About The Conference:

iGlobal Forum is pleased to present the upcoming Real Estate Joint Ventures Dealmakers Meeting, taking place on Wednesday, June 14, 2017 in New York City. The model of real estate private equity firms doing joint ventures with developers and project sponsors is a time-honored tradition. Private equity firms rely on sponsors, with their deep knowledge of markets and sectors, to help populate their funds with deals. Likewise, sponsors count on private equity firms and other financial partners to fund their projects and help bring them to life. The popularity of real estate joint ventures is on the upswing due to a surplus of capital and a shortage of good deals. But today’s JVs are different—they’ve been shaped by painful lessons learned during the financial crisis, when many projects were either put on hold or abandoned. iGlobal Forum’s Real Estate Joint Ventures Dealmakers Meeting will give you greater insight into critical success factors for joint ventures in the current economic and real estate climate. These workshops provide an intimate format that is conducive to learning, sharing experiences, and finding potential business partners. You will meet and network directly with senior-level representatives from real estate private equity firms, developers and project sponsors, real estate owners & operators, senior & mezzanine lenders, institutional investors and family offices, asset managers and allocators, attorneys and accountants.

Real Estate Joint Ventures Dealmakers Meeting

Key topics that will be covered:

  • Workshop A: Anatomy of a Real Estate Joint Venture: Size, Structure & Strategy: Joint ventures between project sponsors and financial partners are proving to be the differentiating factor between success and failure in an increasingly pricey and competitive CRE market. This workshop will introduce you to the fundamentals of real estate JVs, highlighting how they have changed since the financial crisis.
  • Workshop B: Joint Venture Direct Investment vs. Investment Funds: Joint ventures offer a great potential for reward and are a strategic way for investors to innovate, enter new markets, and accelerate growth. Finding the right real estate investment can be difficult and costly, which is why joint venture partnerships may ease the complexity. For those investors that seek more understanding of direct investment partnership or transactions, this workshop and case-study will outline a focused approach of direct investment.
  • Workshop C: Navigating the Joint Venture Landscape Through Family Office Investing: Experienced practitioners from top Family Offices will share how they are standardizing their approach to joint ventures by aligning best practices and dedicating appropriate resources. This workshop and case study will outline the framework for a successful Family Office joint venture.

Network with leading:

  • Real Estate Private Equity Firms
  • Real Estate Developers & Project Sponsors
  • Real Estate Owners & Operators
  • Senior & Mezzanine Lenders
  • Institutional Investors & Family Offices
  • Asset Managers 
  • Attorneys & Accountants

Speakers

James R. Solomon

James R. Solomon

Managing Principal

RAVINIA CAPITAL GROUP

Mr. Solomon, managing partner of Chicago-based Ravinia Capital Group LLC (www.raviniagroup.com) is a 25 year real estate professional with both public market and private equity market real estate experience. Mr. Solomon has been responsible for the investment, financing or sale of more than $5 billion of office, industrial, retail and multi-family real estate. These transactions include single-asset and portfolio investments, equity joint ventures, distressed debt acquisitions and other real estate assets.

Mr. Solomon founded Ravinia in 2013 to acquire value-add and core-plus office, industrial, retail and multi-family real estate in four US submarkets; Chicago, Southeastern US, Texas, and Phoenix/Scottsdale. Since late 2013, Ravinia has acquired over $250 million of assets under management (“AUM”). The company has completed transactions ranging from $15-$200 million, aspiring to $500-$1 billion of AUM.

Prior to Ravinia, Mr. Solomon held leadership roles in high-growth real estate businesses. These included Avison Young (US) Capital Markets (as Leader), Heico Realty Capital (co-Founder), Trizec Properties, Inc. (SVP Acquisitions) and Soros Fund Real Estate (EVP).

Mr. Solomon is a graduate of Georgetown University’s School of Foreign Service and holds an MBA from the University of Pennsylvania’s Wharton School. He is a member of various community and professional organizations, including ICSC, Urban Land Institute (ULI), and various other real estate organizations. He has been an active panelist as an owner/operator/family office member at various real estate, alternative asset and private-wealth conferences.

David Eyzenberg

David Eyzenberg

President

EYZENBERG & COMPANY

David Eyzenberg is President of Eyzenberg& Company, a NYC-based real estate investment bank with core competencies in arranging debt, preferred equity and mezzanine loans, and joint venture equity for existing, transitional and to-be-built projects. Additionally, Mr. Eyzenberg is a partner at Anika Equities, a private equity vehicle focused on the creation and acquisition of ground leases. Complementing his professional endeavors, Mr. Eyzenberg teaches graduate real estate finance studies in the New York University Schack Institute’s Masters of Science in Real Estate and NYU Stern MBA programs.

Mr. Eyzenberg previously was a principal and U.S. lead for the real estate capital raising practice of Avison Young. He co-founded and oversaw a group that during his tenure expanded throughout multiple offices and consummated well over $1B of financing transactions.

Prior to Avison Young Mr. Eyzenberg was a managing director and head of commercial real estate for NewOak Capital, a New York-based financial advisory firm. There, Mr. Eyzenberg completed multiple property financing and CMBS/CRE CDO valuation assignments. His tenure at NewOak began in 2011 after its acquisition of the investment banking practice of Eyzenberg’s Prodigious Capital Group, where Mr. Eyzenberg served as president since 2005. Prior to running Prodigious Capital Group, Mr. Eyzenberg was associated with several boutique real estate investment banks. Mr. Eyzenberg began his real estate career on the buy side working for Merrill Lynch, Ramius Capital Group and Greenstreet Partners.

Mr. Eyzenberg is a graduate of New York University, where he received a Bachelor's Degree and a Master's Degree in real estate finance and investment. He serves as president of the NYU Schack Real Estate Institute alumni board and also sits on the department's advisory committee. Mr. Eyzenberg is an active member of ULI, ICSC, RELA and MBA, and is a frequent speaker at industry events.

