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<strong>Cohen Equities</strong> <br/>801 Market Street

<strong>Cohen Equities</strong> <br/>801 Market Street

801 Market is located within walking distance of all the historical, retail and dining amenities of Washington Square, Market East, Old City, Chinatown and Midtown Village. Additionally, there is nearly $1 billion worth of retail, multifamily and office development projects within a three block radius including the Gallery Redevelopment, Market East Development and the Lit Brothers Apartment Tower. 801 Market provides tenants with direct access to SEPTA’s Jefferson Regional Rail Station, 8th St.Market-Frankford Line and PATCO’s Speedline and currently has 135,000 SF available for lease. For more information, please contact Patrick.Grenko@am.jll.com.

Speakers and Panels

Brian Cohen

Brian Cohen

Managing Director

Ensemble

Jeff DeVuono

Jeff DeVuono

Senior Managing Director

Brandywine Realty Trust

Tracey Ungaretta

Tracey Ungaretta

Managing Director

Greystar

Daniel Killinger

Daniel Killinger

EVP & COO

National Real Estate Development

Bill Glazer

Bill Glazer

CEO

Keystone Property Group

Ron Caplan

Ron Caplan

President

PMC Property Group

John Connors

John Connors

President

Brickstone Realty Corporation

Jim Pearlstein

Jim Pearlstein

CEO

Pearl Properties

Al Patel

Al Patel

President

Baywood Hotels

Charles McGrath

Charles McGrath

Managing Director

MRP Realty

Greg Muller

Greg Muller

COO & Partner

SSH Real Estate

Curt Heiss

Curt Heiss

SVP, Real Estate Operations

University City Science Center

John Chin

John Chin

Executive Director

Philadelphia Chinatown Development Corporation

Joseph Forkin

Joseph Forkin

President

Delaware River Waterfront Corporation

Brett Hamilton

Brett Hamilton

Principal

Alliance HSP

Dustin Downey

Dustin Downey

SVP, Multifamily Development

Southern Land Company

Nancy Trainer

Nancy Trainer

AVP, Planning & Design

Drexel University

Keith Orris

Keith Orris

SVP, Corporate Relations and Economic Development

Drexel University

Louis Merlini

Louis Merlini

Principal

Miller Investment Management

Brian Cohen

Managing Director

Ensemble

Brian is one of two Managing Directors responsible for Ensemble’s East Coast development and investments (in partnership with Mark Seltzer), and he is a member of the Leadership Team. Brian is passionate about creating sustainable projects that enhance lives and currently guides the planning and development at the Navy Yard in Philadelphia and other properties in the region. Prior to Ensemble, he spent 19 years in several key roles for Liberty Property Trust, most recently as Vice President and Market Officer of Liberty Property Trust’s Philadelphia office where he had P&L responsibility for a 4.5 million square foot portfolio of urban office, industrial and flex space, including the Navy Yard. Brian obtained a Bachelor of Science in Real Estate from the University of Pennsylvania and holds a Pennsylvania Real Estate Broker’s License.

Jeff DeVuono

Senior Managing Director

Brandywine Realty Trust

Jeff DeVuono is the Executive Vice President and Senior

Managing Director of Brandywine Realty Trust’s Pennsylvania

Division.

Mr. DeVuono joined Brandywine Realty Trust in January of

1997. Prior to Brandywine Realty Trust, Mr. DeVuono worked

for LCOR, Inc., a private development company that had a

previous association with Brandywine, where he held a variety

of positions, all of which related to asset management. Before

joining LCOR, Mr. DeVuono was a sales and leasing representative for Cushman & Wakefield of

Philadelphia.

Mr. DeVuono currently serves on the Board, and is a former Chairman, of the King of Prussia

District and is a Board Member of the Center City District (CCD). He is also a member of

CoreNet, the National Association of Real Estate Investment Trusts (NAREIT), the National

Association of Industrial and Office Properties (NAIOP), the Sunday Breakfast Club, and the

University of Pennsylvania’s Wharton School Samuel Zell and Robert Lurie Real Estate Center.

He is a Trustee and Master Planning Committee Member of The Westtown School and is a

Master Planning Committee Member of Waynesborough Country Club. Past Boards include the

Economy League of Greater Philadelphia, University City District, Bartram’s Garden, and The

Center for Emerging Visual Artists.

Tracey Ungaretta

Managing Director

Greystar

Tracey Ungaretta is managing director of real estate for Greystar. Stationed in the New Jersey area, Tracey is an integral part of the Northeast Team, and oversees assets in the New York, New Jersey, and Pennsylvania markets. She joined Greystar in 2012, and began her multifamily career in 1991. A sophisticated and agile professional, Tracey’s background includes marketing, financial performance, and overall property operations. Her strength in property operations has allowed her to make an immediate impact on the assets she oversees, leading them to financial and operational success. Her diversified portfolio includes lease-up and stabilized assets and renovations with multiple components.

