“Flood of Capital” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on November 5, 2015 at The University of Chicago, Gleacher Center, Chicago, IL. The Ninth Annual Real Estate Conference 2015.
Sponsored by Latham & Watkins LLC, LW.com (Providing strategic thinking and senior-level attention for innovative solutions to organizations’ 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.) Equity Commonwealth, eqcre.com (Providing long-term value and aligning the interests of all stakeholders.) Ventas, Inc., VentasREIT.com (Providing superior long-term returns with assets and management of a portfolio of seniors housing communities, medical office buildings, skilled nursing facilities, hospitals and other properties.)
Panelists include: Brian Finerty ’03, Senior Vice President, Equity International, Katherine (Katy) Gnapp ’89, Head of Commercial Real Estate Banking, Bank of America Merrill Lynch, Drew Ierardi ’09, Senior Portfolio Manager-Private Markets, Exelon, David R. Schwartz ’90, CEO, Co-Chairman, and Co-Founder, Waterton Residential, Seth Singerman, Managing Principal, Singerman Real Estate, LLC, and Moderator, Mary K. Ludgin, Managing Director-Director of Global Investment Research, Heitman.
Brian Finerty co-leads the Company's investments group. Mr. Finerty and the team are responsible for originating, executing and managing investments. He is a director of various portfolio companies including Terranum Corporate Properties, Decameron Hotels and Resorts, Grupo Tha and The Redwood Group. Previously Mr. Finerty had been with Madison Dearborn Partners and Merrill Lynch.
Katy Gnapp is responsible for the client management team delivering BoA’s products and services to commercial real estate and community development bank clients across the country. Based in Chicago, IL, Ms. Knapp manages 13 market teams which provide banking and advisory services to over 2,000 real estate clients. Ms. Knapp has been with Bank of America and related subsidiaries and predecessor institutions since 1982. She previously held various regional positions in CREB (Calgary Real Estate Board).
Drew Ierardi is responsible for investing the global real estate and real estate assets segments of Exelon's $15 billion pension and $10 billion nuclear decommissioning trust portfolios. Additionally, he coordinates Exelon's investment strategy in emerging markets across asset classes. Prior to joining Exelon, Mr. Ierardi was with Guggenheim Investment Advisors, a division of Guggenheim Partners, and at Morgan Creek Capital Management.
David Schwartz co-founded Waterton Associates LLC with Peter Vilim in 1995 and serves as CEO and Co-chairman. Mr. Schwartz along with Mr. Vilim, shares the ultimate responsibility for Waterton's business activities and operations, including the management of both Waterton affiliates, Waterton Residential and Ultima Hospitality. Mr. Schwartz participates on Waterton's executive, management and investment committees. He had been with Equity Residential Properties Trust and with AMLI Realty Co.
Seth Singerman is the President and Managing Principal of Singerman Real Estate, LLC (“SRE"), an opportunistic real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. SRE focuses on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes, including office, retail, hotel, and multifamily, in addition to secondary real estate asset classes, such as student housing and senior housing. Mr. Singerman has led and sourced direct investments in properties and performing and nonperforming loans with value in excess of $2.0 billion across all major real estate asset classes. He had been with GEM Realty Capital.
Mary Ludgin is a partner of Heitman and holds a seat on its investment, valuation and global management committees. Ms. Ludgin is the author of numerous articles and research studies related to real estate market conditions, portfolio diversification, and investment strategy.