• The evolution of real estate capital markets including the growth of REITS over the past decade
• Consolidation across service providers and the shift to bringing in more services “in-house”
• The increase in private high net worth and family office capital entering the market and the impact from an increased number of market participants
• How institutional and retail investors’ allocations to real estate have increased and why they are targeting this sector
• Whether institutional investors are under investing and if there is a supply and demand factor to consider
• Current market environment conditions including the current state of the economy and COVID’s impact on real estate investment activity
• The impact of the new administration and political environment on real estate capital markets
  
   

Moderator: Danny Kaufman - Senior Managing Director and Co-Head of the Chicago office, JLL Capital Markets, Americas

Fee*:  
Members - FREE  
Nonmembers - $20
(member pricing underwritten by CFA Society Chicago)



*Limited Sponsorships available. Please contact Kim Augustyn at sponsorship@cfachicago.org.

CFA Institute Qualified Activity: Eligible for 1 credit hour

Registration: Online  
Zoom login information will be provided in the reminder email closer to the event. Registration closes at 5:00 PM on February 17, 2021.

Did you miss the previous CFA Society Chicago’s Capital Markets Series events covering public allocations and private markets? You can watch the replay on the Society's website or YouTube channel, or read the recaps on the CFA Society Chicago Blog!

Agenda: 
4:00 PM - 5:00 PM CST: Program 
Please log in a few minutes early to test your video and internet connections.

*Distribution of presentation slides is at the discretion of the speaker and may not be available for this event

Speakers:

Emi Adachi is a senior vice president and deputy director of North American Investment Research. She is an equity owner of the firm. Adachi researches property market, macroeconomic, and capital market trends to shape investment strategies and support private equity and debt activity. She has experience in all major property sectors, with extensive knowledge and expertise in the retail and industrial sectors. Adachi's responsibilities include identifying target markets, conducting market and property-level research for potential investments, and providing input on underwriting. She manages a team of research professionals and oversees ongoing support for Heitman's portfolio, including asset valuations, business plans, and hold/sell analyses. Additionally, Adachi analyzes demographic and technological trends and their impact on real estate investment strategy and portfolio construction. Adachi received a BA in Urban Studies from Stanford University. She is a member of the NAIOP Investment Management Forum, Lambda Alpha International Ely Chapter, and Stanford Professionals in Real Estate.


Brad Gries is the Americas co-CIO & head of U.S. Transactions for LaSalle. He joined the firm as head of U.S. Acquisitions in 2017 and became co-CIO for the Americas in 2020. Gries leads a team of 20 transactions professionals that are responsible for sourcing, underwriting and executing new investments as well as dispositions across North America. As co-CIO, he chairs the LaSalle Americas Investment Committee and helps formulate investment strategy for the firm. He also sits on the LaSalle Americas Advisory Board, advising on business strategy. Gries is an active participant in the firm’s capital raising efforts and is directly involved in the formation and execution of joint ventures and large portfolio transactions.

Prior to joining LaSalle, Gries held leadership positions over the course of a 16-year career with the real estate investment arm of DWS, most recently serving as managing director, real estate transactions. In this role, he led the acquisition team responsible for new investment initiatives in the Central and Southeast U.S., including investments in all property types and throughout the risk spectrum. Before DWS, Gries held analyst and consultant positions at MB Real Estate and Arthur Anderson. Gries earned a BA in Economics from the University of Illinois.

Michael J. Nigro serves as a managing director and head of Real Estate Value Add and Development for the Americas, DWS and is responsible for overseeing all value-add and development projects for the firm's Americas real estate business. He is a member of the Real Estate ExCo & Investment Committees. Prior to joining the firm in 2004, Nigro served as a senior manager at Mesirow Financial Real Estate, where he was responsible for large public-private partnership projects. He began his career as a project manager. 

Nigro holds a B.S. in civil engineering from University of Illinois at Urbana- Champaign, an M.B.A. in finance (with Distinction) from DePaul University and is a licensed professional engineer.

Moderator:

Danny Kaufman is a senior managing director and co-head of the Chicago office of JLL Capital Markets, Americas. He joins JLL as part of the HFF acquisition and has more than 20 years of commercial real estate experience. He specializes in all areas of commercial real estate finance with a focus on real estate investment banking and equity/debt placement.  He is also a securities representative with HFF Securities, the broker/deal affiliate of HFF.

During the course of his career, Kaufman has completed more than $15 billion in commercial real estate transactions. Noteworthy transactions include the joint venture equity and debt placement for the Wolf Point development in Chicago, Illinois; construction financing the redevelopment of Wrigley Field area; and the financing of numerous mixed-use properties, including the New City Project in Chicago. Prior to starting with HFF in 2004, Kaufman was with the John Buck Company. He earned his MBA from Vanderbilt University in 2003.

*Special Notes Regarding Fees
This event is complimentary for members only. Credit card required to guarantee all nonmember reservations. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Registration online is required and closes at 5:00 PM on February 17, 2021. Cancellations for refunds accepted until 5:00 PM, February 15, 2021.

Passport Program
Members of any CFA society may attend at the CFA Society Chicago member rate. Please call the CFA Society Chicago office at 312-251-1301 to register. If you are only a member of CFA Institute, you do not qualify for the Society member rate.

CFA Institute CE Qualified Activity:
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.