Asset & Portfolio Management
12 DAYS TO THE EVENT
Jun 08, 5:30 PM
Convene, 530 5th, NYC

You attend meetings to network. At NAREIM, we honor the investment of your time by ensuring our networking, activities and content is focused on helping you build personal relationships with peers, who are facing the same challenges and opportunities as you. 

The NAREIM Asset & Portfolio Management meeting is just the place to build genuine relationships and friendships.

 

Registration fee: $695

Convene Vaccination Policy, as of April 28, 2022: 

  • Masks: Masks are not required indoors in NYC.

  • Vaccines: For all meeting attendees, Convene requires proof of vaccination or proof of negative test (rapid or PCR) taken within 48 hours of meeting date. Negative results (rapid or PCR) must be conducted by a laboratory and accompanied by a digital readout/letter stating the attendee’s full name and the date and time the test was performed. Convene will not accept a physical rapid test as proof of a negative.

  • This policy will be updated regularly according to local, city and state mandates.

attending firms


Alidade Capital; Barings Real Estate Advisors; BlackRock; Brennan Investment Group; CBRE Investment Management; DWS; ElmTree Funds; Fifth Wall; Invesco Real Estate; JPMorgan Chase; KKR; LaSalle Investment; Lendlease; MetLife Investment Management; New York Life Real Estate; Nuveen Real Estate; Oxford Properties Group; Partner Engineering & Science; Pennybacker Capital; PGIM Real Estate; Piedmont Office Realty Trust; Prologis; RealFoundations; StepStone Group; Stockbridge Capital; Voya Investment Management, Yardi & more.

AGENDA

 

Wednesday, June 8

As part of the Portfolio & Asset Management meeting, we invite members to join peers for a fun networking evening at NYC's renowned Institute of Culinary Education. From 5.30pm members will enjoy cocktails and a tour of the chef school, before getting hands-on competing with peers for the best dish of the evening. 

  • 5.30pm: Networking drinks and chef school tour

    • Institute of Culinary Education, 225 Liberty Street (Brookfield Place)

  • 6pm: Asset & Portfolio Management cook-off

  • 7pm: Dinner & drinks

  • 9pm: End of networking

Thursday, June 9

 

8am: Breakfast

 

8.55am: Welcome comments

  • Chair: Shilp Shah, Nuveen Real Estate

  • Co-chair: Rob Naso, BentallGreenOak

  • NAREIM: Sanyu Kyeyune, Head of Programming

 

9am: "What's on your mind?" 

  • Session leader: Melissa Warren, Portfolio Management, Americas, Nuveen Real Estate 

 

Small-group brainstorming: At easels in groups of no more than 6, NAREIM members will jot down 3 issues top of mind.

Whole-room feedback: Then, we reconvene the groups to exchange best practices, challenges faced and lessons being learned. 

  • Format: 45-mins small-group exercise, plus whole-room feedback

9.45am Alternative Asset Classes: Member case studies with Q&A

 

  • Session leaders:

  • Ed Siddons, Executive Director, PGIM Real Estate

  • Rob Naso, Managing Partner & Head of Asset Management, BentallGreenOak

  • Shilp Shah, Director, Portfolio Management, Nuveen Real Estate

Case study reviews: Investment managers from NAREIM member firms will share market observations, what’s working and what’s not working as they grow and scale their investments into alternative property sectors, including: 

 

  • Single-Family Rentals

  • Built-to-Rent

  • Manufactured housing

  • Self-Storage

  • Medical Office

  • Life Sciences​

Whole room Q&A: During a whole room discussion, members also dive into key issues facing asset and portfolio managers. Questions may include:

  • Where do you see headwinds?

  • What are you doing to consolidate multiple streams of asset-level data?

  • How do you use this data to come up an actionable process for assets and a portfolio?

  • Incorporating ESG data into the acquisitions process: Where are you and what are the lessons learned?

  • What are the most impactful strategies by asset class?

  • Format: 20-mins presentation, 30-mins whole-room Q&A)

10.35am: Break

 

10.50am Portfolio-level ESG strategies: Small-group workshop & reporting back

  • Speakers: Jessica Esposito, LEED AP, National VP, Brightpower and Brittany Ryan, Responsible Investment Professional, Nuveen Real Estate

Supply chain challenges, material and labor shortages are impacting pricing, returns and performance across property types—Covid only highlighted these issues. Which ESG strategies are adding the most value to at the portfolio level? Where is your organization seeing the greatest impact?

 

Through this multi-format session NAREIM members work through two key issues: 

 

  • Value-add best practices: In small groups of no more than 6, members discuss how they are implementing and measuring the impact of ESG strategies across portfolios. Questions include:

    • What creative underwriting strategies are you applying to get complex deals over the finish line?

    • Which actions are you taking to drive value with obsolete/distressed office stock?

  • Getting to Net Zero:

    • How are you executing decarbonization & data gathering strategies?

    • What’s working vs. not working at the portfolio and asset-level?

  • How to measure impact: You’ve compared strategies, now how do you drive results? What makes a difference, and what’s not worth your time? During a whole-room Q&A, members discuss the tools and resources they would and are using to improve portfolio management processes and reporting around ESG initiatives.

