SPEAKERS
Cia Buckley, Dune Capital
Steve Coyle, Global Realty Partners
Patricia F. Goldstein, Emigrant Realty Finance
Brian Harris, Ladder Capital
Jeffrey D. Horowitz, Bank of America Merrill Lynch
Douglas T. Linde, Boston Properties
Jonathan Litt, Land and Buildings
Gilbert G. Menna, Goodwin Procter LLP
Frederic S. Mishkin, Columbia Business School
Lynne B. Sagalyn, Columbia Business School
P. Sheridan “Schecky” Schechner, Barclays Capital
Douglas M. Weill, Hodes Weill & Associates
Keynote Speaker
Frederic S. Mishkin
Alfred Lerner Professor of Banking and Financial Institutions, Columbia Business School, Graduate School of Business
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association.
Professor Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of numerous books and articles and serves on multiple editorial boards. Professor Mishkin has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank, the Inter-American Development Bank and the International Monetary Fund, as well as to numerous central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an advisor to the Institute for Monetary and Economic Research at the Bank of Korea.
Since receiving his Ph.D. from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University and Columbia. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.
Panelists
Cia Buckley
Principal, Dune Capital
Cia Buckley is a Principal of Dune, a Partner of Dune Real Estate Partners and a member of the Dune Real Estate Investment Committee. Prior to joining Dune, Ms. Buckley was the President of the U.S. Fund business for JER Partners, an affiliate of the J.E. Robert Companies. During her tenure at JER, Ms. Buckley also served on the JER Global Investment Committee, European Investment Committee, and the JRT Investment Committee. Ms. Buckley joined JER in 1997 as Chief Financial Officer and in 1998 she also became head of asset management. From 1997 through 1999, Ms. Buckley led the acquisition and asset management of over $1.2 billion of real estate investments. From 2000 to her departure, Ms. Buckley had management responsibility for the acquisition and asset management of over $5 billion of U.S. investments, including real estate owned assets ("REO"), development transactions, complex portfolios, and real estate operating companies. Before joining JER, Ms. Buckley spent over nine years in the Investment Banking Group of Bankers Trust and in its Real Estate Investment Banking Group where she successfully managed acquisitions of over $2 billion in assets including distressed mortgage portfolios, operating company investments and structured debt investments.
Ms. Buckley received an M.B.A. in Finance from Columbia University in 1993 and a B.A. in Economics from Lafayette College in 1988. She is a member of the Urban Land Institute and the International Council of Shopping Centers.
Steve Coyle
Chief Investment Officer, Global Realty Partners
Steve joined Cohen & Steers in May 2008 as the Chief Investment Officer
for Global Realty Partners, a private multimanager real estate investment
business. As of September 30, 2009, Cohen & Steers managed $22.5 billion
on behalf of its clients and has offices in New York, Seattle, London,
Brussels and Hong Kong.
Steve was a Managing Director at Citigroup Property Investors (CPI)
from 2002 through 2008, where he was the founder and portfolio manager of
Citigroup Real Estate Partners, a series of globally focused multimanager
funds.
Prior to joining Citigroup, Mr. Coyle was the Senior Strategist at
Property & Portfolio Research. From 1990 to 1996, Steve conducted
strategic research and due diligence for office, land, and industrial
acquisitions for TCW/Westmark Realty Advisors (now CB/Richard Ellis
Investors). During the late 1980s, Mr. Coyle was also a Research Director
at Grubb & Ellis and worked for Park Square Associates, a New York – based
developer.
Steve has been published in many journals and newspapers, and he is a frequent speaker at industry-sponsored events. Mr. Coyle received a B.A. in Economics and German from Hampden-Sydney College, and an M.A. in Economic Policy from Boston University.
Patricia F. Goldstein
Head of Commercial Real Estate & Chief Credit Officer, Emigrant Realty Finance
Patricia Goldstein joined Milstein Brothers Realty Investors in 2001 to run a new venture in acquisitions and development. In 2004, Ms. Goldstein changed her responsibilities and was appointed Senior Executive Vice President and Chief Credit Officer for Emigrant Bank with the Real Estate Department reporting directly to her. Since that time she has developed a vibrant Real Estate group nationally lending on all types of commercial real estate. At Emigrant, Pat is also in charge of credit decisions for the real estate group as well as Emigrant’s other lending franchises. Emigrant Bank is one of the largest privately held banks in the United States and is chaired by Howard Milstein.
