THE YOUNG JEWISH PROFESSIONALS REAL ESTATE INVESTMENT SUMMIT 2011 WEDNESDAY SEPTEMBER 14, 2011
1 Real People Real Passion Real Commitment Real Estate Arts
Celebrating 10 years of building brands and marketing properties for the biggest and best names in Real Estate.
Michael Goodgold + Branding +1 212 226 3300 [email protected] + Design realestatearts.com + Interactive 2 THE YOUNG JEWISH PROFESSIONALS REAL ESTATE Real People Real Passion INVESTMENT Real Commitment SUMMIT 2011 Real Estate Arts THE CHELSEA PEARL WEDNESDAY SEPTEMBER 14 , 2011
MODERATOR Bruce S. Cybul Partner, Schulte Roth & Zabel LLP PANELISTS Gary Barnett CEO, Extell Development
Matt Bronfman President, Jamestown Properties
Neil Rubler President & CEO, Vantage Properties
Michael Goodgold + Branding Adam Schwartz +1 212 226 3300 Managing Partner, Angelo, Gordon & Co. [email protected] + Design realestatearts.com + Interactive 3 YOUNG JEWISH PROFESSIONALS STELLAR STANDARDS
The Young Jewish Professionals (YJP) is a grassroots organization dedicated to the creation and advancement of social and business opportunities for New York City’s young DQG-HZLVKSURIHVVLRQDOV5HJXODUO\RUFKHVWUDWLQJKLJKSUR¿OHVRFLDOHYHQWVDQGHYHQLQJV attended by hundreds of New York’s Jewish socialites, the YJP’s stellar standards have come to be recognized as trend setters and forerunners of the entire New York Jewish social scene. The YJP has also acquired a space and art gallery in the heart of Chelsea, where young Jews in their 20’s and 30’s can meet in a welcoming, congenial, stylish and relaxed setting. We serve as a hub for social, professional networking and cultural events for Jews of all backgrounds to foster personal growth, social change, and communal connection. Our platform provides the ability and opportunity for young professionals to participate in strengthening the Jewish community through involvement, hands-on volunteering and SKLODQWKURS\LQ1HZ 4 YOUNG JEWISH PROFESSIONALS REAL ESTATE The YJP Real Estate Division was launched in July 2009 to a sold out crowd of 400 real estate professionals and has since gained constant popularity for its stellar, informative HYHQWV2XUHYHQWVDUHDK\EULGRIDQHQMR\DEOHVRFLDOVFHQHDVZHOODVKLJKSUR¿OHUHDO estate panels. From the likes of Lloyd Goldman and Stephen Siegel to Stanley Chera and Steve Witkoff, we always present an A-list group of Panelists. We’re here to provide a platform for young professionals to advance their careers in Real Estate and connect with new friends and business associates in their related industries. After all, we never know where the next piece of business may come from. 5 MODERATOR BRUCE S. CYBUL PARTNER SCHULTE ROTH & ZABEL LLP %UXFH 6 &\EXO LV D SDUWQHU LQ WKH 1HZ Bruce has been cited as a leading real estate lawyer in numerous professional listings and industry surveys, including Chambers USA and The Legal 500 United States; Madison Who’s Who, New York Super Lawyers and The Best Lawyers in America. He is a sought-after speaker who recently presented “Distressed and Troubled Real Estate Loans” at the New York State Bar Association’s Advanced Real Estate Practice conference, participated in the SRZ webinar “Real Estate Mezz Loans: What You Need to Know” and participated in “Commercial Real Estate in a Post- Recession Era,” a GlobeSt.com and SRZ webinar. 6 Bruce is a long-time member of the Section on Real Property, Probate and Trust Law of the American Bar Association, the New York State Bar Association and the New York City Bar Association. He received his B.A. from Hobart College and his J.D. from Washington University School of Law. 7 HONOREE KENNETH ASCHENDORF C0-FOUNDER APF PROPERTIES He is the co-founder of APF Properites, and established this real estate investment company. Current portfolio includes six major 0DQKDWWDQ RI¿FH EXLOGLQJV WZR 3KLODGHOSKLD RI¿FH EXLOGLQJV DQGDSRUWIROLRRIQLQHRI¿FHEXLOGLQJVLQ*HUPDQ\ZLWKFXUUHQW evaluation in excess of US $600 million. Primary responsibility for management and leasing of all holdings of APF Properties. Handling investment sales for whole portfolio. He received Bachelor of Science degree, in Management Science from New York University in October 1985. 