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Adapting to Disruption: CRE Strategies Amid Federal Cuts & Market Softness

Jeanine Lester

Jeanine Lester

MD & Head of DC Regional Office

MetLife Investment Management

Michael Vu

Michael Vu

Principal

Artemis Real Estate Partners

Ryan Dring

Ryan Dring

SVP

Hoffman & Associates

Robbie Pinkas

Robbie Pinkas

SVP

Pace Loan Group

Drew Schwartz

Drew Schwartz

VP

FCP

Melina Duggal
Moderator

Melina Duggal

Senior Director, Market Analytics

CoStar

Jeanine Lester

MD & Head of DC Regional Office

MetLife Investment Management

Jeanine Lester is head of Washington, D.C. regional office. She assumed her current role in 2018 and is responsible for the Washington, D.C. region’s commercial mortgage and real estate equity portfolios.

In her 14 years with MetLife, Lester spent eight years originating or refinancing commercial mortgages totaling over $2 billion in the San Francisco region. In 2012, Lester transitioned to director of acquisitions in San Francisco and successfully led the team in over $2.8 billion of transaction volume with nearly $1.3 billion of equity investments. Prior to joining MetLife, Lester was a senior consultant with the Rosen Consulting Group responsible for co-authoring economic and real estate white papers and completing special projects on market strategies for real estate investor clients.

She earned a Bachelor of Science degree in political science and a minor in economics from Santa Clara University, and an MBA with a concentration in real estate from the Haas School of Business, University of California Berkeley.

Michael Vu

Principal

Artemis Real Estate Partners

Michael Vu is a Principal and sits on the Investment Committee of Artemis Real Estate Partners. Mr. Vu is responsible for developing and implementing the acquisition and asset management activities of Artemis. Mr. Vu joined as a founding member of Artemis in 2010, has been involved in over $1.9 billion in new investments, and is based in metropolitan Washington, DC.

Previously, Mr. Vu was an associate at The Carlyle Group, where he served in the Transactions Group within U.S. Real Estate. Mr. Vu was focused on property and portfolio acquisitions, dispositions, and financings across all major property types. Prior to The Carlyle Group, Mr. Vu was an analyst at Lazard Frères & Co. where he focused on mergers and acquisitions within the U.S. Real Estate group in New York.

Mr. Vu earned a bachelor's degree in Politics and Finance from Princeton University, graduating magna cum laude. Mr. Vu was awarded the Lyman H. Atwater Prize for the top thesis within the Politics department. Mr. Vu is the Vice Chair on the board of the Maya Angelou Public Charter School in Washington, D.C., which focuses on providing a second chance to high schoolers and young adults to put them back on track towards a high school diploma or equivalent credential and a path for a productive post-secondary career. Mr. Vu is also an active council member with the Urban Land Institute.

Ryan Dring

SVP

Hoffman & Associates

Ryan Dring joined Hoffman & Associates in 2018, and as Senior Vice President of Capital & Asset

Management oversees sourcing and negotiating financing for Hoffman & Associates projects across the

Mid-Atlantic and Southeast. In addition to overseeing project financing, Ryan manages the operational

and financial performance of the Hoffman & Associates portfolio. Ryan’s past project experience at

Hoffman & Associates includes managing the innovative financing of Waterfront Station II in the

Southwest neighborhood of Washington, DC and the financing of West Falls in Falls Church, Virginia as

well as Seaboard Station in Raleigh, North Carolina.

Prior to joining the company, Ryan served as a Senior Associate in the institutional client relationship

management division of J.P. Morgan Chase and as a Senior Associate at Deutsche Bank in their credit

trading and debt capital markets division.

Ryan graduated from The George Washington University with a Bachelor of Arts in International Affairs

and holds a MBA from Georgetown University, McDonough School of Business.

Robbie Pinkas

SVP

Pace Loan Group

Robbie Pinkas joined PLG in 2024 as Senior Vice President of Originations. He brings over 15 years of experience to the role, including three years leading transaction execution and program authority relationships at North Bridge, a C-PACE lender.

At PLG, Robbie is responsible for loan origination, loan underwriting, and portfolio monitoring. Prior to PLG, he worked in progressively senior roles at Credit Suisse, Google, Douglaston Development, and The Collective, a London-based co-living company.

Robbie graduated from Harvard University with an AB in History, cum laude.

Drew Schwartz

VP

FCP

Drew Schwartz is a member of the Capital Markets team and is focused on both asset and corporate finance. Since joining FCP in 2015, he has also worked on the multifamily acquisitions and asset management teams. Drew graduated from the University of Michigan’s Ross School of Business, where he earned his BBA with concentrations in Finance and Real Estate.

Melina Duggal

Moderator

CoStar

Melina Duggal, AICP is the Senior Director of Market Analytics at CoStar and Homes.com in Washington, D.C., where she provides strategic insights on real estate trends across for-sale, multifamily, office, industrial, and retail sectors. With over 25 years in real estate consulting and market analytics, Melina has advised developers, investors, and policymakers on market conditions and investment strategies. She teaches real estate at the Ross School of Business at the University of Michigan. Previously, she led Duggal Real Estate Advisors, taught at the University of Maryland and George Mason University, and worked with RCLCO, a real estate consulting firm. Melina holds a bachelor’s degree in honors anthropology and Spanish and a master’s degree in Urban Planning from the University of Michigan.

