Center for Real Estate Finance Research Second Annual Spring Symposium


       


    REGISTRATION IS NOW CLOSED. 
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    e will be accepting walk-ins.


    NYU Leonard N. Stern School of Business

    Center for Real Estate Finance Research (CREFR)

    Second Annual Spring Symposium


    Tuesday, April 30, 2013
    8:00 AM – 6:00 PM

    NYU Stern School of Business
    Henry Kaufman Management Center
    44 West 4th Street, Room 2-60
    New York, NY

    PROGRAM AGENDA

    8:00-8:45 AM: NETWORKING BREAKFAST & REGISTRATION (KMC, Room 1-100)

    8:45-9:00 AM: WELCOME REMARKS (KMC, Room 2-60)

    Edward Glickman, Clinical Professor of Finance and Executive Director of the CREFR, NYU Stern

    9:00-10:15 AM: REAL ESTATE AS CRITICAL INFRASTRUCTURE (KMC, Room 2-60)

    Moderator: Constantine Kontokosta, Deputy Director, Center for Urban Science + Progress (CUSP); Director, Center for the Sustainable Built Environment
    R. James Caverly, Director of the Infrastructure Partnerships Division, U.S. Department of Homeland Security (Ret.)
    Jeffrey S. Alpaugh, Global Real Estate Practice Leader, Marsh & McLennan Companies
    Peter Angelides, Senior Vice President and Principal, Econsult Solutions, Inc.
    Bud Griffis, Professor and Director, Center for Construction Management Technology, NYU-Poly

    10:15-10:45 AM: NETWORKING COFFEE BREAK (KMC, Outside Room 2-60)

    10:45-12:00 PM: IMPACT OF INTERNET ON RETAIL AND OFFICE REAL ESTATE (KMC, Room 2-60)

    Moderator: Edward Glickman, Clinical Professor of Finance and Executive Director of the CREFR, NYU Stern
    Ben Waber, Co-Founder, President, and CEO, Sociometric Solutions
    Dana Telsey, CEO and Chief Research Officer, Telsey Advisory Group LLC
    Michael Samuelian, Vice President, Investment, Related Companies

    12:15-1:30 PM: NETWORKING LUNCH (KMC, Room 1-100)

    1:30-2:45 PM: INTERNATIONAL DEVELOPMENT (KMC, Room 2-60)

    Moderator: Lawrence White, Professor of Economics, NYU Stern
    Michael Cochran, Senior Managing Director, Eastdil Secured
    Barry Blattman, Senior Managing Partner, Brookfield Asset Management
    Michael Levy, Managing Director, Morgan Stanley Real Estate
    Brian Kim, Managing Director, Real Estate, The Blackstone Group, L.P.

    2:45-3:15 PM: NETWORKING COFFEE BREAK (KMC, Outside Room 2-60)

    3:15-4:30 PM: SINGLE FAMILY HOMES AS AN ASSET CLASS (KMC, Room 2-60)

    Moderator: Stijn Van Nieuwerburgh, Professor of Finance and Director of the CREFR, NYU Stern
    Steven Hentschel, Managing Director and Head of Real Estate Investment Banking, Gleacher & Company
    Richard B. Saltzman, President, Colony Capital, LLC
    Laurie A. Hawkes, President and Member of the Board of Directors, American Residential Properties

    4:30-4:45 PM: SYMPOSIUM WRAP-UP & REAL ESTATE STUDENT AWARDS (KMC, Room 5-50)
    Stijn Van Nieuwerburgh, Professor of Finance and Director of the CREFR, NYU Stern

    4:45-6:00 PM: RECEPTION IN HONOR OF GRADUATING REAL ESTATE STUDENTS (KMC, Room 5-50)


    THANK YOU TO OUR MEMBERS FOR THEIR SUPPORT


    CREFR Chairman’s Circle

    Marc H. Bell, Barbican Capital, (SCPS '89)
    Elliott M. Bross, Constructora Planigrupo, (MBA '95)
    Jerry L. Cohen, Tishman Speyer Properties, (BS ’53, MBA ’59)
    Philip L. Milstein, Ogden CAP Properties, LLC, (MBA '74)
    Michael B. Nash, The Blackstone Group, Blackstone Real Estate Debt Strategies, (MBA ’89)
    Richmond Mayo-Smith, III, Indochina Capital, (MBA '86)
    Isaac Zion, SL Green Realty Corp., (MBA '96)
    Greystone & Co., Inc.


