real estate newsletter -...

Real Estate Newsletter

Fall 2010/ Spring 2011 October 1, 2010

A Co-production of the UNT Real Estate Program and the UNT Real Estate Alumni Association

www.realestatealumniunt.com

FALL 2010 MAJOR PROGRESS, ACTIVITIES OF THE UNT REAL ESTATE PROGRAM, AND ALUMNI NEWS

Dr. Mike Braswell is the Texas Apartment Association Professor of Property Management and stays active with the apartment industry and real estate students having a concentration in Residential Property Management. The TAA Education Conference is attended by qualified students who generally are amazed at the size of the trade show, educational programs and employment opportunities they find at the statewide convention. TAA sponsors and pays conference expenses for up to 20 students who attend the annual event. TAAEF also hosts a mixer for RPM students at the Career Center each Fall and Spring semesters. Dr. Braswell’s phone number is 940.565.4281 and his email is [email protected].

Mr. J.B. Durham continues to do a wonderful and crucial job in teaching Property Management and Advanced Property Management. Adjunct Professor Durham is an asset to the UNT team, to industry and to students who enjoy his classes, which employ real world applications of important concepts. Mr. Durham’s phone number is 817.988.5979 where he can also be reached for his successful multi-family consulting business.

Dr. John Baen was awarded his 25-year pin as a full-time faculty member at UNT. It has been estimated that he has had over 30,000 students in his teaching career when his three years at Northlake College are included in the tally. He continues to research and write papers on industry trends and oil and gas topics, as well as deliver several keynote speeches at national conventions. Baen remarried several years ago and at his age, imagine this, became a proud father in January 2010 of Jaxon Spencer Baen. Everyone says Jaxon is the “spitting” image of Baen, with his wild hair, outgoing personality, and enthusiasm for life. Bane’s office phone stays busy at 940.565.3071. His email address is [email protected], and he has a busy website, including a video presentation, at www.cob.unt.edu/firel/baen.

Dr. Kimberly Geideman continues to apply for and

receive research grants in the areas of real estate development, inner city redevelopment, and historic districts. Her research on historic property valuation has attracted world-wide attention to the real estate program at UNT. She was the lead author on a featured article in last fall’s Appraisal Journal and is also the lead on two publications currently in press, one in the Journal of Real Estate Research and another in the International Journal of Housing Markets and Analysis. Her work on the valuation of historic preservation easements has been cited in tax court cases, and she currently has a $400,000+ proposal to fund additional research under review with the National Science Foundation. Her latest research ventures include more work on historic properties and collaborating with Rusty MacDonald, Associate Professor of Finance at UNT, on mortgage choice and inflation expectations. Dr. Geideman’s office phone number is 940.565.3620 and her email is [email protected].

Dr. Randall S. Guttery remains overly busy as the

Associate Dean of the UNT College of Business Graduate Program for the entire College of Business. Promoting the various Masters Degrees and admission to COB programs is a huge job. Dr. Guttery continues to teach Real Estate Valuation at both the undergraduate and graduate levels. Due to the State of Texas budget constraints and new criteria concentrating on numbers of graduates (not less than 25 in 5 years) the M.S. in Real Estate will be offered as a new concentration in the MBA FLEX Program beginning in the Fall of 2011. All M.S. students currently in the program will not be affected by the change. Dr. Guttery’s office phone is 940.565.3073 and his email address is [email protected].

2 UNT Real Estate News October 2010

Mr. Tom Terrell teaches Real Estate Agency and has authored a published book on the topic. No one can tell the true stories of the legal, ethical and economic impact of real estate agents who get in trouble like he can. How to practice real estate correctly and under the law is his time-tested and important topic. Mr. Terrell and his wife Kathy also are top-notch residential finance experts and loan consultants. They stay busy with refinancing at these low, low rates. Mr. Terrell can be reached at 817.329.0140 or [email protected].

Doug Prickett is Director of Research at the Archon Group in Irving, TX, and Calvin Wong, MBA is an important part of the Archon Team. UNT had one intern with them this summer.

Aaron Johnson is now an Associate Portfolio Manager with LaSalle Investment Management and also has purchased a rent house.

Amber Hickman, class of ’09, is working as a Commercial Appraiser with Dan Wright, who was promoted to partner of the outstanding Integra Office in Fort Worth. Amber and Jeremy Dean, both former real estate students, met at a Texas Apartment Association State Convention and are now married! We call that a major merger and acquisition. Congrats!

