The CU Real Estate Center 3 18 2018 CU

The CU Real Estate Center 3/18/2018

CU Real Estate Center Organizational Chart “CUREC” Real Estate Foundation* Board of Directors Reports: Activities Senior Associate Dean (Manages asset pool) Reports : Policy issues CUREC Board of Governors Real Estate Center kin Advisory Board or (Forming) W RE Council Executive Committee g R ela tio ns hip (Role: Policy Issues per bylaws) Real Estate Center Staff * CU Real Estate Foundation partially funds the Center and provides accounting support 3/18/2018

CUREC Sub-Committees Chairs Report to CUREC Executive Committee • • • Alumni Annual Conference Continuous Funding Education Finance Internship and Placement Membership Quarterly Meeting Sustainable Development 3/18/2018

CUREC – Sources of Funding 3/18/2018

The CU Real Estate Center MBA Courses 3/18/2018

The CU Real Estate Center MBA Electives • • COLLEGE OF ENGINEERING & APPLIED SCIENCE; CU-BOULDER – CVEN 5206. Design/Build Development – CVEN 5246. Legal Aspects of Construction. – CVEN 52 XX. Construction Project Management DEPARTMENT OF ENVIRONMENTAL STUDIES; CU-BOULDER – ENVS 5100. Energy, Science and Technology COLLEGE OF ARCHITECTURE AND PLANNING; CU-DENVER – LAND USE LAW AND PRINCIPLES FOR BUSINESS AND REAL ESTATE PROFESSIONALS – URP 6656. Regional Land Use Analysis and Planning – LA 6632. Site Planning SCHOOL OF LAW; CU-BOULDER – LAWS 6302. Water Resources 3/18/2018

The CU Real Estate Center Undergraduate Courses • Principles of Real Estate Practices • Real Estate Development • Real Estate Law • Real Estate Finance • Academic Internship • USC Competition (Independent Study) 3/18/2018

The CU Real Estate Center Undergraduate Electives • • • History and Theories of Architecture 1 and 2 Introduction to Social Factors in Environmental Design Housing Policies and Practices Introduction to Environmental Design – Part I and Part II Issues in Planning History of Urban Design and Planning Ecology and Design Environmental Impact Assessment Real World Planning Introduction to Building Materials and Systems Introduction to Building Construction Planning and Scheduling 3/18/2018

The CU Real Estate Center Additional Offerings – MBA and Sr. Undergraduates • Property/Asset/Portfolio Management Seminar Series • Leasing • Property Management • Asset Management (2 seminars) • Portfolio Management (2 seminars) 3/18/2018

The CU Real Estate Center Additional Offerings • ARGUS Certification • US Green Building Council—LEED Certification Course • Curacao Institute for Social and Economics Studies (CURISES) Curaçao 3/18/2018

The CU Real Estate Center MBA Student Competitions • ARGUS University Challenge • Annual competition that utilizes ARGUS to analyze a site • Usually 30 Universities from across the globe compete 3/18/2018

The CU Real Estate Center Undergraduate Student Competitions • USC International Real Estate Case Competition (U/G Independent Study) • Annual Case Competition that began in 2005 • Students have three days to analyze a site, prepare a written report, and make a presentation. • 8 schools from around the world compete 3/18/2018

The CU Real Estate Center MBA Student Competitions • NAIOP Rocky Mountain Real Estate Challenge – Annual competition began in 2002 – CU vs University of Denver – Students work with developers, architects, planners, and engineers – Students complete a full economic feasibility for case 3/18/2018

The CU Real Estate Center MBA Student Competitions • Urban Land Institute/Gerald D. Hines Design Competition – Annual case competition began in 2002 – 140 teams from the US and Canada compete – CUREC won the competition in 2005 and in 2012 3/18/2018

The CU Real Estate Center Internships/Mentoring • MBA • Mentoring Firms represented, have included: 3/18/2018

The CU Real Estate Center Internship/Mentoring • Undergraduate Real Estate Certificate Students – Mentoring Firms represented, have included: 3/18/2018

The CU Real Estate Center Undergraduate Placement • Some representative firms have included: 3/18/2018

