Tuesday, January 9, 2024

Program times are listed in Eastern Standard Time. 

Registration
7:30am - 5:30pm
Americana Foyer

Registration Sponsor:

Networking Breakfast
7:30am - 9:30am
Americana Foyer

Sponsored By:

Servicers and Special Situations Forum
8:30am - 9:20am
Americana Ballroom  

Moderators:
Leslie Hayton, Managing Director, Head of CMBS Asset Management, Wells Fargo
Tony Yousif, Director - National Accounts, SVN

Featured Speaker:
Wally Reid, Senior Managing Director, Capital Markets Debt Platform Leader, Jones Lang LaSalle

Panelists: 
Stacy Ackermann, Partner & Practice Area Leader - Finance, K&L Gates LLP
Pamela Dent, Vice President - Multifamily Asset Management, Freddie Mac
Adam Fox, Senior Director, Structured Finance Commercial Servicers & CMBS, Fitch Ratings
Andrea Helm, Senior Vice President, PNC Real Estate/Midland Loan Services
Curt Spaugh, Senior Director, Special Servicing, SitusAMC

Discussion Topics:

• Uncertainty around valuations and how they play into the masters role as liquidity provider and advancing obligations.  What does the Master Servicer consider when evaluating recoverability of advances?  
• Special Servicing Transfers, are loans staying in special servicing longer due to challenges in the market and exit strategy options?
• What are we seeing in distress?  Office is deteriorating quickly and the hot topic, but nothing is invulnerable.
• Challenges in transparency in Special Servicing.

Welcome to Miami: Migration South and Other Real Estate Trends Post-COVID
9:35am - 10:25am
Americana Ballroom 

Moderator:
Toby Cobb, Managing Partner, 3650 REIT

Panelists:
David Martin, Chief Executive Officer, Terra
Nitin Motwani, Managing Partner, Merrimac Ventures and Managing Partner, Miami Worldcenter Associates
Nicholas Perez, President, Condominium Division, Related Group
Craig Robins, President and CEO, Dacra

Discussion Topics:

• Updates from real developers with real projects in today’s Miami
• What is today’s Miami and can the momentum continue? 
• What does the Southeast migration mean for other markets? 
• Trends in development, opportunities and challenges

Alternative Lenders and High Yield Investors Forum
10:40am - 11:30am
Americana Ballroom 

Moderator:
Samir Tejpaul, Managing Director, Affinius Capital

Panelists:
Thanh Bui, Managing Director, Clarion Partners 
Aaron Casden, Executive Director, J.P. Morgan
Ben Gray, Partner, Apollo Global Management 
James Millon, President, U.S. Debt & Structured Finance, CBRE Capital Markets, Inc.
Samantha Rotchford, Managing Director, BDT & MSD Partners

Discussion Topics:

• What happened in 2023?
• Interest rates – volatility, additional rate increases, “higher for longer”?
• Senior lender market dislocation – who’s in and who’s out? 
• Traditional and Alt lenders – where is the focus? 
• Opportunities for 2024

Luncheon Keynote
11:45am - 1:30pm
Americana Foyer

Welcome Remarks:
Lisa Pendergast, Executive Director, CRE Finance Council

CREFC Legislative & Regulatory Update:
Sairah Burki, Managing Director, Head of Regulatory Affairs and Sustainability, CRE Finance Council
David McCarthy, Managing Director, Chief Lobbyist, Head of Legislative Affairs, CRE Finance Council

Luncheon Keynote Speaker: 
Shaquille O'Neal, Hall of Famer, Entrepreneur, Media Personality and Philanthropist

Moderator:
Harris Trifon, Partner and Portfolio Manager, Lord, Abbett and Co.

Luncheon Keynote Sponsors:

B-Piece Investors Forum
2:00pm - 2:50pm
Americana Ballroom

Moderator:
Jason A. Nick, Chief Investment Officer, Private Securities, Starwood Property Trust

Featured Speaker:
Stav Gaon, Head of Securitized Products Research and Strategy, Academy Securities

Panelists:
Zach Freedman, Managing Director, Eightfold Real Estate Capital, L.P.
David King, Managing Director, Greystone
Peter Lindner, Managing Director - Credit Investments, Rialto
Lyndsay Stephenson, Managing Director, Prime Finance 
Frank Yin, Director, KKR – Kohlberg Kravis Roberts

Discussion Topics:

• One year into the 5yr loan experiment – Is it working? 
• Office – Is it getting better? 
• Structuring loans in a low DSCR environment
• Where is additional volume going to come from?

Risky Business: Rising Real Estate Insurance Costs & Managing Operating Expenses in the Face of Climate Change
3:05pm - 3:55pm
Americana Ballroom

Moderator:
Sairah Burki, Managing Director, Head of Regulatory Affairs and Sustainability, CRE Finance Council

Panelists:
Laura Bushey, Vice President, Insurance Servicing, Berkadia Commercial Mortgage LLC
Kevin Fagan, Head of CRE Economic Analysis, Moody's Analytics
Danielle Lombardo, Chair, Lockton Global Real Estate Practice, Lockton Companies
Emily Rasmussen, President & Chief Operating Officer, Resilience Insurance Analytics
Paul Wooldridge, Director, Multifamily Insurance Compliance, Freddie Mac

Discussion Topics:

• The latest trends in the availability and cost of Property & Casualty insurance
• Is credit tightening in geographies that are more susceptible to physical risks (e.g., wildfire, hurricane, flood)?
• Trends in reinsurance that are affecting primary insurance and what we’re seeing in self-insurance/captive insurance
• What tools (e.g., models, scenario analyses) do insurers have to predict insurance needs? What constraints do they face in trying to implement more robust forecasting approaches?
• Is building/property fortification a way in which property owners can reduce insurance costs? Are insurers offering credits related to improving a property’s ability to withstand specific climate perils? 
• How can financial institutions support LMI communities and people in areas that are more prone to physical risk?

Investment-Grade (IG) Bondholders Forum
4:10pm - 5:00pm
Americana Ballroom 

Moderator:
Richard Razza, Managing Director, Webster Bank

Featured Speaker:
Darrell Wheeler, Head of CMBS Research, VP-Sr Credit Officer, Moody's Investors Service

Panelists:
Rajesh Bansal, Co-Founder and President, Quiq Capital
Leslie Hayton, Managing Director, Head of CMBS Asset Management, Wells Fargo
Alex Killick, Managing Director, CWCapital
Jane Rivers, Vice President, Credit Analyst, T. Rowe Price Associates, Inc

Discussion Topics:

• Servicing Decisions and Impact along the Capital Stack
• Servicing Mechanics Relative to Valuations, Appraisal Reductions and Advancing
• New-issue CMBS/CRE CLO Investing 
• Trading Liquidity amidst Uncertainty

Additional panel information to be announced.

Networking Reception
5:00pm - 6:30pm
Loews Miami Beach Hotel

Networking reception Sponsors: