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CURRICULUM VITAE (CV) FOR OLGA KAGANOVA

Profile: Government Asset / Land Management Expert

Name of Firm: The Urban Institute

Name of Staff: Olga Kaganova

Contact Information: okaganova@urban.org; phone 1 202 261 5765

Yeas with Firm/Entity: 18 Nationality: USA, Russia

Membership in Professional Associations, Professional Services, and Honors:

— Royal Institution of Chartered Surveyors, Fellow (FRICS), the U.K., since August 2005;

member of the Board of the Mid Atlantic Chapter 2008 - 2010

— Counselors of Real Estate (CRE), USA, 1994 – present; member of the Invitation Committee,

2004 - 2005

— Lambda Alpha International (Honorary Land Economics Society), (silent member) 1993

— Russian Society of Appraisers (a founding member), 1993-1998

— American Real Estate Society (ARES), 1994 – 2011

— International Journal of Strategic Property Management, Editorial Board

— Canadian National Executive Forum on Public Property, Strategic Advisor

— Adjunct professor in the College of Architecture, Arts, and Humanities at Clemson

University (South Carolina), in the Ph.D. Program in Planning, Design, and the Built

Environment — Recipient of the 2010 / 2011 William S. Ballard Award for the article “Government Property

Assets in the Wake of the Dual Crisis in Public Finance and Real Estate: An Opportunity to

Do Better Going Forward?” published in Real Estate Issues, vol. 35, # 3, 2010/2011. This

award recognizes the author(s) whose work best exemplifies the high standards of content

maintained in Real Estate Issues, the professional journal published by The Counselors of

Real Estate.

— Recipient of the Urban Institute 2011 President's Award for excellence in policy research, for

the above article.

— Recipient of the first prize for the best manuscript in the category “Asset Management,” year

2000, from the American Real Estate Society (jointly with Ritu Nayyar-Stone)

— Recipient of the honorary plaque “Distinguished Lecture Series” from the Institute for Real

Estate Studies, Penn State University, 1996.

Key Qualifications:

Dr. Kaganova, Senior Fellow at the Urban Institute (Washington, D.C.) is an internationally

recognized expert on governmental land and property asset management and a broad range of related

public management and government decentralization issues. She has 30+ years of work experience in

land and property reform, government decentralization, and urban development reform, consulting for

public and private clients in 25 countries, including projects funded by international donors, such as

the World Bank and the US Agency for International Development. Prior to joining UI, Dr. Kaganova

was a founding partner in AUREC, a private real estate consulting company in St. Petersburg, Russia.

Key areas of Dr. Kaganova’s advanced expertise are management of government property assets, and

land policy and land management. Dr. Kaganova has worked intensively with central governments in

several countries (Albania, Chile, Egypt, Ethiopia, Georgia, Kosovo, Kuwait, Kyrgyzstan, Macedonia,

and Serbia) on “road maps” for reforming their asset and land management. She has also assisted

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local governments in many countries on integration of land and property management into local

financial management, service delivery, urban development planning, PPPs, and local economic

development. For example, she has led teams that delivered intensive technical assistance, capacity

building, and training to local governments in Armenia, Bosnia & Herzegovina, Bulgaria, Croatia,

Ethiopia, Georgia, Indonesia, Kosovo, Kyrgyzstan, Macedonia, Moldova, Poland, Saudi Arabia,

Serbia, Tajikistan, and Yemen on modernization of their municipal land, property, and service

enterprise management. Recently, she advised such different entities as the State of California and

cities Cape Town, Mecca, Moscow, and Warsaw on strategic land and asset management as a function

of their governments and on use of advanced instruments of land and asset management (public-

private partnerships and land development corporations).

Dr. Kaganova has noticeable international expertise in public-private partnerships (PPPs): she advised

the City of Mecca, Saudi Arabia on PPPs for city redevelopment and infrastructure delivery and the

City of Warsaw, Poland on some issues of transiting to the new generation of contract-based PPPs;

led the team that prepared and launched two first municipal PPPs in Kyrgyzstan (one of them – a long

term concession for a public park and beach on Isyk-Kul Lake); consulted the City of Rijeka and

Varazdin in Croatia on preparing land re-development PPPs; consulted the Ministry of Tourism and

Environment Protection and regional branch of EBRD in Montenegro on two large-scale coastal

PPPs; advised the government of Kuwait on how to improve PPP approaches and practices; and

advised the Aden Governorate (Yemen) on use of PPPs for managing markets and historic buildings.

In addition, she has developed a number of guidance documents on PPPs, co-authored a book chapter

on the subject, and designed and moderated a seminar in PPPs jointly sponsored by John Hopkins

University and the Royal Institution of Chattered Surveyors.

