Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921

T 212.431.2306E realestate@nyls.edu

ROOFTOPS CONFERENCETHE

Friday, March 31, 20178:30 a.m.–2:00 p.m.

New York Law School185 West Broadway

Presented by Center for Real Estate Studies

Property Perspectives for Not-for-Profit Organizations

2017

NYC

SINCE 1891

WE ARE NEW YORK’S LAW SCHOOL

Copyright © 2017 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.

Project Mission and Goals

The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:

n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.

n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.

n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.

ROOFTOPS PROJECTTHE

A few important notes and a legal disclaimer (after all, at New York Law School we are trained as lawyers, and we train future lawyers, so inevitably we think like lawyers):

• Rooftops Conference 2017 and these accompanying materials are not intended and should not be construed as legal, tax, investment, or professional advice.

• The information and views expressed may not apply to individual readers or to their organizations or to any particular facts or circumstances.

• Attendance at The Rooftops Conference 2017 or receipt of these materials does not create any attorney-client relationship.

• Engagement and consultation with appropriately qualified, experienced, and licensed professionals should always be sought with respect to planned transactions, investments, and projects.

• These materials are provided as a supplement to the panel discussions and presentations at the live conference, but do not serve as a summary or outline of the live discussion. They do not purport to be a complete or exhaustive treatment of the topics they address.

• Views expressed by speakers and panelists, or in these materials, are not necessarily those of New York Law School, its faculty, staff, or students.

• Neither New York Law School nor its faculty or staff evaluate, rate, review, or recommend products, services, or suppliers whatsoever. Any particular products, services, or suppliers mentioned are used as examples to illustrate concepts and are for general information only.

• No representations or warranties are given whatsoever, express or implied, with respect to information presented at The Rooftops Conference or contained in these materials or their accuracy. Any representations or warranties that might otherwise exist, whether by statute, common law, or otherwise, are expressly excluded and disclaimed.

• New York Law School and its faculty expressly disclaim and do not accept any liability for any loss resulting from errors or omissions contained in, or for following or applying principles or views expressed at, The Rooftops Conference or in these materials, including without limitation any liability for direct, indirect, consequential, exemplary, or punitive damages or for loss of profits or business opportunity, whether by tort, negligence, breach of contract, or otherwise.

ROOFTOPS CONFERENCE AGENDATHE

8:30 a.m.

Registration and Continental Breakfast

8:50 a.m.–9:05 a.m.

Snapshots from the Rooftops: Welcome and Introductory Remarks

Conference Moderator:

James Hagy, Distinguished Adjunct Professor, New York Law School, and Director of The Rooftops Project

9:05 a.m.–10:00 a.m.

Building Effective Collaborations: Mission-Focused Properties, Urban Neighbors

Whether an organization has been in the same location for decades, is selecting a new site on which to build, or is leasing space for a new location, collaborations are inevitable and important at multiple levels and with multiple stakeholders. What makes for the most effective collaborations among not-for-profit staff, board members, and outside advisors? How do those served by the organization, as well as its funders, fit into the project puzzle? And what makes for strong working relationships with government and the broader community in not-for-profit real estate and facilities projects? What effects does a not-for-profit have as a neighbor, an employer, and an investor in neighborhoods in which it is present? How should not-for-profits take these factors into account when making decisions about locations and facilities?

Susanna S. Fodor, Partner, Scarola Malone & Zubatov LLP

Alice Korngold, President and CEO, Korngold Consulting LLC

Elizabeth R. Leber, AIA, LEED AP, Partner, Beyer Blinder Belle

Ronald F. Ries, CPA, CGMA, Senior Advisor, Mazars USA LLP

Jennifer Swayne, General Counsel and Chief Compliance Officer, Brooklyn Community Services

10:00 a.m.–10:30 a.m.

Brooklyn Navy Yard

Representatives of Brooklyn Navy Yard Development Corporation, a mission-driven not-for-profit that develops and operates an approximately 300-acre modern industrial park on the Brooklyn waterfront, will present on exciting developments at the Navy Yard. Venable LLP, which represented the Navy Yard in its recent Admirals Row transaction, will join the discussion about the importance of mission, culture, community, and sustainability as any not-for-profit pursues and executes mission-centric projects. The panel will include an overview of the Navy Yard and a case study of recent projects that illustrate these themes.

Sukanya Paciorek, Executive Vice President and Head of Asset Management, Brooklyn Navy Yard Development Corporation

Michael Phillipou, Partner, Venable LLP

10:30 a.m.–11:00 a.m.

Break and move to third floor for breakout sessions

11:00 a.m.–11:40 a.m.

Breakout Session 1A: Room W300Where You Sit: Workplace Planning and Design

From traditional offices, to open plan workspaces, to telecommuting, the ways and habits by which we connect and conduct our work drive every aspect of how space supports mission at not-for-profit organizations. Whether you own, lease, or share space, thoughtful planning and interior design can make a difference far beyond an order for walls and seats. Our panel will explore how the design process and recent trends can inform existing and new space commitments, limit costs, express mission and brand, and promote effective and healthy workplaces for employees and guests.

