October 10th, 2023 | New York

Global Leaders in Real Estate Summit

Register Today

8:00 am - Registration & Networking

Morning Plenary Sessions:

8:45 am - Chairperson’s Welcome

9:00 am - Keynote Interview

9:45 am - Power Players Talk: CRE Outlook – Finding Opportunities Amid High Interest Rates, Recession Concerns and Economic Uncertainty

As global inflation hits its highest levels in 40 years and rising interest rates put an end to the post-Covid deal-making surge, discover today’s most promising investment opportunities while also gaining an understanding of major challenges and strategies for success. Key topics to be discussed include:

  • When are interest rates likely to peak? What’s the likelihood that the US economy will have a “hard landing”?
  • From a historical data perspective, how would different property types perform in a v-shaped, u shaped or w shaped recession?
  • Political and policy challenges including legislative efforts to cap apartment rents and increase eviction protections, climate change laws, and a proposal to impose a mortgage recording tax on mezzanine and preferred equity financing
  • What will happen to loans maturing in the next two years? Can they be refinanced? Are a wave of defaults and foreclosures imminent? What are the opportunities and challenges for borrowers and lenders?
  • What are the implications of recent bank failures for the commercial real estate sector?
  • What do defaults by gold standard office investors say about the future of this asset class? Which markets and segments within the office sector offer the greatest potential for risk-adjusted returns?
  • How low do office values need to go to start investing again? What other fundamentals need to occur?
  • What’s likely to happen to private real estate valuations over the next year and how will that affect dealmaking activity?

Chester Lee

Co-chair Duane Morris

Chester P. Lee is co-chair of Duane Morris' Real Estate Practice Group. Mr. Lee practices in the area of real estate law, providing strategic and legal advice for all types of commercial real estate transactions. Mr. Lee has represented both lenders and borrowers in secured financings and loan restructurings, including construction loans, Real-Estate-Owned properties (REOs), leasehold financings, debtor-in-possession loans, exit financings, project financings and mezzanine debt.

Mr. Lee also has counseled clients acquiring, disposing and/or developing real property, including ground-lease and sale-leaseback transactions (including sale-leasebacks involving call centers and medical facilities). Many of these matters involved purchases of multiple sites located in numerous jurisdictions. He has represented many foreign investors (including those from China, Russia and France) in their initial acquisitions and developments of projects in the United States (such as retail and manufacturing sites). He also has worked with landlords, tenants and subtenants in the leasing and subleasing of real estate assets, including built-to-suit facilities, retail locations and warehouse and distribution centers.

Mr. Lee has represented international and domestic investors in natural resource acquisitions, including uranium and coal mining projects. Mr. Lee has counseled clients in the financing of energy assets such as wind farms and propane gas distribution facilities.

David Weinreb

CEO Weinreb Ventures

Known for his passion and tenacity, David R. Weinreb is an entrepreneur and respected leader who since 2020 has been the Chairman of Weinreb Ventures, a multi-faceted investment and advisory firm with a focus on creating and enhancing real estate that will stand the test of time. Mr. Weinreb previously
served as co-founder, CEO and a member of the Board of Directors of The Howard Hughes Corporation from 2010 to 2019. Mr. Weinreb directed the company’s efforts since its inception, building a portfolio of some of the most sought-after real estate in the country and growing the company’s share price
over 300% during his tenure.

While at Howard Hughes, his vision, leadership, and acumen led him to be honored with the 2013 Ernst and Young Entrepreneur of the Year® Award in Real
Estate for the region. Additionally, he was named as one of the Top 200 CEOs in the U.S. by ExecRank and listed multiple times in the Commercial Observer Power 100 as one of the most powerful people in New York City real estate. His accomplishments at HHC include the successful transformation of the Seaport District in Lower Manhattan into one of the city’s leading destinations for unique
hospitality and entertainment experiences, such as the Rooftop at Pier 17, which was named the country’s “Best New Concert Venue” in 2019 by Pollstar. Prior to leading the emergence of The Howard Hughes Corporation as a publicly traded company, Mr. Weinreb spent 17 years creating and running his own investment firm, TPMC Realty.

Andrew Holm

Co-Head of Investments in U.S. Real Estate and Partner Ares Management

Mr. Holm is a Partner and Co-Head of U.S. Investments in Ares Real Estate, where he serves as a Co-Portfolio Manager of the U.S. opportunity funds and leads the group's equity investment activities across the Northeastern and Mid-Atlantic U.S. Additionally, he serves as a member of the Ares Real Estate Global and U.S. Development and Redevelopment Fund II Investment Committees and the Real Estate Debt Investment Committee. Prior to joining Ares in 2013, Mr. Holm was a Principal at AREA Property Partners, where he focused on sourcing and executing real estate investments across asset classes for AREA's equity and mezzanine debt businesses. Previously, he was an Analyst at Lazard in the real estate investment banking group. Mr. Holm serves on the Board of Trustees of the Ethical Culture Fieldston School. Mr. Holm holds a B.A., summa cum laude, from Harvard College in Government.

Yorick Starr

Investment Officer and Managing Director of North Real Estate Invesco Real Estate

Francis Greenburger

Chairman & CEO Time Equities

10:30 am - Networking Break

Build meaningful connections through one-on-one meetings.

11:00 am - Power Players LPs: Investor Perspectives – Assessing Opportunities in a Volatile Market

Currently there is over $2 trillion of dry powder in the US available for real estate investment but investors face a challenging environment with significantly reduced dealmaking activity and returns.

  • In which CRE markets and sectors do investors and developers see the greatest potential for risk-adjusted returns?
  • What are the near-term and long-term challenges of getting deals done and what are some strategies to overcome those challenges?
  • How are investors considering the risk of rising rates, high insurance costs, reduced occupancy and soaring construction costs in their decision-making?
  • What are the most important considerations for investors in terms of ESG & DEI?
  • What is the LP's outlook on lending for adaptive reuse, value-add, and construction projects?

Robert Deckey

Managing Director Invesco
Robert Deckey is a Managing Director with Invesco Real Estate (IRE). In this role, he
is responsible for executing IRE’s investment strategy in the East Coast, including industrial, apartments, office, affordable housing, manufactured housing, self storage, and retail. Since joining Invesco, he has completed $6.5 billion in investments, including ground up developments, value-add redevelopments, joint ventures and core. He is a member of the screening committee and investment strategy group. He also is a board member of Homestead Communities, a
manufactured housing company based in San Francisco. Prior to joining IRE in 2016, Mr. Deckey was chief investment officer of George
Comfort & Sons, Inc., where he was responsible for new acquisitions and capital
markets, including a number of large distress office building investments, like Worldwide Plaza in NYC in 2009. Mr. Deckey also worked for over 10 years in real estate corporate finance at Citigroup and JP Morgan. He advised real estate investment trust clients on equity and debt raising, initial public offerings, mergers and acquisitions, and asset sales. Before that, Mr. Deckey worked at AEW and EF Hutton in acquisitions and portfolio management. He has over 30 years of real estate experience. Mr. Deckey earned a bachelor of administration degree in electrical engineering and economics from Brown University, and an MBA in real estate finance from the Wharton School of the University of Pennsylvania. He is a member of the Urban
Land Institute and the Real Estate Board of New York.

Elizabeth Bell

Principal Hamilton Lane

Elizabeth Bell is a Principal on Hamilton Lane’s Real Assets team, where she is responsible for due diligence of primary, secondary, and co-investment opportunities in real estate.    

