DePaul University 
The Real Estate Center Newsletter
Developments
August 11, 2009
In This Issue
New Sustaining Sponsor Supports The Real Estate Center
PREA Institute: Changes in Institutional Real Estate
Continuing Education at The Real Estate Center
DREAA Happy Hour & Graduation Celebration
New Sustaining Sponsor: Origin Capital 
 
Origin Capital, a real estate investment firm that focuses on distressed opportunities in the commercial real estate market, has joined the ranks of The Real Estate Center at the Sustaining Sponsor level with a three year commitment of support.    
 
episcopeMichael Episcope, a recent alum and principal at Origin Capital, will serve as the designated Sponsor representative for Origin.  Episcope's primary responsibilities at Origin Capital include business development, loan workouts, risk analysis, and investor relations, and he has helped to form a business platform that is investor friendly, complete with the transparency he believes should be a part of all business models.
Mr. Episcope received his undergraduate degree in finance in 1994 from DePaul University and obtained his Master's of Science in Real Estate from DePaul University's Kellstadt Graduate School of Business with honors in 2008. 
 
Sustaining Sponsors play a major role in guiding the direction of The Real Estate Center; they participate in committees that govern the Center and may serve on the executive committee.  In addition, The designated Sponsor representative participates in one of six committees to help guide the direction of the Center.

View a full list of sponsor opportunities and benefits here.
PREA Institute: Changes in Institutional Real Estate
 
The Pension Real Estate Association (PREA) Institute hosted its annual All Star Symposium on June 23-24, 2009.  This symposium was a part of a series of rigorous educational programs conducted by PREA in cooperation with major universities.
 
WurtzebachDr. Charles Wurtzebach, the George L. Ruff Visiting Professor in Real Estate Studies in DePaul's Department of Real Estate, delivered a presentation to PREA members during the two day event.  Dr. Wurtzebach's presentation was entitled "Changes in the Institutional Real Estate Industry."  He discussed the lessons to be learned coming out of this most recent real estate cycle and how they are manifest in the institutional real estate industry.  Dr. Wurtzebach maintains that the "new lessons" being learned will be dominated by "old lessons" and the industry will have to go back to basics to be successful.  He believes major changes will also happen to the organizational structure of real estate investment managers.  Dr. Wurtzebach suggests that the roles of portfolio, asset and property manager will increasingly be pushed down to the property level.  Also, the financial strength and sponsorship of investment managers will be tested and the advisor-investor relationship will evolve going forward.
Continuing Education
 
Commercial & Industrial Leases
This course demystifies issues affecting both landlords and Jana Langstontenants as it walks you through the financial, managerial, and legal implications of office, industrial, and retail leases.
 
Date:        Thursday, August 20, 2009
Time:        9:00am-5:00pm
Location:   DePaul Center, 1 E. Jackson
Fee:         $300
Instructor: Jana Langston, Principal, Sight on Site LLC
 
REGISTER TODAY.
DePaul Real Estate Alumni Alliance Happy Hour & Graduation Celebration
 
DREAA used its quarterly happy hour event to congratulate new graduates of the real estate program and introduce them to the opportunities that are available in their new role as alumni of DePaul.  The event was on Thursday, June 25th on DePaul's loop campus.
 
SEC and alums
Dr. Susanne Cannon with recent graduates of the Real Estate Program.
 
 DREAA is the only professional networking organization that offers all event attendees the opportunity for structured, small group and one on one networking at the beginning of each event to provide a unique opportunity for former and current students to come together, exchange ideas and advance themselves professionally.
Calendar of Events
August 20
CPE: Commercial & Industrial Leasing
 
September 8
Fall Reception
 
September 14-16
CCIM Course: CI 104 Investment Analysis
 
September 24
Fall Sponsor Meeting
 
REIA/DePaul Annual Program
 
October 7
 
October 19-23
CCIM Course: CI 101
Financial Analysis
 
November 16-20
CCIM Course: CI 102 Market Analysis
 
November 17
Land Use Conference: The Shrinking City
Quick Links
Our Sustaining Sponsors

Antunovich Associates, Inc.
Aries Capital, Inc.

Endowment Donors
Douglas & Cynthia Crocker
 
George L. Ruff
 
Michael J. Horne Education & Healthcare Assistance Foundation
 
Charles H. Wurtzebach
 
Studley Inc.: Jacque Ducharme Faculty Fellow Fund
 
Robert Weitzman Endowed Scholarship
 
Kenneth McHugh Endowment Fund
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