Capital vs Confidence: What Will It Take to Bring Investment Back to DC?

Douglas Donatelli

Douglas Donatelli

Co-Founder

DSC Partners

Nicholas Smith

Nicholas Smith

Partner

DSC Partners

Josh Posnick

Josh Posnick

Global Head of Capital Markets

Trammell Crow Company

D'Juan O'Donald

D'Juan O'Donald

Executive Director, Commercial & Investment Bank

J.P. Morgan

Ryan Riel

Ryan Riel

SEVP

EagleBank

Aaron Kraus

Aaron Kraus

Managing Director, Market Development and Strategy

Nuveen Green Capital

Jon Banister
Moderator

Jon Banister

East Coast Editor

Bisnow

Douglas Donatelli

Co-Founder

DSC Partners

DOUGLAS J. DONATELLI is a co-founder and Principal of DSC Partners LLC. Prior to forming DSC, Mr. Donatelli was a co-founder of First Potomac Realty Trust (NYSE: FPO) and served as the company’s Chairman and CEO from 1997 until 2015. He led First Potomac’s growth from four properties totaling 800,000 square feet in 1997, through its IPO and listing on the New York Stock Exchange in 2003, to become one of the largest and fastest-growing real estate companies in the Greater Washington region with a portfolio valued in excess of $2.5 billion.

Previously, Mr. Donatelli was Executive Vice President of Donatelli & Klein, Inc., a real estate development and investment firm located in Washington, D.C., and President of D&K Broadcasting, which owned Fox network affiliated television stations.

Mr. Donatelli is active in numerous charitable and community organizations, including serving as Chair Emeritus of Catholic Charities of the Archdiocese of Washington, having served as Board Chair from 2012 to 2015. He also serves on the board of Higher Achievement, focused on enhancing educational opportunities for inner-city middle schoolers, and is former Vice Chair of the Kennedy Center Corporate Fund Board. He was named Trendlines TrendSetter of the Year in 2011, was named Man of the Year by the Boys and Girls Clubs of Greater Washington, and was a regional finalist for E&Y’s Entrepreneur of the Year. Mr. Donatelli received his Bachelor of Science degree in Business Administration from Wake Forest University.

Josh Posnick

Global Head of Capital Markets

Trammell Crow Company

Josh Posnick serves as Global Head of Capital Markets for Trammell Crow Company, responsible for leading the firm’s global capital strategy across all equity and debt programs, including capital formation, financing execution, and balance sheet optimization.

Posnick joins TCC from Mill Creek Residential Trust in Washington, D.C., where he was most recently the Senior Managing Director of Capital Markets, responsible for project capitalizations across the U.S. Prior to that, he was involved in all phases of the firm’s multifamily development, throughout the MidAtlantic region, including site acquisition, design, entitlements, financing, and dispositions. He also worked in Deloitte’s Real Estate Valuation and Consulting Practice.

D'Juan O'Donald

Executive Director, Commercial & Investment Bank

J.P. Morgan

D’Juan O’Donald’s career has spanned Commercial Real Estate, Distressed/Special Situations, Structured Finance, Institutional Investment Management and Capital Markets. D’Juan sits in JPMorgan’s Commercial & Investment Bank and currently spearheads a new platform to manage, and maximize value of, a national portfolio of large-scale, distressed and undervalued properties. Previously, D’Juan was responsible for investment strategy, acquisitions, redevelopments, and dispositions across JPMorgan’s balance sheet-owned real estate & REO portfolio ($20B). Prior to JPMC, he was sourced and executed equity, debt, and structured capital solutions ($2B) in the private market for institutional and middle market investors at Ackman Ziff. Before Ackman Ziff, he was employed by H/2 Capital Partners ($12B AUM international fund manager). While at H/2, D’Juan underwrote, managed, sourced, structured, and acquired CMBS, CDOs, senior mortgages, NPL’s, corporate loans, secondary equity fund LP interests and net-leased real estate, plus participated in investor relations activities. D’Juan began his career at LNR Property Corporation, a subsidiary of Starwood Property Trust, in the Real Estate Investment Management, Finance & Servicing Group, where he amassed a breadth and depth of experience by remaining active in every part of the economic cycle by rotating through each revenue generating business unit. Highlights include directly facilitating the acquisition of subordinate, unrated bonds from CMBS pools ($16B); distressed loan restructures/workouts ($500MM); assisting in the partnership formation with FinTech company Ten-X (f/k/a Auction.com) and evaluating B-Notes, mezzanine loans, REOs, NPLs, RPLs, distressed, special situation and other opportunistic real estate equity and high yield credit investments ($10B). D’Juan holds an M.B.A. from The University of Pennsylvania’s Wharton School (Finance & Management), is a CAIA charterholder and obtained a B.A. in Mathematics from Duke University. On campus, D’Juan competed on the Football and Track & Field teams and was a member of the Duke Investment Club. Subsequently, D’Juan was a professional athlete in the Arena Football League. As an active member of the community, D’Juan serves as a board member of the DowntownDC BID (on the Finance Committee), previously served on the Advisory Board of the Robert F. Kennedy Young Leaders (RFK Human Rights Center) and volunteered with the Duke Alumni Clubs of NY and South Florida.

