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The Urban Land Institute provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI is an independent global nonprofit supported by members representing the entire spectrum of real estate development and land use disciplines.
The ULI Foundation’s mission is to support ULI programs and initiatives through philanthropic gifts. With its enormous intellectual capital and extensive volunteer network, the Institute is uniquely positioned to make a lasting impact on the human condition.
Visit uli.org for more information.
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D E V E L O P I N G F O R H U M A N I T YUrban Land Institute2013 Annual Report
ULI_AR_Cover_v11 Quad.indd 1 3/14/14 2:44 PM
The Urban Land Institute provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI is an independent global nonprofit supported by members representing the entire spectrum of real estate development and land use disciplines.
The ULI Foundation’s mission is to support ULI programs and initiatives through philanthropic gifts. With its enormous intellectual capital and extensive volunteer network, the Institute is uniquely positioned to make a lasting impact on the human condition.
Visit uli.org for more information.
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D E V E L O P I N G F O R H U M A N I T YUrban Land Institute2013 Annual Report
ULI_AR_Cover_v11 Quad.indd 1 3/14/14 2:44 PM
Victoria Davis, president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing
board member
president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing
The knowledge, ideas, and platform for dialogues which ULI provides are
invaluable when it comes to planning new communities such as Rhode Island
Row. By gaining new insights into best practices from around the world and
sharing experiences with other real estate professionals, we are able to create
places that have a positive impact on people’s lives and our cities.
ULI brings together more than 30,000 experts in the fi elds of real estate and land use who volunteer their skills and knowledge each year to help communities around the world
thrive. Through education and leadership initiatives, our members also mentor the next generation of leaders, instilling them with our passion for building the best possible future. At ULI, it is not just the buildings, neighborhoods, and cities we develop that inspire us, it is the people and the lives they create in these places every day. New urban communities such as Rhode Island Row in Washington, D.C., are the embodiment of our mission. What was once an underused site is now a vibrant, sustainable community that is responsible for revitalizing a neighborhood and enhancing the lives of hundreds of residents just like Audel Shokohzadeh. Our Annual Report reviews the work of ULI over the past fi nancial year, but, more important, recognizes the impact our members have made on their communities.
RHODE ISLAND ROW DEVELOPMENT TEAM Theo Rodgers, A&R Development Corp.
Victoria Davis, Urban Atlantic
Stan Wall, WMATA
Marjorie Rodgers, A&R Development Corp.
Urban Atlantic received the 2012 ULI Jack Kemp Award for its work on Rhode Island Row.
01ULIAnnualReport_FOB.indd 2 3/13/14 4:03 PM
The knowledge, ideas, and platform for dialogues which ULI provides are
invaluable when it comes to planning new communities such as Rhode Island
Row. By gaining new insights into best practices from around the world and
sharing experiences with other real estate professionals, we are able to create
places that have a positive impact on people’s lives and our cities.
“I moved to Rhode Island Row in February 2013
when I was offered a job in Washington, D.C.,
as a staff assistant to a senator. Politics is my
passion and I always wanted to work in D.C., but
if it wasn’t for the fact that the development had
homes to rent for people on my income, there is
no way I could afford to live in the city.
“I use the Metro to get to work every day, as
the station is only a minute from my front door,
and it is also useful for meeting my friends who
live all around the city. I love not having to drive
everywhere, and now I don’t even have a car.
“The environment is a really important issue to
me, and the development helps me play my
part in preserving it for the future. Not only can
I use public transit to get everywhere, but there
are recycling facilities on site and energy-saving
lighting and heating in my apartment.
“Most importantly, there is a real sense of
community. You meet people of all ages and
from all walks of life around the development,
and the roof terrace and community center are
great places to meet other residents. Everybody
is friendly and it really feels like home.”
Audel ShokohzadehRhode Island Row, Washington, D.C.
01ULIAnnualReport_FOB.indd 1 3/13/14 4:03 PM
ULI Atlanta member graduates of the Center for Leadership.
01ULIAnnualReport_FOB.indd 2 3/13/14 4:03 PM
You may be wondering why there is a handprint
in cement on the cover of our 2013 Annual
Report. The answer is simple: ULI is about
people. It’s about the critical role ULI plays in the
creation of communities that people enjoy, rather
than merely endure. The handprint is illustrative of the
lasting impact ULI makes on communities around the
world; and, it is symbolic of the long-term nature of the
land use business that compels us to get it right.
One example of getting it right is Rhode Island
Row in Washington, D.C., which appears on the
opening pages of this year’s report. This exemplary
development, a winner of the Terwilliger Center’s
Jack Kemp Workforce Housing Models of Excellence
Awards, shows how our members are making a
difference—every day.
The report covers fiscal year 2013 (July 1, 2012,
through June 30, 2013)—a busy year for ULI, even by
ULI’s standards. We formed relationships that would
have been unheard of just ten years ago, such as
those with the World Economic Forum, Aga Khan
University, Clinton Climate Initiative, and Singapore’s
Centre for Liveable Cities. Other highlights:
■ The ULI Greenprint Center for Building Performance
published an updated report showing improved
building efficiency among Greenprint members.
■ The Rose Center for Public Leadership worked
with its fellows in Louisville, Kentucky; Austin, Texas;
Hartford, Connecticut; and Tacoma, Washington, on
turning land use challenges into community assets.
■ The second ULI Asia Pacific Real Estate Summit
in Shanghai built on the success of the 2012 summit
in Beijing.
■ The establishment of ULI Ireland marked our
14th national council in Europe, reflecting increased
member involvement throughout the region.
■ Initial work began on our Building Healthy Places
Initiative, which is defining the role of land use in
building for health and wellness.
Supporting all of this were hundreds of activities
occurring throughout the year. On any given week
in 2013, it’s a safe bet that somewhere, in some city
in America, Europe, or Asia, a ULI advisory panel
was preparing redevelopment recommendations.
Young Leaders were networking. Council programs
were examining how national trends affect the local
market. Findings from a ULI report were being shared
through social media and ULI.org. A ULI webinar was
explaining the nuts and bolts of getting started in land
use. An awards jury was selecting winners from a list
of cutting-edge projects. A real estate entrepreneur
was being interviewed for Urban Land magazine. All of
this contributed to ULI’s global success.
As ULI expanded its reach in 2013, it also became
more decentralized, which was reflected in a new
governance structure for the District and National
Council network. The Institute benefited from a
new governance structure consisting of a board
of directors, created to oversee strategy and
administration, freeing up the ULI trustees to focus
on the Institute’s intellectual content and guide its
priority areas. ULI also benefited from the creation
of a new ULI Foundation board that oversees
Foundation support for ULI. These new governing
bodies are working in lockstep to advance ULI’s
mission. Creating thriving, economically successful
communities is, above all, what matters most.
The program of work in the Annual Report is
organized around six areas of focus: Developing
Excellence through Education; Driving Innovation
in Real Estate and Urban Development; Advising
Communities in Need; Shaping Cities and Regions;
Building Sustainably; and Connecting Capital and the
Built Environment. In each of these areas, you will find
significant progress made toward advancing ULI’s
mission locally and globally.
We hope you find our Annual Report informative and
enlightening. Thank you for supporting ULI.
M E S S A G E F R O M T H E C H A I R M A N A N D C E O | 3
Peter S. Rummell
ULI Chairman, July 1, 2011–June 30, 2013
Patrick L. Phillips
ULI Chief Executive Officer
ULI Atlanta member graduates of the Center for Leadership.
Message from the Chairman and CEO
01ULIAnnualReport_FOB.indd 3 3/13/14 4:03 PM
T he ULI Foundation’s mission is to support ULI
programs and initiatives through philanthropic
gifts. With its enormous intellectual capital
and extensive volunteer network, the Institute is
uniquely positioned to make a lasting impact on the
human condition.
ULI’s impact is the impact of more than 30,000 land
use and real estate leaders, all sharing a commitment
to build a better world. Every day, ULI—through the
work of its members—improves the lives of millions of
people around the globe by creating communities that
are prosperous, sustainable, and livable.
By choosing to be part of ULI, we are embracing a
cause that is noble, transformative, and profound. Our
cause is this: promoting responsible land use to help
people achieve a higher quality of life and improve
economic productivity.
ULI’s work bridges the gap between macro-level
concepts too abstract for practical use, and micro-
level details too specific to be widely applicable.
Our influence is not always immediately apparent,
because it affects how cities grow—and that is, of
course, a long-term process. But what we do matters
for the long haul.
The 2013 Annual Report provides a snapshot
of how ULI’s work inspires outcomes of lasting
benefit. This is illustrated in the testimonial of Audel
Shokohzadeh, a U.S. government employee whose
day-to-day life in Washington, D.C., was made easier
by the opportunity to live in workforce housing—a
development recognized with a 2012 award from the
ULI Terwilliger Center for Housing.
Audel’s story reminds us that our business is a people
business. How people feel about their communities
is important. And while what they want and need
changes over time, what does not change is the
basic desire for a high quality of life. This presents an
extraordinary opportunity for all of us. Not because
we build places, but because we shape people’s lives.
With our enormous intellectual capital and extensive
volunteer network, ULI’s global imprint is like that of
no other land use organization. This phenomenal
impact is why I’m proud to chair the ULI Foundation.
It’s why I’m passionate about ULI as an institution
worthy of philanthropic gifts. It’s why I take great
pride in the Foundation’s support for the Institute’s
work highlighted in this Annual Report. Every ULI
publication, every convening, every service is a tool
to spur action—and ultimately, provide a positive
outcome.
Giving to ULI is giving to an organization that is taking
on the tough issues that affect people’s lives. Issues
like how to provide affordable housing. Create safe
streets. Offer transit alternatives. Conserve energy
and natural resources. Protect the environment.
These are quality-of-life issues. These are issues that
define the future. They shape the choices people
make about where and how they live. They shape the
choices that businesses, communities, and regions
make about where to invest and where to grow. And
ULI’s involvement in these issues—as documented
in this report—will lead to better choices that make a
better world.
James J. Curtis III
ULI Foundation Chairman
Message from the ULI Foundation Chairman
4 | U L I 2 0 1 3 A N N U A L R E P O R T
In Nashville, Tennessee, residents and visitors alike enjoy Cumberland Park, a 2013 Urban Open Space Award finalist.
01ULIAnnualReport_FOB.indd 4 3/13/14 4:03 PM
In Nashville, Tennessee, residents and visitors alike enjoy Cumberland Park, a 2013 Urban Open Space Award finalist.
01ULIAnnualReport_FOB.indd 5 3/13/14 4:03 PM
ULI’s Global Impact
Organized into 125 member communities connecting people with
shared experiences and interests
Global Members30,000
ULI has members in 75 countries around the world
Member Countries75
Student participants in ULI's UrbanPlan program and the Gerald D. Hines
Student Urban Design Competition in the current academic year
Student Participants4,215
Equivalent value of time donated by ULI district and national
councils to their communities
$5,000,000
The ULI social media network reaches over 300,000 people globally each year.
ULI brings together more than 30,000 experts in the fields of real estate and land use who each year help
communities around the world thrive. In 2013, we made a significant impact through education and leadership
initiatives that instill our passion for building the best possible future across the world.
Cars’ worth of CO2 emissions eliminated by ULI Greenprint
members since inception
ULI Foundation Governors donating time and money to further
ULI’s philanthropic works
Governors 273
Raised by the ULI Foundation Annual Fund in 2013
$1,573,000
More than 250 members volunteered their expertise as panelists in 2013, taking the
total number of communities helped by the program to over 600 since 1947
50,615
Advisory Service Panels11
01ULIAnnualReport_FOB.indd 6 3/13/14 4:04 PM
ULI’s Global Impact
Organized into 125 member communities connecting people with
shared experiences and interests
Global Members30,000
ULI has members in 75 countries around the world
Member Countries75
Student participants in ULI's UrbanPlan program and the Gerald D. Hines
Student Urban Design Competition in the current academic year
Student Participants4,215
Equivalent value of time donated by ULI district and national
councils to their communities
$5,000,000
The ULI social media network reaches over 300,000 people globally each year.
ULI brings together more than 30,000 experts in the fields of real estate and land use who each year help
communities around the world thrive. In 2013, we made a significant impact through education and leadership
initiatives that instill our passion for building the best possible future across the world.
Cars’ worth of CO2 emissions eliminated by ULI Greenprint
members since inception
ULI Foundation Governors donating time and money to further
ULI’s philanthropic works
Governors 273
Raised by the ULI Foundation Annual Fund in 2013
$1,573,000
More than 250 members volunteered their expertise as panelists in 2013, taking the
total number of communities helped by the program to over 600 since 1947
50,615
Advisory Service Panels11
01ULIAnnualReport_FOB.indd 7 3/13/14 4:04 PM
8 | U L I 2 0 1 3 A N N U A L R E P O R T
The cover of Urban Land, the magazine of the Urban Land Institute, featuring Riverfront Park in Denver, a ULI Award for Excellence winner.
01ULIAnnualReport_FOB.indd 8 3/13/14 4:04 PM
U L I F I N A N C I A L P E R F O R M A N C E
ULI Financial Performance
2013 2012Assets Cash and short-term investments 8,074,401 7,227,089 Receivables, net Funding for ULIF (loan callback) 10,000,000 10,000,000 ULIF temporarily restricted gifts 25,928,755 26,097,382 ULIF operations 3,158,935 2,341,868 Other 1,506,339 1,086,439 Inventory 216,662 220,775 Prepaid expenses and deposits 982,106 821,352 Investments 4,240,953 3,974,532 Property and equipment, net 2,031,436 2,701,105
Total assets 56,139,587 54,470,542 Liabilities Accounts payable 2,586,684 2,000,563 Accrued expenses 2,815,093 2,628,701 Deferred revenue 8,687,328 8,802,445 Deferred rent 613,573 763,260
Total liabilities 14,702,678 14,194,969 Net assets Unrestricted Undesignated 7,570,473 7,376,032 Board designated—District Councils 7,886,080 6,748,635
Total unrestricted 15,456,553 14,124,667 Temporarily restricted 25,980,356 26,150,906
Total net assets 41,436,909 40,275,573
56,139,587 54,470,542
2013 Global operations District Councils Temp restricted Total 2012Revenue and support District Council (local programs) — 18,363,492 — 18,363,492 17,741,770 Meetings and conferences 12,652,471 — — 12,652,471 12,806,956 Membership 11,945,326 — — 11,945,326 11,298,443 Content 6,714,438 — — 6,714,438 5,850,338 Advisory Services 1,386,743 — — 1,386,743 1,672,119 Urban Land magazine 1,384,697 — — 1,384,697 1,398,473 Product Councils 1,381,149 — — 1,381,149 1,190,566 Publishing 863,114 — — 863,114 804,569 Professional development 769,278 — — 769,278 696,936 District Council support from ULI 614,894 — — 614,894 744,025 Awards 608,912 — — 608,912 286,355 Net assets released from restrictions — — (170,550) (170,550) (1,243,538) Other 123,812 — — 123,812 137,095
Total revenue and support 38,444,834 18,363,492 (170,550) 56,637,776 53,384,107
Expenses District Council (local programs) — 17,226,047 — 17,226,047 16,413,413 Meetings and conferences 7,503,358 — — 7,503,358 7,739,407 Membership 2,985,902 — — 2,985,902 2,561,013 Content 9,269,091 — — 9,269,091 8,970,056 Advisory Services 1,492,105 — — 1,492,105 1,645,806 Urban Land magazine 1,900,874 — — 1,900,874 2,096,675 Product Councils 1,730,791 — — 1,730,791 1,649,924 Publishing 985,455 — — 985,455 1,153,688 Professional development 883,096 — — 883,096 896,416 District Council support from ULI 5,421,423 — — 5,421,423 5,074,169 Awards 916,269 — — 916,269 639,304 Strategic Communications 2,241,880 — — 2,241,880 1,848,273 ULI Foundation contribution 1,967,408 — — 1,967,408 1,275,119 Development 1,100,950 — — 1,100,950 1,304,491
Total expenses 38,398,602 17,226,047 — 55,624,649 53,267,754
Net income before investments 46,232 1,137,445 (170,550) 1,013,127 116,353 Investment gain / (loss) 148,209 — — 148,209 35,697 Change in net assets 194,441 1,137,445 (170,550) 1,161,336 152,050
“What we’ve achieved this year—through initiatives both global and local—represents great progress in broadening our infl uence and in making ULI matter to more people in more places.”