Peter J. Auerbach

Peter J. Auerbach

Chief Investment Officer & Co-Founder

NCP ENTERPRISE FUNDS

Peter Auerbach brings 14 years of investment experience to Northstar and throughout his career has personally overseen the acquisition of over $800 Million of real estate assets comprising over 6,000,000 SF. Most recently, Peter was Chief Investment Officer of ALTO Real Estate funds. During his tenure, ALTO Fund II purchased 36 assets with a value of over $540 Million. Prior, Peter was a Director in Real Estate Acquisitions for Wexford Capital, a $4 Billion private equity and hedge fund, whose portfolio consisted of over $1 billion in property value. Peter was the head of acquisitions for Property Resources Corporation, a New York Multi-family owner operator, and was Head of Financial Analysis for Grubb & Ellis in New York.

Peter started his career in the asset management and investment banking divisions of Merrill Lynch and Credit Suisse. He is currently an adjunct professor at New York University and sits on the board of United Cerebral Palsy of New York. Peter holds a BS in Finance from Lehigh University where he graduated as Senior Class President and delivered the key note address at his graduation.

 

Alexandra K. Levin

Alexandra K. Levin

Director, Municipal Securities Division

CITI

Alexandra Levin manages Citi Community Capital’s Strategic Investments platform, which is responsible for all non-tax credit social impact equity investing into funds and partnerships on behalf of the bank. The Strategic Investing business targets a wide range of sectors such as affordable housing, educational facilities, healthcare, venture capital and small business finance, renewable energy and energy efficiency, and economic development. Through the Strategic Investing business, Citi has invested over $1.2 billion into innovative, impact investments across the United States.

Prior to her work in Citi Community Capital, Ms. Levin worked in several sales and trading capacities within Citi’s capital markets division, including on Citi’s distressed municipal bond trading desk. Ms. Levin’s work in municipals involved creating and executing work-outs of distressed municipal projects, including affordable housing, land, power plants, and office buildings.

Ms. Levin has guest lectured on social impact investing at Columbia University’s School of International and Public Affairs and has spoken in a number of other forums including at Wharton Social Impact, Harvard Women in Business and Global Impact Investing Network conferences.

Ms. Levin graduated cum laude from Harvard with a degree in Philosophy and a citation in Russian. She is active in a number of local non-profit boards and charities, including the National Multiple Sclerosis Society and the Horace Mann School. In her spare time, she enjoys high altitude mountaineering and has summited a number of mountains around the world including Denali, Aconcagua and Elbrus.

Bohdy Hedgcock

Bohdy Hedgcock

Senior Vice President

CLARION PARTNERS

Bohdy Hedgcock is a Senior Vice President and Assistant Portfolio Manager for the Clarion Ventures funds, a series of closed-end opportunistic investment vehicles. Bohdy shares responsibility for all facets of Fund management, including acquisitions, dispositions, asset management and investor communications. Previously, he worked with the firm’s Investment Research Group, where he was involved in the underwriting of more than $2.0 billion in acquisitions, including several of the early investments in CDV III. Bohdy joined Clarion Partners in 2007 and began working in the real estate industry in 2001. He is a full member of the Urban Land Institute.

Gregory Rush

Gregory Rush

Managing Member

RUSH CAPITAL PARTNERS

Gregory Rush established Rush Capital Partners (“RCP”) in September of 2015 to focus on distressed, value-add and opportunistic real estate investments targeting opportunities throughout major markets in the United States and Europe. Currently Mr. Rush is working with a $36 billion global investment manager to source and execute the best risk-adjusted real estate investments including structured debt, preferred equity and equity investments on behalf of their various investment vehicles.

In 2016, Mr. Rush also established Atwell Care Management LLC a platform created to own and operate assets in the behavioral healthcare space.

Prior to founding RCP, Mr. Rush was a Partner, Managing Director and Member of the Investment Committee at Dune Real Estate Partners (“Dune”). Since joining Dune in 2005, Mr. Rush was responsible for sourcing, executing and managing an investment portfolio which included distressed, value-add, opportunistic, and contrarian investments across multiple asset classes in the United States and Europe. His investing experience includes investments in existing, ground-up and redevelopments including the repositioning of mixed-use projects, hotels, retail, office and residential real estate including single-family land.

Prior to joining Dune in 2005, Mr. Rush was an Executive Director in Morgan Stanley's Real Estate Investment Banking Group, which he joined in 2000. Prior to Morgan Stanley, Mr. Rush spent three years in the Real Estate Investment Banking department of Merrill Lynch. At Morgan Stanley and Merrill Lynch, Mr. Rush's experience included advising on mergers, acquisitions and restructurings and raising public and private capital for companies in various sectors of the real estate industry including hospitality, retail, office, multifamily, land development and restaurant finance. From 1993 to 1995, Mr. Rush was a financial analyst with Vornado Realty Trust.

Mr. Rush has been involved in structuring and executing over $60 billion of real estate and real estate-related investment, advisory and capital markets transactions.

From March 2016 through January 2017, Mr. Rush served on the Board of the Directors of NorthStar Realty Finance Corp. (NYSE:NRF), a publicly-traded, diversified commercial real estate company that was organized as a REIT. Mr. Rush was one of two members on the Special Committee that led NRF through its tri-party merger with NorthStar Asset Management and Colony Financial which established Colony NorthStar (NYSE:CLNS), the fifth largest global real estate management firm with $58 billion of assets under management.

Mr. Rush is a Full Member of the Urban Land Institute and is Vice Chair for the Urban Development and Mixed-Use Council (Green Flight). Mr. Rush sits on the Board of Trustees for the Children’s Medical Fund of NY and on the Board of Directors for the Jericho Athletic Association.

Mr. Rush holds an M.B.A. (with Distinction) from the Leonard Stern School of Business at New York University in 1997 and holds a B.A. from the University of Pennsylvania in 1992.

Jeffrey Carswell

Jeffrey Carswell

Partner, Capital Markets

THE SHIDLER GROUP

Mr. Carswell is a Partner of The Shidler Group, a financier in the field of real estate investing debt and equity capital into properties and creating and capitalizing new real estate-related companies. Mr. Carswell focuses on the financing of new acquisitions and the development of joint venture relationships with capital and operational partners. As such, Mr. Carswell has employed his in-depth knowledge of securitized markets and structured finance solutions to lead the structuring and funding of debt instruments totaling in excess of $2 billion.