Moderator:

Larry Serota, Executive Vice President, Tenant Advisory: Office, Transwestern

Panelists:

Jamie Feuerborn, IIDA, LEED AP, Director of Workplace Strategy, Ted Moudis Associates

Alan J. Horwitz, AIA, LEED AP BD+C, Director of Architecture Firmwide and Managing Director, New Jersey Office, G3 Architecture

Adam Stoltz, Senior Vice President, Corporate Workplace Strategy, Transwestern

Breakout Session 1B: Room W301On the Mark: Process, Benefits, and Challenges When Your Not-for-Profit Property is Landmarked

What is landmark status? What is the process for how properties become voluntarily (or involuntarily) landmarked? What are the reasons an organization might wish to seek landmark designation? When and why might an organization wish to resist landmark status? What should organizations consider when purchasing (or accepting a gift of) a landmarked property? This session will look at the benefits, the drawbacks, and the practical and cost implications of owning, operating, maintaining, repairing, and improving a property that now has landmark status or might voluntarily or involuntarily become landmarked in the future. The session will also consider the interaction and potential conflicts between landmark preservation and the also worthy goals of improving accessibility and Americans with Disabilities Act upgrades to the façade, the entrances, and the building interior.

Moderator:

Erin Felker Bond, Assistant Dean, Academic Program Development, and Adjunct Professor, Center for Real Estate Studies, New York Law School

Presenters:

Valerie G. Campbell, Counsel, Kramer Levin Naftalis & Frankel LLP

Eugene Travers, Associate, Kramer Levin Naftalis & Frankel LLP

The Rooftops Conference • 1

11:40 a.m.–12:00 p.m.

Lunch and return to breakout sessionsGather your lunch from the buffet, and select your room location based on which topics you wish to hear. You are free to change rooms quietly during the short reset between the first and second session.

12:00 p.m.–12:45 p.m.

Breakout Session 2A: Room W300Can This Be … Less Taxing?

The opportunities for not-for-profit organizations to understand, manage, and appropriately minimize tax in connection with capital projects and real estate occupancy and operations go well beyond the basics of exempt status with the Internal Revenue Service and state and local real estate taxes. Moreover, many of the answers can be unique state to state. Are you qualified for, and maximizing, exemptions from state and local sales and use taxes to which your organization may be entitled? What about taxes included in maintenance, repair, or renovation projects for which you may hire outside contractors or suppliers? What questions should you have about the myriad of taxes embedded in your utility and telecommunications bills? Why might real estate be only partially exempt, and how is it then valued? How are special assessments for government infrastructure projects treated? How may related charges, such as water or sewer services, be handled? Are real estate taxes inevitable for not-for-profits as tenants of commercial buildings? This session will provide broad-ranging examples that may send you thinking about your own operations—and your tax bills!

Facilitator:

Kristen Porro, Partner, Porro Law Group LLC

Presenters:

Glenn Newman, Shareholder, Greenberg Traurig, LLP

Elliott B. Pollack, Member, Pullman & Comley LLC

Breakout Session 2B: Room W301A Faculty for Facilities: Assessing and Forecasting for Operations, Repairs, Refurbishments, and Adaptive Reuse

Owned and leased space represents a significant ongoing commitment of time and budget resources to manage, operate, and maintain. How may not-for-profit organizations conduct facilities assessments that will provide a better sense of upcoming short- and long-term maintenance and repairs? How can they forecast and address not only the next repair or refurbishment projects on the horizon, but also those seemingly constant surprises that crop up once next year’s budget has already been set? And how can organizations assess whether and how to acquire and adapt properties that have been designed for other purposes and had other lives? Our panel will discuss approaches that can be adopted with organizations and properties of all sizes and missions, drawing from recent project experiences for missions as different as arts organizations, to special needs recreation facilities, to places of worship, and adapting everything from a former state prison to a tavern patronized by George Washington.

Facilitator:

Tamara P. Salzman, Associate, Kellner Herlihy Getty & Friedman, LLP

Presenters:

Jeremy L. Havens, Principal, Havens Law Firm

John Syvertsen, FAIA, Chair, American Architecture Foundation

12:50 p.m.–1:30 p.m.

Breakout Session 3A: Room 300To Market, To Market

Whether you are a tenant leasing space, or the owner (or future owner) of property, current rental costs and property sales prices can affect your organization’s planning and performance. Our panel will provide an

overview and insights on market conditions throughout the five boroughs of New York, one of the world’s priciest cities. The session will also offer an executive overview of the upcoming changes in how operating leases will be treated for financial reporting purposes as a result of recent guidance issued by the Financial Accounting Standard Board (FASB). The overview will address the possible implications for balance sheets and financial covenants, and the panel will react to industry speculation about the potential future effect of the FASB guidance on the commercial leasing market.