Prior to joining Hamilton Lane in 2022, Elizabeth was a Managing Director with Jaguar Growth Partners where she was responsible for leading Latin American real estate private equity investments.  Previously, Elizabeth was an Investment Manager at Aberdeen Asset Management on the Property Multi-Manager team and was a Vice President at Equity International, responsible for investing in emerging markets real estate companies.  Earlier in her career, Elizabeth was an Associate at real estate private equity firm, JER Partners, and an investment banking analyst at Deutsche Bank.    

Elizabeth received her M.B.A from the Wharton School at the University of Pennsylvania and an A.B. from Princeton University.   

Donald Nesbit

Co-Chair NYC Board of Education Retirement System

Eric Newman

CPA, CGMA - Accountant / Treasury Manager City of Stamford

Eric is responsible for treasury, investment management, and pension fund accounting. He serves as a Trustee on the Classified Employees Retirement Fund Board, Other Post- Employment Benefit (OPEB) Board, Defined Contribution Retirement Plan Board and City’s Investment Advisory Committee. Eric is a Trustee on the Town of Fairfield Employee Retirement Board and Joint Retirement Investment Board. Prior to entering government finance, Eric held finance positions at Royal Bank of Scotland, IBM Global Financing, Arnhold and S. Bleichroeder, Price Waterhouse and Soros Fund Management. Eric received his B.B.A. in Accounting from Adelphi University; Certificate in Investment Banking from New York University, M.B.A. in Finance from Sacred Heart University and is pursuing a Corporate Finance Certificate at Harvard University. He is a Certified Public
Accountant (CPA) and a Chartered Global Management Accountant (CGMA).

11:30 am - Power Players in Real Estate Lending: Where Do Capital Providers Want to Be?

  • How will lending availability and terms change as the real estate market moves forward?
  • How does interest rate volatility drive loan structuring (i.e. issues of hedging, cap costs etc)?
  • Non-bank lenders vs. banks: What are the main risks?
  • Bridging the gap: how are deals getting done in a difficult debt market?
  • What are some effective strategies to secure loan assumptions in the process of acquiring assets?
  • NPLs and DPOs – how to access the deals and the capital to execute?
  • Should investors interested in debt and distress consider NPL strategies?
  • What are some key trends in the use of rescue capital?
  • How are material and labor shortages being factored into lending decisions?
  • What are the preferred markets and assets for capital providers in real estate lending?
  • What criteria are LPs considering when evaluating investments, including returns, time horizons, and agreement terms?
  • Understanding changing loan structures: senior loans, mezzanine financing, preferred equity, bridge loans, C-PACE, credit lease,private placement debt, sale-leaseback and ground lease – how do they fit in today’s capital stack?

Alan Todd

CFA Managing Director CMBS Strategy Global Research Bank of America Securities, Inc

Alan Todd is head of U.S. Commercial Mortgage Backed Securities (CMBS) Research and a member of the CREFC Board of Governors. In this role he is responsible for providing in-depth analysis and macro-level overviews of the CMBS, CMBX and commercial real estate markets. 

Alan brings over 20 years of CMBS experience to this role and is highly regarded for his recommendations and timely market calls. Alan correctly called the recovery of the CMBS market since the 2009 bottom and the decline of the CMBS market in 2008. Alan has been ranked in the top 3 for CMBS strategy in the Institutional Investor All-America Fixed Income Research team survey in each of the last fourteen years. 

Alan joined Bank of America Merrill Lynch in August of 2011 from J.P. Morgan, where he was head of CMBS research since 2005. Previously he spent five years at Bear Stearns, also in CMBS Research. Alan received his Bachelor’s degree in Electrical Engineering from Syracuse University, his Master’s degree in Finance from Vanderbilt University and is a CFA Charter holder.

Michael Eglit

Senior Managing Director and Head of U.S. Originations in Blackstone's Real Estate Debt Strategies (“BREDS”) group Blackstone

Michael Eglit is a Senior Managing Director and Head of U.S. Originations in Blackstone’s Real Estate Debt Strategies (“BREDS”) group. Since joining Blackstone, Mr. Eglit has been involved in sourcing, underwriting, negotiating and structuring debt investments across all asset types and geographies.

Before joining Blackstone in 2010, Mr. Eglit was with Wrightwood Capital where he underwrote and originated first mortgages, mezzanine loans and preferred equity.

Mr. Eglit received a BA from Lehigh University and an MBA from the Booth School of Business at the University of Chicago.

Joel Traut

Head of Originations KKR Real Estate Credit

Joel Traut (New York) joined KKR in 2015 and is a member of the Real Estate team. He serves as Head of Originations for KKR Real Estate Credit and is responsible for business development, the origination process and team coordination across the real estate direct lending business. In addition, he is involved in sourcing, underwriting, negotiating and structuring debt investments across all credit products, asset types and geographies. Prior to joining KKR, Mr. Traut spent thirteen years at GE Capital, most recently as a region manager at GE Capital Real Estate, where he led their northeast commercial team. He focused on investing in real estate credit strategies including first mortgage and mezzanine loans. He joined GE in 2002 as part of GE Capital's financial management program and during his tenure worked across multiple GE Capital business segments including: commercial real estate, aviation services, and commercial finance corporate. Mr. Traut graduated summa cum laude from the University of Kentucky and holds a B.B.A. in Finance and Marketing. Mr. Traut serves on the University of Kentucky Gatton College of Business and Economics’ Finance Advisory Board. Mr. Traut is currently a member of the Urban Land Institute, Commercial Real Estate Finance Council, and National Association of Industrial and Office Properties ('NAIOP') where he sits on its Capital Markets Council.

Joseph Dyckman

Co-head of U.S. CMBS Citigroup Global Markets

12:00 pm - Networking Lunch

Designed to foster meaningful connections.

Grab a plate of mouth-watering cuisine, strike up a conversation with someone new, and make the most of this fantastic opportunity to expand your network and forge lasting connections.

Customize your agenda - attend the sessions that interest you the most

After the morning plenary sessions, attendees are invited to explore the following three themed forums. Attendees can attend any forum they like and are encouraged to move between them throughout the afternoon. To get involved, simply head to the designated location and join the conversation.

Mezzanine & High Yield Debt Financing Forum

Real Estate Joint Ventures Forum

ESG & DEI Forum

12:15 pm: Luncheon Workshop: Dealing with $162 Billion in Maturing Securitized Loan Debt: An Outlook at CMBS and CRE-CLOs (by invitation)

  • How is the market of CMBS and CRE-CLOs evolving?
  • Could bank instability lead to a real estate bond market crash?
  • What is the transaction process and what are the legal documents associated with investing in securitized loan debt?
  • What are the regulatory considerations in structuring CMBS and CLOs?
  • What structural protections exist for CLO and CMBS investors?

12:15 pm: Luncheon Workshop: A Deep Dive into a Real Estate Joint Venture Deal from Start to Finish (by invitation)

  • What are the current challenges in raising capital for real estate joint venture deals, and what are some strategies for overcoming these challenges?
  • What are the insurance risks and underwriting considerations that need to be considered when structuring a joint venture deal in real estate?
  • What are some flexible options available for borrowers seeking short-term, fixed-rate debt for real estate joint ventures?
  • How does IAS 31 impact the structuring of international investments in real estate joint ventures? What strategies can be used to navigate changing rules on overseas capital?

12:15 pm: Luncheon Workshop: How to Build and Finance Affordable Housing (by invitation)

The demand for ESG investment – and the soaring costs of rent and home prices – make this an opportune time for building affordable housing. This panel will cover:

  • How to source and finance affordable housing deals, and how to measure their impact?
  • How can the Bipartisan Infrastructure Law and Inflation Reduction Act (IRA) funds support sustainable construction and retrofitting?
  • How can affordable housing creation and preservation be incentivized? Exploring structuring solutions and tax credits
  • Why is it important for states to better coordinate the variety of grants and tax relief opportunities available for affordable housing?