The CU Real Estate Center MBA Placement • In recent years, approximately 80% placed prior to graduation and 100% within 90 days of graduation • Representative firms have been: 3/18/2018

Real Estate Student Clubs Graduate Real Estate Association • Annual Denver Infill tour • NAIOP Careers in Real Estate Event • ULI Fall meeting • Annual GREA Real Estate Retreat • Other guest speaker events • Annual GREA Mountain Resort Trip 3/18/2018

Real Estate Student Clubs Undergraduate Real Estate Club • The Club is open to all students at CU who are interested in real estate and includes freshmen through seniors. • The Club meets twice monthly in the evenings and there are generally 30 -35 students at each meeting. • Industry professionals speak at the Club meetings: architects, developers, citizens advisory board members, lenders, etc. 3/18/2018

CUREC Young Alumni Committee • • Quarterly RE Alumni Events Communication / Marketing (Facebook, Linked. In, etc. ) Partnering with the CU Real Estate Center Sub Committees – Membership / Outreach – Networking/Events – Professional Development / Employment – Social Media Committee 3/18/2018

The CU Real Estate Center Academic Research • The research faculty in the University of Colorado Real Estate Center are actively involved in academic research. The research is published in top-tier academic real estate publications including Real Estate Economics amd Journal of Real Estate Finance and Economics. Research topics include: • Understanding commercial real estate investments • Developing price indices for commercial properties • Modeling the determinants of capital expenditure decisions 3/18/2018

The CU Real Estate Center Academic Research - Continued • Understanding the behavior of house prices • The influence that subprime mortgages have on house prices • The relationship between house price risk and neighborhood socioeconomic characteristics • The influence that special districts have on house prices and on house price appreciation • The relationship among mortgage capital flows, house price appreciation and real estate cycles • The relationship between house prices, sales volume and economic growth 3/18/2018

The CU Real Estate Center Industry Research CUREC faculty and students are also involved in industry oriented research. Over the past several years, CUREC faculty and students have: • Examined the real estate requirements of Boulder’s primary employers • Developed price indices for sustainable commercial properties • Examined the effect that commercial real estate has on the Colorado economy • Analyzed the City of Boulder’s Affordable Housing Program • Performed a land use study for the City of Arvada • Completed a sustainability project for Vail Resorts 3/18/2018

The CU Real Estate Center Curriculum for Sustainable Development • • • 3/18/2018 Partnerships Advisory services Teaching Research High-leverage strategies

The CU Real Estate Center Industry Research - Sustainability • Completed Projects 2011 -2012 – Conservation Forestry – Namaste Solar Case Study – Colorado High Performance Building Study • Current Research Projects – CU/CSU - Socially Responsible Investment into Sustainable Real Estate – CSU/CU – Evaluating Conservation Real Estate Development 3/18/2018

The CU Real Estate Center Services 3/18/2018

The CU Real Estate Center Scholarships 3/18/2018

Academic Director Professor Tom Thibodeau Teaching • MBA Real Estate Finance • MBA Real Estate Economics • UG Real Estate Finance • ARGUS 3/18/2018 • Distinguished Fellow, NAIOP • Former President, AREUEA • Former Editor, REE • Homer Hoyt Fellow • George Bloom Award • Ph. D Econ, Stony Brook • 1979 -1983 Urban Institute • 1983 -2004 SMU • 1998 -1999 Wharton • 2004 -present Leeds Research – – Real Estate Markets Development Districts Commercial RE Investments Housing Bubbles

Professor Liang Peng • • Awards and Grants • Weimer School Post-Doctoral • RERI Research Grants (2003, 04, 09, 10) • 2006 RERI Best paper Award • 2006 As. Res Best paper Award • 2005 Royal Institute of Chartered Surveyors Grant 3/18/2018 Assistant Professor Joined Leeds in 2005 Ph. D Economics, Yale (2002) U. Cincinnati (2002 -2005) Research • Housing markets • Price Indices for Illiquid Assets • Investment Returns for Illiquid Assets • • Teaching UG Real Estate Principles UG Real Estate Finance

