Learn more - the Real Estate Executive Council

Transcription

Real Estate
Executive Council
Mandarin Oriental
Miami, Florida
2010 Fall
Chairman’s Forum
REAL ESTATE EXECUTIVE COUNCIL
2010 FALL CHAIRMAN’S FORUM
SEPTEMBER 23 – 24, 2010
MANDARIN ORIENTAL, MIAMI
500 Brickell Key Drive
Miami, Florida 33131
(305) 913-8288
Thursday, September 23, 2010
3:00 – 5:00PM
REEC BOARD MEETING (Board Members Only)
Mandarin Oriental, Miami (Boardroom)
500 Brickell Key, Miami, Florida, (305) 913-8288
6:00 – 8:00PM
REEC DINNER (REEC Members Only)
Scarpetta Restaurant (Oceanview Terrace) at Fontainebleau, Miami Beach
4441 Collins Avenue, Miami Beach, Florida, (305) 674-4660
8:00 – 10:00PM
COCKTAIL RECEPTION (REEC Members & Invited Guests)
Scarpetta Restaurant (Terrace) at Fontainebleau, Miami Beach
4441 Collins Avenue, Miami Beach, Florida, (305) 674-4660
Friday, September 24, 2010
8:00 – 9:00AM
BREAKFAST BUFFET
Mandarin Oriental, Miami (Ballroom Terrace)
9:00 – 9:15AM
REEC WELCOME & OPENING REMARKS
Mandarin Oriental, Miami (Ballroom: Salon 1)
• Quintin E. Primo III, Chairman & Chief Executive Officer,
Capri Capital Partners, LLC
9:15 – 9:30AM
WELCOME TO SOUTH FLORIDA
• Jack Lowell, Vice President, Flagler Real Estate Services, Inc. &
Chair Elect, The Beacon Council, Miami-Dade County’s Official Economic
Development Partnership
9:30 – 10:00AM
OPEN FORUM: Who’s Here? What Do You Do? What’s New?
• Moderator: Richmond S. McCoy, President & Chief Executive Officer,
UrbanAmerica Advisors, LLC
10:00 – 11:00AM
PANEL DISCUSSION: STATE OF AFFAIRS IN SOUTH FLORIDA
RESIDENTIAL, RETAIL & OFFICE MARKETS
Moderator: Kirk A. Sykes, President, Urban Strategy America Fund, LP
• Donna Abood, Chief Executive Officer, Colliers International South Florida
• Anthony Blanco, Co-Managing Partner, Plaza Advisors
• Maria A. Kong, Chief Executive Officer, Markon Realty & Management, Inc.
• Chauncey C. Mayfield, President & Chief Executive Officer, MayfieldGentry
Realty Advisors, LLC
11:00AM – NOON
FIRESIDE CHAT: HISTORIC INVESTMENT OPPORTUNITIES
IN THE HOSPITALITY INDUSTRY
Moderator: Thomas P. Kennedy, Chief Financial Officer & Chief Operating
Officer, UrbanAmerica Advisors, LLC
• Robert Finvarb, Owner, Robert Finvarb Companies, LLC
• Leslie D. Hale, Chief Financial Officer & Senior Vice President,
RLJ Development, LLC
• Andrew Ingraham, President & Chief Executive Officer, National Association
of Black Hotel Owners, Operators & Developers, Inc.
NOON – 1:00PM
LUNCHEON
1:00 – 1:15PM
BREAK
1:15 – 1:45PM
FIRESIDE CHAT: LATIN & SOUTH AMERICA INVESTMENT
OPPORTUNITIES
• Juan J. Gallardo III, Director, Corporate Solutions, Latin America,
Colliers International
• Brian K. Wong, REEC Chairman’s Fellow & Robert A. Toigo Foundation Fellow,
2011 MBA Candidate, Harvard Business School
1:45 – 3:00PM
PANEL DISCUSSION: RAISING INSTITUTIONAL CAPITAL –
DEBT & EQUITY
Moderators: Joseph J. Haslip, Former Assistant Comptroller for Pensions &
Former Trustee to the New York City Retirement Systems & Edward S. Scott, Esq.,
Senior Managing Director & Co-Chief Investment Officer, Fund Management,
• Larry E. Jennings, Jr., Senior Managing Director, ValStone Partners &
Board Trustee, Carnegie Mellon University & State Retirement and Pension
System of Maryland
• R. David Kelly, Chairman, Teacher Retirement System of Texas
• Kenneth A. McIntyre, Jr., Managing Director, MetLife
• Trevor L. Michael, Managing Director, TIAA-CREF
3:00PM
CLOSING REMARKS
• Richmond S. McCoy, President & Chief Executive Officer,
• Quintin E. Primo III, Chairman & Chief Executive Officer,
GUEST SPEAKERS AND PANELISTS BIOGRAPHIES
Donna Abood
Chief Executive Officer
Colliers International South Florida
Donna Abood is the CEO of Colliers International South Florida. She has served as principal of
her own commercial real estate firm since 1989, building a reputation as one of the most trusted
and highly-recognized names in South Florida real estate. With over 25 years of experience,
Ms. Abood has been responsible for the leasing and oversight of several million square feet of
office buildings throughout the region. She is responsible for overseeing all operations of the
firm, including production, profitability and client services of the leasing division. The firm
currently leases and manages more than 3.9 million square feet of commercial property in the Tri-County area. At
the Beacon Council, Ms. Abood serves on the Board of Directors and on the Executive Committee. She has also
chaired the Membership Committee and has chaired the “Local Business, Local Jobs” Task Force. The Task Force
is focused on assisting local businesses in overcoming obstacles they face, with the ultimate goal of increasing
Miami-Dade County’s employment base and increasing the local business capital investment in the region. Ms.
Abood is an Executive Board Member for the Florida State University Real Estate Institute. She also currently
serves on the Board of Directors for Miracle Mile/Actors’ Playhouse, a theatre for the performing arts that enriches
South Florida’s cultural vitality with the highest quality classic and contemporary live productions. Ms. Abood is a
customer-service driven, detail-oriented professional who always delivers a high level of service. She has mentored
many women in the commercial real estate industry, many of whom have gone on to be very successful in their
own right with other firms or have started their own firms. Some are still working with her today. In the past six
years, Ms. Abood was honored as an “Ultimate CEO” in Miami-Dade County, was awarded Business Woman of the
Year by the Coral Gables Chamber of Commerce and was named one of Real Estate Forum’s National Women of
Influence.
Anthony Blanco
Co-Managing Partner
Plaza Advisors
Mr. Blanco has over 15 years of experience in the shopping center industry and has specialized
in the disposition of shopping centers for over 10 years. Mr. Blanco has been involved in the
sale of nearly $1B of retail properties throughout the Southeastern United States on behalf
of institutions, developers and private investors. Mr. Blanco holds a Bachelor of Science in
Accounting degree and a Master of Science in Taxation degree from Florida International
University. Mr. Blanco is also a Certified Public Accountant in Florida, an active member of the International
Council of Shopping Centers (ICSC), and holds a Real Estate Salesperson License in Florida. Mr. Blanco lives in
Coral Gables with his wife and two daughters.
Robert Finvarb
Owner
Robert Finvarb Companies, LLC
