David Shulman is a senior economist for the UCLA Ziman Center for Real Estate and the UCLA Anderson Forecast. Dr. Shulman serves as the lead Forecast economist in charge of preparing write-ups of the project's quarterly national macroeconomic forecasts. He writes a special real estate topic for the June UCLA Anderson Forecast, jointly sponsored by the UCLA Ziman Center. During the course of the year, Dr. Shulman speaks at various Ziman Center functions and prepares several essays on issues of concern to the real estate community. Utilizing his recognized expertise in REITs, he pays special attention to real estate capital markets.
In March 2005, David Shulman retired from Lehman Brothers where he was Managing Director and Head REIT analyst. As the managing member of his own LLC, he is engaged in educational and charitable activities, including being an Distinguished Visiting Professor at Baruch College and a Visiting Professor at the University of Wisconsin.
Before joining Lehman Brothers in 2000, Shulman was a member and Senior Vice President at Ulysses Management LLC from 1998-1999, an Investment Manager of a private investment partnership and an offshore corporation, whose investment capital approximated $1 billion at the end of 1999.
From 1986 to 1997, Dr. Shulman was employed by Salomon Brothers Inc. in various capacities as their Director of Real Estate Research from 1987 to 1991, Managing Director in 1991, and Chief Equity Strategist from 1992 to 1997. As Salomon Brothers' Chief Equity Strategist, Shulman was responsible for developing the firm's overall equity market view and maintaining their list of recommended stocks. In addition, he was widely quoted in print and electronic media and coined the terms "Goldilocks Economy" and "New Paradigm Economy." In 1990, Dr. Shulman won the first annual James A. Graaskamp Award for excellence in real estate research from the Pension Real Estate Association (PREA).
David Shulman received a BA from Baruch College in 1965, an MBA in 1966 from the Graduate School of Management at UCLA; and his Ph.D. in 1975 with a specialization in Finance.
Dr. Shulman is currently a member of NAREIT's Real Estate Investment Advisory Council. He also blogs at Shulmaven.blogspot.com.