Bolger Real Estate CAM 2012

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Real Estate CAM

Fall 2012

Dr. Ben Bolger


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Who should sign up?

If you are interested in

Real Estate Development

Real Estate Finance

Real Estate Entrepreneurship Understand the Strategic Role of Real Estate

Assets within an Organization (e.g., when should acompany buy or lease space)

Understand the capital markets

How to work for yourself or How to work withothers within a highly competitive industry


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Topics Covered

General overview ofDevelopment

Timeline of a deal

Types of property to

consider Commercial

Mixed-use

Retail

Residential

Land-acquisition How to deal with it

politically/legally

How to deal with thecommunity

Market Research

How to conduct due-diligence

How to walk a property

Reassessments Zoning

Using economic conceptsto analyze real estatemarkets, values, and trends

Consider howurban/suburban/ruralfiscal policy impactsdevelopment


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Topics Covered

Project Financing How to model the project

creating pro-formas

How to raise and structuredebt and equity

Finding public money How to use Argus

How to use it for portfoliomanagement and valuation

Project Investment REITs

Factors that go into theinvestments in real estate

Topics in Real Estate Law Develop legal skills/concepts

in a transactional setting Land acquisition

Finance

Tax Mortgage

Foreclosure

Dealing with localgovernment

Architecture Design andConstruction

Sustainability - LEED


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Topics Covered

Domestic compared withInternational Real Estate

How do different marketscenarios change a

business strategy

Responsibility ofdevelopers/owners

Sustainability Community

Renters

Environmental impact

Home-Buying 101

Learn how to become ahome owner (or a betterone!)

Consider purchasing rentalproperty options

Other topics depending on

the interests of the studentswho sign up for the course


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Course Approach: 7 Stars in 7 Weeks

Each week, we will concentrate on a real estatefocus and bring in industry experts and leaderstoprovide you with real world case studies

Each week we will hear from top seasonedleaders within their fields and also people whoare a few years out of B School. This will enableyou to develop practical skills and understanding

of what you need to do in the next 3-5 years inorder to be successful in real estaterelatedcareers


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Examples of Case Studies:

Related

Examples of likely case studies for this fallinclude:

Ken Himmel & Related

Mr. Himmel has led the development ofgroundbreaking real estate development projects,including the Chicago WaterTower, Copley Place inBoston, and the Time Warner Building in New York.Related is one of the most successful real estate

development companies in the world. We will look at alive case the Hudson Yards which is a 26 acredevelopment project in Manhattan. The complexityand difficult of this project is unmatched.


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CapLease

Paul McDowell, CEO of CapLease

We will learn from the head of one of the top internally

managed single tenant commercial property equity

REITs in the nation

Historically, CapLease built a national franchise while

funding and then securitizing or selling several billion

dollars in loans

Today, CapLease has great structured finance expertise


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ProLogis

K. Dane Brooksher of ProLogis

We will work with the former CEO of ProLogis on a case

study concerning industrial real estate strategy.

ProLogis is the largest industrial real estate firms that

focuses on global logistics. We will consider how

domestic and global markets relate to one another in

developing a strategic real estate and logistical

portfolio.


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Port Imperial

Marshall Tycher & Roseland Properties

Located in West New York, New Jersey, Port Imperial is

a sprawling mixed-use development project that is

situated directly on the Hudson River. We will look at

case studies that compare the advantages and

disadvantages of investments in apartment complexes

(currently a booming sector of the market) with the

complications of holding and selling condominium

complexes (which are challenging products to sell inthis market).


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Examples of questions that we willconsider in the class, include


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What is the Future of Physical Space?

when the online world is deeply changing us


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Should universities still build new libraries?

If everything is going digitalExamples: innovation at Oxford to Harvard


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With technology, do we still need to work in the same

building? How should we bet on office space?(from the Johnson Wax Headquarters to the iPad 3)


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What is new and innovative in Hotels?from Miami to Las Vegas


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How can Retail Survive?


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Why are more super-skyscrapers now being built in developing

countries? Have we seen the death of great super-skyscrapers in

developed countries? Why or why not?


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Museums:Examples of innovation.

What can we learn about

human interaction fromthese pioneering examples?

from New York to Bilbao


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What is the future of Innovative Residential Real Estate?Learning from the greatness can the past teach us about the future?

Case Studies from Frank Lloyd Wrights Fallingwater

and Philip Johnsons Glass House


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Our CAM will take a trip toNew York City


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Yes, New York City


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We will visit the Time Warner Center


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Meet with Top Executives in NYCKENNETH A. HIMMEL

President and CEO, Related Urban


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Mandarin Oriental, NYCLook at top assets

Example: The Presidential Suite that rents for $14,000 per day


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Visit the GoogleHQ of NYCone of the most interesting real estate purchases in

New York history: see innovative office space at its best


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The Yale Club of

New York City:

we will look into the worldof private clubs and other

niche sectors


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We will visit a megaproject on the

Hudson River: Port Imperial


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Port Imperial: an example of innovative apartments


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You will have quality Executive EngagementExample: Dane Brooksher

Former CEO of ProLogis


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You will have a comprehensive experience


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About the instructorDr. Benjamin B. Bolger


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Over 10 Years of Industry Experience

Familiar with many Domestic & International Issues, including the


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y , g

politics of real estate development


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Dr. Ben Bolgers Bio

Dr. Benjamin B. Bolger completed a Master of Science degree in Real Estate Development atColumbia University and a Master in Design Studies in Real Estate at Harvard UniversitysGraduate School of Design. Dr. Bolger completed his doctorate at Harvard, where he focusedon research that pertained to real estate development, urban planning, stakeholderengagement, and interdisciplinary applications of real estate development. He has alsostudied leadership at Georgetown Universitys McDonough School of Business.

While at Harvard as a Teaching Fellow, Dr. Bolger earned the Derek Bok Award for TeachingExcellence. Moreover, Dr. Bolger has taught urban economics at Boston College and urbandevelopment at Boston University. He also worked in the Executive Education program thatsupported Real Estate study at Harvard. While at Harvard, Dr. Bolger received researchfunding from Harvards Real Estate Academic Initiative.

Familiar with academic leadership, Dr. Bolger has served on the Advisory Committee onShareholder Responsibility at Harvard University and the Advisory Committee on Corporate

Responsibility in Investing at Brown University. Dr. Bolger currently serves on the Board ofAdvisors for the Sustainable Endowments Institute, which is a special project of RockefellerPhilanthropy Advisors focused on sustainability and green development.

Beginning college at age 12, Dr. Bolger has a record number of academic degrees. Hisundergraduate degree is from Michigan (4.0 GPA, Phi Beta Kappa). He holds graduatedegrees from Oxford, Cambridge, Stanford, Columbia, Teachers College, Dartmouth, Brown,Brandeis, Skidmore, and Harvard. His first U.S. Patent was earned at age 12.


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If you have anyquestions,

please contact BenDr. Ben Bolger

(617) 497 2637 [email protected]

Bolger Real Estate CAM 2012

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