University of Southern California School of Policy, Planning, and Development MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Farzin Aghaipour - MRED (Full-time) In 1999, Farzin Aghaipour joined Santa Monica Hotel Management, Inc. as Director of Operations, and was promoted to Managing Director three years later. In this position, he was directly responsible for the 213 room, full service Radisson Huntley Hotel property in the highly competitive Santa Monica, CA hospitality market. In his role, Farzin oversaw support areas for the organization, including management services, sales, marketing and distribution, human resources, public relations, technology, and finance. In 2003, Farzin developed and implemented a major renovation and restructure of the Huntley Hotel, transforming it into one of Santa Monica’s premier destination resorts. He has developed a detailed understanding of the domestic upscale full- service hospitality market. Farzin earned a bachelor’s degree in Political Science from the University of California, Los Angeles in 2000. Dan Almquist- MBA/MRED (Full-time/Second-year) Since August 2003, Dan has been a full-time MBA/MRED student at the Marshall School of Business and the School of Policy, Planning, and Development. Prior to enrollment at USC he gained exposure to the Southern California real estate market through The Almquist Group LLC, a residential investment firm he founded in 2002. As President of The Almquist Group he solidified relationships with investors, initiated the acquisition of approximately $6 million dollars in residential properties, and expanded the company to include multiple business ventures resulting in an average yield of 19%. Previously, Dan worked as a Senior Account Manager and Team Leader with Balboa Capital, a commercial lender based in Irvine, California. Dan earned a Bachelors degree in Economics from the University of California, San Diego in 2000. Rafael Arias – MRED (Full-time) Since May 2000, Rafael has been working at the Mexico City’s Ministry of Finance, where he has had different duties such as budget management of several Mexico City Government Offices, appraisal and financial analysis of diverse projects, valuation of several government social programs, among others. His interest for Real Estate emerged in 1999 when he worked for the Wal*Mart Mexico Real Estate Office, during that year he learnt to analyze and arrange new store projects for locations that had the potential market to support a Wal*Mart store. Rafael earned a bachelors degree in Economics from Instituto Tecnológico Autónomo de México (ITAM) in Mexico City in 2001, and attended an executive diploma program in Corporate Finance from ITAM from 2000 to 2001. Arakel A. Arisian – MPL/MRED (Full-time/Second year) Since August 2003, Arakel has been in the Master of Planning program at the USC School of Policy, Planning and Development. In January 2004, he was hired as an Associate at Public Private Ventures, a firm specializing in the planning, disposition and development of urban infill projects and institutionally owned real estate. Prior to enrolling at USC, Arakel worked for Community Medical Centers in Fresno, CA as a Development Specialist. There he served as the financial officer responsible for managing the Foundation’s $1.5 million budget as well as the special gifts coordinator for a $10 million capital campaign for a new Burn and Level 1 Trauma Center. Arakel earned a bachelors degree in Business Administration and Finance from California State University – Fresno in 2001, where he completed his thesis on the financing and valuation of sports arenas on university campuses. Page 2 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Tom Ashcraft – MRED (Part-time) Since 2002, Tom has been employed by Lewis Operating Corp., one of the nation’s largest privately held real estate development companies. Tom’s initial task with Lewis was to conduct regression analysis to determine market rental rates for the company’s proposed apartment communities. Tom now works in the land acquisition group of the Lewis Companies, and his responsibilities have increased to include all aspects of land acquisition, including initial contact with owners/brokers, preparing letters of intent, negotiations, coordinating due diligence studies, and conducting feasibility studies. Previously, Tom worked for a commercial real estate brokerage company and a title insurance company. Tom earned his Bachelor of Science in Business Administration from Washington University in St. Louis, with majors in Finance and Marketing, in May of 2002. Ryan Barker - MRED (Full-time) In 2002 Ryan established Sage Properties, a real estate investment company specializing in multi family properties. Sage Properties has grown into a multi million- dollar real estate portfolio within a few short years. As an owner/manager Ryan has been involved in nearly every detail of the real estate business including negotiation, acquisition, financing, and property management. Ryan has also been participated in land/lot acquisitions with partnering companies. Both prior to and in conjunction with Real Estate, Ryan has been a key player of In2M Corporation, a software technology company providing leading edge financial management applications. Ryan’s entrepreneurial efforts assisted in the company’s recognition as an “Emerging Elite” of the fastest growing companies in the state of Utah by Mountain West Venture Group in 2003. Ryan earned a bachelors degree in Finance from the University of Utah in 2000. Kecia Boulware – MRED (Full-time) Since 2002, has been working as an underwriter in the commercial real estate department at Bank One. In this capacity she has responsibilities in all stages of the relationship development cycle including cultivating new clients, structuring credit