Margarita Effron

HERNDON, VA (April 19, 2021) – NAIOP, the Commercial Real Estate Development Association, has selected Margarita Effron as a recipient of its annual Diversity Student Scholarship.

The scholarship program supports students who are pursuing a graduate degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.

“NAIOP is pleased to support this talented student in achieving her professional goals with our Diversity Student Scholarship program,” said Thomas J. Bisacquino, NAIOP president and CEO. “We recognize the tremendous value in investing in the next generation of commercial real estate leaders and advancing a more diverse industry. As this rising star fulfills her enormous potential, her career will serve to inspire others.”

NAIOP is awarding four $5,000 graduate student scholarships to individuals from demographics that are traditionally underrepresented in commercial real estate and whose universities are part of the NAIOP University Membership program.

Effron is a graduate student in the Master of Real Estate Development (MRED) program at Arizona State University and a member of NAIOP Arizona. She is also enrolled in the ASU REIT Portfolio Practicum, a student-run investment course with $500,000 of real capital. In this role, she analyzes, underwrites publicly traded U.S.-based REITs and makes investment decisions that best serve long-term profitability objectives.

She previously worked as a law clerk for Pacifica Companies, a privately held and operated real estate investment company based in San Diego. In this role, she supported in-house counsel in providing general legal advice to the entities within the company, reviewed state laws on zoning and land use to address development-related issues.

In addition to the scholarship, each scholarship recipient will have the opportunity to make new professional connections and sharpen his or her commercial real estate acumen with complimentary registration to attend NAIOP’s CRE Converge 2021, September 26-29, in Miami Beach, Florida.

To learn more about NAIOP’s strategic initiatives to advance diversity, visit


NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 20,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit