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2010 Spring Chairman's Forum

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2010 Spring Chairman's Forum Real Estate Executive Council The Rittenhouse Hotel Philadelphia, Pennsylvanina 2010 Spring Chairman’s Forum REAL ESTATE EXECUTIVE COUNCIL 2010 SPRING CHAIRMAN’S FORUM APRIL 29 – 30, 2010 THE RITTENHOUSE HOTEL 210 W. Rittenhouse Square Philadelphia, PA 19103 (215) 546-9000 Thursday, April 29, 2010 2:00 – 5:00PM REEC BOARD MEETING (Board Members Only) The Rittenhouse Hotel (Boardroom I) 210 W. Rittenhouse Square, Philadelphia, PA 19103, (215) 546-9000 6:00 – 8:30PM REEC DINNER (REEC Members & Invited Speakers Only) Lacroix Restaurant (Lily’s Café) 210 W. Rittenhouse Square, Philadelphia, PA 19103, (215) 790-2533 Keynote Speaker: Benjamin Todd Jealous, President & Chief Executive Officer, National Association for the Advancement of Colored People (NAACP) 8:30 – 10:00PM COCKTAIL RECEPTION (REEC Members & Invited Guests) Boathouse Row Bar (at The Rittenhouse Hotel) 210 W. Rittenhouse Square, Philadelphia, PA 19103, (215) 546-9000 Friday, April 30, 2010 7:30 – 8:30AM CONTINENTAL BREAKFAST The Rittenhouse Hotel (Cassatt Tea & Garden Room) 8:30 – 8:45AM WELCOME & OPENING REMARKS The Rittenhouse Hotel (Parkview Room) Quintin E. Primo III, Chairman & Chief Executive Officer, Capri Capital Partners, LLC, and Amachie K. Ackah, Managing Partner, Argosy Real Estate 8:45 – 9:45AM MACROECONOMIC REAL ESTATE OVERVIEW Peter Linneman, Phd., Principal – Linneman Associates; Albert Sussman Professor of Real Estate, Finance & Public Policy - Wharton School of Business, The University of Pennsylvania 9:45 – 10:00AM Break 10:00 – 10:45AM A FIRESIDE CHAT: DIVERSITY & EMERGING MANAGERS – REAL ESTATE FUND MANAGEMENT BUSINESS Alan R. Braxton, Managing Partner, Presidio Partners, LLC, and Marjorie Tsang, Assistant Comptroller, New York State Common Retirement Fund 10:45 – 11:00AM Break 11:00AM – 12:00PM REALITY OF MODERN DAY PHILADELPHIA: A CASE STUDY OF THE CHALLENGES OF URBAN ECONOMICS & REDEVELOPMENT Michael A. Nutter, Mayor, City of Philadelphia 12:00 – 12:15PM Break 12:15 – 1:15PM LUNCHEON Smith & Wollensky (at The Rittenhouse Hotel) Keynote Speaker: Kevin L. Boyce, Treasurer, State of Ohio 1:15 – 1:30PM Break 1:30 – 2:30PM ANALYZING THE DISTRESSED REAL ESTATE MARKET Moderator: Kenneth A. McIntyre, Jr., Managing Director, MetLife Panelists: Josh Scoville, CFA, Director of Strategic Research, Property & Portfolio Research, and Ivy Zelman, Chief Executive Officer, Zelman & Associates 2:30 – 3:30PM A SNAPSHOT OF GOVERNMENT STABILIZATION PROGRAMS Moderator: Richmond S. McCoy, President & Chief Executive Officer, UrbanAmerica Advisors, LLC Panelists: Odis Jones, Director-Urban & Site Development, NJ Economic Development Authority, and Lionel Lynch, Special Assistant for Housing, U.S. Department of Housing & Urban Development 3:30PM CLOSING REMARKS Quintin E. Primo III, Chairman & Chief Executive Officer, Capri Capital Partners, LLC GUEST SPEAKERS AND PANELISTS BIOGRAPHIES Kevin L. Boyce Treasurer State of Ohio The Honorable Kevin L. Boyce was sworn in as the 47th Treasurer of the State of Ohio on January 7, 2009. As Treasurer, Boyce is committed to improving Ohio’s financial future and ensuring Ohioans’ tax dollars are strategically invested and protected. In addition to the role of State Treasurer, Boyce serves as Chair of the Ohio Complete Count Committee, where he leads the effort to raise public awareness of the 2010 Census. Boyce also serves as Chairman of the National Association of State Treasurers (NAST) Financial Literacy Committee. In this capacity, he guides the financial education components of treasuries around the nation, and provides advice for the development of NAST financial literacy programs. Prior to his appointment as Treasurer, Boyce served eight years as a member of the Columbus City Council. The final three years of his tenure, he was elected President Pro Tempore and served as Chairman of the Public Finance Committee. During his tenure on Council, Boyce established a record of fiscal integrity, performance based budget practices, and oversaw the adoption of the city’s $1.3 billion dollar annual budget. He also founded the Columbus Youth Commission, advocated for stronger civil rights laws, and championed job creation strategies that led to the creation or retention of over 20,000 jobs in central Ohio. In addition to Columbus City Council, Boyce served as Executive Director of KnowledgeWorks Ohio--a non-profit organization created with the mission of improving Ohio’s school systems through public development and advocacy. Boyce served as Chief of Staff for the Ohio House of Representatives’ Democratic Caucus under Minority Leader Jack Ford, was Executive Director of the Ohio Legislative Black Caucus, and directed youth programs in the City of Toledo under Mayor