facilities, and negotiating legal documents. She, along with her team members, manage a portfolio of construction and bridge loans on income producing properties of approximately $400 million. From 1996 to 2002, Kecia worked in a variety of business development capacities at Bank One, ranging from private client services to asset- backed securitization. Outside of the office, Kecia served a five-year term as Treasurer and founding board member for Genesis Housing Development Corp., which develops affordable “for-sale” housing and provides training for new home buyers. Kecia graduated cum laude with a bachelor’s degree in anthropology from Harvard University in 1996 and earned an MBA from Northwestern University in 1999. Kirk Cartozian – MBA/MRED (Full- time/Second year) Kirk is currently the Mayor in the City of Downey and was first elected to its city council in 2000. As the mayor, he is in constant contact, collaboration and partnership with a plethora of real estate professionals. (http://www.downeyca.org/city_cc_cartozian.php) Under Kirk’s leadership, the City of Downey is undertaking its most significant project ever, a 160-acre former NASA site recently acquired by the City. The $1+ billion development will include a 30-acre, Kaiser Hospital Complex, a 78-acre film studio, a 40-acre retail center and a 12-acre park/space learning center. See (http://www.downeyca.org/business_downeylanding_proj.php). For more city projects, see (http://www.downeyca.org/city_planning_development.pdf). Additionally, Kirk serves as a board member on the following organizations: Independent Cities Association (ICA), Southeast Water Coalition (SEWC), L.A. County Sanitation District, Interstate-5 Joint Powers Authority, and Downey Landing’s Redevelopment Project. Kirk earned his bachelor’s degree in Sociology at the University of California at Berkeley in 1995. Page 3 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Robert O. Chihade – MRED (Full-time) Since mid-2003, Robert has operated an independent urban planning consulting practice providing services to municipal clients; specializing in land use, redevelopment, public involvement, and parks and recreation planning. In Robert’s ten years of experience in urban planning, he has worked for the award winning consulting firms EDAW, EIP Associates, and Dyett & Bhatia. Ongoing work includes a plan commissioned by the Long Beach Redevelopment Agency for North Long Beach focusing on the redevelopment of existing underused commercial properties to residential uses. Other notable projects include a plan for a neo-traditional community integrated with the new University of California – Merced, and the Athletic Facilities Master Plan for the United States Naval Academy in Annapolis, Maryland. Robert earned a B.A. in Government and Urban Studies from Oberlin College in Ohio in 1993 and a Masters in Urban Planning from the University of Michigan in 1995. Arnold Cho – MRED (Full-time) Since 2002, Arnold has worked as a marketing associate at Fannie Mae in Pasadena. At Fannie Mae, Arnold managed the overall relationship with the firm’s largest account. He analyzed and developed solutions to this lender’s funding and securitization needs. In addition, he structured and negotiated complex risk based guarantee fee pricing structures with this major player in the mortgage industry. Prior to joining Fannie Mae, Arnold worked in management consulting for the capital markets group at IBM and BearingPoint. Arnold also has experience working in fixed income derivative analytics at Wells Fargo Bank. Arnold earned a bachelors degree in Economics from the University of California, Berkeley in 1993 and a Masters of Business Administration from Carnegie Mellon University in 1999. Caroline T. Choe – MRED (Full-time) Since 2002, Caroline Choe has been working at Putnam Investments as an Investment Associate, covering domestic and international financial stocks in the Global Equity Research department. During her time at Putnam, she has researched and valued mostly large cap stocks in subsectors such as consumer finance, brokers, banks, asset managers, government sponsored entities, and trading companies. Caroline has also worked on the valuation of IPOs, such as China Life and Shinsei. In addition, Caroline has been working for Choe Financial, a family real estate company, mainly focusing on projects in market analyses, land acquisition, and property management. Caroline earned bachelors’ degrees in Business Administration with a concentration in Finance, Economics, and Spanish from Carnegie Mellon University in 2002. Eric W. Clapp – MBA/MRED (Full-time/First year) Prior to enrolling at USC Eric interned with Buchanan Street Partners’ Investment Management team. While at Buchanan Eric assisted with underwriting multiple transactions and built template excel models for each of the types of transactions Buchanan underwrites. Prior to Buchanan, Eric worked with Metropolitan Venture Partners for a year in Los Angeles. Eric began his career by spending three years as an analyst with Salomon Smith Barney and Banc of America Securities covering the Energy sector and was subsequently promoted to Associate where he specialized in Mergers & Acquisitions for Salomon Smith Barney in Sydney, Australia and Los Angeles. Eric earned a bachelor’s degree in Commerce, concentrating in Finance, from the McIntire School of Commerce at the University of Virginia. Page 4 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Brett E. Dallas—MBA/MRED (Full-time/First-year) Since February 2002, Brett has been working as a financial analyst with Citibank/Citicorp Investment Services in Santa Monica, California. During his time with the company, he has developed a strong foundation in finance, working closely with people and products throughout the financial services