Mr. Carswell joined the Shidler Group in 2011 as Director of Capital Markets of Alliance Partners, one of The Shidler Group’s affiliated companies, where he led the acquisition and financing of office and industrial assets valued at $750 million. Mr. Carswell also led the formation of the Shidler Group's joint venture hospitality platform that acquired over 3,700 keys in the span of 24 months.

Prior to joining the Shidler Group, Mr. Carswell was the founder and CEO of Oak River Capital LLC, a boutique investment-banking firm focused on capital raising and restructuring advisory services.

Mr. Carswell holds a Bachelor of Arts degree in psychology from Villanova University and is a frequent speaker at industry events.

Paul Kang

Paul Kang

President/CIO

ALTACAP

Paul began his 25 year investment and merger advisory career at Goldman Sachs in New York. He also served as CEO of AltaCap Group focusing on cross-border merchant banking with offices in New York, Seoul, Tokyo, Hong Kong, London and San Francisco. He began his career as a brand manager at Procter & Gamble in Cincinnati. Currently he focuses on investments for his family with broad portfolio construction mandates and specific private equity efforts in the Americas and Asia. He has also served for over 15 years on investment committees ranging from $50 million to $50 billion. He received his AB in mathematics from Harvard and his MBA from Stanford.

Marcia Nelson

Marcia Nelson

Managing Director

ALBERLEEN GROUP

Marcia Nelson is Managing Director of Alberleen Family Office Solutions and is responsible for client marketing and development of Alberleen's network of family offices and private investors. Ms. Nelson has a 20 year track record of working with family offices and their advisors, collaborating with other families, and creating thought leadership around impact investing and philanthropic giving. She started her career working for an ultra-high-net-worth philanthropic family and subsequently managed business development and relationship management in the areas of estate planning, finance, and accounting at firms including FMV Opinions, Marcum, and Anchin, Block & Anchin.

Ms. Nelson is passionate about women's issues, having founded Deals and Divas, an educational and networking organization focusing on engaging and supporting women entrepreneurs. She serves on the board of The Association for Corporate Growth -ACG- NY where she chairs programming and is a member of the Family Office Committee. A Utah native, Ms. Nelson earned her BA from Southern Utah State College and her MBA in finance and tax from Fordham University.

Media Partners

Think Realty
Private Equity Wire
Real Estate Investment Times
Hedge Connection
Family Office Networks
ETF Express
Hedgeweek
Wealth Adviser
Property Funds World

WORKSHOP A:

ANATOMY OF A REAL ESTATE JOINT VENTURE: SIZE, STRUCTURE & STRATEGY

Wednesday June 14, 2017

9:30 am to 11:30 am

Joint ventures between project sponsors and financial partners are proving to be the differentiating factor between success and failure in an increasingly pricey and competitive CRE market. This workshop will introduce you to the fundamentals of real estate JVs, highlighting how they have changed since the financial crisis. It will also bring the joint venture conversation to life by simulating a JV rollout, utilizing role-playing in a case study exercise to discuss:

  • Prevailing real estate JV models in use today and how the structure has evolved post-recession
  • Partnering criteria: roles and responsibilities, timeframe, size, structure, strategy, asset class, dollar amount and geography
  • Underwriting your JV deal: validating assumptions, valuation methodology, hold periods, exit strategies
  • Transaction due diligence: information gathering, designing a process, transaction execution
  • Structuring your JV deal: equity splits, fees, cash flow waterfalls, control rights, operational controls, dispute resolution and exit strategy
  • Alignment of interests: partnership agreements, financing requirements (equity/debt), guarantees, ongoing funding requirements, tax considerations
  • Understanding how JVs between project sponsors and private equity firms differ from deals between sponsors and institutional investors
  • Role-playing various scenarios: project is behind schedule or over budget, capital calls, loan restructuring, guarantees are called

This workshop is designed for those new to real estate JVs, or needing a refresher on how these partnerships have changed in recent years. Attendance is limited to allow for optimal interaction and enable deeper connections with the speakers as well as your peers.

David Eyzenberg David Eyzenberg
President
EYZENBERG & COMPANY

David Eyzenberg is President of Eyzenberg& Company, a NYC-based real estate investment bank with core competencies in arranging debt, preferred equity and mezzanine loans, and joint venture equity for existing, transitional and to-be-built projects. Additionally, Mr. Eyzenberg is a partner at Anika Equities, a private equity vehicle focused on the creation and acquisition of ground leases. Complementing his professional endeavors, Mr. Eyzenberg teaches graduate real estate finance studies in the New York University Schack Institute’s Masters of Science in Real Estate and NYU Stern MBA programs.

Mr. Eyzenberg previously was a principal and U.S. lead for the real estate capital raising practice of Avison Young. He co-founded and oversaw a group that during his tenure expanded throughout multiple offices and consummated well over $1B of financing transactions.

Prior to Avison Young Mr. Eyzenberg was a managing director and head of commercial real estate for NewOak Capital, a New York-based financial advisory firm. There, Mr. Eyzenberg completed multiple property financing and CMBS/CRE CDO valuation assignments. His tenure at NewOak began in 2011 after its acquisition of the investment banking practice of Eyzenberg’s Prodigious Capital Group, where Mr. Eyzenberg served as president since 2005. Prior to running Prodigious Capital Group, Mr. Eyzenberg was associated with several boutique real estate investment banks. Mr. Eyzenberg began his real estate career on the buy side working for Merrill Lynch, Ramius Capital Group and Greenstreet Partners.

Mr. Eyzenberg is a graduate of New York University, where he received a Bachelor's Degree and a Master's Degree in real estate finance and investment. He serves as president of the NYU Schack Real Estate Institute alumni board and also sits on the department's advisory committee. Mr. Eyzenberg is an active member of ULI, ICSC, RELA and MBA, and is a frequent speaker at industry events.

