March 25, 2025 | New York

Agenda

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08:00 AM

Breakfast & Networking: Build Connections Over Coffee

Your first opportunity to network is here. Enjoy premium coffee and breakfast alongside institutional leaders, unlocking valuable conversations before the agenda kicks off.

08:50 AM

Chairperson’s Welcome & Opening Remarks

Begin the summit with a clear roadmap. Our chairperson will walk you through the agenda, highlighting the themes and trends that will define the conversation: market resets, capital shifts, and emerging opportunities. This opening session will ensure you’re primed to make the most of every panel, keynote, and connection

09:00 AM

KEYNOTE: Capital Under Pressure: How LPs Are Redefining Real Estate Strategy in 2025

With capital flows into commercial real estate projected to shrink by 10% in 2025 and liquidity constraints deepening, the landscape is shifting. LPs are rethinking their approach to investment, adjusting to new pressures from both external market forces and internal portfolio dynamics. This panel will dive deep into how LPs are recalibrating their strategies to succeed in a transformed market, where flexibility, innovation, and adaptability are key to unlocking new opportunities.

  • Targeting the Winners: Where are LPs placing their bets in 2025? Which asset classes are drawing the most attention, and what specific characteristics are LPs looking for in these opportunities?
  • High-Value Partnerships: In light of tightening liquidity, what types of partnerships or co-investment structures are LPs seeking in 2025? How can GPs align their strategies to attract LP capital and meet evolving expectations?
  • Strategic Flexibility: As LPs become more selective with capital deployment, what makes an opportunity stand out to them? How can GPs demonstrate flexibility, scalability, and risk-adjusted returns to win LP commitments in a highly competitive market?
09:40 AM

The Evolution of Real Estate Investment Vehicles: How Hybrid Models Are Disrupting Traditional Capital Flows

In 2025, hybrid investment vehicles are projected to dominate, capturing over 30% of global capital flows into real estate. These innovative structures—merging debt, equity, and alternative financing—are revolutionizing the market, offering investors a strategic edge in uncertain times. As traditional investment models become outdated, understanding and adapting to these flexible, scalable solutions will be the key to unlocking growth and securing capital in a rapidly evolving landscape. This is the future of real estate investment—don’t miss it.

  • The $70 Billion Opportunity: Hybrid models are projected to capture 30% of global capital flows in 2025—how can you leverage these flexible structures to secure a significant portion of this market share and gain an edge in the evolving landscape?
  • Maximizing Flexibility and Speed:With traditional investment vehicles losing appeal, how do hybrid models provide faster scalability, reduced restrictions, and greater flexibility, particularly for investors looking to move quickly in 2025’s tight market?
  • Institutional vs. Private Investors: As institutional investors race to adapt, what strategies can private investors adopt to remain competitive in a landscape where hybrid models are becoming dominant, and how can family offices effectively structure these models for long-term growth?

Moderator

Jay Neveloff

Partner

Kramer Levin Naftalis & Frankel LLP

Mr. Neveloff represents clients in all aspects of transactional real estate as well as complex restructurings.  Mr. Neveloff has represented developers of numerous mixed-use projects, including Time Warner Center, as well as numerous regional and local shopping centers, and other commercial projects throughout the country.

Recently, Mr. Neveloff represented Starwood Hotels in selling the retail portion of the St. Regis Hotel, Manhattan; the owner of Starrett City, the largest federally subsidized housing complex in the United States, in a capital transaction; Fortress Investments in connection with The Sheffield, a 497-unit condominium; New York Life Insurance Company in the sale of Manhattan House, a residential complex comprising an entire block of Manhattan; and the seller of The New Frontier Hotel Casino in Las Vegas, Nevada.  Mr. Neveloff has represented Donald Trump for more than 25 years in innumerable matters.

Mr. Neveloff received his J.D. from NYU and was elected to the American Law Institute, American College of Real Estate Lawyers and American College of Mortgage Attorneys.

Danny Malkin

Managing Director

Blackstone


Danny Malkin is a Managing Director in Blackstone Real Estate Debt Strategies ("BREDS") on the Private Investments team, based in New York. Mr. Malkin is responsible for overseeing the U.S. Private Investments team in the sourcing, underwriting, and structuring of debt investments across all asset types and geographies.  Mr. Malkin previously worked for Blackstone in both London and Sydney.

Mr. Malkin received a BBA from the Ross School of Business at the University of Michigan.

