Wednesday, May 3, 2023
Program times are listed in Eastern Standard Time.
Breakfast and Registration
9:00am - 9:45am
Welcome Remarks
9:45am - 10:00am
A Fireside Chat with Andrew Kimball of New York City Economic Development Corporation
10:00am - 11:00am
Featured Speaker:
Andrew Kimball,
President & CEO, New York City Economic Development Corporation
Moderated By:
Thanh Bui,
Managing Director, Clarion Partners
Join us for a fireside chat with Andrew Kimball, President & CEO of New York City Economic Development Corporation (NYCEDC), as he discusses New York City’s revitalization. Learn more about the “New” New York Panel that was launched by Governor Kathy Hochul and Mayor Eric Adams to examine the future of New York City and the region’s economy. Hear what the EDC is doing to spur the innovation sector, the state of play for the city, how public and private real estate can work together, and much more.
Keynote Sponsors:
Networking Break
11:00am - 11:20am
Rebooting NYC Office
11:20am - 12:10pm
Moderator:
Caroline G. Harris,
Managing Partner, Goldman Harris LLC
Panelists:
Chris Balestra,
President & Chief Investment Officer, Taconic Partners
Robert Fuller, AIA, LEED® AP, Studio Director,
Principal, Gensler
Basha Gerhards,
Senior Vice President of Planning, Real Estate Board of New York
Adam Piekarski,
Co-Head of Real Estate Credit, Managing Director, BDT & MSD Partners
Will Silverman,
Managing Director, Eastdil Secured
Discussion Topics:
- Who is buying office today and how are they underwriting?
- Biggest opportunities in the office sector
- Office conversions: What’s viable?
- “Commodity” offices and tenant perspectives
Session Sponsor:
Networking Lunch
12:10pm - 1:20pm
Highs, Lows, and Yields: Lending and Adapting in the Current Environment (Closed to Media, Not Available for Replay)
1:20pm - 2:10pm
Moderator:
Victor Calanog,
Head of Commercial Real Estate Economics, Moody's Analytics
Panelists:
Shaishav Agarwal,
Managing Director, Global Head of Capital Markets, Deutsche Bank Securities Inc.
Michael Gigliotti,
Senior Managing Director and Co-Head of the New York Office, JLL
Rachel Hunter-Goldman,
Director, Real Estate Credit, Kohlberg Kravis Roberts
Mark Silverstein,
Senior Managing Director, NewPoint Real Estate Capital
Alfred Trivilino,
Managing Director, Real Estate Finance, Otera Capital U.S. Inc.
Inflation, interest rates, recessions, bank runs. Uncertainty around the future of asset classes like office. What’s a lender to do during highly uncertain, volatile times? Join this panel and hear from people in the front lines about what they’re doing in the current environment to move their business forward.
- What deals are getting done (and not getting done) today, and why
- Has CRE lending begun to scale back given uncertainty? By how much, and how quickly?
- What needs to happen for things to get better and for the market to turn?
- Forecasts for CRE lending volume, and what keeps economists up at night about the CRE lending market
Networking Break
2:10pm - 2:30pm
Fact or Friction: High Yield Investor Perspective (Closed to Media, Not Available for Replay)
2:30pm - 3:20pm
Moderator:
Christine O'Connell,
Partner, King & Spalding LLP
Panelists:
Josh Brand,
Head of B-piece Acquisitions, Argentic
Seth Fisher,
Principal, Head of Special Situations, Prime Finance
Christopher Herron,
Managing Director, Iron Hound Management Company
Niral Shah,
Managing Director, Head of Servicing Operations, Rialto Capital Advisors
Eric Sitman,
Director, Taconic Capital Advisors
Discussion Topics:
- With the market in such a flux, how can you turn potential obstacles into opportunities?
- How are you uncovering the best opportunities? Relationships, brokers, or closely tracking distress in the market?
- What strategies do successful high-yield lenders employ to distinguish themselves in this market environment?
- As the commercial real estate landscape continues to shift, is it still a smart move to invest in office?
- What are the challenges or opportunities in finding sources of capital in today’s market environment?
- How do you determine where to invest within the capital stack, and how do changing interest rates influence these decisions?
Networking Break
3:20pm - 3:40pm
NCREIF Open-end Debt Fund Aggregate Overview
3:40pm - 4:10pm
Moderator:
Lisa Pendergast,
Executive Director, CRE Finance Council
Panelists:
Joe D'Alessandro,
Director of Real Estate Performance Measurement, National Council of Real Estate Investment Fiduciaries
Drew Fung,
Managing Director, Head of Debt Investments, Clarion Partners
Kirloes Gerges,
Managing Director, Portfolio Management, Principal Asset Management
NCREIF and CREFC are working together to launch a CRE open-end debt-fund aggregate that will provide investors with insights into fund investments and performance. Join us at CREFC’s High Yield, Lending & Investing Conference to hear about the development of this product and its import to the industry.
Download the Presentation
Deal or No Deal? The CRE Syndication Marketplace (Closed to Media, Not Available for Replay)
4:10pm - 5:00pm
Moderator:
Samir Tejpaul, Managing Director, Affinius Capital
Panelists:
Brian Carey, Executive Director, J.P. Morgan
Will Dionisio, Vice President, Portfolio Manager, PIMCO
Nitin Jagga, Vice President, Goldman Sachs
Mark Kramer, Senior Managing Director, PPM America
Bridget Scanlon, Executive Director, Morgan Stanley
Discussion Topics:
- Liquidity: Is anyone home? How are syndicate partners signaling their willingness to participate in deals across the capital stack regarding timing, sizing, asset class, and yield?
- The Market(place): What is the flavor of the week? How do you position syndication deals, including CMBS, senior and subordinate debt, whole loans, and NPLs, in consideration of market depth?
- Flip a Coin: Refinance vs. acquisition. Given current market conditions, what are the challenges and opportunities of refinancing and acquisition deals? How do you develop strategies to differentiate between the two and generate interest among internal and external stakeholders, such as co-lenders, bond investors, and subordinate capital providers?
- Risk vs. Reward: Is it time to be creative? What are some creative strategies to mitigate risk and increase return in a volatile marketplace?
Networking Reception
5:00pm - 6:00pm