David Dixon, Real Estate Alumni from 2002, started an executive Limo company, sold it and is now with the City of Dallas Fire Department fighting fires with one day on, two days off. He also is graduating from Paramedic School and will make even more dollars.

Andrew Sanderson, formerly with the Weitzman Group, has moved back to Denton and is a Commercial Real Estate Leasing and Sales Agent for Tom Fouts Real Estate. Mr. Fouts recently passed away and shares the name of UNT’s Fouts Field. He will be missed.

Chad Murphy is an Oil and Gas Leasing Expert with Dale Resources, acquiring inner city leases for Chesapeake Oil and Gas in Fort Worth. He was previously a high volume Mortgage Loan Officer with Point Bank.

Andrew Morgan graduated in 2009 and has joined the Wise County Appraisal District and works for Mr. Mickey Hand, who is now the Chief Appraiser/Assessor for Wise County.

Josh Fisher, formerly with Amarillo/Red Bull, is now with Liberty Mutual in the financial services business.

Christian Ward became a Paralegal and will be attending Law School this Fall at SMU or Wesleyan (accepted to both). She wants to be a Real Estate attorney.

Mr. Mike Statler has been inspecting homes for eight years. Mike presented the greatest slideshow on “Things He has Seen in Homes,” to the Real Estate Club in September. They loved his presentation. His firm is 1st Priority Inspections, 817-INSPECT (407-7328). If you do not want to find out what is wrong with a property… don’t call him.

Blake Hedgecock has joined a Law Practice of an elite law firm in Fort Worth and is doing Real Estate Litigations. Blake also gives his time teaching Principles of Real Estate 2100 at UNT. The students love him!

David Vanderlaan has expanded his Denton County brokerage business (30 years) to include Lake Kiowa and is doing great selling land. His wife is a top residential real estate agent who is making way in a down market.

Aaron Strait has received a big promotion with GE Energy Services and will begin travelling internationally next month. He gave a UNT student body presentation September 21, 2010, and he has also promised to visit Real Estate 2100 and 4300 classes to get them motivated!

Kevin Sweet has been promoted by Wal-Mart as the West Coast Manager and Site Locator. He and his wife Katinka and son Conner have moved from Bentonville, AK to urban living in San Francisco.

Cody James is really doing well in the Apartment Locating business in the DFW region. Amazing how much referrals and showings can make in the “down” market. Cody will be big one of these days… just watch!

Michael Roach (Real Estate MBA), formerly of Devon Energy, has taken a position as the “Man on the Ground” in Midland/Odessa, TX. He now has several years of experience in land and title issues.

Paul Myrick, formerly of FedEx, is now the boss, Vice President of Real Estate at Sally Beauty Head Quarters in Denton, Texas. Several former UNT students work as site locators and lease negotiators for Paul.

Wayne Holt, long time UNT Alumnus, has been a land developer, investor and livestock producer in Argyle, Texas. Wayne is on the City Council of Argyle and has joined Mass Mutual in the Financial Services industry as well as writing lots of Fire and Hazard Insurance on homes and commercial properties. As an independent agent, he beat everybody else’s quotes on a Farm and Ranch Policy for Baen.

Ryan Tole has been “out” 4-5 years, started and sold an elite car parking business and has invested the proceeds in rent house deals he puts together. They are buying on the court house steps for cash. He does it all for his investors and earns his way in profits. Ryan has also returned to UNT to get his MBA in Finance.

Joe Fisher has been promoted by Robert-Half and Associates finding accounting and finance positions for large companies.

Mr. “X” from Wichita Falls has accepted a Special Federal Agent position with U.S. Homeland Security. He is thrilled when he came to tell us, was “packing” and asked his name not be in the newsletter. I guess being a UNT Real Estate major qualifies us to protect all the Real Estate in the US!


Kerry Adams, MBA, is now the Director of Strategic Planning and Research at the Sarofirm Realty Advisor Group in Dallas, Texas.

Julie Willeke, site locator negotiator with Rent-A-Center in Plano, and her Engineer husband became the proud parents of a beautiful baby boy in November 2009.