—Peter RummellPrincipal, Rummell Company
U L I F I N A N C I A L P E R F O R M A N C E | 9
BALANCE SHEET
STATEMENT OF ACTIVITIES
01ULIAnnualReport_FOB.indd 9 3/13/14 4:04 PM
John L. BucksbaumCEOBucksbaum Retail Properties LLCChicago, IL
Preston ButcherChairman and Chief Executive Offi cerLegacy PartnersFoster City, CA
Joseph C. Canizaro*President/Chief Executive Offi cerColumbus Properties LPNew Orleans, LA
Colleen M. CareyPresidentThe Cornerstone GroupBloomington, MN
Lynn CarltonDirector of Planning360 ArchitectureKansas City, MO
Daryl J. CarterChairman and Chief Executive Offi cerAvanath Capital ManagementIrvine, CA
James J. Chaffi n*ChairmanChaffi n Light Management LLCOkatie, SC
J. Christopher Chaffi nVP DevelopmentChaffi n Light Management LLCOkatie, SC
Anthony ChangVice PresidentCassidy TurleyVienna, VA
Koon Hean CheongChief Executive Offi cerHDB HubSingapore
Raymond ChowExecutive DirectorHongkong Land Ltd.Central, Hong Kong
Frank CohenSenior Managing DirectorBlackstone Real Estate AdvisorsNew York, NY
Michael CovarrubiasChairman and CEOTMG PartnersSan Francisco, CA
James J. CurtisManaging PartnerBristol Group Inc.San Francisco, CA
John C. CushmanCochairman of the BoardCushman & Wakefi eld Inc.Los Angeles, CA
Richard J. DishnicaPresidentThe Dishnica Company LLCPoint Richmond, CA
Michael D. FascitelliVornado Realty TrustNew York, NY
Charles H. FedalenExecutive Vice President GroupHead, Wells Fargo CRE Institutional &
Metro Markets GroupWells Fargo Real Estate Banking GroupIrvine, CA
Michael FoustChief Executive Offi cerDigital Realty TrustSan Francisco, CA
Harry H. Frampton*Managing PartnerEast West Partners—Western DivisionAvon, CO
Theresa O. FrankiewiczVice President of Community
DevelopmentCrown Community DevelopmentNaperville, IL
Lizanne GalbreathManaging PartnerGalbreath & CompanyNorwalk, CT
Thomas GarbuttHead of Global Real EstateTIAA-CREFNew York, NY
Mark D. GibsonExecutive Managing DirectorHFFDallas, TX
Richard M. GollisPrincipalThe Concord Group LLCNewport Beach, CA
Rosalind E. GorinPresident and CEOH.N. Gorin Inc.Boston, MA
Gerard H.W. GroenerChief Executive Offi cerCorioUtrecht, Netherlands
Greenlaw Grupe*ChairmanThe Grupe CompanyStockton, CA
John S. HagestadManaging DirectorSares Regis GroupIrvine, CA
John J. HealyPrincipalHyde Street Holdings LLCRaleigh, NC
Pamela J. HerbstManaging DirectorAEW Capital Management LPBoston, MA
John W. HigginsChairman, Chief Executive Offi cerHiggins Development PartnersChicago, IL
Dorine Holsey StreeterExecutive Vice PresidentJames Campbell Company LLCSan Francisco, CA
Trustees and GovernanceKenneth W. HubbardExecutive Vice PresidentHinesNew York, NY
Kirk HumphreysChairmanThe Humphreys CompanyOklahoma City, OK
Gregory K. JohnsonPresidentWright Runstad & CompanySeattle, WA
Marty JonesPresident and CEOMassDevelopmentBoston, MA
Neisen O. KasdinManaging ShareholderAkerman Senterfi ttMiami, FL
Chaim KatzmanChairman of the BoardGazit Group USA Inc.Miami, FL
Gadi KaufmannManaging Director/Chief Executive Offi cerRCLCOBethesda, MD
Anne T. KavanaghGlobal Head of Asset ManagementAXA Real Estate Investment ManagersLondon, United Kingdom
Michael F. Kelly*Retired Managing DirectorMadison Marquette Realty ServicesEdina, MN
Mary Ann KingPresidentMoran & CompanyIrvine, CA
Bill KistlerManaging PartnerKistler & CompanyLondon, United Kingdom
James D. Klingbeil*Chairman and CEOKlingbeil Capital ManagementSan Francisco, CA
Barbara Knofl achChief Executive Offi cerSEB Asset Management AGFrankfurt, Germany
Hakan KodalPresident and CEOKREA Real EstateIstanbul, Turkey
A. Eugene KohnChairmanKohn Pedersen FoxNew York, NY
Jeffrey S. KottManaging PartnerBristol GroupSan Francisco, CA
John Z. KukralPresidentNorthwood InvestorsNew York, NY
ULI BOARD OF DIRECTORSPeter Rummell, ChairmanJeremy Newsum, Immediate Past
ChairmanJames J. Curtis, ULI Foundation
ChairmanScott Malkin, Europe ChairmanRaymond Chow, Asia RepresentativePatrick L. Phillips, ULI CEOCharles Leitner, TreasurerLynn Thurber, SecretaryJoseph Azrack, At LargeRandall Bone, At LargeMichael D. Fascitelli, At LargeRobert Lieber, At LargeTodd Mansfi eld, At LargeHamid Moghadam, At LargeJon Zehner, At Large
ULI OPERATING COMMITTEEPatrick L. Phillips, ChairmanPeter Rummell, Ex-Offi cioRichard Dishnica, CouncilsGadi Kaufmann, MembershipDavid Mayhood, District CouncilsSteve Navarro, ProgramBret Wilkerson, Policy & Practice
TRUSTEES
Douglas D. AbbeyChairman, Swift Real Estate PartnersSan Francisco, CA
Naoto AibaDirector and Senior Executive Offi cerMitsubishi Estate Co. Ltd.Tokyo, Japan
Joseph F. AzrackManaging PartnerApollo Global Real EstateNew York, NY
Peter E. BaccileUBSNew York, NY
Jeff T. BlauChief Executive Offi cerThe Related Companies LPNew York, NY
Randall BonePresident and COOSunrise CompanyAspen, CO
Jonathan H. BrinsdenExecutive Vice President/Chief Operating
Offi cerMidway CompaniesHouston, TX
Cia BuckleyChief Investment Offi cerDune Real Estate Partners LPNew York, NY
* Past Chairman of ULI
1 0 | U L I 2 0 1 3 A N N U A L R E P O R T
01ULIAnnualReport_FOB.indd 10 3/13/14 4:04 PM
T R U S T E E S A N D G O V E R N A N C E
Christopher W. KurzPresident and CEOLinden Associates Inc.Baltimore, MD
Reinhard KutscherChairman of the Management BoardUnion Investment Real Estate GmbHHamburg, Germany
M. Leanne LachmanPresidentLachman Associates LLCNew York, NY
Steven R. LeBlancFounding PartnerCapRidge Partners LLCAustin, TX
Charles B. LeitnerPresidentThe Berkshire GroupBoston, MA
Robert C. LieberExecutive Managing DirectorIsland Capital GroupNew York, NY
Peter D. LinnemanChief Executive OfficerAmerican Land FundPhiladelphia, PA
Vincent H.S. LoChairmanShui On Holdings Ltd.Wanchai, Hong Kong
Mary K. LudginManaging DirectorHeitmanChicago, IL
Victor B. MacFarlaneCEOMacFarlane PartnersSan Francisco, CA
Scott D. MalkinChairman of ULI EuropeValue Retail plc and SD Malkin PropertiesLondon, United Kingdom
Todd W. Mansfield*President and CEOCrescent Resources LLCCharlotte, NC
Roy Hilton MarchChief Executive OfficerEastdil SecuredSanta Monica, CA
Lauralee E. MartinPresident and CEOHCPLong Beach, CA
David R. MayhoodPresidentMayhood CompanyMcLean, VA
Robert B. McLeodChairman/Chief Executive OfficerNewland Real Estate GroupSan Diego, CA
John E. McNellisPartnerMcNellis Partners LLCPalo Alto, CA
Robert R. MerckSenior Managing DirectorMetLife Real EstateMorristown, NJ
Hamid R. MoghadamChairman and CEOPrologisSan Francisco, CA
Marc MogullManaging PartnerBenson Elliot Capital ManagementLondon, United Kingdom
Gerard MooneyVP, Global Smarter CitiesIBMHopewell Junction, NY
Barry G. MossPartner/PrincipalErnst & Young LLPNew York, NY
Bahram MotamedianManaging Director, Portfolio
ManagementUSAA Real Estate CompanySan Antonio, TX
Stephen P. NavarroPresident and CEOCBRE/Furman Co.Greenville, SC
Daniel M. NeidichChief Executive OfficerDune Real Estate PartnersNew York, NY
Jeremy Newsum*Executive TrusteeGrosvenorLondon, United Kingdom
Robert O’BrienPartnerDeloitteChicago, IL
Joseph W. O’Connor*President and Chief Executive OfficerSingleton AssociatesNorth Palm Beach, FL
Dennis D. OklakChairman/President/CEODuke RealtyIndianapolis, IN
Roger G. OrfManaging DirectorApollo Management International LLPLondon, United Kingdom
Alexander OttoChief Executive OfficerECE Projektmanagement GmbH & Co. KGHamburg, Germany
Thomas D. OwensSenior Managing Director/
Chief Risk OfficerHinesHouston, TX
Peter A. PappasPresident/Managing PartnerPappas Properties LLCCharlotte, NC
Gerald N. ParkesChief Executive OfficerPacific Real Estate Capital PartnersLondon, United Kingdom
Richard L. PerlmutterPrincipalArgo Development CompanyRockville, MD
Marc PerrinThe Roxborough GroupSan Francisco, CA
Patrick L. PhillipsChief Executive OfficerUrban Land InstituteWashington, DC
Olivier PianiChief Executive OfficerAllianz Real Estate GmbHParis, France
Richard H. PowersGreenwich, CT
Richard T.G. PriceChief Executive–Asia PacificCBRE Global InvestorsCentral, Hong Kong
I. Rocke Ransen*Chairman/CEOMondev International Ltd.Montreal, Canada
Diana ReidExecutive Vice PresidentPNC Real EstatePittsburgh, PA
Dale Anne ReissArtemis Advisors LLCNew York, NY
Kim A. RichardsPresidentThe Athens GroupPhoenix, AZ
Philip A. RiordanGE Asset ManagementStamford, CT
Struan RobertsonExecutive Vice PresidentHost Hotels & Resorts LPBethesda, MD
Joseph B. RosePartnerThe Georgetown CompanyNew York, NY
Kenneth T. RosenChairmanFisher Center for R.E. & U.E. Haas
School of BusinessBerkeley, CA
Randy K. RoweChairmanGreen Courte Partners LLCLake Forest, IL
Peter S. RummellPrincipalRummell CompanyJacksonville, FL
Hitoshi SaitoExecutive Managing DirectorMitsui Fudosan Co. Ltd.Tokyo, Japan
Richard B. SaltzmanPresidentColony Capital LLCNew York, NY
Deborah Ratner SalzbergPresidentForest City Enterprises Inc.Washington, DC
Robert M. SharpeManaging PartnerRancho SahuaritaTucson, AZ
Jonathan ShortExecutive Chairman & Founding PartnerInternos Real InvestorsLondon, United Kingdom
Kelley J. SmithPrincipalKensington Realty AdvisorsChicago, IL
J. Allen SmithChief Executive OfficerPrudential Real Estate InvestorsMadison, NJ
Michael SpiesSenior Managing DirectorTishman SpeyerLondon, United Kingdom
Geoffrey L. StackManaging DirectorSares Regis GroupIrvine, CA
Martin E. SteinChairman/Chief Executive OfficerRegency Centers CorporationJacksonville, FL
Van J. StultsManaging DirectorOrion Capital ManagersLondon, United Kingdom
Ron D. SturzeneggerLegacy Asset Servicing ExecutiveBank of America Merrill LynchCalabasas, CA
Marilyn Jordan Taylor*Dean and Paley ProfessorUniversity of Pennsylvania School of DesignPhiladelphia, PA
J. Ronald Terwilliger*Oyster Bay, NY
Owen D. ThomasChief Executive OfficerBoston PropertiesNew York, NY
Lynn ThurberChairmanLaSalle Investment ManagementChicago, IL
Alyson ToombsManaging DirectorSilvermine Development Partners LLCNew Canaan, CT
Thomas W. ToomeyPresident/Chief Executive OfficerUDR IncLittleton, CO
Simon TreacyManaging Director, Global CIO and
Head of U.S. EquityBlackRock Real EstateNew York, NY
Simon M. TurnerPresident, Global DevelopmentStarwood Hotels and ResortsStamford, CT
Daniel C. Van EppExecutive Vice PresidentNewland Real Estate GroupLas Vegas, NV
Greg J. VogelChief Executive OfficerLand Advisors OrganizationScottsdale, AZ
John M. WalshPresidentTIG Real Estate Services Inc.Dallas, TX
Jaidev WatumullVice PresidentWatumull Properties CorporationHonolulu, HI
Ronald WeidnerFounder and CEOPLB Capital PartnersSan Francisco, CA
Bret R. WilkersonManaging DirectorHawkeye Partners LPAustin, TX
Kazuhiko YamamotoExecutive Vice PresidentMori Building Company Ltd.Tokyo, Japan
Smedes York*ChairmanYork Properties Inc.Raleigh, NC
Jon H. ZehnerGlobal Head of Capital MarketsLaSalle Investment ManagementLondon, United Kingdom
T R U S T E E S A N D G O V E R N A N C E | 1 1
01ULIAnnualReport_FOB.indd 11 3/13/14 4:04 PM
ULI Foundation Financial Performance
2013 2012Assets Cash and short-term investments 532,867 1,100,473 Endowment and annual fund pledges 10,041,436 10,307,745 Long-term investment 44,316,915 40,537,505 Website net of amortization 17,633 9,058 Accrued interest receivable 91,261 97,199
Total assets 55,000,112 52,051,980 Liabilities ULI reserve 10,000,000 10,000,000 Accounts payable 3,158,936 2,341,868 Grant funds in advance 60,139 122,090
Total liabilities 13,219,075 12,463,958 Net assets Unrestricted 5,982,131 4,130,669 Temporarily restricted 26,814,666 26,869,464 Permanently restricted 8,984,240 8,587,889
Total net assets 41,781,037 39,588,022
Total net assets and liabilities 55,000,112 52,051,980
2013 Temporarily Permanently 2012
Unrestricted restricted restricted Total totalSupport and revenue Contributions 920,309 1,487,187 363,110 2,770,606 4,013,827 Contributions from ULI 1,967,408 — — 1,967,408 1,275,119 Interest and dividends, net of fees 367,571 547,656 14,122 929,349 753,937 Net assets released from restrictions 3,936,810 (3,909,050) (27,760) — —
Total support and revenue 7,192,098 (1,874,207) 349,472 5,667,363 6,042,883 Expenses Grants to ULI 5,284,415 — — 5,284,415 5,325,680 Fundraising 563,332 — — 563,332 1,415,365 General and administrative 684,613 — — 684,613 357,423
Total expense 6,532,360 — — 6,532,360 7,098,468 Change in net assets before investment gain 659,738 (1,874,207) 349,472 (864,997) (1,055,585)Investment gain / (loss) 1,191,724 1,819,409 46,879 3,058,012 (506,969)
Change in net assets 1,851,462 (54,798) 396,351 2,193,015 (1,562,554)
“From Hong Kong to Houston, from Los Angeles to London, ULI’s guidance is trusted and effective. In a world transformed by technology and economic globalization, the world’s cities need ULI’s wisdom now more than ever. We are all the better for your dedication, your perseverance, and your commitment to creating a more sustainable world.”
—Former U.S. President Bill Clinton
ULI’s Governors’ Retreat at Silicon Valley.
1 2 | U L I 2 0 1 3 A N N U A L R E P O R T
BALANCE SHEET
STATEMENT OF ACTIVITIES
01ULIAnnualReport_FOB.indd 12 3/13/14 4:04 PM
U L I F O U N D A T I O N
ULI Foundation Financial Performance
ULI Gerald D. Hines Student Urban Design Competition.
U L I F O U N D AT I O N | 1 3
01ULIAnnualReport_FOB.indd 13 3/13/14 4:04 PM
Benefactor$1 MILLION OR MOREJohn BucksbaumJoseph CanizaroGerald HinesJames KlingbeilDaniel RoseJ. Ronald Terwilliger
Sustainer$500,000 TO $999,999Stephen ChamberlinSusan ChamberlinJames CurtisStan Ross
Developer$250,000 TO $499,999Douglas AbbeyCharles CobbBruce EtkinWilliam FergusonHarry FramptonLizanne GalbreathGreenlaw GrupeJohn HagestadMichael HorstCharles LeitnerBowen McCoyRobert McLeodRonald NahasJon ReynoldsPeter RummellJames ToddGreg Vogel
Builder$100,000 TO $249,999Toni AlexanderMahlon ApgarJoseph AzrackPreston ButcherJames DeFranciaRichard GollisRosalind GorinJames HarrisJohn HealyPatricia HealyGadi KaufmannMark KehkeFrederick KoberEric LarsonAnthony MansourFrancis Najafi Roger OrfPatrick L. PhillipsJerome RappaportMichael SchuelerGeoffrey StackLynn ThurberThomas Toomey
Frank Transue
Governor$50,000 TO $99,999Andrea AmadesiJohn AndersonKenneth BalinPeter BedfordMarshall BennettJeff BlauDavid BohannonG. Niles BoltonClifford BoothMary BorgiaKenneth BrodyJoseph BrownWilliam BurgeTim ByrneWilliam Caldwell
Patrick CallahanJames CallardSuzanne CameronR. Byron CarlockDougal CaseyGeorge CaseyDaniel CashdanJohn CecilKathleen CecilianJames Chaffi nA. Larry ChapmanDavid ChristensenMartin CiccoFrank CohenMichael CovarrubiasGlen CoverdaleThomas CoxDouglas CrockerJames DidionRichard DiedrichRichard Dishnica
Thomas DonnellyWayne DoranRonald DrukerRonald EastmanEric EichlerRay EllisonDouglas EtkinStephen EvansMichael D. FascitelliGary FenchukArthur FieldsStephen FurnaryJohn GatesAlan GeorgePat GoldsteinJohn GrahamHarvey GreenKevin HackettVeronica HackettV.R. HalterW. Easley Hamner
ULI Foundation Governors Program
Lizanne Galbreath and son Kyle Megrue at the ULI Governors’ Retreat at Silicon Valley.
1 4 | U L I 2 0 1 3 A N N U A L R E P O R T
01ULIAnnualReport_FOB.indd 14 3/13/14 4:04 PM
James HarperThomas HarrisonMichael HaydeW. Dean HenryE. Eddie HensonJohn HerbertDorine Holsey StreeterDavid HowertonKenneth HubbardKenneth HughesPhillip HughesRobert HughesGregory HummelWayne HyattStanley IezmanThomas IkeClyde JacksonF. Scott JacksonRandal JacksonEdward JamesFrank JansenBruce JohnsonDavid JohnsonGregory JohnsonNeisen KasdinI. Michael KasserGerald KatellEdmond KavounasMichael KellyStuart Ketchum
Donald KingRobert KlineDonald KnabCarl KoelbelWalter KoelbelA. Eugene KohnJeffrey KottMark KrollCraig KrumwiedeJames KuhnJohn KukralChristopher KurzM. Leanne LachmanTom LangPatrick LeardoSteven LeBlancRandall LewisRobert LieberJames LightPeter LinnemanStuart LiptonAnthony LoPintoRobert LoweJeremiah LuceyBruce LudwigVictor MacFarlaneJames MaginnRobert MaguireAkio MakiyamaScott Malkin
Todd MansfieldRoy MarchGeorge MarcusMarvin MarshallJ. Kell MartinMelinda MassonMichael MatkinsDavid MayhoodWilliam McCallLynn McCarthyThomas McMullenDonald McNamaraJohn McNellisRaymond MikulichHenry MillerPeter MoisterBarry MossVicki MullinsRaymond NasherDaniel NeidichDavid NelsonJeremy NewsumRobert NilssonGeorge NolteRobert O'BrienJoseph O'ConnorJohn O'DonnellHenry PaparazzoPeter PappasGerald ParkesDarryl ParmenterPhilip PayneGeorge PeacockJohn PearcyRichard PeiserRichard PerlmutterFredrick PetriDante PetrocchiMichael PhillipsWillis PoliteLat Wesley PurserStephen QuazzoWhayne QuinI. Rocke RansenWayne RatkovichJames RatnerJohn ReedDale Anne ReissRichard ReynoldsWilliam ReynoldsKim RichardsJames RichmondJohn RopesRichard RosanAlex RoseRonald RosenfeldHoward RothRandall RoweMitchell RudinRobert RuthRichard SaltzmanFederico Sanchez-FeblesFederico Sanchez-OrtizLynn SedwayGregory SenkevitchRobert SharpeHarold ShippRonald SilvermanRichard SimRichard SinkulerMatthew SlepinAdrian SmithJames SmithKelley SmithJerry SpeyerMichael SpiesFrank StanekRobert SteinbergPhillip StephensRobert StineFederico StubbeJeffrey SwopeA. Alfred TaubmanMarilyn Jordan TaylorJohn TempleOwen Thomas
William TooleyDaniel Van EppAlexis VictorsMark VietsGeorge von LiphartDavid WaiteJohn WalshRobert WebsterRobert WeekleyGregory WeingastJohn WilliamsLeonard WoodDennis YeskeySmedes YorkRoger ZanariniF. Karl ZavitkovskyJon ZehnerSamuel ZellClaude Zinngrabe
ULI FOUNDATION BOARD OF DIRECTORSJames Curtis, ULI Foundation
ChairmanJames Klingbeil, ULI Foundation
Chairman EmeritusPeter Rummell, ULI ChairmanPatrick Phillips, ULI CEORandy Rowe, TreasurerJohn Healy, SecretaryGeoffrey Stack, Annual Fund
ChairmanRoger Orf, ULI Charitable Trust
ChairmanJohn Bucksbaum, At-LargeBruce Etkin, At-LargeRosalind Gorin, At-LargeRobert Lieber, At-LargeJames Todd, At-LargeBret Wilkerson, At-Large
“ The power of an endowment is that it allows you to deliver on your mission in both good times and bad.”
—Mark Kehke, ULI Foundation Governor
U L I F O U N D AT I O N | 1 5
U L I F O U N D A T I O N
01ULIAnnualReport_FOB.indd 15 3/13/14 4:04 PM
ULI Foundation Major Donors
Major Gifts and EndowmentsJ. Ronald TerwilligerULI J. Ronald Terwilliger Center for HousingULI J. Ronald Terwilliger Chair for Housing
Daniel RoseULI Daniel Rose Center for Public
Leadership in Land Use
Miller Nichols Charitable FoundationULI J.C. Nichols Prize for Visionaries
in Urban Development
Gerald HinesULI Gerald D. Hines Student Urban Design Competition
Joseph C. CanizaroJames D. KlingbeilULI Canizaro/Klingbeil Families Chair for Urban Design
Matthew and John BucksbaumULI Bucksbaum Family Chair for Retail
J. Ronald TerwilligerULI J. Ronald Terwilliger Chair for Housing
Peter Rummell, Harry FramptonULI Charles E. Fraser Chair for Sustainable Development
and Environmental Policy
Stan RossULI Stan Ross Real Estate Trends Conference
Charles LeitnerULI Greenprint Center for Building Performance
Steve and Susan ChamberlinGraduate Student Fellowships: University of California at
Berkeley, University of Pennsylvania, and Cornell University
Bruce EtkinGraduate Student Fellowship: University of Colorado
Bowen “Buzz” McCoyULI McCoy Symposium on Real Estate Finance
Charles H. Shaw (1933–2006)ULI Charles H. Shaw Forum on Urban Community
Issues
Robert C. Larson (1934–2010), Thomas W. Toomey, and Michael HorstULI Robert C. Larson Leadership Initiative
John S. HagestadULI Advisory Services Program
Douglas D. AbbeyULI Douglas D. Abbey Research and Education
Endowment
Carolyn and Preston Butcher ULI Carolyn and Preston Butcher Forum on Multifamily
Housing
Legacy Circle MembersJoseph C. CanizaroJames J. CurtisBruce EtkinGreenlaw GrupeJohn S. HagestadStuart KetchumJames D. KlingbeilRoy Hilton MarchBowen “Buzz” McCoyPeter S. RummellGreg Vogel
Estate GiftsMelvin SimonLawrence Smith
2013 Project GiftsGeorge MarcusReal Estate Entrepreneurs Program
Randall LewisBuilding Healthy Places Initiative
James ToddTen Principles of Building Healthy Places
Bruce JohnsonBuilding for Wellness: The Business Case
Peter PappasProfi les in Leadership
Linda LawWomen’s Leadership Initiative
Peter RummellCharles E. Fraser Chair for Sustainable Development
Patricia and John HealyReal Estate and Technology Initiative
Greg VogelLarge Landowners Forum
Kenneth HubbardULI Greenprint Center for Building Performance
ADVISING COMMUNITIES IN NEED
Deliver the
experience and
expertise of ULI
members to
communities facing
critical land use
challenges
SHAPING CITIES AND REGIONS
Foster the planning
and development of
vibrant, competitive
metropolitan
areas through
sharing global
best practices and
promoting effective
relationships
among business,
government,
and community
stakeholders
DEVELOPING EXCELLENCE THROUGH EDUCATION
Create learning
experiences
that develop
professional
expertise and
personal leadership
skills in support of
the individual, the
community, and the
real estate industry
DRIVING INNOVATION IN REAL ESTATE AND URBAN DEVELOPMENT
Analyze the
evolution of real
estate market
demand, changing
technology,
policy trends, and
investment patterns
to help identify
opportunities,
develop creative
responses, and
manage risk
BUILDING SUSTAINABLY
Clarify the
connections among
responsible use
of resources, the
built environment,
and long-term
environmental
health, and
demonstrate a
compelling business
case for resource
effi ciency
CONNECTING CAPITAL AND THE BUILT ENVIRONMENT
Ensure the
attractiveness of
real estate to global
allocators of capital
by understanding
and explaining the
dynamics affecting
real estate value
1 6 | U L I 2 0 1 3 A N N U A L R E P O R T
ULI’S PROGRAM PRIORITIES
Gerald D. Hines
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U L I F O U N D A T I O N
U L I F O U N D AT I O N | 1 7
Gerald D. Hines
01ULIAnnualReport_FOB.indd 17 3/13/14 4:04 PM
National and District Councils
1 8 | U L I 2 0 1 3 A N N U A L R E P O R T
ULI’s network of 71 District
Councils and National
Councils worldwide has
continued to have a meaningful
impact at the local level, delivering
over 1,100 programs attended
by more than 70,000 people.
