7:15am - 8:15am
Loews Miami Beach Hotel Beachfront
Sunrise Stretch and Sweat
You must
register separately for this event.
The
deadline to
register for Sunrise Stretch and Sweat is
January 10th.
Sponsored by:
7:30am - 5:30pm
Americana Foyer
Registration
Registration Sponsor:
7:30am - 9:00am
Americana Foyer
Networking Breakfast
Sponsored by:
9:00am - 9:15am
Americana 1-3
Opening Remarks
Conference Co-Chairs:
Thanh Bui, Managing Director, Clarion Partners
Stewart McQueen, Partner, Dechert LLP
CREFC Chair:
Bob Foley, Chair, CREFC Board of Governors, Partner, TPG Real Estate and Chief Financial Officer, TPG Real Estate Credit
Partner Sponsor:
Mary Jane Potthoff, Managing Director, Global Business Development, Morningstar DBRS
9:15am - 10:15am
Americana 1-3
The State of the World Today: Geopolitics, Technology and the Evolving Nature of Global Security
Former U.S. National Security Advisor, Lieutenant General H.R. McMaster, shares his views on the state of the world today and what we can expect from the future in terms of the geopolitical landscape, new technology and its risks, and the leading security threats of our time. A three-star general heralded for his leadership in Afghanistan and Iraq, and a historian whose groundbreaking book Dereliction of Duty has become required reading in military circles, McMaster offers informative, in-depth, and refreshingly candid analysis of the key issues and actions that are imperative in today’s ever-changing geopolitical, technological, and security landscapes.
Read more about H.R. McMaster.
Sponsored by:
January 2025 CRE CLO Investor Reporting Meeting (Closed Meeting)
*For additional information please contact Rohit Narayanan.
To request an invite to this meeting, please submit this form.
10:30am - 11:20am
Americana 1-3
Reimagining Cities: Innovation at the Intersection of Technology, Mobility and Urban Development
Moderator:
Thanh Bui, Managing Director, Clarion Partners
Featured Speakers:
Josh Sirefman, CEO, Michigan Central
Tigre Wenrich, Managing Partner, LAB Ventures
Josh Sirefman and Tigre Wenrich will discuss how innovation and entrepreneurship are leading the charge in reshaping and creating smarter, more adaptable cities. See how innovation hubs like Michigan Central and LAB Ventures are driving breakthroughs in urban redevelopment, collaboration, and building successful startup ecosystems.
11:40am - 12:30pm
Americana 1-3
B-Piece Investors Forum (Closed to Media, Not Available for Replay)
Moderator:
Peter Lindner, Managing Director - Credit Investments, Rialto Capital Management, LLC
Panelists:
Zach Freedman, Managing Director, Eightfold Real Estate Capital, L.P.
Jason A. Nick, Chief Investment Officer, Private Securities, Starwood Property Trust
Lyndsay Stephenson, Managing Director, Prime Finance
Frank Yin, Director, KKR
CREFC/ NCREIF Debt Fund Aggregate Contributor Meeting (Closed Meeting)
This meeting is for current Debt Fund Contributors or those who intend to become contributors to the Aggregate. Any questions, please contact, Nicole Pepe.
12:00pm - 1:30pm
Americana Foyer
Boxed Lunches
Sponsored by:
12:40pm - 12:55pm
Americana 4
CREFC & Trepp Insurance Company Investment Performance Survey
Speaker: Lonnie Hendry, CRE, Chief Product Officer & Co-Host of the TreppWire Podcast, Trepp, Inc.
12:45pm - 1:35pm
Americana 1-3
The State of Housing: Innovations, Alternatives, and Traditional Approaches (Closed to Media)
Moderator:
Elaine McKay, Partner, Ares Management LLC
Panelists:
Victor Calanog, Global Head of Research and Strategy Real Estate, Manulife Investment Management
Kunal Doshi, Managing Director, TPG Real Estate Credit
Nathaniel Fowler, Principal, Timberline Real Estate Ventures
Kyle Mitts, Co-Head of U.S. Real Estate Acquisitions & Portfolio Manager, Pretium
Mark R. Owen, CFA, Managing Director, Evercore
Discussion Topics:
- What is the current state of the different housing markets and what are the tailwinds supporting housing investment going forward?
- How are different housing segments competing with each other?
- What are the need to know nuances of the alternative housing segments? What are the key performance metrics, demand drivers and operational strategies that make these sectors attractive?
12:55pm - 1:45pm
Americana 4
Portfolio Lenders Forum (Closed to Media, Not Available for Replay)
Moderators:
Robert Grudzinski, Senior Vice President, U.S. Bank, NA
Kevin Pivnick, Managing Director, Blackstone Real Estate Debt Strategies
Guest Speaker:
Patrick Arangio, Vice Chairman, CBRE Capital Markets, Inc.
Panelists:
Scott Dixon, Senior Vice President & Senior Credit Risk Officer, Truist
Melissa Farrell, Managing Director, Head of U.S. Originations, PGIM
Kristin Khanna, Managing Director, Barclays
Discussion Topics:
- CRE Loan Allocations for 2025 – Relative Value and Product Set Changes.
- Bank Lending Focus 2025 - Direct Lending vs. Loan-on-Loan Financing vs. Warehouse Financing; Competition from Alternate Capital Sources.
