RECM Conference 2024
A sense of optimism pervaded the air at Goodwin and Columbia University’s annual Real Estate Capital Markets (RECM) conference on March 27. Attendees discussed an array of trends, including investment opportunities in offices, advancements in AI that could transform data analysis, and heightened interest in data centers and other operational real estate. They noted some pockets of real estate — such as luxury hotels — are poised to grow particularly fast, while dry powder remains elevated for certain areas including closed-end real estate funds. Scroll down for highlights, including videos of conference sessions.
We would love to keep the conversation going. Please connect with our Real Estate team to discuss points raised at RECM or any issues you may be facing.
Insights and Takeaways
‘Office Is Not Dead,’ and Other Takeaways on the Real Estate Outlook
Commercial real estate investors expect the market to improve and transactions to increase
What’s Hot in Commercial Real Estate, in Charts
Session Videos
Roy March, Chief Executive Officer, Eastdil Secured
Bryan Donohoe, Partner, Co-Head of US Real Estate, Ares US Real Estate
Adam Gallistel, Regional Head, RE Americas, GIC
Soultana Reigle, Head of US Equity and Senior Portfolio Manager for US Value-Add Strategies, PGIM Real Estate
Moderator: Nancy Lashine, Founder and Managing Partner, Park Madison Partners
Allen Smith, Managing Partner, Mohari Hospitality
Moderator: Stephanie Ricca, Editor-in-Chief, Hotel News Now
Brian Steinwurtzel, Co-CEO and Principal, GFP Real Estate
Matt Anderson, Chief Digital Officer, Carlyle Group
Moderator: Steve Weikal, Industry Chair, MIT Real Estate Transformation Lab Managing Partner | MET Fund II
About The Sponsors
With over 200 lawyers in Europe, Asia, and the United States, Goodwin’s global Real Estate practice takes a practical approach based on deep market insights to help private and public clients make the most of every investment decision. We are experienced across the full spectrum of real estate specialties, enabling us to represent clients through the full lifecycle of their real estate investments. From private fund formation and financings to REITs and M&A, we specialize in structuring, raising, and deploying capital.
Our team represents over 50% of PERE’s top-ranked private equity real estate managers, more than 30 REITs, and more than 50 hospitality companies globally.
Visit the following pages for more details.
At the Very Center of Business
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.
Paul Milstein Center for Real Estate
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.
Get In Touch
Please reach out to RECMConferenceRequest@goodwinlaw.com if you are interested in attending this event.
RECM Alumni
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