Robert Finvarb is a graduate of Georgetown University Law Center and has been a member of
the Florida Bar since 1993. Following his graduation from law school, he became associated
with the law firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. in Miami. In
1998, Robert became General Counsel of Williams Island Associates, a leading developer of
luxury condominiums and hotels in South Florida. In 2000, Robert served as Vice President
and General Counsel of Terremark Worldwide, Inc., a publicly traded real estate and telecommunications company. In 2002, Robert formed Robert Finvarb Companies and led the development efforts for the 174-room Marriott
Courtyard Hotel in Dania Beach, Florida. In 2003, the Company developed the 123-room Residence Inn by
Marriott hotel in Chantilly (Dulles Airport South), Virginia and, in 2006, Robert spearheaded the development
efforts of the 135-room Residence Inn by Marriott hotel in Tallahassee, Florida. Recently, Robert Finvarb
Companies co-developed the 133-room Residence Inn by Marriott hotel in Melbourne, Florida which opened for
business in January 2008. In January 2009 the company opened the 208–room Residence Inn by Marriott – Desert
View at Mayo Clinic followed three months later by the opening of the 218-room Courtyard by Marriott hotel
in Washington, D.C. In September 2009, Robert Finvarb Companies acquired the former Doubletree Hotel in
Coconut Grove, Florida. This hotel underwent renovations and is now flagged as a Courtyard by Marriott hotel. In
November 2009, the company opened the 198-room Springhill Suites by Marriott in Miami, Florida. In addition to
its involvement with hotel development and asset management for its portfolio of eight hotels containing over 1400
rooms, the Company is also currently involved with the entitlement and development of approximately 20 acres of
land in the gaming corridor of Las Vegas, Nevada.
Juan J. Gallardo III
Director, Corporate Solutions, Latin America
Mr. Gallardo is a Corporate Solutions Director for Latin America and the Caribbean. Based
in Miami, Florida, he is responsible for new business development and client management,
coordinating commercial real estate services for multinational corporations in the region,
including strategic advisory services, portfolio management, consulting, valuation, transaction
management and financial real estate services. Mr. Gallardo has vast experience working with
clients such as Procter & Gamble, Ford, General Motors, AT&T, Disney, American Express,
Honeywell, Xerox, Home Depot, Wal-Mart and REGUS, among others. With over 23 years of experience as a real
estate professional, Mr. Gallardo has been involved in the development of the business line known as the Corporate
Solutions across Latin America and the Caribbean. Important transactions include: portfolio management for
Disney Imagineering across Latin America; disposition of facility in Peru for Kodak; Sale of 350 acres in Playa del
Carmen on behalf of GEO; lease of 350,000 sq. ft. of office space in Costa Rica on behalf of Procter & Gamble;
acquisition of 1,000 acres in Campeche on behalf of Nitrogeno de Cantarell; lease of 550,000 sq. ft. of warehouse
space on behalf of Procter & Gamble; acquisition of 35,000 sq. ft. of office space for American Express in Mexico
City; and tenant representation for Honeywell in Argentina, Chile and Brazil. Mr. Gallardo has participated as
a speaker in several International Real Estate Conferences in the Americas and Europe and published numerous
articles in international real estate magazines and web sites. Mr. Gallardo has travelled extensively on real estate
related businesses, including visits to France, Spain, Argentina, Brazil, Chile, Mexico, Venezuela, Columbia,
Peru, Panama, Puerto Rico, Costa Rica and over 20 cities in the US and Canada, having completed deals in most
of the Americas. Mr. Gallardo received a law degree and pursued post-graduate studies in the Legal Regime of
International Businesses at Escuela Libre de Derecho, the most prestigious Law School in Latin America. Leslie D. Hale
Chief Financial Officer & Senior Vice President
Leslie Hale is a seasoned real estate investment and finance executive, whose career spans
nearly 20 years and involves more than $20B in transactions. Ms. Hale has served as Chief
Financial Officer and Senior Vice President of Real Estate for RLJ Development, LLC
(RLJ), since 2007. RLJ is a privately-held real estate investment firm with nearly $2B of
institutional capital under management. Ms. Hale is responsible for all financial matters across
RLJ, including its two affiliated funds. As CFO, she is intricately involved in the company’s
investment decision-making, daily operations and long-term strategic planning. In addition
to her CFO responsibilities, Ms. Hale oversees the execution of all asset and corporate level transactions. She
joined RLJ in 2005, as its Director of Real Estate and Finance, with responsibility for obtaining financing for all
assets and managing the execution process for each financing and real estate transaction. Ms. Hale was promoted
to Vice-President in 2006 and her responsibilities were expanded to include all treasury functions. In this role, she
successfully created and oversaw the portfolio management arm of RLJ. Prior to her tenure at RLJ, she held several
positions within General Electric Capital Corp. (GE), including as a Vice President in the Mergers and Acquisitions
Group of GE Commercial Finance, and as an Associate Director in the GE Real Estate – Strategic Capital Group.
Before GE, Ms. Hale was an investment banker at Goldman, Sachs & Co., advising clients across industries on
mergers, acquisitions, and corporate finance matters. Prior to attending business school, Ms. Hale worked for GE
Real Estate in both the Large Transactions Group and the European Mergers & Acquisitions Group. Ms. Hale
earned a BBA degree with a concentration in Finance from Howard University, graduating summa cum laude. Ms.
Hale earned her MBA from Harvard Business School, where she was a Goldman Sachs and Robert F. Toigo Fellow.
Ms. Hale sits on the board of several charities.
Joseph J. Haslip
Former Assistant Comptroller for Pensions &
Former Trustee to the New York City Retirement Systems
Joseph J. Haslip formerly served as Assistant Comptroller for Pensions for the New York
City Comptroller, The Honorable William C. Thompson, Jr., and served as the Comptroller’s
designated trustee representative to four of the city’s five pension boards. The New York
