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Elizabeth M. Beckett, Senior Vice President, has more than eighteen years of real estate consulting experience, including five years of association with the real estate advisory services practices of major national accounting and consulting firms. Ms. Beckett’s areas of expertise include: market feasibility studies and financial analyses of residential, commercial, and industrial real estate; market analysis for special uses: affordable and mixed-income housing; transit-oriented development; local and regional economic development strategies; and fiscal and economic impact analysis. Ms. Beckett has conducted numerous highest-and-best use studies for sites in cities and suburban communities throughout the mid-Atlantic region. She has evaluated the reuse potential of a former industrial site in Sayreville, NJ, a Superfund site in Roebling, NJ and a 34-acre site along Roosevelt Boulevard in the City of Philadelphia. She conducted an analysis of the residential market potential of all neighborhoods in Wilmington, DE, and she has examined the market for several specific redevelopment projects in that city, including a HOPE VI-funded development with mixed income sales and rental housing units. She analyzed the residential market in West Philadelphia for Fannie Mae’s American Communities Fund, and has prepared a strategic plan for revitalization of an area in Philadelphia’s Germantown Neighborhood. In 2006, she completed a major study of the market for several thousand units of privatized military housing at Fort Dix/McGuire AFB in New Jersey on behalf of Goldman Sachs & Co. Ms. Beckett has been active in the Harrisburg, PA market assisting a planning firm in understanding the redevelopment potential of a seven-mile portion of the Route 22 corridor and working with a national apartment developer and manager on asset repositioning. She has also assisted several developers in formulating mixed-use development concepts for submission in response to requests for proposals issued by major landholders. Ms. Beckett has assisted not-for-profit sponsors and for-profit developers of affordable and mixed income housing by preparing market studies to be included in applications for Low-Income Housing Tax Credit, HOPE VI and HUD Section 202/811 financing. Beyond drafting the formal report, Ms. Beckett provides input to help shape development programs and unit designs that will be competitive in the market. Her affordable housing work is concentrated in Pennsylvania, New Jersey and Delaware, and her clients include experienced developers such as The Ingerman Group, Federation Housing and Community Investment Strategies. Ms. Beckett has completed a number of analyses of the market potential of Transit-Oriented Development projects, including uses at all proposed Montgomery County, PA station areas along the proposed Cross-County Metro route, and studies in: Schenectady, New York; Camden, Hudson, Monmouth and Burlington Counties in New Jersey; and the Eastwick neighborhood, the Germantown neighborhood, and the area around Amtrak’s 30h Street Station in Philadelphia. She has prepared portions of an economic revitalization strategy for the Borough of Norristown and the market analysis portions of a redevelopment plan for a large tract in Harrison Township, New Jersey surrounding a PATH transit stop. Ms. Beckett has prepared and reviewed fiscal and economic impact analyses for public and private sector clients. She has used the Rutgers Case Study process for fiscal impact analysis, and she has conducted economic impact analyses using the RIMS and IMPLAN models. She assisted with the economic impact analysis of Philadelphia’s Avenue of the Arts, and she conducted economic impact analyses to measure the effects of two military base realignments in the Philadelphia area. She completed a fiscal impact analyses for a high-rise luxury apartment building, a proposed multi-screen cinema and restaurant complex proposed for development in Philadelphia, an African-American cultural center in Pittsburgh; and large scale mixed-use developments proposed for the areas around two suburban hospitals. Prior to joining RES, Ms. Beckett was part of the Real Estate Advisory Services practices of both Coopers & Lybrand and Laventhol & Horwath. She also served on the professional staff of the New Castle County Executive’s Office where she was responsible for housing and economic development issues and the administration of the County’s first-time homebuyer mortgage bond program. Ms. Beckett is a member of the Philadelphia Chapter of the National Network of Commercial Real Estate Women and a charter member of the National Council of Affordable Housing Market Analysts. She has been a speaker at national conferences of the American Institute of Architects; the American Planning Association; and the National Housing and Rehabilitation Association and served as an instructor for “The Science of Land Use” continuing professional education course offered by the Pennsylvania Bar Institute. She serves as President of the Board of Trustees of the Easttown Library and Information Center. Ms. Beckett received a bachelor’s degree from Haverford College and a master of governmental administration degree from the University of Pennsylvania.
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