24TH ANNUAL REIT SYMPOSIUMCONSOLIDATION & GROWTH IN TURBULENT TIMESWEDNESDAY, APRIL 3, 2019 • 7:30 AM TO 5:00 PM THE PIERRE • NEW YORK CITY

KEYNOTE SPEAKERJAMES TAICLETChairman, President and Chief Executive Officer, American Tower Corporation

ONE-ON-ONES WITHDEBRA A. CAFAROChairman and Chief Executive Officer, Ventas

KENNETH CAPLANGlobal Co-Head of Real Estate Blackstone

BARRY S. STERNLICHTChairman of Starwood Capital Group

LUNCH WITH SAM ZELLSAM ZELLChairman, Equity Group Investments

CONFERENCE CHAIRSADAM O. EMMERICHPartner, Wachtell, Lipton, Rosen & Katz

ROBIN PANOVKAPartner, Wachtell, Lipton, Rosen & Katz

CONFERENCE HOSTSSAM CHANDAN, PhD, FRICSLarry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYUSPS Schack Institute of Real Estate

SCOTT L. ROBINSON ’98Clinical Assistant Professor of Real Estate & Director, REIT Center Schack Institute of Real Estate

CONFIRMED SPEAKERSADDITIONAL SPEAKERS TO BE ANNOUNCED

JANA COHEN BARBE, Partner, Dentons

STUART BARR, Fried, Frank, Harris, Shriver & Jacobson LLP

Z. JAMIE BEHAR, Director, Shurgard Self Storage SA

MICHAEL J. BILERMAN, Citi

JON E. BORTZ, Pebblebrook Hotel Trust

GEMMA BURGESS, President US Search Ferguson Partners Ltd.

BILLY BUTCHER, KKR Real Estate Group

JAMES B. CONNOR, Duke Realty Corporation

GORDON F. DUGAN, Former CEO, Gramercy Property Trust

CONOR C. FLYNN, Kimco Realty Corporation

BONNIE S. GOTTLIEB, Nareit

THOMAS A. GRIER, J.P. Morgan Securities

GRETA GUGGENHEIM, Chief Executive Officer President and Partner, TPG Real Estate Finance Trust

LESLIE D. HALE, RLJ Lodging Trust

DANA HAMILTON, Senior Managing Director and Head of Real Estate, Pretium

RONALD L. HAVNER, Jr., Public Storage, PS Business Parks, Shurgard Europe

ELIZABETH I. HOLLAND, Chief Executive Officer and General Counsel, Abbell Associates, LLC

JEFFREY D. HOROWITZ, Bank of America Merrill Lynch

ANDY JONAS, Goldman Sachs & Co. LLC

JOHN KILROY, Kilroy Realty Corporation

MATTHEW J. LUSTIG, Lazard

JOEL S. MARCUS, Alexandria Real Estate Equities, Inc.

GUY A. METCALFE, Morgan Stanley

E. NELSON MILLS, Columbia Property Trust

MARGUERITE NADER, Equity LifeStyle Properties, Inc.

TIMOTHY J. NAUGHTON, AvalonBay Communities, Inc.

JEFFREY S. OLSON, Urban Edge Properties

MARK ORDAN, Quality Care Properties

MARK J. PARRELL, Equity Residential

SCOTT H. RECHLER ’90, RXR Realty

SHERRY L. REXROAD, BlackRock

GLENN RUFRANO, VEREIT

MARTIN E. “HAP” STEIN, Jr., Regency Centers

A. WILLIAM STEIN, Digital Realty

SUSAN SWANEZY, Partner, Hodes Weill & Associates

STEVEN B. TANGER, Tanger Factory Outlet Centers, Inc.

OWEN D. THOMAS, Boston Properties

DON WOOD, Federal Realty Investment Trust

SCHACK INSTITUTE OF REAL ESTATE

NYU SCHOOL OF PROFESSIONAL STUDIES SCHACK INSTITUTE OF REAL ESTATE

SPONSORSHIP OPPORTUNITIESThrough signage, acknowledgements in marketing materials, and exclusive invitations to special conference events, sponsorship of the 24th Annual REIT Symposium offers a high level of visibility with an audience of more than 500 REIT executives, bankers, attorneys, analysts, investors, and members of the academic community. The funds raised through sponsorships support critically important scholarship and academic programs for graduate and undergraduate students at the Schack Institute.

For inquiries about sponsorship opportunities, please contact Sonal Pande at sonal.pande@nyu.edu or 212-998-6961. To review sponsorship levels, please visit sps.nyu.edu/schack/reitsymposiumsponsorship.