The District and National Council
network provides ULI’s more
than 30,000 members with a
unique platform to connect with
each other and learn from shared
knowledge and experience while
also giving back to and making
a real difference in their local
communities.
Members provide impact through
a wide range of initiatives,
including Technical Assistance
Program (TAP) panels, workshops
for public offi cials, assistance with
ULI research, and involvement
in many other initiatives. Though
the skills, expertise, and insight
that members provide to their
communities are priceless, it is
conservatively estimated that the
value of their time alone would
have exceeded $5 million last year. District Councils convene community leaders at a Reality Check program to reach consensus on future growth and development in their region.
02ULIAnnualReport_MainPages.indd 18 3/13/14 3:14 PM
National CouncilsULI Barcelona
ULI Belgium
ULI France
ULI Germany
ULI Greece
ULI Ireland
ULI Italy
ULI Madrid
ULI Netherlands
ULI Portugal
ULI Russia
ULI Sweden
ULI Turkey
ULI United Kingdon
ULI North Asia
ULI South Asia
ULI Mainland China
ULI Japan
ULI Singapore
ULI Australia
ULI Philippines
District CouncilsULI Arizona
ULI Atlanta
ULI Austin
ULI Baltimore
ULI Boston
ULI British Columbia
ULI Central Florida
ULI Charlotte
ULI Chicago
ULI Cincinnati
ULI Cleveland
ULI Colorado
ULI Columbus
ULI Hampton Roads
ULI Hawaii
ULI Houston
ULI Idaho
ULI Indiana
ULI Kansas City
ULI Los Angeles
ULI Louisiana
ULI Memphis
ULI Mexico
ULI Michigan
ULI Minnesota
ULI Nashville
ULI Nevada
ULI New Mexico
ULI New York
ULI North Florida
ULI North Texas
ULI Northern New Jersey
ULI Northwest
ULI Oklahoma
ULI Orange County/
Inland Empire
ULI Philadelphia
ULI Pittsburgh
ULI Richmond
ULI Sacramento
ULI San Diego/Tijuana
ULI San Francisco
ULI SE Florida/Caribbean
ULI South Carolina
ULI St. Louis
ULI SW Florida
ULI Tampa Bay
ULI Toronto
ULI Triangle
ULI Utah
ULI Washington, D.C.
ULI Westchester/Fairfi eld
C O U N C I L S | 1 9
C O U N C I L S
ULI research, and involvement
in many other initiatives. Though
the skills, expertise, and insight
that members provide to their
communities are priceless, it is
conservatively estimated that the
value of their time alone would
have exceeded $5 million last year.
ULI’s National and District Council Network
02ULIAnnualReport_MainPages.indd 19 3/13/14 3:14 PM
National Councils
National Councils are
country networks that
operate in a similar
fashion to District Councils and
advance ULI’s mission around the
world. There are now 21 National
Councils across the globe,
including 14 in Europe and seven
in the Asia Pacifi c region.
Last year saw continued growth
in ULI’s National Councils. ULI
Europe launched its 14th National
Council with the offi cial recognition
of ULI Ireland at an event at the
Bank of Ireland, House of Lords.
More established councils such
as ULI Germany continued with
an active calendar of events.
The Urban Leader Forum and
Leadership Awards took place
in Hannover and attracted
160 leaders to address issues
such as the impact of the
European monetary union on real
estate, emerging sustainability
frameworks, and smart cities.
The Urban Leadership Awards
recognized exceptional
contributions in the fi elds of real
estate economics and public
administration, as well as among
Young Leaders. In ULI Germany’s
other major event of the year,
industry experts met in Frankfurt
for the Urban Leader Summit in
June 2013, which focused on real
estate fi nance and investment.
In Moscow, ULI Russia continued
its collaboration with the city
government on the Moscow Urban
Forum. The forum has quickly
established itself as an important
international event on city planning
and urban development, essential
for anyone interested in developing
or investing in the city. Having
presented the fi ndings of the
ULI Advisory Services panel on
Moscow at the inaugural forum in
2011, ULI continues to act as the
event’s main international partner
and is forging a strong working
partnership with the city.
In Asia, a number of ULI’s National
Councils were actively involved in
assessing the future requirements
of specifi c cities in the region,
resulting in a number of Ten
Principles reports.
ULI’s Singapore members
participated in two joint
workshops with the Centre for
Liveable Cities to examine how
innovative planning, design,
and development practices
that emphasize a people-fi rst
focus can help ensure that rapid
urbanization does not compromise
livability and sustainability. The
fi ndings of the workshops, which
drew upon Singapore’s successful
urbanization experiences, were
published as 10 Principles for
Liveable High-Density Cities:
Lessons from Singapore in
January 2013. It is hoped that
the fi ndings will positively affect
future development in Singapore
as well as act as a guide to rapidly
urbanizing cities across the region.
One such rapidly urbanizing city
is Manila, where ULI members
participated in interviews,
workshops, and focus-group
discussions with a wide variety
of stakeholders to establish
sustainable development options
for the city. A report released
in April 2013, Ten Principles for
Sustainable Development of Metro
Manila’s New Urban Core, offers
development recommendations
for how the city can be not
only attractive to businesses
and visitors, but also provide a
high-quality living environment for
residents.
In November 2013, ULI held
its inaugural Mainland China
Annual Meeting in Shanghai.
The half-day event, the fi rst
gathering of signifi cant size to
“ There is no more respected global urban and real estate thought leader than the Urban Land Institute.”
—Peter Verwer, Property Council of Australia (PCA) chief executive, on
agreeing on a strategic alliance with ULI.
be organized and funded solely
by ULI’s members in mainland
China, was attended by more than
120 participants. The meeting
included lively presentations on the
use of technological and design
innovations in Chinese real estate,
as well as the presentation of the
Emerging Trends in Real Estate
Asia Pacifi c 2013 report.
In December 2012, ULI Japan
held its 15th annual conference in
Tokyo, which included a range of
presentations on the prospects for
Japanese real estate. The closing
keynote address by Junichiro
2 0 | U L I 2 0 1 3 A N N U A L R E P O R T
Sigrid Duhamel, group corporate real estate director, Peugeot S.A., and chair of ULI France.
02ULIAnnualReport_MainPages.indd 20 3/13/14 3:14 PM
ULI U.K. Housing Study TourWith more than 650 members,
ULI United Kingdom is one of
the largest National Councils.
In 2011, ULI U.K. established a
number of Product Councils,
including the U.K. Residential
Council to examine solutions
to the country’s housing supply
and affordability crisis.
Chaired by Nick Jopling,
executive director at
Grainger plc, the council
specifically focused on the
lessons to be learned from
the established multifamily
market in the United States.
The two countries have similar
levels of homeownership,
but whereas the U.S. rental
market has professionally
managed portfolios backed by
institutional investment, the
U.K. market is dominated by
small-scale private landlords.
In late 2012, the U.K.
government established a
national task force focused on
supporting the development of
a larger-scale “private rented
“These study tours exemplify what I think is most valuable about ULI—it’s ability to be a ‘university without walls’ for its members. We were commissioned by the government’s PRS task force to develop a ULI best practice guide for build-to-rent in the U.K. This opportunity would not have come about without the impact generated by these tours and will allow us to share our learning with the entire residential sector.”—Nick Jopling, chair of the ULI U.K.
Residential Council
sector” (PRS) for the U.K.
residential market. ULI U.K.
decided to hold a study tour
to explore the established U.S.
multifamily housing industry
as a possible template for
how institutionally backed
private rental housing could
be delivered in the United
Kingdom.
The inaugural four-day tour
visited Washington, D.C.,
and Boston in April 2013.
Participants explored U.S.
private and public rental
housing, visiting a range of
affordable, market-rate, and
luxury rental developments,
as well as met privately with
federal and city officials,
leading developers, owner/
operators, architects, and
investors.
As a result of the tours, a group
of ULI U.K. Residential Council
members has been working
to develop Build-to-Rent—A
ULI UK Best Practice Guide for
the design, development, and
management of build-to-rent
homes in the United Kingdom.
Koizumi, the former prime minister
of Japan, looked at the path the
country should take next.
ULI’s expansion into Australia was
advanced with the signing of a
strategic alliance with the Property
Council of Australia (PCA), which
took place in front of 500 people
at Sydney Town Hall in October
2012. The alliance aims to boost
Australia’s access to international
thinking on urban and real estate
issues through ULI’s international
knowledge and networks.
C O U N C I L S | 2 1
C O U N C I L S
Participants in the ULI U.K. Housing Study Tour view a model of a multifamily housing development.
02ULIAnnualReport_MainPages.indd 21 3/13/14 3:14 PM
District Councils
ULI Los Angeles Helps Shape Great Streets InitiativeIn 2012, ULI Los Angeles
convened three TAP panels in
response to a request for advice
from the city of Los Angeles on
how to catalyze development
along several new transit corridors.
The members examined potential
opportunities along the transit lines
and reviewed possible incentives
that could accelerate investment,
then published their fi ndings in
the ULI LA 2013 Transit Corridors
Report.
Los Angeles Mayor Eric Garcetti,
as his fi rst executive order,
announced the establishment of
the Los Angeles Great Streets
initiative, which builds on fi ve of
the core recommendations made
by ULI. The project has helped
expand the city’s planning agenda
from individual transit stations to
a transformation of corridors to
achieve a truly transit-oriented Los
Angeles.
“ Our Great Streets initiative will build off of the work that [ULI has] accomplished and build off the recommendations of the Transit Corridors Report. I fi rmly believe that with this initiative we are taking another big step towards a fundamental change in how we perceive, interact, and build the environment around us.”
—Eric Garcetti, mayor of Los Angeles
ULI Boston Report Prompts Passage of Historic Transportation BillWith the help of a ULI Foundation
grant, ULI Boston’s Infrastructure
Council issued the Hub and Spoke
report in 2012, which underscored
the dire need to increase capacity
on the regional transit system.
The report’s fi ndings launched a
series of public discussions that
resulted in the governor’s signing
of a 2013 transportation bill
boosting funding for transit. ULI
Boston has since been asked by
the Massachusetts Department of
Transportation for advice on how
to increase development on its
land parcels.
2 2 | U L I 2 0 1 3 A N N U A L R E P O R T
Above: A ULI Los Angeles TAP panel site tour.
Right: Eric Garcetti, mayor of Los Angeles, who announced the establishment of the Great Streets initiative following the work undertaken by ULI Los Angeles.
02ULIAnnualReport_MainPages.indd 22 3/13/14 3:14 PM
“ The ULI report articulated problems the MBTA [Massachusetts Bay Transportation Authority] has focused on internally. If we want to grow the economy in the Greater Boston area, we’re going to need to have the corresponding transit capacity necessary to get people to where they’re going and where they work.”
—Jonathan R. Davis, general manager, MBTA
ULI Boston Report Prompts Passage of Historic Transportation BillWith the help of a ULI Foundation
grant, ULI Boston’s Infrastructure
Council issued the Hub and Spoke
report in 2012, which underscored
the dire need to increase capacity
on the regional transit system.
The report’s fi ndings launched a
series of public discussions that
resulted in the governor’s signing
of a 2013 transportation bill
boosting funding for transit. ULI
Boston has since been asked by
the Massachusetts Department of
Transportation for advice on how
to increase development on its
land parcels.
ULI Chicago Recommendation Leads to Land Bank Ordinance As part of a 2012 TAP panel, ULI
Chicago recommended that Cook
County establish a land bank as a
tool for managing the increasing
number of abandoned properties
in its region.
Three months after the TAP was
completed, the Cook County Board
of Commissioners unanimously
approved an ordinance to create
the Cook County Land Bank
Authority, one of the largest land
banks in the country. Cook County
used the TAP process to validate
the land bank concept and to
outline the governance, fi nancing,
and organization of how the Land
Bank Authority would function.
“ The ULI Chicago panel was incredibly important to us to establish the land bank. The land bank is a concept that most people are not familiar with. It’s new to Illinois and it’s new to this region, so having the Urban Land Institute was really important both as subject-matter experts and as a third-party validator. They brought a lot of deep expertise and they validated to a larger market that the land bank is something worth looking at.”
—Bridget Gainer, Cook County commissioner, 10th District
Cook County Land Bank TAPChicago, ILOctober 23-24, 2012
A TECHNICAL ASSISTANCE PANEL REPORT
C O U N C I L S | 2 3
C O U N C I L S
Left: Herman Brewer, bureau chief, Bureau of Economic Development, Cook County, Illinois.
Below: Cook County Land Bank TAP report.
02ULIAnnualReport_MainPages.indd 23 3/13/14 3:14 PM
District Councils
2 4 | U L I 2 0 1 3 A N N U A L R E P O R T
“ Building new residential options for adults with autism and related disorders that are inclusive, community based, and maximize independence is both a bold venture and logical next step for SARRC and First Place AZ. Thanks to ULI, its collection of AzTAP panels, consultations that date back more than a decade, and funding for the seminal Opening Doors report, plans are underway to break ground in 2014.”
—Denise D. Resnik, founder of First Place AZ, cofounder of SARRC, and editor of the ULI/SARRC/ASU
Opening Doors residential study
ULI Arizona Catalyzes Construction of Housing for Adults with AutismA decade-long program of
activities by ULI Arizona will result
in the construction of a cutting-
edge housing development for
adults with autism.
The project began in 2004,
when ULI Arizona conducted
a TAP panel for the Southwest
Autism Research & Resource
Center (SARRC). That panel was
followed by a series of workshops
and symposiums that used ULI
Arizona’s network to provide
multidisciplinary expertise on best
practices for residential housing
for autistic adults unable to live on
their own.
In 2009, ULI Arizona, SARRC,
and Arizona State University
collaborated on the Opening
Doors study. The study identifi ed
replicable residential products
that offer high-quality affordable
housing options within the fabric
of their communities and close
to jobs, as well as health and
recreational opportunities for
adults with autism.
The result of this body of work
will be the construction of a
housing development for adults
with autism on the SARRC
campus, incorporating the
recommendations made by ULI.
Work on the development will
begin in 2014.
ULI Arizona’s work catalyzed construction of housing for adults with autism.
02ULIAnnualReport_MainPages.indd 24 3/13/14 3:14 PM
Urban Innovation GrantsThe following 15 projects were
awarded Urban Innovation Grants
in the 2013 financial year, made
possible by the generous support
of the ULI Foundation Annual Fund.
ULI ArizonaReinvent Phoenix Anchor Institution ConveningULI Arizona’s ongoing
involvement with the Reinvent
Phoenix program united small
groups of decision makers
focused on community
revitalization and investment.
The ULI grant funded facilitated
forums that enabled the city of
Phoenix to gain an understanding
of its unique challenges and
identify opportunities to create a
more healthy and economically
strong city.
ULI BaltimoreImproved Methods to Achieve Infill and Urban DevelopmentsULI Baltimore facilitated
discussions that identified best
practices in infill and urban
development planning pertaining
to comprehensive rezoning and
private development entitlement.
ULI HoustonULI Making the Case for Urban Green SpaceULI Houston, in collaboration with
Texas A&M University, undertook
a Technical Assistance Program
panel report for the Houston
Bayou Greenway Initiative, a
long-term project focused on
bayou greenway and parks
improvements to enhance flood
control. ULI Houston has since
been asked by the mayor’s
office to present the proposed
recommendations.
ULI IdahoTreasure Valley Real Estate PartnershipBy convening 14 real estate
organizations, ULI Idaho spurred
industry action toward common
goals, including incentivizing
downtown and infill development.
ULI Idaho acted as the organizing
body for developing a vision,
hosting roundtable discussions,
providing research, and building
consensus on issues and solutions.
ULI Los AngelesPartnership for Transportation CorridorsIn partnership with the city, ULI Los
Angeles convened three Technical
Assistance Program panels to
assess how development could be
catalyzed along several new transit
corridors. As a result, Los Angeles
Mayor Eric Garcetti announced the
establishment of the Los Angeles
Great Streets initiative, which builds
on ULI’s recommendations.
ULI LouisianaImagine Downtown Lafayette CompetitionULI Louisiana and Creative
Action Acadiana, in partnership
with the Lafayette Consolidated
Government, launched an open
design competition to shape
dialogue surrounding future
creative and economic growth in
six downtown Lafayette sites. The
city has taken steps to integrate
the winners’ urban concepts into
future planning.
ULI MinnesotaGreater MSP AheadULI Minnesota facilitated a
metrowide convening that reached
consensus on seven regional
priorities to keep the region globally
competitive. As a result, three
jurisdictions have revised their
strategic plans to incorporate these
priorities, and a multi-sector task
force has been formed to follow up
on the recommendations.
ULI NashvilleRetrofitting Homes and Rebuilding Healthy CommunitiesULI Nashville initiated the Go
Green program over three years
ago as a collaborative residential
retrofit program for energy
efficiency. ULI Nashville covered
the cost of energy efficiency
improvements on two homes in
Chestnut Hill, a very-low-income
Nashville neighborhood.
ULI NorthwestGenerating a Thriving Economy for PortlandULI Northwest is convening
the business, real estate,
and economic development
communities of Portland to create
a roadmap for investment to
transform emerging businesses
into midmarket companies
supporting the long-term
economic health of the central
business district and burgeoning
neighborhood commercial centers.
ULI Orange County/ Inland EmpireMyPlace OCULI Orange County raised
awareness about the challenge
of retaining 18-to-35-year-olds in
the region, a demographic being
driven out by the limited access
to “creative professional” jobs.
Business/trade organizations, city
councils, and planning officials
are now addressing this issue due
to ULI’s campaign of interviews,
conferences, video, and the
website myplaceoc.com
ULI PhiladelphiaGlobal Positioning Strategy for World-Class Infrastructure in Greater Philadelphia As part of the World Class
Greater Philadelphia initiative, ULI
Philadelphia and the Economy
League of Greater Philadelphia
convened business executives,
civic leaders, and issue experts
to help create a global positioning
strategy for infrastructure.
ULI RichmondReality CheckULI Richmond hosted a Reality
Check program in May 2013
focusing on engaging diverse
regional leaders to build
consensus on providing housing
and jobs across the region. The
grant assisted ULI Richmond
with outreach to public officials,
community groups, and citizens.
ULI SacramentoTransforming Downtown Plaza: A Vision for Downtown SacramentoA ULI Sacramento Technical
Advisory Program panel,
consisting of representatives from
the public and private sectors,
recommended a new vision for
Sacramento’s Downtown Plaza,
once the center of retail, services,
and entertainment.
ULI San Diego/Tijuana Global Forum on the Culture of InnovationIn partnership with the Aspen
Institute, the Global Forum on the
Culture of Innovation encouraged
discussion among industry
sector leaders to consider San
Diego’s niche in the worldwide
marketplace and how to capitalize
on the city’s strengths to attract
talented people.
ULI SE Florida/ Caribbean Location and Economic Support for Rail Transit in Southeast FloridaSoutheast Florida is planning to
expand commuter transit in the
corridors connecting Miami and
northern Palm Beach County. ULI
Southeast Florida partnered with
the South Florida Transit Authority
to examine station locations and
financing mechanisms.
C O U N C I L S | 2 5
C O U N C I L S
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ULI Product Councils
ULI’s Product Councils
are forums for industry
leaders to meet, exchange
ideas, share best practices,
and foster thought leadership
in their respective sectors of
the real estate market. Over the
past year, the Institute’s 2,750
council members worldwide
played a critical role in building
communities; developing and
redeveloping neighborhoods;
envisioning and re-creating
business districts; planning and
implementing industrial parks;
bringing residential, retirement,
and recreational spaces to life;
and designing mixed-use facilities
that are a part of the nation’s
sustainable urban and suburban
environments.
Two additional councils were
launched—the Redevelopment
and Reuse Council and the
University Development Council—
bringing the total number of
Product Councils in the United
States to 50.
The Redevelopment and
Reuse Council will focus on the
retrofi tting and adaptive use of
existing buildings, as well as the
redevelopment of brownfi eld and
greyfi eld sites. This has been a key
issue examined by ULI for many
years; however, the launch of a
specifi c Product Council refl ects
the ever-greater levels of expertise
required to undertake these
projects and the scale of the new
development opportunities being
created.
The University Development
Council was created to look at
land use and real estate practices
associated with the economic
activities and innovation at
universities and their surrounding
neighborhoods. The council will
look to capitalize on the signifi cant
existing knowledge and ongoing
business activities of ULI members
to leverage multiple resources,
attract and strategically combine
public and private capital and
partnerships, and revitalize
neighborhoods, cities, and regions
in a globally competitive context.