Ethan Kahn, CPA, Partner, Not-for-Profit Group, Mazars USA LLP

Richard Warshauer, Senior Managing Director, Colliers International NYC LLC

Breakout Session 3B: Room 301From the Back of the Napkin to Ribbon-Cutting: How Not-for-Profits Can Get It Built on Schedule and on Budget

This session will discuss best practices for structuring your not-for-profit organization’s construction project from the outset, starting with picking your internal and external teams; through planning, financing, and fundraising; and all the way to the ribbon-cutting, to maximize your chances of completing on budget and on schedule.

Facilitator:

Dmitriy Ishimbayev, Founder, Ishimbayev Law Firm

Presenter:

Michael Phillipou, Partner, Venable LLP

1:30 p.m.–2:00 p.m.

Reception

Our reception offers a chance to meet peers and to chat with our speakers, panelists, faculty, and students involved in The Rooftops Project.

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MODERATOR

JAMES HAGYDistinguished Adjunct Professor, New York Law School, and Director of The Rooftops Project

In addition to teaching at New York Law School, Jim Hagy founded and directs The Rooftops Project. He is also an affiliated transnational professor at Peking University of Transnational Law and lectures frequently at other universities and for business audiences in the U.S. and abroad. During his 28-year career with Jones Day,

the global law firm, Jim served for 10 years as co-chair of the firm’s worldwide general real estate practice. He also formed and chaired the firm’s Corporate Real Estate Services practice worldwide. He advised a broad range of Fortune 500, FT 500, and private companies in major national and international transactions. He is an elected member of the American College of Real Estate Lawyers.

PANELISTS AND SPEAKERS

ERIN FELKER BOND Assistant Dean, Academic Program Development, and Adjunct Professor, Center for Real Estate Studies, New York Law School

As an Assistant Dean, Erin Felker Bond works on a variety of special projects to implement New York Law School’s strategic plan and ensure that students are gaining the practical experience they need to have a competitive professional edge. Prior to becoming Assistant Dean, she was the Associate Director of the

Center for Real Estate Studies (CRES) at the Law School, where she developed programming for the city’s budding and experienced real estate professionals. She continues to mentor affiliated students and recent graduates and serves on the CRES Advisory Board. Before becoming an attorney, Erin lived in Washington, D.C. and worked for Johnson Controls Inc. where, with a team of government relations professionals, she led a successful campaign for the reauthorization of Energy Savings Performance Contracting, a business essential contracting vehicle, culminating with its inclusion in Title I of the 2005 Energy Bill. She is past president of both the Association of Real Estate Women (AREW), the real estate industry’s longest-running and most consistent supporter of women real estate professionals, and Commercial Real Estate Women (CREW) of New York. The two organizations have now merged to carry on their shared mission. Erin has also been active with the City Bar Justice Center’s Pro Bono Program for Foreclosure Prevention, assisting low-income New Yorkers with their residential mortgage situations and applying for grants on their behalf. She holds a Juris Doctor degree from New York Law School and a Bachelor of Arts from the University of Virginia in Foreign Affairs and Spanish.

VALERIE G. CAMPBELLCounsel, Kramer Levin Naftalis & Frankel LLP

Valerie Campbell concentrates her practice in land use and historic preservation law. She also has experience in environmental issues. She has had extensive practical experience in addressing, from both the private and public perspective, municipal land use issues at the Department of City Planning, the Board of Standards and Appeals, the Art

Commission, the New York City Department of Transportation, and the Metropolitan Transportation Authority. She also advises clients on compliance with the federal Americans with Disabilities Act and has experience negotiating and drafting complex development rights transfer agreements. Valerie was previously General Counsel to the New York City Landmarks Preservation Commission and Deputy Counsel to the New York City Department of Parks and Recreation. She has been a member of the New York City Bar Association’s Land Use Committee and a speaker at New York City Bar Association seminars on land use and historic preservation and at the National Trust for Historic Preservation. She has co-authored (with Paul Selver) annual updates to The New York Practice Guide: Real Estate, Volume II; Land Use Regulation.

JAMIE FEUERBORN, IIDA, LEED APDirector of Workplace Strategy, Ted Moudis Associates

With nearly 15 years of experience in interior design, project management, and workplace consulting, Jamie Feuerborn connects clients’ business strategies with their physical environments, ensuring that they achieve the best return possible on their real estate investment. Recognizing that people should be at the core of every design solution, she

works with clients to uncover their needs through visioning sessions, focus groups, and research. Her experience includes strategic and occupancy planning, alternative workplace strategies, programming, and workplace standards development. She also possesses expertise in change management—helping businesses transition into new work environments. She received her Bachelor of Science degree in Interior Design at Kansas State University.