A very substantial part of Dr. Kaganova’s work has been focused on identification and research of

international good practices in the above areas and their conversion into transferable knowledge. She

has published widely on real estate and asset management issues, including the Guidebook on Capital

Investment Planning for Local Governments (World Bank, 2011), the book Managing Government

Property Assets: International Experiences (UI Press, 2006), which she co-edited and co-authored

and the paper Government Property Assets in the Wake of the Dual Crisis in Public Finance and Real

Estate: An Opportunity to Do Better Going Forward? (2011). Her commentary Asset Management:

An International Perspective was published in The Guardian (2011). She has a Web page Land and

Asset Management Toolkit on the Urban Institute Website:

http://www.urban.org/center/idg/highlights/assetmgmttoolkit.cfm

Dr. Kaganova also has experience in need assessment, surveys, market and feasibility studies,

financial analysis of investment projects, and use of land-based financing instruments for funding

public investment. Her management experience includes project development, solicitation,

implementation, and management.

Her teaching experience includes design, co-design, and delivery of numerous executive training

courses and workshops on public land and asset management, basics of land economics, capital

investment planning, property valuation, and PPPs attended by thousands of participants - from the

staff of the World Bank to governmental officials and real estate professionals in several countries.

Dr. Kaganova has lectured and presented at the John Hopkins University, University of Illinois in

Urbana-Champaign, UCLA, University of Wisconsin-Madison, Penn State University, the

Commonwealth University of Virginia, the Foreign Service Institute of the U.S. Department of State,

and at numerous conferences and seminars sponsored by the US Agency for International

Development, the World Bank, and the Inter-American Development Bank. She also developed and

taught the 1-day course on government asset management at the Policy Lab at the Central European

University (Budapest, 2007, 2008). She has performed as an advisor for two PhD students – one at

Clemson University (South Carolina, the USA), and one at Queensland University of

Technology (Australia).

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Countries of work experience include:

Asia

Eurasia Middle East Africa Americas

Indonesia,

Kyrgyzstan,

Tajikistan

Albania, Armenia, Bosnia &

Herzegovina, Bulgaria, Croatia,

Georgia, Hungary, Kosovo,

Macedonia, Moldova, Montenegro,

Poland, Russia, Serbia, Ukraine

Egypt, Kuwait,

Saudi Arabia,

Yemen

Ethiopia,

South Africa

Canada,

Chile, the

USA

Education and Training:

Harris Trust and Saving Bank, Chicago, IL, Four-week training in real estate, 1992

Advanced Course of Cadastral and Land Information System. Gavle, Sweden, Certificate, 1991

Institute of Physics, Siberian Branch of Academy of Science, Krasnojarsk

Ph.D. Applied Mathematics, 1981

Research Computer Center, Academy of Science, Pushino-on-Oka

Postgraduate School, 1987

Novosybirsk State University, Faculty of Applied Mathematics

Diploma in Applied Mathematics, 1972

Employment Record:

The Urban Institute, Washington, D.C.

Senior Fellow, since December 2010

Senior Research Associate, 2009 – November 2010

Senior Associate, 2002 - 2008

Research Associate, 1994-2001

Illustrative list of projects:

City to City Dialogues Project in Seven Balkans Countries, World Bank Institute, 2012. Within

the project sponsored by the World Bank-Austria Urban Partnership Program, Dr. Kaganova

participates in design, preparation, and delivery of two series of workshops for about 33 cities and

municipalities from Albania, B&H, Croatia, Kosovo, Macedonia, Montenegro, and Serbia. For the

series on Municipal Finance, she leads on a separate workshop on Municipal Asset Management and

also provides expert input for other workshops in the series. For the series on Urban Planning and

Land Management, she participates in agenda development and preparation and delivery of two

workshops. One is on Modernizing Legal and Regulatory Framework for Spatial Planning and Land

Use Control in South-East Europe (SEE). The second is expected to be on Balancing Public and

Private Interests in Spatial Planning and Land Use Control in SEE.

Expert Testimony on Asset Management in the State of California, January 2012. – Little

Hoover Commission (an independent oversight agency of the state government). Dr. Kaganova

provided oral and written testimony for a special investigation of asset management practices in the

state.

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Module on Asset Management for the E-learning Course on Municipal Finance. - World Bank

Institute, 2011 - 2012. Dr. Kaganova is a lead co-author of the module. The product includes multiple

components: module’s outline, narrative, executive summary, exercises, case studies, list of required

reading, bibliography, links to useful resources, quiz, etc.

Kosovo, Democratic Efficient Municipalities Initiative. – USAID, 2010 – current. Dr. Kaganova

is a technical leader of the asset management subcomponent. Her team works with both the central

government and local governments. In particular, she wrote the NATIONAL POLICY PAPER on

Municipal Land and Property, which served as a background for the national round table on the

subject. She works with the Ministry of Local Government and Administration on drafting

amendments to the law on allocation of municipal property and new administrative instructions that

will introduce land auctioning. At the local level, she designed and delivered the training and

workshop Land and Asset Management in Kosovo Municipalities for 18 municipalities. Currently, her

team assists local governments on inventorying their land, improving lease management, and

introducing land auctions.

Macedonia, Development of a Strategy for Management of State Construction Land and Public

Assets in the Municipality of Strumica. – For Agency of Real Estate Cadaster / World Bank,

2011. Dr. Kaganova performed three main tasks. First, she provided the local government of

Strumica with practical advice on how to introduce, to the extent feasible within the existing

regulatory environment, a strategic approach to land and asset management (Strategy). In

particular, she outlined 15 activities that would constitute such Strategy. Second, she

provided training to 13 municipalities on how to introduce such Strategy. Third, she reviewed

the existing land policy and land regulations at the national level, and suggested revisions that

would modernize this framework and make it more inductive for strategic land and asset

management by local governments.