Mark Hertz

Managing Director - Head of U.S. Investmenta

Corebridge

Mr. Hertz is responsible for Corebridge's Global Real Estate's U.S. equity investment activities, overseeing various real estate teams that source, underwrite and close new acquisition and development opportunities for all product types, including multi-family, retail, office, industrial, hotel, and senior/student housing. Prior to joining Corebridge Global Real Estate in 2009, Mr. Hertz was a Managing Director at Amstar Global Advisors, a private equity fund, where he was responsible for all real estate investments and dispositions, with assets in Russia, Turkey and India. Prior to Amstar, Mr. Hertz was a Managing Director at Corebridge Global Real Estate where he was responsible for U.S. retail property investments. Prior to Corebridge, Mr. Hertz was a Senior Vice President at Prime Retail, a Baltimore based REIT, where he was mainly involved in acquisitions and development, property dispositions, asset management and structuring lender and equity partner work-out strategies. Mr. Hertz received a Bachelor of Science degree in Real Estate from The Pennsylvania State University and a master's degree in real estate investment from Johns Hopkins University.

Dean Shapiro

Global Head of Development

Oxford Properties

Dean J. Shapiro is Global Head of Development for Oxford Properties. In this capacity, Dean is responsible for leading Oxford’s development business (including Oxford’s investment in Hudson Yards), which spans 3 continents and represents approximately 15% of Oxford’s global portfolio.
Formerly, Dean served in numerous capacities at Oxford including Head of Strategic Partnerships, member of the North American Executive Leadership Team, and as the Head of US Development for Oxford - where he was responsible for over 30 development projects around the US in the office, residential, and life sciences asset classes. Notable projects included Hudson Yards and St. John’s Terminal, the latter of which was Oxford-led and sold to Google for over $2 Billion.
Dean has over 34 years’ experience in the real estate industry including as COO and Partner in Building and Land Technology in Stamford, CT where he was involved in the
re-development of South Stamford, CT into a vibrant mixed-use destination, and at CBRE
where he held various positions, ultimately as leader of its NYC business.



10:20 AM

AM Break & Networking

Recharge and connect with peers over coffee. Discuss key takeaways from the morning's insights and build relationships that can drive future deals.
10:30 AM

Emerging Investment Strategies: Pivoting to Distressed Assets and Repurposing Underperforming Real Estate

The commercial real estate market is set for a major shift. With $94 billion in distressed assets expected by mid-2025, the next phase of real estate growth will be driven by strategic acquisitions and repurposing. This panel will reveal how investors can seize these opportunities to build stronger portfolios in 2025 and beyond.

  • Overcoming Hurdles: What are the critical financial and regulatory obstacles to repurposing distressed properties, and how can investors overcome them to unlock new value?

  • Navigating Market Timing Risks: With distressed assets becoming more accessible, what are the risks of market timing? How can investors differentiate between a temporary dip and a long-term value trap?

  • Avoiding Value Traps: How can you avoid falling into the trap of a short-term market dip? Learn how to distinguish fleeting challenges from long-term opportunities. 

Cary Carpenter

Head of CRE Capital Markets, Trading & Syndication

Starwood Capital Group

Cary Carpenter is a Managing Director of commercial real estate, capital markets, trading and syndication at Starwood Property Trust. In this role, Mr. Carpenter is responsible for pricing, structuring and capital commitments for the acquisition and sale of CRE debt for Starwood Property Trust. He also manages the financing and sale of whole loans, as well as warehouse lines for the company.

Prior to joining Starwood Property Trust in 2010, Mr. Carpenter was a Partner at Coastal Capital Partners, where he managed the acquisition of performing, sub-performing and non-performing CRE debt. As an Executive Vice President with Countrywide Commercial Real Estate Finance, Cary was responsible for the pricing, structuring and sale of all fixed and floating rate high-yield commercial real estate debt. Before that, Mr. Carpenter served his initial stint at Coastal Capital Partners, where his responsibilities included client development and capital raising for third parties. Before that, he was a Managing Director for Precept Corp., an online marketplace for CRE financing, with responsibilities including business and product development, and capital raising. Prior to that, he was a Vice President of Structured Finance at Nomura Asset Capital, a Senior Consultant in Deloitte and Touche’s real estate capital markets group, an Assistant Treasurer in Toyo Trust and Bank’s real estate finance group, and a Project Designer for both The SWA Group and Sasaki Associates.