SUSANNA S. FODORPartner, Scarola Malone & Zubatov LLP

Susanna Fodor is among only a few attorneys in the U.S. with the distinction of having been elected a member of both the American College of Real Estate Lawyers and the American College of Construction Lawyers. Her dual skill set, coupled with a pragmatic business sense, has made her counsel of choice to a diverse and

dynamic client base undertaking transactions in the real estate and construction spaces throughout the world. She also has a long-standing dispute resolution practice and serves on the American Arbitration Association’s Large Complex Construction Case Panel.

ROOFTOPS CONFERENCE SPEAKERSTHE

JEREMY L. HAVENSPrincipal, Havens Law Firm

Jeremy L. Havens is an attorney licensed to practice law in both New York and New Jersey and the principal of the Havens Law Firm in Warwick, New York. Approximately 50 percent of his practice involves representing nonprofit organizations, with a focus on the unique real estate needs of nonprofits. From 2009 to 2015, Jeremy

was a managing partner of Havens & Lichtenberg, PLLC, a law firm with offices in Warwick and Manhattan. He earned a B.S. in Public Affairs from Baruch College and completed his J.D. at New York Law School in 2008. Prior to working in the legal field, Jeremy was engaged in construction and facilities management. As a result, he is experienced with blueprints, site plans, and building codes. He has also served on the boards of several nonprofit organizations, both domestic and international.

ALAN J. HORWITZ, AIA, LEED AP BD+CDirector of Architecture Firmwide and Managing Director, New Jersey Office, G3 Architecture

As the Director of Architecture for G3, a multi-office design practice based in New York City, Alan Horwitz works with clients to ensure that the firm’s design services for new construction projects are fulfilling the owner’s stated goals, and he identifies opportunities for innovative designs. Previously, Alan worked for a variety of

small, midsize, and large architectural firms. He has worked in project leadership positions at all scales of the profession, from interior renovations to new buildings to urban design and in many different market sectors, including corporate, higher education, hospitality, health care, government/institutional, nonprofit, and multi-family/mixed use. In 2012, Alan created the first course in sustainable design ever offered at Berkeley College, where he serves as an Adjunct Instructor in the Interior Design program. Alan earned a Bachelor of Science in Architecture degree from the University of Detroit and a Master of Architecture degree from the University of Wisconsin-Milwaukee.

DMITRIY ISHIMBAYEVFounder, Ishimbayev Law Firm

Dmitriy Ishimbayev is the founder of Ishimbayev Law Firm and is a licensed attorney in New York and New Jersey. He works with entrepreneurs, professionals, emerging businesses, and technology startups. He is a proud alumni member of The Rooftops Project team. Dmitriy received his Juris Doctor degree from New

York Law School and his bachelor’s degree in Business Management and Finance from the City University of New York.

ETHAN KAHN, CPAPartner, Not-for-Profit Group, Mazars USA LLP

Ethan Kahn has close to 20 years of experience delivering audit, accounting, and consulting services to a range of clients, particularly in the not-for-profit sector. He helps clients overcome strategic planning challenges and advises finance staff, senior management, and boards of directors. He also performs internal

audits and risk assessments, ensures compliance, assists with mergers and acquisitions, reviews internal control structures, and prepares audit packages for the annual audit. Ethan’s work also includes assessing grant reimbursements, trend analysis, agency-wide budgeting, assisting with government audits, efficiency analyses, trainings (fiscal, program, and board), building business models, and quality control. Prior to joining Mazars, Ethan led his own accounting and advisory practice and worked at large regional firms servicing the not-for-profit industry. Ethan is passionate about creating a better environment for nonprofits and continues to be a thought leader in the not-for-profit sector. He has chaired the Tax Exempt Organizations Committee for the New York State Society of Certified Public Accountants (NYSSCPA) for three consecutive terms, chaired the NYSSCPA Tax Exempt Organizations Conference for five consecutive years, and testified before the New York State Senate to assist it in crafting New York State’s nonprofit corporate laws. He is the key trainer for the New York City Mayor’s Office and the Foundation Center, and he has presented at many other venues, such as the New York City Bar Association, Hostos Community College, the New York State Society for CPAs, and the Staten Island Museum. Ethan received his B.S. in Accounting from Touro College.

ALICE KORNGOLDPresident and CEO, Korngold Consulting LLC

Alice Korngold advises nonprofit boards to help them achieve transformational change for strategic and financial sustainability. Alice has also trained and placed several hundred business executives and professionals on nonprofit and non-governmental organization boards. In addition, she provides strategic

advisory services and facilitates leadership strategy retreats for board members and executives from multinational corporations and consults with foundations and nonprofits on corporate social responsibility, leadership, development, nonprofit board governance, strategic planning, and philanthropy. Alice is the author of Leveraging Good Will: Strengthening Nonprofits by Engaging Businesses (Jossey-Bass, a Wiley imprint, 2005) and A Better World, Inc.: How Companies Profit by Solving Global Problems ...Where Governments Cannot (Palgrave MacMillan, 2014).

