Joseph D. Hegger, director of the Jeffrey E. Smith Institute of Real Estate, has been appointed to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. The Smith Institute is part of the Robert J. Trulaske, Sr. College of Business at the University of Missouri-Columbia.
The St. Louis Fed created four District Industry Councils in 2006. Each council represents an industry that is critical to the Federal Reserve's Eighth District and is designed to create dependable communication regarding economic conditions within those industry sectors throughout the District. The members' observations complement the data and information presented in the Federal Reserve's publications as well as meetings of the Bank's board of directors.
Hegger became director of the Jeffrey E. Smith Institute of Real Estate in November 2008. Previously, he was a principal and senior VP of the Corporate Operations Group at Colliers Turley Martin Tucker in St. Louis.
"I am honored to represent the university and the college's Smith Institute of Real Estate on this prestigious board," says Hegger. "Real estate is vital to the Midwest economy, and the institute's initiatives in developing future industry leaders and presenting an annual forum are intended to strengthen the industry in this geographic area."