THE GEORGETOWNUNIVERSITY C ITY ALLIANCE INVITES YOU TO A PANEL DISCUSSION AND RECEPTION

“LondonResidential: AffordabilityCrisis orInvestmentOpportunity”

WITH

Roger Orf (C’74) Partner & Head of Real Estate Europe

Apollo Global Management

Anthony Myers Senior Managing Director & Head of Real Estate Europe

Blackstone

Tony Pidgely Founder & Chairman

Berkeley Group

Bruce Ritchie Chief Execut ive Off icer & Founder

Resident ia l Land

MODERATED BY

Matthew Cypher Director , Steers Center for Global Real Estate

McDonough School of Business Georgetown Univers i ty

TUESDAY , JUNE 7TH , 2016

7 .00 PM

GOLDMANSACHS INTERNATIONAL RIVER COURT AUDITORIUM

120 FLEET STREET LONDON, EC4A 2QQ , UNITED KINGDOM

R.S .V .P .

STEFAN Z INGERLE a t +44 (0) 7769807839 OR C ITYALLIANCE@GEORGETOWN.EDU

ROGER ORF (C ’74 ) Mr . O r f i s a Par tner o f Apo l l o Managemen t I n t e rna t i ona l LLP j o in ing the c ompany i n November 2010 . He i s r e spons ib l e f o r Apo l l o ’ s European r ea l e s ta t e i n ve s tmen t a c t i v i t i e s and s e rve s on the Inve s tmen t Commi t t ee s o f t he Apo l l o Nor th Amer i can Rea l E s ta t e and the European P r in c ipa l F inance f unds . P rev ious l y Mr . O r f was r e spons ib l e f o r C i t i g roup ’ s g l oba l r ea l e s ta t e i n ve s tmen t a c t i v i t i e s . He has spen t

t he ma jo r i t y o f h i s ca reer i n ve s t ing i n the European r ea l e s ta t e marke t s s i n ce he a r r i v ed i n the UK in 1991 wh i l s t work ing f o r Go ldman Sachs . F o l l ow ing h i s r e t i r emen t f r om Go ldman Sachs , Mr . O r f pur sued an en t repreneur ia l ca reer , h igh l i gh ted by the f ound ing o f E - She l t e r GmbH , a German -based da ta c en t re bus ine s s wh i ch he and h i s par tner s s o ld f o r €1 .1 b i l l i on t o NTT . He s e rve s a s cha i rman o f t he Urban Land In s t i tu t e “UL I ” Europe , on the Board o f D i r e c to r s f o r UL I and on the Board o f Regen t s f o r George town Un ive r s i t y . He p rev ious l y s e rved on the boards o f A t r ium European Rea l E s ta t e , Regus PLC and Ambassador Thea t re G roup . Mr . O r f ea rned h i s bache lo r ’ s d egree Magna Cum Laude , Ph i Be ta Kappa f rom George town Un i ve r s i t y and a JD and MBA f rom The Un i ve r s i t y o f Ch i cago . He has been a member o f t he Ch i cago Boo th G loba l Adv i so ry Board EMEA cab ine t s i n ce 2006 and a member o f t he Counc i l s i n ce 2015 .

ANTHONY MYERS An thony Myer s i s a S en io r Manag ing D i r e c to r i n t he Rea l E s ta t e G roup and the Head o f Rea l E s ta t e Europe , ba sed i n London . S in ce j o in ing B la ck s tone i n 2001 , Mr . Myer s has been i nvo l ved i n a number o f r ea l e s ta t e i n ve s tmen t s , bo th i n Europe and i n the US , i n c lud ing Mu l t i Co rpora t i on , Log i co r , t h e Bank o f Amer i ca Merr i l l L ynch Por t f o l i o , I n v i ta t i on Homes , H i l t on Ho te l s and Equ i t y O f f i c e P roper t i e s . P r i o r t o j o in ing B la ck s tone , Mr . Myer s was E xe cu t i v e V i c e P re s iden t and COO a t

