Childress Klein Center for Real Estate Brochure

Childress Klein Center for Real Estate

UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | BELK COLLEGE OF BUSINESS

Childress Klein Center for Real Estate

Left to right: Dean Steven Ott, Fred Klein, Chancellor Philip Dubois and Don Childress at the announcement of the Childress Klein Center for Real Estate on September 23, 2015.

Childress Klein Gift In 2015, Childress Klein donated $2.5 million to name UNC Charlotte’s Childress Klein Center for Real Estate. The gift will fund a new endowed professorship, master’s student professional training programs, and faculty fellowships related to research on real estate and urban economics topics.

With a match from the State of North Carolina for the professorship, the total impact of the gift is $3.2 million. The gift by Childress Klein is the largest single gift in the Center’s 10-year history.

In addition to this gift, real estate industry supporters have contributed another $8 million to fund endowments that support scholarships, research, and programming.

The Childress Klein Center for Real Estate at UNC Charlotte was established in 2005 to further the knowledge of real estate, public policy and urban economics in the professional community through its teaching, research and community outreach activities. It has been ranked among the 20 most active research institutions in real estate for the past decade. The Center administers the M.S. in Real Estate program, the MBA concentration and certificate programs in real estate finance and development, and manages programming and outreach to the Real Estate Alumni Association and Real Estate Advisory Board.

Learn more about the Childress Klein Center for Real Estate online at realestate.uncc.edu.

Childress Klein Center for Real Estate at UNC Charlotte Vision for the Childress Klein Center for Real Estate To educate and develop real estate professionals, advance real estate research, and lead the community in conversations that educate and inspire innovation.

Mission for the Childress Klein Center for Real Estate To advance knowledge in real estate, public policy and urban economics through graduate education, applied research, and industry/community collaboration. Primary goals are: • Interdisciplinary Graduate Real Estate Education. To recruit and attract top real estate students seeking comprehensive and interdisciplinary graduate education in commercial real estate studies, using faculty and practitioners to combine academic theory with industry best practices.

• Innovative Research in Real Estate and Urban Economics. To provide academic research and expertise that guide decision-making and offer solutions for urban development, land use, real estate investment, and capital market issues and foster innovative real estate theory, policy, and practice.

• Strategic Collaborations with Industry. To become a critical link between academics and industry, students and the community, and public and private sectors, including partnering with key trade organizations, an advisory board of real estate professionals, and other affiliated groups to provide community outreach on current real estate issues, to collaborate on applied research, and to enrich professional networks for our students and alumni.

University Highlights Belk College of Business The Belk College of Business at UNC Charlotte is North Carolina’s urban research business school. Accredited by AACSB International, the Belk College of Business offers outstanding business education at the undergraduate, master’s and doctoral levels, along with executive education. With more than 3,800 undergraduate students, 600 graduate students, 92 faculty members and more than 27,000 alumni, the Belk College of Business is Charlotte’s leader in business education, research, employable talent and professional development.

The second largest financial center in the United States, Charlotte is home to a growing number of Fortune 500 companies. The Belk College of Business is a partner with the Charlotte business community.

Highlights of Belk College of Business • The Belk College of Business is Charlotte’s leader in business research, education at all levels and executive education • 3 bachelor’s, 6 master’s and 3 doctoral degree programs

• More than 27,000 alumni – 60% live in Charlotte, and the other 40% rest in all 50 states and more than 65 countries • Alumni in Charlotte work at all major businesses

including: Bank of America, Lowe’s, Wells Fargo, TIAA-CREF • 54 endowed funds, including 13 endowed chairs, including the John Crosland, Sr. Distinguished Professorship in Real Estate and Development and the Childress Klein Professorship in Real Estate and Urban Economics

Highlights of UNC Charlotte

STUDENT ENROLLMENT:

28,000+

UNC Charlotte’s share of UNC system growth during the last five years.

