8:00 AM – 8:30 AM: Registration & Networking Breakfast

8:30 AM – 9:00 AM : Opening Keynote

Speakers

Bonnie NEUMAN

Partner, Global Head of Real Estate Group

Sidley Austin LLP

Chad Tredway

 Managing Director, Global Head of Real Estate

J.P. Morgan Asset Management

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Chad Tredway

Managing Director, Global Head of Real Estate, J.P. Morgan Asset Management,

Chad Tredway, Managing Director, Global Head of Real Estate at J.P. Morgan Asset Management, leads the $80 billion global real estate investment platform that invests in real estate assets throughout the globe and across a range of equity and debt, core, mid-risk, and opportunistic strategies on behalf of institutional, sovereign, and high-net-worth investors.nnPreviously, Chad founded and led Trio Investment Group, a boutique real estate investment management firm specializing in institutional sale-leaseback strategies, now part of Real Estate Americas (REA). Prior to founding Trio in 2021, Chad was Managing Director and Head of J.P. Morgan’s Real Estate Banking business. In this role, he oversaw more than $20 billion in commercial real estate loan exposure and led a national team of 250 professionals. Furthermore, Chad held senior roles within Commercial Term Lending at J.P. Morgan, where he helped build the largest multifamily lending portfolio in the United States. In addition to being named to Commercial Observer’s u002250 Most Powerful People in Real Estateu0022 list, Chad has been named to Crain’s u002240 Under 40u0022 and Real Estate Forum’s u002250 Under 40u0022 lists. He is also a board member of the Pension Real Estate Association Foundation.nnChad holds a B.A. in Accounting and Finance from Loyola University Chicago.

MODERATOR

CATHY CUNNINGHAM

Executive Editor

Commercial Observer

9:00 AM – 9:35 AM: State of the Market: An In-depth Outlook & What to Expect in 2026 and Beyond

Real estate has had to weather years of market turbulence and unprecedented disruption. 2025 was primed to be a year of stabilization and growth, but looming market uncertainty has experts asking just how much more real estate can stand. Hear where the industry stands amid tariff effects, workouts, and market fluctuations, and what we can expect as we head into a new year.

Speakers

Kyle Jeffers

Chief Investment Officer

ACORE CAPITAL

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Kyle Jeffers

Chief Investment Officer, ACORE CAPITAL

Kyle Jeffers is Chief Investment Officer at ACORE CAPITAL, a member of ACOREu0026amp; investment committee, and oversees credit, underwriting and asset management.nnMr. Jeffers has over 25 years of experience in commercial real estate finance andcapital markets. Prior to joining ACORE, he was a Managing Director at Starwood Property Trust, Inc. (NYSE: STWD), a public mortgage REIT, managing west coast loan originations and responsible for over $5 Billion of first mortgage, mezzanine, and preferred equity investments.nnMr. Jeffers has over 25 years of experience in commercial real estate finance and capital markets. Prior to joining ACORE, he was a Managing Director at Starwood Property Trust, Inc. (NYSE: STWD), a public mortgage REIT, managing west coast loan originations and responsible for over $5 Billion of first mortgage, mezzanine, and preferred equity investments.nnMr. Jeffers has over 25 years of experience in commercial real estate finance and capital markets. Prior to joining ACORE, he was a Managing Director at Starwood Property Trust, Inc. (NYSE: STWD), a public mortgage REIT, managing west coast loan originations and responsible for over $5 Billion of first mortgage, mezzanine, and preferred equity investments.nnMr. Jeffers received a B.B.A. degree from the University of Texas at Austin, with a major in Accounting, and was a licensed CPA in the state of Texas for 8 years.n

Chris Lawton

Managing Director, Head of Originations

Nuveen Green Capital

KAREN RAMOS

Managing Director – Head of Distribution and Asset Rotation Americas

Crédit Agricole CIB 

Nick Scribani

Vice Chairman

Newmark

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Nick Scribani

Vice Chairman, Newmark

Nick Scribani is a Vice Chairman with Newmark’s Debt and Structured Finance Group in New York, where he has been responsible for the facilitation and execution of the team’s financing and capital placement transactions since 2017. He has fifteen years of real estate investment banking experience and has executed more than $80 billion of capital markets transactions across all asset types as an advisor with Newmark.nnPrior to joining Newmark, Scribani was a Vice President at Citigroup, where he spent five years originating and underwriting securitized and balance sheet loans. During his tenure at Citigroup, he successfully closed more than 150 transactions totaling $5 billion in loan proceeds.nnScribani began his career at GE Capital Real Estate, working in asset management. Part of his role at GE included managing the valuation teams in New York and Connecticut.