1:15pm - Chairperson’s Opening remarks

1:30 pm: Panel Discussion: Mezzanine Loans vs Preferred Equity: Which is the Better Option in This High Interest Rate Environment?

  • What are the legal considerations when choosing between mezzanine finance and preferred equity?
  • How do mezzanine deal structures differ from preferred equity structures?
  • What are the key considerations for multi-lender deals?
  • How would the proposed New York Bill imposing mortgage recording taxes affect mezzanine debt and preferred equity in
  • Real estate transactions?

Dan Berman


Kramer Levin

Daniel Ross Berman counsels developers, investors, lenders and operators in a range of real estate transactions, including acquisitions, dispositions, joint ventures, development deals, preferred equity investments, loans, leases, recapitalizations and restructurings. His work spans hospitality, industrial, health care, entertainment, retail, office, multifamily and mixed-use properties.

Dan has a national practice that includes acquisitions, dispositions and joint venture development deals across the country as well as a localized practice with an emphasis on complex development deals. For example, Dan is currently handling numerous redevelopment projects in New York City involving various religious and charitable institutions, each with different deal structures. These include ground leasing the land during development and dividing the ownership of the completed building between the developer and the institution by converting the property to a commercial condominium.  

Dan is a member of Kramer Levin’s Pro Bono, Ethics and Technology committees.

Drew Fung

Head of Debt Investment Group

Clarion Partners

Drew D. Fung, equity owner and Managing Director, is the co-Portfolio Manager for Clarion’s

Debt Investment Fund. He oversees the Firm’s subordinate debt investment activities in various types of commercial real estate debt instruments, including mezzanine loans, B-notes and preferred equity interests. Drew is a member of the Debt Investment Committee, which approves all of the Firm’s financing activities, and a member of Clarion’s ESG Committee and Subcommittee on Resilience. Drew joined Clarion Partners in 2012 and began working in the real estate industry in 1987. He has comprehensive commercial real estate experience, including more than 20 years focused on subordinate debt that includes all property types and capital structures. He is a former Chair of a Urban Land Institute (ULI) Urban development/Mixed-Use Council, a member of the Commercial Real Estate Finance Council (CREFC) Board of Governors, a frequent speaker at industry events and has provided expert testimony to the U.S. Senate Banking Sub Committee regarding the impact of regulation on commercial real estate financing markets.

Boots Dunlap

CEO & Co-Founder

RRA Capital


Boots Dunlap has over 15 years of experience consulting on and managing credit assets for many of the largest banks, insurance companies, CMBS servicers and private credit firms, dating back to before the 2008 Great Recession. Since co-founding RRA, he has overseen the origination and management of more than $1.3B of bridge loans and has also consulted for lending clients on $2.4B of distressed commercial real estate. Boots oversees the investment strategy and strategic direction of RRA. He is a member or has been a member of the Urban Land Institute, Mortgage Bankers' Association, Commercial Real Estate Finance Council, the National Association of Office & Industrial Properties, and various other industry organizations. Prior to co-founding RRA, Boots served as an Infantry Officer in the U.S. Army, where he completed multiple combat tours in Iraq and Afghanistan, earning him the Bronze Star, two Meritorious Service Medals, Combat Infantryman's Badge, Ranger Tab, Airborne Wings, and numerous other distinguished leadership decorations. He graduated from the University of Virginia and holds a certification as a Commercial Investment Member.

John Randall



John Randall joined PCCP in December 2009 and leads East Coast originations for the Firm out of New York. Since joining PCCP, Mr. Randall has originated over 100 equity and debt transactions aggregating in excess of $2 billion including hotel, retail, office, condo, multi-family and industrial investments and including senior debt, mezzanine, preferred equity and joint venture equity.  Prior to PCCP, Mr. Randall spent six years and invested over $1 billion in real estate debt and preferred equity positions within the Real Estate Private Equity group of Lehman Brothers. Prior to Lehman Brothers, Mr. Randall was a Vice President with Deutsche Bank, originating and underwriting mezzanine investments for the DB Real Estate Mezzanine Investment Funds. Mr. Randall's experience also includes work at Daiwa Securities originating and structuring conduit loans for their CMBS group.  Mr. Randall started his career with Arthur Andersen and Jones Lang Wootton where he valued over $1 billion of real estate in the U.S. and Latin America. Mr. Randall has over 25 years of real estate experience and holds a B.A. in Economics from Bowdoin College, magna cum laude, and an M.B.A. from the Wharton School of the University of Pennsylvania.

Nitin Jagga

Vice President

Goldman Sachs


Clark Briner

Founder & Principal

Revere Capital 

Clark B. Briner is the Founder and the Principal of Revere Capital. Mr. Briner started his real estate career in 1997 when he made his first multifamily real estate investment. He then joined MacFarlan Capital Partners, an institutional private equity real estate firm, where he was a Director. After years in private equity, Mr. Briner moved to New York City as a senior investment banker at Deutsche Bank, where he served on the private equity real estate team, as well as the new business underwriting committee. Over his years in investment banking, he has participated in traditional public market capitalizations and executions, real estate mergers and acquisitions and workout and restructuring assignments. During his real estate career, Mr. Briner has had significant institutional experience on both the principal investment and investment banking side. Mr. Briner has also served as an owner, lender, operator, sponsor and equity partner.

1:15pm - Chairperson’s Opening remarks

1:30 pm: Panel Discussion: Joint Venture Partnerships in an Uncertain Market: Managing Risks and Overcoming Challenges

  • Risk management: cost overruns, partner defaults, meeting project schedule, worries from LPs, worries from GPs and control issues
  • Interest reserves shortfalls - how can partners share the burden?
  • How should cost sharing be structured between GPs and LPs in long-dated closing situations?
  • Why are fewer investors stepping up to be GPs?
  • How do partnerships navigate zoning approvals, the construction process and cost overruns?
  • What happens in receivership and liquidation?
  • How long will multifamily maintain its outperformance over other asset types in REJV partnerships?

Andy Charles


Kramer Levin

Andrew Charles has extensive experience in all aspects of commercial real estate law, including partnerships and joint ventures, financing for borrowers and lenders, acquisitions and sales, and development and leasing. His client base includes private equity funds, financial institutions, developers, and operators in the acquisition, financing, development, sale and leasing of all classes of commercial properties including office, hotel, multifamily, retail, public storage, mixed use and condominium properties. Andrew focuses mainly on structuring transactions for institutional investors and opportunity funds such as joint ventures, preferred equity investments, mezzanine financing and mixed debt/equity investments.

Adam Fruitbine

Chief Investment Officer

MAXX Properties


Adam is a senior real estate investment professional with 25 years of industry experience, with a concentration in the multifamily asset class. This includes leadership expertise in acquisitions, structured equity finance investing, capital markets, building and leading investment management platforms, fundraising and distribution outreach, development and portfolio management.

Adam currently serves as the Chief Investment Officer for MAXX Properties, a national multifamily owner, operator.  Adam is responsible for leading the firm's sourcing and origination of multifamily investment opportunities throughout the U.S.  Investment strategies include: wholly-owned core and value-add acquisitions as well as providing GP co-investment and JV/LP equity capital to local operators and multifamily developers.  Additionally, Adam is responsible for collaboration with MAXX leadership to build-out the firm's investment management business. This includes building and leading a team of investor relations and capital markets professionals.