Daniel Killinger

EVP & COO

National Real Estate Development

Mr. Killinger is responsible for leading a team of experienced development and construction professionals for National Real Estate Development, National Real Estate Advisors’ (National), wholly-owned development management subsidiary.

National Development provides development and construction related management of selected projects across the country on behalf of National. In this role, Mr. Killinger oversees a $1 billion project portfolio, comprising two million square feet of mixed-use and residential space in Los Angeles, San Francisco and Philadelphia. Prior to this, he oversaw National Development’s East Market project in Philadelphia, PA as Director of Development. Mr. Killinger has diverse experience as a real estate professional in both the oversight of the design and development of urban, mixed-use projects as well as in the investment and asset management of residential and office buildings.

Prior to joining National Real Estate Development, Mr. Killinger was a Managing Director for Goldman Properties in New York, NY. At Goldman, he oversaw several development projects including 25 Bond Street and the repositioning of 110 Greene Street, both in New York, NY. He also consulted on numerous mixed-use urban development projects along the east coast. Mr. Killinger later joined Edison Properties in Newark, NJ as the Executive Vice President for Real Estate Planning and Development. At Edison, he was responsible for the entitlement, design and feasibility for the development of a portfolio of mixed use residential buildings in New York, NY and Newark, NJ. Mr. Killinger began his career as an architect with Kohn Pederson Fox Associates in New York, NY.

Mr. Killinger received a Master of Science in Real Estate Development from Columbia University and is a frequent participant in Columbia’s Real Estate Round Table series. He also received a Master of Architecture from the University of Pennsylvania and his Bachelor of Arts from Bucknell University.

Bill Glazer

CEO

Keystone Property Group

Bill Glazer founded Keystone Property Group in 1991. Initially a real estate brokerage firm, Keystone grew into an investment firm in 1993, to a development company in 1997, to a real estate private equity firm in 2003, and to a full-service real estate investment and development operating enterprise in 2014. He has invested and developed over 12 million square feet of properties in billions of dollars of transactions using multiple investment structures, such as Joint Ventures, Individual Syndications, Direct Investments, Real Estate Private Equity Funds and Strategic Partnerships.

In addition to his real estate equity investments, Bill served as Chairman of the Board of Hyperion Bank, a Pennsylvania state-chartered commercial bank. Further, he serves as Director on non-profit boards, including the Jewish Federation of Philadelphia.

Bill’s professional affiliations include the Young President’s Organization, National Association of Industrial and Office Properties, Urban Land Institute and Wharton School’s Zell/Lurie Real Estate Center.

A graduate of the University of Pennsylvania, Bill is the recipient of many awards and honors, including the Pennsylvania Award for Community Excellence, the Chamber of Commerce Award for Excellence, the Philadelphia Business Journal’s 40 Under 40 Award and the Ernst and Young Entrepreneur of the Year Award.

An avid endurance athlete who has completed numerous marathons and triathlons, Bill’s long-term training philosophy mirrors his patient investment philosophy.

Ron Caplan

President

PMC Property Group

A native of New England, Ron Caplan studied business management at Northeastern University before relocating to the Philadelphia area and launching his career in real estate development. In 1978, what started with the purchase of several single-family homes soon expanded into a collection of multi-unit housing ventures located throughout the city of Philadelphia. Ron founded PMC Property Group (then called Philadelphia Management Company) in 1981 when the number and size of his properties had grown robust enough to require the services of a management company. Since that time, Ron has also assembled a general-contracting division within PMC Property Group, making the company a full-service developer focused on adaptive-reuse projects spanning the East Coast. Known for a skillful attention to details, Ron takes a detailed, personal approach to overseeing PMC's extensive real estate holdings and the company's future growth. Under his strategic direction, the company has become the largest owner/operator of rental units in the city of Philadelphia.

John Connors

President

Brickstone Realty Corporation

John J. Connors has been Brickstone’s managing partner in Philadelphia since 1985, and brings extensive experience in the fields of commercial and investment banking and finance, and real estate acquisition, development and leasing. He is Brickstone Senior Living’s Vice Chairman. Mr. Connors joined Brickstone to oversee the acquisition and development of Mellon Independence Center in Philadelphia, and since then has guided the expansion of Brickstone’s Philadelphia portfolio to include The Wanamaker Building and 101 Penn Square East. Mr. Connors is responsible for both the direction of these development efforts and the ongoing operations of all Philadelphia projects.

Mr. Connors was employed first as a commercial banker with Provident National Bank in Philadelphia, and then as a merchant banker with Merrill Lynch Private Capital, Inc., specializing in the structuring and oversight of real estate investments with many of the country’s largest private developers.

Mr. Connors holds a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania. Mr. Connors sits on a number of municipal boards including the Philadelphia Convention and Visitors Bureau and the Market East Improvement Association. Mr. Connors resides in St. Davids, a suburb of Philadelphia.

