STOP.GO.PIVOT - COLUMBIA UNIVERSITY GRADUATE REAL ESTATE DEVELOPMENT CONFERENCE - CO-CHAIRS ADAM FEIL '06 MSRED & ED ADLER, '88 MBA
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COLUMBIA GSAPP SPRING 2021
COLUMBIA UNIVERSITY
THURS DAY
GRADUATE
REAL ESTATE
DEVELOPMENT
03 /25
CONFERENCE &
FRIDAY
03 /26
10 : 0 0 AM
STOP.GO.PIVOT
CO - CHAIRS ADAM FE IL ’ 0 6 MSRE D & E D ADLE R , ’ 8 8 MBA
ARCH .COLUMBIA . E DU # COLUMBIAGSAPP
ADAM
FEIL
‘06 MSRED
Director, Elysian Investments
Adam Feil serves as Founder and Mr. Feil graduated with a Bachelor
President of Elysian Investments, of Science in Finance with
focusing on distinctive hospitality High Honors and Beta Gamma
investment and development Sigma from Lehigh University.
opportunities throughout the He subsequently received a
U.S., as well as an advisor to both Masters from Columbia University
domestic and international lodging where he received the Thesis
owners and operators. Award. In 2012 he founded,
and began teaching the lodging
Prior to establishing Elysian, Mr. curriculum in the graduate real
Feil was a Director with global estate development program at
private real estate investment firm Columbia, where he currently
Trinity Investments, LLC, where serves as an assistant adjunct
he was involved in over $2b of professor. He currently serves
lodging and commercial real as a special advisor to Ventoux
estate transactions across Hawaii, CCM Acquisition Corp, a
Japan and Mexico. At Trinity, Mr. leisure focused special purpose
Feil was focused on all critical acquisition corporation. He’s
functions, including acquisitions/ served on the Board of the New
dispositions, asset management, Amsterdam Market, as a senior
platform structuring, joint ventures, curatorial advisor to the Sports
new brand creation and capital Museum of America and currently
raising for opportunities across sits on the advisory board for St.
all aforementioned regions. Prior Bart’s Preschool. He holds the
to Trinity Investments, he was WSET Diploma, was an AXA
with Leading Hotel Holdings Scholar, has written for Decanter,
and served as the LHW board Jancis Robinson and the American
representative for Quintess. Sommelier Association, and has
Previously, he was with Alta consulted for numerous Napa and
Management, Bear Stearns & Sonoma wineries and developers.
Co, and Lazard Freres Asset
Management.C0-CHAIRS
ED
ADLER
‘88 MBA
Co-Founder Partner,
Silver Eagle Advisory Group
Ed Adler, co-founder of Silver Mr. Adler graduated with honors
Eagle Advisory Group, has over from Union College with a B.S.
30 years of experience investing in Mechanical Engineering and
in, structuring/restructuring debt holds an M.B.A. from Columbia
instruments including commercial Business School. He is currently
real estate loans, CMBS, CLOs/ an adjunct professor at Columbia
CDOs, repurchase agreements, University’s Master’s in Real
corporate real estate facilities, Estate Development Program and
non-performing loan portfolios also sits on the Advisory Board of
(NPLs), and distressed debt Academy Securities.
across U.S and international
markets. Mr. Adler serves on the board
of Spark Youth NYC a nonprofit
Prior to Silver Eagle, Mr. Adler organization dedicated to
ran multi-billion-dollar commercial transforming the lives of New
real estate debt platforms at major York City children by identifying
Wall Street institutions in the US and providing crucial funding
and Asia including Citigroup and and operational support to
Deutsche Bank and most recently emerging innovative community-
founded Bentall GreenOak’s US based organizations that assist
debt platform. Over the past 4 underserved youth throughout
credit cycles, Mr. Adler has led New York City. He is also a board
multiple teams and managed all member of Teahing Matters,
elements of commercial real estate an organization that invests in
finance encompassing origination teachers and education leaders
of new business, loan negotiation so students from systematically
and structuring, loan syndications, marginalized communities have
risk management and regulatory the same access to excellent
compliance. Mr. Adler is widely teaching as students in affluent
respected as an industry expert, communities.
and is a frequent speaker and
press resource.MACRO
OVERVIEW
Where are we today? How will the U. S . economic recover y
and presidential elec tion inform strategy, sec tor positioning ,
development trends and investment theses throughout the
nex t cycle?
