NYU Schack Institute of Real Estate
42nd ANNUAL CONFERENCE ON
Capital Markets in Real Estate
Field of Dreams: A New Age for the Global Real Estate Capital Markets
Presented by
NYU's Schack Institute of Real Estate
Thursday, November 19, 2009
The Waldorf=Astoria Hotel
New York, NY
Peaking earlier this year, the credit crisis and the dislocation of the global capital markets has had a material effect on commercial real estate. Investment sales struggle and the financing markets are battered, only recently showing signs of limited liquidity. However, our industry may finally be at a turning point for investment. Focus is back on the fundamentals.
In these challenging times, listening, learning, and networking are critical to gain insight on the state of the economy, real estate, and capital markets. It is a necessity for practitioners to hear from key industry leaders.
Join the who’s who of real estate at the NYU capital markets event.
AGENDA AT A GLANCE
| 7:30 | – | 8:00 a.m. | Registration and Breakfast | |
| 8:00 | – | 8:15 a.m. | Welcoming Remarks | |
| 8:15 | – | 9:00 a.m. | Keynote Address: Planting Seeds of Opportunities for the New Paradigm | |
| 9:00 | – | 10:00 a.m. | Private Equity—Eye of the Storm or Global Opportunities? | |
| 10:00 | – | 10:50 a.m. | Financing—Liquidity Resurfaces | |
| 10:50 | – | 11:05 a.m. | Refreshment Break | |
| 11:05 | – | 11:55 a.m. | Structured Finance—Revival Through Public / Private Partnerships | |
| 11:55 a.m. | – | 12:45 p.m. | International—Pandemic or Islands of Vitality | |
| 12:45 | – | 1:15 p.m. | Afternoon Address: Landmarks and Landmines on the Road to Recovery | |
| 1:15 | – | 2:05 p.m. | Networking Lunch | |
| 2:05 | – | 3:15 p.m. | New York City: Still the Golden Apple? |
WELCOMING REMARKS
8:00 – 8:15 a.m.
|
James P. Stuckey, |
KEYNOTE ADDRESS:
COMMERCIAL REAL ESTATE IN THE FUTURE
8:15 – 9:00 a.m.
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Samuel Zell, chairman, Equity Group Investments & The Tribune |
PRIVATE EQUITY—EYE OF THE STORM OR GLOBAL OPPORTUNITIES
9:00 – 10:00 a.m.
| Moderator: | |||||
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Richard A. Kessler, chief operating officer, Benenson Capital Partners LLC; adjunct associate professor and advisory board member, NYU Schack Institute of Real Estate |
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| Panelists: | |||||
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Joseph Azrack, managing partner – Real Estate, Apollo Global Management, |
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Avi Banyasz, managing principal, Westbrook Partners |
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Jeffrey A. Barclay, managing director, ING Clarion Partners |
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Paul A. Galiano, senior managing director, Co-head of Acquisitions, Tishman Speyer |
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Mitchell E. Hersh, president and chief executive officer, Mack-Cali Realty Corporation |
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Richard J. Mack, chief executive officer - North America, AREA Property Partner |
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Wendy A. Silverstein, executive vice president -Capital Markets, Vornado Realty Trust |
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K. Jay Weaver, managing principal, Walton Street Capital, LLC |
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FINANCING—LIQUIDITY RESURFACES
10:00 – 10:50 a.m.
| Moderator: | |||||
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Stephen J. Pearlman, |
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| Panelists: | |||||
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Mark Buono, managing director, Goldman, Sachs & Co. |
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David G. Brown, managing director and head of global private markets, TIAA-CREF |
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Michael P. Higgins, managing director and head of U.S. real estate finance, CIBC World Markets |
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David A. Twardock, president, Prudential Mortgage Capital Company |
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Jon Vaccaro, managing director and global head of real estate debt, Deutsche Bank Securities Inc. |
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Mark Wilsmann, managing director—real estate commercial mortgage investments, MetLife, Inc. |
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REFRESHMENT BREAK
10:50 – 11:05 a.m.
STRUCTURED FINANCE—REVIVAL THROUGH PUBLIC / PRIVATE PARTNERSHIPS
11:05 – 11:55 a.m.
| Moderator: | |||||
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Robert S. Blumenthal, |
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| Panelists: | |||||
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Adam J. Brooks, managing director and head of real estate mezzanine investments, Goldman, Sachs & Co. |
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Jonathan Z. Cohen, president, chief executive officer, and director, Resource America, Inc |
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James G. Glasgow, managing director and portfolio manager, Five Mile Capital Partners LLC |
Brian R. Harris, chief executive officer, Ladder Capital Finance LLC |
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Stephen D. Plavin, Chief Operating Officer, Capital Trust, Inc. |
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Daniel Rubock, senior vice president—commercial real estate group, Moody's Investors Service, Inc. |
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Jack Taylor, managing director and head of global high yield debt, Prudential Real Estate Investors |
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Jean-Michel “Mitch” Wasterlain, chief executive officer, ORIX Capital Markets, LLC |
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INTERNATIONAL—PANDEMIC OR ISLANDS OF VITALITY
11:55 a.m. – 12:45 p.m.
| Moderator: | |||||
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Michael Stoler, |
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| Panelists: | |||||
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Roy Bajtel, head of US Representative Office, acquisition and disposition USA and Canada, Union Investment Real Estate AG |
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Paul Brophy, executive vice president, Anglo Irish Bank Corporation PLC |
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Jonathan Dracos, co-head of real estate, Investcorp International, Inc. |
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Wayne Heuff, executive vice-president, Real Estate Investments, Cadim, Caisse de dépôt et placement du Québec |
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| Frank P. Lively, senior vice president, Wafra Investment Advisory Group, Inc. |
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AFTERNOON ADDRESS:
LANDMARKS AND LANDMINES ON THE ROAD TO RECOVERY
12:45 – 1:15 p.m.
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Peter Muoio, Ph.D, |
NETWORKING LUNCH
1:15 – 2:05 p.m.
NEW YORK CITY: STILL THE GOLDEN APPLE?
2:05 PM – 3:15 PM
| Introductions: | |||||
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James P. Stuckey, |
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| Moderator: | |||||
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Robert S. Blumenthal, managing director, Deutsche Bank Securities Inc. adjunct professor and advisory board member, NYU Schack Institute of Real Estate |
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| Panelists: | |||||
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Marc Holliday, chief executive officer, SL Green Realty Corp |
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William L. Mack, chairman and founder, AREA Property Partners |
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Stephen M. Ross, chairman and chief executive officer, Related, LP |
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William C. Rudin, president, Rudin Management |
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Larry A. Silverstein, president and chief executive officer, Silverstein Properties |
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