2011 spring chairman's forum
TRANSCRIPT
the ritz-carlton, boston commonBOSTON, MASSACHUSETTS
2011 SPRINGChairman’s Forum
Real EstateExecutive Council
REAL ESTATE EXECUTIVE COUNCIL2011 SPRING CHAIRMAN’S FORUM
APRIL 28 – 29, 2011
THE RITZ-CARLTON, BOSTON COMMON10 Avery Street
Boston, Massachusetts 02111(617) 574-7100
Thursday, April 28, 2011
2:00 – 5:00PM REEC BOARD MEETING (Board Members Only) The Ritz-Carlton (Avery Room) 10 Avery Street, Boston, MA 02111, (617) 574-7100
6:00 – 8:30PM REEC DINNER (REEC Members & Invited Speakers Only) Scampo Restaurant at The Liberty Hotel 215 Charles Street, Boston, MA 02114, (617) 536-2100
8:30 – 10:00PM COCKTAIL RECEPTION (REEC Members & Invited Guests) Alibi Bar & Lounge at The Liberty Hotel 215 Charles Street, Boston, MA 02114, (857) 241-1144
Friday, April 29, 2011
8:00 – 9:00AM BUFFET BREAKFAST The Ritz-Carlton (Hamilton Room)
9:00 – 9:15AM WELCOME & OPENING REMARKS The Ritz-Carlton (Washington Room) •QuintinE.PrimoIII,Chairman&ChiefExecutiveOfficer, CapriCapitalPartners,LLC •KirkA.Sykes,President,UrbanStrategyAmericaFund,LP
9:15 – 10:15AM DIALOGUE: MACROECONOMIC REAL ESTATE OVERVIEW Moderator:AlanR.Braxton,ManagingDirector,MacquarieCapitalAdvisors •WilliamC.Wheaton,Ph.D.,Professor,DepartmentofEconomics, MassachusettsInstituteofTechnology(MIT) •KevinD.White,CFA,RealEstateStrategist,PropertyandPortfolio Research,Inc.(PPR)
10:15 – 10:30AM BREAK
10:30 – 11:30AM HOUSING PANEL Moderator:RonHomer,President,AccessCapitalStrategies,RBCGlobalAsset Management(US)Inc. •KennethJ.Bacon,ExecutiveVicePresident–MultifamilyMortgageBusiness, FannieMae •PatrickLee,Principal,ExecutiveVicePresident,TrinityFinancial,Inc.
11:30AM–12:00PM BREAK
12:00 – 1:00PM REEC LUNCHEON The Ritz-Carlton (Hamilton Room) •Keynote Speaker:StevenGrossman,TreasurerandReceiverGeneral, CommonwealthofMassachusetts
1:00 – 1:15PM BREAK
1:15–2:30PM MEDICAL / EDUCATION PANEL Moderator:KathrynE.West,VicePresident–RealEstate&Facilities, PartnersHealthCareSystem,Inc. •PeterB.Calkins,ExecutiveVicePresident&ChiefOperatingOfficer, ForestCityBoston •KathySpiegelman,ChiefPlanner,HarvardUniversity
2:30 – 2:45PM BREAK
2:45 – 4:00PM INVESTOR PERSPECTIVE PANEL Moderator:GwendolynL.Butler,President&ChiefOperatingOfficer, CapriCapitalPartners,LLC •DeniseL.Nappier,StateTreasurer,StateofConnecticut •YvonneD.Nelson,ExecutiveDirector,RealEstateandEconomicallyTargeted Investments,NewYorkCityRetirementSystems •SeanP.Ruhmann,SeniorConsultant,PrivateMarkets,NewEnglandPension Consultants,LLC(NEPC) •CherieSantos-Wuest,ChiefExecutiveOfficer,CeladonVentureAdvisors
4:00PM CLOSING REMARKS •QuintinE.PrimoIII,Chairman&ChiefExecutiveOfficer,CapriCapital Partners,LLC •KirkA.Sykes,President,UrbanStrategyAmericaFund,LP
GUEST SPEAKERS AND PANELISTS BIOGRAPHIES
Kenneth J. BaconExecutive Vice President – Multifamily Mortgage BusinessFannie MaeKennethJ.BaconisFannieMae’sExecutiveVicePresident–MultifamilyMortgageBusiness.ReportingtothePresidentandChiefExecutiveOfficer,Mr.Baconisresponsibleforthecompany’smultifamilyguarantybookofbusiness,whichtotaled$189billionasofDecember31,2010.TheMultifamilyMortgageBusinesshasservedinthesecondarymortgagemarketasacontinuoussourceofliquidity,stabilityandaffordabilityintherentalhousingmarketforworkforcehousingthroughitsprofitableDelegatedUnderwritingPlatform(DUS).Mr.Bacon
beganservinginthisroleonaninterimbasisinDecember2004,andwasnamedbytheboardofdirectorstotheExecutiveVicePresident’spositioninJuly2005.From2000to2005,Mr.BaconwasFannieMae’sSeniorVicePresident—MultifamilyLending&Investment,responsibleforthemanagementandmarketingofFannieMae’sportfolioofmultifamilyloansandinvestments,includingtheDelegatedUnderwritingandServicingLenderfranchise.BeforejoiningFannieMaein1993,Mr.BaconwasDirectoroftheOfficeofSecuritizationoftheResolutionTrustCorporation.HealsospenteightyearsonWallStreetwithKidderPeabody&Co.andMorganStanley&Co.,servingasanofficerateachfirm.Mr.BaconisontheBoardofDirectorsforComcastCorporationandtheCorporationforSupportiveHousing.HeisamemberoftheExecutiveLeadershipCouncilandUrbanLandInstitute.Mr.BaconwasawardedtheOrderoftheBritishEmpireinrecognitionofhiscontributionstotheMarshallScholarsprogram.HehasaMasterofBusinessAdministrationfromtheHarvardBusinessSchool,aMasterofScienceininternationalrelationsfromtheLondonSchoolofEconomicswherehestudiedasaMarshallScholar,andaBachelorofArtsfromStanfordUniversity.
