Nik Chillar, Managing Director, Western Alliance
John D'Amico, Director, Special Servicing, Trimont Real Estate Advisors
Kevin Donahue, Senior Managing Director, C-III Capital Partners
Debra H. Morgan, Managing Director, C-III Asset Management
Bill O’Connor, Partner, Thompson & Knight LLP
Donald D. Sheets, Managing Partner, AlumCreek Holdings
Jonathan Schultz, Founder & Managing Principal, Onyx Equities
Mark Zytko, Co-Founder, Mesa West Capital

Registration
8:00am - 5:00pm

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Networking Breakfast
8:00am - 9:30am

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Welcome
9:15am - 9:30am

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Market Trends and 2016 Opportunities
9:30am - 10:30am

Moderator:
Schecky Schechner, Managing Director, Barclays

Panelists:
Michael Lascher, Managing Director, Blackstone
Chris Lee, Member, KKR
Tom Rugg, Director, Deutsche Bank Securities
Donald D. Sheets, Managing Partner, AlumCreek Holdings LLC

Discussion Topics:
- How is the CMBS industry preparing for risk retention rules and what are borrowers and investors expecting?
- Has recent market volatility led banks to become more conservative or more active/opportunistic in making loans for their balance sheet?
- Is balance sheet appetite growing or diminishing with the volatility?
- What lenders, markets and property types will be relative winners and losers in this new capital markets environment?
- What is the competitive landscape for bank originated loans?

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Networking Break
10:30am - 10:55am

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Featured Speaker:   Capital Markets – Are the Crossroads Upon Us?
10:55am - 11:55am

Donald D. Sheets, Managing Partner, AlumCreek Holdings LLC

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Luncheon
11:55am - 1:05pm

Welcome Remarks:
Rab Nalavala, Member, Cole Schotz P.C.

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Credit Rating Agency Panel:
“Evaluating Future Risks in Light of Past Downturns”
1:05pm - 2:05pm

Moderator:
Kevin Donahue, Senior Managing Director, C-III Capital Partners

Panelists:
Dan Chambers, Managing Director, U.S. CMBS, Fitch Ratings
Lea Overby, Executive Director, Nomura Securities International
Tad Philipp, Director, CRE Research, Moody’s Investor Service
Eric Thompson, Senior Managing Director, Structured Finance, Kroll Bond Rating Agency

Discussion Topics:
- Focus on what happened in the last downturn
- How did we miss it so badly?
- What has been done to alleviate these issues?
- How has implementation of change worked? Will it make a difference in the future?

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Networking Break
2:05pm - 2:30pm

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Non-Bank Portfolio Lenders:
“Emerging Trends and Market Opportunities”
2:30pm - 3:30pm

Moderator:
Mark Zytko, Co-Founder, Mesa West Capital

Panelists:
Jon Brayshaw, Co-Founder, Head of Capital Markets, Prime Finance
Jeff Fastov, Senior Managing Director, Square Mile Capital Management, LLC
Tim Johnson, Senior Managing Director, RE Debt Strategies, Blackstone
Bob Karner, Managing Director, Annaly
Brendan McCormick, Managing Director, Axonic Capital LLC

Discussion Topics:
- Opportunities and challenges as a non-bank lender in commercial real estate
- Differences in capital sources for different types of lenders
- Regulatory effect on non-bank lender market share
- Capital and leverage availability and cost

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Networking Break
3:30pm - 3:55pm

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Regulation (Basel III, Reg AB II):
The 3 ‘R’s: Regulations, Rules and Red Tag
3:55pm - 4:55pm

Moderator:
Bill O’Connor, Partner, Thompson & Knight

Panelists:
Kay Kress, Partner, Pepper Hamilton
Ian Lagowitz, Director, Onyx Equities
Brian Olasov, Executive Director, Carlton Fields
Darrell Wheeler, Head of Research for Global Structured Finance, Standard & Poor’s

Discussion Topics:
- AB II , possible tool for specials?
- Risk Retention including Basel III approach
- HVCRE regs and impact on multiphase ADC loans
- FIRPTA  Reform vs.  effect of recent LLC disclosure requirements
- REIT law changes; restrictions on Tax free Spinoffs and elimination of exit strategy for most
- Uniform Receiver Statute

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Networking Reception
5:00pm - 7:00pm

Registration
8:00am - 1:00pm

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Networking Breakfast
8:00am - 9:30am

