Burnham-Moores Center for Real Estate
University of San Diego
Norm Miller is a professor at the University of San Diego’s Burnham-Moores Center for Real Estate. Previously, he held the position of Vice President of Analytics for CoStar Group, the leading provider of property information and market analysis for the commercial real estate industry, and he continues to serve as the Editor of The Journal of Sustainable Real Estate (JOSRE), a new journal on sustainable real estate he co-founded in 2009 that is sponsored by CoStar Group.
Before joining CoStar from the University of San Diego, Dr. Miller was also a professor at the University of Cincinnati and was a visiting faculty member at DePaul University and the University of Hawaii. He started his academic career at the University of Georgia. He received his Ph.D. from The Ohio State University in finance and real estate with a minor in city and regional planning. He is active on the editorial board of several national and internatiohttp://www.josre.org/wp-content/uploads/2012/09/Frank-Clayton-150×150.jpgnal journals and is a past president of ARES, the American Real Estate Society. He served for several years on the Cincinnati Port Authority and Riverfront Advisors, where he provided guidance on several public private developments, TIFs, deal structuring and economic inclusion goals.
Dr. Miller has published numerous academic articles, books and articles in trade market publications on housing, brokerage, mortgage risk, valuation, sustainable real estate and many other topics. His most recent book, “Commercial Real Estate Analysis and Investment” with Geltner, Eicholtz and Clayton, is in its second edition and is the leading graduate-level textbook for this topic on a global basis. Dr. Miller has lectured globally and domestically from Singapore and Thailand to Russia. He has also worked extensively with various academic and real estate trade associations. He was named the first “Distinguished Fellows” by NAIOP in 2002 and served as one of the primary instructors for NAIOP educational programs from 1998 through 2008
He is currently a Homer Hoyt Land Use Institute Faculty and Board member, based in North Palm Beach, Florida, and on the research committees of PREA, the ULI and ICSC.
Pernille H. Christensen
Asia Pacific Editor
University of Technology Sydney
Faculty of Design, Architecture and Building
School of the Built Environment
Senior Lecturer, Property Economics and Planning
Dr. Christensen is a Senior Lecturer in Property Economics and Planning in the School of the Built Environment within the Faculty of Design, Architecture and Building at the University of Technology, Sydney. Previously she taught in the Master of Real Estate and Master of City and Regional Planning programs at Clemson University in South Carolina, USA. Her Ph.D. is from Clemson University in Planning, Design & the Built Environment and her dissertation examined real estate stakeholders’ understanding of the concepts of sustainability and sustainable real estate, sustainability implementation and assessment strategies, and developed a framework for decision-making related to sustainable commercial real estate. She also holds Master of City & Regional Planning and Master of Architecture degrees from Clemson University, SC and a Bachelor of Architecture from Mississippi State University, MS.
Dr. Christensen’s research has focused on various aspects of sustainability in property and planning. Among her recent research projects is an EPA funded project in which she was the Principal Investigator examining the potential for end-of-life shipping containers to be used as an alternative post-disaster housing solution and community rebuilding strategy in the Caribbean. Her dissertation was partly sponsored by a grant from the Land Economics Foundation of Lambda Alpha International.
Before returning to academia, Dr. Christensen worked professionally as a Senior Loan Officer for Mid-Atlantic Financial Services in Atlanta, GA where she worked to educate both new loan officers and clients on the breadth of loan options available to clients so that the best loan packages were created to meet client needs and payment abilities. Before moving to the finance side of real estate, she worked as an architectural designer/planner/urban designer at Niles Bolton Associates in Atlanta, GA where she worked on a variety of projects, including multi-family and student dormitory projects around the United States and new town design competitions in China. A unique focus of her projects was the inclusion of sustainability attributes at all scales of the project/development.
Robert A. Simons
North America Editor
Cleveland State University Levin College of Urban Affairs
Robert A. Simons is a professor and former director of the Master of Urban Planning, Design and Development program at the Levin College of Urban Affairs at Cleveland State University in Cleveland, Ohio. He is also the faculty advisor for the Certificate Program in Real Estate Development and Finance, offered in conjunction with the Nance College of Business at CSU.
During Fall 2005, Dr. Simons has been a Fulbright Scholar at Wits University in Johannesburg, South Africa. Dr. Simons received his Ph.D. from the University of North Carolina at Chapel Hill in City and Regional Planning, with an emphasis in real estate. He also holds a Master of Regional Planning and a Master of Science in Economics, both from U.N.C. His undergraduate degree in anthropology was earned at Colorado State University. He has been a member of the American Institute of Certified Planners (AICP) since 1983.