Frederick N. Cooper

Senior Vice President Finance

International Development & Investor Relations

Toll Brothers

Fred Cooper is Senior Vice President - Finance, International Development & Investor Relations at Toll Brothers (NYSE:TOL).  Toll, a Fortune 500 Company, is the 5th largest U.S. home builder by revenues, the 6th largest multifamily rental apartment developer, and among the largest land and community developers in the U.S. Toll is also one of the nation’s largest urban high-density/high-rise condo and rental tower developers with 50+ buildings and over 7,000 units completed. 

Raphael Sidelsky

Chief Investment Officer

Real Estate W5 Group LLC


Raphael Sidelsky is the head of real estate investing for W5 Group, which has offices in New York, Miami, and Switzerland. Established in 2009, W5 Group is the Winter Family Investment Office. W5 Group focuses on innovative real estate investments, either directly or alongside high-quality sponsors and provides capital without any pre-determined hold periods. Target investment sectors include multifamily, student housing, co-living, micro-apartments, single family rental, lodging, and mixed-use. Investment structures include single or programmatic joint ventures, direct, entity level, preferred equity, and mezzanine debt. W5 Group has permanent capital, a flexible mandate, and seeks to create enduring value and long-lasting relationships.

Mr. Sidelsky has worked on over $7 billion of direct, entity level and joint venture real estate investments across a broad array of sectors and markets in the United States and Caribbean. Prior to W5,he worked as a Senior Managing Director at CIII Capital Partners ($8BN in AUM) and before that as a Managing Director at Fremont Realty Capital, the Bechtel Family Office. He began his career as an architect and worked in Tel Aviv, Berlin, Los Angeles, Johannesburg, and then in New York for Skidmore Owingsand Merrill. Mr. Sidelsky received a Bachelor of Architecture in South Africa and an MBA from Columbia Business School. He is a board member of the Columbia Business School Real Estate Circle.

Nicholas Baccile


Canyon Partners Real Estate LLC

Nicholas Baccile is a Director within the Real Estate Investment team at Canyon. Mr. Baccile joined Canyon in 2018 and primarily focuses on sourcing, underwriting, due diligence, structuring and executing debt and equity investments in the Northeast U.S. region. Prior to joining Canyon, Mr. Baccile worked at RXR Realty, where he was responsible for asset management of equity and debt investments. Previously, Mr. Baccile worked at Ares Management, where he was responsible for underwriting, due diligence and ongoing asset management of new equity investments. Mr. Baccile is a graduate of Cornell University (B.S., Applied Economics and Management with a minor in Real Estate).

Sean Armstrong

Managing Principal & Co-Founder

Westport Capital Partners LLC


Mr. Armstrong is the Managing Principal of Westport Capital Partners, joining the firm at its inception. Throughout his career, Mr. Armstrong has been responsible for industrial, multi-family, office, self-storage, hotel and retail investments across the United States, Europe and Japan. His experience includes property acquisition through repositioning, and ultimately disposition of fund assets. He has overseen properties in all stages of their life cycle, from the development of new projects to adaptive repositioning of properties including change of use. In addition, he has played a central role in the construction and management of Westport’s marketable securities portfolio, which has ranged across the capital structure from senior secured bank debt to public and private equity positions. During prior economic downturns, Mr. Armstrong has had significant experience in distressed asset investing and restructuring. He has served on creditors’ committees in distressed and bankruptcy situations.

1:15pm - Chairperson’s Opening remarks

1:30 pm: Panel Discussion: ESG & DEI Benchmarking: Reports, Metrics & KPIs

  • What are the key metrics and KPIs used to track progress in ESG and DEI initiatives?
  • How can companies ensure their ESG and DEI reports are accurate, transparent, and credible?
  • How can companies leverage ESG and DEI data to improve decision-making and drive positive impact?
  • The future of ESG data collection and analysis: the role of cutting-edge technologies and strategies to keep you ahead of the curve.
  • The role of technology in ESG & DEI benchmarking
  • From an investor perspective, what are the most important elements of the ESG due diligence process?
  • How can companies effectively communicate their ESG and DEI efforts to stakeholders, including investors, customers, and employees?
  • What role do regulatory bodies play in ESG and DEI benchmarking and reporting, and how can companies stay compliant with evolving regulations?
  • What are the “must haves” and “nice to haves” from an ESG data perspective?

Jill Brosig

Chief Impact & Sustainability Officer

Harrison Street Real Estate Capital

Jill brings 13 years of industry experience to the Firm and is Chair of the Firm’s Environmental, Social and Governance (ESG) Committee. As Chief Impact Officer, she oversees the measurement, management, reporting and enhancement of the Firm’s ESG initiatives. Key areas of focus include climate risk and resiliency, carbon emissions reduction and human health and wellness. She is also a Co-chair of the Firm’s Diversity, Equity & Inclusion Committee.


Anne Peck

Vice President and Head of ESG+R

TA Realty

Linda J. Isaacson



Linda J. Isaacson is Partner and Head of ESG & Impact at ACRE. She is responsible for leading the firm’s environmental, social, and governance (ESG) practices and ensuring that ongoing investment decisions, operational actions, and overall business philosophy reflect its core principles and those of its investors.  

Isaacson is a leader in sustainability practices, focusing on strategies accelerating progress towards setting and achieving net zero by 2050. A thought leader in Corporate Sustainability and activating ambitious action to achieve the SDGs, Linda is at the forefront of unlocking business value, building resilience, and enabling long-term growth.


Katie Cappola

ESG Manager

Madison Realty Capital

Ms. Cappola serves as ESG Manager on the Portfolio & Asset Management team, with primary responsibility for Madison’s ESG initiatives. Prior to joining Madison, Ms. Cappola held positions including Sustainability/ESG Manager at Empire State Realty Trust,  Sustainability Manager at Jones Lang LaSalle, and Associate Sustainability Project Manager at Jones Lang LaSalle.  Ms. Cappola graduated from Freeman College of management at Bucknell University, where she received her Bachelor of Science in Business Administration.

Nicole Wilson

Principal, Sustainable Investing


2:00 pm: Panel Discussion: The Current Landscape of Mezzanine Lending: Valuations and Return Expectations

Today’s scarce lending environment makes mezzanine debt a necessity – but are these the same mezzanine loans we’ve seen before? This panel will explore:

  • What is driving the growing demand for mezzanine capital in the face of portfolio declines and illiquidity in the market?
  • How are mezzanine loans priced and structured differently in the current environment?
  • What are the return expectations for mezzanine loans in today's market?
  • What are the legal concerns associated with mezzanine lending in the current environment?
  • How do investors and borrowers approach mezzanine lending in the current landscape?

Tim Davis


White and WIlliams

Tim Davis is Chair of the Business Department and a Partner in the Real Estate and Finance Groups at White and Williams LLP. He has over 25 years of experience representing investment funds, insurance companies, and banks in a wide variety of sophisticated real estate finance transactions, including first mortgage loans, participations, mezzanine loans, "B" notes and preferred equity investments. He has extensive experience in the areas of intercreditor, co-lender, and participation agreements. In 2017, Tim was elected as a Fellow in the American College of Mortgage Attorneys. He is ranked by Chambers USA as a Leading Lawyer in Pennsylvania Real Estate Finance, is AV® Preeminent rated by the Martindale-Hubbell peer review rating system, and has been recognized by “Best Lawyers in America” since 2016. He received his BA, MA, and JD from the University of Pennsylvania.