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CMBS Special Servicing: Yesterday, Today and Tomorrow
9:05am - 10:05am

Moderator:
Debra H. Morgan, Managing Director, C-III Asset Management LLC

Panelists:
Merrick L. “Rick” Gross, Shareholder, Carlton Fields
Brian Hanson, Managing Director, Operations, CWCapital
Steven Schwartz, Managing Director, Torchlight Investors
Adam Singer, Managing Director, Rialto Capital Management
Rob Verrone, Principal, Iron Hound Management

Discussion Topics:
- Legacy CMBS vs. 3.0 – what’s different
- Special Servicers – transfers (via control, payment defaults/maturities)
- Loan Originations – better or the same, what does the future hold
- Borrower Advisors/Workout Consultants – working with Special Servicers

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Networking Break
10:05am - 10:30am

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Alternative Financing Sources for a New Age
10:30am - 11:30am

Moderator:
Jonathan Schultz, Founder & Managing Principal, Onyx Equities, LLC

Panelists:
Scott Alper, President & Chief Investment Officer CEO, Witkoff Group
Jim Dunbar, Managing Director, Värde Partners
Joseph Iacono, Chief Investment Officer, Petra Capital Management
Ben Miller, Chief Executive Officer & Co-Founder, Fundrise
Steven Stuart, Managing Director, Garrison Investment Group

Discussion Topics:
- Where will we find capital in 2016?
- What are the new alternative ways to access financing?
- How will we deal with 23% of incoming debt due in the next two years?
- How will regulations coming into the market create new ways to finance your property?

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Networking Break/ Boxed Lunches
11:30am - 1:00pm

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Opportunities for Distressed Assets:
“Young Professional’s Views on NPLs and REO: Where Have They Gone and Where Are They Going to Come From?”
12:00pm - 1:00pm

Moderator:
John D’Amico, Director, Special Servicing, Trimont Real Estate Advisors, Inc.

Panelists:
Josephine Ajayi, Vice President, Berkeley Point Capital
Brendan Bosman, Managing Director, Värde Partners
Jeremy Griffin, Director, Rialto Capital Management
Katie Keenan, Managing Director, Blackstone
Sean Ryan, Associate Director, National Loan Sale Group, HHF

Discussion Topics:
- Where have they gone and where will they come from?
- Where have investors moved for yield?
- What are weaknesses in current deal structures that could create distress?
- Europe and other jurisdictions: Do opportunities still exist? What are the barriers to entry?
- What potential Black Swan should we be looking for?

The Attendee List is available to registered attendee only.

Thank you to our Sponsors.

For more information or to become a sponsor, view our sponsorship brochure or contact Andrea Rouse or call (202) 448-0856.

Lead Summit Sponsor:

Summit Sponsors:

CREFC invites Young Professionals to attend the High Yield & Distressed Realty Assets Summit for a special rate of $149. We are also offering a special Thursday-only rate for $49.

On Thursday, March 10, there will be a panel discussion led by Young Professionals on their insights and views on NPLs and REO from 12:00pm – 1:00pm:

Opportunities for Distressed Assets:
“Young Professional’s Views on NPLs and REO: Where Have They Gone and Where Are They Going to Come From?”

Moderator:
John D’Amico, Director, Special Servicing, Trimont Real Estate Advisors, Inc.

Panelists:
Josephine Ajayi, Vice President, Berkeley Point Capital
Brendan Bosman, Managing Director, Värde Partners
Jeremy Griffin, Director, Rialto Capital Management
Katie Keenan, Principal, Blackstone
Sean Ryan, Associate Director, National Loan Sale Group, HHF

To qualify for both rates, you MUST be 30 years of age or less with five years of experience in the CRE industry 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 March 4, 2016.

If you have previously applied for Young Professional status and have been approved, please register here.

Contact Sara Thomas or call (202) 448-0857 for all other inquires.

Credit Rating Agency Panel: “Evaluating Future Risks in Light of Past Downturns”
Regulation (Basel III, Reg AB II): The 3 ‘R’s: Regulations, Rules and Red Tag

Hotels located within blocks of the New York Athletic Club:

JW Marriott Essex House (located directly adjacent to the NYAC)
160 Central Park South
New York, NY, 10019
212-247-0300


Park Lane Hotel
36 Central Park South
New York, NY 10019
212-371-4000