Jim Pearlstein

CEO

Pearl Properties

Mr. Pearlstein is a graduate of Georgetown University (BA) and Temple University’s Law School and Business School (JD-MBA), and has significant experience in real estate investment, operations and development. His experience includes a 5 year stint in senior management at Toll Brothers, Inc. where he directed special acquisitions, including the acquisition of land and multi-million dollar investment properties. Among other endeavors, Mr. Pearlstein is an original Member of the Executive Committee of Georgetown University’s Steers Center for Global Real Estate and is on the Executive Committee of the Board of Directors of the Central Philadelphia Development Corporation (CPDC). The CPDC is the central research and urban planning advocacy organization for the economic advancement of the City of Philadelphia.

Greg Muller

COO & Partner

SSH Real Estate

Greg is Chief Operating Officer and Partner of SSH Real Estate. Since joining the company in December 2003, he has grown into a leadership role with direct, daily involvement in the brokerage, management and investment divisions of SSH. Greg coordinates all legal aspects of SSH’s three divisions, while also playing an integral role in financing, underwriting, due diligence, and asset management for SSH’s investment division. In addition, he is responsible for investor relations and SSH’s daily legal work, including drafting and negotiating leases, and is the liaison with outside counsel.

During his time at SSH, Greg has participated in transactions totaling more than $350 million and over 3 million square feet of commercial space.

Curt Heiss

SVP, Real Estate Operations

University City Science Center

Steve Tang became President and CEO of the University City Science Center, the nation’s oldest and largest urban research park, in 2008. Dr. Tang is the first president in the Science Center’s history to have not only led a company through venture funding and an initial public offering, but to also serve as a senior executive with a large life sciences company as it acquired and integrated smaller start-ups.

In September 2016, Dr. Tang was re-appointed to the National Advisory Council on Innovation and Entrepreneurship (NACIE) and now serves as NACIE co-chair through 2018. NACIE members offer recommendations to the U.S. Secretary of Commerce for policies and programs designed to make U.S. communities, businesses, and the workforce more globally competitive. Previously, Tang served on the U.S. Department of Commerce’s Innovation Advisory Board.

Dr. Tang also serves on several statewide, regional and local Boards of Directors. Along with Pennsylvania Governor Tom Wolf, he co-chairs the Team Pennsylvania Foundation, which bridges the gap between government and the private sector. Dr. Tang also serves as the Chairman of the Board of Directors of OraSure Technologies Inc. (NASDAQ: OSUR), a leader in the development, manufacture and distribution of diagnostics and collection devices designed to detect or diagnose critical medical conditions.

Dr. Tang earned a doctorate in Chemical Engineering from Lehigh University, an M.B.A. from Wharton School of Business at the University of Pennsylvania, and a B.S. in Chemistry from the College of William and Mary.

John Chin

Executive Director

Philadelphia Chinatown Development Corporation

John William Chin is the Executive Director of PCDC, where he oversees all projects and programs. He is a native of Chinatown, Philadelphia and attended Holy Redeemer School and Friends Select School. He serves on the Board of several nonprofit organizations including the Philadelphia Association of Community Development Corporations, Friends Select School, and PHL Diversity. He is a board member of the Mayor’s Office of Economic Opportunity and is a member of National Coalition for Asian Pacific American Community Development (National CAPACD). He is committed to the preservation and growth of Chinatown for new immigrants, as it was a gateway to success for his family. In his spare time, he enjoys crime procedurals, basketball and cooking for his family.

Joseph Forkin

President

Delaware River Waterfront Corporation

In his role as Vice President for Operations and Development, Mr. Forkin acts as the “Chief Operating Officer” (COO) of DRWC, responsible for day-to-day management of DRWC, Participate in all development negotiations, the master planning process, management of capital projects, and marketing DRWC's events and other successful financial ventures.

Brett Hamilton

Principal

Alliance HSP

Brett Hamilton is a Principal at Alliance Partners focused on asset management, acquisitions, and financings. Prior to joining Alliance Partners, Mr. Hamilton worked in a similar capacity at Trammell Crow Company in its opportunistic real estate private equity fund.

Mr. Hamilton began his career working as an economic consultant and gained exposure to real estate by consulting on the bankruptcy of a $10 billion Japanese real estate investment company. Thereafter, Mr. Hamilton joined CB Richard Ellis and advanced to a director position, advising developers, investors, and public agencies on market trends, development opportunities, and project feasibility. While attending business school, Mr. Hamilton continued to work as an independent consultant for CBRE and also began to work with Trammell Crow in its private equity fund, which he joined full-time after graduation with a focus on sourcing, underwriting, and executing on opportunistic investments across asset classes.