Carleton Finkbeiner. Boyce has received many awards and honors, some of which include: Ebony Magazine’s National Award “30 Leaders Under 30”; the National Council of Negro Women’s Community Service Award; selected as a delegate to Switzerland by the American/Swiss Foundation to study international banking issues; the Outstanding Public Service Award from the Omega Psi Phi Fraternity; served as a delegate to the 2004 and 2008 Democratic National Conventions; selected as one of the United States Delegates to South Africa for the American Council of Young Political Leaders; and was honored in 2009 by Wilberforce University with an Honorary Doctor of Humane Letters degree for his distinguished career in public service, commitment to community, and dedication to higher education. In addition, Boyce has been recognized by the State of Israel for his leadership and support of Israel Bonds. Boyce earned a Bachelor’s Degree in Political Science from the University of Toledo and a Master’s Degree in Public Administration from Central Michigan University. Benjamin Todd Jealous President & Chief Executive Officer National Association for the Advancement of Colored People (NAACP) Benjamin Todd Jealous grew up believing that there was no higher calling than to further the cause of freedom in this country and in the world. This is a mindset he inherited from of his parents and grandparents. Their drive for community betterment blazed the trail for Jealous’ own deep commitment to social justice, public service and human rights activism. Now, as the 17th President and Chief Executive Officer of the NAACP, and the youngest person to hold the position in the organization’s nearly 100-year history, Jealous is well positioned to answer the call. During his career, he has served as president of the Rosenberg Foundation, director of the U.S. Human Rights Program at Amnesty International and Executive Director of the National Newspaper Publishers Association (NNPA), a federation of more than 200 black community newspapers. From his early days of organizing voter registration drives up until his nomination and election as NAACP president, Jealous has been motivated by civic duty and a constant need to improve the lives of America’s underrepresented. Odis Jones Director, Urban & Site Development NJ Economic Development Authority (EDA) Odis Jones’ objective is to stimulate investment in New Jersey’s urban areas by providing businesses and community development organizations with the financial and technical tools they need to grow and revitalize neighborhoods. He also oversees two Urban Fund opportunities in excess of $200 million as well as other incentive platforms such as the State Brownfield reimbursement grant, Economic Recover Grant (ERG), NJAccess Food Initiative, and the Urban Transit Hub Tax Credit program. Jones brings to the EDA an extensive and distinguished background in the field of real estate development, urban redevelopment, and municipal government. He came to the EDA in February 2008 after serving as President of Apple Development Company, a land development company. There he managed successful retail and residential land development projects primarily in the Columbus, Ohio, Florida, Nashville, TN and Charlotte, NC markets. With anchor tenants such a Centex Homes, Ryan Homes, Dominion Homes, Kroger’s grocery, Giant Eagle, Wal-Mart, Target, Bass Pro Shop, Lowes, and Home Depot. Jones founded Apple Development in 2006 after serving as a leading community development expert within Central Ohio where he served as both the President of the Columbus Urban Growth Corporation and as President of the Big Walnut Improvement Corporation. During these capacities he repositioned real estate assets resulting in the development & construction of over six million square feet of space with anchor tenants such a Time Warner Corporate office, and Good Year Tire Corporation. Prior to joining the real estate ranks Jones also served as City Manager for several Cities within the Midwest where he received several accolades and awards for his successful management & development of municipal operations. Jones has been honored as the “Public Sector Developer of the Year” by the Mid Ohio Development Exchange, which represents the Columbus metropolitan area. He also was recognized as a “Leading Executive” with the Columbus, Ohio Region by Business First, a Columbus business publication, and with a “40 and Under Executive of the Year” award for the Columbus metropolitan area. He also has been a recipient of a State of Michigan Achievement Award for implementing a model workforce development program known as Breaking Through the Barriers. A native of Michigan who currently resides in New Jersey, Jones holds a Master of Arts degree from Western Michigan University and a Bachelor of Science degree from Central
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