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Herb Tousley

Distinguished Service Faculty, Faculty Director of Real Estate and Director of the Shenehon Center for Real Estate

  • Education
  • B.S., Business Administration, Colorado State University
    M.B.A., Management, University of St. Thomas
  • Research Interests
  • Domestic, real estate and valuations.

Herb Tousley is the director of the real estate program at the University of St. Thomas Opus College of Business. He teaches both undergraduate and graduate level courses.

Tousley’s background before coming to St. Thomas was in the commercial real estate industry. He enjoys teaching real estate classes at St. Thomas because it gives him a chance to pass on the knowledge he gained over the years to students who are interested in becoming commercial real estate professionals. One of the things he likes to do when teaching his classes is to bring real-world practices into the classroom. Tousley invites guest speakers to his classes to give students a chance to meet and network with industry professionals. Students are encouraged to participate in real estate industry meetings, events and competitions.

As the director of the Shenehon Center for Real Estate, Tousley publishes the “Minneapolis/St. Paul Residential Real Estate Index,” a monthly report about the state of the Twin Cities housing market. The Shenehon Center also conducts the Minnesota Commercial Real Estate Survey, a semi-annual forward-looking sentiment survey of local industry leaders.

Tousley is proud of the fact that the St. Thomas real estate program was recently ranked number six out of the top 28 real estate programs in the country by collegefactual.com. Graduates of the program have had excellent job placements upon graduation. Many graduates also become part of the St. Thomas Real Estate Alumni group, a resource that most have found to be exceptionally beneficial for industry networking and career connections.

  • 2025 Downtown Development Committee,
  • BOMA - Building Operations and Management Association,
  • CCIM - Minnesota Chapter of the Commercial Investment Real Estate Institute,
  • CoreNet Minnesota,
  • East Town - North Loop Development Committee,
  • NAIOP - Commercial Real Estate Development Association,
  • Lambda Alpha International
  • Urban Land Institute

  • Adjunct Instructor, University of St. Thomas, St. Paul / Mpls (2003 - present)
  • Director of the Master of Science in Real Estate Program and the Shenehon Center for Real Estate, University of St. Thomas, St. Paul / Mpls (2009 - present)
  • Sr. Vice President, Coldwell Banker Commercial Griffin Companies, Minneapolis (2007 - 2009)
  • Vice President, Omni Investment Properties, St. Paul (2002 - 2007)
  • Vice President, Hennessey Financial, St. Paul (2002 - 2003)
  • Sales Manager, Boyer Ford Trucks, Minneapolis (1997 - 2002)
  • Finance Specialist, Boyer Ford Trucks, Minneapolis (1996 - 1997)