Commercial Real Estate Finance Summit - West



Commercial Real Estate Finance Summit - West


CRE Finance Council is pleased to announce the Commercial Real Estate Finance Summit - West. This year’s Summit - West will be held on May 8th and 9th and hosted at the Fairmont Miramar Hotel in Santa Monica, CA.  The two-day event will explore the current state of commercial real estate finance with a focus on the west coast.  The industry’s leading investors, lenders, and brokers will discuss the CRE debt markets across the funding spectrum from balance sheet and CMBS to non-bank private lenders.  National trends in the capital markets, including what is different about today’s CLOs, will be addressed and the latest updates on the regulatory and tax front as they impact CRE will be provided.  

Sponsorship opportunities for this event are sold out.


Thank You to Our Summit Sponsors


Lead Sponsor: CapitalSource

CapitalSource’s Real Estate Group works with real estate developers and investors nationwide seeking loans for building ground-up construction, renovating and leasing, completing an adaptive re-use, and bridge financing transactions. CapitalSource, is a division of Pacific Western Bank, a Los Angeles-based commercial bank that has $25 billion in assets and 77 full-service branches located throughout the state of California. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.capitalsource.com.


Commercial Real Estate Finance Summit - West Leadership

Summit Co-Chairs:
Nik Chillar, Principal, Crescit Capital Strategies
William O’Connor, Partner, Thompson & Knight LLP

Planning Committee:
David Barksdale, Partner, Loeb & Loeb LLP
James GosseManaging Partner, Oakhurst Capital Advisors, LLC
David Hammerman, Vice President, Originations and Debt Capital Markets, Mack Real Estate Group
David Harrison, Senior Vice President, PNC Real Estate/Midland Loan Services
Jordan May, CMBS Investments, Prime Finance    
Debra Morgan, Managing Partner, BlackEagle Real Estate Partners 
Michael Payton, Associate, ACORE Capital 
Mark C. Ritchie, Principal, Newmark Realty Capital, Inc. 
Mark Zytko, Co-Founder, Mesa West Capital

Program - Tuesday, May 8, 2018

Registration
11:00am - 5:00pm
Starlight Foyer

Networking Luncheon
11:30am - 12:30pm
Wedgewood Ballroom

Welcome Remarks
12:30pm - 12:50pm
Starlight Ballroom

Lisa Pendergast, Executive Director, CRE Finance Council

Changes in the Real Estate Landscape
12:50pm - 1:40pm
Starlight Ballroom

Moderator:
Nik ChillarPrincipal, Crescit Capital Strategies

Panelists:
Brian D. Bailey, CCIM, CRE, Subject Matter Expert, Commercial Real Estate, Federal Reserve Bank of Atlanta
Jonathan Klein, Managing Director, Fortress Investment Group LLC
Joi Mar, Senior Analyst, Real Estate Analytics, Green Street Advisors
William O’Connor, Partner, Thompson & Knight LLP

Discussion Topics:
- What is the outlook for cap rates as the Treasury continues its rise?
- Will the volatility in the stock market and other macro factors impact CRE?  
- Cross-border flows continue to decline: Is this a return to normal levels or are other factors at play?
- How will the new tax law impact CRE?  
- Who is lending right now?  What products and property types are in favor?  Where does there remain a gap?
- What is the outlook for infrastructure investment in 2018?  