Mr. Hamilton received a bachelor’s degree with honors in economics from Pitzer College (The Claremont Colleges) and an MBA from the Wharton School of the University of Pennsylvania. Mr. Hamilton is a LEED Accredited Professional.

Dustin Downey

SVP, Multifamily Development

Southern Land Company

Dustin started at Southern Land Company in 2005, and today leads Southern Land Company’s Northeast Division of multifamily development, including acquisitions, construction management and mixed-used development. He is responsible for all aspects of the acquisition and development process, making sure his projects are delivered on time and within budget.

Currently Dustin’s team is directing the development and construction of three Southern Land projects in Philadelphia, PA: 3601 Market, 3750 Lancaster and 1911 Walnut. Dustin previously worked on several successful Southern Land projects including Elliston23, a LEED Certified Silver mixed-use project in Nashville. Dustin also directed the development of Devon Four25 in Raleigh, North Carolina, and helped oversee the Arthouse and Lofts at Watters Creek developments in Texas.

Dustin is a graduate of Vanderbilt University where he earned his Bachelor of Science in Engineering.

Keith Orris

SVP, Corporate Relations and Economic Development

Drexel University

Keith A. Orris, Senior Vice President for Corporate Relations and Economic Development, is responsible for leading development and implementation of Drexel University’s economic development strategy. Keith is responsible for broadening and deepening relationships with corporate partners, ensuring that Drexel leverages relationships across all dimensions of possible interaction, from research partnerships to co-op opportunities to philanthropy and more. He is helping to propel Drexel forward as one of the most impactful universities in the Philadelphia region and across the tri-state area.

Under Keith’s leadership, Drexel continues to work with businesses, entrepreneurs and government leaders to become a nexus for research, technology transfer and economic development. His focus is also the Innovation Neighborhood, Drexel’s research-based live/learn/work development at Philadelphia’s 30th Street Station, and he serves as liaison with Amtrak, SEPTA and PennDOT.

Most recently, Keith was senior vice president for community and government affairs for Lancaster General Health in Lancaster, Pennsylvania. He was responsible for campus master planning and strategic capital projects as well as real estate management of the health system’s ambulatory and scattered site properties. He co-chaired a physician alignment initiative focused on building broader business relationships with medical practices in the region. In addition, Keith was responsible for community and government affairs for LGH involving local, state and federal entities.

Prior to joining Lancaster General Health in 2011, Keith was vice president for administrative services and business, government and community relations for Franklin & Marshall College. He was responsible for the College’s operations including master planning, capital projects, facilities and operations, real estate management, auxiliary services and the Department of Public Safety. He performed development activities involving complex real estate projects requiring property assemblage and public funding. He managed the 75-acre, $75 million Northwest Gateway Project involving the acquisition, remediation and development of the Armstrong and Norfolk Southern properties in northwest Lancaster. Keith also developed strategic relationships for the College and managed government relations at the local, state and federal levels.

Previously, Keith held management positions in Pennsylvania Governor Dick Thornburgh’s administration, and was a corporate officer for Health Images Inc., a publicly traded company that specialized in developing and operating outpatient diagnostic imaging centers. He also held senior positions in marketing and management with central Pennsylvania construction and material manufacturing firms.

Keith is a member of the boards of the University City Science Center and the Schuylkill River Development Corporation and active in the Association of Independent Colleges and Universities of Pennsylvania. He is past president of the James Street Improvement District Board and the Lancaster County Pennsylvania Dutch Country & Visitors Bureau, and a past board member of EDC Finance Corporation, the Economic Development Committee of Lancaster County and Albright Care Services.

Louis Merlini

Principal

Miller Investment Management

Mr. Merlini joined Miller Investment Management in 2010 and is a Principal of Miller Real Estate Fund II. He focuses on analysis and management of direct investments in real estate and private growth equity. Prior to joining Miller, he spent five years as a structural engineer, leading a variety of commercial, institutional, and healthcare design and construction projects.

Mr. Merlini earned a BS in Civil Engineering from Villanova University and an MBA from Northwestern University’s Kellogg Graduate School of Management.

Executive Outlook

Carl Dranoff

Carl Dranoff

CEO

Dranoff Properties

Matthew Pestronk

Matthew Pestronk

Co-Founder

Post Brothers

Jonathan Stavin

Jonathan Stavin

Executive Vice President

PMC Property Group

Carl Dranoff

CEO

Dranoff Properties

Urban visionary Carl. E. Dranoff has earned national recognition for his game-changing approach to residential development in the urban core. As founder and CEO of Philadelphia-based Dranoff Properties, Dranoff has developed over 1.4 million SF of prime real estate valued at $1 billion with projects ranging from ground-up skyscrapers, adaptive reuse, and mixed-use developments.

Developments, built by Dranoff, share a common theme – they are stylish, character-defining, beautifully designed expressions of modern luxury living. Philadelphia's most iconic condominium high rises, including One Riverside, 10 Rittenhouse, Two Liberty, Symphony House, and the under-construction Arthaus, are his work.

