▁Sch or sch ▁is ▁quoted ▁as ▁saying ▁that ▁the ▁internal ization ▁fee ▁" made ▁no ▁sense ▁to ▁invest ors . ▁ ▁There ' s ▁no ▁logical ▁reason ▁they ▁would ▁pay ." ▁ ▁Acc ol ades ▁He ▁is ▁often ▁character ized ▁as ▁a ▁pione er ▁in ▁the ▁alternative ▁invest ment ▁sector ▁of ▁the ▁financial ▁services ▁industry , ▁particularly ▁due ▁to ▁his ▁influence ▁on ▁the ▁commercial ▁real ▁estate ▁invest ment ▁space . ▁He ▁has ▁received ▁a ▁number ▁of ▁hon ors ▁and ▁public ▁recognition ▁for ▁his ▁impact ▁on ▁the ▁industry , ▁including ▁the ▁Ernst ▁& ▁Young ▁Entre pr ene ur ▁of ▁the ▁Year ▁Award ▁in ▁ 2 0 0 3 ▁and ▁the ▁Ernst ▁& ▁Young ▁Entre pr ene ur ▁of ▁the ▁Year ▁L if etime ▁Ach iev ement ▁Award ▁in ▁ 2 0 1 1 . ▁ ▁He ▁is ▁also ▁regarded ▁as ▁one ▁of ▁the ▁principal ▁figures ▁contrib uting ▁to ▁the ▁increased ▁appeal ▁and ▁access ibility ▁of ▁commercial ▁real ▁estate ▁invest ments ▁to ▁individual ▁invest ors . ▁ ▁Personal ▁life ▁Nicholas ▁Sch or sch ▁is ▁married ▁to ▁Sh elle y ▁Davis ▁Sch or sch ▁and ▁together ▁they ▁have ▁five ▁children . ▁ ▁He ▁is ▁an ▁av id ▁collect or ▁of ▁American ▁mus cle ▁cars , ▁high ▁performance ▁cars ▁and ▁foreign ▁sports ▁cars . ▁He ▁is ▁also ▁an ▁art ▁collect or , ▁favor ing ▁colonial ▁American ▁art ▁and ▁anti ques , ▁as ▁well ▁as ▁Modern ▁art . ▁ ▁Phil anth ropy ▁Nicholas ▁Sch or sch , ▁his ▁wife ▁Sh elle y ▁and ▁his ▁family ▁support ▁the ▁following