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DLA PIPER GLOBAL REAL ESTATE SUMMIT
SEISMIC SHIFT
THE NEW PARADIGM
DLA Piper’s Global Real Estate Summit 2010 will continue the successful tradition of providing practical insights into investment and development trends. But given today’s economic uncertainty, Summit 2010 has an even greater challenge: How to make sense of mixed signals from various segments of the industry.
We invite you to join the debate that will be framed by leaders from all facets of the real estate and capital markets sectors. And we invite you to spend time with other deal makers who are exploring opportunities in a changing market.
DATE
Tuesday, May 4, 2010
LOCATION
Four Seasons Hotel Chicago
120 East Delaware Place, 8th Floor
Chicago, Illinois
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Time |
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SUMMIT REGISTRATION
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7:30 a.m. – 5:30 p.m. |
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CONTINENTAL BREAKFAST
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7:30 a.m. – 8:15 a.m. |
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KEYNOTE PERSPECTIVES
Where Have We Been and Where Are We Going?
Sam Zell and Michael Fascitelli are two of the most respected thought leaders in the industry. Zell sold Equity Office Properties in 2007 in a deal that now defines the top of the market, while Fascitelli leads one of the nation’s largest REITs. The dialogue between these two creative and cagey investors will frame the key issues as the industry emerges from its two-year deep freeze.
Moderator
Dale Anne Reiss, Senior Consultant
Global Real Estate Center
Ernst & Young
Speakers
Michael D. Fascitelli, President and CEO
Vornado Realty Trust
Sam Zell, Chairman
Equity Group Investments LLC |
8:15 a.m. – 9:30 a.m. |
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PLENARY SESSION
Seismic Shift Realigns Markets
Responding to the seismic shift within the industry, our panel of industry leaders will discuss and debate how the markets are recovering and when they will return to some sense of normalcy. Their perspectives on commercial real estate, as well as the challenges of raising money in both the public and private markets, will provide the basis for thought-provoking discussions.
Moderator
Randall K. Rowe, Chairman
Green Courte Partners, LLC
Speakers
Debra A. Cafaro, Chairman, President and CEO
Ventas, Inc.
Roy H. March, CEO
Eastdil Secured, LLC
Daniel M. Neidich, CEO
Dune Real Estate Partners
Ethan Penner, President, Capital Partners
CBRE Investors |
9:35 a.m. – 10:45 a.m. |
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| CONCURRENT SESSIONS |
11:00 a.m. – 12:15 p.m. |
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Let's Make a Deal
Deals are returning to the marketplace – albeit at different volume and velocity from the pre-crash days. Our panel of leading buyers, sellers and advisors will sort through the new dynamics of deal making and provide insight into the latest repricing strategies testing the market.
Moderator
Robert B. Bellinger, President
ASB Capital Management
Speakers
Bruce A. Beal, Jr., Executive Vice President
Related Companies
John C. Cushman III, Chairman of the Board
Cushman & Wakefield
Christopher N. Merrill, President and CEO
Harrison Street Real Estate Capital
Donald A. Miller, President and CEO
Piedmont Office Realty Trust, Inc.
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11:00 a.m. – 12:15 p.m. |
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The REIT Roller Coaster Ride - Has Stability Returned, or Does a CMBS Tailspin Await?
REITs are the dominant owners of US real estate in all asset classes. Their roller coaster ride of market valuation in 2008 and 2009 was punctuated by their ability to raise more than $35 billion in new equity and debt capital last year. Has the de-leveraging strategy of the past year resulted in a new paradigm for deal structures? What are their plans for the impending spate of CMBS maturities? Our panel of REIT leaders will share their thoughts on these questions and let us in on their plans for what continues to be a wild ride.
Moderator
Ross L. Smotrich, Managing Director
Equity Research
Barclays Capital
Speakers
David J. Neithercut, President and CEO
Equity Residential
Gerard H. Sweeney, President
CEO and Trustee
Brandywine Realty Trust
Leo F. Wells III, President and CEO
Wells Real Estate Funds, Inc.
Scott A. Wolstein, Chairman and CEO
Developers Diversified Realty |
11:00 a.m. – 12:15 p.m. |
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LUNCH AND PRESENTATION
The Intersection of Global Politics, Security and the Financial Markets
The worldwide instability created by the financial crisis highlighted the interdependence of global economies and the impact of government intervention to stabilize financial markets. Our distinguished panelists have extensive experience with and insight into these issues and will discuss both the global investment climate as well as the security issues which affect it.
Moderator
Peter C. Roberts, CEO, Americas
Jones Lang LaSalle
Speakers
Honorable William S. Cohen
Former US Secretary of Defense
Chairman and CEO
The Cohen Group
Honorable Chuck Hagel
Former US Senator
Distinguished Professor
Georgetown University |
12:30 p.m. – 2:45 p.m. |
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| CONCURRENT SESSIONS |
3:00 p.m. – 4:15 p.m. |
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The Pandemic of Global Real Estate
Globalization of the world’s economies caused the financial meltdown on Wall Street to spread like a pandemic around the real estate world. Our contingent of leading global real estate investors, developers and hotel operators will describe how they have navigated the financial crisis and explain their strategies for successful rebuilding and expansion in the coming years amid growing concerns over foreign debt and other issues.
Moderator
Barbara A. Knoflach, CEO
SEB Asset Management AG
Speakers
Mark S. Hoplamazian, President and CEO
Global Hyatt Corporation
Gerald Lawless, Executive Chairman
Jumeirah Group
J. Allen Smith, CEO
Prudential Real Estate Investors
Simon M. Turner, President
Global Development
Starwood Hotels and Resorts Worldwide, Inc. |
3:00 p.m. – 4:15 p.m. |
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The Changing Landscape of Private Equity
Real Estate Funds - Who is Left Standing
in the New World?
The past two years have seen the value of legacy funds plunge as the underlying fundamentals in the real estate markets have plummeted from the peaks of 2006 and 2007. While the planned-for promotes of yesterday are a distant memory, how will legacy funds deal with their investors, and what will new funds look like going forward? Our panelists, all experienced fund sponsors, will discuss what the future holds for both fund sponsors and investors.
Moderator
Stephen R. Quazzo, CEO
Transwestern Investment Company
Speakers
Erwin K. Aulis, COO
Northwood Investors
Neil G. Bluhm, Managing Principal
Walton Street Capital
Jeffrey D. Furber, CEO
AEW Capital Management LP
Lee S. Neibart, Global CEO
AREA Property Partners
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3:00 p.m. – 4:15 p.m. |
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| PLENARY SESSION |
4:30 p.m. – 5:45 p.m. |
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Show Me the Money – Is Capital Returning
to the Marketplace?
The dam erected by the financial meltdown in September 2007 stopped the flow of virtually all capital. But, cracks in this dam have been growing as both equity and debt capital have returned. We look to top capital markets experts, who will explore the new capital flows and discuss how the markets will weather the impending wave of CMBS maturities that threatens to close the spigots again.
Moderator
Bruce R. Cohen, Chairman and CEO
Wrightwood Capital
Speakers
Pat Goldstein, Vice Chairman
Emigrant Bank
Quintin E. Primo III, Chairman and CEO
Capri Capital Partners, LLC
P. Sheridan Schechner, Managing Director
US Head of Real Estate Investment Banking
Barclays Capital
Jay Sugarman, Chairman & CEO
iStar Financial
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4:30 p.m. – 5:45 p.m. |
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| COCKTAILS AND CONVERSATION |
5:45 p.m. – 8:00 p.m. |
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Click here for results from our
2010 State of the Market Survey
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