At the Levin College of Urban Affairs, Dr. Simons teaches courses in real estate development, market analysis and finance, public economics Ph.D. research methods and environmental finance. Dr. Simons has published over 40 articles and book chapters on real estate, urban redevelopment, environmental damages, housing policy and brownfields redevelopment. He authored a book entitled Turning Brownfields into Greenbacks, (Urban Land Institute), and When Bad Things Happen to Good Property, (Environmental Law Institute, 2006). Dr. Simons has an active consulting practice, and has served as an expert witness in matters related to Real Estate and Environmental damages.
Dr. Kwame Addae-Dapaah was a senior lecturer at the Department of Real Estate, National University of Singapore. His research covers contrarian real estate investment, housing finance for the elderly, age-segregated housing and quality of life of the elderly, valuation of mixed-use development site, and more recently, sustainable real estate which, in his view, must be considered holistically in the context of the Brundtland Commission’s report.
Urban and Real Estate Economist
Frank Clayton is one of Canada’s most respected real estate observers. He brings clients the insights and perspectives of more than 40 years of monitoring the Canadian real estate scene and the analytical rigour of his post-graduate economics training. He provides independent advice and analysis to a variety of clients including governments, developers, builders, lenders, retailers, investors and building product suppliers. Well-known as a speaker on urban and real estate issues, Dr. Clayton is also a respected expert witness.Dr. Clayton was President of Clayton Research Associates Ltd., consulting economists specializing in real estate and urban economics, for 35 years. When Clayton Research was acquired he was appointed Executive Vice President of Altus Group where he remained for three years. Until October 2011, he was also Economic Advisor to the Greater Toronto Area’s Building Industry and Land Development Association (BILD). He is now a self-employed consultant.
University of North Carolina
Daniel Winkler is a professor at the University of North Carolina at Greensboro in the Bryan School of Business and Economics. He is also head of the Department of Accounting and Finance, and former chair of the Faculty Senate. He has a Ph.D. in Business Administration with a concentration in Finance from the University of South Carolina, and an M.B.A. from the University of Central Florida. Dr. Winkler has taught undergraduate and graduate courses in corporate finance, investments, and real estate.
Dr. Winkler serves on the editorial board of the Journal of Real Estate Research, the Journal of Housing Research, and the Journal of Real Estate Practice and Education. Over his academic career, Dr. Winkler real estate research has been published over sixty articles in refereed journals including the Real Estate Economics, Journal of Real Estate Research, Journal of Real Estate Finance and Economics, Land Economics, Journal of Housing Economics, Journal of Risk and Insurance, and the Appraisal Journal.
University of San Diego
Michel Boudrias is an associate professor and chair of the Marine Science and Environmental Studies Department at University of San Diego, and chair of the University of San Diego’s new Sustainability and Climate Change Task Force.
Dr. Boudrias’ research interests include functional morphology of crustacean swimming appendages, the fluid dynamics of locomotion of invertebrates and fish, and the effects of aquatic pollutants on benthic communities.
Steven C. Bourassa
University of Louisville,
KHC Real Estate Research Professor
Steven C. Bourassa is the KHC Real Estate Research Professor at the University of Louisville, where he has worked for over 12 years. Prior to that, he was head of the Department of Property at the University of Auckland, New Zealand. He also served on the faculties of the University of Sydney, the Australian National University, and the University of Memphis. His research focuses on urban housing and land markets and policy and has explored home ownership rates in the United States and other countries, the use of community land trusts to provide affordable housing, methods for constructing house price indexes, and land taxation as an economic development tool.
His interests in sustainable real estate range from measuring the costs and benefits of environmentally sensitive real estate development to finding ways to make housing and commercial real estate more stable forms of investment. He is treasurer of the International Real Estate Society and associate executive director of the American Real Estate Society. He holds bachelors and master’s degrees from the University of Delaware and Temple University, respectively, and a Ph.D. from the University of Pennsylvania, where he studied city planning, real estate, and regional science.
New York University
The Schack Institute of Real Estate
Center for Sustainable Built Environment Director
Stuart Brodsky is director of the Center for the Sustainable Built Environment and a Clinical Assistant Professor at New York University’s Schack Institute of Real Estate. Previously, he held positions at GE Capital Real Estate and the US Environmental Protection Agency.
At the Schack Institute, Professor Brodsky leads the development of curriculum and teaching green building, sustainability, and resilience for the graduate program in real estate development. As director of the Center for the Sustainable Built Environment, Brodsky directs strategic planning, research, conference development, and mainstreaming of sustainability into Schack’s allied graduate programs in real estate, finance, and construction management.
From 2008 to 2012 Brodsky was a senior member for GE Capital Real Estate’s Global Sustainability team, which oversaw the design and integration of sustainable practices across a $80 billion investment portfolio. In that position he led the team’s work in public policy, including authoring congressionally adopted language for 179-D tax credits; and developed operations and management practices that received CEO mandate to by-pass a traditional pilot and advance to global adoption.