Gwendolyn L. ButlerPresident & Chief Operating OfficerCapri Capital Partners, LLCGwendolynL.ButleristhePresidentandChiefOperatingOfficerofCapriCapitalPartnersLLC,oneofthecountry’sleadinginstitutionalrealestateinvestmentmanagementfirms.Ms.ButleristhefirstAfricanAmericanfemalePresidentandCOOinthecommercialrealestateinvestmentmanagementindustryandatCapriCapitalPartnersoverseesallinvestment,financeandmarketingpersonnelofthefirm.Ms.ButlerjoinedCapriasChiefMarketingOfficerinMarch2007andhasledCapri’sinstitutionalcapitalraising.Inthatrole,shehasoverseen
morethan$500millioninnewcommitmentstoCaprifromleadingpublicpensionfundinvestors.Ms.Butlerhas33yearsofinstitutionallendingandinvestmentmanagementexperience,includingservingasExecutiveDirectorofUBSGlobalAssetManagementandManagingDirectorofBearStearns&Co.Ms.Butlerstartedhercareerin1977asacorporatefinancebankerattheContinentalIllinoisNationalBankandTrustCompanyandwasthefirstAfricanAmericanfemaleappointedVicePresidentinthebank’scommerciallendingdivision.Ms.ButlerisChairoftheNationalAssociationofSecuritiesProfessionals,theleadingnationalorganizationforminoritiesandwomeninthesecuritiesindustry,andpreviouslyheldthepositionofTreasureroftheorganization.Ms.ButlerwaselectedtotheBoardofDirectorsoftheNationalAssociationofSecuritiesProfessionalsin2003,andin2004servedasaCo-Chairoftheorganization’s15thAnnualPensionandFinancialServicesConference.Ms.ButlerisPresidentoftheBoardofDirectorsoftheYWCAMetropolitanChicago,andservesontheorganization’sExecutiveCommittee.Ms.ButlerisamemberoftheBoardofDirectorsoftheLosAngelesUrbanLeague.MsButlerreceivedaMasterofBusinessAdministrationinFinancefromtheJ.L.KelloggGraduateSchoolofBusinessofNorthwesternUniversityandaBachelorofArtsdegreeinEconomicsfromtheUniversityofMichigan.Ms.Butlerhasreceivednumerousawardsandacknowledgements,includingbeingnamed“OneoftheMostPowerfulWomeninBusiness”byBlackEnterprisemagazine,oneofthe“100ofAmerica’sBestandBrightestBlackWomeninCorporateAmerica”byEbonymagazine,andoneofthe“RemarkableWomenofColorPresidents”bytheChicagoChapteroftheNationalAssociationofSecuritiesProfessionals.
Peter B. CalkinsExecutive Vice President & Chief Operating OfficerForest City BostonPeterCalkinsisresponsiblefordirectingthedevelopmentofofficeandresearchbuildingsandmixed-usecampusdevelopmentsthroughoutNewEnglandandtheUnitedStates.Buildinguponabaseofestablishedinstitutionalrelationships,healsoplaysakeyroleinidentifyingandmanagingnewjointventurepartnershipswithacademic,medicalandmunicipalpartners.InseventeenyearswithForestCity,Mr.Calkinshasmanagedanddirectedthedevelopmentofmore
than2.5millionsquarefeetofoffice,research,andresidentialspace,includingalargepartofUniversityParkatMIT,ForestCity’saward-winningmixeduselifesciencecampusinCambridge,MA,aswellastheTranslationalResearchLaboratoriesdevelopedinpartnershipwiththeUniversityofPennsylvania.Morerecently,hehasoverseenplanninganddevelopmentfortheScience+TechnologyParkatJohnsHopkins,inBaltimore,MD,whichopenedthefirstoffiveplannedresearchbuildingsinApril2008,andtheIllinoisScience+TechnologyParkjustoutsideofChicago.PriortojoiningForestCityin1993,Mr.CalkinsspenttenyearsdevelopingandmanagingcommercialofficeandR&DpropertiesasaprincipalofCardinalProperties,Inc.andasgeneralmanagerofDobroth&Fryer,wherehemanagedtheredevelopmentofthehistoricSuffolkMillscomplexinLowell,MAintotheWannalancitOfficeandTechnologyCenter.Mr.CalkinsholdsaBachelorofArtsfromWashingtonUniversityatSaintLouisandaMasterofArchitecturefromtheHarvardUniversityGraduateSchoolofDesign.HeisanactivememberofULI,NAIOPandAURP,theAssociationofUniversityResearchParks.
Steven GrossmanTreasurer and Receiver GeneralCommonwealth of MassachusettsSteveGrossmanbringstotheofficeofTreasurerandReceiverGeneralafamilyheritageofpublicservice,alifetimededicatedtohelpingothers,andyearsofexperienceasahard-workingbusinessmanwithasenseofresponsibilityforthewell-beingofhiscolleaguesandhiscommunity.HeiscommittedtousingthefullpotentialoftheTreasurer’sofficetoprotectthepublic’smoney,helpcreatejobs,boostsmallbusinesses,andbringnewstandardsoftransparencyanddisclosuretostategovernment.Throughouthiscareer,Mr.Grossmanhashadanunshakeable
commitmenttorecruiting,hiring,andretainingthemostqualifiedpeople,basedonmerit,andthatprinciplewillguidehisnewadministration.Hehasspentthelast35yearscreatingjobs,managingmoney,dealingwithcrises,andfindingcommonsensesolutionstoproblemsasCEOofGrossmanMarketingGroupinSomerville,a100-year-old,fourth-generationfamilybusiness.Hegrewthecompany’srevenueseightfold,enteringnewmarketsandrepositioningthecompanytomeetthechallengesofanevolvingeconomy.Mr.Grossmanknowswhatitisliketomeetapayrollandtokeepabusinessgoingintoughtimes,andhebringsthatexpertiseandcommitmenttopublicoffice.Heisaleadingfigureinnumerouscharitableorganizations.Mr.GrossmanservesasaTrusteeofProjectBread,anAdvisoryBoardmemberoftheWomen’sLunchPlace,andChairstheAdvisoryBoardofCambridgeCollege.HewasafoundingBoardmemberofMassachusettsInstituteforaNewCommonwealth(MassINC),aformercampaignchairofCombinedJewishPhilanthropies,andafoundingboardmemberoftheLennyZakimFund.AschairmanofboththeMassachusettsandnationalDemocraticparties,Mr.Grossmanestablishedatrackrecordasareformerandbuilder–workingaggressivelytoimplementeffectivemanagementandfinancialcontrolswhileatthesametimeempoweringmoreactiviststoparticipateinpoliticallife.HewaselectedTreasurerin2010.Mr.GrossmanisagraduateofPrincetonUniversityandHarvardBusinessSchool.
Ron HomerPresident, Access Capital StrategiesRBC Global Asset Management (US) Inc.RonHomerisresponsibleforoversightoftheAccessCapitalStrategiesproductsofRBCGlobalAssetManagement(US)Inc(“RBCGAM”).InJuly2008,RBCGAM(formerlyVoyageurAssetManagement)acquiredAccessCapitalStrategiesLLCwhereheservedasthefirm’sChiefExecutiveOfficerandCo-Founder.Priortoco-foundingAccessCapital,Mr.HomerwasthePresidentandChiefExecutiveOfficeroftheBostonBankofCommerce,NewEngland’slargest
minority-ownedfinancialinstitution.Duringhistenurefrom1983through1996,thebankwasaleadinglenderinaffordablehousing,homemortgages,smallbusinessandcommunitydevelopmentinBoston.HealsoservedasaformerDirectorforSallieMaeandtheNynextelephonecompanies.Mr.Homerbeganhiscareerinthefinancialservicesindustryin1969.HereceivedaBachelorofArtsfromtheUniversityofNotreDameandaMasterofBusinessAdministrationfromtheUniversityofRochester.HealsoholdshonorarydegreesfromtheUniversityofMassachusetts-BostonandCambridgeCollege.Mr.HomerisapastChairmanoftheNationalBankersAssociationandaformermemberoftheFederalReserveBoardofGovernorsConsumerAdvisoryCouncil.HewasthefoundingChairoftheAmericanBankersAssociationCenterforCommunityDevelopment.HeistheViceChairandafoundingBoardmemberoftheInitiativeforaCompetitiveInnerCity.InNovember2009,Mr.Homerwasappointedtoserveasix-yeartermaschairoftheboardoftheMassachusettsHousingFinanceAgency.
