“Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014.
Sponsored by Latham & Watkins LLC, LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.)
Capital Markets Panel moderated by Bruce R. Cohen (1989), CEO, Wrightwood Financial with discussions by Michael J. DeMarco (1987) Former Chief Investment Officer, Cantor (Fitzgerald) Commercial Real Estate; Tim Podboy, Vice President, Heitman; Eugene Gorab (1989), President and CEO, Greenfield Partners; and, David A. Helfand (1990), President and CEO, Commonwealth.
Bruce Cohen is CEO of Wrightwood Financial, a real estate finance and investment company. They are focused on providing project and entity level capital, primarily debt related, for owners and operators of real estate in the U.S. and are responsible for all of the remaining assets of its predecessor company, Wrightwood Capital.
Mr. Cohen earned a master’s degree from the University of Chicago Booth Graduate School of Business and a bachelor's degree from Tufts University. He serves as a member of the Board of Directors of Erdmann, a preeminent provider of healthcare facilities, as well as the Real Estate Advisory Boards of the Real Estate Alumni Group at the University of Chicago Booth School of Business and at the Kellogg Graduate School of Management at Northwestern University. He is also a member of the Economic Club of Chicago, the Urban Land Institute, the Pension Real Estate Association and the Commercial Real Estate Finance Council.
Mike DeMarco was an Executive VP with Vornado Realty Trust handling acquisitions and dispositions. One of his assignments was the restacking of the Merchandise Mart to include Motorola Mobility new world headquarters for 600,000 sq ft. Prior to VNO Mr. DeMarco was a partner in the private equity business of Fortress Investment Group focusing on real estate investments in North America. Mr. DeMarco spent 20 years as a leading real estate banker with Lehman Brothers and First Boston, an early founder of the CMBS business. He graduated in1987 from the University of Chicago MBA program, earned a CPA and is a 1981 graduate of Pace University with a BBA in Accounting and a Minor in History.
Tim Podboy works for an impressive Chicago-based global real estate investment company with over $27.1 billion in assets. While Heitman’s primary line of business is private real estate equity with $24.2 billion of assets under management, Tim is in the real estate debt group with $0.5 billion under management. Tim seeks to provide structured senior debt, mezzanine debt and preferred equity capital for acquisitions, recapitalizations, and new developments.
Gene Gorab founded Greenfield Partners, LLC and is responsible for managing the overall strategic direction of the firm, including capital formation, investments, and asset management. When its ninth co-mingled fund is complete (Greenfield Acquisition Partners VI, LP), Greenfield partners will have secured equity commitments in excess of $5 billion from leading institutional and individual investors to its investment vehicles.
Mr. Gorab earned a BS in Chemical Engineering from Bucknell University in 1985, and an MBA from the University of Chicago in 1989. He is an active member of ULI, PREA, and the Real Estate Roundtable, a Trustee of Bucknell University, and a Board Member of The Appalachia Service Project.
Mr. David Helfand serves as a Co-President at Equity Group Investments and also devotes a substantial amount of time to the Zell Opportunities Funds. Prior to rejoining EGI in 2012, Mr. Helfand served as the President, Founder, and Chief Executive Officer at Helix Funds.
Mr. Helfand earned a master’s degree from the University of Chicago Booth Graduate School of Business and a bachelor's degree from Northwestern University. Mr. Helfand serves as a member of the Board of Trustees and Executive Committee of National Louis University and is a Director of the Ann & Robert H. Lurie Children's Hospital of Chicago. He also serves on the Board of Visitors at the Weinberg College of Arts and Sciences at Northwestern University and on the Executive Committee of the Zell/Lurie Real Estate Center at The Wharton School.