CRE Debt Investing Summit: Private, Public & Preferred

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About The Conference

iGlobal Forum is pleased to announce our upcoming CRE Debt Investing Summit: Private, Public & Preferred, taking place in New York on May 11th, to be run in conjunction with our 7th Real Estate Mezzanine Financing Summit. The financial crisis spawned a number of new players in the commercial real estate lending arena to fill the void left by the exodus of commercial banks. As a result, the CRE lending landscape—and the universe of investable debt—has changed dramatically over the past few years. At iGlobal’s CRE Debt Investing Summit: Private, Public & Preferred, you’ll hear from the key lending groups that comprise the new alternative CRE lending universe. This is the only senior-level forum focusing on CRE debt as an investable asset class. You’ll learn and network with over 150 senior executives from private equity debt funds, investment banks, pension funds, hedge funds, mortgage REITs, hard money lenders, and real estate firms.

Key Topics Covered

  • The post-crisis commercial real estate lending landscape
  • The expanding universe of CRE debt—new players and new ways to play
  • Real estate private equity debt funds as balance sheet lenders
  • Capital markets and new developments in the CMBS space
  • Investing in CRE debt via mortgage REITS—listed, non-traded and private
  • Hard money lending—high risk, high return opportunities
  • Hedge fund commercial real estate lending & debt investment strategies
  • Taking a domestic portfolio international—global opportunities in public & private debt
  • Debate among economists on the macro environment and the future of the CRE lending industry

Network With Leading

  • Private debt & credit funds
  • Senior & mezzanine lenders
  • Real estate owners & developers
  • Real Estate private equity firms
  • Investment banks 
  • Mortgage REITs
  • Hedge funds & hard money lenders
  • Pension funds & endowments
  • Sovereign wealth funds
  • Mortgage bankers
8:00 am - REGISTRATION & NETWORKING BREAKFAST

Registration to this conference will also grant you dual-access to the panel sessions at the 7th Real Estate Mezzanine Financing Summit, which will be running concurrently (excludes workshops).

9:00 am - SUMMIT WELCOME AND OPENING REMARKS
9:15 am - KEYNOTE INTERVIEW:THE POST-CRISIS COMMERCIAL REAL ESTATE LENDING LANDSCAPE

Prior to the financial crisis, most real estate investors concentrated on the equity side of the equation. But as banks retreated from commercial real estate lending, savvy investors stepped in to fill their shoes. Risk was essentially transferred from the “too big to fail” banks to the private sector. Our keynote interview features two leading luminaries from prominent non-traditional lenders, who will discuss:

  • How the commercial real estate lending landscape has changed since the credit crunch
  • Latest regulatory developments and their impact on CRE lending and debt investment
  • Interest rate and cap rate changes, and their effect on the availability and pricing of real estate credit
  • Real estate debt strategies that are paying off in the current climate 
Jeff DiModica

Jeff DiModica

President

STARWOOD PROPERTY TRUST

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Jonathan Pollack

Jonathan Pollack

Senior Managing Director

BLACKSTONE

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Douglas Lyons

Interviewed By:

Douglas Lyons

Managing Principal, Portfolio Management & Capital Markets

PEARLMARK

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10:00 am - THE EXPANDING UNIVERSE OF CRE DEBT—NEW PLAYERS & NEW WAYS TO PLAY
  • Profiles of today’s leading non-bank CRE lenders and debt investors
  • Investor preferences for debt vs. equity, public vs. private, commercial vs. residential, and corporate vs. real estate debt
  • Non-bank lending alternatives including first mortgages, whole loans, CMBS, B-notes, mezzanine & bridge loans, preferred equity and distressed debt
  • Comparing the risk-reward tradeoffs between different CRE debt categories
  • Critical underwriting criteria to consider: investment sizes, interest rates, fixed vs. floating, fees, recourse vs. non-recourse, property sectors & geographies, leverage, closing times
Jack D. Gay