City Retirement Systems is composed of five pension funds: The New York City Employees’
Retirement System; The Teachers Retirement System of the City of New York; The New York
City Police Pension Fund; The New York City Fire Department Pension Fund, as well as The New York City Board
of Education Retirement System. At their high point in market value, the system collectively stood at $114B. Mr.
Haslip also sat for the Comptroller on the $7B New York City Deferred Compensation Board. At the request of
Comptroller Thompson, Mr. Haslip was charged with working with the Bureau of Asset Management in developing
a strategy to increase the plan’s exposure to smaller/ minority and women investment managers. As a result of Mr.
Haslip’s efforts coupled with the Bureau and the Board of Trustees’, NYC increased its commitment from $1.5B to
close to $7B. In private equity alone, within the City’s $5B program, the trustees adopted a fund of fund program,
which committed $625M to emerging managers. This coupled with aggressive effort to commit to funds directly
lead to over $1.5B committed to smaller investment managers. In real estate, the systems approved a $250M
Fund of Fund Emerging Manager program. In addition, the plan engaged several minority and woman / emerging
mangers directly as well. In prior years, Mr. Haslip was asked to serve on The Dow Jones Wilshire National
Pension Task Force. He also served as Co-Chairperson of The Destination Africa Investor Conference. This event
held in Dakar, Senegal attracted representatives from 15 African nations, with the goal of showing leaders the value
of diversification within their pension of social security type schemes. Mr. Haslip is a recent inductee into The
National Association of Securities Professionals Hall of Fame. Prior to working with Comptroller Thompson, he
served as Chief of Staff and Director of Policy and Legislation to the then State Senator and current Governor of the
State of New York, the Honorable David A. Paterson. In his home city of New York, Mr. Haslip has been extremely
active in the area of community development serving as a board member of The Upper Manhattan Empowerment
Zone, and the Harlem Community Development Corporation. Since leaving the Comptroller’s office, he is working
as a consultant assisting asset management firms to build and strengthen the capabilities to be competitive in an
ever-changing asset management universe.
Andrew Ingraham
President & Chief Executive Officer
National Association of Black Hotel Owners, Operators & Developers, Inc.
Andrew “Andy” Ingraham serves as President/CEO of the National Association of Black Hotel
Owners, Operators & Developers, Inc. (NABHOOD), of which he was one of the founders
in 1999. NABHOOD was formed to increase the number of African-Americans developing,
managing, operating and owning hotels, increase vendor opportunities and executive level
positions for minorities, thereby creating wealth within the African-American community. A few of the conferences Mr. Ingraham has spoken or participated as a panelist were the
American Hotel & Motel Association, ALIS, Congressional Black Caucus, The Lodging
Conference, Hotel Investment Conference, National Coalition of Black Meeting Planners, Governor’s Conference of
Florida, Caribbean Ministers Conference and National Association of Black McDonald’s Owners Association. With
over 22 years in the tourism industry, Mr. Ingraham has developed expertise in marketing and public relations with
special emphasis on African-American and multicultural tourism. Because of his knowledge and expertise, he is a
constant source for articles and has been featured or quoted in the Wall Street Journal, New York Times, National
Public Radio, Hotel Business, Black Enterprise Magazine, Black Meetings & Tourism Magazine and a host of other
publications. Larry E. Jennings, Jr.
Senior Managing Director, ValStone Partners &
Board Trustee, Carnegie Mellon University & State Retirement
and Pension System of Maryland
Larry E. Jennings, Jr., Senior Managing Director and one of the founders of ValStone Partners,
was formerly a principal of Carnegie Morgan Partners (“CMP”), a financial advisory firm to
state and local governments. Prior to forming CMP in 1994, Mr. Jennings spent over seven
years as an investment banker at Legg Mason Wood Walker, Inc. During his tenure at Legg Mason, Mr. Jennings
rose to the level of Managing Director and sat on the committee that directed all municipal investment banking
activities of the firm. Mr. Jennings’ investment banking experience includes real estate workouts, restructuring
distressed municipal credits, sale/leaseback of public real estate assets, and negotiating energy contracts on behalf
of public and private entities. In prior years, Mr. Jennings also worked as a Senior Financial Analyst with Maryland
National Bank. Mr. Jennings received a BS in Mathematics and Economics and an MS in Industrial Administration
(MBA) from the Graduate School of Industrial Administration (now the Tepper School of Business) at Carnegie
Mellon University, where he concentrated in Finance and Strategy. Mr. Jennings is a member of the Board of
Trustees of Carnegie Mellon University and sits on the Investment and Library Committees, and has co-chaired
the Math Curriculum Advisory Board. Mr. Jennings is Chairman and a member of the Investment Committee of
Morgan State University Foundation; Public Advisor, Investment Committee member of the State Retirement and
Pension System of Maryland; former Chairman of the Boys Hope Girls Hope of Baltimore; current Chairman of the
National Foundation for Teaching Entrepreneurship of Baltimore; and a member of the Board of Directors of the
Profit Value Funds, a mutual fund.
R. David Kelly
Chairman
Teacher Retirement System of Texas
Mr. Kelly is an investment professional with more than 27 years experience in the real estate
and investment banking industries. His employment history includes Goldman Sachs, Citicorp
and The Trammell Crow Company. Mr. Kelly has worked on large capitalization mergers and
acquisitions, general corporate finance, and principal investments. He has extensive real estate
development and investment experience. For the past 15 years, he has been the development
and financial advisory partner of Carleton Residential Properties, one of the United States’ premier residential
real estate firms. During this time, the firm has built over 12,000 units of housing and its clients have received
six development contracts from the United States government totaling over $400M. Since 2007, Mr. Kelly has