Patrick LeeExecutive Vice PresidentTrinity Financial, Inc. PatrickLeeandhisbusinesspartnerfoundedTrinityFinancial,Inc.in1987.Thetwoofthemownandmanagethecompany,whichisa22-personrealestatedevelopmentcompanythatspecializesindevelopingcomplicatedrealestateprojectsinurbanlocations.Todate,TrinityFinancialhascompletedoriscurrentlydevelopingmorethat5,300unitsofhousingandmorethan367,000squarefeetofretailandcommercialspaceinMassachusetts,ConnecticutandRhodeIsland.Alltold,thisrepresentsmorethan$1.4billionworthofpropertydevelopment,acrossarangeofpropertydevelopmenttypes.TrinityFinancialhassuccessfullyconvertednumerousdeterioratedpublichousingprojectsintovibrantmixed-incomecommunities.Thecompany’slarge-scalepropertydevelopmentexperienceisvast,includingbuildinga200-unitpropertywithstudenthousingunitsthatareleasedtoanearbyuniversityandcondominiumunitsthatweresuccessfullysold.Thecompanyhasundertakentheacquisitionandredevelopmentofnumeroushigh-riseproperties,rangingfrom13to29storiestall,hasoverseentheimplosionofobsoletehigh-risebuildings,hasredevelopedmajorhistoricproperties,includinga51-acrecampusontheNationalRegisterofHistoricPlaces,andhasexperiencedevelopingmajorfor-saleandrentalpropertiesatairrightssitesorontopofmajorsubwaystations.Priortoco-foundingTrinityFinancial,Mr.LeeservedasaSpecialAssistanttotheSecretaryofAdministrationandFinancefortheCommonwealthofMassachusettsfrom1984to1987andholdsaBachelor’sdegreefromHarvardUniversityandisaMassachusettsInstituteofTechnology-trainedcityplanner.
Denise L. NappierState TreasurerState of ConnecticutDeniseLynnNappier,the82ndTreasureroftheStateofConnecticut,isthefirstAfrican-AmericanwomanelectedtoserveasaStateTreasurerintheUnitedStatesandthefirstAfrican-AmericanwomanelectedtoastatewideofficeinConnecticut.Electedin1998andre-electedin2002,2006and2010,TreasurerNappieristheonlywomanevertobeelectedTreasurerinConnecticuthistory.AsConnecticut’schiefelectedfinancialofficer,TreasurerNappier
overseesapproximately$50billioninstatefunds,includingthe$24.5billionConnecticutRetirementPlansandTrustFunds(CRPTF),andthestate’s$19billiondebtmanagementprogram.Astrongadvocateforexpandingeconomicopportunity,TreasurerNappierwasthearchitectofthecoalitionofhousing,business,communityandmunicipalleaderswhoworkedwithlegislatorsin2005toestablisha$100millionHousingTrustFundforGrowthandOpportunity,aimedatincreasingaffordablehousingforworkingfamiliesinConnecticut.Shealsoestablishedthe$800millionConnecticutHorizonFundinvestmentprogramaimedatincreasingopportunitiesforwomen-andminority-owned,state-basedandemergingfirmsinthefinancialservicesindustry,andhasmorethandoubledthenumberofminority-ownedandwomen-ownedinvestmentbanking,bondcounselandfinancialadvisoryfirmswithwhichtheofficedoesbusiness.Widelyrespectedbyherpeers,TreasurerNappierservedfiveyearsasTreasurerof
theNationalAssociationofStateTreasurers,andisaboardmemberoftheCTChapteroftheNationalAssociationofCorporateDirectors(thefirstpublicfundinvestortoserveinthatcapacity).Amongnumerousawardsandrecognitions,shereceivedtheGoodHousekeepingAwardforWomeninGovernment,wasnamedoneofthenation’s“100MostInfluentialPeopleinFinance”byTreasury&RiskMagazine,andwascitedasoneofthe“50MostPowerfulBlackWomeninBusiness”byBlackEnterprisemagazine.
Yvonne D. NelsonExecutive Director, Real Estate and Economically Targeted InvestmentsNew York City Retirement SystemsYvonneNelsonistheHeadofRealEstateanddirectssuchinvestmentactivitiesonbehalfoftheNYCRetirementSystems.Sheisresponsibleforthedesign,implementationandoversightofthisinvestmentprogram.Theallocationtorealestateaverages5.4%amongtheSystemsandrepresentsapotentialcapitalizationapproaching$6billion.Ms.NelsonjoinedtheOfficeoftheNYCComptrollerin2005.PriortotheComptroller’sOffice,Ms.NelsonworkedwiththeNYSCommonRetirementFundasaRealEstateInvestmentOfficerforthirteenyears.Sheholdsa
BachelorofArtsfromNewYorkUniversityandaMasterofBusinessAdministrationfromRutgersUniversity.
Sean P. RuhmannSenior Consultant, Private MarketsNew England Pension Consultants, LLC (NEPC)SeanRuhmannjoinedNEPCin2010bringingsixyearsofinvestmentexperiencetothefirm.HeisinvolvedinNEPC’sprivatemarketsresearchandduediligenceactivities,inadditiontoprovidingconsultingservicesforthenon-traditionalassetclassesofvariouspublic,corporate,Taft-Hartleyandendowment/foundationclients.Mr.RuhmannjoinsNEPCfromGoldman,Sachs&Co.wherehewasaVicePresidentintheInvestmentBankingDivision.WhileatGoldman,Sachs&Co.,headvisedclientsonmergers,acquisitions,divestitures,restructurings,bankruptcyprocesses,debtcapitalraisesandpublicandprivateequitycapitalraises.Hewasalsoresponsiblefortheexecution,duediligenceandsourcingoftransactions.PriortojoiningGoldman,Sachs&Co.,Mr.RuhmannwasanAssociateatBancofAmericaSecuritiesintheRealEstateandLodgingInvestmentBankingGroup.AtBancofAmericaSecurities,heconductedin-depthfinancialanalysisofcompaniesandbuiltoperatingandvaluationmodels.Mr.Ruhmann’spreviousexperiencealsoincludesworkingforIBMCorp.asaConsultantintheirStrategicChangeGroupandforRaytheonCompanyasaMedicalEngineerintheirAirMissileDefenseDepartment.HeholdsseveraldegreesincludingaBachelorofScienceinBiomedicalEngineeringfromTrinityCollege,aMasterofScienceinMechanicalEngineeringfromTexasA&MUniversity,andaMasterofBusinessAdministrationfromTuckSchoolofBusinessatDartmouth.
