RECM Conference 2023

7:45 AM – 8:30 AM | Registration & Breakfast

8:30 AM – 8:35 AM | Opening Remarks

8:35 AM – 9:25 AM | Keynote Session

9:25 AM – 10:05 AM | Integrating Climate Risk with Real Estate Investment

10:05 AM – 10:30 AM | Refreshment Break

10:30 AM – 11:15 AM | The Evolving Landscape of Banking, Credit, Real Estate: Implications and Opportunities

11:15 AM – 12:05 PM | Global Flows of Capital

12:05 PM – 12:40 PM | Featured Speaker

12:40 PM | Closing Comments

12:45 PM | Networking Lunch

Scott Rechler — Keynote Speaker
Chief Executive Officer and Chairman
RXR

Scott Rechler is the Chief Executive Officer and Chairman of RXR, an innovative investor, developer, and place-maker committed to applying a customer and community-centered approach to all aspects of its business. Before starting RXR, Scott served as the Chair and CEO of Reckson Associates, which he helped take public in 1995. RXR was founded in 2007, on the day after Scott and his partners sold Reckson Associates for over $6 billion, generating a 700% return to Reckson’s investors. Since its founding, RXR has raised over $10 billion of private equity through a series of funds and separate account vehicles and built an over 500-person, fully-integrated team of professionals with expertise in operations, construction and development, investment management, and more. RXR manages over 30 million square feet of commercial properties with a gross asset value of $21.2 billion. RXR also has a multi-family residential portfolio of 8,000 units under operation or development, an over $4 billion new terminal under construction at JFK International Airport, and an expanding national portfolio and development pipeline in some of the fastest-growing markets in the country, including Phoenix, Denver, Raleigh, and Tampa.

In addition to his role at RXR, Scott currently serves as Vice Chair on the Board of Directors for View, Inc. (NASDAQ:VIEW), for which RXR recently led a $200 million investment. View, a manufacturer of dynamic glass, is a leader in smart building technologies that transform buildings to prioritize wellness while reducing energy consumption and carbon emissions. View's smart windows use artificial intelligence to adjust automatically in response to outdoor conditions, eliminating the need for blinds and increasing access to natural light. The company also develops leading software tools that digitize the built environment. Scott also served on the Board of American Campus Communities (NASDAQ:ACC) after Reckson took a controlling interest in the company in 1998 and later took the company public in 2004. ACC would grow to become the largest student housing company in the United States and was recently acquired by Blackstone for $13 billion in 2022.

Scott has held numerous leadership positions at various levels of government. In December 2021, Scott was elected to a 3-year term on the Board of Directors of the Federal Reserve Bank of New York. From 2011 to 2016, Scott served on the Board of Commissioners as Vice Chairman for the Port Authority of New York and New Jersey. He later served on the Board of the New York Metropolitan Transportation Authority (MTA) from 2017 to 2019. From 2017 to 2023, Scott served as the Chair of the Regional Plan Association (RPA), a not-for-profit organization focused on the quality of life and the economic competitiveness of the NY Tri-State metropolitan area.

Scott also serves as trustee and Vice Chair of the National September 11 Memorial and Museum at the World Trade Center, a member of the Real Estate Board of New York (REBNY) and the national organization, the Real Estate Roundtable (RER), Chair of The Feinstein Institute for Medical Research and a member of the Board of Trustees at Northwell Health, the Hospital for Special Surgery and a member of the NYU Real Estate Institute Advisory Committee, and the Board of the Drum Major Institute. Scott is a graduate of Clark University and the New York University Schack Institute. Scott is married to Debby Rechler and is the proud father of Gabrielle, Elijah, and Tyrone.

Roger Morales - Featured Speaker
Partner, Head of Commercial Real Estate Acquisitions
KKR

Roger Morales (New York) joined KKR in 2011 as part of the founding team that formed KKR’s Real Estate Platform. He is the Head of Commercial Real Estate Acquisitions and is jointly responsible for all aspects of the business including acquisitions, portfolio management and fundraising. He sits on KKR’s Real Estate Equity Investment Committee, Credit Investment Committee and Portfolio Management Committee in the Americas. Prior to joining KKR, Mr. Morales worked with Eton Park Capital Management and with Vornado Realty Trust where he focused on real estate and real estate related investment opportunities. Before attending business school, he worked with JP Morgan Partners where he focused on middle market corporate private equity, and with Goldman, Sachs & Co.'s leveraged finance group. He received a B.A. from the University of Miami and an M.B.A. from Harvard Business School. Mr. Morales is a member of the Urban Land Institute and is a member of one of its Industrial and Office Park Development Councils. He is also a member of the University of Miami Real Estate Advisory Board. Mr. Morales is an alumni and a former board member of Sponsors for Educational Opportunities (SEO).