Networking Break
1:40pm - 2:00pm
Starlight Foyer

D.C. Update
2:00pm - 2:50pm
Starlight Ballroom

Moderator:
Lisa Pendergast, Executive Director, CRE Finance Council 

Panelists: 
Michael P. Flood, Deputy Executive Director, CRE Finance Council
David McCarthy, Director, Industry and Policy, CRE Finance Council
Marty Schuh, Senior Director, Head of Government Relations, CRE Finance Council 
Christina Zausner, Senior Director, Head of Industry and Policy Analysis, CRE Finance Council 

Discussion Topics:
- Election outlook
- Dodd Frank reform (including HMDA)
- HVCRE 
- Flood Insurance
- Current Expected Credit Loss (CECL)

Construction Lending – No Country for the Timid
2:50pm - 3:55pm
Starlight Ballroom

Moderator:
David Barksdale, Partner, Loeb & Loeb LLP

Panelists:
Bill Fishel, Senior Managing Director, Los Angeles Office Co-Head, HFF
Tup Fisher, Portfolio Manager, Real Estate Debt, Washington Capital Management
Jay Gyer, Executive Vice President, Bank of the Ozarks
David HammermanVice President of Originations – West Coast, Mack Real Estate Group
Paul Paradis, Senior Managing Director, Hines
Thomas Whitesell, Managing Director, CapitalSource

Discussion Topics:
- Availability and competitive landscape
- Transaction structures and deal terms
- Challenges in the underwriting process
- Impact of legislation and regulations – HVCRE and EB-5
- Lender motivations and borrower expectations

Networking Break
3:55pm - 4:10pm
Starlight Foyer

Non-Bank Lenders: Out of the Shadows and Into the Forefront
4:10pm - 5:00pm
Starlight Ballroom

Moderator:
Kahlil T. Yearwood, Partner, Gibson, Dunn & Crutcher LLP

Panelists:
Jean Baker, Managing Director, LoanCore Capital, LLC 
Michael A. Cale, Head of Capital Markets/Alternative Assets, Voya Investment Management
Kathleen Corton, Chief Executive Officer, Hillcrest Finance 
Teresa Zien, Senior Director, Invesco

Discussion Topics:
- What do we mean by non-bank lender?
- What is the sweet spot for non-bank lenders?
- On what types of deals are non-bank lenders and bank lenders competing (or partnering)?
- Beyond price and proceeds – how is the borrower experience different?
- Future fears – 2018 and beyond

Networking Reception
5:00pm - 7:00pm
Front Drive

Women's Network Dinner
7:00pm
1212 Santa Monica

Click here for more information and to register.



Program is still being coordinated and is subject to change.


Program - Wednesday, May 9, 2018

Registration
8:00am - 4:00pm
Starlight Foyer

Networking Breakfast
8:00am - 10:00am
Wedgewood Ballroom

Young Professionals Panel: Now Trending in CRE 
8:50am - 9:40am
Starlight Ballroom

Moderator:
David McCarthy, Director, Industry and Policy, CRE Finance Council
Panelists: Shally Hu, Head of Acquisitions, ARON Asset Management Julia Nachman, Vice President, Citigroup Global Markets Siobhan M. O’Donnell, Esq, Of Counsel, Ballard Spahr LLP  Michael Payton, Associate, ACORE Capital

Discussion Topics:
- Sector and property trends 
- Myths in CRE, including the effectiveness of shared workspace apps, retail, and more
- Transportation technology – how will new or improved methods of transportation (driverless vehicles; hyperloop; outer space; skytran) affect CRE?
- Recruiting and retaining young professionals 

CRE CLOs 2.0 – Everything You Wanted to Know
9:40am - 10:30am
Starlight Ballroom

Moderator:
Stuart Goldstein, Partner & Co-Chair, Capital Markets, Cadwalader, Wickersham & Taft LLP

Panelists:
Douglas Armer, Managing Director, Blackstone 
Nitin Bhasin, Senior Managing Director, Kroll Bond Rating Agency, Inc.
Scott Douglass
, Principal, Prime Finance
Joseph Iacono, Chief Executive Officer and Managing Partner, Crescit Capital Strategies
Avinash Sharma, Executive Director, J.P. Morgan

Discussion Topics:
- Primary motivations for executing a CRE CLO
- Who is buying bonds and how will that universe expand
- Tasks and roadblocks facing a new issuer
- Collateral and structural comparison between CRE CLOs and CMBS
- Active vs. static transactions – pros and cons
- Investor considerations related to CRE CLOs
- Relative value