Ryan Riel

SEVP

EagleBank

Ryan Riel has worked in Commercial Real Estate with EagleBank for more than 20

years and currently oversees the Bank’s $5 billion CRE lending portfolio. Throughout

his tenure, he has worn multiple hats and participated in originating more than $6

billion in real estate transactions of various types across the DC region. Since

February 2025, in addition to CRE Lending, Mr. Riel oversees more than 200

employees across retail banking, small business lending, loan and deposit

operations, and information technology.

Mr. Riel sits on the Board of Directors of the EagleBank Foundation, and on the Board

for George Mason University’s Center for Real Estate Entrepreneurship. He is a

current Trustee for The Children’s Inn at NIH and previously served on the Board of

Directors at the Inn for ten years. He earned a Bachelor’s Degree in Economics from

West Virginia University.

Aaron Kraus

Managing Director, Market Development and Strategy

Nuveen Green Capital

Aaron is the Managing Director of Market Development and Strategy at Nuveen Green Capital. Aaron has more than ten years of experience in the energy policy and markets space. Prior to Nuveen Green Capital, he was a Director of Policy and Electricity Markets for SolarCity, one of the largest solar and energy storage developers in North America. He led national policy activities for the Commercial and Industrial (C&I) segment of the market.

Earlier in his career, he was a member of the energy practice of Booz Allen Hamilton, where he worked on third-party financing mechanisms for renewable and energy efficiency projects, natural gas procurement, and energy-related legislative and budget matters for the U.S. Department of Defense.

Aaron received his graduate degree from Johns Hopkins University and his undergraduate degree from the University of Maryland.

Jon Banister

Moderator

Bisnow

Jon Banister is an East Coast Editor at Bisnow. He has managed Bisnow’s data center coverage since early 2022, and he has managed commercial real estate coverage in the D.C., Boston and Philadelphia markets. From 2016 to 2021 he was Bisnow’s D.C. reporter, during which time he covered the Northern Virginia data center market. He is a board member of the National Association of Real Estate Editors and has won several journalism awards from the organization.

What You'll Learn

  • How are recent interest rate pressures and easing sentiment reshaping multi‑family and office investment decisions in the D.C. area?

  • In a market where CRE financing sentiment plunged 30% in Q1, the second largest drop since the pandemic, how are banks adjusting underwriting and risk frameworks? Where is capital still flowing?

  • What strategies are investors deploying to find value amid rising distress for loans and specific asset classes? Which deal structures are successfully bridging growing financing gaps?

  • How have recent loan defaults, maturing debt, and surging office vacancies influenced valuation trends and stability across D.C. and the broader DMV?

  • Beyond financing, how are owners and developers reinforcing long-term resilience like asset repositioning, hybrid-use conversions or public-private partnerships?

How You’ll Do More CRE Business:

With federal downsizing, high interest rates and softening office values weighing on the D.C market, getting deals done in 2025 requires new strategies and strong partnerships. Gain insights from the region’s top capital players on how they’re navigating tighter lending conditions, identifying distressed opportunities and structuring around risk. Learn how public incentives, policy shifts and creative financing approaches are helping restore investor confidence and unlock stalled projects. 

Who’s in the Room?

The Meridian Group, Federal Realty Investment Trust, PRP, Cerberus Capital Management, Invesco Real Estate, United Bank, EagleBank, Stream Realty Partners, Terrania North America, Solitude Cove Capital and more. 

For questions, recommendations, comments, press inquiries, or if you are interested in sponsoring, please email our Director of Event Production, Elizabeth Baker, at liz.baker@bisnow.com. To request disability-related accommodations, please contact sabrina.cole@bisnow.com no later than seven business days prior to the event.

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Venue

Hilton Washington DC National Mall The Wharf
480 L'Enfant Plaza SW
Washington, District of Columbia 20024

Ballroom: L'Enfant Ballroom and Foyer


$30/per car

Get Directions

Agenda

Time Activity
7:00 PM
8:00 PM
Registration + Networking
8:00 PM
8:45 PM
Adapting to Disruption: CRE Strategies Amid Federal Cuts & Market Softness

Explore how developers, lenders, and owners are adjusting strategies in response to shifting federal employment trends, rising vacancies, and a softening demand outlook across D.C.

8:45 PM
9:30 PM
Capital vs Confidence: What Will It Take to Bring Investment Back to DC?

Industry leaders discuss the policy shifts, financial tools, and public-private collaboration needed to rebuild investor confidence and reignite development momentum across the region.

9:30 PM
11:00 PM
Post-Event Cocktail Party

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