Peter J. Auerbach Peter J. Auerbach
Chief Investment Officer & Co-Founder
NCP ENTERPRISE FUNDS

Peter Auerbach brings 14 years of investment experience to Northstar and throughout his career has personally overseen the acquisition of over $800 Million of real estate assets comprising over 6,000,000 SF. Most recently, Peter was Chief Investment Officer of ALTO Real Estate funds. During his tenure, ALTO Fund II purchased 36 assets with a value of over $540 Million. Prior, Peter was a Director in Real Estate Acquisitions for Wexford Capital, a $4 Billion private equity and hedge fund, whose portfolio consisted of over $1 billion in property value. Peter was the head of acquisitions for Property Resources Corporation, a New York Multi-family owner operator, and was Head of Financial Analysis for Grubb & Ellis in New York.

Peter started his career in the asset management and investment banking divisions of Merrill Lynch and Credit Suisse. He is currently an adjunct professor at New York University and sits on the board of United Cerebral Palsy of New York. Peter holds a BS in Finance from Lehigh University where he graduated as Senior Class President and delivered the key note address at his graduation.

 

Bohdy Hedgcock Bohdy Hedgcock
Senior Vice President
CLARION PARTNERS

Bohdy Hedgcock is a Senior Vice President and Assistant Portfolio Manager for the Clarion Ventures funds, a series of closed-end opportunistic investment vehicles. Bohdy shares responsibility for all facets of Fund management, including acquisitions, dispositions, asset management and investor communications. Previously, he worked with the firm’s Investment Research Group, where he was involved in the underwriting of more than $2.0 billion in acquisitions, including several of the early investments in CDV III. Bohdy joined Clarion Partners in 2007 and began working in the real estate industry in 2001. He is a full member of the Urban Land Institute.

WORKSHOP B:

JOINT VENTURE DIRECT INVESTMENT VS. INVESTMENT FUNDS

Wednesday June 14, 2017

12:30 pm to 2:30 pm

Joint ventures offer a great potential for reward and are a strategic way for investors to innovate, enter new markets, and accelerate growth. However, some investors prefer direct investment joint-venture versus investment in real estate funds, given their professional criteria and cash flow needs. Finding the right real estate investment can be difficult and costly, which is why joint venture partnerships may ease the complexity. For those investors that seek more understanding of direct investment partnership or transactions, this workshop and case-study will outline a focused approach of direct investment, discussing:

  • Direct Investment versus Fund Investment: what do investors look for and why are their criteria different? 
  • Advantages and disadvantages offered by direct investment versus fund investment
  • Pros and cons: how do you source direct investment and why should you partner in a joint venture? 
  • Sponsorship and financial partners: finding partners for real estate investing joint ventures 
  • Pooling of capital for joint venture investing: points to consider, formulation, structuring, alignment of interests
  • Relationship versus transaction investment: joint venture objectives in the real estate relationship and understanding what everyone brings to the table
  • Structuring your JV deal: equity splits, fees, cash flow waterfalls, control rights, operational controls, dispute resolution and exit strategy
  • Alignment of interests: partnership agreements, financing requirements (equity/debt), guarantees, ongoing funding requirements, tax considerations
  • Best practices from real life case studies and decision-making role play

This workshop will give you deeper insight into what makes direct investment successful as a joint venture or independent investment, and provide an environment to develop connections. You’ll have the opportunity to meet with your peers, and leave with new contacts in the industry looking to develop partnerships.

Alexandra K. Levin Alexandra K. Levin
Director, Municipal Securities Division
CITI

Alexandra Levin manages Citi Community Capital’s Strategic Investments platform, which is responsible for all non-tax credit social impact equity investing into funds and partnerships on behalf of the bank. The Strategic Investing business targets a wide range of sectors such as affordable housing, educational facilities, healthcare, venture capital and small business finance, renewable energy and energy efficiency, and economic development. Through the Strategic Investing business, Citi has invested over $1.2 billion into innovative, impact investments across the United States.

Prior to her work in Citi Community Capital, Ms. Levin worked in several sales and trading capacities within Citi’s capital markets division, including on Citi’s distressed municipal bond trading desk. Ms. Levin’s work in municipals involved creating and executing work-outs of distressed municipal projects, including affordable housing, land, power plants, and office buildings.

Ms. Levin has guest lectured on social impact investing at Columbia University’s School of International and Public Affairs and has spoken in a number of other forums including at Wharton Social Impact, Harvard Women in Business and Global Impact Investing Network conferences.

Ms. Levin graduated cum laude from Harvard with a degree in Philosophy and a citation in Russian. She is active in a number of local non-profit boards and charities, including the National Multiple Sclerosis Society and the Horace Mann School. In her spare time, she enjoys high altitude mountaineering and has summited a number of mountains around the world including Denali, Aconcagua and Elbrus.

Jeffrey Carswell Jeffrey Carswell
Partner, Capital Markets
THE SHIDLER GROUP

Mr. Carswell is a Partner of The Shidler Group, a financier in the field of real estate investing debt and equity capital into properties and creating and capitalizing new real estate-related companies. Mr. Carswell focuses on the financing of new acquisitions and the development of joint venture relationships with capital and operational partners. As such, Mr. Carswell has employed his in-depth knowledge of securitized markets and structured finance solutions to lead the structuring and funding of debt instruments totaling in excess of $2 billion.

Mr. Carswell joined the Shidler Group in 2011 as Director of Capital Markets of Alliance Partners, one of The Shidler Group’s affiliated companies, where he led the acquisition and financing of office and industrial assets valued at $750 million. Mr. Carswell also led the formation of the Shidler Group's joint venture hospitality platform that acquired over 3,700 keys in the span of 24 months.

Prior to joining the Shidler Group, Mr. Carswell was the founder and CEO of Oak River Capital LLC, a boutique investment-banking firm focused on capital raising and restructuring advisory services.

Mr. Carswell holds a Bachelor of Arts degree in psychology from Villanova University and is a frequent speaker at industry events.

