NYU SPS 24Th Annual REIT Symposium Agenda
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24TH ANNUAL REIT SYMPOSIUM CONSOLIDATION & GROWTH IN TURBULENT TIMES WEDNESDAY, APRIL 3, 2019 • 7:30 AM TO 5:00 PM THE PIERRE • NEW YORK CITY KEYNOTE SPEAKER CONFIRMED SPEAKERS JAMES TAICLET ADDITIONAL SPEAKERS TO BE ANNOUNCED Chairman, President and Chief JANA COHEN BARBE, Partner, Dentons Executive Officer, American STUART BARR, Fried, Frank, Harris, Shriver & Tower Corporation Jacobson LLP Z. JAMIE BEHAR, Director, Shurgard Self Storage SA ONE-ON-ONES WITH MICHAEL J. BILERMAN, Citi DEBRA A. CAFARO JON E. BORTZ, Pebblebrook Hotel Trust Chairman and Chief Executive GEMMA BURGESS, President US Search Officer, Ventas Ferguson Partners Ltd. BILLY BUTCHER, KKR Real Estate Group KENNETH CAPLAN JAMES B. CONNOR, Duke Realty Corporation Global Co-Head of Real Estate GORDON F. DUGAN, Former CEO, Gramercy Blackstone Property Trust CONOR C. FLYNN, Kimco Realty Corporation BARRY S. STERNLICHT BONNIE S. GOTTLIEB, Nareit Chairman of Starwood Capital Group THOMAS A. GRIER, J.P. Morgan Securities GRETA GUGGENHEIM, Chief Executive Officer President and Partner, TPG Real Estate Finance Trust LUNCH WITH SAM ZELL LESLIE D. HALE, RLJ Lodging Trust SAM ZELL DANA HAMILTON, Senior Managing Director and Chairman, Equity Group Head of Real Estate, Pretium Investments RONALD L. HAVNER, Jr., Public Storage, PS Business Parks, Shurgard Europe CONFERENCE CHAIRS ELIZABETH I. HOLLAND, Chief Executive Officer and General Counsel, Abbell Associates, LLC ADAM O. EMMERICH JEFFREY D. HOROWITZ, Bank of America Merrill Lynch Partner, Wachtell, Lipton, Rosen & Katz ANDY JONAS, Goldman Sachs & Co. LLC JOHN KILROY, Kilroy Realty Corporation ROBIN PANOVKA MATTHEW J. LUSTIG, Lazard Partner, Wachtell, Lipton, JOEL S. MARCUS, Alexandria Real Estate Equities, Inc. Rosen & Katz GUY A. METCALFE, Morgan Stanley E. NELSON MILLS, Columbia Property Trust CONFERENCE HOSTS MARGUERITE NADER, Equity LifeStyle Properties, Inc. SAM CHANDAN, PhD, FRICS TIMOTHY J. NAUGHTON, AvalonBay Communities, Inc. Larry & Klara Silverstein Chair JEFFREY S. OLSON, Urban Edge Properties in Real Estate Development & MARK ORDAN, Quality Care Properties Investment and Associate Dean, MARK J. PARRELL, Equity Residential NYUSPS Schack Institute of SCOTT H. RECHLER ’90, RXR Realty Real Estate SHERRY L. REXROAD, BlackRock SCOTT L. ROBINSON ’98 GLENN RUFRANO, VEREIT Clinical Assistant Professor of MARTIN E. “HAP” STEIN, Jr., Regency Centers Real Estate & Director, REIT A. WILLIAM STEIN, Digital Realty Center Schack Institute of SUSAN SWANEZY, Partner, Hodes Weill & Associates Real Estate 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 OPPORTUNITIES Through 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 INQUIRIES For 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 SYMPOSIUM CONSOLIDATION & 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 CONFERENCE HOSTS LARRY A. SILVERSTEIN, Chairman, SAM CHANDAN, PhD, FRICS, Larry Silverstein Properties; Founder and & Klara Silverstein Chair in Real Chairman Emeritus, Advisory Estate Development & Investment Board, NYUSPS Schack Institute of and Associate Dean, NYUSPS Real Estate Schack Institute of Real Estate SCOTT L. ROBINSON ’98, Clinical ADVISORY BOARD CHAIR Assistant Professor of Real Estate & JAMES D. KUHN, President, Director, REIT Center Schack Brokerage Services Institute of Real Estate CONFERENCE CHAIRS ADVISORY BOARD VICE CHAIR ADAM O. EMMERICH, Partner, DAVID Z. HIRSH ’90, BLDG Tech Wachtell, Lipton, Rosen & Katz Ventures ROBIN PANOVKA, Partner, Wachtell, Lipton, Rosen & Katz NYU SCHOOL OF PROFESSIONAL STUDIES SUSAN GREENBAUM, EdD Interim Dean, NYU School of Professional Studies 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 TIMOTHY J. NAUGHTON, Chairman Director and Global Chairman of Real and Chief Executive Officer, Estate, Morgan Stanley [Moderator] AvalonBay Communities, Inc. JAMES B. CONNOR, Chairman and MARTIN E. “HAP” STEIN, JR., Chief Executive Officer, Duke Realty Chairman and Chief Executive Corporation Officer, Regency Centers LESLIE D. HALE, President and Chief Executive Officer, RLJ Lodging OWEN D. THOMAS, Chief Trust Executive Officer, Boston Properties RONALD L. HAVNER, JR., Chairman, Public Storage, PS Business Parks Shurgard Europe 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 GLENN RUFRANO, Chief Executive Head of Real Estate, Gaming & Officer, VEREIT Lodging Investment Banking, Managing Director, Bank of America A. WILLIAM STEIN, Chief Executive Merrill Lynch [Moderator]