Additional Speakers

Stuart Baldwin
Partner
Hodes Weill & Associates

Stuart Elizabeth Baldwin is a Partner of Hodes Weill & Associates, a leading global capital advisory firm focused on real estate, infrastructure and other real assets with offices in New York, Denver, London, Amsterdam, and Hong Kong. She is a member of the firm’s Operating Committee. Ms. Baldwin joined Hodes Weill at inception in 2009 and leads its Project Management team. In this role, Ms. Baldwin is responsible for the origination, structuring and execution of the firm’s real estate capital raising and advisory mandates globally, working closely with real estate managers.

Previously, Ms. Baldwin was a Vice President of Credit Suisse, based in New York. Ms. Baldwin rejoined Credit Suisse in April 2008 as a member of the Real Estate Investments Group (REIG), which included the firm's real estate investment businesses within the Alternative Investment Group. As of March 2009, REIG had over 250 professionals and approximately $40 billion of assets under management in a range of core, opportunistic and securities (long and hedged) funds and separate accounts, and a newly formed Customized Fund of Funds business. Prior to joining Credit Suisse in 2008, Ms. Baldwin was an Associate of Black Creek Group, a real estate private equity firm focused on creating and managing real estate operating companies. Ms. Baldwin began her career at Credit Suisse in the Real Estate Private Fund Group, Credit Suisse's third-party real estate fund raising business.

Ms. Baldwin received a BS from the University of North Carolina at Chapel Hill. Ms. Baldwin is a member of WX, Inc., New York Women Executives in Real Estate.

Jacques Gordon
Lecturer
MIT Center for Real Estate

Global Strategist
LaSalle Investment Management

Jacques recently joined the faculty of MIT’s Center for Real Estate as a Lecturer and an “Executive in Residence”. He teaches Portfolio Management and does research on international real estate trends such as sustainability, transparency, and investment strategy.

From 1994-2022, Jacques was the Global Head of Research and Strategy for LaSalle Investment Management, a global real estate investment manager with $82 billion in assets under management. LaSalle is an affiliate of the global real estate services firm, JLL. At LaSalle Jacques was responsible for the macro strategy and micro research used to guide investment decisions in 20 countries. He led the global research team, which tracks capital markets, regional economies, and property markets. Prior to LaSalle, he served as director of research at Barings Real Estate, at RERC (Real Estate Research Corporation) and as a Research Associate at the Urban Institute.

Jacques received the “Graaskamp Award” from the Pension Real Estate Association (PREA) for his contributions to real estate research and education. He originated the Jones Lang LaSalle Global Transparency Index in 1999, which has become the world standard for understanding international real estate. Jacques received his PhD from MIT, MSc from the London School of Economics and Political Science and a BA from the University of Pennsylvania.

He continues to serve on the Boards of the JLL Income Property Trust, The Real Estate Research Institute, and The Institute for Urban Research at the University of Pennsylvania. He currently co-chairs the Social Impact committee at the Pension Real Estate Association and serves as a founding member of LaSalle’s Climate Risk Task Force.

Nancy Lashine
Founder and Managing Partner
Park Madison Partners

Ms. Lashine is the Founder and Managing Partner of Park Madison Partners, a real estate capital markets firm. The firm is a leading advisor to investment management firms and operators and provides capital placement services from institutional investors. The firm has placed over $21 billion of equity from a wide range of global investors for its clients in funds, programmatic investments, portfolio recapitalizations and separate accounts. Park Madison is headquartered in New York City and is a FINRA regulated broker dealer.

Ms. Lashine has over 35 years of real estate and investment marketing experience. Prior to forming Park Madison Partners, Ms. Lashine was a strategic consultant advising leading institutional real estate investment managers on product development and the implementation of institutional marketing initiatives. Ms. Lashine was an early member of The O'Connor Group and began her finance career at LF Rothschild, Unterberg and Towbin.