Moderated by Patrice Derrington,
Holliday Professor of Real Estate & Director,
Real Estate Program,
Columbia University GSAPP
Joe Zidle,
Managing Director & Chief Investment Strategist,
Private Wealth Solutions Group, Blackstone
Dr. Richard Barkham,
Executive Director & Global Chief Economist,
CBRE
THURS DAY 03 /25 10 : 0 0 AM - 10 : 45 AMPATRICE
DERRINGTON
Holliday Professor of Real Estate & Director,
Real Estate Program,
Columbia University GSAPP
Patrice Derrington is the Holliday Her teaching career began at
Associate Professor and Director Carnegie Mellon University and
of the Real Estate Development MIT, and has been supplemented
Program at Columbia GSAPP. with over 12 years of real
Prior, she taught for three years estate industry experience on
NYU’s Schack Institute of Real Wall Street where she worked
Estate. Derrington bridges the as an investment banker and
fields of education and real advisor to major individual and
estate, and brings significant institutional clients such as David
global experience as an executive Rockefeller, Keybank, and the
and board director of numerous Lower Manhattan Development
property companies to the critical Corporation.
tasks of educating students,
integrating academe and industry,
and building an innovative
knowledge base for the real estate
profession.
A recipient of the prestigious
Harkness Fellowship, Derrington
studied for her Ph.D. in
architecture/civil engineering
at the University of California,
Berkeley, adding to her Masters of
Business Administration from the
Harvard University, and a Bachelor
of Architecture degree with First
Class Honours and University
Medal from the University of
Queensland.MACRO
JOE
ZIDLE
Managing Director &
Chief Investment Strategist,
Private Wealth Solutions Group, Blackstone
Joe Zidle is a Managing Director Mr. Zidle holds a Bachelor of Arts
and the Chief Investment degree in Economics and History
Strategist in the Private Wealth from Emory University. From 1993
Solutions group. Previously, he to 2001, he served as a specialist
worked at Richard Bernstein in military intelligence for the U.S.
Advisors, an independent Army Reserves.
investment advisor, where he was
responsible for portfolio strategy,
asset allocation, investment
management and marketing to
major wealth management firms
and independent RIAs.
Zidle previously spent nearly a
decade at Bank of America Merrill
Lynch, most recently serving as
Head of Investment Strategy for
Global Wealth Management and
Deputy Director of the Research
Investment Committee, where he
was responsible for creating and
communicating global investment
strategies to the firm’s private
client division across all major
investment disciplines.OVERVIEW
THURS DAY 03 /25 10 : 0 0 AM - 10 : 45 AM
DR. RICHARD
BARKHAM
Executive Director &
Global Chief Economist, CBRE
Dr. Richard Barkham is a He has extensive consulting
specialist in macro and real estate experience and is a Visiting
economics. He joined CBRE in Professor in the Department
2014 as Executive Director and of Construction and Project
Global Chief Economist. Prior Management at the Bartlett
to taking up his position with School, University College
CBRE, Richard was a Director London. He holds a PhD in
of Research for the Grosvenor economics from the University of
Group an international business Reading where he taught, in the
with circa $10bn of capital under Departments of Economics and
management in real estate. Land Management, between the
years of 1987 and 1998.
He was also a non-Executive
Director of Grosvenor Fund
Management where he was
involved in fund strategy, risk
analysis and capital raising.
Richard is the author of two
books and numerous academic
and industry papers. In 2012
he published ‘Real Estate and
Globalisation’ (Wiley Blackwell,
Oxford), which explains the impact
on real estate markets of the rise
of emerging markets such as
China and Brazil.DEVELOPMENT
& INVESTMENT
NOW
What ’s get ting built , what ’s not , what should be , and how to get
it done to today ’s sideways world .
Moderated by John Jacobsson,
Executive Vice President of Capital Markets,
Related Companies
Andrew Holm,
Partner, Ares Management
Kevin Cullinan,
Managing Director, Head of Investments,
Mack Real Estate Credit Strategies
Craig Cogut,
Partner, Pegasus Capital Partners
Phillip Gesue,
’96 MSRED,
Chief Development Officer,
Strategic Capital
THURS DAY 03 /25 11: 0 0 AM - 11: 45 AMJOHN
JACOBSSON
Executive Vice President of Capital Markets,
Related Companies
John Jacobsson is Executive Mr. Jacobsson serves as Chairman
Vice President, Capital Markets, of the Board of Directors of HEAF,
of Related Companies. Mr. a comprehensive supplemental
Jacobsson is responsible education and youth development
for sustaining and building organization based in Harlem,
upon Related’s relationships New York. Mr. Jacobsson received
with the global institutional a Bachelor of Arts Degree, cum
investor community. In addition laude in East Asian Studies from
to sourcing debt and equity Harvard University.
for The Related Companies’
development projects and for
Related Fund Management’s
funds, Mr. Jacobsson pursues
new investment and business
opportunities.