industry. His primary responsibility is to establish lucrative relationships with individuals as well as institutional investors. He analyzes each client’s existing portfolio, restructures his/her portfolio as necessary, and then manages that client’s account. Brett holds both a Series 7 and a Series 66 license, and he is currently working toward his real estate broker’s license. He earned his bachelor’s degree in Entrepreneurial Business from the University of Southern California in 2001. Tasmin A. De Beers – MRED (Full-time) A contemporary artist, designer and builder. The proprietor of Enviro-Logic, Malibu CA. prior to enrolling at USC. He developed, designed and built custom “green” homes. With particular emphasis given to solar, wind, hydro and other innovative developmental ideas slated to enhance environmental soundness and grid free homes. Supervised all phases of construction. Designed and manufactured solar turbine heating and electrical system that produced 98% of heating and electrical needs. Reduced water consumption by 80% by site-specific gray water and recovery systems. Homes were certified by the American Lung Association as clean homes. Previously he has been the proprietor of DiveVersions. A SCUBA retail chain in four states. A partner in “Food for Thought” which developed theme restaurants in New York, NY. A productivity management consultant and proprietor of Telesis Designs in Manhattan. Tasmin earned a bachelors degree in Fine Arts from the University of Southern California in 2001. Jeffrey Enes - MRED (Part-time) Since July 2000, Jeff has worked for Webcor Builders as part of their Interior Construction Group. While with Webcor, Jeff has estimated and managed construction work on a range of projects including office, restaurant, student housing, condominium, apartment, and hotel construction in the San Francisco Bay Area. He currently is a project manager for Webcor’s self-perform work in doors, frames, hardware, cabinetry, and millwork in Southern California. Prior to Webcor, Jeff worked for the China Basin Ballpark Company, an affiliate company of the San Francisco Giants Baseball Club, on the construction of Pacific Bell Park in San Francisco. Jeff earned a bachelor’s degree in History from the University of Notre Dame in 1996. Mark H. Evans – MRED (Full-time) Since 1996, Mark has been working for his own company managing and acquiring properties for major and independent petroleum companies throughout Texas. His business includes researching and analyzing title documents, lease and purchase negotiations for mineral rights, acquisition of surface locations, contract administration and analysis, and production analyzation. However, since 2002, Mark has shifted his focus to real estate development. As co-founder of a real estate development company, Mark is now focused on the development of residential subdivisions, strip retail centers, and small industrial parks. Mark earned a bachelor’s degree in Economics and Political Science from Hampden-Sydney College in 1998. Page 5 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Dean Farmer - MRED (Full-time) Dean has over 20 years of worldwide professional experience in winning and executing complex network contracts. Recently he started his own engineering consulting business to various industries to implement difficult and interactive communication networks for improved operational efficiency. Services encompass total product life cycle from concept to operations with clients including start-ups in telecommunications and asset tracking based businesses, in addition to established clients such as Northrop Grumman, Mission Research Corp., and CDI Corporation. His goal is to develop and market “smart buildings” using advanced network technologies within the global real estate industry. Prior to being a consultant, Dean held senior level positions at Lockheed Martin Global Telecommunications, Rockwell International, and Hughes Corporation. His last position was director of sales and programs for worldwide regional / national network operators with responsibility for profit and loss on ~$300M / year. He was awarded the US Air Force’s highest civilian award for technical excellence in 1990. In the late 1980’s, he helped develop residential properties in Lake Havasu as an investor. He has a BS and MS in engineering from USC and a MBA from Pepperdine University. Darren Freedman - MRED (Full-time) Darren will graduate from UCLA with honors in June 2004. He will earn a bachelor’s degree in Business-Economics with an emphasis in Accounting. Last fall, Darren served as a Teaching Assistant and Research Aid for a course titled Law and Ethics. This past summer, Darren spent time at the London School of Economics, studying Strategic Management and Game Theory. During his time at UCLA, Darren worked for a variety of financial institutions including Merrill Lynch. At Merrill Lynch, Darren analyzed the historical performance of selected mutual funds and developed a model for mutual fund research. He also worked for the Ezralow Company as a Real-Estate Development Intern. Upon completion of the MRED program, Darren hopes to also obtain a Juris Doctorate. Darren has been actively involved with his family in the Real-Estate industry and desires to pursue a career in Real-Estate Law and Development upon completion of his studies. Reed Garwood – MBA/MRED (Full-time/First-year) Since 1999, Reed worked as a Project Manager for Bovis Lend Lease (BLL) in the construction of high-rise condominiums and hotels including the $54 million, 23-story Watermark Condominiums in San Francisco; the $35 million, 7-story Santana Row Hotel Valencia in San Jose; the $250 million, 42-story Four Seasons Hotel & Residences in San Francisco; and the $80 million, 42-story Park Avenue Condominiums in Atlanta. At BLL, Reed