“Flood of Capital” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on November 5, 2015 at The University of Chicago, Gleacher Center, Chicago, IL. The Ninth Annual Real Estate Conference 2015.
Sponsored by Latham & Watkins LLC, LW.com (Providing strategic thinking and senior-level attention for innovative solutions to organizations’ most complex business issues.) Draper and Kramer, DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) Equity Commonwealth, eqcre.com (Providing long-term value and aligning the interests of all stakeholders.) Ventas, Inc., VentasREIT.com (Providing superior long-term returns with assets and management of a portfolio of seniors housing communities, medical office buildings, skilled nursing facilities, hospitals and other properties.)
Kenneth P. Riggs, Jr. CFA, CRE, FRICS, CCIM, MAI ’94 is President, Situs RERC.
Mr. Riggs has focused his entire 35 year career on commercial real estate from a research valuation and publication perspective. In his current role, he is involved with $100 billion in valuation-related consulting services each quarter for: two of the top five largest retirement funds in the U.S.; the nation’s second-largest life insurance company by total life insurance; and three of the largest real estate investment managers in the world.
In addition, Mr. Riggs serves as publisher of the quarterly Situs RERC Real Estate Report, one of the industry’s leading sources of valuation metrics, including survey-based capitalization and yield rates. He is also co-publisher of the annual forecast report, Expectations & Market Realties in Real Estate, which is being published by Situs RERC, Deloitte, and the National Association of Realtors.® The 2016 edition of this report will be available in February.
Mr. Riggs holds an MBA with a concentration in finance and statistics from the University of Chicago Booth School of Business. In addition to earning the CFA® designation from the CFA Institute, he received the CRE designation from the Counselors of Real Estate, the FRICS designation as a Fellow of The Royal Institution of Chartered Surveyors, the CCIM designation from the CCIM Institute, and the MAI designation from the Appraisal Institute.