Gregory Rush Gregory Rush
Managing Member
RUSH CAPITAL PARTNERS

Gregory Rush established Rush Capital Partners (“RCP”) in September of 2015 to focus on distressed, value-add and opportunistic real estate investments targeting opportunities throughout major markets in the United States and Europe. Currently Mr. Rush is working with a $36 billion global investment manager to source and execute the best risk-adjusted real estate investments including structured debt, preferred equity and equity investments on behalf of their various investment vehicles.

In 2016, Mr. Rush also established Atwell Care Management LLC a platform created to own and operate assets in the behavioral healthcare space.

Prior to founding RCP, Mr. Rush was a Partner, Managing Director and Member of the Investment Committee at Dune Real Estate Partners (“Dune”). Since joining Dune in 2005, Mr. Rush was responsible for sourcing, executing and managing an investment portfolio which included distressed, value-add, opportunistic, and contrarian investments across multiple asset classes in the United States and Europe. His investing experience includes investments in existing, ground-up and redevelopments including the repositioning of mixed-use projects, hotels, retail, office and residential real estate including single-family land.

Prior to joining Dune in 2005, Mr. Rush was an Executive Director in Morgan Stanley's Real Estate Investment Banking Group, which he joined in 2000. Prior to Morgan Stanley, Mr. Rush spent three years in the Real Estate Investment Banking department of Merrill Lynch. At Morgan Stanley and Merrill Lynch, Mr. Rush's experience included advising on mergers, acquisitions and restructurings and raising public and private capital for companies in various sectors of the real estate industry including hospitality, retail, office, multifamily, land development and restaurant finance. From 1993 to 1995, Mr. Rush was a financial analyst with Vornado Realty Trust.

Mr. Rush has been involved in structuring and executing over $60 billion of real estate and real estate-related investment, advisory and capital markets transactions.

From March 2016 through January 2017, Mr. Rush served on the Board of the Directors of NorthStar Realty Finance Corp. (NYSE:NRF), a publicly-traded, diversified commercial real estate company that was organized as a REIT. Mr. Rush was one of two members on the Special Committee that led NRF through its tri-party merger with NorthStar Asset Management and Colony Financial which established Colony NorthStar (NYSE:CLNS), the fifth largest global real estate management firm with $58 billion of assets under management.

Mr. Rush is a Full Member of the Urban Land Institute and is Vice Chair for the Urban Development and Mixed-Use Council (Green Flight). Mr. Rush sits on the Board of Trustees for the Children’s Medical Fund of NY and on the Board of Directors for the Jericho Athletic Association.

Mr. Rush holds an M.B.A. (with Distinction) from the Leonard Stern School of Business at New York University in 1997 and holds a B.A. from the University of Pennsylvania in 1992.

WORKSHOP C:

NAVIGATING THE JOINT VENTURE LANDSCAPE THROUGH FAMILY OFFICE INVESTING

Wednesday June 14, 2017

2:45 pm to 4:45 pm

Much has been recently written about the growth of family offices and their impact on real estate investment. They have been building their professional staffs to focus more on direct real estate investment, partnering with real estate sponsors/developers and also funds in sidecar investments. What makes their capital and relationship so attractive? How are they motivated by real estate transactions? Why is this occurring now in the real estate cycle? Experienced practitioners from top Family Offices will share how they are standardizing their approach to joint ventures by aligning best practices and dedicating appropriate resources. This workshop and case study will outline the framework for a successful Family Office joint venture and discuss the following:

  • Family Offices: what are they, how do they differ, and how do they work? 
  • What you need to consider when partnering with a Family Office and what they bring to the table
  • Trend or fad? The role of the family office going forward for real estate
  • Finding, attracting and partnering with Family Offices: their expectations vs. other join venture partner expectations
  • Investment objectives of Family Offices: What are their relationship and financial goals? When does their investment make sense?
  • How to successfully close deals with private capital versus institutional capital
  • Structuring your JV deal: equity splits, fees, cash flow waterfalls, control rights, operational controls, dispute resolution and exit strategy
  • Alignment of interests: partnership agreements, financing requirements (equity/debt), guarantees, ongoing funding requirements, tax considerations
  • How do Family Offices evaluate transactions? Is there a system in place?
  • How does a developer/sponsor benefit? Advantages/disadvantages to Family Office investment

This workshop will bring together Family Offices seeking deals with developers and sponsors seeking capital. The intimate format provides the optimal platform for interested parties to come together for learning, networking, and developing relationships.

James R. Solomon James R. Solomon
Managing Principal
RAVINIA CAPITAL GROUP

Mr. Solomon, managing partner of Chicago-based Ravinia Capital Group LLC (www.raviniagroup.com) is a 25 year real estate professional with both public market and private equity market real estate experience. Mr. Solomon has been responsible for the investment, financing or sale of more than $5 billion of office, industrial, retail and multi-family real estate. These transactions include single-asset and portfolio investments, equity joint ventures, distressed debt acquisitions and other real estate assets.

Mr. Solomon founded Ravinia in 2013 to acquire value-add and core-plus office, industrial, retail and multi-family real estate in four US submarkets; Chicago, Southeastern US, Texas, and Phoenix/Scottsdale. Since late 2013, Ravinia has acquired over $250 million of assets under management (“AUM”). The company has completed transactions ranging from $15-$200 million, aspiring to $500-$1 billion of AUM.

Prior to Ravinia, Mr. Solomon held leadership roles in high-growth real estate businesses. These included Avison Young (US) Capital Markets (as Leader), Heico Realty Capital (co-Founder), Trizec Properties, Inc. (SVP Acquisitions) and Soros Fund Real Estate (EVP).

Mr. Solomon is a graduate of Georgetown University’s School of Foreign Service and holds an MBA from the University of Pennsylvania’s Wharton School. He is a member of various community and professional organizations, including ICSC, Urban Land Institute (ULI), and various other real estate organizations. He has been an active panelist as an owner/operator/family office member at various real estate, alternative asset and private-wealth conferences.