Poland, Municipal Land & Asset Management: Project Conceptualization / World Bank, 2011.

Dr. Kaganova, a lead technical expert on the team, assisted the World Bank and the City of Katowice

and Lodz to conceptualize their cooperation on asset management. Her task was to assess City’s needs

and outline a plan for offering advisory to the City.

Ethiopia Land Administration: Project Conceptualization Mission / World Bank 2011. As a

member of the project conceptualization team, Dr. Kaganova was responsible for urban land

issues. She contributed in the final version of the report Options for Strengthening Land

Administration and the mission Concept Note. She also prepared a short report on the issues of

rural-to-urban conversion and related property rights of farmers on territories subject to

urbanization and drafted Term of References for a number of project preparatory studies. Upon a

request from the Ministry of Urban Development and Construction, she prepared the document

Progressing Land Administration and Land Management in Ethiopia: Notes on the Road

Map. Kingdom of Saudi Arabia: City Institutional Strengthening Program to the City of Mecca

/Government Land Development Corporations / World Bank (2010 - 2011). Dr. Kaganova led the

Urban Institute study of international practices in government land corporations, which included

Singapore, South Korea, Johannesburg, four cases from Canada, and a review of PPP experiences in

Kuwait, and some lessons from Land Development Corporation in Hong Kong and Orestad

Development Corporation on Denmark. Based on the generalization of these case studies and

previous research on the subject, she developed a framework for a detailed conceptual design of a

government land corporation. She led on WB follow-up advisory for the City of Mecca on issues

related to the municipal land development corporation and its role in modernization of city’s real

estate and infrastructure. In particular, she led on development and delivery of the 2-day workshop on

land development PPPs and infrastructure finance (held in Jeddah, March 2011).

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Guidebook on Capital Investment Planning and Financing / World Bank (2010 – 2011). Dr.

Kaganova is the author of the Guidebook. She also led a team of international consultants who

prepared case studies for the guidebook. As a part of this project, she designed and delivered

presentations on asset management as a part of financial management and conducted a clinic for the

WB staff on the use of the guidebook.

Yemen, Port Cities Development Programme: Development of a Viable City Asset Management

Plan and System in Aden / World Bank (2009 – 2010). Dr. Kaganova was a project manager. The

project assisted the Aden Governorate to unlock the untapped potential of government-owned

properties as a resource for attaining several important benefits for both the people and government of

Aden, such as: new opportunities for private sector and non-governmental organizations to participate

in local economic development activities; a more attractive environment for private investment;

increased governmental revenues from property and reduced property-related costs; better quality and

diversity of services provided at government-owned properties; a solid framework and organizational

foundation for better management of governmental property assets in the future; and the preservation

of Aden’s cultural heritage. The project conducted a preliminary assessment of the needs and

opportunities for better asset management and after that includes four primary components: (1)

producing an Asset Management Manual/Guidelines designed for the Aden context and applicable to

other port cities in Yemen; (2) conducting workshops for local government and other stakeholders and

on-the-job trainings for Local Economic Development Department staff on use of the Asset

Management Manual; (3) developing an Aden Asset Management Strategy for improving asset

management practices in Aden in the long-term; and (4) a detailed asset management Plan for five

PCDP-rehabilitated properties.

World Bank, Land Financing for Infrastructure Development in Warsaw (2009 – 2010). Dr.

Kaganova led assessment of how municipal property and land in Warsaw can be mobilized for

funding and developing transportation infrastructure and other capital investment in Warsaw. As a

part of this assignment, she advised on how to reconcile sometimes conflicting views of urban

planners, municipal land managers, and private real estate investors and on how to enhance land

values though more market attuned urban planning / zoning. The report was presented to Warsaw’s

Mayor, Board, and at the workshop with municipal technical experts and private sector participants.

She presented at the conference “Crisis on the Financial Markets and Innovations in the Financing of

the Municipalities.”

South African City Network (Associate at City Alliance) (2009). Dr. Kaganova was a key

presenter at the seminar on municipal asset and land management organized by SA City Network in

Johannesburg. She also presented at a special session for the Property Department of the City of Cape

Town and participated in a brainstorming session on policy issues with the leadership and staff of the

Department and members of the City Council. She also and met with top managers of the Joburg

Property Company, to advise them on various issues of asset management policy and practices.

World Bank, Research Project - Integrating Land Financing into Subnational Fiscal and Debt

Management (2009). Dr. Kaganova co-authored the study that analyzed risks of land asset

management by subnational governments and how these risks can be mitigated by introducing better

frameworks for managing land assets. The study is centered around the innovative idea that local land

assets management has deep similarities with subnational borrowing, and hence development of a

framework for land asset management can be informed by lessons from regulating subnational

borrowing.