The uber-luxurious, trend-defying Arthaus is Dranoff’s latest achievement which recently welcomed its first residents. Located across from the Kimmel Center and designed by international A-list architect Kohn, Pedersen Fox, the condominium residences feature expansive skyline and river views and floorplans and finishes worthy of a magazine spread. The resort-style amenities, green spaces, gardens, and white-glove service make every day feel like a vacation.

Over his career, Dranoff has had a steady stream of development achievements that have raised the bar on luxury living and changed the equation for urban living. His game-changing apartment and condominium developments are credited with turning around many declining Philadelphia neighborhoods, the Camden, NJ's Waterfront, Newark, NJ's art district, and the Ardmore PA's business district.

Dranoff earned his B.S. in Civil Engineering at Drexel University and his MBA at Harvard University. He was also awarded an Honorary Doctorate in Engineering from Drexel University, which cited him as "a nationally recognized civic leader and entrepreneur…whose work has brought a renewed sense of history to Philadelphia and urban Americans throughout the country".

Matthew Pestronk

Co-Founder

Post Brothers

Matthew Pestronk is co-founder of Post Brothers, a real estate investment, development and management company with singular and unique expertise in urban real estate development. Matthew serves as President of the company, engaged in the sponsorship of Class-A multifamily, mixed-use and retail development projects comprised of over 7,000 units that are operating, under development or disposed plus, over 400,000 sf of commercial space, with a total capitalized cost in excess of $2.5 billion. Matthew shares strategic leadership of the company with his brother, Michael, and is engaged in asset management, financing, and project and capital formation. Matthew has worked in real estate capital transactions for his entire 20+-year career and was previously a real estate financing executive in New York City prior to forming Post Brothers. Matthew is also very active in his community and has board service experience for multiple charitable organizations including the Philadelphia Holocaust Remembrance Foundation, Beat the Streets Philadelphia, West Nottingham Academy, Children's Hospital of Philadelphia and is the Immediate past Chair of Jewish Federation Real Estate.

Jonathan Stavin

Executive Vice President

PMC Property Group

Jonathan Stavin's responsibilities as Executive Vice President include the oversight of acquisitions and commercial property leasing and management. Prior to joining the executive team at PMC in 2009, Jonathan served as Sr. Vice President at CB Richard Ellis, VP at Binswanger Management Corp., and VP/General Counsel at JPA Property. During the past decade, he was personally involved in the sale and development of more than $500 million in commercial real estate. Jonathan holds a BA from Connecticut College and a JD from The Dickinson School of Law at Pennsylvania State University. He also currently serves as a board member for the Apartment Association of Greater Philadelphia.

Center City!

Lauren Gilchrist

Lauren Gilchrist

EVP, Market Leader

Newmark

Leo Addimando

Leo Addimando

Managing Partner and Co-Founder

Alterra Property Group

Gregory Heller

Gregory Heller

Director, Capital Projects & Infrastructure

Guidehouse

Tom Scannapieco

Tom Scannapieco

President & CEO

Scannapieco Development Corporation

Howard Grossman
Moderator

Howard Grossman

Senior Counsel

Cozen O'Connor

Lauren Gilchrist

EVP, Market Leader

Newmark

Lauren Gilchrist is the Executive Vice President and Market Leader of the Greater Philadelphia Region. Gilchrist oversees Newmark Real Estate’s (Newmark’s) full suite of service offerings, managing strategic planning, revenue growth and profitability, recruitment and business development in the company’s Philadelphia, Wayne, Southern New Jersey and Delaware offices.

Based in the Philadelphia CBD office, Gilchrist holds appointments to the Board of Directors for the Philadelphia Facilities Management Corporation/Philadelphia Gas Works, Philadelphia Orchestra, Old City Community Fund, M&T Bank Advisory Board and the Greater Philadelphia Chapter of NAIOP—where she served as Chapter President from 2019 to 2020. In addition, Gilchrist has been recognized by the Philadelphia Business Journal as a 40 Under 40 honoree and a Woman of Distinction, and a Philly Power Woman by Bisnow.

Prior to joining Newmark, Gilchrist was the Managing Director of Research at Longfellow Real Estate Partners, where she directed research strategy, content creation and thought leadership, and provided market research to drive project underwriting and execution. Previously, Gilchrist also held roles as Senior Vice President of Research at JLL, Manager of Research & Analysis at the Center City District and Program Manager at the Center for Regional Economic Competitiveness.