The ULI Foundation awarded two
grants for councils to undertake
research that was critical to their
real estate sector and that would
advance the Institute’s mission.
The Entertainment Development
Council and the Commercial and
Retail Development Council each
received a grant from the ULI
Foundation to research the 70
million–strong generation of U.S.
baby boomers and their interaction
with their grandchildren. Based on
the data elicited from surveys and
research, a white paper will make
recommendations on new real
estate products to serve
this market.
A ULI Foundation grant was also
made available for research into
community development and
seniors’ housing. The research,
led by ULI’s Terwilliger Center with
the involvement of more than 300
council members, will examine
how the built environment needs
to evolve to refl ect the changing
requirements of aging generations
and how communities can develop
organically to encompass multiple
generations.
The Institute’s fi ve pan-European
Product Councils, known as
European Councils, had another
active year with membership
continuing to grow to more than
140 members. Two Council Days
were held before the ULI Europe
Annual Conference in Paris in
February and the Real Estate
Trends Conference in London in
June. Key highlights of the Council
Days included Sir Edward Lister,
deputy mayor of London, speaking
to the Sustainable Development
Council, and the Retail and
Entertainment Council’s visit to La
Vallée retail outlet center in Paris,
which included a presentation
on the latest mobile payment
systems.
Plans to bring Product Councils
to the Asia Pacifi c region took
a big step forward with the
inaugural meeting of the Hospitality
Development Council ahead of
the ULI Asia Pacifi c Summit in
Shanghai.
2 6 | U L I 2 0 1 3 A N N U A L R E P O R T
“ Only at ULI do you really get a peer-to-peer value-add experience, sharing information with other members who are as passionate about their vocation as you are and taking back new ways to improve your own business.”
—William Aaron Conley, president, Third Act Solutions
Product Council meetings bring together small groups of industry leaders to exchange ideas and share best practices.
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C O U N C I L S | 2 7
C O U N C I L S
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Spring and Fall Meetings
Fall Meeting in DenverThe Fall Meeting, held in Denver
in October 2012, marked the
end of ULI’s 75th-anniversary
celebrations. With the theme
“What’s Next?” the event
examined the short- and long-term
challenges and opportunities
facing the real estate and land
use sectors.
Among the highlights was
former U.S. Senator Alan
Simpson (R-WY), cochair of the
National Commission on Fiscal
Responsibility, discussing ways
to reduce the federal defi cit.
Continuing the political theme,
the conference included a
debate between Robert Gibbs,
Democratic presidential campaign
senior adviser, and Republican
Party strategist Karl Rove only
three weeks before the 2012
presidential election.
As the U.S. real estate sector
continued its recovery, John
L. Bucksbaum, former chair of
retail developer General Growth
Properties (GGP), shared his
experiences and the lessons he
learned during the recession,
during which his fi rm fi led for
bankruptcy.
The rest of the program examined
such topics as transit infrastructure,
public/private partnership models
for development, use of hydraulic
fracturing (fracking) in oil and gas
production, and the impact of
generation Y on the future of
real estate.
2 8 | U L I 2 0 1 3 A N N U A L R E P O R T
Top: ULI Trustee Thomas W. Toomey, president and chief executive offi cer of UDR Inc., gives welcoming remarks as cochair of the 2012 ULI Fall Meeting in Denver. Above left: Robin Chase, founder and chief executive offi cer of Buzzcar and cofounder of Zipcar, was among the thought leaders who shared provocative insights into how to think differently about doing business.
Above right, left to right: Denver Mayor Michael B. Hancock and Alan Simpson, former U.S. senator and cochair of the National Commission on Fiscal Responsibility and Reform.
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G L O B A L C O N V E N I N G S | 2 9
G L O B A L C O N V E N I N G S
Spring Meeting in San DiegoThe Spring Meeting, held in San
Diego in May 2013, attracted
record-breaking attendance of
nearly 3,700 people.
Key sessions included a
presentation by Geoff Colvin, a
longtime editor and columnist
for Fortune magazine and author
of bestseller Talent Is Overrated,
who outlined potential growth
strategies for businesses operating
in uncertain times.
Also, as a precursor for ULI’s
current Building Healthy Places
Initiative, the program included a
number of sessions on the impact
of the built environment on public
health. Richard J. Jackson, a
leading public health expert, spoke
about incorporating wellness
into planning; other sessions
examined how changing health
care delivery will affect land use.
In the closing session, former U.S.
Senator Kay Bailey Hutchison
(R-TX) drew on her two decades
of experience in the Senate to
provide insights into a range
of topics, including leadership,
political gridlock in Washington,
and the prospects for energy
independence.
Away from the conference
program itself, the highlight of the
event for many was a reception on
the USS Midway aircraft carrier—
undoubtedly one of ULI’s more
unusual networking venues.
The event also saw a raft of new
ULI research reports launched.
America in 2013, jointly produced
by the Terwilliger Center and
ULI’s Infrastructure Initiative,
examined the housing and
transportation preferences of
several generations—generation Y,
generation X, baby boomers, and
war babies/the silent generation.
Also looking at generational
preferences was Generation Y:
Shopping and Entertainment in
the Digital Age, which examined
the shopping tendencies of 18- to
35-year-olds.
“ ULI has always been the place where I can get the most relevant content that allows me to make my business more successful.”
—Stephen P. Navarro, president,
the Furman Company Chair, ULI Program Committee
“ ULI attracts the foremost players and thinkers in the business. The smartest people are in the room—every room! ULI’s Fall Meeting is the connective tissue of commercial real estate.”
—Christopher R. Ludeman, president, Brokerage & Capital Markets,
the Americas, CBRE
Top: Former U.S. Senator Kay Bailey Hutchison.
Above: The Women’s Leadership Initiative reception at the Spring Meeting in San Diego.
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Europe and Asia Pacifi c Conferences
3 0 | U L I 2 0 1 3 A N N U A L R E P O R T
Top: Members discuss current real estate market conditions during the Members Summit at the ULI Europe Annual Conference.
Above: The Leadership Dinner at the ULI Europe Annual Conference.
“ ULI Europe’s Annual Conference has become an essential part of my real estate year. I like this interdisciplinary gathering that provides really high-quality content .”
—Roger Orf, Apollo Global Real Estate
ULI Europe Annual ConferenceThe 17th ULI Europe Annual
Conference in Paris, which took
place in February 2013, attracted
more than 500 industry leaders
from 24 different countries—the
highest attendance at the event
since the economic downturn
hit in 2008. The resurgence in
attendance refl ected the mood of
the conference, which was one of
cautious optimism as confi dence
began to return to the European
real estate sector.
The annual Leadership Dinner
opened with a speech by Christian
Sautter, deputy mayor of Paris,
on the city’s continuing growth
and development. The keynote
address by Fred Swaniker, chief
executive of the African Leadership
Academy, on the real estate
prospects in Africa provided many
attendees with a new perspective
on the continent.
The conference itself tackled
a broad range of issues
from macroeconomics, real
estate fi nance, and residential
investment to recycling of old
buildings, occupier outlooks,
and city leaders’ perspective on
development.
A lively debate on the global
economy—among Andrea Boltho
of the University of Oxford, Jean
Michel-Six of Standard & Poor’s,
and Arthur Segal of the Harvard
Business School—was one of the
most popular sessions, reinforcing
acknowledgment of the impact of
globalization on capital availability,
economic growth, and prospects
for national economies.
Among the newsmakers at the
conference were Thomas Garbutt,
head of global real estate for
TIAA-CREF, who announced the
U.S. company’s plans to enter
the European debt market, and
Olivier Piani, chief executive of
Allianz Real Estate, who discussed
the likelihood of the company
expanding its lending operations
in Europe.
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ULI Asia Pacific SummitThe second ULI Asia Pacific
Summit, which took place in
June 2013 in Shanghai, was
attended by about 400 real estate
professionals from across the
region. The summit’s keynote
opening address was delivered
by C.Y. Leung, chief executive
and president of the Executive
Council of the Hong Kong Special
Administrative Region and a
founding chairman of ULI Asia
Pacific.
The summit program tackled
a broad range of issues,
including generation Y’s impact
on real estate, building healthy
communities in Asia, niche
investment strategies, and
revitalizing Asia’s waterfronts.
Two sessions particularly captured
the audience’s imagination.
One—a fascinating discussion
among Vincent Lo, chairman of
Shui On Group; Thai-Ker Liu,
founding chairman of the Centre
for Liveable Cities; and Larry
Silverstein, president and CEO
of Silverstein Properties—looked
at the impact of complexity on
projects in New York, Singapore,
and Shanghai. The other, a wide-
ranging conversation between
Wang Shi, chairman and founder
of China Vanke, and Rob Speyer,
president and co-CEO of Tishman
Speyer, covered such topics as
housing and sustainability, as
well as their first partnership on a
development in San Francisco.
Mainland China Real Estate
Markets 2013: ULI Analysis of
City Investment Prospects was
also launched at the summit. This,
the third edition of the survey-
based report, evaluates real estate
investment and development
prospects across 36 of the largest
cities in China.
Also at the summit, a new
partnership between ULI and the
C40 Cities Climate Leadership
Group was announced. The global
partnership, which will see the
organizations working together to
encourage energy conservation
and reduction of carbon emissions
from existing buildings, was
announced by Yan Peng, C40’s
East Asia regional director, and ULI
CEO Patrick Phillips.
G L O B A L C O N V E N I N G S | 3 1
G L O B A L C O N V E N I N G S
“ Through the summit, we discussed, dissected, and developed a number of important insights, which will contribute to our goal of supporting thriving and sustainable communities.”
—Raymond Chow, executive director, Hongkong Land Ltd.
Above: Wang Shi, chairman and founder of China Vanke, addresses the ULI Asia Pacific Summit in Shanghai.
Left: Thai-Ker Liu, founding chairman of the Centre for Liveable Cities, and Larry Silverstein, president and CEO of Silverstein Properties, at the ULI Asia Pacific Summit.
02ULIAnnualReport_MainPages.indd 31 3/13/14 3:14 PM
3 2 | U L I 2 0 1 3 A N N U A L R E P O R T
T he Rose Center for
Public Leadership was
established in 2008 with a
$5 million grant from Daniel Rose,
chairman of New York City–based
developer Rose Associates. The
Rose Center acts as ULI’s nexus
between the public and private
sectors, aiming to provide public
offi cials with access to information,
best practices, peer networks, and
other resources to foster creative,
practical, and sustainable land use
policies.
Throughout the past year, the
Rose Center has progressed
in its mission through a range
of activities, including program
streams at ULI’s Spring and Fall
meetings, study tours, forums,
webinars, and the Daniel Rose
Fellowship.
Launched in 2009, the Daniel
Rose Fellowship is a program that
assists four large U.S. cities each
year. It is designed to provide key
public offi cials with leadership
training and professional
development opportunities, as well
as provide the city with technical
assistance on a specifi c local
land use challenge. The mayor
of each selected city nominates
three participants responsible for
making land use decisions at a
city department or public agency
to act as fellows. The mayors also
identify a local land use challenge
for which they receive technical
assistance from a team of experts
assembled by ULI.
For 2012–2013, the cities selected
for the fellowship program
were Austin, Texas; Hartford,
Connecticut; Louisville, Kentucky;
and Tacoma, Washington. The
cities and their fellows received a
year of intensive support from both
the Rose Center and each other,
including study visits to each of
the four cities; a study tour to San
Juan, Puerto Rico, in December
2012; and a working retreat in
Philadelphia in April 2013.
The San Juan tour saw the
Rose Center fellows, including
Hartford Mayor Pedro Segarra
and Louisville Mayor Greg Fischer,
travel across the city by foot, train,
bus, and boat to study examples
of challenging historic preservation
projects, transit-oriented
development, cultural tourism, and
economic development, as well as
the effect of divisive local politics
on planning and development.
The fellows also met with former
government leaders, including
former governor and former San
Juan mayor Sila Mariá Calderón
Serra, private sector leaders
including Chamber of Commerce
president Pablo Figueroa, and
members of Puerto Rico’s
association of architects.
In addition, the Rose Center
organized a number of forums
throughout the year. The Rose
Center Mayors’ Forum, held during
the Fall Meeting in Denver in
October 2012, attracted more than
150 people to discuss the role of
public/private partnerships (PPPs)
in city building. The forum included
two cross-sector panel discussions
focused on how PPPs represent
the nexus between the public
sector’s needs and the private
sector’s goals.
The Charles H. Shaw Forum
on Urban Community Issues,
held in Chicago in June 2013,
gathered 25 urban development
experts to examine the correlation
between school performance
and the prosperity of urban
neighborhoods. Participants
examined creative ways in
which school districts, private
developers, charter schools,
cities, and other institutions have
addressed this issue and achieved
various levels of success.
The Rose Center also continued
its program of webinars for ULI’s
public offi cial members. Five
webinars were held during the year
on topics ranging from preserving
and repurposing industrial land
for economic development to
developing integrative public
health and transportation plans.
The webinars attracted more than
300 individual participants; 30
attended multiple sessions.
Top right: Rose Center Advisory Board member Antonio Fiol-Silva leads a 2012–2013 Rose Fellowship retreat tour of the Paseo Verde construction site in Philadelphia in April 2013.
Right: Joe Rose, chair of the Rose Center Advisory Board.
Far right: From left to right, Mayor Marilyn Strickland, Tacoma, Washington; Mayor R.T. Rybak, Minneapolis, Minnesota; Julia Stasch, vice president of U.S. programs, John D. and Catherine T. MacArthur Foundation; Mayor Greg Fischer, Louisville, Kentucky; and Mayor Pedro Segarra, Hartford, Connecticut.
Rose Center for Public Leadership
02ULIAnnualReport_MainPages.indd 32 3/13/14 3:14 PM
S H A P I N G C I T I E S A N D R E G I O N S
S H A P I N G C I T I E S A N D R E G I O N S | 3 3
Austin, Texas, was one of four U.S. cities chosen for the Daniel Rose Fellowship program in 2012– 2013. The others include Hartford, Connecticut; Louisville, Kentucky; and Tacoma, Washington.
02ULIAnnualReport_MainPages.indd 33 3/13/14 3:15 PM
Terwilliger Center for Housing
Established in 2007 with a
generous donation from
former ULI Chairman J.
Ronald Terwilliger, the Terwilliger
Center for Housing aims to
facilitate the creation of a full
spectrum of housing opportunities,
including affordable and workforce
housing, in communities across
the United States.
The Terwilliger Center shapes
current thinking on U.S. housing
policy and practice through the
publication of research reports, the
hosting of events and webinars,
and presentation of a busy
schedule of speaker engagements
and two awards programs.
The Center released a number
of infl uential reports last year,
including Housing in America: The
Baby Boomers Turn 65. Launched
at the Fall Meeting, the report
examines the housing market
changes that will occur as the
baby boomers turn 65, and as
the silent generation (age 67 to
85) and the Greatest Generation
(age 85 and older) make housing
choices for their later years.
Another research project focusing
on demographic trends was
America in 2013, which was
launched at the Spring Meeting
in San Diego and examined the
views of more than 1,200 people
on housing, transportation,
and community. The survey,
produced in partnership with ULI’s
Infrastructure Initiative, examined
the role growing demographic
groups such as generation Y will
play in reshaping urban growth
patterns by spurring more
development of compact, mixed-
use communities with diverse
housing choices and reliable,
convenient transit service.
The Terwilliger Center continued
to acknowledge exemplary
achievements in housing practices
through its two annual awards
programs—the Jack Kemp
Workforce Housing Models of
Excellence Awards and the Robert
C. Larson Workforce Housing
Public Policy Awards.
The Kemp Award winners
were the Century Building in
Pittsburgh, Via Verde in New York
City, and Rhode Island Row in
Washington, D.C. Receiving the
Larson Awards were the New
York City Department of Housing
Preservation and Development’s
New Housing Marketplace Plan
and the New Jersey Housing
and Mortgage Finance Agency’s
CHOICES in Homeownership
Program.
In addition to programs at the
Fall and Spring meetings, the
Terwilliger Center also presented
a range of speaker engagements
across the United States,
held a series of member-only
webinars, and hosted the Housing
Opportunity 2013 conference in
Seattle during March.
3 4 | U L I 2 0 1 3 A N N U A L R E P O R T
“ I’ve tried to demonstrate my belief that hope begins with access to a decent, affordable home. I want to help ensure a leveraged, sustained impact beyond my lifetime and inspire others to make the commitment to support affordable housing.”
—Ron Terwilliger,chair, ULI Terwilliger Center
for Housing
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Housing in MassachusettsMassachusetts faces a serious
housing shortage for middle-
income individuals and families
that is becoming a hurdle to
attracting and retaining the best
workers. The challenges faced
by the state were exemplifi ed
in two key reports published by
the Terwilliger Center in 2010.
Priced Out: Persistence of the
Workforce Housing Gap in the
Boston Metro Area and The
Boston Regional Challenge
highlighted the metro Boston
area’s housing shortage and the
compound burden of housing
and transportation costs on
working families.
In many ways, the foundation of
an economically healthy state
is the home—an idea that was
crystallized for state housing
offi cials by their work with the
Terwilliger Center for Housing.
“While we had thought about
it that way before, many of
the ideas were incubated
in the reports we read and
people we worked with from
the Terwilliger Center and its
events,” says Arthur Jemison,
deputy undersecretary of the
Massachusetts Department
of Housing and Community
Development.
In July 2012, Terwilliger Center
Executive Director Lynn Ross
joined a team of experts for an
intensive two-day workshop
with Governor Deval Patrick’s
administration to identify
policies and tools to meet the
state’s housing needs. Based on
the panel’s recommendations,
Patrick announced just months
later that he was adopting
an annual statewide goal of
producing 10,000 multifamily
units—a fi rst-of-its-kind
commitment.
Massachusetts is aggressively
retooling some of its housing
policies, and offi cials are
trying to spur development in
areas around Boston already
connected to public transit.
“We have been working on that
problem,” Jemison says. “One
of the ways we’re doing it is
directing growth in a way that’s
smarter.”
Ensuring plenty of workforce
housing options that are
attractive to young professionals
is at the heart of the state’s
economic development strategy,
according to Jemison. “We can’t
be competitive without a highly
educated workforce, but that
workforce will not stay here if
it’s too expensive and if they
can get the same quality of life
elsewhere,” he says. “We need
to not only be aggressive in
attracting businesses that are
going to grow our economy, but
we need to be able to create the
housing that workforce would
choose.”
S H A P I N G C I T I E S A N D R E G I O N S
S H A P I N G C I T I E S A N D R E G I O N S | 3 5
Below: America in 2013 examined the views of more than 1,200 people on housing.
Bottom: Lisa Alberghini, president of the Planning Offi ce of Urban Affairs in Boston, speaking at the Housing Opportunity 2013 Conference in Seattle.
02ULIAnnualReport_MainPages.indd 35 3/13/14 3:15 PM
3 6 | U L I 2 0 1 3 A N N U A L R E P O R T
The Thames Barrier, London’s flood defense system.
02ULIAnnualReport_MainPages.indd 36 3/13/14 3:15 PM
ULI is increasingly focused
on the nexus of land use,
energy, climate change,
and real estate. The Institute drives
its research and impact in the
sustainability arena through two
programs—the Greenprint Center
for Building Performance, and the
Climate, Land Use, and Energy
(CLUE) Initiative.
Greenprint CenterEstablished in 2009, Greenprint
is a worldwide alliance of leading
real estate owners, investors, and
fi nancial institutions committed
to improving the environmental
performance of the real estate
industry, with a focus on energy
consumption, carbon emissions,
water usage, and waste diversion.
The center has grown to include
31 members and affi liated partners
worldwide, including some of the
top names in global real estate,
holding properties in 43 countries.
Greenprint’s objective is to reduce
overall building emissions across
its members’ property portfolios
by 50 percent before 2030, driving
change through performance
benchmarks, and providing
education. The center measures
member performance against a
2009 baseline and produces the
annual Greenprint Performance
Report™ to demonstrate progress.
Volume 4 of the Greenprint
Performance Report™, released
last year, included the performance
of 3,232 buildings owned by
members during 2012–2013.
Performance results showed a 3.2
percent year-on-year reduction
in energy consumption and a
3.4 percent decline in carbon
dioxide emissions. The reduction
in CO2 emissions equates to
nearly 268,400 barrels of oil not
consumed, 24,044 cars taken off
the road, or more than 2.9 million
trees planted over the previous 12
months.
Greenprint’s steadily growing
membership means that this
year’s report included 20 percent
more properties than the previous
year’s, resulting in a 15 percent
increase in fl oor area covered by
the survey. The report has now
grown to include more than 75
million square meters (807 million
square feet) of offi ce, residential/
multifamily housing, industrial, and
retail space. This represents more
than �450 billion (US$595 billion) of
real estate assets covering a wide
variety of building ages and sizes.
CLUEThe CLUE Initiative is a broad,
interdisciplinary dialogue that
explores how issues related
to climate change and energy
use are affecting real estate
practices and reshaping urban
environments. The initiative
combines member forums with the
publication of reports to provide
knowledge and encourage debate
on the signifi cant challenges the
world faces.