USAID, Government Decentralization Projects in Armenia, Bosnia & Herzegovina, Bulgaria,

Croatia, Georgia, Kyrgyzstan, Macedonia, Moldova, Tajikistan, Serbia, and Center for Local

Government Innovations Project in Indonesia (1999 –present). As part of assistance to local

governments in these countries, Dr. Kaganova has been a technical leader of teams consisting of local

and international experts advising on improving municipal land and asset management in pilot

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municipalities, and also on needed changes in the central government regulatory and institutional

frameworks. The work includes cooperation with the national and local governments for improving

policies, the legal and regulatory environment for municipal property land and asset management, in-

depth pilot city programs, training, and local capacity building. At least in the half of these countries,

she dealt with issues of providing private land holders with more secure land rights and improving

urban planning and zoning, in order to make investment more attractive for the private sector.

World Bank, Egypt- Country Financial Accountability Assessment (CFAA) (2007). Dr.

Kaganova led the component of the project related to the management of non-financial assets (i.e.

vacant land and built-up real estate owned by the government agencies and state-owned enterprises).

She assisted the client to conceptualize the task and led the team of three international experts during

in-country assessment and report preparation.

USAID / MCC Indonesia Threshold Country Program Control of Corruption Project / Asset

Management of the Court System (2007-2008). Dr. Kaganova performs as a lead technical expert

of the UI team in charge for the Asset Management component of the project, conducted by UI as a

sub-contractor to Chemonics. Her responsibilities include conceptualization of tasks and approaches,

design of a financial model to forecast asset related costs, and supervision of technical quality.

USAID, Collaborative Development Initiative, 2005 – 2008 (sub to MercyCorps). Dr. Kaganova

performed as a resource expert on issues of deploying municipal property for local economic

development in targeted communities and worked with the project expart and local experts, helping

them to conceptualize specific projects, prepare training materials on asset management, and follow-

up instruments for local governments to monitor implementation. Two focal points were (i) small

projects related to land and irrigation water management and (ii) better management of land in the

Agricultural Land Redistribution Fund (LRF) controlled by rural local governments.

Urban Institute, Book Project “Managing Government Property Assets: International

Experiences” (2003 – 2006). Dr. Kaganova was Project Director and co-editor of the book (jointly

with Professor James McKellar). She also is the author and co-author of six chapters (such as

“Composite Image” of Central Government Asset Management Reforms”, “A Need for Guidance in

Countries with Emerging Markets”, and “Property-Related Public-Private Partnerships”). The book

analyzes conceptual and practical changes in how governments manage their real estate, including

land. The book chapters are written by a team of 15 prominent experts from the U.S., Canada, New

Zealand, Switzerland, France, and Germany. The Urban Institute supported the project from its

endowment and funded its publication by the UI Press.

World Bank, Deepening Decentralization in Amhara and Tigray, Ethiopia; Land Management

Component (2005 – 2006). Dr. Kaganova performed as a Task Leader for the Land Management

component of the project. Her responsibilities included a wide range of activities: (i) analyze policy,

regulatory and institutional arrangements related to land management and real estate markets and the

roles that different levels of government play in land management and recommend improvements, (ii)

suggest how to improve land management strategy and practice at the city level; and (iii) deliver

guidance documents on such topics as improving urban planning, including industrial zones; land

banking; land release for residential, industrial, and commercial development; involuntary

resettlement; land valuation for compensation for land expropriation; land pricing; management of

land leases, and other.

World Bank, Monitoring and Evaluation Project for the Cadastre Agency, Bulgaria (2005). Dr.

Kaganova was a member of a team that designed M&E indicators for the Cadastre Agency and its

regional branches in Bulgaria, and then helped the Agency to collect data and analyze the indicators.

World Bank, Land and Real Estate in Kuwait: Market Analysis and Policy Implications (2002 –

2003). Dr. Kaganova led an international team of experts called in to analyze the situation with land

availability for private sector activities in Kuwait. The study and potential adjustment of land policy

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are elements of bigger efforts to energize the private sector and its role in the economy. The study

identifies and documents roles that the private and public sectors play in supplying land and final-use

real estate for various economic activities, including industrial zones, production and services, and

especially BOT (build/operate/transfer) public-private arrangements popular in Kuwait, and also land-

associated obstacles for the private sector actors. Suggestions on land policy reform, including land

use planning modernization, are one of outcomes of the study. She also participated in the study of the

State housing benefits program where she performed as a leading analyst / policy advisor on land-

related issues.

Inter-American Bank, Chile: Best Practices in Asset Management (2003). Dr. Kaganova has

performed as a Technical Director of the project. The project consists of three parts: (1) an assessment

of national government property assets management in Chile, (2) a study of property asset

management reforms in Canada, Australia, New Zealand, and France, and (3) transformation of these

reforms’ experiences into a road map for reform in Chile. For this project, Dr. Kaganova assembled a

unique technical team, which included experts from five countries, with governmental officials from

Canada and New Zealand among them. She led the conceptualization of the project’s approaches and

findings, especially regarding the international experience and its implications for Chile.

World Bank, Kyrgyzstan: Development of Performance Improvement Action Plans for

Municipal Service Delivery (2006). Dr. Kaganova was a project team member and key contributor

on the issues related to improving the governance of service providers.

