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2017 N. Mendell

2017 N. Mendell

2017 N. Mendell, a newly-renovated 62,000 square foot loft building by Baker Development Corporation, is the first Class “A” office/industrial building targeting entrepreneurs to emerge in the epicenter of the newly-branded Lincoln Yards neighborhood of Lincoln Park. Situated along the Chicago River between Webster and Cortland in the North Branch Corridor in Chicago’s Lincoln Park neighborhood, 2017 N. Mendell has transformed this formerly ‘gritty’ industrial neighborhood into a new hub for Tech, Industry and Arts.

Speakers and Panels

Paul Souza

Paul Souza

Principal

Sansome Pacific Properties, Inc.

Bill Rogalla

Bill Rogalla

CIO

Zeller Realty Group

G. Joseph Cosenza

G. Joseph Cosenza

Vice Chairman - The Inland Real Estate Group

President - Inland Real Estate Acquisitions

Gerald Callaghan

Gerald Callaghan

Partner

Freeborn & Peters

Paul Souza

Principal

Sansome Pacific Properties, Inc.

Paul is also a Co-Founder and Director of Sansome Pacific Properties, Inc. whose primary function is sourcing, underwriting and executing on new acquisition opportunities for Sansome. To date, Paul has procured, negotiated and transacted north of $1.5b of real estate deals during his 23 year career. Paul specializes primarily in single tenant assets on a national basis in all product types including retail, office and industrial properties.

Prior to starting Sansome, Paul was a senior associate at Arroyo & Coates, Inc. for 10 years where he specialized in brokering single tenant properties nationwide.

Paul earned a Bachelor’s of Science Degree from Cal Poly in San Luis Obispo in 1993, where he played baseball for four years. Paul has been a member of the International Council of Shopping Centers (ICSC) for over 20 years as well. Paul resides in Lafayette with his wife and three children.

Bill Rogalla

CIO

Zeller Realty Group

Bill Rogalla joined Zeller Realty Group in 2015. As President of Zeller Investment Corporation, he handles oversight of the acquisition and disposition activities of the firm. He leads a team of investment professionals in the identification of targeted markets for investment and all aspects of the transaction process. During his tenure, the firm has acquired approximately $375 million of office assets, which included expansion into Portland and Atlanta. He is a member of the firm’s Management and Investment Committees.

With a career spanning twenty-five years, Bill brings a wealth of experience having been involved in excess of $8 billion in acquisitions, dispositions and development projects across the United States. Prior to joining Zeller Realty Group, he was a Partner with GlenStar Properties, a real estate investment firm in Chicago. He led the expansion of the firm’s investment platform outside of the Chicago area with the acquisition of portfolio investments in Texas and Ohio. Prior to GlenStar Properties, he was SVP - Head of Acquisitions/Dispositions, Central Region for KBS Realty Advisors. While with KBS, he directed the acquisition of nearly $3 billion and disposition of $900 million of assets in the Central United States. Notable acquisitions included 300 N La Salle (Chicago), Providence Towers (Dallas), Carlson Center (Minneapolis) and the Opus Multi-State Industrial Portfolio.

Prior to opening the Central Region office for KBS, Bill was Director of U. S. Development/Investment for UK based SEGRO plc, where he led the development of $1.5 billion and acquisition of $600 million in projects concentrated in the Central and West Coast regions. He led the firm’s expansion into the biotech/pharmaceutical industry with multiple development projects in San Diego and the Bay Area including the 1.1 million square feet Torrey Pines Science Center, in La Jolla, subsequently sold to Pfizer.

Bill received his Bachelor’s and Master’s degrees from De Paul University. He is active as a member and speaker for real estate organizations including Urban Land Institute (ULI) and National Association of Industrial and Office Properties (NAIOP) as well as several charitable and civic organizations. He is a licensed Real Estate Broker and CPA (inactive).

G. Joseph Cosenza

Vice Chairman - The Inland Real Estate Group

President - Inland Real Estate Acquisitions

G. Joseph Cosenza is a Vice Chairman, Director and one of the four original principals of The Inland Real Estate Group, LLC. Joe has held his real estate broker’s license since 1968, the year Inland incorporated. As Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC, he currently supervises an extensive staff engaged in property acquisitions and due diligence. Also a consultant to other real estate entities and lending institutions, Joe has personally overseen, and or negotiated, the purchase for Inland of $44 billion of income-producing real estate, in over 3,400 individual deals, of which over 700 are in the Greater Chicagoland Area.

