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Global Experts Address Commercial Real Estate Trends

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As part of its annual Luminaries Series, the Real Estate Finance Initiative at Georgetown University’s McDonough School of Business and the National Association of Real Estate Investment Trusts (NAREIT) will host a discussion on real estate capital markets on Wednesday April 23. [REGISTER]

The event features Barry Sternlicht, founder and CEO of Starwood Capital Group, and begins at 5 p.m. in the Rafik B. Hariri Building Lohrfink Auditorium. Sternlicht, who formed the private investment firm in 1991, has structured investments with an asset value of approximately $47 billion. For the past 23 years, Starwood Capital’s funds have invested in nearly 70,000 multifamily/condo units, 2,200 hotels, 44 million square feet of office properties, 39 million square feet of retail and 46,000 lots of land in residential subdivisions.

Aligned with the initiative’s applied learning curriculum, the Luminaries Event provides current students and industry professionals with access to global leaders in real estate. This year’s event will address trends in commercial real estate in the United States and around the world.

“Our goal at Georgetown McDonough is to provide students with industry-grade training that is competitive in the global real estate job market,” said Matthew Cypher, director of the Real Estate Finance Initiative and professor of the practice. “The Luminaries Event is the culmination of our academic year – offering leading expertise from the industry’s top talent.”

To achieve this goal, the initiative offers a highly applied educational agenda that employs the Washington, D.C., real estate market and Georgetown University’s reputation as a global institution. Founded on a student-centric approach, the initiative capitalizes on relationships in the private sector from around the world to engage students in practical, real world experience and tailors coursework to teach the realities of global capital flows and investment. The Georgetown network, alumni mentors, and faculty members work with students to ensure they are prepared for employment following graduation.

Sternlicht’s interview will be facilitated by Michael Kirby, co-founder, chairman, and director of research for Green Street Advisors, and Steven Wechsler, president and CEO of the National Association of Real Estate Investment Trusts (NAREIT). A panel discussion on return outside the United States will precede the interview.

Panelists include:

  • Sonny Kalsi, founder and partner, GreenOak Capital
  • Ronald Kravit, head of real estate investing, senior managing director, Cerberus Capital Management
  • Adam Metz, managing director and head of international real estate, The Carlyle Group

“After more than 40 years in real estate, I have witnessed the value of a quality education in real estate for industry practitioners,” said Robert Steers, CEO of Cohen & Steers, Inc. and chair of the Georgetown McDonough Board of Advisors. “As a graduate of McDonough, I strongly believe the applied learning curriculum, relationships with the private sector, and its location in Washington, D.C., provide students in the Real Estate Finance Initiative an opportunity to receive a uniquely crafted education in real estate.”