Slide show: CommercialRE_SLIDES.ppt
Thursday, September 22, 2011
2 p.m. EST/11 a.m. PDT
The commercial real estate sector has made a comeback from its nadir a few years ago. Acquisitions of a variety of commercial properties are getting done while prices have come down to earth from the frothy peak of the market in 2007. Meanwhile, the lending markets have opened up with tighter standards, and the consequences from the sins of the past of loose lending have not completely healed with more potential damage possibly around the corner. According to Reuters, there's some $3.4 trillion in debt outstanding on commercial real estate loans for everything from office buildings to hotels to apartments. If lending increasingly tightens, buyers and sellers will be forced to alter their financing and investment strategies.
Join The Deal LLC as we explore the ever-changing dealmaking activities in the U.S. commercial real estate market. We'll look at what types of commercial properties are being targeted in the U.S., what the financing market for these acquisitions is and what refinancing options exist in today's market. Our experts will also analyze the factors behind dealmaking in this industry for the second half of this year and early 2012.
After listening to the 60-minute webcast full of in-depth analysis with our editor and notable dealmaking experts, you'll have a refreshed perspective on the key factors that will make the difference to your firm's future success.
The Deal LLC
managing director - global head of real estate strategic advisory practice, Houlihan Lokey, Los Angeles
Houlihan Lokey Inc.
Matthew Niemann is a managing director in Houlihan Lokey Inc.'s Los
Angeles office. He leads the firm's real estate strategic advisory group
and has advised an array of Fortune 500 and middle-market companies,
boards, lenders, sponsors and other constituents over the last 22 years.
Before rejoining Houlihan Lokey in 2008, Niemann spent three years with
Cerberus Capital Management LP and served as senior managing director
and chief strategic officer of GMAC ResCap (a Cerberus portfolio
company). He has been involved as a principal or adviser in a wide range
of real estate transactions throughout his career, including General
Growth Properties Inc., Erickson Retirement Communities, Capital Trust
Inc., Gramercy Capital Inc., Brandywine Senior Living, Kerzner
International, ResCap and GMAC Resort Finance. He has significant
experience in restructuring collateralized debt obligation and
commercial mortgage-backed security structured products, repurchase
agreements and other complex real estate financing vehicles. He has
advised investors in acquiring real estate assets, including several
Federal Deposit Insurance Corp. and Resolution Trust Corp. transactions.
He is a frequent speaker on real estate, M&A and restructuring
Niemann holds a law and finance degree from St. Louis University, where he served on the Law Review. He is a guest lecturer at the Kellogg Graduate School of Management at Northwestern University in Chicago; was a member of the Ph.D. dissertation committee, Webster University; and has been recognized by the K&A Registry as one of the leading restructuring investment bankers in the United States. He also served on the board of directors and executive committee of the Ronald McDonald Houses of Greater St. Louis. He is registered with Financial Industry Regulatory Authority Inc. as a general securities representative (Series 7 and 63) and a limited representative-investment banking (Series 79).
Schulte Roth & Zabel LLP
Jeffrey A. Lenobel is a partner in the New York office, where he chairs the Real Estate Group and serves on the firm's Executive Committee. He practices primarily in the areas of real estate restructuring, development, finance, sales and acquisitions. His clients include real estate funds, developers, borrowers, lenders and other financial institutions in their real
estate and capital markets activities, including workouts and restructurings, complex financing transactions, sales and acquisitions, developments,
funds, joint venture arrangements and other related matters.
Spencer G. Levy
executive managing director
CB Richard Ellis Capital Markets
As executive managing director for CB Richard Ellis Capital Markets, Spencer Levy is a part of senior management for the capital markets platform in the United States. He offers leadership for the following capital markets business lines: retail, strategic accounts-capital markets, recovery and restructuring services, and auction services. Prior to joining CBRE, he was a principal at Stifel, Nicolaus & Co. Levy was responsible for leading overall execution for several major merger and acquisition assignments.
Levy is a frequent lecturer at real estate industry events. He was the co-winner of the 2010 CBRE Gary J. Beban Teamwork Award, which awards professionals responsible for securing large awards using a multi-disciplinary approach. Levy earned a law degree from Harvard Law School and a Bachelor of Science in Industrial and Labor Relations from Cornell University.
Robert T. O'Brien
partner and vice chairman, U.S. real estate services leader
Deloitte & Touche LLP
Robert O'Brien serves as the U.S. and Americas real estate industry sector leader for Deloitte, serving on the leadership team for Deloitte's global real estate practice. Previously, he was leader of audit and enterprise risk services for the real estate industry and also led Deloitte's global real estate funds initiative. He has 28 years of public accounting and transaction experience, catering to publicly held and privately held clients in various industries with a focus on the real estate and hospitality industries. O'Brien has worked with some of the world's largest public REITs, hospitality companies, private equity real estate funds and real estate investors.
He has significant experience with real estate initial public offerings, acquisitions, dispositions, workouts and bankruptcies. He has also worked with a number of senior and mezzanine lenders, borrowers and investors on transactions and restructurings related to the current and previous real estate downturns.