Agenda

• Mon, Nov 14, 2022
• Tue, Nov 15, 2022
• Wed, Nov 16, 2022

9:00 am - 2:00 pm at Crenshaw Cliffside

Golf tournament

(optional for early arrivers)

4:30 pm - 5:00 pm at Darrell Royal Ballroom

Orientation and new member welcome

(optional)

5:00 pm - 5:45 pm at Darrell Royal Ballroom

Member introductions

5:45 pm - 7:00 pm at Darrell Royal Ballroom

Fireside chat with Texas Investors and networking reception Amy Cureton (Director, Private Real Estate), Matt Saverin (Director), Jennifer Wenzel (Director), Scott Stuckman (Executive Managing Director)

7:00 pm - 8:30 pm at Wildflower Atrium

Adjourn and welcome cocktail reception with heavy hors d‘oeuvres

7:30 am - 8:30 am at Wildflower Atrium

Networking breakfast

8:30 am - 9:00 am at Darrell Royal Ballroom

Welcome and overview David “Mac” McWhorter (Managing Director, iREOC & Capital Markets Consulting), Tom Parker (Executive Vice President & Publisher), Jim Valente (Global Head of Data Services)

9:00 am - 10:00 am at Darrell Royal Ballroom

Macroeconomic trends: Reshaping REOC partnership opportunities and risks Jim Costello (Chief Economist, Real Assets), Gloria Gil (Partner, ESG Officer), Mark G. Roberts (Director of Research)

- What are the current and future drivers of growth, inflation, interest rates?
- How might denominator effect impact real estate and REOC partnerships in the future?
- How are global macro trends in energy, materials, labor and supply-chain challenges affecting demand, valuations and liquidity?
- Open-forum audience Q&A to follow panel discussion

10:00 am - 10:45 am at Darrell Royal Ballroom

Trends in valuations, transactions and returns Jim Valente (Global Head of Data Services), Dean Adler (CEO & Co-Founder), Philip Barker (CEO & Managing Partner), Steve Klett (Director), Richard McLemore, CFA, CRE, CCIM (Head of Risk, Research & Analytics)

Inflation is at multi-decade highs and long-term interest rates at the highest level in recent memory. Real estate markets are adjusting rapidly as changes in underwriting assumptions and return expectations across asset classes are impacting valuations, transaction activity and investor allocations to real estate.

In this session we will talk with experts across disciplines to get their perspectives on where the market it today, and what they see as opportunities & risks over the next 12-18 months.

10:45 am - 11:15 am at Wildflower Atrium

Break

11:15 am - 12:00 pm at Darrell Royal Ballroom

Roundtable discussion and group leader reports on trends in valuations, transactions and returns

12:00 pm - 1:00 pm at Wildflower Atrium

Lunch

2:00 pm - 2:45 pm at Darrell Royal Ballroom

State and future of REOC partnerships in face of economic headwinds (partnership formation side) John Kropke (Managing Director), Matthew Drummond (Senior Managing Director), Scott Nguyen (Chief Financial Officer), Brian Planey (Investment Officer)

- What are the unique challenges REOC partners (investors, managers, operators) are facing in terms of slowing economy, rising rates and inflation?
- How are changes in leverage and liquidity in both equity and debt affecting operators, and how are they navigating these and other related issues?
- What new opportunities is this environment creating, and what are the new risks?
- How can all REOC partners (investors, managers, operators) better support each other to help drive better returns, moving forward?
- What are the trends in longer-term-hold investment structures and terms for REOC partnerships (i.e., entity-level investments and REOC sponsored open-end funds)?

2:45 pm - 3:30 pm at Darrell Royal Ballroom

Optimizing capital resources in challenging times Sam Latone (President & CEO), Mike Maires (Senior Real Estate Portfolio Manager), Ben Maslan, CFA (Managing Director, RFA), Trey Stafford (Senior Vice President), Walt Templin (Head of Investment Management)

Examine various capital sources and discuss how to optimize accessing them in these challenging times.
Consider how the economic head winds, such as rising inflation, interest rates and slowing growth, are affecting capital allocations to operators, in terms of strategies, terms, structures and timing?
Discover how investors’ needs and demands are shifting in the short and intermediate term.
Gain new insights on where capital may be headed in the future, and why.

3:30 pm - 4:15 pm at Darrell Royal Ballroom

Optimizing capital resources roundtable discussions and group leader reports

4:15 pm - 4:30 pm

Wrap-up summary

4:30 pm - 4:30 pm

Adjourn

5:00 pm - 5:00 pm at Meet in hotel lobby

Depart for off-site activity and dinner

Meet in the hotel lobby. We will depart at 5pm sharp!

9:00 pm - 9:00 pm

Arrive back at hotel

7:30 am - 8:30 am at Wildflower Atrium

Breakfast

8:30 am - 8:45 am at Darrell Royal Ballroom

Welcome & Overview

8:45 am - 9:30 am at Darrell Royal Ballroom

State and future of REOC partnerships in face of economic headwinds (partnership-management side) Brandon Sedloff (Managing Director, Senior Vice President), Craig Blanchard (Managing Partner), Peter Braffman (Managing Director), Brendan MacDonald (Partner, Chief Operating Officer), David Haltiner (Partner)

- How to better understand each partner’s (investors, managers, operators) unique goals and objectives in context of economic headwinds
- Where does communication and transparency typically break down in a REOC partnership? Why?
- What are some strategies and approaches to help avoid, reduce or eliminate communication and transparency breakdowns?

9:30 am - 10:00 am at Darrell Royal Ballroom

Program advisory board wrap-up and closing remarks John Kropke (Managing Director), Sam Latone (President & CEO), Trey Stafford (Senior Vice President), Scott Stuckman (Executive Managing Director), Jennifer Wenzel (Director)

10:00 am - 10:15 am at Darrell Royal Ballroom

Closing remarks David “Mac” McWhorter (Managing Director, iREOC & Capital Markets Consulting), Tom Parker (Executive Vice President & Publisher), Jim Valente (Global Head of Data Services)

10:15 am - 10:15 am

Adjourn