Sign Posts to the Future 2010-2015 Real Estate Market Update

By Professor John Baen

Last year’s UNT Real Estate Newsletter made some worrisome predictions, and many readers have deemed me as Dr. Doom! This year I must quote Mr. Chris Hannah of the Utley Group, who perhaps says it best in the September 10, 2010, DFW Real Estate Research Forum Newsletter (www.dfwrerf.com):

“We are dealing with the ‘D Syndrome.’ We have today the glorious specter of Debts, Deleveraging, Deficits, Default, Delinquency, Deflation, and Depression (economic and emotional).”

I am not here to tickle your economic ears or to offer doom and gloom forecasts. Do you know the difference between speculation in real estate and wise investment in real estate? Outcome! The problem with most real estate investors is their time horizon for long-term investment is about two to three years. Long-term is 8 to 15 years! It is my opinion that we are not at the bottom yet, but please remember that bad news (pain, suffering and hardships) is really good news and spells opportunity for those with the courage to know — know when to buy and how to raise money. There are wonderful deals out there, but very little money around. This is a much better situation with much less risk than the previous situation market of lots of money and so few deals, which was the case three years ago. The economy is great except there is too much debt. Yes there are a lot of problems out there. The following is just a glimpse of how the U.S. Government is doing. Here is a short list of those who received an “F” for failure or over extension of their budget.

• FDIC – closing 879 banks this month and the agency has no reserves and will be writing checks off the U.S. Treasury that will only turn on the printing presses of inflation

• FNMH – poised for bankruptcy due to defaults and interest rate risks – yes, eventually interest rates will go way up and devalue their loan portfolio

• FHA – government mortgage default insurance – yes they have no reserves and cannot pay

back the mortgage holders, bond holders, or anyone without the printing presses rolling

• VA – no reserves and overburdened on mortgage defaults

• Social Security – what a mess • IRS – currently hiring 16,000 new agents to

administer the new health care plan. Why don’t they just go after the underground economy and crooks who do not report or file income tax returns?

All the signs are here for this economic train wreck, which is in slow motion and is about to be concluded… and there will be a lot of survivors and thrivers. The veterans will be bond holders. The signs of a major turn or occurrence are as follows:

1. Gold and silver have hit their all-time highs and have increased due to the loss of faith in financial assets (stocks, bonds, etc.) which has begun to take its toll

2. The stock market is “fluttering” with low dividends (1%) and little prospects except to have a major correction soon. The 401-K’s, ORPs, and Mutual Fund markets have seen small investors pulling out completely with the profit picture for most firms looking weak, and the new 2011 Dividend Tax Rate will cause a “dump.”

3. The “safe” bond market is 6 times larger and has more exposure and importance than the stock market. “Safe” money has been gushing into bonds even at 1-2% interest rates. What are the chances that California will go broke and bond holders will suffer? Arizona is selling their government buildings and leasing them back. Hmmm… is that a AAA+ tenant or an FFF+ rated tenant? The municipal bonds based on property taxes of the shattered housing markets in other parts of the US (not Texas) may lead to serious default risks for major investors and institutions. All in the name of “safety” and avoiding the increase in IRS taxes that are forthcoming. Will the US Government bail out the “Muni” defaults? Likely! To head off a financial meltdown!

Almost forgot! What are the chances that interest rates will go up in the next 2-3 years? Hmmm… Fed rate is ¼%. Could they go lower? Perhaps negative interest rates? New concept! Bonds will crash for several reasons, in my humble opinion. So what are we to do?! Well, real estate is always the true basis of wealth. Once paid for whatever the rent, cash flow levels do, up or down, will have the same buying power in the grocery store. This concept is called “Parity”. The purchasing power will remain constant. My grandmother Baen bought 11 rent houses


in San Antonio that were worth $6000-$6500 in 1928. She purchased them in the 1930’s for $500 each when nobody wanted them or had no money, and had to rent. Yes, rents were $50-$60/month. But what that rent money would buy was more than pre-depression rents! There are many reasons why real estate, particularly in Texas, is going to boom.

1. Hard Asset – real vs. paper asset 2. Growing population – will double in 30 years

according to Texas A&M Research Center 3. Tax Benefits for 2011 – new taxes are coming

and real estate, after tax benefits and demand, will grow after 2011 new tax bomb goes off.