One highlight of the CLUE Initiative
this year was the “Resilience and
Risk in Coastal Regions” forum,
held in conjunction with ULI’s
midwinter meeting in Washington,
D.C., in January 2013. The two-
day event gathered representatives
from federal and local government,
real estate investors, property
owners, and leading members
of the insurance and reinsurance
industries to examine how climate
change will affect future coastal
development.
The forum focused on the ways
in which extreme weather events
such as hurricanes, tornadoes,
fl oods, and storm surges, as well
as signifi cantly higher sea levels, will
affect decisions on what is built and
rebuilt, where and how it is built,
and how it is insured and fi nanced.
In February 2013, ULI’s CLUE
initiative partnered with the Asia
Society to organize the Pacifi c
Cities Sustainability Initiative (PCSI)
annual forum in Hong Kong. Titled
“Tomorrow’s City Today,” the
event examined the economic,
environmental, and social impacts
of urbanization in Asia and North
America through a series of
expert-level workshops.
In March 2013, CLUE held a forum
in Houston titled “Technology and
Real Estate: The New Calculus,”
which explored how a host of
new technologies and technology
companies can create value and
place products in the commercial
real estate marketplace through
new value propositions and
business models.
Through the CLUE Initiative, ULI
also established a partnership with
the C40 Cities Climate Leadership
Group, a network of large and
engaged cities from around the
world committed to implementing
meaningful and sustainable
climate-related actions locally that
will help address climate change
globally.
Announced in June 2013, the
partnership will look to forge
better connections between public
sector offi cials and private building
owners in C40 cities that are
actively engaged in reducing the
energy consumption and carbon
emissions of buildings.
and real estate. The Institute drives
nearly 268,400 barrels of oil not
consumed, 24,044 cars taken off
the road, or more than 2.9 million
trees planted over the previous 12
months.
ULI is increasingly focused
on the nexus of land use,
energy, climate change,
and real estate. The Institute drives
its research and impact in the
B U I L D I N G S U S T A I N A B L Y
B U I L D I N G S U S TA I N A B LY | 3 7
Greenprint Center and CLUE
Over the past two years, Greenprint members have cut CO2 emissions by the equivalent of over 1,325,000 barrels of oil.
VOLUME 4, 2012
4 Greenprint Performance Report™
Greenprint_PerformanceReport_Vol4_2013_8-19FINAL.indd 1 8/27/13 9:59 AM
Yan Peng, C40 East Asia regional director, and ULI CEO Patrick Phillips at the announcement of the partnership between ULI and C40 in Shanghai.
02ULIAnnualReport_MainPages.indd 37 3/13/14 3:15 PM
3 8 | U L I 2 0 1 3 A N N U A L R E P O R T
The ULI Infrastructure
Initiative aims to promote
more environmentally
and economically sustainable
infrastructure investment choices
and to foster an improved
understanding of the links between
infrastructure and land use.
Through publications, forums, and
other activities, the initiative uses
ULI’s extensive public and private
networks to exercise leadership on
infrastructure.
In partnership with Ernst & Young,
ULI publishes an annual review of
global infrastructure trends that
has established itself as a leading
report in the sector. The seventh
edition, Infrastructure 2013: Global
Priorities, Global Insights, was
launched at the Spring Meeting
in San Diego, followed shortly in
June 2013 by additional outreach
at the ULI Asia Pacifi c Summit in
Shanghai and presentations at the
ULI Real Estate Trends Conference
in London. A panel discussion
in New York City combined with
additional district council events
across the United States meant
that about 2,700 ULI members
worldwide were directly engaged
with the report.
ULI’s infrastructure efforts do
not just focus on global trends,
but also tackle issues at a more
local level. With support from
the Rockefeller Foundation, ULI
in December 2012 published
Shifting Suburbs: Reinventing
Infrastructure for Compact
Development. The report
examined how eight suburban
redevelopment projects tackled
infrastructure challenges, from
planning through to funding
and fi nancing, examining both
winning strategies and hurdles
to development that had to be
overcome. The lessons from
the report formed the basis for
a program of ULI district council
events that engaged more than
1,200 members across the United
States.
Also with support from the
Rockefeller Foundation, ULI
produced When the Road Price
Is Right: Land Use, Tolls, and
Congestion Pricing, a report on
the potential impact on land use
practices of the movement toward
tolling and road pricing across
the United States. The report,
which drew on two workshops
that convened experts on the
topic in Washington, D.C., and
San Francisco, during summer
2012, included fi ve highways as
practical case studies. The report
concluded that new approaches
to funding could support
development in compact, mixed-
use nodes if land use and transit
are carefully coordinated with
these investments.
Rockefeller Foundation funding
also supported ULI’s work on U.S.
federal transportation policy, in
which the organization engaged
ULI Infrastructure Initiative
and educated members on the
topic, and identifi ed opportunities
for the federal transportation
program to better support
the market shift toward more
compact, transit-oriented, and
mixed-use communities.
The Infrastructure Initiative partners
with other centers within ULI to
advance understanding of the
intersection between infrastructure
and other elements of the built
environment. “America in 2013: A
ULI Survey of Views on Housing,
Transportation, and Community,”
which was undertaken jointly with
the Terwilliger Center for Housing,
examined what Americans want
and expect from the places
where they live. The research,
which included a nationally
representative survey of more than
1,200 adults, established that
demand for mixed-use, compact
development is strong and that the
appeal of compact development
crosses generations. The fi ndings
of this report were published
and presented at ULI’s Spring
Meeting in San Diego, received
solid media attention from news
outlets including the Wall Street
Journal and other publications,
and were widely shared via
speaking engagements with ULI
networks and external partners
and organizations.
Waterloo Station in London.
02ULIAnnualReport_MainPages.indd 38 3/13/14 3:15 PM
S H A P I N G C I T I E S A N D R E G I O N S
S H A P I N G C I T I E S A N D R E G I O N S | 3 9
URBAN LAND INSTITUTE1025 Thomas Jefferson Street, NWSuite 500 WestWashington, DC 20007-5201
ISBN: 978-0-87420-264-9
Infrastructure 2013: Global Priorities, Global Insights is the
seventh in a series of global annual reports assessing the state
of infrastructure globally and connecting strong infrastructure
investment decisions to national and metropolitan prosperity.
Infrastructure 2013 includes:
■■ Up-to-date information on the latest infrastructure
investment trends, challenges, and innovations;
■■ Coverage of the Asia Pacific region, Europe/Middle East/
Africa, and the Americas;
■■ Informative charts and graphs;
■■ Highlights of transformative infrastructure investments from
around the world; and
■■ Quotes and other insights from the infrastructure field’s
leading experts and thinkers.
Produced by the Urban Land Institute and Ernst & Young,
Infrastructure 2013 pinpoints the trends, policies, and issues
shaping infrastructure in 2013 and beyond.
Based on interviews with infrastructure experts, up-to-date
research and analysis, and other sources, the report is full of
essential information and insights for any infrastructure or land
use professional.
Infrastructure2013
Global Priorities, Global Insights
I S B N 978-0-87420-264-9
9 7 8 0 8 7 4 2 0 2 6 4 9
5 0 9 9 5
INFR
AS
TRU
CT
UR
E 2013: G
LOB
AL P
RIO
RITIE
S, G
LOB
AL IN
SIG
HTS
IR-2013_Cover-Spine.indd 1 4/29/13 12:28 PM
Delivering a clean water supply remains a key infrastructure challenge in many countries.
02ULIAnnualReport_MainPages.indd 39 3/13/14 3:15 PM
CONNECTING CAPITAL AND THE BUILT ENVIRONMENT
4 0 | U L I 2 0 1 3 A N N U A L R E P O R T
Above, left to right: Kok Huat Goh, president of GIC Real Estate; Olivier Piani, chief executive of Allianz Real Estate; Simon Treacy, group chief executive of MGPA; and Thomas Garbutt, head of global real estate at TIAA-CREF, discuss global capital flows at the ULI Europe Annual Conference.
Right: Van Stults, managing director at Orion Capital Managers, at the ULI Transatlantic Capital Markets Forum.
02ULIAnnualReport_MainPages.indd 40 3/13/14 3:15 PM
CONNECTING CAPITAL AND THE BUILT ENVIRONMENT
C O N N E C T I N G C A P I TA L A N D T H E B U I LT E N V I R O N M E N T | 4 1
T he Capital Markets
Center aims to inform and
educate ULI’s members
regarding the intersection of real
estate fi nance and capital markets
and address their interests in
wider economic and property
sector trends.
The Capital Markets Center once
again published its renowned
series of Emerging Trends in Real
Estate® reports in partnership
with PwC. The three reports,
covering the Americas, the Asia
Pacifi c region, and Europe, were
released between October 2012
and January 2013 and captured
the key anticipated real estate
developments for the year ahead.
The reports were presented by
PwC partners and ULI’s fellows
and staff at 65 events around the
world, directly reaching nearly
10,000 people.
The reports have established
a wider reputation as a trusted
source on the outlook for
real estate investment and
development trends. As a result,
they were cited in more than
450 articles worldwide, including
mainstream media outlets such as
the New York Times, Wall Street
Journal, Reuters, South China
Morning Post, CNBC, and CNN.
In the United States, the Capital
Markets Center has established
the ULI/Ernst & Young “Real Estate
Consensus Forecast,” which is a
twice-yearly survey of 50 leading
economists. The forecast, which
provides quantitative outlooks
on 27 indicators covering
the economy and real estate
market conditions, now regularly
attracts 350 members to the
corresponding webinar.
The Capital Markets Center also
brings members together face-to-
face at meetings and forums. The
annual ULI McCoy Symposium on
Real Estate Finance took place in
New York City in December 2012,
assembling 40 leaders in the
world of real estate fi nance and
investment to discuss and explore
key trends and issues affecting
real estate capital markets.
In Europe, ULI published its
second Have Property Funds
Performed? report, which
analyzed the returns provided by
real estate funds over the previous
decade. The report was launched
at Barcelona Meeting Point in
October 2012 and sparked
numerous articles in real estate
investment publications.
The Transatlantic Capital Markets
Forum, held in Paris in June
2013, brought together 30
leading real estate capital markets
professionals from both sides of
the Atlantic. The event explored
the availability of debt and equity,
as well as the outlook for real
estate markets in both Europe and
the United States.
In Asia, Mainland China Real
Estate Markets: Analysis of
City Investment Prospects
was released in June 2013 at
the ULI Asia Pacifi c Summit in
Shanghai. Now in its third year,
the report focuses on real estate
development and investment
prospects in 36 of the largest
cities in Mainland China. A joint
effort between the Capital Markets
Center and ULI Asia, it draws from
an annual survey of and interviews
with industry experts who are
active in Mainland China and
based in Mainland China or
Hong Kong.
The Capital Markets Center also
brings members together face-to-
face at meetings and forums. The
annual ULI McCoy Symposium on
Real Estate Finance took place in
T he Capital Markets
Center aims to inform and
educate ULI’s members
regarding the intersection of real
estate fi nance and capital markets
ULI Center for Capital Markets and Real Estate
EmergingTrends inReal Estate®
Europe2013
ULI Life Trustee Bowen H. (Buzz) McCoy, who generously endowed the ULI McCoy Symposium.
The Emerging Trends reports were presented to nearly 10,000 people at 65 events around the world.
02ULIAnnualReport_MainPages.indd 41 3/13/14 3:15 PM
ULI’s Advisory Services
panels provide strategic
advice and practical
solutions to communities facing
urban development challenges.
From citywide master plans to
individual sites, the panels bring
together the best and brightest
from ULI’s diverse membership to
offer candid and impartial advice.
Panels consist of industry
leaders from a broad range of
backgrounds and disciplines
including developers, planners,
funders, market analysts,
economists, architects, and
public offi cials, who all volunteer
their time and expertise. The
panel spends up to a week on
site interviewing stakeholders,
exploring options, and debating
potential solutions before making
its fi nal recommendations.
Boston South Bay DistrictBoston’s South Bay district
sits at an industrial crossroads,
occupying a slice of land between
the city’s two major interstate
highways.
In the early 2000s, a major
infrastructure project known as
the Big Dig rerouted a portion of
Interstate 93 into an underground
tunnel. As a result, ten new parcels
of land opened up in South Bay,
but their development was stalled
by the 2008 recession.
Fast-forward to 2013 and a
brighter economic outlook, and
Boston’s leaders felt the time
was right to establish South Bay
as a vibrant mixed-use district.
However, they needed guidance
about how to proceed, so
ULI has undertaken over 600
Advisory Services panels around
the world since their inception in
1947 and delivered 11 panels in
the 2012–2013 fi nancial year:
■ Arusha, Tanzania
■ Budapest, Hungary
■ Buffalo, New York
■ Clark International Airport
and Special Economic Zone,
Philippines
■ Healthy community panels
• Arvada, Colorado
• Lamar, Colorado
• Westwood, Denver,
Colorado
■ Manatee County, Florida
■ Niagara Falls, New York
■ South Bay, Boston,
Massachusetts
■ University of California,
Merced, California
Advisory Services Panels
An Advisory Services Special Report22 23Barcelona, 1999
mixed-use, sustainable development project that aimed
to complete the urban beachfront regeneration begun in
1987 for the 1992 Summer Olympic Games.
The sponsors charged the panel with evaluating proposed
convention center plans for the site, as well as the city’s
convention and congress market. Barcelona already had
one convention center, the Fira de Barcelona; was there
enough market demand for another? And if the answer
to that question was “yes,” how should the Diagonal Mar
site be master planned to develop a successful convention
center there? At the same time, Barcelona was prepar-
ing to host the proposed World Forum of Cultures (Forum
2004) and wanted to know if the proposed new convention
center should be built as a venue for that event.
“Local parties had combined the two issues, seeking to
build a new convention center for Forum 2004 without
considering the center’s longer-term use and focusing
only on the needs of Forum 2004 in thinking about the
convention center design,” recalls De Francia. “One of our
most important conclusions was that these were separate
questions; each needed to be assessed independently.”
The panel agreed with Hines and the city that the Diagonal
Mar site, though constrained, was an appropriate one for
the proposed convention center, and presented recom-
mendations to assist the city in moving ahead with building
a marketable convention center there. The panel offered
guidelines regarding the sizes and locations of various ele-
ments (including how many hotel rooms would be needed
and where they should be located), provided advice on
how to incorporate technology, and suggested preemp-
tive planning to mitigate adverse urban impacts such as
noise and traffic. Overall, the panel’s report stressed that
Barcelona: New Convention Center Expands Meetings Market—1999
president of Lowe Enterprises Community Development
Inc., to look at a parcel of land slated for public use that
was part of Hines’s Diagonal Mar, a 34-hectare (84 acre)
Picture a modern, expansive convention center set in Barcelona’s Diagonal Mar
seafront esplanade and near 22@, the city’s new business and technological
district, surrounded by nearly 5,000 hotel rooms and a complete public transport
network. The Centre de Convencions Internacional de Barcelona, which opened in
2004, has helped transform Barcelona into the number-three city for association
meetings worldwide (after Vienna and Paris). Its successful development—which
has spurred significant additional development in the surrounding area—can be
traced back to a 1999 ULI Advisory Services panel that was asked to evaluate the
city’s proposed plan for a new convention center on the Diagonal Mar site, as well
as Barcelona’s convention and congress market and the proposed World Forum of
Cultures.
Hines and the city of Barcelona cosponsored the Advisory
Services panel that visited Barcelona in November 1999.
They asked the panel, chaired by James De Francia,
ASImpact2013.indd 22-23 2/26/14 1:29 PM
4 2 | U L I 2 0 1 3 A N N U A L R E P O R T
02ULIAnnualReport_MainPages.indd 42 3/13/14 3:15 PM
they enlisted the help of a ULI
Governors Advisory Panel.
Governors Advisory Panels
(GAPs) are a special subset of
the Institute’s Advisory Services
program, funded through a
generous gift from ULI Foundation
Governor John Hagestad. As
Hagestad explains, the ULI
Foundation Governors “have a
tremendous knowledge base
in their areas of expertise; I
would say there is no finer
body of knowledge and that it’s
unmatched throughout the world.”
In the case of Boston, city leaders
felt a sense of urgency about the
South Bay planning area. As the
Governors toured South Bay,
they recognized that the site held
enormous potential, especially
with Tufts Medical Center in the
neighborhood. The panelists
suggested scaling back proposals
for intensive development and
focusing on creating better
connectivity between the parcels,
a more creative use of open
spaces, and partnerships to
bolster existing residential and
retail developments on the site.
“We made some very solid
recommendations and saved
[Boston] a whole lot of agony going
forward,” says panel chairman
Smedes York of York Properties
Inc. “Whether they agree with it or
not, it’s totally up to them. The idea
is that we have the credibility and
it’s what we really believed.”
A D V I S I N G C O M M U N I T I E S I N N E E D
A D V I S I N G C O M M U N I T I E S I N N E E D | 4 3
“ [ULI Governors] have a tremendous knowledge base in their areas of expertise; I would say there is no finer body of knowledge and that it’s unmatched throughout the world.”
—John S. Hagestad, managing director, Sares Regis Group, and ULI Governor
02ULIAnnualReport_MainPages.indd 43 3/13/14 3:15 PM
Headline
Budapest, HungaryBudapest is a city of significant
size and importance—it
is Europe’s seventh most
populous city and the largest
in eastern Europe. Despite
the city’s rich endowment of
culture and creative assets
and urban design, the recent
global and European economic
challenges have exposed the
city’s lack of competitiveness and
demonstrated that it has limited
access to new growth sectors and
investment. The city has not kept
pace with other central European
rivals and there is no obvious
source of future growth in the
absence of a new, dedicated and
proactive strategy.
Conversely, the new focus from
the E.U. and World Bank on
the Danube as a strategic level
for intervention, the provision
of urban investment capital
within the EU budgets, and the
growth of Budapest’s population
provide opportunities for a new
strategic framework for the city’s
development.
Sandor Finta, the chief architect for the municipality of Budapest, briefs the ULI Advisory Services panel on the challenges facing Budapest.
In June 2013, a two-day
panel, made possible by a ULI
Foundation Urban Innovation
Fund (UIF) grant, was undertaken
at the invitation of the city of
Budapest. The panel, led by ULI
Europe’s chief executive, Joe
Montgomery, and senior visiting
fellow, Professor Greg Clark, also
included Paolo Verri from the
Urban Centre in Turin, Italy, and
Dr. Eugen Antolovsky, director of
EuropaForum, based in Vienna,
Austria.
The panel examined the
potential for Budapest over
the next decade, including
the consequences of failing to
optimize opportunities, how the
public and private sectors should
collaborate to realize the potential,
and how the city should be
positioned and branded.
The Clark Special Economic Zone (CSEZ)Clark International Airport and
Special Economic Zone, located
on Luzon Island in the Philippines,
is located approximately 40 miles
northwest of metro Manila. The
base, which was vacated by the
U.S. Defense Department in 1991,
later served as an international
airport and as a facility for the
Philippine Air Force. It covers
14 square miles, much of which
contains underused or obsolete
space.
The Base Conversion and
Development Authority (BCDA)
of the Philippines commissioned
a ULI Advisory Services panel,
which visited the area on a five-
day assignment in January 2013.
The panel toured the facility and
conducted numerous stakeholder
interviews, including a meeting
with Philippine Secretary of
National Defense Voltaire Tuvera
Gazmin.
The panel concluded that the
redevelopment of the former Clark
Air Base in the Philippines, now
the Clark International Airport and
Special Economic Zone, had the
potential to provide significant
economic benefits as a thriving
aerotropolis serving the entire
region.
Among the panel’s recommen-
dations for the redevelopment
were the establishment of a new
world-class airport facility to serve
as the gateway to the Philippines,
improved transport access to the
airport, and development of the
surrounding districts to create
housing, commercial, and industri-
al uses, as well as educational,
recreational, and tourist facilities.
“The panel was well received
at the highest levels of the
Philippines’ defense department
and other government agencies.
Our meeting with the secretary
4 4 | U L I 2 0 1 3 A N N U A L R E P O R T
02ULIAnnualReport_MainPages.indd 44 3/13/14 3:15 PM
and his senior aides allowed the
panel to thoroughly understand
the interests of the defense
establishment with regard to the
redevelopment of Clark,” said ULI
leader James DeFrancia, chairman
of the Advisory Services panel and
principal of Lowe Enterprises, Inc.
in Aspen, Colorado.
A D V I S I N G C O M M U N I T I E S I N N E E D
A D V I S I N G C O M M U N I T I E S I N N E E D | 4 5
Advisory Services panel site tour to the Clark Special Economic Zone (CSEZ) in the Philippines.
02ULIAnnualReport_MainPages.indd 45 3/13/14 3:15 PM
4 6 | U L I 2 0 1 3 A N N U A L R E P O R T
Above and facing page: Peter Walker leads a tour of the National September 11 Memorial in New York City.
Right: Amanda M. Burden, 2009 J.C. Nichols Prize Laureate and then New York City Department of City Planning commissioner, presented Peter Walker with the ULI J.C. Nichols Prize for Visionaries in Urban Development. Burden was the fi rst donor for the prize, which was supported by MetLife Foundation and the Kresge Foundation in FY2013.
Left: One World Trade Center—also known as the Freedom Tower—is the main building of the new World Trade Center complex, which is also the location of the Peter Walker–designed September 11 Memorial.
