Scott Muldavin


Scott Muldavin’s experience is summarized here.  

A one-page summary of notable achievements, a two-page summary, and full biography are also available for download.

More detail on Mr. Muldavin’s sustainability activities are available here.

 

Real Estate Industry Experience

Mr. Muldavin is the 2017 Chair of the Counselors of Real Estate, a global group of 1000 real estate thought leaders known for their judgment, integrity, and industry engagement.

Mr. Muldavin has over 35 years of experience in the real estate industry.   He serves as President of The Muldavin Company, Inc.; was a lead real estate consulting partner at Deloitte; co-founded Guggenheim Real Estate, a multi-billion-dollar private real estate company; served on the Advisory Board of Global Real Analytics, an advisor to $2 billion of REIT and CMBS funds; and has completed over 300 consulting engagements involving real estate finance, investment, valuation, securitization, corporate real estate, and sustainability.  

Mr. Muldavin is a leading expert on real estate finance and the capital markets. In additional to pioneering work for the Green Building Finance Consortium, Standard & Poors, Guggenheim Real Estate, and other real estate finance and investment companies, he is on the Editorial Board of Real Estate Finance, served as the Capital Trends Expert for the Urban Land Institute’s National Program Committee, authored the “Real Estate Finance Update” in Real Estate Finance for 16 years; developed the industry’s first Real Estate Capital Flows Index, and authored scores of articles and reports on capital markets trends, pricing, valuation, underwriting, and related topics.

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Mr. Muldavin’s real estate equity investment experience includes his co-founding Guggenheim Real Estate, serving as a consultant to CalPERS, OSTRS, and other pension funds, and working with Prudential, Deutsche Wealth Management (RREEF), Metropolitan Life, GSIC Realty and other private investment managers on their investment and capital raising strategies.  He has also tracked, advised and invested in the public REIT market for decades.

Mr. Muldavin’s led the real estate financial institutions practice while a partner at Deloitte and advised scores of lenders on their underwriting, financial products, and marketing decisions. Mr. Muldavin was the lead consultant who developed the first mortgage risk-rating system for Standard & Poor’s Corporation in the 1980’s and has advised many banks, life companies, pension funds, and managers in the development of CMBS investment products and strategies.

Mr. Muldavin was responsible for the corporate real estate practice at Deloitte and throughout his career has advised corporations on their leasing, acquisitions, and real estate strategies. As a leader of the real estate valuation practice at Deloitte, and in similar roles with other firms, he has been directly involved in the structuring, valuation and due diligence of scores of real estate property and business transactions.

Mr. Muldavin has a bachelor’s in Environmental Studies from UC Berkeley and a Masters in City and Regional Planning from Harvard University.  In addition to serving as 2017 Chair of the Counselors of Real Estate (CRE), he is a Fellow of the Royal Institute of Chartered Surveyors and author of over 200 books and articles on real estate finance, investment, and sustainability.

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Sustainability Experience

Mr. Muldavin formed the Green Building Finance Consortium in 2007 with the support of leading companies and real estate professional groups including the Pension Real Estate Association (PREA), Building Owners and Managers Association International (BOMA), the Urban Land Institute (ULI), the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), CoreNet Global, the Royal Institute of Chartered Surveyors (RICS) and the Counselors of Real Estate (CRE).

The Consortium’s mission is to dramatically scale sustainable property investment by enabling a complete assessment of the financial performance and risks of investment—employing decision-making methods consistent with traditional private sector practices.  Mr. Muldavin’s 2010 book: Value Beyond Cost Savings: How to Underwrite Sustainable Properties was the first to detail these methodologies, and more recently, as a Senior Fellow with the Rocky Mountain Institute, he authored two new practice guides: How to Calculate and Present Deep Retrofit Value for Owner Occupants (2014) and a companion guide for Investors published in April 2015.

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Mr. Muldavin is a leading figure in international collaborations tackling sustainable property financial performance and finance challenges. He has advised/collaborated with the Department of State, US General Services Administration, Urban Land Institute, CoreNet Global, BOMA International, the National Association of Realtors, the US Department of Energy, Royal Institute of Chartered Surveyors, National Institute of Building Sciences, World Business Council for Sustainable Development, Washington DC (PACE), the California Energy Commission and many others.  He is also a member of the MCSI Real Estate Thought Leaders Council, providing insights on industry trends and innovations influencing ESG management.

Mr. Muldavin joined Delos®, founder of the WELL Building Standard®, as a Senior Advisor in 2015 to continue his efforts to scale sustainability investments through a rigorous assessment of their financial performance.  Delos’s investment in measuring and codifying health and wellness provide a strong foundation for analyzing the “value beyond energy cost savings” that are key to the financial performance of sustainability.

Mr. Muldavin is a widely published author on real estate investment, finance, valuation and sustainability and a frequent speaker world-wide. More detail can be found in Publications and Speaking.

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Education

Mr. Muldavin has a bachelor’s degree in Environmental Studies from UC Berkeley and a Masters in City and Regional Planning from Harvard University. The Counselors of Real Estate and the Royal Institute of Chartered Surveyors have both awarded Mr. Muldavin their highest level of professional certification recognizing his real estate and consulting expertise.

 
 
 


 

 
 
 

Susanne Ragen


Susanne Ragen has over 20 years of experience in consulting, finance and research. Ms. Ragen brings the critical combination of industry experience, technological sophistication, economics, finance and statistics necessary to successfully “mine” the substantial information resources applicable to the real estate and sustainability industries.

Mrs. Ragen has a Bachelor’s degree in Conservation of Natural Resources from the University of California at Berkeley, a Masters degree in Public Policy (MPP) from the Goldman School of Public Policy at UC Berkeley, and a Masters of Library Science from San Jose State University.