    CREFR Founders

    Morgan Stanley Real Estate
    Michael Odell, MPI, (MBA '02)
    South Street Securities, LLC


    CREFR Benefactors

    Ceyan D. Birney, Stone Mountain Properties, (BS 1992, SCPS '16)
    Thomas A. McKinley, (MBA '13)
    Julia K. Rushmore, HVS Global Hospitality Services, (MBA '06)
    Matthew J. Stern, Island Capital Group/C-III Capital Partners, (MBA '03)


    CREFR Investors

    Julia Hoagland, Brown Harris Stevens Residential Sales, LLC, (MBA '95)


    CREFR Fellows

    Brian J. LeBlanc, AllianceBernstein Real Estate, (BS '06)
    Allan B. Serviansky, Landstar Development Corporation, (MBA '07)
    Michael Gershman, Deutsche Bank (BS '05)


    CENTER LEADERSHIP

    Stijn Van Nieuwerburgh is the Director of the Center for Real Estate Finance Research, Professor of Finance and the Yamaichi Faculty Fellow at New York University Leonard N. Stern School of Business, which he joined in 2003. His research lies in the intersection of macroeconomics, asset pricing, and housing. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds. In this area, he has also worked on regional housing prices and on household's mortgage choice. Professor Van Nieuwerburgh has published articles in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Review of Economic Studies, and the Journal of Monetary Economics, among other journals. He is an Associate Editor at the Journal of Finance, Review of Financial Studies and at the Journal of Banking and Finance. He is a Faculty Research Associate at the National Bureau of Economic Research and at the Center for European Policy Research.

    Professor Van Nieuwerburgh earned his Ph.D. in Economics and Masters in Financial Mathematics at Stanford University and his Bachelor's degree in economics at the University of Ghent in Belgium.

    Edward Glickman is the Executive Director of the Center for Real Estate Finance Research and Clinical Professor of Finance at New York University Stern School of Business. He serves as President and C.O.O. of the Pennsylvania Real Estate Investment Trust (PREIT). He oversees all operating functions and is a member of its Board of Trustees. Professor Glickman has more than 20 years of experience in the real estate and financial services industry having been previously employed by The Rubin Organization, Presidential Realty Corporation and Sherson Lehman Brothers and Smith Barney. He is a member of the Real Estate Roundtable, a Fellow of the Royal Institute of Chartered Surveyors, a Certified Treasury Professional and a Registered Securities Principal.

    Professor Glickman is a 1978 graduate of the University of Pennsylvania where he earned a bachelor of science in Economics degree from the Wharton School and a bachelor of applied science degree in Bioengineering from the College of Engineering and Applied Science. In 1981, he earned a Master of Business Administration degree from the Harvard Graduate School of Business Administration


    ABOUT THE CENTER FOR REAL ESTATE FINANCE RESEARCH


    The Center for Real Estate Finance Research, established this past spring, aims to foster research in real estate finance, economics, and operations at NYU Stern, and to deepen the relationship between Stern and the real estate industry.

    The development of the Center has, since its inception in May of 2012, consistently generated extensive interest from industry leaders and policy makers of New York City real estate. Our Inaugural Conference featured a panel discussion on the prospects of commercial real estate. Key figures and NYU alumni Jerry L. Cohen (Tishman Speyer Properties), William L. Mack (AREA Property Partners), Philip L. Milstein (Ogden CAP Properties, LLC), and Larry A. Silverstein (Silverstein Properties, Inc.) provided first-hand insight into the future of Real Estate, while the leading academics of Real Estate Finance Research gave presentations on topics such as “Reforming the GSEs,” “Financial Stability of the FHA” and “Financial Sector Reform.” The CREFR also co-hosted the TCH-NYU Housing Finance Reform Roundtable on May 30th along with the NYU Pollack Center for Law and Business, The Clearing House, and Mayer Brown LLP. The theme of this conference was “The Challenge of Introducing Private Capital into the Housing Finance Marketplace.” It brought together leading academics, policy makers such as Michael A. Stegman, and practitioners to brainstorm about a world post-GSEs. The conferences are only the beginning of our important mission: to draw attention to a Research Center that unites one of New York’s leading academic institutions with one of its most prominent industries.

    For more information about CREFR or Center membership, visit http://sternalumni.nyu.edu/admin/www.stern.nyu.edu/crefr or contact Audrey Gardiner at 212-992-6840 or agardine@stern.nyu.edu.