Brodsky led the Environmental Protection Agency’s launch and management of the ENERGY STAR program for commercial real estate from 1999 to 2008. In that position he oversaw the adoption of ENERGY STAR portfolio manager as the national standard for tracking and rating the energy performance of commercial buildings, established voluntary partnerships with owners, managers, and investors of over 7 billion square feet of commercial space, established ground breaking relationship with industry associations—including the design of sustainability award programs for NAREIT and AH&LA—and was a columnist and advisor to numerous real estate publications. He initiated funding for and contributed to the development of content for the BOMA Energy Efficiency Program (BEEP), oversaw the design of the Energy Star/BOMA Building Upgrade Value Calculator, and was a founding funder and advisor to the Green Building Finance Consortium.
During Brodsky’s tenure at the EPA, commercial property firms saved over $7.5 billion dollars in energy operating costs through strategies promulgated or facilitated by the Energy Star program. The 114 billion kilo-watt hour reduction in energy consumption resulted in the avoidance of over 24 million metric tons of green house gases—the equivalent of taking 17 million cars off US roads for one year.
Brodsky is a member of the editorial board of the Journal of Sustainable Real Estate, advisory board of National Real Estate Investor’s Green Real Estate Strategies, ULI Responsible Property Investment Council, BOMA Energy Committee and Rapid Response Team, and co-chairs the ULI-NY Sustainable Building Council. He is the first federal employee and first non-member recipient of the BOMA Chairman’s Award, recipient of the ULI Chairman’s letter of appreciation, and honorary fellow of the Institute of Green Professionals (defunct).
Brodsky holds a Master of Environmental Design (terminal degree) from Yale School of Architecture and a Bachelor of Arts in English from Hobart College.
Sofia V. Dermisi
Walter E. Heller College of Business Administration
Professor of Real Estate
Dr. Sofia V. Dermisi, is a Professor of Real Estate and the Pasquinelli Family Distinguished Chair at Roosevelt University’s Walter E. Heller College of Business Administration.
She holds a degree in Planning & Regional Development Engineering (’98) from the University of Thessaly, Greece and a Master & Doctoral degree (’99 and ’02) from the Harvard Design School, where she earned a departmental commendation for her Masters studies.
Dr. Dermisi has earned many awards, fellowships and scholarships in Greece and the U.S. for excellence in her studies and continues to earn awards for her research and teaching. The most recent research awards include: three best manuscript awards (Journal of Sustainable Real Estate, CoStar Group, National Association of Industrial & Office Properties) and a best practice award from BOMA/International.
She was the recipient of external grants from the National Science Foundation, Illinois Department of Transportation and BOMA/Chicago. Publishing more than twenty papers in peer reviewed academic journals, she presented her work in U.S. and international conferences. Dr. Dermisi’s research agenda has always focused in office markets, with an emphasis on terrorism/ life – safety issues. She is a member of BOMA/Chicago’s security committee, actively participating in the development and execution of Emergency Preparedness Tabletop exercises in the downtown area with the participation of the private and public (local & Federal) sector. Office building sustainability is another area she is expanding her research.
Dr. Dermisi serves as a Board member at the American Real Estate Society, editor of the Real Estate Information Technology section of the Journal of Real Estate Literature and a reviewer for seven peer reviewed journals and the National Science Foundation. She also received the Excellence in Teaching Award from Roosevelt University.
University of Reading
Professorial Chair in Sustainable Futures in the Built Environment Management and School of Construction Engineering
University of Cambridge
Department of Land Economy, Reader
Associate Professor in Housing & Real Estate Finance
Dr. Fuerst is Reader/Associate Professor in Housing & Real Estate Finance at Cambridge University (UK). Previous academic posts include Lecturer and Reader in Real Estate Economics at the University of Reading (2007-2011), Research Associate at the Graduate Center of the City University of New York and Lecturer at the Technical University of Berlin. He has also been a Research Fellow at IRPUD and a Visiting Scholar at York University in Toronto. His industry experience includes working as Senior Consultant for Atisreal/BNP Paribas where he was responsible for market research/forecasting as well as valuations and due diligence projects for commercial real estate portfolio transactions. He is also currently a Visiting Professor at the Centre for Climate Change & Real Estate, IREBS Business School. His research interests are in ‘green’ real estate economics, financial analysis of sustainable investments, portfolio and risk management, real estate market forecasting as well as spatial economics. Dr. Fuerst’s research has been published in a broad range of journals including Ecological Economics, Environment & Planning A, Energy Policy, Real Estate Economics, Journal of Real Estate Research and Journal of Portfolio Management and he has won several best paper awards, most recently the 2011 Emerald Outstanding Paper Award.
Colorado State University Department of Construction Management
Angela Guggemos, Ph.D., Assistant Professor in Construction Management at CSU specializes in life-cycle assessment and life-cycle costing research.
