Accessing Debt Today

How are investors/lenders accessing debt today? What kind of debt? How have their allocations changed?

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  David Kadin

  David Kadin has 25 years of real estate experience with the last 18 years focused on the structured/high yield business where he completed over $2 billion in senior floating rate & mezzanine debt transactions. Currently, David is Head of Debt for the Western U.S at Nuveen Real Estate where he leads a team in the origination and closing of both fixed and floating rate loans. Since joining in May 2018, David has led the team in the origination and closing of over $2 billion of fixed and structured loans in the Western U.S. Prior to joining Nuveen Real Estate, David spent seven years as a Principal with Los Angeles based Ares Management where he sourced and closed transactions totaling $300 million for office, industrial, and multi-family properties in major Western U.S. markets including San Francisco, Silicon Valley, San Diego, Orange County, Los Angeles, and Phoenix. Before joining Ares Management in 2011, David was a Senior Director at Wrightwood Capital where he managed a team of originators and underwriters responsible for sourcing and closing value add senior debt and mezzanine/preferred equity investments on commercial properties in the Western U.S. At Wrightwood Capital, David directly sourced and closed thirty two loans totaling $600 million and was Wrightwood’s top producer in 2007 and 2008 including originating 12 loans totaling $225 million in 2007. Prior to joining Wrightwood Capital, David worked at Merrill Lynch Capital where he successfully co- originated, underwrote and closed over $200 million of commercial real estate structured loans including $100 million in condo conversions. David’s previous work experience included two years as an Acquisitions Manager at the Irvine Company as well a Director at FINOVA Realty Capital originating and closing CMBS, bridge, and mezzanine investments. David received his undergraduate degree in urban studies from the University of Pennsylvania and a Masters of Urban Planning and a Masters of Public Administration from the University of Southern California.

  Nuveen Real Estate

  Managing Director, Head of Western Region Debt

  David Kadin

  Managing Director, Head of Western Region Debt

  Nuveen Real Estate

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  Trent Brown

  Trent Brown is an Executive Director with PGIM Real Estate in Los Angeles. In this role, he is responsible for originating a broad range of commercial products, including general account, agency, and bridge/high yield real estate debt. Trent focuses on clients in Southern California, Arizona, Nevada, Utah, and Colorado. Prior to joining PGIM, Trent was a Director in Wells Fargo Bank's Real Estate Capital Markets group, originating CMBS and floating rate bank products. Prior to Wells, Trent was an Investment Officer/originator in John Hancock Life Insurance Company's commercial real estate finance group. Trent attended Pepperdine University in Malibu, California, where he graduated with honors with dual bachelor degrees in Economics and Business Administration. He also earned an MBA degree with concentrations in finance and real estate from the UCLA Anderson School of Management.

  PGIM Real Estate

  Executive Director

  Trent Brown

  Executive Director

  PGIM Real Estate

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  Cade Vander Broek

  Cade Vander Broek is a Managing Director at Money360. Mr. Vander Broek is responsible for investment origination of bridge loans for the West Coast. Prior to joining Money360, Mr. Vander Broek was a Director of Commercial Mortgage Loans at AEGON Asset Management. During his 22 years at AEGON AM, he was consistently a top loan originator within the commercial mortgage loan production group. He is experienced in originating fixed, floating, construction and CMBS loans. He regularly negotiated and structured complex mortgage loan transactions in accordance with internal and external client lending guidelines, with advice and consultation with legal counsel, environmental and engineering experts, along with various other third-party vendors. Mr. Vander Broek also helped develop and recommend new loan product offerings during his tenure with the company. Mr. Vander Broek proactively identified market opportunities and issued recommended risk mitigation in collaboration with servicing, special servicing and asset management. Mr. Vander Broek earned his Bachelor of Arts degree in Finance with a Real Estate emphasis and minored in Economics from the University of Northern Iowa Cedar Falls, Iowa where he graduated Cum Laude.

  Money360

  Managing Director, West Coast

  Cade Vander Broek

  Managing Director, West Coast

  Money360

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  Nikole Zoumberakis

  Ms. Zoumberakis is a shareholder at Buchalter and has been a transactional attorney for over 15 years. Her practice covers a wide range of corporate, partnership and general securities matters, with a focus on real estate and private equity funds. She counsels on a broad range of legal and compliance issues faced by sponsors, including fund structure, portfolio investments, co-investment structures, and internal governance and compliance. Ms. Zoumberakis earned her J.D. at NYU School of Law and received her B.A. at the University of California, Berkeley.

