NYU Schack Institute of Real Estate

17th ANNUAL
REIT Symposium

Doing Deals in Volatile Markets

Presented by the NYU Schack Institute of Real Estate

April 19, 2012
The Pierre Hotel
2 East 61st Street
New York, NY

The REIT Center at the NYU Schack Institute of Real Estate is pleased to announce its 17th annual symposium focusing on issues affecting the REIT industry. The annual REIT symposium provides a unique forum for sophisticated, high-level discussion and has become a must-attend event for hundreds of senior executives in the REIT industry.

Download the Agenda

AGENDA AT A GLANCE

7:30	–	8:00 a.m.	Breakfast and Late Registration
8:15	–	8:20 a.m.	Welcome from Chairman, NYU Schack Advisory Board
8:20	–	8:25 a.m.	Opening Remarks
8:25	–	8:50 a.m.	Keynote Address
8:50	–	9:00 a.m.	Presentation of Visionary Award to Ronald L. Havner, Jr.
9:00	–	10:00 a.m.	The Two-Year Plan
10:00	–	10:20 a.m.	Coffee Break
10:20	–	11:20 a.m.	REITs vs. Private Equity
11:20 a.m.	–	12:20 p.m.	Structuring and Financing Deals
12:30	–	1:50 p.m.	Lunch / Investor Roundtable
1:50	–	2:20 p.m.	A Conversation with William L. Mack
2:20	–	3:20 p.m.	The New Consolidation and Globalization Waves
3:20	–	3:50 p.m.	A Conversation with Samuel Zell

WELCOME FROM CHAIRMAN, NYU SCHACK ADVISORY BOARD

8:15 – 8:20 a.m.

James D. Kuhn,
president,
Newmark Knight Frank

OPENING REMARKS

8:20 – 8:25 a.m.

Adam O. Emmerich,
partner,
Wachtell, Lipton, Rosen & Katz

KEYNOTE ADDRESS

8:25 – 8:50 a.m.

Ronald L. Havner, Jr.,
chairman, president, and chief executive officer,
Public Storage, Inc.

PRESENTATION OF VISIONARY AWARD TO RONALD L. HAVNER, JR.

8:50 – 9:00 a.m.

Rosemary Scanlon,
divisional dean and clinical associate professor,
NYU Schack Institute of Real Estate (Presenter)

THE TWO-YEAR PLAN—Managing Through Volatility and Planning for Growth Opportunities, M&A, and Capital Raising; Balance Sheet Management; Assessing the IPO Market

9:00– 10:00 a.m.

Moderator:
	Guy A. Metcalfe, managing director and global co-head of real estate investment banking, Morgan Stanley

Panelists:
	Debra A. Cafaro, chairman and chief executive officer, Ventas, Inc.	Michael F. Kirby, chairman, Green Street Advisors, Inc.
	Robert S. Taubman, chairman, president, and chief executive officer, The Taubman Company LLC	Donald C. Wood, president and chief executive officer, Federal Realty Investment Trust

COFFEE BREAK

10:00 – 10:20 a.m.

REITS VS. PRIVATE EQUITY—Are REITs Gun Shy? Are They Taking Advantage of Distress Opportunities, Their Superior Access to Capital, and Global Opportunities? Where's the Virtuous Cycle?

10:20 – 11:20 a.m.

Moderator:
	James D. Kuhn, president, Newmark Knight Frank

Panelists:
	Joseph F. Azrack, managing partner—real estate, Apollo Commercial Real Estate Finance, Inc.	Trevor P. Bond, president and chief executive officer, W. P. Carey & Co. LLC
	Terry Considine, chairman and chief executive officer, Apartment Investment and Management Company	Gordon F. DuGan, global head of commercial real estate equity investments, Annaly Capital Management, Inc.
	Matthew J. Lustig, vice chairman of U.S. investment banking—head of real estate, Lazard Real Estate Partners, LLC	Martin E. Stein, Jr., chairman and chief executive officer Regency Centers

STRUCTURING AND FINANCING DEALS—Public-to-Public vs. Private-to-Public; Stock vs. Cash Consideration; Protecting Against Volatility in Deals; Bankruptcy Auctions

11:20 a.m. – 12:20 p.m.

Moderator:
	Jackson Hsieh, global head of real estate group UBS Investment Bank

Panelists:
	Jeffrey H. Fisher, chief executive officer, Chatham Lodging Trust	Edward A. Glickman, president and chief operating officer, Pennsylvania Real Estate Investment Trust
	Jeffrey D. Horowitz, global head, real estate, gaming and lodging, Bank of America Merrill Lynch	Mark S. Ordan, chief executive officer, Sunrise Senior Living, Inc.
	David Stockert, president and chief executive officer, Post Properties, Inc.

LUNCH / INVESTOR ROUNDTABLE

12:30 – 1:50 p.m.

Moderator:
	Barry Vinocur, editor, REIT Wrap

Panelists:
	William A. Ackman, chief executive officer, Pershing Square Capital Management L.P.	Jonathan D. Gray, global head of real estate, Blackstone Real Estate Advisors
	Joseph Harvey, president, Cohen & Steers, Inc.

A CONVERSATION WITH WILLIAM L. MACK, CHAIRMAN AND FOUNDER, AREA PROPERTY PARTNERS

1:50 – 2:20 p.m.

William L. Mack,
chairman and founder,
AREA Property Partners

THE NEW CONSOLIDATION AND GLOBALIZATION WAVES—Revisiting the Bigger Is Better Thesis; Does the World Need More Than 30 Large-Cap REITs? Is Globalization Finally Happening? Who Shall Consolidate and Who Shall Be Consolidated?

2:20 – 3:20 p.m.

Moderator:
	Michael Bilerman, managing director, Citigroup, Inc.

Panelists:
	Martin Cohen, co-chairman and co-chief executive officer, Cohen & Steers, Inc.	Andrew J. Jonas, managing director, The Goldman Sachs Group, Inc.
	Joel S. Marcus, chairman, president and chief executive officer, Alexandria Real Estate Equities, Inc.	Murray J. McCabe, managing director, JPMorgan Securities, LLC
	David J. Neithercut, president and chief executive officer, Equity Residential	Steve B. Tanger, president and chief executive officer, Tanger Factory Outlet Centers, Inc.