Real Estate Circle of Excellence This outstanding group of professionals benefits the Real Estate Program at Virginia Commonwealth University’s School of Business by providing advice on the quality and relevance of our educational and research programs, offering student internships, scholarships and serving as mentors. Russell T. Aaronson Robert M. Atack James H. Boykin Ann Lisa Braun Kenneth L Brown Wayne A. Chasen Andrew M. Condlin Jeffrey A. Cooke Timothy M. Davey Susan F. Dewey Sterling Edmunds Gary W. Fenchuk Jane C. Ferrara Thomas E. Flynn Gloria L. Freye Jeffrey Gumenick Kelvin Hanson Thomas A. Hassard Ralph B. Higgins Mark J. Hourigan Thomas Innes Bruce A. Kay Neil S Kessler Glade M. Knight Bryan Kornblau Albert J. Kraft Paul W. Kreckman John B. Levy Alan T. Lingerfelt John P. McCann Brett McNamee Michael G. Miller Robert W. Miller Robert Mills Jerry L. Moore Richard M. Nelms Charles E. Nunnally Frances S. Powell
William D. Redd Brandywine Realty Trust J. Sargeant Reynolds, Jr. Reynolds Development L.L.C William W. Reynolds CB Richard Ellis H. Leon Shadowen Brandywine Realty Trust René B. Shepperson SunTrust Bank Randall A. Silber Henrico County, VA T. K. Somanath Better Housing Coalition Ralph D. Spencer Innovative Learning, LLC Ronald Stallings Walker Row Partnership, Inc. James W. Theobald Hirschler Fleischer Stephen Thomas Vanasse Hangen Brustlin, Inc. Robert M. Thornton Thalhimer Commerical Real Estate William R. Trigg Rutherfoord William A. Walsh Hunton & Williams C. Lee Warfield Thalhimer, A Member of the Cushman & Wakefield Alliance Allison P. Weinstein Weinstein Properties, Inc. Marcus M. Weinstein Weinstein Properties, Inc. David M. Williams Grubb & Ellis|Harrison & Bates D. Kyle Woolfolk Woolfolk Companies Paul M. Young Goodman & Company Robert W. Taylor Director, Virginia Real Estate Center, VCU School of Business
GrayCo, Inc. Atack Properties, Inc. Boykin Realty Advisors, LLC LeClairRyan Integra Realty Resources - Richmond Gumenick Properties Williams Mullen Thalhimer, A Member of the Cushman & Wakefield Alliance Timmons Group Virginia Housing Development Authority SunTrust Mortgage East West Communities Economic & Community Development, City of Richmond City of Richmond, VA NOTE: Italics represent Committee Members McGuireWoods LLP Gumenick Properties Past Presidents The Hanson Company Douglass K. Woolfolk, 1990-1991 Hines Jay M. Weinberg, 1991-1992 Higgins & Gerstenmaier PLC R. Lewis Boggs, 1992-1993 Hourigan Construction Richard L. Beadles, 1994-1995 RE/MAX Commonwealth John P. McCann, 1996-1997 Markel Corporation Paul F. Silver, 1998-1999 Troutman Sanders LLP Gary W. Fenchuk, 2000-2001 Apple REIT Companies Thomas A. Hassard, 2002-2003 Eagle Construction of Virginia Alan T. Lingerfelt, 2004 Liberty Property Trust D. Kyle Woolfolk, Jr., 2005 Highwoods Properties Neil S. Kessler, 2006 John B. Levy & Company, Inc. Jane C. Ferrara, 2007 Lingerfelt Development, LLC H. Leon Shadowen, 2008 McCann Realty Partners, LLC C. Lee Warfield, III, 2009 Divaris Real Estate, Inc. MGMiller Valuations, Inc. 2010 Officers Miller & Associates Andrew M. Condlin, President Commonwealth Architects Bruce A. Kay, President Elect Moore Real Estate Susan F. Dewey, First Vice President Company, LLC Gloria L. Freye, Vice President Long & Foster Realtors Paul W. Kreckman, Secretary-Treasurer Altria Client Services C. Lee Warfield, III, Immediate Past President East West Communities
VCU’s Real Estate Program, in association with The Kornblau Institute, the Real Estate Circle of Excellence and the Virginia Real Estate Center, presents the 20th Annual Real Estate Trends Conference.
