Archive - ULI - Urban Land Institute DEVELOPING …archive.uli.org/ULIAnnualReport2013.pdf˜ The second ULI Asia Paciﬁc Real Estate Summit in Shanghai built on the success of the

The Urban Land Institute provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI is an independent global nonprofit supported by members representing the entire spectrum of real estate development and land use disciplines.

The ULI Foundation’s mission is to support ULI programs and initiatives through philanthropic gifts. With its enormous intellectual capital and extensive volunteer network, the Institute is uniquely positioned to make a lasting impact on the human condition.

Visit uli.org for more information.

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D E V E L O P I N G F O R H U M A N I T YUrban Land Institute2013 Annual Report

ULI_AR_Cover_v11 Quad.indd 1 3/14/14 2:44 PM

The Urban Land Institute provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI is an independent global nonprofit supported by members representing the entire spectrum of real estate development and land use disciplines.

The ULI Foundation’s mission is to support ULI programs and initiatives through philanthropic gifts. With its enormous intellectual capital and extensive volunteer network, the Institute is uniquely positioned to make a lasting impact on the human condition.

Visit uli.org for more information.

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D E V E L O P I N G F O R H U M A N I T YUrban Land Institute2013 Annual Report

ULI_AR_Cover_v11 Quad.indd 1 3/14/14 2:44 PM

Victoria Davis, president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing

board member

president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing president of Urban Atlantic Development, ULI member, and Terwilliger Center for Housing

The knowledge, ideas, and platform for dialogues which ULI provides are

invaluable when it comes to planning new communities such as Rhode Island

Row. By gaining new insights into best practices from around the world and

sharing experiences with other real estate professionals, we are able to create

places that have a positive impact on people’s lives and our cities.

ULI brings together more than 30,000 experts in the fi elds of real estate and land use who volunteer their skills and knowledge each year to help communities around the world

thrive. Through education and leadership initiatives, our members also mentor the next generation of leaders, instilling them with our passion for building the best possible future. At ULI, it is not just the buildings, neighborhoods, and cities we develop that inspire us, it is the people and the lives they create in these places every day. New urban communities such as Rhode Island Row in Washington, D.C., are the embodiment of our mission. What was once an underused site is now a vibrant, sustainable community that is responsible for revitalizing a neighborhood and enhancing the lives of hundreds of residents just like Audel Shokohzadeh. Our Annual Report reviews the work of ULI over the past fi nancial year, but, more important, recognizes the impact our members have made on their communities.

RHODE ISLAND ROW DEVELOPMENT TEAM Theo Rodgers, A&R Development Corp.

Victoria Davis, Urban Atlantic

Stan Wall, WMATA

Marjorie Rodgers, A&R Development Corp.

Urban Atlantic received the 2012 ULI Jack Kemp Award for its work on Rhode Island Row.

01ULIAnnualReport_FOB.indd 2 3/13/14 4:03 PM

The knowledge, ideas, and platform for dialogues which ULI provides are

invaluable when it comes to planning new communities such as Rhode Island

Row. By gaining new insights into best practices from around the world and

sharing experiences with other real estate professionals, we are able to create

places that have a positive impact on people’s lives and our cities.

“I moved to Rhode Island Row in February 2013

when I was offered a job in Washington, D.C.,

as a staff assistant to a senator. Politics is my

passion and I always wanted to work in D.C., but

if it wasn’t for the fact that the development had

homes to rent for people on my income, there is

no way I could afford to live in the city.

“I use the Metro to get to work every day, as

the station is only a minute from my front door,

and it is also useful for meeting my friends who

live all around the city. I love not having to drive

everywhere, and now I don’t even have a car.

“The environment is a really important issue to

me, and the development helps me play my

part in preserving it for the future. Not only can

I use public transit to get everywhere, but there

are recycling facilities on site and energy-saving

lighting and heating in my apartment.

“Most importantly, there is a real sense of

community. You meet people of all ages and

from all walks of life around the development,

and the roof terrace and community center are

great places to meet other residents. Everybody

is friendly and it really feels like home.”

Audel ShokohzadehRhode Island Row, Washington, D.C.


ULI Atlanta member graduates of the Center for Leadership.


You may be wondering why there is a handprint

in cement on the cover of our 2013 Annual

Report. The answer is simple: ULI is about

people. It’s about the critical role ULI plays in the

creation of communities that people enjoy, rather

than merely endure. The handprint is illustrative of the

lasting impact ULI makes on communities around the

world; and, it is symbolic of the long-term nature of the

land use business that compels us to get it right.

One example of getting it right is Rhode Island

Row in Washington, D.C., which appears on the

opening pages of this year’s report. This exemplary

development, a winner of the Terwilliger Center’s

Jack Kemp Workforce Housing Models of Excellence

Awards, shows how our members are making a

difference—every day.

The report covers fiscal year 2013 (July 1, 2012,

through June 30, 2013)—a busy year for ULI, even by

ULI’s standards. We formed relationships that would

have been unheard of just ten years ago, such as

those with the World Economic Forum, Aga Khan

University, Clinton Climate Initiative, and Singapore’s

Centre for Liveable Cities. Other highlights:

■ The ULI Greenprint Center for Building Performance

published an updated report showing improved

building efficiency among Greenprint members.

■ The Rose Center for Public Leadership worked

with its fellows in Louisville, Kentucky; Austin, Texas;

Hartford, Connecticut; and Tacoma, Washington, on

turning land use challenges into community assets.

■ The second ULI Asia Pacific Real Estate Summit

in Shanghai built on the success of the 2012 summit

in Beijing.

■ The establishment of ULI Ireland marked our

14th national council in Europe, reflecting increased

member involvement throughout the region.

■ Initial work began on our Building Healthy Places

Initiative, which is defining the role of land use in

building for health and wellness.

Supporting all of this were hundreds of activities

occurring throughout the year. On any given week

in 2013, it’s a safe bet that somewhere, in some city

in America, Europe, or Asia, a ULI advisory panel

was preparing redevelopment recommendations.

Young Leaders were networking. Council programs

were examining how national trends affect the local

market. Findings from a ULI report were being shared

through social media and ULI.org. A ULI webinar was

explaining the nuts and bolts of getting started in land

use. An awards jury was selecting winners from a list

of cutting-edge projects. A real estate entrepreneur

was being interviewed for Urban Land magazine. All of

this contributed to ULI’s global success.

As ULI expanded its reach in 2013, it also became

more decentralized, which was reflected in a new

governance structure for the District and National

Council network. The Institute benefited from a

new governance structure consisting of a board

of directors, created to oversee strategy and

administration, freeing up the ULI trustees to focus

on the Institute’s intellectual content and guide its

priority areas. ULI also benefited from the creation

of a new ULI Foundation board that oversees

Foundation support for ULI. These new governing

bodies are working in lockstep to advance ULI’s

mission. Creating thriving, economically successful

communities is, above all, what matters most.

The program of work in the Annual Report is

organized around six areas of focus: Developing

Excellence through Education; Driving Innovation

in Real Estate and Urban Development; Advising

Communities in Need; Shaping Cities and Regions;

Building Sustainably; and Connecting Capital and the

Built Environment. In each of these areas, you will find

significant progress made toward advancing ULI’s

mission locally and globally.

We hope you find our Annual Report informative and

enlightening. Thank you for supporting ULI.

M E S S A G E F R O M T H E C H A I R M A N A N D C E O | 3

Peter S. Rummell

ULI Chairman, July 1, 2011–June 30, 2013

Patrick L. Phillips

ULI Chief Executive Officer

ULI Atlanta member graduates of the Center for Leadership.

Message from the Chairman and CEO


T he ULI Foundation’s mission is to support ULI

programs and initiatives through philanthropic

gifts. With its enormous intellectual capital

and extensive volunteer network, the Institute is

uniquely positioned to make a lasting impact on the

human condition.

ULI’s impact is the impact of more than 30,000 land

use and real estate leaders, all sharing a commitment

to build a better world. Every day, ULI—through the

work of its members—improves the lives of millions of

people around the globe by creating communities that

are prosperous, sustainable, and livable.

By choosing to be part of ULI, we are embracing a

cause that is noble, transformative, and profound. Our

cause is this: promoting responsible land use to help

people achieve a higher quality of life and improve

economic productivity.

ULI’s work bridges the gap between macro-level

concepts too abstract for practical use, and micro-

level details too specific to be widely applicable.

Our influence is not always immediately apparent,

because it affects how cities grow—and that is, of

course, a long-term process. But what we do matters

for the long haul.

The 2013 Annual Report provides a snapshot

of how ULI’s work inspires outcomes of lasting

benefit. This is illustrated in the testimonial of Audel

Shokohzadeh, a U.S. government employee whose

day-to-day life in Washington, D.C., was made easier

by the opportunity to live in workforce housing—a

development recognized with a 2012 award from the

ULI Terwilliger Center for Housing.

Audel’s story reminds us that our business is a people

business. How people feel about their communities

is important. And while what they want and need

changes over time, what does not change is the

basic desire for a high quality of life. This presents an

extraordinary opportunity for all of us. Not because

we build places, but because we shape people’s lives.

With our enormous intellectual capital and extensive

volunteer network, ULI’s global imprint is like that of

no other land use organization. This phenomenal

impact is why I’m proud to chair the ULI Foundation.

It’s why I’m passionate about ULI as an institution

worthy of philanthropic gifts. It’s why I take great

pride in the Foundation’s support for the Institute’s

work highlighted in this Annual Report. Every ULI

publication, every convening, every service is a tool

to spur action—and ultimately, provide a positive

outcome.

Giving to ULI is giving to an organization that is taking

on the tough issues that affect people’s lives. Issues

like how to provide affordable housing. Create safe

streets. Offer transit alternatives. Conserve energy

and natural resources. Protect the environment.

These are quality-of-life issues. These are issues that

define the future. They shape the choices people

make about where and how they live. They shape the

choices that businesses, communities, and regions

make about where to invest and where to grow. And

ULI’s involvement in these issues—as documented

in this report—will lead to better choices that make a

better world.

James J. Curtis III

ULI Foundation Chairman

Message from the ULI Foundation Chairman

4 | U L I 2 0 1 3 A N N U A L R E P O R T

In Nashville, Tennessee, residents and visitors alike enjoy Cumberland Park, a 2013 Urban Open Space Award finalist.


In Nashville, Tennessee, residents and visitors alike enjoy Cumberland Park, a 2013 Urban Open Space Award finalist.


ULI’s Global Impact

Organized into 125 member communities connecting people with

shared experiences and interests

Global Members30,000

ULI has members in 75 countries around the world

Member Countries75

Student participants in ULI's UrbanPlan program and the Gerald D. Hines

Student Urban Design Competition in the current academic year

Student Participants4,215

Equivalent value of time donated by ULI district and national

councils to their communities

$5,000,000

The ULI social media network reaches over 300,000 people globally each year.

ULI brings together more than 30,000 experts in the fields of real estate and land use who each year help

communities around the world thrive. In 2013, we made a significant impact through education and leadership

initiatives that instill our passion for building the best possible future across the world.

Cars’ worth of CO2 emissions eliminated by ULI Greenprint

members since inception

ULI Foundation Governors donating time and money to further

ULI’s philanthropic works

Governors 273

Raised by the ULI Foundation Annual Fund in 2013

$1,573,000

More than 250 members volunteered their expertise as panelists in 2013, taking the

total number of communities helped by the program to over 600 since 1947

50,615

Advisory Service Panels11


ULI’s Global Impact

Organized into 125 member communities connecting people with

shared experiences and interests

Global Members30,000

ULI has members in 75 countries around the world

Member Countries75

Student participants in ULI's UrbanPlan program and the Gerald D. Hines

Student Urban Design Competition in the current academic year

Student Participants4,215

Equivalent value of time donated by ULI district and national

councils to their communities

$5,000,000

The ULI social media network reaches over 300,000 people globally each year.

ULI brings together more than 30,000 experts in the fields of real estate and land use who each year help

communities around the world thrive. In 2013, we made a significant impact through education and leadership

initiatives that instill our passion for building the best possible future across the world.

Cars’ worth of CO2 emissions eliminated by ULI Greenprint

members since inception

ULI Foundation Governors donating time and money to further

ULI’s philanthropic works

Governors 273

Raised by the ULI Foundation Annual Fund in 2013

$1,573,000

More than 250 members volunteered their expertise as panelists in 2013, taking the

total number of communities helped by the program to over 600 since 1947

50,615

Advisory Service Panels11


8 | U L I 2 0 1 3 A N N U A L R E P O R T

The cover of Urban Land, the magazine of the Urban Land Institute, featuring Riverfront Park in Denver, a ULI Award for Excellence winner.


U L I F I N A N C I A L P E R F O R M A N C E

ULI Financial Performance

2013 2012Assets Cash and short-term investments 8,074,401 7,227,089 Receivables, net Funding for ULIF (loan callback) 10,000,000 10,000,000 ULIF temporarily restricted gifts 25,928,755 26,097,382 ULIF operations 3,158,935 2,341,868 Other 1,506,339 1,086,439 Inventory 216,662 220,775 Prepaid expenses and deposits 982,106 821,352 Investments 4,240,953 3,974,532 Property and equipment, net 2,031,436 2,701,105

Total assets 56,139,587 54,470,542 Liabilities Accounts payable 2,586,684 2,000,563 Accrued expenses 2,815,093 2,628,701 Deferred revenue 8,687,328 8,802,445 Deferred rent 613,573 763,260

Total liabilities 14,702,678 14,194,969 Net assets Unrestricted Undesignated 7,570,473 7,376,032 Board designated—District Councils 7,886,080 6,748,635

Total unrestricted 15,456,553 14,124,667 Temporarily restricted 25,980,356 26,150,906

Total net assets 41,436,909 40,275,573

56,139,587 54,470,542

2013 Global operations District Councils Temp restricted Total 2012Revenue and support District Council (local programs) — 18,363,492 — 18,363,492 17,741,770 Meetings and conferences 12,652,471 — — 12,652,471 12,806,956 Membership 11,945,326 — — 11,945,326 11,298,443 Content 6,714,438 — — 6,714,438 5,850,338 Advisory Services 1,386,743 — — 1,386,743 1,672,119 Urban Land magazine 1,384,697 — — 1,384,697 1,398,473 Product Councils 1,381,149 — — 1,381,149 1,190,566 Publishing 863,114 — — 863,114 804,569 Professional development 769,278 — — 769,278 696,936 District Council support from ULI 614,894 — — 614,894 744,025 Awards 608,912 — — 608,912 286,355 Net assets released from restrictions — — (170,550) (170,550) (1,243,538) Other 123,812 — — 123,812 137,095

Total revenue and support 38,444,834 18,363,492 (170,550) 56,637,776 53,384,107

Expenses District Council (local programs) — 17,226,047 — 17,226,047 16,413,413 Meetings and conferences 7,503,358 — — 7,503,358 7,739,407 Membership 2,985,902 — — 2,985,902 2,561,013 Content 9,269,091 — — 9,269,091 8,970,056 Advisory Services 1,492,105 — — 1,492,105 1,645,806 Urban Land magazine 1,900,874 — — 1,900,874 2,096,675 Product Councils 1,730,791 — — 1,730,791 1,649,924 Publishing 985,455 — — 985,455 1,153,688 Professional development 883,096 — — 883,096 896,416 District Council support from ULI 5,421,423 — — 5,421,423 5,074,169 Awards 916,269 — — 916,269 639,304 Strategic Communications 2,241,880 — — 2,241,880 1,848,273 ULI Foundation contribution 1,967,408 — — 1,967,408 1,275,119 Development 1,100,950 — — 1,100,950 1,304,491

Total expenses 38,398,602 17,226,047 — 55,624,649 53,267,754

Net income before investments 46,232 1,137,445 (170,550) 1,013,127 116,353 Investment gain / (loss) 148,209 — — 148,209 35,697 Change in net assets 194,441 1,137,445 (170,550) 1,161,336 152,050

“What we’ve achieved this year—through initiatives both global and local—represents great progress in broadening our infl uence and in making ULI matter to more people in more places.”

—Peter RummellPrincipal, Rummell Company

U L I F I N A N C I A L P E R F O R M A N C E | 9

BALANCE SHEET

STATEMENT OF ACTIVITIES


John L. BucksbaumCEOBucksbaum Retail Properties LLCChicago, IL

Preston ButcherChairman and Chief Executive Offi cerLegacy PartnersFoster City, CA

Joseph C. Canizaro*President/Chief Executive Offi cerColumbus Properties LPNew Orleans, LA

Colleen M. CareyPresidentThe Cornerstone GroupBloomington, MN

Lynn CarltonDirector of Planning360 ArchitectureKansas City, MO

Daryl J. CarterChairman and Chief Executive Offi cerAvanath Capital ManagementIrvine, CA

James J. Chaffi n*ChairmanChaffi n Light Management LLCOkatie, SC

J. Christopher Chaffi nVP DevelopmentChaffi n Light Management LLCOkatie, SC

Anthony ChangVice PresidentCassidy TurleyVienna, VA

Koon Hean CheongChief Executive Offi cerHDB HubSingapore

Raymond ChowExecutive DirectorHongkong Land Ltd.Central, Hong Kong

Frank CohenSenior Managing DirectorBlackstone Real Estate AdvisorsNew York, NY

Michael CovarrubiasChairman and CEOTMG PartnersSan Francisco, CA

James J. CurtisManaging PartnerBristol Group Inc.San Francisco, CA

John C. CushmanCochairman of the BoardCushman & Wakefi eld Inc.Los Angeles, CA

Richard J. DishnicaPresidentThe Dishnica Company LLCPoint Richmond, CA

Michael D. FascitelliVornado Realty TrustNew York, NY

Charles H. FedalenExecutive Vice President GroupHead, Wells Fargo CRE Institutional &

Metro Markets GroupWells Fargo Real Estate Banking GroupIrvine, CA

Michael FoustChief Executive Offi cerDigital Realty TrustSan Francisco, CA

Harry H. Frampton*Managing PartnerEast West Partners—Western DivisionAvon, CO

Theresa O. FrankiewiczVice President of Community

DevelopmentCrown Community DevelopmentNaperville, IL

Lizanne GalbreathManaging PartnerGalbreath & CompanyNorwalk, CT

Thomas GarbuttHead of Global Real EstateTIAA-CREFNew York, NY

Mark D. GibsonExecutive Managing DirectorHFFDallas, TX

Richard M. GollisPrincipalThe Concord Group LLCNewport Beach, CA

Rosalind E. GorinPresident and CEOH.N. Gorin Inc.Boston, MA

Gerard H.W. GroenerChief Executive Offi cerCorioUtrecht, Netherlands

Greenlaw Grupe*ChairmanThe Grupe CompanyStockton, CA

John S. HagestadManaging DirectorSares Regis GroupIrvine, CA

John J. HealyPrincipalHyde Street Holdings LLCRaleigh, NC

Pamela J. HerbstManaging DirectorAEW Capital Management LPBoston, MA

John W. HigginsChairman, Chief Executive Offi cerHiggins Development PartnersChicago, IL

Dorine Holsey StreeterExecutive Vice PresidentJames Campbell Company LLCSan Francisco, CA

Trustees and GovernanceKenneth W. HubbardExecutive Vice PresidentHinesNew York, NY

Kirk HumphreysChairmanThe Humphreys CompanyOklahoma City, OK

Gregory K. JohnsonPresidentWright Runstad & CompanySeattle, WA

Marty JonesPresident and CEOMassDevelopmentBoston, MA

Neisen O. KasdinManaging ShareholderAkerman Senterfi ttMiami, FL

Chaim KatzmanChairman of the BoardGazit Group USA Inc.Miami, FL

Gadi KaufmannManaging Director/Chief Executive Offi cerRCLCOBethesda, MD

Anne T. KavanaghGlobal Head of Asset ManagementAXA Real Estate Investment ManagersLondon, United Kingdom

Michael F. Kelly*Retired Managing DirectorMadison Marquette Realty ServicesEdina, MN

Mary Ann KingPresidentMoran & CompanyIrvine, CA

Bill KistlerManaging PartnerKistler & CompanyLondon, United Kingdom

James D. Klingbeil*Chairman and CEOKlingbeil Capital ManagementSan Francisco, CA

Barbara Knofl achChief Executive Offi cerSEB Asset Management AGFrankfurt, Germany

Hakan KodalPresident and CEOKREA Real EstateIstanbul, Turkey

A. Eugene KohnChairmanKohn Pedersen FoxNew York, NY

Jeffrey S. KottManaging PartnerBristol GroupSan Francisco, CA

John Z. KukralPresidentNorthwood InvestorsNew York, NY

ULI BOARD OF DIRECTORSPeter Rummell, ChairmanJeremy Newsum, Immediate Past

ChairmanJames J. Curtis, ULI Foundation

ChairmanScott Malkin, Europe ChairmanRaymond Chow, Asia RepresentativePatrick L. Phillips, ULI CEOCharles Leitner, TreasurerLynn Thurber, SecretaryJoseph Azrack, At LargeRandall Bone, At LargeMichael D. Fascitelli, At LargeRobert Lieber, At LargeTodd Mansfi eld, At LargeHamid Moghadam, At LargeJon Zehner, At Large

