Wednesday, June 16, 2021
Program times are listed in Eastern Standard Time. Please note that program information is still being coordinated and is subject to change.
Welcome Remarks
10:00am - 10:45am ET
Lisa Pendergast,
Executive Director, CRE Finance Council
Adam Behlman,
Chair, CRE Finance Council Board of Governors and
President and Chief Investment Officer, REIS,
Starwood Property Trust
Eric Thompson,
Chair-Elect, CRE Finance Council Board of Governors and
Senior Managing Director, Global Structured Finance Ratings, Kroll Bond Rating Agency, LLC
Zoom In: Focusing on the CMBS Market (Closed to Media, Not Available for Replay)
10:45am - 11:35am ET
Moderator:
A.J. Sfarra,
Managing Director, Wells Fargo
Panelists:
Dan Bennett,
Chief Investment Officer & Head of Capital Markets, LoanCore Capital, LLC
Jane Lam,
Executive Director, Morgan Stanley
Daniel Olsen,
Senior Vice President, KeyBank Real Estate Capital
Jane Rivers,
Vice President, Credit Analyst, T. Rowe Price Associates, Inc.
Lyndsay Stephenson,
Managing Director, Prime
Eric Thompson,
Chair-Elect, CRE Finance Council Board of Governors and
Senior Managing Director, Global Structured Finance Ratings, Kroll Bond Rating Agency, LLC
Discussion Topics:
- The conduit market continues to shrink in size, how do we reverse the trend?
- The market is on track for SASB issuance to outpace conduit for the first time. What is driving the SASB issuance volume?
- 2021 as a record CRE CLO issuance year
- Spreads and credit: forward-looking on future performance
- Risk retention will hit its fifth birthday soon – differences today versus five years ago
Sponsored by:
Break
11:35am - 11:45am ET
SOFR's Time: Approaching the LIBOR Transition (Closed to Media, CLE Credits Available)
11:45am - 12:35pm ET
Moderator:
Lisa Pendergast,
Executive Director, CRE Finance Council
Panelists:
Raj Aidasani,
Senior Director, Research, CRE Finance Council
David Burkholder,
Partner, Cadwalader, Wickersham & Taft LLP
Cassandra Clark,
Managing Director, J.P. Morgan
Priya Misra,
Global Head of Rates Strategy, TD Securities
Ameez Nanjee,
Vice President - Asset Liability Management & Assistant Treasurer, Freddie Mac
Francisco Paez,
Head of Structured Products Research, MetLife Investment Management
LIBOR’s end in the U.S. is set for June 30, 2023 for Legacy LIBOR transactions. Financial institutions regulated by the banking agencies are being strongly advised not to write new LIBOR loans after year-end 2021.. As LIBOR’s end nears, market participants must prepare now for a transition that will impact approximately $10 trillion in floating-rate loans and securities.
The ‘SOFR’s Time’ panel of experts will speak on the transition from LIBOR to SOFR and its progress to date, including:
- Market’s Views on SOFR and Credit Sensitive Rates in a Post LIBOR World
- The Latest on SOFR Term Rates and Options for Using Published Averages of SOFR
- State and Federal Legislation on ‘Tough Legacy Contracts’ – Will It Help?
Sponsored by:
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Lunch Break
12:35pm - 1:05pm ET
A Fireside Chat with Cynthia "Cynt" Marshall
1:05pm - 1:55pm ET
Keynote Speaker:
Cynthia "Cynt" Marshall,
CEO, Dallas Mavericks
Moderated by:
Missy Dolski,
Managing Director, Global Head of Capital Markets, Värde Partners
Cynt Marshall has been a dynamic force for inclusion and diversity within the Mavericks organization and over a 36-year career at AT&T. When Cynt was hired as new the CEO of the Mavs in March 2018, she set her sights on a culture transformation. Her vision was for the Mavericks organization to become the NBA standard for inclusion and diversity, and brought transparency, trust and her values-based leadership style that evolved the company culture in her first 100 days.
We’ll hear from Cynt about her work in transforming the culture of the Mavs and how she’s led them throughout the pandemic.
Sponsored by:
Break
1:55pm - 2:05pm ET
Great Expectations: Achieving ESG Objectives in CRE (Closed to Media, Not Available for Replay, CLE Credits Available)
2:05pm - 2:55pm ET
Moderator:
Mark Warner,
CFA, Managing Director, Risk & Quantitative Analysis Group, BlackRock
Panelists:
Lisa Bozzelli,
Senior Director, Fannie Mae
Leland Bunch,
Managing Director, Bank of America
John Huang,
CFA,
VP, Commercial Real Estate Credit Research, AllianceBernstein L.P.
Luba Kim-Reynolds,
Head of MF Investor Relations and ESG Initiatives, Freddie Mac Multifamily
Jason Rozes,
Partner, Dechert LLP
Discussion Topics:
- Green bonds and social bonds
- CREFC's work to develop appropriate data and disclosure framework for CRE ESG
- Why the CRE sector is much more focused, at the moment, on the “E” in ESG
- Recent ESG developments in the regulatory and Biden Administration space
- ESG expectations looking into the next year
Sponsored by:
Break
2:55pm - 3:05pm ET
Post-Pandemic Predictions: COVID’s Impact on Real Estate Finance
3:05pm - 3:55pm ET
Moderator:
Jack Gay, Managing Director, Global Head of Debt, Nuveen Real Estate
Panelists:
Kathy Farrell, Head of Commercial Real Estate, Truist
Alexandra Huffman, Senior Director, Walker & Dunlop, Inc.
Raul Orozco, Managing Director, Head of the Primary CMBS Desk, Citigroup Global Markets
Dennis Schuh, Chief Originations Officer, Starwood Property Trust
Tim Stoner, Managing Director, USAA Real Estate
Following an unprecedented downturn in the economy and lending activity, the real estate finance industry has quickly bounced back. What have we learned from this recent downturn and more importantly, where do we go from here? Experts representing varied sources of capital from owners to institutional lenders look at how the financing markets have changed and what risks and opportunities may lie ahead. What is working in real estate finance, and where are the remaining challenges?
Sponsored by:
Break
3:55pm - 4:05pm ET
Spending and Taxing: Update from DC (CLE Credits Available)
4:05pm - 4:55pm ET
Moderator:
Pat Sargent,
Partner, Alston & Bird LLP
Panelists:
Justin Ailes,
Managing Director, Government Relations, CRE Finance Council
Genger Charles,
Head of Government Relations and Strategy, Amherst
Laura Haines,
SVP, Government Affairs, Guardian Life Insurance Company of America
Kevin MacMillan,
Head of Government Relations, U.S. Bank
Discussion Topics:
- Economic policy in the Biden Administration
- 220 to 211 (and 50 to 50) – the majority in today’s Congress
- Bipartisanship after January 6
- Banking and financial services priorities
- Infrastructure spending
- Tax proposals to pay for infrastructure spending
- Key topics in the 117th Congress: housing affordability, ESG, and pandemic risk insurance
Networking
5:00pm - 6:00pm ET