Conference Agenda

Wednesday, October 16, 2019

12:00 noon – 4:30 pm
Investor Only Program (Closed Session)
11:00 am – 5:00 pm
Early Conference Badge Pick up
7:00 pm – 8:30 pm
Opening Cocktail Reception – National Portrait Gallery

 

Thursday, October 17, 2019

The Evolution of Our Industry and What That Tells Us About the Future

8:00 am
Registration and Continental Breakfast
8:00 am – 9:00 am
Investor Only Breakfast (Closed Session)
8:00 am – 9:00 am
New Member and First Time Attendee Breakfast
9:00 am – 9:15 am
Opening Remarks (Conference Co-Chairs)
9:15 am – 10:00 am
Opening Keynote Session with Dr. Ben Bernanke, Chairman, The Federal Reserve System (2006-2014)
10:00 am – 11:00 am
General Session: A Look Back at Our Industry: How Has Institutional Capital Defined the Real Estate Market?
Over PREA’s 40 years, real estate has been transformed into an increasingly institutionalized investment opportunity and the largest of all alternative asset classes. Plan sponsors and other institutional investors have been the engine behind this transformation, fueling not only the expansion into new strategies, geographies and asset types, but also the growth of thousands of real estate asset management firms. What key developments continue to influence us today as our industry continues its evolution? How are institutional investors changing their approach to working with sponsors (including reducing the number of managers they work with) and what is the impact on the manager landscape? Which principal lessons should we draw from our past to inform the future direction of our industry?
Moderator: Mary Ludgin, Senior Managing Director and Director of Global Investment Research, Heitman
Terry Ahern, CEO, The Townsend Group
Mike Dire, Director of Real Estate, California State Teachers’ Retirement System
John McClelland, Principal Investment Officer, Real Estate, Los Angeles County Employees Retirement Association
11:00 am – 11:15 am
Refreshment Break
11:15 am – 12:30 pm
General Session: Consolidation and Industry Change: The Evolving Landscape of Real Estate Asset Management Firms
Over the past 40 years, our industry has witnessed an extensive proliferation of real estate investment management firms. While new participants continue to enter the market, we have also begun to witness increasing consolidation within the industry. As these mergers and acquisitions reduce the number of investment management firms operating in the real estate industry and increase the share of assets managed by relatively few firms, how should managers and investors take stock of this trend? What is driving this trend and do we expect it to continue? For managers, how does consolidation affect efforts to attract and retain talent? What are the implications for new managers trying to break into the industry? For investors, how is manager selection and oversight influenced? Industry leaders from both groups will consider these and related questions.
Moderator: Linda Assante, Managing Partner, Jasper Ridge Partners
Stephen Furnary, Executive Chairman, Clarion Partners
David Glickman, Executive Vice President, Meketa
David Hodes, Founder and Co-Managing Partner, Hodes Weill & Associates
Christopher Merrill, Co-founder, Chairman and CEO, Harrison Street
12:30 pm – 2:30 pm
Luncheon
12:30 pm – 2:30 pm
Affinity Group Luncheon Program (Closed to Appointed Members Only)
2:30 pm – 3:30 pm
General Session: Our Changing Investment Criteria: How Will Sustainable Investing Standards affect Real Estate Investments?
Investors always focus on risks, returns and the bottom line. They are increasingly adding a new question to their investment process: How can income and asset price be enhanced by environmental, social, and governance considerations? Risks inherent in climate change impact the viability of an investment. Use of certain construction materials can attract higher quality tenants to a building. Sovereign Wealth Funds, pension and trust funds are all seeking to interpret data that enable them to profit from this new angle to investing. Some are making sustainability a requirement. What exactly are the relevant factors and the standards being developed to measure them? Finally, how might these developments further impact performance?
Moderator: Nils Kok, Chief Economist, GeoPhy
Sue Ansel, Chief Executive Officer and President, Gables Residential
Herman Bril, Director of Investments, United Nations Joint Staff Pension Fund
Phil Gillin, Executive Vice-President and Portfolio Manager, BentallGreenOak (Canada) Limited Partnership and Senior Managing Director, SLC Management
3:30 pm – 4:30 pm
General Session: Our Changing Investable Landscape: City Planning/Smart Cities
The commercial and residential investable universe is continuing to change. This is not only driven by changing demographics and home-ownership trends, but also by extensive planning and investment in the livability and productivity of cities. Can the resurgence of cities over the past 30 years be attributed to the conscious efforts of planners? Which urban planning models have taken the strongest hold over that period, and which are capturing the imagination of today’s investors? What will be the impact on institutional investment in commercial and investment real estate?
Moderator: Jaana Remes, Economist and Partner, McKinsey Global Institute
Tracy Gabriel, President and Executive Director, Crystal City Business Improvement District
Carlo Ratti, Director, MIT Senseable City Lab and Founding Partner, Chairman, Carlo Ratti Associati
David Ritchey, Executive Vice President and Director of Commercial Leasing and Asset Management, JBG Smith
4:30 pm – 5:30 pm
General Session: Our Changing Technology: The Impact of PropTech on Real Estate
A decade ago, the words “property” and “technology” were rarely found in the same sentence – let alone in an acronym! Today, “PropTech” is a $12billion and growing market, one that is poised to transform how we source, finance, manage and maximize the value of real estate. Many GPs are actively investing in PropTech companies. What are the latest and most impactful innovations in the realm of real estate technology? Which developments currently on the horizon stand to reshape the industry most extensively in future years? The panel will consider these questions as well as the consequent imperatives for investors today: what should be done to position real estate portfolios to withstand and even benefit from technological disruption?
Anar Chudgar, Managing Director, Artemis Real Estate Partners
Constance Freedman, Founder and Managing Partner, Moderne Ventures and the Moderne Passport
Atit Jariwala, Chief Executive Officer, Bridgeton Holdings
Jennifer Tindle, Vice President, Technology, Data and Analytics, Pennybacker Capital
Jenny Wong, Managing Director-Ventures and Innovation, Tishman Speyer
6:30 pm – 7:30 pm
Reception
7:30 pm – 9:00 pm
Dinner with Guest Speaker
9:30 pm
Rising Leaders Cocktails (invitation only)

 

Friday, October 18, 2019

8:00 am – 10:00 am
Closing Breakfast Program with Fareed Zakaria

Conference Concludes

 

Other Events to Watch For

  • Women’s Tea
  • Rising Leaders Cocktails
  • LGREG (Lesbian and Gay Real Estate Group)