UNIVERSITY PARK, Pa., June 30 -- Pennsylvania State University issued the following news release:

UNIVERSITY PARK, Pa. - Four years after launching the Cocoziello Institute of Real Estate Innovation, Peter J. and Sharon L. Cocoziello have made a new seven-figure commitment to endow the directorship at the institute they founded. The gift will provide the institute's leader, a position now named the Advance Realty Investors Director - reflecting a deepening partnership between Penn State and industry leadership in real estate innovation - with resources to expand cutting-edge research, industry-facing initiatives and corporate partnerships.

"After accumulating decades of success as entrepreneurs in the real estate industry, Peter and Sharo...