Paul Kang Paul Kang
President/CIO
ALTACAP

Paul began his 25 year investment and merger advisory career at Goldman Sachs in New York. He also served as CEO of AltaCap Group focusing on cross-border merchant banking with offices in New York, Seoul, Tokyo, Hong Kong, London and San Francisco. He began his career as a brand manager at Procter & Gamble in Cincinnati. Currently he focuses on investments for his family with broad portfolio construction mandates and specific private equity efforts in the Americas and Asia. He has also served for over 15 years on investment committees ranging from $50 million to $50 billion. He received his AB in mathematics from Harvard and his MBA from Stanford.

Marcia Nelson Marcia Nelson
Managing Director
ALBERLEEN GROUP

Marcia Nelson is Managing Director of Alberleen Family Office Solutions and is responsible for client marketing and development of Alberleen's network of family offices and private investors. Ms. Nelson has a 20 year track record of working with family offices and their advisors, collaborating with other families, and creating thought leadership around impact investing and philanthropic giving. She started her career working for an ultra-high-net-worth philanthropic family and subsequently managed business development and relationship management in the areas of estate planning, finance, and accounting at firms including FMV Opinions, Marcum, and Anchin, Block & Anchin.

Ms. Nelson is passionate about women's issues, having founded Deals and Divas, an educational and networking organization focusing on engaging and supporting women entrepreneurs. She serves on the board of The Association for Corporate Growth -ACG- NY where she chairs programming and is a member of the Family Office Committee. A Utah native, Ms. Nelson earned her BA from Southern Utah State College and her MBA in finance and tax from Fordham University.

Speakers

James R. Solomon

James R. Solomon

Managing Principal

RAVINIA CAPITAL GROUP

Mr. Solomon, managing partner of Chicago-based Ravinia Capital Group LLC (www.raviniagroup.com) is a 25 year real estate professional with both public market and private equity market real estate experience. Mr. Solomon has been responsible for the investment, financing or sale of more than $5 billion of office, industrial, retail and multi-family real estate. These transactions include single-asset and portfolio investments, equity joint ventures, distressed debt acquisitions and other real estate assets.

Mr. Solomon founded Ravinia in 2013 to acquire value-add and core-plus office, industrial, retail and multi-family real estate in four US submarkets; Chicago, Southeastern US, Texas, and Phoenix/Scottsdale. Since late 2013, Ravinia has acquired over $250 million of assets under management (“AUM”). The company has completed transactions ranging from $15-$200 million, aspiring to $500-$1 billion of AUM.

Prior to Ravinia, Mr. Solomon held leadership roles in high-growth real estate businesses. These included Avison Young (US) Capital Markets (as Leader), Heico Realty Capital (co-Founder), Trizec Properties, Inc. (SVP Acquisitions) and Soros Fund Real Estate (EVP).

Mr. Solomon is a graduate of Georgetown University’s School of Foreign Service and holds an MBA from the University of Pennsylvania’s Wharton School. He is a member of various community and professional organizations, including ICSC, Urban Land Institute (ULI), and various other real estate organizations. He has been an active panelist as an owner/operator/family office member at various real estate, alternative asset and private-wealth conferences.

David Eyzenberg

David Eyzenberg

President

EYZENBERG & COMPANY

David Eyzenberg is President of Eyzenberg& Company, a NYC-based real estate investment bank with core competencies in arranging debt, preferred equity and mezzanine loans, and joint venture equity for existing, transitional and to-be-built projects. Additionally, Mr. Eyzenberg is a partner at Anika Equities, a private equity vehicle focused on the creation and acquisition of ground leases. Complementing his professional endeavors, Mr. Eyzenberg teaches graduate real estate finance studies in the New York University Schack Institute’s Masters of Science in Real Estate and NYU Stern MBA programs.

Mr. Eyzenberg previously was a principal and U.S. lead for the real estate capital raising practice of Avison Young. He co-founded and oversaw a group that during his tenure expanded throughout multiple offices and consummated well over $1B of financing transactions.

Prior to Avison Young Mr. Eyzenberg was a managing director and head of commercial real estate for NewOak Capital, a New York-based financial advisory firm. There, Mr. Eyzenberg completed multiple property financing and CMBS/CRE CDO valuation assignments. His tenure at NewOak began in 2011 after its acquisition of the investment banking practice of Eyzenberg’s Prodigious Capital Group, where Mr. Eyzenberg served as president since 2005. Prior to running Prodigious Capital Group, Mr. Eyzenberg was associated with several boutique real estate investment banks. Mr. Eyzenberg began his real estate career on the buy side working for Merrill Lynch, Ramius Capital Group and Greenstreet Partners.

Mr. Eyzenberg is a graduate of New York University, where he received a Bachelor's Degree and a Master's Degree in real estate finance and investment. He serves as president of the NYU Schack Real Estate Institute alumni board and also sits on the department's advisory committee. Mr. Eyzenberg is an active member of ULI, ICSC, RELA and MBA, and is a frequent speaker at industry events.

Peter J. Auerbach

Peter J. Auerbach

Chief Investment Officer & Co-Founder

NCP ENTERPRISE FUNDS

Peter Auerbach brings 14 years of investment experience to Northstar and throughout his career has personally overseen the acquisition of over $800 Million of real estate assets comprising over 6,000,000 SF. Most recently, Peter was Chief Investment Officer of ALTO Real Estate funds. During his tenure, ALTO Fund II purchased 36 assets with a value of over $540 Million. Prior, Peter was a Director in Real Estate Acquisitions for Wexford Capital, a $4 Billion private equity and hedge fund, whose portfolio consisted of over $1 billion in property value. Peter was the head of acquisitions for Property Resources Corporation, a New York Multi-family owner operator, and was Head of Financial Analysis for Grubb & Ellis in New York.

Peter started his career in the asset management and investment banking divisions of Merrill Lynch and Credit Suisse. He is currently an adjunct professor at New York University and sits on the board of United Cerebral Palsy of New York. Peter holds a BS in Finance from Lehigh University where he graduated as Senior Class President and delivered the key note address at his graduation.

