi and his wife, Rosalind, have donated $5.4 million to help fund a real estate minor degree at the University of Washington.
  • Windermere president Jill Jacobi Wood said this minor degree is the first step toward an eventual residential real estate master's program.

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The University of Washington (UW) has a commercial real estate undergraduate program, but students who want to learn more about residential real estate had no options. John Jacobi Fittingly, as UW was planning to add some residential classes, it received an unexpected windfall -- $5.4 million from Windermere founder John Jacobi and his wife, Rosalind. "The university was beyond excited," said Jill Jacobi Wood, John's daughter and Windermere president. "They'd already started down the path of developing some residential classes, but with this money, they were able to do a residential minor degree." Jacobi Wood said that both her father and his wife attended UW, as did their children, and John Jacobi had been looking for ways to give back to his alma mater for a while. This was a perfect fit. And it's just the beginning, said Jacobi Wood. "Our goal is to have a master's in residential real estate," she explained. "In our company, we have what we call 'crawl-walk-run.'...