• Examining the real estate private equity industry
• Analyzing the risk and return in the current market and overcoming the competition
• Discussing cap rates and the industry’s long-term outlook
• Avoiding the most common pitfalls for money managers
• Analyzing tax, accounting and market developments

Peter J. Sotoloff
Principal
THE BLACKSTONE GROUP

Paul Fox
Managing Director
CERBERUS REAL ESTATE CAPITAL MANAGEMENT

Nancy Lashine
Founding Partner
PARK MADISON PARTNERS LLC

Paul M. Fried
Principal
AFC REALTY CAPITAL

Jeffrey Barclay
Managing Director
ING CLARION

Peter Palandjian
Chairman and CEO
Intercontinental Real Estate Corporation

Dr. Sam Chandan
Chief Economist and Senior Vice President
REIS

Moderator:
Andrew A. Lance
Partner
Gibson, Dunn & Crutcher LLP

• State of current real estate markets in Saudi Arabia, China, India, Russia, and Latin America
• Fundamentals and techniques in financing for emerging foreign markets, and searching for returns
• Discussing emerging real estate private equity firms and ways to gain a competitive advantage in foreign markets
• Assessing the risk of investing in foreign countries, including political and law gaps
• Optimizing benefits through foreign tax- efficient investment vehicles

Ben Fanger
Co-Founder and Managing Director
SHORELINE CAPITAL

Sri Sambamurthy
Managing Director
STARWOOD CAPITAL GROUP

John D. Troughton
Senior Director, Brokerage
CUSHMAN & WAKEFIELD

Ulrich Dischler
Director, Real Estate International
Credit Suisse

Moderator:
Dennis P. Yeskey
National Director, Real Estate Capital Markets
DELOITTE

 - Investing in the global lodging sector, and discussing Asia as an emerging leading market
 - Analyzing the current growth of the gaming industry
 - Examining strategies behind hotel acquisitions

Drew Goldman
Managing Director, Global Real Estate Investment Banking
Deutsche Bank Securities Inc.

John  Bralower
Managing Director
The Carlton Group

Daniel H. Lesser
Senior Managing Director-Industry Leader, Hospitality & Gaming Group
CB Richard Ellis

John Tolbert
Executive Vice President
IMI LIVING

 - Capitalizing on opportunities in the residential market turmoil
 - Investing in condo developments and rental properties: pros and cons

Michael B. Cohen
Research Strategist
PROPERTY & PORTFOLIO RESEARCH, INC.

Mark Hafner
Investment Principal
GREYSTAR INVESTMENT GROUP

Jeffrey W. Adler
Chief Property Operations Officer
AIMCO

• Industrial sector fundamentals
• Analyzing current market characteristics, including the dollar's depreciating value and an increasingly attractive US export market
• Examining the growth potential in niche markets that service cargo-heavy seaports, airports, and rail intersections

Kurt J. Drstvensek
Director
Rockefeller Group Development Corporation

• Capitalizing on defaults in CMBS and mezzanine loans
• Assessing the risk in distressed debt investing
• Discussing strategies for restructuring, turnaround management and generating returns

Jeff Gronning
Managing Principal
Normandy Real Estate Partners

Sanford S. Herrick
Founding Member & Managing Director
Hudson Realty Capital LLC

Matthew Landau
Principal
Westport Capital Partners

Lawrence D. Ellman
Managing Director, Head of Investments North America
Citi Property Investors

Thomas B. Deane
Managing Director, Head of Structured Transactions & Special Assets
Wachovia Securities - Real Estate Asset Management

Moderator: Steven L. Lichtenfeld
Partner
PROSKAUER ROSE LLP

• Increasing monetization opportunities with REIT development in Asia, South America, and Europe
• Discussing privately held vs. publicly traded global REIT vehicles
• Exploring public, non-listed REITs
• Managing currency exchange risk, accurate reporting, and varying business practices
• Outlook for the privatization and M&A in the current market

Moderator:
Dennis P. Yeskey
National Director, Real Estate Capital Markets
Deloitte

Ed Carey
Managing Director
ING Clarion

Peter Zabierek
CFA, Senior Portfolio Manager, Global ex-U.S. Real Estate Securities
URDANG

Paul E. Adornato
CFA, Senior REITS Analyst
BMO CAPITAL MARKETS

Carolie Burroughs
Portfolio Manager
New York Life Investment Management

• Examining the uniqueness of Manhattan real estate and weighing it against the national market
• Analyzing current challenges and investment opportunities in various sectors and areas of New York City real estate
• Discussing tax abatements: recent changes to 421(a) ; 421(g)
• Overview of the Manhattan hotel industry

Lauren Hochfelder Silverman
Vice President
Morgan Stanley

Andrew Simon
Executive Managing Director
NAI Global

Jeffrey A. Lenobel
Partner, Chair of Real Estate Group
Schulte Roth & Zabel LLP

Dan Hartman
Senior Director and Northeast Region Manager
Wrightwood Capital

Moderator:
Jeffrey Finn
President & CEO
NAI Global

• Exploring the most recent developments in US legislative proposals and enhancing the level of fund transparency
• Discussing the taxation of carried interest in funds, and compliance with FAS 157 and FAS 159
• Adopting International Financial Reporting Standards (IFRS)
• Creating a process to document new tax positions
• Exploring the tax considerations in publicly traded partnerships (PTPs) for alternative-asset managers

Kent R. Richey
Partner
JONES DAY

Steven C. Bennett
Partner
JONES DAY

• How leverage (or the lack thereof) is changing real estate values
• Understanding the "key metrics" that drive all real estate decisions
• Owners of real estate: The two things that keep them up at night
• The "total strategy" approach for a new real estate market
• The total approach strategy to understanding the deal:
  • Asset level issues
  • Debt issues
  • Equity issues
• An owner's strategic alternatives for sub-performing assets
• New business strategies that investors, brokers, and sponsors can use in today's market

Jay Rollins
President
JCR Capital