 

Alexandra K. Levin

Alexandra K. Levin

Director, Municipal Securities Division

CITI

Alexandra Levin manages Citi Community Capital’s Strategic Investments platform, which is responsible for all non-tax credit social impact equity investing into funds and partnerships on behalf of the bank. The Strategic Investing business targets a wide range of sectors such as affordable housing, educational facilities, healthcare, venture capital and small business finance, renewable energy and energy efficiency, and economic development. Through the Strategic Investing business, Citi has invested over $1.2 billion into innovative, impact investments across the United States.

Prior to her work in Citi Community Capital, Ms. Levin worked in several sales and trading capacities within Citi’s capital markets division, including on Citi’s distressed municipal bond trading desk. Ms. Levin’s work in municipals involved creating and executing work-outs of distressed municipal projects, including affordable housing, land, power plants, and office buildings.

Ms. Levin has guest lectured on social impact investing at Columbia University’s School of International and Public Affairs and has spoken in a number of other forums including at Wharton Social Impact, Harvard Women in Business and Global Impact Investing Network conferences.

Ms. Levin graduated cum laude from Harvard with a degree in Philosophy and a citation in Russian. She is active in a number of local non-profit boards and charities, including the National Multiple Sclerosis Society and the Horace Mann School. In her spare time, she enjoys high altitude mountaineering and has summited a number of mountains around the world including Denali, Aconcagua and Elbrus.

Bohdy Hedgcock

Bohdy Hedgcock

Senior Vice President

CLARION PARTNERS

Bohdy Hedgcock is a Senior Vice President and Assistant Portfolio Manager for the Clarion Ventures funds, a series of closed-end opportunistic investment vehicles. Bohdy shares responsibility for all facets of Fund management, including acquisitions, dispositions, asset management and investor communications. Previously, he worked with the firm’s Investment Research Group, where he was involved in the underwriting of more than $2.0 billion in acquisitions, including several of the early investments in CDV III. Bohdy joined Clarion Partners in 2007 and began working in the real estate industry in 2001. He is a full member of the Urban Land Institute.

Gregory Rush

Gregory Rush

Managing Member

RUSH CAPITAL PARTNERS

Gregory Rush established Rush Capital Partners (“RCP”) in September of 2015 to focus on distressed, value-add and opportunistic real estate investments targeting opportunities throughout major markets in the United States and Europe. Currently Mr. Rush is working with a $36 billion global investment manager to source and execute the best risk-adjusted real estate investments including structured debt, preferred equity and equity investments on behalf of their various investment vehicles.

In 2016, Mr. Rush also established Atwell Care Management LLC a platform created to own and operate assets in the behavioral healthcare space.

Prior to founding RCP, Mr. Rush was a Partner, Managing Director and Member of the Investment Committee at Dune Real Estate Partners (“Dune”). Since joining Dune in 2005, Mr. Rush was responsible for sourcing, executing and managing an investment portfolio which included distressed, value-add, opportunistic, and contrarian investments across multiple asset classes in the United States and Europe. His investing experience includes investments in existing, ground-up and redevelopments including the repositioning of mixed-use projects, hotels, retail, office and residential real estate including single-family land.

Prior to joining Dune in 2005, Mr. Rush was an Executive Director in Morgan Stanley's Real Estate Investment Banking Group, which he joined in 2000. Prior to Morgan Stanley, Mr. Rush spent three years in the Real Estate Investment Banking department of Merrill Lynch. At Morgan Stanley and Merrill Lynch, Mr. Rush's experience included advising on mergers, acquisitions and restructurings and raising public and private capital for companies in various sectors of the real estate industry including hospitality, retail, office, multifamily, land development and restaurant finance. From 1993 to 1995, Mr. Rush was a financial analyst with Vornado Realty Trust.

Mr. Rush has been involved in structuring and executing over $60 billion of real estate and real estate-related investment, advisory and capital markets transactions.

From March 2016 through January 2017, Mr. Rush served on the Board of the Directors of NorthStar Realty Finance Corp. (NYSE:NRF), a publicly-traded, diversified commercial real estate company that was organized as a REIT. Mr. Rush was one of two members on the Special Committee that led NRF through its tri-party merger with NorthStar Asset Management and Colony Financial which established Colony NorthStar (NYSE:CLNS), the fifth largest global real estate management firm with $58 billion of assets under management.

Mr. Rush is a Full Member of the Urban Land Institute and is Vice Chair for the Urban Development and Mixed-Use Council (Green Flight). Mr. Rush sits on the Board of Trustees for the Children’s Medical Fund of NY and on the Board of Directors for the Jericho Athletic Association.

Mr. Rush holds an M.B.A. (with Distinction) from the Leonard Stern School of Business at New York University in 1997 and holds a B.A. from the University of Pennsylvania in 1992.

Jeffrey Carswell

Jeffrey Carswell

Partner, Capital Markets

THE SHIDLER GROUP

Mr. Carswell is a Partner of The Shidler Group, a financier in the field of real estate investing debt and equity capital into properties and creating and capitalizing new real estate-related companies. Mr. Carswell focuses on the financing of new acquisitions and the development of joint venture relationships with capital and operational partners. As such, Mr. Carswell has employed his in-depth knowledge of securitized markets and structured finance solutions to lead the structuring and funding of debt instruments totaling in excess of $2 billion.

Mr. Carswell joined the Shidler Group in 2011 as Director of Capital Markets of Alliance Partners, one of The Shidler Group’s affiliated companies, where he led the acquisition and financing of office and industrial assets valued at $750 million. Mr. Carswell also led the formation of the Shidler Group's joint venture hospitality platform that acquired over 3,700 keys in the span of 24 months.

Prior to joining the Shidler Group, Mr. Carswell was the founder and CEO of Oak River Capital LLC, a boutique investment-banking firm focused on capital raising and restructuring advisory services.

Mr. Carswell holds a Bachelor of Arts degree in psychology from Villanova University and is a frequent speaker at industry events.