Tuesday, October 12, 2010 Greater Richmond Convention Center
www.realestate.vcu.edu
The Dean’s Message
Ed Grier Dean
I am pleased to welcome you to the 20th annual VCU Real Estate Trends Conference. Our conference committee has an exciting roster of speakers to give you a well-rounded perspective on the current and future state of real estate. We all know the importance of networking, and I hope that in addition to providing you with relevant information, the VCU Real Estate Trends Conference is a forum for you to develop new connections with colleagues and the students who are the future of the industry. If you are looking to hire an intern or full-time employee, or are perhaps thinking about returning to school yourself, please visit the School of Business booth. Thanks for attending. Enjoy the conference!
The Kornblau Institute The Kornblau Institute at Virginia Commonwealth University was established in 2006 through the generosity of Richmond businessman and philanthropist, Sam Kornblau. The Institute focuses on research broadly related to commercial and residential real estate. These issues often benefit from an interdisciplinary approach and include such concerns as land use, housing and commercial development - the social, cultural and economic sides of the real estate business. Collaborative research seeks to engage other programs and schools such as nursing, social work and government and public affairs, working with various departments in the School of Business. This collaborative approach seeks to elevate the national and international profile of the Real Estate Program at Virginia Commonwealth University. Over the last four years, representatives of the Institute have presented research papers and participated in academic and industry panel discussions at the Homer Hoyt Institute, American Real Estate and Urban Economic Association meetings, American Real Estate Society meetings, Asian Real Estate Society meetings, the Governor’s Conference on Housing, City University of London and the University of Regensburg. Proposals and partnership are sought with the objective of creating meaningful and impactful knowledge in support of real estate decisions. To learn more about The Kornblau Institute, please contact our director, Dr. David H. Downs, at dhdowns@vcu.edu or (804) 828-2410.
The Alfred L. Blake Chair in Real Estate The Alfred L. Blake Chair in Real Estate was created with a generous gift from Alfred L. Blake, Jr., in conjunction with the Virginia Realtors Foundation, now the Virginia Real Estate Educational Foundation, which is the charitable offshoot of the Virginia Association of Realtors®, who recognized the need for increased knowledge in the field of real estate and the necessity of keeping professionals in real estate and related fields aware of new industry developments. The Blake Chair was formally dedicated in 1972 with the purpose of providing a strong academic background for students studying real estate at Virginia Commonwealth University and planning careers in real estate and in related fields such as land planning, law, architecture, mortgage lending, banking, and insurance. The Blake Chair pays tribute to Alfred L. Blake, Sr., who was a founder of the Richmond-based firms of Mortgage Investment Corporation and Alfred L. Blake and Sons. Mr. Blake entered the real estate field in 1904 at the age of 19. In 1912 he entered into a partnership with the late Eugene B. Moorefield to create the firm of Moorefield and Blake. In 1927 the name was changed to Blake & Dudley, Inc. The firm became Alfred L. Blake and Sons, Inc., in 1942, with I. Norris Blake and Alfred L. Blake, Jr., joining the company. Mr. Blake was a founding member of Battery Park Christian Church and was a member of the board of trustees of both Lynchburg College and the YMCA. He was a past president of the Real Estate Board of Richmond. Dr. James H. Boykin served as the first Alfred L. Blake Chair in Real Estate from 1972 until his retirement in 2002. Dr. David H. Downs was named the second Blake Chair in 2003 and continues in that role today. Thanks to the vision of the Blake family and the Virginia Association of Realtors®, for nearly 40 years the Real Estate Program at Virginia Commonwealth University has positively influenced countless aspiring real estate professionals and has enhanced the quality of real estate decision making throughout the nation.
