NEW YORK, November 18, 2013—Hugh F. Kelly, a clinical professor at the NYU Schack Institute of Real Estate, has been named the 2014 chair of the Board of The Counselors of Real Estate (CRE), an international membership organization for the most trusted advisors in real estate. Kelly marked the beginning of his one-year term on Oct. 23 at the CRE's Annual Convention in San Francisco.
Kelly began teaching at NYU Schack, a division of the NYU School of Continuing and Professional Studies, in 1984. He became a member of the full-time faculty, with the title of clinical associate professor, in 2003, and was promoted to clinical professor in 2013. He currently teaches graduate-level courses in "Real Estate Economics & Market Analysis," "Risk & Portfolio Management," and "Urban Economic Development."
In addition to his teaching responsibilities, Kelly serves as the editor of Premises, the Institute's biannual magazine that covers numerous aspects of the real estate industry, including economics, equity and debt financing, investment and analysis, development, sustainability, global markets, and construction management. He also will direct Schack's new applied research initiative, which will launch early next year.
Kelly specializes in development of economic and market forecasts, portfolio strategy, and seminars and workshops. He heads his own consulting practice, Hugh F. Kelly Real Estate Economics, which serves national and international real estate investment and services firms, governmental organizations, law firms, and not-for-profit agencies. Previously, he was chief economist for Landauer Associates, where he worked for 22 years until early 2001. Kelly also served as the president of the board of directors of the Brooklyn Catholic Charities' affordable housing development corporation (2006–2012), and is an avid industry spokesman. The author of more than 200 articles in industry journals, Kelly recently published a paper on contemporary politics and economics, "Judgment: Imagination, Creativity, and Delusion," in the philosophical journal Existenz. He is widely known for his research on 24-hour cities and commercial real estate investment performance.
Kelly also has been instrumental in New York City's response to the 9/11 World Trade Center catastrophe. On behalf of the Regional Plan Association and the New York Civic Alliance, he studied the economic impact of the terrorist attack on firms in and around the Trade Center and recommended redevelopment of the site for commercial use, together with transportation and memorial facilities. He provided expert testimony in both the insurance litigation and in the arbitration of development disputes. He was a researcher and a principal author of the report Downtown 2020, issued in 2009 by the multidisciplinary Downtown Futures Group, testifying before the New York City Council and the New York City Planning Commission.
A member of The Counselors of Real Estate since 1989, Kelly has served on many of the organization's committees, including as editor-in-chief of the group's esteemed peer-reviewed journal, Real Estate Issues.
Kelly earned a Ph.D. at the University of Ulster (U.K.) and a B.A. at Cathedral College