served as a trustee of the Teacher Retirement System of Texas (TRS), with over 1.2 million members and over
$97B in assets, TRS is the 17th largest pension plan in the world. The plan is a global investor with a modified
endowment investment strategy. TRS makes investments in publicly traded securities, private equity, real estate,
hedge funds, infrastructure and commodities. Mr. Kelly has been Chairman of the system since November 2009. From 2001-2007, Mr. Kelly served as Chairman of the Texas Public Finance Authority (TPFA), one of the State of
Texas’ primary debt issuers. During his tenure, TPFA issued over $4B of securities through secured and unsecured
financings on behalf of the various agencies and departments of the state. Mr. Kelly is a graduate of Harvard
University (John Harvard Scholar, Economics) and completed a MBA at Stanford University Graduate School of
Business Administration.
Thomas P. Kennedy
Chief Financial Officer & Chief Operating Officer, UrbanAmerica Advisors, LLC
Thomas P. Kennedy is the CFO and COO of UrbanAmerica Advisors. In his previous CFO
and COO role at UrbanAmerica, he leveraged his 25 years of in-depth experience to manage
large diversified real estate portfolios with complicated ownership structures. As the principal
managing director for Equitable Real Estate Management, Inc. (and its successor Lend Lease),
the country’s largest pension advisor with more than $40B in assets under management, Mr.
Kennedy managed $5B in equities and $5B in mortgages. During his 21-year tenure there,
he was a member of both the Investment Committee and the Executive Committee utilizing
his expertise across all asset classes to advise the direction and activities of an equity portfolio consisting of hotels,
office, industrial, retail, land, and residential. After his time at Equitable, Mr. Kennedy managed the U.S. interests
of the Rubicon American Trust, a publicly traded REIT on the Australian Exchange with all investments located in
the United States, and directed acquisitions, portfolio management, asset management, and financial reporting. Mr.
Kennedy holds a Bachelor of Science degree from Manhattan College.
Maria A. Kong
Markon Realty & Management, Inc.
Maria Kong has been a dynamic and innovative force in the real estate industry for over 29
years and serves as a senior associate with Barrington Consultants, Inc. Although based in the
active South Florida marketplace, Ms. Kong serves an enviable client base located throughout
the country and internationally including entertainers, sports figures, politicians, corporate
leaders, investor groups and others seeking a knowledgeable professional. In 1991, she formed Markon Realty &
Management, Inc. that now, is a recognized company in the real estate industry with Ms. Kong being approved as a
Resolution Trust Broker as well as a Fannie Mae and Freddie Mac REO Broker. Prior to establishing the company,
she spent 10 years with InveRealty, Inc. serving as broker and subsequently, the company’s president of the one of
the largest real estate office in South Florida. Maria Kong recently relinquished the position of President/CEO of the
National Association of Real Estate Brokers (NAREB), the nation’s oldest minority trade organization. She is the
second female president in NAREB’s 62 year history, the first Floridian and person of Caribbean descent to hold this
position. She also served on the Asian Real Estate Association of America Advisory Board, the National Association
of Realtors Board of Directors, Chase Manhattan Mortgage Housing Advisory Board, the South Florida Board of
Realtists board of directors. Ms. Kong is President of the National Association of Real Estate Brokers Foundation,
Director of the South Florida Board of Realtists Foundation, and is currently President of Housing Foundation of
America. She has been featured in many U.S. and Caribbean newspapers and magazines including Black Enterprise,
the News and Sun-Sentinel, as well as Black Diaspora Magazine. She was inducted in Princeton Premier as one of
the top CEO’s in the Country. Born and raised in Jamaica, Ms. Kong earned a Bachelor of Arts and MBA degrees
from American Intercontinental University and a Doctorate Degree from Dartley University.
Jack Lowell
Vice President, Flagler Real Estate Services, Inc. & Chair Elect
The Beacon Council, Miami-Dade County’s Official Economic Development Partnership
Mr. Lowell joined Flagler Real Estate Services, Inc. 14 years ago. As Vice President, Mr.
Lowell currently handles leasing and sales of office buildings throughout Miami-Dade County. Currently he is directly responsible for leasing Met 2 Financial Center, a 47-story, 750 square
foot office tower scheduled for completion in the second quarter of 2010, Mellon Financial
Center, a 30-story, 522,000 square foot building on Brickell Avenue and the new Bacardi
Building, a 15-story, 275,000 square foot office building in Coral Gables. Mr. Lowell’s
remarkable real estate career spans nearly four decades. Prior to Flagler Real Estate Services, Mr. Lowell was the
owner and Chief Executive of Summa Properties, a commercial real estate brokerage, leasing and management
firm. From 1983 to 1991, as the partner in charge of Tishman Speyer Properties’ Miami office, Mr. Lowell was
responsible for the development of the Brickell Square project, Westside Corporate Center and the Federal Law
Enforcement Building, and leasing and management of Airport Corporate Center, the SunTrust Building, One
Brickell Square and Westland Executive Center. In the years preceding Tishman, Mr. Lowell worked as a Vice
President for CB Richard Ellis, supervising more than 30 brokers and support staff, and served as General Manager
of the Grove Isle development.
Chauncey C. Mayfield
MayfieldGentry Realty Advisors, LLC
As MayfieldGentry’s founder and creator, Mr. Mayfield is an innate entrepreneur, well-prepared
for the real estate investment arena from his previous entrepreneurial, public and private sector
experiences. His expertise in value-added real estate investment reflects nearly 30 years of
residential, office and industrial development, construction and management experience.
Under Mr. Mayfield’s visionary leadership, MayfieldGentry has achieved an outstanding track
record with public pension funds and plan sponsors, resulting in phenomenal growth of its portfolio of assets under
management in both urban and suburban markets. Mr. Mayfield brings to task his experience as former President