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GERALD KORNGOLDProfessor of Law, New York Law School

Gerald Korngold returned to New York Law School in 2008 from Case Western Reserve University School of Law, where he was the McCurdy Professor of Law and served as Dean from 1997 to 2006. He was a faculty member at New York Law School from 1979 to 1987 and Associate Dean of Academic Affairs from 1984 to 1986. He has lectured

nationally and internationally on land and property law issues and writes and teaches in the field of property and real estate law. He is the author of Private Land Use Arrangements: Easements, Real Covenants, and Equitable Servitudes (Juris Publishing, 2016); co-author of two casebooks, Real Estate Transactions: Cases and Materials on Land Transfer, Development, and Finance (Foundation Press, 2015) and Cases and Text on Property (Aspen Publishers, 2015); and co-editor of Property Stories (Foundation Press, 2009). He is an elected member of the American Law Institute and the American College of Real Estate Lawyers.

ELIZABETH R. LEBER, AIA, LEED APPartner, Beyer Blinder Belle

Liz Leber is dedicated to advancing mission-based institutions through forward-looking adaptive reuse, new construction, and planning projects. Since joining architecture firm Beyer Blinder Belle in 2001, she has been recognized for her ability to approach every challenge with a balance of creativity, pragmatism, and unfailing optimism, both

within and outside the firm. Guided by her astute and inquisitive nature, Liz excels at extracting the core objectives of her clients and their stakeholders and translating the collective needs and mission of institutions into creative architectural solutions. Liz’s clients include leading universities such as the Massachusetts Institute of Technology, Harvard University, Princeton University, and Lehigh University, as well as nonprofit institutions, including the Brooklyn Navy Yard Development Corporation and the Metropolitan Museum of Art.

GLENN NEWMANShareholder, Greenberg Traurig, LLP

Glenn Newman focuses his practice on tax planning and controversy matters involving state and local taxes, including personal income tax, corporate tax, sales tax, and real property tax transfers. Throughout his career, Glenn has held numerous positions within New York City and State government. Most recently, he was confirmed by the City

Council to serve as President of the New York City Tax Commission. Before that, Glenn was a partner at a tax law firm. Prior to going into private practice, Glenn served as Deputy Commissioner for Audit and Enforcement at the New York City Department of Finance, where

he was responsible for developing tax policy and for all aspects of the audit process. Before moving to the Finance Department, Glenn was Chief of the Tax and Bankruptcy Division of the New York City Office of the Corporation Counsel, where he drafted legislation and regulations, litigated in New York City and State administrative proceedings and in the courts, and handled scores of cases involving city taxes in federal courts, including the U.S. Bankruptcy Courts. Glenn was a member of the Commissioners’ Advisory Panels for both the New York State and City tax departments and was chair of the State and Local Tax Committee of the New York City Bar Association. In 2003, Glenn was appointed President of the New York City Tax Appeals Tribunal, the body that reviews the city’s non-property tax determinations, making him the first person to head the city agencies that hear property and non-property tax appeals.

SUKANYA PACIOREKExecutive Vice President and Head of Asset Management, Brooklyn Navy Yard Development Corporation

In her role at the Brooklyn Navy Yard Development Corporation, Sukanya Paciorek oversees leasing and facilities’ operations, including the yard’s maintenance, energy infrastructure, and utilities management efforts. Prior to BNY, Sukanya was the Senior Vice President of Corporate Sustainability at Vornado Realty Trust, worked in the energy

industry, and worked for the U.S. Department of State. Sukanya serves on several boards and advisory groups, including the Urban Green Council and New York University’s ACRE, and is a member of the Real Estate Board of New York’s (REBNY’s) Management Division Board of Directors. She has a master’s degree from Columbia University’s School of International and Public Affairs, where she studied international energy management and policy, and an undergraduate degree in international studies and political science from the Ohio State University.

MICHAEL PHILLIPOUPartner, Venable LLP

Michael Phillipou is a Partner in Venable’s New York Real Estate group. Michael’s specialties include construction, development, leasing, acquisition, and disposition of key assets. Michael has developed a niche representing some of New York’s premier not-for-profit and quasi-governmental institutions, including

clients in the educational, cultural, religious, transportation, and medical fields. Representative transactions include providing construction counsel for the public areas of the World Trade Center site, major capital expansions for some of New York’s premier educational institutions, the development of the Admirals Row project at the Brooklyn Navy Yard, and construction of Amtrak’s new concrete tunnel casing, preserving the ability to double capacity into Penn Station. He often serves as outside general construction and transaction counsel to land-holding clients.