AIA, LEED AP
H. Campbell and Eleanor R. Stuckeman
School of Architecture and Landscape Architecture
Smart Grid Research Consortium, LLC., Leader and Research Director
Jackson Associates, President
Dr. Jerry Jackson is an energy economist with more than thirty years experience in new energy technology market analysis, financial modeling, energy forecasting, utility program development and project management. He is the leader and research director of the Smart Grid Research Consortium, a nationwide consortium of electric cooperatives, municipal and other public utilities devoted to evaluating the business case for smart grid investments. He is an expert on smart grid, energy efficiency and other utility program development, having worked closely with more than three-dozen utilities to plan, implement and assess programs. His expertise also includes evaluating new energy technologies and their adoption by utility customers. He has assisted leading technology companies including United Technologies, Ingersoll Rand, Toyota, Ice Energy and others in analyzing and evaluating markets for new energy related technologies including fuel cells, microturbines, combined heat and power, cool storage, flywheel and demand response programs. He developed the first commercial end-use energy-forecasting model for application in the Department of Energy’s initial National Energy Plan at Oak Ridge Nation laboratory in the late 1970s. He developed the EPRI COMMEND model and the CEDMS and REDMS energy forecasting and policy analysis models which he applied for electric utilities, public service commissions and energy offices across the US and Canada. He developed the MAISY Utility Customer Energy Use and Hourly Load Databases, the only commercially available source of utility customer end-use hourly load data. He was previously a professor at Texas A&M University, chief of the Applied Research Division at Georgia Tech Research Institute. He is also president of Jackson Associates where he works with utilities, state regulatory agencies, equipment manufactures and others in addressing energy industry issues. He holds a Ph.D. in economics from the University of Florida.
John A. Kilpatrick
Greenfield Advisors LLC
Dr. John A. Kilpatrick is the President of Greenfield Advisors, a 32-year-old real estate advisory firm headquartered in Seattle, Washington. His Ph.D. is in Real Estate Finance, and prior to joining Greenfield he taught real estate and corporate finance at the University of South Carolina. Dr. Kilpatrick is also currently a Visiting Scholar in Real Estate at the Zicklin School of Business, Baruch College, City University of New York, and serves on the Finance Department Advisory Board for Washington State University.
Dr. Kilpatrick is the author of four books on real estate, as well over 75 book chapters, monographs, and scholarly journal articles. He is a Fellow of the American Real Estate Society, a Member of the Faculty of Valuation of the British Royal Institution of Chartered Surveyors, and is active in numerous professional and academic organizations. Dr. Kilpatrick currently serves as the Education Chairman of the Real Estate Counseling Group of America, on the Publications Board of the Appraisal Institute, and on the Education Committee of the American Real Estate Society. Dr. Kilpatrick is featured in the current editions of Who’s Who in America and Who’s Who in Business and Finance. He is a consultant on real estate economics to Bloomberg Network News, and has been featured in the Wall Street Journal, the New York Times, the Boston Herald, and numerous other major periodicals.
Greenfield Advisors focuses on complex real estate advisory services, including investment management, litigation support, and workout consulting.
Daniel B. Kohlhepp
The Johns Hopkins Carey Business School
Daniel B. Kohlhepp, Ph.D. (Ohio State University) joined the Johns Hopkins Carey Business School in 2010. He is a lecturer in the Edward St John Real Estate Program with expertise in the areas of real estate development, investments, and valuation.
Honors and Distinctions
- Associate Editor, The Journal of Sustainable Real Estate
- Director, Homer Hoyt Institute’s Weimer School of Advanced Studies
- Penn State University, Mount Nittany Society, 2008
- Virginia Sustainable Building Network, Best Commercial Project, 2007
- Northern Virginia NAIOP, Best High Rise Building, 2007
- Weimer School of Advanced Studies in Real Estate and Land Economics, Weimer School Leadership Award, 1997
- “Challenges and Lessons Learned at Arlington Potomac Yard” Chapter 8, Future Office Design, Practice and Research, edited by Chris Grech and David Walter, Taylor and Francis, 2008, pp 67-73.
- “The Financial Planning and Management of Real Estate Developments”, Financial Management, Volume 9, Number 1 (Spring 1980) pp. 46-52.
- “The Effect of Municipal Services and Local Taxes on Housing Values”, Journal of the American Real Estate and Urban Economics Association, Volume 7, Number 3 (Fall 1979) pp. 318-343 (with Charles A. Ingene).
- “Multicollinearity and Reduced Form Price Equations for Residential Markets”, Journal of the American Real Estate and Urban Economics Association, Volume 6, Number 1 (Spring 1978) pp. 50-69 (with George W. Gau).
- “Reinvestment Rate and the Sensitivity of Rates of Return in Real Estate Investment”, Journal of the American Real Estate and Urban Economics Association, Volume 4, Number 3 (Winter 1976) pp. 69-83 (with George W. Gau).
