RECM Conference 2023

Registration & Breakfast

Welcome

Featured Presentation

Global Flows of Capital Panel Discussion

Refreshment Break

Climate Change and Real Estate

The Great Housing Imbalance 

Keynote Presentation

Closing Comments

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.

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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.

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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.

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Carly Tripp
Global Chief Investment Officer and Head of Investments
Nuveen Real Estate

Carly Tripp is Global Chief Investment Officer and Head of Investments for Nuveen Real Estate. Nuveen Real Estate is one of the world’s leading investment managers with over $125 billion in assets under management. Globally, she leads a team of 200+ investment professionals responsible for all transactional and asset management functions. Carly is also a member of the Global Executive Leadership team.

Prior to her current position, Carly held several leadership positions across the firm, including CIO of the Americas for Nuveen Real Estate, Global Head of Real Estate and Alternatives for TIAA’s $260 billion General Account, and Deputy Portfolio Manager on the TIAA Real Estate Account where she managed over $13 billion in transaction activity. Carly began her career at LaSalle Investment Management where she was a member of the portfolio management team.

Carly received dual B.S. degrees in Finance and International Business from University of Maryland and a M.S. in Economics from the University of North Carolina.

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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.

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