2015-06-08
2015-06-08
No Name
No Address New York New York No Postalcode
June 8
New York, New York

NAREIT/AREUEA Real Estate Research Conference 2015

NAREIT / AREUEA Real Estate Research Conference

 

Research papers presented at the conference are avilable for download on our third-party research page.
 

Join NAREIT and the American Real Estate and Urban Economics Association (AREUEA) at the NAREIT/AREUEA Real Estate Research Conference on June 8 - the day before REITWeek opens - to hear results of leading REIT research.

NAREIT and AREUEA, publisher of Real Estate Economics, the premier academic journal for real estate investment related topics, will feature research papers focused on important real estate investment related topics including:

  • REIT Capital Structure
    • REIT use of debt and management of leverage risks leading into the downturn
    • Diversification benefits of REIT preferred and common stock
  • Real Estate Performance Attribution
    • Distribution of assets among metro areas by listed equity REITs and private real estate investors
    • Use of "alpha" to measure real estate performance in public and private markets
  • REIT Market Quality
    • Pricing efficiency and value arbitrage in listed REIT markets
    • Impact of high-frequency trading on listed REITs

This event is complimentary and registration is open to anyone interested in the latest research related to REITs. To attend the NAREIT/AREUEA Real Estate Research Conference, a separate registration form from REITWeek is required.

Registration for the NAREIT/AREUEA Real Estate Research Conference will open April 20th.

 

  • Registration

     

    The NAREIT/AREUEA Real Estate Research Conference Registration Form is now closed. You may register for the conference onsite at the New York Hilton Midtown during registration hours. Registration will be located in Mercury Ballroom on the third floor, and hours are as follows:

    • Monday, June 8th
      10:00 AM-5:00 PM

     

  • Questions

     

    Conference Programming
    Calvin Schnure
    VP, Research & Industry Information
    202-739-9434
    cschnure@nareit.com

    Conference Registration
    Megan Peichel
    Manager, Industry Affairs
    202-739-9439
    mpeichel@nareit.com

    Afia Boone
    Director, Membership & Meetings
    202-739-9433
    aboone@nareit.com

    Hotel Reservations
    Colette Harrington
    Housing Director, Staged Right Events
    954-404-8252
    colette@stagedrightevents.com

    Lacey Rimoli-Wiesel
    Housing Director, Staged Right Events
    954-404-8252
    lacey@stagedrightevents.com

  • Schedule

     

     

     

    Monday, June 8
    11:00 a.m. Conference Opens
    11:05 a.m. - 12:20 p.m. Research Session I:
    REIT Capital Structure and Implications for Investors
    • Presentation One: "REIT Financing Choices: Preparation Matters"

      Presenter:

      Andrey Pavlov, Professor-Finance, Beedie School of Business, Simon Fraser University
       
    • Presentation Two: "Diversification Benefits of REIT Preferred and Common Stock"

      Presenter:

      Walter Boudry, Assistant Professor-Real Estate, School of Hotel Administration, Cornell University
    Panel Discussion: REIT Capital Structure and Implications for Investors

    Moderator:
    Michael Grupe, EVP-Research & Investor Outreach, NAREIT

    Panelists:
    Thomas Bohjalian, SVP & Portfolio Manager, Cohen & Steers Capital Management
    Walter Boudry, Professor, New York University
    Lauralee Martin, President & CEO, HCP, Inc.
    Lawrence Raiman, CEO, LDR Capital Management
    Susan Wachter, Albert Sussman Professor of Real Estate, Professor of Finance, The Wharton School, University of Pennsylvania
    12:30 p.m. - 2:00 p.m. Luncheon Session:

    Presentation of "Distinguished Research Prize"

    Speaker:
    R. Glenn Hubbard, Dean and Professor-Finance & Economics, Columbia Business School
    2:15 p.m. - 3:30 p.m. Research Session II:
    Performance Attribution in Real Estate Investments
    • Presentation One: "MSA Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Market Returns"

      Presenter:

      Benjamin Scheick, Assistant Professor-Finance, Villanova University
       
    • Presentation Two: "The Misuse of Alpha in Private Equity Real Estate Investments"

      Presenter:

      James D. Shilling, Michael J. Horne Chair in Real Estate Studies, DePaul University
    Panel Discussion: Performance Attribution in Real Estate Investments

    Moderator:
    Meredith Despins, VP-Investment Affairs & Investor Education, NAREIT

    Panelists:
    Craig Leupold, President, Green Street Advisors
    Greg MacKinnon, Director-Research, Pension Real Estate Association
    Benjamin Scheick, Assistant Professor-Finance, Villanova University
    James Shilling, Michael J. Horne Chair in Real Estate Studies, DePaul University
    3:45 p.m. - 5:00 p.m. Research Session III:
    Market Quality and Implications for REIT Investors
    • Presentation One: "Cross-Sectional Dynamics of REIT Market Efficiency"

      Presenter:

      Robert Connolly, Associate Professor-Finance, Kenan-Flagler Business School, University of North Carolina-Chapel Hill
       
    • Presentation Two: "J-REIT Market Quality: Impact of High Frequency Trading and the Financial Crisis"

      Presenter:

