Abstract

Editor John F. McDonald Roosevelt University Co-Editors Sophia V. Dermisi Roosevelt University J. Andrew Hansz University of Texas–Arlington Jack Harris Texas A&M University John F. McDonald Roosevelt University Thomas Musil University of St. Thomas Graeme Newell University of Western Sydney Sean P. Salter Middle Tennessee State University 2010 AMERICAN REAL ESTATE SOCIETY PRESIDENT’S COUNCIL Appraisal Institute CCIM Institute Cornerstone Real Estate Advisers, Inc. CoStar Group Counselors of Real Estate (CRE) Institutional Real Estate, Inc. Prudential Real Estate Investors REGENTS Argus Blackrock Financial Management Colvin Institute of Real Estate Development Edward St. John Department of Real Estate at Johns Hopkins University Freddie Mac Invesco and LaSalle Investment Management National Association of Real Estate Investment Trusts (NAREIT) NYU Schack Institute of Real Estate Property and Portfolio Research, Inc. Richard H. Pennell Center for Real Estate Development–Clemson University Real Capital Analytics Roulac Global Places LLC UBS University of Cincinnati College of Business Department of Real Estate, Baruch College SPONSORS Bailard, Inc. Burnham-Moores Center for Real Estate–University of San Diego CBRE Econometric Advisors Cengage Learning Charles River Associates Clarion Associates, Inc. Dearborn Real Estate Education Dividend Capital Research LLC Emerald Group Publishing Limited GIC Real Estate Pte., Ltd. Graduate School of Real Estate