August 10, 2001

The UCLA Real Estate Center Presents Multi-Family Housing Forecast Conference on Sept. 13

Los Angeles — UCLA Anderson's Real Estate Center will present a strategic economic and demographic overview of Southern California's multi-family housing market during its third annual conference on Thursday, Sept. 13, from 7:30 a.m. to 2:30 p.m. at UCLA Anderson.

Highlighted by the premiere forecast on the Los Angeles multi-family housing market, the Multi-Family Housing Forecast Conference brings together research and practice, providing participants with the latest information upon which to base critical business decisions. Industry and community leaders, government officials, property owners, developers and managers, capital and service providers, and academics will examine the opportunities and challenges facing those who own, build, develop, manage or invest in multi-family housing.

"The future vitality of Southern California's economy is heavily dependent on the availability of housing," said John Long, managing partner of Highridge Partners and chairman of the UCLA Real Estate Center. "The focus of this conference is to provide a forum for the presentation of real-time data and ideas to promote the development of multi-family housing in Los Angeles."

The event will feature a keynote address by Legacy Partners Chairman and CEO C. Preston Butcher on "Meeting California's Housing Challenge Through Private Initiative."

Stephen Cauley, associate director of the UCLA Real Estate Center, where he teaches real estate investment, will offer a leading indicator forecast designed to provide qualitative data on which to base strategic buy, sell, develop and hold decisions. Topics will include:


Market economic and demographic drivers that will impact demand for Los Angeles apartments.
Forecast for the region's rents, prices and capitalization rates.
Forecast implications for the financial and social viability of the Southern California economy.
Cauley's presentation will be followed by a panel discussion on the forecast's implications on public policy and private development. Moderated by Roger Vincent, commercial real estate editor of the Los Angeles Times, the panel will include Larry Kosmont, president and CEO of The Kosmont Companies; Laurie Lustig Bower, senior vice president of CB Richard Ellis; and Mark Pisano, executive director of the Southern California Association of Governments.

Michael F. Keeley, president of Ridgeford Partners LLC, will moderate a second panel discussion entitled "Crossfire -- Finding Common Ground in the Housing Crisis." The panel will feature private multi-family housing developers and advocates for affordable housing debating ways to address the housing shortage.

In addition, industry experts will lead break-out sessions on the following topics: "Chasing the Money," which will look at ideas for accessing debt and equity financing for apartments and condominiums; "Deals and Data," which will examine niche opportunities for multi-family housing, based on Los Angeles and Orange County sub-market research by CB Ellis; and "The New Nimbyism," which will deal with the myths and realities of the no-growth movement and strategies to move the development process forward.

Panel moderators are Scott L. Bottles, managing director, Real Estate Merchant Banking, Wells Fargo Bank; Robert J. Gardner, senior vice president, Robert Charles Lesser & Co.; and Benjamin M. Reznik, Esq., partner, Jeffer, Mangels, Butler & Marmaro LLP.

CB Richard Ellis, Deloitte & Touche, Highridge Partners and Pircher, Nichols & Meeks are sustaining sponsors of the conference. Contributing sponsors are Allen, Matkins, Leck, Gamble & Mallory LLP; Ernst & Young LLP; Fidelity National Title Company; GMAC Commercial Mortgage; George Smith Partners, Inc.; and Haverford Capital.

For reservations or further information about the conference, panels or how to register, contact The UCLA Real Estate Center, (310) 206-9424 or visit the center's Web site, located at www.anderson.ucla.edu/research/realestate.

The UCLA Real Estate Center at UCLA Anderson is led by Chairman John Long, Director Walter Torous and Associate Director Stephen Cauley. Its mission is to undertake an aggressive program of research, education and professional development within the real estate industry.

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