PROGRAM
Tuesday, March 10, 2015
Speakers Dinner(by invitation only)
6:30pm - 9:00pm
Sponsored by: Ballard Spahr LLP and Sabal Financial Group LP
Wednesday, March 11, 2015
Registration
8:00am - 5:00pm
9th Floor - Foyer
Networking Breakfast
8:30am - 10:30am
9th Floor - Card Room
Sponsored by: Trigild
Welcome
9:15am - 9:30am
9th Floor - Lounge
Market Trends and 2015 Opportunities
9:30am - 10:20am
9th Floor - Lounge
Moderator:
Richard Hill,
Head of CMBS & CRE Debt Research, Morgan Stanley
Panelists:
Jonathan Strain,
Managing Director, Goldman, Sachs & Co.
Jack Taylor,
Managing Director, Pine River Capital
Program Topics:
- What is HY in an environment where the 10YT is at 2%?
- With CRE prices above 2007 peaks, do opportunities still exist?
- Opportunities in subordinate loans as well as bridge loans
- How is Risk Retention Shaping CMBS B-Piece Buying
- Are CRE CLOs a viable alternative for both issuance and investing?
Networking Break
10:20am - 10:50am
9th Floor - Card Room
Sponsored by: Trigild
Featured Speaker
10:50am - 11:50am
9th Floor - Lounge
Greg Hertrich, Managing Director, Head of US Depository Strategies, Nomura
Luncheon
11:50am - 1:00pm
10th Floor - Olympic Suites
Sponsored by: Starwood Mortgage Capital
Non-Traditional Fund Formation
1:00pm - 1:50pm
9th Floor - Lounge
Moderator:
Panelists:
Alexander Gilbert,
President, Artemis Real Estate Partners LLC
Nelson Hioe,
Managing Partner, Raith Capital Partners
Chris Lee,
Director, Kohlberg Kravis Roberts
Program Topics:
- Macro view of GP/LP fundraising today vs. 2006/2007 vs. 2009/2010
- What types of platforms are having success; which are having trouble? (leadership, strategy, size, succession, track record, etc.)
- Within high-yield and distressed assets, any unique market perspectives/considerations on fundraising?
- What are examples of non-traditional approaches to GP/LP fundraising? (direct, co-investment, emerging managers, etc.)
- What are the perceived benefits to LP’s and to GP’s for these approaches?
- What structures, return profiles, and other attributes are common in these approaches?
- Discuss how an LP diligences a GP and the investment strategy in these approaches
- Discuss how GP’s diligence their LP’s in these approaches
- Are there lessons learned from the LP and GP sides?
Crowdfunding: Coming to a Town Near You?
2:00pm - 2:50pm
9th Floor - Lounge
Moderator:
Panelists:
Program Topics:
- Will crowdfunding disrupt the private equity business?
- Where are we in the lifecycle of crowdfunding?
- Will you just push a button to invest in real estate?
Networking Break
2:50pm - 3:10pm
9th Floor - Card Room
Sponsored by: Trigild
Loan Maturity Opportunities: 2015 and Beyond
3:10pm - 4:00pm
9th Floor - Lounge
Moderator:
John D’Amico,
Director of Special Servicing, Trimont Real Estate Advisors, Inc.
Peter Sotoloff,
Managing Member & CIO, Mack Real Estate Credit Strategies
Program Topics:
- A review of scheduled CRE debt maturities
- Will there be a refinancing debt/equity gap?
- What's the most likely source of new money?
- Who will bear the losses and what will the opportunities be?
- What's the effect of new construction on existing properties?
Restructuring Case Study
4:10pm - 5:00pm
9th Floor - Lounge
Moderator:
Panelists:
Ned Smith,
Executive Vice President, A10 Capital, LLC
Craig A. Welin,
Attorney, Frandzel Robins Bloom & Csato, L.C.