World Bank, Tajikistan: Evaluation of Institutional Performance of Infrastructure Services in

Nine Cities (2005). Dr. Kaganova was a member of the UI evaluation team and she led the evaluation

of the governance system.

USAID, Kharkiv Initiative Economic Strategic Planning Project, Kharkiv, Ukraine (1999 –

2001). Under the Kharkiv Initiative, a partnership between the U.S. Government and the Government

of Ukraine, this project encouraged policy changes at the local and regional level aimed at promoting

economic growth, developing small and medium enterprises (SMEs), and attracting domestic and

international investment. Dr. Kaganova led the special component of Phase 1 aimed on assessing

cross-industry conditions for SME operations and developed a set of recommendations for improving

the business climate for SME in Kharkiv region. The special report on SME resulted from this work

was spotlighted in the USAID DEC Express.

USAID, Government Decentralization in Albania (1999 – 2001). As a part of assistance to the

Albanian Government Task Force responsible for government decentralization, Dr. Kaganova

developed guidelines on local public property and property devolution.

World Bank, Municipal Asset Management: Review of World Experience and Issues (1999). Dr.

Kaganova managed the project for the Urban Institute. She developed an overall study design and

conducted a review of municipal real property asset management worldwide. She presented the results

at a one-day seminar at the World Bank.

World Bank, Monitoring Indicators of Urban Land and Real Estate Reform in Russia (1997-

1999). Dr. Kaganova was the co-director of this project for the Urban Institute. Her responsibilities

included developing indicators, obtaining support from the government of Russia, obtaining financing

from the World Bank, co-directing work during the first year in seven Russian cities, and analyzing

results. In 1996, she directed the pilot testing of the indicators in two Russian cities sponsored by

USAID.

USAID, Analysis of the Private Rental Residential Market in Budapest, Hungary (1997). Dr.

Kaganova was an analyst for this market study, which included two major issues: evaluation of the

volume of the private rental market and the analysis of the profitability of investing in rental property.

Due to an absence of sufficient statistics, an embryonic stage of this sub-sector of the real estate

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market, the highly inflated economy, and the questionable applicability of analytical tools used in

developed markets, this study required some creativity and development of new approaches.

World Bank, USAID, Improving the Investment Climate in St. Petersburg (1997). For the City

Government of St. Petersburg and under the sponsorship of the World Bank/USAID, Dr. Kaganova

provided advice on improving the investment climate for private investment in real estate

development. The report identified and analyzed the problems of private investors and offered some

solutions. It also discussed approaches to increasing the City s income from the non-residential stock

and reviewed the issues surrounding the appraisal of municipal commercial properties.

Agency for Urban Research and Consulting (AUREC)

Founding Partner and Strategy Director, 1992 – 1994.

Initiated establishment of one of the first specialized real estate consulting companies in St.

Petersburg, Russia. Dr. Kaganova was responsible for developing the company’s strategy, finding

clients, and quality control. She led or supervised consulting and appraisal assignments during her

work at AUREC.

State Institute of Architectural and Urbanistic Theory, St. Petersburg

Project Director, 1988-1992

Housing and Urban Planning Institute, Leningrad

Senior Researcher, 1981-1988

Institute of Soil Science and Agro-chemistry, Siberian Branch of Academy of Science,

Novosybirsk

Researcher, 1976-1981

Biological Institute, Siberian Branch of Academy of Science, Novosibirsk

Research Assistant, 1972-1976

Languages:

Speaking Reading Writing

English: Excellent Excellent Excellent

Russian: Excellent Excellent Excellent

Selected Publications:

Books and Book Chapters

Guidebook on Capital Investing Planning for Local Governments. – World Bank, 2011, www.worldbank.org/urban/cipguidebook

Integrating Public Property in the Realm of Fiscal Transparency and Anti-Corruption Efforts. In:

Gábor Péteri (ed.) Finding the Money: Public Accountability and Service Efficiency through

Fiscal Transparency. Budapest: Local Government and Public Service Reform Initiative/Open

Society Institute, 2008. pp. 209-222.

Olga Kaganova and James McKellar (Editors). Managing Government Property Assets: International

Experiences. - The UI Press, Washington DC, 2006.

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“Real Estate Markets” (with Dwight Jaffee). In Lawrence R. Klein and Marshall Pomer (Edit.) The New

Russia: Transition Gone Awry. – Stanford University Press, Stanford, California, 2001

“Russia” (with Ellen Avrutis). In H.Gelbtuch, D.Mackmin (Edit.) Real Estate Valuation in Global

Markets. - The Appraisal Institute, Chicago, 1997.

“The Russian Federation” (with Micheal Berezin et all). David Clapham et all (Edit.) In Housing

Privatization in Eastern Europe - Greenwood Press, Westport, Connecticut- London, 1996.

“Market-Oriented Developers in St. Petersburg: Activities and Problems.” In: L.Limonov, V.Renard

(Edit.) Russia: Urban Development and Emerging Property Markets. adef, Paris, 1995, pp. 147-160.

Papers in Refereed Journals

Valuation and Pricing of Government Land and Property: A Tip of a Growing Iceberg. - Real

Estate Issues, Summer 2012, forthcoming.

