Executive Officer
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Executive Officer
Oct 06, 4:00 PM CDT
Live: Austin, TX

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 Executive Officer Meeting is just the place to build genuine relationships and friendships.

 

Small group discussions and roundtable sessions is the key to our content. We provide relaxed networking opportunities, where the focus is on friendship and discovering the personality behind the corporate name. And of course, NAREIM is about candid conversations. You come to NAREIM to learn - and share. NAREIM is about the sharing of best practice ideas, solutions, challenges and opinions. It's a place to explore new ideas among peers and friends. That will be no different in 2021.

Registration fee: $1,495

Agenda

October 6, 2021

​6pm-11pm: An evening at Lutie's Garden Restaurant

NAREIM members have full access to Lutie's restaurant, run by Executive Chefs Bradley Nicholson and Susana Querejazu both of whom have trained at three-Michelin-starred restaurants, for the evening to connect and talk with peers. The restaurant is located on the Commodore Perry Estate at 4100 Red River Street, Austin, TX.

Map.

 

 

 

October 7, 2021

Commodore Perry Estate hotel

7.45am: Breakfast​

Time to Rethink

Like frogs in boiling water, humans often fail to recognize emerging dangers because we are inherently reluctant to rethink our situation. We cannot spot the squeaking brakes and red flags in time and even our intelligence doesn't help us spot our biases. ​

 

As we look back on 2020, to a pandemic, to racial and gender equality, to environmental action, it's fair to say most of us didn't anticipate the events that ultimately took place. Now, as we begin our return to pre-Covid activities, ideas and goals, we need the time to think about where we are and what we have learned - and be empathetic to rethinking how we approach the challenges ahead.

 

8.55am: Welcome comments

  • Ryan Krauch, Executive Managing Director, USAA Real Estate & Chair of the NAREIM Board of Directors

  • Zoe Hughes, CEO, NAREIM

9.10am: Keynote Q&A with futurist Peter Schwarz: rethinking leadership

Peter Schwartz is the senior vice president for global strategic planning and government relations at Salesforce and his work (including, 'The Art of the Long View'; 'Inevitable Surprises') is considered by many to be seminal in scenario planning. HIs expertise in energy and climate helps guide his work helping organizations create alternative perspectives of the future and develop robust strategies for a changing and uncertain world.

  • This session will be conducted live, virtually to allow for all NAREIM Executive Officer members to participate

 

 

10.15am: Break

10.25am: Rethinking Return and Retention. What will be the new market for flexibility in 2022? Are your return policies competitive with peers? How many of your employees will leave to maintain a more flex work-life balance? Taken with  significant wage inflation, what will it take to retain talent post-Covid? Through proprietary analysis and small group roundtables, we dive into:

  • 40-mins: Compensation and margin trends analysis - what is market post-Covid?
    • Proprietary analysis on enterprise growth, AUM and EBITDA margins in 2021 

    • Proprietary analysis on the impact of Covid on total compensation and benefits

      • Speakers:

        • Erin Green, Managing Director and Head of Management Consulting, Ferguson Partners

        • Austin Morris, Managing Director, Compensation Consulting, Ferguson Partners 

  • 35-mins: Return & Retention. Members will discuss and report back on their short, medium and long-term strategies on flexible schedules, return and wage inflation and retention. Questions include:

    • The full return to office of every employee hasn't yet happened. So what is your policy on flex? What's your ratio going to be and is it competitive or "market"?

    • How is wage inflation impacting your ability to retain and recruit talent (senior, mid and junior)? How much do you need to pay in 2022 to hire and keep employees? 

    • What is the impact to margins in 2022? Is the new comp and benefits package sustainable for the long-term?

    • What are you most struggling with as you look to 2022?

      • Session and feedback round led by: Travis Pritchett, President & COO, Harbert Corporation Management

11.40am: Break

11.50am: Rethinking DEI. NAREIM is proud to present an update on the work of the DEI Committee since its launch in December 2019, including an industry-wide collaboration supporting the annual DEI Survey. Members are then asked to help set the DEI Committee roadmap over the coming 24 months, by discussing:

  • What’s most relevant to your organization in terms of DEI?

  • What’s most on your mind?

  • What’s your greatest challenge in relation to DEI?

    • Introduced virtually by: Kristin Renaudin, CFO, Stockbridge Capital Group & Chair of the NAREIM DEI Committee​

12.30pm: Lunch

Members will move tables for the afternoon discussions

1.30pm: Rethinking Demand: Where are the new sources of alpha? 

Format: 1.5-hour small group discussion with peers guided by expert analysis

  • Session introduced by: Matt Reidy, Partner, Fremont Realty Capital 

Challenge: Where are the new sources of alpha within private real estate coming from? And how do you execute on those strategies?​ NAREIM members discuss the past and future performance of traditional and alternative property types, before breaking into roundtables for intimate small group conversations on how peers are adjusting portfolios post-Covid – and what's next for returns?

 

  • 30-min: Presentation. Dave Bragg, Co-Head of Strategic Research, Green Street 

Green Street provides an overview of CRE performance pre and post-Covid, predicting how traditional property types will perform against alternative sectors in education, health care, housing and technology – and how the public market is responding, quickly, to a changing world.