Cherie Santos-WuestChief Executive OfficerCeladon Venture AdvisorsCherieSantos-WuestisCEOofCeladonVentureAdvisors,arealestateinvestmentadvisoryfirmfocusingonadvisingclientson“triple-bottom-line”investmentsthatseektoachieverisk-adjustedmarket-ratereturns,promotesocialequityandencouragesustainableuseofnaturalresourcesacrossassetclasses,includingRealEstateandAlternativeEnergy.Ms.Santos-WuestpreviouslywasaDirectorinTIAA-CREF’sGlobalSocialandCommunityInvestmentsgroup,whereshewasresponsibleforinvestingforandmanagingtheCorporateRealEstateInvestment
Program’s$580+milliondebtandequityportfolioand$50millionGreenBuildingTechnologyProgramportfolio.Priortothis,Ms.Santos-WuestservedasaDirectorinTIAA’sGlobalPrivateMarketsgroup,responsibleforlargeloanoriginationforthecommercialmortgageteam,whereshemanagedandoriginatedover$1.2billionindebtinvestmentsinvariousterritorieswithintheUnitedStatesandCanada.Ms.Santos-WuesthasalsoworkedwithinTIAA’sCMBSandAcquisitionsgroups.InconnectionwithherinvestmentsworkatTIAA-CREF,Ms.Santos-WuestservedonseveraladvisorycommitteesofRealEstatefundsandventurecapitalcompaniesinwhichTIAAisinvested.ShewasViceChairmanontheBoardofDirectorsforImpactCommunityCapital,afor-profitcorporationthatstructuresandmanagesinsurancecompanyinvestmentsfinancingaffordablehousing,communityfacilities,economicdevelopment,andothersociallyresponsiveinvestmentsincommunitieswithinCaliforniaandnationally.Ms.Santos-WuestisalsoaFullMemberintheUrbanLandInstitute(ULI),anorganizationdedicatedtoproviding
leadershipintheresponsibleuseoflandandincreatingandsustainingthrivingcommunitiesworldwide,wheresheisafoundingmemberof,andservesasVice-ChairfortheRPIProductCouncil.SheservesontheBoardofAdvisersforWallStreetWithoutWalls,andisactiveontheInstituteforResponsiblePropertyInvestment,theWXNewYorkWomen’sExecutiveRealEstate,andhasspokenonnumerouspanelsandseminarsonurbanrevitalization,sustainabilityandpensionfundinvestmentsacrossthecountryandabroad.Ms.Santos-Wuesthasover20yearsofindustryexperienceincludingpositionsatnationalcorporaterealestatefirmsandinternationalarchitecturaldesignfirms.Ms.Santos-WuestholdsaBachelorofScienceinarchitecturefromtheUniversityofVirginia,aMasterofArchitecturefromYaleUniversityandaMasterofScienceinrealestatedevelopmentfromMIT.
Kathy SpiegelmanChief PlannerHarvard UniversityKathySpiegelmanistheChiefPlannerforHarvardUniversity’sAllstonInitiative.HerresponsibilitiesincludeoverseeingthecomplexandongoingphysicalplanningnecessarytolaythefoundationforthedevelopmentofHarvard’slandholdingsinAllston.Ms.Spiegelman’spreviouspositionsatHarvardincludedheadofHarvardPlanning+AllstonInititative,AssociateVicePresidentforPlanningandRealEstate(HPRE)andDirectorofPlanning.Underherleadership,theintesnsiveAllstonplanningprocesswaslaunched.Ms.Spiegelmanisan
experiencedplannerandnegotiatorworkingonprojectandareaplanningacrossthecampusaswellastown/gownrelationsincludingthenegotiationofPILOTagreements.Earlierinhercareer,sheservedtheCityofCambridgeasAssistantCityManagerinchargeofcommunitydevelopment.Whileinthepublicsector,Ms.Spiegelmangainedinvaluableexpertiseinlanduseplanning,regulatorychangesandenforcement,urbandesignplanning,sitereuseandpoliticalconsensusbuilding.Theworkincludedtheredevelopmentofunderutilizedindustrialareasinthecity,andreuseofaformerpublicschoolsiteforthedevelopmentofsingleandtwofamilyhousesconsistentwiththepatternofdevelopmentinthesurroundingneighborhood.Ms.SpiegelmanreceivedherBachelorofArtswithhonorsfromBrownUniversityandherMasterofScienceinHistoricPreservationfromtheColumbiaUniversitySchoolofArchitectureandPlanning.SheteachesattheHarvardGraduateSchoolofDesignasaDesignCriticintheUrbanPlanningandDesignDepartment.Ms.Spiegelmanisafrequentpublicspeaker,participatesonvolunteerboardsandcommitteesforaffordablehousing,andhasparticipatedinthePowerLunchprogramofBostonPartnersforEducation,aprogramthatbringsbusinessandindustryprofessionalintotheclassroomtoempowerandenrichtheexperienceforstudents.
Kathryn E. WestVice President – Real Estate & FacilitiesPartners HealthCare System, Inc.KathrynWesthasbeenVicePresidentofRealEstateandFacilitiesatPartnersHealthCareSystemsince1998withresponsibilityforthestrategicmanagementofabroadportfolioofover16millionsquarefeetofownedandleasedproperty.Ms.Westoverseesthecoordinationandpermittingoflarge-scaledevelopmentprojects;planningandconstructionactivitiesvaluedatapproximately$300millionannually;andprofessionalrealestateservices,includingleasingandacquisitions.PriortojoiningPartnersHealthCareSystem,Ms.WestwasAssociateDean
forOperationsatHarvardMedicalSchoolfrom1992-1997,whereshewasresponsibleforthemanagementofallcampusrealestate,off-sitecommercialandresidentialproperties,andtheadministrativeservicesofthisresearchandteachinginstitution.From1989-1992,sheservedasDirectorofRealEstateDevelopmentattheMassachusettsBayTransportationAuthority.Ms.WestearnedherBachelorofArtsinGovernmentatSmithCollegeandhasaMasterofBusinessofAdministrationfromBostonUniversity.SheisontheBoardofDirectorsManagementCommitteeoftheNationalAssociationofIndustrialandOfficeProperties(NAIOP),isanactivememberofNewEnglandWomeninRealEstate,andservesontheBoardofDirectorsoftheBostonCenterfortheArtsaswellasontheBoardofTrusteesofLasellCollegeinNewton.
William C. Wheaton, Ph.D.Professor, Department of EconomicsMassachusetts Institute of Technology (MIT)BillWheatonisaprofessorattheMassachusettsInstituteofTechnology(MIT)intheDepartmentofEconomics,andwasoneofthefoundersaswellasformerDirectoroftheMITCenterforRealEstate.WithintheEconomicsprofession,Dr.Wheatonhelpedtodevelopthefieldof“urbaneconomics”,andhaswrittennumerousarticlesinscholarlyjournalsthrough¬outtheworld.HealsoauthoredUrbanEconomicsandRealEstateMarkets,thefirsttextbooktocombineurbaneconomictheorywithrealestatemarketapplications.Dr.Wheatonalsohasbeenactivein
applyingeconomicresearchtotherealestateindustryandwasthefirstEconomisttodevelopeconometricbasedforecastingofcommercialrealestatemarkets.TogetherwithRaymondTorto,hefoundedTortoWheatonResearch,morethan2decadesago.TodaywithCBREEconometricAdvisors,hecontinuestoprovidetherealestateindustrywithdataandinsight.Dr.WheatonreceivedaBachelorofArtsinEconomicsfromPrincetonUniversity,andaPh.D.fromtheUniversityofPennsylvania.Overtheyears,hehasassistedmanygovernmentsaswellastheprivatesector,consultingwiththeFederalReserveBank,theDepartmentofHousingandUrbanDevelopment,theWorldBankandFreddieMac.