- Loan Sales – Distressed or Strategic? Valuations, Discounting & Innovations.
- Shorter-term Financing Trends in the Insurance Sector.
- Shifts in Lending Standards: Impact across Property Types.
- Construction Financing: Demand Outlook and Lender Appetite
1:50pm - 2:40pm
Americana 1-3
Bid/Ask: Perspectives from the Trading Floor (Closed to Media, Not Available for Replay)
Moderator:
Alan Todd, CFA, Managing Director CMBS Strategy, Global Research, BofA Securities
Panelists:
Julianne Bowe, Head of CMBS Trading, Wells Fargo
David Cook, Head of CMBS Trading, Barclays
Shannon Erdmann, Managing Director, Apollo Global Management
Benjamin Kiflom, Vice President, CMBS Portfolio Manager, Goldman, Sachs & Co.
Kyle Wichser, Managing Director, BMO Capital Markets
Discussion Topics:
- Private label CMBS issuance doubled over the past year. Did secondary liquidity keep pace?
- Newly issued deals have higher loan coupons and less office exposure. How will this vintage compare historically?
- Spreads are tight across asset classes. Does CMBS still offer relative value here and where within CMBS are the best opportunities?
Sponsored by:
2:00pm - 2:50pm
Americana 4
Alternative Lenders and High Yield Investors Forum (Closed to Media, Not Available for Replay)
Moderator:
Samir Tejpaul, Managing Director, Head of Capital Markets, Madison Realty Capital
Panelists:
Jason Hernandez, Managing Director, Head of U.S. Debt, Nuveen
Rachel Hunter-Goldman, Managing Director, Real Estate Credit, KKR
Tony LaBarbera, Managing Director, Blackstone Real Estate Debt Strategies
Chris Moad, Managing Director, Real Assets Credit, CPP Investments
Michelle Stromberg, Principal, Apollo Global Management
Discussion Topics:
- 2024 Review: Origination volume, competitive dynamics, challenges, and changes in lender behavior.
- 2025 Predictions: Budgets, target asset classes, ‘De-bankification,’ and market trends.
- Distress vs. Opportunity: Office, multifamily, and other property types.
- Bridge Loans: Construction completions, gap financing, bridge-to-bridge, and bridge-to-sale opportunities.
- Best Relative Value: Top risk-adjusted returns for Alt lenders in today's market.
2:50pm - 3:30pm
Poinciana 1
Education Committee Meeting (Closed, By Invitation Only)
3:00pm - 3:50pm
Americana 1-3
Bricks and Bots: AI and Innovation in CRE (Closed to Media)
Moderator:
Beth Forbes, Head of Product Strategy, Morningstar Credit
Panelists:
Matt Keller, Partner, Financial Markets & Real Estate, PwC US
Mikal Lewis, Director of Proptech and Innovation, Nuveen
John Stecher, Chief Technology Officer, Blackstone
Discussion Topics:
- With AI enabling deeper market analysis, what specific AI-driven insights are helping shape investment decisions or property acquisition strategies?
- How is AI transforming risk assessment in commercial real estate, and what potential do you see for AI in revolutionizing the underwriting process in CMBS?
- In what ways is AI improving operational efficiency across asset management, leasing, or tenant engagement? What are some examples of AI and building operations (smart building systems, space utilization, energy management, etc.)?
- Given the unique nature of CMBS and commercial real estate, what specific challenges does the industry face in adopting AI compared to other sectors?
- What “inning” of AI are we in?
Sponsored by:
3:05pm - 3:55pm
Americana 4
GSE/Multifamily Lenders Forum (Closed to Media, Not Available for Replay)
Moderator:
Ahmed Hasan, Senior Vice President, Capital One
Guest Speaker: Travis Deese, Associate Director of Multifamily Research, CBRE Research, CBRE Capital Markets, Inc.
Panelists:
Jason Griest, Vice President, Multifamily Capital Markets Securitization, Freddie Mac
David Haynes, Head of Agency Trading, CBRE Multifamily Capital, Inc.
Kate Whalen, Global Head of Client Coverage, BMO Capital Markets
Alonzo N. White, III, Principal, Multifamily Capital Markets and Pricing, Fannie Mae
Discussion Topics:
- Regulatory Rundown: Key Insights for 2025 and beyond
- FHFA Caps and Mission Goals – Changes and Opportunities for 2025
- Borrower Dynamics: Is a Surge in Acquisition Volume on the Horizon?
- Agency vs. Alternative Capital: The Battle for Market Share in 2025
- The Appeal of Agency CMBS: What’s Driving Investor Demand in 2025
4:15pm - 5:05pm
Americana 1-3
The Starwood Conversation: What Lies Ahead in Commercial Real Estate
Featuring Barry Sternlicht and Jeffrey DiModica
Featured Speakers:
Barry Sternlicht,
Chairman & CEO, Starwood Capital Group
Jeffrey DiModica, CFA,
President & Managing Director, Starwood Property Trust
5:05pm - 6:30pm
Loews Miami Beach Hotel
Networking Reception
Sponsored by:
January 2025 CMBS 4.0 Meeting (Closed Meeting)
*For additional information please contact Nicole Pepe.
The program is in the process of being coordinated and is subject to change. To review CREFC’s Speaker and Panel Participation Policy, click here.