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David Rubenstein

David Rubenstein

Co-Founder & Co-Executive Chairman

The Carlyle Group

Willy Walker
Moderator

Willy Walker

Chairman & CEO

Walker & Dunlop

Elizabeth Baker
Emcee

Elizabeth Baker

Vice President, Event Production

Bisnow

David Rubenstein

Co-Founder & Co-Executive Chairman

The Carlyle Group

David M. Rubenstein is a Co-Founder and Co-Executive Chairman of The Carlyle Group, one of

the world’s largest and most successful private investment firms. Mr. Rubenstein co-founded the firm in

1987. Since then, Carlyle has grown into a firm managing $230 billion from 30 offices around the world.

Mr. Rubenstein is Chairman of the Boards of Trustees of the John F. Kennedy Center for the

Performing Arts and the Council on Foreign Relations; a Fellow of the Harvard Corporation; a Regent of

the Smithsonian Institution; a Trustee of the National Gallery of Art, the University of Chicago, Memorial

Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National

Constitution Center, the Brookings Institution, and the World Economic Forum; a Director of the Lincoln

Center for the Performing Arts and the American Academy of Arts and Sciences; and President of the

Economic Club of Washington.

Mr. Rubenstein is a member of the American Philosophical Society, Business Council, Harvard

Global Advisory Council (Chairman), Madison Council of the Library of Congress (Chairman), Board of

Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and

Management at Tsinghua University (former Chairman), and Board of the World Economic Forum

Global Shapers Community.

Mr. Rubenstein has served as Chairman of the Board of Trustees of Duke University and the

Smithsonian Institution, and Co-Chairman of the Board of the Brookings Institution.

Mr. Rubenstein is an original signer of The Giving Pledge, a significant donor to all of the above-

mentioned non-profit organizations, and a recipient of the Carnegie Medal of Philanthropy, and the

MoMA’s David Rockefeller Award, among other philanthropic awards.

Mr. Rubenstein has been a leader in the area of Patriotic Philanthropy, having made

transformative gifts for the restoration or repair of the Washington Monument, Monticello, Montpelier,

Mount Vernon, Arlington House, Iwo Jima Memorial, the Kennedy Center, the Smithsonian, the National

Archives, the National Zoo, the Library of Congress, and the National Museum of African American

History and Culture. Mr. Rubenstein has also provided to the U.S. government long-term loans of his rare

copies of the Magna Carta, the Declaration of Independence, the U.S. Constitution, the Bill of Rights, the

Emancipation Proclamation, the 13 th Amendment, the first map of the U.S. (Abel Buell map), and the first

book printed in the U.S. (Bay Psalm Book).

Mr. Rubenstein is the host of The David Rubenstein Show: Peer-to-Peer Conversations on

Bloomberg TV and PBS, and Leadership Live with David Rubenstein by Bloomberg Media; and the

author of The American Story: Conversations with Master Historians, a book published by Simon &

Schuster in October 2019, and How to Lead: Wisdom from the World's Greatest CEOs, Founders, and

Game Changers, a book published by Simon & Schuster in September 2020.

Mr. Rubenstein, a native of Baltimore, is a 1970 magna cum laude graduate of Duke University,

where he was elected Phi Beta Kappa. Following Duke, Mr. Rubenstein graduated in 1973 from the

University of Chicago Law School, where he was an editor of the Law Review.

From 1973-1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton

& Garrison. From 1975-1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s

Subcommittee on Constitutional Amendments. From 1977-1981, during the Carter Administration, Mr.

Rubenstein was Deputy Assistant to the President for Domestic Policy. After his White House service and before co-founding Carlyle, Mr. Rubenstein practiced law in Washington with Shaw, Pittman, Potts &

Trowbridge (now Pillsbury Winthrop Shaw Pittman).

Willy Walker

Moderator

Walker & Dunlop

Willy Walker is consistently recognized as one of the most influential executives in the United States commercial real estate finance industry. He joined the company in 2003 as executive vice president and chief operating officer and became chief executive officer in 2007. Under Mr. Walker’s leadership, Walker & Dunlop has grown from a small, family-owned business with one office and forty-six employees to become one of the largest commercial real estate finance companies in the United States with twenty-five offices and over five hundred employees. Walker & Dunlop has been named one of the "50 Fastest Growing Companies" in the Washington Region every year since 2011, named a "Great Places to Work" in 2012, 2013 and 2015, and named a “Top Workplace” by the Washington Post in 2014 and 2016. Investors in Walker & Dunlop’s IPO saw their stock appreciate 191% in the company’s first five years as a public company. Mr. Walker won the Ernst & Young Entrepreneur of the Year award in 2011.

Prior to joining Walker & Dunlop, Mr. Walker was president of the European and Latin American divisions of TeleTech, a global business process outsourcing company. He previously worked at private equity firm Newbridge Latin America, and was also general manager of a regional airline start-up in Argentina. He currently serves on the boards of the Mortgage Bankers Association, the Federal City Council, the Sustainable Technology Fund, and St. Albans School. Mr. Walker was Chairman of the Board of the District of Columbia Water and Sewer Authority (DC Water) from 2008 until 2012, and Chairman of the Board of Transcom, a global business process outsourcing company, from 2007 until 2012.

Mr. Walker received his Bachelor of Arts degree from St. Lawrence University and Master’s degree in Business Administration from Harvard University. He has run the Boston Marathon in 2:36, is an avid cyclist, and can likely be found on the ski slopes of Sun Valley when not running Walker & Dunlop.

Summary

  1. What do you think the new balance of power in D.C. will mean for the commercial real estate industry?

  2. Do you think we could see significant changes in U.S. economic policy in the coming years?

  3. With COVID-19 cases rising again, how do you think the U.S. economy and CRE markets will fare during the winter?

  4. What commercial real estate sectors are you most bullish on now, and which are you most worried about?

  5. Do you think suburban areas are positioned to outperform downtown markets in the coming years?

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