Jack D. Gay

Global Head of Debt

TH REAL ESTATE

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Drew Fung

Drew Fung

Managing Director, Debt Investment Fund Portfolio Manager

CLARION PARTNERS

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Douglas Lyons

Douglas Lyons

Managing Principal, Portfolio Management & Capital Markets

PEARLMARK

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Brendan McCormick

Brendan McCormick

Managing Director

AXONIC CAPITAL LLC

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John Lippmann

Moderator:

John Lippmann

Senior Director

NEW YORK LIFE REAL ESTATE INVESTORS

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10:45 am - MORNING NETWORKING BREAK

One on One Structured Networking Session. Alongside the networking break, the event will be running a series of pre-arranged concise and focused meetings, where originators, investors, and borrowers will connect and evaluate the potential for mutual business endeavors. (Pre-registration is required to attend this session.)

11:30 am - REAL ESTATE PRIVATE EQUITY DEBT FUNDS AS BALANCE SHEET LENDERS
  • Trend away from equity investments towards debt, or combined debt & equity funds
  • What to expect from private debt fund limited partnerships or debt co-investments
  • How private debt funds are structuring deals to maximize yield along the risk-return curve
  • Debt fund strategies for accessing deal flow and sourcing loan opportunities that fit the fund’s investment mandate
  • Comparing private debt to private equity investing in terms of risks, returns, fees, leverage and loan covenants
  • Increasing competition in the private debt marketplace and how debt funds are differentiating themselves
Matt Salem

Matt Salem

Co-Head of Real Estate Credit

KKR

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Michael Eglit

Michael Eglit

Managing Director

BLACKSTONE

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Jeff Friedman

Jeff Friedman

Co-Founder

MESA WEST CAPITAL

View More

Michael Butz

Michael Butz

Partner, Acquisitions/Origination

TORCHLIGHT INVESTORS

View More

James Chung

Moderator:

James Chung

Chief Investment Officer

ROC DEBT STRATEGIES FUND MANAGER, LLC

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12:15 pm - NEW DEVELOPMENTS IN CAPITAL MARKETS AND THE CMBS SPACE
  • Capturing the huge wave of CMBS maturities needing refinancing that are expected to hit the market in 2016 & 2017
  • Agency vs. non-agency, public vs. private label, commercial vs. residential mortgage-backed securities
  • New Dodd-Frank Risk Retention rules going live on December 24, 2016 and their impact on CMBS and other asset-backed securities
  • Re-emergence of non-agency private label MBS and Collateralized Debt Obligations (CDOs)
  • Risks of transacting with smaller, less established CMBS lenders
Rene John Theriault

Rene John Theriault

Managing Director

GOLDMAN SACHS & CO.

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Edward L. Shugrue III

Edward L. Shugrue III

Chief Executive Officer

TALMAGE, LLC

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Alan Todd

Alan Todd

Managing Director/ Head of CMBS Strategy

MERRILL LYNCH

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Mark Green

Moderator:

Mark Green

Managing Director

LEUCADIA NATIONAL CORPORATION

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1:00 pm - NETWORKING LUNCHEON
2:15 pm - ROUNDTABLE DISCUSSIONS

These sessions will provide you with a unique opportunity to discuss the most pertinent business trends in CRE debt investment with your peers. They are designed to open the floor to share your own expertise on the most relevant topics to you, and give you a chance to directly interact with experts leading each sector. Choose between one of the following sessions:

Roundtable 1

MORTAGE REITS: LISTED, NON-TRADED & PRIVATE

  • Pros & cons of gaining exposure to commercial real estate debt via mortgage REITS
  • What’s under the hood: current mix of first mortgages, subordinated debt, fixed vs. floating rate loans, agency vs. non-agency CMBS & RMBS
  • Challenges facing mortgage REITs: sensitivity to interest rate fluctuations, correlation of listed REITs with the stock market 
  • Why mortgage REITs are selling at a deep discount to book value, and why opportunistic buyers are adding to their positions
Brock Vandervliet

Brock Vandervliet

Executive Director & Senior Research Analyst

NOMURA SECURITIES

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Roundtable 2

HARD MONEY LENDING- HIGH RISK, HIGH RETURN

  • How to structure a loan against real estate to compensate for the added risk the bank wouldn’t take
  • Tips & tactics to mitigate your risk, reduce the chance of default, and recover what you can if default is inevitable
  • Underwriting loans based on today’s market and cash flow vs. potential future returns 
  • Playing hardball—structuring ownership into loan terms
Chip Cummings