and CEO of ShoreBank Development, Detroit, an affiliate of ShoreBank Corporation of Chicago. As President, he
successfully competed in domestic and international expansion markets, attracted institutional capital, spearheaded
the establishment of a real estate development firm and created large-scale residential and commercial rehabilitation
and development, ultimately delivering a 44% return on investment. His distinguished career also includes having previously served as Deputy Director of Economic Development for the City of Boston’s Economic Development
and Industrial Corporation, where he directed management and development of the agency’s three industrial parks,
which included three million square feet of mixed-use, office and light manufacturing space and 200 acres of land. Mr. Mayfield also served as the Director of the Boston Industrial Development Financing Authority. As Director, he
was responsible for closings in excess of $1B in taxable and tax-exempt bond transactions. Mr. Mayfield also served
as Director of Real Estate Development for Davenport Associates, Inc., a Boston-based regional housing developer
of high-end single-family homes. Mr. Mayfield received his Bachelor of Science degree in Political Science, with
honors, from Tuskegee Institute, and Masters degree in Business Administration, with an emphasis on Real Estate
and Finance, from the Harvard University Graduate School of Business Administration. Trevor L. Michael
Managing Director
TIAA-CREF
Trevor Michael is Managing Director and Head of Real Estate Asset Management for the
TIAA-CREF organization and Teachers Advisors, Inc. Mr. Michael is responsible for the
overall strategy, performance, and day-to-day activities of the organization’s domestic
and international real estate investments. Since joining TIAA-CREF in 1988, Mr. Michael
has served in several capacities with diverse responsibilities, ranging from debt portfolio
management, to equity asset management and real estate acquisitions. Prior to joining TIAACREF, Mr. Michael practiced corporate and banking law in New York and Connecticut, respectively. Mr. Michael
holds a B.S. degree in Political Science from the University of Rochester and a J.D. degree from Quinnipiac School
of Law, 1985. He is currently a member of Black Real Estate Professionals Association.
Edward S. Scott, Esq.
Senior Managing Director & Co-Chief Investment Officer, Fund Management
Edward S. Scott is responsible for assisting in the development of new fund vehicles for public
and private companies at UrbanAmerica Advisors. In his previous role at UrbanAmerica,
Mr. Scott led the team responsible for fund investments in stable and development assets and
also has held the title of deputy general counsel. Mr. Scott has 20 years of experience shared
equally between the public and private sector, spanning leasing, acquisitions, development,
and construction management. Previously he served as deputy director of the Office of
Property Management for the District of Columbia, and was responsible for operating six
million square feet of leased and owned properties. He also served as assistant commissioner for acquisitions for
New York City, where he managed the leasing of 21 million square feet. While at UrbanAmerica he has worked
extensively in the following markets: Boston, Orlando, Washington D.C., Baltimore, Philadelphia, New York
Metropolitan area, and Oakland, where he led acquisition and development activities valued in excess of $2B across
many asset classes. Mr. Scott graduated with a Bachelor of Arts degree from John Jay College and a Juris Doctor
degree from Fordham University School of Law. Brian K. Wong
REEC Chairman’s Fellow & Robert A. Toigo Foundation Fellow
2011 MBA Candidate, Harvard Business School
Prior to business school, Brian Wong was an Associate in the North American Buyouts Group
at TPG Capital, where he evaluated investment opportunities across various sectors and
completed the leveraged buyout of Harrah’s Entertainment. Prior to TPG, Mr. Wong was an
Analyst in the Real Estate Investment Banking Group at Goldman Sachs. At Goldman Sachs,
Mr. Wong worked on a number of transactions across the real estate, gaming and lodging
subsectors including the acquisitions of Four Seasons Hotels and CarrAmerica Realty Group. He earned a BS in
Economics from the Wharton School at the University of Pennsylvania, where he received departmental honors.
REEC BOARD MEMBER BIOGRAPHIES
Amachie K. Ackah, Managing Partner, Argosy Real Estate Partners has oversight
responsibilities for all investment, strategic, and operational activities of the firm. He is also
co-head of the Investment Committee. Mr. Ackah has over 14 years of real estate industry
experience as a professional in both real estate investment funds and development companies. He was previously the Founder and Managing Partner of Cedar Hill Real Estate Partners where
he had similar responsibilities. Cedar Hill Real Estate Partners was a privately-held commercial
real estate investment management firm headquartered in New York, NY. The firm’s investment
strategy focused on creating real value at the asset level through redevelopment, development or
repositioning, resulting in high margins, low cost-bases and multiple exit strategies throughout
the lifecycle of each investment. It primarily invested in joint ventures with local operating
partners in high-barrier-to-entry markets throughout the United States. Cedar Hill Real
Estate Fund is comprised of assets with estimated pro-rata costs of investments in excess of
$200M. Prior to founding Cedar Hill, Mr. Ackah was a Principal responsible for acquisitions
and asset management at Lubert-Adler Real Estate LP, a real estate opportunity fund located
in Philadelphia. He also served as director of acquisitions and development for the Buccini/
Pollin Group Inc., a real estate operating partner that acquires, develops, and manages
commercial, lodging, residential, and office properties in the Mid-Atlantic. Mr. Ackah was also
an Acquisitions and Asset Management Specialist at The Praedium Group LP (formerly Credit
Suisse First Boston’s real estate opportunity fund) and a Financial Analyst at Goldman, Sachs &
Co. Mr. Ackah holds an MBA with dual majors in Finance and Real Estate from the Wharton
School of the University of Pennsylvania, where he was a Toigo Fellow and distinguished as a
Murphy Fellow by the faculty of the Zell-Lurie Real Estate Center. He also holds a Bachelor
of Arts in Classics from Williams College. Mr. Ackah is a member of the Urban Land Institute