The Dean’s Message
Ed Grier Dean
I am pleased to welcome you to the 20th annual VCU Real Estate Trends Conference. Our conference committee has an exciting roster of speakers to give you a well-rounded perspective on the current and future state of real estate. We all know the importance of networking, and I hope that in addition to providing you with relevant information, the VCU Real Estate Trends Conference is a forum for you to develop new connections with colleagues and the students who are the future of the industry. If you are looking to hire an intern or full-time employee, or are perhaps thinking about returning to school yourself, please visit the School of Business booth. Thanks for attending. Enjoy the conference!
The Kornblau Institute The Kornblau Institute at Virginia Commonwealth University was established in 2006 through the generosity of Richmond businessman and philanthropist, Sam Kornblau. The Institute focuses on research broadly related to commercial and residential real estate. These issues often benefit from an interdisciplinary approach and include such concerns as land use, housing and commercial development - the social, cultural and economic sides of the real estate business. Collaborative research seeks to engage other programs and schools such as nursing, social work and government and public affairs, working with various departments in the School of Business. This collaborative approach seeks to elevate the national and international profile of the Real Estate Program at Virginia Commonwealth University. Over the last four years, representatives of the Institute have presented research papers and participated in academic and industry panel discussions at the Homer Hoyt Institute, American Real Estate and Urban Economic Association meetings, American Real Estate Society meetings, Asian Real Estate Society meetings, the Governor’s Conference on Housing, City University of London and the University of Regensburg. Proposals and partnership are sought with the objective of creating meaningful and impactful knowledge in support of real estate decisions. To learn more about The Kornblau Institute, please contact our director, Dr. David H. Downs, at dhdowns@vcu.edu or (804) 828-2410.
The Alfred L. Blake Chair in Real Estate The Alfred L. Blake Chair in Real Estate was created with a generous gift from Alfred L. Blake, Jr., in conjunction with the Virginia Realtors Foundation, now the Virginia Real Estate Educational Foundation, which is the charitable offshoot of the Virginia Association of Realtors®, who recognized the need for increased knowledge in the field of real estate and the necessity of keeping professionals in real estate and related fields aware of new industry developments. The Blake Chair was formally dedicated in 1972 with the purpose of providing a strong academic background for students studying real estate at Virginia Commonwealth University and planning careers in real estate and in related fields such as land planning, law, architecture, mortgage lending, banking, and insurance. The Blake Chair pays tribute to Alfred L. Blake, Sr., who was a founder of the Richmond-based firms of Mortgage Investment Corporation and Alfred L. Blake and Sons. Mr. Blake entered the real estate field in 1904 at the age of 19. In 1912 he entered into a partnership with the late Eugene B. Moorefield to create the firm of Moorefield and Blake. In 1927 the name was changed to Blake & Dudley, Inc. The firm became Alfred L. Blake and Sons, Inc., in 1942, with I. Norris Blake and Alfred L. Blake, Jr., joining the company. Mr. Blake was a founding member of Battery Park Christian Church and was a member of the board of trustees of both Lynchburg College and the YMCA. He was a past president of the Real Estate Board of Richmond. Dr. James H. Boykin served as the first Alfred L. Blake Chair in Real Estate from 1972 until his retirement in 2002. Dr. David H. Downs was named the second Blake Chair in 2003 and continues in that role today. Thanks to the vision of the Blake family and the Virginia Association of Realtors®, for nearly 40 years the Real Estate Program at Virginia Commonwealth University has positively influenced countless aspiring real estate professionals and has enhanced the quality of real estate decision making throughout the nation.
Scholarships
Program Schedule
The Real Estate Program at Virginia Commonwealth University is very fortunate to have significant support from the real estate community. Listed below are various scholarships that are available to our students.
7:30 a.m.- 8:30 a.m. Registration and Continental Breakfast
• Association of Real Estate Alumni Endowed Scholarship • James H. Boykin Endowed Scholarship • Steven Brincefield Scholarship, endowed by Institute of Real Estate Management, Richmond Chapter • CoreNet Scholarship • Greater Richmond Association of Commercial Real Estate, Endowed Scholarship • Marcy Handshaw Memorial Scholarship, awarded by Commercial Real Estate Women – Richmond • ICSC Endowed Scholarship • The Sam Kornblau Endowed Scholarship • John A. Levering Scholarship, endowed by C. Porter Vaughan, Inc., Realtors® and family and friends of John Levering • A. Kemp Rowe/James H. Boykn Scholarship, provided by the Richmond Real Estate Group • Real Estate Circle of Excellence Scholarship • Richmond Apartment Owners Association Scholarship • Virginia Real Estate Educational Foundation/Virginia Housing Development Authority Scholarship
8:30 a.m.