Government Property Assets in the Wake of the Dual Crisis in Public Finance and Real Estate:

An Opportunity to Do Better Going Forward? – Real Estate Issues, 2010/2011, vol. 35, #3. http://www.cre.org/memberdata/pdfs/Government_Property_Assets.pdf

Introducing More Transparent and Efficient Land Management in Post-Socialist Cities: Lessons

from Kyrgyzstan (with A. Akhmatov and C. Undeland) – International Journal on Strategic

Property Management, 2008, 12, # 3, 161 – 181.

Asset Management (with James McKellar) – Corporate Governance, 2006, # 3 (In Russian).

Overview of Real Estate Markets in Kuwait (with Fawzi Al-Sultan and John Speakman) – The

Journal of Real Estate Literature, 2005, vol. 13, # 3, 289-302.

Learning How to Be Efficient Property Owners and Accountable Governments: The Case of

Kyrgyzstan’s Cities (with Valeri Tian and Charlie Underland), - Public Administration and

Development, 2001, 21, 1-9.

Municipal Real Property Asset Management: A Overview Of World Experience, Trends And Financial

Implications (with Ritu Nayyar-Stone)- Journal of Real Estate Portfolio Management, 2000, Volume 6,

# 4, 307- 326.

“Russian Home-Building in Transition” - The Journal of Real Estate Literature, 1999, # 7, 65-76.

“Urban Real Estate Markets in Russia: The Current Stage” - Real Estate Issues, 1998, v. 23, # 2.

“Real Property and Land Legislation in the Russian Federation” (with Sheila O’Leary) - Real Estate

Issues, 1997, v.22, #2.

“Methodological problems of Appraisal of Undeveloped Lands in Russian Cities” - The Appraisal

Journal, July, 1997. The Russian translation of the article is reprinted in Appraisal Issues, 1997, #2 (the

journal of the Russian Society of Appraisers).

“Real Estate Markets in Urban Russia” (with Dwight Jaffee). - Emergo, a Journal of Transforming

Economies and Societies (Sweden), 1996, vol. 3, # 3.

Other Selected Publications

Central and Local Governments as Land Regulators, Owners and Managers: Who Is Doing

What?- Paper for the Annual World Bank Conference on Land and Poverty, 2012.

http://www.landandpoverty.com/agenda/pdfs/paper/kaganova_full_paper.pdf

Land and Asset Management Toolkit. – A set of materials at the Urban Institute site, 2012:

http://www.urban.org/center/idg/highlights/assetmgmttoolkit.cfm

Managing Government Capital Assets in the State of California: What Can Be Learned from

Other Governments? – Written testimony for the Little Hoover Commission, January 2012.

http://www.lhc.ca.gov/studies/activestudies/propertymanagement/KaganovaJan12.pdf

Asset Management: An International Perspective. – The Guardian – online, 23/11/2011,

http://www.guardian.co.uk/public-leaders-network/2011/nov/23/asset-management-international

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International Experiences on Government Land Development Companies: What Can Be

Learned?- IDG Working Paper No. 2011-1, February 2011. http://www.urban.org/UploadedPDF/412299-Government-Land-Development-Companies.pdf

Government Management of Land and Property Assets: Justification for Engagement by the

Global Development Community. – Technical Brief, November 2010.

http://www.urban.org/UploadedPDF/412286-Govt-Management-of-Land.pdf

Integrating Land Financing in Subnational Fiscal Management (with George Peterson). – World

Bank, Policy Research Working Paper # 5409. 2010

http://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSiteP

K=469372&menuPK=64166093&entityID=000158349_20100831151725

Also reprinted in Chinese, in the book “Subnational Debt Finance and Risk Management:

International Experiences” (World Bank, 2011) and translated in Bahasa Indonesia, for internal

staff training at the Ministry of Finance, Indonesia (2011).

“Real Estate 101 for Government” (with John Hentschel) – op-ed in The Baltimore

Examiner, March 12, 2007.

“Government Property Resources: A Case of Asset Management” (with John Hentschel). –Public

Management Magazine, ICMA,2007, Vol. 89, # 2, p. 24-26.

The Right Way to Sell Off Public Assets. Olga Kaganova and Marilee A. Utter

op-ed, washingtonpost.com (ThinkTankTown section), Monday, August 7, 2006.

Small Businesses Face Large Obstacles – Transition Newsletters, 2002, World Bank, vol. 13, #1.

Municipal Real Property Asset Management: An Application of Private Sector Practices (with Ritu

Nayyar-Stone and George Peterson) – World Bank, Land and Real Estate Initiative, Background Series,

# 12, June 2000.

“Monitoring Indicators of Land and Real Estate Reform in Russian Cities” (Editor). – The Urban

Institute, Washington, D.C., 1999.

“What Cities Will Win the Competition for Investors?” – in Municipal Management, 1998, # 9 (in

Russian).

“Western Methods of Appraisal on the Russian Scene: Games We Play” - Russian Appraiser, 1997, # 6

(In Russian).

Selected Project Reports and Materials

National Policy Paper on Municipal Land and Property in Kosovo (with Arjan Shabani, Selvete

Dibrani, Nderim Kamberi and Hebib Alili). – Unpublished USAID/DEMI/UI paper, January

2012.