8 HONOREE ANDREW BARROCAS CEO MNS Andrew currently oversees more than a billion dollars in real estate. He has managed, trained, recruited and worked with New York’s top agents and brokers. A graduate of the WP Carey School of Business at ASU, he was one of the Top 30 Brokers Under 30 featured in the Real Deal. Andrew brings a stellar track record to MNS, which he has grown to over 125 people in 5 years. He also serves as a licensed teacher of real estate brokers and sales. 9 HONOREE PERRY M. FINKELMAN PARTNER AND MANAGING DIRECTOR AMERICAN DEVELOPMENT GROUP With over 30 years of experience as a leader in real estate PDQDJHPHQWPDUNHWLQJ¿QDQFHLQYHVWPHQWDQGGHYHORSPHQW Perry M. Finkelman is a Partner and Managing Director of the American Development Group. Mr. Finkelman has successfully EXLOWDQGPDQDJHGRI¿FHLQGXVWULDODQGUHWDLOSURMHFWVWKURXJKRXW the New York Metropolitan region; additionally, he has created over 3,000 apartments. Furthermore, Mr. Finkelman is a Partner and Managing Director of Automotion Parking Systems -- a high-technology company ZKLFKGHYHORSVDXWRPDWHGKLJKHI¿FLHQF\SDUNLQJZDUHKRXVHV Perry M. Finkelman graduated from the Bernard M. Baruch College of the City of New York and is on the Board of Directors of numerous organizations, including the Long Island Division of the Jewish National Fund, State of Israel Bonds, Yeshiva Har Torah, and The Jewish Children’s Museum. He also created a private mentoring relationship for Autistic children with local artists who have found their “voice” through artistic outlets. 0U )LQNHOPDQ LV DQ ([HFXWLYH &HUWL¿HG 3URSHUW\ 0DQDJHU &30 DI¿OLDWHGZLWK/DQJVDP3URSHUW\6HUYLFHVDQ$02 organization, and a Registered Apartment Manager (RAM). 2WKHU SURIHVVLRQDO DI¿OLDWLRQV LQFOXGH WKH 5HQW 6WDELOL]DWLRQ Association, Community Housing Improvement Program (CHIP), Associated Builders and Owners, Bronx and Manhattan North Board of Realtors, Long Island Board of Realtors, and 1<6 (QHUJ\ (I¿FLHQW %XLOGLQJ $VVRFLDWLRQ $GGLWLRQDOO\ 0U Finkelman was the Chapter President of the Institute of Real Estate Management for Long Island from 1992 to 1996. 10 HONOREE BERNDT PERL CO-FOUNDER APF PROPERTIES LLC Cofounder of APF Properties in New York, New York. Established this real estate investment company. Current portfolio includes VL[PDMRU0DQKDWWDQRI¿FHEXLOGLQJVWZR3KLODGHOSKLDRI¿FH EXLOGLQJVDQGDSRUWIROLRRIQLQHRI¿FHEXLOGLQJVLQ*HUPDQ\ with current evaluation in excess of US $600 million. Primary UHVSRQVLELOLW\IRUGHEW¿QDQFLQJDQGUHODWLRQVKLSVZLWKEDQNV and investors, acquisition of new properties, and management of properties located in Pennsylvania. Degree of Master in Business Administration from Harvard Graduate School of Business Administration. General Management Curriculum with emphasis on Finance and International Business. Second-year honors student. Received Bachelor of Science degree from Duke University, magna cum laude, in Management Science and Accounting in two and a half years. Academic honors included Dean’s List, Class Honors, and election to the Honorary Society Phi Eta Sigma. 11 PANELISTS GARY BARNETT CEO EXTELL DEVELOPMENT Gary Barnett is President and founder of Extell Development Company, a full-service real estate developer of residential, commercial and hospitality properties. Extell is one of Manhattan’s most active developers, and has owned and developed a portfolio in excess of 20 million square feet. Among Extell’s current projects are: the development of Riverside South, a vibrant new neighborhood on the Upper West Side, which when complete will include more than 7,000 new homes, retail plazas, restaurants, parking and 21 acres of parkland; the International Gem Tower, a 700,000 square- IRRW RI¿FH EXLOGLQJ LQ 1HZ Other notable Extell projects include: 535 West End Avenue; The Lucida, on The Upper East side; The Belnord, a landmark, residential building on Manhattan’s Upper West Side, the W Hotel in Times Square; the master renovation of The Stanhope KRWHO DW WK $YHQXH LQWR KDOI DQG IXOO ÀRRU OX[XU\ residences and the InterContinental Hotel overlooking the Boston Harbor. 12 Prior to a career in real estate, Mr. Barnett worked internationally in the diamond industry. In the early 90s, he recognized the potential of the real estate market in the U.S. and New York City in particular. With the support of several business associates, Mr. Barnett began acquiring real estate assets throughout the country and formed what is known today as Extell Development Company. A born-and-bred New Yorker, Gary received his Bachelor of Arts degree in math from Queens College and a Master’s in Economics from Hunter College. 