Chip Cummings

Senior Partner

NORTHWIND FINANCIAL CORPORATION

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Cherif Medawar

Cherif Medawar

Real Estate Hedge Fund Manager, MIGSIF

CEO, CROWDFUND EXPRESS

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3:00 pm - AFTERNOON NETWORKING BREAK
3:15 pm - HEDGE FUND REAL ESTATE LENDING & DEBT INVESTMENT STRATEGIES
  • How hedge funds are playing the real estate debt space including acting as direct lenders
  • Hedge fund strategies involving whole loans, mezzanine and mortgage REITs
  • Mining the mortgage-backed securities sector, including subprime private label CMBS & RMBS and CDOs
  • Unearthing lucrative transitional & distressed real estate debt and credit opportunities 
  • Buying & reworking portfolios of sub-performing or non-performing loans
Christopher J. Acito

Christopher J. Acito

Chief Executive Officer & Chief Investment Officer

GAPSTOW CAPITAL PARTNERS

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Cherif Medawar

Cherif Medawar

Real Estate Hedge Fund Manager, MIGSIF

CEO, CROWDFUND EXPRESS

View More

Jorge Newbery

Moderator:

Jorge Newbery

Founder & CEO

AMERICAN HOMEOWNER PRESERVATION

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4:00 pm - DEBATE ON THE MACRO ENVIRONMENT AND THE FUTURE OF REAL ESTATE LENDING
  • Bull vs. Bear: What is really happening with the economy? Preparing for an upswing or a downturn
  • Economists debate the macro environment, and how it will impact CRE lending & debt investment opportunities
  • Market research outlining public & private CRE debt investment opportunities over the next 5 years
  • Strategies for how originators, borrowers, and investors will have to respond to changes in the lending market
  • Vital details for continued success in debt investment, and what to expect from your portfolio
Michael Pento

Michael Pento

President

PENTO PORTFOLIO STRATEGIES

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Sam Chandan

Sam Chandan

Founder & Chief Economist

CHANDAN ECONOMICS

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4:30 pm - CHAIRPERSON’S SUMMARY & NETWORKING RECEPTION

Keynote Speakers

Jeff DiModica

Jeff DiModica

President

STARWOOD PROPERTY TRUST

Jeffrey F. DiModica, CFA, has been the Company’s President since September 2014. He has also served as a

View More

Jonathan Pollack

Jonathan Pollack

Senior Managing Director

BLACKSTONE

Jonathan Pollack is a Senior Managing Director and Global Head of the Blackstone Real Estate Debt Strategies group

View More

Speakers

Jack D. Gay

Jack D. Gay

Global Head of Debt

TH REAL ESTATE

View More

Matt Salem

Matt Salem

Co-Head of Real Estate Credit

KKR

Matt Salem (New York) joined KKR in 2015 and is Co-Head of Real Estate Credit. Prior to joining KKR, Mr. Salem was

View More

Michael Eglit

Michael Eglit

Managing Director

BLACKSTONE

Michael Eglitis a Managing Director in Blackstone’s Real Estate Debt Strategies (“BREDS”) group and is based

View More

John Lippmann

John Lippmann

Senior Director

NEW YORK LIFE REAL ESTATE INVESTORS

Mr. Lippmann oversees special servicing and production of highly structured real estate loans, including

View More

Jeff Friedman

Jeff Friedman

Co-Founder

MESA WEST CAPITAL

Mr. Friedman is a co-founder of Mesa West Capital. Prior to co-founding Mesa West in 2004, Mr. Friedman spent

View More

Drew Fung

Drew Fung

Managing Director, Debt Investment Fund Portfolio Manager

CLARION PARTNERS

Drew D. Fung is an equity partner, Managing Director and Head of the Debt Investment Group at Clarion Partners. He

View More

Alan Todd

Alan Todd

Managing Director/ Head of CMBS Strategy

MERRILL LYNCH

Alan Todd is head of U.S. Commercial Mortgage Backed Securities (CMBS) Research. In this role, he is responsible

View More

Rene John Theriault

Rene John Theriault

Managing Director

GOLDMAN SACHS & CO.