Cary received an M.S. in real estate development and finance from Columbia University, and a Bachelor of Landscape Architecture from Kansas State University.

Sean Brenan

Managing Director

Goldman Sachs

James Fogarty

Managing Director Real Estate

Macquarie Asset Management

James has over 17 years of real estate investment and asset management experience in various property sectors, across the entire capital stack in the US, Europe, and Asia.  He recently joined Macquarie and focuses on the sourcing, execution, and management of MAM Real Estate’s investments in the Americas.  Prior to joining Macquarie, James worked for 11 years (2011-2022) at Starwood Capital Group where he led investments in the Tri-State area after successfully starting Starwood’s investments in Australia and helping to grow their European business.    

His experience includes over US$7 billion of acquisitions of residential, industrial, office, student housing, and retail.  Additionally, he has significant experience in buying performing/nonperforming debt and originating debt / preferred equity.  James started his career in the large loan originations team at Lehman Brothers. 

Mr. Fogarty graduated from the University of Pennsylvania with a Bachelor of Arts (Cum Laude B.A.), History and a Minor in Urban Real Estate from the Wharton School. 

11:10 AM

Case Study: Topic TBC

Leo Jacobs

Managing Partner

Jacobs P.C

Leo Jacobs is a commercial litigation and bankruptcy attorney and the founder of Jacobs, P.C., a boutique law firm known for finding creative, direct, and expedient solutions to complex and high-profile issues.

11:30 AM

AM Break & Networking

Recharge and connect with peers over coffee. Discuss key takeaways from the morning's insights and build relationships that can drive future deals.
11:40 AM

KEYNOTE: The Future of Real Estate Capital Markets: Navigating Rising Rates, Inflation, and Tightening Liquidity

With a projected 15% contraction in commercial real estate debt volumes in 2025, navigating rising interest rates and inflation will be critical for success. Liquidity is tightening, and investors must adapt fast. This keynote will provide key strategies to:

  • Adapt to Rising Rates and Inflation: Discover how top investors are recalibrating their strategies to stay profitable despite these macroeconomic pressures.
  • Identify Shifting Capital Flows: Understand where capital will be directed in 2025—will it favor safer, defensive assets, or will higher-risk opportunities drive returns?
  • Secure Debt in Tight Liquidity Conditions: Learn how to maintain access to financing even as liquidity tightens across markets, ensuring your portfolio stays resilient.
  • Unlock Alternative Capital Sources: Explore how to tap into alternative funding sources to complement traditional capital, ensuring you can continue to scale and compete in a changing market.

David Weinreb

CEO

WeinrebVentures

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.

12:00 PM

Navigating the $1.2 Trillion Debt Maturity Wave: Strategies and Opportunities for Lenders

With $1.2 trillion in CRE debt maturing by 2025, lenders face high-stakes decisions: How can systemic risks of default be contained? What strategies can recalibrate underwriting as valuations plunge by up to 30%? And where do innovative debt structures, such as C-PACE financing, offer solutions to a growing liquidity crunch? This session dives deep into the complexities and opportunities shaping the future of commercial real estate lending.

  • Managing Systemic Risk: With $1.2 trillion in CRE debt maturing by 2025, how should lenders address the potential systemic risk of widespread defaults, particularly in asset classes like office and retail, where valuations have fallen significantly?
  • Valuation Adjustments and Strategic Lending: Given that property valuations in some sectors have dropped by as much as 30%, how can lenders strategically recalibrate their underwriting to account for declining collateral values without freezing credit markets?
  • Liquidity Crunch Mitigation: How should lenders and borrowers manage the liquidity crunch caused by the sharp pullback in traditional bank lending? What innovations in debt structuring, including C-PACE financing, could stabilize the market and create sustainable pathways for borrowers?

Alan Todd

Managing Director & Head of CMBS Strategy

Bank of America

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.

Elizabeth Burton

Managing Director, Client Investment Strategist

Goldman Sachs Asset Management 

Elizabeth is a managing director and client investment strategist in the Client Solutions Group within Goldman Sachs Asset Management. In her role, she advises institutional clients on their investment strategy and portfolio objectives, working alongside global client advisors and product strategists across public and private markets. Elizabeth joined Goldman Sachs in 2022 as a managing director.