Ms. Lashine earned her MBA at Columbia University Graduate School of Business, and a BFA, cum laude, from Case Western Reserve in Dance Theatre. She serves on several Boards including the Columbia MBA Real Estate Advisory Board, the Gibney Dance Center Board, and is a past board member of the Pension Real Estate Association. She is a member of ULI and WX (Executive Women in Real Estate.

Betty Liu
Former Executive Vice Chairman
NYSE

Ms. Liu is an accomplished entrepreneur, business leader and journalist with unmatched access to C-suite executives across a variety of industries and particularly in Asia. She most recently served as the Executive Vice Chairman of the New York Stock Exchange and Chief Experience Officer for NYSE’s parent company, ICE (NYSE:ICE). While at the exchange, Ms. Liu was actively involved in more than 25 initial public offerings and founded the NYSE Board Advisory Council which brought together CEOs to advance diversity in the boardroom. Ms. Liu also has extensive experience raising public and private capital. She founded the Special Purpose Acquisition Company, D and Z Media Acquisition, whose IPO was ten times oversubscribed and was also founder of ed-tech company, Radiate, which raised two rounds of venture capital before being bought by ICE in 2018. Prior to her business career, Ms. Liu was an award-winning journalist for over 25 years, and is best known for serving as a leading anchor and editor-at-large at Bloomberg Television and Bloomberg Radio. Ms. Liu hosted “In the Loop” and developed several franchises including “Titans at the Table,” reaching over 340 million viewers globally. She is also author of two books including Work Smarts: What CEOs Say You Need to Know to Get Ahead. Ms. Liu also serves on the boards of global beauty company, L'Occitane, and Robert F. Kennedy Human Rights.

Christopher J. Mayer
Paul Milstein Professor of Real Estate; Professor of Finance Co-Director, Paul Milstein Center for Real Estate
Columbia Business School

Christopher Mayer’s research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Professor Mayer is also CEO of Longbridge Financial, an innovative reverse mortgage company focused on delivering responsible home equity products to older Americans to help finance retirement. Mayer serves as a research associate at the National Bureau of Economic Research, a director of the National Reverse Mortgage Lenders Association, and a member of the Academic Advisory Boards for Standard and Poor's and the Housing Policy Center at the Urban Institute.

Mayer is active in the media and advising policymakers, testifying six times before committees of the U.S. Senate and House of Representatives, writing a paper for the Financial Crisis Inquiry Commission, and authoring numerous op-ed articles in major publications. He previously served as senior vice dean at Columbia Business School and held positions at the Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He earned a BS in Math and Economics from the University of Rochester with highest honors and a PhD in Economics from MIT.

Eric Rosengren
Former President and CEO
Federal Reserve Bank of Boston

Eric Rosengren is currently a Visiting Scholar at the MIT Golub Center for Finance and Policy. Prior to that, he was the President and CEO of the Federal Reserve Bank of Boston for 14 years where he served as a member of the Federal Open Market Committee, which sets monetary policy. Under his leadership, the Boston Reserve Bank ran several emergency facilities, including the AMLF during the Great Financial Crisis and the MMLF and Main Street Lending facility during the pandemic. The Boston Reserve Bank was also a leader in innovative real-time payments and conducted technology work on a central bank digital currency. He also was responsible for a collaborative effort with national foundations, philanthropic organizations and state governments to support low- and moderate-income families in New England. His research has most recently focused on monetary policy, financial stability, financial regulation, and risk management.

Rosengren received a BA from Colby College in 1979 and a Ph.D from University of Wisconsin Madison in 1986.

Bryan Thornton
Managing Partner
PCCP

Bryan Thornton joined PCCP in 1999 and oversees the management of PCCP’s equity business, including the implementation of fund and individual client strategies and portfolio management. Mr. Thornton is a member of PCCP’s Management Committee. Mr. Thornton earned his bachelor’s degree in Economics from the Wharton School at the University of Pennsylvania. He is a member of the Urban Land Institute and NAREIM. In connection with Urban Land Institute, Mr. Thornton is involved nationally with ULI’s UrbanPlan program, which works with high school seniors on the challenges of communities and developing a built environment. 