Prior to joining Related in 2013,
Mr. Jacobsson was a partner
at Apollo Real Estate Advisors
(later known as AREA Property
Partners). Mr. Jacobsson joined
Apollo Real Estate at the time of
its founding in 1993 and was a
Partner and the leader of AREA’s
North America Opportunity Funds
business, overseeing opportunistic
investments in the U.S. and
Mexico. Mr. Jacobsson started his
career in real estate in 1990 as a
member of the acquisitions group
of Trammell Crow Ventures in
Dallas, Texas.DEVELOPMENT &
ANDREW
HOLM
Partner, Ares Management
Andrew Holm is a Partner in the Prior to joining Ares in 2013,
Ares Real Estate Group, where Mr. Holm was a Principal at
he serves as a Co-Portfolio AREA Property Partners, where
Manager of the U.S. opportunity he focused on sourcing and
funds and leads the group’s equity executing real estate investments
investment activities across the across asset classes for AREA’s
Northeastern and Mid-Atlantic equity and mezzanine debt
U.S. Additionally, he serves businesses. Previously, he was
as a member of the Ares Real an Analyst at Lazard in the real
Estate Group’s Global and U.S. estate investment banking group.
Development and Redevelopment Mr. Holm serves on the Board of
Fund II Investment Committees Trustees of the Ethical Culture
and the Ares Real Estate Fieldston School. Mr. Holm holds
Operating Committee. a B.A., summa cum laude, from
Harvard College in Government.INVESTMENT NOW
THURS DAY 03 /25 11: 0 0 AM - 11: 45 AM
KEVIN
CULLINAN
Managing Director, Head of Investments,
Mack Real Estate Credit Strategies
Kevin Cullinan is a Managing
Director of MRECS, Co-Head
of Credit Strategies and Head
of Investments. In this role, Mr.
Cullinan oversees a team of
investment professionals that
is responsible for sourcing,
underwriting, structuring and
executing new investments.
Mr. Cullinan is a member of the
MRECS Investment Committee.
Prior to joining MRECS in 2015,
he spent four years on the Global
Real Assets team at J.P. Morgan
Investment Management and
previously worked at a family office
in New York City and CBRE. Mr.
Cullinan earned his BBA with
a concentration in finance from
Loyola University of Maryland.DEVELOPMENT &
CRAIG
COGUT
Partner, Pegasus Capital Partners
Craig Cogut is Partner / Chairman Mr. Cogut is a thought leader
of the Board of Directors. within the ESG investing industry,
He founded Pegasus Capital and a frequent keynote speaker at
Advisors in 1996 and serves as industry conferences and events.
its Chairman and CEO. Pegasus In 1990 Mr. Cogut co-founded and
is a private alternative asset was one of the original partners at
management firm that places Apollo Advisors L.P., a position he
ESG principles at the core of held for six years prior to founding
its investment thesis. Under Mr. Pegasus. At Apollo, Mr. Cogut
Cogut’s leadership, Pegasus has was the principal transaction
been committed to producing architect of the investments in and
solutions for society’s greatest management of Vail Resorts, as
challenges, such as global climate well as the acquisition of Executive
change and resource scarcity, Life Insurance Company’s bond
by providing strategic growth portfolio.
capital to companies focused on
sustainability and human health Mr. Cogut has been active in
and wellness. philanthropy for many years, with a
focus on organizations committed
Pegasus was the first U.S. to improving education, building
private equity fund manager civil society and championing
to be accredited by the Green environmental and health issues.
Climate Fund (GCF), and Mr. Mr. Cogut is currently Chairman
Cogut has been a leader in of the Board of Directors of
Pegasus’s partnership with GCF HealthE, Inc. and Vice Chairman
and others to launch the Sub- of the Board of Directors of
National Climate Fund (SCF), a PanTheryx. He is an alumnus of
blended finance climate initiative Brown University and Harvard Law
aimed at making investments into School.
low-emission, climate resilient
solutions in under-served markets.INVESTMENT NOW
THURS DAY 03 /25 11: 0 0 AM - 11: 45 AM
PHILLIP
GESUE
’96 MSRED,
Chief Development Officer,
Strategic Capital
Phillip Gesue is the Chief Prior to joining the Witkoff Group,
Development Officer of Strategic he was Head of Global Real
Capital. In this capacity, Mr. Estate for Orient Express Hotels
Gesue has oversight of all of the (NYSE: Bel), a publicly traded
firm’s real estate development luxury hotel company. Earlier
activities including design, in his career, Mr. Gesue was
construction, finance, sales, a Director of Acquisitions and
and marketing. Mr. Gesue has a Development for Time Equities,
diverse background in real estate Inc, a New York-based real estate
development, acquisitions and investor-developer and also
finance. Over the past 20 years managed the acquisition and
he has managed the acquisition development of over 2,000 high-
and development of over 8 rise residential properties across
million square feet of real estate the Unites States for Crescent
projects throughout the U.S. and Heights, Inc.
internationally.
