Capitalizing
on Change:

Where to play and how to win

  • DLA Piper 14th Global Real Estate Summit
  • September 26, 2017
  • Chicago

About

DLA Piper's 14th Global Real Estate Summit was held at the Four Seasons Hotel Chicago on September 26, 2017. 

With an all-star line-up of top dealmakers, key players in the private equity and public markets, and global investors, our distinguished speakers shared insights and analysis on the latest trends and forecasts in the ever-evolving world of commercial real estate investment, development and finance.

Registration list

Speaker bio

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Sam Zell

Sam Zell

Chairman

Equity Group Investments

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Sam Zell is the Chairman of Equity Group Investments (EGI), the private investment firm he founded more than 40 years ago. The firm's investments span industries and continents and include interests in finance, energy, transportation, communications, health care and real estate. Mr. Zell is recognized as a founding father of today's public real estate industry after creating three of the largest REITs in history.

He is also Founder and Chairman of Equity International, a private investment firm focused on building real estate-related businesses in international emerging markets. Mr. Zell has been particularly active in bringing Equity International's companies to the public markets.

Three of these investments are listed on the New York Stock Exchange: Gafisa, a leading homebuilder in Brazil; Xinyuan, a fast-growing regional homebuilder in China; and Homex, Mexico's leading homebuilder. A fourth, BR Malls, Brazil's largest retail property owner and operator, is listed on the Bovespa.

7:15 a.m. – 5:00 p.m.
Summit registration
7:15 a.m. – 8:00 a.m.
Continental breakfast
8:00 a.m. – 9:15 a.m.
Keynote Presentation

Bill Ackman, founder and CEO of Pershing Square Capital Management L.P., has been among the most active of activist US investors in recent years. With real estate in his DNA, a number of Pershing Square's investment initiatives have involved real estate components over the years. For example, he has been the chairman of the board of the Howard Hughes Corporation since spinning the company out of General Growth Properties in 2010.  His work with the Pershing Square Foundation places him at the forefront of innovation in the areas of economic development, education, healthcare, human rights, arts and urban development. As the worlds of real estate, corporate finance and innovation become more intertwined each year, Bill Ackman will open the 14th DLA Piper Global Real Estate Summit with his insightful perspectives and observations on where he plans to focus his attention in the coming years in pursuit of continued success for Pershing Square and its investors.

Keynote
William A. Ackman

William A. Ackman

CEO

Pershing Square Capital Management

Interviewed by
Roy H. March

Roy H. March

CEO

Eastdil Secured

9:15 a.m. – 10:30 a.m.
Real Estate in a Changing World
Moderator: Cynthia Foster
Michael D. Fascitelli, Adam S. Metz, Owen D. Thomas and David R. Weinreb

Rapid changes in user demands, technology, and consumer behavior are disrupting the market for real estate. The desire for amenities and 24-hour activity, resurgence of urban business headquarters, and deepening mix of diverse uses, along with shifts in transportation use, energy sources, and other technology are requiring industry adaptation. Our panel of world-class investors and developers will discuss how these trends are affecting their decisions on deployment of capital and resources at the cutting edge, and what we should expect moving forward.

Moderator
Cynthia Foster

Cynthia Foster

President, National Office Brokerage

Colliers International

Speakers
Michael D. Fascitelli

Michael D. Fascitelli

Co-Founder and Managing Partner

Imperial Companies

Adam S. Metz

Adam S. Metz

Head of International Real Estate

The Carlyle Group

Owen D. Thomas

Owen D. Thomas

CEO

Boston Properties

David R. Weinreb

David R. Weinreb

CEO

The Howard Hughes Corporation

10:45 a.m. – 12:00 p.m.
Evolving with the Times: Non-Traditional Realms for
Real Estate
Moderator: Jeffrey A. Barclay
Deborah L. Harmon, John Z. Kukral, Lee S. Neibart and Randall K. Rowe

Our panel of entrepreneurs and investors will address the intersections between traditional real estate and other sectors of the economy, and how the ever-changing market may drive investment in niches such as infrastructure, healthcare facilities, storage, senior housing, student housing, and other specialized areas of investment.

Moderator
Jeffrey A. Barclay

Jeffrey A. Barclay

Managing Director

Goldman Sachs

Speakers
Deborah L. Harmon

Deborah L. Harmon

Co-Founder and CEO

Artemis Real Estate Partners

John Z.  Kukral

John Z. Kukral

President and CEO

Northwood Investors

Lee S. Neibart

Lee S. Neibart

Chairman, Global Real Estate Group

Ares Management

Randall K. Rowe

Randall K. Rowe

Chairman

Green Courte Partners

10:45 a.m. – 12:00 p.m.
An Enduring Destination for Capital: How Will Investment in the US Be Affected by Volatility at Home and Abroad?
Moderator: James A. Fetgatter
Peter Ballon, Martin J. Brühl, Tinchuck A. Ng and Dino Christoforakis

Foreign investors have consistently favored US real estate for its relatively consistent and dependable returns. Will this endure? How will the US market be affected by current political and market shifts? Our panel of major global investors will address current challenges and opportunities.