Joe’s one-of-a-kind, high-volume deal making has received many awards in the industry. Most recently he was inducted in the Chicago Association of REALTORS® (CAR) Hall of Fame at the organization’s 128th Inaugural Gala, and the Midwest Real Estate News 2015 Hall of Fame. The Inland Real Estate Group of Companies, Inc. was equally honored by the Chicago Association of REALTORS® as the first Corporate Hall of Fame award inductee at CAR's 131st Inaugural Gala.

In addition to real estate, he has been prominent in the banking industry. Starting in 1982, Joe was Director of Continental Bank’s branch in Oakbrook Terrace, then Chairman of the Board of American National Bank of DuPage, owned by Inland’s principals. He served as Chairman and a Director of Inland Bank & Trust and as a Director on the Board of Inland Bancorp, Inc., which has multiple Chicagoland locations.

Joe earned his bachelor’s degree from Northeastern Illinois University and master’s degree from Northern Illinois University. Initially, he was a teacher and an assistant principal in the LaGrange and Wheeling school districts while operating Inland on a part-time basis with Messrs. Dan Goodwin, Bob Baum and Bob Parks. As a Director and member of the management committee of Inland Real Estate Corporation (NYSE: IRC), he helped to ring the New York Stock Exchange bell instead of a school bell. Joe’s career also spans activity with the Chicago Association of REALTORS®, Illinois Association of REALTORS® and National Association of REALTORS®. His charity of choice is Saint Vincent de Paul Society, taking care of those in need.

Gerald Callaghan

Partner

Freeborn & Peters

Jerry Callaghan is a Partner in the Real Estate Practice Group and has more than 30 years of experience in handling a broad range of land use matters involving residential, retail, office, industrial and mixed-use developments.

Jerry routinely represents clients in zoning matters involving complex planned unit developments. He negotiates and drafts agreements relating to annexation, subdivision development, TIF financing, public infrastructure improvements, sales tax sharing and host community benefits.

Jerry counsels clients on environmental permitting issues related to land development. He represents national waste companies with regard to the siting of landfills and waste transfer stations and power companies with regard to generating facilities.

He regularly appears before planning commissions, zoning boards, village boards and city councils. He has handled numerous trials and appeals involving land use issues, including zoning, impact fees, eminent domain and takings.

Jerry is a frequent speaker on land use and real estate topics and has spoken at seminars and conferences of the Chicago Bar Association, Illinois Municipal League, American Planning Association and American Bar Association.

Jerry Callaghan focuses on Development, Government Relations and Regulatory Law, and Land Use and Zoning. He is particularly adept in serving transportation clients by applying his experience in TIF financing, public infrastructure improvements, host community benefits, and facility siting. He served as counsel to the State of Illinois in connection with the Joliet Arsenal redevelopment, represented a major railroad in securing development incentives in connection with a $140 million redevelopment of a switching yard and is currently representing an industrial development company with the redevelopment of a 200-acre site for a major distribution facility.

Jerry also contributes to The Freeborn Dispatch Blog(link is external), the firm's transportation blog.

CRE Capital Outlook - A Changing Landscape

Doug Lyons

Doug Lyons

Managing Principal

Pearlmark

Mitchell Sabshon

Mitchell Sabshon

Director, President, and Chief Executive Officer

Inland Real Estate Investment Corporation

Robert Bloom

Robert Bloom

Principal

Walton St.

Derek Lopez

Derek Lopez

Managing Director, Head of Acquisitions

GEM Realty Capital

Gene Leone
Moderator

Gene Leone

Partner

White & Case

Doug Lyons

Managing Principal

Pearlmark

Douglas W. Lyons is a Managing Principal of Pearlmark, with responsibility for the firm’s capital

markets and debt investment activities. He is a Board Director and a member of the firm’s

Management and Investment Committees. Prior to joining Pearlmark in 1996, Mr. Lyons was Vice

President of Equity Institutional Investors, Inc. where he was responsible for merchant banking

activities and strategic portfolio management projects for the Zell/Merrill Lynch Real Estate

Opportunity funds, the Zell/Chilmark Fund, and other Sam Zell-related affiliates. In addition, Mr.

Lyons actively managed an institutional portfolio of REIT stocks. Previously, he worked in the New

York Real Estate Capital Markets groups for Bankers Trust Company (1989-1991) and Merrill

Lynch & Co. (1987-1989).