  Buchalter

  Shareholder

  Moderator

  Nikole Zoumberakis

  Shareholder

  Buchalter

Equity Dynamics

How Is Capital Entering the Market & How Do Dealmakers See It Playing Out?

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  David Pringle

  David Pringle is an Executive Director at Morgan Stanley in the Real Estate Investing team (MSREI) and is responsible for sourcing and executing investment opportunities primarily for the firm's US business, with a particular focus on the Western region. Previously, Mr. Pringle was a Director at GTIS Partners in New York. Prior to GTIS, he held roles within the Real Estate Principal Investment Area (REPIA) at Goldman Sachs and at Citigroup in the firm's Global Capital Markets division, both in London. Mr. Pringle received an M.B.A. from The Wharton School, University of Pennsylvania, and a B.A. in International Relations from Stanford University.

  Morgan Stanley

  Executive Director

  David Pringle

  Executive Director

  Morgan Stanley

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  Mike Hu

  Mike Hu has over 14 years of real estate and management consulting experience and currently leads the Capital Markets team in the US. He is currently based in the LA office (Gaw USA headquarters) and is responsible for capital formation, co-investments, investor relations and marketing. He joined Gaw in 2011 and was previously a member of Gaw Capital Partners’ acquisitions and investment team based in Hong Kong (the global headquarters), and formerly worked for Tishman Speyer as part of their Leadership Development Program. While at Tishman Speyer, he completed rotations in their London and New York offices, working in acquisitions, debt financing/restructuring, property and asset management, and design & construction. Prior to business school, Mike was a strategy and operations consultant for five years focused primarily on the real estate and energy industries. He has significant experience working in Asia, Europe, and the US. Mike is conversationally fluent in Mandarin Chinese. He received his Bachelor of Arts in Economics/International Area Studies with college and Latin honors from University of California, Los Angeles (UCLA), and a Master of Business Administration from London Business School.

  Gaw Capital Partners

  Managing Director, Capital Markets

  Mike Hu

  Managing Director, Capital Markets

  Gaw Capital Partners

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  Heather Turner

  Heather Turner is the CEO and co-founder of Tamarack Capital Partners, a privately held real estate investment firm that focuses on value-add hotel and resort investments. Prior to founding Tamarack, Ms. Turner was a partner at DiNapoli Capital Partners. Earlier in her career she worked with Maritz Wolff, Broadreach Capital Partners, The Walt Disney Company and the Japanese Ministry of Foreign Affairs. She is an active member of the AHLA Hotel Investment Roundtable and a past Chair of the Hotel Asset Managers Association. Heather received her BS from Florida State University and her MBA from the Harvard Business School.

  Tamarack Capital Partners

  CEO & Co-Founder

  Heather Turner

  CEO & Co-Founder

  Tamarack Capital Partners

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  Spencer Schlee

  Spencer Schlee, Senior Director, heads the Southwest region for Canyon’s opportunistic and value-add real estate platforms and is responsible for originating, structuring and executing both equity and debt investments.  Mr. Schlee joined Canyon’s acquisitions team in 2012 and has since worked on transactions investing over $1.0 billion of committed capital and totaling over $3.0 billion in total capitalization across various sectors including multifamily, hospitality, office, retail, senior housing and mixed-use.  Prior to joining Canyon, Mr. Schlee was an analyst at BlackRock in New York and is a graduate of the University of California, Los Angeles (B.A. Business Economics).  Mr. Schlee is also an Associate Board Member for the UCLA Department of Economics.

  Canyon Partners Real Estate

  Senior Director

  Spencer Schlee

  Senior Director

  Canyon Partners Real Estate

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  Keith Pollock

  Keith J. Pollock is a real estate partner in our Los Angeles office whose practice involves a broad range of commercial real estate transactions, with a particular focus on leasing, the acquisition and disposition of individual properties and portfolios, and borrower side real estate finance. Keith's clients include investment companies, pension funds, banks, real estate investment trusts and other owners and operators of real estate throughout the country. In connection with his leasing practice, Keith represents both landlords and tenants in office, retail, industrial, medical, shopping center and other mixed-use projects throughout California, Colorado, Arizona, New York and various other states. Prior to joining Allen Matkins, Keith practiced in New York as a real estate associate with Schulte, Roth & Zabel LLP and then Olshan Frome Wolosky LLP.

  Allen Matkins

  Partner

  Moderator

  Keith Pollock

  Partner

  Allen Matkins