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ELLIOTT B. POLLACKMember, Pullman & Comley LLC

Elliott B. Pollack is a member of his firm’s Property Tax and Valuation Department and is editor of Property Tax Valuation Topics, its quarterly newsletter. Elliott has litigated or settled several billion dollars of ad valorem and eminent domain property valuation cases. He is a member of the Corporate Advisory Committee of the International

Property Tax Institute. His articles on valuation topics have appeared in numerous publications, such as the Institute for Professionals in Taxation newsletter, the Connecticut Assessoreporter, and real estate magazines. He co-authors the Connecticut chapter in the American Bar Association Property Tax Deskbook and the Connecticut chapter of the Eminent Domain Compendium with members of the firm’s Property Valuation Department. Elliott also frequently speaks before bar associations and professional, industry, and trade groups.

KRISTEN PORROPartner, Porro Law Group LLC

Kristen Porro handles the firm’s estate planning, wills, trusts, and real estate transactions. She brings experience in corporate contract negotiations, business formations, and trademark applications, as well as extensive involvement in the food and wine industry. Kristen also backs the firm’s concentration on matrimonial

matters, child custody, interstate removal, spousal support, domestic violence, juvenile matters, partnership law, adoptions, and mediation of not-for-profit organization disputes.

RONALD F. RIES, CPA, CGMASenior Advisor, Mazars USA LLP

Ron Ries provides audit, tax, and consulting services to both not-for-profit and for-profit organizations. Over the past 20 years, he has concentrated on the not-for-profit sector, including accounting work with the firm Goldstein Golub Kessler LLP, where he ultimately led the firm’s not-for-profit services practice. More recently, Ron

spent five years as Chief Financial Officer at the Jewish Board of Family and Children’s Services. Ron lectures and writes frequently on operating and fiscal matters, primarily in the not-for-profit sector, and is a contributing editor at The Practical Accountant, a professional publication. Ron received his B.B.A. degree from The City College of New York.

TAMARA P. SALZMANAssociate, Kellner Herlihy Getty & Friedman, LLP

Tamara Salzman is a graduate of New York Law School, where she was a member of The Rooftops Project and the Center for Real Estate Studies. She is an associate in her firm’s litigation department, focusing on landlord-tenant matters and regularly appearing in housing court. Prior to law school, Tamara enjoyed the spotlight as an

opera singer and received her Bachelor of Music and Masters of Music degrees in opera from The Manhattan School Music and her Master of Arts degree in Music Business from New York University.

LARRY SEROTAExecutive Vice President, Tenant Advisory: Office, Transwestern

Larry Serota specializes in tenant representation. He advises clients on real estate strategies that align with overall organizational goals and financial objectives. Additionally, Larry is a member of Transwestern’s Board of Directors, serves as Chair of Transwestern’s Emerging Leaders Council and Nonprofit Advisory

Group, and is a member of the National Tenant Advisory Council. He is also a LEED Accredited Professional. He facilitates the creation of healthy and productive workplaces by implementing sustainable design strategies and aiding in the reduction of a company’s operational costs and carbon footprint. In 2015, Larry was honored by Real Estate Forum as one of the “Top 50 Under 40” of commercial real estate professionals in the U.S. Larry’s community involvement includes being Board of Directors Executive Committee member and Chairman of the Building Committee, Chicago Children’s Museum, and a Leadership Greater Chicago 2013 Fellow.

ADAM STOLTZSenior Vice President, Corporate Workplace Strategy, Transwestern

Adam Stoltz is a senior vice president of Corporate Workplace Strategy in his firm’s New York office. He provides workplace strategy to landlord and tenant clients across the Transwestern platform. Adam is an industry thought leader and experienced professional with more than 80 engagements addressing facility

planning and programming; campus planning; occupancy and workplace strategy; organizational performance measurement; design advisory; and change management program development and delivery. Before joining Transwestern, Adam worked at global design, architectural, engineering, and planning firm HOK. He is Prosci-certified in change management and is a U.S. Green Building Council LEED Green Associate. Adam earned a bachelor’s degree in Psychology from Washington University and a master’s degree in Urban Planning from Hunter College.

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JENNIFER SWAYNEGeneral Counsel and Chief Compliance Officer, Brooklyn Community Services

Jennifer Swayne is an attorney who is passionate about empowering communities. At Brooklyn Community Services (BCS), she is responsible for legal oversight and compliance systems for more than 30 programs and services across sites in Downtown Brooklyn, Bedford Stuyvesant, Crown Heights, East New York, Brownsville,

Fort Greene, Clinton Hill, and Coney Island. Before joining BCS, Jennifer served at nonprofit organizations in various capacities, including providing legal services, policy advocacy, and project management consulting. Through roles with organizations such as the Education Delivery Institute and New York Lawyers for the Public Interest, she brings a wealth of knowledge in healthcare access and education to BCS. Prior to her transition into the nonprofit arena, Jennifer was a Litigation Associate at Skadden, Arps, Slate, Meagher, and Flom LLP. Additionally, she has served on various boards, including as Board Chair for La Cima Elementary School in Brooklyn and as a member of an advisory children’s subcommittee to the New York City Department of Health and Mental Hygiene. Originally from Oakland, California, Jennifer has a J.D. from New York University School of Law and a B.A. from the University of Michigan.

