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=== ULI Learning ===
=== ULI Learning ===
In 1986, ULI held its first annual Real Estate School. The school offered current and aspiring real estate professionals opportunities to learn about real estate development from expert faculty in intensive, four-day courses.
In 1986, ULI held its first annual Real Estate School. The school offered current and aspiring real estate professionals opportunities to learn about real estate development from expert faculty in intensive, four-day courses.

In 2020, ULI  and Project REAP (The Real Estate Associate Program) partnered to deliver the first ever virtual REAP Academy which aims to advance diversity, equity, and inclusion in the commercial real estate industry.<ref>{{Cite web |title=Project REAP Unveils First Virtual Academy |url=https://www.globest.com/2020/09/15/project-reap-unveils-first-virtual-academy/ |access-date=2023-06-27 |website=GlobeSt |language=en}}</ref> The participants are involved in eight weeks of on-demand courses, live webinars, and industry panel discussions.<ref>{{Cite web |title=Project REAP Unveils First Virtual Academy |url=https://www.globest.com/2020/09/15/project-reap-unveils-first-virtual-academy/?%20%20%5D |access-date=2023-06-27 |website=GlobeSt |language=en}}</ref>


== Centers and Initiatives ==
== Centers and Initiatives ==

Revision as of 00:09, 27 June 2023

AbbreviationULI
Formation1936
TypeLand use think tank and research institute
Headquarters2001 L Street NW
Location
Key people
Peter Ballon, Global Chair
Ron Pressman, Global CEO
Websiteuli.org

The Urban Land Institute, or ULI, is a global nonprofit research and education organization with regional offices in Washington, D.C., Hong Kong, and London. ULI aims to help its members and their partners build more equitable, sustainable, healthy and resilient communities.

ULI was founded as the research arm of the National Association of Realtors and currently has more than 45,000 members, practitioners and professionals representing different parts of the real estate industry.[1][2] About 28 percent of ULI members are real estate developers, 10 percent are service providers such as architects and consultants, 10 percent are from the public sector, 13 percent represent sources of capital such as investors.

ULI focuses on best practices in real estate development, housing, transportation, and related topics. The Institute provides technical assistance in communities via advisory panels, hosts conferences, produces reports, collects and shares industry benchmarks and guidance, and offers a learning opportunities and courses.

ULI currently has 52 District Councils or local chapters in the Americas, as well as 7 National councils in Europe and Asia. The Institute’s Product Councils are groups of senior industry leaders. District and Product Councils that facilitate learning and sharing.

The Institute is governed by a Global Board of Directors, made up of member volunteers. The board is currently headed by the Global Chairman, CPP Investment Board managing director and global head of real estate Peter Ballon, appointed in July 2021[3][4] to succeed Owen D. Thomas. The organization is led by Global CEO Ron Pressman.[5][6] Prior to Pressman, the position was held by W. Edward (Ed) Walter, former Steers Chair in Real Estate at Georgetown University’s McDonough School of Business and CEO of Host Hotels and Resorts, Inc.[7]

History

1936–1949

ULI was founded during the Great Depression on December 14, 1936 as the National Real Estate Foundation for Practical Research and Education, with the intention of becoming a research and education college in real estate and "urbiculture."[8][9] In 1939 the organization changed its name to the Urban Land Institute, two years after establishing its headquarters in Chicago, Illinois.[10]

ULI held its first conference in 1941, hosted by the Massachusetts Institute of Technology in Boston.[11] A year later, ULI established itself as an advocacy organization with the publication of "Outline for a Legislative Program to Rebuild Our Cities."[10] That same year, the institute relocated its headquarters to Washington, DC.

In 1944, ULI's first Product Council, the Community Builder's Council, was organized focusing on suburban building issues facing post-World War II American cities.[12] The institute's Advisory Services program was established in 1947, conducting its first panel for the city of Louisville, Kentucky.[13]

1950–1979

The 1950s marked the establishment of the J.C. Nichols Foundation (which later evolved into the ULI Foundation)[14] as well as the Institute's first shopping center costs study.

ULI continued to move towards becoming a more research-focused institution during the 1960s, establishing its first research program in 1960. The Institute would conduct a number of multiyear comparative land use studies and begin spreading their influence abroad by holding its first international meeting for sustaining members in Mexico City in 1965.[15] In 1965, ULI held its first international meeting for sustaining members in Mexico City.[16] Two years later, in 1967, the Community Builder's Council hosted ULI's first European study tour.[17]

In 1970, the Urban Land Research Foundation (later called the ULI Foundation) was created[18] to "help meet the rising need for an expanding more accessible body of development information."[19] In 1979, ULI established the ULI Awards for Excellence program.[20][21]

1980–1999

ULI created its regional District Council program in 1983, starting with seven councils in various U.S. cities.

