Andrew Warren currently serves as the Director of Real Estate Research for PwC, where he is responsible for monitoring and interpreting changes and conditions in the commercial and residential real estate markets for our clients. Prior to assuming his current role, Andrew served as the Managing Director of Real Estate Research of Principal Global investors. Andrew served Principal in a progressive level of analyst and management positions over his 25 year career, including serving as a voting member of multiple management committees on a number of investment funds. Anita Kramer is Senior Vice President, ULI Center for Capital Markets and Real Estate. In this position she directs and managesEmerging Trends Americas and Emerging Trends Asia Pacific, as well as provide global oversight for all Emerging Trends activities, includingEmerging Trends Europe. In addition, she directs and manages the semi-annual ULI Consensus Forecast,the China City Real Estate Survey/Report and provides support to the ULI/McCoy Symposium on Real Estate Finance. Ms. Kramer joined ULI as the Senior Director of Retail and Mixed-Use Development. She directed research, education and programs in the area of retail and mixed-use development and was responsible for the annual Dollars & Cents of Shopping Centers,and the Retail Development Handbook, Retail Opens Up! The Shape of Today’s Open-Air Retail Centers andResidential Over Retail: How to Make It Work. Ms. Kramer also co-produced ULI’s annual Reinventing Retail conference. Prior to joining ULI, Ms. Kramer was a consultant for 28 years, performing economic and financial analyses for both private and public clients involved in development and land use strategies. She founded Anita Kramer & Associates in 1992, following her position as Vice President of the Natelson Company in Los Angeles. Ms. Kramer holds a Master's in City and Regional Planning from Harvard University where she specialized in Housing and Community Development. She received her B.A. cum laude in Economics and Urban Studies from the University of Rochester. Hugh F. Kelly, PhD, CRE is an economic consultant working in the commercial real estate field since 1978. Formerly the chief economist for Landauer Associates, he is now a Clinical Professor of Real Estate at NYU's Schack Institute of Real Estate and head of his own private consulting practice. Hugh is also the 2014 international Chair of the Counselors of Real Estate organization.