Newsletter of the Kelly A. Bergstrom Center for Real Estate Studies
Trends & Strategies Conference Biggest Yet
The 2012 UF Bergstrom Center Real Estate Trends & Strategies Conference hosted over 360 real estate professionals from around the world, making it the largest gathering to date. View event photos.
The 2012 conference committee was led by Scott I. (Skipper) Peek, Jr. of Lake Nona and included John Crossman of Crossman & Company, Richard P. (Dick) Donnellan, Jr. of ARA, Doug Irmscher of Duke Realty Corporation, David Rattner of Konover South, Inc. and Rachel Wein of Wein Plus Real Estate Advisory Services.
The conference would not have been possible without the generous support of our sponsors. Please take a moment to learn more about these companies.
- Akerman Senterfitt
- Bergstrom Investment Management
- Bank of America Merrill Lynch
- Duke Realty
- Southeast Real Estate Business
- EastGroup Properties, Inc.
- Fidelity National Title Insurance Company
- Highwoods Properties
- Holland & Knight
- RJS Realty Group, Inc.
- Ram Realty Services
- AGPM, LLC
- Ciminelli Real Estate Services
- Cushman & Wakefield of Florida, Inc.
- Echelon Development, LLC
- Hallmark Partners
- Jones Lang LaSalle
- Kitson & Partners
- MetLife - REI
- Robert Finvarb Companies, LLC
- The Rockefeller Group
- The Sembler Company
- WeinPlus Real Estate Advisory Services
Save the date for the 2013 conference, February 21-22 at The Peabody Orlando.
3rd Annual Real Estate Forum A Success
Over 250 people attended the third annual gathering at Villa East in downtown Gainesville to discuss market conditions, forecasts and expectations. Beau Beery, a long-time supporter of UF real estate programs who was recently added to our Advisory Board, organized the event, which featured a panel discussion led by eight respected regional and national experts. Read a recap of the event in this Gainesville Sun article or view photos. Thanks to Coldwell Banker M.M. Parrish Realtors, Cox Business, Front Street Commercial Real Estate Group, Solar Impact and SunState Federal Credit Union for their support.
Alfred A. Ring Speaker Series Continues
Advisory Board and Chairman's Circle member J. Andrew (Andy) Hosghead, CEO of The Collier Companies, and Steven A. Pepper, Partner of Atlanta-based Arnall Golden Gregory, both volunteered their time to speak to UF real estate students earlier this year. Their presentations are now available on our YouTube channel.
Bergstrom Center Advisory Board Members Tour New Marlins Ballpark
On March 14th, Advisory Board members got a behind-the-scenes look at the new Miami Marlins Ballpark, which opened earlier this month. See more photos on our Facebook page, or visit our Upcoming Events page for a list of future events. Thanks to Advisory Board member Howard Fabian for coordinating this event.
UF hosts International Academic Symposium
In cooperation with the FSU Center for Real Estate Education & Research and the FSU DeVoe L. Moore Center, UF recently hosted 30 leading researchers studying commercial real estate. Attendees represented the following universities and colleges:
- Florida International University
- Florida State University
- George Mason University
- Indiana University
- Maastricht University (The Netherlands)
- National University of Singapore
- Pennsylvania State University
- San Diego State University
- Thunderbird School of Global Management
- University of Georgia
- University of Aberdeen (U.K.)
- University of Central Florida
- University of Colorado at Boulder
- University of Florida
- University of Georgia
- University of Reading (U.K.)
- University of Wisconsin-Madison
- Virginia Commonwealth University
MSRE Program Accepting Applications
Do you know someone who wants to further their skills in the commercial real estate industry? We are currently accepting applications for the next class of MSRE students. The program begins on July 2nd and now features an international study tour to Chile, in addition to a comprehensive set of core real estate courses and a broad array of finance, entrepreneurship, development, building construction, and urban and regional planning electives. Apply online or email Pam DeMichele (pam.demichele at warrington.ufl.edu) for more information.
Combined Degree Program Added
The Nathan S. Collier Master of Science in Real Estate (MSRE) Combined Degree Program is designed for highly qualified and motivated undergraduate students seeking to complete both an undergraduate and master degree in four years. Admission to the MSRE Combined Degree Program is based on a number of factors including the applicant's GMAT score and academic record. Most combined degree students entered the University of Florida with a significant number of college credits. With permission from their undergraduate departments, the combined degree program allows students to use 12 hours of graduate coursework toward both their undergraduate and MSRE degree. Visit our MSRE Combined Degree website for details.
MSRE Program Now Part of Appraisal Institute Program
The MSRE program was recently approved as a participating university in the Appraisal Institute's (AI) Master's Degree Program. The AI program allows graduates of a participating program to meet the AI education requirements for the MAI designation by passing pre-approved courses administered by participating universities. The Appraisal Institute will allow UF MSRE students to receive credit for eleven of the AI required courses. Students would only be required to take two advanced level courses along with the USPAP course. In addition to course credits, MSRE students are eligible to become associate members of the Appraisal Institute. More information on the program can be obtained on the AI website.