UrbanPlan, the Institute's second high school program, was created with the help of a grant award from the National Geographic Society Education Foundation. In 1992, the Institute created its first two European National Councils for the cities of London and Barcelona.

The ULI Senior Resident Fellows program was established in 1996. That same year, the first ULI Mayor's Forum was held with the intention of creating a venue for city officials and the private sector to meet and seek solutions to urban problems.[22]

2000–Present

In 2000, the ULI Prize for Visionaries in Urban Development was established[23] and the number of ULI District Councils grew to 39, expanding to Europe, Asia, and South America as National Councils. A year later, in 2001, ULI opened its first European office in Brussels, Belgium. That same year, the first Young Leaders group was established by the ULI Houston District Council. A majority of the other District Councils have a Young Leaders group by 2005, and ULI opened its first Canadian District Council in Toronto, Ontario that same year.

The European office relocated to London and founded the Community Action Grant program in 2004. In 2007, the ULI Terwilliger Center for Housing was created in addition to the opening of a ULI office in Hong Kong. By 2008, ULI membership would exceed 40,000. That same year, ULI created the ULI Daniel Rose Center for Public Leadership in Land Use along with the launch of the Urban Investment Network in Europe.[24] In 2011, the National Building Museum announced ULI as the 2012 Honor Award recipient for its years of dedication to leadership in urban planning and developing sustainable communities.

In 2012, ULI absorbed the Greenprint Foundation (now known as ULI Greenprint), a global alliance of real estate owners and developers which uses benchmarking and knowledge sharing to help the industry cost-effectively reduce greenhouse gas emissions.[25]

In 2014, ULI and the National League of Cities entered a partnership to jointly guide the direction and operations of the Rose Center for Public Leadership, helping expand its work and influence to a wider audience of city officials.[26]

In 2015, ULI established the Building Healthy Places program, which focuses on intersections between health, social and racial equity and the built environment.[27][28]

Programs

Since the middle of the 20th century, ULI has been hired by city governments and private land owners as consultants for tackling local real estate and development problems through the advisory services program. These multidisciplinary teams - consisting of members with expertise in architecture, urban planning, transportation consulting, finance, and market trends - have had many of their recommendations adopted or implemented.[29][30] The institute's local district councils, have provided events for government officials and private industry leaders to deliberate about future land use challenges and have also established an UrbanPlan classroom-based curriculum that been widely adopted by schools across the United States and Canada, and expanded globally.[31][32][33] In addition, ULI has taken part in a number of partnerships in order to provide leadership and awareness in urban development practices, including one with the World Economic Forum (WEF).[34]

Advisory services

ULI’s first Advisory Services program was held in April 1947 in Louisville, Kentucky.[13] It brings together experienced real estate and land use professionals to develop solutions for complex land use and real estate development projects, programs, and policies. The panels have helped sponsors find solutions for issues such as downtown redevelopment, land management, development potential, growth management, community revitalization, brownfields redevelopment, military base reuse, workforce and affordable housing, and asset management.[35] Panels have also provided expert and objective advice in the wake of natural and man-made disasters such as hurricanes, flood, infrastructure failures and tornados and acts of terrorism.[36]

Some noteworthy ULI panels include its recommendations for redeveloping a four-mile stretch of downtown Los Angeles into a CleanTech Corridor[37] and its advice on how to revitalize Denver’s 16th Street Mall.[38] ULI's panels have also offered consultant work for post-catastrophic redevelopment, including the 2007 I-35W Mississippi River bridge collapse in Minneapolis, Minnesota[39] as well as advise to officials on how to rebuild Lower Manhattan after the 9/11 attacks.[40]

There has been controversy over a few of the panel's recommendations, including its 2005 post-Hurricane Katrina advice for rebuilding New Orleans.[41][42]