View More

Michael Butz

Michael Butz

Partner, Acquisitions/Origination

TORCHLIGHT INVESTORS

Mr. Butz is a Partner and Head of Private Acquisitions and Loan Origination at Torchlight Investors where he has

View More

Tom Rugg

Tom Rugg

Managing Director

DEUTSCHE BANK

Tom Rugg joined Deutsche Bank in July 2011 and serves as a Managing Director in the Commercial Real Estate Group,

View More

Douglas Lyons

Douglas Lyons

Managing Principal, Portfolio Management & Capital Markets

PEARLMARK

Doug Lyons is a Managing Principal of Pearlmark, with responsibility for the firm's capital markets and debt

View More

Michael Pento

Michael Pento

President

PENTO PORTFOLIO STRATEGIES

Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment

View More

Sam Chandan

Sam Chandan

Founder & Chief Economist

CHANDAN ECONOMICS

Professor Sam Chandan is Founder and Chief Economist of Chandan Economics, Associate Dean and Clinical Professor

View More

Chip Cummings

Chip Cummings

Senior Partner

NORTHWIND FINANCIAL CORPORATION

Chip has over 30 years experience in the commercial real estate and lending arena. He is a Senior Partner with

View More

Mark Green

Mark Green

Managing Director

LEUCADIA NATIONAL CORPORATION

Mark Green is a Managing Director at Leucadia National Corporation managing the Company’s real estate principal

View More

Jorge Newbery

Jorge Newbery

Founder & CEO

AMERICAN HOMEOWNER PRESERVATION

Jorge Newbery works to create meaningful social and financial returns for investors, while keeping families in

View More

Edward L. Shugrue III

Edward L. Shugrue III

Chief Executive Officer

TALMAGE, LLC

Edward L. Shugrue III is the CEO of Talmage, LLC, an investment firm he founded in 2003. He is a member of the

View More

Cherif Medawar

Cherif Medawar

Real Estate Hedge Fund Manager, MIGSIF

CEO, CROWDFUND EXPRESS

Cherif Medawar is an experienced fund manager. He owns & operates over $100 Million Dollars in Assets Under

View More

James Chung

James Chung

Chief Investment Officer

ROC DEBT STRATEGIES FUND MANAGER, LLC

James Chung serves as Chief Investment Officer for ROC Debt Strategies Fund Manager, LLC and is a member of ROC

View More

Christopher J. Acito

Christopher J. Acito

Chief Executive Officer & Chief Investment Officer

GAPSTOW CAPITAL PARTNERS

Chris Acito is Gapstow’s founder, Chief Executive Officer, and Chief Investment Officer.

 

Mr. Acito began

View More

Brock Vandervliet

Brock Vandervliet

Executive Director & Senior Research Analyst

NOMURA SECURITIES

Brock Vandervliet is an Executive Director and senior research analyst covering the mortgage finance and housing

View More

Brendan McCormick

Brendan McCormick

Managing Director

AXONIC CAPITAL LLC

View More

Andrew White

Andrew White

Vice President

GOLDMAN SACHS & CO.

View More

LUNCHEON WORKSHOP

EXPLORING REAL ESTATE PRIVATE DEBT

Wednesday May 11, 2016 | 1:15 pm to 2:15 pm

The wide space of private debt within real estate has been rising and is only expected to improve throughout 2016. As an attractive asset class for both investors and developers alike, the market is on a major shift to incorporate the full spectrum of private debt. In this workshop, you will learn:

  • Current state of the credit markets
  • Improvement expectations for 2016
  • Investors acting as lenders, and incorporating all parts of the capital stack within private debt
  • Buying into existing loan opportunities – reworking existing mortgages
  • Opportunities in commercial vs. residential private real estate lending
  • How private debt will fare in the event of another rate increase

You will leave this workshop with a better understanding of private debt as a whole, and strategies for incorporating it into your own portfolio. This unique setting provides a collaborative, networking environment while giving you additional options in diversifying your own products and investments.

