The CU Real Estate Center

04/19/23

CU Real Estate Center Organizational Chart“CUREC”

CURECBoard of

Governors(Role: Policy Issues per bylaws)

Real Estate Foundation*

Board of Directors(Manages asset pool)

Reports : Policy issues

Reports: Activities

Real Estate Center

Wor

king

Rel

atio

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Real Estate Center Staff

RE Council Executive Committee

* CU Real Estate Foundation partially funds the Center and provides accounting support

Senior Associate Dean

Advisory Board(Forming)

04/19/23

CUREC Sub-CommitteesChairs Report to CUREC Executive Committee

• Alumni• Annual Conference • Continuous Funding• Education• Finance • Internship and Placement• Membership • Quarterly Meeting• Sustainable Development

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CUREC – Sources of Funding

04/19/23

The CU Real Estate CenterMBA Courses

Real Estate Principles

Real Estate Finance and Investments

Real Estate Economics

Real Estate Law

Project Competition Course

Best Survey Practices in Sustainable Real Estate Development

04/19/23

The CU Real Estate CenterMBA Electives

• COLLEGE OF ENGINEERING & APPLIED SCIENCE; CU-BOULDER

– CVEN 5206. Design/Build Development

– CVEN 5246. Legal Aspects of Construction.

– CVEN 52XX. Construction Project Management

• DEPARTMENT OF ENVIRONMENTAL STUDIES; CU-BOULDER

– ENVS 5100. Energy, Science and Technology

• COLLEGE OF ARCHITECTURE AND PLANNING; CU-DENVER

– LAND USE LAW AND PRINCIPLES FOR BUSINESS AND REAL ESTATE PROFESSIONALS

– URP 6656. Regional Land Use Analysis and Planning

– LA 6632. Site Planning

• SCHOOL OF LAW; CU-BOULDER

– LAWS 6302. Water Resources

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The CU Real Estate CenterUndergraduate Courses

• Principles of Real Estate Practices

• Real Estate Development

• Real Estate Law

• Real Estate Finance

• Academic Internship

• USC Competition (Independent Study)

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The CU Real Estate CenterUndergraduate Electives

• History and Theories of Architecture 1 and 2

• Introduction to Social Factors in Environmental Design

• Housing Policies and Practices

• Introduction to Environmental Design – Part I and Part II

• Issues in Planning

• History of Urban Design and Planning

• Ecology and Design

• Environmental Impact Assessment

• Real World Planning

• Introduction to Building Materials and Systems

• Introduction to Building Construction

• Construction Planning and Scheduling

04/19/23

The CU Real Estate CenterAdditional Offerings – MBA and Sr. Undergraduates

• Property/Asset/Portfolio Management Seminar Series

• Leasing

• Property Management

• Asset Management (2 seminars)

• Portfolio Management (2 seminars)

04/19/23

The CU Real Estate CenterAdditional Offerings

• ARGUS Certification

• US Green Building Council—LEED Certification Course

• Curacao Institute for Social and Economics Studies (CURISES)

Curaçao

04/19/23

The CU Real Estate CenterMBA Student Competitions

04/19/23

• ARGUS University Challenge

• Annual competition that utilizes ARGUS to analyze

a site

• Usually 30 Universities from across the globe

compete

The CU Real Estate CenterUndergraduate Student Competitions

04/19/23

• USC International Real Estate Case Competition

(U/G Independent Study)

• Annual Case Competition that began in 2005

• Students have three days to analyze a site, prepare a

written report, and make a presentation.

• 8 schools from around the world compete

The CU Real Estate CenterMBA Student Competitions

04/19/23

• NAIOP Rocky Mountain Real Estate Challenge

– Annual competition began in 2002

– CU vs University of Denver

– Students work with developers, architects, planners, and engineers

– Students complete a full economic feasibility for case

The CU Real Estate CenterMBA Student Competitions

04/19/23

• Urban Land Institute/Gerald D. Hines Design Competition

– Annual case competition began in 2002

– 140 teams from the US and Canada compete

– CUREC won the competition in 2005 and in 2012

• MBA

• Mentoring Firms represented, have included:

The CU Real Estate CenterInternships/Mentoring

04/19/23

The CU Real Estate CenterInternship/Mentoring

• Undergraduate Real Estate Certificate Students

– Mentoring Firms represented, have included:

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The CU Real Estate CenterUndergraduate Placement

• Some representative firms have included:

04/19/23

The CU Real Estate CenterMBA Placement

• In recent years, approximately 80% placed prior to graduation and 100% within 90 days of graduation

• Representative firms have been:

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Real Estate Student ClubsGraduate Real Estate Association

• Annual Denver Infill tour

• NAIOP Careers in Real Estate Event

• ULI Fall meeting

• Annual GREA Real Estate Retreat

• Other guest speaker events

• Annual GREA Mountain Resort Trip

04/19/23

Real Estate Student ClubsUndergraduate Real Estate Club

• The Club is open to all students at CU who are interested in

real estate and includes freshmen through seniors.

