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Spring Members' Meeting · Wednesday, April 26 – Thursday, April 27, 2017


The Rittenhouse Hotel, 210 Rittenhouse Square, Philadelphia PA 19103

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The Rittenhouse Hotel
210 West Rittenhouse Square
Philadelphia, PA 19103
Wednesday, April 26, 2017
5:30-6:30 pmRegistration, Cocktails, Hors d'oeuvres
(Reception Area Outside Grand Ballroom)

Research Sponsors' Reception
(Parkview Suite, 4th Floor)
Research Sponsors, Executive Committee Members & Special Guests Only

6:30-8:30 pmDinner
(Grand Ballroom)
7:15-7:30 pmAwards: Recognition of student and faculty award winners
7:30-8:30 pmFeatured Speaker: Wharton School Dean, Geoffrey Garrett, Reliance Professor of Management and Private Enterprise and Professional Management at the Wharton School of the University of Pennsylvania
"Business in the Age of Geopolitics"
8:30-9:30 pmNetworking
(The Library Bar, Lobby Level)
The Rittenhouse Hotel
210 West Rittenhouse Square
Philadelphia, PA 19103
Thursday, April 27, 2017
7:30-9:00 amExecutive Committee Meeting
(Parkview Suite, 4th Floor)

Executive Committee Members Only

8:00-9:00 amRegistration, Networking Breakfast
(Reception Area Outside Grand Ballroom)
9:00-9:10 amWelcoming Remarks

Spencer B. Haber, Chief Executive Officer, H/2 Capital Partners LLC; Chair, Advisory Board, Zell/Lurie Real Estate Center at Wharton
Joe Gyourko, Nancy A. Nasher and David J. Haemisegger Director, Zell/Lurie Real Estate Center at Wharton
9:10-10:00 amPanel Session #1: "Wharton Faculty on the Economy, Public Policy and Political Risk"
Investors face a new political environment in which policy changes are going to affect economic conditions domestically and internationally. Hear Wharton's top faculty on global political risk factors, macroeconomic trends and real estate market conditions discuss how these forces are likely to interact and influence asset markets around the globe.

Joe Gyourko

Mauro Guillen, L. Davis Director of the Lauder Institute; Zandman Professor of International Management at the Wharton School
Kent Smetters, Boettner Chair Professor of Business Economics and Public Policy at the Wharton School; Faculty Director, Penn Wharton Public Policy Initiative
10:00-10:20 amNetworking Break
10:20-11:20 amPanel Session # 2: "Re-making the Real Estate Company and Industry - Can we Adapt and Thrive in a New World?"
How are companies using technology to attract and retain talent, better serve investors, tenants, and customers, and reduce costs and enhance productivity? How are these changes affecting the workplace, organization structure, client service and business models, and strategy? What type of forces could reshape and disrupt the real estate industry? How will the real estate firm of the future; say 10 years from now, be different from, or similar to today's?

Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center at the Wharton School

MaryAnne Gilmartin, President & CEO, Forest City Ratner Companies
Vaibhav Gujral, Associate Partner, McKinsey & Company
Chandra Dhandapani, Chief Technology Officer, CBRE
Mike Maples Jr., Managing Partner, Floodgate
11:20-11:40 amNetworking Break
11:40-12:30 pmFeatured Speaker: Brian L. Roberts, Chairman and CEO, Comcast Corporation
"The Future of Media and Technology"
Brian L. Roberts, Chairman and CEO of Comcast Corporation, joins Asuka Nakahara, Associate Director of the Zell/Lurie Real Estate Center at Wharton, for a conversation about the future of media and technology. Comcast Corporation is uniquely positioned with its two core businesses, Comcast Cable and NBCUniversal, to help shape and define what's next in this fast-paced environment.
12:30-1:30 pmComplimentary Networking Lunch
1:30-2:30 pmPanel Session # 3: "The $19 Trillion Question: Playing Offense and Defense Over the Next Cycle"
What are leading institutional investors thinking in terms of global capital allocation in real estate over the next cycle ? How do U.S. monetary policy reversing, currency/capital flow volatility from China and political and monetary uncertainty in Europe affect this? Where are we in the commercial property cycle in the U.S., Europe and developed Asia? What do higher U.S. interest rates and a strong dollar mean for emerging markets and real estate investing denominated in off-the-run currencies?

Spencer B. Haber

Steve Hason, Managing Director, Co-Head Americas Real Estate, Head Americas Infrastructure, APG Asset Management US Inc.
Neil Cunningham, Senior Vice President, Global Head of Real Estate and Natural Resources, PSP Investments
Dennis G. Lopez, Global Chief Investment Officer of AXA IM, Real Assets
2:30-2:50 pmNetworking Break
2:50-3:45 pmPanel Session #4: "Economic Growth and Real Estate Markets Going Forward"
This session will include a wide-ranging discussion with two of the world's leading international investors. Are we in a new paradigm? If so, how do you need to adjust your investment strategy? Are different investment sectors more or less immune to these changes? How will real estate and its property sectors fare going forward?

Joe Gyourko

Samuel Zell, Chairman, Equity Group Investments
Eyal Ofer, Chairman, Ofer Global and Global Holdings Group

3:45-4:00 pmClosing Comments
Spencer B. Haber

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