ULI OPERATING COMMITTEEPatrick L. Phillips, ChairmanPeter Rummell, Ex-Offi cioRichard Dishnica, CouncilsGadi Kaufmann, MembershipDavid Mayhood, District CouncilsSteve Navarro, ProgramBret Wilkerson, Policy & Practice

TRUSTEES

Douglas D. AbbeyChairman, Swift Real Estate PartnersSan Francisco, CA

Naoto AibaDirector and Senior Executive Offi cerMitsubishi Estate Co. Ltd.Tokyo, Japan

Joseph F. AzrackManaging PartnerApollo Global Real EstateNew York, NY

Peter E. BaccileUBSNew York, NY

Jeff T. BlauChief Executive Offi cerThe Related Companies LPNew York, NY

Randall BonePresident and COOSunrise CompanyAspen, CO

Jonathan H. BrinsdenExecutive Vice President/Chief Operating

Offi cerMidway CompaniesHouston, TX

Cia BuckleyChief Investment Offi cerDune Real Estate Partners LPNew York, NY

* Past Chairman of ULI

1 0 | U L I 2 0 1 3 A N N U A L R E P O R T


T R U S T E E S A N D G O V E R N A N C E

Christopher W. KurzPresident and CEOLinden Associates Inc.Baltimore, MD

Reinhard KutscherChairman of the Management BoardUnion Investment Real Estate GmbHHamburg, Germany

M. Leanne LachmanPresidentLachman Associates LLCNew York, NY

Steven R. LeBlancFounding PartnerCapRidge Partners LLCAustin, TX

Charles B. LeitnerPresidentThe Berkshire GroupBoston, MA

Robert C. LieberExecutive Managing DirectorIsland Capital GroupNew York, NY

Peter D. LinnemanChief Executive OfficerAmerican Land FundPhiladelphia, PA

Vincent H.S. LoChairmanShui On Holdings Ltd.Wanchai, Hong Kong

Mary K. LudginManaging DirectorHeitmanChicago, IL

Victor B. MacFarlaneCEOMacFarlane PartnersSan Francisco, CA

Scott D. MalkinChairman of ULI EuropeValue Retail plc and SD Malkin PropertiesLondon, United Kingdom

Todd W. Mansfield*President and CEOCrescent Resources LLCCharlotte, NC

Roy Hilton MarchChief Executive OfficerEastdil SecuredSanta Monica, CA

Lauralee E. MartinPresident and CEOHCPLong Beach, CA

David R. MayhoodPresidentMayhood CompanyMcLean, VA

Robert B. McLeodChairman/Chief Executive OfficerNewland Real Estate GroupSan Diego, CA

John E. McNellisPartnerMcNellis Partners LLCPalo Alto, CA

Robert R. MerckSenior Managing DirectorMetLife Real EstateMorristown, NJ

Hamid R. MoghadamChairman and CEOPrologisSan Francisco, CA

Marc MogullManaging PartnerBenson Elliot Capital ManagementLondon, United Kingdom

Gerard MooneyVP, Global Smarter CitiesIBMHopewell Junction, NY

Barry G. MossPartner/PrincipalErnst & Young LLPNew York, NY

Bahram MotamedianManaging Director, Portfolio

ManagementUSAA Real Estate CompanySan Antonio, TX

Stephen P. NavarroPresident and CEOCBRE/Furman Co.Greenville, SC

Daniel M. NeidichChief Executive OfficerDune Real Estate PartnersNew York, NY

Jeremy Newsum*Executive TrusteeGrosvenorLondon, United Kingdom

Robert O’BrienPartnerDeloitteChicago, IL

Joseph W. O’Connor*President and Chief Executive OfficerSingleton AssociatesNorth Palm Beach, FL

Dennis D. OklakChairman/President/CEODuke RealtyIndianapolis, IN

Roger G. OrfManaging DirectorApollo Management International LLPLondon, United Kingdom

Alexander OttoChief Executive OfficerECE Projektmanagement GmbH & Co. KGHamburg, Germany

Thomas D. OwensSenior Managing Director/

Chief Risk OfficerHinesHouston, TX

Peter A. PappasPresident/Managing PartnerPappas Properties LLCCharlotte, NC

Gerald N. ParkesChief Executive OfficerPacific Real Estate Capital PartnersLondon, United Kingdom

Richard L. PerlmutterPrincipalArgo Development CompanyRockville, MD

Marc PerrinThe Roxborough GroupSan Francisco, CA

Patrick L. PhillipsChief Executive OfficerUrban Land InstituteWashington, DC

Olivier PianiChief Executive OfficerAllianz Real Estate GmbHParis, France

Richard H. PowersGreenwich, CT

Richard T.G. PriceChief Executive–Asia PacificCBRE Global InvestorsCentral, Hong Kong

I. Rocke Ransen*Chairman/CEOMondev International Ltd.Montreal, Canada

Diana ReidExecutive Vice PresidentPNC Real EstatePittsburgh, PA

Dale Anne ReissArtemis Advisors LLCNew York, NY

Kim A. RichardsPresidentThe Athens GroupPhoenix, AZ

Philip A. RiordanGE Asset ManagementStamford, CT

Struan RobertsonExecutive Vice PresidentHost Hotels & Resorts LPBethesda, MD

Joseph B. RosePartnerThe Georgetown CompanyNew York, NY

Kenneth T. RosenChairmanFisher Center for R.E. & U.E. Haas

School of BusinessBerkeley, CA

Randy K. RoweChairmanGreen Courte Partners LLCLake Forest, IL

Peter S. RummellPrincipalRummell CompanyJacksonville, FL

Hitoshi SaitoExecutive Managing DirectorMitsui Fudosan Co. Ltd.Tokyo, Japan

Richard B. SaltzmanPresidentColony Capital LLCNew York, NY

Deborah Ratner SalzbergPresidentForest City Enterprises Inc.Washington, DC

Robert M. SharpeManaging PartnerRancho SahuaritaTucson, AZ

Jonathan ShortExecutive Chairman & Founding PartnerInternos Real InvestorsLondon, United Kingdom

Kelley J. SmithPrincipalKensington Realty AdvisorsChicago, IL

J. Allen SmithChief Executive OfficerPrudential Real Estate InvestorsMadison, NJ

Michael SpiesSenior Managing DirectorTishman SpeyerLondon, United Kingdom

Geoffrey L. StackManaging DirectorSares Regis GroupIrvine, CA

Martin E. SteinChairman/Chief Executive OfficerRegency Centers CorporationJacksonville, FL

Van J. StultsManaging DirectorOrion Capital ManagersLondon, United Kingdom

Ron D. SturzeneggerLegacy Asset Servicing ExecutiveBank of America Merrill LynchCalabasas, CA

Marilyn Jordan Taylor*Dean and Paley ProfessorUniversity of Pennsylvania School of DesignPhiladelphia, PA

J. Ronald Terwilliger*Oyster Bay, NY

Owen D. ThomasChief Executive OfficerBoston PropertiesNew York, NY

Lynn ThurberChairmanLaSalle Investment ManagementChicago, IL

Alyson ToombsManaging DirectorSilvermine Development Partners LLCNew Canaan, CT

Thomas W. ToomeyPresident/Chief Executive OfficerUDR IncLittleton, CO

Simon TreacyManaging Director, Global CIO and

Head of U.S. EquityBlackRock Real EstateNew York, NY

Simon M. TurnerPresident, Global DevelopmentStarwood Hotels and ResortsStamford, CT

Daniel C. Van EppExecutive Vice PresidentNewland Real Estate GroupLas Vegas, NV

Greg J. VogelChief Executive OfficerLand Advisors OrganizationScottsdale, AZ

John M. WalshPresidentTIG Real Estate Services Inc.Dallas, TX

Jaidev WatumullVice PresidentWatumull Properties CorporationHonolulu, HI

Ronald WeidnerFounder and CEOPLB Capital PartnersSan Francisco, CA

Bret R. WilkersonManaging DirectorHawkeye Partners LPAustin, TX

Kazuhiko YamamotoExecutive Vice PresidentMori Building Company Ltd.Tokyo, Japan

Smedes York*ChairmanYork Properties Inc.Raleigh, NC

Jon H. ZehnerGlobal Head of Capital MarketsLaSalle Investment ManagementLondon, United Kingdom

T R U S T E E S A N D G O V E R N A N C E | 1 1


ULI Foundation Financial Performance

2013 2012Assets Cash and short-term investments 532,867 1,100,473 Endowment and annual fund pledges 10,041,436 10,307,745 Long-term investment 44,316,915 40,537,505 Website net of amortization 17,633 9,058 Accrued interest receivable 91,261 97,199

Total assets 55,000,112 52,051,980 Liabilities ULI reserve 10,000,000 10,000,000 Accounts payable 3,158,936 2,341,868 Grant funds in advance 60,139 122,090

Total liabilities 13,219,075 12,463,958 Net assets Unrestricted 5,982,131 4,130,669 Temporarily restricted 26,814,666 26,869,464 Permanently restricted 8,984,240 8,587,889

Total net assets 41,781,037 39,588,022

Total net assets and liabilities 55,000,112 52,051,980

2013 Temporarily Permanently 2012

Unrestricted restricted restricted Total totalSupport and revenue Contributions 920,309 1,487,187 363,110 2,770,606 4,013,827 Contributions from ULI 1,967,408 — — 1,967,408 1,275,119 Interest and dividends, net of fees 367,571 547,656 14,122 929,349 753,937 Net assets released from restrictions 3,936,810 (3,909,050) (27,760) — —

Total support and revenue 7,192,098 (1,874,207) 349,472 5,667,363 6,042,883 Expenses Grants to ULI 5,284,415 — — 5,284,415 5,325,680 Fundraising 563,332 — — 563,332 1,415,365 General and administrative 684,613 — — 684,613 357,423

Total expense 6,532,360 — — 6,532,360 7,098,468 Change in net assets before investment gain 659,738 (1,874,207) 349,472 (864,997) (1,055,585)Investment gain / (loss) 1,191,724 1,819,409 46,879 3,058,012 (506,969)

Change in net assets 1,851,462 (54,798) 396,351 2,193,015 (1,562,554)

“From Hong Kong to Houston, from Los Angeles to London, ULI’s guidance is trusted and effective. In a world transformed by technology and economic globalization, the world’s cities need ULI’s wisdom now more than ever. We are all the better for your dedication, your perseverance, and your commitment to creating a more sustainable world.”

—Former U.S. President Bill Clinton

ULI’s Governors’ Retreat at Silicon Valley.


BALANCE SHEET

STATEMENT OF ACTIVITIES


U L I F O U N D A T I O N

ULI Foundation Financial Performance

ULI Gerald D. Hines Student Urban Design Competition.

U L I F O U N D AT I O N | 1 3


Benefactor$1 MILLION OR MOREJohn BucksbaumJoseph CanizaroGerald HinesJames KlingbeilDaniel RoseJ. Ronald Terwilliger

Sustainer$500,000 TO $999,999Stephen ChamberlinSusan ChamberlinJames CurtisStan Ross

Developer$250,000 TO $499,999Douglas AbbeyCharles CobbBruce EtkinWilliam FergusonHarry FramptonLizanne GalbreathGreenlaw GrupeJohn HagestadMichael HorstCharles LeitnerBowen McCoyRobert McLeodRonald NahasJon ReynoldsPeter RummellJames ToddGreg Vogel

Builder$100,000 TO $249,999Toni AlexanderMahlon ApgarJoseph AzrackPreston ButcherJames DeFranciaRichard GollisRosalind GorinJames HarrisJohn HealyPatricia HealyGadi KaufmannMark KehkeFrederick KoberEric LarsonAnthony MansourFrancis Najafi Roger OrfPatrick L. PhillipsJerome RappaportMichael SchuelerGeoffrey StackLynn ThurberThomas Toomey

Frank Transue

Governor$50,000 TO $99,999Andrea AmadesiJohn AndersonKenneth BalinPeter BedfordMarshall BennettJeff BlauDavid BohannonG. Niles BoltonClifford BoothMary BorgiaKenneth BrodyJoseph BrownWilliam BurgeTim ByrneWilliam Caldwell

Patrick CallahanJames CallardSuzanne CameronR. Byron CarlockDougal CaseyGeorge CaseyDaniel CashdanJohn CecilKathleen CecilianJames Chaffi nA. Larry ChapmanDavid ChristensenMartin CiccoFrank CohenMichael CovarrubiasGlen CoverdaleThomas CoxDouglas CrockerJames DidionRichard DiedrichRichard Dishnica

Thomas DonnellyWayne DoranRonald DrukerRonald EastmanEric EichlerRay EllisonDouglas EtkinStephen EvansMichael D. FascitelliGary FenchukArthur FieldsStephen FurnaryJohn GatesAlan GeorgePat GoldsteinJohn GrahamHarvey GreenKevin HackettVeronica HackettV.R. HalterW. Easley Hamner

ULI Foundation Governors Program

Lizanne Galbreath and son Kyle Megrue at the ULI Governors’ Retreat at Silicon Valley.



James HarperThomas HarrisonMichael HaydeW. Dean HenryE. Eddie HensonJohn HerbertDorine Holsey StreeterDavid HowertonKenneth HubbardKenneth HughesPhillip HughesRobert HughesGregory HummelWayne HyattStanley IezmanThomas IkeClyde JacksonF. Scott JacksonRandal JacksonEdward JamesFrank JansenBruce JohnsonDavid JohnsonGregory JohnsonNeisen KasdinI. Michael KasserGerald KatellEdmond KavounasMichael KellyStuart Ketchum

Donald KingRobert KlineDonald KnabCarl KoelbelWalter KoelbelA. Eugene KohnJeffrey KottMark KrollCraig KrumwiedeJames KuhnJohn KukralChristopher KurzM. Leanne LachmanTom LangPatrick LeardoSteven LeBlancRandall LewisRobert LieberJames LightPeter LinnemanStuart LiptonAnthony LoPintoRobert LoweJeremiah LuceyBruce LudwigVictor MacFarlaneJames MaginnRobert MaguireAkio MakiyamaScott Malkin

Todd MansfieldRoy MarchGeorge MarcusMarvin MarshallJ. Kell MartinMelinda MassonMichael MatkinsDavid MayhoodWilliam McCallLynn McCarthyThomas McMullenDonald McNamaraJohn McNellisRaymond MikulichHenry MillerPeter MoisterBarry MossVicki MullinsRaymond NasherDaniel NeidichDavid NelsonJeremy NewsumRobert NilssonGeorge NolteRobert O'BrienJoseph O'ConnorJohn O'DonnellHenry PaparazzoPeter PappasGerald ParkesDarryl ParmenterPhilip PayneGeorge PeacockJohn PearcyRichard PeiserRichard PerlmutterFredrick PetriDante PetrocchiMichael PhillipsWillis PoliteLat Wesley PurserStephen QuazzoWhayne QuinI. Rocke RansenWayne RatkovichJames RatnerJohn ReedDale Anne ReissRichard ReynoldsWilliam ReynoldsKim RichardsJames RichmondJohn RopesRichard RosanAlex RoseRonald RosenfeldHoward RothRandall RoweMitchell RudinRobert RuthRichard SaltzmanFederico Sanchez-FeblesFederico Sanchez-OrtizLynn SedwayGregory SenkevitchRobert SharpeHarold ShippRonald SilvermanRichard SimRichard SinkulerMatthew SlepinAdrian SmithJames SmithKelley SmithJerry SpeyerMichael SpiesFrank StanekRobert SteinbergPhillip StephensRobert StineFederico StubbeJeffrey SwopeA. Alfred TaubmanMarilyn Jordan TaylorJohn TempleOwen Thomas

William TooleyDaniel Van EppAlexis VictorsMark VietsGeorge von LiphartDavid WaiteJohn WalshRobert WebsterRobert WeekleyGregory WeingastJohn WilliamsLeonard WoodDennis YeskeySmedes YorkRoger ZanariniF. Karl ZavitkovskyJon ZehnerSamuel ZellClaude Zinngrabe

ULI FOUNDATION BOARD OF DIRECTORSJames Curtis, ULI Foundation

ChairmanJames Klingbeil, ULI Foundation

Chairman EmeritusPeter Rummell, ULI ChairmanPatrick Phillips, ULI CEORandy Rowe, TreasurerJohn Healy, SecretaryGeoffrey Stack, Annual Fund

ChairmanRoger Orf, ULI Charitable Trust

ChairmanJohn Bucksbaum, At-LargeBruce Etkin, At-LargeRosalind Gorin, At-LargeRobert Lieber, At-LargeJames Todd, At-LargeBret Wilkerson, At-Large

“ The power of an endowment is that it allows you to deliver on your mission in both good times and bad.”

—Mark Kehke, ULI Foundation Governor




ULI Foundation Major Donors

Major Gifts and EndowmentsJ. Ronald TerwilligerULI J. Ronald Terwilliger Center for HousingULI J. Ronald Terwilliger Chair for Housing

Daniel RoseULI Daniel Rose Center for Public

Leadership in Land Use

Miller Nichols Charitable FoundationULI J.C. Nichols Prize for Visionaries

in Urban Development

Gerald HinesULI Gerald D. Hines Student Urban Design Competition

Joseph C. CanizaroJames D. KlingbeilULI Canizaro/Klingbeil Families Chair for Urban Design

Matthew and John BucksbaumULI Bucksbaum Family Chair for Retail

J. Ronald TerwilligerULI J. Ronald Terwilliger Chair for Housing

Peter Rummell, Harry FramptonULI Charles E. Fraser Chair for Sustainable Development

and Environmental Policy

Stan RossULI Stan Ross Real Estate Trends Conference

Charles LeitnerULI Greenprint Center for Building Performance

Steve and Susan ChamberlinGraduate Student Fellowships: University of California at

Berkeley, University of Pennsylvania, and Cornell University

Bruce EtkinGraduate Student Fellowship: University of Colorado

Bowen “Buzz” McCoyULI McCoy Symposium on Real Estate Finance

Charles H. Shaw (1933–2006)ULI Charles H. Shaw Forum on Urban Community

Issues

Robert C. Larson (1934–2010), Thomas W. Toomey, and Michael HorstULI Robert C. Larson Leadership Initiative

John S. HagestadULI Advisory Services Program

Douglas D. AbbeyULI Douglas D. Abbey Research and Education

Endowment

Carolyn and Preston Butcher ULI Carolyn and Preston Butcher Forum on Multifamily

Housing

Legacy Circle MembersJoseph C. CanizaroJames J. CurtisBruce EtkinGreenlaw GrupeJohn S. HagestadStuart KetchumJames D. KlingbeilRoy Hilton MarchBowen “Buzz” McCoyPeter S. RummellGreg Vogel

Estate GiftsMelvin SimonLawrence Smith

2013 Project GiftsGeorge MarcusReal Estate Entrepreneurs Program

Randall LewisBuilding Healthy Places Initiative

James ToddTen Principles of Building Healthy Places

Bruce JohnsonBuilding for Wellness: The Business Case

Peter PappasProfi les in Leadership

Linda LawWomen’s Leadership Initiative

Peter RummellCharles E. Fraser Chair for Sustainable Development

Patricia and John HealyReal Estate and Technology Initiative

Greg VogelLarge Landowners Forum

Kenneth HubbardULI Greenprint Center for Building Performance

ADVISING COMMUNITIES IN NEED

Deliver the

experience and

expertise of ULI

members to

communities facing

critical land use

challenges

SHAPING CITIES AND REGIONS

Foster the planning

and development of

vibrant, competitive

metropolitan

areas through

sharing global

best practices and

promoting effective

relationships

among business,

government,

and community

stakeholders

DEVELOPING EXCELLENCE THROUGH EDUCATION

Create learning

experiences

that develop

professional

expertise and

personal leadership

skills in support of

the individual, the

community, and the

real estate industry

DRIVING INNOVATION IN REAL ESTATE AND URBAN DEVELOPMENT

Analyze the

evolution of real

estate market

demand, changing

technology,

policy trends, and

investment patterns

to help identify

opportunities,

develop creative

responses, and

manage risk

BUILDING SUSTAINABLY

Clarify the

connections among

responsible use

of resources, the

built environment,

and long-term

environmental

health, and

demonstrate a

compelling business

case for resource

effi ciency

CONNECTING CAPITAL AND THE BUILT ENVIRONMENT

Ensure the

attractiveness of

real estate to global

allocators of capital

by understanding

and explaining the

dynamics affecting

real estate value


ULI’S PROGRAM PRIORITIES

Gerald D. Hines




Gerald D. Hines


National and District Councils


ULI’s network of 71 District

Councils and National

Councils worldwide has

continued to have a meaningful

impact at the local level, delivering

over 1,100 programs attended

by more than 70,000 people.

The District and National Council

network provides ULI’s more

than 30,000 members with a

unique platform to connect with

each other and learn from shared

knowledge and experience while

also giving back to and making

a real difference in their local

communities.

Members provide impact through

a wide range of initiatives,

including Technical Assistance

Program (TAP) panels, workshops

for public offi cials, assistance with

ULI research, and involvement

in many other initiatives. Though

the skills, expertise, and insight

that members provide to their

communities are priceless, it is

conservatively estimated that the

value of their time alone would

have exceeded $5 million last year. District Councils convene community leaders at a Reality Check program to reach consensus on future growth and development in their region.