Nailah Flake‑Brown

Managing Partner Investments

Brookfield Asset Management

Cary Carpenter

Managing Director

Head of CRE Capital Markets

Trading & Syndication

Starwood Capital

Cary has 20+ years of experience in different facets of commercial real estate ranging from structured finance to design and development.  Currently Cary is a Managing Director of CRE Capital Markets, Trading & Syndication at Starwood Capital.  His current responsibilities including pricing, structuring and capital commitment for the acquisition and sale of CRE debt for the Starwood REIT.  He is also responsibility financing and sales efforts of whole loans via private sales and the CMBS market as well as managing the warehouse lines for the REIT.

Prior to joining Starwood Cary was a Partner at Coastal Capital (2009 to 2010) where he managed the process of acquiring performing, sub-performing and non-performing CRE debt.  From 2004 to 2008 Cary was an Executive Vice President with Countryside CRE Finance and was responsible for the pricing, structuring and sale of all fixed and floating rate high yield commercial real estate debt.  

Prior to joining Countrywide Cary was a Partner at Coastal Capital Partners; a Managing Director for Precept Corporation, Vice President of Structured Finance at Nomura Asset Capital; Senior Consultant at Deloitte and Touche; Project Designer for The SWA Group and Sasaki Associates.

Cary earned an M.S. in Real Estate Development and Finance from Columbia University in 1993 and a Bachelor of Landscape Architecture from Kansas State University in 1988.


Stephen R. Quazzo

Co-Founder and CEO


Stephen R. Quazzo is Pearlmark’s Co-Founder, CEO, and Chair of the firm’s Management Committee and the PEP II Investment Committee. From 1991 to 1996, Mr. Quazzo served as President of Equity Institutional Investors, Inc., a subsidiary of investor Sam Zell’s private holding company, Equity Group Investments, Inc. Mr. Quazzo was responsible for raising equity capital and performing various portfolio management services in connection with the firm’s real estate investments, including institutional opportunity funds and public REITs. Prior to joining the Zell organization, Mr. Quazzo was in the Real Estate Department of Goldman, Sachs & Co., where he was a Vice President responsible for the firm’s real estate investment banking activities in the Midwest.

Mr. Quazzo holds undergraduate and MBA degrees from Harvard University, where he has served as a member of the Board of Dean’s Advisors for the business school and as an Alumni Association Director for the college. He is a Trustee of the Urban Land Institute, past Trustee and Chairman of the ULI Foundation, a member of the Pension Real Estate Association, and a licensed real estate broker in Illinois. Mr. Quazzo is a public company director of Marriott Vacations Worldwide (NYSE: VAC) and Phillips Edison & Co. (NASDAQ: PECO). For 22 years (1994-2016), he also served as a director of Starwood Hotels & Resorts (NYSE: HOT), which in 2016 merged with Marriott International (NYSE: MAR). Mr. Quazzo serves on a number of non-profit boards, including: Rush University Medical Center, the Chicago Symphony Orchestra Endowment, the Chicago Parks Foundation, and Deerfield Academy.

Ash Baraghoush

Managing Director

Pacific Urban Investors

Mr. Baraghoush serves as a Managing Director at Pacific Urban Investors. In this role, he is responsible for identifying and evaluating Joint Venture Equity opportunities across the Western US and Preferred Equity opportunities across the Western and Eastern US for multifamily recapitalization, value-add and development projects. Prior to joining Pacific Urban, he served as a Vice President at Ares Management responsible for West Coast investments on behalf of public vehicles, separate accounts, and closed-end funds. Mr. Baraghoush began his career at Bank of America in its Global Corporate Investment Banking division.

Mr. Baraghoush holds a Bachelor of Arts in Business Economics, with a minor in Accounting, from UCLA. He also serves as a Board Member of the Make-A-Wish Foundation and is an active member of the Make-A-Wish Real Estate Chapter.

Amanda Gray

Director, Capital Markets

Invesco Real Estate

Amanda Gray is a Director of Capital Markets at Invesco Real Estate.

Amanda began her investment career in 2016 and joined Invesco Real Estate in 2018. Prior to joining Invesco, she worked in the real estate banking group at Wells Fargo, where she focused on balance sheet debt originations.

Amanda earned a Business Administration degree with a minor in Psychology from the University of Southern California.

2:00 pm: Panel Discussion: Joint Venture Opportunities Outside of Multifamily

  • What assets are joint ventures looking at today?
  • How do key factors such as opportunity zones, tax incentives, construction financing, and international investments impact joint ventures?
  • A deep dive in the rise of joint ventures in life science buildings, data centers, medical offices, industrial properties, and loan assumptions.
  • How do joint venture partners structure their relationships and responsibilities for alternative asset types?

Patrick Fitzgerald


Phillips Lytie

Patrick T. Fitzgerald is a partner at Phillips Lytle LLP and the Co-leader of the firm’s Private Equity Team.  He has decades of experience in the real estate industry, providing legal advice to investment funds, general partners, limited partners, real estate developers and other clients in complex real estate transactions and investment matters. He advises clients on the formation, structuring, and operation of investment funds, and he has a deep understanding of the underlying documents, including partnership agreements, operating agreements and subscription agreements. He is well versed in regulatory compliance issues affecting real estate investment funds and regularly provides guidance on ongoing operational matters, such as investor communications and fund governance. 

Patrick has extensive experience working on all aspects of commercial real estate transactions, including sales and acquisitions, financing, leasing, land use and zoning, easements and covenants, conditions and restrictions. He assists his clients with their matters from start to finish.

Alexander Schaefer

Vice President - Acquisitions, Real Assets

AXA Investment Managers

Alex Schaefer is Vice President, Transactions for AXA Investment Managers. AXA-IM is part of AXA Group, the Paris-based multinational insurance firm.  AXA-IM is the largest real estate asset manager in Europe and one of the largest worldwide.  At AXA-IM, Alex focuses on investments across the risk spectrum and across property types in institutional markets throughout the country where AXA typically invests alongside proven, vertically-integrated sponsors.

Before AXA, Alex worked for TKF Real Estate Investment where he focused on value creating investments in office and mixed-use assets located in urban centers throughout the east coast.  Previously, he was Head of Acquisitions for ALTO Real Estate Funds, a NY based private equity fund that invested in value-add assets across the country alongside veteran local operating partners. Before ALTO, Alex was a Director of Acquisitions for VEREIT, a publicly-traded REIT that owned over 4,000 properties in 49 states. He found himself at VEREIT after working for American Realty Capital in various capacities before eventually transitioning over to a publicly-traded investment vehicle that was merged in to VEREIT. Alex graduated from the University of Connecticut with a B.S. in Accounting before working for Cushman & Wakefield.

Chris Balestra

President and Chief Investment of Officer

Taconic Partners

Chris is President and Chief Investment of Officer at Taconic. He also leads Taconic’s Acquisitions team. As President, Chris oversees corporate matters across the firm. As Chief Investment Officer, he is responsible for all aspects of Taconic’s acquisition businesses and investments. With 20 years of real estate investment experience, Chris has led or been directly involved in the acquisition of nearly $6 billion of real estate while at Taconic, all in New York City metro area. He is also responsible for deal sourcing and structuring, and oversees all of Taconic’s debt and equity financings, as well as fundraising and rezoning initiatives. Prior to joining Taconic in 2005, Chris was a Bank Officer at M&T Bank where he was responsible for underwriting and sourcing commercial real estate loan opportunities in the New York City metropolitan area. Chris earned a Bachelor of Arts degree in economics from Colgate University.

Jerome Nichols


Standard Real Estate Investments


Jerome Nichols is President of Standard Real Estate Investments, where he is focused on new business development and investment sourcing, in addition to his involvement in all major decisions pertaining to the business. 

