Second Annual Spring Symposium

April 30, 2013

Materials from Second Annual Spring Symposium:

Summary: Global Investing Panel
Summary: Single Family Housing Panel


Jerry L. Cohen (BS ’53, MBA ’59), NYU Stern Board of Overseer, Partner of Tishman Speyer Properties, and the Center for Real Estate Finance Research invite you to a full-day exploration of four current hot topics in real estate finance.
  1. Real Estate as Critical Infrastructure: Resiliency and Sustainability

    In recent years, man-made and natural disasters have had critical impacts on the built environment. This session reviews recent incidents and the lessons learned. What are the best practices in risk management for real estate companies in the new millennium?
     
  2. Global Investing: The Difference of a Decade

    The past decade has seen a rise in the amount of global investment by US real estate companies. Other countries are also increasing their cross border investments. What are the forces driving this globalization of the real estate market?
     
  3. Single Family Housing: Opportunistic Investment or New Asset Class

    The housing price bubble of 2008 created a unique opportunity for investors to aggregate single family houses in portfolios at well below replacement cost. Large amount of private and public capital have gone into this trade over the past three years. Is this a one-time price arbitrage or the birth of a new asset class?
     
  4. The Impact of the Internet on Commercial Real Estate

    The internet has fundamentally changed our living habits including the way we work and shop. What are the long term implications of these changes for the way in which we use office and retail space? What are the financial implications of these changes for property investors?

Date and Time
Tuesday, April 30, 2013
8:00 AM – 6:30 PM

Location
NYU Stern School of Business
Henry Kaufman Management Center
44 West 4th Street, Room 2-60
New York, NY

Cost
Free for members of the CREFR, NYU students and faculty
$100 for non-members

For Center information, please visit the CREFR website or contact
Audrey Gardiner at 212-992-6840 or agardine@stern.nyu.edu.

TENTATIVE PROGRAM AGENDA

8:00-8:45 AM: NETWORKING BREAKFAST & REGISTRATION (KMC, Room 1-100)

8:45-9:00 AM: WELCOME REMARKS (KMC, Room 2-60)

Edward Glickman, Clinical Professor of Finance and Executive Director of the CREFR, NYU Stern
 
9:00-10:15 AM: REAL ESTATE AS CRITICAL INFRASTRUCTURE (KMC, Room 2-60)

Moderator: Constantine Kontokosta, Deputy Director, NYU Center for Urban Science + Progress (CUSP); Director, Center for the Sustainable Built Environment

R. James Caverly, Director of the Infrastructure Partnerships Division, U.S. Department of Homeland Security (Ret.)
Jeffrey S. Alpaugh, Global Real Estate Practice Leader, Marsh & McLennan Companies
Peter Angelides, Senior Vice President and Principal, Econsult Solutions, Inc.
Bud Griffis, Professor and Director, Center for Construction Management Technology, NYU-Poly
 
10:15-10:45 AM: NETWORKING COFFEE BREAK (KMC, Outside Room 2-60)

10:45-12:00 PM: IMPACT OF INTERNET ON RETAIL AND OFFICE REAL ESTATE (KMC, Room 2-60)

Moderator: Edward Glickman, Clinical Professor of Finance and Executive Director of the CREFR, NYU Stern

Ben Waber, Co-Founder, President, and CEO, Sociometric Solutions
Dana Telsey, CEO and Chief Research Officer, Telsey Advisory Group LLC
Michael Samuelian, Vice President, Investment, Related Companies
 
12:15-1:30 PM: NETWORKING LUNCH (KMC, Room 1-100)

1:30-2:45 PM: GLOBAL REAL ESTATE INVESTING (KMC, Room 2-60)

Moderator: Lawrence White, Professor of Economics, NYU Stern

Michael Cochran, Senior Managing Director, Eastdil Secured
Barry Blattman, Senior Managing Partner, Brookfield Asset Management
Michael Levy, Managing Director, Morgan Stanley Real Estate
Brian Kim, Managing Director, Real Estate, The Blackstone Group, L.P.
 
2:45-3:15 PM: NETWORKING COFFEE BREAK (KMC, Outside Room 2-60)

3:15-4:30 PM: SINGLE FAMILY HOMES AS AN ASSET CLASS (KMC, Room 2-60)

Moderator: Stijn Van Nieuwerburgh, Professor of Finance and Director of the CREFR, NYU Stern

Steven Hentschel, Managing Director and Head of Real Estate Investment Banking, Gleacher & Company
Richard B. Saltzman, President, Colony Capital, LLC
Laurie A. Hawkes, President and Member of the Board of Directors, American Residential Properties
 
4:30-4:45 PM: SYMPOSIUM WRAP-UP & REAL ESTATE STUDENT AWARDS (KMC, Room 2-60)

Stijn Van Nieuwerburgh, Professor of Finance and Director of the CREFR, NYU Stern
 
4:45-6:00 PM: RECEPTION IN HONOR OF GRADUATING REAL ESTATE STUDENTS (KMC, Room 5-50)