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Architecture, Engineering & Development
Architecture, Engineering & Development
117 DAYS TO THE EVENT
Sep 11, 2024, 6:00 PM CDT
Austin

meeting schedule

Wednesday, September 11: Manager only session

Location: CBRE Office, 500 W 2nd St, Suite 1700, Austin, TX 78701

  • 2pm: Manager-only group discussions

    • Please note this session is open only to real estate investment managers

  • 5pm: End of manager-only session

  • 6pm: Networking reception at Il Bruto, 1601 E 6th St, Austin, TX 78702. All attendees are welcome

Thursday, September 12

Location: Hotel Magdalena at 1101 Music Ln, Austin, TX 78704

  • 8am: Breakfast

  • 8.50am: Meeting discussions. See agenda below

  • 4.45pm: End of meeting

Registration fee: $775

Refund policy

In the event of cancellation, NAREIM will honor a full refund of the registration fee, except where a hotel room under the NAREIM room block has also been booked by the member. 

 

NAREIM will work with the member to reallocate the room to other NAREIM members and attendees. In the event that is not possible, NAREIM will be charged for that room. In that event the cost of the room will be deducted from the meeting registration fee and the remaining balance will be issued as a refund.

agenda

Wednesday, September 11

 

Investment manager-only session

Location: CBRE Office, 500 W 2nd St, Suite 1700, Austin, TX 78701

 

Please note this session is open only to real estate investment managers. All attendees are invited to the networking reception from 6pm.

 

1.30pm: Welcome comments

  • Co-chair: Jenalyn Groeschel, Property Risk Consultant, Northwestern Mutual Life Insurance Company

  • Co-chair: Ty Barker, Vice President, Real Estate Services, Unico Properties

 

1.35pm: Contingency risk: What is acceptable in 2024/25?

What is an acceptable construction risk contingency for your firm? How much risk are you truly willing to accept as an investment manager? During this manager-only discussion, NAREIM members share insights into contingency funds for hard and soft costs, as well discuss in groups:

  • How managers navigate key risks in today's inflationary and high rate market

  • Strategies for Architecture, Engineering & Development leaders in communicating contingency risk to deal teams and portfolio managers.

  • Session leaders:

    • Paul D'Alto, Managing Architect, Real Estate, MetLife Investment Management

    • Jenalyn Groeschel, Property Risk Consultant, Northwestern Mutual Life Insurance Company

2.35pm: Break

2.50pm: The use of consultants: Who, what and how do you utilize them?

In this manager-only discussion, NAREIM members dive into how they are utilizing consultants for current and future deals, and where they expect to grow/scale back the scope of work for Architecture, Engineering & Development consultants. As real estate investment management firms look to scale transaction volume - and increasingly move into operationally intensive property types - members ask questions relating to:

  • Where are consultants the most value-add? 

  • What are the primary scopes of work managers are utilizing consultants for?

  • How do leaders in AED communicate the value of consultants in an era when every cost is being counted?

 

Session leaders:

  • Belinda Bail, Managing Director, Development/US Environmental Officer, BGO

  • Joel Villamil, Director, UBS Realty Investors

3.45pm: Break

 

4pm: Presentation and public speaking workshop 

​You face a vast array of challenges – and have myriad stakeholders - as leaders in the field of architecture, engineering and development in real estate investment management business. It requires you to have expert knowledge of every variable that goes into buildings and construction, with the ability to sell and project manage like a deal person or Portfolio Manager. It’s a tightrope on which to walk. In this special NAREIM session, members come together for a presentation and public speaking workshop, where they will focus on their own professional development – and enhance their communication skills to better help juggling the challenges of their roles.

 

Session leaders:

  • Jenalyn Groeschel, Property Risk Consultant, Northwestern Mutual Life Insurance Company

  • Kerem Kuroglu, Development Manager, Prologis

 

5pm: End of Day One

6pm: Networking reception at Il Bruto, 1601 E 6th St, Austin, TX 78702. All attendees are welcome

 

Thursday, September 12

Location: Hotel Magdalena, 1101 Music Lane, Austin, TX 78704

 

8am: Breakfast


8.50am: Welcome comments

  • Co-chair: Jenalyn Groeschel, Property Risk Consultant, Northwestern Mutual Life Insurance Company

  • Co-chair: Ty Barker, Vice President, Real Estate Services, Unico Properties

 

9am: Construction estimating: Have you got a handle on estimating escalating costs?

How are you planning for and handling escalating costs in a world of inflation and high rates? Together with industry experts, NAREIM members discuss current market conditions in terms of construction costs and dig deep into strategies for contingency planning, estimating and mitigation, and how different markets are performing on costs.


Session leaders: ​

  • Casey Kuroda, Director of Construction Management, CBRE Investment Management

Speaker:

  • Mark Fergus, Executive Vice President, Cumming Corporation


10am: Break

 

10.15am: Weighing the cost-benefit: How to underwrite GC bond costs & subcontractor default insurance against the likelihood of failure

Are you getting increasing push-back from GCs on the cost of – and need for - bonds in the event of GC default/failure? How are you working with GCs to find solutions to this increasing burden on your construction partners? Through expert-led discussions and roundtable work, members dive into their how they underwrite this increasingly fraught negotiation, covering:

  • What are the top factors to consider when underwrite GC bond costs against the likelihood of failure?

  • Best practices for incentivizing GCs to carry a GC bond.

  • Best practices for subcontractor default insurance, including which trades to cover and for how much?