City of Katowice, Poland: Municipal Land and Property Asset Management. Preliminary Project

Identification. June 2011 – For the World Bank/Poland.

Development of a Strategy for Management of State Construction Land and Public Assets in the

Municipality of Strumica, Macedonia. – For Agency of Real Estate Cadaster / World Bank,

November 2011.

International Experiences on Governmental Land Development Companies: Possible

Implications for the Holy City of Makkah. – Final Report for the World Bank, November 2010.

Public Land and Property Asset Management in Warsaw: Strategic Opportunities. (With

Grzegorz Buczek.) – Report for the World Bank, January 2010.

Guidance on Packaging and Marketing Municipal Land in Serbia’s Municipalities. (With Sanja

Govorusic and Dragana Markovic). October 2010 – For USAID / MEGA.

For the City of Aden / Port City Development Project / WB, December 2009 – January 2010

(with Andrew Pentland and Hazem Kamal Abdelfattah):

o Asset Management Manual

o Aden Asset Management Strategy and Plan

o Historic Properties, Beaches, and Markets: Strategic Considerations

Moscow Small Ring Railway (SRR) Feasibility Study: Preliminary Review of Land

Development Aspects of the Study. March 2010. – For World Bank.

11

Modernization of Property Asset Management by Municipalities in Bosnia and Herzegovina.

Policy and Practices: Assessment and Recommendations. September 2009 (with Sejla

Mujanovic). – GAP.

Managing Government Property Assets: International Experiences. Developments since

Publishing the Book (May 2006 – May 2008).

Egypt- Country Financial Accountability Assessment (CFAA) - Management of Non-

Financial Asset (with John Hentschel and Greg Zala). - Discussion Draft, World Bank,

2007.

Strategic Land Management Plans in Kyrgyzstan’s Cities: Significance and Factors of

Success (with Abdirasul Akmatov and Charles Undeland). – paper for the 4th

Urban

Research Symposium, World Bank, 2007.

Strategic Management of Municipal Land: What and How. – A presentation at the training workshop

for members of City Council of Bishkek (Capital of Kyrgyzstan). September 2006.

Report Establishing More Efficient and Effective Land Management in the Amhara and Tigray

Regions, Ethiopia. Report for the Ministry of Federal Affairs / World Bank. November 2005.

Report Land Delivery Mechanisms, Resettlement Issues, and Property Valuation:

International Experiences and Implications for Ethiopia (with Sonia Ignatova and Vera

Kehayova). Discussion Draft, for the Ministry of Federal Affairs /World Bank. August

2005.

Guidelines for Introducing Land Leasing in a City (Ethiopia). For the Ministry of Federal

Affairs / World Bank. December 2005.

Land Banking. Guidance Materials. For the Ministry of Federal Affairs, Ethiopia / World

Bank. December 2005.

Report “Land And Real Estate In Kuwait: Market Analysis And Policy Implications” (with Bijan

Azad and Mithqal Sartawi), September 2002

Report “Property of the City of Varazdin - Analysis and Recommendations” (with Hrvoje

Bertovic, Branka Kajdi, and Marina Kristek), May 2001.

Small and medium Enterprise in Kharkiv Oblast: Assessment and Recommendations (with Brien

Decilets), May 2001.

“Urban Land and Real Estate Reform in Russia: Why, What, and How” (with Robert Buckley and Ellen

Hamilton”) – for the World Bank, February, 2000.

“Local Government Property. Guidance Materials” – for USAID and the Local Government Reform

Task Force (Albania), August, 1999.

“Real Estate Reform Agenda in Urban Russia” (with Ellen Hamilton) – for the World Bank, August

1999.

“Municipal Real Property Asset Management: An Overview of World Experience, Issues, Financial

Implications, and Housing” (with Ritu Nayyar-Stone, Sally Merrill, and George Peterson) – for the

World Bank, August 1999.

“Land and Real Property Valuation: A Training Course for World Bank Staff” (with Noelle Brisson) –

for the World Bank, January 1999;

“Property Valuation for Taxation Purposes in Moldova: Discussion Notes” – for the World Bank,

January 1999.

“Comments on Draft Laws on Real Property Taxation in Poland” - for the World Bank, October 1998.

“Improving the Municipal Asset Management System in Dobrich” - for the USAID project in Bulgaria,

May - June, 1998.

“Basics of Land Economics – A Training Course for Russian Municipal Officials” - for the USAID

project in Russia, October, 1997.

“The Investment Climate for Real Estate and Construction in St. Petersburg and the City’s Income from

Non-Residential Real Estate” - for the World Bank, June 1997.

12

Selected presentations

Land-Based Financing by Local Governments and Its Links to Asset Management and Land

Administration. – Presentation at the South Asia Decentralization Series, World Bank, July 12,

2012, Washington DC.

Central and Local Governments as Land Regulators, Owners and Managers: Who Is Doing

What? – Paper presentation at the Annual World Bank Conference on Land and Poverty, 2012.

Washington, DC, April 26, 2012.