Networking Break
10:30am - 10:50am
Starlight Foyer

B-Piece Investing: Evaluation of Long-Term Risk vs. Reward (Closed to Media)
10:50am - 11:40am
Starlight Ballroom

Moderator: 
Sean Ryan, Managing Director, HFF

Panelists: 
Josh Fuller, Director, Pensam Funding
Darren Gluck, Head of B-Piece Acquisitions, Silverpeak Argentic
Jordan May, CMBS Investments, Prime Finance
Julio Siberio, Vice President, CMBS Portfolio Manager, PIMCO

Discussion Topics:
- How has increased investor demand repriced the risk appetite? Is demand alone driving the high level of liquidity in deep credit CMBS including single-B and below bonds?
- Has the lack of supply in one market (CMBS) turned to a surplus in others (CLO / Freddie)? Has it made people pivot their investment thesis?
- How has underwriting changed this late in the cycle on new issuance? Has there been a divergence in underwriting standards between CMBS and the Agencies? How do you look at deals differently knowing that you are the B buyer? How are groups pricing in risk for 5+ years with the speed of the deterioration of specific asset classes and markets over the last 5 years?
- Market share – self scout? Where is the comfort level in exposure? How have previous successes and failures affected your investment thesis going forward?

High Yield on the West Coast: What's Next?
11:40am - 12:30pm
Starlight Ballroom

Moderator:
James Gosse, Managing Partner, Oakhurst Capital Advisors, LLC

Panelists:
Bruce Johnson, Partner, Ballard Spahr LLP
Daniel Katz, Managing Director, Colony NorthStar, Inc. 
Alan Tantleff, Senior Managing Director, Corporate Finance, FTI Consulting
Tony Yousif, Director - National Accounts, SVN

Discussion Topics:
- Opportunistic situations created by retailer bankruptcies - where are the deals?
- Conversion/Redevelopment Strategies
- Assets classes/market/strategies that are generating outsized returns.
- Is the "Normalization of Information" flattening the yield curve? 
- Does the risk still match the reward? 

Networking Luncheon
12:30pm - 1:40pm
Wedgewood Ballroom

A Political Conversation: The Impact of Politics
Commercial Real Estate: California/West Coast Style

1:40pm - 2:40pm
Starlight Ballroom

Moderator:
Mark C. Ritchie, Principal, Newmark Realty Capital, Inc.

Keynote Speakers:
Sherry Bebitch, Professor, USC Sol Price School of Public Policy and Political Analyst, NBC4 Los Angeles
Carla Marinucci, Senior Political Writer, Politico

Discussion Topics:
- Jobs, Housing, Both or None
- Critical Issues Facing California and Which Will Go National
- Blue State Blues 
- California - Victim of Its Own Success?
- Political Landscape

Networking Break
2:40pm - 3:00pm
Starlight Foyer

The Future of Servicing – Polling the Pros 
3:00pm - 4:00pm
Starlight Ballroom

Moderator:
Debra Morgan, Managing Partner, BlackEagle Real Estate Partners 

Panelists:
David Harrison, Senior Vice President, PNC Real Estate/Midland Loan Services 
Steve Schrag, Vice President, KeyBank Real Estate Capital
Curt Spaugh, Director, Situs
Eric Thompson, Senior Managing Director, Real Estate Finance, Kroll Bond Rating Agency, Inc.

Discussion Topics:
- Navigating Securitized Debt – Best Practices
- The Administration of 2.0+ CMBS Loans
- Distressed Resolution Options
- Affiliates

Networking Reception
4:00pm - 6:00pm
Front Drive


Program is still being coordinated and is subject to change.



Attendee List

The Attendee List is available to registered attendees only.


Become a Sponsor

For details on sponsoring future CREFC events, please contact Meghan Roberts at 202.448.0862 or Stella Debibi at 310.850.5153.