Kevin D. White, CFAReal Estate StrategistProperty and Portfolio Research, Inc. (PPR)KevinWhiteisamemberofPPR’smacroresearchteam,specializingintheU.S.economyandcapitalmarkets.Inthiscapacity,hewritesandspeaksextensivelyabouteconomicandfinancialdevelopmentsandtheirimplicationsforcommercialrealestate.HealsoconsultswithPPRclients,includingfundmanagers,investmentbanks,pensionfunds,andREITs,helpingtodevisesuccessfulrealestateinvestmentstrategies.Mr.Whitehaspublishedpapersandbeenquotedinseveralleadingpublications,includingTheWallStreetJournal,BusinessWeek,andIPEReal
Estate.Hisexperienceextendstointernationaleconomiesandpropertymarkets,ashehasspentthreeyearsleadingPPR’sLondon-basedteamofEuropeanmarketanalystsand,morerecently,thefirm’sCanadianresearchpractice.PriortojoiningPPR,Mr.WhitewasanofficialwithCanada’sDepartmentofFinance,advisingseniorofficialsandministersonCanadiantaxpolicyandinternationaleconomicrelations.Whilethere,hetestifiedbeforeaSenatecommittee,representedthecountryonacommitteeoftheOECD,andwrotespeechesforseniorofficialsandtheMinisterofFinance.Mr.WhiteholdsaMasterofArtsinEconomicsfromtheUniversityofBritishColumbiaandaBachelorofArts(Honors)inEconomicsfromQueen’sUniversity.
REEC BOARD MEMBER BIOGRAPHIES
Amachie K. Ackah, Managing Partner of Argosy Real Estate, hasoversightresponsibilitiesforallinvestment,strategic,andoperationalactivitiesofthefirm.Heisalsoco-headoftheInvestmentCommittee.Mr.Ackahhasover15yearsofrealestateindustryexperienceasaprofessionalinbothrealestateinvestmentfundsanddevelopmentcompanies.HeistheFounderandManagingPartnerofArgosyRealEstate,whichhelaunchedin2007.ArgosyRealEstateisArgosyCapital’sfirstinstitutionalrealestateopportunityfund.Thefund’sinvestmentstrategyisfocusedoncreatingrealvalueattheassetlevelthroughredevelopment,developmentorrepositioning,resultinginhighmargins,lowcost-basesandmultipleexitstrategiesthroughoutthelifecycleofeachinvestment.Itprimarilyinvestsinjointventureswithlocaloperatingpartnersinhigh-barrier-to-entrymarketsthroughouttheUnitedStates.ArgosyRealEstateiscomprisedofassetswithestimatedpro-ratacostsofinvestmentsinexcessof$200million.PriortolaunchingArgosyRealEstate,Mr.AckahwasaPrincipalresponsibleforacquisitionsandassetmanagementatLubert-AdlerRealEstateLP,arealestateopportunityfundlocatedinPhiladelphia.HealsoservedasdirectorofacquisitionsanddevelopmentfortheBuccini/PollinGroupInc.,arealestateoperatingpartnerthatacquires,develops,andmanagescommercial,lodging,residential,andofficepropertiesintheMid-Atlantic.Mr.AckahwasalsoanAcquisitionsandAssetManagementSpecialistatThePraediumGroupLP(formerlyCreditSuisseFirstBoston’srealestateopportunityfund)andaFinancialAnalystatGoldman,Sachs&Co.Mr.AckahholdsaMasterofBusinessAdministrationwithdualmajorsinFinanceandRealEstatefromtheWhartonSchooloftheUniversityofPennsylvania,wherehewasaToigoFellowanddistinguishedasaMurphyFellowbythefacultyoftheZell-LurieRealEstateCenter.HealsoholdsaBachelorofArtsinClassicsfromWilliamsCollege.Mr.AckahisamemberoftheUrbanLandInstituteanditsNationalHotelDevelopmentCouncil.HeisalsoaResearchSponsoroftheZell-LurieCenteroftheWhartonSchooloftheUniversityofPennsylvaniaaswellasamemberofthePolicyAdvisoryBoardattheFisherCenterforRealEstate&UrbanEconomicsattheHaasSchoolofBusinessoftheUniversityofCaliforniaBerkeley.InadditiontoservingontheBoardofREEC,Mr.AckahisamemberofthePensionRealEstateAssociation(PREA)andservesonitsConferenceCommittee.Mr.AckahisalsoamemberoftheInternationalShoppingCentersCouncil(ICSC)andtheNationalApartmentAssociation.
Rod L. Bailey, Senior Managing Director of Colliers International, isresponsibleforstrategicdevelopmentandimplementationforsecuringandmaintainingglobalclientaccounts.Thesedutiesincludecross-sellinganddeliveryofmultiplerealestateservicinglinessuchastransactionandprojectmanagement,acquisitionanddispositionservices,advisoryservices,facilitiesandpropertymanagement,greenbuildingandenvironmentalinitiatives,capitalmarketsandfinancialservices,leaseadministration,supplychainmanagementandlogistics.ColliersInternationalhasover15,000professionalslocatedin480officesthroughout61countries.ItsrecentmergerwithFirstServiceRealEstateAdvisorscreatesthethirdlargestglobalrealestateservicesbrand.
Alan R. Braxton is Managing Director of Macquarie Capital Advisors, a real estate private equityandadvisorypractice.Formerly,Mr.BraxtonwasafoundingpartnerofPresidioPartnersLLC.Inaddition,viaitswholly-ownedsubsidiary,CompassEquityAdvisors,Mr.BraxtonhasservedasaManagingPartnerfortheinternationalrealestatefund-of-fundsplatformsince2006.
Moctesuma Esparza, Chief Executive Officer of Maya Cinemas North America, Inc., is an award-winningfilmmaker,producer,entrepreneurandactivist,reveredforhiscontributionstothemovieindustryandcommitmenttoLatinos.Mr.EsparzaestablishedMayaCinemas,achainofmodernmovietheatrecomplexes,andMayaEntertainment,aLatinoownedEntertainmentCompanytargetingU.S.Latinos.Someofhisproductioncreditsinclude:Selena,TheMilagroBeanfieldWar,Gettysburg,andWalkout(HBO).Mr.EsparzafoundedtheLosAngelesAcademyofArtsandEnterpriseCharterSchool,isCo-FounderofNALIP,Co-FounderandformerChairoftheNAA,andwasappointedbyU.S.SenateMajorityLeaderHarryReidtotheplanningcommissionoftheNationalMuseumoftheAmericanLatino.
