NYU Schack Institute of Real Estate Clinical Professor Hugh F. Kelly Named 2014 Chair of The Counselors of Real Estate
 
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NYU Schack Institute of Real Estate Clinical Professor Hugh F. Kelly Named 2014 Chair of The Counselors of Real Estate

NEW YORK, November 18, 2013Hugh F. Kelly, a clinical professor at the NYU Schack Institute of Real Estate, has been named the 2014 chair of the Board of The Counselors of Real Estate (CRE), an international membership organization for the most trusted advisors in real estate. Kelly marked the beginning of his one-year term on Oct. 23 at the CRE's Annual Convention in San Francisco.

Kelly began teaching at NYU Schack, a division of the NYU School of Continuing and Professional Studies, in 1984. He became a member of the full-time faculty, with the title of clinical associate professor, in 2003, and was promoted to clinical professor in 2013. He currently teaches graduate-level courses in "Real Estate Economics & Market Analysis," "Risk & Portfolio Management," and "Urban Economic Development."

In addition to his teaching responsibilities, Kelly serves as the editor of Premises, the Institute's biannual magazine that covers numerous aspects of the real estate industry, including economics, equity and debt financing, investment and analysis, development, sustainability, global markets, and construction management. He also will direct Schack's new applied research initiative, which will launch early next year.

Kelly specializes in development of economic and market forecasts, portfolio strategy, and seminars and workshops. He heads his own consulting practice, Hugh F. Kelly Real Estate Economics, which serves national and international real estate investment and services firms, governmental organizations, law firms, and not-for-profit agencies. Previously, he was chief economist for Landauer Associates, where he worked for 22 years until early 2001. Kelly also served as the president of the board of directors of the Brooklyn Catholic Charities' affordable housing development corporation (2006–2012), and is an avid industry spokesman. The author of more than 200 articles in industry journals, Kelly recently published a paper on contemporary politics and economics, "Judgment: Imagination, Creativity, and Delusion," in the philosophical journal Existenz. He is widely known for his research on 24-hour cities and commercial real estate investment performance.

Kelly also has been instrumental in New York City's response to the 9/11 World Trade Center catastrophe. On behalf of the Regional Plan Association and the New York Civic Alliance, he studied the economic impact of the terrorist attack on firms in and around the Trade Center and recommended redevelopment of the site for commercial use, together with transportation and memorial facilities. He provided expert testimony in both the insurance litigation and in the arbitration of development disputes. He was a researcher and a principal author of the report Downtown 2020, issued in 2009 by the multidisciplinary Downtown Futures Group, testifying before the New York City Council and the New York City Planning Commission.

A member of The Counselors of Real Estate since 1989, Kelly has served on many of the organization's committees, including as editor-in-chief of the group's esteemed peer-reviewed journal, Real Estate Issues.

Kelly earned a Ph.D. at the University of Ulster (U.K.) and a B.A. at Cathedral College
(New York).

About the NYU Schack Institute of Real Estate

The NYU Schack Institute of Real Estate (scps.nyu.edu/schack) was founded in 1967, at the initiative of prominent real estate leaders who encouraged NYU to establish an academic center that provided an educational foundation for professionals within their industry. Today, NYU Schack offers graduate degrees—notably the M.S. in Real Estate, the M.S. in Construction Management, and the M.S. in Real Estate Development—as well as graduate certificates in real estate and construction management, all of which enroll nearly 800 full- and part-time students from more than 30 countries and boast over 3,000 graduates around the globe. The Schack Institute recently launched a new B.S. in Real Estate. In addition, each year, approximately 4,200 working professionals enroll in the Institute's professional certificate programs, noncredit courses, and licensure-related offerings in such areas as real estate finance, sales and brokerage, sustainable design, facilities management, and architecture and civil engineering. The Institute also houses the NYU REIT Center and the Center for the Sustainable Built Environment, and hosts key industry events, including annual conferences on real estate capital markets and REITs. NYU Schack is one of several academic divisions within the School of Continuing and Professional Studies (NYU-SCPS), which offers a broad range of professionally focused undergraduate, graduate, and noncredit offerings.

About the NYU School of Professional Studies

Established in 1934, the NYU School of Professional Studies (sps.nyu.edu) is one of NYU's several degree-granting schools and colleges, each with a unique academic profile. The reputation of the School of Professional Studies arises from its place as the NYU home for study and applied research related to key knowledge-based industries where the New York region leads globally. This is manifest in the School's diverse graduate, undergraduate, and Professional Pathways programs in fields such as Accounting, Finance, and Law; Applied Health; Arts, Design, and Film; Creative Cities and Economic Development; English-Language Learning; Entrepreneurship; Fundraising and Grantmaking; Global Affairs; Hospitality and Tourism Management; Human Resource Management and Development; Languages and Humanities; Management and Systems; Marketing; Project Management; Public Relations and Corporate Communication; Publishing; Real Estate, Real Estate Development, and Construction Management; Sports Management, Media, and Business; Translation; and Writing.

More than 100 distinguished full-time faculty members collaborate with an exceptional cadre of practitioner/adjunct faculty members and lecturers to create a vibrant professional and academic environment that educates over 5,000 degree-seeking students from around the globe each year. In addition, the School fulfills the recurrent professional education needs of local, national, and international economies, as evidenced by nearly 28,000 Professional Pathways enrollments in Career Advancement Courses and Diploma Programs. The School's community is enriched by more than 31,000 degree-holding alumni worldwide, many of whom serve as mentors, guest speakers, and advisory board members. For more information about the NYU School of Professional Studies, visit sps.nyu.edu.

 

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