Opening Remarks and Welcome Housing Market Overview and Forecast Raphael Bostic, Ph.D. Assistant Secretary for Policy Development and Research, U.S Department of Housing and Urban Development RAPHAEL BOSTIC. Ph.D.
Questions & Answers - Moderated by Susan Dewey, Executive Director, Virginia Housing Development Authority 10:05 a.m.
Finance Land or Fantasyland: Debt & Equity for the $2-$20 Million Project • Thomas R. Burton of Alex. Brown Realty, Inc. • Michael F. McRoberts of Freddie Mac _• John M. Maher of Hartford Investment Management Company • Bruce R. Cohen of Wrightwood Capital _ Moderated by John B. Levy of John B. Levy & Company
In addition, our students have been awarded numerous external scholarships by organizations such as: • Appraisal Institute Education Trust • CCIM Education Foundation • Society of Industrial and Office Realtors ...among many others.
THOMAS R. BURTON
11:15 a.m.
MICHAEL F. McROBERTS
John M. Maher
BRUCE R. COHEN
Economic Overview Economic Overview and Forecast Ed Friedman, Moody’s Analytics
Ed Friedman
Questions & Answers - Moderated by A.L. Braun, Partner, LeClairRyan Closing Remarks
Scholarships
Program Schedule
The Real Estate Program at Virginia Commonwealth University is very fortunate to have significant support from the real estate community. Listed below are various scholarships that are available to our students.
7:30 a.m.- 8:30 a.m. Registration and Continental Breakfast
• Association of Real Estate Alumni Endowed Scholarship • James H. Boykin Endowed Scholarship • Steven Brincefield Scholarship, endowed by Institute of Real Estate Management, Richmond Chapter • CoreNet Scholarship • Greater Richmond Association of Commercial Real Estate, Endowed Scholarship • Marcy Handshaw Memorial Scholarship, awarded by Commercial Real Estate Women – Richmond • ICSC Endowed Scholarship • The Sam Kornblau Endowed Scholarship • John A. Levering Scholarship, endowed by C. Porter Vaughan, Inc., Realtors® and family and friends of John Levering • A. Kemp Rowe/James H. Boykn Scholarship, provided by the Richmond Real Estate Group • Real Estate Circle of Excellence Scholarship • Richmond Apartment Owners Association Scholarship • Virginia Real Estate Educational Foundation/Virginia Housing Development Authority Scholarship
8:30 a.m.
Opening Remarks and Welcome Housing Market Overview and Forecast Raphael Bostic, Ph.D. Assistant Secretary for Policy Development and Research, U.S Department of Housing and Urban Development RAPHAEL BOSTIC. Ph.D.
Questions & Answers - Moderated by Susan Dewey, Executive Director, Virginia Housing Development Authority 10:05 a.m.
Finance Land or Fantasyland: Debt & Equity for the $2-$20 Million Project • Thomas R. Burton of Alex. Brown Realty, Inc. • Michael F. McRoberts of Freddie Mac _• John M. Maher of Hartford Investment Management Company • Bruce R. Cohen of Wrightwood Capital _ Moderated by John B. Levy of John B. Levy & Company
In addition, our students have been awarded numerous external scholarships by organizations such as: • Appraisal Institute Education Trust • CCIM Education Foundation • Society of Industrial and Office Realtors ...among many others.
THOMAS R. BURTON
11:15 a.m.