02ULIAnnualReport_MainPages.indd 18 3/13/14 3:14 PM

National CouncilsULI Barcelona

ULI Belgium

ULI France

ULI Germany

ULI Greece

ULI Ireland

ULI Italy

ULI Madrid

ULI Netherlands

ULI Portugal

ULI Russia

ULI Sweden

ULI Turkey

ULI United Kingdon

ULI North Asia

ULI South Asia

ULI Mainland China

ULI Japan

ULI Singapore

ULI Australia

ULI Philippines

District CouncilsULI Arizona

ULI Atlanta

ULI Austin

ULI Baltimore

ULI Boston

ULI British Columbia

ULI Central Florida

ULI Charlotte

ULI Chicago

ULI Cincinnati

ULI Cleveland

ULI Colorado

ULI Columbus

ULI Hampton Roads

ULI Hawaii

ULI Houston

ULI Idaho

ULI Indiana

ULI Kansas City

ULI Los Angeles

ULI Louisiana

ULI Memphis

ULI Mexico

ULI Michigan

ULI Minnesota

ULI Nashville

ULI Nevada

ULI New Mexico

ULI New York

ULI North Florida

ULI North Texas

ULI Northern New Jersey

ULI Northwest

ULI Oklahoma

ULI Orange County/

Inland Empire

ULI Philadelphia

ULI Pittsburgh

ULI Richmond

ULI Sacramento

ULI San Diego/Tijuana

ULI San Francisco

ULI SE Florida/Caribbean

ULI South Carolina

ULI St. Louis

ULI SW Florida

ULI Tampa Bay

ULI Toronto

ULI Triangle

ULI Utah

ULI Washington, D.C.

ULI Westchester/Fairfi eld

C O U N C I L S | 1 9

C O U N C I L S

ULI research, and involvement

in many other initiatives. Though

the skills, expertise, and insight

that members provide to their

communities are priceless, it is

conservatively estimated that the

value of their time alone would

have exceeded $5 million last year.

ULI’s National and District Council Network


National Councils

National Councils are

country networks that

operate in a similar

fashion to District Councils and

advance ULI’s mission around the

world. There are now 21 National

Councils across the globe,

including 14 in Europe and seven

in the Asia Pacifi c region.

Last year saw continued growth

in ULI’s National Councils. ULI

Europe launched its 14th National

Council with the offi cial recognition

of ULI Ireland at an event at the

Bank of Ireland, House of Lords.

More established councils such

as ULI Germany continued with

an active calendar of events.

The Urban Leader Forum and

Leadership Awards took place

in Hannover and attracted

160 leaders to address issues

such as the impact of the

European monetary union on real

estate, emerging sustainability

frameworks, and smart cities.

The Urban Leadership Awards

recognized exceptional

contributions in the fi elds of real

estate economics and public

administration, as well as among

Young Leaders. In ULI Germany’s

other major event of the year,

industry experts met in Frankfurt

for the Urban Leader Summit in

June 2013, which focused on real

estate fi nance and investment.

In Moscow, ULI Russia continued

its collaboration with the city

government on the Moscow Urban

Forum. The forum has quickly

established itself as an important

international event on city planning

and urban development, essential

for anyone interested in developing

or investing in the city. Having

presented the fi ndings of the

ULI Advisory Services panel on

Moscow at the inaugural forum in

2011, ULI continues to act as the

event’s main international partner

and is forging a strong working

partnership with the city.

In Asia, a number of ULI’s National

Councils were actively involved in

assessing the future requirements

of specifi c cities in the region,

resulting in a number of Ten

Principles reports.

ULI’s Singapore members

participated in two joint

workshops with the Centre for

Liveable Cities to examine how

innovative planning, design,

and development practices

that emphasize a people-fi rst

focus can help ensure that rapid

urbanization does not compromise

livability and sustainability. The

fi ndings of the workshops, which

drew upon Singapore’s successful

urbanization experiences, were

published as 10 Principles for

Liveable High-Density Cities:

Lessons from Singapore in

January 2013. It is hoped that

the fi ndings will positively affect

future development in Singapore

as well as act as a guide to rapidly

urbanizing cities across the region.

One such rapidly urbanizing city

is Manila, where ULI members

participated in interviews,

workshops, and focus-group

discussions with a wide variety

of stakeholders to establish

sustainable development options

for the city. A report released

in April 2013, Ten Principles for

Sustainable Development of Metro

Manila’s New Urban Core, offers

development recommendations

for how the city can be not

only attractive to businesses

and visitors, but also provide a

high-quality living environment for

residents.

In November 2013, ULI held

its inaugural Mainland China

Annual Meeting in Shanghai.

The half-day event, the fi rst

gathering of signifi cant size to

“ There is no more respected global urban and real estate thought leader than the Urban Land Institute.”

—Peter Verwer, Property Council of Australia (PCA) chief executive, on

agreeing on a strategic alliance with ULI.

be organized and funded solely

by ULI’s members in mainland

China, was attended by more than

120 participants. The meeting

included lively presentations on the

use of technological and design

innovations in Chinese real estate,

as well as the presentation of the

Emerging Trends in Real Estate

Asia Pacifi c 2013 report.

In December 2012, ULI Japan

held its 15th annual conference in

Tokyo, which included a range of

presentations on the prospects for

Japanese real estate. The closing

keynote address by Junichiro


Sigrid Duhamel, group corporate real estate director, Peugeot S.A., and chair of ULI France.


ULI U.K. Housing Study TourWith more than 650 members,

ULI United Kingdom is one of

the largest National Councils.

In 2011, ULI U.K. established a

number of Product Councils,

including the U.K. Residential

Council to examine solutions

to the country’s housing supply

and affordability crisis.

Chaired by Nick Jopling,

executive director at

Grainger plc, the council

specifically focused on the

lessons to be learned from

the established multifamily

market in the United States.

The two countries have similar

levels of homeownership,

but whereas the U.S. rental

market has professionally

managed portfolios backed by

institutional investment, the

U.K. market is dominated by

small-scale private landlords.

In late 2012, the U.K.

government established a

national task force focused on

supporting the development of

a larger-scale “private rented

“These study tours exemplify what I think is most valuable about ULI—it’s ability to be a ‘university without walls’ for its members. We were commissioned by the government’s PRS task force to develop a ULI best practice guide for build-to-rent in the U.K. This opportunity would not have come about without the impact generated by these tours and will allow us to share our learning with the entire residential sector.”—Nick Jopling, chair of the ULI U.K.

Residential Council

sector” (PRS) for the U.K.

residential market. ULI U.K.

decided to hold a study tour

to explore the established U.S.

multifamily housing industry

as a possible template for

how institutionally backed

private rental housing could

be delivered in the United

Kingdom.

The inaugural four-day tour

visited Washington, D.C.,

and Boston in April 2013.

Participants explored U.S.

private and public rental

housing, visiting a range of

affordable, market-rate, and

luxury rental developments,

as well as met privately with

federal and city officials,

leading developers, owner/

operators, architects, and

investors.

As a result of the tours, a group

of ULI U.K. Residential Council

members has been working

to develop Build-to-Rent—A

ULI UK Best Practice Guide for

the design, development, and

management of build-to-rent

homes in the United Kingdom.

Koizumi, the former prime minister

of Japan, looked at the path the

country should take next.

ULI’s expansion into Australia was

advanced with the signing of a

strategic alliance with the Property

Council of Australia (PCA), which

took place in front of 500 people

at Sydney Town Hall in October

2012. The alliance aims to boost

Australia’s access to international

thinking on urban and real estate

issues through ULI’s international

knowledge and networks.

C O U N C I L S | 2 1

C O U N C I L S

Participants in the ULI U.K. Housing Study Tour view a model of a multifamily housing development.


District Councils

ULI Los Angeles Helps Shape Great Streets InitiativeIn 2012, ULI Los Angeles

convened three TAP panels in

response to a request for advice

from the city of Los Angeles on

how to catalyze development

along several new transit corridors.

The members examined potential

opportunities along the transit lines

and reviewed possible incentives

that could accelerate investment,

then published their fi ndings in

the ULI LA 2013 Transit Corridors

Report.

Los Angeles Mayor Eric Garcetti,

as his fi rst executive order,

announced the establishment of

the Los Angeles Great Streets

initiative, which builds on fi ve of

the core recommendations made

by ULI. The project has helped

expand the city’s planning agenda

from individual transit stations to

a transformation of corridors to

achieve a truly transit-oriented Los

Angeles.

“ Our Great Streets initiative will build off of the work that [ULI has] accomplished and build off the recommendations of the Transit Corridors Report. I fi rmly believe that with this initiative we are taking another big step towards a fundamental change in how we perceive, interact, and build the environment around us.”

—Eric Garcetti, mayor of Los Angeles

ULI Boston Report Prompts Passage of Historic Transportation BillWith the help of a ULI Foundation

grant, ULI Boston’s Infrastructure

Council issued the Hub and Spoke

report in 2012, which underscored

the dire need to increase capacity

on the regional transit system.

The report’s fi ndings launched a

series of public discussions that

resulted in the governor’s signing

of a 2013 transportation bill

boosting funding for transit. ULI

Boston has since been asked by

the Massachusetts Department of

Transportation for advice on how

to increase development on its

land parcels.


Above: A ULI Los Angeles TAP panel site tour.

Right: Eric Garcetti, mayor of Los Angeles, who announced the establishment of the Great Streets initiative following the work undertaken by ULI Los Angeles.


“ The ULI report articulated problems the MBTA [Massachusetts Bay Transportation Authority] has focused on internally. If we want to grow the economy in the Greater Boston area, we’re going to need to have the corresponding transit capacity necessary to get people to where they’re going and where they work.”

—Jonathan R. Davis, general manager, MBTA

ULI Boston Report Prompts Passage of Historic Transportation BillWith the help of a ULI Foundation

grant, ULI Boston’s Infrastructure

Council issued the Hub and Spoke

report in 2012, which underscored

the dire need to increase capacity

on the regional transit system.

The report’s fi ndings launched a

series of public discussions that

resulted in the governor’s signing

of a 2013 transportation bill

boosting funding for transit. ULI

Boston has since been asked by

the Massachusetts Department of

Transportation for advice on how

to increase development on its

land parcels.

ULI Chicago Recommendation Leads to Land Bank Ordinance As part of a 2012 TAP panel, ULI

Chicago recommended that Cook

County establish a land bank as a

tool for managing the increasing

number of abandoned properties

in its region.

Three months after the TAP was

completed, the Cook County Board

of Commissioners unanimously

approved an ordinance to create

the Cook County Land Bank

Authority, one of the largest land

banks in the country. Cook County

used the TAP process to validate

the land bank concept and to

outline the governance, fi nancing,

and organization of how the Land

Bank Authority would function.

“ The ULI Chicago panel was incredibly important to us to establish the land bank. The land bank is a concept that most people are not familiar with. It’s new to Illinois and it’s new to this region, so having the Urban Land Institute was really important both as subject-matter experts and as a third-party validator. They brought a lot of deep expertise and they validated to a larger market that the land bank is something worth looking at.”

—Bridget Gainer, Cook County commissioner, 10th District

Cook County Land Bank TAPChicago, ILOctober 23-24, 2012

A TECHNICAL ASSISTANCE PANEL REPORT

C O U N C I L S | 2 3

C O U N C I L S

Left: Herman Brewer, bureau chief, Bureau of Economic Development, Cook County, Illinois.

Below: Cook County Land Bank TAP report.


District Councils


“ Building new residential options for adults with autism and related disorders that are inclusive, community based, and maximize independence is both a bold venture and logical next step for SARRC and First Place AZ. Thanks to ULI, its collection of AzTAP panels, consultations that date back more than a decade, and funding for the seminal Opening Doors report, plans are underway to break ground in 2014.”

—Denise D. Resnik, founder of First Place AZ, cofounder of SARRC, and editor of the ULI/SARRC/ASU

Opening Doors residential study

ULI Arizona Catalyzes Construction of Housing for Adults with AutismA decade-long program of

activities by ULI Arizona will result

in the construction of a cutting-

edge housing development for

adults with autism.

The project began in 2004,

when ULI Arizona conducted

a TAP panel for the Southwest

Autism Research & Resource

Center (SARRC). That panel was

followed by a series of workshops

and symposiums that used ULI

Arizona’s network to provide

multidisciplinary expertise on best

practices for residential housing

for autistic adults unable to live on

their own.

In 2009, ULI Arizona, SARRC,

and Arizona State University

collaborated on the Opening

Doors study. The study identifi ed

replicable residential products

that offer high-quality affordable

housing options within the fabric

of their communities and close

to jobs, as well as health and

recreational opportunities for

adults with autism.

The result of this body of work

will be the construction of a

housing development for adults

with autism on the SARRC

campus, incorporating the

recommendations made by ULI.

Work on the development will

begin in 2014.

ULI Arizona’s work catalyzed construction of housing for adults with autism.


Urban Innovation GrantsThe following 15 projects were

awarded Urban Innovation Grants

in the 2013 financial year, made

possible by the generous support

of the ULI Foundation Annual Fund.

ULI ArizonaReinvent Phoenix Anchor Institution ConveningULI Arizona’s ongoing

involvement with the Reinvent

Phoenix program united small

groups of decision makers

focused on community

revitalization and investment.

The ULI grant funded facilitated

forums that enabled the city of

Phoenix to gain an understanding

of its unique challenges and

identify opportunities to create a

more healthy and economically

strong city.

ULI BaltimoreImproved Methods to Achieve Infill and Urban DevelopmentsULI Baltimore facilitated

discussions that identified best

practices in infill and urban

development planning pertaining

to comprehensive rezoning and

private development entitlement.

ULI HoustonULI Making the Case for Urban Green SpaceULI Houston, in collaboration with

Texas A&M University, undertook

a Technical Assistance Program

panel report for the Houston

Bayou Greenway Initiative, a

long-term project focused on

bayou greenway and parks

improvements to enhance flood

control. ULI Houston has since

been asked by the mayor’s

office to present the proposed

recommendations.

ULI IdahoTreasure Valley Real Estate PartnershipBy convening 14 real estate

organizations, ULI Idaho spurred

industry action toward common

goals, including incentivizing

downtown and infill development.

ULI Idaho acted as the organizing

body for developing a vision,

hosting roundtable discussions,

providing research, and building

consensus on issues and solutions.

ULI Los AngelesPartnership for Transportation CorridorsIn partnership with the city, ULI Los

Angeles convened three Technical

Assistance Program panels to

assess how development could be

catalyzed along several new transit

corridors. As a result, Los Angeles

Mayor Eric Garcetti announced the

establishment of the Los Angeles

Great Streets initiative, which builds

on ULI’s recommendations.

ULI LouisianaImagine Downtown Lafayette CompetitionULI Louisiana and Creative

Action Acadiana, in partnership

with the Lafayette Consolidated

Government, launched an open

design competition to shape

dialogue surrounding future

creative and economic growth in

six downtown Lafayette sites. The

city has taken steps to integrate

the winners’ urban concepts into

future planning.

ULI MinnesotaGreater MSP AheadULI Minnesota facilitated a

metrowide convening that reached

consensus on seven regional

priorities to keep the region globally

competitive. As a result, three

jurisdictions have revised their

strategic plans to incorporate these

priorities, and a multi-sector task

force has been formed to follow up

on the recommendations.

ULI NashvilleRetrofitting Homes and Rebuilding Healthy CommunitiesULI Nashville initiated the Go

Green program over three years

ago as a collaborative residential

retrofit program for energy

efficiency. ULI Nashville covered

the cost of energy efficiency

improvements on two homes in

Chestnut Hill, a very-low-income

Nashville neighborhood.

ULI NorthwestGenerating a Thriving Economy for PortlandULI Northwest is convening

the business, real estate,

and economic development

communities of Portland to create

a roadmap for investment to

transform emerging businesses

into midmarket companies

supporting the long-term

economic health of the central

business district and burgeoning

neighborhood commercial centers.

ULI Orange County/ Inland EmpireMyPlace OCULI Orange County raised

awareness about the challenge

of retaining 18-to-35-year-olds in

the region, a demographic being

driven out by the limited access

to “creative professional” jobs.

Business/trade organizations, city

councils, and planning officials

are now addressing this issue due

to ULI’s campaign of interviews,

conferences, video, and the

website myplaceoc.com

ULI PhiladelphiaGlobal Positioning Strategy for World-Class Infrastructure in Greater Philadelphia As part of the World Class

Greater Philadelphia initiative, ULI

Philadelphia and the Economy

League of Greater Philadelphia

convened business executives,

civic leaders, and issue experts

to help create a global positioning

strategy for infrastructure.

ULI RichmondReality CheckULI Richmond hosted a Reality

Check program in May 2013

focusing on engaging diverse

regional leaders to build

consensus on providing housing

and jobs across the region. The

grant assisted ULI Richmond

with outreach to public officials,

community groups, and citizens.

ULI SacramentoTransforming Downtown Plaza: A Vision for Downtown SacramentoA ULI Sacramento Technical

Advisory Program panel,

consisting of representatives from

the public and private sectors,

recommended a new vision for

Sacramento’s Downtown Plaza,

once the center of retail, services,

and entertainment.

ULI San Diego/Tijuana Global Forum on the Culture of InnovationIn partnership with the Aspen

Institute, the Global Forum on the

Culture of Innovation encouraged

discussion among industry

sector leaders to consider San

Diego’s niche in the worldwide

marketplace and how to capitalize

on the city’s strengths to attract

talented people.

ULI SE Florida/ Caribbean Location and Economic Support for Rail Transit in Southeast FloridaSoutheast Florida is planning to

expand commuter transit in the

corridors connecting Miami and

northern Palm Beach County. ULI

Southeast Florida partnered with

the South Florida Transit Authority

to examine station locations and

financing mechanisms.

C O U N C I L S | 2 5

C O U N C I L S


ULI Product Councils

ULI’s Product Councils

are forums for industry

leaders to meet, exchange

ideas, share best practices,

and foster thought leadership

in their respective sectors of

the real estate market. Over the

past year, the Institute’s 2,750

council members worldwide

played a critical role in building

communities; developing and

redeveloping neighborhoods;

envisioning and re-creating

business districts; planning and

implementing industrial parks;

bringing residential, retirement,

and recreational spaces to life;

and designing mixed-use facilities

that are a part of the nation’s

sustainable urban and suburban

environments.

Two additional councils were

launched—the Redevelopment

and Reuse Council and the

University Development Council—

bringing the total number of

Product Councils in the United

States to 50.

The Redevelopment and

Reuse Council will focus on the

retrofi tting and adaptive use of

existing buildings, as well as the

redevelopment of brownfi eld and

greyfi eld sites. This has been a key

issue examined by ULI for many

years; however, the launch of a

specifi c Product Council refl ects

the ever-greater levels of expertise

required to undertake these

projects and the scale of the new

development opportunities being

created.

The University Development

Council was created to look at

land use and real estate practices

associated with the economic

activities and innovation at

universities and their surrounding

neighborhoods. The council will

look to capitalize on the signifi cant

existing knowledge and ongoing

business activities of ULI members

to leverage multiple resources,

attract and strategically combine

public and private capital and

partnerships, and revitalize

neighborhoods, cities, and regions

in a globally competitive context.

The ULI Foundation awarded two

grants for councils to undertake

research that was critical to their

real estate sector and that would

advance the Institute’s mission.

The Entertainment Development

Council and the Commercial and

Retail Development Council each

received a grant from the ULI

Foundation to research the 70

million–strong generation of U.S.

baby boomers and their interaction

with their grandchildren. Based on

the data elicited from surveys and

research, a white paper will make

recommendations on new real

estate products to serve

this market.

A ULI Foundation grant was also

made available for research into

community development and

seniors’ housing. The research,

led by ULI’s Terwilliger Center with

the involvement of more than 300

council members, will examine

how the built environment needs

to evolve to refl ect the changing

requirements of aging generations

and how communities can develop

organically to encompass multiple

generations.

The Institute’s fi ve pan-European

Product Councils, known as

European Councils, had another

active year with membership

continuing to grow to more than

140 members. Two Council Days

were held before the ULI Europe

Annual Conference in Paris in

February and the Real Estate

Trends Conference in London in

June. Key highlights of the Council

Days included Sir Edward Lister,

deputy mayor of London, speaking

to the Sustainable Development

Council, and the Retail and

Entertainment Council’s visit to La

Vallée retail outlet center in Paris,

which included a presentation

on the latest mobile payment

systems.

Plans to bring Product Councils

to the Asia Pacifi c region took

a big step forward with the

inaugural meeting of the Hospitality

Development Council ahead of

the ULI Asia Pacifi c Summit in

Shanghai.


“ Only at ULI do you really get a peer-to-peer value-add experience, sharing information with other members who are as passionate about their vocation as you are and taking back new ways to improve your own business.”

—William Aaron Conley, president, Third Act Solutions

Product Council meetings bring together small groups of industry leaders to exchange ideas and share best practices.


C O U N C I L S | 2 7

C O U N C I L S


Spring and Fall Meetings

Fall Meeting in DenverThe Fall Meeting, held in Denver

in October 2012, marked the

end of ULI’s 75th-anniversary

celebrations. With the theme

“What’s Next?” the event

examined the short- and long-term

challenges and opportunities

facing the real estate and land

use sectors.

