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Resources for COVID-19 and Beyond

During a time of great uncertainty and change, connection and information is a more important resource than ever before. Today's problems could be amplified or completely altered in a matter of days or hours, so it is vital that organizations and thought leaders frequently share knowledge, dispel rumors, and offer insight.

To meet this need, the USC Lusk Center for Real Estate launches the resource Lusk Perspectives.

Hosted by Professor and Lusk Center Director Richard K. Green, Lusk Perspectives offers timely analysis and shares accurate data vetted by leading experts on the latest developments and observations concerning policy, real estate, COVID-19 and more.

Once interviews are conducted, resources and videos will be made available here and on podcast channels as soon as possible.

 

Latest Perspectives

Addressing Land Loss for Underserved Americans

December 18, 2020
Thomas Mitchell
Thomas Mitchell | Professor of Law, Co-Director of the Program in Real Estate and Community Development Law, Texas A&M University
Dana Goldman
Dana Goldman | Interim Dean, USC Sol Price School of Public Policy , and Leonard D. Schaeffer Director's Chair, USC Schaeffer Center

Dana Goldman hosts Richard Green and Thomas Mitchell in a conversation about Mitchell’s work on attempting to rectify the many ways that Black and other disadvantaged American families are deprived of their real estate wealth.

Upon the passing of a land-owning family member without a designated will, a great many properties of Black Americans passed property to multiple interest-owning heirs. Often called an “heirs property” or “tenancy in common”, this arrangement makes the estate easy to enter into a forced sale where the property sells for a fraction of its value. Affecting both rural and urban disadvantaged populations, Mitchell’s work has spearheaded both legal and legislative reforms in several states to help alleviate forced sales of a family’s vital source of generational wealth.

From Conversations with Interim Dean Goldman: Featuring Thomas Mitchell and Richard Green

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Long Run Effects of Quantitative Easing

December 16, 2020
Rodney Ramcharan
Rodney Ramcharan | Professor of Finance and Business Economics, Marshall School of Business

Rodney Ramcharan joins Richard K. Green to look back at 2009 and the quantitative easing used to inject money into the US economy during the financial crisis. Ramcharan shows that the effects of government intervention in the economy can last a long time, up to six years, with refinance activity providing a key indicator for a business’s future health. Green and Ramcharan discuss how the data gathered since 2009 could inform monetary policy as the effects of the pandemic continue, as well as the varying viewpoints economists have had over the years about the debt ceiling.

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Valuation - How Do You Value in Times Like This?

December 7, 2020
John W. Loper
John W. Loper | Associate Professor, USC Sol Price School of Public Policy
George Koiso
George Koiso, MAI | Director, Los Angeles Multifamily Practice Leader, CBRE Valuation & Advisory Services
Jaime Lee
Jaime Lee | Chief Executive Officer, Jamison Realty, Inc
John Pawlowski
John Pawlowski | Senior Analyst, Residential, Green Street Advisors

An excerpt panel from the Casden 2020 State of the Market conference. John W. Loper  hosts a discussion with industry practitioners George Koiso, MAI, Jaime Lee, and John Pawlowski on how valuation works today as COVID continues to influence the market in unexpected ways. The panel dives into their perspectives and observations on current trends in Net Operating Income, occupancy, and collections as well as how underwriting and financing is changing with Federal stimulus dollars available. 

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Distressed Debt and the K-Shaped Recovery

November 18, 2020
Sean F. Armstrong
Sean F. Armstrong | Managing Principal, Westport Capital Partners LLC

Sean Armstrong joins Richard Green to discuss highlights from his career, his views on acquiring distressed debt, and how COVID could impact the industry. Though the K-shaped recovery will likely be a general trend going forward, Armstrong sees the recovery playing out in very focused markets with multiple intersecting factors including region, product type, COVID progress, and consumer behavior. Green asks questions about Armstrong’s process on looking for opportunities, where he has made mistakes in the past, and what options remain for regional malls in decline.

Record date 10/8/20

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COVID-19 and Renter Distress

November 10, 2020
Michael Lens
Michael Lens | Associate Professor of Urban Planning and Public Policy, UCLA Luskin
Michael Manville
Michael Manville | Associate Professor of Urban Planning, UCLA Luskin
Paavo Monkkonen | Associate Professor of Urban Planning and Public Policy, UCLA Luskin

Richard Green (Director, USC Lusk Center for Real Estate) is joined by Michael Lens (Associate Professor of Urban Planning and Public Policy, UCLA Luskin School of Public Affairs), Michael Manville (Associate Professor of Urban Planning, UCLA Luskin), and Paavo Monkkonen (Associate Professor of Urban Planning and Public Policy, UCLA Luskin) to discuss their joint study on renter distress during the COVID-19 crisis. Among its many findings, the study illustrates that though many households are making rent payments, tenants may be using other means of credit or cutting basic needs spending to do so.

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