02ULIAnnualReport_MainPages.indd 46 3/13/14 3:15 PM
Awards
In addition to that memorial,
Walker and his California fi rm PWP
Landscape Architecture have
designed prominent landscapes
for clients around the world,
including the Nasher Sculpture
Center in Dallas, Sony Center in
Berlin, and Millennium Parklands
in Sydney.
Through his academic positions
leading the landscape architecture
departments at Harvard University
and the University of California at
Berkeley, Walker has infl uenced
generations of landscape architects
and brought a heightened sense of
professionalism and distinction to
the fi eld.
John Bucksbaum, chairman of
the Nichols Prize jury, believes
Walker’s landscapes create
memories, community, and
personal experience as much as
they evoke these themes. “His
work is completely representative
of what the Nichols Prize stands
for—a lifelong dedication to
building places that will be shared
and cherished for generations.
“For ULI, choosing Peter Walker
makes a statement about
the importance of landscape
architecture to the built
environment, and especially the
necessity of providing sustainable
systems, both built and natural,”
Bucksbaum says.
ULI’s highest honor, the annual
prize was endowed to the ULI
Foundation by the family of
J.C. Nichols as a legacy of the
legendary Kansas City, Missouri,
developer and founding ULI
member. The prize recognizes
exemplary work that is rooted in a
commitment to change people’s
lives for the better.
ULI’s globally renowned
award programs play a
crucial role in recognizing
best practices in land use around
the world. The awards act as
recognition for the exceptional
work and dedication shown by
real estate practitioners from all
disciplines as well as provide
encouragement and inspiration for
others to follow. By acknowledging
the very best, ULI hopes to raise
standards across the world.
The ULI J.C. Nichols Prize for Visionaries in Urban DevelopmentThe ULI J.C. Nichols Prize for
Visionaries in Urban Development
was won in 2012 by renowned
landscape architect Peter Walker.
The fi rst landscape architect to
win the Nichols Prize, Walker
has spent the past fi ve decades
creating public spaces that
are beautiful, user friendly, and
memorable. His passion remains
designing landscapes that are
“fl exible enough” that people want
to return.
“What I try to do whenever I
take on a project is I think about
the people who might be using
it—from little kids to old folks to
everyone in between,” Walker
says. “I try to satisfy those needs
in the most direct and simple way
possible.”
Walker’s most famous project
is the National September 11
Memorial in New York City, which
evokes a range of emotions due
to the enormity of the event it
commemorates and the beauty of
its elegant design.
“ His work is completely representative of what the Nichols Prize stands for— a lifelong dedication to building places that will be shared and cherished for generations.”
—John Bucksbaum, chairman of the jury commenting on J.C. Nichols Prize winner Peter Walker
D R I V I N G I N N O V A T I O N
D R I V I N G I N N O VAT I O N | 4 7
02ULIAnnualReport_MainPages.indd 47 3/13/14 3:15 PM
transformation of the public
domain, integrating large-scale
commercial development, a highly
articulated playground, and public
space.
■ Levine Center for the Arts,
Charlotte, North Carolina, USA.
(Developer: Childress Klein
Properties, Wells Fargo & Co.;
architects: TVSDesign, Machado
and Silvetti Associates, Mario
Botta, et al.) Cultural complex as
an urban experience, generating
a vibrant and high-energy arts
district.
■ Life Hub @ Jinqiao, Shanghai,
China. (Developer: Shanghai
Edmonton Real Estate Co.
Ltd.; architect: Palmer & Turner
Consultants Ltd.) Retail-anchored
mixed-use development project
articulating an integrated
environment.
■ Manitoba Hydro Place,
Winnipeg, Manitoba, Canada.
(Developer: Manitoba Hydro,
Kuwabara Payne McKenna
Blumberg Architects, et al.) Public/
private partnership to generate
a downtown, state-of-the-art,
energy-efficient office structure.
■ Mirabella at South Waterfront,
Portland, Oregon, USA.
(Developer: Pacific Retirement
Services; architect: Ankrom
Moisan.) High-rise retirement
community enabling engagement
with the greater downtown
lifestyle.
■ Red Oak Park, Boulder,
Colorado, USA. (Developer:
Boulder Housing Partners;
architect: Coburn Development.)
Urban infill redevelopment of a
mobile-home park into highly
sustainable affordable housing.
Global Awards for ExcellenceEstablished in 1979, the ULI
Global Awards for Excellence
continue to be at the heart of the
Institute’s efforts to identify and
promote best practices in all types
of real estate development.
The 34th year of the awards
program saw 14 developments
in eight countries selected as
winners from among nearly 200
entries. Each of the winning
projects demonstrated exceptional
standards of excellence in
design, construction, economics,
planning, and management.
The 2012 Global Awards for
Excellence winners were:
■ Accident Fund Holdings Inc.,
New National Headquarters,
Lansing, Michigan, USA.
(Developer: Christman Capital
Development Company;
architects: HOK, Quinn Evans
Architects, et al.) Historic
preservation partnership for the
repurposing of a power plant for
higher-end office use.
■ Armstrong Place Senior and
Family Housing, San Francisco,
California, USA. (Developer:
BRIDGE Housing Corporation;
architect: David Baker + Partners;
builder: Nibbi Brothers General
Contractors.) Affordable and
senior housing as a catalyst for
revitalization.
■ Atlantic Wharf, Boston,
Massachusetts, USA. (Developer:
Boston Properties; architect: CBT
Architects.) Mixed-use green
waterfront skyscraper integrated
with the harbor and surrounding
neighborhood.
■ Darling Quarter and
Commonwealth Bank Place,
Sydney, Australia. (Developer:
Lend Lease; architects: fjmt,
ASPECT Studios.) Major
Mirabella at South Waterfront in Portland, Oregon, creates a signature for senior living integrated into a dense urban neighborhood. Image: Lawrence Anderson Photography.
4 8 | U L I 2 0 1 3 A N N U A L R E P O R T
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■ Saigon South New City
Center, Ho Chi Minh City,
Vietnam. (Developer: Phu My Hung
Corporation; architects: Skidmore,
Owings & Merrill LLP, Kenzo
Tange Associates, et al.) Large
master-planned community
retaining local character with a
sustainable approach.
■ The Avenue, Washington,
D.C., USA. (Developer: Boston
Properties; architects: Pelli Clarke
Pelli Architects LLP, Hickok
Cole Architects, et al.) Complex
mixed-use development of a city
block reintegrating diverse urban
functionality.
■ The Fitzrovia Apartments,
London, U.K. (Developers:
Ridgeford Properties Ltd. and
Manhattan Loft Corporation;
architect: HOK.) Mixed-use,
high-end development including
an affordable component and
a public/private partnership to
redevelop a medical facility.
■ Tour First, Paris, France.
(Developers: Altarea-Cogedim,
AXA REIM, and Beacon Capital
Partners; architect: Kohn Pedersen
Fox Associates.) Refurbishment
and modernization of a pioneering
skyscraper, enhancing its
presence and impact on the
surrounding area.
■ Valletta Waterfront, Malta.
(Client: Valletta Cruise Port PLC;
design team: EDSA Inc., AP, Colin
Toms and Partners.) Regeneration
of derelict ferry terminals in a
historic core offering a new
amenity model.
Urban Open Space AwardThe annual Urban Open Space
Award celebrates and promotes
vibrant, successful urban open
spaces by recognizing and
honoring an outstanding example
of a public destination that
has enriched and revitalized its
surrounding community. The award
was created through the generosity
of Amanda M. Burden, New York
City planning commissioner and
2009 J.C. Nichols Prize laureate.
The award continues through the
generous support of the Kresge
Foundation, the MetLife Foundation,
and the ULI Foundation.
The 2012 winner of the Urban
Open Space Award was Railroad
Park in Birmingham, Alabama.
D R I V I N G I N N O V A T I O N
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An innovative public realm articulates Darling Quarter’s commercial development in Sydney Australia. Image: John Marmaras.
02ULIAnnualReport_MainPages.indd 49 3/13/14 3:15 PM
The project was recognized for
its creative reuse of a railroad
freight yard to transform the city’s
urban center and for its deliberate
attempt to weave the city’s history
into a timeless urban space.
In the 20th century, Birmingham
suffered from racial and socio-
economic divisions caused by
segregation, urban flight, and
violent reactions to the civil
rights movement. As the new
millennium approached, city
leaders sought ways to creatively
redevelop the city’s blighted urban
core and forge a connection
to the University of Alabama at
Birmingham, located on the city’s
southeast corner. They believed
the city’s railroad-based history
would figure prominently in giving
the downtown a fresh look and a
brighter future.
Based in part on recommendations
from a 2002 ULI Advisory Services
panel, Birmingham created a
public park on 19 acres straddling
the rail corridor. Railroad Park
opened in 2010. Now regarded
locally as “Birmingham’s living
room,” Railroad Park is a space
of celebration, recreation, and
relaxation for city residents. It
sparked a surge of interest among
business leaders in pursuing
new real estate developments,
including the Cityville Block 121
luxury residential complex, and
Pepper Place, a $13 million office
and retail space for design-focused
businesses.
“The Urban Land Institute Urban
Open Space Award is a testament
to Railroad Park’s role as a catalyst
for growth and revitalization in
downtown Birmingham,” says
Camille Spratling, executive
director of Railroad Park. “It’s
gratifying that the work of such
a dedicated group of people is
receiving recognition. I’m proud to
be part of that.”
In naming the winner, Randall K.
Rowe, chairman of the award
jury, said, “Railroad Park is a
transformative example of how
open space can enrich and
revitalize a surrounding community
as well as become a critical part of
the urban social fabric.”
“ Railroad Park is a transformative example of how open space can enrich and revitalize a surrounding community as well as become a critical part of the urban social fabric.”
—Randall K.Rowe, chairman of the Urban Open Space Award jury
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Armstrong Place offers a townhouse development full of first-time homebuyer families.
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ULI Gerald D. Hines Student Urban Design CompetitionThe ULI Gerald D. Hines Student
Urban Design Competition is an
urban design and development
challenge for graduate students.
Since its inception in 2003, the
Hines Competition has challenged
graduate students to form multi-
disciplinary teams and devise
a comprehensive development
proposal for a real, large-scale site.
The competition gives students
hands-on experience in the real-
world process of working with
colleagues from other disciplines
to create a viable development
project. The winning team receives
a $50,000 prize, with the finalist
teams also receiving $10,000
each, made possible by a $3
million endowment from Gerald D.
Hines to the ULI Foundation.
The winning team in 2013 was
made up of students representing
Kansas State University, the
University of Missouri at Kansas
City, and the University of Kansas.
The team won with its proposed
long-term development plan for
a Downtown East Minneapolis
site adjacent to the forthcoming
Minnesota Vikings stadium.
Although based on a fictional
scenario, the winning proposal,
titled “The Armory,” tackled city
and local stakeholders’ desire to
reinvent Downtown East as interest
builds in anticipation of the new
stadium. This design provided
a new vision for the area that
transforms the rigid, undesirable
economic conditions at site—with
surface parking and billboards—into
a dynamic, livable urban district.
The proposal included using an
underused historic structure, the
Armory, as a symbol of identity for
the revitalized area and created
the city’s first iconic open space.
Most important, the winning
proposal was grounded in the
market realities of Minneapolis,
using strategies that capitalized
on concurrent activity to create
a desirable place to live in each
phase of development.
“It was a tremendous experience
in terms of collaboration and
to test ourselves against some
of the best schools,” said
Kevin Cunningham, a Kansas
State University team member
pursuing a master of landscape
architecture. “One of the strengths
of our team was how well we
collaborated among ourselves,
especially when we were meeting
each other for the first time back
in the fall. We really wanted to
learn from each other and grow as
young professionals throughout
the competition. It was great to
represent Kansas State University
and the entire region in a project
that turned out to be successful.”
The team competed against
790 students representing 70
universities across the United
States and Canada. The judges
were impressed by the high quality
of the final proposals.
“The winning team, composed
from three different disciplines
and three different universities,
designed and presented
so seamlessly, and the jury
evidenced first-hand the best of
interdisciplinary functionality and
thinking that Gerry Hines had
sought in this competition,” said
jury chairman Bart Harvey.
“ … the jury evidenced first-hand the best of interdisciplinary functionality and thinking that Gerry Hines had sought in this competition.”
—Bart Harvey, chairman of the ULI Gerald D. Hines Student Urban
Design Competition
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Educational Programs
Sharing of best practices
among members
and developing the
next generation of real estate
professionals—crucial parts of
ULI’s mission—are delivered
through a range of educational
programs.
UrbanPlanULI looks to nurture understanding
of the built environment among
young people through the
innovative UrbanPlan initiative.
Developed in partnership with
the Fisher Center for Real Estate
and Urban Economics at the
University of California at Berkeley,
UrbanPlan educates tomorrow’s
neighbors, community leaders,
public offi cials, and land use
professionals on issues involving
planning and land use.
UrbanPlan enables students at
high schools and universities
to discover how the forces
of a market economy clash
with and are infl uenced by the
nonmarket forces of representative
democracy in creation of the built
environment. The interactive,
classroom-based program asks
student teams to address options
for the redevelopment of a blighted
site in a hypothetical community,
examining the project from a
number of perspectives. The
program is taught by ULI members
and is run through the District
Council network.
UrbanPlan has reached more than
20,000 students across the United
States since its launch in 2004 and
has enabled more than 1,500 ULI
members to share their knowledge
and experience with the future
leaders in the fi eld of real estate.
Professional Development ProgramULI operates a professional
development program for
practicing real estate professionals
at all levels. The program is
designed to serve professionals
across multiple disciplines through
in-person, online live, and on-
demand workshops covering
a variety of real estate topics.
During the past fi scal year, a total
of 1,775 people participated in
ULI’s professional development
programs in one of these three
formats.
Because ULI is an approved
provider of continuing education
for the American Institute of
Architects (AIA) and the American
Institute of Certifi ed Planners
(AICP), many of the Institute’s
courses, workshops, and events
provide credits for professional
accreditations from these
organizations.
Last year, ULI conducted 30 one-,
two-, and three-day in-person
workshops that were attended
by 749 participants; for the fi rst
time, two customized programs
took place in Saudi Arabia. The
workshops included new-format
ULI Real Estate School programs,
which were redesigned to last
three days rather than four; the
winter school programs were
held individually rather than
simultaneously, helping boost
overall attendance to 277 people,
up from 169 attendees for the
previous year.
To accommodate professionals
unable to attend workshops
in person and those who
prefer the fl exibility provided by
remote learning, ULI provides
a combination of live online
programming and recorded
content available on demand.
ULI held 21 two-hour webinar
sessions on nine program topics
and three on-demand programs
that were attended by a total of
726 people.
The fi rst program to combine both
live and remote elements was also
undertaken last year, with the live
workshop taking place in Reed
Smith’s Washington, D.C., offi ces,
with a video broadcast to District
Council audiences in Los Angeles,
San Francisco, and Chicago.
“ UrbanPlan is in a class by itself—advancing ULI’s mission and brand while enriching students, the community, and ULI members alike.”
—Rick Dishnica, president, The Dishnica Company LLC
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Above: UrbanPlan participants, ULI San Francisco.
Right: Martin McDermott, a real estate instructor for ULI’s Professional Development Program.
Far right: ULI New York member volunteers receiving an award for UrbanPlan.
02ULIAnnualReport_MainPages.indd 52 3/13/14 3:15 PM
“ Through UrbanPlan, my students knit together a complex network of ideas with a taste of zoning laws, building-site selections, not to mention number crunching. The instant appreciation and awareness of their urban environment are unparalleled.”
—Jose M. Cruz, assistant principal of social studies at Murry Bergtraum
High School for Business Careers in New York City
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02ULIAnnualReport_MainPages.indd 53 3/13/14 3:15 PM
Leadership Programs
L eadership is at the core
of ULI’s mission, so the
Institute looks for every
opportunity to help members
improve their leadership skills
and serve as leaders for ULI’s
many programs, panels, and
working groups. ULI conducts or
is actively involved with a number
of initiatives that look to enhance
leadership within members,
the development industry, and
communities everywhere.
Larson Leadership InitiativeThe Robert C. Larson Leadership
Initiative focuses on infusing “lead-
ership DNA” in ULI’s members.
The initiative provides training to
participants that enhances their
professional leadership skills, of-
fering programs and coaching that
enable them to be more effective
leaders in their businesses and
communities.
The last fi nancial year was
particularly active for the Larson
Leadership Initiative. More than
150 people participated in Centers
for Leadership across fi ve District
Councils in Atlanta, Michigan, the
Northwest, South Carolina, and
Washington, D.C. The Centers
are nine-month programs that
cultivate leadership skills among
emerging industry leaders.
More than 2,000 people attended
ten leadership sessions at the
Fall Meeting in Denver, and
another 60 top-level business
executives attending the CEO
Summit discussed the latest
industry trends and shared their
experiences and lessons learned
from managing their organizations.
The Spring Meeting Summit in
San Diego, which was held with
the Women’s Leadership Initiative,
was attended by 60 people and
took the form of an interview with
Deborah Szekely. The conference
also included the second annual
Emerging Leaders Roundtable,
with ULI Governor Sandy Apgar as
the moderator.
The Larson Leadership Initiative
also undertook a study on
CEO succession, titled Avoiding
Vacancy: Becoming a “Succession
Leader” in the Real Estate Sector, in
partnership with global executive
search fi rm Russell Reynolds
Associates.
Women’s Leadership InitiativePart of the Larson Leadership
Initiative, the Women’s Leadership
Initiative (WLI) was established
with the objective of raising the
visibility and number of women
leaders in ULI and the wider real
estate industry. The initiative was
offi cially launched at the 2012
Spring Meeting in Charlotte,
North Carolina, and its reach and
infl uence have grown during the
past fi scal year, aided in part by
over $100,000 provided by the ULI
Foundation Annual Fund.
The WLI provides a Fall Meeting
Scholarship Program recognizing
exemplary women members of
ULI who have made signifi cant
contributions to the organization
and have demonstrated a long-
“ We need to provide and implement the leadership skills necessary to attract, motivate, and retain the best and the brightest minds—the land use leaders of the future.”
—Harry Frampton, former ULI chair
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02ULIAnnualReport_MainPages.indd 54 3/13/14 3:15 PM
Women’s Leadership Initiative ScholarshipOne recipient of the WLI scholarship to
attend the Fall Meeting in Denver was
Laura Reinbold, a licensed professional
engineer and a branch manager of one
of the largest geotechnical engineering
firms in Tennessee.
“Engineering is not an easy industry
for women, especially for attaining
leadership positions,” says Reinbold,
who in 2012 became the first woman
elected to the board of directors for
the ASFE/the Geoprofessional Association.
Reinbold’s experiences showed her the importance of female role
models and managers in fields dominated by men—a conviction
that drew her to the WLI. Reinbold values ULI for “connecting my
engineering with the larger conversation about planning and land
use” and credits the WLI for “actively recruiting and retaining women
in my industry.”
term commitment to real estate
and land use issues. Last year,
nine women were awarded a
scholarship that provided them
with complimentary access to the
ULI Fall Meeting and a provision
for expenses.
Real Estate Associate ProgramULI has continued its active
involvement in and support
of the Real Estate Associate
Program (REAP), which is widely
acknowledged as the most
successful diversity initiative in the
commercial real estate industry.
This market-driven program
serves as a bridge between
talented minority professionals and
commercial real estate companies
looking for talent.
More than 80 REAP associates
now work for leading firms in
the industry, from London to
Los Angeles and New York to
New Mexico. The program was
launched in Washington, D.C.,
in 1997 and has since expanded
to cities across the United
States. Patrick Phillips serves
on the REAP Board of Directors,
and several REAP graduates
have joined the Institute through
ULI Los Angeles.
D E V E L O P I N G E X C E L L E N C E T H R O U G H E D U C A T I O N
Robert Larson’s goal was to ensure a “legacy of leadership” for the Institute—to infuse leadership DNA in ULI’s members.
D E V E L O P I N G E X C E L L E N C E T H R O U G H E D U C AT I O N | 5 5
Above left: Robert C. Larson
Above right, left to right: Rebecca C. Randolph, Leah C. FitzGerald, and Lynn Carlton.
Left: The REAP Chicago class of 2013—one of four REAP programs (New York Washington D.C.; and Cleveland) to graduate last year, all supported by ULI as part of its longstanding contribution to Project REAPs.
