Committee Initiatives

All CRE Finance Council members are encouraged to get involved in the activities of CREFC.  Below is a summary of the current activities of the many CREFC volunteers working toward the continued success of our association. We urge you to make the most of your membership in CRE Finance Council. 



Accounting Policy Committee

Chair:  Patricia A. Bailey, Principal Real Estate Investors

Staff Liaison:  Martin Schuh, Senior Director, Head of Government Relations

Purpose:  Reports on and comments on, when appropriate, the projects and activities of the Federal Accounting Standards Board (FASB).

Closed Committee


Audit Committee

Chair:  Daniel Bober, Wells Fargo

Staff Liaison:  Michael Flood, Deputy Executive Director

Purpose:  Oversees any audit of CRE Finance Council's books and records, including determining the necessity, frequency and scope of audits, and approving the selection, retention, termination and compensation of an accounting firm to perform such audits; shall take appropriate actions to promote a system of internal controls relating to CMSA’s financial books and records, including retaining an accounting firm to formally review such controls; consider from time to time the appropriateness and adequacy of CRE Finance Council's accounting policies and procedures; and the required skill sets of the external accountants engaged by CRE Finance Council; report the results of audits and control reviews to the Board of Governors; report the Committee’s activities to the Board of Governors at least annually; update the scope of the Committee’s responsibilities on an as-needed basis.

Closed Committee


CRE Finance World Editorial Board

Editor-in-Chief:  Paul Fiorilla, Yardi Systems
Publisher:  Joseph Philip Forte, Kelley Drye
Co-Managing Editors:  Krystyna Blakeslee, Dechert LLP & Victor Calanog, Reis

Staff Liaison & Publication Manager:  David McCarthy, Director, Industry and Policy

Purpose:  The Editorial Board sets the editorial policy, solicits, reviews, selects and edits articles for publication in CRE Finance World.


Education Committee & Subcommittees

Co-Chairs:  Stephanie Petosa, Fitch Ratings & Donald Sheets, AlumCreek Holdings LLC

Staff Liaison:  Sara Elkas, Senior Manager, Education

CMBS 101, 201, 301

Purpose:  The Education Committee recently updated the old CMBS 101 class series with the latest industry information. We are now offering the program at least once a quarter in multiple cities across the U.S.  We have also turned this into CREFC’s first online program which will be available for purchase in the summer of 2016.

CREFC E-Primers

Purpose:  Following the success of the updated E-Primer roll out in 2013, the Education Committee expanded the E-Primer’s content further than CMBS-centric content, while putting in place a framework that will help keep the existing content refreshed on a periodic basis. The new edition of the CMBS E-Primer can be purchased online here.

CREFC Young Professionals Program

Purpose:  The CREFC YP Program was established in 2014 with a mission to provide the premier platform for young CRE finance professionals to foster meaningful business relationships, gain relevant and timely industry knowledge and receive expert advice through networking events, education seminars and panels and mentoring/mentee opportunities. Today, over 1,500 Young Professionals comprise this program, actively forming their own educational programs and networking events.

Research/Surveys

Purpose:  The primary goal of the research working group within the education committee is to seek input from existing members, market participants and stakeholders as to their current & future CRE lending educational needs. The focus of the research working group will be to identify a potential educational framework based on identified needs, existing industry educational programming and areas for development consideration. It is anticipated that the research working group will look to gather information & report to the Education Committee its findings.


Investor Reporting Package Committee

Co-Chairs:  Leslie Hayton, Wells Fargo Bank & Heather Wagner, Midland Loan Services

Staff Liaison:  David McCarthy, Director, Industry and Policy

Purpose:  Responsible for the continuing updates to the CRE Finance Council Investor Reporting Package®.

Schedule AL Subcommittee

SEC Compliance Date: November 23, 2016

Co-Chairs:  Leslie Hayton, Wells Fargo Bank & Kathleen Olin, CWCapital 


Membership Committee

Chair:  Nik Chillar, Western Alliance

Staff Liaison:  Meghan Roberts, Manager, Sponsorship and Marketing

Purpose:  Aims to maximize and expand membership and to encourage member dialogue. The goal is to maximize the value of membership by assuring that all commercial real estate finance participants are involved in CRE Finance Council.

