JENNIFER L. MILLIKEN, AICP

APA-IN FALL CONFERENCE

OCTOBER 20, 2011

Thinking Strategically:Using Data to Drive Decision-making

Summary

Arm yourself with data to be strategic. Be treated to a sneak preview of Real Estate Trends in Indiana -2012, a production of ULI-Indiana. Topics will include the prospects for real estate in Indiana in 2012, our point in the real estate cycle, and key issues to real estate practitioners today, including what issues they think need government intervention.

Background/Context

Examples of continued tension between “Planning” and “Plan Implementation” (from LinkedIn)

“Real Planners not only plan but also devise innovative strategies to get their plans implemented.”

“Increasingly Planners are key implementers along the entire real estate development delivery system. "Planners" (a title which I contend is a misnomer) transform the built environment of cities.”

Potential for evolution of “Strategic Planning”

“Strategic Planning” goes beyond “painting a vision,” to answer questions like: “Who is going to carry it out?” and “How - what are the steps to take?”

Perhaps to take Planning to the next level, or just to adapt to today’s economic environment, planners should also be asking “Does it make sense?” and “When - is this the right time?”

Thus, this session will arm planners with key data they need to be strategic.

Learning Objectives

1. Anticipate the expected outlook for construction, real estate investment, and real estate services in Indiana in 2012. Anticipate the longer-term outlook for various land uses (industrial, office, multifamily, etc.) based on the real estate cycle.

2. Identify current topics of interest to the real estate development community, and which may serve as a bridge to the interests of planners. Identify issues the real estate development communitybelieves require government action.

3. Consider how this data applies to their communities, think more strategically, and consider potential actions they might take.

ULI and the Real Estate Trends Project

Urban Land InstituteOriginated 1936Professional organization devoted to land use & developmentMajority of members work for for-profit organizations

There is a financial bent to some, but not all of ULI’s publications and programming28,500 Members in 100 Countries (4,000 outside U.S.)

48 U.S. Councils (5 in Europe) (subject-focused)51 U.S. District Councils (14 in Europe) (location focused)

Emerging Trends in Real Estate Published each Fall by Price Waterhouse CoopersDate in title always refers to the coming year (i.e. about to release 2012) Based on survey of members

Indiana District Council Founded 2006, became an official council in 2008.Began “Real Estate Trends in Indiana” in 2008Have published RETII for 2009, 2010, 20112012 will be published November 28

2011-2012 Changes

New ULI priorities have led to changes in our questions.

Survey launched yesterday, October 19.

Survey will close November 2.

Published results will be available November 28 at Scottish Rite Cathedral in Indianapolis.

For more info go to: http://indiana.uli.org/

Real Estate Trends in Indiana 2011

Survey Respondents

Industrial Uses

Office Uses

Retail Uses

Multifamily Uses (i.e. Rental)

Single Family Uses (i.e. owner-occupied)

Land Development

Prospects by Activity

Prospects for Public Sector Construction

Prospects by Location

Prospects by Location

Important Issues

Important Issues

Changing Business Models

Importance of Government Intervention

Importance of Government Intervention(cont.)

RETII - 2012

ULI Priorities

Promoting Intelligent Densification and UrbanizationWhat are the most responsible ways to provide cost-effective housing for a rapidly increasing global population that is becoming increasingly urbanized?

How can we advance the understanding of the relationship between a high-quality of life and the built environment to create high-quality, appropriately-priced density that is attractive to users?

What is the relationship between a thriving economy and a thriving city (and vice versa)-the relationship between a dynamic society and the built environment?

Creating Resilient CommunitiesWhat are the best new business models in the real estate and land use industry and how can we support their development?

How can we best adapt and reuse existing real estate while eliminating obsolete space to create thriving communities?

How can we influence land use leaders locally and around the world as they reshape the process of community building and developing both social and physical infrastructure?

ULI Priorities

ULI Priorities

Understanding Demand and Market ForcesHow can we best understand the demand (quantity, type, price, and location of the need) for real estate and discover what the market wants short-term versus what the market needs long-term

How can we help balance local, regional, national, and global interests as well as public and private interests in terms of how they affect land use decisions and development?

How will changing technology influence building and buildings, and how will people’s use of technology influence how they interact with the physical environment?

ULI Priorities

Connecting Capital And The Built Environment Through ValueHow can we best generate value in the built environment that is greater than its cost?

What are the best ways to ensure the attractiveness of real estate as an investment as institutional capital allocators continue to change and become more global?

What is the most effective way to demonstrate and explain the relationship between investment in public projects *(including infrastructure) and amenities and the impact on real estate value?

ULI Priorities

Integrating Energy, Resources, and Uses SustainablyHow can we best reduce the negative impact of the built environment on our natural resources and climate?

What are the best ways to use the world’s energy resources and protect the built environment from volatile and unpredictable conditions?

How will trends in energy and resources impact the future best use of land?

Next Steps

Next Steps

Does the data help you identify any risks/concerns?How do these findings impact the amount of land and structures devoted to various land uses in your community?

Do you expect any changes in your community based on this data?

Or do you expect things will stay the same?

What will you do about it?

Does the data give you any ideas of opportunities for:Collaboration?

Education?

Change?

Please complete the survey to provide 360 degree feedback for ULI-Indiana. http://indiana.uli.org/

About the spreaker

Jennifer Milliken earned her Bachelor of Urban Planning and Development from Ball State in 1994, and a Master of Public Administration from Florida Atlantic University in 1997. She has worked as a local government planner and as a planning consultant, and has taught courses at Ball State’s Department of Urban Planning as an Adjunct Instructor. But the majority of her career (12 years+) has been specialized in housing. She currently works for the Indiana Housing and Community Development Authority and has certifications in the CDBG, HOME and LIHTC housing programs.

Jennifer has belonged to APA since 1990 and is a member of AICP. She is an experienced speaker at APA and other events. She also is a member of the Urban Land Institute and is board member of ULI-Indiana, and manages that organization’s annual Real Estate Trends in Indiana project.