MICHAEL F. McROBERTS
John M. Maher
BRUCE R. COHEN
Economic Overview Economic Overview and Forecast Ed Friedman, Moody’s Analytics
Ed Friedman
Questions & Answers - Moderated by A.L. Braun, Partner, LeClairRyan Closing Remarks
Rho Epsilon
Alpha Sigma Gamma Society
The VCU chapter of Rho Epsilon, the national professional real estate fraternity, is an integral part of the Real Estate Program at Virginia Commonwealth University. Membership is open to any VCU student with an interest in Real Estate. Members have an opportunity to participate in fraternity-sponsored lectures, career programs, and field trips. The VCU Chapter of Rho Epsilon has been selected twice as the nation’s most outstanding chapter.
The Alpha Sigma Gamma Society, created in 1993, is the premier international organization for the recognition of academic and scholarly achievement by real estate students, real estate faculty and real estate professionals. ASG has over two dozen chapters in major universities and colleges, and Virginia Commonwealth University is one of the founding member chapters. Membership is based on scholarly achievement.
The 2010-2011 Officers are: • Katie Smith, president • Kurt Wallenborn, vice president • Jason Lamberson, secretary-treasurer • Rachel Rodney, events coordinator
To qualify for membership, undergraduate students must: 1. Have completed a minimum seventy-five percent (75%) of the total credit hours required for a bachelor’s degree (senior level status). 2. Have completed the equivalent of a minimum six (6) semester hours of real estate and/or real estate related courses. 3. Have a grade point average of 3.50 or better on a four-point scale for all real estate and related courses or the equivalent. 4. Have a grade point average of 3.25 or better on a four-point scale for all college level courses undertaken. 5. Have good academic standing at the institution. To qualify for membership, graduate students must: 1. Have completed a minimum of fifty percent (50%) of the total credit hours required for the Master’s degree. 2. Have completed the equivalent of a minimum of six (6) semester hours in real estate and related courses or the equivalent. 3. Have a grade point average of 3.75 or better on a four-point scale for graduate real estate and related coursework. 4. Have a grade point average of 3.50 or better on a four-point scale for all graduate course work in the student’s Master’s program. 5. Have good academic standing at the institution.
Rho Epsilon
Alpha Sigma Gamma Society
The VCU chapter of Rho Epsilon, the national professional real estate fraternity, is an integral part of the Real Estate Program at Virginia Commonwealth University. Membership is open to any VCU student with an interest in Real Estate. Members have an opportunity to participate in fraternity-sponsored lectures, career programs, and field trips. The VCU Chapter of Rho Epsilon has been selected twice as the nation’s most outstanding chapter.
The Alpha Sigma Gamma Society, created in 1993, is the premier international organization for the recognition of academic and scholarly achievement by real estate students, real estate faculty and real estate professionals. ASG has over two dozen chapters in major universities and colleges, and Virginia Commonwealth University is one of the founding member chapters. Membership is based on scholarly achievement.
The 2010-2011 Officers are: • Katie Smith, president • Kurt Wallenborn, vice president • Jason Lamberson, secretary-treasurer • Rachel Rodney, events coordinator
To qualify for membership, undergraduate students must: 1. Have completed a minimum seventy-five percent (75%) of the total credit hours required for a bachelor’s degree (senior level status). 2. Have completed the equivalent of a minimum six (6) semester hours of real estate and/or real estate related courses. 3. Have a grade point average of 3.50 or better on a four-point scale for all real estate and related courses or the equivalent. 4. Have a grade point average of 3.25 or better on a four-point scale for all college level courses undertaken. 5. Have good academic standing at the institution. To qualify for membership, graduate students must: 1. Have completed a minimum of fifty percent (50%) of the total credit hours required for the Master’s degree. 2. Have completed the equivalent of a minimum of six (6) semester hours in real estate and related courses or the equivalent. 3. Have a grade point average of 3.75 or better on a four-point scale for graduate real estate and related coursework. 4. Have a grade point average of 3.50 or better on a four-point scale for all graduate course work in the student’s Master’s program. 5. Have good academic standing at the institution.
Villanova Inaugural Case Competition
Association of Real Estate Alumni
VCU Real Estate Students Place Second in Villanova Inaugural Case Competition
Association of Real Estate Alumni (AREA) is a member driven organization comprised of more than 600 alumni and friends of Virginia Commonwealth University’s Real Estate Program within the School of Business. A dynamic group of real estate professionals are committed to provide professional development opportunities as well as an effective network structure for the benefit of AREA’s entire membership. Additionally, members of the association work to provide both financial and program support to VCU School of Business’ Real Estate Program.
