8:00 - 9:00 a.m.
Registration
Members' Continental Breakfast
(Woodland A & B)

8:00 - 8:45 a.m.
Mentors meet with students, concurrent

9:00 - 9:10 a.m.
Welcoming Remarks:
(Woodland A & B)
Michael Fascitelli, President, Vornado Realty Trust and Chair, Zell/Lurie Real Estate Center

9:10 - 9:40 a.m.
"State of the Center"
Joseph Gyourko, Martin Bucksbaum Professor of Real Estate and Finance, The Wharton School, Director, Zell/Lurie Real Estate Center
Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center

9:40 - 10:50 a.m.
“Commodity and Oil Prices: What Do They Mean for Real Estate?”
(Woodland A & B)
Panel Session: How, if at all, does the energy and commodity cost spike affect real estate? Impact on construction costs? SR and LR effects on development-in terms of both costs and location; impact on the consumer and broader economy; energy/commodity expert to talk about what is happening and what is driving these costs.
Moderator: Peter Linneman, Sussmann Professor of Real Estate and Finance, The Wharton School
Panelists:
Cynthia Cohen, Founder and President, Strategic Mindshare
David P. O'Connor, President, High Rise Capital Management LP
Colin Parkes, Senior Vice President, Director of Technical Services, Bovis Lend Lease
Robert Raymond, Principal, RR Advisors

10:50 - 11:10 a.m.
BREAK

11:10 a.m. - 12:10 p.m.
Farash Distinguished Lecture
(Woodland A & B)
Farash Lecturer: Kenneth S. Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University
Title: "Financial Crises and Bailouts: An International Historical Perspective"

12:10 - 1:25 p.m.
LUNCH
(The Inn at Penn, Regent–St. Marks)

1:25 - 2:20 p.m.
“Challenges and Opportunities in the Problem Sectors in Real Estate: Where Do We Go from Here?”
(Woodland A & B)
Panel Session: How are we going to deal with the biggest problems in real estate; housing; Florida, California, Arizona, Nevada.
Moderator: Asuka Nakahara, Associate Director, Zell/Lurie Real Estate Center
Panelists:
Cia Buckley, Partner, Dune Capital Management LP
Jeffrey M. Gault, Chief Executive Officer, LandCap Partners
Stephen G. Haggerty, President, Global Hyatt Corp.
Ara K. Hovnanian, President, Hovnanian Enterprises, Inc.

2:20 - 2:40 p.m.
BREAK

2:40 - 3:40 p.m.
“Where Will the Capital Come From?”
(Woodland A & B)
Panel Session: Are the debt markets dead? Who is supplying capital? At what price? Debt vs. equity?
Moderator: Joe Gyourko, Martin Bucksbaum Professor of Real Estate and Finance, The Wharton School, Director, Zell/Lurie Real Estate Center
Panelists:
Spencer Haber, Chief Executive Officer, H/2 Capital Partners LLC
Jeffrey S. Quicksilver, Principal, Walton Street Capital, LLC
Ron Sturzenegger, Group Head, Banc of America Securities, LLC

3:40 p.m.
Closing Comments
Michael Fascitelli, President, Vornado Realty Trust and Chair, Zell/Lurie Real Estate Center