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The 2019 Chicago CRE Market Forecast

Your Guidebook to Investing, Developing, Designing and Building In 2019

Eugene Jones

Eugene Jones

President & CEO

Atlanta Housing Authority

Seth Singerman

Seth Singerman

President & Managing Principal

Singerman Real Estate

Jason Lewis

Jason Lewis

Portfolio Manager

UBS Realty Investors

Nicole Pecoulas

Nicole Pecoulas

MD, Senior Investment Officer, Core Mortgage

Barings Real Estate

Jay Augustyn
Moderator

Jay Augustyn

Partner

Ice Miller

Eugene Jones

President & CEO

Atlanta Housing Authority

Mr. Jones has a 35-year record of strong leadership experience in public housing operations, new construction, capital construction, resident services, accounting and finance, auditing and maintenance, and Housing Choice Voucher programs. He currently serves as president and chief executive officer at Atlanta Housing, the southeast region’s largest public housing authority, serving more than 25,000 families, seniors, veterans and those with disabilities.

He has served in top leadership positions in eight major cities in the United States and Canada, including Chicago, where he was president and CEO of the nation’s second largest housing authority from 2015-2019. Prior to Chicago, Mr. Jones served as president and CEO of the Toronto Community Housing Corporation from 2012-2014. He also served as executive director of housing authorities in Detroit and Indianapolis, and held key roles in housing agencies in Kansas City and San Francisco.

Seth Singerman

President & Managing Principal

Singerman Real Estate

Seth Singerman is the President and Managing Principal of Singerman Real Estate, LLC (“SRE”), an

opportunistic real estate investment firm that has deep experience executing complex transactions and

unlocking embedded value through the ownership of properties, real estate loans and operating

companies. SRE focuses on investments in both debt and equity across all major asset classes, including

office, industrial, retail, hotel, and multifamily, in addition to secondary real estate asset classes such as

senior and student housing. Mr. Singerman has led and sourced over $2.5 billion of investments.

In addition to his direct investment experience, Mr. Singerman has a public-private crossover background

as he helped lead the formation and development of a long-short real estate securities hedge strategy.

Mr. Singerman is on the Advisory Board for the Center for Real Estate and Finance at Cornell University;

the Board to the Real Estate Applied Security Analysis Program at the University of Wisconsin; and Next

Generation Board Member of the United States Holocaust Museum.

Mr. Singerman received his MBA with a concentration in Real Estate and Finance from Northwestern

University and his B.S. with a concentration in Real Estate and Finance from Cornell University.

Jason Lewis

Portfolio Manager

UBS Realty Investors

Jason Lewis is a Portfolio Manager for the Trumbull Property Fund (TPF) for Real Estate US, a business which forms part of Real Estate & Private Markets within UBS Asset Management.

Jason has over 15 years of real estate investment management experience having completed over $4B in transactions and serving roles in acquisitions, dispositions, asset management, portfolio management and performance measurement.

Prior to joining UBS, Jason was the Head of Portfolio and Asset Management for CA Residential, a national multifamily developer.

For 13 years of his career, Jason worked with Capri Capital Partners, where he was Partner, Head of Asset Management, Co-Head of Investments and a Member of the Investment Committee. Jason was the Portfolio Manager for the firms largest separate account and its flagship multifamily closed-end fund vehicle.

Jason earned a BS in Mathematics from Morehouse College, and an M.B.A from Columbia Business School, and he is a member of the Real Estate Executive Council (REEC), ULI and NCREIF.

Nicole Pecoulas

MD, Senior Investment Officer, Core Mortgage

Barings Real Estate

Nicole Pecoulas is a member of Barings LLC’s Commercial Mortgage group and is responsible for placing portfolio mortgage financing on commercial property through various products; including low leverage loans, multi-property portfolios, A/B structures, bridge loans, construction to permanent loans, mezzanine financing, and acquisition facilities. Prior to joining Barings, Nicole worked as a Vice President and Producer with NorthMarq Capital, a national mortgage brokerage company, where she placed both debt and equity. Nicole began her career in commercial real estate in 1988 with Heitman Financial, a pension fund advisory firm. While at Heitman, Nicole worked in the leasing, management, asset and portfolio management for distressed properties and dispositions departments. Nicole earned a Bachelor of Arts degree with and Economics major from Clark University in Worcester, Massachusetts.

