Winter Issue 2022 - 28

developments
WLI Celebrates Its 10th
Anniversary: Looking
Back and Looking
Ahead
Recipients of the
2018 WLI/Prologis
Achievement Award
gather at the ULI Fall
Meeting in Boston.
A decade ago, Kathleen Carey,
then a senior vice president
at GE Capital Real Estate,
was determined to conduct
what she referred to as an
" informal, unconventional
survey " of friends. They were
all in primarily senior positions
in the commercial real estate
industry. Carey, who later served
as president and chief executive
officer of the ULI Foundation,
wanted to find out if there was
a need for an organization
that would focus on promoting
women into leadership roles
within the industry.
" I just started calling people I
knew from ULI and asking them,
'Do you think we still need this?
or has the need dissipated?' " she
recalls. " 'Is everything great? Do
people get the leadership positions
that they want regardless of
gender or any other orientation?'
They started to laugh at me and
said, 'Oh no. It's not over. There's
still a long way to go here.' "
There was a consensus among
the men and women whom Carey
polled that the struggle was not
over yet and that a need also
existed for a group to advocate
for women both at ULI and in the
commercial real estate industry as
a whole. From that beginning, the
ULI Women's Leadership Initiative
(WLI) was born.
Carey, joined by friends and
colleagues, met to craft WLI's mission
statement that would " precisely
articulate what this group
was going to be about and what
we hoped to achieve that would
endure, " she says.
Since then, the number of
women in ULI has more than doubled.
It has risen from 20 percent
of the Institute's nearly 28,000
members to more than 13,000
women members, or 29 percent
of the 45,000 total members.
Carey says the organization has
" just exploded beyond my wildest
imagination. "
Ellen Klasson, chair of the WLI
Executive Committee and managing
director at Terra Search
Partners, says the goal is for that
number to grow exponentially.
Klasson says the mission of WLI is
now just as important as ever.
" Only about one-third of the
industry is female and about half
the population is female, so we
don't have our fair share of representation
in the industry, much
less in leadership roles in the
industry, " Klasson says. " Many
would say that it's the good old
boys' club, so I want to be able to
participate in helping to change
that and have some more parity
when it comes to gender in our
industry. "
Out of 1,200 ULI members surveyed
in the Women's Leadership
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URBAN LAND
WINTER 2022
ULI/ALTIMIRA

Winter Issue 2022

Table of Contents for the Digital Edition of Winter Issue 2022

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