Herbert Tousley

Adjunct Faculty, Finance

hwtousley1@stthomas.edu

(651) 962-4263

Minneapolis Campus
1000 LaSalle Ave
Terrence Murphy Hall 451F
Minneapolis, MN 55403

M.B.A., , University of St. Thomas
B.S., Business, Colorado State University

See publications in UST Research Online

Herb Tousley is a commercial real estate professional with many years of experience in financial management, bringing a wealth of knowledge and expertise in the operations and financing of investment properties. Tousley has negotiated the purchase of land for new developments as well as the acquisition of existing properties. He has been involved in the investment analysis, financing, acquisition and development of properties with a cost in excess of $1 million through the use of both private and public funding. He has also supervised the asset management of the portfolio of properties after acquisition or development.

Tousley has a strong background working with multi-family, affordable housing, office, mixed use and retail properties. He has been involved with a wide variety of financing options, including Tax Increment Financing, tax credits, housing revenue bonds, HUD financing, FNMA and other conventional financing. He has worked with cities, counties and other government agencies to resolve zoning, density, permitting and financing issues. He has also prepared numerous investment analyses for a wide variety of potential investments. In addition, he has experience with special situations around commercial real estate helping clients solve problems created by the downturn in the market. Services provided included workouts, loan and lease renegotiation, property tax appeals and cost segregation analysis. As a vice president of a mezzanine finance company, Tousley has assisted in the preparation, submission and issuance of a $5 million Regulation D securities offering of subordinated debentures for real estate acquisitions and development. He has also been instrumental in raising capital for subordinated debt and equity for real estate projects from high net worth individuals as well as institutional investors. He is an expert witness for commercial real estate issues.

As a professor, Tousley's general philosophy is to bring as much of the real word into the classroom as possible. He uses his experience to give students a better understanding and knowledge of the skills that they can apply in the real world. He is also an instructor for real estate related software applications, including Argus, Site To Do Business, CoStar, and Excel.

Fall 2014 Courses
Fall 2014 Courses
Crs - Sec Title Days Time Location
J-Term 2015 Courses
J-Term 2015 Courses
Crs - Sec Title Days Time Location
Spring 2015 Courses
Spring 2015 Courses
Crs - Sec Title Days Time Location
REAL 200 - 01 Real Estate Principles - T - R - - - 0955 - 1135 MCH 108
Description of course Real Estate Principles : CRN: 22122
Explores the theories and practices of real estate with emphasis on the "why" and "how" of buying, financing, owning and selling real estate. Real estate brokerage, property management, mortgage finance, appraisal, investment and development are examined within a legal, economic and social context. Open to non-majors.

Schedule Details

Location Time Day(s)
REAL 370 - 01 Real Estate Market Analysis M - W - - - - 1115 - 1255 TMH 442
Description of course Real Estate Market Analysis : CRN: 22123
This course provides students with the skills and knowledge necessary to evaluate the productive attributes of parcels of real estate as they relate to the demand for a particular use and the supply of competitive properties within a specified market. Focus is placed on the role of market analysis in real estate decision making and valuation. Students will learn the process of evaluative property analysis through the study of property productivity; demand for and supply of property; comparative analyses; and forecasting. Topics include the urban growth process; market conditions; market analysis; data collection; financing; governmental and legal considerations; and environmental issues. Prerequisite: REAL 200 and Junior standing

Schedule Details

Location Time Day(s)
Academic and Professional Positions
  • Adjunct Instructor, University of St. Thomas, St. Paul / Mpls (2003 - present)
  • Director of the Master of Science in Real Estate Program and the Shenehon Center for Real Estate, University of St. Thomas, St. Paul / Mpls (2009 - present)
  • Sr. Vice President, Coldwell Banker Commercial Griffin Companies, Minneapolis (2007 - 2009)
  • Vice President, Omni Investment Properties, St. Paul (2002 - 2007)
  • Vice President, Hennessey Financial, St. Paul (2002 - 2003)
  • Sales Manager, Boyer Ford Trucks, Minneapolis (1997 - 2002)
  • Finance Specialist, Boyer Ford Trucks, Minneapolis (1996 - 1997)

Professional Memberships
  • Urban Land Institute
  • Lambda Alpha International

Professional Service
  • BOMA - Building Operations and Management Association,
  • CCIM - Minnesota Chapter of the Commercial Investment Real Estate Institute,
  • CoreNet Minnesota,
  • NAIOP - Commercial Real Estate Development Association,

Publications

Books and Chapters

Research Interests
  • Domestic
  • Real Estate
  • Valuations

Presentations