By Joseph G. Nahas, Jr., CRE
Senior Vice President | Equus Capital Partners, Ltd
Welcome to a new quarterly publication, The Counselor, published by The Counselors of Real Estate, a 65-year-old international consortium of diverse, highly skilled professionals who provide reliable advice and counsel on a wide range of real estate matters. Membership is extended by invitation, a discerning process which ensures that practitioners awarded our “CRE” (Counselor of Real Estate) credential have attained the highest levels of expertise in their particular real estate specialty. Members include principals of prominent real estate, financial, legal and accounting firms as well as developers, economists, land planners, and ranking leaders of government and academia.
Counselors of Real Estate created and endowed the MIT Center for Real Estate; resolved the contentious dispute between the developer of the World Trade Center and its insurers after 9/11; led the privatization of U.S. Army Housing and valued both Yale University and the Grand Canyon. They brought parking garages to China and convinced America’s largest pension fund to adopt key tenets of responsible real estate investment – a practice now embraced by all major pension funds in the U.S. Those who hold the CRE Credential understand real estate – because they’ve worked with it – in all its forms, through all its cycles, in every market and stage of development.
Our new vision for The Counselor is a publication presenting both global and local perspectives on the issues, trends, and events that are shaping the international real estate market. For our cover story, Andrew Nelson, CRE, Chief Economist, USA, Colliers International, analyzes recently signed U.S. Tax Reform legislation and its implications for commercial real estate. Nelson breaks down the immediate and direct impact of the new law, while also examining its broader effects.
Timo Tschammler, CRE, CEO of JLL Germany, discusses European real estate investment in the EMEA and German office markets, sharing how changes in pricing and supply are impacting investment strategies.
Our piece on Fairborn, Ohio highlights how the right real estate decisions can revitalize local communities. In this remarkable case study, we take a look at the challenges Fairborn faced, the recommendations made by the CRE Consulting Corps, and how the city changed as a result.
We’re excited about what’s in store for future issues of The Counselor. Upcoming content will include executive summary style review, analysis and discussion of timely topics, international perspectives, additional case studies from the CRE Consulting Corps and the CRE Foundation and more.
We welcome your feedback, as well as your ideas for future content.
Joseph G. Nahas, Jr., CRE
2018 CRE Board Chair