02ULIAnnualReport_MainPages.indd 55 3/13/14 3:16 PM
FoundersCircle$25,000 OR MORETrish and John Healy u Linda Law Peter Rummell u
Leadership Circle$10,000–$24,999Joseph Azrack u
Kathleen CareyJack ChandlerTobin CobbJames Curtis u
Bruce DuncanBruce Etkin u
Michael Fascitelli uMichael FoustThomas GarbuttMark GibsonRichard GollisRosalind Gorin u
Michael Hayde u
W. Dean Henry u
Tyler HigginsDorine Holsey Streeter uKenneth Hubbard u
Gregory Hummel uDavid JenkinsBruce Johnson u
Gregory Johnson u
Chaim KatzmanJeffrey Kelter uJames Klingbeil uA. Eugene Kohn u
David LentzVincent LoBruce Ludwig u
Todd Mansfi eld u
George Marcus u
Melinda Masson u
David Mayhood u
John McNellis u
Hamid MoghadamBarry Moss u
Robert O’Brien u
Richard Perlmutter uJonathan PollackDiana ReidPhilip RiordanHoward Roth u
Randall Rowe u
Deborah Ratner SalzbergGeoffrey Stack u
Lynn Thurber uSimon TurnerDavid Waite u
Chairman’s Circle$5,000–$9,999Douglas Abbey u
David AllmanClifford Booth u
Cia BuckleyJames Callard u
Colleen CareyRichard Dishnica u
Harry Frampton u
Theresa FrankiewiczJohn Hagestad u
Phillip Hughes u
John Kukral uChristopher Kurz u
Christopher LudemanBowen “Buzz” McCoy u
Robert MerckJohn O’BryanPeter Pappas u
Richard PowersDaniel Rose u
Adam SchwartzRobert Sharpe u
Martin SteinRobert Stine u
Thomas Toomey u
Frank Transue u
Goldie Wolfe Miller
President’s Circle$2,500–$4,999C. Joseph BlackbournG. Niles Bolton u
Mary Borgia u
Jonathan BrinsdenJohn Bucksbaum u
Marty BurgerPreston Butcher uKathryn CampbellLynn CarltonMona CarltonJ. Christopher Chaffi nJames Chaffi n u
William ChiltonStephen ConleyMichael Covarrubias u
John CushmanReg DelPonteAmbrose DittloffArthur Fields u
John Gates u
Veronica Hackett uJames Harris u
Alison HawkinsPamela HerbstJohn HigginsJonathan HoltzmanRobert Hughes u
Kirk HumphreysEdward James u
David JohnsonMarty JonesNeisen Kasdin u
Gadi Kaufmann u
Mary Ann KingSteven KohnM. Leanne Lachman u
David LarcherRobert Lieber uRobert Lowe u
Mary LudginDouglas LyonsWilliam MacDonaldJames Maginn u
Scott Malkin u
Barry MandelRoy March u
Lauralee MartinJohn McKinnerneyRobert McLeod u
Alexander MehranTerry MontesiConstance MooreBahram MotamedianVicki Mullins u
Mark MyersRonald Nahas u
Timothy NaughtonStephen NavarroJeremy Newsum u
Dennis OklakThomas OwensAlfred PaceMarc PerrinDan Petrocchi uEdward PettinellaSamuel PlimptonRichard PriceJames Ratner uDale Anne Reiss u
Carl RiegerStruan RobertsonJonathan RoseKenneth RosenRichard Saltzman u
Kevin ShannonKelley Smith u
Glenn StephensonRon SturzeneggerOwen Thomas u
Simon TreacyWarren TroupeDaniel Van Epp u
Greg Vogel uJohn WalshPhilip WatermanJaidev WatumullRobert Webster uGregory Weingast uSerena WolfeMargaret WyldeSmedes York u
Skyline Club$1,000–$2,499Matthew AkinToni Alexander uHoward AltshulerTyler AndersonRichard ArnoldJames BachnerLaura BaileyWill BalthropeThomas BarkerPeter BechenLaura BeuerleinCynthia BirminghamJohn BlumbergGraham BondRandall BoneJames BooneWilliam BownessRichard BurnsJames ButzHarvey CaminsGary CampbellRichard CampoAnthony CapuanoW. David CareyFrank CarmelJames CarpenterDaryl CarterDon CastoBruce ChoateRick ChoateDavid Christensen u
Sheri ChromowDavid ClarkBruce CohenU. Lincoln ColemanAlice ConnellDouglas Crocker uAlan Dean
Sean DeasyPierre DesautelsMark DetmerRobert DeVriesRobert DeWittBarry DiRaimondoThomas Donnelly u
Peter DonovanJoseph DrewJeffrey DritleyDavid DufenhorstLili DunnJack DurburgJohn EcholsSteven EggertGrant EhatJames EllisGregory EnglerDouglas Etkin u
Stephen FarnsworthGary Fenchuk u
Philip FitzgeraldJeremy FletcherCharles FlintMark ForresterBrad FossJohn FowlerDovid FrankelMerrie FrankelPatricia GibsonAlexandra GlickmanW. Andrew GowderDonald GrantRobert GrayBert GregoryRandall Griffi nAubrey HainesLee HalfordJames HammermeisterDeborah HarmonJeffrey HarrisThomas HartLori HatcherClyde HollandMatthew HolmesRobert HolmesGina HolstienDavid Howerton u
Robert IvanhoeF. Scott Jackson u
Robert JennettBruce Johnson u
K.S. KalsiFern KanterCraig KaufmanMichael Kelly u
James KetaiRobert KlineWalter Koelbel uMark Kroll uCraig Krumwiede u
Mark LearyChristopher LeinbergerRobert LewisRichard LincolnFrank LutzIsaac ManningAlan MarkWilliam Seth MartinJohn MaysBrian McAuliffeDaniel McCafferyWilliam McCall uJohn McClutchyThomas McNearneySusan MerrickDavid MgrublianRobin MichelAndrew MillerAndy Mitchell
Foundation Club$500–$999Corinne AbbottJ.J. AbrahamStuart AckerbergDallas AddisonThomas AdlerNariman AfkhamiLela AgnewChris AkbariHarry AlcockMark Alfi eriRyan AndersonScott AndersonSusan AnselFrank ApesecheMahlon Apgar uMichael AtkinsAnthony AvilaWilliam BanksScott BassinBrad BeelaertChristopher BedaDean BellasStephen BenjaminThomas BennisonCharles BermanKenneth BernsteinCarl BerryMichael BerryMatthew BirenbaumStephen BlankBrandon BlaserRichard BoalesWilliam BogaardTimothy BolingerJoseph BonnerPaul BordenParrish BorenJ. Theodore BorterStephen BowersJohn BreitingerSean BreslinCharles BrindellJames BrinkerhoffRonald BrockBarry BrownNeil BrownTed BrownEdward BurrBrian ByrneDavid CacciapagliaMargaret CafarelliPeter CalkinsMichael CaprileRobert CardozaSusan CarterGeorge Casey u
Lawrence CaseyDaniel Cashdan u
Riaz CassumJohn Cecil uKathleen Cecilian u
Jeffery CernutoAnthony ChangJohn CibinicHenry CisnerosJeffrey CitrinMichael CochranKenneth CodeHoward CohenJack CohenKevin ColketArt CollinsBrian CollinsGregory CollinsMarty CollinsSean CooleyDavid CordishEmerick CorsiLawrence CorsonMichael CouchJeff CourtwrightL. Michael CoxThomas Cox u
William CramerBrian CullenRon CurtisPeter Cyrus
Donald MontiJonathan MossJames MulvihillPatrick NashDaniel Neidich u
David Nelson u
Arndt NicklischWilliam O’ConnorJohn O’Donnell uJohn OrehekCoburn PackardBarbara Koz PaleyLawrence PalumboAlan PattonChristopher PayneJohn PetersonPatrick Phillips u
Russell PlattJohn PorterThomas PowersRoger PrattStephen Quazzo u
Jeff QuicksilverAdam RaboyRon RasmussenEugene ReillyGreg ReimersMarc RenardWilliam ReynoldsKim Richards u
David RobertsonRuben RocaAlex Rose u
Wendy RowdenJoseph RubinRobert Ruth u
Anne RyanDaniel Safi erBrian SandsMichael Schueler uIra SchulmanDavid SchwartzElizabeth SeifelWilliam SelvageThomas SenkbeilScott ShapiroStephen SilkRonald Silverman u
Mark SilverwoodJohn SlidellRichard SteinSabine StenerGary StewartPhillip StoffregenJeffrey Swope u
Robert TaubmanMark TennisonRobert ThompsonSheri ThompsonWilliam Tooley u
Alexander TwiningGregory VorwallerLee WalkerFrank WalterThomas WattlesDaniel WeaverK. Jay WeaverRobert Weekley u
Stephen WhyteJohn WilbanksCynthia Wilusz LovellMichael WinnR. Kyle WinningCasey WoldAaron WoolerJames WormsMathew WymanF. Karl Zavitkovsky�Jon Zehner uSimon Ziff
Theresa FrankiewiczJohn HagestadPhillip HughesJohn KukralChristopher KurzChristopher LudemanBowen “Buzz” McCoy
FoundersCircle$25,000 OR MORETrish and John Healy u
Theresa FrankiewiczJohn HagestadPhillip HughesJohn KukralChristopher KurzChristopher LudemanBowen “Buzz” McCoy
ULI Foundation Annual Fund
5 6 | U L I 2 0 1 3 A N N U A L R E P O R T
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H E A D E R ? ? ?U L I F O U N D A T I O N A N N U A L F U N D
Foundation Club$500–$999Corinne AbbottJ.J. AbrahamStuart AckerbergDallas AddisonThomas AdlerNariman AfkhamiLela AgnewChris AkbariHarry AlcockMark AlfieriRyan AndersonScott AndersonSusan AnselFrank ApesecheMahlon Apgar uMichael AtkinsAnthony AvilaWilliam BanksScott BassinBrad BeelaertChristopher BedaDean BellasStephen BenjaminThomas BennisonCharles BermanKenneth BernsteinCarl BerryMichael BerryMatthew BirenbaumStephen BlankBrandon BlaserRichard BoalesWilliam BogaardTimothy BolingerJoseph BonnerPaul BordenParrish BorenJ. Theodore BorterStephen BowersJohn BreitingerSean BreslinCharles BrindellJames BrinkerhoffRonald BrockBarry BrownNeil BrownTed BrownEdward BurrBrian ByrneDavid CacciapagliaMargaret CafarelliPeter CalkinsMichael CaprileRobert CardozaSusan CarterGeorge Casey u
Lawrence CaseyDaniel Cashdan u
Riaz CassumJohn Cecil uKathleen Cecilian u
Jeffery CernutoAnthony ChangJohn CibinicHenry CisnerosJeffrey CitrinMichael CochranKenneth CodeHoward CohenJack CohenKevin ColketArt CollinsBrian CollinsGregory CollinsMarty CollinsSean CooleyDavid CordishEmerick CorsiLawrence CorsonMichael CouchJeff CourtwrightL. Michael CoxThomas Cox u
William CramerBrian CullenRon CurtisPeter Cyrus
Charles DarbyLinda DavenportManuel De ZarragaJames DeFrancia u
Daniel DeibelRex DeLongGary DerckPeter DiLulloSteven DisseBen DohertyStephen DominiakEdmund DonaldsonEverett DowlingGary DownsCarl DukeT. Patrick DuncanColby DurninDavid DurningRonald Eastman u
Andrew EbbottLee EdlundJoel EisemannJay EisnerPeter FalcoWilliam FausoneEric FischerThomas FisherJohn FitzgeraldPatrick FitzgeraldAdam FlattoLeonard ForkasJeff FosterJack FrakerChristopher FraleyBruce FreemanJonathan FreyKarl FreyAndrew FriedmanStephen FriedmanSteven FriedmanMark FriisAdam FruitbineStephen Furnary u
Roger GalatasNorman GardenLev GershmanEugene GodboldMarc GoldsteinPat Goldstein u
Donald GooR. Lawrence GoodJohn GoodmanMark GoodmanJohn GrayAnthony GreenbergBradley GriggsThomas GrimesThomas GruseckiJohn Gunther-MohrTimothy HaahsNick HackstockEric HadeMichael HaganMary HagerJay HaileyDavid HaleTimi HallemNedra HalleyClark HanrattieLarry HarmsenPatrick HarperKevin C. HarriganFrederick HarrisKeith HarrisJay HartCindy HarveyJill HattonJeffery HaywardArden HearingChristopher HeckerThomas HerbGrant HerlitzCharles HewlettWilliam HeywoodSusanne HiegelJay HiemenzRoger HillDennis HillierScott HodsonJames HorvathAdam IfshinMitchell ImanakaLinda IsaacsonDavid Israel
Brian JacksonJeremiah JamesDebby JenkinsMargaret JennesseLarry JohnsonPaul JohnsonBrett JohnstonAdam KaneTim KaneBarry KarpayGerald KarrMark KatzStephen KaufmanBrian KavoogianEdmond Kavounas u
Peter KayeChristopher KazantisJohn KeelingMark Kehke u
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James MottaW. Michael MurphyJohn MurrayCharles MyersJeanne MyersonHessam NadjiSakura NamiokaShekar NarasimhanFrank NavarroDavid NeffPeter NicholChristopher NiehausChristopher NoonMatthew NortonWilly NunnDavid O’DonnellDavid O’DonoghueH. Pike OliverJohn OparLisa PalmerMaxwell PeekMark PetersenWilliam PettitPerry PintoLeo PircherJ. Michael PitchfordJohn PowellBrad PowerAlbert PrawMichael PruterWilliam PuckettRichard PutnamDavid RamusAli RaziP. ReiningerWellington ReiterKai ReynoldsJames RiceRick RichFrank RicksChristopher RisingRobert RosenbergBrian RossBlake RubinJohn RyanStephen RyanEd RyderDavid Rey SalinasThomas SamuelsPreston SargentGregory ScharffJohn SchoenfeldJames SellenAsheel ShahJay ShahRobert SheppardKevin ShieldsBernard SiegelSteven SiegelPatrick SimonsRichard Sinkuler uEugene SiscoStanley SloterJames Smith u
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Michael Zoellner
FriendsUP TO $499Ned AbelsonAmachie AckahMatthew AdamsPatricia AdellDavid AdelmanLela AgnewMarianne AjemianRafik AlbertRichard AlbrechtLaura AldreteJohn AlexanderDennis AllenGary AllenMark AllynKaren AlschulerAnn AlthoffJeffrey AltmanDavid AmmonsC.A. AndersonDonald AndersonJoshua AndersonLuke AndersonMatthew AndersonMorgan AndersonR. Bird AndersonRobert AndersonWilliam AndersonGary AndrewsSteven AngelWilliam AnthonyJoseph AntunovichRussell AppelThomas ArasiWilliam ArmstrongThomas ArnoldMark AronsonDavid ArthurChristian AsdalDavid AshF. Kevin AucelloGregory AverbuchElinor BaconRoy BajtelDavid BakerJeffrey BakerLaurie BakerHugh BallochMiles BalloggMichael BannerSean BannonAudie BarefootBradley BarkerRobert BaronJason BarronMaria BarryJonathan BartlettDaniel Bartok
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Quinn BartonRyan BashDiane BasheerTodd BassenSteve BassettLeslie BatchelorCharles BayPamela BeamPeter Bedford u
G. BednarStephen BeinkePeter BelisleDena BelzerJennifer BenckGuy BennDouglas BennettJill BensleyBlake BergStacey BergerScott BermanJack BerquistRobert BestNathan BetnunKevin BetteFaye BeverettMark BhasinDouglas BibbyHoward BielJames BieriRoss BierkanJeffrey BijurAlan BillingsleyAnnette BillingsleyDavid BirnbreyBrandon BirtcherAndrew BlakeDeborah BlakeCaroline BlakelyMyron BlalockW. Bradford BlashRobin BlauerBuck BlessingStephen BlueKen BodensteinAdam BokonJesse BollingerFred BoltRobert BondW. Douglass BondPamela BonehamLaura BonichAlan BonifaceZach BonsallWilliam BonstraW. Thomas BooherLloyd BookoutSusan BoothBarbara BorczakJames BordersAndrew BorsanyiPeter BorzakScott BottlesKenneth BowersWilliam BowmanMarshall BoydMaureen BoyerJohn BoytThomas BozzutoToby BozzutoRichard BraceLavea BrachmanGregg BradburyDavid BradfordZeb BradfordTod BrainardJeffrey BramsonAndrew BrandGerald BrandWayne BranderMark BrattRaymond BraunCharles BreckerRandy BredarDeborah BrettDebbie BriersNatasha BrillThomas BrinkJulie Brinkerhoff-JacobsKathleen BriscoeKirk BroadbooksCristopher BroderickDon BroderickM.J. BrodieKeith Brodock
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Earl CallisonDouglas CameronChristine CampEric CampbellMatthew CampbellBrian CaninSusanne CannonKevin CantleyGreg CarlsonIan CarltonAndrew CarmodyJay CarnahanJeffry CarpenterRichard CarrGeorge CarrasSusan CarrasChristopher CarrollPriscilla CarrollJanice CartwrightEdward CasalJames CaseyRoss CassataPeter CassianoAnthony J. CataneseTodd CatherRichard CentolellaDavid ChandlerJohn ChandlerRajesh ChandnaniFoster ChapmanTheddi ChappellVishal ChawlaJason CheckTaylor ChessScott ChisholmAnnu ChopraJames ChrismanChad ChristensenMarvin ChristensenWilliam ChristianMichael ChristopherJohn CignaPatricia ClareJay ClarkRebecca ClarkStephen ClarkChip ClarkeWilliam ClarkeJohn ClasseLeanne CobbDave CocagneRobert CochranDaniel CohenGerald CohenGeorge ColeJeffrey ColePeter ColeMaggie ColemanMichael CollinsRichard CollinsWayne ComerW. Aaron Conley
Thomas ConnollyScott ConradRichard ContiRalph ContiDaniel ConwayAndrew CooperJeffrey CooperJerome CooperKeith CopakenPeter CorbettJoseph CorcoranBlake CordishDaniel CorfeeKyle CorkumMary CorleyPaul CorleyJonathan CorneliusKathleen CortonGregory CoryElizabeth CostelloSean CostelloWilliam CotterJohn CottleStephann CottonVictoria CottonRoss CowanElizabeth CowlesScott CoxCatherine CoyleSteve CoyleVincent CozziLeeAnn CrabbeChris CrawfordT.L. Omowale CrenshawRodney CrimAnthony CrooksRichard CroteauTodd CrowKevin CrummyCharles CunniffeThomas CunninghamRux CurrinChristopher CurryNormaLynn CutlerWarren DahlstromArthur DanielianJeffery DanielsPeggy DaSilvaEliza DattaCatherine DaumeBruce DavidsonChip DavidsonJohn DavidsonJack DavisDavid De VosTammy De WeerdJuan DeAnguloJeffrey DeBoerAndrew DeckasRobert DeckeyDonna Deerin WardDiane DeFeliceJeff DeisDale DekkerJohn DelatourThomas DelatourJoseph DeLucaJ. Paul DeMyerR. Scott DennisMichael DepatieCarl DeteringDarryl DewberryKim DiamondRand DiamondRichard DickinsonJohn DiColaPeter DiCorpoRichard Diedrich u
Peter DiLulloCharles DilworthJohn DiMareBrian DinersteinSara DoelgerRosalyn DoggettGeoffrey DohrmannPaul DonahueBruce DorfmanRobert DotyStephen DouglassDavid DoupeErik DoyleJohn DragatDebra DremannBrian Driscoll
Ronald Druker uMark DrummAndrew DubillAdam DuckerTamara DudukovichChris DueyTimothy DuganMelina DuggalAundre DukesDavid DuncanJames DunlopChris DunnFrank DutkeSharon Dworkin BellTerry EakinMorgan EarnestPatricia EarnestJohn EberleGeorge EckardJohn EddyRobert EdelsteinJames EdisonJosh EdwardsMarc EhrlichPryse ElamMichael ElizondoJonathan EllenzweigPaul EllisBrett EllsworthSteven ElrodConnie Emmitt-SternBarbara EmmonsStephen EngelKrystal EnglandGerald E. EngleCollete English DixonRobert EngstromDouglas ErdmanBruce ErhardtTripp EskridgeRaymond EvansElizabeth FairchildPhilip FankhauserThomas FarrellJ. Terrence FarrisKevin FaxonSteven FayneDavid FazekasCarlos Febres-MazzeiBen FedewaArthur FeffermanJames FeildBob FerozePaul FerreiraDarryl FessDavid FinemanWade FingerPeter FiorettiJohn FishTed FlaggDavid FlanaganJames FlynnRobert FolzenlogenJonathan ForeCynthia FosterGregg FosterClayton FoulgerChristopher FramptonJoseph FraserMartin FreedlandKemper FreemanKyrus FreemanMichael FreemanTerry FreemanCharley FreericksJan FreitagPaul FreitagTimothy FrensSamuel FreshmanPhilip FreyPaul FriedLewis FriedlandJeff FriedmanJerald FriedmanJoshua FriedmanMyles FrielDonn FullerFrank FullerSamuel FullerWes FullerMichael FultonDrew FungRichard GalehousePatrick Gallagher
John HempelmannErica HenningJennifer HernandezBrent HerringtonPeter HershJohn HeywoodM. Maxine HicksArthur HillM. Edward HillTodd HillDavid HilliardClint HindsDavid HirschbergKevin HitesThomas HobanScott L. HobbyJenny HodgePhilip HofmannGentry HoitRonald HolecekLiz HollandRichard HollidayJohnathan HolmesRandall HolmesDavid HoltonKevin HooverErik HorvatJames HouserD. Clayton HowellAndrew HudacekThomas HudsonGrace HuebscherDonald HuffnerTracy HugginsClaire HumberOgden HunnewellBradley HunterStill HunterMark HuppertJustin HurleyBrad HutenskyDavid IngramGene InzerE. Andrew IsaksonAllen JacksonChristopher JacksonMichael JacksonRandal Jackson u
William JacksonKevin JacobsMatthew JacobsJay JacobsonThomas JaekelBrian JamesDarcy JamesonWilliam JanesFrank Jansen u
