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Current Members Meeting Evaluation
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The Inn at Penn 3600 Sansom Street Philadelphia, PA 19104 |
Friday, October 27, 2017 |
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7:30-9:00 am | Executive Committee Meeting (Thomas Webb Richards Room, Third Floor) EXECUTIVE COMMITTEE MEMBERS ONLY |
8:00-9:00 am | Registration, Networking Breakfast (Regent-St. Marks Room · Library; Lobby Area) Mentors meet with students concurrently with the Executive Committee Meeting |
9:00-9:05 am | Welcoming Remarks (Woodlands Ballroom) Spencer B. Haber, Chief Executive Officer, H/2 Capital Partners LLC; Chair, Advisory Board, Zell/Lurie Real Estate Center |
9:05-9:20 am | State of the Center Address (Woodlands Ballroom) Joe Gyourko, Martin Bucksbaum Professor of Real Estate, Finance and Business Economics & Public Policy; Nancy A. Nasher and David J. Haemisegger Director, Zell/Lurie Real Estate Center Susan Stutsman Sessa, Managing Director, Zell/Lurie Real Estate Center |
9:20-10:15 am | Panel: "The New Game -- Creating Real Estate Value without Owning the Real Estate" (Woodlands Ballroom) Moderator: Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center Panelists: Dave McLaughlin, General Manager East and Canada, WeWork |
10:15-10:40 am | Travel to Breakout Sessions |
10:40-11:40 am | Breakout Session: Cohort A (Jon M. Huntsman Hall, Room 245) Leaders: Mitch Clarfield, Senior Managing Director, Berkeley Point Capital, LLC & Andy Isikoff, Managing Director, Silverfern Wharton undergraduate students from two separate case competition teams will present their cases to members of the cohort, who will then discuss the presentations and provide feedback. The first presentation originated in a case study on the opportunity to acquire an office building in Minneapolis; the property had been a build to suit and there was a chance that the tenant, who fully occupied the building, would not renew its space. The presentation is an analysis of what might happen in the event that the tenant does not renew or only renews part of the building and also a selection of a lender and equity partner. The second presentation, which took first place in its competition, is retail-focused and was presented at the International Council of Shopping Centers conference in Las Vegas. |
Breakout Session: Cohort B (Site Visit to 1213 Walnut St.) Leader: Robert Bellinger, President, CEO and Executive Portfolio Manager, ASB Real Estate Investments
Robert Bellinger, with the assistance of Chuck Watters, Senior Managing Director, Hines, the developer for 1213 Walnut, will lead a case study discussion on site. The cohort will act as the investor’s investment committee and debate whether or not the investment should be made and if so, how design and marketing challenges should be addressed. The cohort will then tour the property, receiving an overview of what happened during the development phase, the current state of the market and how well the property is leasing, allowing members to reflect on how the investment has turned out relative to their expectations from the case study discussion.
*Cohort members will be transported by bus to and from the site. Boxed lunches will be provided on site. Buses will pick up from the Inn at Penn on Walnut Street.
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Breakout Session: Cohort C (Jon M. Huntsman Hall, Room 250) Leaders: Denise Olsen, Senior Managing Director, GEM Realty Capital, & Carl Tash, CSO, Starwood Capital Group Speaker: Anne Papageorge, VP of Facilities & Real Estate Services, the University of Pennsylvania Title: "The Opportunity and Complexity of Managing Penn's Real Estate" Join us for a discussion on Penn’s portfolio of land and buildings, how it serves the Penn community and its impact on Philadelphia’s neighborhoods and institutions. Our speaker will share an update on Penn Connects, the campus master plan, that has invested more than $3 billion improving Penn’s campus, as well as how Penn preserves its historic buildings to serve the future. She will also share her insight about managing the people, the budgets and construction priorities across the many Penn constituencies, as well as the public-private partnerships that Penn has forged with real estate industry leaders. | |
Breakout Session: Cohort D (Jon M. Huntsman Hall, Room 255) Leaders: David Helfand, President and CEO, Equity Commonwealth, & Andy Jonas, Managing Director, Goldman, Sachs & Co Speaker: Gilles Duranton, Dean’s Chair in Real Estate Professor and Chair, Real Estate Department, the Wharton School Title: "Whither Infrastructure Investment? The US and the (Emerging) World" The presentation will discuss the economic effects of infrastructure investment and provide an overview of the current infrastructure situation in the US and the rest of the world. Looking forward, the case for a forthcoming infrastructure boom in the US will be examined. Finally, key challenges of infrastructure finance will be debated. | |
Breakout Session: Cohort E (Jon M. Huntsman Hall, Room 260) Leader: Cia Buckley Marakovits, Chief Investment Officer, Partner and Managing Director, Dune Real Estate Partners Speaker: Asuka Nakahara Title: "Serving on Nonprofit, Corporate and Public Company Boards -- The Basics & What Can Go Wrong" All of us have, are or will serve on nonprofit and for profit boards; experiences can definitely be mixed. In the first half of our session, Asuka Nakahara will provide a short overview on “Boards 101” followed by interactive mini-cases exemplifying the subtleties of good board governance. We will follow with a brief panel discussion answering commonly asked questions about serving on public company boards. There will be time for Q&A and sharing of experiences from cohort members. | |
11:40-12:10 pm | Travel Back to the Inn at Penn |
12:10-1:10 pm | Complimentary Networking Lunch (The Inn at Penn) |
1:10-2:00 pm | Featured Speaker: Eric T. Bradlow (Woodlands Ballroom) Chairperson, the Wharton School Marketing Department; K.P. Chao Professor; Professor of Marketing, Statistics, Education and Economics; Faculty Director, the Wharton School Customer Analytics Initiative, University of Pennsylvania |
2:00-2:20 pm | Networking Break |
2:20-3:30 pm | Panel: "Public vs. Private Market Pricing in Real Estate: What's Going On?" (Woodlands Ballroom) Moderator: Matthew J. Lustig, Head of Investment Banking, North America; Head of Real Estate & Lodging, Lazard |
3:30-4:00 pm | Closing Comments (Woodlands Ballroom) Spencer B. Haber |