Mr. Lyons earned a BA degree in History from Amherst College where he was a two-time All-

American in soccer, and his MBA from the Harvard University Graduate School of Business

Administration. He currently serves several nonprofits including the Harvard Alumni Real Estate

Board, the U.S. Soccer Foundation, and the Breakthrough T1D Illinois Chapter for the Real Estate

Games. Mr. Lyons is also a member of the Pension Real Estate Association and the Urban Land

Institute, where he is a Trustee. Mr. Lyons currently serves as a Trustee of the Loomis Chaffee

School chairing its Buildings and Grounds Committee and previously served as a Trustee for Lycée

Français de Chicago and Chair of its Facilities Committee and as Treasurer of St. James Cathedral

in Chicago.

Mitchell Sabshon

Director, President, and Chief Executive Officer

Inland Real Estate Investment Corporation

Mitchell A. Sabshon is a Director and President and Chief Executive Officer of Inland Real Estate Investment Corporation (Inland Investments), one of the nation's largest sponsors of alternative public and private real estate securities. He is responsible for leading the execution of Inland Investments' long-term business strategy and capitalizing on opportunities for new product development and growth. Mr. Sabshon is also President and Chief Executive Officer and a Director of Inland Real Estate Income Trust, Inc., a publicly registered, non-listed multi-tenant retail REIT, and a Director and President and Chief Executive Officer of Inland Residential Properties Trust, Inc., a publicly registered, non-listed multifamily REIT.

Prior to joining Inland, Mr. Sabshon served as Executive Vice President and Chief Operating Officer of Cole Real Estate Investments. As Chief Operating Officer, Mr. Sabshon oversaw the company's finance, property management, asset management and leasing operations. Prior to joining Cole, Mr. Sabshon held several senior executive positions at leading financial services firms. He spent almost 10 years at Goldman, Sachs & Co. in various leadership positions including President and CEO of Goldman Sachs Commercial Mortgage Capital. He also served as a Senior Vice President in Lehman Brothers' real estate investment banking group. Prior to joining Lehman Brothers, Mr. Sabshon was an attorney in the corporate and real estate structured finance practice groups at Skadden, Arps, Slate, Meagher and Flom in New York.

Mr. Sabshon is the Chairman of the Board of the Investment Program Association for 2017. He is also a member of the Real Estate Roundtable, the International Council of Shopping Centers, the Urban Land Institute, the Commercial Real Estate Finance Council, the Mortgage Bankers Association, The Chicago Council on Global Affairs, and a member of the Board of Trustees of the American Friends of Hebrew University - Midwest Region. Mr. Sabshon is a member of the New York State Bar. He also holds a real estate broker license in New York. He received his undergraduate degree from George Washington University and his law degree at Hofstra University School of Law.

Robert Bloom

Principal

Walton St.

Prior to joining Walton Street, Mr. Bloom was an acquisitions Vice President in Goldman Sachs' Real Estate Principal Investment Area (Whitehall). He has a BA from Yale University and a MBA from Stanford University.

Derek Lopez

Managing Director, Head of Acquisitions

GEM Realty Capital

Derek Lopez joined GEM Realty Capital in 2017 and is the Head of Acquisitions for GEM Realty

Properties. Mr. Lopez is responsible for overseeing the acquisitions team as well as sourcing real estate

investment opportunities on behalf of GEM’s private equity funds. As a member of the Investment

Committee, Mr. Lopez is also involved in setting investment strategy for GEM Realty Properties and

GEM Realty Securities.

Prior to joining GEM, Mr. Lopez was Head of U.S. Acquisitions at LaSalle Investment Management,

where he oversaw the team responsible for sourcing, underwriting, and executing U.S. investments. Mr.

Lopez also served on LaSalle’s North American Private Equity Investment and Allocation Committees.

Prior to joining LaSalle in 2005, Mr. Lopez was a member of the Mergers and Acquisitions Group at J.P.

Morgan Chase in Houston. Mr. Lopez received an MBA from the Kellogg School of Management at

Northwestern University and a BBA from Texas A&M University.

Gene Leone

Moderator

White & Case

Eugene "Gene" J.M. Leone is a Partner in the Global M&A Practice

Group and a member of the Real Estate Industry Group, based in the

Chicago and New York offices. Gene represents some of the most

recognizable names in real estate and has a track record of leading,

structuring and executing complicated deal transactions for a broad

universe of investors, including private equity, entrepreneurs and public

companies. His practice focuses on all aspects of commercial real

estate, including joint ventures, acquisitions, dispositions, leasing,

financings and workouts.

A highly rated lawyer and sought-after speaker, Gene is a member of

the American College of Real Estate Lawyers and the Real Estate

Roundtable and frequently speaks on a variety of real estate topics at

conferences around the country.

