Capital Markets Summit
Sheraton New York Times Square Hotel, New York, NY
MBA CREF presents the first Capital Markets Summit. This event brings together the wider commercial real estate finance marketplace to learn about growing capital sources. Whether analyzing debt funds or publicly traded REITs, borrowers, mortgage bankers and lenders are finding that more deals are getting done by alternative lenders in today's market. Whether you are a traditional lender, intermediary, or debt fund, you'll want to join us in NYC to hear from and about the alternative lenders that are going mainstream.
For program information, please contact MBA's Andrew Foster at (202) 557-2740 or firstname.lastname@example.org
For accommodations at the Sheraton Times Square, please use this link. Please note: space is limited, and will be on a first come, first served basis. The cut off date is Tuesday, March 26, 2019.
8:00-9:00 am Registration
9:00-9:30 am Welcome and Opening Remarks
9:30-10:30 am View from the LPs: Private Credit, Pension Funds, and Capital Raising
Alternative lenders have not only been gaining CRE finance market share by making more loans to borrowers in the past few years but also made significant headway in raising capital to manage allocated to various strategies. We'll start the day by hearing perspective from the limited partner side of this equation. This conversation will focus on where commercial real estate and debt strategies fit into the portfolio of various pension funds and investors with exposure to this sector as well as their outlook.
John Gluszack, New York City Office of the Comptroller
Kevin Higgins, New Jersey Division of Investment
Thomas Hester, StepStone Real Estate
Greg MacKinnon, PREA
10:30-10:45 am Networking Break
10:45-11:45 am Debt Funds, Alternative Lenders and Construction
The composition of lenders financing commercial real estate projects has shifted this cycle. Given bank appetite for certain construction project risk as well as external constraints, non-bank lenders have stepped in to fill a void of making these loans. This conversation will consider the evolving role of different capital providers in construction financing from both traditional and alternative lenders. The panel will explore real life examples of loan transactions and consider why projects were financed by certain capital providers.
Stacey Berger, PNC Real Estate/Midland Loan Services
Tony Fineman, ACORE Capital
Mark Fogel, ACRES Capital
Peter Sotoloff, Mack Real Estate Credit Strategies
12:00-1:15 pm Lunch (Speaker)
1:15-2:15 pm Financing the Financier-Warehouse Lines vs. Collateralized Loan Obligation (CLO) Financing Vehicles
One of the interesting components of debt funds and their business strategies is their role as both a borrower and a lender. In this discussion, we'll hear about how various firms are financing their commercial real estate financing operations. Whether tapping bank warehouse lines or tapping the capital markets through issuing a CRE CLO, this panel will highlight some key issues and marketplace trends as well as why they impact debt funds.
Douglas Armer, Blackstone
Jeffrey Dawkins, Goldman Sachs
Richard D. Jones, Dechert
Eric Thompson, KBRA
2:15-2:30 pm Networking Break
2:30-3:30 pm Public REITs Take Center Stage
This real estate cycle has been defined by both its length as well as increasing marketplace interest in floating rate short term bridge loans. One of the structural trends associated with private equity increasing its presence in commercial real estate lending in particular has been an increase in the number of public mortgage REITs in the past few years. This discussion will cover what is happening in the REIT space and what is expected going forward. Don't miss the opportunity to hear where REITs fit into the commercial real estate finance ecosystem today.
Gene Kilgore, Arbor
Patrick Mattson, KKR
Nishant Nadella, Annaly Capital Management
Jason Ruckman, TPG
Avinash Sharma, JP Morgan
3:30-3:45 pm Networking Break
3:45-4:45 pm Conversation on Late Stage Cycle, Rising Rates and Market Outlook
The closing panel will convene industry veterans to talk about their perspective on today's commercial real estate market, the economic outlook and where debt funds and other capital sources fit into the financing picture broadly. This discussion will round out the day with a variety of perspectives looking at the big picture and where the market may be headed. The panel will explore real life examples of deals and consider why projects were financed by certain capital providers.
Jim Chung, Bridge Structured Finance
Steven Schwartz, H.I.G. Capital
Peter Smith, TPG
Jack Taylor, Granite Point
5:00-6:30 pm Networking Reception
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