Mastering the metropolis through research and thought leadership.
Fall Members' Meeting · Thursday, October 29 – Friday, October 30, 2015

Agenda

OCTOBER 29: The Barnes Foundation, 2025 Benjamin Franklin Parkway, Philadelphia PA
OCTOBER 30: The Inn at Penn, 3600 Sansom Street, Philadelphia PA

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View the Participants Who's Attending

The Inn at Penn
3600 Sansom Street
Philadelphia, PA 19104
Thursday, October 29, 2015
6:00-7:00 pmRegistration, Cocktails, Hors d'oeuvre
(The Barnes Foundation · 2025 Benjamin Franklin Parkway · Philadelphia PA)

Research Sponsors, Executive Committee and Special Guests ONLY

7:00-8:00 pmDinner
(The Barnes Foundation · 2025 Benjamin Franklin Parkway · Philadelphia PA)

Research Sponsors, Executive Committee and Special Guests ONLY

8:00-10:00 pmTour The Barnes Collection
(The Barnes Foundation · 2025 Benjamin Franklin Parkway · Philadelphia PA)

Research Sponsors, Executive Committee and Special Guests may privately tour The Barnes Collection.

The Inn at Penn
3600 Sansom Street
Philadelphia, PA 19104
Friday, October 30, 2015
7:30-9:00 amExecutive Committee Meeting
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

EXECUTIVE COMMITTEE MEMBERS ONLY
Thomas Webb Richards Room · Third Floor

8:00-9:00 amRegistration, Networking Breakfast
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

Regent-St. Marks Room · Lobby Area
Members meet with students, concurrently

9:00-9:05 amWelcoming Remarks
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

Woodlands Ballroom

  • Spencer B. Haber, CEO, H/2 Capital Partners LLC and Chair, Advisory Board, Zell/Lurie Real Estate Center at Wharton

9:05-9:15 amState of the Zell/Lurie Real Estate Center
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

  • Joe Gyourko, Nancy A. Nasher and David Haemisegger Director, Zell/Lurie Real Estate Center
  • Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center

9:15-10:15 amPanel: Is It Really Different This Time? What Do Users of Real Estate Really Want?
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

We hear about the Millennials and their unique wants. Do we believe what we read and hear? Are we actually developing different work, home and lodging spaces? For the investor, are the risks and returns appropriate for a different physical product? How important are services and amenities? Are "urban" and "transit oriented" and "sustainable" and "co-work" fads or permanent?

  • Moderator: Asuka Nakahara
  • Panelists: Dan Cummings, Managing Director of Real Estate, Harvard Management Company, Inc.
  • Janice Madden, Professor of Regional Science, Sociology, Urban Studies, and Real Estate, The University of Pennsylvania
  • Timothy J. Naughton, Chairman and CEO, AvalonBay Communities, Inc.
  • Marilyn Jordan Taylor, Dean and Paley Professor, The School of Design, The University of Pennsylvania
10:15-10:40 amNetworking Break and Travel to Breakout Sessions
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)
10:40-11:40 amCOHORT BREAKOUT SESSIONS

Breakout Session 1, Cohorts A and B: How Technology is Changing the Landscape of Commercial Real Estate: Leasing, Operations and Business Intelligence

(Ambani Auditorium, Room G06, Jon M. Huntsman Hall, 3730 Walnut Street)

Moderator: Brendan Fitzgerald Wallace, Founder, Grey Wolf

Panelists:

  • Justin Alanis, Co-Founder and CEO, Rentlytics, Inc.
  • Andrew Flint, Global Head of Business Development, VTS
  • Riggs Kubiak, Founder and CEO, Honest Buildings
  • Michael Mandel, Co-Founder and CEO, CompStak
  • Dan Teran, Co-Founder and CEO, Managed by Q

Breakout Session 2, Cohort C: Case Study and Discussion: Buying Cheap in Tennessee
(Jon M. Huntsman Hall, 3730 Walnut Street, Room G60)

Moderator: Asuka Nakahara

The Stevens Property Company has the opportunity to acquire a vacant headquarters office property with excess land in the Knoxville CBD for a price significantly below replacement cost and less than 10 percent of what the prior owner had paid in 2004. The plan is to redevelop and re-tenant the office space and create two new apartment projects in a downtown that is on the upswing. What do you think the risks of the deal are? Would you do the deal?


Cohort C Documents:

Cover Memo [192 PDF]

SPC C [456 PDF]

SPC B [140 PDF]

SPC A [324 PDF]

Breakout Session 3, Cohort D: Reimagining Undergraduate Business Education: A Conversation with Dean Lori Rosenkopf
(Jon M. Huntsman Hall, 3730 Walnut Street, Room 260)

The Wharton School is conducting its first major review of its undergraduate curriculum since 2003. As the world's preeminent undergraduate business program, what we do is likely to have a major impact on other schools across the globe. Hear from Wharton's Vice Dean and Director, Undergraduate Division, Dr. Lori Rosenkopf, on Wharton's perspective. Please be prepared to provide your own suggestions on what the undergraduate business education of the future should provide.

Moderator: Lori Rosenkopf, Simon and Midge Palley Professor at Wharton, Vice Dean and Director, Wharton Undergraduate Division

Breakout Session 4, Cohort E: Site Inspection
(3737 Chestnut Street, University City, Philadelphia)

The property is a $115 million+ mixed-use redevelopment with a 27-story tower containing 276 apartments and related buildings with more than 30,000 square feet of retail, office space and an early learning childcare facility, all located two blocks from Wharton's Huntsman Hall. It is under development by a joint venture of Radnor Property Group and the Episcopal Cathedral of Philadelphia. Learn how this complex project got off the ground and hear how the owners plan to execute their leasing plan going forward.

Facilitators:

  • William Martin, President, Marehall Advisors; Lecturer in Real Estate, The Wharton School
  • Dave Yeager, President, Radnor Property Group, LLC

11:40-12:00 pmNetworking Break and Travel Back to The Inn at Penn
12:00-1:00 pmComplimentary Networking Lunch
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)
1:00-2:00 pm"Perspectives on International Event Risk"
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

Moderator: Jeremy Siegel, Russell E. Palmer Professor of Finance, The Wharton School

Panelists:

2:00-2:20 pmNetworking Break
2:20-3:30 pmPanel: "Investing Your Own Versus Other People's Money: Does it Make a Difference Today?"
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

Some investors have to answer to "other people" in terms of their investment decisions. Others answer only to "themselves." Some earn fees on "other people's money." Others make money only by making returns on their investments. Hear from leaders in investing "own" and "OPM" how they are underwriting today's real estate opportunities.

Moderator: Peter Linneman, Sussman Professor Emeritus of Real Estate, The Wharton School

Panelists:

  • Jack Chandler, Global Head of Real Estate, BlackRock
  • Harrison LeFrak, Vice Chairman, LeFrak Organization, Inc.
  • Ron Pressman, Chief Executive Officer, Institutional Financial Services, TIAA-CREF
  • Jonah Sonnenborn, Managing Director, Head of Real Estate, Access Industries

3:30-3:45 pmClosing Remarks
(The Inn at Penn · 3600 Sansom Street · Philadelphia PA)

Spencer B. Haber



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