UrbanPlan

UrbanPlan is a reality-based educational program originally created by the ULI San Francisco chapter in 2002 and now being delivered by District Councils in over 35 cities. The project based learning unit was developed in partnership with high school economics teachers, land use and real estate professionals, and the Fisher Center for Real Estate and Urban Economics (FCREUE) at the University of California at Berkeley.[43][44] The core of the curriculum involves a fictitious scenario where students respond to a city request for proposals (RFP) to redevelop a 11.75 acre community.[32][33] Through taking on roles and acting as developer, students learn the major issues and tradeoffs in the urban planning and redevelopment process and how the desires of many stakeholders influence development decisions.[32][33][43] Industry experts serve as volunteers and meet with the teams twice during the building process and then again as a mock City Council to select the winning proposal. Since its launch, over 64,000 high school and university students have participated in the UrbanPlan program.[45] In 2014, the program was introduced in the United Kingdom through a partnership with the Investment Property Forum Educational Trust. It has further expanded globally since then to other countries in Europe and to Asia Pacific. In 2015, ULI expanded the program to also deliver UrbanPlan to public officials and community members.

ULI Learning

In 1986, ULI held its first annual Real Estate School. The school offered current and aspiring real estate professionals opportunities to learn about real estate development from expert faculty in intensive, four-day courses.

In 2020, ULI  and Project REAP (The Real Estate Associate Program) partnered to deliver the first ever virtual REAP Academy which aims to advance diversity, equity, and inclusion in the commercial real estate industry.[46] The participants are involved in eight weeks of on-demand courses, live webinars, and industry panel discussions.[47]

Centers and Initiatives

ULI Terwilliger Center for Housing

The Terwilliger Center for Housing is a project of the Urban Land Institute made to increase production of affordable rate, workforce housing for people living near centers of employment. It was founded with a $5 million donation from Ron Terwilliger, former chairman of Trammell Crow Residential.[48] The Center has produced a number of reports which look at the availability of affordable housing as well as the combined transportation and housing costs of individual U.S. metro areas. The Center has produced reports for San Francisco,[49][50] Washington, D.C.,[51][52] and Boston.[53][54]

The Terwilliger Center for Housing integrates ULI’s housing activities into a program of work with three objectives: to catalyze housing production, attainability, and equity; to advance best practices in housing development practice and related public policies through industry leading research; and to broaden and deepen support for housing solutions among critical stakeholders and the public.[55]The Center is supported by a $10M gift from longtime member and former ULI chairman, J. Ronald Terwilliger.[55]

The Terwilliger Center’s activities include developing research, publications, and other practical tools to enable housing production; engaging with members, housing industry leaders, and other critical stakeholders in housing development; a housing awards program recognizing industry best practices and innovations and effective public policies; and an annual housing conference. Research includes the annual Home Attainability Index, which is a resource for understanding the extent to which a housing market is providing a range of choices attainable to the regional workforce.[56]

The Terwilliger Center also runs ULI’s Homeless to Housed program, an initiative to identify and implement best practices and effective solutions for addressing the needs of unhoused populations. It is funded by philanthropist and entrepreneur Preston Butcher, and was launched in Summer 2022 with the release of the research report “Homeless to Housed: The ULI Perspective Based on Actual Case Studies”.[57][58] The program will help communities develop and implement strategies to address homelessness through conducting research, promoting collaboration, providing technical assistance through ULI’s network of district councils, and sharing knowledge and expertise.[57]

ULI Center for Real Estate Economics and Capital Markets

In 2009 the institute founded the ULI Center for Capital Markets and Real Estate. The center hosts an annual capital markets and real estate conference, where it convenes industry practitioners, experts and economists for two days of panel sessions.[59][60] The center also publishes a semiannual Real Estate Consensus Forecast that is often cited in financial news publications.[61][62][63] In addition, since its founding, the center has assumed responsibility for partnering with PricewaterhouseCoopers to publish its annual Emerging Trends in Real Estate report.[64][65]

Established in 2009, the Center includes and spotlights the expertise and experience of senior ULI members through one-on-one interviews and surveys.[66]

ULI Randall Lewis Center for Sustainability in Real Estate

The Randall Lewis Center for Sustainability in Real Estate, formerly known as the ULI Center for Sustainability, was launched in 2014 to promote healthy, resilient, and energy efficient development.[67] It houses ULI’s Building Healthy Places Initiative, the Urban Resilience program, and the Greenprint Center for Building Performance.[68][69] The Building Healthy Places Initiative focuses on improving the health of people and communities in development.[68] The ULI Urban Resilience program provides ULI members, the public, and communities across the United States with information on how to be more resilient in the face of climate change and other environmental vulnerabilities.[70][71]

The ULI Randall Lewis Center for Sustainability in Real Estate, formerly known as the ULI Center for Sustainability, was launched in 2014 to promote healthy, resilient, and low-carbon development and communities.[67] The center was renamed in January 2022 to honor real estate developer Randall Lewis after he donated $10 million to support ULI’s sustainability programs.[72][67][68]