Tom Rugg

Tom Rugg

Managing Director

DEUTSCHE BANK

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Andrew White

Andrew White

Vice President

GOLDMAN SACHS & CO.

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Terms and Conditions - Payment Policy

  • Payment is due in full at the time of registration and includes lunches, refreshments and detailed conference materials.
  • Your registration will not be confirmed until payment is received and may be subject to cancellation.

iGlobal Forum Cancellation, Postponement and Substitution Policy

  • You may substitute delegates at any time. iGlobal Forum does not provide refunds for cancellations.
  • For cancellations received in writing more than seven (7) days prior to the conference you will receive a 100% credit to be used at another iGlobal Forum conference for up to one year from the date of issuance.
  • For cancellations received seven (7) days or less prior to an event (including day 7), no credit will be issued. In the event that iGlobal Forum cancels an event, delegate payments at the date of cancellation will be credited to a future iGlobal Forum event. This credit will be available for up to one year from the date of issuance.
  • In the event that iGlobal Forum postpones an event, delegate payments at the postponement date will be credited towards the rescheduled date. If the delegate is unable to attend the rescheduled event, the delegate will receive a 100% credit representing payments made towards a future iGlobal Forum event. This credit will be available for up to one year from the date of issuance. No refunds will be available for cancellations or postponements.
  • iGlobal Forum is not responsible for any loss or damage as a result of a substitution, alteration or cancellation/postponement of an event. iGlobal Forum shall assume no liability whatsoever in the event this conference is cancelled, rescheduled or postponed due to a fortuitous event, Act of God, unforeseen occurrence or any other event that renders performance of this conference impracticable or impossible. For purposes of this clause, a fortuitous event shall include, but not be limited to: war, fire, labor strike, extreme weather or other emergency.
  • Please note that speakers and topics were confirmed at the time of publishing, however, circumstances beyond the control of the organizers may necessitate substitutions, alterations or cancellations of the speakers and/or topics. As such, iGlobal Forum reserves the right to alter or modify the advertised speakers and/or topics if necessary. Any substitutions or alterations will be updated on our web page as soon as possible.

Discounts

  • All discounts must require payment at time of registration and before the cut-off date in order to receive any discount.
  • Any discounts offered whether by iGlobal Forum (including team discounts) must also require payment at the time of registration.
  • All discount offers cannot be combined with any other offer
Princeton Club of New York Princeton Club of New York

Princeton Club of New York

15 West 43rd Street

New York , NY

 

212.596.1210

http://www.princetonclub.com/

 

Located in the heart of midtown, the Princeton Club is only steps away from some of the most iconic New York City landmarks, including Grand Central Station, Bryant Park, and Times Square.

 

To make a reservation at the Princeton Club of New York, guests may call 212-596-1200 and mention iGlobal Forum. Please note that the deadline for all accommodations at The Princeton Club is Friday, May 6th.

Guests may also secure accommodations at the nearby Royalton New York by visiting the booking link here. Please note that the deadline for all accommodations at The Royalton is Wednesday, May 4th.

 

Jeff DiModica

Jeff DiModica

President

STARWOOD PROPERTY TRUST

Jeffrey F. DiModica, CFA, has been the Company’s President since September 2014. He has also served as a Managing

View More

Jonathan Pollack

Jonathan Pollack

Senior Managing Director

BLACKSTONE

Jonathan Pollack is a Senior Managing Director and Global Head of the Blackstone Real Estate Debt Strategies group and

View More

Jack D. Gay

Jack D. Gay

Global Head of Debt

TH REAL ESTATE

View More

Matt Salem

Matt Salem

Co-Head of Real Estate Credit

KKR

Matt Salem (New York) joined KKR in 2015 and is Co-Head of Real Estate Credit. Prior to joining KKR, Mr. Salem was a

View More

Michael Eglit

Michael Eglit

Managing Director

BLACKSTONE

Michael Eglitis a Managing Director in Blackstone’s Real Estate Debt Strategies (“BREDS”) group and is based in

