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Rosen Consulting Group was founded in 1990 by Dr. Kenneth T. Rosen. Today he and Arthur Margon are the partners and active managers of the firm consisting of 18 research professionals. Educational backgrounds include PhDs, MBAs, and graduate and undergraduate degrees in real estate, planning, finance, public policy, and economics. Professional backgrounds include urban planning, real estate investment management, transactions, valuation, portfolio analysis, strategic planning, investment banking, and university teaching.

Dr. Kenneth T. Rosen

Ken Rosen is Chairman of Rosen Consulting Group and Chairman of Rosen Real Estate Securities, a money management firm which runs a long/short hedge fund focused on public real estate securities. He was formerly Chairman, Founder and Portfolio Manager of Lend Lease Rosen Securities, a $3 billion REIT money management firm. Dr. Rosen is Chairman of the Fisher Center for Real Estate and Urban Economics and Professor Emeritus at the Haas School of Business at the University of California, Berkeley. He was also formerly the special real estate advisor to the Davos World Economic Forum.

In 1976, Dr. Rosen co-founded Regional Data Associates (RDA), a leading real estate forecasting firm. RDA was sold to Chase Manhattan Bank in 1982, and became part of Chase Econometrics. From 1985-1990 he ran Salomon Brothers’ Real Estate Research Department, which was recognized as Wall Street’s leading real estate research group.

Dr. Rosen received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1974 and a B.A. with highest honors from the University of Connecticut in 1970. He was a Professor of Economics at Princeton University from 1975 to 1979. He was a Professor at the University of California, Berkeley from 1979 to 2004. Dr. Rosen is a trustee of the Urban Land Institute and an advisor and member of the board of directors of several real estate companies. He has authored over 100 articles and four books on real estate and real estate finance.


Arthur Margon

Arthur Margon is a Partner at Rosen Consulting Group in charge of the firm’s New York office, having joined the firm in November 1998. He was formerly a Principal at Rosen Real Estate Securities. Mr. Margon has more than two decades of experience in real estate consulting and market analysis, which included developing securitization models, restructuring bank loan portfolios, managing due diligence projects, and serving as an independent fiduciary in a major pension fund reorganization.

Prior to joining the firm, Mr. Margon was Director of the New York University Real Estate Institute, where he directed the real estate Master’s Degree program. As head of his own consulting company in the early 1990s, he advised corporations on location decisions, and individual investors on sales and leasing transactions. In the early 1980s, Mr. Margon was the Research Director and served as Senior Vice President at the Real Estate Board of New York.

Mr. Margon was a tenured faculty member at the City University of New York with a specialty in Urban History and Development. He has a Ph.D. from the University of Chicago, an M.A. from the University of California, Berkeley, and a B.A. from Brooklyn College. He has published numerous articles and reviews over the course of three decades, and is a frequent speaker at industry conferences.


Randall Sakamoto

Randall Sakamoto is Executive Vice President and Director of Research. He joined Rosen Consulting Group in 2006 and is based in Berkeley. Mr. Sakamoto is responsible for the delivery of strategic services to clients, including spearheading consulting engagements. He leads all aspects of the firm’s day-to-day research operations. Mr. Sakamoto has more than 10 years of experience in real estate research, consulting and strategic advisory services. Prior to joining RCG, he was Assistant Director with Cushman & Wakefield and Research Manager at CoStar Group. Mr. Sakamoto received a dual B.A. in Economics and International Relations from Claremont McKenna College.


Andrea Cross

Andrea Cross is a Senior Vice President based in Berkeley who has been with Rosen Consulting Group since 2005. Ms. Cross manages consulting engagements and all aspects of the production of RCG’s quarterly Market Spotlight reports. In addition, she oversees RCG’s team of analysts. Ms. Cross has nine years of experience in governmental affairs, real estate research and market analysis. Prior to joining RCG, Ms. Cross worked in governmental affairs at Pardee Homes in Los Angeles. Ms. Cross graduated cum laude from Duke University with a B.A. in Economics.


Andrea Lepcio

Andrea Lepcio, Principal, joined Rosen Consulting Group in 1997. She is based in New York and is responsible for business development and Eastern region client relations. Ms. Lepcio has 25 years of experience in real estate market analysis, underwriting and consulting. Prior to joining RCG, Ms. Lepcio was Vice President and Head of Market & Investor Research at Chase Manhattan Bank. Before that, she was a founding member of the Real Estate Research group at Salomon Brothers. Ms. Lepcio earned a B.A. from the College of the Atlantic and an M.B.A. from the University of California, Berkeley.