Looking for the Next Superstar on Your Team?
The Nathan S. Collier Master of Science in Real Estate class of 2012 students graduate in just a few weeks and are currently searching for jobs. Learn more about them or email Pam DeMichele (pam.demichele at warrington.ufl.edu) to find the perfect addition to your team.
Congratulations to the following students who recently accepted job offers!
- Kyle Bateh – Investment Analyst with ZOM
- Daniel Burkhardt - NAI Hallmark Partners
- Adam Errington – Fund Analyst with Ram
- Tyler Minix – CMBS Analyst with LNR Partners, LLC
- Joshua Weisenfeld - CMBS Analyst with LNR Property, LLC
ARGUS Training with Dr. Kent Malone
Through an agreement with ARGUS Software®, we are now offering ARGUS™ Valuation - DCF software training and certification to UF and other university alumni at locations in Florida. This significantly reduces travel and lodging expenses and the inconvenience of leaving town for training at the ARGUS headquarters in Houston, Texas.
June 1-3, 2012
UF MBA Sunrise Center
UF MBA Sunrise Center
1000 Sawgrass Corporate Parkway
Sunrise, FL 33325 (near Ft. Lauderdale)
June 22-24, 2012
FIU Downtown on Brickell
1101 Brickell Ave
Miami, FL 33131
Trainings in Orlando and other Florida cities will be announced soon.
ARGUS Certification* - $995
ARGUS Training Only - $745
*Includes the ARGUS Certification Exam fee.
For more information, contact:
Kent Malone, Ph.D.
Email (KMalone at ufl.edu)
MSRE International Study Tour Update
As noted in the last edition of The Pinnacle, we've added an international study tour to the MSRE program. The first trip will be to Santiago, Chile this summer. The trip is designed to introduce students to global business practices, foreign markets and regional cultural differences. Students will gain practical first-hand experiences through visiting with various businesses, institutions and organizations in Santiago. The visits will consist of meetings, tours and presentations on relevant topics with those that are doing business in and with Chile. In addition, there will be a historical, cultural and tourism component to provide a more complete picture of life and business in Santiago and surrounding areas. The experience obtained from the study program will enable students to better understand and manage international business relationships, operations, investment, and risk along with gaining key insights into culture and economic activity in Chile and South America.
The students, working in groups, will be tasked with representing an institutional U.S. real estate investor that is looking to diversify into the Chilean market. A significant component of the trip will be to underwrite the risk of investing in Chilean commercial real estate, generally, and the selected property/project in particular. The students will be required to do specific research prior to the trip that will better enable them to understand Chile, Santiago, and the cultural and political forces that effect real estate and investment in the country. Within a week of returning to the States, the student groups will present their investment valuation and recommendation to an "investment committee" consisting of Bergstrom Center faculty and members of the Bergstrom Center Real Estate Advisory Board.
Q4 2011 Survey of Emerging Market Conditions Results
The outlook for the real estate markets in Florida improved in the fourth quarter after two quarters of decline. UF's Commercial Real Estate Sentiment Index, an outlook on our respondents' own businesses, increased amid a slowly improving employment environment along with improving consumer confidence. Go to the Survey of Emerging Market Conditions page for more details.
Bergstrom Center Welcomes 8 New Advisory Board Members
The Bergstrom Center is proud to welcome the following industry leaders to the Real Estate Advisory Board:
- Beau Beery, Co-Owner/President, Coldwell Banker M.M. Parrish Commercial Realtors
- Daniel Finkle, Managing Director, HFF
- Stan Jones, Vice President, Finfrock Design-Manufacture-Construct
- Scott MacLaren, Senior Vice President, Stiles Corporation
- Jeff Nudelman, President, BLM Investments (or Stuart Building Products? Need to verify.)
- Will Roberson, Vice President, Health Care REIT
- Julian Stokes, Executive Director, Integra - Florida Property Advisors
- Elliott Throne, Director, HFF
Learn more about the advisory board.
South Florida Golf Tournament
Inverrary Country Club in Lauderhill
Rays Game with ULI Members
Thursday, May 17th, 2012
6:00 – 10:00 pm
1 Tropicana Dr. St. Petersburg, FL 33705
Catch up with colleagues and friends as the Rays take on the Boston Red Sox in this ULI Tampa Bay event. Get a unique view from the Captain Morgan hospitality deck as you enjoy food, drinks and great baseball. Open to all members and guests.
All Guests - $95*
Registration deadline is May 14th.
*Price includes game ticket, entrance to Captain Morgan deck and food. A cash bar will be available. Space is limited. No walk up registrations will be accepted for this event.
Bergstrom Center Dinner in Tampa
Save the date for an event on May 10th.
Congrats to Advisory Board member Ron Wheeler who was promoted to Chief Executive Officer of The Sembler Company.
Congrats also to Advisory Board member Rachel Wein who was named 2012 Outstanding Young Alumnus of the UF College of Design, Construction and Planning. Read the press release.