Leo Addimando

Managing Partner and Co-Founder

Alterra Property Group

Leonidas Addimando (“Leo” for short) is a Managing Partner and Co-Founder of Alterra Property Group, LLC (“Alterra”). In addition to experience with a diverse range of real estate product types, Leo has also invested in over 15 states, built over 1,000 residential units, structured complex tax credit transactions, and overseen all aspects of numerous real estate development projects. Previously, Leo was an early employee of Orbitz.com, serving the company for three years in numerous business and corporate development capacities. Leo’s largest accomplishment while at Orbitz was spearheading the development and implementation of both a travel insurance re-sale business, and a hotel business, that together served as key profitability drivers which helped Orbitz to complete a successful IPO in 2003. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group in various management consulting capacities, and across numerous industry groups. Prior to that, he was the co-founder of both a media start-up and an internet start-up. Leo has an MBA from the Harvard Business School (“HBS”) and a B.A. in Economics and Political Science from the University of Michigan. Leo is a Board Member of the Preservation Alliance of Greater Philadelphia, the Philadelphia Building Industry Association, and the Old City District. Leo is a native of Center City Philadelphia and currently resides there with his wife (Brigitte Castaing Addimando, HBS ’05) and three children (Nico, Marcus & Sophie). In his spare time, Leo enjoys spending time with his family, golf, running, attending live sporting events and travel.

Gregory Heller

Director, Capital Projects & Infrastructure

Guidehouse

Gregory Heller is a director at Guidehouse in the Capital Projects and Infrastructure practice. Greg brings more than 15 years of public and private-sector experience in real estate finance, affordable housing, community development, and smart government approaches.

Prior to joining Guidehouse, Greg held senior leadership positions in Philadelphia’s local government as executive director of the Philadelphia Redevelopment Authority. Concurrently he also served as a senior vice president at a city-affiliated housing nonprofit and founded and led a new city-supported loan fund focused on investing in affordable housing. In these roles, he developed new approaches to complex community finance challenges, managed much of the city’s affordable housing investment, and oversaw the redevelopment of large publicly owned assets, including working closely with community stakeholders on equitable community development approaches. Greg has won a number of honors for his public sector work, including the 2021 Community Leadership Award from Urban Affairs Coalition, 2017 AIA Pennsylvania’s Government award and was also named a member of the Urban Land 40 under 40.

Prior to his public sector work, Greg was the CEO of a Baltimore-based consulting group where and his team worked with clients across the US, focusing on community finance and social-impact real estate, Greg serves on the Urban Land Institute’s national Public-Private Partnership product council, and for over 12 years he has been on the Board of Families Forward Philadelphia, one of the city’s largest homeless services groups. Greg graduated from Wesleyan University.

Tom Scannapieco

President & CEO

Scannapieco Development Corporation

For over 30 years, Scannapieco Development Corporation has been a driving force in the real estate industry. Throughout its history, the company has pursued regionally significant projects that have presented unique challenges, addressing the complex demands of real estate development in the Northeast Corridor.

From trend-setting luxury high-rise and mid-rise residential to mixed-use commercial and hotel development, Scannapieco Development Corporation has successfully established partnerships and joint ventures with institutions and major corporations including numerous Fortune 500 firms. The company has completed over $1 billion of innovative development and is widely recognized as one of the most respected and creative companies in the development industry.

Scannapieco Development Corporation’s recent projects, 1706 Rittenhouse and 500 Walnut, have transcended the residential real estate market in Philadelphia by establishing a new brand of ultra-luxury residences never before offered in the city.

In 2011, the Urban Land Institute recognized 1706 Rittenhouse as one of the 20 best projects in the Americas and was the first residential project in Philadelphia to receive this designation. Tom Scannapieco was also awarded a citation from Mayor Michael Nutter for creating outstanding examples of intelligent, creative and mindful design. His communities have been recognized as “game changing” and have established him as the expert in the ultra-luxury market.

Howard Grossman

Moderator

Cozen O'Connor

Howard Grossman is senior counsel in Cozen O’Connor’s Real Estate Practice. A nationally recognized real estate attorney, Howard has been representing developers, operators, investors, and lenders in their most complex real estate transactions for more than 30 years. He has broad experience, handling investment activities from ground-up development to acquisition, financing and disposition of existing properties.

Principal focuses of Howard’s practice include structuring sophisticated joint venture agreements and guiding development of urban mixed-use projects that include hotel, apartment, retail, and/or office space. His expansive work in the joint venture arena extends to structuring multi-party agreements and negotiating transactions involving diverse capital sources such as private equity, public finance, preferred equity, and senior debt.

Prior to joining Cozen O’Connor, Howard spent nearly 10 years as a senior executive at two well-known Philadelphia-area real estate firms. Howard served as director of acquisitions for a top 50 multifamily owner and operator, and he served as chief investment and chief operating officer of a regional multifamily owner and operator whose portfolio included more than 30 assets in eight states.

Howard received his B.A. from Rutgers University, his J.D., from the University of Florida, and holds an LL.M. in taxation from New York University.

University City!