Employers of Graduates - Sample Graduates of the M.S. in Real Estate program work at a variety of employers in the Charlotte region, around the country and around the world. Since the program began, almost 150 real estate students have graduated. Here is a sample of the placement of some of our recent graduates:

B2R Finance Bank of America Beacon Development

Bissell Companies, Inc. CBRE Charlotte Housing Partnership Childress Klein Citisculpt, Inc.

Crescent Communities Grubb Properties Lincoln Harris Newland Communities Shea Homes Spectrum Properties TIAA-CREF Wells Fargo

“The MSRE program offers one of the best values in higher education. The opportunities for networking, industry exposure, scholarship support and work/ study balance are all priceless. It was one of the best decisions I’ve made for my career.”

“Most of my fellow classmates are already working in the real estate industry, which provides a diverse and enriching learning environment.”

Liz Ward, 2014 graduate of the MSRE program Director of Real Estate Development, Charlotte-Mecklenburg Housing Partnership

TIAA-CREF

Amin Shakya, M.S. in Real Estate student Real Estate Valuation and Financial Modeling Team Associate,

Faculty Members

STEPHEN BILLINGS is an Associate Professor of Economics.

His research focuses on the nexus between local government and urban economics. Some of his recent research projects include the role of special district governments in financing residential development; the role of enterprise zone tax credits in firm location decisions; the property value impacts of light rail transit in Charlotte; and the influence of school quality on neighborhood gentrification. Dr. Billings received a Master’s degree in Urban and Regional Planning from the University of North Carolina at Chapel Hill in 2001 and a Ph.D. in Economics from the University of Colorado in 2008. His primary teaching responsibilities include urban economics and econometrics. His research appears in the Quarterly Journal of Economics, Journal of Urban Economics, Economic Inquiry, Regional Science & Urban Economics, and Real Estate Economics.

RICHARD BUTTIMER is the Senior Associate Dean in the Belk College of Business and Professor of Finance.

Prior to arriving at UNC Charlotte in 2002, he was an associate professor of real estate at the University of Texas at Arlington, where he also held the Gould-Mayfield Professorship of Real Estate. Dr. Buttimer has taught a variety of finance and real estate courses, including real estate finance, financial modeling, financial derivatives, and corporate finance.

ALYSON METCALFE joined the Center for Real Estate in 2014 as the Director for the Master of Science in Real Estate program. She teaches several courses within the graduate real estate program, including Real Estate Development, Site Planning, International Real Estate Study Tour, and Real Estate Capstone. Prior to joining the faculty, Metcalfe worked for Grubb Properties’ Investment team as a development and acquisition associate to identify and analyze potential office, multi-family, and mixed use deals.

Before moving to Charlotte in 2011, she was Vice President of a planning and engineering firm in Florida working with clients on development agreements, rezonings, and

annexations for large multi-use land development projects.

She also serves on the Board of Directors for ULI, NAIOP, CoreNet and the Piedmont Public Policy Institute, and as a committee member on CREW. STEVEN OTT was appointed Dean of the Belk College in 2011. He joined the UNC Charlotte faculty in 1999 and holds the appointment of John Crosland, Sr. Distinguished Professor of Real Estate and Development. Dr. Ott was the founding director of the Center for Real Estate and was instrumental in the development of the real estate curriculum in the Belk College. Dr. Ott’s academic research focuses on topics such as the real estate capital markets, the financial analysis of real estate development decisions, applications of option pricing to real estate valuation, and the economics of public policy and real estate. Dr. Ott received a Master’s degree in Real Estate and Finance from the University of Wisconsin-Madison in 1988, and received his Ph.D. in Finance and Economics from the University of Wisconsin-Madison in 1992.

KIPLAN S. WOMACK is an Assistant Professor of Real Estate in the Belk College of Business at the University of North Carolina Charlotte. His research focuses on applying the principles of financial option pricing to the valuation of real estate (real options), land values, development, redevelopment, as well as corporate finance issues (particularly mergers and acquisitions) faced by Real Estate Investment Trusts. Dr. Womack earned a Ph.D. in real estate from the University of Georgia, an M.B.A. from the University of Alabama-Birmingham, a B.S. degree in finance from Auburn University, and has over ten years of professional experience in corporate finance and real estate.