Works in Progress
- The Real Estate Development Matrix: A Wiki Approach
- The Role of the Master Developer In Urban, Mixed-use Projects
- Landlord, Tenant and Investor Perspectives on Sustainable Real Estate
- Rules-of-Thumb and Back-of-the-Envelope Analysis for Real Estate Investments
- The Real Estate Development Process
- The Real Estate Investment Process
- Green and Sustainable Real Estate Development and Investment
- Urban Mixed-use Projects
Alvarez & Marshal’s Real Estate Advisory Services (REAS)
Steven Laposa, PhD is a Principal with Alvarez & Marsal’s Real Estate Advisory Services (REAS) in Denver, Colorado. He specializes in applied global research and strategy in institutional commercial real estate. His primary areas of responsibilities are co-directing the Global Real Estate Knowledge Center, new product development, and supporting thought leadership initiatives of REAS’ managing directors. With more than 30 years of commercial real estate and construction management experience, Dr. Laposa has a broad range of experiences from industrial and commercial construction management, institutional real estate research, global real estate investment analysis and strategy, active author in industry and academic publications, bankruptcy and restructurings, corporate real estate, and litigation expert consulting.
Dr. Laposa’s notable assignments include developing global investment strategy for a Middle East-based client, co-authorship of the first seniors housing and care investment treatise, creating portfolio management risk models for institutional clients, Rockefeller Center bankruptcy, advising Asian government officials on urban planning, co-authorship and research support for several regional editions of the Emerging Trends in Real Estate® during his tenure at PwC, corporate real estate site location for Fortune 500 firms, and mass valuation modeling for private sector and domestic and foreign governments entities.
Prior to joining A&M, Dr. Laposa spent five years as the Endowed Chair in Real Estate at Colorado State University, 14 years with PricewaterhouseCoopers as a Director in the Global Strategic Real Estate Research group, and research positions with LaSalle Investment Advisory and Alex. Brown Kleinwort Benson Realty Advisors. He has also guest lectured at several of the top real estate programs in the U.S. Dr. Laposa earned his MBA in Real Estate and Construction Management from the University of Denver and his PhD from the University of Reading, England in the Department of Real Estate and Planning. He is a member of the American Real Estate Society (Past President and current Board Member), the Urban Land Institute, Homer Hoyt Fellow, CoreNet, and the International Council of Shopping Centers. In addition to a wide variety of industry articles and as a frequent presenter at international conferences, Dr. Laposa has held editorial board positions on six academic journals and has numerous peer-reviewed publications.
Arizona State University
Colleges of Law, Design, Business, Construction FAIA
Director MRED – Master of Real Estate Development Program
Richard Nicholas Loope is the owner and Managing Principal of HL Design Build, LLC, a general contracting and real estate development firm specializing in custom homes, urban infill, and specialty retail projects. He is also a managing member of several real estate development LLC’s. In addition, Loope is the owner and Principal Architect of R. Nicholas Loope, FAIA, a boutique design firm focused on custom homes, urban infill, and specialty retail projects.
Highlights of Loope’s previous professional experiences include: President and Managing Principal Architect of Taliesin Architects, Ltd., the continuation of the practice of architecture began by Frank Lloyd Wright in 1893; President and CEO of the Durrant Group, Inc., a 350 member architectural and engineering design firm; President of the Solector Corporation, an alternative energy subsidiary of ASARCO International and President of the Solar Energy Industry Association.
Mr. Loope also serves as Director of the Master of Real Estate Development Program (MRED) at Arizona State University, an accelerated 30 week immersion program focused on educating students and mid-career professional in the practices and transactions of-and-in real estate development through an interdisciplinary teaching team from the colleges of design, law, construction, and business. In addition, since 1989, Mr. Loope has been a tenured member of the College of Design’s faculty.
Mr. Loope’s academic credentials include: Bachelor in Architecture, five year professional degree from the University of Maryland, Masters of Environmental Design from Yale University and completion of the PMD program at the Harvard Business School, Harvard University.
Johns Hopkins University
The Edward St. John Department of Real Estate Graduate Division of Business and Education Carey Business School
Dr. Isaac F. Megbolugbe is a Johns Hopkins University professor and a full time member of the faculty of The Edward St. John Department of Real Estate in the Carey Business School. He is the director of the Johns Hopkins Graduate Program in the Business of Urban Planning and Development. He is both a fellow of the American Real Estate Society and the Royal Institution of Chartered Surveyors and a distinguished member of LAMDA APLHA INTERNATIONAL (An Honorary Land Economics Society). He has published extensively in real estate economics and finance. He recently opened two new lines of research. One is research on the economics and business of a wide range of real estate facilities such as hospitals, nursing homes, public buildings, schools, etc. The other is research on knowledge cities including investigation into the relationship between the emerging field of knowledge-based development and knowledge management. More broadly, his research interests are in hedonic price theory and its applications to housing and mortgage markets; modeling of different aspects of housing demand, including homeownership, housing affordability, and racial and ethnic disparities in homeownership and housing demand; how real estate facilities are used and priced, including health care and hospitals, schools and public buildings; community development finance theories and best practices including exploration into end-state designs of financial architecture for mortgage finance in developing countries, small and medium enterprises, micro finance and community development finance generally.