Jay Augustyn

Moderator

Ice Miller

James “Jay” Augustyn is a partner in Ice Miller’s Real Estate Practice. He focuses his practice on real estate transactions, including development, financing, sales and dispositions.

Prior to rejoining Ice Miller in 2018, Jay was a real estate partner at a large Chicago law firm.

Jay represented a self-managed integrated commercial real estate investment and asset management company organized as a public real estate investment trust in the acquisition and disposition of over one hundred industrial, warehouse and office properties in the U.S. He also represented a credit and asset based investor in the acquisition, disposition and financing of over thirty hotel properties in the U.S. and a sovereign wealth fund in connection with the acquisition of hotel properties in Bal Harbour, Florida; Washington, D.C. and Miami, Florida.

From 2008 to 2012, Jay was an attorney at Ice Miller LLP.

Jay earned his juris doctor, cum laude, from the University of Illinois School of Law in 2008. He received his Bachelor of Arts in English from the University of Michigan in 2000, where he participated in Naval ROTC. Upon graduation, Jay first served as a main propulsion division officer aboard USS NASSAU (LHA 4). Jay then went on to act as Navigator and Combat Information Center Officer aboard USS CAPE ST GEORGE (CG 71), where he was deployed to the Eastern Mediterranean to support Operation Iraqi Freedom. In 2004, Jay was assigned to the Navy Operational Support Center Chicago, where he served as Training Officer and Executive Officer for two years before completing his active duty.

Opportunity Zones 101

Everything You Need To Know To Capitalize On This New Community Development Program

Scott Goodman

Scott Goodman

Founding Principal

Farpoint Development

Tim Hennelly

Tim Hennelly

President-Great Lakes Region

Ryan Companies

Matt Reilein

Matt Reilein

President & CEO

National Equity Fund

Steve Glickman

Steve Glickman

Co-Founder and CEO

Statt

Grant Uhlir

Grant Uhlir

Regional Managing Principal

Gensler

Mike Nardini

Mike Nardini

First Vice President

CBRE

Chad Richman
Moderator

Chad Richman

Partner

Freeborn & Peters

Scott Goodman

Founding Principal

Farpoint Development

Farpoint Development’s founding Principal, Scott Goodman, is an innovative real estate

leader who cares deeply about how a development relates to the community it sits

within.

For 30+ years, Scott Goodman has successfully helped neighborhoods and buildings

thrive by retaining the integrity of the neighborhood while making a culturally unique

home for businesses and people.

Goodman focused on launching Sterling Bay in the mid-1980s, a firm that grew to

national acclaim under his drive for innovation. He deployed a visionary approach to

revitalizing existing commercial buildings and new developments in unexpected

locations. He implemented strategies like warehouse loft office space and the

condo/commercial subdivision of buildings. These concepts in adaptive reuse stood

out in the world of commercial development.

As a leader, Goodman brought together a team that infused artistry, architecture, and

experience into each development. Over the years, he championed major projects for

such prestigious clients as Google, Sara Lee, and gogo, bringing deep insights into how

people and office tenants experience and benefit from a development within a

community.

After Sterling Bay, Goodman sought to transition to a more streamlined operation that

was even more responsive to client and community needs. His focus on investor

relations, procurement of financing and equity and transaction structuring serve as the

foundation for Farpoint Development.

Under Goodman’s guidance, Farpoint has been defining and delivering notable Chicago

projects, from the purchase and enhancement of Prairie Shores in the Bronzeville

community to the development of the 100-acre Bronzeville Lakefront, a mixed-use

district championing life sciences and health innovation in Chicago.

Goodman’s insight and sense for real estate reinvention come from a diverse

education, background, and sense of commitment to a cause. Goodman’s Bachelor of

Science in Economics was earned at the University of Michigan. Additionally, he

received an MBA from Northwestern University’s Kellogg School of Management. As

his career accelerated, he served as the former Board Chair of the PKD Foundation and

Heartland Alliance and is a current Board Member for both prestigious organizations.

