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Scott Muldavin, CRE, FRICS

Senior Fellow

Scott Muldavin is Executive Director of the Green Building Finance Consortium, a group he founded in 2006 to improve valuation and underwriting practices to enable an assessment of sustainable properties from a financial perspective. His book: Value Beyond Cost Savings: How to Underwrite Sustainable Properties is the first to detail the mechanics of how to value and underwrite sustainable properties from the perspective of capital providers.

Mr. Muldavin is a leading figure in international collaborations tackling sustainable valuation and finance challenges. He collaborates closely with the Rocky Mountain Institute on a series of initiatives to expand the depth of sustainability investment and has been involved in scores of other projects addressing valuation, finance policy, performance assessment, energy efficiency, database development and other important topics.

Mr. Muldavin lectures and speaks throughout the world on real estate finance and sustainability. He has lectured at UC Berkeley, Stanford University, MIT, the New York Academy of Science, Lawrence Berkeley National Laboratories, Torcuato Di Tella University, the Tokyo Land Forum, and the Ministry of Land and Resources in Beijing. He also speaks regularly at meetings sponsored by the Urban Land Institute, the Mortgage Bankers Association, the Royal Institute of Chartered Surveyors, NCREIF, the Pension Real Estate Association, the Appraisal Institute, and BOMA.

Mr. Muldavin's work with the Consortium is based hundreds of interviews with corporations, investors, lenders, developers and service providers pursuing sustainable property investment strategies to understand their challenges, failures, and successes. The Urban Land Institute, the Royal Institute of Chartered Surveyors, the Building Owners and Managers Association, the Mortgage Bankers Association, the Pension Real Estate Association, the National Association of Realtors and others support his work.

Real Estate Industry Experience

He has worked extensively in both the real estate debt and equity capital markets. He co-founded Guggenheim Real Estate, a $3+ billion private real estate fund; has advised scores of pension funds and their advisors on investment and capital raising strategies; assisted numerous national and global corporations in designing and executing their real estate strategies; served as a real estate financial institutions leader while a partner at Deloitte & Touche, and advised scores of lending institutions on their underwriting and financial product development and marketing decisions.

Mr. Muldavin was also a leader in the corporate real estate practice at Deloitte and Touche and throughout his career has advised corporations such as Texaco, Nissan Motors, Pacific Enterprises, Phoenix American Corporation, Universal Studios, Johns Manville, House of Blues, and many others on their leasing, acquisitions, and real estate strategies.

Mr. Muldavin has been directly involved in the structuring, valuation and due diligence of real estate property and business transactions. He was a leader of the real estate valuation and transaction practice while at Deloitte & Touche and had similar roles in other firms. He has completed valuation and due diligence engagements involving the acquisition of office buildings, retail properties, hotels, multi-family properties, industrial properties, large land parcels, mortgage portfolios, mortgage companies, commercial banks, real estate service companies and other real estate assets.

As an Investment Committee member of Guggenheim Real Estate, Mr. Muldavin reviewed hundreds of retail, office, industrial and multi-family investment opportunities throughout the United States, as well as investments in mezzanine loans, B-piece investment, funds, preferred equity, and REITs.

Mr. Muldavin also has substantial securities experience. He was on the Board of Advisors of Global Real Analytics, which advised on the management of over $ 1.5 billion of REIT and Collateralized Debt Obligation securities. He 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 companies in the development of REIT and CMBS investment products and strategies. As a co-founder and investment committee member of Guggenheim Real Estate, he monitored the REIT market and participated in investment decisions concerning the allocation of hundreds of millions of dollars of REIT investments.

Mr. Muldavin has authored nearly 200 articles published in Real Estate Finance, RICS Property World, Bankers Magazine, Urban Land, the European Real Estate Yearbook, The Journal of Property Management, The Pension Real Estate Quarterly, Real Estate Issues, The Investment Property and Real Estate Capital Markets Reports, Institutional Investor, Builder and Developer, The Real Estate Accounting and Tax Journal, and other industry publications.

Mr. Muldavin has a bachelor's degree in Environmental Studies from UC Berkeley and a Masters in City and Regional Planning from Harvard University. He is also a Counselor of Real Estate (CRE) and a Fellow of the Royal Institute of Chartered Surveyors.

Education


  • University of California, Berkeley, B.A. in Environmental Studies
  • Harvard University, Masters in City and Regional Planning

Professional Affiliations/Recognition 


  • Counselor of Real Estate (CRE)
  • Fellow, Royal Institute of Chartered Surveyors
 
 
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