JOHN SYVERTSEN, FAIAChair, American Architecture Foundation

In his 35-year career, John Syvertsen has devoted himself to design excellence, focusing much of his time working with colleges and universities across the U.S. He has served as Chair of the American Institute of Architects National Committee on Design, as President of the Graham Foundation for Advanced Studies in the

Arts, as President of the Chicago Chapter of the American Institute of Architects, and as Chair of the Board of Trustees of the Chicago Architecture Foundation. He currently serves as Chair of the Board of Regents of the American Architectural Foundation and Chair of the Board of Directors of Archeworks, an alternative, socially focused design educator.

EUGENE TRAVERSAssociate, Kramer Levin Naftalis & Frankel LLP

Eugene Travers represents developers, lenders, corporations, real estate investment trusts, not-for-profit institutions, and other entities in land use, zoning, and historic preservation law matters. He negotiates complex zoning lot mergers and transfers of development rights, conducts zoning due diligence and analyzes development

potential for property acquisition and financing, and seeks discretionary land use approvals—including rezonings, zoning text amendments, special permits, variances, and authorizations. He regularly appears on behalf of clients before New York City’s land use agencies, including the City Planning Commission, the Landmarks Preservation Commission, the Board of Standards and Appeals, the Department of Buildings, and the Department of Housing Preservation and Development, as well as before community boards, borough presidents, and the City Council. He also advises clients in responding to requests for proposals from local, state, and federal entities in connection with the development of government-owned land. One of Gene’s most notable accomplishments was obtaining zoning variances to facilitate a cultural institution’s development of a $20 million education center to complement its existing museum. Before joining Kramer Levin, Gene served as associate general counsel to a Manhattan-based hospitality and real estate development company. He is a graduate of New York Law School, and the School’s Center for New York City Law awarded him the CityLand Fellowship in 2010.

RICHARD WARSHAUERSenior Managing Director, Colliers International NYC LLC

Richard Warshauer, a Senior Managing Director of Colliers International’s New York tri-state hub, is an established New York City real estate industry veteran with more than 35 years of industry experience. He has represented major commercial property owners and tenant organizations in a large variety of diversified transactions,

ranging from major office buildings to major acreage sales. Colliers International is the third largest commercial real estate services firm globally, with 482 offices in 612 countries, 13,500 employees, and 1.12 million square feet under management. An avid New York City historian, Richard has been conducting historical walking tours, “The Great Crashes of Wall Street,” since 1988 for the Museum of American Finance and other not-for-profit groups.

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The Rooftops Conference • 7

ROOFTOPS CONFERENCE SPEAKERSTHE

STUDENT MEMBERS OF THE ROOFTOPS PROJECT TEAM (2016-2017)

John Hohos (Class of 2017) concentrates his studies on real estate law. During law school, John has worked for the Honorable Nicholas Tsoucalas in the Court of International Trade and currently works with the Honorable Maria Ressos in the New York City Civil Court, Landlord Tenant Division. John worked at JPMorgan Chase, where he was in the Commercial Term Lending group and participated in financing over $500 million of multi-family buildings in the New York City area. Prior to joining JPMorgan Chase, John worked for Pinnacle Derivatives in energy derivatives trading and was an analyst at MF Global on its sales and trading desk. John holds a Bachelor of Science degree in Economics from St. John’s University.

Jordan Moss (Class of 2017) concentrates her studies on real estate law. To expand her knowledge and understanding of real estate law, she enrolled in Landlord-Tenant Law and Corporate Real Estate. She also has an interest in helping innocent persons overturn wrongful convictions and is associated with the school’s Post-Conviction Innocence Clinic. She currently works as a paralegal for a real estate law firm. She received her Bachelor of Arts Degree in Legal and Policy Studies from Fordham University.

Kelly Padden (Class of 2017) has a range of interests, including real estate and not-for profits. She is an Executive Editor of the New York Law School Law Review, Co-President of the Anti-Trafficking Law Students Association, and Community Service Chair of the Legal Association for Women. During law school, Kelly has participated in the Social Entrepreneurship Legal Clinic and the Conservation Law and Policy Clinic, completed a judicial internship, and worked as a research assistant for two professors. Before law school, Kelly worked at a law firm and in the healthcare industry. She obtained her undergraduate degree at the University of Richmond where she majored in Finance and Leadership Studies.

Colin Pearce (Class of 2017) is a third-year student with a focus on taxation and transactional practice. He is an entrepreneur, photographer, and philosophy enthusiast. Originally from Braintree, Massachusetts, he is delighted to have lived in Astoria, New York City since 2009.