13 PANELISTS MATT BRONFMAN PRESIDENT JAMESTOWN PROPERTIES Matt Bronfman is Managing Director and President of Jamestown, a real estate investment and management company based in Atlanta. Jamestown has acquired over $8 billion of real estate in the last ten years, with a focus on strong urban markets such as New York, San Francisco and D.C. Notable Jamestown assets include One Times Square DQG&KHOVHD0DUNHWLQ1HZ Mr. Bronfman graduated from Tufts University in 1988, Summa Cum Laude and Phi Beta Kappa. He then attended Northwestern University Law School and graduated Magna Cum Laude. After clerking for a Federal Appellate Judge, he MRLQHG WKH ODZ ¿UP RI +ROODQG .QLJKW LQ $WODQWD *HRUJLD where he practiced real estate and corporate law. He joined Jamestown in 1998. Mr. Bronfman is very active in the community, serving on several boards including the Jewish Federation of Greater Atlanta. Mr. Bronfman lives in the Morningside neighborhood of Atlanta with his wife, Ronit Walker, and their three children. 14 PANELISTS NEIL RUBLER PRESIDENT AND CEO VANTAGE PROPERTIES $V WKH IRXQGLQJ 3UHVLGHQW DQG &KLHI ([HFXWLYH 2I¿FHU RI Vantage, Neil Rubler has assembled one of the largest multi- family portfolios in the New York area comprising hundreds of properties and over 11,000 units. Vantage is currently also actively pursuing multi-family acquisitions in the mid-Atlantic region and other key housing markets. Mr. Rubler serves on the Executive Committee of the Wharton Real Estate Center, the Executive Committee of the Association for a Better New York, the Board of Directors of the Real Estate Board of New York, and the Board of Directors of the Rent Stabilization Association. 15 PANELISTS ADAM SCHWARTZ MANAGING PARTNER ANGELO, GORDON AND CO. Adam Schwartz is the head of Angelo, Gordon’s United States/Europe real estate group. He joined Angelo, Gordon in 2000 and has been directly responsible for, or overseen, in H[FHVVRIELOOLRQRIUHDOHVWDWHDVVHWVDWWKH¿UP$GDPKDV VLJQL¿FDQWH[SHULHQFHLQWKHDFTXLVLWLRQDQGUHSRVLWLRQLQJRIDOO SURSHUW\W\SHV3ULRUWRMRLQLQJWKH¿UP$GDPZRUNHGLQWKH acquisitions group at Vornado Realty Trust, a public real estate investment trust. His work focused on the acquisition of public and private real estate companies in addition to single asset acquisitions. Adam received a B.A. degree from the University of Pennsylvania. 16 17 1601 MARKET STREET AFP PROPERTIES LLC 18 28 WEST 44TH STREET AFP PROPERTIES LLC 19 148 EAST 24TH STREET AMERICAN DEVELOPMENT GROUP 20 148 EAST 24TH STREET AMERICAN DEVELOPMENT GROUP 21 22 23 PAST EVENTS 24 PAST EVENTS 25 CONGRATULATIONS An extraordinary organization deserves the dedication and support of extraordinary people. Congratulations to all of tonight’s honorees and to all those who are dedicated to the YJP and its outstanding mission. We are honored by their dedications and salute them for their accomplishments. Mazal Tov! Bruce S. Cybul 26 CONGRATULATIONS With great appreciation to tonight’s panelists for their dedication to the next generation of Jewish business leaders Gary Barnett Matt Bronfman Bruce S. Cybul Neil Rubler Adam Schwartz 27 CONGRATULATIONS YJP Congratulates Berndt Perl of AFP Properties, LLC With the Real Estate Investment Award His keen foresight and legacy of smart investments has made him a leader at staking out future boons. With an impressive portfolio of Real Estate spanning New York and Germany, he will remain forging industry inroads at home and abroad. We wish him continued excellence in foreseeing the diamonds in the rough before anyone else does. Wishing you and APF much Mazal in all that you do! 28 CONGRATULATIONS The YJP is Proud to Honor Andrew Barrocas of MNS With the Real Estate Entrepreneur Award Being an industry wunderkind, Andrew is a quintessential example of New York entrepreneurial boldness and a consummate deal-maker. His brilliant strategy, tireless energy, and yearn to be a self-made businessman has placed him at the forefront of the trade, leading him to oversee over a billion dollars of Real Estate to date. Andrew does not look for opportunity - he creates it. We congratulate you on consistently being named a top player within the real estate community. Congratulations! 29 CONGRATULATIONS The YJP Proudly Honors Perry M. Finkelman of American Development Group With the Real Estate Development Award In recognition of developing quality buildings of the highest standards and consistently raising the bar in the real estate development community. Wishing you much success in your latest development ONE48 East 24th Street! 