Western Region Distinguished Speaker Series: Real Estate: What May Be In Store For The Frothy U.S. Housing Market?
In Collaboration with 16 Western Region CFA Societies
With housing prices surpassing all-time highs and the Property Technology sector is disrupting every part of the home buying process from listing homes, to loans, to home ownership, the residential real estate world is on lots of people’s minds. Hear insights from Ivy Zelman, CEO of Zelman Associates, a preeminent boutique research and investment firm dedicated exclusively to the housing industry. Ivy is a nationally recognized expert in the industry. Ivy’s presentation will be followed by a conversation between Ivy and Eric Sussman, adjunct professor in accounting and real estate at UCLA Anderson and founding partner at Clear Capital, LLC.
Eric Sussman | Eric Sussman is a founding partner of Clear Capital, LLC, overseeing the firm’s capital, equity, and debt departments and strategic planning functions. Mr. Sussman provides leadership to the firm in the areas of private equity, joint ventures, and fund formations.
Mr. Sussman has over 20 years of multi-faceted real estate experience and has been pivotal in some of the firm’s largest deals and property acquisitions. Mr. Sussman’s past experience is broad and varied including key positions at Amber Capital and Sequoia Real Estate Partners. Mr. Sussman began his career with Price Waterhouse.
In addition to his position at Clear Capital, Mr. Sussman has been an Adjunct Professor with UCLA’s Anderson Graduate School of Management since 1995 where he was voted “Outstanding Professor” 15 times by MBA students. Additionally, he has been named as one of the top ten most popular business professors by Bloomberg BusinessWeek, and one of the 20 most influential professors alive today by “Top Business Degrees.”
Mr. Sussman received a BA in Economics (Summa Cum Laude) from the University of California, Los Angeles and an MBA (Arjay Miller Scholar) from Stanford Graduate School of Business. He is a licensed CPA and real estate broker (inactive) in California. He is a member of the Board of Trustees and Chairman of the Audit Committee of Causeway Capital Group and a member of the Board of Directors for Bentley-Forbes, LLC and Pacific Charter School. Back To Top ^^
Ivy Zelman | Ivy Zelman is Chief Executive Officer of Zelman & Associates holding roughly 30 years of experience covering housing and housing-related industries. In 2007, Ivy co-founded Zelman & Associates. The firm provides analyses across all aspects of the housing spectrum. Ivy’s concept for the firm remains strongly rooted in the ability to perform thematic research overlaid with proprietary surveys to produce unparalleled differentiated value-added research.
Ivy has been widely known and respected for her bold thinking and accurate assessments where others failed, helping industry players avoid costly mistakes and capture game-changing opportunities. In 2005, she called the top of the housing market. Ivy famously asked Toll Brothers CEO Bob Toll on the Q4 2006 Toll Brothers conference call “Which Kool-Aid Are You Drinking?”
From there Ivy called the bottom of the housing market in January 2012, thus reinforcing her dominant reputation within the industry. She helped best-selling writer, Michael Lewis with research related to the mortgage crash. This became a part of his best-selling book turned movie, The Big Short. Michael wrote in the book “all roads led to Ivy.” Her convictions have been recognized by Institutional Investor ranking her as one of the most preeminent figures within the housing industry. Most notably, Institutional Investors - America Research Team rankings placed Ivy and her team with eleven 1st place rankings (1999 – 2004, 2006 – 2007 and 2010 – 2013). Additionally, Hanley Wood, a leading real estate media firm, ranked Ivy as 14th of the Top 50 most influential persons in housing. In 2020 & 2021, Ivy was included in Barron's 100 Most Influential Women in U.S. Finance.
As one of the most powerful women on Wall Street, Ivy Zelman is a sought-after expert on the housing sector, and what the overall housing market means for investors, homebuilders, industry executives and the economy at large. She frequently appears on television shows such as CNBC, in major publications including The Wall Street Journal, and has acted as a key witness in a congressional hearing. Jim Cramer, host of the CNBC’s show Mad Money, said “Ivy is the Ax of the homebuilders – the analyst who understands the group better than anyone else on Wall Street.” Ivy’s speaking requests by conferences, board meetings, podcasts or special events have included: Bloomberg, CNBC, TD Ameritrade Network, Bloomberg’s Master’s in Business, International Builder Show, MBS Highway, National Association of Homebuilders, NFX, National Association of Realtors, National Organization of Investment Professionals, Mortgage Banking Association, Moody’s, AmeriCatalyst, PropTechCEO Summit, Reality Alliance, Walker Webcast, International Mass Timber Conference, Inman.
She received a Bachelor of Science from George Mason University. Ivy is a special advisor to Laurel School, BBYO, NCJW Cleveland as well as mentors’ high school and college students. Back To Top ^^
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1.5 credit hour. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|
*If you are an active member of one of the 16 Western Region Societies, please make sure to reach out to your society in order to get member pricing.
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