Paul Sehnert

Paul Sehnert

Director, Real Estate Development

University of Pennsylvania

David Yeager

David Yeager

Founder & President

Radnor Property Group

Mark Thomson

Mark Thomson

SMD & co-Head of Philadelphia Office

HFF

Ryan Ade

Ryan Ade

Managing Director

HFF

Joe Reagan

Joe Reagan

SVP

Wexford Science & Technology

Bart Mellits
Moderator

Bart Mellits

Chair, Real Estate Department

Ballard Spahr

Paul Sehnert

Director, Real Estate Development

University of Pennsylvania

Mr. Sehnert manages the development and acquisition processes for a portfolio of real estate

assets controlled by Penn. Mr. Sehnert directs and manages University Real Estate

development projects, including initiating and recommending development strategies,

negotiating and structuring joint ventures for development, preparing feasibility studies, and

valuation analysis, and providing asset management, acquisition due diligence and project

management oversight.

Mr. Sehnert received a Master of Science in Real Estate Development from the Massachusetts

Institute of Technology (1988). He graduated Magna Cum Laude from the College of

Architecture at the University of Cincinnati (1979), and registered as an Architect in State of

Ohio 1980, nationally accredited by NCARB 1981.

Mr. Sehnert coordinates the University’s projects and ventures with real estate developers in

order to implement the real estate strategic plan. Current projects include the $51 M

acquisition and coordination of the $700 M public private redevelopment of the 24-acre USPS

property including “Cira South”, the $100 M luxury apartment and mixed-use development

“Domus” at 34 th and Chestnut, a $75 M 500 Bed student residential and mixed used

development “Radian Apartments,” and the 120-unit $23 M public private, developer-built

apartment building at 40 th & Chestnut “HUB”. Other Projects include the acquisition of

strategic properties and development of various mixed-use and housing developments

throughout the Campus and neighborhood. Sehnert managed and coordinated University

efforts to acquire and redevelop the 24-acre United States Postal Service property in 2005-07,

the 17-acre 124,000 SF biotech lab and vivarium from Dupont in 2006 and the 23-Acre former

Marshall Research lab in 2010. Current efforts focus on the redevelopment of the site as the

Pennovation Center, a $35M business incubator, to drive the technology transfer business and

commercialization as a R&D office park.

Representative completed projects range from the completion of the $75 M Biotech

Translational Research Laboratory (“TRL”) for the School of Medicine, the $14 M

WXPN/World Café Live performance venue and sound stage, the development of a $24 M

turnkey development of the former Divinity School site for the Penn Assisted Alexander K-8

School for the School District of Philadelphia and the construction completion of the $30.5

million joint venture parking structure with CHOP.

The University Projects that are lead by Mr. Sehnert have been recognized by professional and

trade organizations. The University Urban Development initiatives received the 2004 ULI

Award for Excellence. The TRL project was awarded a preservation award by the GPBCA and

the World Café WXPN project was the recipient of a deal of the year award by the

Philadelphia Business Journal (PBJ). The Domus mixed-use Residential project has been

awarded the PBJ Best Residential Deal for 2007.

Mr. Sehnert serves as co-chair of the Board of Directors for the Community Design

Collaborative in Philadelphia and previously served on the Board of Directors for the

Redevelopment Authority of the City of Philadelphia. Serves as a Professional practice lecturer

in Real Estate Finance and Investment at PennDesign and for the Center for Urban

Redevelopment Excellence (CUREx) at the University of Pennsylvania.

David Yeager

Founder & President

Radnor Property Group

David Yeager has a broad array of experience and skills in corporate real estate, advisory, property development and acquisitions. Mr. Yeager has worked for diverse organizations including IBM, a private national developer, a NYSE-listed real estate investment trust (REIT) and a real estate advisory firm prior to starting his own company. In his three decades of real estate experience, Dave has undertaken over $500 million in acquisitions and managed more than 7 million square feet of real estate projects.

Mark Thomson

SMD & co-Head of Philadelphia Office

HFF

Mr. Thomson is a Senior Managing Director and co-head of the HFF Philadelphia office

with more than 10 years of experience in commercial real estate. He is primarily

responsible for originating investment sales and equity placement transactions throughout

the northeastern United States, in addition to overseeing the day-to-day operations of the

firm’s Philadelphia location. Mr. Thomson has executed more than $3 billion in

commercial real estate transactions in the Mid-Atlantic and Northeast.

Mr. Thomson joined the firm in December 2013. Prior to HFF, he was Vice President of

Investments and Director of Marcus & Millichap’s national multi-housing group specializing

in the sale of multi-housing assets in the Mid-Atlantic region. Prior to his departure, his

team was the highest producing multi-housing team in the Mid-Atlantic.

Ryan Ade

Managing Director

HFF

Mr. Ade is a Managing Director of the Philadelphia office of HFF with more than 15 years

of experience in commercial real estate finance. He is primarily responsible is for placing

debt and equity for owners of retail, multi-housing, industrial and office properties.