      Pawan Jain, Assistant Professor-Finance, Central Michigan University College of Business Administration
    Panel Discussion: Market Quality and Implications for REIT Investors

    Moderator:
    Brad Case, SVP-Research & Industry Information, NAREIT

    Panelists:
    Robert Connolly, Associate Professor of Finance, Kenan-Flagler Business School, University of North Carolina-Chapel Hill
    Mary Hogan-Preusse, Managing Director & Co-Head-Americas Real Estate, APG Asset Management US Inc.
    Michael Hudgins, Managing Director, EII Capital Management
    Pawan Jain, Assistant Professor of Finance, Central Michigan University College of Business Administration
    Robert Manning, Head-Trading, Evercore ISI
    5:00 p.m. Program Concludes

     

  • Registration and Hotel Information

     

    Registration Fee
    This event is complimentary and open to anyone interested in the latest research related to REITs.

    New York Hilton Midtown
    1335 Avenue of the Americas
    New York, NY 10019
    Phone: 212-586-7000
    Website: www.newyorkhiltonhotel.com
    NOTE:This is the link to the New York Hilton Midtown website. This is NOT the link to reserve your hotel room at the NAREIT group rate. You must first register for the Real Estate Research Conference 2015 in order to book your hotel room. After your registration is confirmed, you will receive a confirmation e-mail that will contain the hotel reservation link

    NAREIT Room Rate
    $395.00 Guest Rooms (Single/Double Occupancy)

    Check-In: 3:00PM
    Check-Out: 12:00PM

    Hotel Reservation Policy
    In order to reserve a hotel room within the NAREIT negotiated group block, you must first register for the conference. Should you have questions regarding the hotel, contact Lacey Rimoli-Wiesel at lacey@stagedrightevents.com or Colette at colette@stagedrightevents.com. You can reach Staged Right Events offices by calling 954-404-8252. Please do not contact the hotel directly. Note: All room reservations will be charged a one-night, non-refundable deposit at the time of reservation request. Hotel reservations are due no later than Friday, May 15, 2015, to receive the group rate (pending availability).

    Hotel Cancellation Policy
    NAREIT requires a one night, non-refundable deposit paid to the hotel at the time of reservation. To cancel your entire hotel reservation, all requests must be received in writing to Lacey Rimoli-Wiesel at lacey@stagedrightevents.com or Colette at colette@stagedrightevents.com 72 hours prior to your arrival date. Please do not contact the hotel directly.

    NOTE: Hotel reservations at the group rate are subject to availability after Friday, May 15, 2015.

    Guest Room Amenities

    • High Speed Internet
    • Black Out Curtains
    • Two-line Speaker Phones, with Voicemail and Dataport Television with Premium Channels
    • Complimentary Weekday Delivery of USA Today
    • Work Desk with Lamp and Ergonomic Chair
    • Alarm Radio
    • 24-hour housekeeping

    Restaurants & Lounges

    Herb N’ Kitchen
    Serving breakfast buffet from 6:30am – 11:00am and takeaway coffee and light fare items from 6:00am – 1:00am
    Dress attire: Casual

    Minus5 Ice Bar and Lounge
    Dress attire: Casual

    Bridges Bar and Lounge
    Dress attire: Casual

    Fitness Center
    The Fitness Center is located on the 5th floor and features Lifecycles, Quinton, and Tredex Treadmills, Stairmaster, NordicTrack, a cybex UBE and Free Weights. 24 hour access is complimentary to hotel guests.

    Dry Cleaning, Laundry, Valet
    Dry cleaning, laundry, and valet services are available 7 days a week.

    Pets
    No pets are allowed. However, service animals are welcome and will be accommodated.

    Safe Deposit Boxes
    Most guest rooms are equipped with a combination safe. There are also safety deposit boxes located next to the front desk.

    Business Center
    The Business Center offers a complete range of technological, internet and business services 7 days a week.

    The Business Center hours are:
    Mon. - Fri., 7:00AM - 9:00PM
    Sat. - Sun., 7:00AM - 7:00PM

    For further information, call (212) 586-7000, ex. 5212.

     

  • Research Papers

     

    Paper 1:
    REIT Financing Choices: Preparation Matters
    Presented by Andrey Pavlov, Professor-Finance, Beedie School of Business, Simon Fraser University

    Paper 2:
    Diversification Benefits of REIT Preferred and Common Stock
    Presented by Walter Boudry, Assistant Professor-Real Estate, School of Hotel Administration, Cornell University

    Paper 3:
    MSA Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Market Returns
    Presented by Benjamin Scheick, Assistant Professor-Finance, Villanova University

    Paper 4:
    The Misuse of Alpha in Private Equity Real Estate Investments
    Presented by James Shilling, Michael J. Horne Chair in Real Estate Studies, DePaul University

    Paper 5:
    Cross-Sectional Dynamics of REIT Market Efficiency
    Presented by Robert Connolly, Associate Professor-Finance, Kenan-Flagler Business School, University of North Carolina-Chapel Hill

    Paper 6:
    J-REIT Market Quality: Impact of High Frequency Trading and the Financial Crisis
    Presented by Pawan Jain, Assistant Professor-Finance, Central Michigan University College of Business Administration