View More

John Lippmann

John Lippmann

Senior Director

NEW YORK LIFE REAL ESTATE INVESTORS

Mr. Lippmann oversees special servicing and production of highly structured real estate loans, including construction,

View More

Jeff Friedman

Jeff Friedman

Co-Founder

MESA WEST CAPITAL

Mr. Friedman is a co-founder of Mesa West Capital. Prior to co-founding Mesa West in 2004, Mr. Friedman spent three

View More

Drew Fung

Drew Fung

Managing Director, Debt Investment Fund Portfolio Manager

CLARION PARTNERS

Drew D. Fung is an equity partner, Managing Director and Head of the Debt Investment Group at Clarion Partners. He

View More

Alan Todd

Alan Todd

Managing Director/ Head of CMBS Strategy

MERRILL LYNCH

Alan Todd is head of U.S. Commercial Mortgage Backed Securities (CMBS) Research. In this role, he is responsible for

View More

Rene John Theriault

Rene John Theriault

Managing Director

GOLDMAN SACHS & CO.

View More

Michael Butz

Michael Butz

Partner, Acquisitions/Origination

TORCHLIGHT INVESTORS

Mr. Butz is a Partner and Head of Private Acquisitions and Loan Origination at Torchlight Investors where he has been

View More

Tom Rugg

Tom Rugg

Managing Director

DEUTSCHE BANK

Tom Rugg joined Deutsche Bank in July 2011 and serves as a Managing Director in the Commercial Real Estate Group,

View More

Douglas Lyons

Douglas Lyons

Managing Principal, Portfolio Management & Capital Markets

PEARLMARK

Doug Lyons is a Managing Principal of Pearlmark, with responsibility for the firm's capital markets and debt investment

View More

Michael Pento

Michael Pento

President

PENTO PORTFOLIO STRATEGIES

Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory

View More

Sam Chandan

Sam Chandan

Founder & Chief Economist

CHANDAN ECONOMICS

Professor Sam Chandan is Founder and Chief Economist of Chandan Economics, Associate Dean and Clinical Professor at New

View More

Chip Cummings

Chip Cummings

Senior Partner

NORTHWIND FINANCIAL CORPORATION

Chip has over 30 years experience in the commercial real estate and lending arena. He is a Senior Partner with

View More

Mark Green

Mark Green

Managing Director

LEUCADIA NATIONAL CORPORATION

Mark Green is a Managing Director at Leucadia National Corporation managing the Company’s real estate principal

View More

Jorge Newbery

Jorge Newbery

Founder & CEO

AMERICAN HOMEOWNER PRESERVATION

Jorge Newbery works to create meaningful social and financial returns for investors, while keeping families in their

View More

Edward L. Shugrue III

Edward L. Shugrue III

Chief Executive Officer

TALMAGE, LLC

Edward L. Shugrue III is the CEO of Talmage, LLC, an investment firm he founded in 2003. He is a member of the firm's

View More

Cherif Medawar

Cherif Medawar

Real Estate Hedge Fund Manager, MIGSIF

CEO, CROWDFUND EXPRESS

Cherif Medawar is an experienced fund manager. He owns & operates over $100 Million Dollars in Assets Under

View More

James Chung

James Chung

Chief Investment Officer

ROC DEBT STRATEGIES FUND MANAGER, LLC

James Chung serves as Chief Investment Officer for ROC Debt Strategies Fund Manager, LLC and is a member of ROC Debt

View More

Christopher J. Acito

Christopher J. Acito

Chief Executive Officer & Chief Investment Officer

GAPSTOW CAPITAL PARTNERS

Chris Acito is Gapstow’s founder, Chief Executive Officer, and Chief Investment Officer.

 

Mr. Acito began his

View More

Brock Vandervliet

Brock Vandervliet

Executive Director & Senior Research Analyst

NOMURA SECURITIES

Brock Vandervliet is an Executive Director and senior research analyst covering the mortgage finance and housing

View More

Brendan McCormick

Brendan McCormick

Managing Director

AXONIC CAPITAL LLC

View More

Andrew White

Andrew White

Vice President

GOLDMAN SACHS & CO.

View More

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