Wednesday, Oct 4

​

• 12.45pm: Welcome lunch followed by group activity at the Olympic Park Village - activities may include alpine slides and tubing down the downhill practice ski slope. Meet at the Goldener Hirsch Hotel, Deer Valley.

​​

• 1.45pm: Transportation will be provided to the Olympic Park Village​

​​

• 6.30pm: Networking drinks and dinner at the Goldener Hirsch

​

 

Thursday, October 5

​

• 6.45am: Morning hike

​​

• 8am: Breakfast

​​

• 9am: Welcome comments

  • Josh Myerberg, Morgan Stanley Real Estate Investing & Chair of the NAREIM Board of Directors,​

  • Kristin Renaudin, Stockbridge Capital & Vice-Chair of the NAREIM Board of Directors

  • Zoe Hughes, NAREIM

 

​

• 9.10am: Skills mismatch: What roles do you need right now and in 2033?

How do you hire talent today in preparation for the next cycle? Do you face a skills mismatch having hired too many transactions professionals? What about ESG? Tech? How do you think about your skills gap for the next decade?

 

NAREIM members share how they are thinking about their future organizational strategies, what skills they need and how to upskill existing talent. This session is conducted in two parts.​

 

• Session leaders:

  • Julie Ingersoll, CBRE Investment Management 

  • Bobby Bransfield, Prologis

 

• 25-min Q&A presentation: NAREIM members discuss real-time skills mismatch data as well as staffing trends cycle-over-cycle. Led by Lucy Bertsch and Scott McIntosh, Directors at Ferguson Partners, members review:

  • Staffing ratios by functional group per $1bn of AUM and per $10m of revenue, cycle-over-cycle

  • Real estate investment management EBITDA margin performance

  • Exploring why employee counts by functional group and seniority have not changed over the past decade

  • Understanding the roles most in demand today and the impact on compensation packages cycle-over-cycle

 

• 75-mins: Peer discussions

  • Whole room format: Results from pre-meeting poll of attendees on current skills mismatches within REIM organizations – where are firms overweight/underweight on talent.

  • Roundtable format: Which functional roles/employees can be upskilled?

    • Each roundtable discusses how one functional group’s talents could be better utilized over the next decade and what additional roles or skills are needed to enhance the value to the organization.

    • What does it mean for your EBITDA margins in the long-run​

 

​

• 10.40am: Break

 

​

• 11am: Credit crunch 2023: What is the future cost of CRE debt?

Whatever the next cycle may bring, it’s likely to result in the use of less debt by real estate investment managers. But what does that mean for your portfolio and return? NAREIM members dive into a real-time update on the debt market – and discuss in whole room format what they expect the future capital stack to look like. 

​

• Session leaders:

  • Michael Byrne, AEW Capital Management

  • Molly Bordonaro, The Green Cities Company

​​

• Member Q&A with 2-3 lenders

  • NAREIM members submit questions pre-meeting to the CRE lenders, who then walk through anonymized origination, restructuring and give-back case studies.

• Whole room discussion:

  • What does the scarcity of capital mean for your portfolios and returns?

  • How are you pivoting your investment strategy and organization over the next 24 months and 5 years?

​

​

• 12.15pm: Lunch

​​

​

• 1.30pm: What's on your mind?

NAREIM's annual what's on your mind session provides a safe space to candidly share front of mind issues.

​

• Session leaders:

  • Josh Myerberg, Morgan Stanley Real Estate Investing

  • Kristin Renaudin, Stockbridge Capital

 

​

• 2.15pm: Break

​​

​

• 2.35pm: Office conversion case study: “You can check in, but you can’t check out.”

It’s the Hotel California of CRE, however what is the risk of physical obsolescence for US office and what options (and opportunities) do investment managers have regarding conversion of their existing (underperforming) office assets? NAREIM members walk through an office conversion case study understanding financial, zoning and scalability challenges.

  

​

• 3.15pm: Talent case studies

​​

• Session leaders:​

  • Matthew DeMonte, Revantage

  • Gemma Burgess, Ferguson Partners

​​

​

• 4.15pm: End of meeting​

​

• 6.30pm: Networking drinks and dinner, High West Distillery @ Blue Sky Lodge

​

​

Friday, October 6

​

• 7am-9am: Breakfast & departure

​​

Note, all topics are draft and subject to change