August 26, 2002

Ziman Center for Real Estate at The Anderson School Holds Fourth-Annual Multi-Family Housing Forecast Conference

WHAT:
The fourth multi-family housing conference will serve as a forum for discussion, analysis and projection of the effects of strategic economic and demographic factors that will impact the industry during the next 12-18 months.

In the last two years, the predictions for the Los Angeles multi-family housing market have been right on target. This year, Dr. Stephen D. Cauley, associate director of the Ziman Center, will present the first forecast for the entire Southern California region. Cauley and his staff will apply their research to give attendees leading indicators affecting buy, sell, develop and hold decisions. Topics covered will include: demand for apartments, rents, capitalization rates and implications for the financial and social viability of the Southern California economy.

Panel discussions and workshops with leaders from the private, public and non-profit sectors will examine opportunities and challenges for housing Southern California’s burgeoning population. The panels will address: forecasting implications for public housing policies and private development strategies, accessing debt and equity capital for the apartment industry, tracking opportunities for investment and development, and creating low cost and affordable housing in California.

Following lunch, conference attendees may choose three of five workshops from the subjects: entitlements, environmental issues, adaptive re-use, title and 1031 exchanges, or property management.

For more detail on the program and participants, as well as agenda updates, please visit www.zimancenter.com/conference.

WHO:
Keynote Speakers:

Richard Banks, president, west division, Archstone-Smith, keynote address, “A REIT Perspective on the Opportunities and Challenges in Southern California’s Multi-Family Housing Markets”
Jerry Brown, mayor, Oakland, Calif., luncheon address, “Oakland: A Case Study in Urban Revival”

WHEN:
Wednesday, Sept. 18, 2002
Registration: 7:30 a.m.
Conference: 8:15 a.m. to 3:30 p.m.

WHERE:
Skirball Cultural Center, 2701 N. Sepulveda Blvd., Los Angeles, Calif. 90049 (Located in the Sepulveda Pass between Los Angeles and the Valley and next to Mulholland Drive and the 405 Freeway)

BACKGROUND:
Now in its fourth year, the Richard S. Ziman Center for Real Estate’s Multi-Family Housing Forecast Conference is considered the preeminent event of its kind on the West Coast. It bridges the divide between research and practice, providing participants with strategies and information on which to base critical public policy and business decisions.

MEDIA:
Please contact Mary Ann Lowe in the media relations office of UCLA Anderson at (310) 206-1877 or via e-mail at media.relations@anderson.ucla.edu for more information or to register for the conference.

OTHER:
Members of the public should contact the Ziman Center office at (310) 206-9424 or via e-mail at zimancenter@zimancenter.com or visit www.zimancenter.com/conference for further information, sponsorship opportunities or to register. The conference is open to the public at a cost of $225 prior to Sept. 6 or $265 after Sept. 6.

Media Relations