Mastering the metropolis through research and thought leadership.
Spring Members' Meeting · Wednesday, April 27 – Thursday, April 28, 2016


The Rittenhouse Hotel

All members should have received their invitations. If not, please contact Heather Harris at

Non-member Registration

Non-members of the Center may attend any or all of the Spring Members' Meeting for $1,650, payable upon registration.


View the Participants Who's Attending

The Rittenhouse Hotel
210 West Rittenhouse Square
Philadelphia, PA 19103
Wednesday, April 27, 2016
5:30-6:30 pmResearch Sponsors' Reception
(Parkview Suite, 4th Floor)
Open only to Research Sponsors, Executive Committee, and Special Guests
Registration, Cocktails, Hors d'oeuvre
(Reception Area outside Grand Ballroom)
6:30-7:30 pmDinner
(Grand Ballroom)
7:15-7:30 pmAwards
(Grand Ballroom)
Recognition of student and faculty award winners
7:30-8:30 pmFeatured Speaker · Adam Grant, Class of 1965 Professor of Management and Psychology, The Wharton School, University of Pennsylvania
(Grand Ballroom)
  • "Originals: How Non-Conformists Move the World"

    Preventing groupthink from dominating your organization is important to keeping it fresh and resilient. Yet, recognizing and managing nonconformists is not an easy task for any manager. Hear from a world thought leader about the roles of motivation and values in the workplace.
8:30-9:30 pmNetworking
(The Cassatt Lounge, Lobby Level)
The Rittenhouse Hotel
210 West Rittenhouse Square
Philadelphia, PA 19103
Thursday, April 28, 2016
7:30-9:00 amExecutive Committee Meeting
(Parkview Suite, 4th Floor)
Executive Committee Members only
8:00-9:00 amRegistration & Networking Breakfast
(Grand Ballroom)
9:00-9:10 amWelcoming Remarks
  • Spencer B. Haber, Chief Executive Officer, H/2 Capital Partners LLC; and Chair, Advisory Board, Zell/Lurie Real Estate Center at Wharton
  • Joe Gyourko, Nancy Nasher and David Haemisegger Director, Zell/Lurie Real Estate Center at Wharton
9:10-10:10 amPanel Session 1: The Political and Economic Outlook and Real Estate

Political and economic risks appear to be rising domestically and around the world. Are these likely to be short-term phenomenon that will disappear soon or are they being driven by longer-term trends? Hear two leading Wharton economists discuss how we should think about these types of risks going forward, what they mean for different economies around the world, and what they imply for property market investors.


  • Todd Sinai, Professor of Real Estate and Business Economics and Public Policy, The Wharton School


  • Joe Gyourko
  • Peter Linneman, Emeritus Professor of Finance and Business & Public Policy at Wharton
10:10-10:25 amBreak
10:25-11:25 amPanel Session 2: What Is the Future for Retail?

Online spending continues to take market share in retail. How much further will this trend go? How can traditional retailers respond? What should we make of disruptive on-line retailers beginning to enter the physical retail sector? Hear from leading investors and retail operators from both on-line and traditional sectors discuss these and other issues.

  • Moderator: Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center at Wharton
  • Panelists: Dean S. Adler, Chief Executive Officer and Co-Founder, Lubert-Adler Management
  • Lane Gerson, Co-founder, Jack Erwin
  • Wade McDevitt, Chief Executive Officer, McDevitt Company
  • Dana Telsey, Chief Executive Officer, Telsey Advisory Group
11:25-11:40 amBreak
11:40-12:40 pmA Conversation with Kenneth M. Jacobs, Chairman and Chief Executive Officer, Lazard

"Strategic Perspectives on Global Opportunity in the Private and Public Sectors"

With global economic growth slowing, business models of many different types of firms are coming under stress. Which are the most and least robust in the face of growing political and economic challenges? How does this vary by business sector and region of the world? Hear one of the world's leading thinkers on corporate and governmental business health discuss these and other issues.

12:40-1:35 pmLunch
1:35-2:35 pmPanel Session 3: Risk and Reward in a Volatile World: Where Are Investment and Capital Markets Headed?

Many financial markets recently have faced their toughest tests since the 2008 credit crisis, with various factors combining to produce the worst correction in credit markets in many years. What is creating all of the anxiety, and is the repricing overdone? How worried should investors be about a near-term recession in the U.S. or systemic risks globally? What are the implications of recent moves in rates, commodities and credit for the pricing of less liquid assets such as commercial real estate properties? What asset classes or markets feel cheap, and how much does "cheap" or "rich" depend on your holding period?

  • Moderator: Spencer B. Haber
  • Panelists:
  • Wesley Edens, Co-Founder, Principal and Co-Chairman of the Board of Directors, Fortress
  • Mark Myers, Head of Commercial Real Estate, Wells Fargo & Company
  • Marc Rowan, Co-Founder and Senior Managing Director and Director, Apollo Global Management
2:35-2:50 pmBreak
2:50-3:50 pmPanel Session 4: A Conversation with Titans

If at the end of the program you are confused about where things are heading or what risks are being ignored, all answers will be given during this panel of legends. Three of the giants of the industry share their thoughts on the state and future of the real estate industry.

  • Moderator: Peter Linneman
  • Featuring:
  • Eyal Ofer, Chairman, Ofer Global and Global Holdings, Inc.
  • Barry Sternlicht, Chairman and Chief Executive Officer, Starwood Capital Group
  • Samuel Zell, Chairman, Equity Group Investments
3:50-4:00 pmClosing Comments

Spencer B. Haber

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