CREF Commercial Council

MBA's CREF Commercial Council serves as a forum for a broad and diverse group of CRE capital providers including life insurance companies, banks, debt funds, and securitized lenders. The forum will educate participants on market trends and conditions with a focus on developing best practices and industry standards where appropriate. The Council will facilitate an exchange of ideas about investment in commercial real estate finance across the entire capital stack by firms putting capital at risk.  

MBA Staff Representative:
Kelli Burke
(202) 557-2742
[email protected]

David Harrison
Chair
Chief Operating Officer
Midland Loan Services, a PNC Bank Division

Melissa Farrell
Vice-Chair
Head of U.S. Originations, Managing Director
PGIM Real Estate

Erin Stafford
Vice-Chair
Head of North American CMBS, Managing Director

Morningstar DBRS

What You Missed - The CREF Commercial Council met on Wednesday, April 29, for a discussion of key policy, market, and industry developments affecting commercial real estate finance.

MBA staff provided updates on several federal and regulatory issues, including the 21st Century ROAD to Housing Act, bank capital requirements and EGRPRA, California Air Resources Board (CARB) Scope 3 reporting requirements, and efforts related to TRIA reauthorization and NFIP refinements. The Council also received MBA's latest Market Outlook, which examined current market conditions and expectations for the remainder of 2026. Members concluded the meeting with an open discussion on emerging opportunities, challenges, and priorities across the commercial real estate finance industry.

The next meeting of the CREF Commercial Council will be held on Thursday, July 23. For additional information or interest in participating, contact Kelli Burke at [email protected].

Get Involved

If you would like to get more involved in MBA, consider volunteering for this or one of MBA's other Commercial/Multifamily committees. Any employee of an MBA commercial/multifamily member company or a select or premier level associate member company may join one or more of these committees.

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