Prior to joining the firm, Elizabeth was chief investment officer at the Employees' Retirement System of the State of Hawaii. Before that, she served as a managing director in the Quantitative Strategies Group at the Maryland State Retirement Agency, where she was responsible for the agency's absolute return portfolio and oversaw risk management. Earlier in her career, Elizabeth held leadership positions as an investor, economist, and consultant in asset management as well as fixed income trading.

Elizabeth serves on the Board of Directors of the Chartered Alternative Investment Association (CAIA). In addition, she serves on the board of the Hill School.

Elizabeth earned a BA in Politics and French from Washington and Lee University in 2004 and an MBA in Finance and Econometrics and Statistics from the University of Chicago in 2011. She is a charterholder of CAIA.

 

Yorick Starr

Managing Director

Invesco Real Estate

Yorick Starr is Senior Director of Structured Investments with Invesco Real Estate ("IRE"). Based in New York, Yorick is primarily responsible for loan originations covering the East Coast region, with an emphasis on the primary and gateway markets. Loan products are focused on non-recourse, floating-rate, transitional senior and subordinate loans (including mezzanine loans and B-notes) secured by institutional quality real estate. Prior to Invesco, Yorick worked at Wells Fargo for 15 years in Real Estate Merchant Banking division, with experience ranging from opportunistically acquiring commercial real estate loans (single notes & pools) in the secondary market and providing leverage on commercial real estate loans acquisitions (performing loans through NPL pools) as well as leveraging direct originations by debt funds (A/B, senior/sub, note-on-note, & repo structures).

Yorick is a graduate of the University of San Diego (BBA, Finance, Accounting, IT, Computer Science).

Mansoor Ghori

Founder, CEO, and Board Member

Petros PACE Finance

Mansoor Ghori is a Founder, CEO, and Board Member of Petros PACE Finance. He leads Credit, Underwriting, and Business Development, and is the Chairman of the Investment Committee. He is integral to underwriting and structuring transactions, leveraging his 30+ years of experience in structured finance.
Prior to Petros, he was the President and CEO of Accent Capital and was responsible for the investment and administrative activities of the firm. He was also a Managing Director at Transamerica Technology Finance Corporation, which was subsequently acquired by GE Capital, and a Principal at Sternhill Partners, a $100 million venture capital firm based in Houston.
Prior to joining Sternhill, he was the Founder and SVP/Regional Manager of Imperial Bank’s Southwest Region of the Emerging Growth Industries Group (acquired by Comerica Bank). He was also a VP in the National Accounts Division of Silicon Valley Bank, focusing on investments in high- technology and biotech companies in Texas.
Mansoor also currently serves on the following boards: Petros, STG Design, PACENation, C-PACE Alliance, as well as the Andy Roddick Foundation.
In addition, he is also an Executive Committee Member of Petros, PACENation and C-PACE Alliance, and a finance committee member of PACENation and the Andy Roddick Foundation.
Mansoor is a graduate of Santa Clara University, Santa Clara, California and holds an MBA from Northeastern University in Boston.

12:40 PM - 01:40 PM

Lunch & Networking

Join fellow senior executives and market leaders for an intimate, networking-driven lunch. Share insights, forge valuable connections, and discuss how to leverage the morning's discussions to drive your portfolio strategy forward.

12:50 PM

Luncheon: Empowered Women, Greener Futures: ESG’s Role in Transforming Real Estate

This session showcases women transforming real estate through sustainable innovation, equity-driven strategies, and bold leadership. Dive into the minds of power players reshaping the industry, one decision at a time.

  • What emerging trends are defining the next phase of ESG in real estate? 
  • How are women leaders in ESG redefining the metrics of success in real estate?
  • What lessons can be learned from their journey, from breaking into the field to influencing global portfolios?

Nicole Wilson

Director and Global Real Estate Sustainability Lead

KKR

Nicole Wilson is a Director and the Global Sustainability Lead for KKR Real Estate. As part of the Real Estate team, she partners with internal and external stakeholders to drive sustainability initiatives across the firm’s Real Estate equity and credit portfolios.

 

Prior to joining KKR, she worked with the World Bank Group’s International Finance Corporation, where she acted as a subject matter expert on sustainability risks and opportunities related to transactions, advisory projects and existing portfolio. Additionally, Ms. Wilson worked with Canadian pension fund, PSP Investments, where she was responsible for integrating sustainability considerations into its private equity, credit, and real estate investments. Ms. Wilson has a BSc from McGill University and a MASC from Toronto Metropolitan University.

