Texas Tech Alumnus Known as “The Father of Russian Real Estate” Visits Lubbock

Prior to the breakup of the Soviet Union, private real estate ownership in the USSR did not exist. Today Russia is one of the most active commercial real estate markets in the world, thanks in large part to a Texas Tech graduate who is now known as “the Father of Russian Real Estate.”

DATE: Nov. 29, 2006
CONTACT: Gretchen Pressley, Gretchen.m.pressley@ttu.edu
742-2136

WHO: Gerald Gaige, an alumnus of Texas Tech and the “Father of Russian Real Estate”

WHAT: Media availability

WHEN: Gaige is available for interviews on Friday (Dec. 1). He can be reached at Gerald.gaige@ru.ey.com or at the Hawthorne Suites at (806) 765-8900. Another interview opportunity with Gaige is on Saturday (Dec. 2) at 11 a.m. in the Visitor’s Center at West Hall.

WHY: Prior to the breakup of the Soviet Union, private real estate ownership in the USSR did not exist. Today Russia is one of the most active commercial real estate markets in the world, thanks in large part to a Texas Tech graduate who is now known as “the Father of Russian Real Estate.”

Gerald Gaige is the Ernst & Young international partner leading the Real Estate Advisory Services practice, the Business Valuation group, in Russia and the CIS countries. Beginning in 1994, he directed the largest urban land privatization project in Russia, creating the legal basis and practical mechanism for the development of urban commercial land markets. In addition, he co-authored the text used by the Russian government in establishing the procedures for commercial land privatization in Russia.

Gaige witnessed first-hand the dissolution of the Soviet Union and was prominently interviewed by the Russian media for his analysis of the situation.

His translator and partner, Larissa Afanasyeva, will accompany Gaige from Russia.

CONTACT: Mickey Couch, president of Santa Fe Fidelity Inc., (281) 371-3030 or mcouch@santafefidelity.com.