USC Lusk Center for Real Estate

Hi All. We need your help! RCLCO Real Estate Consulting has launched a Palisades Fire and Eaton Fire Resident Rebuilding Survey and needs to reach residents and business owners! The purpose of these surveys - a collaborative effort between Urban Land Institute, the?UCLA Ziman Center for Real Estate, and?USC Lusk Center for Real Estate - is to listen directly to the residents and businesses impacted by the fires to ensure that elected officials, policy makers, and rebuilding authorities’ response is both effective and aligns with needs and preferences. The survey will assess intentions and means of residents impacted by the Palisades and Eaton Fire relative to rebuilding their homes.?The results of this comprehensive, anonymous, and statistically significant survey will inform elected officials and policymakers regarding where and how to prioritize their efforts, ultimately helping to facilitate the rebuilding and recovery from the fires as quickly, as well and as cost effectively, as possible. Please sign up below or pass this along to anyone you know affected. Thank you! Palisades Fire Residents Survey Link: https://lnkd.in/g8UKZ7T3 Eaton Fire Residents Survey Link: https://lnkd.in/gDB6KzyS Main Survey Website, with more information: https://lnkd.in/g3yidsQX Surveys for businesses impacted by both the Palisades and Eaton fires will be released later this week.??

We appreciate Rob Antrobius (SVP at Prologis), Robert Feathers SIOR (SVP at Kidder Mathews Matthews) and Max Williams (Analyst at Greenlaw Partners) being our guest judges/speakers yesterday. Rob, Robert, and Max judged the third case study presentations of the semester in the BRED (undergrad) Real Estate Finance Class. The students evaluated an industrial covered land play deal as well as a stabilized Amazon warehouse investment. I started a new tradition this semester awarding a 1st place medal to the team with the best case presentation. Congratulations to Ben Feldman, Brenton Gerhardt, Stone Zashin, Gavin Duncan on winning the 1st place medal for the 3rd case (see the photo with their gold medal ??)! The judges agreed it was a close competition with a number of other top notch presentations! Having real-world feedback is such a benefit to our students and I appreciate Rob, Robert, and Max taking the time to help mentor our students. Max was a student of mine from a few years ago and it was great having him back in in the classroom on the other side! University of Southern California USC Sol Price School of Public Policy USC Lusk Center for Real Estate USC Dollinger Master of Real Estate Development #usc #realestate #realestatefinance #realestatedevelopment #mentoring

You can likely guess your home's value within 10% of Zillow's index. ??

How much could it cost to rebuild Altadena’s houses? Lusk Director Richard Green pulled some numbers together with Cameron Yap at USC Neighborhood Data for Social Change (NDSC) to arrive at a range for Altadena's part of the Eaton Fire rebuild. ?? It could cost 3 to 12 billion dollars to rebuild the lost homes. Keep in mind those numbers are just the houses themselves, not infrastructure or other rebuilds. While daunting, billions of dollars are hard to conceptualize. Chase McNeill thought the per-household numbers could help us see these still-unknown costs from another, more personal angle.

Thanks to everyone who attended Industry Night this year!

Thursday, February 27 ??

We are grateful to H. Michael Schwartz (CEO of SmartStop Self Storage) and Damian Gancman (CIO & CFO of Cityview) for speaking with us last night as part of our CEO Speaker Series! Michael and Damian are always student favorites! Here are three points they discussed. Any others? - How they've dealt with setbacks and market downturns. (Always answer the phone call from an investor! Relationships and good communication are critical when things don't go as planned.) - How to raise (i) retail and (ii) institutional capital. (Have a compelling story. Have a deal in hand. Believe in the deal. Be okay with the rejection and keep asking until you find someone else who believes in the deal. Keep the relationship by being a good partner. It's a relationship business.) - What opportunities are there going forward. (Take directional bets based on sound fundamentals. Risk is an inevitable part of investing, but you need to choose which risks you want to be exposed to and which you want to mitigate. Value can be created by buying below replacement cost and in developing in sectors and regions where supply is constrained.) University of Southern California USC Sol Price School of Public Policy USC Marshall School of Business USC Lusk Center for Real Estate USC Dollinger Master of Real Estate Development USC MREFA USC Trojan Real Estate Association #usc #realestatefinance #realestatedevelopment #mentoring

Congratulations to this session’s graduates of the USC Ross Program in Real Estate!

This week, we thank Bryant Hull (MRED 2008) of TrueDoor Property Management for our Speaker Series presentation! Thank you, Bryant, for talking about your journey through real estate and property management, especially in the start-up space, and for the lively discussion! Current MREDs: If you were on site, drop a takeaway in the comments for those unable to attend. ??

Watch the map grow increasingly red as single-family home prices rise across LA County ??