REGISTRATION INQUIRIESFor registration inquiries, please contact the conference staff at schackconferences@nyu.edu.

ABOUT THE NYU SCHOOL OF PROFESSIONAL STUDIES SCHACK INSTITUTE OF REAL ESTATE

The NYU School of Professional Studies (NYUSPS) Schack Institute of Real Estate was founded in 1967 at the initiative of prominent members of the New York City real estate community, who encouraged NYU to establish an academic center that would provide a world-class education for industry professionals. More than 50 years later, the Schack Institute is at the forefront of real estate education and is recognized globally as one of the world’s leading centers of real estate research and pedagogy. Across the Institute’s graduate degree programs—notably the MS in Real Estate, the MS in Construction Management, and the MS in Real Estate Development—as well as a rapidly expanding undergraduate degree program, enrollment has grown to nearly 1,000 full- and part-time students from across the United States and nearly 50 other countries. In addition to its flagship degree programs, thousands of working professionals enroll in the Schack Institute’s executive education, diploma, certificate, and career advancement programs each year.

An anchor of real estate academia’s engagement with industry, the Institute is home to the REIT Center, the Center for the Sustainable Built Environment, and the newly established Urban Lab. In addition, the Institute hosts national industry events, including annual conferences on real estate capital markets and the REIT sector. Under the direction of the Schack Institute’s faculty, ongoing applied research at the Institute spans an exceptional range of issues in real estate development and investment, urban economics, and market structure and regulation.

24TH ANNUAL REIT SYMPOSIUMCONSOLIDATION & GROWTH IN TURBULENT TIMES

Dear Friends of the NYUSPS Schack Institute,

On behalf of the NYU School of Professional Studies (NYUSPS) Schack Institute of

Real Estate, we are pleased to invite you to attend the 24th Annual REIT Symposium: Consolidation and Growth in Turbulent Times at The Pierre in New York City on

Wednesday, April 3, 2019.

This year’s Symposium will once again bring together the REIT Industry’s most prominent

decision-makers for a critical examination of the forces that are shaping the sector at this

unprecedented time for the American economy and business environment.

We are delighted to share that our keynote speaker for the 24th Symposium is

James Taiclet, chairman, president and CEO of American Tower Corporation. The

program also features one-on-one conversations with Sam Zell, chairman of Equity

Group Investments, Debra A. Cafaro, chairman and chief executive officer of Ventas,

Kenneth Caplan, global co-head of real estate at Blackstone, and Barry S. Sternlicht, chairman of Starwood Capital Group.

These one-on-ones complement an outstanding roster of panel discussions with more

than 40 of the sector’s leading CEOs, bankers, lawyers, analysts, and investors. More than

500 industry professionals attend the Symposium each year and are active participants

in the day’s discussion and debate.

NYUSPS SCHACK INSTITUTE OF REAL ESTATE

50TH ANNIVERSARY CHAIR

LARRY A. SILVERSTEIN, Chairman, Silverstein Properties; Founder and Chairman Emeritus, Advisory Board, NYUSPS Schack Institute of Real Estate

ADVISORY BOARD CHAIR

JAMES D. KUHN, President, Brokerage Services

ADVISORY BOARD VICE CHAIR

DAVID Z. HIRSH ’90, BLDG Tech Ventures

NYU SCHOOL OF PROFESSIONAL STUDIES

SUSAN GREENBAUM, EdD Interim Dean, NYU School of Professional Studies

CONFERENCE HOSTS

SAM CHANDAN, PhD, FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYUSPS Schack Institute of Real Estate

SCOTT L. ROBINSON ’98, Clinical Assistant Professor of Real Estate & Director, REIT Center Schack Institute of Real Estate

CONFERENCE CHAIRS

ADAM O. EMMERICH, Partner, Wachtell, Lipton, Rosen & Katz

ROBIN PANOVKA, Partner, Wachtell, Lipton, Rosen & Katz

Symposium Agenda

7:30 AM – 8:10 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BREAKFAST AND ONSITE REGISTRATION

8:15 AM – 8:30 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .WELCOME AND OPENING REMARKS

SAM CHANDAN, PhD, FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYUSPS Schack Institute of Real Estate

TRENDS & PREDICTIONS

ROBIN PANOVKA, Partner, Wachtell, Lipton, Rosen & Katz

8:35 AM – 8:55 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .KEYNOTE ADDRESS – The REITech Revolution 2.0

JAMES TAICLET, Chairman, President and Chief Executive Officer, American Tower Corporation

PRESENTATION OF 2019 REIT VANGUARD AWARD

9:00 AM – 9:50 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SETTING COURSE: Long term strategy in turbulent times; how to think long term about interest rates, NAV, arbitrage with the private markets, scale and consolidation. Where have all the privatizations gone?