ADJUNCT FACULTY MEMBERS: Scott Coblentz, Senior Director, Crescent Communities Garth Dunklin, Bass, Dunklin, Little, McCoullough and Smith PLLC Brian Nicholson, Levine Properties Eric Reichard, Chief Operating Officer, Rodgers Builders

Board Members

Mr. Curt Grantham Global President, Client Solutions CB Richard Ellis

Mr. Joe Padilla Executive Director Real Estate & Building Industry Coalition

Mr. Weston Andress Regional President PNC Bank

Mr. Clay Grubb (Chair) CEO Grubb Properties

Mr. Perry Quick Senior Vice President Fifth Third Bank

Mr. Bob Bertges Executive Vice President Wells Fargo Corporate Properties Group

Mr. Raymond Hughes Senior Vice President Wells Fargo Real Estate Group

Mr. David Ravin President & CEO Northwood Ravin

Mr. H.C. “Smoky” Bissell Chairman & CEO The Bissell Companies, Inc.

Ms. Leslie Johnson Assistant County Manager Mecklenburg County Government

Mr. Curt Rigney Senior Vice President Batson-Cook Company

Mr. Robert Brinkley Partner Womble Carlyle Sandridge & Rice, LLP

Mr. Fred Klein Senior Managing Partner Childress Klein Properties

Mr. Pat Riley President & CEO Allen Tate Company, Inc.

Mr. Bryan Brooks Vice President Medalist Capital, Inc.

Mr. Kevin Lambert Chief Financial Officer, Accounting Crescent Communities

Ms. Pat Rodgers President & CEO Rodgers Builders Inc.

Mr. Jefferson Brown Member Moore & Van Allen

Mr. Daniel Levine President Levine Properties

Ms. Ellen Rogers Senior Vice President Bank of America Merrill Lynch

Ms. Debra Campbell Assistant City Manager City of Charlotte

Mr. Ken Loeber Principal, President of Real Estate Services Foundry Commercial

Mr. Ed Rose President & CEO Shelco, Inc.

Mr. Peter Conway Founding Partner Trinity Partners

Mr. George Maloomian President Cambridge Properties, Inc.

Mr. Arthur Samet President & CEO Samet Corporation

Mr. John Culbertson Managing Partner Cardinal Real Estate Partners, LLC

Mr. Charles Lindsey McAlpine Managing Partner CitiSculpt, LLC

Mr. Glen Sherrill President SteelFab, Inc.

Ms. Anne Marie DeCatsye CEO & General Counsel Charlotte Regional Realtor® Association

Mr. Brent Milgrom, Jr. Partner Real Estate & Commercial Development Department Chair Parker Poe Adams & Bernstein LLP

Mr. Thomas Sittema CEO CNL Financial Group, Inc.

Mr. Darryl Dewberry CEO Spectrum Properties Mr. Jubal Early Senior Vice President Lincoln Harris Mr. Peter Fioretti Chairman & CEO Mountain Real Estate Capital Mr. Walter Fisher, Jr. Managing Partner - Charlotte Office Troutman Sanders LLP

Mr. Chase Monroe Carolinas Market Director & Charlotte Brokerage Lead Jones Lang LaSalle Mr. Pat Mumford Director of Neighborhood & Business Services City of Charlotte Mr. John Ockerbloom Global Head of Real Estate, Gaming & Lodging Investment Banking Jefferies LLC

Mr. Tim Sittema Managing Partner Crosland Southeast Mr. Frank Warren Director of Development Vision Properties Mr. Thomas Webb President & CEO Faison Properties Mr. Landon Wyatt Partner Childress Klein Properties

Childress Klein Center for Real Estate

realestate.uncc.edu