Webinar: Bullish, Bearish, or ....... in 2020? What to Expect for CRE and the Economy

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Date:
January 24
Time:
1:00 pm - 2:00 pm
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Organizer:
ULI Center for Capital Markets and Real Estate
Website:
https://americas.uli.org/research/centers-initiatives/center-for-capital-markets/

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Hear the latest economic and market insights and forecasts for 2020 of the two keynote speakers—Ken Rosen and Mike Van Konynenburg —from the 26th ULI/McCoy Symposium in New York City.

  • Where are we at the start of 2020, and what’s ahead for individual markets and property types?
  • Is the view that “we are late in the cycle” becoming too much of a focus?
  • What is the impact on real estate prospects of market volatility and a divided government?
  • What are the opportunities? What are the risks and challenges?
  • Where do the experts agree and disagree?

Questions from listeners are encouraged and will be addressed during the webinar as time permits.

Moderator

Ed Walter – Global Chief Executive Officer, Urban Land Institute

Edward (Ed) Walter, a widely renowned real estate industry leader and most recently the Steers Chair in Real Estate at Georgetown University’s McDonough School of Business, is the Global Chief Executive Officer of the Urban Land Institute (ULI), a global real estate organization with more than 40,000 members dedicated to responsible land use and creating thriving communities. Walter joined ULI’s executive team in June 2018.

Walter brings to ULI more than 35 years of management experience in the real estate profession across a variety of disciplines including hotels, multifamily, and land development, with a strong emphasis on capital markets and investments. From 2007 through 2016, he served as Chief Executive Officer, President and Director of Host Hotels and Resorts, Inc., where he led a $19 billion-plus global lodging real estate investment trust (REIT) with a high-performing portfolio of more than 110 hotels around the world. Prior to becoming Host’s CEO, he served as the company’s Chief Financial Officer for more than four years and served in other executive roles at Host for seven years prior to being named the CFO. Walter’s service at Host overlapped with his four-year tenure at Georgetown, where he created and taught the Real Estate Public Equity course, which is designed to explore multiple aspects of REITs.

Panelists

 

Michael Van Konynenburg (“Mike VK”) – President, Eastdil Secured

D. Michael Van Konynenburg (“Mike VK”) is President of the real estate investment banking firm Eastdil Secured. At Eastdil Secured he is responsible for overseeing numerous large, real estate transactions including financings, capital raises, sales, and investment banking transactions for institutional real estate owners and lenders. In 2018, Eastdil Secured completed over $245 billion of capital market transactions globally. Eastdil Secured has offices in the US, Europe, and Asia.

Mr. Van Konynenburg was formerly the President and Chief Executive Officer of Secured Capital Corp (“SCC”), a real estate investment banking firm that he co-founded in 1990. SCC merged with Eastdil Realty in early 2006 to form Eastdil Secured. In 1997, Mr. Van Konynenburg also co-founded and served as the CEO of Secured Capital Japan (“SCJ”), an Asia based, real estate private equity platform which subsequently went public in 2003.

Prior to co-founding Secured Capital Corp, Mr. Van Konynenburg was a Senior Vice President in Drexel Burnham Lambert’s CMBS and High Yield Bond divisions in Beverly Hills, where he was responsible for trading and structuring various CMBS securities and real estate financings for non-investment grade corporates, as well as trading distressed mortgages.

Mr. Van Konynenburg graduated with highest honors from the University of California at Davis with a bachelor’s degree in Managerial Economics. He is a founding board member of the Ziman Center for Real Estate at UCLA Anderson School of Management and a member of Real Estate Capital Policy Advisory Committee (RECPAC). He is a governing trustee of the Urban Land Institute (ULI), and actively involved with the Union Rescue Mission in Los Angeles.

 

Ken Rosen – Chairman, Rosen Consulting Group, and Chairman, Fisher Center for Real Estate and Urban Economics, UC Berkeley

Ken Rosen is Chairman of Rosen Consulting Group, a real estate market research firm, Chairman of the Fisher Center for Real Estate and Urban Economics and Professor Emeritus at the Haas School of Business at the University of California, Berkeley. Mr. Rosen is a trustee of the Urban Land Institute and is a member of the board of directors of several non-profit and for-profit entities that deal with real estate finance and development. He has authored over 100 articles and four books on real estate and real estate finance.

He was formerly the Chairman and founder of Rosen Real Estate Securities LLC (RRES), and Chairman, founder and portfolio manager of Lend Lease Rosen Securities, both REIT money management firms. Also, Ken served as the special real estate advisor to The Davos World Economic Forum, and from 1985-1990 he was Consultant/Managing Director of Salomon Brothers’ Real Estate Research Department.

Mr. Rosen received his Ph.D. in Economics from the Massachusetts Institute of Technology, and a B.A. with highest honors from the University of Connecticut in 1970. He was a Professor of Economics at Princeton University.