controlled schedule and cost, managed BLL staff, negotiated buyout of major subcontractors, and led MEPF design teams through permitting. Prior to BLL, Reed conducted retirement seminars and financial planning as a Financial Consultant for Merrill Lynch in Atlanta. Reed earned a Bachelor of Civil Engineering degree from Georgia Tech in 1995. Evan Grobecker – MRED (Full-time) Since July 2001, Evan has worked as an analyst and associate at CommonWealth Partners (CWP), a vertically integrated real estate company involved in virtually all elements of commercial real estate – investment, development, asset management, property management and leasing. As the asset management associate for CWP’s Southern California portfolio, Evan helped oversee approximately 2.3 million square feet of Class “A” office space. His primary responsibility was to maximize asset value through the supervision of leasing activity and strategy; the direction of on-site property management operations; the review of an annual appraisal process; the resolution of tenant and other building specific litigation issues; budget approval; strategic planning; and, overall market analysis. Evan earned a bachelor’s degree in History with a minor in Public Policy from the University of California, Los Angeles in 2001. Page 6 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Leekyung Han – MRED (Full-time) Leekyung has been working at architecture firms in Europe, Korea and Boston since 1998. Her responsibilities at architecture firms ranged from schematic design of Takeo Kikuchi Flagship shop in Tokyo, Japan to construction administration of 60,000 sf. Commercial in Massachusetts. She has also had her own adventure in residential real estate market such as a purchase/re-sell a property after renovation. During the process, Leekyung obtained a real estate sales’ license in Massachusetts and worked at Prudential Prime Reality at Jamaica Plain. She is currently working on Tennessee Aquarium project at Chermayeff, Sollogub and Poole, Inc. in Boston. Leekyung’s educational background is: B.S in Architecture at University of Michigan. 1994; Swiss Federal Technical Institute, Zurich. 1997 (exchange program); and M. Arch at Harvard University, 1998. Jonathan Hayes – MBA/MRED (Full-time/First-year) Since August 2004, Jonathan has been in the full-time MBA program in the Marshall School of Business at USC. From 1997-2000, and again from 2001-2002, he was a consultant with Healthcare Financial Solutions in Oakland, CA. As a consultant, Jonathan prepared financial feasibility studies for healthcare facility development and investment projects. From 2000-2001, Jonathan was the Client Relationship Manager for E-Color, Inc., a software development firm located in San Francisco. Additionally, Jonathan has experience in renovating and remodeling residential properties. Jonathan graduated with High Honors from Michigan State University in 1996 with a bachelor’s degree in Business Administration. Ron J. Insalaco – MRED (Part-time) Since 1995, Ron has worked as a self-employed real estate broker and investor specializing in multi-family properties. He is currently developing several condominium projects and single family homes in the Glendale/Burbank area. From 1998 thru 2002, Ron worked as a panel attorney in Los Angeles County Children’s Court where he was charged with protecting the rights of parents in the child welfare system. Since 1982, Ron has been employed as a police officer with the City of Glendale. Currently, he is a sergeant assigned to the detective division. Ron earned a bachelor’s degree from Pepperdine University, School of Business and Management, in 1987 and a Juris Doctor Degree, magna cum laude, from Loyola Law School in 1991. Andrew Kaplan – MRED (Full-time) Since 1999, Andrew has worked as a management consultant, doing corporate strategy and business development for clients primarily in media and entertainment. He worked for PricewaterhouseCoopers Consulting, which later became IBM Business Consulting Services, and then as an independent consultant. His clients have included Sony Pictures, Paramount Pictures, Universal Studios, Fox Filmed Entertainment, Technicolor, Lagardere, and Levi-Strauss. He has specialized in strategy formulation, competitive analysis, and business model development. Previously, Andrew worked as a travel writer for the Let’s Go and Frommer’s series of guidebooks. Covering cities such as Belgrade, Bucharest, Izmir, and Zagreb, he became passionate about the nature of each, how they functioned, and how they came to be. Andrew earned an A.B. in Russian History and Literature from Harvard in 1992 and an MBA from Columbia Business School in 1999. Nick Kavayiotidis – MRED (Full-time) Nick began his career as a research analyst in the investor relations department of First Union, now Wachovia, marketing First Union’s stock to institutional investors and research analysts. After leaving First Union in 2000, Nick became Chief Financial Officer and Chief Operating Officer at Ergo-Rehab, Inc. where he led the expansion of its S.F. Bay Area physical therapy clinics. During this period, Nick also performed property management and leasing duties for four medical office buildings in Fremont, California. In 2003, Nick formed TriAxis Properties, LLC, a real estate services firm, specializing in medical office development. Nick is a licensed real estate broker and member of the Bay East Association of Realtors. He earned a bachelors degree in Analytical Finance and Accounting, Magna Cum Laude and Beta Gamma Sigma from Wake Forest University in 1999. Page 7 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Nancy Lainer - MPL/MRED (Full-time/Second-year) In 2003, Nancy moved from New York City to enroll in the full-time MPL program at USC. Her professional background is in