The Center houses ULI’s Building Healthy Places Initiative, Urban Resilience program, and Greenprint Center for Building Performance.[73][74] It is leading ULI’s work to help the real estate industry achieve net zero carbon emissions by 2050.[75][73]

The Building Healthy Places Initiative focuses on improving the health of people and communities.[76][73] Building Healthy Places helps members take action on opportunities to enhance health and social and racial equity through their professional practice and leadership in communities.[77]

ULI Greenprint Center for Building Performance

In 2012 the Greenprint Foundation transferred their activities and assets to ULI, creating the ULI Greenprint Center for Building Performance. With the merger, the new entity hopes to facilitate the reduced use of greenhouse gas emissions in the global real estate industry.[78][79] The center is best known for its annual Greenprint Performance Report, a tool used by the center's members to assess their own relative progress in reducing emissions. The report uses the Greenprint Carbon Index, and is intended to provide a verifiable, transparency tool for building owners to use in benchmarking their portfolios. The center's membership has included companies such as AvalonBay; GE Capital Real Estate; GLL Real Estate Partners; Grosvenor; Hines; Jones Lang LaSalle; Prologis; Prudential Real Estate Investors; and TIAA-CREF.[80]

Awards and competitions

The organization makes several awards annually, including the ULI Global Awards for Excellence, the ULI Hines Student Competition, the ULI Prize for Visionaries in Urban Development, the Jack Kemp Excellence in Affordable and Workforce Housing Awards, and the ULI Urban Open Spaces Awards.

ULI Prize for Visionaries in Urban Development

The ULI Prize for Visionaries in Urban Development is an annual award given to an individual (or an institution's representative) who has made a most distinguished contribution to community building globally, who has established visionary standards of excellence in the land use and development field, and whose commitment to creating the highest quality built environment had led to the betterment of our society. The prize was initially established as the J.C. Nichols Prize in 2000, by a gift of the family of influential 20th century land developer, Jesse Clyde Nichols of Kansas City, Missouri. In 2020, the prize was renamed as the ULI Prize for Visionaries in Urban Development. Global CEO of ULI, Ed Walter, commented that: “Nichols greatly influenced the design and management of suburban America and was at the forefront of professionalizing the real estate industry in the U.S. However, his use of restrictive covenants perpetuated racial segregation and discrimination, the negative impacts of which still affect some communities today. This element of the Nichols’ legacy is clearly inconsistent with our mission and values, and when viewed through a longer-term lens that better recognizes the lasting impact of these practices, mandates that the prize be renamed."

Winners receive a $100,000 prize, which continues to be funded through an endowment from the Nichols family to the ULI Foundation.[81] Past winners of the ULI Prize for Visionaries in Urban Development include Mayor Richard M. Daley,[82] Amanda Burden,[83] Peter Calthorpe,[84] and Vincent Scully,[85] His Highness the Aga Khan, Gerald D. Hines,[86] Robin Chase,[87] Theaster Gates,[88] Alejandro Aravena,[89] and Anthony Williams.[90]

ULI Global Awards for Excellence

According to their website, the ULI Global Awards for Excellence "recognize truly superior development efforts in the private, public, and nonprofit sectors. Winning projects represent the highest standards of achievement in the development industry—standards that ULI members deem worthy of attainment in their professional endeavors." Founded in 1979,[91] the awards program is the centerpiece of ULI’s efforts to identify and promote best practices in all types of real estate development. The ULI Global Awards for Excellence program honors development projects from around the world.[92]

ULI Urban Open Space Award

The ULI Urban Open Space Award recognizes a few outstanding examples of urban public open space that have both enriched the local character and revitalized their surrounding community.[93] The award program was established in 2009, after that year's ULI Prize for Visionaries in Urban Development winner, Amanda Burden, donated her $100,000 prize back to ULI for the creation of the Award.[94] Detroit’s Campus Martius Park was the inaugural winner of the Award, receiving a $10,000 cash prize.[95]

ULI Jack Kemp Excellence in Affordable and Workforce Housing Award

The ULI Jack Kemp Excellence in Affordable and Workforce Housing Award honors developers who demonstrate both leadership and creativity in expanding the availability of workforce housing in the United States.[96] The awards program was established by the ULI Terwilliger Center in 2008 under the original name, the ULI/J. Ronald Terwilliger Workforce Housing Models of Excellence Awards. It was later renamed in tribute to Jack Kemp.[97]