VCU School of Business students Michael Duncan, Josh Ridpath, Will Martin and Kristen Corwin finished second in a highly competitive real estate challenge at Villanova University in April 2010. The VCU students earned a $3,000 prize for placing in Villanova’s first real estate challenge. Each VCU team member was a senior who majored in real estate and would graduate in May 2010. The University of North Carolina team won the $5,000 first prize in the competition. The competition brought together teams from American University, Baruch College, Florida State University, Lehigh University, New York University, Penn State, University of Pennsylvania and Villanova University. The teams traveled to Philadelphia to present their case. Each team member was required to present at least one aspect of the project to the judges. The competition’s eight judges each came from the commercial real estate field. The teams were given names unrelated to their schools so that the judging would be blind. The competing teams received details of the assigned case four days ahead of the competition and spent the subsequent days forming a rigorous analysis. They assumed the role of a developer who had the option to buy a 323,101-square-foot-parcel in Tyson’s Corner for $116 million. A central issue was whether to exercise the option in light of market conditions. Robert Taylor, Director of the Virginia Real Estate Center at VCU, said the VCU team’s analysis was deft and clearly impressed the judges. “They did a great job,” Taylor said. “They were a well-rounded team. All of them worked really hard and they did very well together.”
Alums all over the country take notice Congratulations to our VCU real estate team in the recent competition at Villanova. They competed very well against some stiff competition. Please extend to them my congratulations. Keep up the great work! Source: Ralph Spencer (MS 1979), Orlando, FL
Mission This alumni organization advances real estate education and stimulates continuing interest and professional relationships between the Real Estate Program and its alumni as well as supports and promotes the Program in recruiting students, providing mentors, internships, scholarships, and assisting in job placement. Mentor Program The Association of Real Estate Alumni Mentor Program is very flexible and can range from a student simply calling an alumnus for advice to meeting at an alumnus’ office and seeing firsthand how a particular business functions.
Villanova Inaugural Case Competition
Association of Real Estate Alumni
VCU Real Estate Students Place Second in Villanova Inaugural Case Competition
Association of Real Estate Alumni (AREA) is a member driven organization comprised of more than 600 alumni and friends of Virginia Commonwealth University’s Real Estate Program within the School of Business. A dynamic group of real estate professionals are committed to provide professional development opportunities as well as an effective network structure for the benefit of AREA’s entire membership. Additionally, members of the association work to provide both financial and program support to VCU School of Business’ Real Estate Program.
VCU School of Business students Michael Duncan, Josh Ridpath, Will Martin and Kristen Corwin finished second in a highly competitive real estate challenge at Villanova University in April 2010. The VCU students earned a $3,000 prize for placing in Villanova’s first real estate challenge. Each VCU team member was a senior who majored in real estate and would graduate in May 2010. The University of North Carolina team won the $5,000 first prize in the competition. The competition brought together teams from American University, Baruch College, Florida State University, Lehigh University, New York University, Penn State, University of Pennsylvania and Villanova University. The teams traveled to Philadelphia to present their case. Each team member was required to present at least one aspect of the project to the judges. The competition’s eight judges each came from the commercial real estate field. The teams were given names unrelated to their schools so that the judging would be blind. The competing teams received details of the assigned case four days ahead of the competition and spent the subsequent days forming a rigorous analysis. They assumed the role of a developer who had the option to buy a 323,101-square-foot-parcel in Tyson’s Corner for $116 million. A central issue was whether to exercise the option in light of market conditions. Robert Taylor, Director of the Virginia Real Estate Center at VCU, said the VCU team’s analysis was deft and clearly impressed the judges. “They did a great job,” Taylor said. “They were a well-rounded team. All of them worked really hard and they did very well together.”
