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Leonard W. Wood Center for Real Estate Studies
UNC Kenan-Flagler Business School
The Kenan Center, CB#3440
360 Kenan Drive, Ste. 401
Chapel Hill, NC 27599-3440 U.S.A.
Phone: 919.962.3106 | Fax: 919.843.9178

The Wood Center is located on the fourth floor of the Kenan Center, which is next door to the McColl Building at UNC Kenan-Flagler Business School.

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Wood Center Leadership

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David Hartzell, PhD

Director, Leonard W. Wood Center for Real Estate Studies
Steven D. Bell and Leonard W. Wood Distinguished Professor in Real Estate

David Hartzell, PhD

David Hartzell examines issues related to the construction of institutional real estate portfolios, publicly traded real estate companies, real estate private equity performance, and real estate finance. He teaches courses in finance and real estate.

He is director of the Leonard W. Wood Center for Real Estate Studies. He also is the faculty advisor and also serves on the board of the UNC Real Estate Investment Fund, the real estate private equity fund that is managed by students in the real estate concentration at UNC Kenan-Flagler. The fund is the only student-managed private equity real estate fund in existence.

Dr. Hartzell and Andrew Baum wrote Global Property Investment: Strategies, Structures, Decisions (Wiley Blackwell, 2012), which is used by both students and practitioners of real estate. The book has been adopted for use at many universities in the United States and the U.K. including the University of Cambridge and Oxford University, where they have teaching appointments.

He brings valuable experience as a former vice president at Salomon Brothers Inc. in New York, where his primary focus was on institutional real estate finance and investments. His group was the first to bring commercial mortgage backed securities (CMBS) to market.

He also worked as a research associate for The Urban Institute and as a financial economist for the U.S. Office of the Comptroller of Currency. He served as president of the leading academic real estate group, The American Real Estate and Urban Economics Association (AREUEA), in 2000.

Dr. Hartzell serves on the board of directors of Highwoods Properties, a publicly traded real estate investment trust (REIT) that focuses its investment and development in the office sector in southeastern markets in the United States. He serves on the investment committee and the audit committee of the board.

He has worked with numerous companies on a consulting basis, notably Heitman Capital Management in Chicago, with whom he has been affiliated since 1994. Additional consulting engagements have included the board of directors of Citigroup, CB Richard Ellis, Weil Gottschall, Cornerstone Research, Henderson Asset Management (U.K.), PRA Securities, Heitman/JMB Advisory Corp., JMB Institutional Realty Corp., Salomon Brothers Inc., Prudential Real Estate Investors, American Council of Life Insurance, Travelers Realty Investment Corporation, GE Capital, Metropolitan Life and ABP (Dutch Public Employees Pension Fund).

Dr. Hartzell served in many administrative roles since joining the faculty. He was the associate dean for MBA Programs, with administrative responsibility for the full-time MBA Program and all Executive MBA Programs from 1994-1998. For most of his years at UNC Kenan-Flagler, he served as director of the Real Estate Program and coordinator of the Real Estate Concentration in MBA Program.

He received his PhD from UNC-Chapel Hill and his MA and BS from the University of Delaware.

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Jim Spaeth

Executive Director, Leonard W. Wood Center for Real Estate Studies

Jim Spaeth

Jim Spaeth serves as Executive Director of the Leonard W. Wood Center for Real Estate Studies at UNC Kenan-Flagler Business School in Chapel Hill, North Carolina. In this capacity, he is responsible for supporting the faculty, academic programs, students and extracurricular activities of UNC Kenan-Flagler’s nationally-recognized real state program. Prior to joining the Wood Center in 2013, Jim spent two years in UNC Kenan-Flagler’s MBA Career Management Center, where he worked with students and employers in the real estate and investment banking industries.

Originally from the Washington DC area, Jim earned undergraduate degrees in Finance and Political Science along with an MBA from the University of Florida. Prior to his arrival at UNC Kenan-Flagler in 2011, Jim held positions in investment banking (Raymond James and CNL) and real estate development (Remora Partners), gaining development expertise in the office, retail, multifamily, hospitality and senior housing sectors.

During his time in Florida, Jim was also involved with the University of Florida’s Center for Real Estate Studies, and has been active in ICSC, NAIOP, and ULI during his real estate career.