Ba l f our Ho ld ings , I n c . , a r e s iden t ia l and commerc ia l l and deve lopmen t c ompany a cqu i r ed by a f f i l i a t e s o f B la ck s tone i n 1997 . Be fo re j o in ing Ba l f our , Mr . Myer s was an A s so c ia t e D i r e c to r i n t he Bear S t earns Rea l E s ta t e g roup . Mr . Myer s r e ce i v ed a BS c (Honor s ) i n C i v i l Eng ineer ing f r om the Un i ve r s i t y o f Cape Town and an MBA f rom Co lumb ia Un i ve r s i t y . Mr Myer s s e rve s a s a D i r e c to r o f Mu l t i Co rp .

TONY P IDGELY Tony P idge l y CBE i s Cha i rman o f t he Berke l ey G roup p l c . He l e f t s choo l a t 15 t o f o rm h i s own company i n hau lage and p lan t h i r e . A t 19 , h e s o ld h i s bus ine s s t o C re s t Homes and be came a Bu i ld ing D i r e c to r r epor t ing t o t he i r Manag ing D i r e c to r , J im Farre r . I n 1975 , Tony and J im l e f t t o f o rm Berke l ey Homes . The company en joyed cons iderab l e g rowth over the f o l l ow ing 10 y ear s .

I t f l oa t ed on the Un l i s t ed S e cur i t i e s Marke t i n 1984 , and then ga ined a f u l l l i s t i ng i n 1985 a s t he Berke l ey G roup p l c . Tony has ga ined a na t i ona l r epu ta t i on f o r h i s p i oneer ing approach t o bu i l d ing homes and c r ea t ing su c ce s s fu l p la ce s . H i s j udgemen t o f t he marke t s , w i l l i ngnes s t o pu t h i s p e r sona l cap i ta l a t r i s k , and h i s d r i v e and commerc ia l f l a i r have made Berke l ey one o f B r i ta in ' s b e s t r e s iden t ia l d eve loper s . B e rke l ey now has a r epu ta t i on f o r ou t s tand ing commerc ia l p e r f o rmance and the ab i l i t y t o c r ea te beau t i fu l homes i n su s ta inab l e p la ce s . B e rke l ey was vo t ed B r i ta in ' s Mos t Admired Company i n 2011 a c ro s s a l l s e c to r s and has been ranked the UK ' s mos t su s ta inab l e ma jo r housebu i lde r f o r ea ch o f t he l a s t e i gh t y ear s . I n 2014 , t he Berke l ey G roup won

t h e Queen ' s Award f o r Su s ta inab l e Deve lopmen t f o r t he s e cond t ime , wh i ch i s r egarded a s t he mos t p re s t i g i ous a c co lade f o r bus ine s s pe r fo rmance i n the UK . Tony P idg l ey ' s e xper t i s e has been u sed t o adv i s e the Mayor on the Ou te r London Commis s i on and the Governmen t on the d i sposa l o f pub l i c s e c to r l and . He i s a l so a t ru s t ee o f Open C i t y London , a char i t y t ha t champ ions a r ch i t e c tu re educa t i on , and P re s iden t o f t he London Chamber o f Commerce and Indus t r y .

BRUCE R ITCH IE B ruce i s t he 100% owner o f t he Re s iden t ia l Land Group o f 163 compan ie s wh i ch ho ld i n e x ce s s o f 1 , 200 p r i va te l y r en ted i nd i v idua l p roper t i e s i n p r ime c en t ra l London a s we l l a s ho te l s and p r ime May fa i r o f f i c e bu i l d ings . A s p r in c ip l e and f ounder o f t he Re s iden t ia l Land b rand and hav ing s ta r t ed a s a s o l e t rader B ruce has bu i l t p r ime c en t ra l London ’ s l a rges t p r i va te l and lo rd