Jill Brosig

Chief Impact & Sustainability Officer

Harrison Street Real Estate Capital

Jill brings 14 years of industry experience to the Firm and is Chair of the Firm’s Environmental, Social and Governance (ESG) Committee. As Senior Managing Director and 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.

Jill began in the environmental arena as a resident student associate where she was tasked with designing a closed gas system for a particle detector in order to eliminate the emissions of over four tons of Freon into the atmosphere every year. Her first job post-college was as an associate scientist studying inertial confinement fusion. Fusion, while far from commercially viable, could potentially become a clean energy source. There she worked in the department of material science’s cryogenics division and used holographic interferometry to determine how heavy hydrogen targets reacted to extremely low temperatures. This research led to improved alternative energy experimental results.

While at Harrison Street, she worked on the Galvin Electricity Initiative, which was a campaign to transform the United States power system into one that was reliable, efficient and clean. She was involved in ensuring this effort, which later became the Performance Excellence in Electricity Renewal (PEER) program was able to scale via acquisition from the U.S. Green Building Council.

Before joining the industry, Jill held positions at Motorola, Argonne National Laboratory and KMS Fusion, Inc. Jill holds several patents and publications, and was awarded Best Presentation at the annual MOOT CORP® Global Business Plan competition. She is a certified Six Sigma Master Black Belt.

Jill has a BS in Physics from the University of Illinois, an MSEE from The Ohio State University, and an MBA from Northwestern University.

Katie Cappola

ESG Manager

Madison International Realty

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.

01:40 PM

Executive Exchanges

Join your peers for a series of lively and interactive discussions on the most pressing topics you are facing today. The small group format will enable you to make meaningful connections and come up with out-of-the-box solutions to shared challenges.

03:10 PM

Asset-Specific Discussions

Choose discussions based on the asset types you invest in and join roundtables with industry experts and peers. Focused, interactive, and tailored to deliver actionable insights that align with your investment goals.

Multifamily & Living Sectors 

From Distress to Dominance: Cracking the Multifamily Code

The U.S. multifamily market in 2025 presents a rare convergence of opportunity and challenge: $80 billion in distressed assets, a 4.6 million rental unit deficit, and unprecedented shifts in renter demand. This session unveils the playbook to dominate this complex landscape—identifying undervalued assets, leveraging advanced financing, and unlocking growth in a rapidly evolving market.

  • Distressed Asset Playbook:
    • With $14 billion in distressed multifamily assets available, where are the smartest investors finding high-value opportunities?
    • How can tools like mezzanine debt, joint ventures, and debt restructuring maximize upside while controlling risk?
  • Fast-Tracking Stabilization:
    • What tech and energy upgrades deliver immediate ROI for distressed properties?
    • Which value-add strategies work best to drive rental income and stabilize assets under cost pressures?
  • Hot Growth Markets:
    • Where are population migrations creating the next big multifamily demand surge?
    • How do you zero in on submarkets primed for explosive growth in 2025?
  • Demographic-Driven Strategy:
    • How are millennials and Boomers reshaping renter demand?
    • What investment strategies deliver for renters seeking tech-forward, flexible, and accessible spaces?

Philip McAndrews

Chief Strategy Officer Legacy Funds

RXR 

Philip J. McAndrews serves as Chief Strategy Officer of RXR Realty, LLC. Mr. McAndrews is recognized as a transformational C-suite leader with extensive managerial and investment experience refining enterprise-level global investment strategies and pivoting large organizations poised for growth and commercialization. With experience as both a Chief Investment Officer and a Chief Strategy officer, he offers a unique contextual perspective on the nuances of international capital deployment, investor relations, and growth-oriented enterprise management across private markets.

At RXR Mr. McAndrews works closely with the firm’s partners developing and executing corporate strategic initiatives and expanding the investment management offerings for both our stakeholders and clients. He is charged with evolving and curating an expansive, dynamic platform of investment products including Prop Tech, infrastructure, and real estate. These products are tailored to a diverse array of international and domestic investor/client needs in both the institutional and retail channels. He is the only non-partner member of the RXR Investment Committee.