Yorick Starr

Managing Director & Investment Officer 

Invesco

MODERATOR

Jay Neveloff

Partner, Chair of Real Estate -US

HSF Kramer

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9:35 AM – 10:10 AM: Direct from the Financing Sources: Who’s Stepping Up Amid Market Volatility

With current market volatility, the CMBS market has come to a halt while balance sheet lenders are seeing emerging opportunities and transaction activity. Hear from the major financing sources as they share how they’re navigating headwinds brought on by pricing dislocation and borrower confidence, where they’re seeing stabilization, and strategies for unleashing capital in a rapidly changing landscape.

Speakers

David Friedman 

Chief Credit Officer and Head of Non-Agency Production & Syndications

Arbor Realty Trust

Andrew Huggett

Managing Director, Loan Syndications

First Citizens Bank

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Andrew Huggett

Managing Director, Loan Syndications, First Citizen Bank

Andrew Huggett is Managing Director in Loan Syndications at First Citizens Bank, where he structures and distributes commercial real estate financings for a national client base.nnBefore joining First Citizens (through its 2022 acquisition of CIT), he served as Director in Loan Syndications at CIT and earlier held senior roles at Capital One and Eurohypo AG, where he worked in loans syndications, underwriting, and credit risk management. He began his career in commercial real estate underwriting at Fleet Bank.nnAndrew serves on the national board of the Real Estate Lenders Association (“RELA”). He holds an MBA in Finance from NYU Stern, a Bachelor of Arts in Economics from Tufts University, and a Certificate in Real Estate from Boston University.

John Lippmann 

Head of U.S. Real Estate Capital Markets

Barings

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John Lippmann

Head of U.S. Real Estate Capital Markets,Barings

John Lippmann is a member of Barings Real Estate, a global real estate platform with extensive capabilities across both debt and equity strategies. John is Managing Director, Head of U.S. Real Estate Capital Markets, responsible for the strategy and execution of asset and fund leverage for U.S. debt and equity real estate portfolios and supporting various strategic growth initiatives. He has worked in the industry since 1998. Prior to joining Barings, John served as Head of Structured Debt and as a Portfolio Manager in the real estate group at NYL Investors. Prior to that, he worked in real estate restructuring for FTI Consulting and in originations and portfolio management at Eurohypo AG. He began his career in the Real Estate and Lodging Investment Banking group at JPMorganChase. John holds a BA degree from American University and an MBA from the Stern School of Business at New York University.

Shawn katz

President

Silverstein Capital Partners

Natalia Sosnina

 Head of Acquisitions 

 Terra Strategies 

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Natalia Sosnina

Head of Acquisitions, Terra Strategies

Natalia Sosnina is a structured finance expert with a specialty in distressed assets. Currently, Head of Acquisitions at Terra Strategies focusing on the acquisition of distressed debt and securities, Natalia previously held roles at rating agencies, assessing the issuance of new CMBS as well as NPL Acquisitions for PE fund.nn Natalia started in real estate following the GFC as an analyst representing distressed borrowers in the restructuring of their loans on commercial real estate properties. After immigrating to the United States in with no real estate connections, Natalia has attained a professional excellence as well as having amassed a real estate investment portfolio.nnShe holds an undergraduate degree in engineering from Moscow State University of Technology and Masters in Real Estate Investment and Finance from NYU.

Moderator

Michael Vines

Partner

Fried Frank

10:10 AM – 10:20 AM : Networking Break

10:20 AM – 10:50 AM : The Role & Impact of Non-Bank Lenders in the Market Today

Speakers

Michael LAVIPOUR

Senior Managing Director, Head of Lending

Affinius Capital

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Michael Lavipour

Senior Managing Director, Head of Lending, Affinius Capital

Michael Lavipour is responsible for overseeing Affinius Capital’s credit
initiatives and capital markets relationships, as well as sourcing, negotiating and structuring loan transactions across the firm’s investment strategies. Mr. Lavipour is also a member of the firm’s Investment Committee.

Prior to joining Affinius in 2013, Michael served as Vice President at Redwood Trust where he originated whole loan and mezzanine loans in the northeastern U.S. Prior to
joining Redwood Trust, Michael was a Vice President in the Real Estate Finance group at Credit Suisse where he worked in loan origination, asset management and capital markets.

Michael received his Bachelor of Arts degree in Economics from the University of Pennsylvania.

ROBERT ROTHschild

Managing Director

InterVest Capital Partners

MODERATOR

Christine O’Connell

Partner

King & Spalding

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Christine O'Connell

Partner, King u0026amp; Spalding

Christine O’Connell is a partner in King u0026amp; Spalding’s Real Estate and Funds practice. She represents major investment banks, private equity funds, and other institutional lenders in the origination, acquisition, disposition, and restructuring of both mortgage and mezzanine construction, bridge, balance sheet, and securitized loans and preferred equity investments in connection with the acquisition, development, redevelopment, and refinancing of various asset classes throughout the United States

10:50 AM – 11:25 AM : Recaps & Filling the Capital Stack

Building finance structures are being rewritten. The market has experienced a major uptick in recaps and the requirement of increased equity from owners in the capital stack. Join this timely discussion as panelists discuss why owner lenders are playing a bigger role in financing and lending today, if they’re seeing mezz or preferred equity providing gap financing and why, and how the market is adjusting to redo building finance structures and what that looks like.