4. Yields – real estate yield 8-12% on a paid for basis. Beats the heck out of financials.

5. Inflation and U.S. Dollar Devaluation 6. Low Rates – refinance now. Go long now,

4.25% for 30 years will not last for many reasons. It is a sucker play for the leaders. When the bond market crashes along with FNMA lookout. If I am wrong, refinance again at still lower rates.

Conclusion: There is more debt out there and obligations by the U.S. governments, states, cities (Dallas), companies and families that can ever be paid back, even at zero % interest. There will be an event that triggers a change.

1. Cyber wars that crash the financial institution 2. China cashes in all T-bills/T-bonds all in one

day 3. Natural disaster 4. Terrorist occurrence (domestic or foreign) 5. U.S. government default 6. Major Banks are formally declared broke due

to transparent accounting rates. (The loan assets have dropped 50% on most institutional loans and FDIC is broke — they are still on the books at PAR!)

It is like the 2nd coming of Jesus, no one knows if or when, but we are all one day closer to being correct! What an exciting time! Get real, get some real estate, keep the faith, work hard, and remember 85% of the people have a negative attitude all the time and predict terrible failures. Markets can be wrong regardless of Business Efficiency Theory. It Is never as bad or as good as the general population believes. Real Estate is certainly less risky and currently undervalued based on this writer’s perspective. Cash will be king for a while and then real estate will rage upward, maintaining its true worth and making you all kings and queens again. Bad news is good news. Keep the faith and have an action plan now. What do I know? I’m just a real estate professor, if I was so “smart” I’d be rich!

UNT Real Estate Scholarships and Fund Raising

These are the primary sources of Real Estate Scholarship and Program Support at UNT.

Former students who appreciate their education received

from the Real Estate Program (any amount will do!) Our students and program are running desperately low. Also, please remember us in your estate planning.

Former students and recently graduated who actually received a UNT Real Estate Scholarship during their college years. We ask that they replenish the funds provided within five (5) years, if possible, to help other poor students through school. Some give much more than they received, i.e. Randy Smith.

Our Industry Partners and Professional Organizations.

DFW CCIM, CCIM National, CREW Dallas, CREW National, Ebby Halliday Realtors/Dallas, the Appraisal Institute, and seeking others! Help!

UNT Real Estate Club Service Programs and Activities.

CCIM Skeet Shoot, CREW Golf Classic, Golf Tournaments, and Annual Real Estate Retreat.

Free Speeches by Baen, who trades his time and efforts

for loyal contributors and organizations who offer scholarships instead of speaking fees (CCIM, CREW, the Dallas Real Estate Research Forum, DRERF). There is a limit on how many speeches we can do on Sign post to the Future Five (5) year Prediction/Forecast of the DFW/U.S. Real Estate Market for all classes of Real Estate. The blending of trends, and “unrelated” news stories found in front page stories and business magazines, form the basis of educated guesses on where real estate is going.

THE REQUEST We all need to be on the lookout for

donors and gifts, large and small, which will continue the scholarships, program and research that make the UNT Real Estate Program one of the top programs in the World!

The tradition of our successful alumni and friends giving back to the UNT Real Estate Program is the backbone of dedication to the industry, the students (whose tuition went up 30% in 2005) and the reputation of the program. The ball is rolling! Those students receiving a real estate scholarship while at UNT are asked to “give back” after they are in their successful career paths. Most are doing so with a soul of compassion and appreciation and often give much more! That is WHY we have a record number of scholarships. Many of our wonderful donors have begun the tradition of creating a one-time endowment or have contributed an annual gift fund in their name or the name of their parents or real estate firm, e.g., (Smith, Wolski, Lucas, etc.).


UNT Real Estate Alumni News And Friend of UNT

www.realestatealumniunt.com

UNT Real Estate Alumni Association – YOU ARE ALREADY A MEMBER, BUT YOU NEED

TO REGISTER!! Any non-UNT Real Estate person may join

Jerod Hangartner of TIG Real Estate Services Inc. stepped up to the plate and has greatly improved the UNT Real Estate Alumni website! You must register again if you are not on the posted roster! Numbers are growing. Any major and any friend of UNT in the real estate business may be a member free! Sign on up guys and ladies! Go to www.realestatealumniunt.com and register now! You may not know the UNT Real Estate Alumni Association (UNTREAA) was formed about three years ago to build awareness and support of the UNT real estate program by providing information about events and news, networking opportunities for students and alumni, and to build a strong network of UNT real estate alumni. Membership is open to all UNT graduates who are working in the real estate industry, even if you did not actually go through the real estate program. It is also open to friends, firms, and supporters of the program. We need your most current contact information in order to make you aware of the events organized through UNTREAA such as some of these exciting events during 2010 and 2011:

• Homecoming UNTREAA tailgating • Annual Real Estate Retreat at Baen’s Ranch • CCIM Sporting Clay Shoot • Social/Business Pizza Meetings • Semi-Annual Networking Happy Hours

Jobs/ Internships Available or Seeking! Pass the registration website page along to anybody you know who might be interested in registering, and watch for upcoming events which will be promoted via email.

