Letter from Stephen M. Renna, CEO

CRE Finance World, Summer 2012

Letter from Stephen M. Renna, CEO Stephen M. Renna CEO CRE Finance Council T them, we are taking a leading role in developing industry is also significant interest in expanding the number of After-Workcoast. The success of our March Distressed Debt Summit in NewYork and May High Yield Investment Conference — our first-everevent of that type on the West Coast — demonstrated the value ofthese topics and the desire for this caliber of programming. Therehis is proving to be a dynamic and productive year forCREFC. Our membership is becoming broader and morediverse, we’ve increased the number of industry eventswe are holding and the regions in which we are holding best practices and member involvement and enthusiasm is strong. Seminars, and Members are taking direct ownership of these All these are positive signs that we are achieving our strategic goal events — from selecting topics and venues to organizing outstanding of being the voice of commercial real estate finance broadly and panels and discussions. the meeting point for the industry’s stakeholders. Dynamic Forum Growth Let me take a moment to update you on CREFC’s activities and CREFC is continually assessing our Forum and Sub-Forum offerings, efforts to ensure that you, our Members, receive the greatest ensuring that these platforms are both dynamic and available for all possible return on your investment. sectors of the commercial real estate finance industry. Our Forum programs are Member-driven — developed and presented by you Continued Membership Growth — and continue to yield valuable opportunities for networking and CREFC is becoming the voice of our entire industry by continuing discussion on topics ranging from best practices to legislative and to attract participants in all aspects of commercial real estate regulatory policy. finance. Along with a strong rate of annual renewals, we are seeing increasing interest from participants across industry sectors in We recently added a new Bank Sub-Forum to the Portfolio Lenders learning more about what we have to offer. We are reaching out Forum. Now we have sub-Forums for insurance companies and to balance sheet lenders such as major banks, life insurance banks, respectively. In response to multi-family industry participants, companies and private equity firms and inviting them to join other we collapsed the Multifamily Lenders Forum and instead created industry leaders in CREFC. This growth and diversity is being an Agency Investors Sub-Forum within our Investors Forum. We achieved through our membership recruitment efforts in which believe these revisions to our Forum structure will make the Forums CREFC Members reach out to their peers and share with them more responsive and relevant. the value and opportunity they get from being a CREFC Member. This outreach includes inviting these peers to our events as guests. Forum Members are also developing and implementing a growing As you partake in our Conference, you will see many new faces series of surveys to assess the sentiment of specific sectors and who have come as a direct result of this outreach. Please say hello the industry as a whole. Your participation in these “marketplace and extend a welcome. barometers” and the results generated are an important tool as we strengthen existing, and develop new industry initiatives. Broadening Our Footprint A growing membership means increased demand for high-quality Industry Standards and Benchmarking industry events, and CREFC is working with Members to meet CREFC is committed to ongoing dialogue with market participants that demand. To supplement our January and June Conferences, to ensure the most relevant market standards and transparency more two-day events are being planned for venues from coast to provisions are being utilized by the industry. To that end, initiatives CRE Finance World Summer 2012 4


CRE Finance World, Summer 2012
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