Public to Private Real Estate Discussion to Feature Sam Zell, Robert Steers, and Steven Wechsler

September 24, 2010

Georgetown McDonough School of Business Event Also to Feature a Public/Private Real Estate Dynamic Panel, Sept. 29

Georgetown University’s McDonough School of Business will host a discussion about Public and Private Real Estate: State of the Industry featuring Sam Zell, chairman of Equity Group Investments; Robert Steers, co-chairman and co-chief executive officer of Cohen & Steers, Inc.; and Steven Wechsler, president and CEO of National Association of Real Estate Investment Trusts (NAREIT), as part of the Real Estate Luminary Series.

 The program also includes a panel about the Private/Public Real Estate Dynamic with:

  • Michael Fascitelli, president, CEO, and trustee, Vornado Realty Trust;
  • Thomas Flexner, global head of real estate, Citigroup;
  • Matthew Lustig, managing director, Lazard Freres & Co. LLC and Lazard Alternative Investments LLC, and CEO and managing principal, Lazard Real Estate Partners LLC;
  • Christopher Nassetta, president and CEO, Hilton Worldwide; and
  • R. Scot Sellers, CEO, Archstone.

Wednesday, Sept. 29, 2010, 4-6 p.m.

Georgetown University
McDonough School of Business
37th & O Streets, NW
Rafik B. Hariri Building
Lohrfink Auditorium
Washington, D.C.

The event is sold out, but media who are interested in covering it should contact Teresa Mannix, director of media relations, at (202) 687-4080 or

Sam Zell is chairman of Equity Group Investments LLC, the private, entrepreneurial investment firm he founded more than 40 years ago. Zell’s investments span industries and continents, and include interests in real estate, energy, logistics, transportation, media, and health care. He is recognized as a founding father of today’s public real estate industry after creating three of the largest real estate investment trusts (REITs) in history. He also is co-founder and chairman of Equity International, a private investment firm focused on real estate-related companies outside of the United States. Zell maintains substantial interests in, and is the chairman of, five public companies listed on the New York Stock Exchange: Equity Residential, Equity LifeStyle Properties, Capital Trust, Covanta Holding Corp., and Anixter. Zell also is the chairman of Tribune Company, a private media company. Previously, Zell served as chairman for Equity Office Properties Trust, which was sold in 2007 to The Blackstone Group for $39 billion in the largest private equity transaction in history at the time.

Robert Steers is co-chairman and co-chief executive officer of Cohen & Steers, Inc., a New York Stock Exchange listed company. Established in 1986, the firm is a leading global investment manager specializing in real estate investment securities, listed infrastructure, large cap value and preferred-stock portfolios. It also offers alternative investment strategies such as hedged real estate securities portfolios and private real estate multimanager strategies. From 1984 to 1986, Steers was a senior vice president and chief investment officer of National Securities and Research Corporation, where he chaired both the Investment Policy and the Stock Selection Committees. In 1985, while at National Securities, he organized and launched the nation’s first real estate securities mutual fund. From 1977 to 1982, Steers served as a securities analyst and vice president/portfolio manager of Citibank’s Emerging Growth Stock Fund.

Steven A. Wechsler is president and chief executive officer of NAREIT, the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. He directs all NAREIT programs and services. In this capacity, Wechsler is a leading advocate of the REIT approach to real estate investment. NAREIT’s members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. Previously, Wechsler was president and chief executive of the National Realty Committee, now known as The Real Estate Roundtable, which represents the nation’s leading real estate owners, advisers, builders, investors, lenders, and managers on national policy matters. Earlier, Wechsler practiced real estate law and served as counsel to a Washington, D.C., consulting firm.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 500 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit