8:00 - 9:00 a.m.
Registration
Members' Continental Breakfast (Forum Level, Jon M. Huntsman Hall)

8:00 - 8:45 a.m.
Mentors meet with students, concurrent (The Forum, Jon M. Huntsman Hall))

9:00 - 9:10 a.m.
Welcoming Remarks:
(Ambani Auditorium, Room G06, Jon M. Huntsman Hall)
Michael Fascitelli, President, Vornado Realty Trust and Chair, Zell/Lurie Real Estate Center

9:10 - 9:30 a.m.
"State of the Center"
Joseph Gyourko, Martin Bucksbaum Professor of Real Estate and Finance, The Wharton School, Director, Zell/Lurie Real Estate Center
Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center

9:30 - 10:40 a.m.
“Real Estate and the Public-Private Divide: Where Are We Going?”
Panel Session: REITs continue to go private, but the pace of activity varies substantially across property type. What determines the nature of the public-private pricing differential across property types? Why have we seen less activity in the retail sector? What does the future hold for the different property sectors?
Moderator: Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center, The Wharton School
Panelists:
James Corl, Chief Investment Officer, Cohen and Steers
Jay Mantz, Managing Director, Morgan Stanley Real Estate
David Simon, Chairman and Chief Executive Officer, Simon Property Group
Richard S. Ziman, Chairman, American Value Partners

10:40 - 11:00 a.m.
BREAK

11:00 a.m. - 12:10 p.m.
“Global Investing: Is This the Next 'New New Thing' for Real Estate?”
Panel Session: Global real estate investing has grown enormously in the private and public markets. Is the grass really greener outside the U.S. or does it just look better because the real risks are not well understood? From emerging to developed countries and from public to private market investment strategies, we will hear both sides of this evolving story and discuss how this phenomenon is changing the way everyone has to do business in real estate.
Moderator: Joseph Gyourko, Martin Bucksbaum Professor of Real Estate, The Wharton School
Panelists:
Dean S. Adler, President, Lubert-Adler Management, Inc.
Bernd Knobloch, CEO, Eurohypo AG
Michael Pralle, President and COO, J.E. Robert Companies
James E. Rehlaender, Portfolio Manager, Global Real Estate Securities, European Investors

12:10 - 1:40 p.m.
LUNCH
(The Thomas P. Gerrity Colloquium Floor, 8th Floor, Jon M. Huntsman Hall)

1:40 - 2:25 p.m.
Farash Distinguished Lecture
(Ambani Auditorium, Room G06, Jon M. Huntsman Hall)
Farash Lecturer: Thomas S. Robertson, Ph.D., Dean, The Wharton School, and Reliance Professor of Management and Private Enterprise
Title: "Have Business Schools Lost Their Way?"

2:25 - 2:40 p.m.
BREAK

2:40 - 3:50 p.m.
“Tightening Capital Market Conditions: Are They for Real and How Will They Affect Investment and Operations?”
(Ambani Auditorium, Room G06, Jon M. Huntsman Hall)
Panel Session: Spreads and pricing have begun to change in the CMBS market. How is this affecting key real estate capital providers? How will this affect capital structures and pricing by equity players? Is this the beginning of paradigm shift or a more marginal change that will not alter market conditions in a fundamental way?
Moderator: Peter Linneman, Sussmann Professor of Real Estate and Finance, The Wharton School
Panelists:
Michael Fascitelli, President, Vornado Realty Trust
Mark Finerman, Managing Director, RBS Greenwich Capital Markets, Inc.
Mark Weiss, Managing Director, J.E. Robert Company, Inc. and President, JER Investors Trust Inc.

3:50 p.m.
Closing Comments
Michael Fascitelli, President, Vornado Realty Trust and Chair, Zell/Lurie Real Estate Center