Agenda

October 28, 2021

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8:00 am - REGISTRATION AND NETWORKING BREAKFAST

8:45 am - IGLOBAL FORUM OPENING REMARKS AND UPDATE

9:00 am - NAVIGATE MACROECONOMIC HEAD AND TAILWINDS: IMPLICATIONS OF A RATE HIKE AND INFLATION

  • A look at the real estate cycles; financing, values, yields
  • How will tighter monetary policy impact the market?
  • Impact of the Biden administration on sectors and regions
  • To what extent does real estate activity lag the wider economy? Time frames for distress to penetrate the real estate market

Moderator

Jay Neveloff

Partner

Kramer Levin

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Donald Hall

Head of Research

Nuveen Real Estate

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Steve LeBlanc

Partner

Capridge Partners

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TJ Parker

Managing Director

Barings

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9:30 am - INVESTOR PANEL: IDENTIFYING RELATIVE VALUE OVER THE NEXT DECADE AND NAVIGATING A SELLERS’ MARKET FOR QUALITY ASSETS

2021 has seen a storm of buying forces, with pent up demand being unleashed as investors are put under pressure to deploy capital at favourable funding rates. This tsunami of capital is creating fierce competition for quality assets, and demand is spilling over to tertiary assets and geographies. The world’s largest real estate investors, across debt and equity, will share unique insights on how they will invest through the next cycle.

  • How are investors evaluating the relative value of real estate against other real and alternative assets?
  • Portfolio construction across the next cycle; allocations across assets, geographies, and strategies
  • Identify the highest risk adjusted returns within real estate
  • How will investors react to increased competition for assets?
  • What role will distressed investing play in generating alpha?
  • The role of alternative assets; what in house expertise is needed?

Moderator

Chester Lee

Partner

Duane Morris

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Jae Yoon

CIO

New York Life Investors

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Frederick Cooper

Senior Vice President - Finance, International Development and Investor Relations

Toll Brothers

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Marc deBree

Managing Director, Real Estate and Alternatives Asset Class Head

TIAA

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10:30 am - NETWORKING BREAK

10:45 am - SOFR AND ITS IMPLICATIONS ON YOUR LOANS

The Secured Overnight Financing Rate (SOFR) is a new interest rate benchmark for business and consumer lending that will replace Libor.

Joyce Frost

Co- Founder

Riverside Risk Advisors

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11:00 am - DEFINING THE MEGATRENDS OF TOMORROW (TELEHEALTH, LIFE SCIENCES, DIGITISATION); HOW SHOULD INSTITUTIONAL INVESTORS EVALUATE ALTERNATIVE ASSETS AND ACHIEVE SCALE?

The pandemic has accelerated megatrends, from the explosion of e-commerce to the rise of telehealth solutions. With parts of the retail and office markets facing structural headwinds, investors are increasingly turning to non-traditional sectors as sources of resilient, income-driven performance, but how should investors approach these alternative assets?

  • How to achieve scale with niche assets
  • Identifying a robust sponsor or partner
  • What returns are on offer in this space?
  • Timing and execution
  • Digital assets: will these structural trends continue?
  • Survey of digital assets; data centres, 5g and cell towers
  • What is the risk return profile of these assets?
  • What sites are suitable?
  • Understand the pitfalls; power requirements and connectivity
  • Last mile industrial logistics; meeting the boom in e-commerce and building robust supply chains
  • Will ecommerce demand weaken as retail centres open?
  • How do you configure buildings to meet demand?
  • Life sciences; identifying the right opportunity and mitigating risks
  • Repositioning space for healthcare
  • Challenges: integration of physical real estate and design
  • What buildings are suitable? What constitutes a tenancy?

 

David Gilbert

Chief Executive Officer, & Chief Investment Officer

Clarion Partners

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Francis Greenburger

CEO

Time Equities Inc

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Terrell Gates

CEO

Virtus Real Estate Capital

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11:45 am - HOW WILL THE PANDEMIC CHANGE URBAN AND SUBURBAN CENTRES?

The crisis has triggered structural and behavioural trends, impacting the way we think about work value space. Will these demographic trends be temporary, or will there be a permanent paradigm shift for cities and spaces?

  • How will businesses and investors manage the reduced demand for office space?
  • What does the future hold for gateway cities?
  • Data demographics: where and how will people live, and how will this impact values in urban centres?
  • Understand how the megatrends of demographics, technology, and sustainability, will drive demand for real estate globally
  • Identify resilient cities and buildings that can adapt and thrive to these structural changes

Leslie Wohlman Himmel

Founder and co-managing partner

Himmel + Meringoff Properties

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Eric Birnbaum

Founder

Imperial Cos

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Kent Swig

President

Swig Equities

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12:15 pm - NETWORKING LUNCH

12:45 pm - LUNCHEON WORKSHOP

Joyce Frost

Co-Founder and Partner

Riverside Risk Advisors

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1:45 pm - ROUNDTABLE DISCUSSIONS

The Future of Opportunity Zone Funds

  • Impact of potential law changes
  • Investment in OZ funds versus alternatives (e.g., 1031 exchanges, UPREIT, etc.)
  • Cost of OZ capital – past, present, future
  • Current appetite for OZ funds as program has matured
  • Have funds been subscribed that require investment

Kyle Wissel

Principal

Mazars

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3:15 pm - IDENTIFYING OPPORTUNITIES FOR DISTRESSED INVESTMENTS: ANALYSIS OF THE CREDIT CYCLES

Investors are increasingly looking to distressed debt and credit opportunities that offer relatively stable cash flows in a low yielding environment. Paradoxically, the window of distress was unexpectedly small during the crisis, so will distress opportunities emerge, and how will investors manage the next credit cycle?

  • Will distressed debt opportunities emerge as the real estate market lags behind the wider economy?
  • Outlook for the retail and hospitality sectors
  • Will there be increased stress in the market once government support schemes wind down?
  • An analysis of covenants and underwing standards, what the risks should borrowers and investors should monitor
  • The economics of investing; how will spreads on assets and liabilities evolve?
  • Performance of different tranches during the crisis
  • What opportunities exist for distressed acquisitions?

Michael Eglit

Managing Director

Blackstone

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Spencer Garfield

Managing Director

Fortress

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Shaunak Tanna

Head of Structured Investments

Basis Investments

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4:00 pm - COCKTAIL RECEPTION & NETWORKING