• The Club meets twice monthly in the evenings and there are

generally 30-35 students at each meeting.

• Industry professionals speak at the Club meetings: architects,

developers, citizens advisory board members, lenders, etc.

04/19/23

CUREC Young Alumni Committee

• Quarterly RE Alumni Events

• Communication / Marketing (Facebook, LinkedIn, etc.)

• Partnering with the CU Real Estate Center

• Sub Committees

– Membership / Outreach

– Networking/Events 

– Professional Development / Employment

– Social Media Committee

04/19/23

The CU Real Estate CenterAcademic Research

04/19/23

• The research faculty in the University of Colorado Real Estate Center are actively involved in academic research. The research is published in top-tier academic real estate publications including Real Estate Economics amd Journal of Real Estate Finance and Economics. Research topics include:

• Understanding commercial real estate investments

• Developing price indices for commercial properties

• Modeling the determinants of capital expenditure decisions

The CU Real Estate CenterAcademic Research - Continued

• Understanding the behavior of house prices

• The influence that subprime mortgages have on house prices

• The relationship between house price risk and neighborhood socioeconomic characteristics

• The influence that special districts have on house prices and on house price appreciation

• The relationship among mortgage capital flows, house price appreciation and real estate cycles

• The relationship between house prices, sales volume and economic growth

04/19/23

The CU Real Estate CenterIndustry Research

04/19/23

CUREC faculty and students are also involved in industry oriented research. Over the past several years, CUREC faculty and students have:

•Examined the real estate requirements of Boulder’s primary employers

•Developed price indices for sustainable commercial properties

•Examined the effect that commercial real estate has on the Colorado economy

•Analyzed the City of Boulder’s Affordable Housing Program

•Performed a land use study for the City of Arvada

•Completed a sustainability project for Vail Resorts

The CU Real Estate CenterCurriculum for Sustainable Development

04/19/23

• Partnerships

• Advisory services

• Teaching

• Research

• High-leverage strategies

The CU Real Estate CenterIndustry Research - Sustainability

04/19/23

• Completed Projects 2011-2012

– Conservation Forestry

– Namaste Solar Case Study

– Colorado High Performance Building Study

• Current Research Projects

– CU/CSU - Socially Responsible Investment into Sustainable Real Estate

– CSU/CU – Evaluating Conservation Real Estate Development

The CU Real Estate CenterServices

Student Placement

Mentor Program

Alumni Services

Conferences/Events

o Annual Conference

o Holiday Party

o Two additional quarterly meetings

o Golf Tournament

Domestic Trip

International Trip

04/19/23

The CU Real Estate CenterScholarships

Slifer Family Foundation

Kenneth Good

Hochmuth

Harwood

Boulder Area Realtors

Bruce Etkin ULI Fellow Program

04/19/23

Academic DirectorProfessor Tom Thibodeau

• Distinguished Fellow, NAIOP

• Former President, AREUEA

• Former Editor, REE

• Homer Hoyt Fellow

• George Bloom Award

• PhD Econ, Stony Brook

• 1979-1983 Urban Institute

• 1983-2004 SMU

• 1998-1999 Wharton

• 2004-present Leeds

Research– Real Estate Markets

– Development Districts

– Commercial RE Investments

– Housing Bubbles

Teaching•MBA Real Estate Finance•MBA Real Estate Economics•UG Real Estate Finance•ARGUS

04/19/23

Professor Liang Peng

• Assistant Professor

• Joined Leeds in 2005

• PhD Economics, Yale (2002)

• U. Cincinnati (2002-2005)

Research

• Housing markets

• Price Indices for Illiquid Assets

• Investment Returns for Illiquid Assets

Teaching

• UG Real Estate Principles

• UG Real Estate Finance

Awards and Grants•Weimer School Post-Doctoral•RERI Research Grants (2003, 04, 09, 10)•2006 RERI Best paper Award•2006 AsRes Best paper Award•2005 Royal Institute of Chartered Surveyors Grant