marketing and operations. For the past few years, Nancy was a freelance consultant providing marketing and business strategies to entrepreneurial companies. From April 2000 to February 2001, Nancy was the Eastern Marketing Manager for BroadbandSports, an online sports media company. From November 1998 to April 2000, she worked at Nars Cosmetics, Inc., a global prestige cosmetics line. At Nars Cosmetics, Inc., Nancy started as Manager, Vendor & Client Relations and was quickly promoted to Director, Manufacturing & Product Development, where she was responsible for financial operations, sales projections, production, and distribution. From September 1997 to October 1998, Nancy worked for Major League Soccer, L.L.C. in Corporate Marketing, on sponsorships and new business. Nancy graduated cum laude from Harvard University with a B.A. in History & Literature in June 1997. Jack M.Y. Lee - MRED (Part-time) Jack is currently working as Co-Developer, Investor’s Representative, and Principal in the Murrieta Spectrum Power Center project which is due to break ground in June 2004. The Murrieta Spectrum is slated as a 200,000 sq ft power center with national and regional anchors and shop tenants. Jack is currently also developing 2 acres of commercial property in Perris, California, and researching the development potential of 15 acres in Lake Elsinore, California. Jack is also currently Vice President of Rose Valley Management, and is looking to incorporate a more regional property management company. Jack is a member of the District of Columbia Bar, and a California Real Estate Broker. Jack has practiced coverage insurance litigation at two major Washington D.C. law firms, Anderson Kill & Olick LLP and Dickstein, Shapiro, Morin & Oshinsky LLP. Jack graduated with a dual bachelor’s degree in 1996 from UC San Diego in Political Science and History of East Asia and a JD from the Georgetown University Law Center in 2000. Evan Meyer – MRED (Part-time) After earning his bachelors degree in Economics from the University of California, Berkeley in 1999, Evan immediately became involved in the West Los Angeles real estate market as a commercial broker with Insignia/ESG. Beginning as a research analyst and quickly transitioning into office leasing and investment sales, Evan was chosen by the Los Angeles Business Journal as the “Top Rookie Broker in Los Angeles.” Following the acquisition of Insignia/ESG by CB Richard Ellis in 2003, Evan joined Madison Partners where he continues to represent tenants, landlords, and investors in negotiating lease agreements, letters of intent, purchase and sale agreements. Additionally, Evan spent summers interning for both commercial and residential real estate firms and participated in the Career Discovery program at Harvard University’s Graduate School of Design. Dusan Miletich – MBA/MRED (Full-time/First-year) Since 1998, Dusan has co-owned and managed a small real estate development and holding company. Miletich-Jones Land Company, and its subsidiaries entities, specializes in the acquisition, development, management and holding of retail and industrial real estate. In addition to the executive and operational responsibilities of a small business owner, Dusan has been involved in almost every aspect of the real estate development and ownership process, from entitlements to leasing and management. Dusan earned a bachelor’s degree in American Literature & Culture from the University of California, Los Angeles in 2002, and a Master of Construction Management degree from the University of Southern California in 2004. Page 8 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Ned Miller – MRED (Full-time) Since 2000, Ned has worked as a Project Manager and Foreman for high-end custom builders in Austin and San Francisco. From 1998-2000 Ned was Project Manager at Historic Boston Incorporated (HBI), a non-profit revolving fund and developer dedicated to saving endangered historic properties in Boston. At HBI, Ned was responsible for property and construction management for commercial and residential properties. In these roles Ned procured maintenance and construction services, negotiated and drafted leases, compiled cash flow statements and budgets, oversaw construction, and performed market research. In addition, Ned developed pro forma financial analysis and feasibility studies and acquired and administered grants for historic preservation projects. Ned earned a Bachelor’s degree in City Planning from Cornell University in 1995 and a Diploma in Historic Preservation Carpentry from the North Bennet Street School in 1998. Clinton W. Myers - MRED (Full-time) Since 2001 Clinton has been working for CC Myers Inc. During this time Clinton has been involved in a two-year rotation program that has brought him through Contract Administration and Project Management. He worked in the bay area on both approaches to the new Carquinez and Benicia bridges. Currently, Clinton is working in the Estimating department, where he prepares cost estimates for prospective projects that range from five million to four hundred million dollars. Over the past year Clinton has devoted much of his energy to the evolution of the company by heading up a committee charged with, “Changing how the company does business.” Clinton was awarded for these efforts by being named to the Board of Directors of C.C. Myers Inc. Prior to 2001, he worked with Winchester Properties and Myers Homes to help redesign a subdivision during the planning stages, and also helped pursue a major construction claim. Recently, Clinton has earned a Certificate in Construction Management through University of California, Davis. Clinton is an active Sigma Chi alumnus from Washington University in Saint Louis where he graduated with Bachelor of Science in Business Administration, majoring in