Investment & Development

Daniel Slack

Daniel Slack

Principal

Baker Development Corporation

Alissa Adler

Alissa Adler

Senior Vice President

Colliers

Zach Murphy

Zach Murphy

Co-Founder

Pender Capital

David Reahl

David Reahl

Managing Director – Investments

USAA Real Estate

Camille Renshaw
Moderator

Camille Renshaw

CEO

B+E Net Lease

Daniel Slack

Principal

Baker Development Corporation

Daniel J. Slack, former President of Calamos Real Estate and Vice President of The Alter Group, has been involved in over $1B of real estate development over his 28-year career. Development expertise includes multi-family residential, commercial office and retail as well as hospitality and mixed-use. Dan handles all aspect of the investment and development process including land acquisition, entitlements, public incentives, financing, design and construction oversight as well as marketing and leasing. Some of Dan's most notable projects include the one million square foot City Gate Center mixed-use project in Naperville, Illinois, the $100M Dearborn Plaza mixed-use project in Chicago's River North and the AT&T/USG Building complex in Chicago's Loop.

Alissa Adler

Senior Vice President

Colliers

I bring more than 30 years of experience to my position as senior vice president of Colliers | Chicago. I specialize in investment sales, as well as debt and equity placement for office properties. In my career, I have executed over $1.2 billion in real estate transactions. I am widely recognized for utilizing my broad real estate knowledge and strong nationwide connections to uniquely serve my diverse client base.

Prior to Podolsky Circle’s merger with Colliers | Chicago in 2019, I was managing principal at Podolsky Circle where I was a member of the Middle Market Investment Advisory Team focused on the sale of office and industrial properties. Prior the merger which formed Podolsky Circle, I established Circle Realty Advisors, LLC. As president of the company, I was responsible for all operations and staffing in addition to asset management and investment advisory work for clients.

Preceding the formation of Circle, I served as vice president of acquisitions and dispositions at Duke Realty Corporation leading the Midwest markets including Illinois, Indiana, Ohio, Missouri and Minnesota. I transacted across office, industrial and retail property types and was also a member of Duke’s management committee.

Prior to my tenure at Duke, I was vice president of dispositions for Equity Office Properties Trust. In this role, I was responsible for the successful sale of transactions nationwide, including assets in distress and tertiary markets. I also held the position of asset manager for both Equity Office and Metropolitan Life Insurance Company in Chicago. Asset management responsibilities included CBD high-rise and suburban office, regional malls, neighborhood retail and industrial properties on a national basis.

Zach Murphy

Co-Founder

Pender Capital

Zach is the co-founder and Chief Investment Officer of Pender Capital. Zach co-founded Pender in 2015 and brings over 16 years of experience in both commercial real estate finance and capital markets expertise. Zach oversees the firm’s Investment and Research program which includes deal sourcing, research, and structuring and is a member of the Investment and Research Committee and the Management Committee. Prior to Pender, Zach served as Managing Director/ Senior Vice President for Liberty SBF, a commercial finance company based in Philadelphia, where he was responsible for establishing Liberty’s Western Regional HQ in Los Angeles and directed West Coast originations and operations. Zach personally originated over $60 million of commercial loans during the first year of operations on the West Coast. In 2008, Zach joined Silver Point Capital, LP in New York, a Goldman Sachs partner fund, where he was responsible for commercial real estate loan originations and insurance-linked securities trading. During his tenure at Silver Point, Zach traded more than $500 million in distressed commercial real estate debt, insurance-linked securities, and assets in the capital markets. From 2004 to 2008, Zach served as Senior Vice President/Division Director of Velocity Commercial Capital where he was the company’s highest grossing originator in e

Summary

1) Will The Economy Continue To Expand in 2018?

2) Given recent tax reform and following years of record-strong gains, will average rent growth moderate in 2018 and what wider impact does this have on opportunities in the CRE market?

3) Investment activity has rebounded this year and experts predict it will continue to advance, what pace can we expect in Chicago for 2018?

4) What are the headline sales of Chicago’s top CRE assets an indicator of and what do they lead experts to predict for the future?

5) What are the major factors Triple Net Lease investors should consider in 2018?

Venue

2017 N Mendell
2017 N Mendell St.
Chicago, IL 60614

Floor: 3rd Floor


Free on site (approximately 50 spots on site). Additional parking can be found at Best Buy.

Agenda

Time Activity
1:30 PM
2:30 PM
Breakfast & Networking
2:30 PM
3:15 PM
Investment in 2018 & Beyond
3:15 PM
4:00 PM
CRE Capital Outlook - A Changing Landscape
4:00 PM
4:30 PM
Post-Game Schmooze

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