Among the highlights was

former U.S. Senator Alan

Simpson (R-WY), cochair of the

National Commission on Fiscal

Responsibility, discussing ways

to reduce the federal defi cit.

Continuing the political theme,

the conference included a

debate between Robert Gibbs,

Democratic presidential campaign

senior adviser, and Republican

Party strategist Karl Rove only

three weeks before the 2012

presidential election.

As the U.S. real estate sector

continued its recovery, John

L. Bucksbaum, former chair of

retail developer General Growth

Properties (GGP), shared his

experiences and the lessons he

learned during the recession,

during which his fi rm fi led for

bankruptcy.

The rest of the program examined

such topics as transit infrastructure,

public/private partnership models

for development, use of hydraulic

fracturing (fracking) in oil and gas

production, and the impact of

generation Y on the future of

real estate.


Top: ULI Trustee Thomas W. Toomey, president and chief executive offi cer of UDR Inc., gives welcoming remarks as cochair of the 2012 ULI Fall Meeting in Denver. Above left: Robin Chase, founder and chief executive offi cer of Buzzcar and cofounder of Zipcar, was among the thought leaders who shared provocative insights into how to think differently about doing business.

Above right, left to right: Denver Mayor Michael B. Hancock and Alan Simpson, former U.S. senator and cochair of the National Commission on Fiscal Responsibility and Reform.


G L O B A L C O N V E N I N G S | 2 9

G L O B A L C O N V E N I N G S

Spring Meeting in San DiegoThe Spring Meeting, held in San

Diego in May 2013, attracted

record-breaking attendance of

nearly 3,700 people.

Key sessions included a

presentation by Geoff Colvin, a

longtime editor and columnist

for Fortune magazine and author

of bestseller Talent Is Overrated,

who outlined potential growth

strategies for businesses operating

in uncertain times.

Also, as a precursor for ULI’s

current Building Healthy Places

Initiative, the program included a

number of sessions on the impact

of the built environment on public

health. Richard J. Jackson, a

leading public health expert, spoke

about incorporating wellness

into planning; other sessions

examined how changing health

care delivery will affect land use.

In the closing session, former U.S.

Senator Kay Bailey Hutchison

(R-TX) drew on her two decades

of experience in the Senate to

provide insights into a range

of topics, including leadership,

political gridlock in Washington,

and the prospects for energy

independence.

Away from the conference

program itself, the highlight of the

event for many was a reception on

the USS Midway aircraft carrier—

undoubtedly one of ULI’s more

unusual networking venues.

The event also saw a raft of new

ULI research reports launched.

America in 2013, jointly produced

by the Terwilliger Center and

ULI’s Infrastructure Initiative,

examined the housing and

transportation preferences of

several generations—generation Y,

generation X, baby boomers, and

war babies/the silent generation.

Also looking at generational

preferences was Generation Y:

Shopping and Entertainment in

the Digital Age, which examined

the shopping tendencies of 18- to

35-year-olds.

“ ULI has always been the place where I can get the most relevant content that allows me to make my business more successful.”

—Stephen P. Navarro, president,

the Furman Company Chair, ULI Program Committee

“ ULI attracts the foremost players and thinkers in the business. The smartest people are in the room—every room! ULI’s Fall Meeting is the connective tissue of commercial real estate.”

—Christopher R. Ludeman, president, Brokerage & Capital Markets,

the Americas, CBRE

Top: Former U.S. Senator Kay Bailey Hutchison.

Above: The Women’s Leadership Initiative reception at the Spring Meeting in San Diego.


Europe and Asia Pacifi c Conferences


Top: Members discuss current real estate market conditions during the Members Summit at the ULI Europe Annual Conference.

Above: The Leadership Dinner at the ULI Europe Annual Conference.

“ ULI Europe’s Annual Conference has become an essential part of my real estate year. I like this interdisciplinary gathering that provides really high-quality content .”

—Roger Orf, Apollo Global Real Estate

ULI Europe Annual ConferenceThe 17th ULI Europe Annual

Conference in Paris, which took

place in February 2013, attracted

more than 500 industry leaders

from 24 different countries—the

highest attendance at the event

since the economic downturn

hit in 2008. The resurgence in

attendance refl ected the mood of

the conference, which was one of

cautious optimism as confi dence

began to return to the European

real estate sector.

The annual Leadership Dinner

opened with a speech by Christian

Sautter, deputy mayor of Paris,

on the city’s continuing growth

and development. The keynote

address by Fred Swaniker, chief

executive of the African Leadership

Academy, on the real estate

prospects in Africa provided many

attendees with a new perspective

on the continent.

The conference itself tackled

a broad range of issues

from macroeconomics, real

estate fi nance, and residential

investment to recycling of old

buildings, occupier outlooks,

and city leaders’ perspective on

development.

A lively debate on the global

economy—among Andrea Boltho

of the University of Oxford, Jean

Michel-Six of Standard & Poor’s,

and Arthur Segal of the Harvard

Business School—was one of the

most popular sessions, reinforcing

acknowledgment of the impact of

globalization on capital availability,

economic growth, and prospects

for national economies.

Among the newsmakers at the

conference were Thomas Garbutt,

head of global real estate for

TIAA-CREF, who announced the

U.S. company’s plans to enter

the European debt market, and

Olivier Piani, chief executive of

Allianz Real Estate, who discussed

the likelihood of the company

expanding its lending operations

in Europe.


ULI Asia Pacific SummitThe second ULI Asia Pacific

Summit, which took place in

June 2013 in Shanghai, was

attended by about 400 real estate

professionals from across the

region. The summit’s keynote

opening address was delivered

by C.Y. Leung, chief executive

and president of the Executive

Council of the Hong Kong Special

Administrative Region and a

founding chairman of ULI Asia

Pacific.

The summit program tackled

a broad range of issues,

including generation Y’s impact

on real estate, building healthy

communities in Asia, niche

investment strategies, and

revitalizing Asia’s waterfronts.

Two sessions particularly captured

the audience’s imagination.

One—a fascinating discussion

among Vincent Lo, chairman of

Shui On Group; Thai-Ker Liu,

founding chairman of the Centre

for Liveable Cities; and Larry

Silverstein, president and CEO

of Silverstein Properties—looked

at the impact of complexity on

projects in New York, Singapore,

and Shanghai. The other, a wide-

ranging conversation between

Wang Shi, chairman and founder

of China Vanke, and Rob Speyer,

president and co-CEO of Tishman

Speyer, covered such topics as

housing and sustainability, as

well as their first partnership on a

development in San Francisco.

Mainland China Real Estate

Markets 2013: ULI Analysis of

City Investment Prospects was

also launched at the summit. This,

the third edition of the survey-

based report, evaluates real estate

investment and development

prospects across 36 of the largest

cities in China.

Also at the summit, a new

partnership between ULI and the

C40 Cities Climate Leadership

Group was announced. The global

partnership, which will see the

organizations working together to

encourage energy conservation

and reduction of carbon emissions

from existing buildings, was

announced by Yan Peng, C40’s

East Asia regional director, and ULI

CEO Patrick Phillips.

G L O B A L C O N V E N I N G S | 3 1

G L O B A L C O N V E N I N G S

“ Through the summit, we discussed, dissected, and developed a number of important insights, which will contribute to our goal of supporting thriving and sustainable communities.”

—Raymond Chow, executive director, Hongkong Land Ltd.

Above: Wang Shi, chairman and founder of China Vanke, addresses the ULI Asia Pacific Summit in Shanghai.

Left: Thai-Ker Liu, founding chairman of the Centre for Liveable Cities, and Larry Silverstein, president and CEO of Silverstein Properties, at the ULI Asia Pacific Summit.



T he Rose Center for

Public Leadership was

established in 2008 with a

$5 million grant from Daniel Rose,

chairman of New York City–based

developer Rose Associates. The

Rose Center acts as ULI’s nexus

between the public and private

sectors, aiming to provide public

offi cials with access to information,

best practices, peer networks, and

other resources to foster creative,

practical, and sustainable land use

policies.

Throughout the past year, the

Rose Center has progressed

in its mission through a range

of activities, including program

streams at ULI’s Spring and Fall

meetings, study tours, forums,

webinars, and the Daniel Rose

Fellowship.

Launched in 2009, the Daniel

Rose Fellowship is a program that

assists four large U.S. cities each

year. It is designed to provide key

public offi cials with leadership

training and professional

development opportunities, as well

as provide the city with technical

assistance on a specifi c local

land use challenge. The mayor

of each selected city nominates

three participants responsible for

making land use decisions at a

city department or public agency

to act as fellows. The mayors also

identify a local land use challenge

for which they receive technical

assistance from a team of experts

assembled by ULI.

For 2012–2013, the cities selected

for the fellowship program

were Austin, Texas; Hartford,

Connecticut; Louisville, Kentucky;

and Tacoma, Washington. The

cities and their fellows received a

year of intensive support from both

the Rose Center and each other,

including study visits to each of

the four cities; a study tour to San

Juan, Puerto Rico, in December

2012; and a working retreat in

Philadelphia in April 2013.

The San Juan tour saw the

Rose Center fellows, including

Hartford Mayor Pedro Segarra

and Louisville Mayor Greg Fischer,

travel across the city by foot, train,

bus, and boat to study examples

of challenging historic preservation

projects, transit-oriented

development, cultural tourism, and

economic development, as well as

the effect of divisive local politics

on planning and development.

The fellows also met with former

government leaders, including

former governor and former San

Juan mayor Sila Mariá Calderón

Serra, private sector leaders

including Chamber of Commerce

president Pablo Figueroa, and

members of Puerto Rico’s

association of architects.

In addition, the Rose Center

organized a number of forums

throughout the year. The Rose

Center Mayors’ Forum, held during

the Fall Meeting in Denver in

October 2012, attracted more than

150 people to discuss the role of

public/private partnerships (PPPs)

in city building. The forum included

two cross-sector panel discussions

focused on how PPPs represent

the nexus between the public

sector’s needs and the private

sector’s goals.

The Charles H. Shaw Forum

on Urban Community Issues,

held in Chicago in June 2013,

gathered 25 urban development

experts to examine the correlation

between school performance

and the prosperity of urban

neighborhoods. Participants

examined creative ways in

which school districts, private

developers, charter schools,

cities, and other institutions have

addressed this issue and achieved

various levels of success.

The Rose Center also continued

its program of webinars for ULI’s

public offi cial members. Five

webinars were held during the year

on topics ranging from preserving

and repurposing industrial land

for economic development to

developing integrative public

health and transportation plans.

The webinars attracted more than

300 individual participants; 30

attended multiple sessions.

Top right: Rose Center Advisory Board member Antonio Fiol-Silva leads a 2012–2013 Rose Fellowship retreat tour of the Paseo Verde construction site in Philadelphia in April 2013.

Right: Joe Rose, chair of the Rose Center Advisory Board.

Far right: From left to right, Mayor Marilyn Strickland, Tacoma, Washington; Mayor R.T. Rybak, Minneapolis, Minnesota; Julia Stasch, vice president of U.S. programs, John D. and Catherine T. MacArthur Foundation; Mayor Greg Fischer, Louisville, Kentucky; and Mayor Pedro Segarra, Hartford, Connecticut.

Rose Center for Public Leadership


S H A P I N G C I T I E S A N D R E G I O N S

S H A P I N G C I T I E S A N D R E G I O N S | 3 3

Austin, Texas, was one of four U.S. cities chosen for the Daniel Rose Fellowship program in 2012– 2013. The others include Hartford, Connecticut; Louisville, Kentucky; and Tacoma, Washington.


Terwilliger Center for Housing

Established in 2007 with a

generous donation from

former ULI Chairman J.

Ronald Terwilliger, the Terwilliger

Center for Housing aims to

facilitate the creation of a full

spectrum of housing opportunities,

including affordable and workforce

housing, in communities across

the United States.

The Terwilliger Center shapes

current thinking on U.S. housing

policy and practice through the

publication of research reports, the

hosting of events and webinars,

and presentation of a busy

schedule of speaker engagements

and two awards programs.

The Center released a number

of infl uential reports last year,

including Housing in America: The

Baby Boomers Turn 65. Launched

at the Fall Meeting, the report

examines the housing market

changes that will occur as the

baby boomers turn 65, and as

the silent generation (age 67 to

85) and the Greatest Generation

(age 85 and older) make housing

choices for their later years.

Another research project focusing

on demographic trends was

America in 2013, which was

launched at the Spring Meeting

in San Diego and examined the

views of more than 1,200 people

on housing, transportation,

and community. The survey,

produced in partnership with ULI’s

Infrastructure Initiative, examined

the role growing demographic

groups such as generation Y will

play in reshaping urban growth

patterns by spurring more

development of compact, mixed-

use communities with diverse

housing choices and reliable,

convenient transit service.

The Terwilliger Center continued

to acknowledge exemplary

achievements in housing practices

through its two annual awards

programs—the Jack Kemp

Workforce Housing Models of

Excellence Awards and the Robert

C. Larson Workforce Housing

Public Policy Awards.

The Kemp Award winners

were the Century Building in

Pittsburgh, Via Verde in New York

City, and Rhode Island Row in

Washington, D.C. Receiving the

Larson Awards were the New

York City Department of Housing

Preservation and Development’s

New Housing Marketplace Plan

and the New Jersey Housing

and Mortgage Finance Agency’s

CHOICES in Homeownership

Program.

In addition to programs at the

Fall and Spring meetings, the

Terwilliger Center also presented

a range of speaker engagements

across the United States,

held a series of member-only

webinars, and hosted the Housing

Opportunity 2013 conference in

Seattle during March.


“ I’ve tried to demonstrate my belief that hope begins with access to a decent, affordable home. I want to help ensure a leveraged, sustained impact beyond my lifetime and inspire others to make the commitment to support affordable housing.”

—Ron Terwilliger,chair, ULI Terwilliger Center

for Housing


Housing in MassachusettsMassachusetts faces a serious

housing shortage for middle-

income individuals and families

that is becoming a hurdle to

attracting and retaining the best

workers. The challenges faced

by the state were exemplifi ed

in two key reports published by

the Terwilliger Center in 2010.

Priced Out: Persistence of the

Workforce Housing Gap in the

Boston Metro Area and The

Boston Regional Challenge

highlighted the metro Boston

area’s housing shortage and the

compound burden of housing

and transportation costs on

working families.

In many ways, the foundation of

an economically healthy state

is the home—an idea that was

crystallized for state housing

offi cials by their work with the

Terwilliger Center for Housing.

“While we had thought about

it that way before, many of

the ideas were incubated

in the reports we read and

people we worked with from

the Terwilliger Center and its

events,” says Arthur Jemison,

deputy undersecretary of the

Massachusetts Department

of Housing and Community

Development.

In July 2012, Terwilliger Center

Executive Director Lynn Ross

joined a team of experts for an

intensive two-day workshop

with Governor Deval Patrick’s

administration to identify

policies and tools to meet the

state’s housing needs. Based on

the panel’s recommendations,

Patrick announced just months

later that he was adopting

an annual statewide goal of

producing 10,000 multifamily

units—a fi rst-of-its-kind

commitment.

Massachusetts is aggressively

retooling some of its housing

policies, and offi cials are

trying to spur development in

areas around Boston already

connected to public transit.

“We have been working on that

problem,” Jemison says. “One

of the ways we’re doing it is

directing growth in a way that’s

smarter.”

Ensuring plenty of workforce

housing options that are

attractive to young professionals

is at the heart of the state’s

economic development strategy,

according to Jemison. “We can’t

be competitive without a highly

educated workforce, but that

workforce will not stay here if

it’s too expensive and if they

can get the same quality of life

elsewhere,” he says. “We need

to not only be aggressive in

attracting businesses that are

going to grow our economy, but

we need to be able to create the

housing that workforce would

choose.”



Below: America in 2013 examined the views of more than 1,200 people on housing.

Bottom: Lisa Alberghini, president of the Planning Offi ce of Urban Affairs in Boston, speaking at the Housing Opportunity 2013 Conference in Seattle.



The Thames Barrier, London’s flood defense system.


ULI is increasingly focused

on the nexus of land use,

energy, climate change,

and real estate. The Institute drives

its research and impact in the

sustainability arena through two

programs—the Greenprint Center

for Building Performance, and the

Climate, Land Use, and Energy

(CLUE) Initiative.

Greenprint CenterEstablished in 2009, Greenprint

is a worldwide alliance of leading

real estate owners, investors, and

fi nancial institutions committed

to improving the environmental

performance of the real estate

industry, with a focus on energy

consumption, carbon emissions,

water usage, and waste diversion.

The center has grown to include

31 members and affi liated partners

worldwide, including some of the

top names in global real estate,

holding properties in 43 countries.

Greenprint’s objective is to reduce

overall building emissions across

its members’ property portfolios

by 50 percent before 2030, driving

change through performance

benchmarks, and providing

education. The center measures

member performance against a

2009 baseline and produces the

annual Greenprint Performance

Report™ to demonstrate progress.

Volume 4 of the Greenprint

Performance Report™, released

last year, included the performance

of 3,232 buildings owned by

members during 2012–2013.

Performance results showed a 3.2

percent year-on-year reduction

in energy consumption and a

3.4 percent decline in carbon

dioxide emissions. The reduction

in CO2 emissions equates to

nearly 268,400 barrels of oil not

consumed, 24,044 cars taken off

the road, or more than 2.9 million

trees planted over the previous 12

months.

Greenprint’s steadily growing

membership means that this

year’s report included 20 percent

more properties than the previous

year’s, resulting in a 15 percent

increase in fl oor area covered by

the survey. The report has now

grown to include more than 75

million square meters (807 million

square feet) of offi ce, residential/

multifamily housing, industrial, and

retail space. This represents more

than �450 billion (US$595 billion) of

real estate assets covering a wide

variety of building ages and sizes.

CLUEThe CLUE Initiative is a broad,

interdisciplinary dialogue that

explores how issues related

to climate change and energy

use are affecting real estate

practices and reshaping urban

environments. The initiative

combines member forums with the

publication of reports to provide

knowledge and encourage debate

on the signifi cant challenges the

world faces.

One highlight of the CLUE Initiative

this year was the “Resilience and

Risk in Coastal Regions” forum,

held in conjunction with ULI’s

midwinter meeting in Washington,

D.C., in January 2013. The two-

day event gathered representatives

from federal and local government,

real estate investors, property

owners, and leading members

of the insurance and reinsurance

industries to examine how climate

change will affect future coastal

development.

The forum focused on the ways

in which extreme weather events

such as hurricanes, tornadoes,

fl oods, and storm surges, as well

as signifi cantly higher sea levels, will

affect decisions on what is built and

rebuilt, where and how it is built,

and how it is insured and fi nanced.

In February 2013, ULI’s CLUE

initiative partnered with the Asia

Society to organize the Pacifi c

Cities Sustainability Initiative (PCSI)

annual forum in Hong Kong. Titled

“Tomorrow’s City Today,” the

event examined the economic,

environmental, and social impacts

of urbanization in Asia and North

America through a series of

expert-level workshops.

In March 2013, CLUE held a forum

in Houston titled “Technology and

Real Estate: The New Calculus,”

which explored how a host of

new technologies and technology

companies can create value and

place products in the commercial

real estate marketplace through

new value propositions and

business models.

Through the CLUE Initiative, ULI

also established a partnership with

the C40 Cities Climate Leadership

Group, a network of large and

engaged cities from around the

world committed to implementing

meaningful and sustainable

climate-related actions locally that

will help address climate change

globally.

Announced in June 2013, the

partnership will look to forge

better connections between public

sector offi cials and private building

owners in C40 cities that are

actively engaged in reducing the

energy consumption and carbon

emissions of buildings.


nearly 268,400 barrels of oil not

consumed, 24,044 cars taken off

the road, or more than 2.9 million

trees planted over the previous 12

months.

ULI is increasingly focused

on the nexus of land use,

energy, climate change,


its research and impact in the

B U I L D I N G S U S T A I N A B L Y

B U I L D I N G S U S TA I N A B LY | 3 7

Greenprint Center and CLUE

Over the past two years, Greenprint members have cut CO2 emissions by the equivalent of over 1,325,000 barrels of oil.

VOLUME 4, 2012

4 Greenprint Performance Report™

Greenprint_PerformanceReport_Vol4_2013_8-19FINAL.indd 1 8/27/13 9:59 AM

Yan Peng, C40 East Asia regional director, and ULI CEO Patrick Phillips at the announcement of the partnership between ULI and C40 in Shanghai.



The ULI Infrastructure

Initiative aims to promote

more environmentally

and economically sustainable

infrastructure investment choices

and to foster an improved

understanding of the links between

infrastructure and land use.

Through publications, forums, and

other activities, the initiative uses

ULI’s extensive public and private

networks to exercise leadership on

infrastructure.

In partnership with Ernst & Young,

ULI publishes an annual review of

global infrastructure trends that

has established itself as a leading

report in the sector. The seventh

edition, Infrastructure 2013: Global

Priorities, Global Insights, was

launched at the Spring Meeting

in San Diego, followed shortly in

June 2013 by additional outreach

at the ULI Asia Pacifi c Summit in

Shanghai and presentations at the

ULI Real Estate Trends Conference

in London. A panel discussion

in New York City combined with

additional district council events

across the United States meant

that about 2,700 ULI members

worldwide were directly engaged

with the report.