University of Nevada, Las Vegas Greenspun College of Urban Affairs
Dr. Helen Neill is an Associate Professor of Environmental Studies, Greenspun College of Urban Affairs at University of Nevada, Las Vegas.
Dr. Neill’s research agenda includes: examining the impact of air quality on single family homes with traditional and spatial hedonic approaches; examining the short term and long term impacts of perchlorate contamination from the PEPCON explosion and Basic Management Incorporated (BMI) complex on single family homes in Henderson, Nevada; examining the potential radionuclide migration problem for communities living near the Nevada Test Site and identifying potential solutions through future well sites; and examining shallow buried transuranic radioactive waste, defense waste that was disposed of before 1970 at the national level and examining whether to exhume or leave in place at Los Alamos National Laboratory. All of these projects relate in one way or another to environmental management, economic valuation, risk, spatial statistics, and key laws and regulations such as the National Environmental Policy Act (NEPA).
RREEF Real Estate
Vice President of Research
Andrew Nelson is Vice President of Research at RREEF Real Estate. RREEF Real Estate is part of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division. In addition to focusing on sustainable investment practices, Mr. Nelson is the retail property specialist for RREEF Research. He also serves on the North American Research Task Force for the International Council of Shopping Centers (ICSC).
Mr. Nelson has over 20 years of advisory and industry experience in the areas of real property development, use, and investment. He combines a planning and economics background with expertise in evaluating development projects and programs. Mr. Nelson has held leadership positions in both the public and private sectors. Prior to joining RREEF, Mr. Nelson was Vice President of HOK’s Advance Strategies group, where he was national practice leader of the real estate strategy service line. He also directed Deloitte & Touche’s real estate consulting practice for Northern California, advising investors and owners on strategic issues.
Mr. Nelson was a Community Builder Fellow at the U.S. Department of Housing and Urban Development, where he helped develop and manage HUD’s first comprehensive assessment system for evaluating the nation’s public housing stock and the agencies who manage them. Previously he led a pioneering housing construction finance program for the World Bank in Russia. Mr. Nelson began his career in economic development for the cities of New York and Boston.
Mr. Nelson earned a Master of City and Regional Planning Degree from the Kennedy School of Government at Harvard University and a BA in Economics from Harpur College at the State University of New York in Binghamton.
University of Arizona
Dr. Gary Pivo works in the areas of responsible property investing, land use planning, growth management, and sustainable cities. He is currently Advisor to the Property Working Group of the United Nations Environment Program Finance Initiative and the Responsible Property Investing Center. At the University of Arizona, he holds professorships in the Planning Degree Program and the School of Natural Resources and is a Senior Fellow with the Office of Economic Development.
Dr. Pivo teaches courses on the land development process and environmental land use planning. Previously, Dr. Pivo has served as Dean of the Graduate College, Director of Graduate Interdisciplinary Programs and Associate Dean of the College of Architecture, Planning and Landscape Architecture at the University of Arizona. He has also served as Chair of the Department of Urban Design and Planning, Director of the Center for Sustainable Cities, and Director of the Interdisciplinary Group for the PhD in Urban Design and Planning at the University of Washington.
Dr. Pivo has published extensively on responsible property investing, urban form and sustainable urbanization.
Darren A. Prum
Assistant Professor of Legal Studies
Department of Risk Management/Insurance,
Real Estate, & Legal Studies
College of Business
The Florida State University
Mr. Prum is an Assistant Professor in Legal Studies at The Florida State University. He has a wide range of experience in corporate, financial, legal, and general business matters. His background includes many facets of finance and related legal areas. Mr. Prum held financial management positions in all levels of the construction industry (from trade contractor to general contractor to owner’s representative to architect/engineer). In addition, he held the title of Business Manager for a major defense contractor’s $100M division with numerous sites around the world.
As a faculty member, his primary research interests include green building construction and gaming law. His articles appeared in the Santa Clara Law Review, the Hastings Business Law Journal, the Loyola Consumer Law Review, the Real Estate Law Journal, the William & Mary Environmental Law and Policy Review, The Villanova Environmental Law Journal, the Gaming Law Review and Economics, UNLV’s Gaming Research and Review Journal, and SMU’s Journal of Air Law and Commerce. Mr. Prum made recent presentations at the AALS Contracts Section Spring Contracts Conference, the University of Nevada School of Medicine, and the College of William & Mary’s Environmental Law and Policy Review symposium: “It’s not easy Building Green.”
