Hard Assets and the Economy: Real Estate Investing

The real estate market has continued to recover in the US and abroad, and as a result, we have seen new segments of the industry gaining strength. Demand among investors for diversification within their portfolios has led to an increase interest in Real Estate for investors seeking yield. The panel will focus on which segments of the market they see having sustainable growth in the future in both primary and tertiary markets.

panelists

Mark Grinis

Partner, Ernst & Young

Mr. Grinis is a partner in the real estate group of EY’s New York office, and leads the firm’s global Real Estate Private Equity practice.  He is the lead Partner for the firm's largest global accounts.  He has over 28 years of experience, and has served as lead advisor on over $50 billion of transactions.  While living in Japan for seven years, Mr. Grinis was the managing partner for EY's Asian Real Estate practice.  His clients included the leading securities firms, the Japanese government and the largest city banks and insurance companies.

Mr. Grinis has advised various ministries of finance and central banks for eight countries on strategies to address non-performing real estate investments.  He also was asked to present to the Japanese congress as a subject matter expert on distress real estate in the country’s financial institutions.

Mr. Grinis leads the firm’s 1,000 professionals globally that provide lead advisory, M&A and restructuring services to investors, creditors and sponsors for our real estate equity clients.

Mr. Grinis is also a sought-after speaker for all forms of media, including Bloomberg, CNBC, Fox News and NBC Nightly News.  He also has authored numerous articles on various real estate subject matters and has co-authored "The Guide to Distress Debt and Turnaround Investing”, and EY’s annual report, “Global Market Outlook: Trends in Real Estate Private Equity”.

Mr. Grinis received a Bachelor of Arts Degree in Economics from Claremont McKenna College. He is a licensed CPA in the states of New York, New Jersey, Georgia, Connecticut and California, and is a member of the American Institute of Certified Public Accountants.

 

Michael Nash

Senior Managing Director and Chief Investment Officer, Blackstone

Michael Nash is a Senior Managing Director of Blackstone and the Chief Investment Officer of Blackstone Real Estate Debt Strategies. Mr. Nash is a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors. He is also Executive Chairman of Blackstone Mortgage Trust, a NYSE listed REIT, and is the Chief Executive Officer and the Chairman of the Board of the Blackstone Real Estate Income Funds, which is a complex of registered closed-end funds.
 
Prior to joining Blackstone, Mr. Nash was with Merrill Lynch from 1997 to 2007 where he led the firm’s Real Estate Principal Investment Group - Americas. Prior to 1997, Mr. Nash held various positions with Barclays Bank, Bank of Nova Scotia and Deloitte Haskins & Sells.
 
Mr. Nash received a B.S. in Accounting from State University of New York at Albany, as well as an M.B.A. in Finance from the Stern School of Business at New York University.

 

Coburn Packard

Partner, Real Estate, Apollo Global Management

Mr. Packard is a partner and oversees Apollo’s real estate equity business in North America. Mr. Packard is responsible for all equity investments and fund raising activities on behalf of Apollo’s real estate funds throughout the North American region.

Prior to joining Apollo in 2010, Mr. Packard was a partner at Ridgeline Capital Group, where he led the firm’s investment activities. Previously, Mr. Packard spent ten years with Lehman Brothers Real Estate Private Equity, where as a senior principal, he was responsible for equity investments throughout the Americas. Mr. Packard was previously a member of Lehman Brothers' Real Estate Investment Banking group. Mr. Packard is a member of the Urban Land Institute and the Yale Real Estate Alumni Association board of directors.

Mr. Packard earned a B.A. in Ethics, Politics and Economics from Yale University.

 

Jerome C. Silvey

Executive Vice President and Chief Financial Officer, Starwood Capital Group

Jerome C. Silvey oversees all of the Firm’s partnership and property accounting, tax planning and compliance, investor relations, treasury operations, and debt financing and equity fundraising, and is a member of the Executive and Investment Committees.
 
Mr. Silvey joined Starwood in 1993 after 13 years with Price Waterhouse, where he served a variety of clients, including IBM and Olympia & York.
 
Mr. Silvey attended Colgate University in Hamilton, New York, graduating with a BA in mathematical economics. He earned his MBA from Rutgers Graduate School of Management. He is a member of the Board of Directors of Société du Louvre and Baccarat, as well as a member of the Editorial Board of Institutional Real Estate Investors, the Pension Real Estate Association and the Association of Foreign Investors in Real Estate (AFIRE).

 

Bradford Wildauer '88

Partner, AREA Property Partners / Ares Management

Mr. Wildauer joined AREA in 2003 and oversees AREA's Debt Funds business in North America, and is responsible for the lending activities of AREA Real Estate Finance Corporation. Prior to joining AREA, he worked for 14 years in capital markets and investment banking at Merrill Lynch, Schroder & Co. Plc and National Westminster Bank Plc. He began his career as a Satellite Engineer at RCA.
 
Mr. Wildauer earned a BS in Electrical Engineering and BA in Economics with honors from Bucknell University and an MBA from Columbia Business School.