Mr. Gesue is a board member of
Prior to Strategic Capital, CSCEC Holding Company. He
Mr. Gesue was Executive received his master’s degree from
Vice President and head of Columbia University’s Graduate
development for The Witkoff School of Architecture and
Group in New York city where holds dual bachelors degrees
he supervised the acquisition in Business administration and
and predevelopment of a variety Economics from the University of
of condominium and hotel Pittsburgh.
investments in New York, Los
Angeles and Miami, including two
successful EB5 projects.DISRUPTURE
Volatilit y breeds creativit y, ef ficiency and oppor tunit y. Out of
the GFC , the sharing economy blossomed , func tionalit y lines
blurred , ever y thing bec ame “ SMART ” and moral c apit alism
evolved ( amongst many others ) . What trends will cease ,
which shall form and which shall ac celerate out of the Great
Lockdown?
Moderated by Zach Aarons,
‘13 MBA,
Co-Founder,
Meta Prop NYC
Thomas Hennessy,
Co-CEO, Proptech Investment Corporation II &
Managing Partner, Real Estate Strategies,
Hennessy Capital
Noah Greenburger,
CEO & Founder,
Merge Entertainment
Ryan Simonetti,
Co-Founder & CEO,
Convene
THURS DAY 03 /25 12 : 0 0 PM - 12 : 45 PMZACH
AARONS
‘13 MBA,
Co-Founder, Meta Prop NYC
Zach Aarons is a real estate Zach serves as an advisor to
developer and real estate tech several companies, including
investor. He is currently a project NMRKT, Flip (Techstars ’15),
manager for Millennium Partners, Ministore, MadeClose, Central
as well as the Co¬Founder and Standard Timing, and ProjectNine.
Partner of MetaPropNYC. He sits on the International Bitcoin
Zach began his professional Real Estate Association (IBREA)
career with a short stint in finance Board of Directors as the New
before shifting his focus to small York City Chapter Chair.
business consulting with Apostate Zach graduated magna cum
Partners. In the same period, he laude from Brown University with
founded and served as CEO for a Bachelor’s in Ancient Studies
TravelGoat, a travel information in 2005 and Columbia Business
website, mobile app, and tour School with an MBA in 2013.
company.
While pursuing his studies at
Columbia, he served as a Senior
Associate for ENIAC Ventures, a
VC fund focused exclusively on
mobile technologies. In 2013,
he took on his current role of
Project Manager for Millennium
Partners, for which he focuses
on real estate development in the
Hollywood and San Francisco
markets. In June 2015, he
co¬founded MetaPropNYC, a
real estate technology accelerator
program.THOMAS
HENNESSY
Co-CEO, Proptech Investment Corporation II &
Managing Partner, Real Estate Strategies,
Hennessy Capital
Thomas D. Hennessy has served executed over $475 billion of
as our Co-Chief Executive Officer, equity commitments to U.S.
President and a director since acquisitions and developments
inception. He currently serves and over $435 million of limited
as Co-Chief Executive Officer, partner equity commitments to
President and a director of opportunistic real estate equity
PropTech Acquisition Corporation, funds, real estate credit funds,
or PTAC, a special purpose and real estate technology venture
acquisition company targeting capital funds. Mr. Hennessy also
businesses in the real estate created and led ADIA’s PropTech
technology industry, which in investment mandate, which
July 2020 announced the entry included committing equity to
into a definitive agreement for an PropTech. From January 2011
initial business combination with to April 2014, Mr. Hennessy
Porch, which is currently expected served as an associate at Equity
to close in the fourth quarter of International Management LLC, an
2020. opportunistic real estate private
equity fund founded by Sam Zell,
Mr. Hennessy has served as where he evaluated investments
the Managing Partner of Real and structured equity investments
Estate Strategies of Hennessy in real estate operating platforms
Capital LLC since July 2019. in emerging markets. From
From September 2014 to July September 2009 to January
2019, Mr. Hennessy served as 2011, Mr. Hennessy served as an
a Portfolio Manager of ADIA, associate for CERES Real Estate
the largest global institutional Partners LLC, a private investment
real estate investor, where he management company.
was responsible for managing
office, residential, and retail Mr. Hennessy holds a B.A. degree
assets in the U.S. totaling over from Georgetown University and
$2.1 billion of net asset value or an M.B.A. from the University
$5.0 billion of gross asset value. of Chicago Booth School of
While at ADIA, Mr. Hennessy Business.DISRUPTURE
THURS DAY 03 /25 12 : 0 0 PM - 12 : 45 PM
NOAH
GREENBURGER
CEO & Founder,
Merge Entertainment
Noah Greenburger comes from
a real estate / finance background
with a focus today on technology
and how it’s shaping our future.
From his first investments in
Tesla motors at 13 Noah’s been
fascinated at being at the forefront
of disruptive technology markets.
