Agenda

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The Acquisitions Committee is hard at work developing the agenda. Please check here for updates.

All times are Eastern time

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​wednesday, JUNE 7

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5.30pm: Networking dinner

The Smith NoMad, 1150 Broadway 

 

​THURSDAY, JUNE 8​

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8am: Breakfast

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8.45am Welcome comments & NAREIM DEI Committee Update​

Brief update on NAREIM research & surveys, and how to get involved with upcoming DEI committee events.

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• Chairs: 

  • Portfolio Management: Shilp Shah & Melissa Warren, Nuveen Real Estate

  • Acquisitions: Josh Dinstein, Continental Realty

  • Asset Management: Robert L. Jones, Alidade Capital

• Co-chairs: ​

  • Acquisitions: Hayley Cox, UBS Realty Investors

  • Asset Management:​ Rob Naso, BentallGreenOak ​

• NAREIM:

  • Zoe Hughes, CEO

  • Sanyu Kyeyune, Head of Programming

  • IvyLee Rosario, Meeting Director 

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9am Liquidity & Capital Markets Pt. 1

JOINT SESSION for all attendees

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• Session leaders:

  • Robert L. Jones, Managing Director, Alidade Capital

  • Shilp Shah, Director, Portfolio Management, Nuveen Real Estate

  • Hayley Cox, Transactions, UBS Realty Investors

• Speaker:​​

  • Andrew Thornfeldt, Head of Real Estate Investment Banking, Chatham Financial 

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Whole-room Q&A with presentations by NAREIM members and industry experts: In the first segment of this session, we'll hear from a product specialist and lender, the product types that are able to get financing, solutions to liquidity challenges, exposure and financing terms. 

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• What are the current liquidity challenges?

• What are managers doing to find liquidity?

• How are managers working through debt constraints?

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Format: 5-minute polling, 10-minute session leader perspective, 15-minute manager case studies, 20-minute whole-room discussion – 50 mins

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9.50am: Break

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10.05am Liquidity & Capital Markets Pt. 2

JOINT SESSION for all attendees

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• Session leaders:

  • Robert L. Jones, Managing Director, Alidade Capital

  • Shilp Shah, Director, Portfolio Management, Nuveen Real Estate

  • Hayley Cox, Transactions, UBS Realty Investors

• Speakers:

  • Laura Rapaport, CEO, North Bridge 

  • Candice King, Head of Real Estate Capital Markets Alternatives & Housing, Nuveen Real Estate

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Small-group activity: In groups of 6, managers will discuss the actions they are taking to manage risk, strengthen their portfolios, and time their re-entry into the market – what’s working and what’s not working.

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• What actions are you taking to manage cash flow and working capital at the Asset and Fund level?

• What challenges are you facing in finding liquidity?

• What strategies are you trying or considering?

 

Format: 25-minute group exercise, 25-minute whole-room discussion – 50 mins

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10.55am: Break

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Attendees may participate in either 11:15am session below:

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Portfolio Management Track: 11.15am: The Big ESG Question: How are you calculating brown discounts?  ​

 

Insuring and financing assets at a discount typically falls on PMs, but where do you get dinged?

 

We dive into what data providers and lenders are offering and how managers quantify the impact of ESG actions on insurance and financing costs.

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• Speaker: Dara Friedman, Managing Director and Portfolio Manager, BentallGreenOak

• Moderator: ​Justin Lia, Managing Director, Partner Engineering and Science

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Topics to be raised:

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• Part 1: Valuation

  • How are you calculating brown discounts? How do you determine the benefit or penalty on exit? Which KPIs have the highest ROI?

• Part 2: Lending & Financing 

  • What are lenders doing to reward ESG? What is the value proposition?

• Part 3: LPs

  • ​Are you restructuring fund requirements to meet certain benchmarks? Are you reporting to any industry association standards? What do your Article 6 & Article 8 investment strategies look like?

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• ​Format: Fireside chat, followed by roundtable discussions in 3 parts - 60 min

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Asset Management Track: 11.15am: Insurance: How are you managing cost and risk?  

 

Q&A and whole-room discussion with industry expert providing a current overview on why the market is so volatile.

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• Session leader:

  • Haley Donato, Vice President, Asset Management & Finance, Continental Realty Corporation

• Speaker:

  • Danielle Lombardo, Chair, Lockton Global Real Estate Practice

 

​​Issues to be raised include: 

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• How did we get here?

• Why is the market the way it is?

• How do we navigate the changes?

• What are lenders requiring? Is it practical?

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• Format: Fireside chat and whole-room discussion - 60 min

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12.15pm Networking Lunch 

 

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1.15pm: What's on your mind? Live feedback & group brainstorming session

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• Session leader: Frank Tetel, Managing Director, Grubb Properties

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NAREIM members' open-mic session to exchange best practices, challenges faced and lessons being learned.​​

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• Format: Whole-room Q&A - 45min

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2pm: How to Resource & Staff Acquisitions Teams

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Comparing insights from the 2022 NAREIM Global Management Survey to today's landscape, managers ask one another what they are doing to restructure their Transactions teams, apply their existing skill set to Asset & Portfolio management functions, and discuss their future growth plans.

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• Session leader: Hayley Cox, Transactions, UBS Realty Investors

• Speaker: William Zheng, Senior Associate, Acquisitions, MultiGreen Properties​

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• Format: Interactive polling with live feedback, short presentation and whole-room Q&A - 45mins​

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2.45pm: Break

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3pm: Retail, Multifamily & Industrial: Acquisitions & Dispositions Outlook

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Whole-room conversation on CRE markets across the US and expectations for the next 6 to 18 months.

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• Session leader: Josh Dinstein, Senior Vice President, Acquisitions, Continental Realty Corporation

• Speaker: Ryan Severino, Chief Economist, BentallGreenOak

 

Issues to be raised include:

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• What are the non-financial risks of buying and selling today?

• Which markets and property subsets are you considering in retail, multifamily and industrial?

• What do you consider “uninvestable” today?

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• Format: Interactive workshop, followed by small-group roundtable exercise and whole-room Q&A - 45min

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3.45pm: End of meeting

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