and its National Hotel Development Council. He is also a Research Sponsor of the Zell-Lurie
Center of the Wharton School of the University of Pennsylvania, and is a member of the
Pension Real Estate Association, the International Shopping Centers Council, and the National
Apartment Association.
Rod L. Bailey, Senior Director, Integrated Client Services-Corporate Solutions Division,
Colliers International, is responsible for strategic development and implementation for
securing and maintaining global client accounts. These duties include cross-selling and delivery
of multiple real estate servicing lines such as transaction and project management, acquisition
and disposition services, advisory services, facilities and property management, green building
and environmental initiatives, capital markets and financial services, lease administration,
supply chain management and logistics. Colliers International has over 15,000 professionals
located in 480 offices throughout 61 countries. Its recent merger with FirstService Real Estate
Advisors creates the third largest global real estate services brand.
Alan R. Braxton, Managing Partner & Co-Founder of Presidio Partners, LLC, a real
estate private equity and advisory firm with a singular focus on providing capital raising and
advisory services to fund sponsors, operators, REITs and other real estate and infrastructure
market participants. Since the firm’s inception in May 2003, Presidio has completed equity
engagements in excess of $11B on behalf of its clients. These clients have targeted strategies
for U.S., European, Latin American and Pan-Asian markets with equity capital originating from
institutional investors spanning the global markets. In addition, via its wholly-owned subsidiary,
Compass Equity Advisors, the firm has invested in international real estate funds since 2006.
Moctesuma Esparza, Chief Executive Officer of Maya Cinemas North America, Inc., is an
award-winning filmmaker, producer, entertainment executive, entrepreneur and activist, revered
for his contributions to the movie industry and commitment to Latinos everywhere. Esparza
established Maya Cinemas, a growing chain of modern movie theatre complexes, and Maya
Entertainment, the only Latino owned Entertainment Company targeting U.S. Latinos today. Some of his production credits include: Selena, The Milagro Beanfield War, The Disappearance
of Garcia Lorca, and most recently Walkout for HBO. Esparza founded the Los Angeles
Academy of Arts and Enterprise Charter School, is Co-Founder of NALIP, Co-Founder of the
Smithsonian Latino Center, and founding Member of the Cesar Chavez Foundation. Esparza
was appointed by Los Angeles Mayor Antonio Villaraigosa Commissioner to the Los Angeles
City Employees Retirement System and, most recently, was appointed by U.S. Senate Majority
Leader Harry Reid to the planning commission of the National Museum of the American Latino.
Victor B. MacFarlane, Chairman & Chief Executive Officer of MacFarlane Partners,
LLC, an investment management firm that manages real estate assets on behalf of some of the
world’s largest pension plans and institutions. Considered a pioneer of the urban investment
concept among institutional real estate managers, Victor has 30 years of real estate investment,
development and management experience and has worked extensively on behalf of some of the
world’s largest pension plans and institutions.
Richmond S. McCoy, President & Chief Executive Officer of UrbanAmerica Advisors,
LLC, the successor company to UrbanAmerica, LP, which was founded in 1998 as a real estate
private equity firm to become one of America’s pre-eminent vehicles for fiscally and socially
prudent investment in inner city commercial real estate. UrbanAmerica’s Fund I and Fund
II have raised over $520M in equity and have invested in over 10 million sq. ft. of real estate
assets valued in excess of $2B. Investors include many of the country’s largest public pensions,
banks and insurance companies. In 2009 UrbanAmerica joined forces with Behringer Harvard,
a Dallas based commercial real estate firm to form UrbanAmerica Advisors. UrbanAmerica
Advisors represents a combined $10B of commercial real estate under management. Bolstering
UrbanAmerica’s historical core competencies, UrbanAmerica Advisors specializes in assets
located in urban centers, as well as properties located in top metro areas nationwide with a
focus of deploying equity into real estate assets tenanted by government, medical, academic
institutions and supermarket-anchored retail.
Ronald K. McDonald, Managing Principal - RMC Development, LLC, a full-service
real estate development, finance and investment company with a focus on major mixed-use,
transit-oriented development (TOD) and base closure (BRAC). RMC crafts solutions on behalf
of public and private clients for large, complex real estate projects that offer economic and
community benefit. RMC currently leads the redevelopment of the (BRAC) project David
Taylor Research Center, Annapolis, Maryland. Plans are underway for a 46-acre waterfront
office campus across from the United States Naval Academy complete with boat slips,
restaurants, retail and a luxury hotel with panoramic views over the Chesapeake Bay. RMC is
an investment advisor that sources capital for a diverse mix of real estate, energy and technology
clients. Leveraging a deep history of industry relationships, RMC identifies, qualifies, and
recommends sources of both debt and equity which best meet the company or project’s asset
profile and the owner/investor’s objectives.
Kenneth A. McIntyre Jr., Managing Director of MetLife is the Head of Real Estate Strategic
Initiatives. Ken’s responsible for developing strategic platforms to increase MetLife’s annual
production of commercial mortgages and real estate equities; to improve portfolio management;
and to increase the operating efficiency of the existing real estate infrastructure. Additionally,
Ken is responsible for further integrating the capabilities of the real estate department with
those of the rest of the Investments department and the Insurance infrastructure (such as product
development and distribution). MetLife has $35B of commercial mortgages and $10B of equity
real estate in its portfolio.
Aasia Mustakeem, Partner in the Atlanta office of Epstein Becker & Green, PC (“EBG”),
serves on EBG’s National Real Estate Steering Committee, is the leader of EBG’s Health