Each year, the ULI Terwilliger Center for Housing highlights the efforts of leaders across the country working to expand housing opportunity. The Center recognizes three awards.[98] The Robert C. Larson Housing Policy Leadership Award recognizes innovative state and local policy initiatives that support the creation and preservation of affordable and workforce housing. The Jack Kemp Excellence in Affordable and Workforce Housing Award and Terwilliger Center Award for Innovation in Attainable Housing honor developments that expand housing opportunities in their communities.[98]

ULI Hines Student Competition

The ULI/Gerald D. Hines Student Urban Design Competition, or ULI Hines Student Competition, held its first cycle in 2003. The program provides graduate-level students the opportunity to compete for a $50,000 prize. To enter, a team must be composed of five students from at least three disciplines. Each year, a real, large-scale site is selected. Student teams then have two weeks to craft a comprehensive design and development plan for that site. After finalists are narrowed, the jury of interdisciplinary experts in architecture and land use then selects a winning team.[99] Previous finalists have included student teams from the University of Pennsylvania,[100] the University of California Berkeley,[101] Columbia University and a joint team from North Carolina State University and UNC-Chapel Hill.[102]

The ULI Hines Student Competition held a separate inaugural process for students in Europe in 2020.

Publications

Magazines

Books

  • Mistakes We Have Made in Community Development (1945)[104]
  • The Community Builders Handbook (1947)[105]
  • The City Fights Back (1954)
  • The Dollars & Cents of Shopping Centers series (1961)
  • The Homes Association Handbook (1964)[106]
  • Professional Real Estate Development: The ULI Guide to Business (2003)
  • Real Estate Development: Principles and Process (2007)
  • Growing Cooler (2008)
  • Retail Development (2008)
  • Real Estate Market Analysis: Methods and Case Studies (2009)
  • ULI UK Residential Council's Build to Rent: A Best Practice Guide (2014)
  • Building for Wellness (2014)
  • Real Estate Development: Principles and Process: Fifth Edition (2015)
  • Successful Public/Private Partnerships (2016)
  • Building Equitable Cities (2018)
  • Building Small (2019)
  • Real Estate Market Analysis (2019)
  • Building Multimodal Future (2019)
  • Finance for Real Estate Development (2019)
  •  Shared Parking (2020)
  •   Making It In Real Estate (2020)
  •   Professional Real Estate Development: Fourth Edition(2022)

Reports

  • Emerging Trends in Real Estate (annual real estate forecast)[107][108]
  • Infrastructure report
  • Global Sustainability Outlook (annual publication)
  • State of Green: Greenprint Performance Report (annual benchmark publication)
  • Building Healthy Places Toolkit: Strategies for Enhancing Health in the Built Environment (2015)
  • 10 Principles for Embedding Racial Equity in Real Estate (2022)
  • The Pandemic and the Public Realm (2021)

Organization & Events

ULI is organized as a 501(c)(3) not-for-profit organization and governed by a set of bylaws. According to ULI's website, the organization is led by staff and member volunteers, while its business and operations are under the direction of its global chairman, chief executive officer, trustees, board of directors, and an operating committee.[109]

District and National Councils

Since ULI is a global organization with members geographically located in various regions, major cities, and metropolitan areas, the organization provides forums at the local level. ULI refers to its local chapters as national and district councils.[110] The local district councils host networking events, conferences, technical advisory panels, and awards programs for the area's members.[111][110] These are cadres of ULI members, capped at 50 members each, where council members participate in closed-door information exchanges and the sharing of best practices in their specialized industry. Membership in product councils is a highly sought-after distinction and restricted to the organization's full members.[112]

Events

Each year, ULI holds a number of industry events open to both members and non-members. Two major annual ULI events are the Spring and Fall Meetings, which are held in various host cities across North America. Both of these events, which attract a variety of private and public land use professionals, have become known to feature a number of high-level speakers. Notable past ULI keynote speakers include former President Bill Clinton, former President George W. Bush, JPMorgan Chase CEO Jamie Dimon, actor Robert Redford, NBA Hall of Famer Magic Johnson, and former U.S. Federal Reserve chairman Paul Volcker.[113][114][115][116][117][118]

Outside of North America, ULI’s flagship global events include the annual ULI Europe Conference, which takes place in various European cities each year, and the ULI Asia Pacific Summit, which is held in different cities across the Asia Pacific region on an annual basis.

See also

References

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