Prior to co-founding Standard Real Estate Investments, Jerome spent six years at CBRE Investment Management as a Senior Director and Deputy Portfolio Manager of the CBRE U.S. Development Partners Fund Series. In this role, he served as the lead development sourcing officer for CBRE IM Americas and sourced $6 billion in deal volume. He was actively involved in several initiatives at CBRE IM, including his role as the Chair of the Social Impact Counsel. 

In addition to his time at CBRE IM, Jerome spent six years with The Bozzuto Group, a vertically integrated multifamily development and operating company. He is also a former professional football player.

Jerome is an Alumnus and active supporter of the Robert Toigo Foundation.

He received an MBA from the University of Chicago Booth School of Business and a Bachelor of Science in Business from Wake Forest University.

Patrick Keeley

Executive Director

Morgan Stanley Real Assets   


2:00 pm: Panel Discussion: Utilizing C-PACE Financing for Carbon Emissions Reduction

The Commercial Property-Assessed Clean Energy program offers fixed-rate, long-term financing for projects in commercial buildings that improve water and energy use.

  • With interest rates rising and debt funding scarce, does it make sense to include C-PACE in your financing plans?
  • How do you qualify for C-PACE funding?
  • How does C-PACE funding fit into the capital stack?
  • What are the benefits and potential drawbacks of utilizing C-PACE financing?

Michele Pitale

Managing Director

Counterpointe Sustainable Real Estate

Michele Pitale, M.D. heads PACE portfolio management with expertise in energy retrofits as well as special applications related to resiliency and green roofs. Prior to focusing on sustainable energy finance, Dr. Pitale was an Assistant Professor at Albert Einstein College of Medicine and a surgeon in the Critical Care Medical Department at the National Institutes for Health in Bethesda, MD. Her background provides a unique perspective and a passion for advancing projects with benefits for community and accretive economics for owners.

Susan C Morth



SUSAN MORTH is the CEO of the Energy Improvement Corporation, a NY State C-PACE program administrator. Ms. Morth leads overall operations, including the development and implementation of OPEN C-PACE, a public/private partnership that provides commercial property owners innovative financing for energy efficiency and renewable measures. Ms. Morth is the Founder and Chair of the EIC Advisory Committee, a national C-PACE working group which includes large commercial property managers and specialty finance companies. Ms. Morth has over 20 years of capital markets experience including the development of new financial products. Prior to EIC, Ms. Morth was a Partner at Empirical Research Partners and Sanford C. Bernstein & CO LLC.

Curtis Probst



Curtis Probst is CEO of New York City Energy Efficiency Corporation: a green bank that finances energy efficiency and clean energy projects in the Northeast and Mid-Atlantic regions, with a focus on disadvantaged communities. Before joining NYCEEC in 2018, he was a Managing Director and the Head of Sustainable Finance for RMI, a global clean energy think tank. Previously, Curtis worked in investment banking for over 24 years, most recently, as a Managing Director and the Head of Corporate Structured Finance at Goldman Sachs. Curtis received a BComm from University of Calgary, an MPA from Columbia University, an EdD from University of Pennsylvania, and is a Chartered Financial Analyst.

Aundre Oldacre

Founding partner

AoRa Development


Aundre, Managing Partner at AoRa Development, is a construction disruptor with expertise in offsite construction and sustainable development. He oversees the firm's portfolio, from identifying undervalued acquisitions to raising capital. His visionary approach to architectural design and holistic view of deal-making have positioned AoRa as a leader in efficient, sustainable development. His commitment to innovation is evident in his use of cutting-edge technologies, ESG friendly building materials, creative financing and acquisitions strategies. AoRa's strategic use of renewable energy, PropTech solutions, and PACE financing not only benefits the environment but also boosts investor returns.

Aundre has certifications from Cornell’s Commercial Real Estate and Columbia’s Construction Finance Management. He also chairs the Offsite Construction Council with the National Institute of Building Sciences and the finance committee for EIC NY PACE. His innovative prowess was recognized when he won the NYC DOB "Hack the Building Code" contest, creating a solution to expedite permit approval and generate significant revenue for NYC. Aundre's disruptive approach and holistic perspective make him a valuable voice in ESG discussions and a key player in the future of sustainable development.

Ian McCulley


Enhanced Capital


Ian is a Director responsible for Enhanced Capital’s Property Assessed Clean Energy (PACE) business. Prior to joining Enhanced, Ian worked at B. Riley and Dialectic Capital as a hedge fund investment professional. Ian started his career at Grant’s Interest Rate Observer, a biweekly investment publication. Currently based in Denver, Ian attended the University of Colorado and enjoys being outside and in the mountains as much as possible.

2:30 pm: Panel Discussion: Structured and Mezzanine Debt for Alternative Property Types

  • What are the current fundraising and investment prospects for structured and mezzanine debt across the capital stack?
  • What are the emerging asset types that are gaining traction in the market and how are lenders and borrowers approaching them?
  • What are the key considerations for lenders and borrowers when structuring financing for these alternative property types?

Gary Zimmerman

SVP & Chief Underwriting Counsel

Fidelity National Title Group

UCCPlus Division

A leading authority on Articles 8 and 9 of the Uniform Commercial Code and UCC Insurance, Gary supervises the UCCPlus team and participates in all of the company’s underwriting and policies.
As the Chief Underwriting Counsel for UCCPlus, Gary reviews and evaluates transaction structure and provides feedback on the insurability of real estate mezzanine loan transactions, project finance and energy transactions, and major-market working capital and term loans. He also advises outside counsel and major commercial lenders on UCC matters. In addition, Gary provides input to the Fidelity National Title Group companies on secured lending and UCC Articles 8 and 9 issues.
A practicing attorney since 1982, Gary is a frequent lecturer on matters involving Articles 8 and 9 of the UCC, commercial lending practices, UCC foreclosure rules and practice, and the terms, conditions and exclusions of personal property title insurance and endorsements. He is also on the faculty of the Commercial Finance Association’s Professional Education Programs.
Gary is a member of the American Bar Association’s Business Law Section and a member of the Chicago Bar Association. He received his Bachelor of Arts degree from Drake University and his law degree from DePaul University College of Law.

Manish Shah

Senior Managing Director

Palladius Capital Management

Manish Shah is a Senior Managing Director at Palladius Capital Management, where he focuses on real estate investment origination and management and oversees legal matters for the firm. Mr. Shah is also a member of the firm’s investment committee and helps to lead the debt and income funds for Palladius.

Mr. Shah has decades of experience investing in real estate across the capital stack. Previously, Mr. Shah served as a principal and manager of numerous real estate investments, including control equity, preferred equity, mezzanine and senior debt investments. His prior experience includes the turnaround of a publicly traded company (acquired NYSE: EMR), where he was responsible for business and real estate acquisitions and divestitures. He began his career in the investment banking divisions of Bear Stearns and Morgan Stanley.

Mr. Shah has served on or currently serves on the Board of Advisors for Yale’s Jackson School of Global Affairs, Harvard’s Real Estate Alumni Board and the boards of public and private technology companies.