Land Valuation and Taxation: Conceptual Issues and Implementation Challenges. – Session

Chair, the Annual World Bank Conference on Land and Poverty, 2012. Washington, DC, April

26, 2012.

Managing Government-owned Land in Former Centrally-planned Economies: Who is Doing

What? - Presentation at the World Bank ECA Land E-Learning Session: Public Land

Management, March 27, 2012.

Managing Government Capital Assets in the State of California: What Can Be Learned from

Other Governments? – Oral testimony for the Little Hoover Commission, January 24, 2012.

Land Financing as a Tool for Infrastructure Development. – Panel presentation at the USAID

Infrastructure Workshop: Infrastructure for Sustainable Economic Growth, Washington, DC,

December 15, 2011.

Managing Government Property Assets: Lessons in the Wake of Fiscal and Real

Estate Crises and Some Hot Topics. – Featured presentation at the CIPFA Annual Conference

“Public Assets under the Spotlight,” London, November 24, 2011.

Land Administration in Ethiopia: Lessons, Paradoxes, and Challenges Ahead. – Comments at the

session “Towards an integrated land administration system in Ethiopia” - ANNUAL WORLD

BANK CONFERENCE ON LAND AND POVERTY, APRIL 18 - 20, 2011, WASHINGTON,

DC.

Use of Public-Private Partnerships (PPPs) for Land Development. – Presentation to the Mayor

and leadership of the City of Mecca and ABAM Corporation; Jeddah, March 16, 2011.

Government Property Assets: Risks and Opportunities in the Wake of the Dual Crisis in Public

Finance & Real Estate – Presentation at Federal Realty Symposium, Washington, DC, March 4,

2011.

The Role of Local Governments in KSA in Land Development and Infrastructure Provision:

Opportunities Based on International Experiences – Round table session with the delegation of

seven municipal officials from Saudi Arabia, UI, January 26, 2011.

Asset Management. – Session delivered as a part of the Core Course on Municipal Finance for

World Bank staff, Washington, DC, November 16, 2010.

Managing Urban Governmental Land: Progress & Issues, from Warsaw to Cape Town. –

Presentation at the BBL, World Bank, June 24, 2010

How to Make Auctions of Public Land Successful? – Presentation at Annual World Bank

Conference on Land Policy and Administration, April 28, 2010, Washington, DC

Public Land and Property Asset Management in Warsaw: Strategic Opportunities. (With

Grzegorz Buczek.) – Presentation of the report to the City of Warsaw Board (Mayor and Vice

Mayors), June 8, and to a broader audience at the WB office in Warsaw, June 9th.

Mobilizing Municipal Land and Property in Urban Poland. - Presentation prepared for the

National Conference on Municipal Finance. June, 2010.

Land Financing as a Potential Instrument for Infrastructure Development. – Presentation at the

conference “Crisis on the Financial Markets and Innovations in the Financing of the

Municipalities,” Warsaw, November 6, 2009.

13

What is Real Property Asset Management? Conceptual Background and History and

International Approaches to Public Real Property Asset Management. – Presentations at the

WELL-GOVERNED CITIES SEMINAR ON PROPERTY ASSET MANAGEMENT.

Johannesburg, September 17, 2009.

Integrating Land Financing into Subnational Fiscal and Debt Management. With George

Peterson. – Presentation at the World Bank, September 10, 2009, Washington, DC.

The infrastructure gap – shifting the paradigm - Panelist at the Canadian National Executive

Forum on Public Property, 11th Annual Conference, Winnipeg, May 30, 2008.

Interviewed for and cited in the paper Options to sell, revamp county site weighed at Herald

News, February 2008:

http://www.myheraldnews.com/view.html?type=stories&action=detail&sub_id=27487

Real Estate Economics and Historic Rehabilitation in Post-Socialist Cities in Eurasia: The

Message for Havana. – Presentation at the Forum on “Havana and its Landscapes: A Vision for

Future Reconstruction in Cuba”, May 2, 2008, held by the Comparative Urban Studies Project of

the Woodrow Wilson International Center for Scholars.

Creating Value – How Public Real Estate Can Contribute to Increase Canada’s Competitiveness:

Setting the Competitive Agenda – Panelist at the Canadian National Executive Forum on Public

Property, 10th Annual Conference, St. John’s, May 24, 2006.

Strategic Land Management Plans in Kyrgyzstan’s Cities: Significance and Factors of

Success – presentation at the 4th

Urban Research Symposium, World Bank, May 15,

2007.

Challenges and Benefits of Implementing Public-Private Partnerships: An International

Perspectives – Moderator of the seminar held jointly by the Royal Institution of Chartered

Surveyors and John Hopkins University, Washington, DC, May 10, 2007.

Changing Needs and Changing Directions – panelist at the Canadian National Executive Forum

on Public Property, Annual Sponsor’s Retreat, Victoria, May 11, 2006.

Evolving Approaches to Managing Governmental Real Property Assets – presentation at ARES

20th Annual Meeting, Captiva Asland, Florida, April 20-24, 2004.

Keynote speaker (Evolving Approaches to Managing Real Property Assets) at the Canadian

National Executive Forum on Public Property, Annual Sponsor’s Retreat, Montreal, November

2003.