Ms. Goldstein previously served as Division Executive of Citicorp Global Real Estate, with responsibility for investment decisions on the bank’s new real estate opportunities, including CMBS worldwide and loan syndication, as well as workouts and OREO portfolios. She developed extensive experience with all asset classes for both investment and direct real estate owned properties. She also managed sales/leasebacks, emerging market financing transactions and real estate transactions with large global customers. She managed a global real estate organization with offices in the U.K., Canada, Spain, Italy, France, Germany, Poland and Japan. In all she spent 28 years at Citicorp both in the 1970’s and the 1990’s. For most of her career, Pat worked at Citicorp where she served as division executive of Citicorp Global Real Estate, with responsibility for the firm’s $23B real estate portfolio. Pat has also held leadership positions as EVP & COO of M.J. Raynes and SVP & Treasurer of Olympia & York.
Presently, Ms. Goldstein is a Governor of the Urban Land Institute where she was previously a Trustee. She is a member of the Real Estate Roundtable and a former Chairman of the Real Estate Advisory Committee of the New York Retirement Fund. Ms. Goldstein is also a member of NAREIT, Zell/Lurie Real Estate at Wharton, WX (New York Women Executives in Real Estate), NYU Women’s Initiative Steering Committee (Alumni Association Committee), Finance Committee of ULI, and New York University Real Estate Institute Advisory Board.
Brian Harris
Chief Executive Officer, Ladder Capital
Brian Harris is the Chief Executive Officer of Ladder Capital. Mr. Harris has 23 years of experience in the real estate and financial markets. While maintaining a strong credit and due diligence culture, Mr. Harris has been recognized as one of the most innovative commercial real estate lenders and investors in the industry.
Mr. Harris was a Managing Director and Head of Global Commercial Real Estate at UBS from 1999 to 2006; before leaving UBS to join Dillon Read Capital Management LLC, a wholly owned subsidiary of UBS, as a Managing Director and Senior Partner from early 2006 through May 2007. Mr. Harris managed UBS's proprietary commercial real estate activities globally and was a Member of the Board of Directors of UBS Investment Bank and, while at Dillon Read, managed a $500 million equity capital investment from UBS for Dillon Read's commercial real estate activities globally. From March 1996 through April 1999, Mr. Harris was the Head of Commercial Mortgage Trading at Credit Suisse, responsible for managing all proprietary commercial real estate investment and trading activities. Prior to that, Mr. Harris also worked in the real estate groups at Lehman Brothers, Salomon Brothers, Smith Barney and Daiwa Securities.
Mr. Harris holds a B.S. in Biology and a M.B.A. from The State University of New York at Albany.
Jeffrey D. Horowitz
Head of America Real Estate, Bank of America Merrill Lynch
Mr. Horowitz joined Bank of America Merrill Lynch in April 2005 and is
Head of Americas Real Estate. The Real Estate Group consists of
approximately 50 professionals in New York, Charlotte and San Francisco.
Mr. Horowitz covers a broad range of public and private companies and
works on mergers and acquisitions, public and private capital raising and
general corporate advisory transactions. In 2009, under the leadership of
Mr. Horowitz, the Bank of America Merrill Lynch Real Estate Investment
Banking team has raised approximately $16.7 billion in 50 equity and
equity linked transactions (resulting in a market share of approximately
75%), and raised $6.5 billion in 13 debt transactions for its real estate
clients.
Prior to joining Bank of America Merrill Lynch, Mr. Horowitz spent
approximately 12 years at Citigroup where he was a Managing Director
within Real Estate Investment Banking. Prior to joining Citigroup, Mr.
Horowitz spent three and a half years at Lazard Frères as an Associate in
Capital Markets and in Real Estate. Mr. Horowitz began his career as an
Analyst in the Real Estate Group at the First Boston Corporation.
Mr. Horowitz has a Bachelor of Science from Cornell University and an MBA
from Harvard Business School. Mr. Horowitz is a member of the Board of
Governor’s for NAREIT and a member of the Urban Land Institute.
Douglas T. Linde
President, Boston Properties
Mr. Douglas T. Linde serves as President of Boston Properties. Mr. Linde was named President in May of 2007. In this role, he oversees the day-to-day execution of the Company's business plan. He was promoted from Senior Vice President to Executive Vice President in January 2005. Prior to becoming Chief Financial Officer and Treasurer in 2000, he served as Senior Vice President for Finance and Capital Markets. In his previous role as CFO, Mr. Linde oversaw the finance, accounting, internal controls, investor relations, and acquisition departments and was also responsible for capital raising, financial strategy, and planning. He joined Boston Properties in January 1997 as Vice President of Acquisitions and New Business to help identify and execute acquisitions and to develop new business opportunities.