Robert Friedman

Founder & Managing Principal

Tiberias Capital

Robert has over twenty five years of experience in finance, real estate and management. He was a Principal at Lanesborough Partners and a Managing Director at Bankers Capital Realty Advisors, both New York commercial real estate firm which specialized in placing debt and equity on behalf of developers, owners and operators of substantial properties and has arranged several billion dollars of financing since its inception. Robert held a senior role on the international finance desk at Oppenheimer & Co in New York and began his career with Paramount Capital. He currently serves as the Chief Business Development Officer of FullStack Modular, a leading modular innovator in the design, manufacture, and construction of mid- and high-rise multifamily buildings, hotels, and student housing in urban environments. He was also a Co-Founder of TechPrefab, a modular developer that uses a proprietary, cloud-based. construction platform for the design, procurement, material delivery and installation of homes, multifamily and commercial buildings.  Robert received his MBA from Yale University's School of Management with concentration in Finance, Real Estate & Marketing  and earned a BA in Economics from Yeshiva University.

Nicholas Hoffman


Hayne and Boone

Nick Hoffman is a partner in the Real Estate Practice Group in the New York office of Haynes and Boone. Nick regularly represents investment banks, commercial banks, and foreign and domestic private equity clients in sophisticated real estate transactions, including structured loans, mezzanine loans, construction financing, preferred equity investments and joint ventures. Nick devotes a significant portion of his practice to capital markets and syndication work in the debt space including note sales, intercreditor arrangements and participations. Nick also has experience with debt restructurings work-outs, and single asset and portfolio acquisitions and dispositions.

Before joining the firm, Nick was a senior executive with the Ruben Companies, a Manhattan based developer, and was involved in all aspects of the management and development of its office and residential portfolio in New York, Washington, D.C. and Boston.

Shaunak Tanna

 Executive Director

PGIM Real Estate

Shaunak Tanna is an executive director at PGIM Real Estate. Based in New York, Shaunak is responsible for sourcing, underwriting, and structuring real estate investments including senior and mezzanine loans and preferred equity transactions for the eastern U.S. 

Prior to joining PGIM Real Estate, Shaunak was Head of Structured Investments for Basis Investment Group, LLC, where he was responsible for the firm’s mezzanine and bridge lending, and originated a range of investments across stabilized, development and transitional value-add properties. Before Basis, he was with Terra Capital Partners, LLC and its affiliate The Greenwich Group International, LLC. 

Shaunak has a Bachelor of Commerce in accounting and taxation from the University of Mumbai and a Master of Business Administration in real estate from Baruch College. Shaunak is also a Chartered Accountant, and an active member of the Advisory Board for Steven Newman Real Estate Institute of Baruch College.

Sebastian Post

Managing Director & Co-Head of Investments

Lionheart Strategic Management

Sebastian Post is Managing Director and Co-Head of Investments for Lionheart Strategic Management, LLC, the fund management affiliate of Fisher Brothers, and is responsible for sourcing new investments, capital raising, and management of operations. Since joining Fisher Brothers in 2011, Mr. Post has been involved in the creation of the fund management affiliate which has raised over $1 billion from investors. Mr. Post has been involved in the execution of over $2.0 billion of real estate equity investments and over $4.0 billion of real estate credit investments throughout the United States. Mr. Post received a Bachelor of Science in Finance at the University of Central Florida and received a Masters of Science in Real Estate Finance & Investment from New York University.

2:30 pm: Panel Discussion: Capital Solutions for your Joint Ventures Amid the National Deal Volume Dip

  • Where does the equity come from? Alternative channels for JV equity
  • How do you transition your firm from high-net-worth capital to institutional capital?
  • Foreign capital seeking joint ventures - which countries are most active?
  • Key considerations in cultivating and structuring joint ventures with families and private companies
  • Is joint venture real estate development through Tenancy in Common Investment (TIC) a golden opportunity for 1031 exchange investors?

Carly Saviano


Willkie Farr & Gallagher LLP


Carly G. Saviano is a partner in the firm's Real Estate Department. Carly represents all types of clients in the real estate industry, including developers, private equity investors and funds, hedge funds, REITS, public companies, high net worth real estate families and other real estate investors and operators, across all real estate asset classes. She advises on a broad range of complex real estate transactions, including acquisitions, dispositions, joint ventures, preferred equity investments, financings, workout negotiations and restructurings.

Carly was recognized as a 2020 Law360 Rising Star in Real Estate. She was also selected to serve on Law360’s Real Estate Editorial Advisory Board in 2020.

Phillip T. Summers

Managing Director

Lazard Frères & Co

Phillip Summers is a Managing Director in the Real Estate and Lodging Investment Banking Group at Lazard. He specializes in mergers and acquisitions, independent director/ special committee assignments, restructuring transactions and other strategic advisory assignments across all major asset classes.

Since joining Lazard in June 2003, Phillip’s clients for strategic mandates have included many leading public and private real estate owners, companies and families, including: Starwood Hotels, Simon Property Group, Sun Communities, Taubman Centers, Blackstone, Margaritaville, Cortland Partners, Echo Realty, Hawkins Way/Found,  Resource REIT, Target, JCPenney, Accor, Centro Properties, Cole Credit Property Trust III, Equity One, Pyramid, Kildare, First Industrial, Goldman Sachs/Whitehall, Town & Country Trust, Orient Express, Pfizer, InTown Suites, Karisma Hotels & Resorts, and Canadian Pension Plan Investment Board.

Phillip is a member of various industry organizations, including the Urban Land Institute and International Council of Shopping Centers, among others.

Philip McAndrews

Sr EVP, Chief Strategy Officer

RXR Realty


Michael Sorochinsky


Cypress Equity Investments LLC


As Founder and Chief Executive Officer, Michael Sorochinsky is the visionary of CEI and the driving force behind the company’s real estate portfolio. Michael’s investment strategies, business philosophy, and transaction execution diligence has brought about substantial annualized returns to equity.

Michael received his JD from the UCLA School of Law and is based in Denver, Colorado.

Paul Fried

Executive Managing Director, Head of Equity Capital Markets

Greystone & Co., LLC

Paul M. Fried, Executive Managing Director and Head of Equity Capital Markets, is responsible for leading Greystone’s equity capital placement services. Paul and his team provide advice on structuring creative equity solutions and source institutional equity capital on behalf of real estate owners and developers across all commercial property types.

Paul has a JD from Rutgers (Newark), where he was an Editor of the Law Review, and a BA from Rutgers College (New Brunswick; History) where he was a Henry Rutgers Scholar. He is a Council Member of the Urban Land Institute.

2:30 pm: Panel Discussion: Setting Up the First 90 days, 6 months and 1 year of Your ESG & DEI Journey

Identify the different actions you need to take based on where you are in your ESG and DEI journey. Discussion will include:

  • Establishing appropriate goals
  • Implementing proven strategies for faster and smarter adoption
  • Overcoming obstacles and challenges
  • Ensuring alignment of expectations

Lizzie Adams

Head of ESG, Americas Real Estate Investing, Goldman Sachs Asset Management

Goldman Sachs


Lizzie Adams is the Americas Head of ESG for Real Estate Investing within Goldman Sachs Asset Management where she helps define the global ESG strategy, sets in place frameworks, and oversees implementation. She has been working in ESG for the built environment for 13 years and joined Goldman Sachs in 2021. Ms. Adams received a BS in Chemical Engineering from Northeastern University.

Isela Rosales

Managing Director and Head of ESG & Sustainability

Bridge Investment Group

Isela Rosales, CAIA, serves as a Managing Director, Head of ESG and Sustainability at Bridge Investment Group, a leading, vertically integrated real estate investment manager, diversified across specialized asset classes. Ms. Rosales leads the firm’s ESG Steering Committee to oversee the development, implementation, and refinement of firm-wide environmental, social and governance initiatives, programs, and practices, driving sustainable investments and operations. She also launched and leads Bridge’s Climate Change Task Force to increase awareness of climate risks and opportunities at all levels of the organization.