Initiatives: Focus on our current members to make sure that they are satisfied with their membership in CRE Finance Council and that they remain (or become) engaged in our activities. Work to expand membership to embrace all constituencies within the commercial real estate finance space.

Closed Committee


Nominating Committee

Chair:  Greg Michaud, Voya Investment Management

Staff Liaison:  Davine Henry, Manager, Accountant & Database

Purpose:  Responsible for the orderly and appropriate nomination of Officers and Governors. The Immediate Past President shall chair the Nominating Committee. The other members shall be the President, the President-Elect and four (4) additional Board members recommended by the Executive Committee and appointed by the Board of Governors. The Nominating Committee shall solicit nominations for the offices of President-Elect, Vice President, Secretary. Treasurer and Chair of the Policy Committee and for any pending vacancies on the Board of Governors from CREFC Members. The Nominating Committee shall provide with its solicitations for nominees the threshold requirements for officer qualifications.

Closed Committee


PAC Advisory Committee

Co-Chairs:  Richard D. Jones, Dechert & Jan Sternin, Berkadia

Staff Liaison: Martin Schuh, Senior Director, Head of Government Relations

Purpose:  Working to establish a well funded PAC to ensure an effective and robust voice in Washington, by maintaining the relationships we need to stay engaged at every level of the political debate. Also provide events at our conferences for PAC contributors to raise awareness of the PAC.

Links:

PAC Information & Contribution
Government Relations Priorities


Policy Committee

Chair:  Brian Olasov, Carlton Fields

Staff Liaisons: Martin Schuh, Senior Director, Head of Government Relations & Christina Zausner, Senior Director, Head of Industry and Policy Analysis

Purpose:  To proactively identify issues facing the commercial real estate finance industry and to determine how CRE Finance Council should approach these issues. To review on an ongoing basis potential issues including those related to the legislative and regulatory arena and to assist in the development of policy positions on these issues.

Closed Committee


Programming Committee

Chair:  Kim Diamond

Staff Liaison:  Nina Wickerson, Senior Manager, Programming

Closed Committee


Servicers Forum Initiatives

Chair:  Kathleen Olin, CW Capital

Staff Liaison:  David McCarthy, Director, Industry and Policy

Sub-Committees:

Performing Loan Borrower Consent Requests Standardization Working Group

Chair:  Audrey Ellis, Bilzin Sumberg

Purpose:  Develop underwriting and legal guidelines best practices with respect to borrower consent requests for CMBS performing loans.

Winding Down CMBS Trusts Working Group

Co-Chairs:  Wm. Dugger Schwartz, Midland Loan Services/PNC, Jill Brittin, Berkadia & James Macmillan, Deutsche Bank

Purpose:  Determine the best practices for winding down a CMBS trust.

Borrower Satisfaction Working Group

Purpose:  Identify friction points between borrowers and CMBS service providers, and establish working groups to develop best practices and create a uniform borrower experience throughout the loan life cycle.


Young Professionals Steering Committee

Co-Chairs:  Victor Amoo, Basis Investment Group & Cecelia Riesenberg, Rialto Capital Management

Staff Liaison:  Sara Elkas, Senior Manager, Education

Purpose:  The CREFC YP Program was established in 2014 with a mission to provide the premier platform for young CRE finance professionals to foster meaningful business relationships, gain relevant and timely industry knowledge and receive expert advice through networking events, education seminars and panels and mentoring/mentee opportunities.  Today, over 1,500 Young Professionals comprise this program, actively forming their own educational programs and networking events.

Sponsorship:
Co-Leaders: Michael Atkins, Old Republic National Title Insurance Company & Shira Levy, Barclays Bank PLC
Seek and coordinate with firms and/or individuals to host/sponsor educational events.

Outreach/Recruitment:
Co-Leaders: Rachel Hunter, Apollo Global Management & Mary Wang, Situs
Develop and execute various ways of awareness to increase YP membership.

Event Planning:
Co-Leaders: Ryan Morrell, Moody’s Investors Service & Nate Morris, Barclays Bank PLC
Logistical planning for quarterly networking oriented events.

Education:
Co-Leaders: Victor Amoo, Basis Investment Group & Cecelia Riesenberg, Rialto Capital Management
Develop ideas and decide topics of focus for various CREFC YP events and coordinate efforts to market educational material to CREFC YP.