GUY A. METCALFE, Managing Director and Global Chairman of Real Estate, Morgan Stanley [Moderator]

JAMES B. CONNOR, Chairman and Chief Executive Officer, Duke Realty Corporation

LESLIE D. HALE, President and Chief Executive Officer, RLJ Lodging Trust

RONALD L. HAVNER, JR., Chairman, Public Storage, PS Business Parks Shurgard Europe

TIMOTHY J. NAUGHTON, Chairman and Chief Executive Officer, AvalonBay Communities, Inc.

MARTIN E. “HAP” STEIN, JR., Chairman and Chief Executive Officer, Regency Centers

OWEN D. THOMAS, Chief Executive Officer, Boston Properties

9:55 AM – 10:40 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .REITS AS DISRUPTORS: Getting ahead of change and disrupting the disruptors; harnessing prop-tech; adopting business models to take advantage of technological changes

JEFFREY D. HOROWITZ, Global Head of Real Estate, Gaming & Lodging Investment Banking, Managing Director, Bank of America Merrill Lynch [Moderator]

JOHN KILROY, Chairman of the Board and Chief Executive Officer Kilroy Realty Corporation

JOEL S. MARCUS, Executive Chairman and Founder, Alexandria Real Estate Equities, Inc.

GLENN RUFRANO, Chief Executive Officer, VEREIT

A. WILLIAM STEIN, Chief Executive Officer, Digital Realty

STEVEN B. TANGER, Chief Executive Officer, Tanger Factory Outlet Centers, Inc.

10:45 AM – 11:05 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .COFFEE AND NETWORKING BREAK

11:10 AM – 11:35 AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BARRY STERNLICHT UNPLUGGED:A WORLDWIDE INVESTING PERSPECTIVE FROM THE CHAIRMAN OF STARWOOD CAPITAL GROUP

MICHAEL J. BILERMAN, Managing Director, Head of Real Estate and Lodging Team, Citi [Moderator]

11:40 AM – 12:30 PM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .REIT M&A—GETTING IT RIGHT: Identifying, negotiating, and integrating corporate acquisitions; how to maximize value through M&A

MICHAEL J. BILERMAN, Managing Director, Head of Real Estate and Lodging Team, Citi [Moderator]

JON E. BORTZ, Chairman and Chief Executive Officer, Pebblebrook Hotel Trust

GORDON F. DUGAN, Former CEO, Gramercy Property Trust

MATTHEW J. LUSTIG, Head of Investment Banking, North America; Head of Real Estate & Lodging, Lazard

MARK ORDAN, Serial CEO, Quality Care Properties, Washington Prime, Sunrise Senior Living, The Mills

12:35 PM – 1:50 PM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CONFERENCE LUNCHEON

ZELL’S WORLDA CONVERSATION WITH SAM ZELL, Chairman, Equity Group Investments

ADAM O. EMMERICH, Partner, Wachtell, Lipton, Rosen & Katz [Moderator]

1:55 PM – 2:45 PM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .INVESTMENT OPPORTUNITIES: Finding hidden treasure in real estate and REITs

STUART BARR, Partner, Fried, Frank, Harris, Shriver & Jacobson LLP [Moderator]

BILLY BUTCHER, Member and COO of KKR Real Estate Group

ANDY JONAS, Managing Director, Goldman Sachs & Co. LLC

E. NELSON MILLS, Chief Executive Officer, Columbia Property Trust

MARGUERITE NADER, President and Chief Executive Officer, Equity LifeStyle Properties, Inc.