Prior to joining Boston Properties, Mr. Linde served from 1993 to 1997 as President of Capstone Investments, a Boston real estate investment company. From 1989 to 1993, he served as Project Manager and Assistant to the Chief Financial Officer of Wright Runstad and Company, a private real estate developer in Seattle, WA. He began his career in the real estate industry with Salomon Brothers' Real Estate Finance Group.
Mr. Linde received a BA from Wesleyan University in 1985 and an MBA from Harvard Business School in 1989. Mr. Linde is on the Board of Directors for the Beth Israel Deaconess Medical Center and serves on the Finance Committee. He also serves as a director of the Boston Municipal Research Bureau.
Jonathan Litt
Founder and CEO, Land and Buildings
Jonathan Litt has over 21 years of experience as a global real estate strategist and an investor in both public real estate securities and direct property. Mr. Litt launched Land & Buildings in the summer of 2008 to take advantage of the opportunities uncovered by the bursting of the global property bubble. Previously, Mr. Litt was Managing Director and Senior Global Real Estate Analyst at Citigroup where he was responsible for Global Property Investment Strategy, coordinating a 44 person team of research analysts located across 25 countries. Mr. Litt was recognized as a leading analyst since 1995, achieving prestigious Institutional Investor Magazine #1 ranking for 8 years, and top five ranking throughout the period. Mr. Litt also achieved top ranking from Greenwich Associates since 1995. During his career as a sell-side analyst, he was involved with many mergers and acquisitions, initial public offerings and other forms of financing. During this time, he developed close relationships with both public and private real estate professionals.
Before moving to the sell-side in 1994, Mr. Litt worked on the buy-side investing in public real estate securities and buying real property during his tenure at European Investors and Brook Hill Properties, where his career began in 1988.
Mr. Litt graduated from Columbia University in 1987 with a BA in Economics and NYU’s Stern School of Business in 1989 with an MBA in finance. Mr. Litt can often be seen on CNBC, or quoted in the Wall Street Journal and other industry publications. Mr. Litt is also the president of a not-for-profit, the Children with Dyslexia Scholarship Fund, which provides children with scholarships to secondary schools that specialize in dyslexia.
P. Sheridan “Schecky” Schechner
Managing Director, US Head of Real Estate Investment Banking, Barclays Capital
Schecky Schechner is a Managing Director and US Head of Real Estate Investment Banking at Barclays Capital. Based in New York, his group is responsible for the coverage of real estate clients for advisory services as well as all forms of real estate capital – whether debt or equity. Clients include the leading REITs, lodging and gaming companies, real estate opportunity funds and financial sponsors.
Mr. Schechner joined Barclays Capital in 2008 from Lehman Brothers where he held a similar position. Prior to that, he was a Managing Director and the National Head of Mortgage Origination for J.P. Morgan Chase.
Mr. Schechner started his career in 1984 at Goldman Sachs in the Real Estate department where he worked on a broad range of sales and financing assignments. He was stationed in London for two years where he had primary responsibility for the construction, leasing and financing of Goldman Sachs’ European Headquarters, Peterborough Court and Daniel House. Subsequently, he held various positions within Real Estate including as a founding member of both the Real Estate Principal Investment Area as well as the CMBS effort. When he left Goldman Sachs, he was Co-Head of the Real Estate Investment Banking business.
Mr. Schechner is currently a trustee of the Urban Land Institute and a member of the Real Estate Roundtable. He has held leadership positions in the Real Estate Lenders’ Association, the Mortgage Bankers Association and the National Realty Committee.
Mr. Schechner has a BA in Economics and Political Science/Molecular Biochemistry and Biophysics from Yale University (1980) and a JD/MBA from Harvard University (1984).
Douglas M. Weill
Founder & Managing Partner, Hodes Weill & Associates
Douglas M. Weill is a founder and Managing Partner of Hodes Weill & Associates. Previously, Mr. Weill was a Managing Director of Credit Suisse, based in New York. Mr. Weill joined Credit Suisse First Boston in November 2000 when the firm merged with Donaldson, Lufkin & Jenrette (DLJ).
Mr. Weill co-founded Credit Suisse's Real Estate Private Fund Group (REPFG) in 2000 at DLJ. From 2000 through February 2009, Mr. Weill co-led the business, with the responsibility for the strategic oversight and management of REPFG. Please see "Recent Experience" for more details.
