Bard Consulting


Dean Altshuler, PhD, CFA

Dean Altshuler has been providing real estate consulting services since 1994. Dean joined Bard Consulting in 2006 and he is presently the Head of Quantitative Analysis. 

Prior to becoming a consultant, Dean was the director of real estate research with TCW/Westmark Realty Advisors, then one of the nation’s largest real estate investment managers.  Dean earned his CFA designation in 2000.  He is active in NCREIF, and serves as a frequent presenter at the organization’s Performance Measurement Committee.  Dean has authored numerous peer-reviewed articles in respected journals and has served as a faculty member for both the NCREIF Academy and for an affiliate of the MIT Center for Real Estate.

Dean’s areas of expertise include performance measurement and reporting with a focus on quantitative analysis; particularly with regard to the structuring of carried interest.  Dean frequently serves as the primary drafter of the fee provisions in partnership contracts.  He also creates highly sophisticated, but user-friendly, financial models to assist clients in assessing time- and money-weighted rates of return, conducting performance attribution, and performing investment due diligence analyses. 

Professional Affiliations

  • Member, CFA Institute
  • Member, CFA Society of Los Angeles
  • Member, Performance Measurement Committee and Research Committee of the National Council of Real Estate Investment Fiduciaries (NCREIF)


University of Illinois: Urbana-Champaign, Illinois
Ph.D. in Electrical Engineering, 1978

University of Illinois: Urbana-Champaign, Illinois
Master of Science in Electrical Engineering, 1976

University of Massachusetts: Amherst, Massachusetts
Bachelor of Science in Electrical Engineering, 1974