Over the course of a 26-year career at TIAA (Nuveen) a $1.3 trillion financial service company headquartered in N.Y, Mr. McAndrews served in multiple leadership positions and guided the Global Real Estate platform through several meaningful pivot points and real estate cycles.  As Global Real Estate Chief Investment Officer, he charted a new course in the pursuit of AUM growth through both organic and inorganic means. During his tenure as CIO, the global real estate portfolio grew from $40 Billion to $90 billion. In 2013, this transformation was fully realized when TIAA’s Global Real Estate team acquired Henderson Global Investors’ $24 billion real estate business. All TIAA real estate functions reported to Mr. McAndrews as CIO-Global Real Estate. He was a member of TIAA’s Investment Committee with approval over real estate, alternatives, fixed income and private placement debt and equity.

Following TIAA/ Nuveen, Mr. McAndrews was responsible for the build out of Aegon Asset Management USA’s real estate equity team. Aegon N.V. is a $380 billion Dutch life insurer and pension fund headquartered in the Netherlands. He built new funds, brought on new clients, and positioned the legendary Transamerica Pyramid block for sale, its first change in ownership since 1969. He was a member of the Aegon Real Assets Investment Committee. He has a B.S. in Finance from the State University of New York and a J.D. from the University of Toledo, College of Law.

Frederick Cooper

Senior Vice President, Strategic Partnerships

Toll Brothers, Inc.

Toll Brothers (NYSE) is a $10 billion Fortune 500 company (ranked #394) founded in 1967. It's currently the 4th largest homebuilder in the U.S. by revenue and one of the largest land and community developers. Toll is also a major player in multifamily rental apartment development and is Investment Grade rated by all three major credit rating agencies.

Operating across 24 states and 60+ markets, Toll's projects range from urban and suburban for-sale homes to rentals, student housing, high-rises, condos, 55+ communities, single-family build-to-rent, and large master-planned developments. These projects span from $10 million to over $1 billion.

Fred Cooper is the Senior Vice President of Strategic Partnerships at Toll Brothers. His role involves expanding domestic and international equity and debt relationships, as well as fostering institutional partnerships to support the company's growth in areas such as homebuilding, rental apartments, land development, and build-to-rent communities. He also engages with lenders and investors to collaborate on repositioning and repurposing distressed property and loan portfolios.

Fred has been with Toll Brothers since 1993, initially founding and leading its Finance and Investor Relations departments. Over the years, his team has raised over $30 billion through various channels and advised on project structuring, joint ventures, mergers and acquisitions, and large property deals. He also played a key role in creating Toll Brothers City Living, which has developed over 6,000 urban high-rise condos, and Toll Brothers Apartment Living, with $4 billion in rental assets.

Fred holds a Bachelor’s degree from Brown University and a Master of Public Policy degree from Harvard’s Kennedy School, focusing on finance and international development. He serves on several boards, including the Harvard Alumni Real Estate Board and the University of Wisconsin’s Graaskamp Center Real Estate Advisory Board. He is also an active mentor, lecturer, and participant in graduate-level real estate programs and is involved with various organizations focused on affordable housing in emerging markets.

Aundre Oldacre

Co-Founder and Managing Partner

AoRa Development LLC

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.

Diego Hodara

Founder and CEO

Titanium Realty Group

DIEGO HODARA is the founder and CEO of Titanium Realty Group, a real estate investment and development company focused on mix-use and residential real estate assets in transit oriented emerging markets within the metropolitan area of New York. 

Titanium Realty Group has close to 2,000 under development or completed units in Jersey City NJ and Port Chester NY, representing a total development cost of more than 800 million dollars. The projects are mainly mix-used ground-up buildings ranging from 50 to 420 units per building. Titanium Realty Group holds the certification of a Minority Business Enterprise (MBE).

Prior to founding Titanium Realty Group, Diego was involved as a senior manager in several large-scale developments including ground-up projects not only in the NYC but also in Latin America such as Sheraton Hotel in Montevideo Uruguay, a 25-story building with post-tension concrete slab system.

Diego holds a Master’s degree in Real Estate Finance and Investment from NYU. He also holds a degree in Architecture and Urban Planning, and an MBA from the University of Uruguay. He is an Academy Board Member and Professor at ORT University in Uruguay for the Real Estate Certificate program. He is also a Board Member of Jersey City Apartment Owners Association and a Member at Urban Land Institute.