Sara Neff

Head of ESG


Sara Neff is Head of Sustainability for Lendlease Americas, where she is helping the company meet its ambitious goal of achieving absolute zero carbon across every scope by 2040 while creating $250 million of social value by 2025. In 2022, under her leadership Lendlease earned the top residential score in the Americas on GRESB and multiple green leasing awards from the Institute for Market Transformation. Previously, she served as Senior Vice President, Sustainability at Kilroy, where she helped the company achieve carbon neutral operations in 2020. She is a LEED Fellow and holds a BS from Stanford and an MBA from Columbia Business School.

Randall Drain

Managing Partner & Chief Investment Officer


Daren Moss

Principal, ESG - Real Estate Lead

Ares Management

Mr. Moss is a Principal in the Ares Environmental, Social and Governance Group. Prior to joining Ares in 2022, Mr. Moss was a Senior Vice President, Operations and Sustainability at Brixmor Property Group, where he focused on developing and overseeing their ESG program and climate change strategy, directed portfolio wide operations and sustainability initiatives, and led environmental risk and liability management. Previously, Mr. Moss was a Senior Project Manager at Roux Associates, Inc, where he focused on advising clients in a variety of industries related to legacy contamination issues and environmental aspects of property transactions and development. Mr. Moss holds a B.A. from Colgate University in Geology and an M.E.S. from the University of Pennsylvania in Environmental Studies. Mr. Moss is a licensed professional geologist in the State of New York.

3:00pm - Networking Break

Build meaningful connections through one-on-one meetings.

3:30pm - Roundtables

Choose your topic for an interactive discussion with fellow attendees on the most pressing issues facing the industry. Network at small tables and participate in lively topical conversation. This format provides an excellent opportunity to meet your industry peers in a unique setting.

Roundtable 1 - Legal Considerations in Mezzanine Lending

A deep dive into an intercreditor agreement between a senior lender and a mezzanine lender.

  • What issues are being discussed and negotiated?
  • How does the intercreditor agreement mitigate risks for the mezzanine lender in the event of borrower default?

Roundtable 2 – The Evolving Role of Technology in Real Estate Lending

  • How can innovative technologies such as artificial intelligence and blockchain be used to improve underwriting, operations and transactions?
  • How will generative AI impact accuracy and bias in the real estate industry?
  • In what ways can AI automate document review and analysis in the real estate industry, and what impact will this have on real estate professionals?

Roundtable 3 - Effective Strategies for Negotiating a Distressed Deal

  • What are some of the key challenges in negotiating a distressed deal from the perspective of both buyers and sellers?
  • What are some effective strategies for rescuing or defeasing a distressed deal that has changed?
  • How can you turn a distressed deal into a profitable opportunity?

Roundtable 1 – Office-to-Residential Conversions: A Solution for the Unstable Office Market and Nationwide Housing Shortage.

  • What are the legalities involved in office-to-residential conversions?
  • What is the Multiple Dwelling Law, and how does it affect office-to-residential conversions in New York City?
  • How partnerships can work through planning challenges, zoning approvals, construction financing, and rising insurance costs?
  • Rental apartments, condo or co-op structure – which structure is right for your REJV?
  • What are the key expense and physical considerations in an office-to-residential conversion?

Roundtable 2 - Refinancing Floating Rate Debt in a High Interest Rate Environment

  • How to navigate the complexities of refinancing all the floating rate debt acquired in the past three years?
  • What are short-term vs. long-term solutions for refinancing floating rate debt in a high interest rate environment?

Roundtable 3 – Maximizing Benefits in Real Estate Joint Ventures through Legal and Tax Strategies

  • What key factors should be considered and included in a written agreement when entering a joint venture?
  • What laws and tax regulations apply to domestic vs foreign investors in a JV?
  • What are the steps for operationalizing a joint venture termination agreement?

Roundtable 1 - Investing in Cities with ESG Requirements: A Look at NY Local Law 97

  • How are owners and lenders thinking about this law when weighing future investment in New York City?
  • How do appraisers take environmental regulations into account when assessing value?
  • Do investors view cities with ESG requirements -- like Chicago, New York and Los Angeles – differently from cities without such requirements?

Roundtable 2 – Advancing DEI in Commercial Real Estate

  • What are some best practices to recruit and retain women and minorities in commercial real estate?
  • How can the industry collaborate to broaden its pool of potential candidates
  • How to increase access to capital and credit to support diverse operators and fund managers
  • What are some metrics to use to measure progress?

Roundtable 3 - The ‘S’ in ESG: Practical Ways to Have a Social Impact

This session will highlight the initiatives of real-world firms that have achieved both social impact – and investment returns.

  • What are the challenges associated with defining the "S" in ESG?
  • How do real estate companies incorporate the "Social" pillar of ESG in their business operations, both at the property level and on the workforce level?
  • How to create ROI with “S” initiatives?
  • How can tenant amenities contribute to a building's social standing?

4:30 pm: Closing Keynote Interview

Cary Carpenter

Managing Director  - Head of CRE Capital Markets, Trading & Syndication

Starwood Capital 


Cary has 20+ years of experience in different facets of commercial real estate ranging from structured finance to design and development.  Currently Cary is a Managing Director of CRE Capital Markets, Trading & Syndication at Starwood Capital.  His current responsibilities including pricing, structuring and capital commitment for the acquisition and sale of CRE debt for the Starwood REIT.  He is also responsibility financing and sales efforts of whole loans via private sales and the CMBS market as well as managing the warehouse lines for the REIT.

Prior to joining Starwood Cary was a Partner at Coastal Capital (2009 to 2010) where he managed the process of acquiring performing, sub-performing and non-performing CRE debt.  From 2004 to 2008 Cary was an Executive Vice President with Countryside CRE Finance and was responsible for the pricing, structuring and sale of all fixed and floating rate high yield commercial real estate debt.  

Prior to joining Countrywide Cary was a Partner at Coastal Capital Partners; a Managing Director for Precept Corporation, Vice President of Structured Finance at Nomura Asset Capital; Senior Consultant at Deloitte and Touche; Project Designer for The SWA Group and Sasaki Associates.

Cary earned an M.S. in Real Estate Development and Finance from Columbia University in 1993 and a Bachelor of Landscape Architecture from Kansas State University in 1988.

4:30 pm: Closing Keynote Interview

Dean Allara

Vice Chairman

Bridge Investment Group


Dean Allara has served as one of Bridge Investment Group Holdings Inc.'s directors since its formation and is the Head of Client Solutions Group and a Partner of the Operating Company. Mr. Allara has been a principal of BFG since 1996. Mr. Allara currently serves on the investment committees for the general partners of Bridge Multifamily Funds III and IV, Bridge Workforce Funds I and II, Bridge Seniors Housing Funds I, II and III, Bridge Office Funds I and II, and Bridge Opportunity Zone Funds I, II, III and IV. He has over 30 years of experience in the real estate investment process including analyzing, capital raising, acquiring, financing, developing, managing, improving and selling properties. Mr. Allara has been directly responsible for capital raising and investment of over $5.0 billion in multifamily, seniors housing, single family residential, commercial office, resort, golf, hotel, and retail properties. Mr. Allara has experience in real property development including permits and zoning, master planning, debt financing, insurance, construction management, homeowners' association management, marketing, and residential sales. Mr. Allara received his Bachelor of Science degree in Business Administration from St. Mary's College with a year spent at Loyola University of Rome and his Master of Business Administration from Santa Clara University including studies at University of Tokyo.

4:30 pm: Closing Keynote Interview

4:50 pm - Cocktail Reception & Networking