ULI’s infrastructure efforts do

not just focus on global trends,

but also tackle issues at a more

local level. With support from

the Rockefeller Foundation, ULI

in December 2012 published

Shifting Suburbs: Reinventing

Infrastructure for Compact

Development. The report

examined how eight suburban

redevelopment projects tackled

infrastructure challenges, from

planning through to funding

and fi nancing, examining both

winning strategies and hurdles

to development that had to be

overcome. The lessons from

the report formed the basis for

a program of ULI district council

events that engaged more than

1,200 members across the United

States.

Also with support from the

Rockefeller Foundation, ULI

produced When the Road Price

Is Right: Land Use, Tolls, and

Congestion Pricing, a report on

the potential impact on land use

practices of the movement toward

tolling and road pricing across

the United States. The report,

which drew on two workshops

that convened experts on the

topic in Washington, D.C., and

San Francisco, during summer

2012, included fi ve highways as

practical case studies. The report

concluded that new approaches

to funding could support

development in compact, mixed-

use nodes if land use and transit

are carefully coordinated with

these investments.

Rockefeller Foundation funding

also supported ULI’s work on U.S.

federal transportation policy, in

which the organization engaged

ULI Infrastructure Initiative

and educated members on the

topic, and identifi ed opportunities

for the federal transportation

program to better support

the market shift toward more

compact, transit-oriented, and

mixed-use communities.

The Infrastructure Initiative partners

with other centers within ULI to

advance understanding of the

intersection between infrastructure

and other elements of the built

environment. “America in 2013: A

ULI Survey of Views on Housing,

Transportation, and Community,”

which was undertaken jointly with

the Terwilliger Center for Housing,

examined what Americans want

and expect from the places

where they live. The research,

which included a nationally

representative survey of more than

1,200 adults, established that

demand for mixed-use, compact

development is strong and that the

appeal of compact development

crosses generations. The fi ndings

of this report were published

and presented at ULI’s Spring

Meeting in San Diego, received

solid media attention from news

outlets including the Wall Street

Journal and other publications,

and were widely shared via

speaking engagements with ULI

networks and external partners

and organizations.

Waterloo Station in London.




URBAN LAND INSTITUTE1025 Thomas Jefferson Street, NWSuite 500 WestWashington, DC 20007-5201

ISBN: 978-0-87420-264-9

Infrastructure 2013: Global Priorities, Global Insights is the

seventh in a series of global annual reports assessing the state

of infrastructure globally and connecting strong infrastructure

investment decisions to national and metropolitan prosperity.

Infrastructure 2013 includes:

■■ Up-to-date information on the latest infrastructure

investment trends, challenges, and innovations;

■■ Coverage of the Asia Pacific region, Europe/Middle East/

Africa, and the Americas;

■■ Informative charts and graphs;

■■ Highlights of transformative infrastructure investments from

around the world; and

■■ Quotes and other insights from the infrastructure field’s

leading experts and thinkers.

Produced by the Urban Land Institute and Ernst & Young,

Infrastructure 2013 pinpoints the trends, policies, and issues

shaping infrastructure in 2013 and beyond.

Based on interviews with infrastructure experts, up-to-date

research and analysis, and other sources, the report is full of

essential information and insights for any infrastructure or land

use professional.

Infrastructure2013

Global Priorities, Global Insights

I S B N 978-0-87420-264-9

9 7 8 0 8 7 4 2 0 2 6 4 9

5 0 9 9 5

INFR

AS

TRU

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UR

E 2013: G

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AL P

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IR-2013_Cover-Spine.indd 1 4/29/13 12:28 PM

Delivering a clean water supply remains a key infrastructure challenge in many countries.




Above, left to right: Kok Huat Goh, president of GIC Real Estate; Olivier Piani, chief executive of Allianz Real Estate; Simon Treacy, group chief executive of MGPA; and Thomas Garbutt, head of global real estate at TIAA-CREF, discuss global capital flows at the ULI Europe Annual Conference.

Right: Van Stults, managing director at Orion Capital Managers, at the ULI Transatlantic Capital Markets Forum.



C O N N E C T I N G C A P I TA L A N D T H E B U I LT E N V I R O N M E N T | 4 1

T he Capital Markets

Center aims to inform and

educate ULI’s members

regarding the intersection of real

estate fi nance and capital markets

and address their interests in

wider economic and property

sector trends.

The Capital Markets Center once

again published its renowned

series of Emerging Trends in Real

Estate® reports in partnership

with PwC. The three reports,

covering the Americas, the Asia

Pacifi c region, and Europe, were

released between October 2012

and January 2013 and captured

the key anticipated real estate

developments for the year ahead.

The reports were presented by

PwC partners and ULI’s fellows

and staff at 65 events around the

world, directly reaching nearly

10,000 people.

The reports have established

a wider reputation as a trusted

source on the outlook for

real estate investment and

development trends. As a result,

they were cited in more than

450 articles worldwide, including

mainstream media outlets such as

the New York Times, Wall Street

Journal, Reuters, South China

Morning Post, CNBC, and CNN.

In the United States, the Capital

Markets Center has established

the ULI/Ernst & Young “Real Estate

Consensus Forecast,” which is a

twice-yearly survey of 50 leading

economists. The forecast, which

provides quantitative outlooks

on 27 indicators covering

the economy and real estate

market conditions, now regularly

attracts 350 members to the

corresponding webinar.

The Capital Markets Center also

brings members together face-to-

face at meetings and forums. The

annual ULI McCoy Symposium on

Real Estate Finance took place in

New York City in December 2012,

assembling 40 leaders in the

world of real estate fi nance and

investment to discuss and explore

key trends and issues affecting

real estate capital markets.

In Europe, ULI published its

second Have Property Funds

Performed? report, which

analyzed the returns provided by

real estate funds over the previous

decade. The report was launched

at Barcelona Meeting Point in

October 2012 and sparked

numerous articles in real estate

investment publications.

The Transatlantic Capital Markets

Forum, held in Paris in June

2013, brought together 30

leading real estate capital markets

professionals from both sides of

the Atlantic. The event explored

the availability of debt and equity,

as well as the outlook for real

estate markets in both Europe and

the United States.

In Asia, Mainland China Real

Estate Markets: Analysis of

City Investment Prospects

was released in June 2013 at

the ULI Asia Pacifi c Summit in

Shanghai. Now in its third year,

the report focuses on real estate

development and investment

prospects in 36 of the largest

cities in Mainland China. A joint

effort between the Capital Markets

Center and ULI Asia, it draws from

an annual survey of and interviews

with industry experts who are

active in Mainland China and

based in Mainland China or

Hong Kong.

The Capital Markets Center also

brings members together face-to-

face at meetings and forums. The

annual ULI McCoy Symposium on

Real Estate Finance took place in

T he Capital Markets

Center aims to inform and

educate ULI’s members

regarding the intersection of real

estate fi nance and capital markets

ULI Center for Capital Markets and Real Estate

EmergingTrends inReal Estate®

Europe2013

ULI Life Trustee Bowen H. (Buzz) McCoy, who generously endowed the ULI McCoy Symposium.

The Emerging Trends reports were presented to nearly 10,000 people at 65 events around the world.


ULI’s Advisory Services

panels provide strategic

advice and practical

solutions to communities facing

urban development challenges.

From citywide master plans to

individual sites, the panels bring

together the best and brightest

from ULI’s diverse membership to

offer candid and impartial advice.

Panels consist of industry

leaders from a broad range of

backgrounds and disciplines

including developers, planners,

funders, market analysts,

economists, architects, and

public offi cials, who all volunteer

their time and expertise. The

panel spends up to a week on

site interviewing stakeholders,

exploring options, and debating

potential solutions before making

its fi nal recommendations.

Boston South Bay DistrictBoston’s South Bay district

sits at an industrial crossroads,

occupying a slice of land between

the city’s two major interstate

highways.

In the early 2000s, a major

infrastructure project known as

the Big Dig rerouted a portion of

Interstate 93 into an underground

tunnel. As a result, ten new parcels

of land opened up in South Bay,

but their development was stalled

by the 2008 recession.

Fast-forward to 2013 and a

brighter economic outlook, and

Boston’s leaders felt the time

was right to establish South Bay

as a vibrant mixed-use district.

However, they needed guidance

about how to proceed, so

ULI has undertaken over 600

Advisory Services panels around

the world since their inception in

1947 and delivered 11 panels in

the 2012–2013 fi nancial year:

■ Arusha, Tanzania

■ Budapest, Hungary

■ Buffalo, New York

■ Clark International Airport

and Special Economic Zone,

Philippines

■ Healthy community panels

• Arvada, Colorado

• Lamar, Colorado

• Westwood, Denver,

Colorado

■ Manatee County, Florida

■ Niagara Falls, New York

■ South Bay, Boston,

Massachusetts

■ University of California,

Merced, California

Advisory Services Panels

An Advisory Services Special Report22 23Barcelona, 1999

mixed-use, sustainable development project that aimed

to complete the urban beachfront regeneration begun in

1987 for the 1992 Summer Olympic Games.

The sponsors charged the panel with evaluating proposed

convention center plans for the site, as well as the city’s

convention and congress market. Barcelona already had

one convention center, the Fira de Barcelona; was there

enough market demand for another? And if the answer

to that question was “yes,” how should the Diagonal Mar

site be master planned to develop a successful convention

center there? At the same time, Barcelona was prepar-

ing to host the proposed World Forum of Cultures (Forum

2004) and wanted to know if the proposed new convention

center should be built as a venue for that event.

“Local parties had combined the two issues, seeking to

build a new convention center for Forum 2004 without

considering the center’s longer-term use and focusing

only on the needs of Forum 2004 in thinking about the

convention center design,” recalls De Francia. “One of our

most important conclusions was that these were separate

questions; each needed to be assessed independently.”

The panel agreed with Hines and the city that the Diagonal

Mar site, though constrained, was an appropriate one for

the proposed convention center, and presented recom-

mendations to assist the city in moving ahead with building

a marketable convention center there. The panel offered

guidelines regarding the sizes and locations of various ele-

ments (including how many hotel rooms would be needed

and where they should be located), provided advice on

how to incorporate technology, and suggested preemp-

tive planning to mitigate adverse urban impacts such as

noise and traffic. Overall, the panel’s report stressed that

Barcelona: New Convention Center Expands Meetings Market—1999

president of Lowe Enterprises Community Development

Inc., to look at a parcel of land slated for public use that

was part of Hines’s Diagonal Mar, a 34-hectare (84 acre)

Picture a modern, expansive convention center set in Barcelona’s Diagonal Mar

seafront esplanade and near 22@, the city’s new business and technological

district, surrounded by nearly 5,000 hotel rooms and a complete public transport

network. The Centre de Convencions Internacional de Barcelona, which opened in

2004, has helped transform Barcelona into the number-three city for association

meetings worldwide (after Vienna and Paris). Its successful development—which

has spurred significant additional development in the surrounding area—can be

traced back to a 1999 ULI Advisory Services panel that was asked to evaluate the

city’s proposed plan for a new convention center on the Diagonal Mar site, as well

as Barcelona’s convention and congress market and the proposed World Forum of

Cultures.

Hines and the city of Barcelona cosponsored the Advisory

Services panel that visited Barcelona in November 1999.

They asked the panel, chaired by James De Francia,

ASImpact2013.indd 22-23 2/26/14 1:29 PM



they enlisted the help of a ULI

Governors Advisory Panel.

Governors Advisory Panels

(GAPs) are a special subset of

the Institute’s Advisory Services

program, funded through a

generous gift from ULI Foundation

Governor John Hagestad. As

Hagestad explains, the ULI

Foundation Governors “have a

tremendous knowledge base

in their areas of expertise; I

would say there is no finer

body of knowledge and that it’s

unmatched throughout the world.”

In the case of Boston, city leaders

felt a sense of urgency about the

South Bay planning area. As the

Governors toured South Bay,

they recognized that the site held

enormous potential, especially

with Tufts Medical Center in the

neighborhood. The panelists

suggested scaling back proposals

for intensive development and

focusing on creating better

connectivity between the parcels,

a more creative use of open

spaces, and partnerships to

bolster existing residential and

retail developments on the site.

“We made some very solid

recommendations and saved

[Boston] a whole lot of agony going

forward,” says panel chairman

Smedes York of York Properties

Inc. “Whether they agree with it or

not, it’s totally up to them. The idea

is that we have the credibility and

it’s what we really believed.”

A D V I S I N G C O M M U N I T I E S I N N E E D

A D V I S I N G C O M M U N I T I E S I N N E E D | 4 3

“ [ULI Governors] have a tremendous knowledge base in their areas of expertise; I would say there is no finer body of knowledge and that it’s unmatched throughout the world.”

—John S. Hagestad, managing director, Sares Regis Group, and ULI Governor


Headline

Budapest, HungaryBudapest is a city of significant

size and importance—it

is Europe’s seventh most

populous city and the largest

in eastern Europe. Despite

the city’s rich endowment of

culture and creative assets

and urban design, the recent

global and European economic

challenges have exposed the

city’s lack of competitiveness and

demonstrated that it has limited

access to new growth sectors and

investment. The city has not kept

pace with other central European

rivals and there is no obvious

source of future growth in the

absence of a new, dedicated and

proactive strategy.

Conversely, the new focus from

the E.U. and World Bank on

the Danube as a strategic level

for intervention, the provision

of urban investment capital

within the EU budgets, and the

growth of Budapest’s population

provide opportunities for a new

strategic framework for the city’s

development.

Sandor Finta, the chief architect for the municipality of Budapest, briefs the ULI Advisory Services panel on the challenges facing Budapest.

In June 2013, a two-day

panel, made possible by a ULI

Foundation Urban Innovation

Fund (UIF) grant, was undertaken

at the invitation of the city of

Budapest. The panel, led by ULI

Europe’s chief executive, Joe

Montgomery, and senior visiting

fellow, Professor Greg Clark, also

included Paolo Verri from the

Urban Centre in Turin, Italy, and

Dr. Eugen Antolovsky, director of

EuropaForum, based in Vienna,

Austria.

The panel examined the

potential for Budapest over

the next decade, including

the consequences of failing to

optimize opportunities, how the

public and private sectors should

collaborate to realize the potential,

and how the city should be

positioned and branded.

The Clark Special Economic Zone (CSEZ)Clark International Airport and

Special Economic Zone, located

on Luzon Island in the Philippines,

is located approximately 40 miles

northwest of metro Manila. The

base, which was vacated by the

U.S. Defense Department in 1991,

later served as an international

airport and as a facility for the

Philippine Air Force. It covers

14 square miles, much of which

contains underused or obsolete

space.

The Base Conversion and

Development Authority (BCDA)

of the Philippines commissioned

a ULI Advisory Services panel,

which visited the area on a five-

day assignment in January 2013.

The panel toured the facility and

conducted numerous stakeholder

interviews, including a meeting

with Philippine Secretary of

National Defense Voltaire Tuvera

Gazmin.

The panel concluded that the

redevelopment of the former Clark

Air Base in the Philippines, now

the Clark International Airport and

Special Economic Zone, had the

potential to provide significant

economic benefits as a thriving

aerotropolis serving the entire

region.

Among the panel’s recommen-

dations for the redevelopment

were the establishment of a new

world-class airport facility to serve

as the gateway to the Philippines,

improved transport access to the

airport, and development of the

surrounding districts to create

housing, commercial, and industri-

al uses, as well as educational,

recreational, and tourist facilities.

“The panel was well received

at the highest levels of the

Philippines’ defense department

and other government agencies.

Our meeting with the secretary



and his senior aides allowed the

panel to thoroughly understand

the interests of the defense

establishment with regard to the

redevelopment of Clark,” said ULI

leader James DeFrancia, chairman

of the Advisory Services panel and

principal of Lowe Enterprises, Inc.

in Aspen, Colorado.

A D V I S I N G C O M M U N I T I E S I N N E E D

A D V I S I N G C O M M U N I T I E S I N N E E D | 4 5

Advisory Services panel site tour to the Clark Special Economic Zone (CSEZ) in the Philippines.



Above and facing page: Peter Walker leads a tour of the National September 11 Memorial in New York City.

Right: Amanda M. Burden, 2009 J.C. Nichols Prize Laureate and then New York City Department of City Planning commissioner, presented Peter Walker with the ULI J.C. Nichols Prize for Visionaries in Urban Development. Burden was the fi rst donor for the prize, which was supported by MetLife Foundation and the Kresge Foundation in FY2013.

Left: One World Trade Center—also known as the Freedom Tower—is the main building of the new World Trade Center complex, which is also the location of the Peter Walker–designed September 11 Memorial.


Awards

In addition to that memorial,

Walker and his California fi rm PWP

Landscape Architecture have

designed prominent landscapes

for clients around the world,

including the Nasher Sculpture

Center in Dallas, Sony Center in

Berlin, and Millennium Parklands

in Sydney.

Through his academic positions

leading the landscape architecture

departments at Harvard University

and the University of California at

Berkeley, Walker has infl uenced

generations of landscape architects

and brought a heightened sense of

professionalism and distinction to

the fi eld.

John Bucksbaum, chairman of

the Nichols Prize jury, believes

Walker’s landscapes create

memories, community, and

personal experience as much as

they evoke these themes. “His

work is completely representative

of what the Nichols Prize stands

for—a lifelong dedication to

building places that will be shared

and cherished for generations.

“For ULI, choosing Peter Walker

makes a statement about

the importance of landscape

architecture to the built

environment, and especially the

necessity of providing sustainable

systems, both built and natural,”

Bucksbaum says.

ULI’s highest honor, the annual

prize was endowed to the ULI

Foundation by the family of

J.C. Nichols as a legacy of the

legendary Kansas City, Missouri,

developer and founding ULI

member. The prize recognizes

exemplary work that is rooted in a

commitment to change people’s

lives for the better.

ULI’s globally renowned

award programs play a

crucial role in recognizing

best practices in land use around

the world. The awards act as

recognition for the exceptional

work and dedication shown by

real estate practitioners from all

disciplines as well as provide

encouragement and inspiration for

others to follow. By acknowledging

the very best, ULI hopes to raise

standards across the world.

The ULI J.C. Nichols Prize for Visionaries in Urban DevelopmentThe ULI J.C. Nichols Prize for

Visionaries in Urban Development

was won in 2012 by renowned

landscape architect Peter Walker.

The fi rst landscape architect to

win the Nichols Prize, Walker

has spent the past fi ve decades

creating public spaces that

are beautiful, user friendly, and

memorable. His passion remains

designing landscapes that are

“fl exible enough” that people want

to return.

“What I try to do whenever I

take on a project is I think about

the people who might be using

it—from little kids to old folks to

everyone in between,” Walker

says. “I try to satisfy those needs

in the most direct and simple way

possible.”

Walker’s most famous project

is the National September 11

Memorial in New York City, which

evokes a range of emotions due

to the enormity of the event it

commemorates and the beauty of

its elegant design.

“ His work is completely representative of what the Nichols Prize stands for— a lifelong dedication to building places that will be shared and cherished for generations.”

—John Bucksbaum, chairman of the jury commenting on J.C. Nichols Prize winner Peter Walker

D R I V I N G I N N O V A T I O N

D R I V I N G I N N O VAT I O N | 4 7


transformation of the public

domain, integrating large-scale

commercial development, a highly

articulated playground, and public

space.

■ Levine Center for the Arts,

Charlotte, North Carolina, USA.

(Developer: Childress Klein

Properties, Wells Fargo & Co.;

architects: TVSDesign, Machado

and Silvetti Associates, Mario

Botta, et al.) Cultural complex as

an urban experience, generating

a vibrant and high-energy arts

district.

■ Life Hub @ Jinqiao, Shanghai,

China. (Developer: Shanghai

Edmonton Real Estate Co.

Ltd.; architect: Palmer & Turner

Consultants Ltd.) Retail-anchored

mixed-use development project

articulating an integrated

environment.

■ Manitoba Hydro Place,

Winnipeg, Manitoba, Canada.

(Developer: Manitoba Hydro,

Kuwabara Payne McKenna

Blumberg Architects, et al.) Public/

private partnership to generate

a downtown, state-of-the-art,

energy-efficient office structure.

■ Mirabella at South Waterfront,

Portland, Oregon, USA.

(Developer: Pacific Retirement

Services; architect: Ankrom

Moisan.) High-rise retirement

community enabling engagement

with the greater downtown

lifestyle.

■ Red Oak Park, Boulder,

Colorado, USA. (Developer:

Boulder Housing Partners;

architect: Coburn Development.)

Urban infill redevelopment of a

mobile-home park into highly

sustainable affordable housing.

Global Awards for ExcellenceEstablished in 1979, the ULI

Global Awards for Excellence

continue to be at the heart of the

Institute’s efforts to identify and

promote best practices in all types

of real estate development.

The 34th year of the awards

program saw 14 developments

in eight countries selected as

winners from among nearly 200

entries. Each of the winning

projects demonstrated exceptional

standards of excellence in

design, construction, economics,

planning, and management.

The 2012 Global Awards for

Excellence winners were:

■ Accident Fund Holdings Inc.,

New National Headquarters,

Lansing, Michigan, USA.