Moderator
James A. Fetgatter

James A. Fetgatter

Chief Executive

AFIRE

Speakers
Peter Ballon

Peter Ballon

Managing Director
Head of Real Estate Investments

CPPIB

Martin J. Brühl

Martin J. Brühl

Managing Director and CIO

Union Investment Real Estate GmbH

Tinchuck A.  Ng

Tinchuck A. Ng

International Chair Real Estate Board

Cottonwood Management

Dino Christoforakis

Dino Christoforakis

Head of Transactions, North America

AFIAA

12:15 p.m. – 2:00 p.m.
A New Political Order: Domestic and Global Business in the Trump Era
Moderator: Jeffrey D. DeBoer
Secretary William S. Cohen, Senator George J. Mitchell and Secretary Penny S. Pritzker

After a period of gridlock and prevailing federal inaction, President Trump and the Republican Congress are in control of the national government and federal policy. Will they cooperate to implement a GOP vision, or will factions within the party result in continuing gridlock? What are the anticipated shifts in regulatory and tax policy, and their impact? What are the likely next steps for the US in relation to traditional allies and adversaries? How will these trends impact the US business community and markets? Drawing on their experiences at the highest levels of both government and business, our panelists will share their perspectives on the political and commercial landscape.

Moderator
Jeffrey D. DeBoer

Jeffrey D. DeBoer

President and CEO

The Real Estate Roundtable

Speakers
Secretary William S. Cohen

Secretary William S. Cohen

Former US Secretary of Defense
Chairman and CEO

The Cohen Group

Senator George J. Mitchell

Senator George J. Mitchell

Former US Senate Majority Leader
Chairman Emeritus

DLA Piper

Secretary Penny S. Pritzker

Secretary Penny S. Pritzker

Former US Secretary of Commerce
Founder and Chairman

PSP Capital Partners

2:15 p.m. – 3:30 p.m.
Real Estate Innovation and Creativity:
A Discussion of Placemaking
Moderator: Mitchell N. Schear
Jeff T. Blau, Shobi Z. Khan, Deborah Ratner Salzberg and Donald C. Wood

Placemaking – combining a mix of uses and built environments to create places where people want to live, work, shop, and play – is a driving force in the real estate industry. Our panel of thought leaders will discuss how they have pursued placemaking, the key components of success, and the role of placemaking in the future of the market.

Moderator
Mitchell N. Schear

Mitchell N. Schear

President

Vornado/Charles E. Smith

Speakers
Jeff T. Blau

Jeff T. Blau

CEO

Related Companies

Shobi Z. Khan

Shobi Z. Khan

President and COO

GGP Inc.

Deborah Ratner Salzberg

Deborah Ratner Salzberg

President

Forest City Washington

Donald C. Wood

Donald C. Wood

President and CEO

Federal Realty Investment Trust

2:15 p.m. – 3:30 p.m.
Raising and Deploying Capital in a Fragile World
Moderator: Stephen R. Quazzo
Benjamin S. Butcher, Glenn M. Johnson, Leonard J. O'Donnell and Alan F. Riffkin

With money available but a market preparing for unpredictable headwinds, which means of real estate capital raising and deployment are working best? How are investor expectations changing and being satisfied? Is the market overheated or steady? Our panel of experienced fundraising experts will discuss their strategies and the forces affecting the capital markets.

Moderator
Stephen R. Quazzo

Stephen R. Quazzo

CEO

Pearlmark Real Estate

Speakers
Benjamin S. Butcher

Benjamin S. Butcher

CEO

STAG Industrial

Glenn M. Johnson

Glenn M. Johnson

Managing Director

Clarion Partners

Leonard J. O'Donnell

Leonard J. O'Donnell

President and CEO

USAA Real Estate Company

Alan F. Riffkin

Alan F. Riffkin

Managing Director

Lazard

3:45 p.m. – 5:00 p.m.
Current Finance Markets
Moderator: Daniel B. Rubock
Dean A. Dulchinos, Thomas M. Flexner, Mark L. Myers and Sheridan "Schecky" Schechner

Our leading lender and investor experts will address current challenges, opportunities, and innovations in real estate finance, driven by factors such as risk retention rules, uncertainty about Dodd Frank, Brexit and changes in the EU, interest rates, global political uncertainty, and other trends in the market.

Moderator
Daniel B. Rubock

Daniel B. Rubock

Senior Vice President

Moody's Investor Service

Speakers
Dean A. Dulchinos

Dean A. Dulchinos

Head of Structured Real Estate Investments

Barings Real Estate Advisers

Thomas M. Flexner

Thomas M. Flexner

Global Head of Real Estate

Citigroup

Mark L. Myers

Mark L. Myers

Executive Vice President
Head of Commercial Real Estate

Wells Fargo

Sheridan "Schecky" Schechner

Sheridan "Schecky" Schechner

Managing Director
Real Estate Investment Banking

Barclays

3:45 p.m. – 5:00 p.m.
Making Deals Amid Uncertainty
Moderator: Bruce R. Cohen
Timothy H. Callahan, Pamela J. Herbst, Reid K. Liffmann and K. Jay Weaver

A maturing business cycle and geopolitical change present challenges and opportunities for dealmakers: Which asset classes are hot? Which locations? Will public policy help or hinder transactions? What can we expect on pricing and financing? Our panel of dealmakers will discuss how they are working in a volatile environment to achieve successful deals for their stakeholders.

Moderator
Bruce R. Cohen

Bruce R. Cohen

CEO

Wrightwood Financial

Speakers
Timothy H. Callahan

Timothy H. Callahan

CEO

Callahan Capital Properties

Pamela J. Herbst

Pamela J. Herbst

Managing Director, Head of Direct Investments

AEW Capital Management

Reid K. Liffmann

Reid K. Liffmann

Managing Director

Angelo, Gordon & Co.

K. Jay Weaver

K. Jay Weaver

Managing Principal

Walton Street Capital

5:00 p.m. – 7:00 p.m.
Cocktails and conversation

What past delegates say

"I go to a lot of events and watch plenty of panels… this was one of the best I have ever attended. The quality of speakers and the folks in the room were of the highest caliber in our industry."

2017 Summit Attendee