UNT REAL ESTATE

ALUMNI ASSOCIATION www.realestatealumniunt.com

The UNT Real Estate Alumni Association builds awareness and support of the UNT real estate program by providing information about current events and news, networking opportunities to students and alumni, and building a stronger network of UNT real estate

alumni. The primary functions of the UNT Real Estate Alumni Association are to:

Provide Networking Opportunities: Real estate is about relationships, The alumni association provides many opportunities to meet other UNT real estate graduates through several different events throughout the year.

Promote the UNT Real Estate Program: The UNT real estate program is one of the top rated real estate programs in the United States! The alumni association is working to build the recognition of the UNT real estate program throughout the business community to promote the credibility of your education.

Support the UNT Real Estate Program: The continued strength of the UNT real estate program and alumni association will require support from all to retain and build upon this presence. Financial support is always helpful, but the physical support of becoming involved and working to build on these goals will guarantee the continued success of the UNT real estate program, strengthen the activities of the alumni association, and supplement your ability to build on your career through your education at the University of North Texas.

JOIN TODAY! The UNT Real Estate Alumni Association is free to all who attended the University of North Texas and to friends of UNT alumni that are working in the real estate industry. Any gift or scholarship over $25.00 earns a free 2010/2011 UNT real estate t-shirt.

Please visit the UNT Real Estate Alumni Association

website at: www.realestatealumniunt.com

The website contains great information about upcoming alumni events and recaps of past events as well as information on job postings and contacts for UNT alumni who have registered to be a member. If you have not yet registered on the website, please do so by clicking on the “Register” button on the left side of the page. This will insure that you are kept up to date with the latest activities.


UNT Real Estate Program News Fall Fall Fall Total Students 2008 2009 2010 Principles of Real Estate 289 202 190 (REAL 2100) Real Estate Agency 22 15 29 (REAL 3100) Real Estate Finance 43 48 29 (REAL 4000) Property Management 42 37 18 (REAL 4200) Real Estate Investments 72 64 66 (REAL 4300) Real Estate Valuation 45 31 17 (REAL 4400) Real Estate Internship 1 1 1 (REAL 4800) Advanced RE Valuation 5 7 7 (REAL 5400) Advanced Investments & 11 8 0 Analysis (REAL 5760) Real Estate Internship 1 0 0 (REAL 5800) Real Estate Special Problems 3 6 5 (REAL 5900) Real Estate Law & Contracts 68 71 72 (BLAW 4770) Advanced Real Estate Law & 2 10 9 Contracts (BLAW 5770)

Fall 2008 Total – 604 500 *443 *Due to the limited large classroom availability, the number of enrollments declined.

21st Annual FIREL Awards Reception

Thursday, April 22, 2010 UNT University Union Silver Eagle Suite Where the most outstanding students and scholarship

recipients were awarded

Outstanding Masters Student in Real Estate Justin G. Harmel

Outstanding Student in Real Estate

Chelsey D. Hayes

Integra Realty Resources Valuation Scholarship Justin Harmel Joshua Tener

Real Estate Scholarship

Matthew Andrus Jessica Estep

Thomas Giallonardo Justin Harmel

Jun Yin

Texas Apartment Association Education Foundation/Larry Niemann and Jonetta Vise

Academic Scholarship Thomas Giallonardo

Priscilla Perry

Commercial Real Estate Women Scholarship Chelsey Hayes ($10,000)

Ebby Halliday Scholarship

Ashley Gordon

International Right of Way Association Chapter 36 Scholarship Justin Giallonardo ($1000)

Other UNT Real Estate Scholarships

Awarded by Industry

SIOR and SIORF DFW Scholarship Awarded September 15, 2010 at Park Cities Club Dallas by

