5:30 - 6:30 p.m.
Registration, Cocktails, Hors d'oeuvres (Grand Ballroom)

Research Sponsors' Colloquium (open only to Research Sponsors, Executive Committee, and special guests)
Private meeting with David Gergen, Professor of Public Service, John F. Kennedy School of Government, Director of Center for Public Leadership, Harvard University; editor-at-large, U.S. News & World Report.
(Parkview Suite, 4th Floor)

6:30 - 7:30 p.m.
Dinner (Grand Ballroom)

7:30 - 8:00 p.m.
Awards: Recognition of student and faculty award winners

8:00 - 8:45 p.m.
Featured Speaker: David Gergen, Professor of Public Service, John F. Kennedy School of Government, Director of Center for Public Leadership, Harvard University; editor-at-large, U.S. News & World Report.
Title: "The Dangers of Drift: American Leadership in the 21st Century"

8:45 - 9:45 p.m.
Members' Reception (Boathouse Row Bar)

FRIDAY, APRIL 20, 2007
The Rittenhouse, Philadelphia

8:00 - 9:00 a.m.
Registration, Members' Continental Breakfast

9:00 - 9:05 a.m.
Welcoming Remarks
Michael Fascitelli, Chairman, Advisory Board; and
Prof. Joseph Gyourko, Director, Zell/Lurie Real Estate Center

9:05 - 10:05 a.m.
“What Does the Economy Hold for Real Estate and Other Investment Markets?”
Panel Session 1: Real estate investing has become well-integrated into the broader capital markets over the past decade. Hence, capital flows to the industry increasingly depend upon valuation relative to other investment alternatives. Listen to three prominent economists and forecasters discuss their perspectives on national and global economic conditions, expected returns in the stock and bond markets, and what all this means for real estate.
Moderator: Joseph Gyourko, Martin Bucksbaum Professor of Real Estate, The Wharton School
Panelists:
Peter Linneman, Sussman Professor of Real Estate and Finance, The Wharton School
Allen Sinai, Chief Global Economist and President, Decision Economics, Inc.
Mark Zandi, Chief Economist and Co-founder, Moody's Economy.com, Inc.

10:05 - 10:25 a.m.
BREAK

10:25 a.m. - 11:35 a.m.
“Sustainable and Green Development: Meeting the Future Today”
Panel Session 2: This session will investigate the design, marketing, and financing implications of green, sustainable real estate assets. Key issues to be discussed include:

• What does sustainability mean, for both new developments and the renovation and conversion of existing assets?
• What are the marketing opportunities and challenges of developing a 'green' building?
• What is LEED certification? How costly is it?
• What are cities considering in terms of regulatory standards and incentives for sustainable projects?
• How does developing a 'green' building affect financing?

Moderator: Lynne Sagalyn, Professor of Real Estate Development and Planning, The Wharton School
Panelists:
George Aridas, Senior Vice President, Albanese Organization
William Browning, Founder, Browning + Bannon LLC; Principal, Browning Partners LLC
Mark Maloney, former Director, Boston Redevelopment Authority
Rafael Pelli, AIA, Principal, Pelli Clarke Pelli

11:35 - 11:50 a.m.
BREAK

11:50 a.m. - 12:40 p.m.
Keynote Speaker: Dennis Ross, Counselor and Ziegler Distinguished Fellow, The Washington Institute for Near East Policy
Title: "Contending with Challenges from the Middle East"

12:40 - 1:35 p.m.
LUNCH

1:35 - 2:40 p.m.
“Mixed Use/High Density Development: Niche or the Wave of the Future?”
Panel Session 3: Large and small mixed use projects are getting a lot of press. Will mixed use become mainstream? Does it really work? How do you do it well? Can you mitigate the risks and balance the inherent trade-offs between uses? Be ready for divergent views from this expert panel.
Moderator: Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center, The Wharton School
Panelists:
Jeff T. Blau, President, The Related Companies, LP
Witold Rybczynski, Martin and Margy Meyerson Professor of Urbanism, The University of Pennsylvania
Richard F. Tomlinson II, Partner, Skidmore, Owings & Merrill, LLP
Kenneth P. Wong, President, Westfield LLC

2:40 - 3:00 p.m.
BREAK

3:00 - 3:55 p.m.
A Conversation with Sam Zell and Jonathan Gray
Panel Session 4: Sam Zell and Jon Gray will "share the couch" with Peter Linneman as they engage in a wide-ranging conversation about investment strategies, views of the economy, and opportunities. Time will be provided for your questions. Don't miss this discussion, which promises to be another genuinely memorable session.
Moderator: Peter Linneman, Sussman Professor of Real Estate and Finance, The Wharton School
Panelists:
Jonathan D. Gray, Senior Managing Director, Co-Head of the Real Estate Group, The Blackstone Group
Samuel Zell, Chairman, Equity Group Investments, LLC

3:55 p.m.
Closing Comments
Michael Fascitelli, Chairman, Advisory Board, Zell/Lurie Real Estate Center