Finance, Operations Manufacturing Management and Marketing. Craig Oram – MRED (Full-time) From 1995, Craig worked for Andersen Worldwide LLP, becoming a director in the New York office of Andersen Corporate Finance LLC, a middle market investment banking boutique serving a spectrum of private and global 1000 companies. Craig’s principal area of work was merger and acquisition transactions between $15 million to $300 million, as well as providing specialized corporate finance advice. Upon the closure of Andersen in May 2002, Craig formed his own consulting practice to continue to serve clients with whom he worked with at Andersen, and recently completed a transaction on a $110 million revenue distribution company. In March 2003, Craig undertook an additional role as Business Development Director in North America for EMS-Global Ltd, a leading supplier of network software to global telecommunication companies. Craig earned his Bachelor of Commerce degree from Auckland University, New Zealand, and a Masters degree in Economics and Finance with first class honors from Auckland University, New Zealand in 1995. Constantine Papanicolaou – MBA/MRED (Full-time/Second-year) Constantine is a full time MBA student in the Marshall School of Business. Prior to attending USC, Constantine worked as a Supply Chain Software Engineer at Amazon.com where he led the development of a web based inventory management application. In addition, he focused on upgrading legacy systems that had been built rapidly and with little foresight during the company’s expansion in the late 90’s. Previously, Constantine worked as a Software Engineer with a startup firm called FairAir that created a web based exchange for transferable airline tickets. Constantine earned a BA in Applied Mathematics from the University of California at Berkeley in 1998. Page 9 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Leland Parnagian – (Full-Time) After graduating from the Accounting Program at USC in 2001, Leland was hired by Deloitte & Touche LLP to work within their tax function. Prior to beginning full time, Deloitte sponsored Leland to return to USC and receive his Masters of Business Taxation degree. While at Deloitte from 2002-2004, Leland focused primarily on gaining a strong foundation in Real Estate Taxation, during this time he saw the value tax planning provides to those in the real estate industry. Working with a number of Los Angeles’ most prominent developers he was exposed to numerous 1031 transactions, REIT structures, and cost segregation studies. Josh Peters – MBA/MRED (Full-time/Second-year) In August 2003, Josh started the full-time MBA program at USC’s Marshall School of Business. Prior to enrolment at USC he was a Project Manager for a General Contractor (James G. Davis Construction) in the Washington, D.C. area. During his five years with Davis Construction, he was responsible for the management of the construction process for multi-million dollar commercial buildings. He has personally managed the construction of over $150 million in assorted commercial real estate projects in the Washington D.C. area. Most recently he successfully completed a $110 million, 1 million square feet corporate headquarters for Capital One in McLean, Virginia. In 1998 Josh graduated from the Pennsylvania State University with a bachelors degree Architectural Engineering specializing in Construction Management. Jon Pharris—MRED (Full-time) Since October 2002, Jon has been an industrial real estate broker at Lee & Associates—Newport Beach Inc., specializing in selling and leasing industrial buildings in south and mid Orange County, particularly the John Wayne Airport Area. Prior to joining Lee & Associates, Jon worked at Lytle Development Company as the assistant project manager for the refinancing and stabilization of a 182,000 square feet grocery anchored retail center in Northridge, CA. Jon’s senior thesis at Princeton University, It Keeps Going and Going and Going: The Development of the Los Angeles Basin Post World-War Two, focused on the development of Los Angeles County from 1945-1965, Orange County from 1966-1994, and the Inland Empire from 1995-2002. Jon earned a bachelor’s degree in History from Princeton University in 2002. Maximilian Polyak – MBA/MRED (Part-time/First-year) In January 2000, Max founded Pike Laboratories, Inc., a pharmaceutical company based in Pennsylvania and San Diego that develops drugs and devices for the organ transplant field. He currently serves as Chairman and CEO of the company whose third year revenues exceed $14 million. In March 2003, Max founded The Poli Group, an emerging real estate development company based in Del Mar, CA. From March 1995 to January 2000, Max served as Chief of Research in the Department of Transplant Surgery at New York Presbyterian Hospital/Columbia-Cornell Medical Center in New York. He holds eight patents related to organ transplant immunology and has published over twenty articles. Max earned a bachelor’s degree in International Relations from the University of Southern California in 1992, and a master’s degree in International Relations from the University of Cambridge, England, in 1994. Andrew P. Richards – MBA/MRED (Full-time/Second-year) In Fall 2003 Andrew began the Full-time MBA Program at the Marshall School of Business. Prior to his enrollment at USC, Andrew was employed at Deutsche Bank in Frankfurt, Germany as a project manager in the controlling department. One of his more recent projects involved the implementation of a complex real estate resource management system for Deutsche Bank’s Private Client Asset Management Division. Preceding his experience in Frankfurt, Andrew worked for Deutsche Bank in New York as an IT Systems Analyst and Program Developer. Andrew graduated from New York University in 1998 with a B.S. in Finance