Ahmad Wani
CEO and Co-Founder
One Concern

Ahmad Wani serves as the CEO and Co-Founder of One Concern, a Palo Alto-based benevolent artificial intelligence company, with a mission to save lives and livelihoods before, during and after natural disasters. As the leader of One Concern, Mr. Wani directs the company’s day to day operations and is responsible for the development and execution of its long-term strategy and vision.

A native of Kashmir, South Asia, Mr. Wani survived the devastation of major disasters that impacted his family and community, providing the inspiration that fuels his commitment to building global resilience. Recognizing the inadequacy of traditional disaster solutions, Mr. Wani and his team at One Concern are using artificial intelligence to revolutionize the world’s understanding of natural phenomena sciences, thereby enabling both government and the private sector to better prepare for, respond to and recover from natural disasters

Mr. Wani holds a Graduate Degree in Structural Engineering, with a focus on seismic engineering, from Stanford University. Before attending Stanford, Mr. Wani graduated top of his class at the National Institute of Technology, India, earning a Gold Medal award for distinction. Before moving to California, Mr. Wani performed structural design and risk analysis for critical infrastructure for the Central Government of India.

Brady Welch
Founding Partner
Slate Asset Management

Brady co-founded Slate Asset Management in 2005. Slate is a global alternative investment platform targeting real assets. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments.

Brady has over 30 years of experience in the real estate industry in North America and Europe. Prior to Slate, Brady held senior management positions with Fortress Investment Group from 1998 to 2005, where he was responsible for asset management strategies, financing and originations for both direct real estate investments and real estate debt portfolios. Prior to Fortress, he managed Truscan’s (former real estate arm of Canada Trust) investments in Class A office towers in Canada’s five major urban markets. Brady began his career in the mid-1990s with Brazos Advisors, participating in the acquisition and work-out of over $2 billion in distressed real estate loan pools from insurance companies and financial institutions.

Brady co-chairs Slate’s Investment Committee, together with Blair Welch, and is a member of Slate’s Management Committee. He is also a member of the Board of Trustees of Slate Office REIT and Slate Grocery REIT.

Brady holds a Bachelor of Commerce degree from Mount Allison University.

• REI 2022 Year in Review
• The Growth of Operational Real Estate: An Overview
• Goodwin's Operational Real Estate Practice (vimeo.com)
• Hospitality & Leisure Trend Watch | Goodwin Procter (goodwinlaw.com)
• Distressed Real Estate | Expertise | Goodwin Procter (goodwinlaw.com)

• Executive Education: Real Estate Investing
• What is the Real Estate Circle?

For over 100 years, we’ve helped develop leaders who create value for business and society at large. Today, we’re guiding students to solve the increasingly complex challenges of the modern business era with our cutting-edge curriculum, groundbreaking research, commitment to an inclusive and representative community, and real-time connection to industry and practice, both within New York City and around the world.

From pioneering courses to STEM certification to unique immersive and experiential learning opportunities, our curriculum continues to expand and evolve. Infusing management fundamentals with data science and of-the-moment business intelligence, Columbia Business School delivers unmatched insights and learning across key areas of business, including digital transformation, entrepreneurship and innovation, twenty-first century finance, the intersection of business and society, and climate and sustainability.

Columbia is where theory meets practice. Through a constantly evolving curriculum and a deep connection to business, we’ve stayed at the forefront of business education by evolving alongside it. Our dynamic faculty understand how and when the business world is shifting — and we respond by regularly introducing new programs and courses to challenge and prepare our students for success in a rapidly changing landscape.

At Columbia Business School, the Paul Milstein Center for Real Estate delivers the renowned MBA Real Estate program, offering an innovative, robust, industry-led curriculum and a comprehensive research program led by full-time faculty experts. Leveraging premier intellectual capital and its New York location at the heart of global capital markets, the mission of the MBA Real Estate Program is to integrate theoretical and practical knowledge of real estate as it relates to the everchanging global market for real estate finance and investment.

The Center, which was endowed by the Milstein Family in 2001, furthers that mission by delivering compelling courses, impactful research, a wide variety of student and alumni activities, and directs all initiatives and functions related to real estate at Columbia Business School, inclusive of employer relations and career advising. The Center also provides and underwrites tools and resources for students and faculty to use both in and out of the classroom and to conduct research.

