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ULI SPRING MEETING ULI SPRING MEETING
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Colorado Convention Center, Denver, CO, United States May 12-14, 2025

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General Session: Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’25, ’26, and ’27

Tue May 13 1:00 PM — 2:00 PM (GMT-07:00) Mountain Time Colorado Convention Center - Lower Level, Four Seasons Ballroom
Category Capital Markets
Type AIA LU AICP CM General Session Open to All Attendees
The ULI Real Estate Economic Forecast is a semiannual survey of leading industry experts. The latest edition will have been completed just before the Spring Meeting. How do the experts see 27 key economic and real estate indicators moving by the end of 2025, 2026, and 2027? How have forecasts changed from six months earlier? And why? How are tariff realities and uncertainties expected to impact CRE? What signals are the experts watching for in real estate as they look ahead? Where do the experts agree and disagree? Hear a lively debate among leading economists and analysts who participated in the Real Estate Economic Forecast survey as they explain or defend their opinions. Ask questions or challenge their views about what's ahead for the real estate industry through the end of 2025 and all the way through 2027

Speakers

Moderator
Mr. Ron Insana

Mr. Ron Insana

Contributor and Senior Analyst CNBC

Panelist
Ms. Emi Adachi

Ms. Emi Adachi

Managing Director and Co-Head of Global Research Heitman

Emi Adachi is a Managing Director and Co-Head of Global Research at Heitman. She is an equity owner of the firm. Emi leads the North American and Asia Pacific research teams, overseeing strategy development and underwriting for all private equity and debt investments. She sits on the firm’s North American Private Equity Investment Committee and Valuation Committee. Additionally, Emi analyzes demographic and technological trends…

Panelist
Indy Karlekar

Indy Karlekar

Managing Director, Global Head of Research and Strategy Clarion Partners LLC

Indraneel "Indy" Karlekar, equity owner and Managing Director, is the Global Head of Research and Strategy at Clarion Partners. He is a member of Clarion’s Executive Board and Investment Committee. Indraneel leads the research group in supporting the development of Firm-wide and business unit-specific investment strategy and advising on portfolio strategy through proprietary analytics, data science and econometric forecasting. Additionally, he is responsible for…

Panelist
Ms. Suzanne Mulvee

Ms. Suzanne Mulvee

Chief Strategy Officer GID

Suzanne Mulvee serves as Senior Vice President of Research and Strategy at GID and is responsible for creating actionable insights into economic drivers, capital market trends, and real estate fundamentals to maximize risk-adjusted returns across real estate cycles. Prior to joining GID, Mulvee was a Director and Real Estate Strategist at CoStar Portfolio Strategy and PPR. There, she was a consultant to some of…