Today he comanages his family
office’s non real estate investment
portfolio (although he has some
involvement in the real estate side
of the business as well).
Currently, he’s investing in
everything from Esports to AI
drones as well as REITs, social
media companies, cryptocurrency,
and even data powered
counterterrorism. As of last year
Noah has also founded his own
next gen search engine startup,
currently entering beta in the next
few months which seeks to disrupt
the way users currently access
content and services across app
platforms.DISRUPTURE
THURS DAY 03 /25 12 : 0 0 PM - 12 : 45 PM
RYAN
SIMONETTI
Co-Founder & CEO,
Convene
Ryan Simonetti is the CEO Best Workplace by both Inc. and
and co-founder of Convene, Fortune Magazine. Ryan has been
the premium work experience recognized for his transformative
platform with 25+ meeting, event, achievements on Real Estate
and workplace locations, and a Forum’s 50 Under 40 list, Inc.
Virtual Meetings product. His Magazine’s “30 Under 30,” a
unique expertise in real estate list of America’s Most Promising
acquisitions, development, and Young Entrepreneurs, was named
structured finance has helped “Top Entrepreneur” by Crain’s
catapult Convene to become a New York, and a finalist in Ernst
pioneer in the commercial real & Young’s Entrepreneur of the
estate industry. Year® New York Awards.
Ryan co-founded Convene Ryan, the first in his family to
in 2009 with the intention of attend college, graduated from
disrupting the commercial real Villanova University, where he
estate industry and transforming developed the concepts for and
the workplace experience by ran several “start-up” companies
capitalizing on converging trends designed for students. His
in real estate, technology, and professional career began as a
hospitality. His vision - to infuse real estate banking analyst in the
hotel-style services into meetings, global real estate group at Lehman
events and flexible office spaces Brothers, where he focused on
- has been Convene’s guiding the structuring and securitization
force for the last 11 years, during of commercial mortgage-backed
which they have expanded to 25+ securities. Following Lehman
locations across the US and UK. Brothers, Ryan joined Gramercy
Capital Corp. as a vice president
With Ryan at the helm, Convene where he was responsible for the
has raised $410M in funding to restructuring of a billion dollar loan
date, and has been named one portfolio including $600 million
of America’s 100 Most Promising of hospitality related real estate
Companies by Forbes and a investments.FOREBEAR &
A PRAYER
What are the oppor tunities now, and over nex t 24-36 months
as distress builds , workout s reign supreme , sponsors /asset s
remain impaired , and dr y powder is at record levels .
Moderated by Ed Adler,
Co-Founding Partner,
Silver Eagle Advisory Group
Bob Ricci,
Senior Managing Director,
LoneStar America
Matt Borstein,
Partner,
Oak Hill Advisors
Robert Verrone,
Principal Owner & Founder,
Ironhound Management Company, LLC
FRIDAY 03 /26 10 : 0 0 AM - 10 : 45 AMBOB
RICCI
Senior Managing Director,
LoneStar America
Bob Ricci joined Lone Star in investing in CMBS, mezzanine
January 2009 and is a Senior loans, sub/non-performing loans,
Managing Director responsible for and conduit lending. Mr. Ricci
originating commercial real estate spent five years in commercial real
investments in North America. He estate loan workouts during the
has headed the region since 2014. last downturn of the early 1990s.
During his tenure, Mr. Ricci has
been responsible for originating Mr. Ricci holds a Bachelor of
over $5.5 billion of investments, Science degree from Bates
in both direct equity and debt, College and an M.B.A. in Finance
with significant focus multifamily, from Washington University.
and also including office, retail, Mr. Ricci is also a CFA®
manufactured housing, and Charterholder.
lodging.
During his thirty year career in
commercial real estate, he has
developed a strong background in
principal investing, capital markets
and fixed income, workouts, and
risk management.
Prior to joining Lone Star, Mr.
Ricci was at Wachovia Securities
for nine years, most recently as
a Managing Director responsible
for Traded Commercial Real
Estate (e.g. CMBS Trading,
Securitization, Repo, Loan
Distribution, and European Real
Estate). Prior to joining Wachovia
in April 2000, Mr. Ricci spent
three years on the buy-sideFOREBEAR &
ROBERT
VERRONE
Principal Owner & Founder,
Ironhound Management Company, LLC
Robert Verrone is the principal Loan Group, which grew to over
owner and founder of Iron Hound $20 billion in loan originations
Management Company, LLC. by 2007. He started his career at
He has more than thirty years of Bear Stearns, where he spent four
experience in commercial real years in their Commercial Real
estate. Estate Group.
