Real Estate Joint Ventures Forum

October 15th, 2024
New York

 

Rising interest rates have significantly impacted real estate investment, leading to fewer fund launches and a shift towards safer, larger funds. According to Preqin’s Global Report 2024, only around €100 billion ($107.7 billion) was raised in the first 9 months of 2023, a stark 56% drop from the previous year. In response, investors are seeking creative ways to enhance real estate value.

Whether you're looking for new contacts, innovative ideas, or funding opportunities, we've got it covered at the Real Estate Joint Ventures Forum on October 15th in New York.

You'll leave with insights on evolving market dynamics and regulatory shifts that require adaptation in joint venture strategies. Understand how to conquer regulatory roadblocks and dominate the market through powerful JVs.

Network with leading:

  • Real Estate Private Equity Firms
  • Real Estate Developers & Project Sponsors
  • Real Estate Owners & Operators
  • Senior & Mezzanine Lenders
  • Institutional Investors & Family Offices
  • Asset Managers
  • Attorneys & Accountants

The summit begins with insightful plenary sessions in the morning, laying the groundwork for engaging discussions across diverse topics. As the afternoon progresses, the agenda transitions into three specialized forums, each zeroing in on a distinct aspect of real estate. The Real Estate Joint Ventures Forum, a key component of this summit, is designed to delve into the critical dimensions of joint ventures within real estate finance.

Please find below the comprehensive agenda for the Real Estate Joint Ventures forum. For a detailed overview of the entire summit agenda, kindly click here.

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Agenda

12:25 pm - Luncheon Workshop

Join your peers to discuss the most pressing issues in CRE today

1:20 pm - Chairperson's Welcome

1:30 pm - Panel Session: JV Evolution: Adapt, Conquer, and Dominate the Real Estate Market Together

The market evolves, and so should your JVs. This session equips you to adapt your strategies in the face of growing syndication complexity and regulatory shifts. Learn how to conquer challenges and dominate the market through powerful joint ventures.

  • Adapt & Conquer: Discover how to flex your deal structures to thrive in the ever-evolving world of real estate syndication. Unlock new deals, maximize returns, and leave the competition in the dust.
  • Conquer Regulatory Roadblocks: Emerging legal and regulatory challenges threaten traditional restrictive covenants. Learn winning strategies to deal with these and secure your deals.
  • Dominate Through Partnership: Tired of losing control in JVs? Explore alternative access points that ensure alignment with your partners and maximize your control over the project.
Moderator

Andy Charles

Partner 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.

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.

Diego Hodara

Founder and CEO Titanium Realty Group

Michael R. Negari

Executive Vice President - Family Office CRE Sovereign Capital NYC

2:00 pm - Panel Session: Supercharge Your JVs with Cutting-Edge Fundraising Strategies!

Inflation's soaring, competition's fierce. But your JVs can still soar! This session covers the secret fundraising strategies used by top emerging managers to maximize value and dominate the market.

  • Unlock Capital in a Tough Market: Discover proven strategies to access the cash you need even in a high-inflationary environment. Fuel your JVs and secure high-performing deals.
  • Mitigate Risk & Maximize Reward: Master the art of risk management in joint ventures. Learn how to protect your investments while maximizing returns.
  • Pivot Like a Pro: The market's ever-changing. Discover how your JV can offer flexibility to adapt your investment strategies and capitalize on new opportunities.
  • Future-Proof Your Portfolio: Get insights on emerging trends in capital-raising strategies. Position yourself for success in the years to come.
Moderator

Leo Jacobs

CEO and Founder Jacobs Law

Craig Deitelzweig

CEO Marx Realty & Improvement Co

Craig Deitelzweig joined Marx Realty as its President and CEO in 2017 and has been responsible for growing the company as well as streamlining the company’s strategy by focusing on value-add office investments in three core markets: New York City, Washington D.C. and Atlanta. Craig is also charged with repositioning Marx’s entire portfolio as well as growing the Marx team and profitability. Over his 25-year career, Craig has vast experience in every aspect of the real estate industry and believes in a very hands-on approach.  

Prior to Marx, he held senior roles at both private equity and private development companies, including redeveloping over 50 assets in major markets across the country with a particular emphasis on NY and DC. Craig’s projects have received various awards from industry groups such as NAIOP, BOMA, Globe St., Crain’s, Washington Business Journal and AIA. He has been interviewed as a thought and innovation leader in several features in the Wall Street Journal, Fortune, CNN, CBS, Bloomberg and on CNBC, and was selected as one of the Real Estate Forum’s Best Bosses of 2019. Under Craig’s leadership, Marx was selected to Crain’s Best Places to Work in 2020, 2021, and 2022. 