Guy JaquierN. William JarvisSteven JasaSarah JelencicBenton JenkinsLynn JerathDennis JerkeMonica JindiaEric JohnsonJeffrey JohnsonMichael JohnsonNeal JohnsonScott JohnsonStephen JohnsonStephen JonesEdwin JordanLance JosalMaureen JoyceRobert JueJohn JuglKevin KabernaRudy KadlubTheodore KahanLani Kane HananJarett KaplusJonathan KardonLee KarnyAlvin KatzMichael KatzChristine KaufmanJoel Kaulbill kearnsPhilip KebKenneth KecskesRobert KeithSteven KellenbergJason Keller
David GalowichTheodore GambleLarry GarganoSteven GarrettPeter GarverJames GarveyJames GascoigneJohn GavinJonathan GeanakosAndrew GenovaSuman GeraEdward GeraghtyEugene GeritzPeter GerneyClaudia GersterCatherine Gessert MossmanShelton GetterPaul GeyerMichael GiaimoWill GiambalvoStewart GibbonsThomas GibsonSteven GichnerAlexander GilbertDavid GilbertDavid GilmoreRussell GiniseCarine GirardinJack GlottmannW. Douglas GoffLarry GolinskyRichard GomelGary GoodmanThomas GoodsitePaul GordonMichael GorgeJoseph GorinAlan GosuleGregory GotthardtSharon GrambowDavid GrannisGene GrantPatrick GrassoClifford GravesRose GrayJonathan GrebowBarry GreenDaniel GreenAlan GreenwaldMichael GroveRobert GrowR. Gordon GrubbClaude GruenNina GruenStuart GruendlEdward GrunRyan GuheenNeal GumbinJeffrey GumbinerTerri GumulaChristopher HagerSteve HaggertyDonald HagueJames HahnRodney HallToxey HallMichael HalperinJohn HammerschlagMichael HammondJeff HandlinJack HannumErik HansonR. William HardDavid HaresignKeith HarneyScott HarperAmos HarrisJeffrey HarrisChristopher HartungH. Darrell HarveyRonald HarwickPhilip HawkinsRandolph HawthorneCharles HazenJames HeddenMichael HeddenBohdy HedgcockMartin HeflinJim HeidRalph HeinsJason HellendrungJeffrey HellerWoody HellerJeff Helminski
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H E A D E R ? ? ?U L I F O U N D A T I O N A N N U A L F U N D
John HempelmannErica HenningJennifer HernandezBrent HerringtonPeter HershJohn HeywoodM. Maxine HicksArthur HillM. Edward HillTodd HillDavid HilliardClint HindsDavid HirschbergKevin HitesThomas HobanScott L. HobbyJenny HodgePhilip HofmannGentry HoitRonald HolecekLiz HollandRichard HollidayJohnathan HolmesRandall HolmesDavid HoltonKevin HooverErik HorvatJames HouserD. Clayton HowellAndrew HudacekThomas HudsonGrace HuebscherDonald HuffnerTracy HugginsClaire HumberOgden HunnewellBradley HunterStill HunterMark HuppertJustin HurleyBrad HutenskyDavid IngramGene InzerE. Andrew IsaksonAllen JacksonChristopher JacksonMichael JacksonRandal Jackson u
William JacksonKevin JacobsMatthew JacobsJay JacobsonThomas JaekelBrian JamesDarcy JamesonWilliam JanesFrank Jansen u
Guy JaquierN. William JarvisSteven JasaSarah JelencicBenton JenkinsLynn JerathDennis JerkeMonica JindiaEric JohnsonJeffrey JohnsonMichael JohnsonNeal JohnsonScott JohnsonStephen JohnsonStephen JonesEdwin JordanLance JosalMaureen JoyceRobert JueJohn JuglKevin KabernaRudy KadlubTheodore KahanLani Kane HananJarett KaplusJonathan KardonLee KarnyAlvin KatzMichael KatzChristine KaufmanJoel Kaulbill kearnsPhilip KebKenneth KecskesRobert KeithSteven KellenbergJason Keller
Michael KellyWilliam KellyCharles KendrickJohn KennedyWhitney KerrJohn KesslerRichard KesslerA. Jerry KeyserPat KileyKelley KingJeff KingsburyG. Allan KingstonJason KlaitmanDan KleinMichael KleinRobert KleinKim KoehnCarl Koelbel uTodd KohliV. Michael KomppaDaniel KoscherHoward KozloffStanley KraskaSteven KratchmanJohn KratzerRyan KrauchWilliam KrauchGreg KrausPaul KruegerDonald KuemmelerDouglas KuligSandra KulliRaymond KunianskyMarc KurbansadeDonald KurdzielChristine KwakWilliam LaceyMike LafitteEdward LaGrassaKirk LaguartaHarry LakeJohn LakhaniChristopher LambertHenry LambertKevin LambertSophie LambertJames LampassiRick LamprechtCharles LandeMark LanspaKeith LargayTom LarimerEric LarsenLori LarsonWilliam LashbrookRichard LatellaWade LauKelli LawrencePaul LayneMatthew LazenbyDavid LeazenbyJin LeeScott LeeScott LeeSidney LeeThomas LeeDrew LeffJohn LehighAustin LehrRichard LeiderDavid LeiningerSteve LekkiBrian LeslieJay LeuppLewis LeveySamuel LevinsonJerry LevyJohn LevyRenee LewisFrank LiantonioScott LiebmanAndrew LightSteven LimJanice LinGary LinhartPeter Linneman u
James LinsleyPamela LippeJane LloydDaniel LoboKeith LockerDavid LodwickMarci LoeberMark Lomanno
Charles LongJoe LongAnthony LoPinto u
Michelle LordMychele LordEmerson LotziaBrian LoveLester LoveMichael LoweRex LoweKen LowneyJeremiah Lucey u
Michael LulloColin LundWalter LynchGreg LyndsBrendan MacDonaldDavid MacDuffColm MackenKevin MacKenzieHenry MacNairWilliam MacneilJohn MacomberPhilip MaderCharles MadisonSteven MageeWilliam MaherHeidi MajerikPeter MalecekEmil MaliziaTaylor MammenAndrew MandellLinda MandoliniJohn A. MannixJ. Steven ManolisJames ManskeyAnthony Mansour uPaul MarcusHoward MargolisChris MarinoFernando MarquezWarren MarrSteven MarshJames MartellAimee MartinJohn MartinPaul MasJay MassirmanJoan MateraRobert MathewsMichael MaxwellMichael MayJonathan MayblumJeff MayerJoel MayerRobert MayerBernard McAuleyMolly McCabeAndrew McCaigJacinta McCannPatrick McClearyRichard McClintockJennifer McConkeyKathleen McCormickTy McCutcheonJerry McDevittJeffrey McDonoughNyal McDonoughStephanie McFaddenTerry McHughIan McKayKimberly McKayThomas McKayAllan McKelvieRobert McKimD. Scott McLainMichael McMenomyEdwin McMullenJeffrey McQueenMichael McRobertsAlberto MedinaPaul MeglerDavid MehlKelly MeissnerThomas MelodyManuel MenendezLee MenifeeRoland MerchantSeth MerewitzFrederick MerrillTed MessnerMark MeyerRichard MildnerScott Miller
Stuart MilsteinChristopher MiltonJean Minskoff GrantJ. Jarrett MintonKeith MisnerMaura MoffattByron MogerJohn MonahanCaroline MooreJames MooreJonathan MooreLeroy MooreRichard MooreStefan MooresCharles MorganKevin MorgensternJohn MorsbachPaul MouchakkaaKristin MuellerPaige MuellerCarl MulacKevin MulhallFrank MuracaMichael MurilloMichael MurphyTed MurrayJames MusbachR.C. MylesDan NaefKelly NagelFrancis NardozzaGleb NechayevJoseph NecklesPauline NeeJonathan NeedellDionne NelsonJeffrey NewmanRichard NewmanRandy NicholsKerry NicholsonJeffrey NickellTyler NiessRobert Nilsson u
Rex NobleDavid NordenJohn NorjenPaul NovakJared OakesJordan O’BrienMalcolm O’DonnellWilliam O’DonnellJohn OharenkoJames O’KeefeLucy O’LaughlinDiane OlmsteadThorleif OrndahlMichael O’ShaughnessyPaul OstergaardRichard PaceJames PageDavid PahlRobert PaleyDaniel PallaceAdam PalleyGary PalmerGeorge PandaleonDennis PanzerGeorge PappadopoulosHoward ParelskinAlan ParkinRobert ParsonsMehul PatelJohn PatelskiTim PattisonBrian PaulsGene PayneOnay PaynePhilip Payne u
Marv PearlsteinStephanie PearsonChristopher PeatrossRobert PeckDaniel PeekRichard Peiser uBrent PendletonJuan Diego Perez-VargasKathleen PerkinsonDiana PermarIone PermisonFrederick PerpallHarold (Skip) Perry Jr.Natalie PerryShannon Perry NicholsRichard Petersheim
David GalowichTheodore GambleLarry GarganoSteven GarrettPeter GarverJames GarveyJames GascoigneJohn GavinJonathan GeanakosAndrew GenovaSuman GeraEdward GeraghtyEugene GeritzPeter GerneyClaudia GersterCatherine Gessert MossmanShelton GetterPaul GeyerMichael GiaimoWill GiambalvoStewart GibbonsThomas GibsonSteven GichnerAlexander GilbertDavid GilbertDavid GilmoreRussell GiniseCarine GirardinJack GlottmannW. Douglas GoffLarry GolinskyRichard GomelGary GoodmanThomas GoodsitePaul GordonMichael GorgeJoseph GorinAlan GosuleGregory GotthardtSharon GrambowDavid GrannisGene GrantPatrick GrassoClifford GravesRose GrayJonathan GrebowBarry GreenDaniel GreenAlan GreenwaldMichael GroveRobert GrowR. Gordon GrubbClaude GruenNina GruenStuart GruendlEdward GrunRyan GuheenNeal GumbinJeffrey GumbinerTerri GumulaChristopher HagerSteve HaggertyDonald HagueJames HahnRodney HallToxey HallMichael HalperinJohn HammerschlagMichael HammondJeff HandlinJack HannumErik HansonR. William HardDavid HaresignKeith HarneyScott HarperAmos HarrisJeffrey HarrisChristopher HartungH. Darrell HarveyRonald HarwickPhilip HawkinsRandolph HawthorneCharles HazenJames HeddenMichael HeddenBohdy HedgcockMartin HeflinJim HeidRalph HeinsJason HellendrungJeffrey HellerWoody HellerJeff Helminski
John PetrovskiTheola PettewayJohn PhilipchuckJames PhillippRobert PinkardJoseph PitchfordLou PlasenciaKalvin PlattRoger PlattTodd PlattRichard PlummerJoshua PoagJody PokorskiMichael PolentzWillis Polite u
Marc PollackJames PorterKen PortnoyJames PostweilerDaniel PoulinRichard PoulosDouglas PoutasseGregory PowerMichael PowersR. Thomas PowersGlenn PrestonAmy PriceJames PriceJoshua PristawSteve PritulskyMatthew PullenSteven PumperLat H. PurserDavid QuigleyB. Douglas QuimbyWhayne Quin u
Michael RacyWalter RakowichGary RalstonLance RamellaGary RappaportJames RatkovichJonathan RatnerRobert RedikerLee RedmondJohn Reed u
David RegenbaumTodd RegoniniAllison ReidBrent ReidSoultana ReigleAustin ReillyJeffrey ReimanThomas ReimanBen ReinhardsenJeff ReinholdVincent ReynaJohn ReynoldsWilliam Reynolds u
David RicciBob RichardsonTimothy RicheyW. Pretlow RiddickKevin RiegerAlan RiffkinKevin RileyMark RileyCarleton RiserMalaika RiversWill RivettCraig RobbinsThomas RobertsWilliam RobertsAndrew RobinsNeil RobinsonRichard RobinsonMichael RodgersKenny RodriguesTrini RodriguezKurt RoeloffsMichael RoepckeRobert RogersRichard RomeGeorgina RomeroShlomi RonenJohn Ropes u
Candace RosauroJoseph RoseLawrence RoseRichard RossRichard RossStan Ross u
Steven RothRobert Rotticci
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U L I F O U N D A T I O N A N N U A L F U N D
Mark RubinKatherine Rudolph-DarlingRobert RuffattoTeresa RuizGregory RushPhilip RussTerence RussellMichelle RussoGreg RyanKirby SackLynne SagalynJun SakumotoPablo SalaLee SaltzmanScott SambadeVincent SandersMike SanfordCherie Santos-WuestShelley SantulliMichael SarkoziRandall SaterRoss SatterwhiteMark SaturnoRobert SchaedleBradley SchaferRichard SchauppSheridan SchechnerJeremy ScheetzHunter SchenkRichard SchierburgJames SchmidNancy SchmierbachMark SchoenfeldScott SchoenherrJohn SchraderAndrea SchultzGregory SchultzMark SchurginMichael SchwaabDouglas SchwartzSteven SchwartzMike SchwarzJudi SchweitzerSteve ScottMark ScullyLynn Sedway u
Matthew SegrestMichel SeiferAnthony SeijasArnold SeitelRichard SerfasDouglas SeslerRobert SessaSuril ShahGlenn ShannonJay ShapiroJohn ShardlowJustin ShawStephen SheleskyJames SheltonJohn SheridanRobert SherwoodRuth ShikadaVladimir ShlafmanJohn ShooshanNina ShorNoah ShoreSteven ShoresBill ShubinWilliam ShubinClaudia SiebSandy SilvermanJamie SimchikBob SimpsonDrew SingerCharu SinghEllen SinreichPaul SissonAndrew SiwulecTeri Slavik-Tsuyuki
Neal SleeperMatthew Slepin u
Michael SlevinMatthew SloanAlbert SmallAndrew SmigielskiDouglas SmithJames SmithMichael SmithNathaniel SmithRoss SmotrichK. Stanley SokoloveDavid SolesWilliam SonntagNishu SoodCynthia SpallHilary SpannBryant SparkmanFrank SpencerWes SpikerSteven SpillmanDanielle SproulsWilliam SrinivasanDaun St. AmandDaniel St. ClairRandall StadtmuellerRobert StangDavid StebbinsJ. Michael StedmanMark SteelePeter SteilRobert Steinberg u
David SteinwedellChris StephensMark SternMartin SternRobert SternWilliam StevensMartin SteverAndrew StewartJames StifelTucker StineNicholas StolatisPete StoneWilson StoneDavid StrangeMark StraussGeoffrey StrickerCheryl StricklandLinda StriefskyMatthew StroymanSpencer Stuart Jr.Jo Anne StubblefieldSusan StupinFrank SullivanMary SullivanMichael SullivanWilliam SwackhamerEric SwansonEmily SweitzerTiffany SweitzerKirk SykesNathan TaftJon TaltyRusty TamlynNoelle TarabulskiWilliam TaubmanAngel TaverasDavid TaylorDeeni TaylorJessica TaylorGary TeagueCharles TealJamie TelchinJeff TempleGary TeschGregory ThatchRobert ThiergartnerCora Bett ThomasWilliam Thompson
Mark ThorneBryan ThorntonDavid ThorpeJames ThreattMo TidemanisDavid TiltonMalee TobiasMichael TorresJoseph TracyClifford TreeseHarriet TregoningAnthony TrellaGeorge TremblayKatie TroutmanCharles TseckaresJoseph TufarielloBryce TurnerC. Christopher TurnerRobert TurnerColin UnderhillRobert UnderhillJohn UnwinJeffrey UsowRobert VahradianStephen Van DusenMichael Van EppPhilip Van SyckleRussell VandenburgWayne VandenburgBill VanderstraatenPatrick VedraNeil VinyDon VitaCharles VogelRodney VogelPeter VolasRichard von LuhrteRobert VoylesKimberly WachenLee WagmanWilliam WaldronKenneth WalkerTaylor WalkerStan WallF. Bogue WallinJohn Walsh u
R. Warren WaltersJonathan WangRichard WardJim WarmingtonRanne WarnerLeonard WassermanPaul WassermanEva WassermannWilliam WatchDavid WatsonMonty WatsonTodd WatsonJohn WattNadine WattSusan WattsJ. Ben WaufordGeorge WeidenfellerAdam WeinerCarl WeisbrodAndrew WeissAdam WeissenbergPhilip WellerPeter WeltchekJennifer WenzelMichael WernerJ.R. WetzelPhilip WhartonChris WheelerMichele WheelerJames WhelanGary WhiteThomas WhiteTimothy WhiteW. Clifford WhiteAndrea WhitewayWilliam WhitlowGary WigginRichard WilhelmJohn Williams u
Smith WilliamsStuart WilliamsTimothy WilliamsonA. Michelle WillisBradley WilmotMark WilsmannAlan WilsonJon WilsonThaddeus Wilson
Michele WimplingJonathan WinerJeffrey WingertMatthew WinnMichael WinterMichaela WinterJohn WintherKenneth WitkinBeth WitteG. Ronald WittenJ. Mark WolfLawrence WolfeJohn WolffAlex WongDavis WoodWistar WoodJeff WoolsonJim WorkmeisterJeffrey WortheCraig WrenchRuth WuorenmaMatthew WymerClint WynnDiane YepStephen YndoEdward YonGeorge YorkMichael YoungRobert YoungentobNancy Zabriskie McGrathThomas ZachariasMathieu ZahlerSean ZascheDavid ZehnderKenneth ZiebelmanTimothy ZietaraScott ZimmerlyHillary ZimmermanRoger ZinoKevork ZoryanAllan ZreetMark Zytko
The Jeffrey S. Kahan Full Member Fellowship FundThe Family of Jeffrey S. KahanValerie AchtemeierJeffrey BarclayPeter BechenFaye BeverettDouglass BondPamela Schmidt BonehamHarvey CaminsJames CarpenterJack CohenFrank CreamerJames Curtis IIIMichael DardickJohn DiColaAndrew EbbottBruce EtkinWilliam FausoneJack FrakerAndrew FriedmanJeff FriedmanJonathan GeanakosMark GibsonThomas D. GruseckiJohn HagestadTrish HealyTyler HigginsDorine Holsey StreeterGuy JaquierWade C. LauJane LloydJohn MannixJohn McGurkJohn McKinnerneyRobert MiceraDonald MillerJonathan MirkinDavid NausChristopher NoonPerry PintoTodd Platt
Douglas SchwartzMichael TorresThomas WattlesDennis WilliamsStephen Williams
Memorial Gift DonorsThe Bohannon FoundationCynthia BirminghamPaul BoschettoPreston Butcher uJohn CushmanCushman & Wakefield of
California, Inc.Bowen “Buzz” McCoy u
Carole McNeilRobin MichelSusan PatteeSkyline ConstructionThe Wells Fargo Foundation
ULI Staff DonorsCorinne AbbottLela AgnewPhyllis AlzamoraGayle BerensJustin BeveridgeSteve BlankJoan CampbellKathleen CareyCraig ChapmanCarla ColemanMary Beth CorriganCheryl CumminsCaren DewarBernadine DullaghanJohn FitzgeraldCate GogolLuis GonzalezSara HammerschmidtLori HatcherWill HeywoodJessie HimmelrichAndrea HolthouserMichael Horst uDavid HowardRob KingJerry KirschenmanJoseph KlemAnita KramerNicholas LallaDaniel LoboMary LydonKelly MannIskra MarinovaEdward McMahonThomas MitchellDavid MulvihillPhillip NelsonChristopher NoyesJulie PaulPatrick Phillips u
George PriorJason RayElizabeth RazziTrisha RiggsDavid RoseLynn RossLisa RotherDean SchwankeBrandon SedloffElliot SteinCaroline SullivanHeidi SweetnamDebra SydenhamAnn TaylorMichael TerseckDebra ThrockmortonMarilee UtterStephanie WasserJessica WaymouthYasmine Yates-KidwellJessica Zimbabwe
u denotes ULI Foundation Governor
“Your contribution supports programs that spark change, drive new thinking, and make a visible difference.”
—Jeff Stack, Annual Fund chairman
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u denotes ULI Foundation Governor
About the Urban Land Institute
The mission of the Urban Land Institute is to
provide leadership in the responsible use of land
and in creating and sustaining thriving communities
worldwide. ULI is committed to
■ Bringing together leaders from across the fields
of real estate and land use policy to exchange best
practices and serve community needs;
■ Fostering collaboration within and beyond ULI’s
membership through mentoring, dialogue, and
problem solving;
■ Exploring issues of urbanization, conservation,
regeneration, land use, capital formation, and
sustainable development;
■ Advancing land use policies and design practices
that respect the uniqueness of both the built and
natural environments;
■ Sharing knowledge through education, applied
research, publishing, and electronic media; and
■ Sustaining a diverse global network of local
practice and advisory efforts that address current and
future challenges.
Established in 1936, the Institute today has more
than 30,000 members worldwide, representing the
entire spectrum of the land use and development
disciplines. Professionals represented include
developers, builders, property owners, investors,
architects, public officials, planners, real estate
brokers, appraisers, attorneys, engineers, financiers,
academics, students, and librarians.
ULI relies heavily on the experience of its members.
It is through member involvement and information
resources that ULI has been able to set standards
of excellence in development practice. The Institute
has long been recognized as one of the world’s
most respected and widely quoted sources of
objective information on urban planning, growth,
and development.
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