04/19/23

Instructor, Curtis Sears

• Joined Leeds faculty in 2008

• JD University of Colorado School of Law (1992)

• BBA Southern Methodist University (1983)

• AACSB Bridge Program (2008)

• Licensed Attorney (CO and TX)

Teaching:•Real Estate Principles•Real Estate Law•Real Estate Internship•Real Estate Case Competition

04/19/23

Adjunct Professor, David Agnew• B.A. cum Laude, St. Olaf College• J.D. Washington University• Licensed Attorney, Colorado and

Missouri• Admitted to Bars of U.S. District Courts

for the Eastern District of Missouri, State of Colorado

• Former Chairman of the Association of Foreign Investors in Real Estate, 2000

• Former Chief Executive Officer, Amstar Group, Ltd., 1987-2003

• Real Estate Investment Consultant, 2003-2012

Writing• “Entering the U.S. Market: Choosing a

Strategy”, Guide to U.S. Real Estate Investing, Association of Foreign Investors in Real Estate, 2003

Teaching•Lecturer, Leeds School of Business since 2004, MBA “Real Estate Law”•Lecturer, Urban Land Institute, “Financing and Investing in Real Estate” Seminars

04/19/23

Adjunct Professor, Kim Koehn

• Principal, K2Ventures, LLC

• Former President, NAIOP – Colorado

• Former President/COO, Corporex Colorado

• Former Senior V.P., Equity Office Properties Trust (NYSE: EOP)

• MBA – Finance/Accounting, University of Chicago

• BENVD – Architecture & Urban Planning, CU-Boulder

Teaching:•MBAX 6620 Project Competition Class

04/19/23

Adjunct Professor, Austin Lehr

• COO, Dividend Capital Total Realty Trust

• Former Executive VP/CIO, Lauth Group, Inc.

• Former Investment Director, Schnitzer NWFormer President, BetaWest, Ltd.

• BA Economics, Williams College

• MBA, Northwestern

Teaching:•MBAX 6600Real Estate Principles

04/19/23

Adjunct Professor, Adam Massey

• Lecturer

• Joined Leeds 2008

• MBA Leeds 2002

• BS Finance, University of Illinois 1990

• 2005 Bighorn Center for Public Policy Sustainability Fellowship

Teaching:

• UG Real Estate Development

Advisor

• UG RE Case Competition Team

Awards:•2010 CUPA (CU Parents Association) Marinus Smith Award

04/19/23

Real Estate CenterSherman R. Miller, Executive Director

Education

•BA Sociology and Economics with distinction, University of Arizona

Industry Experience

•C&W Executive Managing Director, West Regional Manager

•CBRE Senior Sales Consultant, Industrial R.E.

Community

•Past President Colorado NAIOP

•Past Chair CUREC Executive Committee

•Past Chair Metro Denver Sports Commission

Awards

•NAIOP Broker Achievement

•National Branch Manager of the Year, C&W

•DBJ/DMCAR, Realtor of the Year

•University of Denver, Honorary Dean

04/19/23

Associate Director, Katie Latier

Primary Responsibilities:

•Career and Academic Advising for real estate MBAs including:

– Overseeing MBA student job and Internship Placement

– Managing the Mentor program

– Facilitating networking events

– Overseeing the real estate fellowship program

•Corporate Outreach and Industry Relations

•Alumni Relations

• MA, Career Counseling, University of Colorado Denver

• BS, Psychology & Zoology, University of Wisconsin

• Has worked for the Real Estate Center for over 10 years

04/19/23

Assistant Director, Lisa Chambers

• Joined CU Real Estate Center July 2010

• MSRE Co-Director at University of San Diego for 6 years

• 14 years of university administrative experience

• MBA from CU-Boulder

• Coordinates the Real Estate Certificate student internship and job placement

• Advisor to UG real estate students on coursework and career issues

• Real Estate Club advisor

• Assists with Council membership and fundraising efforts

04/19/23

Administrative Assistant, Lisa Peck

• Studied Social Work, The Ohio State University

• Former Alumni Reunion Coordinator, The Ohio State University

• Departmental lead for implementation of Netforum database

• Ex-officio member of Alumnae Scholarship Advisory board, oversaw development funds in excess of 1.2M

Awards/Recognition•Honorary Member, OSU Student Alumni-Council

04/19/23

The Koelbel Building - Leeds School of Business04/19/23