Victor B. MacFarlane is Managing Principal, Chairman & Chief Executive Officer of MacFarlane Partners, whichhefoundedin1987toproviderealestateinvestmentmanagementservicestoinstitutionalinvestors.Underhisleadership,MacFarlanePartnerspioneeredtheurbaninvestmentconceptamonginstitutionalrealestatemanagersinthe1990sandtodayisoneoftheleadingrealestateinvestmentmanagementfirmsintheUnitedStates.Mr.MacFarlanehasmorethan30yearsofrealestateexperience,andhasworkedextensivelyinpropertydevelopment,acquisitions,assetmanagementandportfoliomanagementonbehalfofsomeoftheworld’slargestpensionplansandinstitutions.ApastrecipientoftheNationalInnerCityLeadershipAwardfromtheInitiativeforaCompetitiveInnerCityandtheTrailblazerAchievementAwardfromtheGlobalDiversitySummit,Mr.MacFarlaneservesontheBoardofDirectorsoftheRobertToigoFoundation,theInitiativeforaCompetitiveInnerCity,andDevelopersDiversifiedRealtyCorporation.HealsositsontheBoardofAdvisorsforUCLASchoolofLawandtheBoardFacilitiesCommitteeofStanfordHospital&Clinics.
Richmond S. McCoy is President & Chief Executive Officer of UrbanAmerica Advisors, LLC, thesuccessorcompanytoUrbanAmerica,LP,whichwasfoundedin1998asarealestateprivateequityfirmtobecomeoneofAmerica’spre-eminentvehiclesforfiscallyandsociallyprudentinvestmentininnercitycommercialrealestate.UrbanAmerica’sFundIandFundIIhaveraisedover$520millioninequityandhaveinvestedinover10millionsquarefeetofrealestateassetsvaluedinexcessof$2billion.Investorsincludemanyofthecountry’slargestpublicpensions,banksandinsurancecompanies.In2009,UrbanAmericajoinedforceswithBehringerHarvard,aDallasbasedcommercialrealestatefirmtoformUrbanAmericaAdvisors.UrbanAmericaAdvisorsrepresentsacombined$10billionofcommercialrealestateundermanagement.BolsteringUrbanAmerica’shistoricalcorecompetencies,UrbanAmericaAdvisorsspecializesinassetslocatedinurbancenters,aswellaspropertieslocatedintopmetroareasnationwidewithafocusofdeployingequityintorealestateassetstenantedbygovernment,medical,academicinstitutionsandsupermarket-anchoredretail.
Ronald K. McDonald is Managing Principal of RMC Development, LLC, afull-servicerealestatedevelopmentconsulting,financeandinvestmentcompanywithafocusonmajormixed-use,transit-orienteddevelopment(TOD)andbaseclosure(BRAC).RMCcraftssolutionsonbehalfofpublicandprivateclientsforlarge,complexrealestateprojectsthatoffereconomicandcommunitybenefit.RMCcurrentlyleadstheredevelopmentofthe(BRAC)projectDavidTaylorResearchCenter,Annapolis,Maryland.Plansareunderwayfora46-acrewaterfrontofficecampusacrossfromtheUnitedStatesNavalAcademycompletewithboatslips,restaurants,retailandaluxuryhotelwithpanoramicviewsovertheChesapeakeBay.RMCisaninvestmentadvisorandsourcescapitalforadiversemixofrealestateclients.Leveragingadeephistoryofindustryrelationships,RMCidentifies,qualifies,andrecommendssourcesofbothdebtandequitywhichbestmeettheproject’sassetprofileandtheowner’sobjectives.
Kenneth A. McIntyre Jr., Managing Director – Real Estate of MetLife,istheHeadofRealEstateStrategicInitiatives.HeisresponsiblefordevelopingstrategicplatformstoincreaseMetLife’sannualproductionofcommercialmortgagesandrealestateequities;toimproveportfoliomanagement;andtoincreasetheoperatingefficiencyoftheexistingrealestateinfrastructure.Additionally,Mr.McIntyreisresponsibleforfurtherintegratingthecapabilitiesoftherealestatedepartmentwiththoseoftherestoftheInvestmentsdepartmentandtheInsuranceinfrastructure(suchasproductdevelopmentanddistribution).MetLifehas$35billionofcommercialmortgagesand$10billionofequityrealestateinitsportfolio.
Aasia Mustakeem is a Partner at Smith, Gambrell & Russell (Atlanta), whichfocusesoncommercialrealestateandrealestatefinance.Ms.Mustakeemrepresentsdevelopers,purchasersandsellersinconnectionwiththeacquisition,dispositionanddevelopmentofoffice,hotel,retail,industrial,mixed-useandmedicalofficeprojects.Herexperienceincludesadvisinglendersandborrowersinsecuredloanandworkouttransactions;representingbothlandlordsandtenantsinnegotiatingcommercialleases;representingcompaniesthatacquireandoperatehealthcarefacilitiesandcompanies;representinginstitutionsnationwideintheownership,operationandfinanceofcorporate-ownedrealestateandrepresentingenergycompanies,particularlyinconnectionwithsustainabledevelopmentprojects.Shehascounseledcompaniesinvolvedinthepurchaseandsaleoftimberlands,andhasalsoadvisedcompaniesinconnectionwithprojectandinfrastructurefinance.Since2004,Ms.MustakeemhasbeenselectedasaGeorgiaSuperLawyerbyAtlantaMagazine,andhasbeenrecognizedasoneofGeorgiaTrend’sLegalElitesince2006.Sheisafrequentspeakeratcontinuinglegaleducationseminars,aswellasanauthorandapastChairpersonofthe2,000memberRealEstateSectionoftheGeorgiaBar.InadditiontotheBoardoftheREEC,Ms.MustakeemisamemberofseveralboardsincludingtheGradyMemorialHospitalCorporation,ZooAtlantaandtheGeorgiaBarFoundationofwhichsheisPresident-Elect.SheisamemberofLeadershipAtlanta,LeadershipCREWandisaFellowoftheAmericanCollegeofRealEstateLawyers.In2010,Ms.MustakeemreceivedtheCommitmenttoEqualityAwardthatwaspresentedbytheWomenintheProfessionsCommitteeoftheStateBarofGeorgia.ShealsoreceivedtheOutstandingWomanintheProfessionAchievementAwardfromtheAtlantaBarAssociation(2003)andtheTrailblazerAwardpresentedbyBLSAatGeorgiaStateUniversityCollegeofLaw(2009).Ms.Mustakeemwasrecentlyhonoredasarecipientofthe2011LawandJusticeAwardbyWomen Looking Ahead Magazine.