Verrone started Iron Hound in Verrone received a Bachelor
2009. Verrone and Iron Hound of Arts degree from Moravian
serve as real estate advisors College.
specializing in commercial loan
restructuring, as well as, debt
and equity placements. Since
its formation, the company
has completed more than $25
Billion dollars in Restructure
assignments and brokered more
than $20 Billion in debt and equity
assignments. The Company is
actively engaged on more than
forty assignments in excess of $6
Billion.
Prior to founding Iron Hound,
Verrone was a Co-Head in
Wachovia’s Real Estate Group
where he had management
responsibility for approximately
600 employees and oversaw a
debt portfolio valued in excess
of $80 billion. Before that, in
2002, Verrone formed, developed
and managed Wachovia’s LargeA PRAYER
FRIDAY 03 /26 10 : 0 0 AM - 10 : 45 AM
MATT
BORSTEIN
Partner,
Oak Hill Advisors
Matt Borstein has portfolio
management responsibilities
for commercial real estate
investments. Prior to joining OHA,
Mr. Borstein was Global Head
of Commercial Real Estate at
Deutsche Bank where he oversaw
a $30 B real estate portfolio. Mr.
Borstein also served as Head of
Global Financing & Credit Trading
in the Americas at Deutsche Bank.
Mr. Borstein received a B.A. from
Emory University.URBAN
RESET
How do communities work to reposition and emerge
suc cessfully in a post C ovid landsc ape? Cit y / Developer
dynamic . Evolution is ongoing , though is this a hard reset?
How do nex t 1 - 3 - 5 years play out?
Moderated by Kate Ascher,
Millstein Professor of Urban Development,
Columbia University
Ernst Valery, ’04 MSRED,
Co-Managing Member,
SAA|EVI Development
Cecily King ’15 MSRED,
Founder,
Kipling Development
Cecilia Kushner,
Executive Vice President, Planning,
NYCEDC
FRIDAY 03 /26 11: 0 0 AM - 11: 45 AMKATE
ASCHER
Millstein Professor of Urban
Development , C olumbia Universit y
Kate Ascher holds the position She has previously held positions
of Milstein Professor of Urban at the Port Authority of NY and
Development at Columbia’s NJ, PWC and the NYC Economic
Graduate School of Architecture, Development Corporation,
Preservation and Planning, where she oversaw a variety of
where she teaches real estate, multi-jurisdictional planning and
infrastructure and urban implementation efforts involving
planning courses. She is the the transportation, energy, and
author of several books on real estate industries as well as
NYC development, municipal community and environmental
infrastructure, buildings and the advocates.
delivery of municipal services.
In addition, Kate leads an urban
planning practice, and consults
on a wide range of complex
development and economic
development projects.URBAN
ERNST
VALERY
‘04 MSRED
Co-Managing Member, SAA|EVI Development
Ernst Valery is a co-managing in budget planning, design
member of SAA | EVI and development, marketing, and
shares overall responsibility for the supervision and guidance
the day-to-day operations and of contractors, architects and
execution of SAA | EVI projects engineers. He is responsible for
and relationships. Mr. Valery the securing and structuring of
has successfully invested in and financing, including expertise
developed real estate in Maryland; in securing Historic and New
Washington, D.C.; Pennsylvania; Markets tax credits.
Virginia; California; and New York.
For the past 16 years, he has Mr. Valery is also active in social
been involved with development entrepreneurship and volunteer
projects ranging from mixed-use, work, including a collaboration
multi-tenant rental properties, with a team of professionals and
single-family renovations and graduates from the Massachusetts
condominium conversions. Institute of Technology Community
Innovators Lab (MIT CoLab)
Mr. Valery is the founder and as well as efforts at incubating
president of SAA | EVI affiliate businesses around the world that
Ernst Valery Investments Corp. help alleviate poverty and increase
(EVI), a private, minority- the earning potential of low
owned real estate investment income individuals, families, and
firm established in 2001. EVI communities. Mr. Valery graduated
invests in select underserved from Columbia University’s Master
and undervalued key emerging of Science program in Real Estate
domestic real estate markets, Development. He also obtained a
defined as urban transitional Master’s Degree in Policy Analysis
areas with high residential and and Public Administration and a
retail demand. He has extensive Bachelor of Science degree in
experience in affordable and Urban and Regional Planning with
market rate housing development a concentration in International
and investment, including Relations, both from Cornell
providing due diligence University.
capabilities and extensive skillsRESET
FRIDAY 03 /26 11: 0 0 AM - 11: 45 AM
CECILY
KING
‘15 MSRED
Founder, Kipling Development
Cecily King is a real estate As a consultant, she specializes
developer and consultant focused in financial analysis, underwriting,
on residential development and large-scale development
opportunities in Detroit, MI and strategies. As a developer, she
NJ urban centers. During the last primarily focuses on residential
5 year of her career she has been development, pursuing both
involved in cultivating $500M of new construction and value-
real estate development projects add rehabilitation opportunities
in Detroit. with an emphasis on creating
opportunities for ownership.
