Keynote: Setting the Economic Stage

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  Spencer Levy

  Spencer Levy is Global Client Strategist and Senior Economic Advisor for CBRE, the largest commercial real estate services firm in the world. In this role, he focuses on client engagement and public-facing activities, including thought leadership work performed in conjunction with CBRE Research. He also serves as Co-Chair of the Real Estate Roundtable’s Research Committee. Spencer is frequently quoted in major business publications and appears on business television, including CNBC, CNN, Bloomberg, PBS and Fox Business. Spencer is the host of CBRE’s podcast “The Weekly Take.” He is considered one of the most insightful commentators on issues of importance to commercial real estate. Spencer has 27 years of experience in commercial real estate, including the past 15 at CBRE. In this time, he has served as a lawyer, investment banker, capital markets and senior research leader. He leverages that varied background to formulate advice and create presentations that go deep and touch on all aspects of commercial real estate. His thoughtful analysis, coupled with a highly engaging presenting style, has made him one of the most sought-after commentators and advisors in the industry. Spencer regularly speaks at major events of the country’s leading commercial real estate organizations, including CORENET, NAIOP, ULI, ICSC, NAREIM and CREW. He also has guest lectured at his alma maters Harvard and Cornell, as well as Columbia, NYU, Johns Hopkins, Indiana, Georgetown, Pitt, UCLA, USC, Ohio State and many others. Spencer is a recipient of multiple industry awards, including a two-time winner of the CORENET Luminary Award for Excellence in Public Speaking, the CBRE Trammell Crow Master Builder Award, the CBRE Gary J. Beban Teamwork Award, the CBRE Capital Markets “MVP”, and was named a State of Maryland Influencer in Real Estate and was recently given the Lifetime Achievement Award for Excellence in Commercial Real Estate by the Daily Record. While a New Yorker for most of his life, Spencer currently resides in Baltimore with his wife of 23 years and their three children. Spencer serves on the board of the Baltimore Leadership School for Young Women.

  CBRE

  Global Client Strategist & Senior Economic Advisor

  Spencer Levy

  Global Client Strategist & Senior Economic Advisor

  CBRE

Creative Financing Opportunities in Multifamily

1. Learn how new fund structures and creative financing opportunities are impacting the CRE capital stack 2. How the capital stack shifts with smaller transactions

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  Christian Gorissen

  Christian R. Gorissen is a credit trained, multilingual, multifamily & commercial real estate, finance, acquisitions, capital markets and investment sales professional. Specialties: Multifamily & Commercial real estate financing, investments and acquisitions, Fannie Mae, Freddie Mac, HUD/FHA, structured finance, capital markets, term sheet, operating and joint venture agreement negotiation, international equity capital raising, underwriting, asset management, Agency CMBS trading, blockchain and commercial real estate tokenization.

  PNC real estate

  Senior Originator

  Christian Gorissen

  Senior Originator

  PNC real estate

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  Michael Vu

  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.

  Artemis Real Estate Partners

  Principal

  Michael Vu

  Principal

  Artemis Real Estate Partners

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  Dwight Dunton

  Dwight Dunton is Bonaventure’s Founder & CEO. Bonaventure was formed in 1999 under Dwight’s leadership and has evolved into an integrated alternative asset management company focused on multifamily developments, acquisitions, operations, and finance. Today, Dwight operates as the company’s visionary leader and strategic problem solver. He is a master predictor and ingenious intellectual who guides Bonaventure’s goals and ambitious growth trajectory. Dwight works across all lines of the business to ensure the team operates as one, using Bonaventure’s core values as its guiding principles. Dwight received a Bachelor of Science in Finance from the McIntire School of Commerce at the University of Virginia. He resides in Northern Virginia with his wife Camille and is a father of four daughters.

  Bonaventure

  Founder and CEO

  Dwight Dunton

  Founder and CEO

  Bonaventure

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  Lacy Rice

  Founding partner Lacy Rice has 38 years of experience in real estate and corporate finance. Prior to co-founding FCP, Mr. Rice was a Principal at The Carlyle Group, where he and Esko Korhonen helped raise and invest Carlyle’s first real estate private equity fund ($457 million). Mr. Rice also served on the fund’s Investment Committee. Prior to joining Carlyle, Mr. Rice was a member of the Investment Banking Group at Alex. Brown & Sons, where he was involved in $2.5 billion of real estate M&A and underwriting transactions. Mr. Rice also developed residential communities as a Principal at Haas & Hayne Corporation and structured and closed loans, private placements, and interest rate swaps as a Corporate Account Officer at Chemical Bank. Mr. Rice serves on the boards of United Bankshares, Inc. (NASDQ: USBI) and The Boys and Girls Clubs of Greater Washington. He has served as Board Chairperson of American Community Properties Trust (NYSE AMEX: APO) and as a member of; the Shepherd University Board of Governors, the WV Economic Development Authority Board, the BB&T D.C. Advisory Board, and the Mercersburg Academy Alumni Council. Mr. Rice received a Masters of Business Administration degree from Harvard Business School and a Bachelor of Arts degree from Princeton University.

  FCP

  Managing Partner

  Lacy Rice

  Managing Partner

  FCP

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  Ryan Riel

  Ryan Riel has been working in Commercial Real Estate with EagleBank for more than 20 years and currently oversees EagleBank’s CRE Lending function and its 50+ employees. During his tenure at EagleBank he has worn several hats, and participated in the origination of more than $3 billion in real estate transactions of all shapes and sizes across the DC region. He earned a Bachelor’s Degree in Economics from West Virginia University and currently sits on the Board of Directors of the EagleBank Foundation and at The Children’s Inn @ NIH.