Alums all over the country take notice Congratulations to our VCU real estate team in the recent competition at Villanova. They competed very well against some stiff competition. Please extend to them my congratulations. Keep up the great work! Source: Ralph Spencer (MS 1979), Orlando, FL
Mission This alumni organization advances real estate education and stimulates continuing interest and professional relationships between the Real Estate Program and its alumni as well as supports and promotes the Program in recruiting students, providing mentors, internships, scholarships, and assisting in job placement. Mentor Program The Association of Real Estate Alumni Mentor Program is very flexible and can range from a student simply calling an alumnus for advice to meeting at an alumnus’ office and seeing firsthand how a particular business functions.
Sponsors Gold Sponsors
BREAK SPONSORS
We would like to thank all of our sponsors for their generous support of the VCU Real Estate Trends Conference and the Real Estate Program at the VCU School of Business. The generosity of our sponsors not only helps make today’s event the premier real estate event in the area, but also provides year-round support to our students. Sponsorship dollars fund academic scholarships for our students, and representatives from many of our sponsor companies are actively involved in providing our students with unique real estate experiences through guest lectures, field trips, support of our academic competition squads, and much more. Thank you for your support of our conference and our program.
PATRON SPONSORS AES Consulting Engineers BB&T Brandywine Realty Trust City of Richmond Economic and Community Development ECORM First Potomac Realty Trust Goodman & Company, LLP Grubb & Ellis|Harrison & Bates Hunton & Williams Jones Lang LaSalle Kjellstrom + Lee Liberty Property Trust Markel Corporation MGMiller Valuations Rocketts Landing Rutherfoord S.L. Nusbaum Realty Co. Thalhimer, A Member of the Cushman & Wakefield Alliance Timmons Group Vanasse Hangen Brustlin, Inc. Virginia Housing Development Authority W. M. Jordan Company Weinstein Properties FRIEND SPONSORS Burgess & Niple, Inc. Central Virginia IREM Chapter #38 Commonwealth Architects Divaris Real Estate Inc. Dominion Realty Partners, LLC East West Communities Greater Richmond Association for Commercial Real Estate H & A Architects & Engineers Hourigan Construction RER Equities, Inc. Reynolds Development, LLC Richmond Association of RealtorsÂŽ Woolfolk Medical Group
Sponsors Gold Sponsors
BREAK SPONSORS
We would like to thank all of our sponsors for their generous support of the VCU Real Estate Trends Conference and the Real Estate Program at the VCU School of Business. The generosity of our sponsors not only helps make today’s event the premier real estate event in the area, but also provides year-round support to our students. Sponsorship dollars fund academic scholarships for our students, and representatives from many of our sponsor companies are actively involved in providing our students with unique real estate experiences through guest lectures, field trips, support of our academic competition squads, and much more. Thank you for your support of our conference and our program.
PATRON SPONSORS AES Consulting Engineers BB&T Brandywine Realty Trust City of Richmond Economic and Community Development ECORM First Potomac Realty Trust Goodman & Company, LLP Grubb & Ellis|Harrison & Bates Hunton & Williams Jones Lang LaSalle Kjellstrom + Lee Liberty Property Trust Markel Corporation MGMiller Valuations Rocketts Landing Rutherfoord S.L. Nusbaum Realty Co. Thalhimer, A Member of the Cushman & Wakefield Alliance Timmons Group Vanasse Hangen Brustlin, Inc. Virginia Housing Development Authority W. M. Jordan Company Weinstein Properties FRIEND SPONSORS Burgess & Niple, Inc. Central Virginia IREM Chapter #38 Commonwealth Architects Divaris Real Estate Inc. Dominion Realty Partners, LLC East West Communities Greater Richmond Association for Commercial Real Estate H & A Architects & Engineers Hourigan Construction RER Equities, Inc. Reynolds Development, LLC Richmond Association of RealtorsÂŽ Woolfolk Medical Group