Russell Cosby of SIORA Jones Lacing LaSalle Americas Tommy Giallonardo ($3000)

CCIM Education Foundation Scholarship Awarded Summer 2010 for Industry Class CCIM 101 and 102

Tommy Giallonardo ($2000)

2010 CCIM Dallas Gun Club Event Scholarships September 30, 2010. UNT Real Estate Club Members have volunteered for

20 years to keep score, deliver shells, clean up, etc. CCIM has offered two $500 scholarships in appreciation of

UNT support for the event. TBA ($500) TBA ($500)

Wolski and Randall Smith Scholarship Awards

Generally the source of various scholarships above TBA ($500)

Bill Yee Donations

A successful Real Estate investor who is loyal and appreciative of the UNT program

TBA

UNT Real Estate Alumni Association Who assists us with the gathering of UNT Real Estate Eagles

twice per year at various locations TBA


UNT Real Estate Club News Either you know or have heard about the great program in Real Estate here at the University of North Texas. Being one of the top ten programs in the nation, it should be no surprise that the community supporting the students is not only one of academia, but also one with a practical basis of continuing support through alumni alliances and connections. The Real Estate Club has been the students’ way of camaraderie through the North Texas system to share their college time as active and responsible young professionals. Over the past year we have had numerous speakers in the real estate industry join our club meetings to share stories and their experiences in the field. On average we carry over two hundred members a semester, making us the largest club at UNT. As the university continues to grow through new leadership from President Rawlins, our very own Real Estate Alumni Association, and from the students spreading the word, we will continue to become stronger and create more awareness about North Texas’ number one Real Estate Program.

2010/2011

Real Estate Club Officials President: Cecilia Chaparro

[email protected] Vice President: Ashley Gordon

[email protected] Secretary: Rachel Felipe

[email protected] Treasurer: Heather Bench

[email protected] Historian: Lindsey Kahn

[email protected] Web Tech: Jerod Hangartner

[email protected] Bouncer: Andrew Ramler

[email protected]


NEW REAL ESTATE FLEX MBA!

(Real Estate MBA! Concentration)


UNIVERSITY OF NORTH TEXAS REAL ESTATE CLUB FALL 2010/SPRING 2011

**All Dates to be Confirmed** - Watch Board-

1. September 15, 2010 Wednesday

• College of Business Career Fair at the UNT Coliseum at 3:00-6:30pm

• DFW Real Estate Research Forum Luncheon

2. September 16, 2010 Thursday PIZZA MEETING 12:30-1:45PM SIGN UP MEETING Curry Hall 104 • Field Trip Sign Up • Guest Speaker • Elections • Activities-Join for $5 a year NOW! • Meet the Faculty • Meet the Club • Scholarship Application Deadlines (Feb 2011)

• Announcements • Information • Retreat Planning • Speaker Mr. Mike Statler,

1st Priority Inspections 817.467.7328 or 817.INSPECT

• Mr. Statler is one of the top home and apartment inspectors in Texas. He will share fantastic photos and horror stories on what he finds wrong in buildings! A wonderful and funny presentation to keep you from buying a BAD deal.

3. September 30, 2010 Thursday 11:00AM-6:30PM CCIM Sporting Clays Outing and Hosting! • 25 club members needed. We don’t shoot but host the Big Dogs of Real Estate and keep scores followed by

dinner and prizes • Or you can shoot for a $150 donation! More info later.

4. October 7, 2010 Thursday 5:00-6:30PM Texas Apartment Association Sponsored Mixer and Food/Beverages! • A great opportunity to meet and greet our UNT Real Estate Program sponsors and supporters. • Jobs, opportunities and fun! • UNT Career Center TAA Reception at the Union

5. November 12, 2010 Friday 5:00-11:00PM UNT Real Estate Club Retreat • 350+ in attendance • Dinner • Tours/Jobs

• Alumni Testimonials • Student RSVP Signup sheet in COB 177 (FIREL office) • Bring Guests!

6. November 18, 2010 North Texas CCIM Park Cities Club Luncheon • Limited to 20 students.

Advanced students priority first. • Professionally dressed • TBA

SPRING ACTIVITIES

7. TBA Golf Classic Commercial Real Estate Women (CREW) of Dallas • Gleneagles Country Club • 40 UNT Volunteers Needed • 4+ hours

• UNT Green Shirts required • Signup sheet in COB 177 • Wonderful opportunity to network!