Young Professionals

CREFC invites Young Professionals to attend the Commercial Real Estate Finance Summit - West for a special rate.

To qualify, you MUST be 30 years of age or less . Your Young Professional status must be vetted in our membership database before qualifying for the discounted rate and you need to sign up online first by Wednesday, May 2, 2018.

Young Professional Registration - entire program
$185 - Member
$285 - Non-Member


Registration Fees

You must login to register.

$369 - Early Member Registration (on or before April 20, 2018)
$469 - Early Non-Member Registration (on or before April 20, 2018)

$399 - Regular Member Registration (After April 20, 2018)
$499 - Regular Non-Member Registration (After April 20, 2018)

Young Professional* Registration
$185 - Member
$285 - Non-Member

*To register at the Young Professional rate, you must be APPROVED prior to registering for the conference. Please apply here for the Young Professional status and note that to be eligible you MUST be 30 years of age or less. You will receive a confirmation e-mail within two business days once approved and will be able to register at the discounted rate at that time.

Academic Member** Registration
$185
- Member

**To register at the Academic Member rate, you must be APPROVED prior to registering for the conference. Please apply here for Academic Membership and note that you MUST be a full time student or professor. You will receive a confirmation e-mail within two business days once approved and will be able to register at the discounted rate at that time.
 


By registering for this event, you agree that the CRE Finance Council may take your photograph or record video and/or audio and you consent to CREFC use and reproduction of such media for any purpose, including, without limitation, marketing and promotional purposes.


Accommodations

CRE Finance Council has reserved a room block at the Fairmont Miramar Hotel & Bungalows at discounted rates from $349 - $409++.

Click here to reserve at the Fairmont
or to make a reservation by phone, please call 866-964-7262 and reference the CRE Finance Council.

The cut-off date for reserving a discounted room is Friday, April 20, 2018. Discounted rooms may sell out before this date based on availability.

CLE Credits

CLE credits will be offered to program attendees. Please fill out our form to apply for credit and note that you will still be required to sign in and sign out for each panel at the registration desk on-site in order to receive a certificate of approval.

The following state has approved 8 CLE Credits:
Washington

The following states have approved 8.5 CLE Credits:
Kentucky, Minnesota, Pennsylvania

The following states have approved 8.75 CLE Credits:
California, Illinois, North Carolina, Ohio, Oregon, Texas

The following states have approved 8.8 CLE Credits:
Georgia, Indiana, Mississippi

The following state has approved 8.84 CLE Credits:
Tennessee

The following state has approved 8.9 CLE Credits:
Delaware

The following state has approved 9.4 CLE Credits:
Missouri

The following states have approved 10.5 CLE Credits:
Florida, Kansas, Oklahoma, Wisconsin

The following state has approved 10.6 CLE Credits:
New Jersey

The following state has approved 11 CLE Credits:
Colorado

The following states are pending approval:
Nevada, Virginia


When
5/8/2018 - 5/9/2018
Where
Fairmont Miramar Hotel & Bungalows
101 Wilshire Boulevard
Santa Monica, CA 90401
Please Note:

Please verify your contact and name badge information before checking out.

REGISTRATIONS ARE NON-REFUNDABLE. If a registrant is unable to attend a substitute will be accepted at no additional charge.

Contact Annie Lee or call (646) 884-7576 for registration related questions.

Contact Nina Wickerson or call (646) 884-7579 for After-Work Seminar, CREFC Women’s Network and speaking opportunity related questions.

Contact Caitlin Adams or call (646) 884-7577 for Young Professional and Education event related questions.

Contact Daniela Schneider or call (202) 448-0858 for CLE credit related questions.

Contact Meghan Roberts or call (202) 448-0862 for sponsorship opportunities.

Note:

In order to register for an event or purchase a product, you must be logged into the CREFC site. If you have not visited our site before, please create a new account.

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