Care Real Estate Initiative and is a member of the firm’s Distressed Asset and Workout Team. Ms. Mustakeem practices in all areas of commercial real estate, including the representation
of developers, purchasers and sellers in connection with the acquisition, disposition and
development of office, hotel, retail, industrial and mixed-use projects. In addition, she has
experience with transit-oriented and infrastructure development projects, including sustainable
infrastructure development and other sustainable energy projects. She also has significant
experience in connection with lease transactions, representation of both borrowers and lenders
in secured loan and workout transactions, and the representation of companies nationwide in
connection with the ownership, operation and finance of corporate-owned real estate. Ms.
Mustakeem also advises borrowers and lenders in connection with financing transactions
secured by real property, including resolution of defaults, forbearance agreements and complex
real estate restructuring. In connection with Health Care Real Estate, she has represented some
of the nation’s largest healthcare companies and hospital systems in connection with their real
estate development and leasing, as well as their real estate finance transactions. Ms. Mustakeem
has been recognized for several years as a Georgia Super Lawyer by Atlanta Magazine, as
well as one of Georgia Trend’s Legal Elite. She is also recognized in The Legal 500 (United
States). A past chairperson of the 2,000 member Real Estate Section of the State Bar of Georgia
and a Fellow of the American College of Real Estate Lawyers, Ms. Mustakeem is active
with numerous civic and community organizations and serves on several boards of directors
including those of Zoo Atlanta and the Grady Memorial Hospital Corporation.
Quintin E. Primo III, Chairman & Chief Executive Officer of Capri Capital Partners
LLC, a real estate investment management firm headquartered in Chicago that he co-founded
in 1992. The firm has approximately $4B in real estate assets currently under management
and is an active investor in all major property sectors and markets throughout the United
States. Capri is currently expanding overseas, with major real estate development projects
in the Middle East and sub-Saharan Africa. Mr. Primo has over 30 years experience in real
estate investment and capital markets. Within the real estate industry, he is a member of the
Urban Land Institute, a board member of the Pension Real Estate Association and former
board member of the Real Estate Roundtable, Chairman of the Real Estate Executive Council,
and a former trustee of AMLI Residential, a NYSE-listed company taken private by Morgan
Stanley. Mr. Primo is active in civic and charitable organizations. Appointed by Governor
Pat Quinn, he serves on the State of Illinois Economic Recovery Council. He is a member of
The Economic Club of Chicago and a former member of the Federal Reserve Bank of Chicago
Seventh District Advisory Council. He serves as a member of the Executive Committee of the
Chicago Community Trust, as a trustee of the (Episcopal) Church Pension Group, and is former
trustee of the University of Chicago Hospitals and Ravinia Festival. He is currently Chairman
of the Primo Center for Women and Children, a transitional shelter serving the homeless, and
Chairman of the Chicago Alliance to End Homelessness, a position appointed by Mayor Richard
M. Daley. Mr. Primo has been featured in national publications, such as The Wall Street
Journal, Fortune Magazine, The New York Times and Black Enterprise Magazine, and has made
frequent guest appearances on network television and cable news and radio programs, including
CNBC, CNN, MSNBC and National Public Radio. He has received numerous awards and has
been highly recognized for his professional, civic and philanthropic contributions. Mr. Primo
received a Master of Business Administration degree from Harvard University Graduate School
of Business Administration and a Bachelor of Science degree in Finance, with honors and high
distinction, from Indiana University.
James H. Simmons III, Partner of AREA Property Partners, formerly known as Apollo
Real Estate Advisors and Managing Director of the $485M Apollo Domestic Emerging
Markets (“ADEM”) Fund. Mr. Simmons has been closely associated with AREA’s push
towards investing in residential and commercial assets located in Domestic Emerging Markets
(“DEMs”), which are the revitalizing urban cores of major growth cities in the U.S. including
New York, Los Angeles, Newark and Washington, D.C. To date, AREA has acquired over
$2.3B of assets in DEMs and through the ADEM Fund vehicle will continue to further pursue
transactions in these markets. Mr. Simmons was previously the interim President & Chief
Executive Officer of the Upper Manhattan Empowerment Zone Development Corporation (“The
Empowerment Zone” or “UMEZ”). Mr. Simmons graduated with a Master of Management
degree from the J.L. Kellogg Graduate School of Management, a Master of Science degree in
Engineering from the Virginia Polytechnic Institute and State University, and a Bachelor of
Science degree in Electrical Engineering and Computer Science from Princeton University.
Kirk A. Sykes, President of Urban Strategy America Fund, LP, is the head of an urban
investment, development and redevelopment fund for select institutional investors. The Fund
is a true “triple bottom-line fund” that offers investors an opportunity to transform urban and
economic development areas in their states, regions and cities while achieving an attractive
return on their investment by prioritizing diversity in the asset types and locations in order
to maximize returns. Mr. Sykes is responsible for the supervision of the partnership equity
placement, the identification of investments and the day-to-day business operations of the
USA Fund. He combines his professional training and hands-on experience in the areas of
development, design and construction to create customized responses to the complex issues of
urban real estate development. His approach is grounded in the bottom-line driven perspective
gained during his tenure as a member of Federal Reserve Bank of Boston, Fleet Bank and
BankBoston’s First Community Bank Advisory Boards and various other for-profit and nonprofit board affiliations. His combination of business and community-based experience allow
him to bridge the competing concerns that sometimes block urban projects from moving
forward. His specialty is the creation of urban mixed-use developments.
