The Changing Winds in the Real Estate MarketMonday, April 30, 2012
9:30 AM - 10:45 AM
Jonathan Goldstein, Deputy Chief Executive, Heron International
William McMorrow, Chairman and CEO, Kennedy Wilson
David Simon, Chairman and CEO, Simon Property Group Inc.
Barry Sternlicht, Chairman and CEO, Starwood Capital Group
Sam Zell, Chairman, Equity Group Investments
U.S. real estate markets seem to be recovering, but there are significant differences in performance across asset classes and geographies. How are participants positioning themselves, and who is providing the financing? Where are the best opportunities: commercial, retail, industrial, multi-family, hospitality or other sub-sectors? Retail sales are showing surprising strength, office vacancy rates are inching downward, apartment rental rates are rising and hotels have more occupants. Is debt or equity financing the way to engage? Is the capital coming from private equity, hedge funds, pension funds, life insurers or REITS? What new opportunities are markets overlooking from repositioning existing assets to financing new projects? How does this performance compare internationally?