(Developer: Christman Capital

Development Company;

architects: HOK, Quinn Evans

Architects, et al.) Historic

preservation partnership for the

repurposing of a power plant for

higher-end office use.

■ Armstrong Place Senior and

Family Housing, San Francisco,

California, USA. (Developer:

BRIDGE Housing Corporation;

architect: David Baker + Partners;

builder: Nibbi Brothers General

Contractors.) Affordable and

senior housing as a catalyst for

revitalization.

■ Atlantic Wharf, Boston,

Massachusetts, USA. (Developer:

Boston Properties; architect: CBT

Architects.) Mixed-use green

waterfront skyscraper integrated

with the harbor and surrounding

neighborhood.

■ Darling Quarter and

Commonwealth Bank Place,

Sydney, Australia. (Developer:

Lend Lease; architects: fjmt,

ASPECT Studios.) Major

Mirabella at South Waterfront in Portland, Oregon, creates a signature for senior living integrated into a dense urban neighborhood. Image: Lawrence Anderson Photography.



■ Saigon South New City

Center, Ho Chi Minh City,

Vietnam. (Developer: Phu My Hung

Corporation; architects: Skidmore,

Owings & Merrill LLP, Kenzo

Tange Associates, et al.) Large

master-planned community

retaining local character with a

sustainable approach.

■ The Avenue, Washington,

D.C., USA. (Developer: Boston

Properties; architects: Pelli Clarke

Pelli Architects LLP, Hickok

Cole Architects, et al.) Complex

mixed-use development of a city

block reintegrating diverse urban

functionality.

■ The Fitzrovia Apartments,

London, U.K. (Developers:

Ridgeford Properties Ltd. and

Manhattan Loft Corporation;

architect: HOK.) Mixed-use,

high-end development including

an affordable component and

a public/private partnership to

redevelop a medical facility.

■ Tour First, Paris, France.

(Developers: Altarea-Cogedim,

AXA REIM, and Beacon Capital

Partners; architect: Kohn Pedersen

Fox Associates.) Refurbishment

and modernization of a pioneering

skyscraper, enhancing its

presence and impact on the

surrounding area.

■ Valletta Waterfront, Malta.

(Client: Valletta Cruise Port PLC;

design team: EDSA Inc., AP, Colin

Toms and Partners.) Regeneration

of derelict ferry terminals in a

historic core offering a new

amenity model.

Urban Open Space AwardThe annual Urban Open Space

Award celebrates and promotes

vibrant, successful urban open

spaces by recognizing and

honoring an outstanding example

of a public destination that

has enriched and revitalized its

surrounding community. The award

was created through the generosity

of Amanda M. Burden, New York

City planning commissioner and

2009 J.C. Nichols Prize laureate.

The award continues through the

generous support of the Kresge

Foundation, the MetLife Foundation,

and the ULI Foundation.

The 2012 winner of the Urban

Open Space Award was Railroad

Park in Birmingham, Alabama.



An innovative public realm articulates Darling Quarter’s commercial development in Sydney Australia. Image: John Marmaras.


The project was recognized for

its creative reuse of a railroad

freight yard to transform the city’s

urban center and for its deliberate

attempt to weave the city’s history

into a timeless urban space.

In the 20th century, Birmingham

suffered from racial and socio-

economic divisions caused by

segregation, urban flight, and

violent reactions to the civil

rights movement. As the new

millennium approached, city

leaders sought ways to creatively

redevelop the city’s blighted urban

core and forge a connection

to the University of Alabama at

Birmingham, located on the city’s

southeast corner. They believed

the city’s railroad-based history

would figure prominently in giving

the downtown a fresh look and a

brighter future.

Based in part on recommendations

from a 2002 ULI Advisory Services

panel, Birmingham created a

public park on 19 acres straddling

the rail corridor. Railroad Park

opened in 2010. Now regarded

locally as “Birmingham’s living

room,” Railroad Park is a space

of celebration, recreation, and

relaxation for city residents. It

sparked a surge of interest among

business leaders in pursuing

new real estate developments,

including the Cityville Block 121

luxury residential complex, and

Pepper Place, a $13 million office

and retail space for design-focused

businesses.

“The Urban Land Institute Urban

Open Space Award is a testament

to Railroad Park’s role as a catalyst

for growth and revitalization in

downtown Birmingham,” says

Camille Spratling, executive

director of Railroad Park. “It’s

gratifying that the work of such

a dedicated group of people is

receiving recognition. I’m proud to

be part of that.”

In naming the winner, Randall K.

Rowe, chairman of the award

jury, said, “Railroad Park is a

transformative example of how

open space can enrich and

revitalize a surrounding community

as well as become a critical part of

the urban social fabric.”

“ Railroad Park is a transformative example of how open space can enrich and revitalize a surrounding community as well as become a critical part of the urban social fabric.”

—Randall K.Rowe, chairman of the Urban Open Space Award jury


Armstrong Place offers a townhouse development full of first-time homebuyer families.


ULI Gerald D. Hines Student Urban Design CompetitionThe ULI Gerald D. Hines Student

Urban Design Competition is an

urban design and development

challenge for graduate students.

Since its inception in 2003, the

Hines Competition has challenged

graduate students to form multi-

disciplinary teams and devise

a comprehensive development

proposal for a real, large-scale site.

The competition gives students

hands-on experience in the real-

world process of working with

colleagues from other disciplines

to create a viable development

project. The winning team receives

a $50,000 prize, with the finalist

teams also receiving $10,000

each, made possible by a $3

million endowment from Gerald D.

Hines to the ULI Foundation.

The winning team in 2013 was

made up of students representing

Kansas State University, the

University of Missouri at Kansas

City, and the University of Kansas.

The team won with its proposed

long-term development plan for

a Downtown East Minneapolis

site adjacent to the forthcoming

Minnesota Vikings stadium.

Although based on a fictional

scenario, the winning proposal,

titled “The Armory,” tackled city

and local stakeholders’ desire to

reinvent Downtown East as interest

builds in anticipation of the new

stadium. This design provided

a new vision for the area that

transforms the rigid, undesirable

economic conditions at site—with

surface parking and billboards—into

a dynamic, livable urban district.

The proposal included using an

underused historic structure, the

Armory, as a symbol of identity for

the revitalized area and created

the city’s first iconic open space.

Most important, the winning

proposal was grounded in the

market realities of Minneapolis,

using strategies that capitalized

on concurrent activity to create

a desirable place to live in each

phase of development.

“It was a tremendous experience

in terms of collaboration and

to test ourselves against some

of the best schools,” said

Kevin Cunningham, a Kansas

State University team member

pursuing a master of landscape

architecture. “One of the strengths

of our team was how well we

collaborated among ourselves,

especially when we were meeting

each other for the first time back

in the fall. We really wanted to

learn from each other and grow as

young professionals throughout

the competition. It was great to

represent Kansas State University

and the entire region in a project

that turned out to be successful.”

The team competed against

790 students representing 70

universities across the United

States and Canada. The judges

were impressed by the high quality

of the final proposals.

“The winning team, composed

from three different disciplines

and three different universities,

designed and presented

so seamlessly, and the jury

evidenced first-hand the best of

interdisciplinary functionality and

thinking that Gerry Hines had

sought in this competition,” said

jury chairman Bart Harvey.

“ … the jury evidenced first-hand the best of interdisciplinary functionality and thinking that Gerry Hines had sought in this competition.”

—Bart Harvey, chairman of the ULI Gerald D. Hines Student Urban

Design Competition




Educational Programs

Sharing of best practices

among members

and developing the

next generation of real estate

professionals—crucial parts of

ULI’s mission—are delivered

through a range of educational

programs.

UrbanPlanULI looks to nurture understanding

of the built environment among

young people through the

innovative UrbanPlan initiative.

Developed in partnership with

the Fisher Center for Real Estate

and Urban Economics at the

University of California at Berkeley,

UrbanPlan educates tomorrow’s

neighbors, community leaders,

public offi cials, and land use

professionals on issues involving

planning and land use.

UrbanPlan enables students at

high schools and universities

to discover how the forces

of a market economy clash

with and are infl uenced by the

nonmarket forces of representative

democracy in creation of the built

environment. The interactive,

classroom-based program asks

student teams to address options

for the redevelopment of a blighted

site in a hypothetical community,

examining the project from a

number of perspectives. The

program is taught by ULI members

and is run through the District

Council network.

UrbanPlan has reached more than

20,000 students across the United

States since its launch in 2004 and

has enabled more than 1,500 ULI

members to share their knowledge

and experience with the future

leaders in the fi eld of real estate.

Professional Development ProgramULI operates a professional

development program for

practicing real estate professionals

at all levels. The program is

designed to serve professionals

across multiple disciplines through

in-person, online live, and on-

demand workshops covering

a variety of real estate topics.

During the past fi scal year, a total

of 1,775 people participated in

ULI’s professional development

programs in one of these three

formats.

Because ULI is an approved

provider of continuing education

for the American Institute of

Architects (AIA) and the American

Institute of Certifi ed Planners

(AICP), many of the Institute’s

courses, workshops, and events

provide credits for professional

accreditations from these

organizations.

Last year, ULI conducted 30 one-,

two-, and three-day in-person

workshops that were attended

by 749 participants; for the fi rst

time, two customized programs

took place in Saudi Arabia. The

workshops included new-format

ULI Real Estate School programs,

which were redesigned to last

three days rather than four; the

winter school programs were

held individually rather than

simultaneously, helping boost

overall attendance to 277 people,

up from 169 attendees for the

previous year.

To accommodate professionals

unable to attend workshops

in person and those who

prefer the fl exibility provided by

remote learning, ULI provides

a combination of live online

programming and recorded

content available on demand.

ULI held 21 two-hour webinar

sessions on nine program topics

and three on-demand programs

that were attended by a total of

726 people.

The fi rst program to combine both

live and remote elements was also

undertaken last year, with the live

workshop taking place in Reed

Smith’s Washington, D.C., offi ces,

with a video broadcast to District

Council audiences in Los Angeles,

San Francisco, and Chicago.

“ UrbanPlan is in a class by itself—advancing ULI’s mission and brand while enriching students, the community, and ULI members alike.”

—Rick Dishnica, president, The Dishnica Company LLC

D E V E L O P I N G E X C E L L E N C E T H R O U G H E D U C A T I O N


Above: UrbanPlan participants, ULI San Francisco.

Right: Martin McDermott, a real estate instructor for ULI’s Professional Development Program.

Far right: ULI New York member volunteers receiving an award for UrbanPlan.


“ Through UrbanPlan, my students knit together a complex network of ideas with a taste of zoning laws, building-site selections, not to mention number crunching. The instant appreciation and awareness of their urban environment are unparalleled.”

—Jose M. Cruz, assistant principal of social studies at Murry Bergtraum

High School for Business Careers in New York City


D E V E L O P I N G E X C E L L E N C E T H R O U G H E D U C AT I O N | 5 3


Leadership Programs

L eadership is at the core

of ULI’s mission, so the

Institute looks for every

opportunity to help members

improve their leadership skills

and serve as leaders for ULI’s

many programs, panels, and

working groups. ULI conducts or

is actively involved with a number

of initiatives that look to enhance

leadership within members,

the development industry, and

communities everywhere.

Larson Leadership InitiativeThe Robert C. Larson Leadership

Initiative focuses on infusing “lead-

ership DNA” in ULI’s members.

The initiative provides training to

participants that enhances their

professional leadership skills, of-

fering programs and coaching that

enable them to be more effective

leaders in their businesses and

communities.

The last fi nancial year was

particularly active for the Larson

Leadership Initiative. More than

150 people participated in Centers

for Leadership across fi ve District

Councils in Atlanta, Michigan, the

Northwest, South Carolina, and

Washington, D.C. The Centers

are nine-month programs that

cultivate leadership skills among

emerging industry leaders.

More than 2,000 people attended

ten leadership sessions at the

Fall Meeting in Denver, and

another 60 top-level business

executives attending the CEO

Summit discussed the latest

industry trends and shared their

experiences and lessons learned

from managing their organizations.

The Spring Meeting Summit in

San Diego, which was held with

the Women’s Leadership Initiative,

was attended by 60 people and

took the form of an interview with

Deborah Szekely. The conference

also included the second annual

Emerging Leaders Roundtable,

with ULI Governor Sandy Apgar as

the moderator.

The Larson Leadership Initiative

also undertook a study on

CEO succession, titled Avoiding

Vacancy: Becoming a “Succession

Leader” in the Real Estate Sector, in

partnership with global executive

search fi rm Russell Reynolds

Associates.

Women’s Leadership InitiativePart of the Larson Leadership

Initiative, the Women’s Leadership

Initiative (WLI) was established

with the objective of raising the

visibility and number of women

leaders in ULI and the wider real

estate industry. The initiative was

offi cially launched at the 2012

Spring Meeting in Charlotte,

North Carolina, and its reach and

infl uence have grown during the

past fi scal year, aided in part by

over $100,000 provided by the ULI

Foundation Annual Fund.

The WLI provides a Fall Meeting

Scholarship Program recognizing

exemplary women members of

ULI who have made signifi cant

contributions to the organization

and have demonstrated a long-

“ We need to provide and implement the leadership skills necessary to attract, motivate, and retain the best and the brightest minds—the land use leaders of the future.”

—Harry Frampton, former ULI chair




Women’s Leadership Initiative ScholarshipOne recipient of the WLI scholarship to

attend the Fall Meeting in Denver was

Laura Reinbold, a licensed professional

engineer and a branch manager of one

of the largest geotechnical engineering

firms in Tennessee.

“Engineering is not an easy industry

for women, especially for attaining

leadership positions,” says Reinbold,

who in 2012 became the first woman

elected to the board of directors for

the ASFE/the Geoprofessional Association.

Reinbold’s experiences showed her the importance of female role

models and managers in fields dominated by men—a conviction

that drew her to the WLI. Reinbold values ULI for “connecting my

engineering with the larger conversation about planning and land

use” and credits the WLI for “actively recruiting and retaining women

in my industry.”

term commitment to real estate

and land use issues. Last year,

nine women were awarded a

scholarship that provided them

with complimentary access to the

ULI Fall Meeting and a provision

for expenses.

Real Estate Associate ProgramULI has continued its active

involvement in and support

of the Real Estate Associate

Program (REAP), which is widely

acknowledged as the most

successful diversity initiative in the

commercial real estate industry.

This market-driven program

serves as a bridge between

talented minority professionals and

commercial real estate companies

looking for talent.

More than 80 REAP associates

now work for leading firms in

the industry, from London to

Los Angeles and New York to

New Mexico. The program was

launched in Washington, D.C.,

in 1997 and has since expanded

to cities across the United

States. Patrick Phillips serves

on the REAP Board of Directors,

and several REAP graduates

have joined the Institute through

ULI Los Angeles.


Robert Larson’s goal was to ensure a “legacy of leadership” for the Institute—to infuse leadership DNA in ULI’s members.

D E V E L O P I N G E X C E L L E N C E T H R O U G H E D U C AT I O N | 5 5

Above left: Robert C. Larson

Above right, left to right: Rebecca C. Randolph, Leah C. FitzGerald, and Lynn Carlton.

Left: The REAP Chicago class of 2013—one of four REAP programs (New York Washington D.C.; and Cleveland) to graduate last year, all supported by ULI as part of its longstanding contribution to Project REAPs.


FoundersCircle$25,000 OR MORETrish and John Healy u Linda Law Peter Rummell u

Leadership Circle$10,000–$24,999Joseph Azrack u

Kathleen CareyJack ChandlerTobin CobbJames Curtis u

Bruce DuncanBruce Etkin u

Michael Fascitelli uMichael FoustThomas GarbuttMark GibsonRichard GollisRosalind Gorin u

Michael Hayde u

W. Dean Henry u

Tyler HigginsDorine Holsey Streeter uKenneth Hubbard u

Gregory Hummel uDavid JenkinsBruce Johnson u

Gregory Johnson u

Chaim KatzmanJeffrey Kelter uJames Klingbeil uA. Eugene Kohn u

David LentzVincent LoBruce Ludwig u

Todd Mansfi eld u

George Marcus u

Melinda Masson u

David Mayhood u

John McNellis u

Hamid MoghadamBarry Moss u

Robert O’Brien u

Richard Perlmutter uJonathan PollackDiana ReidPhilip RiordanHoward Roth u

Randall Rowe u

Deborah Ratner SalzbergGeoffrey Stack u

Lynn Thurber uSimon TurnerDavid Waite u

Chairman’s Circle$5,000–$9,999Douglas Abbey u

David AllmanClifford Booth u

Cia BuckleyJames Callard u

Colleen CareyRichard Dishnica u

Harry Frampton u

Theresa FrankiewiczJohn Hagestad u

Phillip Hughes u

John Kukral uChristopher Kurz u

Christopher LudemanBowen “Buzz” McCoy u

Robert MerckJohn O’BryanPeter Pappas u

Richard PowersDaniel Rose u

Adam SchwartzRobert Sharpe u

Martin SteinRobert Stine u

Thomas Toomey u

Frank Transue u

Goldie Wolfe Miller

President’s Circle$2,500–$4,999C. Joseph BlackbournG. Niles Bolton u

Mary Borgia u

Jonathan BrinsdenJohn Bucksbaum u

Marty BurgerPreston Butcher uKathryn CampbellLynn CarltonMona CarltonJ. Christopher Chaffi nJames Chaffi n u

William ChiltonStephen ConleyMichael Covarrubias u

John CushmanReg DelPonteAmbrose DittloffArthur Fields u

John Gates u

Veronica Hackett uJames Harris u

Alison HawkinsPamela HerbstJohn HigginsJonathan HoltzmanRobert Hughes u

Kirk HumphreysEdward James u

David JohnsonMarty JonesNeisen Kasdin u

Gadi Kaufmann u

Mary Ann KingSteven KohnM. Leanne Lachman u

David LarcherRobert Lieber uRobert Lowe u

Mary LudginDouglas LyonsWilliam MacDonaldJames Maginn u

Scott Malkin u

Barry MandelRoy March u

Lauralee MartinJohn McKinnerneyRobert McLeod u

Alexander MehranTerry MontesiConstance MooreBahram MotamedianVicki Mullins u

Mark MyersRonald Nahas u

Timothy NaughtonStephen NavarroJeremy Newsum u

Dennis OklakThomas OwensAlfred PaceMarc PerrinDan Petrocchi uEdward PettinellaSamuel PlimptonRichard PriceJames Ratner uDale Anne Reiss u

Carl RiegerStruan RobertsonJonathan RoseKenneth RosenRichard Saltzman u

Kevin ShannonKelley Smith u

Glenn StephensonRon SturzeneggerOwen Thomas u

Simon TreacyWarren TroupeDaniel Van Epp u

Greg Vogel uJohn WalshPhilip WatermanJaidev WatumullRobert Webster uGregory Weingast uSerena WolfeMargaret WyldeSmedes York u

Skyline Club$1,000–$2,499Matthew AkinToni Alexander uHoward AltshulerTyler AndersonRichard ArnoldJames BachnerLaura BaileyWill BalthropeThomas BarkerPeter BechenLaura BeuerleinCynthia BirminghamJohn BlumbergGraham BondRandall BoneJames BooneWilliam BownessRichard BurnsJames ButzHarvey CaminsGary CampbellRichard CampoAnthony CapuanoW. David CareyFrank CarmelJames CarpenterDaryl CarterDon CastoBruce ChoateRick ChoateDavid Christensen u

Sheri ChromowDavid ClarkBruce CohenU. Lincoln ColemanAlice ConnellDouglas Crocker uAlan Dean

Sean DeasyPierre DesautelsMark DetmerRobert DeVriesRobert DeWittBarry DiRaimondoThomas Donnelly u

Peter DonovanJoseph DrewJeffrey DritleyDavid DufenhorstLili DunnJack DurburgJohn EcholsSteven EggertGrant EhatJames EllisGregory EnglerDouglas Etkin u

Stephen FarnsworthGary Fenchuk u

Philip FitzgeraldJeremy FletcherCharles FlintMark ForresterBrad FossJohn FowlerDovid FrankelMerrie FrankelPatricia GibsonAlexandra GlickmanW. Andrew GowderDonald GrantRobert GrayBert GregoryRandall Griffi nAubrey HainesLee HalfordJames HammermeisterDeborah HarmonJeffrey HarrisThomas HartLori HatcherClyde HollandMatthew HolmesRobert HolmesGina HolstienDavid Howerton u

Robert IvanhoeF. Scott Jackson u

Robert JennettBruce Johnson u

K.S. KalsiFern KanterCraig KaufmanMichael Kelly u

James KetaiRobert KlineWalter Koelbel uMark Kroll uCraig Krumwiede u

Mark LearyChristopher LeinbergerRobert LewisRichard LincolnFrank LutzIsaac ManningAlan MarkWilliam Seth MartinJohn MaysBrian McAuliffeDaniel McCafferyWilliam McCall uJohn McClutchyThomas McNearneySusan MerrickDavid MgrublianRobin MichelAndrew MillerAndy Mitchell

