The TOD Index
Dr John Renne and Eric Greschner
Chandler House G10, 5.30-6.30pm, Tuesday 22 November
In 2016, Dr. John Renne and Mr. Eric Greschner launched the Renne-Greschner TOD IndexTM which compiles, updates and tracks price changes in transit-oriented development (TOD) locations across the United States. Similar to the popular S&P Corelogic Case-Schiller Home Price IndicesTM, which reports monthly data on tracking changes in residential real estate nationally and for each of 20 metropolitan regions, the TOD Index will allow home buyers, developers, planners and Wall Street investors the ability to better understand how TODs perform as a niche product in the national and regional marketplace.
Both research and theory suggests that rental rates and home values in TOD locations have historically experienced greater capital appreciation during periods of economic growth and less downside during challenging periods of the market cycle. However, homebuyers, real estate investors, developers, planners and economic development professionals have previously experienced difficulty accessing a comprehensive database and a simple and standardized methodology to benchmark month-to-month changes in TOD locations for a number of purposes. The Renne-Greschner TOD Index™ is the first longitudinal solution to these long-standing problems.
Dr. John L. Renne, AICP is a co-founder of The TOD Index, LLC and an Associate Professor in the School of Urban and Regional Planning and Director of the Center for Urban and Environmental Solutions at Florida Atlantic University. He is an Honorary Research Associate at the Transport Studies Unit at Oxford University. Dr. Renne is also the Founder and Managing Director of The TOD Group, which is a real estate development and investment firm that specializes in TOD. Dr. Renne has authored numerous publications on TOD, including Transit Oriented Development: Making It Happen (2009) and Transport Beyond Oil: Policy Choices for a Multimodal Future (2013).
Mr. Eric Greschner, JD is a co-founder of the TOD Index, LLC and a financial advisor. He is the founder, managing partner and is a Registered Investment Advisor and Wealth Manager at Regatta Research & Money Management. Greschner was named by Goldline and listed in Forbes as one of the Top 10 Leading Wealth Managers in United States. He was also listed along with the founder of Vanguard, John Bogle, legendary commodity investor Jimmy Rogers, and the leader in social responsible investing, Amy Domini of the Domini mutual funds as one of the “Wall Street 50” in author Kim Curtin’s book: Transforming Wall Street: A Conscious Path for a New Future