Program Topics:
- Interplay between senior lender and multiple mezzanine lenders under intercreditor agreement
- Effect of mezzanine lender bankruptcy on senior lender remedies
- Appropriateness of REMIC Trust advances
- How rescue lending works in a multi bankruptcy scenario
Networking Reception
5:00pm - 7:00pm
9th Floor - Card Room
Sponsored by: Trigild
Thursday, March 12, 2015
Registration
8:00am - 1:00pm
9th Floor - Foyer
Networking Breakfast
8:30am - 10:30am
9th Floor - Card Room
Sponsored by: Trigild
Cross Border Investments
9:15am - 9:55am
9th Floor - Lounge
Moderator:
Panelists:
Ron Kravit,
Head of Real Estate Investing, Managing Member, Cerberus Real Estate Capital Management, LLC
Peter Reisman,
Chief Executive Officer, C-Bridge Capital Partners
Janice Stanton,
Senior Managing Director Capital Markets, Cushman and Wakefield
Program Topics:
- Trace increased amounts of capital flowing into US and abroad and examine tendencies and trends.
- Discuss continuing burgeoning European loan sales market and current dependency on US Capital. How does this continue to develop and evolve? Similarities and differences from the US crash and recovery. What does this market look like moving forward? Opportunities for investors?
- Activities in Asia and capital flowing into this market. Opportunities for investors?
- Cycles - what is similar and different in this business cycle relative to other business cycles? Anything trends or events that can be discerned moving forward in the next cycle? Do the other markets move in a pattern relative to the US market?
Desperately Seeking CRE Assets or Loans-to-Own
10:00am - 10:50am
9th Floor - Lounge
Moderator:
William J. Hoffman, CEO & Chairman of the Board, Trigild
Panelists:
Salman Khan, Managing Principal & CEO, Stabilis Capital Management, LP
John McDonald, Director, Hudson Realty Capital L.L.C.
Kevin McKenzie, Head of Investments, Sabal Financial Group LP
Jack Shaw, SVP - Loan Acquisitions, FirstCity Financial Corp.
Steve Stuart, Managing Director, Garrison Investment Group
Program Topics:
- Adding equity in order to acquire
- Buying “loans to own”
- Buying in secondary and tertiary markets
- Unusual asset types and opportunities
- Finding leads from other sources
- Innovative marketing approaches for sellers
- Auction, traditional sale or combination?
- Painting a pretty picture for the next owner
Networking Break/ Boxed Lunches
10:50am - 1:00pm
9th Floor - Card Room
Sponsored by: Trigild
New Construction - Boom or Bust on the Horizon?
11:20am - 12:10pm
9th Floor - Lounge
Moderator:
Joe Sarcinella,
Partner, Thompson & Knight
Panelists:
Chris J. Albano,
Managing Director, Citigroup Global Markets
Jeffrey W. Baker,
Executive Managing Director, Savills LLC
Kent Daiber,
Senior Banker, Starwood Property Trust
Thomas Wise,
Senior Vice President, Trimont Real Estate Advisors, Inc.
Program Topics:
- In which market segments are we seeing the heaviest and lightest activity in terms of deal flow and deal size
- To what extent is geography affecting demand
- What is the continued demand in each of those segments and geographies; how is saturation/expansion being underwritten?
- Predictions for one and two years out
Servicing in CMBS 2.0/3.0
12:10pm - 1:00pm
9th Floor - Lounge
Moderator:
Panelists:
Stacey M. Berger,
Executive Vice President, PNC Real Estate/Midland Loan Services
Matt Salem,
Director, Co-Head Real Estate Credit, Kohlberg Kravis Roberts
Program Topics:
- Implementation of Reg AB and other regulations impacting CMBS and service providers to the industry
- Risk retention and other structural features of CMBS 2.0/3.0 impacting investors and servicers
- Legacy CMBS fading into the sunset - Will it go quietly into the night or will it be complicated?
- Looking forward prospectively to servicing CMBS 2.0/3.0 during times of increasing distress
ATTENDEE LIST
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Attendee List
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