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Schedule subject to change.

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Monday, February 10, 2020

  • Breakout Session: On Borrowed Time: Bank Lending Trends in the Long Cycle (Closed to Media)

    Location: 2nd Floor,
    Seaport Ballroom F


    Speaker(s)

    Victor Calanog, Ph.D., CRE®, Head of CRE Economics, Moody's Analytics REIS

    Benjamin Stacks, CRE Line of Business Executive, BankUnited

    Brad J. Dubeck, Market Executive NY/NJ Commercial Real Estate Banking, Bank of America Merrill Lynch

    David V. Fowler, Managing Director, Real Estate & Mortgage Banking, BNY Mellon

    Matt Galligan, Vice Chairman, Real Estate Finance, CIT

    Breakout Session

    Bank portfolio lenders compete to originate commercial real estate loans against a backdrop of continued competition among various capital sources. Learn what larger industry and economic trends are impacting their operations and balance sheets and how various players are responding.

    Speaker(s)

    Victor Calanog, Ph.D., CRE®, Head of CRE Economics, Moody's Analytics REIS

    Victor Calanog is Head of Commercial Real Estate Economics for Moody’s Analytics. Prior to the acquisition by Moody’s Analytics in October 2018, he served as Chief
    Economist & Senior Vice President of REIS, leading a team of economists and analysts to build, maintain, and customize the firm’s market forecasting, valuation, and
    real estate portfolio analytics services. Dr. Calanog’s research has received awards and fellowship support from several institutions, including the Ford Foundation, the Russell Sage Foundation and the Penn Lauder Center for International Business Research. A prodigious researcher with broad interests, his papers in real estate economics, local government competition, and urban fiscal policy have been presented in meetings of the American Economic Association, the American Finance Association, the Brookings Institution, and discussed in academic forums sponsored by Harvard Business School, Columbia University, Stanford University, the Wharton School of the University of Pennsylvania, and the Stern School of Business at New York University. He serves as contributor and peer reviewer for several academic journals, with scientific papers published in the Journal of Banking & Finance, the Journal of the Risk Management Association, and cited in the Journal of Finance, Journal of Public Economics, the World Bank Research Observer, the Brookings Papers on Urban Affairs and Public Administration Review. His assessments of market conditions have appeared in national publications like the Wall Street Journal, New York Times, Bloomberg News, Financial Times, and Reuters News. Dr. Calanog writes several columns on commercial real estate for the National Real Estate Investor and Scotsman Guide. His industry columns have won honors from the American Society of Business Publication Editors and the Risk Management Association.

    He serves on the MBA's Commercial Real Estate/Multifamily Finance Board of Governors, as Managing Editor for the CRE Finance Council, and on the Editorial Advisory Board of Real Assets Adviser. He is also part of the Executive Committee and the Board of Directors of the Counselors of Real Estate ®. Dr. Calanog holds a PhD in Applied Economics and Management Science, trained by a dissertation committee composed of faculty from the Wharton School of the University of Pennsylvania and Harvard Business School. In addition, he has an MBA in Finance and an MA in Business and Public Policy, earning the Amy Morse Prize and the Thomas P. Gerrity Leadership Award as the most distinguished PhD and MBA student in his class.

    Benjamin Stacks, CRE Line of Business Executive, BankUnited

    Benjamin Stacks is executive vice president and commercial real estate line of business executive for the bank’s footprint, which includes north and south regions along the eastern seaboard. Possessing a broad understanding of all aspects of the real estate and banking industries, Stacks is a valuable part of BankUnited’s executive team. A 27-year veteran of New York commercial real estate banking, Stacks joined BankUnited in 2018 from Capital One Bank in New York, where he served as northeast market manager. In addition to his nine years there, he held various positions at HSBC Bank and M&T Bank. He serves on a number of industry and not for-profit boards, including the Real Estate Lenders Association, Breaking Ground, and is a former Chairman of the Young Mortgage Bankers Association. Ben has also served as a Guest Lecturer at NYU’s School of Real Estate as well as Syracuse University’s JanMester Program. Ben Stacks is a resident of Rye, N.Y., where he is a city councilman.  He earned his MBA from American University, Washington, D.C., and a bachelor’s degree from Syracuse University, Syracuse, N.Y.

    Brad J. Dubeck, Market Executive NY/NJ Commercial Real Estate Banking, Bank of America Merrill Lynch

    Brad Dubeck is a Senior Vice President and NY/NJ Market Executive within Commercial Real Estate Banking (CREB) where his responsibilities include leading the local teams charged with delivering the broad capabilities of the Bank of America Merrill Lynch platform to CREB clients and developing a clear and executable strategy to best serve client needs while growing relationship revenues.  Prior to his current role, Brad held the position of Senior Client Manager for six years and Credit Products Officer for two years, also within CREB.   Prior to joining Bank of America in 2005, Brad spent two years as an Executive Associate at M&T Bank in New York.  Brad started his banking career in Texas as a Corporate Banking Analyst at Bank One, NA (now JP Morgan) in 1999.  In this role, Brad completed Bank One’s Rotational Credit Management Training Program which included commercial credit training as well as sales and leadership training.  In 2002, Brad left Bank One after three years and moved to New York City to pursue his MBA at NYU.  

    David V. Fowler, Managing Director, Real Estate & Mortgage Banking, BNY Mellon

    Matt Galligan, Vice Chairman, Real Estate Finance, CIT

    Matthew (Matt) Galligan is President of Cit Real Estate Finance. His group provides stabilized, value-add and construction loans in excess of $20 million to highly experienced and well-capitalized developers in the office, retail, industrial and multi-family rental sectors. Galligan most recently served as Managing Director and Head of US Property Finance for Bank of Ireland where under his leadership his team negotiated and closed more than 30 transactions totaling $2 billion. Before joining Bank of Ireland, he served as Executive Vice President for Real Estate Capital Markets at DebtX. He has also worked for Fleet Boston Financial, Bank of Boston, and Chase Manhattan in executive level positions in credit, real estate lending, debt distribution and capital markets.