IREI : LIVE | Real Estate Debt

Tuesday, March 29, 2022 - Evaluating fundamentals of real estate debt and investing options
10:00 a.m.	Welcome and Overview
10:05 a.m.	Part 1: Fundamentals of real estate debt and senior debt strategies What is the role of real estate debt within a diversified investment portfolio? How has the opportunity set evolved over time, and where is it going? How have credit standards and returns changed in the sector during the past five years? A look at the different approaches to senior debt strategies Speaker(s) and Panelist(s): Chase McWhorter Managing Director, Americas and Infrastructure, Institutional Real Estate, Inc. Peter Crosson Chief Real Estate Portfolio Manager, Alaska Electrical Pension Fund Ronnie Gul Principal, Mesa West Capital David Maki Senior Managing Director, Heitman Charlie Rose Managing Director, Portfolio Manager, Invesco Real Estate
11:10 a.m.	Break
11:20 a.m.	Part II: Fundamentals of high-return real estate debt strategies including senior loan, B-note and mezzanine strategies What should you look to when evaluating a real estate debt manager? With elevated market volatility and a rising rate environment, what are the risks and opportunities for real estate debt investors? Different approaches to high-return strategies, including senior loans, B-notes and mezzanine Examine the risks and benefits of various leverage strategies, including warehouse/repo facilities, selling an A note, and CRE CLO financing Speaker(s) and Panelist(s): Chase McWhorter Managing Director, Americas and Infrastructure, Institutional Real Estate, Inc. Michael Comparato Head of Real Estate, Benefit Street Partners Tom Hester Managing Director, StepStone Group Real Estate Colin Hill Senior Vice President, Real Estate Consultant, Meketa Investment Group Adam Tantleff Managing Principal, Madison Realty Capital
12:20 p.m.	Wrap Up Summary
12:30 p.m.	Adjourn

Moderator:

Chase McWhorter
Managing Director, Americas and Infrastructure
Institutional Real Estate, Inc.

Chase McWhorter serves as Managing Director of Institutional Real Estate Americas and Institutional Investing in Infrastructure for Institutional Real Estate, Inc. (IREI), an industry-leading publication focused on meeting the information needs of the institutional real estate community. In this capacity, he is responsible for global business development and client service focused on publication sponsorships, while also leading the recruitment of top institutional investors who serve on the Editorial Advisory Board of Institutional Real Estate Americas with the publication’s sponsors. McWhorter has more than 10 years’ experience in the real assets investment industry. McWhorter is a graduate of the University of Southern California, receiving a B.S. in Public Policy, Planning and Development, while also winning three Pac-10 Championships and two Rose Bowls as a member of the USC Trojan football team.

Panelists:

Michael Comparato
Head of Real Estate
Benefit Street Partners

Michael Comparato is a managing director with Benefit Street Partners and the head of real estate for BSP. Prior to joining BSP in 2015, Comparato was head of U.S. equity investments at Ladder Capital, where he led Ladder’s largest team that actively originated CMBS loans, structured/balance sheet loans and mezzanine loans, and acquired strategic assets for the firm. Prior to joining Ladder, Mr. Comparato was president of BankAtlantic Commercial Mortgage Capital, the CMBS affiliate of BankAtlantic, where he was responsible for managing all day-to-day operations. Comparato also previously ran Compson Holding Corp., which made various equity investments in multiple different commercial real estate assets and publicly traded REITs. Comparato received a Bachelor of Science, summa cum laude, from Babson College.

Peter Crosson
Chief Real Estate Portfolio Manager
Alaska Electrical Pension Fund

Peter Crosson has 34 years of experience as Chief Real Estate Investment Officer and has been responsible for the design and implementation of the current real estate investment program at the Alaska Electrical Pension Fund. Raised in Alaska, Crosson majored in real estate and land management at the University of Colorado and graduated with a B.S. in business administration.