Craig graduated Cum Laude from Tulane University’s Freeman School of Business (where he currently serves on the Executive Committee of the Advisory Board) and earned a J.D. at Fordham University’s School of Law. Craig serves on the Mixed-Use Council of the Urban Land Institute as a ULI mentor; on the Strategic Advisory Council of Shadow Ventures, a venture capital firm specializing in PropTech investments; and on ULI's New York Awards Selection Committee.

Remy Raisner

Founder and CEO The Raisner Group

Mr. Raisner is the Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a real estate private equity firm headquartered in New York City.

Initially, The Raisner Group purchased distressed apartment buildings auctioned off by banks. Since then, it has made instrumental contributions to the rebirth of Brooklyn.

Under his leadership, Proteus has raised capital domestically and internationally since 2009. It has been active in non-performing notes and fee simple transactions, and focuses primarily on value-add, residential and mixed-use real estate investments in New York City. Most of the firm’s acquisitions have taken place in the outer boroughs, with an emphasis in the emerging Brooklyn neighborhoods of Bushwick and Bedford-Stuyvesant.

Starting 2013, The Raisner Group also became involved in PropTech, through its affiliate Raisner Tech Ventures, and made seed round investments in such startups as TheGuarantors, Enertiv, RealCrowd, LeasePilot, Nooklyn and PlotBox.

Prior to creating his company, Mr. Raisner worked as an equity trader for a hedge fund in New York and as a private equity investor in Argentina.

In conjunction to being an entrepreneur, Mr. Raisner has been a contributor to numerous international and domestic media outlets since 2011. His articles have been featured in publications including Forbes, Le Monde, the Philadelphia Inquirer, the Observer and The Huffington Post (U.S., Canada, France, Italy and Mexico editions) and have been published by think tanks such as The Berggruen Institute, The World Economic Forum and The Urban Land Institute.

Mr. Raisner graduated Magna Cum Laude with a Bachelor’s Degree in Business from Fairleigh Dickinson University, where he wrote a thesis on the Economic Impact of Yugoslavia’s Political Evolution.

He holds a MBA from Columbia Business School with Dean’s List honors, and attended Universidad de San Andres in Buenos Aires. He is a CFA Chartherholder, a Foreign Trade Advisor to the Government of France and a Founding Member of the Transatlantic Forum of the French-American Foundation.

He is a frequent lecturer at universities and conferences, and is involved in various New York City organizations committed to ending homelessness and economically empowering lower-income communities.

He grew up in Paris and played professional basketball prior to his career in business.

Peter C. Lewis

Chairman and Founder Wharton Equity Partners

Mr. Lewis is Chairman, President and Founder of Wharton Equity. Since its inception in 1987, he has overseen the expansion of the firm’s investment reach across different asset classes and strategies. As Chairman of the Real Estate Investment Committee, Mr. Lewis drives the direction of the firm as it executes its disciplined strategy of recognizing and capitalizing on emerging trends.

Among other initiative over the course of his leadership of Wharton Equity, Mr. Lewis established the firm’s industrial, multifamily, self-storage, homebuilding, hospitality and venture capital platforms resulting in $2.5 billion of transactions.

Mr. Lewis has had a diverse career having been employed in investment banking, commercial banking and tax accounting prior to forming Wharton Equity.  Besides his real estate activities, he is an active venture capital and private equity investor.  Mr. Lewis received his Bachelor of Science degree in Economics from the Wharton School at the University of Pennsylvania and his Master in Business Administration from the Graduate School of Business at Columbia University. He is a frequent guest lecturer in real estate, and is involved in a number of philanthropic endeavors.

2:30 pm - Panel Session: The Art of the JV Split: Mastering Exit Strategies for a Clean Break!

Want to leave your JV on a high note? This panel equips you with the expertise to strategize a flawless exit. Learn from experts on how to maximize value, avoid pitfalls, and achieve a successful exit.

  • Exit Strategy Savvy: Master the art of crafting effective JV exit strategies. Explore the various options - buyouts, dissolution, IPOs, recapitalization - and their implications for maximizing value.
  • Avoiding the Pitfalls: Identify and mitigate common risks and challenges associated with JV exits. Learn strategies to avoid costly disputes and ensure a smooth transition.
  • Tax & Regulatory Maneuvers: Understand the financial, tax, and regulatory considerations specific to JV exits. Minimize liabilities and maximize your profit potential.
  • Drafting for Clean Breaks: Learn how to protect your interests and minimize risks for a confident and clean exit.

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.

Nicholas Baccile

Director 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).

Frederick N. Cooper

Senior Vice President Toll Brothers, Inc.

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.