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 [email protected] 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 [email protected].
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 [email protected] 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 [email protected] 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 [email protected] 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.
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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 [email protected].
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