Foundation Club$500–$999Corinne AbbottJ.J. AbrahamStuart AckerbergDallas AddisonThomas AdlerNariman AfkhamiLela AgnewChris AkbariHarry AlcockMark Alfi eriRyan AndersonScott AndersonSusan AnselFrank ApesecheMahlon Apgar uMichael AtkinsAnthony AvilaWilliam BanksScott BassinBrad BeelaertChristopher BedaDean BellasStephen BenjaminThomas BennisonCharles BermanKenneth BernsteinCarl BerryMichael BerryMatthew BirenbaumStephen BlankBrandon BlaserRichard BoalesWilliam BogaardTimothy BolingerJoseph BonnerPaul BordenParrish BorenJ. Theodore BorterStephen BowersJohn BreitingerSean BreslinCharles BrindellJames BrinkerhoffRonald BrockBarry BrownNeil BrownTed BrownEdward BurrBrian ByrneDavid CacciapagliaMargaret CafarelliPeter CalkinsMichael CaprileRobert CardozaSusan CarterGeorge Casey u

Lawrence CaseyDaniel Cashdan u

Riaz CassumJohn Cecil uKathleen Cecilian u

Jeffery CernutoAnthony ChangJohn CibinicHenry CisnerosJeffrey CitrinMichael CochranKenneth CodeHoward CohenJack CohenKevin ColketArt CollinsBrian CollinsGregory CollinsMarty CollinsSean CooleyDavid CordishEmerick CorsiLawrence CorsonMichael CouchJeff CourtwrightL. Michael CoxThomas Cox u

William CramerBrian CullenRon CurtisPeter Cyrus

Donald MontiJonathan MossJames MulvihillPatrick NashDaniel Neidich u

David Nelson u

Arndt NicklischWilliam O’ConnorJohn O’Donnell uJohn OrehekCoburn PackardBarbara Koz PaleyLawrence PalumboAlan PattonChristopher PayneJohn PetersonPatrick Phillips u

Russell PlattJohn PorterThomas PowersRoger PrattStephen Quazzo u

Jeff QuicksilverAdam RaboyRon RasmussenEugene ReillyGreg ReimersMarc RenardWilliam ReynoldsKim Richards u

David RobertsonRuben RocaAlex Rose u

Wendy RowdenJoseph RubinRobert Ruth u

Anne RyanDaniel Safi erBrian SandsMichael Schueler uIra SchulmanDavid SchwartzElizabeth SeifelWilliam SelvageThomas SenkbeilScott ShapiroStephen SilkRonald Silverman u

Mark SilverwoodJohn SlidellRichard SteinSabine StenerGary StewartPhillip StoffregenJeffrey Swope u

Robert TaubmanMark TennisonRobert ThompsonSheri ThompsonWilliam Tooley u

Alexander TwiningGregory VorwallerLee WalkerFrank WalterThomas WattlesDaniel WeaverK. Jay WeaverRobert Weekley u

Stephen WhyteJohn WilbanksCynthia Wilusz LovellMichael WinnR. Kyle WinningCasey WoldAaron WoolerJames WormsMathew WymanF. Karl Zavitkovsky�Jon Zehner uSimon Ziff

Theresa FrankiewiczJohn HagestadPhillip HughesJohn KukralChristopher KurzChristopher LudemanBowen “Buzz” McCoy

FoundersCircle$25,000 OR MORETrish and John Healy u

Theresa FrankiewiczJohn HagestadPhillip HughesJohn KukralChristopher KurzChristopher LudemanBowen “Buzz” McCoy

ULI Foundation Annual Fund


03ULIAnnualReport_BOB.indd 56 3/13/14 3:08 PM

H E A D E R ? ? ?U L I F O U N D A T I O N A N N U A L F U N D

Foundation Club$500–$999Corinne AbbottJ.J. AbrahamStuart AckerbergDallas AddisonThomas AdlerNariman AfkhamiLela AgnewChris AkbariHarry AlcockMark AlfieriRyan AndersonScott AndersonSusan AnselFrank ApesecheMahlon Apgar uMichael AtkinsAnthony AvilaWilliam BanksScott BassinBrad BeelaertChristopher BedaDean BellasStephen BenjaminThomas BennisonCharles BermanKenneth BernsteinCarl BerryMichael BerryMatthew BirenbaumStephen BlankBrandon BlaserRichard BoalesWilliam BogaardTimothy BolingerJoseph BonnerPaul BordenParrish BorenJ. Theodore BorterStephen BowersJohn BreitingerSean BreslinCharles BrindellJames BrinkerhoffRonald BrockBarry BrownNeil BrownTed BrownEdward BurrBrian ByrneDavid CacciapagliaMargaret CafarelliPeter CalkinsMichael CaprileRobert CardozaSusan CarterGeorge Casey u

Lawrence CaseyDaniel Cashdan u

Riaz CassumJohn Cecil uKathleen Cecilian u

Jeffery CernutoAnthony ChangJohn CibinicHenry CisnerosJeffrey CitrinMichael CochranKenneth CodeHoward CohenJack CohenKevin ColketArt CollinsBrian CollinsGregory CollinsMarty CollinsSean CooleyDavid CordishEmerick CorsiLawrence CorsonMichael CouchJeff CourtwrightL. Michael CoxThomas Cox u

William CramerBrian CullenRon CurtisPeter Cyrus

Charles DarbyLinda DavenportManuel De ZarragaJames DeFrancia u

Daniel DeibelRex DeLongGary DerckPeter DiLulloSteven DisseBen DohertyStephen DominiakEdmund DonaldsonEverett DowlingGary DownsCarl DukeT. Patrick DuncanColby DurninDavid DurningRonald Eastman u

Andrew EbbottLee EdlundJoel EisemannJay EisnerPeter FalcoWilliam FausoneEric FischerThomas FisherJohn FitzgeraldPatrick FitzgeraldAdam FlattoLeonard ForkasJeff FosterJack FrakerChristopher FraleyBruce FreemanJonathan FreyKarl FreyAndrew FriedmanStephen FriedmanSteven FriedmanMark FriisAdam FruitbineStephen Furnary u

Roger GalatasNorman GardenLev GershmanEugene GodboldMarc GoldsteinPat Goldstein u

Donald GooR. Lawrence GoodJohn GoodmanMark GoodmanJohn GrayAnthony GreenbergBradley GriggsThomas GrimesThomas GruseckiJohn Gunther-MohrTimothy HaahsNick HackstockEric HadeMichael HaganMary HagerJay HaileyDavid HaleTimi HallemNedra HalleyClark HanrattieLarry HarmsenPatrick HarperKevin C. HarriganFrederick HarrisKeith HarrisJay HartCindy HarveyJill HattonJeffery HaywardArden HearingChristopher HeckerThomas HerbGrant HerlitzCharles HewlettWilliam HeywoodSusanne HiegelJay HiemenzRoger HillDennis HillierScott HodsonJames HorvathAdam IfshinMitchell ImanakaLinda IsaacsonDavid Israel

Brian JacksonJeremiah JamesDebby JenkinsMargaret JennesseLarry JohnsonPaul JohnsonBrett JohnstonAdam KaneTim KaneBarry KarpayGerald KarrMark KatzStephen KaufmanBrian KavoogianEdmond Kavounas u

Peter KayeChristopher KazantisJohn KeelingMark Kehke u

Larry KelleyRichard KelleyDouglas KesslerMarcum David KhouriMitchell KiffeRobert KildowRobert KilroyEdwin KimseyRick KirkbrideFrederick KramerPeter KrauseMark KrebsPaula KrugmeierQuentin KuhrauLee KuntzJoseph LalliJohn LandwehrBrian LavinStephanie LawrenceMatthew LawtonAndrew LaxGregory LeadholmChang LeeJames LeeChristian LessardDaniel LevittPaul LewisJames Light uTodd LillibridgeKenny LipschutzBrian LipsonJohn LivingstonDarla LongoLarry LukanishMark LuntRonald LuntMatthew LustigDonald MacKenzieSimon MalkAdam MarkmanJoseph MartignettiCraig MartinDavid MartinJames MaurinJamie MayMichael MayMartin MayerMarc McAndrewThomas McCahillEric McClellandH. Thomas McDuffieJohn McGurkThomas McMullen u

Donald McNamara u

Sean McReynoldsChad McWhinneyMichael MedzigianP. James MehalsoFred MerrillDwight MerrimanJeffrey MeuterPaul MeyerRobert MiceraRobert MichaelsGreg MichaudNelson MigdalDonald MillerMark MillerRobert MillerTommy MillerJeffrey MonganCarl MontanteBill MontgomeryKim MorqueKeith Morrow

James MottaW. Michael MurphyJohn MurrayCharles MyersJeanne MyersonHessam NadjiSakura NamiokaShekar NarasimhanFrank NavarroDavid NeffPeter NicholChristopher NiehausChristopher NoonMatthew NortonWilly NunnDavid O’DonnellDavid O’DonoghueH. Pike OliverJohn OparLisa PalmerMaxwell PeekMark PetersenWilliam PettitPerry PintoLeo PircherJ. Michael PitchfordJohn PowellBrad PowerAlbert PrawMichael PruterWilliam PuckettRichard PutnamDavid RamusAli RaziP. ReiningerWellington ReiterKai ReynoldsJames RiceRick RichFrank RicksChristopher RisingRobert RosenbergBrian RossBlake RubinJohn RyanStephen RyanEd RyderDavid Rey SalinasThomas SamuelsPreston SargentGregory ScharffJohn SchoenfeldJames SellenAsheel ShahJay ShahRobert SheppardKevin ShieldsBernard SiegelSteven SiegelPatrick SimonsRichard Sinkuler uEugene SiscoStanley SloterJames Smith u

Jeff SmithThomas SmithgallDavid SonnenblickRichard SonntagGregory SpencerM. James SpitzerJohn StamatoYaromir SteinerClinton StevensonLisa StewartJeffry StoddardWilliam StoneJoyce StormRichard SwartzA. Alfred Taubman u

Dale TaysomTimur TecimerIan ThomasAlyson ToombsMark ToothacreVincent ToyeThomas TrklaAndrew TrotterRichard TuckerKeith UlstadSteve Van AmburghRobert WagnerJon WallenstromDavid WaltemathJean-Paul Wardy

Donald MontiJonathan MossJames MulvihillPatrick NashDaniel Neidich u

David Nelson u

Arndt NicklischWilliam O’ConnorJohn O’Donnell uJohn OrehekCoburn PackardBarbara Koz PaleyLawrence PalumboAlan PattonChristopher PayneJohn PetersonPatrick Phillips u

Russell PlattJohn PorterThomas PowersRoger PrattStephen Quazzo u

Jeff QuicksilverAdam RaboyRon RasmussenEugene ReillyGreg ReimersMarc RenardWilliam ReynoldsKim Richards u

David RobertsonRuben RocaAlex Rose u

Wendy RowdenJoseph RubinRobert Ruth u

Anne RyanDaniel SafierBrian SandsMichael Schueler uIra SchulmanDavid SchwartzElizabeth SeifelWilliam SelvageThomas SenkbeilScott ShapiroStephen SilkRonald Silverman u

Mark SilverwoodJohn SlidellRichard SteinSabine StenerGary StewartPhillip StoffregenJeffrey Swope u

Robert TaubmanMark TennisonRobert ThompsonSheri ThompsonWilliam Tooley u

Alexander TwiningGregory VorwallerLee WalkerFrank WalterThomas WattlesDaniel WeaverK. Jay WeaverRobert Weekley u

Stephen WhyteJohn WilbanksCynthia Wilusz LovellMichael WinnR. Kyle WinningCasey WoldAaron WoolerJames WormsMathew WymanF. Karl Zavitkovsky�Jon Zehner uSimon Ziff

Richard WarnickGlenn WatchornH. Thomas WebbJeffrey WeberSteven WeilbachRobert WeinbergAndrew WeirAnn WeisbrodMarilyn Kramer WeitzmanCharles WerhaneJohn F. WestThomas WestonW. Don WhyteDavid WielandBret WilkersonMarcelo WillerCharles WilliamsDennis WilliamsEvan WilliamsStephen WilliamsJames WilsonStephen WilsonJoseph WisniewskiGregory WolkomR. Mark WoodworthFrank WuestDennis Yeskey u

Will YowellThomas ZarrilliJohn ZeilerClaude Zinngrabe u

Michael Zoellner

FriendsUP TO $499Ned AbelsonAmachie AckahMatthew AdamsPatricia AdellDavid AdelmanLela AgnewMarianne AjemianRafik AlbertRichard AlbrechtLaura AldreteJohn AlexanderDennis AllenGary AllenMark AllynKaren AlschulerAnn AlthoffJeffrey AltmanDavid AmmonsC.A. AndersonDonald AndersonJoshua AndersonLuke AndersonMatthew AndersonMorgan AndersonR. Bird AndersonRobert AndersonWilliam AndersonGary AndrewsSteven AngelWilliam AnthonyJoseph AntunovichRussell AppelThomas ArasiWilliam ArmstrongThomas ArnoldMark AronsonDavid ArthurChristian AsdalDavid AshF. Kevin AucelloGregory AverbuchElinor BaconRoy BajtelDavid BakerJeffrey BakerLaurie BakerHugh BallochMiles BalloggMichael BannerSean BannonAudie BarefootBradley BarkerRobert BaronJason BarronMaria BarryJonathan BartlettDaniel Bartok

U L I F O U N D AT I O N A N N U A L F U N D | 5 7


Quinn BartonRyan BashDiane BasheerTodd BassenSteve BassettLeslie BatchelorCharles BayPamela BeamPeter Bedford u

G. BednarStephen BeinkePeter BelisleDena BelzerJennifer BenckGuy BennDouglas BennettJill BensleyBlake BergStacey BergerScott BermanJack BerquistRobert BestNathan BetnunKevin BetteFaye BeverettMark BhasinDouglas BibbyHoward BielJames BieriRoss BierkanJeffrey BijurAlan BillingsleyAnnette BillingsleyDavid BirnbreyBrandon BirtcherAndrew BlakeDeborah BlakeCaroline BlakelyMyron BlalockW. Bradford BlashRobin BlauerBuck BlessingStephen BlueKen BodensteinAdam BokonJesse BollingerFred BoltRobert BondW. Douglass BondPamela BonehamLaura BonichAlan BonifaceZach BonsallWilliam BonstraW. Thomas BooherLloyd BookoutSusan BoothBarbara BorczakJames BordersAndrew BorsanyiPeter BorzakScott BottlesKenneth BowersWilliam BowmanMarshall BoydMaureen BoyerJohn BoytThomas BozzutoToby BozzutoRichard BraceLavea BrachmanGregg BradburyDavid BradfordZeb BradfordTod BrainardJeffrey BramsonAndrew BrandGerald BrandWayne BranderMark BrattRaymond BraunCharles BreckerRandy BredarDeborah BrettDebbie BriersNatasha BrillThomas BrinkJulie Brinkerhoff-JacobsKathleen BriscoeKirk BroadbooksCristopher BroderickDon BroderickM.J. BrodieKeith Brodock

Richard BromingEric BrooksJames BrooksJim BrooksJudith Brower FancherAndrew BrownDrew BrownScott BrownToran BrownLeslie BrowneJohn BrownleeAndrew BruceDavid BugattoHenry BullockJay BullockBrigg BunkerGlenn BurdickKathleen Burgi-SandellMark BurklandThomas BurlesonKathryn BurnsHafsa BurtBrad BurtonThomas BurtonPeter BurwashJohn BuzaChristopher CacherisLynn CadwaladerBenjamin CadwellBrad CalbertMargaret CaldwellPatrick Callahan u

Earl CallisonDouglas CameronChristine CampEric CampbellMatthew CampbellBrian CaninSusanne CannonKevin CantleyGreg CarlsonIan CarltonAndrew CarmodyJay CarnahanJeffry CarpenterRichard CarrGeorge CarrasSusan CarrasChristopher CarrollPriscilla CarrollJanice CartwrightEdward CasalJames CaseyRoss CassataPeter CassianoAnthony J. CataneseTodd CatherRichard CentolellaDavid ChandlerJohn ChandlerRajesh ChandnaniFoster ChapmanTheddi ChappellVishal ChawlaJason CheckTaylor ChessScott ChisholmAnnu ChopraJames ChrismanChad ChristensenMarvin ChristensenWilliam ChristianMichael ChristopherJohn CignaPatricia ClareJay ClarkRebecca ClarkStephen ClarkChip ClarkeWilliam ClarkeJohn ClasseLeanne CobbDave CocagneRobert CochranDaniel CohenGerald CohenGeorge ColeJeffrey ColePeter ColeMaggie ColemanMichael CollinsRichard CollinsWayne ComerW. Aaron Conley

Thomas ConnollyScott ConradRichard ContiRalph ContiDaniel ConwayAndrew CooperJeffrey CooperJerome CooperKeith CopakenPeter CorbettJoseph CorcoranBlake CordishDaniel CorfeeKyle CorkumMary CorleyPaul CorleyJonathan CorneliusKathleen CortonGregory CoryElizabeth CostelloSean CostelloWilliam CotterJohn CottleStephann CottonVictoria CottonRoss CowanElizabeth CowlesScott CoxCatherine CoyleSteve CoyleVincent CozziLeeAnn CrabbeChris CrawfordT.L. Omowale CrenshawRodney CrimAnthony CrooksRichard CroteauTodd CrowKevin CrummyCharles CunniffeThomas CunninghamRux CurrinChristopher CurryNormaLynn CutlerWarren DahlstromArthur DanielianJeffery DanielsPeggy DaSilvaEliza DattaCatherine DaumeBruce DavidsonChip DavidsonJohn DavidsonJack DavisDavid De VosTammy De WeerdJuan DeAnguloJeffrey DeBoerAndrew DeckasRobert DeckeyDonna Deerin WardDiane DeFeliceJeff DeisDale DekkerJohn DelatourThomas DelatourJoseph DeLucaJ. Paul DeMyerR. Scott DennisMichael DepatieCarl DeteringDarryl DewberryKim DiamondRand DiamondRichard DickinsonJohn DiColaPeter DiCorpoRichard Diedrich u

Peter DiLulloCharles DilworthJohn DiMareBrian DinersteinSara DoelgerRosalyn DoggettGeoffrey DohrmannPaul DonahueBruce DorfmanRobert DotyStephen DouglassDavid DoupeErik DoyleJohn DragatDebra DremannBrian Driscoll

Ronald Druker uMark DrummAndrew DubillAdam DuckerTamara DudukovichChris DueyTimothy DuganMelina DuggalAundre DukesDavid DuncanJames DunlopChris DunnFrank DutkeSharon Dworkin BellTerry EakinMorgan EarnestPatricia EarnestJohn EberleGeorge EckardJohn EddyRobert EdelsteinJames EdisonJosh EdwardsMarc EhrlichPryse ElamMichael ElizondoJonathan EllenzweigPaul EllisBrett EllsworthSteven ElrodConnie Emmitt-SternBarbara EmmonsStephen EngelKrystal EnglandGerald E. EngleCollete English DixonRobert EngstromDouglas ErdmanBruce ErhardtTripp EskridgeRaymond EvansElizabeth FairchildPhilip FankhauserThomas FarrellJ. Terrence FarrisKevin FaxonSteven FayneDavid FazekasCarlos Febres-MazzeiBen FedewaArthur FeffermanJames FeildBob FerozePaul FerreiraDarryl FessDavid FinemanWade FingerPeter FiorettiJohn FishTed FlaggDavid FlanaganJames FlynnRobert FolzenlogenJonathan ForeCynthia FosterGregg FosterClayton FoulgerChristopher FramptonJoseph FraserMartin FreedlandKemper FreemanKyrus FreemanMichael FreemanTerry FreemanCharley FreericksJan FreitagPaul FreitagTimothy FrensSamuel FreshmanPhilip FreyPaul FriedLewis FriedlandJeff FriedmanJerald FriedmanJoshua FriedmanMyles FrielDonn FullerFrank FullerSamuel FullerWes FullerMichael FultonDrew FungRichard GalehousePatrick Gallagher

John HempelmannErica HenningJennifer HernandezBrent HerringtonPeter HershJohn HeywoodM. Maxine HicksArthur HillM. Edward HillTodd HillDavid HilliardClint HindsDavid HirschbergKevin HitesThomas HobanScott L. HobbyJenny HodgePhilip HofmannGentry HoitRonald HolecekLiz HollandRichard HollidayJohnathan HolmesRandall HolmesDavid HoltonKevin HooverErik HorvatJames HouserD. Clayton HowellAndrew HudacekThomas HudsonGrace HuebscherDonald HuffnerTracy HugginsClaire HumberOgden HunnewellBradley HunterStill HunterMark HuppertJustin HurleyBrad HutenskyDavid IngramGene InzerE. Andrew IsaksonAllen JacksonChristopher JacksonMichael JacksonRandal Jackson u

William JacksonKevin JacobsMatthew JacobsJay JacobsonThomas JaekelBrian JamesDarcy JamesonWilliam JanesFrank Jansen u

Guy JaquierN. William JarvisSteven JasaSarah JelencicBenton JenkinsLynn JerathDennis JerkeMonica JindiaEric JohnsonJeffrey JohnsonMichael JohnsonNeal JohnsonScott JohnsonStephen JohnsonStephen JonesEdwin JordanLance JosalMaureen JoyceRobert JueJohn JuglKevin KabernaRudy KadlubTheodore KahanLani Kane HananJarett KaplusJonathan KardonLee KarnyAlvin KatzMichael KatzChristine KaufmanJoel Kaulbill kearnsPhilip KebKenneth KecskesRobert KeithSteven KellenbergJason Keller