She was appointed as a
Development Director for the Cecily earned her MS in Real
City of Detroit’s Housing & Estate Development from
Revitalization Department where Columbia University and holds
she was responsible for cultivating engineering degrees from Lehigh
a pipeline of multifamily and mixed- and Princeton. She sits on several
use projects and negotiating Boards and advisory committees
public investment in them. She including serving as Treasurer for
formally launched her own real the Association of Black Princeton
estate development and consulting Alumni.
practice in 2018.URBAN
RESET
FRIDAY 03 /26 11: 0 0 AM - 11: 45 AM
CECILIA
KUSHNER
Executive Vice President, Planning,
NYCEDC
Cecilia Kushner is the Executive Cecilia received her bachelor’s
Vice President for the Planning degree from La Sorbonne and
Division at NYCEDC where she holds a master’s degree in Historic
leads large multidisciplinary Preservation from The Bartlett
teams to deliver on some of the School of Planning at University
most complex urban planning and College London, and a master’s
development projects in New York degree in City Planning from
City. As part of her role, Cecilia Hunter College, where she has
oversees $1 billion of active taught Planning as an adjunct. She
projects geared towards delivering lives in Brooklyn with her husband
infrastructure and amenities and and two children.
improving quality of life for New
Yorkers across the five Boroughs.
Prior to NYCEDC, Cecilia served
in various senior roles at the NYC
Department of City Planning,
where she led efforts in Coney
Island and formulated some of the
first resiliency land use policies for
the New York City coastline. Prior
to DCP, Cecilia lived in London
and Paris, where she worked as an
urban planner for English Heritage
and the City of Paris.CEOS SPEAK -
NAVIGATING
A CRISIS
Moderated by Amir Korangy,
Founder & Publiser,
The Real Deal
Michael D. Fascitelli,
Co-Founder & Managing Partner,
Imperial Companies; Founder, MDF Capital
Amy Price,
President,
BentallGreenOak
Richard J. Stockton,
Chief Executive Officer & President,
Braemar Hotels & Resorts
Jonathan Rose,
President,
Jonathan Rose Companies
FRIDAY 03 /26 12 : 0 0 PM - 12 : 45 PMAMIR
KORANGY
Founder & Publisher, The Real Deal
Amir Korangy is the founder Explorers honored him with a
and publisher of The Real Deal, Leadership Award for his work
the country’s largest and most with underprivileged inner-city
influential real estate news outlet children. In 2014, he received a
and a top destination for real Child’s Champion Award from the
estate and finance professionals Ronald McDonald House New
from across the globe. Korangy York for his support of families of
is a sought-after expert on the seriously ill children. Most recently
real estate industry and a regular in 2016, Korangy was recognized
contributor to the New York Times, as the Media Man of the Year by
Forbes, CNN, CNBC, FOX News, Mt. Sinai Hospital for his work with
and Bloomberg News. the Varadi Ovarian Initiative for
Cancer Education.
Under Korangy’s leadership, The
Real Deal has received prestigious In addition to his work at The
awards from the Society of Real Deal, Amir Korangy is
Business Editors and Writers, an Associate Professor at the
the National Association of Real Columbia School of Architecture.
Estate Editors, the Society of He is also a Senior Fellow and
Professional Journalists, and more. Adjunct Professor at New York
As an individual, Karangy has University’s Schack Institute
made the New York Observer’s of Real Estate, where he
Power 100 list, been named teaches Real Estate Media and
Entrepreneur of the Year by the Information.
Young Jewish Professionals, and
selected by Inman News as one of Korangy is a graduate of Emerson
the 100 most influential real estate College and the producer
leaders in real estate. of “Building Stories,” a PBS
documentary about prolific
Korangy has also been repeatedly architect Costas Kondylis.
recognized for his volunteer and Korangy lives in Manhattan,
philanthropic efforts. In 2009, but secretly wishes he still
the Boy Scouts of America lived in Brooklyn.CEOS SPEAK -
MICHAEL D.
FASCITELLI
Founder, MDF C apit al
Michael D. Fascitelli is the He is a former Commissioner of
Founder of MDF Capital LLC The Port Authority of New York
and Co-Founder and Managing and New Jersey. Mr. Fascitelli
Partner of Imperial Companies. holds an MBA, with highest
Mr. Fascitelli previously served distinction, from Harvard Business
as President and Chief Executive School and a B.S. in Industrial
Officer of Vornado Realty Trust as Engineering, Summa Cum Laude,
well as President of Alexander’s from the University of Rhode
Inc. He continues to serve as a Island.
Trustee of Vornado Realty Trust.
Prior to joining Vornado, he was a
Partner at Goldman, Sachs & Co.