Paul Kang

Paul Kang

President/CIO

ALTACAP

Paul began his 25 year investment and merger advisory career at Goldman Sachs in New York. He also served as CEO of AltaCap Group focusing on cross-border merchant banking with offices in New York, Seoul, Tokyo, Hong Kong, London and San Francisco. He began his career as a brand manager at Procter & Gamble in Cincinnati. Currently he focuses on investments for his family with broad portfolio construction mandates and specific private equity efforts in the Americas and Asia. He has also served for over 15 years on investment committees ranging from $50 million to $50 billion. He received his AB in mathematics from Harvard and his MBA from Stanford.

Marcia Nelson

Marcia Nelson

Managing Director

ALBERLEEN GROUP

Marcia Nelson is Managing Director of Alberleen Family Office Solutions and is responsible for client marketing and development of Alberleen's network of family offices and private investors. Ms. Nelson has a 20 year track record of working with family offices and their advisors, collaborating with other families, and creating thought leadership around impact investing and philanthropic giving. She started her career working for an ultra-high-net-worth philanthropic family and subsequently managed business development and relationship management in the areas of estate planning, finance, and accounting at firms including FMV Opinions, Marcum, and Anchin, Block & Anchin.

Ms. Nelson is passionate about women's issues, having founded Deals and Divas, an educational and networking organization focusing on engaging and supporting women entrepreneurs. She serves on the board of The Association for Corporate Growth -ACG- NY where she chairs programming and is a member of the Family Office Committee. A Utah native, Ms. Nelson earned her BA from Southern Utah State College and her MBA in finance and tax from Fordham University.

Media Partners

Think Realty

At Think Realty, we believe in the positive, life-changing impact of real estate investing. Our mission is to help investors achieve their goals of building wealth, better managing time and living a life full of purpose. That’s why we’re dedicated to being the central source for connecting investors - like you - with all the resources you need to succeed! By offering choices for membership levels, you can determine what option is right for you and your investment strategy. From access to insights, articles and industry tips and trends to comprehensive educational tools, including video courses from Think Realty Coaches and access to events nationwide, Think Realty is your go-to partner for success.

Private Equity Wire

Private Equity Wire  is the private equity industry’s  leading portal on news and topical features, including updates on new fund launches, investment trends, regulatory news and distribution strategies, and a regular series of market surveys and product profiles.  Private Eq uity WIre produces a free daily newsletter covering essential news and features within the private equity industry and a series of special reports. Click here to access  www.privateequitywire.co.uk.

Real Estate Investment Times

Real Estate Investment Times is a news-focused source exclusively covering the global real estate investment markets. The publication tracks US and international companies, providing insights into REIT operations around the world.

In a fast-paced and dynamic industry, REITimes will keep readers abreast of the latest news in areas such as deals, research, regulation, trends, data, technology, conferences and appointments. It will be at the forefront of highlighting new trends, and point to the latest opportunities within the industry.

In addition to exclusive news, Real Estate Investment Times will provide expert commentary and analysis, helping professionals to better understand exactly how market events impact them. The publication will also include feature articles and interviews to keep you up to date with the thoughts and opinions of today’s industry leaders

Hedge Connection

Hedge Connection has been helping managers and investors through web-based research, events and advisory work since 2005. Hedge Connection is the first and only internet- based platform that offers hedge funds direct access to a membership of opt-in qualified active hedge fund allocators. Investor members join for free and gain access to detailed information on hedge fund members. All members receive invitations to member`s only events and partner discounts. Learn more and Join the Club at www.hedgeconnection.com

Family Office Networks

Family Office Networks is a unique collection of different Family Offices located throughout the world that is able to bring the financial industry and financial professionals to various single family and multi-family office locations. We are able to offer a diverse list of financial management services to millions of wealthy individuals and their families. For more information, please visit www.familyofficenetworks.com.

ETF Express

ETF Express is the ETF’s industry’s  leading portal on news and topical features, including updates on new fund launches, investment trends, regulatory news and distribution strategies, and a regular series of market surveys and product profiles.  ETF Express produces a free daily newsletter covering essential news and features within the exchange traded funds industry and a series of special reports. Click here to access www.etfexpress.com

Hedgeweek

Hedgeweek is the hedge fund industry’s leading portal on news and topical features including updates on new fund launches, investment trends, regulatory news and distribution strategies, and a regular series of market surveys and fund manager interviews.  Hedgeweek produces a free weekly and a daily newsletter covering essential news and features within the Hedge Fund industry.  Click here to access  www.hedgeweek.com.

Wealth Adviser

Wealthadviser offers investment fund  news and information, research and fund data for wealth advisers and private banks working in the advisory industry around the world.  Wealthadviser offers a daily newsletter service and a full web site with fund data designed to help wealth advisers. For more information, please visit www.wealthadviser.co.

Property Funds World

Property Funds World is the property fund industry’s leading portal on news and topical features, including updates on new fund launches, investment trends, regulatory news and distribution strategies, and a regular series of market surveys and fund manager interviews.  Property Funds World produces a free weekly and a daily newsletter covering essential news and features within the property fund industry as well as an extensive special reports series.  Click here to access  www.propertyfundsworld.com

The Plaza The Plaza

The Plaza

770 Fifth Avenue

New York, NY

 

(212) 759-3000

http://www.fairmont.com/the-plaza-new-york/

 

One of America's most celebrated hotels, The Plaza Hotel is a timeless cultural landmark. Located at Fifth Avenue and overlooking picturesque Central Park South, this luxury hotel was constructed in the most fashionable residential section of New York City. 

 

To make a reservation under the event room block, please contact the reservation department directly at 1-866-940-9361 and mention iGlobal Forum. Guests are also welcome to secure accommodations via our booking linkPlease note that the deadline for all reservations is June 9th, 2017.

Guests are welcome to secure accommodations at the neighboring Park Lane Hotel, located just down the block from The Plaza. To book a reservation via telephone at The Park Lane, please call 866-831-7211 & request that your reservations agent apply the iGlobal Forum Corporate Rate, or visit our personalized weblink for a 15% discount.

  • Register by
    Individual Workshop
    Full Workshop Pass
  • May 15, 2017
    $249
    $599
  • May 25, 2017
    $299
    $699
  • June 5, 2017
    $349
    $799
  • June 14, 2017
    $399
    $899

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