The Lied Center for Real Estate (formerly Lied Institute for Real Estate Studies) was established in 1989 by the Lee Business School at the Ê×Ò³| Â鶹´«Ã½Ó³»­ to foster excellence in real estate education and research. The center was endowed in 1991 through a generous gift and a challenge grant from the Ernest F. Lied Foundation Trust.

In recent years, Southern Nevada has had the hottest and the hardest-hit residential and commercial real estate markets, creating a natural experiment for the study of business/economic practices and public-policy issues. The Lied Center for Real Estate, in effective partnership with business and community leaders, strives to improve real estate business and effective public-policy practices in Southern Nevada.