8. February 2011 TBA Alumni on Campus and Real Estate Job Fair • Speeches • Pointers • Testimonies • Company Reps

• Interviewing • Career Counseling • Big Brother & Sister Commercial Real Estate Mentor

“Hook-up” 9. April 14-16, 2011 Texas Apartment Association Convention Field Trip in Fort Worth

• See Dr. Braswell for Signup and Requirements • 18 students all expense paid


UNT Real Estate Alumni Retreat Baen’s Ranch

UNT Skeet Shoot Dallas Gun Club


William F. Buckley

Nat Hentoff

Albert Einstein

Al Gore

President Obama

Baen Baen recently received a notice from the UNT Fire Marshall because of his amazing office.

Just passing this along –

The old adage is: “a cluttered desk is a sign of an ordered mind”…..


Give Back! Real Estate Professorship! Free 2010/2011 UNT Real Estate T-shirt with any gift of $25.00!

In order to enhance the real estate program’s level of excellence dramatically and make it the destination for high quality, real estate career-track students, the FIREL Department has long wanted to fully fund an endowed chair in commercial real estate. This effort is well under way. We want to build on the current success and invite you to join us in fully funding an endowed chair. $100,000 has already been pledged and accepted by the UNT administration. The CCIM, SIOR®, ULI, MAI®, TAA, REALTOR®, and Baen Endowed Chair in Commercial Real Estate will ensure commercial real estate is always taught at UNT. It will create a new faculty line that will hire a fourth full-time real estate professor who, by virtue of being named to the endowed chair, will be a renowned scholar. The chair will also expand the pool of quality, recruitable students for the real estate industry and extend the legacy of excellence in professorship established in part by the founding faculty. The goal of $1million will yield $40,000 annually to be used toward research expenses, travel expenses, and salary supplements. The Chair is named to honor those leading organizations in the commercial real estate industry that have strong ties to the real estate program. These leading organizations and trade groups are Certified Commercial Investment Member Institute, Society of Industrial & Office Realtors®, Urban Land Institute, Appraisal Institute®, Texas Apartment Association, and Realtor®. The real estate program develops highly trained commercial real estate professionals who are then hired by these organizations. The success of the university and these organizations is linked through the students graduating from the real estate program. We want to complete this project by the end of the year in order to hire a new faculty member soon. Show the real estate program you support us and the endowed chair. Your past financial support has been a tangible demonstration of how much you value your education, the real estate faculty, and the importance of a strong real estate educational program at UNT. A generous contribution at this time will allow us to get much closer to the goal of funding the endowment for the chair this year. You can also ask your employer to financially support the endowed chair through a corporate matching program or an outright gift. You can make your gift online by using our secure online giving form which can be found at https://development.unt.edu/givenow/givenow.php; use Appeal Code ECCOMREAL. Or you can send your check, made payable to UNT Foundation, to the Office of Development, 1155 Union Circle #311250, Denton, TX 76203-5017. Thank you for your time and for supporting UNT.

UNT Endowed Professorship in Commercial Real Estate Investment

Yes! I am interested in investing in the future of the Real Estate Program at UNT. Please contact me with more information on this proposed endowed professorship.

Name_______________________________________ E-mail_______________________________

Address _________________________________________ City____________________________

State_________________________ Zip________________ T-shirt Size: S M L XL

Phone #______________________ Phone #2____________________ Fax ___________________

Mail this form to John Baen,

1155 Union Circle #310410, Denton, TX 76203

OR Fax to 940.565.4234


Autumn 2010 Real Estate Retreat

Friday, November 12, 2010, 5:00-11:00 P.M. 25th Annual Event

For UNT friends, guests, former students, real estate students, and real estate professionals. KIDS WELCOME. Hosted by Friends of the UNT Real Estate Club as a non-university event.. Why?