Brenda Alejo (Class of 2018) is an associate with the Center for Real Estate Studies, and hopes to pursue a career in transactional law. After her first year of law school, she worked at a non-profit real estate organization in New York City. As a second-year law student, she has focused her studies on financial and real estate compliance. She holds a Bachelor of Arts degree in Political Science from Texas State University.

Stephen Caracappa (Class of 2018) is a second-year student with a passion for real estate. At the age of 19, Stephen purchased and renovated his first rental property while attending Stetson University in Florida. Since then, he has purchased and sold several properties rented to college students. Stephen returned home to New York to attend New York Law School, where he focuses on real estate studies and has begun purchasing and extensively renovating properties in the New York area. He is a proud member of The Rooftops Conference, where he hopes his personal experiences can help not-for-profits navigate real estate challenges in New York City.

Kayla Fonseca (Class of 2018) concentrates her studies on real estate law. To expand her knowledge and understanding of real estate law, she enrolled in Real Estate Transactions & Finance and Corporate Real Estate. She is a member of the New York Law School Dispute Resolution Team. While in law school, Kayla has worked for the New York State Housing Investigations Unit and as an extern at a private firm focused on immigration. She received her Bachelor of Science summa cum laude in Psychology.

Frank Loffreno (Class of 2018) concentrates his studies on real estate law. During law school, Frank has joined the Center for Real Estate Studies and is an active member of the School’s real estate club and Italian club. Prior to attending law school, Frank worked at Credit Suisse in the Prime Brokerage department. While there, he aided equity swap traders by establishing more efficient trading software across their platform. Currently, Frank is externing at a private real estate investment company, where he hopes to work after graduation.

Whitney Richardson (Class of 2018) is a second-year law student and an associate with the Center for Real Estate Studies. She has an interest in not-for-profit organizations that support the arts. She has a Bachelor of Arts degree in Letters from the University of Oklahoma.

Alison Snyder (Class of 2018) concentrates her studies on real estate law. She is an associate with the Center for Real Estate Studies and a member of the New York Law School Moot Court Association. While in law school, Alison has worked in the not-for-profit sector, and as an extern for a landlord-tenant firm. Prior to law school, she received a Bachelor of Arts degree in Strategic Communication with a focus in Public Advocacy from Temple University.

Christopher Whalen (Class of 2018) concentrates his studies on both corporate and real estate law. He is currently a Junior Staff Editor on the New York Law School Law Review; a Harlan Scholar affiliated with the Center of Real Estate Studies; and an avid runner, guitar player, and baseball fan. Prior to law school, he received his Bachelor of Arts degree magna cum laude in History at Ithaca College.

8 • The Rooftops Conference

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Copyright © 2017 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.

Project Mission and Goals

The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:

n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.

n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.

n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.

ROOFTOPS PROJECTTHE

A few important notes and a legal disclaimer (after all, at New York Law School we are trained as lawyers, and we train future lawyers, so inevitably we think like lawyers):

• Rooftops Conference 2017 and these accompanying materials are not intended and should not be construed as legal, tax, investment, or professional advice.

• The information and views expressed may not apply to individual readers or to their organizations or to any particular facts or circumstances.

• Attendance at The Rooftops Conference 2017 or receipt of these materials does not create any attorney-client relationship.

• Engagement and consultation with appropriately qualified, experienced, and licensed professionals should always be sought with respect to planned transactions, investments, and projects.

• These materials are provided as a supplement to the panel discussions and presentations at the live conference, but do not serve as a summary or outline of the live discussion. They do not purport to be a complete or exhaustive treatment of the topics they address.

• Views expressed by speakers and panelists, or in these materials, are not necessarily those of New York Law School, its faculty, staff, or students.

• Neither New York Law School nor its faculty or staff evaluate, rate, review, or recommend products, services, or suppliers whatsoever. Any particular products, services, or suppliers mentioned are used as examples to illustrate concepts and are for general information only.

• No representations or warranties are given whatsoever, express or implied, with respect to information presented at The Rooftops Conference or contained in these materials or their accuracy. Any representations or warranties that might otherwise exist, whether by statute, common law, or otherwise, are expressly excluded and disclaimed.

• New York Law School and its faculty expressly disclaim and do not accept any liability for any loss resulting from errors or omissions contained in, or for following or applying principles or views expressed at, The Rooftops Conference or in these materials, including without limitation any liability for direct, indirect, consequential, exemplary, or punitive damages or for loss of profits or business opportunity, whether by tort, negligence, breach of contract, or otherwise.

Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921

T 212.431.2306E realestate@nyls.edu

ROOFTOPS CONFERENCETHE

Friday, March 31, 20178:30 a.m.–2:00 p.m.

New York Law School185 West Broadway

Presented by Center for Real Estate Studies

Property Perspectives for Not-for-Profit Organizations

2017

NYC

SINCE 1891

WE ARE NEW YORK’S LAW SCHOOL