Quintin E. Primo III is Chairman & Chief Executive Officer of Capri Capital Partners, LLC, arealestateinvestmentmanagementfirmheadquarteredinChicagothatheco-foundedin1992.Thefirmhasapproximately$4billioninrealestateassetscurrentlyundermanagementandisanactiveinvestorinallmajorpropertysectorsandmarketsthroughouttheUnitedStates.Capriiscurrentlyexpandingoverseas,withmajorrealestatedevelopmentprojectsintheMiddleEastandsub-SaharanAfrica.Mr.Primohasover30yearsexperienceinrealestateinvestmentandcapitalmarkets.Withintherealestateindustry,heisamemberoftheUrbanLandInstitute,aBoardmemberofthePensionRealEstateAssociationandformerBoardmemberofRealEstateRoundtable,BoardChairmanofREEC,andaformerTrusteeofAMLIResidential,aNYSE-listedcompanytakenprivatebyMorganStanley.Mr.Primoisactiveincivicandcharitableorganizations.AppointedbyGovernorPatQuinn,heservesontheStateofIllinoisEconomicRecoveryCouncil.HeisamemberofTheEconomicClubofChicagoandaformermemberoftheFederalReserveBankofChicagoSeventhDistrictAdvisoryCouncil.HeservesasamemberoftheExecutiveCommitteeoftheChicagoCommunityTrust,asaTrusteeofthe(Episcopal)ChurchPensionGroup,andisformerTrusteeoftheUniversityofChicagoHospitalsandRaviniaFestival.HeiscurrentlyChairmanofthePrimoCenterforWomenandChildren,atransitionalshelterservingthehomeless,andChairmanoftheChicagoAlliancetoEndHomelessness,apositionappointedbyMayorRichardM.Daley.Mr.Primohasbeenfeaturedinnationalpublications,suchasTheWallStreetJournal,FortuneMagazine,TheNewYorkTimesandBlackEnterpriseMagazine,andhasmadefrequentguestappearanceson
networktelevisionandcablenewsandradioprograms,includingCNBC,CNN,MSNBCandNationalPublicRadio.Hehasreceivednumerousawardsandhasbeenhighlyrecognizedforhisprofessional,civicandphilanthropiccontributions.Mr.PrimoreceivedaMasterofBusinessAdministrationdegreefromHarvardUniversityGraduateSchoolofBusinessAdministrationandaBachelorofSciencedegreeinFinance,withhonorsandhighdistinction,fromIndianaUniversity.
James H. Simmons, III is Partner of AREA Property Partners, formerlyknownasApolloRealEstateAdvisorsandManagingDirectorofthe$485millionApolloDomesticEmergingMarkets(“ADEM”)Fund.Mr.SimmonshasbeencloselyassociatedwithAREA’spushtowardsinvestinginresidentialandcommercialassetslocatedinDomesticEmergingMarkets(“DEMs”),whicharetherevitalizingurbancoresofmajorgrowthcitiesintheU.S.includingNewYork,LosAngeles,NewarkandWashington,D.C.Todate,AREAhasacquiredover$2.3billionofassetsinDEMsandthroughtheADEMFundvehiclewillcontinuetofurtherpursuetransactionsinthesemarkets.Mr.SimmonswaspreviouslytheinterimPresident&ChiefExecutiveOfficeroftheUpperManhattanEmpowermentZoneDevelopmentCorporation(“TheEmpowermentZone”or“UMEZ”).Mr.SimmonsgraduatedwithaMasterofManagementdegreefromtheJ.L.KelloggGraduateSchoolofManagement,aMasterofSciencedegreeinEngineeringfromtheVirginiaPolytechnicInstituteandStateUniversity,andaBachelorofSciencedegreeinElectricalEngineeringandComputerSciencefromPrincetonUniversity.
Kirk A. Sykes, President of Urban Strategy America Fund, LP, istheheadofanurbaninvestment,developmentandredevelopmentfundforselectinstitutionalinvestors.TheFundisatrue“triplebottom-linefund”thatoffersinvestorsanopportunitytotransformurbanandeconomicdevelopmentareasintheirstates,regionsandcitieswhileachievinganattractivereturnontheirinvestmentbyprioritizingdiversityintheassettypesandlocationsinordertomaximizereturns.Mr.Sykesisresponsibleforthesupervisionofthepartnershipequityplacement,theidentificationofinvestmentsandtheday-to-daybusinessoperationsoftheUSAFund.Hecombineshisprofessionaltrainingandhands-onexperienceintheareasofdevelopment,designandconstructiontocreatecustomizedresponsestothecomplexissuesofurbanrealestatedevelopment.Hisapproachisgroundedinthebottom-linedrivenperspectivegainedduringhistenureasamemberofFederalReserveBankofBoston,FleetBankandBankBoston’sFirstCommunityBankAdvisoryBoardsandvariousotherfor-profitandnon-profitboardaffiliations.Hiscombinationofbusinessandcommunity-basedexperienceallowhimtobridgethecompetingconcernsthatsometimesblockurbanprojectsfrommovingforward.Hisspecialtyisthecreationofurbanmixed-usedevelopments.
Michael E. Tabb, Managing Principal of Red Rock Global, LLC, isresponsibleforsettingtheoverallstrategicdirectionforRedRockGlobal.Heservesastheprincipalrelationshipmanagerwiththecompany’sinvestors,strategicpartnersandclients.Heisresponsiblefordevelopingthecompany’sbusinessprocessesandfornewbusinessdevelopment.Additionally,Mr.Tabbprovidesdirectleadershipforthemajorfunctionalareasofcomplexdispositions,assetrepositioning,(re)developmentandrealestateadvisoryservices.RedRockGlobal,LLC(RRG)providescorporations,institutionalrealestateowners,governmentagenciesandotherrealestateowners,arangeofrealestateservices,fillingavoidinthecurrentrealestatemarketbycreatingaminority-led,full-service,commercialrealestatecompanyfocusedonunderservedcommunitiesinprimaryandsecondarymetropolitanmarketsandsuperiorqualitytransactionmanagementservices.RRGhasbuiltitsbusinessreputationonafoundationofprofessionalexcellence,integrityandqualityservice.ThisfoundationhasshapedtheCompany’scommitmenttovalue-addingrecommendationsandactions,andasinceredesiretounderstandandimprovecommunities.RRGisregardedbymanyindustryprofessionalsandclientsasabenchmarkofservice,valueandcommunityconscientiousness.
Alex AikensBoard TrusteeMassachusetts PRIM (Pension Reserves Investment Management)
Boye Akinola, AIAPresidentBoye Architecture, Inc.
