NYU Schack Institute of Real Estate

14th ANNUAL
REIT Symposium

BLACK SWANS, BLACK HOLES ...
AND THE LIGHT AT THE END OF THE TUNNEL

Presented by
NYU's Schack Institute of Real Estate

Thursday, April 2, 2009
8 a.m. – 4 p.m.
The Pierre Hotel
2 East 61st Street
New York, NY

The NYU REIT Center is pleased to announce its Fourteenth Annual Symposium focusing on issues affecting the REIT industry. The annual NYU 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

8:00	–	8:30 a.m.	Breakfast and Late Registration
8:30	–	8:40 a.m.	Opening Remarks
8:40	–	9:05 a.m.	Keynote Address
8:40	–	9:10 a.m.	Presentation of Visionary Award
9:10	–	10:00 a.m.	The View from 10,000 Feet—Round IV
10:00	–	10:20 a.m.	Coffee Break
10:20	–	11:20 a.m.	Beyond the Turmoil—Revisiting the Long-Term Direction of REITs
11:20 a.m.	–	12:20 p.m.	Buying Opportunities—When and How?
12:30	–	2:00 p.m.	Lunch / Investor Roundtable
2:00	–	3:00 p.m.	Hindsight’s 20/20—Deconstructing 2007–2008
3:00	–	4:00 p.m.	Strategies for an Illiquid World—Floating through 2009
4:00	–	5:00 p.m.	Where’s the Debt???

OPENING REMARKS

8:30 – 8:40 a.m.

Robin Panovka,
partner,
Wachtell, Lipton, Rosen & Katz

KEYNOTE ADDRESS

8:40 – 9:05 a.m.

Barry S. Sternlicht,
chairman and chief executive officer,
Starwood Capital Group

PRESENTATION OF VISIONARY AWARD

8:40 – 9:10 a.m.

D. Kenneth Patton,
divisional dean, NYU Schack Institute of Real Estate,
Klara and Larry Silverstein Chair of Real Estate,
Clinical Professor of Real Estate

THE VIEW FROM 10,000 FEET—Round IV

9:10 – 10 a.m.

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

Panelists:
	William L. Mack, chairman and founder, AREA Property Partners	Samuel Zell, chairman, Equity Group Investments, LLC
	Steven Roth, chairman and chief executive officer, Vornado Realty Trust

BEYOND THE TURMOIL—Revisiting the Long-Term Direction of REITs

10:20 – 11:20 a.m.

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

Panelists:
	Debra A. Cafaro, chairman, president, and chief executive officer, Ventas, Inc.	David B. Henry, president, vice-chairman, and chief investment officer, Kimco Realty Corporation
	Martin Cohen, co-chairman and co-chief executive officer, Cohen & Steers, Inc.	David J. Neithercut, president and chief executive officer, Equity Residential
	Ronald L. Havner, Jr., president and chief executive officer, Public Storage, Inc.

BUYING OPPORTUNITIES—When and How?

11:20 a.m. – 12:20 p.m.

Moderator:
	Andrew J. Jonas, managing director, Goldman Sachs Group Inc.

Panelists:
	Michael L. Ashner, chairman and chief executive officer, Winthrop Realty Partners	Matthew J. Lustig, managing director, Lazard
	Kenneth F. Bernstein, president and chief executive officer, Acadia Realty Trust	Scott H. Rechler, chairman and chief executive officer, RXR
	Timothy H. Callahan, chief executive officer, Callahan Capital Partners

LUNCH / INVESTOR ROUNDTABLE

12:30 – 2 p.m.

Moderator:
	Barry Vinocur, editor, REIT Wrap

Panelists:
	William A. Ackman, founder and managing member, Pershing Square Capital Management L.P.	Samuel A. Lieber, president and portfolio manager, Alpine Woods Capital Investors, LLC
	Theodore R. Bigman, managing director, Morgan Stanley	Jonathan Litt, managing principal, Land & Buildings Investment Management, LLC
	Joseph Harvey, president, Cohen & Steers, Inc.	John Vojticek, managing director, RREEF Real Estate Securities
	Michael F. Kirby, chairman and director of research, Green Street Advisors

HINDSIGHT’S 20/20—Deconstructing 2007–2008

2 – 3 p.m.

Moderator:
	Michael Bilerman, director and senior analyst—head of REIT team, Citi Investment Research

Panelists:
	Mitchell E. Hersh, president and chief executive officer, Mack-Cali Realty Corporation	Stephen Lebovitz, president, CBL & Associates Properties, Inc.
	Edward A. Glickman, president and chief operating officer, Pennsylvania REIT	Jeffrey Olson, chief executive officer, Equity One, Inc.
	Michael J. Graziano, managing director, Goldman Sachs Group, Inc.

STRATEGIES FOR AN ILLIQUID WORLD—Floating through 2009

3 – 4 p.m.

Moderator:
	Lisa E. Beeson, managing director and head of real estate M&A, Barclays Capital

Panelists:
	Jackson Hsieh, managing director, Global Head of Real Estate Lodging & Leisure, UBS Investment Bank	Martin E. Stein, Jr., chairman and chief executive officer, Regency Centers
	Richard J. Lieb, managing director, Greenhill & Co., LLC	Steven B. Tanger, president and chief executive officer, Tanger Factory Outlet Centers, Inc.
	Lee S. Parks, partner, Fried Frank, Harris, Shriver & Jacobson LLP	W. Edward Walter, president and chief executive officer, Host Hotels & Resorts, Inc.

WHERE’S THE DEBT???

4 – 5 p.m.

Moderator:
	David Shulman, managing member, David Shulman LLC

Panelists:
	Lonny Henry, vice chairman, J.P. Morgan Securities, Inc.	Thierry Perrein, managing director, Wachovia Capital Markets, LLC
	Steven Marks, managing director, Fitch Ratings	James E. Scott, managing director, Bank of America
	Michael Mazzei, managing director and co-head global real estate capital markets, Barclays Capital	David A. Twardock, president, Prudential Mortgage Capital Company