He earned a Juris Doctorate and a Master of Business Administration from the University of Nevada, Las Vegas, a Graduate Certificate in Accounting from the University of Southern California, and a Bachelor of Science in Business Administration from the University of California at Riverside. Mr. Prum currently teaches Legal Environment of Business, Business Law I, Construction Law, and Personal Finance.
Professor of Property and Real Estate
Richard Reed has focused his research directly on the links between sustainability and the built environment, more specifically being the (property) business case for sustainability. He is the visiting Environmental Professor at the IRE/BS University in Regensburg, Germany. In 2007 he authored the “Business Case for Sustainability” chapter for Your Building (www.yourbuilding.org) and is a member of both the API and RICS sustainability committees. Richard is a member of the Australian Property Institute (API) and recently edited “The Valuation of Real Estate” (2007) text for the API, as well as being co-editor of “The Australian and New Zealand Property Journal”. In 2008 he published “A Greener House” (an investor’s guide to sustainability) and “Property Development” (including a new chapter on sustainability), both with Sara Wilkinson as co-author. In addition he is editor of ‘The International Journal of Housing Markets and Analysis’ published in the UK and has presented at many Australian and international conferences. He also presents regularly at industry events and is widely published in the area. Currently he is Professor of Property and Real Estate at Deakin University (Melbourne) and lectures to students about property and sustainability.
Stephen E. Roulac
Founder, Roulac Global Places
One of the world’s leading authorities on the economic productivity and strategic importance of the places in which we live and work, Stephen Roulac’s work bridges construction sites and high finance, the academy and the board room, intellectual innovation and entrepreneurism. His background includes the highest academic credentials, innovative award-winning research, and teaching at leading universities, plus service as a trusted strategy advisor, investment manager and preeminent real estate expert.
Dr. Roulac has made fundamental, innovative research contributions and has pioneered the application of modern economic theory and securities analysis in ways that have transformed the property discipline, real estate capital markets, and institutional real estate investing. His thought leadership role has been widely recognized. His research has been ranked first, second, third or fourth in several studies of leading property scholars, from some 70 countries. Author of some 20 books, he has written over 400 articles, reviews and columns. Consistent themes of some 100 reviews of Stephen Roulac’s books are: “brilliant”… “must read”… “pioneering”… “indispensible”… “compelling”… extraordinary”… “provocative”… “very valuable”… “highly recommend”… “amazing”… “stimulating”… “challenging.”
In addition to numerous awards for papers and articles, he is the recipient of James A. Graaskamp Award, Warner Bloomberg Award, Richard Radcliffe Award, International Real Estate Society Achievement Award and the David Ricardo Medal. Stephen Roulac and James Graaskamp were the only academics so recognized as Millennium Real Estate Award Honorees by the University of California, Berkeley, recognizing those 100 individuals who had the greatest impact upon real estate in the 20th century.
Dr. Roulac has served on and continues to serve on numerous editorial boards of leading real estate and investment journals. A past president of the American Real Estate Society (ARES), his major research and industry contributions include: Commercial Property Securitization (1970s), Institutional Investment (1980s), Place Strategy (1990s), and Global Real Estate Investment Strategies (2000s).
Dr. Roulac’s research, teaching, speaking and advisory work focus on:
- How place choice has transformed society, business and global economy
- Strategic management of enterprises, institutions, public agencies, entrepreneurial ventures, and major projects
- Finance and investment, securitization, financing structure
- Investing strategy, with an emphasis on global economics and the competitive position of places
- Fiduciary duty, due process, best practices and applied ethics.
His work is global in scope, and includes all property types, debt and equity positions, securities forms and specialized interests in real property, combining leading strategic management consulting skills with four plus decades experiences in addressing the implications of trends in the real estate property and capital markets. Combining significant entrepreneurial and advisory roles with his teaching and scholarly research, his work is informed by insights derived from over four decades as primary advisor to major decision-makers in all facets of business, government, real estate and investing.
Retained by governments and also the savviest, most sophisticated and highly successful companies, entrepreneurs and investors throughout the world, he and his team have worked in 20+ countries, evaluating and investing in more than 100 countries, advising 1,000+ clients involving in excess of $50 billion real estate interests and creating billions of dollars of value for his clients. Dr. Roulac organized, led and had a major impact on developing the real estate consulting practices for two of the four largest accounting firms.
His credentials include BA, Pomona College; MBA, Harvard University; JD, University of California, Berkeley; and Ph.D. in strategy/finance from Stanford University.