Nathan Allison, Jr.Development DirectorPennsylvania Real Estate Investment Trust (PRIET)
Ferdinand AlvaroPartner In ChargeYoss, LLP
Victor D. AmooAssociateIsland Capital Group
Kenneth J. BaconExecutive Vice President – Multifamily Mortgage Business Fannie Mae
Gina Baker ChambersAssociateArtemis Real Estate Partners
Bernie Bazile
Jeffrey BeckhamVice PresidentJAMESTOWN
Jacqueline BradyManaging PrincipalCanopy Investment Advisors, LLC
Peter A. BraffmanDirectorCredit Suisse
Francena BrooksUndersecretary, Department of Housing & Community DevelopmentCommonwealth of Massachusetts
Dale A. BurnettInvestment ManagerAIG Real Estate
Peter B. CalkinsExecutive Vice President & Chief Operating OfficerForest City Boston
Joe A. CarrolVice President - DevelopmentLowe Enterprises
Evens CharlesChief Executive Officer & PresidentFrontier Realty Development and Hospitality Group
Richard M. CharltonChairman New England Pension Consultants, LLC (NEPC)
Anar ChudgarSenior AssociateCredit Suisse
Henry G. CisnerosExecutive ChairmanCity View
Jeffery DanielsManaging DirectorAIG Global Real Estate Investment Corporation
Kevin M. DavisManaging PrincipalFundCore Finance Group
Harry T. DelanyAssociate DirectorMarcus & Millichap
Paul B. EdwardsPartnerCapri Capital Partners, LLC
William EtheridgeDirectorLeased Operations
Richard FraserAsset ManagerGE Real Estate
Joseph C. French, Jr.National Director of RetailSperry Van Ness
REEC SPRING CHAIRMAN’S FORUMCONFIRMED ATTENDEES AS OF APRIL 22, 2011
GUESTS
Todd A. GomezSenior Vice PresidentBank of America Merrill Lynch
Keith GordonSenior Vice PresidentCenterline Capital Group
Renae GriffinPrincipalRG & Associates
Steven GrossmanTreasurer and Receiver GeneralCommonwealth of Massachusetts
Bernel E. HallSenior Transaction ManagerNew York City Housing Authority
Deborah L. HarmonChief Executive OfficerArtemis Real Estate Partners
Nolan D. HenryAssociate Portfolio ManagerUBS Realty Investors, LLC
Kerri D. HollowayVice President - Asset ManagementPublic Private Partners, Inc.
Ron HomerPresident, Access Capital StrategiesRBC Global Asset Management (US) Inc.
Andrew IngrahamPresident & Chief Executive OfficerNABHOOD
Tammy JonesPresidentBasis Investment Group, LLC
R. Lynn King-TolliverStrategic AdvisorUrbanAmerica Advisors, LLC
M. David LeePartnerStull and Lee, Architects
Jason LewisVice PresidentCapri Capital Partners, LLC
Carmen McGheeVice President, Investor Relations & Business DevelopmentMayfieldGentry Realty Advisors, LLC
Brenda McKenzieDirector of Economic DevelopmentBoston Redevelopment Authority
Pamela McKoinVice PresidentCornerstone Real Estate Advisors, LLC
Lianne A. MerchantManaging DirectorRiver Oak Investment Corporation
Joel MillerManaging PrincipalWall Street Capital Advisors, LLC
Terrence MurrayDirectorPrudential Real Estate Investors
Denise L. NappierState TreasurerState of Connecticut
Yvonne D. NelsonExecutive Director, Real Estate and Economically Targeted InvestmentsNew York City Retirement Systems
Onay PayneDirectorING Clarion Partners
R. Donahue PeeblesChairman & Chief Executive OfficerThe Peebles Corporation
Lyneir RichardsonChief Executive OfficerBrick City Development Corporation
Avery RobinsonVice PresidentCallan Associates Inc.
Sean P. RuhmannSenior Consultant, Private MarketsNew England Pension Consultants, LLC (NEPC)
Cherie Santos-WuestChief Executive OfficerCeladon Venture Advisors
Darryl S. SettlesPresidentWiSe Urban Development
Kathy SpiegelmanChief PlannerHarvard University
Marjorie TorresChief Executive OfficerGCA Real Estate Advisors
Leon I. WalkerManaging PrincipalUrban Medical Centers, LLC
Kathryn E. WestVice President – Real Estate & FacilitiesPartners HealthCare System, Inc.
William C. Wheaton, Ph.D.Professor, Department of EconomicsMassachusetts Institute of Technology (MIT)
Kevin D. White, CFAReal Estate StrategistProperty and Portfolio Research, Inc. (PPR)
John Wilhoit, Jr.Managing MemberWilhoit Investment Network, LLC
Dawanna WilliamsManaging PrincipalDabar Development Partners LLC
Cara WoodConsultantThe Townsend Group
GUESTS CONT’D.
Quintin E. Primo IIIChairman & Chief Executive OfficerCapri Capital Partners, LLC REEC Board Chairman
Kirk A. SykesPresidentUrban Strategy America Fund, LP REEC Board Vice Chairman
Alan R. BraxtonManaging DirectorMacquarie Capital Advisors
Victor B. MacFarlaneManaging Principal, Chairman & Chief Executive OfficerMacFarlane Partners
Richmond S. McCoyPresident & Chief Executive OfficerUrbanAmerica Advisors, LLC
Ronald K. McDonaldManaging PrincipalRMC Development, LLC
Kenneth A. McIntyre, Jr.Managing Director – Real EstateMetLife
Aasia MustakeemPartnerSmith Gambrell & Russell
James H. Simmons, IIIPartnerAREA Property Partners
Michael E. TabbManaging PrincipalRed Rock Global, LLC
REEC BOARD MEMBERS
REEC BOARD MEMBERS REEC MEMBERS
Gwendolyn L. ButlerPresident & Chief Operating OfficerCapri Capital Partners, LLC
Edmund DonaldsonSenior Vice PresidentHines
Khalif EdwardsSenior DirectorTIAA-CREF
Charles E. Frazier, Jr.Managing Principal, Student HousingGateway Investment Partners
Danita JohnsonInvestment ManagerFranklin Templeton Investments
Patrick LeeExecutive Vice PresidentTrinity Financial, Inc.
Denise J. LewisSenior PartnerHonigman Miller Schwartz and Cohn LLP
Jair K. LynchPresident & Chief Executive OfficerJAIR LYNCH Development Partners
Chauncey C. MayfieldPresident & Chief Executive OfficerMayfieldGentry Realty Advisors, LLC
Roland S. Merchant, Jr.DirectorEastdil Secured, LLC
Trevor L. MichaelManaging DirectorTIAA-CREF
Diego RecaldeManaging PrincipalGCA Real Estate Advisors
Edward S. ScottSenior Managing Director &Co-CIO, Fund ManagementUrbanAmerica Advisors, LLC
Fred D. Scott, IIIVice President, AcquisitionsStrategic Capital Partners, LLC
Amanda G. StrongDirector - Asset ManagementColony Realty Partners, LLC
Deepa S. TaylorAssistant Vice PresidentAEW Capital Management, LP
Rev. Dr. Richard L. TolliverPresident & Chief Executive OfficerSt. Edmund’s Redevelopment Corporation
Markus TriceManaging DirectorMacquarie Capital Advisors
Charles YoungExecutive Vice PresidentMesa Development, LLC
REEC STAFF
Oscar GrovesAssociate – Public AffairsCapri Capital Partners, LLC
L. Heather Mitchell Vice PresidentCapri Capital Partners, LLC
NOTES
NOTES
REAL ESTATE EXECUTIVE COUNCILInterestedinbecomingaREECmember,pleasecontact:
RealEstateExecutiveCouncil875N.MichiganAvenue,Suite3430
Chicago,Illinois60611(312) 573-5260www.reec.org
UPCOMING CHAIRMAN’S FORUM2011 FALL CHAIRMAN’S FORUM
SEPTEMBER 15 - 16, 2011
INTERCONTINENTAL NEW YORK TIMES SQUARENewYork,NewYork