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Speakers and Panels

Howard Grossman
Moderator

Howard Grossman

Senior Counsel

Cozen O'Connor

Karen Iman

Karen Iman

Senior Director

Cushman & Wakefield

Beryl Simonson
Moderator

Beryl Simonson

Partner

RSM

Bradley Korman

Bradley Korman

CEO

Korman Communities

Leo Addimando

Leo Addimando

Managing Partner

Alterra Property Group

Rebecca D. Jones
OPENING REMARKS

Rebecca D. Jones

Principal

RD Jones

Jonathan Morgan

Jonathan Morgan

President

Morgan Properties

Jonathan Stavin

Jonathan Stavin

Executive Vice President

PMC Property Group

Spencer Yablon

Spencer Yablon

SVP

CBRE

David Lazarus

David Lazarus

Managing Director

LEM Capital

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.

Bradley Korman

CEO

Korman Communities

Mr. Korman is Co-CEO of Korman Communities, Inc. The Company is one of the

largest owners and managers of multi-family properties in the region with a portfolio of

24 properties, and total market capitalization in excess of $2 Billion. The Company

operates throughout major markets in the United States, and is based outside of

Philadelphia, PA. The Company was the innovator of short-term furnished apartments in

the United States over 50 years ago, and Mr. Korman is a member of the fourth

generation to lead this company. The Company operates three brands, including its ARK

and AVE properties which feature full service multifamily operations at prime, infill

locations. The Company introduced its AKA brand in 2004, an upscale, urban high-rise

concept with properties located in New York City, Philadelphia, PA, Washington, D.C.,

Beverly Hills, CA, and London.

Mr. Korman has lead the acquisition, development and financing program of all new

properties by the Company, including the entrance into new markets such as New York

City, Beverly Hills and London. This growth has allowed Korman Communities to

establish relationships with some of the largest and most respected financial and lending

institutions in the country. Mr. Korman oversees all new business development,

including debt and equity relationships, throughout the Company.

Mr. Korman serves on the Board of Trustees of The Philadelphia Police Foundation,

Germantown Academy and the Duke University Library Advisory Board. He is also a

member of the JFRE Executive Committee, President’s Leadership Council at Jefferson,

Zell/Laurie Real Estate Center of The Wharton School of the University of Pennsylvania,

and is a licensed Real Estate Broker in Pennsylvania and New York.

Mr. Korman received his B.A from Duke University in 1987, and his M.B.A. from The

Wharton School of the University of Pennsylvania in 1992.

Jonathan Morgan

President

Morgan Properties

Jonathan Morgan is a Managing Director and President of Morgan Properties JV Management LLC (http://www.morgan-properties.com/), one of the nation’s largest and fastest growing apartment owners. Headquartered in King of Prussia, PA, Morgan Properties owns and operates an existing multifamily portfolio of over 30,000 apartment units located across country in 10 states throughout the Northeast and Mid-Atlantic Region. Morgan Properties primarily targets its Core Markets consisting of Suburban New York, New Jersey, Philadelphia and the Baltimore-DC Corridor. Over the last two years, Mr. Morgan has spearheaded Morgan Properties’ recent acquisitions of over $850 Million and 7,500 units.

Mr. Morgan is seasoned real estate investor and entrepreneur with a proven track record in value-enhancement investment opportunities. He is responsible for sourcing, underwriting, negotiating and closing acquisitions, recapitalizations and refinancing all transactions consummated by Morgan Properties. He also sources and establishes all of Morgan Properties’ Joint Venture partnership relationships with institutional investors. Mr. Morgan is an alum from the University of Pennsylvania and Columbia Business School. Mr. Morgan has previously worked at Bear Stearns and Apollo Real Estate Advisors (AREA), where he focused on distressed debt and real estate private equity.

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.

Spencer Yablon

SVP

CBRE

Spencer Yablon is a Senior Vice President with the Capital Markets | Multifamily Group in Philadelphia, Pennsylvania. In May of 2014, Spencer joined the team of Bob Miller, John McFadden, Lizann McGowan, Matt Stefanski, Francis Coyne and John Sharkey, one of the top apartment investment teams in the company and the preeminent team in the Philadelphia Metropolitan Area. This team provides its clients with more than 112 combined years of local market knowledge and apartment sales expertise. Spencer is part of the CBRE Capital Markets| Multifamily Group, which specializes in larger apartment properties, portfolios and institutional clients.

He has over 11 years of experience in commercial real estate specializing in the sale of investment properties for developers, private and institutional clients. Previously Spencer served as Regional Manager and Broker of Record of the Philadelphia office for Marcus and Millichap. His responsibilities included oversight of its team of agents and capital markets professionals throughout the Delaware Valley. During his tenure as manager, the Philadelphia office successfully closed over 850 transactions valued over $4 billion.

Prior to entering the real estate business, Spencer worked as a wealth management consultant for Oppenheimer & Co., formerly CIBC Oppenheimer, in New York City, where he managed roughly $250 million for high net worth individuals.

In 2011, he was named to the Philadelphia Business Journal’s prestigious “40 Under 40” recognition list.

David Lazarus

Managing Director

LEM Capital

As Managing Director of the firm, David leads the acquisitions team in the evaluation, underwriting and due diligence of potential investments, develops and maintains relationships with existing and new operating partners and actively assists the co-founders in running the day-to-day operations of the firm. His goal is maintaining and expanding a robust nationwide network of operating partners with the experience and operational capacity to execute our value-add business plans and generate attractive investment returns for our investment partners. In addition, David is actively involved with the firm’s compliance committee and takes a lead role in establishing comprehensive policies and procedures and implementing a culture of compliance at the firm.

Prior to LEM, David was co-founder of Spring Mill Capital, an investment management and advisory firm focused on commercial real estate debt, the chief operating officer of Capmark Investments, an institutional investment advisory business, and the head of Capmark Financial Group’s global capital markets commercial mortgage backed securities and loan syndication team. David began his career practicing law in the real estate group of Dechert LLP, a multi-national law firm based in Philadelphia.

David received his Bachelor of Arts from Harvard College and his Juris Doctor from the University of Pennsylvania Law School.

Summary

Join Bisnow and the leaders of the commercial real estate community to discuss the state of the Philadelphia & National multifamily market. Our all-star panelists will break down current trends, the impact of the economy and job growth on the market, capital markets and investment activity, and the effect of new requirements in sustainability and innovation on development.

As always, join us before and after the program for ample networking opportunity!

Venue

The Ritz-Carlton Philadelphia
(Grand Ballroom, Lower Level)
10 Avenue of the Arts
Philadelphia, PA 19102