The CU Real Estate Center
4/8/2015
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
(Role: Policy Issues per bylaws)
Real Estate
Center
RE Council
Executive
Committee
Advisory Board
(Forming)
Real Estate
Center Staff
* CU Real Estate Foundation partially funds the Center and provides accounting support
4/8/2015
CUREC Sub-Committees
Chairs Report to CUREC Executive Committee
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Alumni
Annual Conference
Continuous Funding
Education
Finance
Internship and Placement
Membership
Quarterly Meeting
Sustainable Development
4/8/2015
CUREC – Sources of Funding
4/8/2015
The CU Real Estate Center
MBA Courses
 Real Estate Principles
 Real Estate Finance and Investments
 Real Estate Economics
 Real Estate Law
 Project Competition Course
 Best Survey Practices in Sustainable Real Estate
Development
4/8/2015
The CU Real Estate Center
MBA Electives
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COLLEGE OF ENGINEERING & APPLIED SCIENCE; CU-BOULDER
– CVEN 5206. Design/Build Development
– CVEN 5246. Legal Aspects of Construction.
– CVEN 52XX. 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
4/8/2015
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)
4/8/2015
The CU Real Estate Center
Undergraduate Electives
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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
Construction Planning and Scheduling
4/8/2015
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)
4/8/2015
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
4/8/2015
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
4/8/2015
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
4/8/2015
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
4/8/2015
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
4/8/2015
The CU Real Estate Center
Internships/Mentoring
• MBA
• Mentoring Firms represented, have included:
4/8/2015
The CU Real Estate Center
Internship/Mentoring
• Undergraduate Real Estate Certificate Students
– Mentoring Firms represented, have included:
4/8/2015
The CU Real Estate Center
Undergraduate Placement
• Some representative firms have included:
4/8/2015
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:
4/8/2015
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
4/8/2015
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.
4/8/2015
CUREC Young Alumni Committee
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Quarterly RE Alumni Events
Communication / Marketing (Facebook, LinkedIn, etc.)
Partnering with the CU Real Estate Center
Sub Committees
– Membership / Outreach
– Networking/Events
– Professional Development / Employment
– Social Media Committee
4/8/2015
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
4/8/2015
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
4/8/2015
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
4/8/2015
The CU Real Estate Center
Curriculum for Sustainable Development
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4/8/2015
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
4/8/2015
The CU Real Estate Center
Services
 Student Placement
 Mentor Program
 Alumni Services
 Conferences/Events
o Annual Conference
o Holiday Party
o Two additional quarterly meetings
o Golf Tournament
 Domestic Trip
 International Trip
4/8/2015
The CU Real Estate Center
Scholarships
 Slifer Family Foundation
 Kenneth Good
 Hochmuth
 Harwood
 Boulder Area Realtors
 Bruce Etkin ULI Fellow Program
4/8/2015
Academic Director
Professor Tom Thibodeau
Teaching
• MBA Real Estate Finance
• MBA Real Estate Economics
• UG Real Estate Finance
• ARGUS
4/8/2015
• Distinguished Fellow, NAIOP
• Former President, AREUEA
• Former Editor, REE
• Homer Hoyt Fellow
• George Bloom Award
• PhD Econ, Stony Brook
• 1979-1983 Urban Institute
• 1983-2004 SMU
• 1998-1999 Wharton
• 2004-present Leeds
Research
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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 AsRes Best paper Award
• 2005 Royal Institute of
Chartered Surveyors Grant
4/8/2015
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Assistant Professor
Joined Leeds in 2005
PhD Economics, Yale (2002)
U. Cincinnati (2002-2005)
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Research
Housing markets
Price Indices for Illiquid Assets
Investment Returns for Illiquid Assets
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Teaching
UG Real Estate Principles
UG Real Estate Finance
Instructor, Curtis Sears
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Teaching:
• Real Estate Principles
• Real Estate Law
• Real Estate Internship
• Real Estate Case
Competition
4/8/2015
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
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Teaching
• Lecturer, Leeds School of
Business since 2004, MBA
“Real Estate Law”
• Lecturer, Urban Land Institute,
“Financing and Investing in
Real Estate” Seminars
4/8/2015
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
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Teaching:
• MBAX 6620 Project
Competition Class
4/8/2015
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Principal, K2Ventures, 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, BetaWest,
Ltd.
Teaching:
• MBAX 6600
Real Estate Principles
4/8/2015
• BA Economics, Williams
College
• MBA, Northwestern
Adjunct Professor, Adam Massey
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Awards:
• 2010 CUPA
(CU Parents Association)
Marinus Smith Award
4/8/2015
Lecturer
Joined Leeds 2008
MBA Leeds 2002
BS Finance, University of Illinois
1990
2005 Bighorn Center for Public
Policy Sustainability Fellowship
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Teaching:
UG Real Estate Development
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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
4/8/2015
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:
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• MA, Career Counseling,
University of Colorado Denver
• BS, Psychology & Zoology,
University of Wisconsin
• Has worked for the Real Estate
Center for over 10 years
4/8/2015
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Overseeing MBA student job and
Internship Placement
Managing the Mentor program
Facilitating networking events
Overseeing the real estate fellowship
program
Corporate Outreach and Industry
Relations
Alumni Relations
Assistant Director, Lisa Chambers
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4/8/2015
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
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Awards/Recognition
• Honorary Member, OSU
Student Alumni-Council
4/8/2015
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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 1.2M
4/8/2015
The
Koelbel Building - Leeds School of Business