David GalowichTheodore GambleLarry GarganoSteven GarrettPeter GarverJames GarveyJames GascoigneJohn GavinJonathan GeanakosAndrew GenovaSuman GeraEdward GeraghtyEugene GeritzPeter GerneyClaudia GersterCatherine Gessert MossmanShelton GetterPaul GeyerMichael GiaimoWill GiambalvoStewart GibbonsThomas GibsonSteven GichnerAlexander GilbertDavid GilbertDavid GilmoreRussell GiniseCarine GirardinJack GlottmannW. Douglas GoffLarry GolinskyRichard GomelGary GoodmanThomas GoodsitePaul GordonMichael GorgeJoseph GorinAlan GosuleGregory GotthardtSharon GrambowDavid GrannisGene GrantPatrick GrassoClifford GravesRose GrayJonathan GrebowBarry GreenDaniel GreenAlan GreenwaldMichael GroveRobert GrowR. Gordon GrubbClaude GruenNina GruenStuart GruendlEdward GrunRyan GuheenNeal GumbinJeffrey GumbinerTerri GumulaChristopher HagerSteve HaggertyDonald HagueJames HahnRodney HallToxey HallMichael HalperinJohn HammerschlagMichael HammondJeff HandlinJack HannumErik HansonR. William HardDavid HaresignKeith HarneyScott HarperAmos HarrisJeffrey HarrisChristopher HartungH. Darrell HarveyRonald HarwickPhilip HawkinsRandolph HawthorneCharles HazenJames HeddenMichael HeddenBohdy HedgcockMartin HeflinJim HeidRalph HeinsJason HellendrungJeffrey HellerWoody HellerJeff Helminski



H E A D E R ? ? ?U L I F O U N D A T I O N A N N U A L F U N D

John HempelmannErica HenningJennifer HernandezBrent HerringtonPeter HershJohn HeywoodM. Maxine HicksArthur HillM. Edward HillTodd HillDavid HilliardClint HindsDavid HirschbergKevin HitesThomas HobanScott L. HobbyJenny HodgePhilip HofmannGentry HoitRonald HolecekLiz HollandRichard HollidayJohnathan HolmesRandall HolmesDavid HoltonKevin HooverErik HorvatJames HouserD. Clayton HowellAndrew HudacekThomas HudsonGrace HuebscherDonald HuffnerTracy HugginsClaire HumberOgden HunnewellBradley HunterStill HunterMark HuppertJustin HurleyBrad HutenskyDavid IngramGene InzerE. Andrew IsaksonAllen JacksonChristopher JacksonMichael JacksonRandal Jackson u

William JacksonKevin JacobsMatthew JacobsJay JacobsonThomas JaekelBrian JamesDarcy JamesonWilliam JanesFrank Jansen u

Guy JaquierN. William JarvisSteven JasaSarah JelencicBenton JenkinsLynn JerathDennis JerkeMonica JindiaEric JohnsonJeffrey JohnsonMichael JohnsonNeal JohnsonScott JohnsonStephen JohnsonStephen JonesEdwin JordanLance JosalMaureen JoyceRobert JueJohn JuglKevin KabernaRudy KadlubTheodore KahanLani Kane HananJarett KaplusJonathan KardonLee KarnyAlvin KatzMichael KatzChristine KaufmanJoel Kaulbill kearnsPhilip KebKenneth KecskesRobert KeithSteven KellenbergJason Keller

Michael KellyWilliam KellyCharles KendrickJohn KennedyWhitney KerrJohn KesslerRichard KesslerA. Jerry KeyserPat KileyKelley KingJeff KingsburyG. Allan KingstonJason KlaitmanDan KleinMichael KleinRobert KleinKim KoehnCarl Koelbel uTodd KohliV. Michael KomppaDaniel KoscherHoward KozloffStanley KraskaSteven KratchmanJohn KratzerRyan KrauchWilliam KrauchGreg KrausPaul KruegerDonald KuemmelerDouglas KuligSandra KulliRaymond KunianskyMarc KurbansadeDonald KurdzielChristine KwakWilliam LaceyMike LafitteEdward LaGrassaKirk LaguartaHarry LakeJohn LakhaniChristopher LambertHenry LambertKevin LambertSophie LambertJames LampassiRick LamprechtCharles LandeMark LanspaKeith LargayTom LarimerEric LarsenLori LarsonWilliam LashbrookRichard LatellaWade LauKelli LawrencePaul LayneMatthew LazenbyDavid LeazenbyJin LeeScott LeeScott LeeSidney LeeThomas LeeDrew LeffJohn LehighAustin LehrRichard LeiderDavid LeiningerSteve LekkiBrian LeslieJay LeuppLewis LeveySamuel LevinsonJerry LevyJohn LevyRenee LewisFrank LiantonioScott LiebmanAndrew LightSteven LimJanice LinGary LinhartPeter Linneman u

James LinsleyPamela LippeJane LloydDaniel LoboKeith LockerDavid LodwickMarci LoeberMark Lomanno

Charles LongJoe LongAnthony LoPinto u

Michelle LordMychele LordEmerson LotziaBrian LoveLester LoveMichael LoweRex LoweKen LowneyJeremiah Lucey u

Michael LulloColin LundWalter LynchGreg LyndsBrendan MacDonaldDavid MacDuffColm MackenKevin MacKenzieHenry MacNairWilliam MacneilJohn MacomberPhilip MaderCharles MadisonSteven MageeWilliam MaherHeidi MajerikPeter MalecekEmil MaliziaTaylor MammenAndrew MandellLinda MandoliniJohn A. MannixJ. Steven ManolisJames ManskeyAnthony Mansour uPaul MarcusHoward MargolisChris MarinoFernando MarquezWarren MarrSteven MarshJames MartellAimee MartinJohn MartinPaul MasJay MassirmanJoan MateraRobert MathewsMichael MaxwellMichael MayJonathan MayblumJeff MayerJoel MayerRobert MayerBernard McAuleyMolly McCabeAndrew McCaigJacinta McCannPatrick McClearyRichard McClintockJennifer McConkeyKathleen McCormickTy McCutcheonJerry McDevittJeffrey McDonoughNyal McDonoughStephanie McFaddenTerry McHughIan McKayKimberly McKayThomas McKayAllan McKelvieRobert McKimD. Scott McLainMichael McMenomyEdwin McMullenJeffrey McQueenMichael McRobertsAlberto MedinaPaul MeglerDavid MehlKelly MeissnerThomas MelodyManuel MenendezLee MenifeeRoland MerchantSeth MerewitzFrederick MerrillTed MessnerMark MeyerRichard MildnerScott Miller

Stuart MilsteinChristopher MiltonJean Minskoff GrantJ. Jarrett MintonKeith MisnerMaura MoffattByron MogerJohn MonahanCaroline MooreJames MooreJonathan MooreLeroy MooreRichard MooreStefan MooresCharles MorganKevin MorgensternJohn MorsbachPaul MouchakkaaKristin MuellerPaige MuellerCarl MulacKevin MulhallFrank MuracaMichael MurilloMichael MurphyTed MurrayJames MusbachR.C. MylesDan NaefKelly NagelFrancis NardozzaGleb NechayevJoseph NecklesPauline NeeJonathan NeedellDionne NelsonJeffrey NewmanRichard NewmanRandy NicholsKerry NicholsonJeffrey NickellTyler NiessRobert Nilsson u

Rex NobleDavid NordenJohn NorjenPaul NovakJared OakesJordan O’BrienMalcolm O’DonnellWilliam O’DonnellJohn OharenkoJames O’KeefeLucy O’LaughlinDiane OlmsteadThorleif OrndahlMichael O’ShaughnessyPaul OstergaardRichard PaceJames PageDavid PahlRobert PaleyDaniel PallaceAdam PalleyGary PalmerGeorge PandaleonDennis PanzerGeorge PappadopoulosHoward ParelskinAlan ParkinRobert ParsonsMehul PatelJohn PatelskiTim PattisonBrian PaulsGene PayneOnay PaynePhilip Payne u

Marv PearlsteinStephanie PearsonChristopher PeatrossRobert PeckDaniel PeekRichard Peiser uBrent PendletonJuan Diego Perez-VargasKathleen PerkinsonDiana PermarIone PermisonFrederick PerpallHarold (Skip) Perry Jr.Natalie PerryShannon Perry NicholsRichard Petersheim

David GalowichTheodore GambleLarry GarganoSteven GarrettPeter GarverJames GarveyJames GascoigneJohn GavinJonathan GeanakosAndrew GenovaSuman GeraEdward GeraghtyEugene GeritzPeter GerneyClaudia GersterCatherine Gessert MossmanShelton GetterPaul GeyerMichael GiaimoWill GiambalvoStewart GibbonsThomas GibsonSteven GichnerAlexander GilbertDavid GilbertDavid GilmoreRussell GiniseCarine GirardinJack GlottmannW. Douglas GoffLarry GolinskyRichard GomelGary GoodmanThomas GoodsitePaul GordonMichael GorgeJoseph GorinAlan GosuleGregory GotthardtSharon GrambowDavid GrannisGene GrantPatrick GrassoClifford GravesRose GrayJonathan GrebowBarry GreenDaniel GreenAlan GreenwaldMichael GroveRobert GrowR. Gordon GrubbClaude GruenNina GruenStuart GruendlEdward GrunRyan GuheenNeal GumbinJeffrey GumbinerTerri GumulaChristopher HagerSteve HaggertyDonald HagueJames HahnRodney HallToxey HallMichael HalperinJohn HammerschlagMichael HammondJeff HandlinJack HannumErik HansonR. William HardDavid HaresignKeith HarneyScott HarperAmos HarrisJeffrey HarrisChristopher HartungH. Darrell HarveyRonald HarwickPhilip HawkinsRandolph HawthorneCharles HazenJames HeddenMichael HeddenBohdy HedgcockMartin HeflinJim HeidRalph HeinsJason HellendrungJeffrey HellerWoody HellerJeff Helminski

John PetrovskiTheola PettewayJohn PhilipchuckJames PhillippRobert PinkardJoseph PitchfordLou PlasenciaKalvin PlattRoger PlattTodd PlattRichard PlummerJoshua PoagJody PokorskiMichael PolentzWillis Polite u

Marc PollackJames PorterKen PortnoyJames PostweilerDaniel PoulinRichard PoulosDouglas PoutasseGregory PowerMichael PowersR. Thomas PowersGlenn PrestonAmy PriceJames PriceJoshua PristawSteve PritulskyMatthew PullenSteven PumperLat H. PurserDavid QuigleyB. Douglas QuimbyWhayne Quin u

Michael RacyWalter RakowichGary RalstonLance RamellaGary RappaportJames RatkovichJonathan RatnerRobert RedikerLee RedmondJohn Reed u

David RegenbaumTodd RegoniniAllison ReidBrent ReidSoultana ReigleAustin ReillyJeffrey ReimanThomas ReimanBen ReinhardsenJeff ReinholdVincent ReynaJohn ReynoldsWilliam Reynolds u

David RicciBob RichardsonTimothy RicheyW. Pretlow RiddickKevin RiegerAlan RiffkinKevin RileyMark RileyCarleton RiserMalaika RiversWill RivettCraig RobbinsThomas RobertsWilliam RobertsAndrew RobinsNeil RobinsonRichard RobinsonMichael RodgersKenny RodriguesTrini RodriguezKurt RoeloffsMichael RoepckeRobert RogersRichard RomeGeorgina RomeroShlomi RonenJohn Ropes u

Candace RosauroJoseph RoseLawrence RoseRichard RossRichard RossStan Ross u

Steven RothRobert Rotticci

U L I F O U N D AT I O N A N N U A L F U N D | 5 9


U L I F O U N D A T I O N A N N U A L F U N D

Mark RubinKatherine Rudolph-DarlingRobert RuffattoTeresa RuizGregory RushPhilip RussTerence RussellMichelle RussoGreg RyanKirby SackLynne SagalynJun SakumotoPablo SalaLee SaltzmanScott SambadeVincent SandersMike SanfordCherie Santos-WuestShelley SantulliMichael SarkoziRandall SaterRoss SatterwhiteMark SaturnoRobert SchaedleBradley SchaferRichard SchauppSheridan SchechnerJeremy ScheetzHunter SchenkRichard SchierburgJames SchmidNancy SchmierbachMark SchoenfeldScott SchoenherrJohn SchraderAndrea SchultzGregory SchultzMark SchurginMichael SchwaabDouglas SchwartzSteven SchwartzMike SchwarzJudi SchweitzerSteve ScottMark ScullyLynn Sedway u

Matthew SegrestMichel SeiferAnthony SeijasArnold SeitelRichard SerfasDouglas SeslerRobert SessaSuril ShahGlenn ShannonJay ShapiroJohn ShardlowJustin ShawStephen SheleskyJames SheltonJohn SheridanRobert SherwoodRuth ShikadaVladimir ShlafmanJohn ShooshanNina ShorNoah ShoreSteven ShoresBill ShubinWilliam ShubinClaudia SiebSandy SilvermanJamie SimchikBob SimpsonDrew SingerCharu SinghEllen SinreichPaul SissonAndrew SiwulecTeri Slavik-Tsuyuki

Neal SleeperMatthew Slepin u

Michael SlevinMatthew SloanAlbert SmallAndrew SmigielskiDouglas SmithJames SmithMichael SmithNathaniel SmithRoss SmotrichK. Stanley SokoloveDavid SolesWilliam SonntagNishu SoodCynthia SpallHilary SpannBryant SparkmanFrank SpencerWes SpikerSteven SpillmanDanielle SproulsWilliam SrinivasanDaun St. AmandDaniel St. ClairRandall StadtmuellerRobert StangDavid StebbinsJ. Michael StedmanMark SteelePeter SteilRobert Steinberg u

David SteinwedellChris StephensMark SternMartin SternRobert SternWilliam StevensMartin SteverAndrew StewartJames StifelTucker StineNicholas StolatisPete StoneWilson StoneDavid StrangeMark StraussGeoffrey StrickerCheryl StricklandLinda StriefskyMatthew StroymanSpencer Stuart Jr.Jo Anne StubblefieldSusan StupinFrank SullivanMary SullivanMichael SullivanWilliam SwackhamerEric SwansonEmily SweitzerTiffany SweitzerKirk SykesNathan TaftJon TaltyRusty TamlynNoelle TarabulskiWilliam TaubmanAngel TaverasDavid TaylorDeeni TaylorJessica TaylorGary TeagueCharles TealJamie TelchinJeff TempleGary TeschGregory ThatchRobert ThiergartnerCora Bett ThomasWilliam Thompson

Mark ThorneBryan ThorntonDavid ThorpeJames ThreattMo TidemanisDavid TiltonMalee TobiasMichael TorresJoseph TracyClifford TreeseHarriet TregoningAnthony TrellaGeorge TremblayKatie TroutmanCharles TseckaresJoseph TufarielloBryce TurnerC. Christopher TurnerRobert TurnerColin UnderhillRobert UnderhillJohn UnwinJeffrey UsowRobert VahradianStephen Van DusenMichael Van EppPhilip Van SyckleRussell VandenburgWayne VandenburgBill VanderstraatenPatrick VedraNeil VinyDon VitaCharles VogelRodney VogelPeter VolasRichard von LuhrteRobert VoylesKimberly WachenLee WagmanWilliam WaldronKenneth WalkerTaylor WalkerStan WallF. Bogue WallinJohn Walsh u

R. Warren WaltersJonathan WangRichard WardJim WarmingtonRanne WarnerLeonard WassermanPaul WassermanEva WassermannWilliam WatchDavid WatsonMonty WatsonTodd WatsonJohn WattNadine WattSusan WattsJ. Ben WaufordGeorge WeidenfellerAdam WeinerCarl WeisbrodAndrew WeissAdam WeissenbergPhilip WellerPeter WeltchekJennifer WenzelMichael WernerJ.R. WetzelPhilip WhartonChris WheelerMichele WheelerJames WhelanGary WhiteThomas WhiteTimothy WhiteW. Clifford WhiteAndrea WhitewayWilliam WhitlowGary WigginRichard WilhelmJohn Williams u

Smith WilliamsStuart WilliamsTimothy WilliamsonA. Michelle WillisBradley WilmotMark WilsmannAlan WilsonJon WilsonThaddeus Wilson

Michele WimplingJonathan WinerJeffrey WingertMatthew WinnMichael WinterMichaela WinterJohn WintherKenneth WitkinBeth WitteG. Ronald WittenJ. Mark WolfLawrence WolfeJohn WolffAlex WongDavis WoodWistar WoodJeff WoolsonJim WorkmeisterJeffrey WortheCraig WrenchRuth WuorenmaMatthew WymerClint WynnDiane YepStephen YndoEdward YonGeorge YorkMichael YoungRobert YoungentobNancy Zabriskie McGrathThomas ZachariasMathieu ZahlerSean ZascheDavid ZehnderKenneth ZiebelmanTimothy ZietaraScott ZimmerlyHillary ZimmermanRoger ZinoKevork ZoryanAllan ZreetMark Zytko

The Jeffrey S. Kahan Full Member Fellowship FundThe Family of Jeffrey S. KahanValerie AchtemeierJeffrey BarclayPeter BechenFaye BeverettDouglass BondPamela Schmidt BonehamHarvey CaminsJames CarpenterJack CohenFrank CreamerJames Curtis IIIMichael DardickJohn DiColaAndrew EbbottBruce EtkinWilliam FausoneJack FrakerAndrew FriedmanJeff FriedmanJonathan GeanakosMark GibsonThomas D. GruseckiJohn HagestadTrish HealyTyler HigginsDorine Holsey StreeterGuy JaquierWade C. LauJane LloydJohn MannixJohn McGurkJohn McKinnerneyRobert MiceraDonald MillerJonathan MirkinDavid NausChristopher NoonPerry PintoTodd Platt

Douglas SchwartzMichael TorresThomas WattlesDennis WilliamsStephen Williams

Memorial Gift DonorsThe Bohannon FoundationCynthia BirminghamPaul BoschettoPreston Butcher uJohn CushmanCushman & Wakefield of

California, Inc.Bowen “Buzz” McCoy u

Carole McNeilRobin MichelSusan PatteeSkyline ConstructionThe Wells Fargo Foundation

ULI Staff DonorsCorinne AbbottLela AgnewPhyllis AlzamoraGayle BerensJustin BeveridgeSteve BlankJoan CampbellKathleen CareyCraig ChapmanCarla ColemanMary Beth CorriganCheryl CumminsCaren DewarBernadine DullaghanJohn FitzgeraldCate GogolLuis GonzalezSara HammerschmidtLori HatcherWill HeywoodJessie HimmelrichAndrea HolthouserMichael Horst uDavid HowardRob KingJerry KirschenmanJoseph KlemAnita KramerNicholas LallaDaniel LoboMary LydonKelly MannIskra MarinovaEdward McMahonThomas MitchellDavid MulvihillPhillip NelsonChristopher NoyesJulie PaulPatrick Phillips u

George PriorJason RayElizabeth RazziTrisha RiggsDavid RoseLynn RossLisa RotherDean SchwankeBrandon SedloffElliot SteinCaroline SullivanHeidi SweetnamDebra SydenhamAnn TaylorMichael TerseckDebra ThrockmortonMarilee UtterStephanie WasserJessica WaymouthYasmine Yates-KidwellJessica Zimbabwe

u denotes ULI Foundation Governor

“Your contribution supports programs that spark change, drive new thinking, and make a visible difference.”

—Jeff Stack, Annual Fund chairman



u denotes ULI Foundation Governor

About the Urban Land Institute

The mission of the Urban Land Institute is to

provide leadership in the responsible use of land

and in creating and sustaining thriving communities

worldwide. ULI is committed to

■ Bringing together leaders from across the fields

of real estate and land use policy to exchange best

practices and serve community needs;

■ Fostering collaboration within and beyond ULI’s

membership through mentoring, dialogue, and

problem solving;

■ Exploring issues of urbanization, conservation,

regeneration, land use, capital formation, and

sustainable development;

■ Advancing land use policies and design practices

that respect the uniqueness of both the built and

natural environments;

■ Sharing knowledge through education, applied

research, publishing, and electronic media; and

■ Sustaining a diverse global network of local

practice and advisory efforts that address current and

future challenges.

Established in 1936, the Institute today has more

than 30,000 members worldwide, representing the

entire spectrum of the land use and development

disciplines. Professionals represented include

developers, builders, property owners, investors,

architects, public officials, planners, real estate

brokers, appraisers, attorneys, engineers, financiers,

academics, students, and librarians.

ULI relies heavily on the experience of its members.

It is through member involvement and information

resources that ULI has been able to set standards

of excellence in development practice. The Institute

has long been recognized as one of the world’s

most respected and widely quoted sources of

objective information on urban planning, growth,

and development.

ULI and ULI Foundation Headquarters1025 Thomas Jefferson Street, NWSuite 500 WestWashington, DC 20007United [email protected]: 1-202-624-7000

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Documents

Archive - ULI - Urban Land Institute DEVELOPING …archive.uli.org/ULIAnnualReport2013.pdf˜ The second ULI Asia Paciﬁc Real Estate Summit in Shanghai built on the success of the