Randy is a specialist in real estate market analysis and product development with 20 years of experience. He manages Boxwood client engagements involving real estate market research, small-balance commercial lending research, survey research, and new product development and marketing. Prior to forming Boxwood, Randy was senior vice president of the research unit of GMAC Institutional Advisors LLP (now Capmark Financial Services), where he managed the development of new credit risk analytics for the whole loan portfolio of GMAC Commercial Mortgage Corp. and managed a marketing group responsible for third-party analytical tools. Prior to GMAC, for seven years he was senior vice president and head of product development and marketing at Reis, Inc., the commercial real estate market research provider. During his tenure there, Randy directed all sales, marketing, customer service and product development functions and was personally responsible for creating the Reis “SE“ online subscription service including original market research, trend reports and property analytics. Over the years, Randy’s market analyses have been frequently cited in the business press and trades, and he has published articles in trade journals such as Mortgage Banking magazine and The RMA Journal. He currently writes the monthly column, “Inside Small Balance“, for the commercial edition of the Scotsman Guide magazine. Randy is also a regular speaker at industry conferences such as the Mortgage Bankers Association, the Mortgage Brokers Forum on Small-Balance Commercial Lending and other client forums. Randy has a M.B.A. from Fordham University, a Master’s in Regional Planning from the University of Massachusetts (Amherst) and his B.A. from Cornell University.

randy.fuchs@boxwoodmeans.com

Michaell is a Ph.D. and veteran quantitative analyst and researcher with 15+ years of experience. He develops Boxwood's quantitative models, databases and analytical solutions for clients. Michaell also manages client projects involving residential AVM testing. Previously with his consulting firm Michaell Taylor Associates (MTA), he developed three new quantitative hedge funds for UBS Asset Management; also as consultant, he designed, developed and implemented risk-return models applicable to individual mortgage loans and portfolios at GMAC Commercial Mortgage Corp. Other former clients have included a variety of state, national, and international Agencies and Ministries, as well as major firms in the financial, energy, and healthcare-related fields. Prior to MTA, Michaell was a senior economist at Reis, Inc. and built several of the firm’s forecasting models including its monte carlo simulation of asset and portfolio performance. His real estate research has been published in various academic journals and trade publications including Real Estate Finance and The RMA Journal. He has spoken at academic and industry-related conferences, mostly recently the Mortgage Bankers Association and IMN’s High-Net-Worth Real Estate Investing. Michaell is a tenured Associate Professor at Norwegian University of Science and Technology (NTNU-Trondheim). He has taught quantitative methods and statistics at the University of California (San Diego), University of Houston and the London School of Economics, among other institutions. Michaell’s doctorate, in political economy from the University of Houston, included a specialization in quantitative methodologies. He earned his B.A. from Texas A&M University, College Station.

michaell.taylor@boxwoodmeans.com