His membership in the Chicago Economics Club offers insight to his fiscal acumen as

well.

Goodman’s long-standing leadership, attention to detail and deep building experience

are what make his projects stand out from the others, making them many of Chicago’s

celebrated icons, both current and future.

Tim Hennelly

President-Great Lakes Region

Ryan Companies

As President of Ryan's Great Lakes region, Tim provides overall leadership and direction for the Ryan development, design, construction and property management divisions. With more than 30 years of experience in the real estate industry, Tim has a well-established track record of performance in site selection, planning and design concepts, financial packaging, managing construction coordination and lease or sale negotiation.

Matt Reilein

President & CEO

National Equity Fund

Matt Reilein is the President and CEO of National Equity Fund, Inc. (NEF). NEF is one the nation’s leading nonprofit syndicators of Low-Income Housing Tax Credits, and a major lender and investor to support the creation and preservation of affordable housing. He leads a team of 170 industry experts who work to create and preserve affordable housing across the country. Previously, Matt was Managing Director of Community Development Banking at JPMorgan Chase.

Matt is Board Chair of the Chicago Community Loan Fund, and serves on the Boards of the Metropolitan Planning Council and the Affordable Housing Tax Credit Coalition. He is a graduate of Georgetown University and the Kellogg School of Management at Northwestern University.

Steve Glickman

Co-Founder and CEO

Statt

Steve is Co-Founder and CEO of Statt, a venture-backed, big data

and AI policy and regulatory intelligence platform based in

Washington, DC and Austin, TX.

Steve was previously the Co-Founder and CEO of the Economic

Innovation Group, a bipartisan economic policy ideas and advocacy

organization, which was the architect for the $100B Opportunity

Zones program.

Earlier in his career, Steve served in the Obama-Biden

Administration, including for the National Security Council and

National Economic Council in the White House. He also held the

role as Chief of Staff for the U.S. and Foreign Commercial Service.

Steve previously practiced law as Majority Counsel to the U.S. House Oversight and

Government Affairs Committee, as well as an Honors Program Attorney in the Justice

Department and Special Assistant U.S. Attorney for the District of Columbia.

Steve received his B.A. and M.A., magna cum laude, from Georgetown University, J.D. from

Columbia Law School, and LL.M., with highest honors, from the London School of Economics

and Political Science.

Grant Uhlir

Regional Managing Principal

Gensler

As a Co-Regional Managing Principal of Gensler’s North Central region, Grant brings a strategic design focus coupled with proven senior leadership, client relationship and project management acumen, and industry-leading expertise in highly complex projects. Grant previously served as a leader of the firm’s Critical Facilities practice and has more than three decades of design experience in corporate headquarters, mixed-use developments, and adaptive reuse and repositioning projects across the globe — including the world-renowned Shanghai Tower, for which he served as project director. He is currently leading the 2.8 million-square-foot redevelopment of Chicago’s Post Office. Grant is a Trustee and past president of the AIA Chicago Foundation Board and is also a past president of AIA Chicago. He is a member of the Economic Club of Chicago, the Council on Tall Buildings and Urban Habitat, and a Product Council Member with ULI Chicago. Grant received his Bachelor of Architecture from Iowa State University and studied architecture and urban studies at the University of Bath, England.

Mike Nardini

First Vice President

CBRE

As First Vice President, Mike is a member of our Urban Advisory Group nationally and leads the Solutions Platform. With more than 20 years of professional experience in multi-million dollar development ventures, Mike offers CBRE clients single point responsibility for advisory services on urban real estate. As a licensed real estate broker and architect, with an MBA in Urban Economics and Real Estate, Mike’s expertise crosses all the product types necessary for complex mixed-use and land development advisory.

Chad Richman

Moderator

Freeborn & Peters

Chad Richman is a Partner in the Real Estate Practice Group, and has significant experience in a broad range of real estate, finance, transactional, and general business matters.