Alternatives – Life Sciences, Data Centers, and High-Growth Assets

Breaking Ground in Life Sciences: The Next Frontier for Investors

The life sciences sector is surging, driven by $1.5 billion in government funding, breakthrough technologies, and an insatiable demand for innovation-ready real estate. For top-tier investors and developers, the opportunities are immense—but success demands precision. This session reveals how to identify emerging science hubs, capitalize on adaptive reuse, and align with the evolving needs of a high-growth, high-stakes industry.

  • Government Commitment and Funding:
    • How can investors leverage the $1.5 billion in government funding for life sciences initiatives to maximize returns?
    • What public-private partnership models are proving most effective in this high-growth sector?
  • Designing for Innovation:
    • How can developers future-proof life sciences buildings to adapt to rapid advancements in technology and research?
    • What design elements are critical to building innovation-driven districts that attract top talent and tenants?
  • Site Selection and Market Trends:
    • Which emerging U.S. markets are becoming the next hotbeds for life sciences infrastructure, and what factors make them attractive?
    • How should investors weigh regional incentives, workforce availability, and market demand when selecting sites?
  • Adaptive Reuse for Life Sciences:
    • When does repurposing outdated commercial real estate for life sciences make more sense than ground-up development?
    • What are the key cost-benefit considerations in transforming office or industrial assets into cutting-edge labs or research facilities?

 

Chris Allman

Partner Capital Markets

CIM Group

Chris Allman is a Principal in the Capital Markets – Debt Group and serves on CIM’s Investment Committee. Prior to joining CIM in 2013, Mr. Allman was a Vice President at Thayer Lodging Group/Brookfield Hotels, Vice President in Capmark’s Hospitality Industry Division and an Investment Performance Analyst at Cambridge Associates. He earned Bachelor of Science degrees in Finance and Environmental Science from Virginia Tech and a Master of Business Administration degree from S.C. Johnson School of Business at Cornell University.

John Randall

Partner

PCCP LLC

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.

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.

Stephen Woodard

Managing Director

Westport Capital

Mr. Woodard is a Managing Director based in the Connecticut office.

Prior to joining the firm in 2011, Mr. Woodard was a Vice President in the Commercial Real Estate Department at CIT Group, Inc. Before joining CIT, Mr. Woodard was an Acquisitions Associate at Lexington Realty Trust.

Mr. Woodard holds a B.A. in Economics from Union College and an M.P.S. in Real Estate Finance and Investment from Cornell University.

Office 

Next-Gen Office Assets: How to Win in a Post-Pandemic Market

As the office market navigates through uncertainty, the smartest investors are reimagining spaces to meet the new demands of work. With suburban offices on the rise and adaptive reuse opportunities abounding, the landscape is ripe for reinvention. This sessionl covers the cutting-edge strategies that top investors are deploying to reposition assets and future-proof their portfolios.

  • The Return-to-Office Trend:
    • With 10.8 million square feet of positive net absorption in 2025, what sectors are driving the recovery?
    • How are workforce trends, such as hybrid models and employee preferences, shaping the demand for office spaces?
  • The Future of Class A Office Space:
    • Are tenants still willing to pay a premium for Class A office spaces in 2025, and what factors are influencing demand?
    • How can landlords and investors enhance Class A assets to attract high-value tenants in a competitive market?
  • Office Conversion Strategies:
    • Can adaptive reuse of office properties—such as office-to-residential conversions—provide viable solutions for underperforming assets?
    • What financial, regulatory, and design challenges must investors overcome to succeed in conversion projects?
  • The Rise of "Office as a Service":
    • How is the office-as-a-service model, including coworking and flexible office spaces, disrupting traditional leasing models?
    • What opportunities and risks do these new leasing structures present for investors in 2025?