 

Session leaders:

  • Nick Brinker, Senior Vice President, Construction Services, Heitman

  • Sam Filisko, Subsidiary Regional Manager, ECS

 

11.15am: Break​

11.30am: Solar: The realities of execution and the cost of future proofing solar

​From leveraging scale to rapidly achieving portfolio goals, how do you think through the realities of installing solar? This session dives into executing installing solar at your assets, and most importantly, how do you future-proof that investment? Through speaker-led whole room Q&A, NAREIM members lessons learned from installing solar at properties – particularly multi-unit residential – and asks the burning question on managers’ minds: What is the real cost of future proofing the renewable technology?

 

Session leader: 

  • Matt Christy, Senior Vice President, AEW Capital Management

Speakers:​

  • Drew Carney, Head of Construction, Black Bear Energy

  • Ric SanDoval, Co-Founder, Executive Vice President, Green Generation

  • Chelsea Cole, Director, Program Management, Green Generation

  • George Stefan, Founder, Natemax

 

12.30pm: Lunch

 

1.30pm: Emerging fire risks of battery and energy storage systems

There doesn’t seem to be a day when we don’t hear about the precautions needed to deal with fires fuelled by EV and electric batteries. But what does that mean for CRE? How are you thinking through space requirements and accessibility, especially in existing assets and for stacked mechanical parking; what is the impact of ADA and building codes on installations and what are your strategies relating to fire separations and suppression? NAREIM members review current strategies on managing EVs and battery storage as well as debunk some myths. 

Session leaders:

  • Joel Villamil, Director, UBS Realty Investors

  • Ty Barker, Vice President, Real Estate Services, Unico Properties

Speakers:​​

  • Samir Mokashi, Global Service Line Leader, Building Codes & Performance-Based Design, Jensen Hughes​

  • Joshua Klyber, Principal of Accessibility & Universal Design, Jensen Hughes​

  • Steve Schneider, Senior Associate, Director of Fire Protection/Life Safety, Marx|Okubo 

 

2.30pm: Break

 

2.45pm: Indoor air quality: Red-flag tenants and the realities of IAQ strategies in a post-Covid world

Post-Covid all tenants are keenly focused on air quality – but what are current best practices for real estate investment managers in terms of indoor air quality (IAQ). The session looks at two key questions - which tenants should raise red-flags in terms of impacting an asset's IAQ? And how do you balance improved IAQ and the wellness of prospect and existing tenants against sustainability strategies and energy efficiency? NAREIM members look at practices relating to IAQ and TIs; monitoring and dealing with tenants who cause issues. 

 

Session leaders:

  • Andrew Coats, Managing Director, Head of US Real Estate Engineering & Development, Barings Real Estate Advisors

  • Gary Cohn, Director of Institutional A&E Services, Partner Engineering & Science

3.30pm: Break

 

3.45pm: Eyes to the future: Emerging environmental risks

NAREIM members walk through emerging environmental risks and what real estate investment managers need to be aware of in the coming years. After years of headline grabbing risks such as PFAs and Radon, what else do leaders in Architecture, Engineering & Development need to know to assess the environmental risk of proposed deals?

 

Session leaders:

  • Anne Faeth-Boyd, Director, Environmental & Engineering Services, Aegon Asset Management

  • David Ridley, Global Real Assets Development & Engineering, JPMorgan Asset Management

4.45pm: End of meeting

Please note this agenda is subject to change at any time. Please check back regularly for updates.

hotel & venues
Meeting location:

The NAREIM Architecture, Engineering & Development Meeting will take place in two locations in Austin, TX:

  • Wednesday, Sept 11: CBRE offices

  • Thursday, Sept 12: Hotel Magdalena 

Addresses:

CBRE Office

Note, the Sept 11 professional development session is for investment managers only

  • 500 W 2nd St, Suite 1700, Austin, TX 78701

Hotel Magdalena 

Note, the Sept 12 meeting sessions and Sept 11 networking reception at Il Bruto are open to all attendees.

  • 1101 Music LnAustin, TX 78704

SHOML - Dining Outdoor Seating 01 - by Nick Simonite.JPG
Hotel Room block

 

NAREIM has a small room block for the Architecture, Engineering & Development meeting. 

 

Please click here to reserve your room block at Hotel Magdalena.

To be eligible for the discounted room block, you must reserve your room no later than August 9, 2024.

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2024 pLanning committee members

Co-chair: Jenalyn Groeschel, Property Risk Consultant, Northwestern Mutual Life Insurance Company
Co-chair: Ty Barker, VP, Real Estate Services, Unico Properties

Anne Faeth-Boyd, Director, Environmental & Engineering Services, Aegon Asset Management
Matt Christy, SVP, AEW Capital Management
Andrew Coats, Managing Director, Head of U.S. Real Estate Engineering & Development, Barings Real Estate Advisors
Belinda Bail, Managing Director, Development/U.S. Environmental Officer, BGO
Casey Kuroda, Director of Construction Management, CBRE Investment Management
Sam Filisko, Subsidiary Regional Manager, ECS
Dave Ridley, Global Real Assets, Development & Engineering, JPMorgan Asset Management
Paul D'Alto, Managing Architect, Real Estate, MetLife Investment Management
Bob Geiger, Principal, & Gary Cohn, Director, A&E Services, Partner Engineering & Science
Cons Gattuso, Director Of Engineering, Piedmont Office Realty Trust
Kerem Kuroglu, Development Manager, Prologis
Anne Peck, VP, Head of ESG+R, TA Realty
Joel Villamil, Director, UBS Realty Investors

Past agendas

Disclaimer: NAREIM meetings are open to NAREIM members only and their guests. For further information on attending meeting or other NAREIM discussions, please contact Zoe Hughes, CEO. Please note that any executive who is not a NAREIM member, guest of a member or working in the real estate investment management industry will not be admitted to NAREIM events. NAREIM reserves the right to decline any registration. By registering for NAREIM events, you are consenting to NAREIM’s privacy policy. 

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