and International Business. He is currently co-director of the Marshall Ethics Committee and Vice President of Technology on the Graduate Real Estate Association. Page 10 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 John Ruthven – MBA/MRED (Full-time/Second-year) Since August 2003, John has been a student in the full-time MBA program at USC’s Marshall School of Business. Prior to enrolling at USC, John worked as an architect in offices both in Michigan and Illinois. In May of 2000, John began work for Fanning/Howey Associates, a recent start-up office with a focus on higher education projects in Michigan. A year later he took a job with Perkins & Will, a large international firm with its headquarters in Chicago. There he worked on different project types both foreign and domestic, including higher education, K-12 schools, healthcare, science/lab, and government buildings. John graduated from University of Michigan in 2000 with a Bachelors of Science degree in Architecture. Julian Siaw – MRED (Full-time) From 2002-2004, Julian worked as a Financial Analyst at WebEx Communications in San Jose, California to budget, analyze, and forecast financial models. From 2000- 2001, he worked as an Investment Banking Analyst at SG Cowen Securities in San Francisco, CA to raise over $500 MM in convertible notes offering, initial and follow-on offerings for technology companies. From 1999-2000, he worked as a Real Estate Investment Banking Analyst at Banc of America Securities in San Francisco, CA to analyze the financial strength of clients and their tenants, while modeling complex deals and structures. Julian earned a Bachelor of Science in Economics with a dual concentration in Finance and Accounting from The Wharton School of the University of Pennsylvania in 1999. Adam Sinclair - MBA/MRED (Part-time/Second-year) Since 2003, Adam has been working for Americal Management, a family-run real estate development company, while pursuing his MBA at night in USC’s Marshall School of Business. At Americal, he is part of a management team developing retail and residential properties primarily in Phoenix, Arizona. Prior to Americal, Adam was an Equities Trader for Heartland Securities for 2 years, and a User Interface Designer for QUIQ, a web-based customer service startup for 1 year. Adam also worked 3.5 years for Accenture, doing systems integration consulting for financial services clients in New York. Since dedicating himself to the Real Estate industry, which brings together his design, problem-solving, and financial talents, Adam has competed classes at New York University’s Real Estate Institute, and is an active member of the Urban Land Institute, International Council of Shopping Centers, and the Graduate Real Estate Association at USC. Adam earned his bachelor’s degree in Industrial Engineering at Columbia University in 1996. Tyson Skillings – MRED (Full-time) Since March 2000, Tyson worked for Rockwood Capital Corporation in San Francisco, CA as Assistant Vice President. Rockwood is a boutique equity firm specializing in value-added real estate investments. His primary focus was asset management and creating return-oriented strategies for those assets located in Northern California, Pacific Northwest and Hawaii. In addition, he was responsible for all aspects associated with leading his team through dispositions for his respective assets. Tyson’s responsibilities included managing joint venture relationships; negotiating leases, letters of intent and purchase agreements; and making formal recommendations to the Investment Committee. From 1997 to 2000, Tyson worked for E&Y Kenneth Leventhal’s Real Estate Group where he performed construction cost audit, loan underwriting and appraisal work. Tyson earned a bachelors degree in Business Administration from the University of Notre Dame in 1996. Page 11 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Michael Thomas – MRED (Full-time) Most recently, Michael worked as an Underwriter and Head of Analytics for Newman and Associates, a subsidiary of GMAC Commercial Mortgage, in Denver, CO. At Newman & Associates, Michael worked primarily on structuring bridge and mezzanine financing for commercial real estate transactions within Newman’s Structured Products Group which specializes in boutique real estate investment banking. From 2001-2003, Michael gained development experience working as a Senior Analyst along side the Executive V.P. of Development at AIG Baker, a national shopping center developer based in Birmingham, AL. From 1998-2001, Michael worked as a Senior Consultant within CB Richard Ellis’ Financial Consulting Group in Phoenix, AZ and Atlanta, GA. At CB Richard Ellis, Michael provided real estate financial analyses and analytical consulting services to both internal and external clients regarding investment, lease, and mortgage assignments. Michael earned a bachelors degree in Finance from the University of Georgia in 1997. Shawn Wei – MRED (Part-time) Shawn is a Management Consulting Professional with over seven years of experience within public and private companies from Fortune 50 to startups across the US, Canada, Europe, and Asia. He has worked with clients to assess their corporate strategies and determine how to optimally leverage technology to help attain corporate goals. In addition to his consulting experience, Shawn has also founded two companies and invested in real estate. He is currently looking to further expand his knowledge in the real estate arena. Shawn earned a bachelor of science degree in Civil Engineering and a bachelor of arts degree in Economics, both from the University of California, Los Angeles in 1996. Kristi Sue Wilcken – MRED (Full-time) Since 2003, Kristi Sue has worked at Tegra Healthcare Properties, a division of the Boyer Company; located in Salt Lake