 

  • 60-mins: Small group work. In groups of 5 or less, NAREIM members discuss:

    • 10-mins: Portfolio allocation changes – what are they changing? What is staying the same? How does it compare to the NAREIM member survey on portfolio allocation shifts post-Covid?

    • 30-mins: Who is the winner? Which property type will have the strongest 3-year performance in private real estate? Members will be assigned to tables and given one category of assets to review, from which they must answer the following two questions:

      • From their assigned category of assets, which property type will deliver the strongest performance between now and Dec 31, 2024?

      • For all CRE property types, which property type will deliver the strongest performance between now and Dec 31, 2024?

    • 20-mins: Reporting back

 

Assigned categories include:

  • Housing-related property: Student living, senior housing + care, single family rentals and affordable housing, manufactured housing

  • Healthcare-related property: Assisted living and memory care, medical office, life science

  • Technology-related property: Data centers, cell towers, studios

  • Traditional: Office, retail and hotels

 

Members must define their own measures of performance, but are invited to consider the following metrics

  • Financial: Historical and projected returns; durability of income; sector outlook; risk of operating leverage; scalability; transaction size

  • Capital: Investor appetite, capital markets and exit

  • Organizational: Asset by asset; REOC/PE operating company investment; organic build; programmatic JV; lift out of talent

 

3pm: Break

Wine and snacks will be served for the afternoon Q&A discussions.

3.10pm: Rethinking Demand - Mobility and migration: Where have the people gone? A whole room Q&A with Unacast. Unacast's data is used by hedge funds, tech companies, retailers, local and municipal governments and academics, Unacast's modeling provides insights into mobility, location and migration patterns post-Covid and helps challenge assumptions regarding demand drivers in 2021 and beyond. 

  • Katie Pugh, Director, Unacast

    • Introduced by: David Donato, Chief Operating Officer, Continental Realty Corporation

 

 

3.45pm: Rethinking Demand – Single family rentals. The property type is hardly an alternative strategy anymore, but what are the challenges when considering – or growing further – in the SFR business?

 

How do you deploy at scale, how do you capture returns at a meaningful level, what does the crush of capital targeting SFR mean for opportunity in the US – and internationally, how do you build your organization around the asset-intensive property type and how do you manage JV partners and local operators, are you ready for potential headline risk and having reporters sit outside your house? We discuss the lessons learned and future strategies for SFR with the leading experts in the field:

  • Fred Tuomi, former CEO of Invitation Homes and Starwood Waypoint Homes; COO of Colony American Homes, and EVP/President of Property Management, Equity Residential

  • Andrew Bartrop, Managing Director, Global Co-Head of Real Estate, Gaming, Lodging & Leisure Investment Banking, Deutsche Bank

    • Introduced by: David Stanford, Co-Founder, RealFoundations

 

4.30pm: End of meeting. Personal and work check-in time​

5pm: An evening with the "Socrates of BBQ", Wayne Mueller of Louie Mueller BBQ. 

  • Introduced by: David Stanford, Co-Founder, RealFoundations

NAREIM members will be hosted by Wayne Mueller at the original Louis Mueller BBQ restaurant in Taylor, outside Austin. Mueller is the third-generation owner/pitmaster of Louie Mueller, which was founded by his grandfather in 1949. Louie Mueller BBQ was awarded the James Beard Foundation 'American Classic" award in 2006 - the first BBQ restaurant in the US to receive the honor - and is regularly cited as the best BBQ restaurant in the US today.

The restaurant is located at West 2nd Street, Taylor, TX.

Transportation will be provided at the Commodore Perry Estate, from 5pm. Map

 

 

October 8, 2021

Commodore Perry Estate hotel

  • 7.30am-9am: Breakfast and departure

Reserve your room

Update, August 26:

The NAREIM discounted room block has been filled and the hotel is at capacity. Please see alternative hotels below

Commodore.png
Alternative hotels in Austin

Evening networking activities and dinners will be held off-site in Austin downtown during the NAREIM Executive Officer meeting. NAREIM does not have alternative room blocks, however alternative hotel options to the Commodore include

2021 pLanning committee members

Chair: Ryan Krauch, Mesa West Capital

Co-Chairs: Jane Page, Lionstone Investments

Todd Everett, Principal Real Estate Investors

Travis Pritchett, Harbert Management Corporation

 

Committee Members:

Christopher Nichols, Berkshire Residential Investments

Jonathan Epstein, BentallGreenOak

Stuart Bernstein, CapRidge Partners

June Munshi, CenterCap Group

David Donato, Continental Realty Group

Kathleen Briscoe, Dermody Properties

Elizabeth Peacock, Deloitte

Matt Reidy, Fremont Realty Capital

Brandon Sedloff, Juniper Square

Ross Berry, New York Life Real Estate Investors

Reisa Bryan, Nuveen Real Estate

Frank Garcia, PGIM Real Estate

Daryl Pitts, Pereview Software/Saxony 

Kristin Renaudin, Stockbridge Capital Group

David Stanford, RealFoundations

Greg Michaud, Voya Investment Management

Rick Hurd, Waterton Associates

Past agendas

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.