Ronnie Gul
Principal
Mesa West Capital

Ronnie Gul is a principal at Mesa West Capital, where he co-heads West Coast originations, including overseeing the firm’s regional offices in Chicago and     San Francisco. Prior to joining Mesa West in 2005, Gul spent four years in business development at media firms backed by NBC and Universal Pictures, and co-founded a general-interest magazine. His real estate experience includes the acquisition and management of multifamily properties. Gul received a bachelor’s degree in economics with Phi Beta Kappa honors from UCLA and an MBA from the UCLA Anderson School of Management. Gul is past president of the UCLA Ziman Real Estate Alumni Group.

Tom Hester
Managing Director
StepStone Group Real Estate

Tom Hester is a member of StepStone’s real estate team and focuses on various investment and client portfolio management activities, as well leading the U.S. credit sector team. He is also a member of the firm’s responsible investing initiative task force.

Colin Hill
Senior Vice President, Real Estate Consultant
Meketa Investment Group

A senior vice president of Meketa, Colin Hill is a consultant in the Private Markets Group, focusing on real estate. He has 19 years of real estate investment experience. Prior to joining Meketa in 2021, he managed the real estate fund portfolio for Cigna’s General and Pension accounts. Before leading the fund management team, Hill had roles in acquisitions and asset management. Prior to joining Cigna’s investment team, he worked in benefits and defined contribution administration. Hill holds an M.B.A. and a B.S. in marketing from Quinnipiac University. He is an active participant with industry organizations such as PREA and IREI.

David Maki
Senior Managing Director
Heitman

David is a senior managing director and Co-Head of Heitman’s Real Estate Debt group. He is an equity owner of the firm and a member of the firm’s Board of Managers and Debt Investment Committee. David is also the portfolio manager for Heitman Real Estate Debt Partners II and Heitman Core Real Estate Debt Income Trust, as well as other separate accounts. Additionally, he oversees Heitman’s global capital markets. Prior to joining Heitman, David held roles with RREEF, LaSalle Bank Corporation, and Wells Fargo Bank. He received a bachelor of technology in architecture from Ryerson University and an M.B.A. from the University of Michigan.

Charlie Rose
Managing Director, Portfolio Manager
Invesco Real Estate

Charlie Rose is a managing director and portfolio manager at Invesco Real Estate. He is responsible for growing and managing the commercial real estate credit lines of business. In his role as managing director, he is primarily focused on the strategic and transactional side of structured credit investments related to commercial and multifamily real estate, with an immediate focus on the United States. Rose plays a leading role in initiatives related to sourcing and structuring new debt originations, managing external relationships, monitoring existing investments, and investor relations. He began his investment career in 2003 and joined Invesco Real Estate in 2017. Prior to joining Invesco, Rose served as managing director for Canyon Partners Real Estate, where he was responsible for leading the execution of Canyon’s real estate direct investing strategy in the western United States. Prior to Canyon, Rose worked for Pacific Urban Residential in capital markets and multifamily acquisitions. He started his career with Rosen Consulting Group, where he was vice president, responsible for national real estate market research, covering the office, retail, industrial and residential sectors. Rose holds a Bachelor of Arts from Stanford University and a Master of Business from The Wharton School of the University of Pennsylvania.

Adam Tantleff
Managing Principal
Madison Realty Capital

Adam Tantleff is a managing principal of Madison Realty Capital. During his tenure, the firm has raised more than $4 billion in equity commitments for both debt and equity products. Tantleff has expanded Madison’s institutional investor base to include sovereign wealth funds, public and corporate pension funds, insurance companies, union funds, endowments and foundations, family offices, and private clients. Investors in Madison’s funds include limited partners from the United States, the Middle East, Europe, Asia and Australia. In 2018, Tantleff was recognized by PERE in their inaugural 30 Rainmakers List as one of the 30 most influential real estate capital raisers globally.

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Franklin Templeton – Benefit Street Partners

Heitman

Invesco Real Estate

Madison Realty Capital Advisors, LLC

Mesa West Capital

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