Speakers

Morris Betesh

Founder and Managing Partner

Arrow Real Estate Advisors

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Morris Betesh

Founder and Managing Partner, Arrow Real Estate

Morris Betesh is the Founding Principal of Arrow Real Estate Advisors, where he leads a team of thirteen professionals. Mr.Betesh specializes in sourcing debt and equity for developers nationwide.nnPreviously, he joined Meridian Capital Group in May 2017, and prior to joining Meridian he served as a Director at Cushman u0026amp; Wakefield Capital Markets and a Director of Capital Services at Massey Knakal Realty Services. To date, Mr. Betesh has financednover 1,000 buildings across the United States and has closed well in excess of over $20 billion in transactions throughout his career.nnMr. Betesh lives in Midwood, Brooklyn with his wife and four children. They’re activemembers of the community, and in his free time he’s an active skier, surfer and drummer.

Brad Bitting

Managing Director

Post Brothers

Ethan Elser

Executive Vice President 

 PACE Equity

Daniella Marca

Executive Director | Real Estate Debt

BlackRock

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Daniella Marca

Executive Director | Real Estate Debt, BlackRock

Daniella Marca is an Executive Director within the Real Estate Debt team at BlackRock. Focused on originations, Ms. Marca is responsible for sourcing high yield debt opportunities on behalf of the group’s various funds and separate accounts.

Maxwell wu

Co-Founder & CEO

Fulcrum Lending Corporation

MODERATOR

Mark Fawer

Partner

Greenspoon Marder LLP

11:25 AM – 12:00 PM : Old vs. New: Showcasing the Most Coveted Lending Opportunities

There’s plenty of opportunity coming through the pipeline, from both the tried and true asset classes and emerging industries. From the rise of data centers, to renewed investor sentiment to office, and continued strength for residential/ multifamily, hear how key industries are expected to perform in the new year. Experts will discuss how tariffs are affecting the supply chain, which industries had a breakout or comeback year, and who is eyeing the long game with opportunities for market entry at a lower price point basis.

Speakers

Zachary Cohn

Managing Partner

Brookfield

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Zachary Cohn

Managing Partner, Brookfield

Zachary Cohn is a Managing Partner in Brookfield’s Real Estate Group. In this role, he leads capital markets activities throughout the North America and is a co-leader of the real estate credit business, focusing on tactical credit investments.nnPrior to joining Brookfield in 2016, he worked at Citi, where he was responsible for the underwriting, origination and structuring of commercial real estate debt investments.nnMr. Cohn holds a Bachelor of Business Administration degree from the University of Southern California.

Dan Cooperman

Head of Investments

Mavik Capital Management

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Dan Cooperman

Head of Investments, Mavik Capital Management

Dan Cooperman is the Head of Investments for Mavik and sits on the Investment Committee. Dan is responsible for overseeing the sourcing and execution of Mavik’s investments.nnPrior to joining Mavik, Dan managed the debt placement activities of The Greenwich Group International, a real estate investment banking firm based in New York. Prior to that, Dan was an Assistant Vice President in Chase Manhattan Bank’s Global Properties Group, where he worked on the bank’s real estate acquisitions and divestitures. Dan started his career in acquisitions and asset management at JGS, a Japanese conglomerate with global real estate holdings.nnDan received a BS in Finance from the University of Colorado at Boulder. Dan is a member of ULI.

