Real Estate Markets in Transition

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Hofstra University Wilbur F. Breslin Center for Real Estate Studies

Real Estate Markets in Transition presented by

Hofstra University Frank G. Zarb School of Business and

The Institute of Real Estate at Hofstra University Conference Co-Directors: Dr. Ehsan Nikbakht and Dr. Andrew Spieler Department of Finance Frank G. Zarb School of Business Hofstra University

Wednesday, October 20, 2010 8 a.m.-3:30 p.m.

Hofstra University Club David S. Mack Hall, North Campus

8 a.m.

Registration and Buffet Breakfast

8:30-9:45 a.m. Keynote Address Susan Wachter, Ph.D. Richard B. Worley Professor of Financial Management Professor of Real Estate, Finance, and City and Regional Planning The Wharton School of Business, University of Pennsylvania “Has Housing Hit Bottom?” 9:50-11:05 a.m.

Valuation, Tax and Other Issues in Real Estate

Stewart Zimmerman, Chairman of the Board and CEO MFA Mortgage Investments, Inc.

James Burns, President Aventine Properties LLC

Andrea J. Heuson, Ph.D., Professor of Finance University of Miami

11:15 a.m.-12:30 a.m.

Current Issues in Real Estate Markets and Investment

ichael S. Piwowar, Ph.D., Chief Financial Economist M U.S. State Committee on Banking, Housing and Urban Affairs

Shaun A. Bond, Ph.D., Associate Professor of Real Estate Department of Finance and Real Estate, University of Cincinnati

Clark L. Maxam, Ph.D., Managing Director Trailcrest Capital Advisors, LLC

12:30-2 p.m.

Luncheon and Speaker

Brad Case, Ph.D. Vice President, Research and Industry Information National Association of Real Estate Investment Trusts® 2:15-3:15 p.m.

Real Estate Opportunities and Risk: Market Update

Erik Devos, Ph.D., Associate Professor of Finance University of Texas, El Paso

Jose McNeill, Principal McNeill Real Estate Services

Gianluca Marcato, Ph.D., Associate Professor in Real Estate Finance Center for Real Estate Research University of Reading, United Kingdom

3:15-3:30 p.m.

Closing Remarks


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