Grant Ian Thrall
Business Geography Advisors
Principal and Founder
Grant Ian Thrall Ph.D. is Principal and Founder of Business Geography Advisors. Through BGA, Grant has executed market studies of location value and highest and best use for over $2B in infill development, including location intelligence for the entire State University System of Florida. Grant has been an consultant to the Bill and Melina Gates Foundation on the value added of higher education. Grant resides in Gainesville Florida where he serves as Fellow, Miller Center for Retail, University of Florida. He has been on the faculty of McMaster University in Canada, SUNY-Buffalo, San Diego State University, and University of Florida. His most recent faculty appointment was as Chair of Excellence in Sustainable Real Estate, University of Memphis. Grant Thrall is founding Chair of the Business Geography Specialty Group of the Association of American Geographers; and in 2013 he was President of the American Real Estate Society.
University of Denver Franklin L. Burns School of Real Estate and Construction Management
Ron Throupe has over 25 years of experience in real estate & construction industry in various roles. He has been a licensed general contractor and is a certified general appraiser in the states of Washington, Connecticut and Colorado. While employed at major universities Ron was a consultant on valuation methods. He has been providing expert valuation & consultation services on a full time basis as Director of Operation of Mundy Associates in Seattle; a national real estate consulting and appraisal firm. Recently, Ron has taken a position at the Burns School of Real Estate & Construction Management at the University of Denver.Some of his recent projects include:
- Portfolio analysis of a developer/operator holdings and strategic plan
- Valuation of an Investment grade office complex, Richland WA
- Valuation of leasehold and leased fee for eminent Domain Litigation for the Port of Tacoma
- Leasehold and leased fee analysis of Federal Gov’t leased Apartment complex, Fairbanks, AK Market analysis of multi-phase development projects
- Landfill affects on local markets and valuation of surrounding properties
- Feasibility analysis for Burlington WA, shopping center
- Valuation of Mold contaminated homes
- Litigation support for contaminated property class action lawsuits
Ron has made recent presentations to the American Real Estate Society annual meetings, the National Hazard Mitigation Conference, the National Council of Real Estate Investment Fiduciaries, and Law Seminars International.
University of San Diego
Charles Tu earned his Ph.D. in Business Administration from the George Washington University (GWU) in 1999 and received the Chartered Financial Analyst (CFA) designation in 2000. Before becoming an associate professor at USD, he taught real estate and finance courses at GWU and Cal State Fullerton, where he received the Outstanding Teacher/Scholar award in 2002. Tu is dedicated to conducting applied research that helps improve real estate and business decision-making. His research agenda covers a variety of topics, including housing valuation, smart growth and the new urbanism, commercial mortgage backed securities (CMBS), real estate investment trusts (REITs), multifamily housing, and retail shopping centers. Tu has published articles in leading academic journals, and the findings of his research have been cited in major newspapers such as the Wall Street Journal, Washington Post, and Atlanta Journal-Constitution. He was granted tenure by the University of San Diego, which took effect Sept. 1, 2008.
Graduate School of Design
Dr. Bing Wang, Lecturer in urban planning and design, teaches design and real estate development courses at the Graduate School of Design, Harvard University. She is a core faculty member for Harvard Real Estate Academic Initiative (REAI) and thesis advisor for Master of Design (MDes) degree candidates with concentration in real estate. She also holds a three-year visiting professorship in the Property Development program at the University of Ulster and a visiting lectureship in the Department of Land Economy at the University of Cambridge in the United Kingdom.
Her academic research has focused on the interplays between formal representations of a society and its underlying social structure and economic driving forces. Her writing and research have been published in academic books and journals, including Planning Ideas and Planning Practices (2009), Professionalism and Professions (2009), Urbanization in China (2007), Regenerating Older Suburbs (2007) and Journal of Real Estate Portfolio Management. She is the author of the forthcoming book The Architectural Profession and Modernity in China (2009) and co-editor of Prestige Retail: Design and Development for High-end Market (2009) and Nexus: Field Studies in Real Estate, Planning, and Design (2005). She is on the Editorial Board for the Journal of Planning Theory and Practice, co-published by Routledge and the Royal Town Planning Institute of the United Kingdom.
Professionally, Dr. Wang worked as an investment consultant at Lehman Brothers in Tokyo and is currently the founding principal of YongYou International Investments LLC, a private equity company based in Shanghai, China, focusing on investments in real estate and media production companies in Asia. One of the real estate asset management companies she founded was successfully acquired in 2007 by the U.S.-based institutional investor CarVal Investors (formerly Cargill Value Investment).
As a professional designer, her recent projects include master planning and urban design of a 400-acre site surrounding Dianshan Lake in Shanghai, the value-creation strategies for the Yuyuan shopping mall located in the old center of Shanghai, a mixed-use development project in Tbilisi, Georgia, and as an advisor for the design of temporary structures for Covent Garden in London.
Sara J. Wilkinson
BSc MA MPhil PhD FRICS AAPI
College of Charleston
Carter Real Estate Center, Program Director