Instructor, Curtis Sears • • • Teaching: • Real Estate Principles • Real Estate Law • Real Estate Internship • Real Estate Case Competition 3/18/2018 Joined Leeds faculty in 2008 JD University of Colorado School of Law (1992) BBA Southern Methodist University (1983) AACSB Bridge Program (2008) Licensed Attorney (CO and TX)

Adjunct Professor, David Agnew • • • Teaching • Lecturer, Leeds School of Business since 2004, MBA “Real Estate Law” • Lecturer, Urban Land Institute, “Financing and Investing in Real Estate” Seminars 3/18/2018 B. A. cum Laude, St. Olaf College J. D. Washington University Licensed Attorney, Colorado and Missouri • Admitted to Bars of U. S. District Courts for the Eastern District of Missouri, State of Colorado • Former Chairman of the Association of Foreign Investors in Real Estate, 2000 • Former Chief Executive Officer, Amstar Group, Ltd. , 1987 -2003 • Real Estate Investment Consultant, 2003 -2012 Writing • “Entering the U. S. Market: Choosing a Strategy”, Guide to U. S. Real Estate Investing, Association of Foreign Investors in Real Estate, 2003

Adjunct Professor, Kim Koehn • • • Teaching: • MBAX 6620 Project Competition Class 3/18/2018 • Principal, K 2 Ventures, LLC Former President, NAIOP – Colorado Former President/COO, Corporex Colorado Former Senior V. P. , Equity Office Properties Trust (NYSE: EOP) MBA – Finance/Accounting, University of Chicago BENVD – Architecture & Urban Planning, CU-Boulder

Adjunct Professor, Austin Lehr • COO, Dividend Capital Total Realty Trust • Former Executive VP/CIO, Lauth Group, Inc. • Former Investment Director, Schnitzer NW Former President, Beta. West, Ltd. Teaching: • MBAX 6600 Real Estate Principles 3/18/2018 • BA Economics, Williams College • MBA, Northwestern

Adjunct Professor, Adam Massey • • • Awards: • 2010 CUPA (CU Parents Association) Marinus Smith Award 3/18/2018 Lecturer Joined Leeds 2008 MBA Leeds 2002 BS Finance, University of Illinois 1990 2005 Bighorn Center for Public Policy Sustainability Fellowship • Teaching: UG Real Estate Development • Advisor UG RE Case Competition Team

Real Estate Center Sherman R. Miller, Executive Director Awards • NAIOP Broker Achievement • National Branch Manager of the Year, C&W • DBJ/DMCAR, Realtor of the Year • University of Denver, Honorary Dean 3/18/2018 Education • BA Sociology and Economics with distinction, University of Arizona Industry Experience • C&W Executive Managing Director, West Regional Manager • CBRE Senior Sales Consultant, Industrial R. E. Community • Past President Colorado NAIOP • Past Chair CUREC Executive Committee • Past Chair Metro Denver Sports Commission

Associate Director, Katie Latier Primary Responsibilities: • Career and Academic Advising for real estate MBAs including: – Overseeing MBA student job and Internship Placement – Managing the Mentor program – Facilitating networking events – Overseeing the real estate fellowship program • MA, Career Counseling, University of Colorado Denver • BS, Psychology & Zoology, University of Wisconsin • Has worked for the Real Estate Center for over 10 years 3/18/2018 • • Corporate Outreach and Industry Relations Alumni Relations

Assistant Director, Lisa Chambers • • 3/18/2018 Joined CU Real Estate Center July 2010 MSRE Co-Director at University of San Diego for 6 years 14 years of university administrative experience MBA from CU-Boulder Coordinates the Real Estate Certificate student internship and job placement Advisor to UG real estate students on coursework and career issues Real Estate Club advisor Assists with Council membership and fundraising efforts

Administrative Assistant, Lisa Peck • • • Awards/Recognition • Honorary Member, OSU Student Alumni-Council 3/18/2018 • Studied Social Work, The Ohio State University Former Alumni Reunion Coordinator, The Ohio State University Departmental lead for implementation of Netforum database Ex-officio member of Alumnae Scholarship Advisory board, oversaw development funds in excess of 1. 2 M

3/18/2018 The Koelbel Building - Leeds School of Business