Annemarie DiCola

CEO

Trepp, Inc

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Annemarie Dicola

CEO Director,

Annemarie G. DiCola, Esq., CEO of Trepp Inc., spearheads its business as the globalnleader in the CMBS industry, expanding its expertise and solutions into the broadernCRE Finance, Portfolio Lending, and Corporate Credit CLO sectors. Under her leadership, Trepp acquired CRE Finance data firms Foresight Analytics and InvestCap Advisors; content companies REITCafe and. Commercial Real Estate Direct; and CLO technology firms Codean and Cerulean.  Trepp repeatedly receives top billing as GlobalnCapital’s “CMBS Data Provider of the Year” and continues to work to expand CRE industry transparency with such initiatives as bank and insurance company datanconsortia for loan performance analysis.nnMs. DiCola is currently Co-Chair of the Advisory Board of the NYU Stern Chen Institute for Global Real Estate Finance, serves on the Advisory Board of the NYU FurmannCenter, and is a member of the President’s Council of the Real Estate Roundtable and the Partnership for New York City.nnShe served on the Board of Directors of Gerber Life Insurance Company, a subsidiary of Nestlé S.A., until its acquisition by Western and Southern Financial Group.  Other past service includes the Board of Directors of the NY Chapter of Commercial REnWomen (CREW), the Corporate Responsibility Committee of the Daily Mail and General Trust (DMGT), Trepp’s parent, and the Executive Committee of the CRE Finance Council (CREFC), the trade association for the approximate $4T CRE finance industry.nnActively involved in CREFC’s leadership since its inception, Ms. DiCola served as its first woman Chair from 2000-2001, received the Founder’s Award, and served a second term as Chair in 2018-2019.  She currently serves on the CREFC Board of Governors, is a member of the PAC Committee and has served on the Advisory Board of the Women’s Network. Trepp also partners with CREFC to track and report the CRE debt performance of life insurance companies.nnAn acknowledged voice in the CRE finance industry, she has been highlighted by SokolnMedia as a “Top Woman in Real Estate” and by Real Estate Forum Magazine as a “Woman of Influence.” She has been profiled by The New York Times, interviewed on CNBC, and lauded by the Women’s Venture Fund. Ms. DiCola was the Editor-in-Chief ofnthe inaugural CMBS E-Primer, the electronic publication of CREFC designed for trainingnin CMBS. She is a frequent speaker at industry events.nnMs. DiCola graduated from the Harvard Business School Advanced ManagementnProgram and holds a Juris Doctor degree from the New York University School of Law. She received her BA from Fordham University, where she maintained a Presidential Scholarship and graduated Phi Beta Kappa, summa cum laude in cursu honorum.

Jacob Weinstein

Executive Vice President Head of Real Estate & Healthcare

BHI

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Jacob Weinstein

SVP, Head of Real Estate and Healthcare Banking, BHI

JJ Weinstein has 20 years of experience as a commercial real estate focused banker. In his current role at BHI, JJ leads the Real Estate and Healthcare lending businesses at BHI, a division of Bank Hapoalimu002du002done of Israel’s largest banks. BHI is an extremely active construction and bridge lender, with offices in New York, New Jersey, Miami, and Los Angeles. JJ’s experience spans large banks (Wells Fargo), large regional banks (Mu0026amp;T Bank), and smaller regional banks (Customers Bank). JJ’s experience includes roles within highly specialized real estate banking teams, making highly structured and complex loans across real estate asset types. nnJJ received his Bachelor’s degree in Applied Economics and Management from Cornell University, and his Masters of Business Administration from the MIT Sloan School of Management.n

Keith Kurland

Senior Managing Director – Co-Head NYC Capital Markets

Walker & Dunlop

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Keith Kurland

Senior Managing Director – Co-Head NYC Capital Markets, Walker & Dunlop

Keith Kurland, Senior Managing Director, serves as co-head of the New York Capital Markets practice and is responsible for sourcing and structuring debt and equity financing for all commercial real estate asset classes across the country. Mr. Kurland joined Walker & Dunlop in January 2020, as a result of the AKS Capital Partners acquisition. Mr. Kurland has placed over $35 billion of debt and equity throughout his career and brings more than 12 years of commercial real estate experience.

As a Founding and Managing Partner at AKS Capital Partners, Mr. Kurland helped the firm become one of the highest producing capital markets advisory firms in the country, focusing on project-specific and portfolio-level debt and equity capital for real estate developers, institutional and entrepreneurial sponsors across all asset types nationally. Prior to founding AKS Capital Partners, Kurland served as Vice Chairman and Partner of JLL’s New York Debt and Equity Capital Markets practice. During his tenure, Mr. Kurland was named to Commercial Observer’s 2016 Top 25 Debt Brokers and Lenders under 35 and their 50 Most Powerful People in Commercial Real Estate Finance from 2016-2019.

Prior to his work at JLL, Kurland was a senior vice president at Meridian Capital Group and worked in CBRE’s Debt and Structured Finance group.

Mr. Kurland holds a bachelor’s degree in finance from the Leeds School Business at the University of Colorado Boulder.

MODERATOR

Joseph Lanzkron

Partner

Cleary Gottlieb Steen & Hamilton LLP

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Joseph Lanzkron

Partner, Cleary Gottlieb Steen u0026amp; Hamilton LLP

Joe Lanzkron’s practice focuses on real estate transactions. Joe has a broad range of experience representing lenders and borrowers in various real estate financings across multiple property types, including CMBS, balance sheet loans and loan on loan facilities. Joe also regularly advises high-profile clients, including investment banks, private equity funds, asset managers and sovereign wealth funds, on complex real estate acquisitions, dispositions, and joint ventures. His experience also includes significant restructurings and workouts, including through bankruptcy.nnJoe holds a B.S. from Touro College and a J.D. from Brooklyn Law School.

12:00 PM : Closing Remarks