Alumni

2020 Booth RE Conference - More than a Day Late and Definitely More than a Dollar Short

Real Estate Alumni Group (REAG)

January 26, 2021: 1:00 PM - 2:00 PM

1 pm PST | 3 pm CST | 4 pm EST

A conversation with Green Street's Mike Kirby and Chicago Booth Professor Joe Pagliari, on the state of the US Commercial Real Estate Market.

Where

Online Webinar
Chicago, Illinois

Event Details

Join us for a unique in-depth discussion featuring Mike Kirby of Green Street (Co-Founder, Director of Research) as the keynote speaker and Professor Joe Pagliari, Clinical Professor of Real Estate lending his academic perspective. We are excited to welcome their years of experience, as influential minds and thought leaders in the industry. The conversation will cover the state of the commercial real estate, including the pandemic's disruption on the industry, specific commentary on both traditional and non-traditional property types in the public/private markets, geographic disparities in coastal vs. non-coastal regions, and key investment insights into a 3-5 year forward time horizon. The conference will also include a Q&A from the audience, so be sure to submit a question!

Cost

No Charge

Registration

Register Online

Zoom information will be shared after registration.

Deadline: 1/26/2021

Speaker Profiles

Mike Kirby (Speaker) '85
Co-Founder, Director of Research, Green Street Advisory
https://www.greenstreet.com/about/personnel/mike-kirby

Mike is the co–founder and Director of Research of Green Street, the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S. and Europe. He has headed the firm's research efforts since 1985, and has provided thought-leadership on important industry topics, including capital structure, corporate governance, performance measurement, valuation, and capitalized expenditures, that has helped shape the REIT market as we know it today. Green Street's public market research encompasses over 100 companies across North America and Europe. The firm's research on commercial property markets is supported by its unrivaled familiarity with the wealth of information available from the public market as well as its deep understanding of private market-level fundamentals. Mike has authored hundreds of influential reports on real estate-related issues, including company-specific reports on dozens of REITs throughout virtually every property sector. He is the architect of Green Street's highly successful commercial real estate and REIT valuation models.

Mike is a recipient of the Industry Achievement Award from the National Association of Real Estate Investment Trusts (Nareit), in recognition of contributions made to the REIT sector. He is also a winner of the James A. Graaskamp award for excellence in real estate research from the Pension Real Estate Association (PREA).

Mike serves in a leadership capacity for Nareit's Institutional Advisory Panel to the Board of Governors and plays an active role in Nareit's investor outreach initiatives. Mike is also a past board member of the Pension Real Estate Association. Mike has been featured on multiple occasions in Barron's "Interview" column and speaks frequently at real estate industry conferences (e.g., Nareit, PREA, International Council of Shopping Centers). He earned an MBA in Finance from the University of Chicago Booth School of Business and a B.S. in Finance from Arizona State University.

Joe Pagliari (Speaker)
Clinical Professor of Real Estate, Chicago Booth School of Business
https://www.chicagobooth.edu/faculty/directory/p/joseph-l-pagliari

Joseph L. Pagliari Jr., Ph.D., CFA and CPA focuses his research and teaching efforts – based on over 40 years of industry experience – on issues broadly surrounding institutional real estate investment, attempting to answer important questions from a rigorous theoretical and empirical perspective. These issues include:

  • the risk-adjusted performance of core and non-core funds,
  • principal/agent issues in incentive fees,
  • a comparison of REITs and private real estate,
  • real estate's pricing and return-generating process,
  • real estate's role in a mixed-asset portfolio,
  • analysis of high-yield (or mezzanine) financing,
  • the strategic uses of leverage, etc.

And, accordingly, he has authored (or co-authored) numerous papers on a variety of these topics. He has also co- authored several chapters in the Handbook of Real Estate Portfolio Management; of which, he is also the editor. He has presented these papers and thoughts on other topics at a variety of industry events (including ARES, AREUEA, NCREIF, NAREIM, PREA and ULI) as well as the Federal Reserve Bank of Atlanta and testimony before a subcommittee of the House of Representatives. His views on these and other topics have also been published in the popular press, including Barron's and The Wall Street Journal.

Pagliari is board member of the Real Estate Research Institute (RERI) and a former board member of the Real Estate Information Standards (REIS). He is also a member of numerous academic and professional associations including the American Real Estate Society (ARES), the American Real Estate and Urban Economics Association (AREUEA), the Homer Hoyt Institute (where he is a Hoyt Fellow), the National Association of Real Estate Trusts (NAREIT), the National Council of Real Estate Investment Fiduciaries (NCREIF), the Pension Real Estate Association (PREA) and the Urban Land Institute (ULI). Pagliari was also the 2015 winner of PREA's James A Graaskamp Award (which recognizes those who have, through significant research, contributed practical insights to the common body of knowledge).

Pagliari earned a bachelor's degree in finance from the University of Illinois-Urbana in 1979. He earned an MBA from DePaul University-Chicago in 1982 and a PhD in finance from the University of Illinois-Urbana in 2002.

His interests include sports of most every kind - some of which he still plays.

Questions

Eteri Zaslavsky, '04