City, Utah. Currently, she negotiates lease renewals in existing medical office buildings developed by Tegra. Additionally, she has been involved in marketing development services to national clients and has facilitated the development of medical office buildings and surgery centers in over 25 locations nationwide. Prior to working in the field of real estate development, she was an instructor for the LDS Church Educational System. In 1998 Kristi Sue completed a Bachelor’s Degree in Family Sciences at Brigham Young University. Brian Wong – MRED (Full-time) From 2000 – 2004, Brian worked as a Manager in Accenture’s Strategy Workgroup, a global management consulting, technology services, and outsourcing company. In this capacity, Brian assisted Fortune 500 corporations in tackling their strategic and operational issues. His primary responsibilities included conducting market and financial analysis, diagnosing internal client operations, leading and managing multi- disciplinary teams, and communicating recommendations to client executive management. Prior to Accenture, Brian worked as a Fixed Income Analyst at Wilshire Associates, a Santa Monica, California based investment advisory firm. Brian earned his bachelor’s degree from the University of Southern California, majoring in Business Administration with an emphasis in Finance and Entrepreneurial Studies in 1998. Page 12 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Forrest C. Wylder - MBA/MRED (Full-time/First-year) Since 1984, Forrest has worked as a senior broker in the North Orange County office of CB Richard Ellis. He has been involved in all aspects of commercial brokerage including Tenant Representation (lease and sales), Landlord Representation (single buildings to major business parks), Land Sales, Investment Sales, etc. In 1997, he began a transition from specializing in Industrial/ R & D product to Office product. In 2000, Forrest joined the premiere Office Landlord/Corporate Team in Orange County. Since 1998, the team has completed 803 transactions totaling 11 million square feet and $1.2 billion in total consideration. His experiences with them have included: asset repositioning and disposition (renovation, releasing, expanding or relocating tenants to maximize value), alternative use analysis, strategic leasing, sale-leasebacks, strategic corporate relocations (sale of underutilized, overvalued, or obsolete facilities to acquisition of new facility). He has a bachelor's degree in Business Administration from the University of Southern California. Michael Yao – MBA/MRED (Part-time/First-year) Since 2002, Mike has been working as a sales manager with the Pepsi Bottling Group in Los Angeles. His primary focus in this role has been developing volume growth in retail accounts located in urban areas. Mike worked as a corporate recruiter from 2000 – 2002 for Bradley-Morris, Inc., one of the SBA’s top 50 small businesses in America in 2001. In this position, Mike worked with Fortune 500 clients from various industries. Prior to this, he served as a Captain in the United States Army. As a Regular Army Armor Officer, Mike was primarily assigned to the 4th Infantry Division in Ft. Hood, TX. Mike was a ‘Distinguished Military Graduate’ from Indiana University where he also earned Bachelor degrees in History and Criminal Justice. Wen Yeh – MRED (Full-time) Wen received his California Real Estate Broker's license in 2002 and has worked as an independent real estate broker to date. During this time, he has closed over $58 million in transactions in the Northern and Southern California regions, focusing on multi- family investments. Wen has represented numerous public REITs and private investment partnerships in negotiating letters of intent and purchase and sale contracts, as well as conducting financial analysis of multi-family investment properties. Previously Wen worked as a Senior Associate at KC Venture Group, a Santa Monica, California based Private Equity/Venture Capital firm and Hedge Fund, where he performed financial analysis and valuation modeling. Wen earned a bachelor’s degree in Physiological Science from the University at California, Los Angeles in 1997. Kristen Young – MRED (Full-time) Kristen has worked as an auditor for Ernst & Young LLP (E&Y) since 1999, focusing primarily on clients of the E&Y Kenneth Leventhal Real Estate Group in recent years. During her time at E&Y, Kristen gained exposure to the real estate industry by serving a variety of clients including commercial property, multi-family property, land development, hospitality, and real estate investment firms. Kristen earned bachelors degrees in Accounting and Business Administration (with an emphasis in Information Systems) from the University of Southern California in1999, and a Master of Science in Accounting from the University of Virginia in 2000 (Masters concurrently with working at E&Y). Page 13 USC MASTER OF REAL ESTATE DEVELOPMENT Student Profiles 2004 Babak Ziai - MRED (Part-time) Babak is a Real Estate Analyst for Lowe Enterprises Real Estate Group where he is a member of the acquisitions, development and asset management teams. His responsibilities include proforma financial analysis and underwriting of commercial acquisitions and development projects, valuation of existing properties under ownership and market research for potential acquisitions. From 2002-2004, Babak worked as an Associate at Standard and Poor's Corporate Value Consulting in Los Angeles, where he performed business enterprise, equity and intangible asset valuations for clients in the consumer products and services industries. Babak’s valuations were provided for buy-side and sell-side advisory and financial reporting purposes. Babak earned a bachelor's degree with Honors in Business Economics from the University of California, Los Angeles in 2002.