  EagleBank

  EVP, Chief Real Estate Lending Officer

  Ryan Riel

  EVP, Chief Real Estate Lending Officer

  EagleBank

• Moderator

  TC Cosby

  Director

  Greysteel

DC 2023 Financial Outlook

1. How is inflation and the economic uncertainty impacting the ability to get deals financed? 2. Who is investing in the DC region from outside the DMV, and what unique opportunities are they finding in this market?

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  Jeanine Lester

  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.

  MetLife Investment Management

  MD & Head of DC Regional Office

  Jeanine Lester

  MD & Head of DC Regional Office

  MetLife Investment Management

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  Bill Collins

  William M. Collins is a member of the Board of Directors at DTZ. He has more than 30 years of commercial real estate experience focused primarily in the sale of commercial real estate office buildings and land in the Washington metropolitan area. Bill works actively with institutional owners in the consultation and disposition of their real estate assets. During the past ten years, he has successfully completed more than $18 billion in investment property sales. Areas of Specialization • Investment Sales • Finance, Debt, and Equity • Land Acquisition & Disposition

  Cushman & Wakefield

  Executive Vice Chairman

  Bill Collins

  Executive Vice Chairman

  Cushman & Wakefield

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  Eric Ekeroth

  Eric Ekeroth manages a team of investment professionals that are responsible for producing both mortgage and real estate equity investments throughout the Mid-Atlantic on behalf of Northwestern Mutual. The Mid-Atlantic has historically been one of the most productive regional offices for Northwestern and in 2018 it was responsible for originating 20 investments totaling over $900 million in mortgage investments plus $300 million in direct equity investments. Eric has been active in real estate since 1989 when he began his real estate career at the American Security Bank in Washington, DC. His previous real estate experience includes production roles with Union Labor Life Insurance and GMAC. He is a graduate of the University of Maryland and currently resides in Ashburn, VA with his wife and two sons.

  Northwestern Mutual

  Regional Director

  Eric Ekeroth

  Regional Director

  Northwestern Mutual

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  Chris Guthrie

  The first of three iconic office towers rising above the Reston Metro Plaza, this 365,000 square foot, LEED Silver, Trophy-Class tower designed by internationally renowned architect, Helmut Jahn, is the most recognizable landmark in the Dulles Corridor. With unobstructed panoramic views stretching from the National Cathedral in Washington, DC to Tysons Corner’s skyline to Dulles International Airport and beyond, this headquarters quality building combines world-class amenities with unmatched services, accessibility, sustainability, and convenience.

  Comstock

  Chief Financial Officer & Executive Vice President

  Chris Guthrie

  Chief Financial Officer & Executive Vice President

  Comstock

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  Jessica Lee

  Jessica Lee advises clients in complex commercial transactions, from public-private partnerships to multi-million dollar construction financings. As a member of the Real Estate group, Jessica regularly advises clients on the acquisition, development and leasing for a wide variety of projects. She has an extensive array of experience representing developers, borrowers, real estate investment trusts and both commercial landlords and tenants.

  Pillsbury Winthrop Shaw Pittman LLP

  Counsel

  Moderator

  Jessica Lee

  Counsel

  Pillsbury Winthrop Shaw Pittman LLP

Opening Remarks

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  Chris Clemente

  Chris Clemente founded the Comstock organization in 1985 and has guided its growth and diversification since its inception. Mr. Clemente managed the growth of Comstock as a private enterprise until the 2004 initial public offering of Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI), now known as Comstock Holding Companies®, Inc. (“Comstock” or “Company”). Since the IPO, Mr. Clemente has served as Chairman of the Board and Chief Executive Officer of Comstock and is the largest individual stockholder of the Company. Mr. Clemente chairs Comstock’s Executive Committee, which charts strategic direction, evaluates acquisition opportunities, and oversees strategic partnerships, including multiple public-private partnerships. Mr. Clemente is also Managing Member of Comstock Partners, LC (“Partners”), a family-owned, private company founded by Mr. Clemente in 1999 to focus on commercial real estate development and investment. Following its IPO, Comstock expanded its for-sale homebuilding operation into multiple key markets in the southeastern United States, while the commercial development operation of Partners remained focused on the Washington, DC market. Following the Great Recession, Comstock scaled back its for-sale homebuilding operation to focus solely on the Washington, DC market. Mr. Clemente managed the two companies as separate firms with distinct management teams and investment objectives until early 2018, when Comstock announced its plan to wind-down its for-sale homebuilding operation and refocus on commercial development, real estate asset management, and real estate related services. To execute this strategic plan, the operating platforms of Comstock and Partners were combined, and changes were made to the management team. To anchor the transition, Partners entered a long-term, cost-plus asset management agreement covering its portfolio of commercial properties, which had grown to include millions of square feet of stabilized buildings and development assets strategically located at key transit stations on Metro’s new Silver Line in the Dulles Corridor of Northern Virginia that have an estimated value at full build out of approximately $3 billion. Key assets included in the portfolio of managed assets, include; Reston Station, a 4.5 million square foot transit-oriented and mixed-use development covering nearly 40 acres surrounding the terminus station of Phase I of the Silver Line in Reston, Virginia, and Loudoun Station, a 2+ million square foot transit-oriented and mixed-use development located adjacent to the terminus station of Phase II of the Silver Line in Ashburn, Virginia. Mr. Clemente attended the University of Wisconsin and George Mason University where he studied Business and Psychology. Mr. Clemente and his wife, Tracy Schar, have been long-time supporters of numerous charitable organizations in the Washington, DC region that support international adoptions, foster care programs, and that provide educational, housing and other assistance to families and children in-need.

  Comstock

  CEO

  Chris Clemente

  CEO

  Comstock