    • The “S & G” in ESG: How do you track social and governance-related metrics? What are you tracking and how? How does S & G data reporting vary by asset type? How is the data/analysis reported out?​

 

  • Format: 45-min small-group roundtables plus 15-mins whole-room Q&A

 

11.50am NAREIM Asset Management Processes survey review & update

  • Speaker: Robert L. Jones, Managing Director, Alidade Capital

Members will offer live feedback on the NAREIM Asset Management survey initially developed in 2021. Questions included cover:

  • Frequency of asset management team meetings and communications with Executive/Investment Committees

  • Integration in the Acquisitions/Transactions process: at what stage does AM get involved?

  • Staffing and structuring teams: by risk spectrum, property type, vehicle/fund, etc.

  • Process for reviewing deal progress and updates

  • Key topics raised during scheduled AM meetings vs. ad hoc meetings

  • How to improve communication with acquisitions/transaction colleagues about asset operations, management intensity and deal handover

  • New ways of working, collaboration and communication in hybrid model

 

  • Format: 30-mins whole-room Q&A

 


12.20pm Networking Lunch

1.20pm: Asset & Portfolio Management in Action! A friendly competition  

Join your peers for a friendly competition. In groups of up to 6 people, each team will participate in a collaborative challenge, and learn something new about iterative processes and their applications in real estate data strategy.

Format: 30-min small group workshop plus whole-room Q&A

 

1.50pm: Budgeting post-Covid: Construction & redevelopment costs

 

  • Speakers: Ben Byrne, Portfolio Manager, Lendlease and Brooke Nicholson, Senior Development Operations Manager, Lendlease

  • Introduction by: Justin Lia, PE, LEED AP, Managing Director, Partner Engineering and Science, Inc.

 

How are you managing and monitoring development risk post-Covid and how are you anticipating cost problems downstream? NAREIM members dig into the new realities of construction and redevelopment following Covid and discuss strategies for improved process, execution - and budget monitoring. 


Questions may include:

  • What actions have you taken that have improved communications among managers, JV partners and developers?

  • How are new ways of working changing the outlook for construction, development and redevelopment? What connectivity considerations need to be taken into account?

  • Property type variances. What’s the reality by property type?

  • Polyiso board shortages: Which alternatives are managers looking at to complete large scale roof replacement projects? What are the costs, and where is the best bang for the $?

 

  • Format: 15-mins case study presentation, 30-mins whole-room Q&A

2.35pm: Break

 

2.50pm: Mapping the PropTech Landscape--Where are the next opportunities?

  • Speaker: Brad Greiwe, Co-Founder & Managing Partner, Fifth Wall

  • Introduction by: David Stanford, Enterprise Managing Consultant, RealFoundations 

 

Case study:  Members will hear updates on solutions in development by PropTech firms and their impact on property investment and operations of underlying assets. Issues to be raised include:

 

  • What is the current stage of the PropTech market, and how did we get here?

  • Where, by which players and how much capital is being raised and invested?

  • What does the array of startups look like today?

  • Who are the key innovators, and what outcomes that have they achieved?

  • Which horizontal solutions are going deep into markets? What's working well, and what needs improvement?

  • What strategies and opportunities are LPs targeting​?

  • What are the actions that achieve the best results? How do you accelerate impact?


Whole-room Q&A: As a group, we will also dive into key challenges of assessing and applying PropTech solutions to your portfolios. Questions may include:

  • There are so many choices - how do I get started and choose a few?

  • Adoption at scale - what can I do to seed the disruption and have it "stick" with my ecosystem?

  • Stabilization - when does a change become simply a part of the business and "normal"?

  • After raising the capital, what parts of the platform still need solutions?

  • What do LPs demand, and how to push adoption downstream?

  • What is on the horizon that excites you?

  • Format: 25-mins presentation, 25-mins whole-room Q&A

 

3.40pm End of Meeting

LOCATION

Convene​

530 Fifth Avenue

New York, NY 10036

convene5305th.jpeg

NAREIM does not have a hotel room block for the Portfolio & Asset Management Meeting. However the following hotels are located close to Convene:

Nearby hotels:

2022 committee members

Chair: Shilp Shah, Nuveen Real Estate

Co-chair: Rob Naso, BentallGreenOak

Robert L. Jones, Alidade Capital

John Ockerbloom, John Kennedy & Maureen Joyce, Barings

Dara Friedman, BentallGreenOak

​​John Kjelstron & Joe Nowicki, Chatham Financial

Rick Gnann, Comstock Companies

Allison McFaul, LaSalle Investment Management

Paul Wasserman, KKR

Marrison Maxwell, MultiGreen Properties

Derrick McGavic, Newport Capital Partners

Melissa Warren, Nuveen

Bob Geiger & Justin Lia, Partner Engineering & Science

Frank Garcia, PGIM Real Estate

Drew Stepanek, Stockbridge Capital

David Stanford, RealFoundations

Brian Cheeseman, RXR

Past agendas

2021

2020

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.