Chad’s real estate practice includes acquisitions and dispositions, development, leasing, fund formation, venture structuring, and complex financing involving all types of real estate uses. Chad has specific expertise in secured loan purchases and sales, foreclosures, and workouts. Combining an extensive business asset transactional practice with commercial finance expertise and clever negotiation tactics leads to immediate positive client outcomes in an array of dealings.

Chad also regularly represents publicly and privately held companies on a wide spectrum of structuring and operational issues.

Prior to joining the Firm, Chad participated in the development of a mixed-use property in downtown Chicago, and also practiced at one of the largest law firms in the world. In addition, he served as a judicial extern to the Honorable Ronald A. Guzman in the U.S. District Court for the Northern District of Illinois

Opening Remarks

Craig Bernstein
Keynote

Craig Bernstein

Managing Partner

OPZ Bernstein

Craig Bernstein

Managing Partner

OPZ Bernstein

Craig Bernstein is a Managing Partner of OPZ Bernstein, a subsidiary of The Bernstein Companies, a Washington, DC based real estate investment management firm. Mr. Bernstein has more than 20 years of experience in real estate, including acquisitions, dispositions, construction, development, financing, asset management, property management and leasing. Mr. Bernstein is responsible for establishing OPZ Bernstein’s strategic initiatives and overseeing the Fund’s investor relations.

As one of the nation’s leading Opportunity Zone experts, Mr. Bernstein has contributed to stories for The New York Times, Associated Press, Washington Post and CNBC. Mr. Bernstein is a frequent speaker at Opportunity Zone events including the Global Institutional Real Estate Forum, Washington, DC Building Industry Association, Washington, DC Economic Partnership, Bisnow, The ASD Summit and The New York Riverside Experience.

Prior to founding OPZ Bernstein, Mr. Bernstein was the Chief Investment Officer of White Star Investments, a prominent single family investment office in Bethesda, MD. During his 10 year career at White Star Investments, Mr. Bernstein oversaw a diversified portfolio of privately held real estate, private equity, alternative investments, and marketable securities. Mr. Bernstein focused extensively on allocating capital to external managers, and leading the firm’s manager selection and due diligence processes. Prior to joining White Star Investments, Mr. Bernstein was a Director at Cushman and Wakefield. One of the youngest Directors in the firm’s history, Mr. Bernstein’s clients included TIAA-CREF, TA Associates, Lerner Enterprises and the B.F. Saul Companies.

Named as a member to the Inaugural Bisnow “Top 35 under 35” list, Mr. Bernstein has also served on the Board of the Greater Washington Commercial Association of Realtors (GWCAR) and the Board of Hillel at the University of Maryland. Mr. Bernstein resides in Potomac, MD.

Summary

1) What is a Qualified Opportunity Fund?

2) What are Opportunity Zones and which Chicago designated Opportunity Zones will be the best investment?

3) Why invest in Opportunity Funds? Are they a better investment than 1031 Exchange?

4) How can Opportunity Zones spur economic development in Chicago?

5) How does Opportunity Zones investing work?

6) What major projects will transform the CRE market next year? 

7) Where is smart money investing? And where are smart developers building?

Venue

Radisson Blu Aqua
221 N Columbus Dr
Chicago, IL 60601

Ballroom: Atlantic Ballroom 1st floor.
Go to the right and turn left at the restaurant till you get to ballroom


Valet parking: $27
Self-Park:
0 – 1 Hours: $20.00
1 – 2 Hours: $25.00
2 – 6 Hours: $30.00

Agenda

Time Activity
1:30 PM
2:20 PM
Coffee, Breakfast & Networking
2:20 PM
2:30 PM
Opening Keynote: Craig Bernstein, OPZ Bernstein
2:30 PM
3:15 PM
The 2019 Chicago CRE Market Forecast

Your Guidebook to Investing, Developing, Designing and Building In 2019

3:15 PM
4:15 PM
Opportunity Zones 101

Everything You Need To Know To Capitalize On This New Community Development Program

4:15 PM
4:30 PM
More Networking!