Throughout the course of his career, Mr. Ade has completed more than $2 billion in

commercial real estate transactions.

Mr. Ade joined the firm in April 2014. Prior to HFF, he was a Managing Director of Loan

Originations at Wells Fargo Commercial Mortgage Banking since 2009. Prior to that, he

was a Vice President at Wachovia/Maher Partners and an Analyst/Production Manager at

First Union/Maher Partners.

Joe Reagan

SVP

Wexford Science & Technology

Joe Reagan brings nearly 30 years of commercial real estate experience to his current role leading the development and execution for Wexford Science + Technology. As the Senior Vice President of Development for Wexford, Joe is chartered with developing and executing projects focused on the growing Core Innovation District in West Philadelphia, known as uCity Square.

With 15 years of institutional real estate, design and construction experience in Philadelphia, Joe has a strong track record of results by developing nearly 3.5 million square feet of laboratory, office and retail space in the fast changing uCity Square.

Some of Joe’s key projects in uCity Square include:

Development of the University City Innovation Corridor, a 2.8 million SF mixed-use expansion of the Science Center

3675 Market, a 340,000 RSF lab/office building currently under construction and anchored by the Science Center and Cambridge Innovation Center

Construction and lease up of 3737 Market, a 330,000 RSF lab/office building anchored by the Penn Musculoskeletal Institute

3711 Market, a 154,000 SF lab/office building and a 500 space parking deck project in uCity Square

Before joining Wexford, Joe was Assistant Vice President of Real Estate and Architecture for the University of Pennsylvania Health System (UPHS), where he oversaw 5 million square feet of owned and leased facilities and directed the Health System design and construction department with an annual capital budget in excess of $100 million. He led the real estate development of UPHS’ network of primary and specialty care facilities. Prior to leaving UPHS, Joe led the design effort for the Perelman Center for Advanced Medicine, a new 600,000 square foot ambulatory care facility that included underground parking for 1,000 cars. Joe also led the conceptual design of an adjacent 500,000 square foot research facility for the University of Pennsylvania School of Medicine.

Joe graduated with a Bachelor of Science and Bachelor of Architecture from the Rensselaer Polytechnic Institute in Troy, NY. He is also a registered architect in Pennsylvania and New York.

Bart Mellits

Moderator

Ballard Spahr

Bart I. Mellits is Chair of Ballard Spahr’s Real Estate Department and oversees more than 110

attorneys in all of the firm's offices. With more than 30 years of experience, Mr. Mellits represents

developers, owners, and institutions in a wide range of real estate projects and transactions. His

experience encompasses development, joint ventures, sales, acquisitions, leasing, and loan

transactions, as well as real estate workouts. He also counsels a variety of Fortune 500 companies

and nonprofit clients on real estate issues affecting their businesses.

Mr. Mellits has led legal efforts on real estate-related projects for public and private universities,

national lending institutions and national retailers, in addition to national, regional, and local

developers. He has worked on a broad range of projects, including research parks, hospitals and

medical office buildings, shopping centers and malls, corporate headquarters, industrial and

warehouse facilities, multifamily residential properties, and hotels.

Mr. Mellits has represented landlords and tenants nationwide in build-to-suit leases, as well as leases

for large-scale retail, office, industrial, warehouse, hotel, research, development and laboratory, and

mixed-use properties, as well as bondable and other types of financing leases. He has structured a

variety of portfolio sales, acquisitions, and financings with REITs, private equity firms, and other

institutions.

Mr. Mellits is a member of the firm’s Elected Board as well as its Expanded Board.

Welcome Remarks from our Host

Meir Cohen

Meir Cohen

Chairman & CEO

Cohen Equities

Matthew Legge

Matthew Legge

Principal

Polaris Properties

Summary

Bisnow is excited to invite you to our 5th Annual Future of Center City featuring an in-depth look at the booming University City!

Please join us on April 18th as we discuss the state and direction of these two exciting and booming submarkets. We'll take a look at the current and planned pipeline, discuss which asset classes are thriving and which are failing, and take a look into our crystal balls and cover what the future holds for these two cities. 

Gain invaluable information, and enjoy breakfast, ample coffee and prime networking with your friends and colleagues in the industry.

Don't forget to follow us on twitter @BisnowPHILA and live tweet the event using hashtag #BisnowPhilly!

Venue

801 MARKET STREET
Philadelphia, PA 19107

Floor: 12th floor


Agenda

Time Activity
12:30 PM
1:15 PM
Networking, Coffee & Breakfast
1:15 PM
1:20 PM
Welcome Remarks from our Host
1:20 PM
1:55 PM
The Future of Center City
1:55 PM
2:30 PM
An In-Depth Look at University City
2:30 PM
3:05 PM
Executive Outlook
3:00 PM
3:30 PM
Post-game Networking