3HUU\¶VLQFUHGLEOHFDUHHUH[HPSOL¿HV balancing personal professional growth while fostering community outreach. On the Board of numerous organizations, Mr. Finkelman has done much good for the community including creating a private mentoring relationship for Autistic children with local artists who have found their “Voice” through artistic outlets. In addition, Perry has created over 3,000 apartments in the New York Metropolitan area enhancing and expanding the greatest city in the world. May you create another 3,000 opportunities in the coming years! 30 $*& !$*'( &%*)! )%)* # $#"# $*& !$*'( '**&%# *& *' ) %)("" )* '% &( )( ")(!)( '*&% $*'( * )( )( # '( '& 32 33 34 Greenberg Traurig proudly supports Young Jewish Professionals for their dedication to the new generation of Jewish business leaders Robert J. Ivanhoe MetLife Building | 200 Park Avenue New York, NY 10166 212.801.9200 | www.gtlaw.com [1800 ATTORNEYS IN 32 LOCATIONS° | SELECTED AS THE 2007 USA LAW FIRM OF THE YEAR, CHAMBERS GLOBAL AWARDS] Greenberg Traurig is a service mark and trade name of Greenberg Traurig, LLP and Greenberg Traurig, P.A. ©2011 Greenberg Traurig, LLP. Attorneys at Law. All rights reserved. °These numbers are subject to fluctuation. §Greenberg Traurig was selected by Chambers and Partners as USA Law Firm of the Year, 2007. 11270 35 Meridian Capital Group, LLC Relationship Driven. proudly advised on financing for Execution Focused. the following transaction: U.S. Steel Tower Only Meridian Capital Group’s powerful 600 Grant Street !nancing relationships can consistently MeridianPittsburgh, Capital PA Group, LLC Relationship Driven. proudly advised on financing for achieve the unparalleled results our the following transaction: Executionclients require. Focused. $220,000,000 U.S.Acquisition Steel FinancingTower Only Meridian Capital Group’s powerful 600 ThisGrant transaction Street was negotiated by: !nancing relationships can consistently Pittsburgh,Ralph PA Herzka, Chief Executive Officer achieve the unparalleled results our Rael Gervis, Managing Director clients require. $220,000,000 36 Acquisition Financing 1 Battery Park Plaza New York, NY 10004 | 212 972 This3600 transaction | www.meridiancapital.com was negotiated by: Ralph Herzka, Chief Executive Officer Rael Gervis, Managing Director Compliments of Wonder Works 18 West 21st New York, NY 10011 212 465 8455 www.wonderworkscorp.com 37 proudly supports The Young Jewish Professionals of New York Check out our website at Observer.com/Commercial and sign up for our newsletter, Commercial Observer NOW at Observer.com/COsignup 38 7+( %(67 /2&$7,216 +$9( 21( 1$0( ,1 &20021 ([FOXVLYH$GYLVRUWRWKH:RUOG·V/HDGLQJ/X[XU\%UDQGVDQG'HVWLQDWLRQV )LIWK$YHQXH1HZ 39 HOSTS CMO Michael Goodgold EXECUTIVE COMMITTEE Ross Berman Greg Corbin Levi Eichenstein Dovid Spector Justin Sutter EVENT COORDINATOR Shanna Israel COMMITTEE Oren Alexander Caroline Fuchs Gabe Amzallag Elie Gabay Robert Bagdadi David Gindin Taliya Bashani Brian Gutman Elliot Baum Elan Hakimian Adam Belfer Dan Herdoon Elsa Ben-Shimon Eric Jacobov Bill Bernstein Bryan Jonas Ilan Bruhim David Kessler Chadwick Castle Joe Koicim Nicoletter Cohen Malaika Martin Adam Doneger Michael Mintz Ryan Elazari Jordan Preston Eran Elhananni Shari Reimer Alex England Alyssa Sandman Josh Fensterstock Eleonora Srugo Todd Fisher Robert Zalkin Robert Friedman Jordan Zelniker 40 EXPERIENCE. BREADTH. FLEXIBILITY. 42 See the possibilities Schulte Roth & Zabel LLP has significant experience representing investors and developers in the acquisition and development of real estate — single-asset or multi-property, developed or undeveloped, commercial or residential — as well as handling loan and capital markets transactions for both lenders and owners. We also have a successful track record representing clients in troubled financing deals and bankruptcy situations. For further information contact: Bruce S. Cybul, Partner 919 Third Avenue, New York, NY 10022 +1 212.756.2550 | [email protected] New York | Washington, DC | London www.srz.com The contents of these materials may constitute attorney advertising under the regulations of various jurisdictions. Proudly Supports the YJP. Designed by REA www.realestatearts.com 44 www.yjpnewyork.org