Real Estate Circle of Excellence This outstanding group of professionals benefits the Real Estate Program at Virginia Commonwealth University’s School of Business by providing advice on the quality and relevance of our educational and research programs, offering student internships, scholarships and serving as mentors. Russell T. Aaronson Robert M. Atack James H. Boykin Ann Lisa Braun Kenneth L Brown Wayne A. Chasen Andrew M. Condlin Jeffrey A. Cooke Timothy M. Davey Susan F. Dewey Sterling Edmunds Gary W. Fenchuk Jane C. Ferrara Thomas E. Flynn Gloria L. Freye Jeffrey Gumenick Kelvin Hanson Thomas A. Hassard Ralph B. Higgins Mark J. Hourigan Thomas Innes Bruce A. Kay Neil S Kessler Glade M. Knight Bryan Kornblau Albert J. Kraft Paul W. Kreckman John B. Levy Alan T. Lingerfelt John P. McCann Brett McNamee Michael G. Miller Robert W. Miller Robert Mills Jerry L. Moore Richard M. Nelms Charles E. Nunnally Frances S. Powell
William D. Redd Brandywine Realty Trust J. Sargeant Reynolds, Jr. Reynolds Development L.L.C William W. Reynolds CB Richard Ellis H. Leon Shadowen Brandywine Realty Trust René B. Shepperson SunTrust Bank Randall A. Silber Henrico County, VA T. K. Somanath Better Housing Coalition Ralph D. Spencer Innovative Learning, LLC Ronald Stallings Walker Row Partnership, Inc. James W. Theobald Hirschler Fleischer Stephen Thomas Vanasse Hangen Brustlin, Inc. Robert M. Thornton Thalhimer Commerical Real Estate William R. Trigg Rutherfoord William A. Walsh Hunton & Williams C. Lee Warfield Thalhimer, A Member of the Cushman & Wakefield Alliance Allison P. Weinstein Weinstein Properties, Inc. Marcus M. Weinstein Weinstein Properties, Inc. David M. Williams Grubb & Ellis|Harrison & Bates D. Kyle Woolfolk Woolfolk Companies Paul M. Young Goodman & Company Robert W. Taylor Director, Virginia Real Estate Center, VCU School of Business
GrayCo, Inc. Atack Properties, Inc. Boykin Realty Advisors, LLC LeClairRyan Integra Realty Resources - Richmond Gumenick Properties Williams Mullen Thalhimer, A Member of the Cushman & Wakefield Alliance Timmons Group Virginia Housing Development Authority SunTrust Mortgage East West Communities Economic & Community Development, City of Richmond City of Richmond, VA NOTE: Italics represent Committee Members McGuireWoods LLP Gumenick Properties Past Presidents The Hanson Company Douglass K. Woolfolk, 1990-1991 Hines Jay M. Weinberg, 1991-1992 Higgins & Gerstenmaier PLC R. Lewis Boggs, 1992-1993 Hourigan Construction Richard L. Beadles, 1994-1995 RE/MAX Commonwealth John P. McCann, 1996-1997 Markel Corporation Paul F. Silver, 1998-1999 Troutman Sanders LLP Gary W. Fenchuk, 2000-2001 Apple REIT Companies Thomas A. Hassard, 2002-2003 Eagle Construction of Virginia Alan T. Lingerfelt, 2004 Liberty Property Trust D. Kyle Woolfolk, Jr., 2005 Highwoods Properties Neil S. Kessler, 2006 John B. Levy & Company, Inc. Jane C. Ferrara, 2007 Lingerfelt Development, LLC H. Leon Shadowen, 2008 McCann Realty Partners, LLC C. Lee Warfield, III, 2009 Divaris Real Estate, Inc. MGMiller Valuations, Inc. 2010 Officers Miller & Associates Andrew M. Condlin, President Commonwealth Architects Bruce A. Kay, President Elect Moore Real Estate Susan F. Dewey, First Vice President Company, LLC Gloria L. Freye, Vice President Long & Foster Realtors Paul W. Kreckman, Secretary-Treasurer Altria Client Services C. Lee Warfield, III, Immediate Past President East West Communities
VCU’s Real Estate Program, in association with The Kornblau Institute, the Real Estate Circle of Excellence and the Virginia Real Estate Center, presents the 20th Annual Real Estate Trends Conference.
Tuesday, October 12, 2010 Greater Richmond Convention Center
www.realestate.vcu.edu