Currently, he is a Trustee of
Invitation Homes, as well as
Chairman of the Investment
Committee and Board Member
of Cadre, Board Member at Child
Mind Institute, The Rockefeller
University and Urban Land
Institute.NAVIGATING A CRISIS
FRIDAY 03 /26 12 : 0 0 PM - 12 : 45 PM
AMY
PRICE
President , Bent allGreenOak
Amy Price is President of Amy is a member of the Global
BentallGreenOak (BGO). In her Board of Directors of Urban
role, Amy also co-heads the firm’s Land Institute (ULI), a member
U.S. Investment Management of the Board of Directors and
business and oversees its Chair Emeritus of NAREIM, and a
Canadian Investment Management member of the Board of Directors
and Real Estate Services of AFIRE. She is also involved
businesses. Amy is a member in philanthropic endeavors, as a
of the Management Committee, member of the Board of Directors
chairs the U.S. Investment of the YMCA of San Francisco,
Committee for the firm’s core, the National Charity League with
core plus and separate account her daughter, and Service Corp
clients, and co-chairs the U.S. with her son.
Management Committee. Amy
also leads BGO’s equity, diversity Amy holds an MBA with
and inclusion (EDI) initiatives distinction from the University of
globally and chairs the firm’s EDI Pennsylvania’s Wharton School
Leadership Council. and graduated magna cum laude
from Colgate University.
Prior to joining the firm in 2012,
Amy was a managing director
and head of real estate investing
for the western U.S. at Morgan
Stanley, where she was an
Investment Committee member,
and built the real estate investment
management business in San
Francisco. Amy also spent time in
Morgan Stanley’s New York and
Hong Kong offices.CEOS SPEAK -
RICHARD J.
STOCKTON
CEO & President ,
Braemar Hotels & Resor t s
Richard J. Stockton is the Chief While there, he worked in offices
Executive Officer and President of in New York, London, Singapore,
Braemar Hotels & Resorts (BHR). and Hong Kong. He is a dual
Braemar is a NYSE publicly listed citizen of the US and the United
REIT based in Dallas with over Kingdom. He received a B.S.
$1.7Bn invested in luxury hotel from the Hotel School at Cornell
assets across the US and the University in 1992 and an M.B.A.
Caribbean. from The Wharton School at the
University of Pennsylvania in 1997.
Previously, Richard worked
as Global Co-Head and Chief
Operating Officer for the $1Bn
real estate business of CarVal, a
division of Cargill. He also held the
position of Chief Executive Officer
of the Americas for OUE Limited
(“OUE”). While at OUE, he led the
acquisition and redevelopment of
the US Bank Tower in downtown
Los Angeles. Previously, Richard
was a Managing Director at
Morgan Stanley for 16 years,
including serving as the Head
of Real Estate Banking for their
investment banking business
in Asia and the EMEA (Europe,
Middle East and Africa).NAVIGATING A CRISIS
FRIDAY 03 /26 12 : 0 0 PM - 12 : 45 PM
JONATHAN
ROSE
President , Jonathan Rose C ompanies
Jonathan Rose’s business, The firm’s innovative development,
public policy and not-for-profit planning, investment, and
work all focus on creating more owners representation work
environmentally, socially and has won awards from a wide
economically resilient cities. range of notable organizations
In 1989, Mr. Rose founded including: the Urban Land
Jonathan Rose Companies LLC, Institute, the National Trust for
a multi-disciplinary real estate Historic Preservation, the Natural
development, planning, and Resources Defense Council, the
investment firm, which creates American Planning Association
real estate and planning models and the American Institute of
to address the challenges of the Architects. Mr. Rose frequently
21st century. Jonathan has lead lectures on affordable housing,
the firm’s vision, program and community development, smart
growth, developing award winning growth and the environment.
new projects, investment funds
and city plans to model solutions Mr. Rose’s book on how to create
to the issues of housing, economic resilient cities, The Well-Tempered
development and the environment. City: What Modern Science,
Ancient Civilizations and Human
The company’s mission is to Nature Teach Us About the Future
develop communities that enhance of Urban Life, was published by
opportunity for all. The firm’s Harper Wave in 2016, and won
work touches many aspects of the 2017 PROSE Award for
community health; working with Outstanding Scholarly Work by a
cities and not-for-profits to build Trade Publisher.
affordable and mixed-income
housing, cultural, health and Mr. Rose graduated from Yale
educational infrastructure, and University in 1974 with a B.A. in
advocates for neighborhoods to Psychology and Philosophy, and
be enriched with parks and open received a Masters in Regional
space, mass transit, jobs and Planning from the University of
healthy food. Pennsylvania in 1980.COLUMBIA GSAPP SPRING 2021 ARCH .COLUMBIA . E DU # COLUMBIAGSAPP
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