Beyond the classroom, curating more than 50 annual programs and activities and interweaving a powerful real estate community throughout, the Center provides a coveted platform for sharing expertise and strengthening networks among its various constituents, presenting specific opportunities for stimulating exchange among students, alumni, faculty members, and the real estate industry at large. Additionally, the Center coordinates and presents the Columbia Real Estate Alumni Circle and the Columbia Real Estate Forum.

Margaret Brennan
Moderator of CBS News’ Face the Nation with Margaret Brennan & CBS News’ Chief Foreign Affairs Correspondent

Annemarie DiCola
CEO, Trepp LLC

Sonny Kalsi
Chief Executive Officer, BentallGreenOak

Joseph D. Margolis
Chief Executive Officer, Extra Space Storage Inc.

Stephen A. Schwarzman
Chairman, CEO and Co-Founder, Blackstone

Owen D. Thomas
Chief Executive Officer, Boston Properties

Kenneth F. Bernstein
President and Chief Executive Officer, Acadia Realty Trust

Martin E. "Hap" Stein, Jr.
CEO and Chairman, Regency Centers

Tom Flexner
Vice Chairman of ICG and Global Head of Real Estate, Citigroup

Stephen M. Ross
Chairman and Founder, Related Companies

Roy H. March
Chief Executive Officer, Eastdil Secured

Erskine B. Bowles
Former Co-Chair, National Commission on Fiscal Responsibility and Reform (2010); President Emeritus, University of North Carolina; Former White House Chief of Staff

Austan Goolsbee
Former Chairman of President Barack Obama’s Council of Economic Advisers and Chief Economist for Obama’s Economic Recovery Advisory Board

Jonathan D. Gray
Global Head of Real Estate, Blackstone

Andrew J. Jonas
Co-Head, Real Estate Department, Goldman Sachs

Rick Mishkin
Alfred Lerner Professor of Banking and Financial Institutions Columbia University, Graduate School of Business

Dr. Carmen Reinhart
Co-Author, This Time is Different, Minos A. Zombanakis Professor of the International Financial System, Harvard Kennedy School

Dr. Alice Rivlin
Former Vice Chair, Federal Reserve Board and Senior Fellow, The Brookings Institution

Christina Romer
Former Chair of the Council of Economic Advisers under President Barack Obama (2009-2010) and Professor of Economics, University of California, Berkeley

Robert Shiller
Professor of Economics, Yale University, Professor of Finance, Yale School of Management

Mark M. Zandi
Chief Economist, Moody’s Analytics

Saul Goldstein
ActivumSG Capital Management

Gentry Ashmore Hoit ’90
Finback Real Estate & GAH Real Estate

Jeffrey Horowitz
BofA Securities

Michael Lavipour
Square Mile Capital

Wilson Leung
Angelo Gordon

Albert Rabil ’88
Kayne Anderson Real Estate

David Sherman ’82
BentallGreenOak Strategic Captial Partners & Columbia Business School

Hilary Spann
Boston Properties

Walter Stackler ’94
Shelter Rock Capital

Dr. Betsey Stevenson
University of Michigan

Dr. Shang-Jin Wei
Columbia Business School

Anar Chudgar
Artemis Real Estate Partners

David Hodes
Hodes Weill & Associates

Ric Lewis
Tristan Capital Partners

John Pattar
KKR Asia Limited

Robin Rossmann
STR

Rekha Unnithan
Nuveen

Dr. Robin E. Bell ’89
Lamont-Doherty Earth Observatory of Columbia University

Nicholas Bienstock ’96
Savanna

Jackie Brady
PGIM Real Estate

Keith M. Breslauer
Patron Capital Advisers LLP

Miriam Gottfried
The Wall Street Journal

Marc Ricks
Sidewalk Labs

Zach Aarons ’13
MetaProp

Trish Barrigan
Benson Elliot Capital Management

Ted Bigman
Morgan Stanley Investment Management

Ann Cole
JP Morgan Investment Management

Robert Entin
Vornado Realty Trust

Alok Guar
LaSalle Investment Management

John Helm
Real Estate Technology Ventures (RETV)