In early 2008, Mr. Weill assumed the additional responsibility of co-managing Credit Suisse's Real Estate Investments Group (REIG), which includes the firm's real estate investment businesses within the Alternative Investment Group. As of March 2009, REIG had over 250 professionals and approximately $37 billion of assets under management in a range of core, opportunistic and securities (long and hedged) funds and separate accounts and a newly formed Customized Fund of Funds business.
Mr. Weill joined DLJ in 1997 from Paine Webber Incorporated where he was a Vice President in the Real Estate Investment Banking Group. Prior to this, he was with Kidder, Peabody & Co., which Paine Webber acquired in 1995. Prior to joining Kidder Peabody, Mr. Weill was with Kenneth Leventhal & Co., where he was a Senior Real Estate Consultant for five years. During this time, he specialized in portfolio valuations, refinancings, business and strategic planning, workouts and bankruptcies.
Mr. Weill received a BS from Cornell University. He serves on the Board of Directors of the Corporation for Supportive Housing.
Conference Co-Chairs
Lynne B. Sagalyn
Earle W. Kazis and Benjamin Schore Professor of Real Estate and
Director of the Paul Milstein Center for Real Estate and the MBA Real
Estate Program, Columbia Business School
Lynne B. Sagalyn, the Earle W. Kazis and Benjamin Schore Professor of Real
Estate, is Director of the Paul Milstein Center for Real Estate and the
MBA Real Estate Program at Columbia Business School, which were developed
under her leadership. She recently returned to Columbia from the
University of Pennsylvania where she was Professor of Real Estate
Development and Planning with appointments in both the School of Design
and the Wharton School.
An expert in real estate development and finance, Sagalyn has published
extensively on a broad range of issues in the fields of real estate and
planning and has developed numerous cases for graduate-level teaching of
real estate development, investment strategy, and finance. She is widely
known for her research on public/private partnerships and city building.
She is currently working on Public-Private Development, which ULI will
publish. Her most recent research includes Times Square Roulette: Remaking
the City Icon (MIT Press, 2001) and essays addressing the politics of
rebuilding the World Trade Center site, and the politics of the Kelo
backlash.
Sagalyn’s activities outside academia are diverse. She has been a
litigation expert, a consultant to both private firms and public agencies
and has served on the New York City [Board of Education] Chancellor’s
Commission on the Capital Plan. She regularly does executive teaching and
serves as a director of several real estate companies, including
Denver-based UDR (NYSE:UDR) and New York-based Capital Trust (NYSE: CT),
and the Goldman Family Enterprises Advisory Board in New York. She is a
member of the board of directors of the Regional Plan Association (RPA),
and an active member of ULI since the mid-1980s, serving in many
capacities on several different Councils and Panel Advisory Service
assignments as well as being a Fellow, Senior Fellow, and Trustee.
Professor Sagalyn received her Ph.D. from the Massachusetts Institute of
Technology in 1980, a Master of City and Regional Planning from Rutgers
University in 1971, and was graduated from Cornell University in 1969 with
distinction. Prior to her appointments at Columbia Business School and the
University of Pennsylvania, she was on the faculty of the Department of
Urban Studies and Planning at M.I.T.
Gilbert G. Menna
Partner, Goodwin Procter LLP
Gil Menna is a partner in the firm’s Business Law Department and serves as co-chair of its Real Estate, REITs & Real Estate Capital Markets Group. Mr. Menna participates in the M&A/Corporate Governance, Securities & Corporate Finance, Private Investment Funds and Tax Practices. He is a prior member of Goodwin Procter’s Management and Executive Committees.
Mr. Menna is nationally recognized for his representation of some of the nation’s leading publicly traded real estate operating companies in connection with their corporate finance, corporate governance, and merger and acquisition transactions. In addition to his extensive knowledge of this industry, Mr. Menna also has significant experience representing a variety of real estate investment managers in connection with their fund formation, portfolio acquisition, and merger and acquisitions transactions.
Since 2000, Mr. Menna has been involved on behalf of the firm’s clients in structuring and executing M&A transactions totaling more than $145 billion, and raising in excess of $30 billion in private and public equity and debt capital for the real estate industry.
Mr. Menna is a member of the board of directors of New York University’s Real Estate Institute’s REIT Center, a Board Associate member of NAREIT and a member of the Real Estate Roundtable. He is listed in The Best Lawyers in America and Chambers USA: America’s Leading Lawyers for Business. In addition, Mr. Menna has been cited frequently in the legal press and was previously selected for inclusion in The American Lawyer’s “Forty-five Under 45” – a list of young lawyers “who are making their mark today and will lead the profession tomorrow.”
Mr. Menna received his B.A from Syracuse University and his J.D. and M.L.T. from Georgetown University Law Center.