Real Estate Economic Forecast: A Survey of Leading Real Estate Economists and Analysts

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October 11, 2017
1:00 pm - 2:00 pm
Live Online
Online DC United States
Capital Markets and Real Estate


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You’re invited to join us on Wednesday, October 11, at 1:00 p.m. ET for an exclusive, complimentary webinar for ULI members and the media.

Where do the experts see key economic and real estate indicators moving by the end of 2017, 2018, and 2019? During this members–only webinar, hear a lively debate among leading economists and analysts who participated in the Real Estate Economic Forecast survey as they explain or defend their views. Ask questions or challenge the consensus about what’s ahead for the real estate industry in 2017 and beyond.

The semiannual ULI Real Estate Economic Forecast survey provides forecasts for 27 economic and real estate indicators, including the following:

  • GDP
  • Employment
  • Inflation
  • Interest rates
  • Capitalization rates
  • CMBS issuance
  • Property transaction volumes and price growth
  • REIT returns
  • Investment returns for four property types
  • Vacancy/occupancy rates and rents for five property types
  • Housing starts and price growth.


ken_rosenKen Rosen, Chairman, Rosen Consulting Group

Ken Rosen is Chairman of Rosen Consulting Group, a real estate market research firm, Chairman of the Fisher Center for Real Estate and Urban Economics, and Professor Emeritus and California State Chair of Real Estate and Urban Economics at the Haas School of Business at the University of California, Berkeley. Mr. Rosen has been a trustee of the Urban Land Institute and is a member of the board of directors of several non-profit and for-profit entities that deal with real estate finance and development. Also, Mr. Rosen served as the special real estate adviser to The Davos World Economic Forum, and from 1985-1990 he was Consultant/Managing Director of Salomon Brothers’ Real Estate Research Department.
Mr. Rosen received his Ph.D. in Economics from the Massachusetts Institute of Technology, and a B.A. with highest honors from the University of Connecticut in 1970.

mark_wilsmannMark Wilsmann, Managing Director and Head of Equity Investments, MetLife Real Estate Investors

Mark Wilsmann is Managing Director and Head of Equity Investments for MetLife Real Estate Investors. Named to this role in 2012 in conjunction with MetLife’s launch of its real estate asset management business, Wilsmann is responsible for leading MetLife’s $25 billion direct property investment platform, investing on behalf of the MetLife General Account as well as institutional investors including public and private pension funds and sovereign wealth funds. His team recently established a new flagship open-ended fund, the $2.8 billion MetLife Core Property Fund, as well as core/core-plus managed accounts.

Between 2003 and 2012, Wilsmann led MetLife’s commercial mortgage lending business, directing product design, pricing, and origination activities and chairing the investment committee. Under his leadership, MetLife became recognized as the top life company portfolio lender, with annual lending volume averaging more than $10 billion.

Over his 27-year real estate career with MetLife, Wilsmann held roles in asset management, acquisitions, loan production, portfolio management, regional operations, and merger integration. He served on the board of directors of the Mortgage Bankers Association and the leadership of the Commercial Mortgage Board of Governors of the MBA. He is a trustee and member of the Urban Land Institute, and is a member of the Pension Real Estate Association, the Association of Foreign Investors in Real Estate, and the Capital Markets Committee of the Real Estate Roundtable.

Wilsmann holds a BA and MBA from Wake Forest University.

adam_ruggieroAdam Ruggiero, Director and Head of Real Estate Research, MetLife Real Estate Investors

Adam Ruggiero is a Director and serves as Head of Real Estate Research. He is responsible for research and strategy development in support of MIM Real Estate’s debt and equity platforms. In this role he works closely with MIM Real Estate’s regional offices and portfolio managers to craft the strategic house view, drive thought leadership initiatives, monitor domestic and international capital markets, and develop investment strategies designed to maximize returns while minimizing market, rate, and liquidity risks.

Prior to joining MIM Real Estate in 2015 Ruggiero was an Assistant Vice President with PGIM Real Estate. His duties there included fund level financial modeling, portfolio construction, and strategy development in addition to his role as the senior asset manager of $580 million in institutional quality assets located throughout the United States. Prior to his departure he served as PGIM’s Real Estate’s senior strategy analyst for the Retail, Hotel, and Self-Storage sectors and as one of the senior professionals on its Investment Research team.

dave_gilbertDavid Gilbert, Chief Executive Officer and Chief Investment Officer, Clarion Partners

David Gilbert is an equity owner and the Chief Executive and Investment Officer of Clarion Partners. He is a member of the Firm’s Executive Board and Operating Committee, as well as Chairman of the Investment Committee. David is also responsible for oversight of Clarion Partners’ Investment Research Group.He joined Clarion in 2007 and began working in the real estate industry in 1983. David is on the Board of Directors of the Pension Real Estate Association and on the Board of Trustees for the Urban Land Institute.

Tim Wang, Managing Director and Head of Investment Research, Clarion Partners

Tim Wang is a Managing Director and the Head of Investment Research at Clarion Partners. He helps manage the firm’s $43 billion of commercial real estate investments, and leads the Research group in supporting the development of investment strategy and advising on portfolio strategy through proprietary analytics and econometric forecasting. He joined the firm in 2006 and is a member of Clarion Partners’ Investment Committee. He is a frequent guest speaker at real estate investment conferences, has published numerous real estate research articles, and has co-authored five real estate strategy books, including Active Private Equity Real Estate Strategy (2009), Guide to U.S. Real Estate Investing (2009), Emerging Market Real Estate Investment: Investing in China, India, and Brazil (2010), Inside the Real Estate Fund Investor (2011), and Real Estate Mathematics (2011).

He is a member of the Urban Land Institute and currently serves on the PREA Research Committee (as Chair), the NCREIF Research Committee, and the Real Estate Research Institute Advisory Board. He holds an MBA from New York University and a Ph.D. from the University of Georgia.

Become a Member to Attend!

Registration for the “Real Estate Economic Forecast: A Survey of Leading Real Estate Economists and Analysts” webinar is open to ULI Members. If you are not yet a member, visit ULI’s membership page, contact, or call 800-321-5011 for more information.