Michael E. Tabb, Managing Principal of Red Rock Global, LLC, is responsible for setting
the overall strategic direction for Red Rock Global. He serves as the principal relationship
manager with the company’s investors, strategic partners and clients. He is responsible for
developing the company’s business processes and for new business development. Additionally,
he provides direct leadership for the major functional areas of complex dispositions, asset
repositioning, (re)development and real estate advisory services. Red Rock Global, LLC (RRG)
provides corporations, institutional real estate owners, government agencies and other real
estate owners, a range of real estate services, filling a void in the current real estate market by
creating a minority-led, full-service, commercial real estate company focused on underserved
communities in primary and secondary metropolitan markets and superior quality transaction
management services. RRG has built its business reputation on a foundation of professional
excellence, integrity and quality service. This foundation has shaped the Company’s
commitment to value-adding recommendations and actions, and a sincere desire to understand
and improve communities. RRG is regarded by many industry professionals and clients as a
benchmark of service, value and community conscientiousness.
REEC FALL CHAIRMAN’S FORUM
CONFIRMED ATTENDEES AS OF SEPTEMBER 16, 2010
GUESTS
Donna Abood
Colliers International South Florida
Renae Griffin
Principal
RG & Associates
Lance Macon
Vice President
Landon Butler & Company
Boye Akinola
President
Boye Architecture, Inc.
Joseph J. Haslip
Former Assistant Comptroller
for Pensions & Former Trustee to the
New York City Retirement Systems
Monika Mantilla
Altura Capital
Nate Allison Jr.
Development Director
Pennsylvania Real Estate
Investment Trust
Anthony Blanco
Co-Managing Partner
Plaza Advisors
Peter Borges
Partner & Executive Vice President
Peter A. Braffman
Director
Credit Suisse
Andrew Ingraham
National Association of Black Hotel
Owners, Operators & Developers, Inc.
Ernest D. Jarvis
Managing Director
CB Richard Ellis
Larry E. Jennings, Jr.
Senior Managing Director, ValStone
Partners & Board Trustee, Carnegie
Mellon University & State Retirement
and Pension System of Maryland
Chauncey C. Mayfield
MayfieldGentry Realty Advisors, LLC
Joel Miller
Chairman
Grace Capital Management
Henry Paper
Managing Member
Alliance Starlight, LLC
Onay Payne
Senior Vice President
ING Clarion Partners
Derek K. Jones
Partner
Credit Suisse
Avery Robinson
Investment Consultant
Callan Associates
Tammy Jones
President
Basis Investment Group
Delia Roges
Managing Partner
Oro Capital Advisors, LLC
R. David Kelly
Chairman
Teacher Retirement System of Texas
H. Jerome Russell
President
H. J. Russell & Company, Inc.
Paul B. Edwards
Principal, Marketing
Thomas P. Kennedy
Chief Financial Officer &
Chief Operating Officer
Valorie Santos
Deputy Mayor for Planning &
Economic Development
Government of the District of Columbia
Robert Finvarb
Owner
Robert Finvarb Companies, LLC
Maria A.Kong
Markon Realty & Management, Inc.
Lino A. Solis
Counsel
Wachtel & Masyr, LLP
Malik H. Franklin
Vice President
RBC Capital Markets
Lisa Kopp
Head of Research
Altura Capital
Rev. Dr. Richard L. Tolliver
Rector
St. Edmund’s Episcopal Church
Juan J. Gallardo III
Director, Corporate Solutions,
Latin America
Jason Lewis
Vice President
Tramaine J. Tyson
Associate
AIG
Jack Lowell
Vice President
Flagler Real Estate Services, Inc.
Chair Elect, The Beacon Council
Michael Walker
FalconHill Partners, LLC
James I. Clark, III
Managing Principal
Entrust Realty Advisors, LLC
Harry T. Delaney
Associate Director
Marcus & Millichap
Edmund Donaldson
Hines Interests
Orim Graves
Executive Director
National Association of
Securities Professionals
GUESTS CONT’D.
REEC BOARD MEMBERS
REEC MEMBERS
Lynn C. Washington
Principal
Washington & Associates, P.A.
Amachie K. Ackah
Managing Partner
Argosy Real Estate Partners
Gwendolyn L. Butler
President & Chief Operating Officer
Careina Williams
Principal, Investments
Rod L. Bailey
Senior Director
Michael L. Campbell
Managing Partner
Phene Capital, LLC
McCullough Williams III
President & Chief Operating Officer
FIS Group, Inc.
Alan R. Braxton
Managing Partner
Presidio Partners, LLC
Khalif Edwards
Senior Director
TIAA-CREF
Lee Winslet
Wells Fargo Bank
Victor B. MacFarlane
Chairman & Chief Executive Officer
MacFarlane Partners, LLC
Charles E. Frazier, Jr.
Managing Principal
Gateway Investment Partners
Brian K. Wong
REEC Chairman’s Fellow &
Robert A. Toigo Foundation Fellow
2011 MBA Candidate
Harvard Business School
Richmond S. McCoy
Leslie D. Hale
Chief Financial Officer &
Ronald K. McDonald
Managing Principal
RMC Development, LLC
Kenneth A. McIntyre, Jr.
Managing Director
MetLife
REEC STAFF
Oscar Groves
Associate – Public Affairs
L. Heather Mitchell
Vice President
SPECIAL THANKS
Christine Arethas
Associate Director Client Relations
Aasia Mustakeem
Partner
Epstein Becker & Green, PC
REEC Board Secretary
Quintin E. Primo, III
Chairman & Chief Executive Officer
REEC Board Chairman
Danita Johnson
Investment Manager
Franklin Templeton Investments
Denise J. Lewis
Senior Partner
Honigman Miller Schwartz
and Cohn LLP
Guy A. Mason
Vice President
Roland S. Merchant, Jr.
Director
Eastdil Secured, LLC
James H. Simmons III
Partner
AREA Property Partners
Trevor L. Michael
Managing Director
TIAA-CREF
Kirk A. Sykes
President
Urban Strategy America Fund, LP
REEC Board Vice Chairman
Kevin M. Pleasant
Vice President
AVP Advisors, LLC
Edward S. Scott, Esq.
Senior Managing Director & Co-Chief
Inventment Officer, Fund Management
Deepa S. Taylor
Assistant Vice President
AEW Capital Management, LP
Charles D. Young
Senior Development Director
Mesa Development, LLC
UPCOMING CHAIRMAN’S FORUM
2011 SPRING CHAIRMAN’S FORUM
APRIL 28 – 29, 2011
THE RITZ-CARLTON, BOSTON COMMON
Boston, Massachussetts
REAL ESTATE EXECUTIVE COUNCIL
Interested in becoming a REEC member, please contact:
Real Estate Executive Council
875 N. Michigan Avenue, Suite 3430
Chicago, Illinois 60611
(312) 573-5260
www.reec.org

Learn more - the Real Estate Executive Council

Transcription

Similar documents

NEW 2009 Edition SurePass - United Educational Services

TAKE THE REBOSA EQUALITY PLEDGE TODAY

before they were brokers

Cissell Mueller Ad 1.ai

Tweet your support #RespectAllMusic

DIBELLA`S REAL ESTATE CRITERIA

BeauBox Property: River Palms Two Bedroom Condo

Two Harbors—Amoco BP Service Station Thriving Business and

131010000 Estate Riesling

32 Hobbs Industrial Estate