• Dinner hosted by UNT Real Estate Alumni Association • Head Hunters and HR People Welcome • Deals, contacts, internships, renew acquaintances • To get to know more real estate people! • Get together, sit together, socialize • Meet current and former students • Relax around the campfire high on a hill • Hayride through the woods in a pick-up truck! • Make friends for your future! • Fishing is good (catch and release) • Feed the deer • Canoeing • Get out of town • Walk in the woods

Yes! I would like to sponsor a named Real Estate scholarship. One time gift of $__________ OR

Amount per year: $250 $500 $1000 $25,000

(Make checks payable to UNT Real Estate Scholarships #75697 or for program support UNT Real Estate Unrestricted Gift Fund #67583) Name_______________________________________ E-mail_______________________________

Address _________________________________________ City____________________________

State_________________________ Zip________________

Phone #______________________ Phone #2____________________ Fax ___________________

Mail to: UNT Real Estate Program

1155 Union Circle Box #310410

Denton, TX 76203-5017


RSVP to Retreat--Friday Night, November 12, 2010, 5:00-11:00 P.M.

Keep the Map! Fax RSVP to (940) 565-4234 or respond online at http://www.cob.unt.edu/rsvp

____ YES, we plan on coming to the Real Estate Retreat!

NAME: __________________________ with _________ guests. (Kids, friends welcome!) My phone number is ___________________. My firm is __________________________________. My cell phone number is ________________. My email address is ___________________________.

RSVP by November 5. (If possible. If not, just come!) phone (940) 565-3050, fax (940) 565-4234, e-mail: [email protected]

______ NO, we wish we could attend! Attached please accept our contribution of $________ to support

the UNT Real Estate Program.

Mail contributions to John Baen, PH.D., UNT Real Estate Program, FIREL Department, 1155 Union Circle #310410, Denton, TX 76203-5017. Please make checks for program support payable to UNT Real Estate Unrestricted Gift Fund #67583 or for scholarships to UNT Real Estate Scholarships Fund #75697. Where: Baen's ranch, approximately one (1) hour from DFW or Denton. Food: A light dinner will be served. Bring your own beverages. Dress: Casual or ranch wear. In case of bad weather, we have plenty of room in the main ranch house. Cell

phones don’t work near the ranch but the landline phone number is (940) 567-3120. (Please use only as an emergency.)

RSVP: With the staff at (940) 565-3050, online at http://www.cob.unt.edu/rsvp or via fax (940) 565-4234 by

Friday November 12, 2010, Friday (SAME DAY). Cost: Free! Donations to the UNT Real Estate Program are appreciated. Alumni who do not attend are

encouraged to send $20 to $100 to support the UNT Real Estate Program. Please make your TAX DEDUCTIBLE check payable to UNT Real Estate Unrestricted Gift Fund #67583 or for scholarship support to UNT Real Estate Scholarships #75697 and send to the following address: Dr. John Baen, Professor of Real Estate

FIREL Department 1155 Union Circle #310410 Denton, TX 76203-5017 IMPORTANT: Main entrance on south side of 1810-well marked! After entering gates, please close them behind you. There are cattle and other animals wandering around. Bring your boss, your family, friends of UNT and a warm jacket along with a big smile! Bring real estate alumni or anyone who is interested. Please do not bring firearms or dogs. Parents are responsible for their children's safety and well-being.


59

Jacksboro

181013 miles

Cemetery

You’ve Gone Too Far!White Church

Cundiff

Baen’s

MainGate

US 287

Decatur

US 380Denton

TX 114

US 287

Railroad tracks

\ /

R an ch

F M 1 81013 M i les F M 181 0

13 M i les

F t W or th D al las

25 M i les

E n tr an c e

C h ic o

C h ic o M ar t

DIRECTIONS: For online map services, the address is 621 Baen Lane, Jacksboro, TX 76458 54 miles west of Denton 1. From Denton--US 380 West to Decatur (25 miles) –OR- From DFW Airport up Hwy 114 to 287 to Decatur. 2. 1 mile North of Decatur on US 287, turn left (west) on FM 1810 to Chico, Texas (13 miles). 3. Proceed through Chico, jog right then left (west) at Chico Mart and continue on FM 1810 West toward Jacksboro for 13 miles. 4. We are halfway between Chico and Jacksboro on FM 1810@ Cundiff, Texas! 5. Flags and signs will be on main gates, south side of highway.

IN CASE OF EMERGENCY ONLY OR IF YOU GET LOST CALL 940-567-3120

CELL PHONES DO NOT WORK WITHIN FIVE MILES OF RANCH

KEEP GATES CLOSED PLEASE!!

University of North Texas FIREL Department 1155 Union Circle #305339 Denton, Texas 76203-5017

Non Profit Organization U.S. Postage

P A I D Denton, Texas Permit No. 455

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