Robert Hess Ph.D. CFA® offers over 40 years’ experience as a research analyst and strategist in real estate investing, regional economic forecasting and economic impact analysis. He retired in March 2010 from Prudential Real Estate Investors (now PGIM Real Estate) as a Principal with more than 16 years providing fund strategy development and review, portfolio attribution analysis, market analysis and market targeting. Subsequently, he held a part time position as research Managing Director with Grosvenor Fund Management US from 2012 to 2015. An active industry participant, he served as Chair of the NCREIF Research Committee from 2007 to 2009 and served on the NCREIF-PREA Reporting Standards Council from 2011 to 2016.
Prior to joining PREI (1993), Dr. Hess was Senior Vice President and Director of Real Estate and Regional Financial Services at the WEFA Group (now IHS Global Insight). His professional experience also includes eight years in the banking industry, as Senior Vice President and Corporate Economist for Great American Bank, a San Diego thrift institution (1986-1990); and as a Vice President in the Residential Mortgage Banking Group at Bank of America in San Francisco (1983-1986). He has also held staff positions at Chase Econometrics Associates (1980-1983) and the State of California (1978-1980).
Dr. Hess received his Ph.D. in Economics from the University of Colorado in 1978. He completed his undergraduate studies in physics at the Colorado School of Mines (1969). He holds an M.S. degree in Aerospace Engineering Sciences from the University of Colorado (1971). He became a Chartered Financial Analyst (CFA) charter holder in November 2000.