Sean Bannon

Managing Director, MD and Head of US Real Estate

Zurich Alternative Asset Management, LLC

Sean Bannon, Managing Director, Head of US Real Estate, Zurich Alternative Asset Management, has approximately 30 years of experience founding, building, and leading commercial real estate investment businesses in the United States. Based in New York, he is currently responsible for Zurich’s US Real Estate investment businesses with roughly $3 billion in AUM across Zurich balance sheet and third-party investor fund portfolios. Mr. Bannon is a voting member of the Global Real Estate Investment Committee at Zurich, with over $15 billion of AUM, and is also a voting member of the Investment Committee of ZAAM, LLC, the firm’s global alternative investment unit dedicated to Hedge Fund, Private Equity and US Real Estate investment with aggregate alternative investment AUM exceeding $20 billion. Mr. Bannon joined Zurich in 1997 to help found the firm’s US direct real estate acquisition platform, focusing on high grade credit tenants, and acquired approximately $2.5 billion of assets through structured finance transactions. Mr. Bannon authored the current USRE investment strategy, and hired a team of professionals to execute a core, direct acquisition program across four product types and 20 US markets, which has now invested over $2.5 billion across select Zurich balance sheets. Most recently, he launched the firm’s first dedicated third-party core real estate investment fund for foreign investors, and is currently investing roughly $500 million of initial equity in core, direct opportunities throughout the US. Prior to joining Zurich, Mr. Bannon held various real estate positions with Lehman Brothers and Arthur Andersen. Mr. Bannon holds a BS in Accounting and Computer Information Systems from Fairfield University, and a Masters of Business Administration degree from Columbia Business School.

Alex Schaefer

Vice President - Transactions, Real Estate

AXA Investment Managers US Inc.

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.

Craig Deitelzweig

 CEO

Marx Realty & Improvement

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. 

Stephen Quazzo

Co-Founder and CEO

Pearlmark

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.

Hospitality

Hospitality Gold Rush: Strategies for Maximizing Returns in a Dynamic Market

The hospitality sector is undergoing a resurgence, with tourism expected to grow 12% year-over-year and key markets outperforming expectations. Investors face unique opportunities to capitalize on growth markets, premium asset trends, and innovative strategies for value creation. This session will dive into the evolving dynamics of the hospitality market, exploring how both existing portfolios and new deployments can drive returns while addressing emerging liquidity solutions.

  • The Rebound in Hospitality Performance:
    • With RevPAR projected to grow by 7.8% in New York and 9.4% in Miami, what can we learn from these high-performing markets?
    • How can data from thriving cities guide investment strategies for other regions?
  • Premium Assets and Evolving Demand:
    • High-end boutique and resort properties are generating up to 25% higher NOI—what’s fueling this trend, and is it sustainable?
    • How can investors identify and differentiate premium assets to remain competitive in a shifting market?
  • Balancing Existing Portfolios vs. New Investments:
    • What strategies are critical for managing stabilized portfolios while selectively deploying capital into emerging opportunities?
    • How can investors ensure long-term value creation while navigating market fluctuations?
  • Secondaries as a Strategic Tool:
    • How are secondaries transactions providing liquidity to LPs and enabling GPs to recapitalize legacy funds in the hospitality sector?
    • What role do secondaries play in accessing stabilized or high-performing hospitality assets without exposure to distressed opportunities?

Michael Negari

Executive Vice President - Family Office CRE

Sovereign Capital NYC

Mr. Negari is the Co-Founder and EVP of Sovereign Capital NYC. Michael’s duties include joint venture relationship-management, sourcing, due-diligence, underwriting, financing, capital markets and asset management. Prior to Sovereign, Michael spent 11 years in the mergers and acquisitions sector. While at Oberon Securities, he assisted corporate client acquisitions, divestiture and capital raising efforts as a generalist leading deal teams. Prior to this, Michael was a Senior Associate at Duff & Phelps’ Valuation Advisory Services group focused in M&A – clients served include D.E. Shaw & Co., Fortress Investment Group LLC, Apollo Management L.P., Conversus Capital L.P., Newcastle Investment Corp., The Carlyle Group, among others. While pursuing his MBA in Corporate Finance at Fordham University, Mr. Negari spent two years as an M&A Associate at David N. Deutsch & Co. (boutique investment bank). Prior to obtaining his MBA, Michael was a Financial Analyst within AIG’s Global Investment Group managing $11.9Bn (AUM).

Nitin Jagga

Managing Director

Goldman Sachs

Nitin has been at Goldman Sachs for 13 years and is currently a Managing Director in the Capital Markets group in the Commercial Real Estate Financing Group. His primary responsibilities include pricing new issue CMBS, risk management of the CRE book and distribution of CRE debt, in securities and sub-debt (b-note / mezz / pref etc) form. 

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.

Nicholas Baccile

Director

Canyon Partners Real Estate 

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).

03:50 PM

Chairperson Closing Remarks

Reflect on the day’s most valuable insights and set the stage for what comes next in your investment strategy.
04:00 PM

Cocktail Reception

Wind down the day in a relaxed setting. Join colleagues and industry leaders for a drink and one-on-one conversations.