f r om a sma l l p roper t y t rad ing bus ine s s t o a b e s t i n c l a s s spe c ia l i s t opera to r . B ruce i s w ide l y r e spec t ed a s an e xper t i n h i s f i e l d and s i t s on the B r i t i sh P roper t y F edera t i on Res iden t ia l Commi t t ee and i s a F e l l ow o f t he P roper t y Consu l tan t s So c i e t y . B ruce i s a l so the j o in t owner i n par tner sh ip w i th Marco P i e r re Wh i t e o f t he Wh i t e S ta r L ine r e s tauran t g roup wh i ch have i n c luded M i rabe l l e , D rones , Quo Vad i s , C r i t e r i on and o ther s . Educa ted a t Du lw i ch Co l l ege he l e f t s choo l a f t e r A l e ve l s and ra ther than f o l l ow in the f am i l y t rad i t i on o f go ing t o Magda lene Co l l ege Cambr idge he wen t t o work i n Harrods o f Kn igh t sbr idge j o in ing the i r Managemen t T ra in ing S cheme and becoming the younges t e ve r sa l e s manager . B y the t ime he l e f t Harrods he owned 17 p roper t i e s s ome o f wh i ch he s t i l l owns t oday . S ome 24 y ear s l a t e r B ruce i s bo th a Ph i l an throp i s t and Bene fa c to r o f many o f London ’ s wor thy char i tab l e i n s t i tu t i ons . Hav ing comp le t ed c . 860 p roper t y t ransac t i ons s in ce 1991 under the Re s iden t ia l Land G roup o f Compan ie s and hundreds more pe r sona l l y p r i o r t o i t s c r ea t i on , h i s su c ce s s and t ra ck r e cord speaks f o r i t s e l f .

MATTHEWCYPHER Ma t thew L . C ypher b r ings 10 y ear s o f i ndus t r y r ea l e s ta t e e xper i ence t o George town Un ive r s i t y ’ s McDonough S choo l o f Bus ine s s , where he t eaches a s a p ro f e s so r o f t he p rac t i c e and d i r e c t s t he s choo l ’ s S t e e r s C en te r f o r G loba l Rea l E s ta t e . C ypher j o ined Inve s co ’ s r ea l e s ta t e a cqu i s i t i on s g roup in 2005 f o l l ow ing s eve ra l y ear s i n a cademia . Wh i l e a t I n ve s co , h e was r e spons ib l e f o r o ve r s igh t o f t he underwr i t ing g roup , wh i ch a cqu i r ed $10 .2 b i l l i on wor th o f

i n s t i tu t i ona l r ea l e s ta t e dur ing h i s l eader sh ip t enure . He has a l so pe r sona l l y underwr i t t en $1 .5 b i l l i on o f a cqu i s i t i on s cu lm ina t ing w i th the purchase o f 230 Park Avenue i n New York , wh i ch Inve s co a cqu i r ed on beha l f o f i t s c l i en t cap i ta l i n J une 2011 . Add i t i ona l l y , h e was r e spons ib l e f o r t he va lua t i ons g roup , wh i ch marks t o marke t I nve s co ’ s more than $13 b i l l i on Nor th Amer i can por t f o l i o . C ypher a l so was a member o f I n ve s co ’ s i n ve s tmen t c ommi t t ee and inve s tmen t s t ra t egy commi t t ee . C ypher ’ s work has been pub l i shed i n s eve ra l p ee r - r ev i ewed j ourna l s i n c lud ing the J ourna l o f Rea l E s ta t e Re sear ch , J ourna l o f P roper t y Re sear ch , and Urban A f fa i r s Rev i ew . He has a l so wr i t t en f o r t rade - l e ve l pub l i ca t i ons i n c lud ing Urban Land and The In s t i tu t i ona l Rea l E s ta t e L e t t e r . He mos t r e cen t l y s e rved a s an ad junc t p ro f e s so r a t S ou thern Me thod i s t Un i ve r s i t y t ea ch ing cour se s i n the r ea l e s ta t e c oncen t ra t i on o f t he un i ve r s i t y ’ s MBA p rogram . C ypher ho ld s a Ph .D . and M . S . f r om Texas A&M and a B . S . f r om The Pennsy l van ia S ta t e Un i ver s i t y .