Merritt Hummer
Bain Capital Ventures

Christopher J. Mayer
Columbia Business School

Jim Sullivan '89
Green Street Advisors

Kent Tarrach
Brookfield Properties

Ivo de Wit ’17
Global Alpha Fund

Camille J. Douglas
LeFrak Organization

Ronald Kravit
Cerberus Capital Management

Avi Lewitts
The Scion Group

Christopher Mayer
Columbia Business School

Wendy Silverstein
New York REIT

Bill Thompson
Capital Advisory Group, Greenhill & Co., LLC

Jeff Wilson
Kasita

Yulia Yaani
RealAtom

Dan Alpert
Westwood Capital

Russell Appel
The Praedium Group

Joseph F. Azrack
Apollo Global Management

Jeffrey Barclay
ING Clarion Partners

Steven Baum
Five Mile Capital Partners, LLC

Michael Bilerman
Managing Director, Citi Research

Gunnar Branson
President & CEO, NAREIM

Cia Buckley Marakovits ’93
Dune Real Estate Partners

Steven Buller
Fidelity Investments

Dr. Sam Chandan
Chandan Economics

Henry Cisneros
CityView

Ric Clark
Brookfield Properties Corporation

Jeffrey D. DeBoer
The Real Estate Roundtable

Joanne Douvas
Clerestory Capital Partners

Mary Ellen Egbert
JP Morgan Chase

Melissa Farrell
Prudential Mortgage Capital Company

Tom Flexner
Citigroup

Adam Gallistel '04
Region Head of Americas, GIC Real Estate

MaryAnne Gilmartin
President and Chief Executive Officer, Forest City

Ratner Companies

Pat Goldstein
Emigrant Realty Finance

Marc Halle
Prudential Real Estate Investors

Brian Harris
Ladder Capital

David Hodes
Hodes Weill & Associates

Mark Howard-Johnson
BlackRock

Sonny Kalsi
GreenOak Real Estate

John Kessler
Empire State Realty Trust

John Klopp
Morgan Stanley Real Estate Investing

Dr. Quincy Krosby
Prudential Annuities

Leanne Lachman
The Paul Milstein Center for Real Estate, Columbia Business School

Nancy Lashine '81
Managing Partner and Founder, Park Madison Partners

Craig Leupold
Green Street Advisors, Inc.

Alan M. Leventhal
Beacon Capital Partners

Youguo Liang
Prudential Real Estate Investors

Doug Linde
Boston Properties

Jonathan Litt
Land and Buildings

Mary Ludgin
Heitman

Matthew Lustig
Lazard Feres & Co.

Catherine Marcus
Global Chief Operating Officer, PGIM Real Estate

Arthur Margon
Rosen Consulting Group

Frank C. Marchisello, Jr.
Tanger Outlet Centers

Andy McCulloch
Managing Director, Green Street Advisors

Lee Menifee
Prudential Real Estate Investors

Guy A. Metcalfe
Morgan Stanley

Dr. Glenn R. Mueller
Denver University

Devin Murphy
Morgan Stanley

Michael Nash
The Blackstone Group

Tom Nolan
Spirit Realty Capital

Dr. Brian Nottage
JP Morgan Asset Management

Ross T. Nussbaum
UBS

Leeny Oberg
Global Finance, Marriott International, Inc.

Kevin O’Shea
AvalonBay Communities, Inc.

Doug Poutasse
Bentall Kennedy

Joel Prakker
Macroeconomic Advisers

Lee Purcell
Greenhill & Co., LLC

Charles Purse
Park Hill Real Estate Group

Katy Rice ’86
W.P. Carey Inc.

Mitch Roschelle
PwC

Steve Sakwa
Merrill Lynch

Richard Saltzman
Colony Capital, Inc.

Schecky (P. Sheridan) Schechner
Barclays Capital

David M. Sherman '82
Co-Founder, President, and Co-Chief Investment Officer of Metropolitan

Wendy Silverstein
Vornado Realty Trust

Adam J. Spies
Eastdil Secured

Jim Sullivan ’89
Green Street Advisors

Phillip Swagel
(former) U.S. Treasury Department

Susan Swanezy
Hodes Weill & Associates

Thomas W. Toomey
United Dominion Realty

Dr. Raymond G. Torto
CBRE

David Twardock
Prudential Mortgage Capital Company

Tim Wang
Clarion Partners

Seth Weintrob
Morgan Stanley

Doug Weill
Hodes Weill & Associates

Steven Wechsler
National Association of Real Estate Investment Trusts

Greg Wright
Bank of America Merrill Lynch