SHERRY L. REXROAD, Managing Director, BlackRock

2:50 PM – 3:15 PM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .REIT AND PRIVATE EQUITY TITANS COMPARING NOTES

A CONVERSATION BETWEEN DEBRA A. CAFARO, Chairman and Chief Executive Officer, Ventas

and

KENNETH CAPLAN, Global Co-

Head of Real Estate, Blackstone

SAM CHANDAN, PhD, FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYUSPS Schack Institute of Real Estate [Moderator]

3:20 PM – 4:10 PM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IS THE FUTURE MIXED? A deep dive on mixed-use projects and tech-driven redevelopments; are mixed-use or tech REITs/funds the next mega-trend

THOMAS A. GRIER, Global Head of Real Estate, Gaming & Lodging Investment Banking, J.P. Morgan Securities [Moderator]

CONOR C. FLYNN, Chief Executive Officer, Kimco Realty Corporation

JEFFREY S. OLSON, Chairman and Chief Executive Officer, Urban Edge Properties

MARK J. PARRELL, President and Chief Executive Officer, Equity Residential

SCOTT H. RECHLER ’90, Chairman and Chief Executive Officer, RXR Realty

DON WOOD, President and Chief Executive Officer, Federal Realty Investment Trust

4:15 PM – 5:00 PM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CONFERENCE RECEPTION/LEADERSHIP ROUNDTABLE

INTRODUCTION

BONNIE S. GOTTLIEB, Senior Vice President, NareitNAREIT’S DIVIDENDS THROUGH DIVERSITY INITIATIVE

Women in the REIT Boardroom (Regency Room) Nearly 50 women were added to REIT boards in 2018, representing more than half of all REIT board appointments last year. During this special session, women serving on REIT boards will discuss how the boardroom is changing and how it is impacting decision-making in the executive suite. Pre-registration required.

GEMMA BURGESS, President US Search, Ferguson Partners Ltd. [Moderator]

JANA COHEN BARBE, Partner Dentons

Z. JAMIE BEHAR, Director, Shurgard Self Storage SA

GRETA GUGGENHEIM, Chief Executive Officer, President and Partner, TPG Real Estate Finance Trust

DANA HAMILTON, Senior Managing Director and Head of Real Estate, Pretium

ELIZABETH I. HOLLAND, Chief Executive Officer and General Counsel, Abbell Associates, LLC

SUSAN SWANEZY, Partner, Hodes Weill & Associates

General InformationCONFERENCE FEEThe Conference fee, including breakfast, the luncheon, and all materials, is $825 for each participant. No discounts will be given on the day of the event. Checks will only be accepted for onsite registrations on the day of the event.

ELECTRONIC REGISTRATION AND CONFIRMATIONAn email registration confirmation will be sent to the email address provided to NYU at the time of registration. Your confirmation will be from NYUSPS Schack Institute of Real Estate. If confirmation is not received within two business days, please contact schackconferences@nyu.edu for a receipt.

TRANSFER OF REGISTRATION POLICYA transfer of registration will be accepted if written notice is received by 5:00 PM Eastern Time on Thursday, February 28, 2019. Submit the request by email to the Schack conference staff at schackconferences@nyu.edu and indicate registrant name, organization, contact information and registration confirmation number. Transfer requests received after Thursday, February 28, 2019 will not be accepted.

DIETARY REQUIREMENTS OR ACCESSIBILITY NEEDSParticipants who have dietary requirements or accessibility needs are advised to email the contact the Schack conference staff at schackconferences@nyu.edu by Wednesday, March 27, 2019 indicating their particular requirement(s). Dietary requirements must be indicated by this deadline to receive a special meal for the conference luncheon.

PARTICIPANT LISTParticipant lists derived from information provided on the registration form will be distributed to conference attendees. A list of participating companies may be included in distributions to prospective conference participants. Participants must register by Monday, March 25, 2019 to be included in the program booklet.

HOTEL RESERVATIONSThe 24th Annual REIT Symposium will be held at The Pierre, 2 East 61st Street New York, NY 10065. For hotel reservations, call 212-838-8000. Please direct any questions regarding reservation changes or cancellations to The Pierre.

Registration Form

TO REGISTERBy Internet: Register online with your credit card at sps.nyu.edu/reit. Your email address is your registration ID; confirmations are sent by email.

By Mail: Fill out the registration form below, and return it with a check payable to New York University. Mail to: New York University, 11 West 42nd Street, Room 522, New York, NY 10036.

Onsite Registration: Please bring a check for payment. No credit cards will be accepted for onsite registration.

REGISTRATION FORMMail this form with your check. You may photocopy this form for multiple registrants. Please submit a separate form for each registrant. Please print clearly.

Please register me for the 24th Annual REIT Symposium, Consolidation and Growth in Turbulent Times Fee: $825.00.

Payment is enclosed.

Name

Title

Company

Business Phone ( )

Address

City State Zip Code

Email*

*An email address is required for registration confirmation.

For registration inquiries, please contact the conference staff at schackconferences@nyu.edu.

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