PERE Network
America Forum
2023
15 - 16 November 2023,
Convene at 117 West 46th Street New York
Connecting American capital to global real estate
The PERE Network’s 18th annual America Forum on November 15-16 will discover effective investment strategies for North American real estate markets in New York.
Discuss current trends with North American real estate’s most influential gathering of institutional investors, fund and asset managers, developers, and strategic partners:
- Position your current and future investments to meet increasing investor sustainability demands
- Navigate risks arising from an unprecedented inflationary and interest rate environment
- Learn how to manage distressed assets in struggling sectors
- And more …
Buy your PERE Network membership today and join us at the America Forum this November.
Getting 97 Done: Implementation and impacts
Rohit Aggarwala will discuss the implementation and the impact of several city policies, including Local Law 97, one of the boldest pieces of climate legislation in the world.
Join us to start strategizing on how you can cut your emissions by 40% in 2030 and by 100% by 2050 in New York City.
Rohit Aggarwala
Chief Climate Officer and Department of Environmental Protection Commissioner
New York City
Leading CalSTRS’ real estate business through unpredictable times
Julie will discuss capital allocations at the present time and the new commitments to real estate managers. She will also share her insight on the future of office, particularly through a sustainability and ESG lens.
Join us to discover how to better manage your assets and upgrade your allocation during an unprecedented inflationary and interest-rate environment.
Julie Donegan
Investment Director, Real Estate
CalSTRS
The power of the institutional ownership of operating companies
Dennis has been actively involved in the real estate industry for over 32 years working in the Americas, Asia and Europe. His experience includes real estate acquisitions, developments, M&A, equity and debt fundraising in both the public and private markets.
Join Dennis to discuss the power of the institutional ownership of operating companies and the benefits of “in-house” operating companies with regards to portfolio growth, talent retention and diversification of staff skillset.
Dennis Lopez
Chief Executive Officer
QuadReal Property Group
A “Real Estate Reckoning”
John will discuss the long-term investment outlook for commercial real estate, including commentary on a “tsunami” of real estate loans maturing through 2025 and the implications of bank pressures from rising interest rates and a looming recession.
Explore how various parts of the CRE capital spectrum are impacted by the rapidly changing landscape so you could maximize your growth.
John Murray
Managing Director, Global Private Real Estate
PIMCO
Accelerate your fundraising
Reconnect with American investors allocating across a wide spectrum of real estate strategies through the networking-focused program.
Expand your investor network
Meet investors allocating to North American real estate and understand their preferences for allocations.
Better connections
Connect with North American investors year-round through pre-event meetings and post-Forum conversations with PERE Network membership. Access 1,000+ global investors and managers, monthly insights, and online meetings with industry leaders.
2023 speakers
Apply for complimentary access to the PERE Network to be able to attend the America Forum this November 15-16.
Apply for complimentary access
A limited number of complimentary passes are available for allocators and institutional investors to join the event.
Complimentary investor passes are limited to foundations, endowments, trusts, insurance companies, single family offices, sovereign wealth funds and pension funds who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.
Apply for access and a member of our team will follow up with you to secure your pass.
View the key conversation topics
Download the agenda to see the trends shaping North American investors’ allocation strategies and markets across the region. These topics will shape the discussions at the PERE America Forum 2023.
Have a topic that you would like to discuss on the agenda? Contact Ben Moss today.
View agenda page
Agenda
Day 1 - Wednesday 15th
Event Opening
08:00 - 09:00
Registration & networking
08:15 - 09:00
LP-investor-only breakfast: 2024 Outlook
At the end of 2023, we are taking the opportunity to bring leading North American and international investors together in a private meeting to discuss where the global real estate markets are headed in 2024.
Join this exclusive, off-the-record opportunity to speak with fellow investors who are actively invested across the real estate industry to benchmark against peers, network, and understand how capital allocation behaviour might develop over the coming 12 months.
- Invited attendees, including private and institutional investors can enjoy breakfast with their peers
- Look ahead and discuss potential macroeconomic scenarios for 2024 in an off-the-record meeting
- Focused discussion group session facilitated by experts
08:15 - 09:00
PERE Lenders’ Workshop
Join this exclusive, off-the-record opportunity to speak with lenders actively invested across the risk spectrum to understand lending and refinancing requirements for existing and new clients over the coming months.
- Is the time finally right for alternative debt funds or will traditional lenders resume lending activity?
- Learn from experts how pricing and margins are expected to develop over the next 12 months
- Understand the financing environment in this dynamic workshop with traditional and alternative lenders
09:00 - 09:15
Welcome from PERE and Chair
Jonathan Brasse,
Zoe Hughes
Plenary sessions
09:15 - 09:30
PIMCO’s John Murray presents: a “Real Estate Reckoning”
John Murray
Insights from a June 2023 report discussing the long-term investment outlook for commercial real estate, including commentary on a “tsunami” of real estate loans maturing through 2025 and the implications of bank pressures in the U.S. and Europe, rising interest rates and a looming recession. John will talk about the state of the market, including how various parts of the CRE capital spectrum are impacted by the rapidly changing landscape, before joining join a panel of his peers to reflect on the market dislocation.
John Murray, Managing Director, Global Private Real Estate, PIMCO
09:30 - 10:15
What’s on the other side of a $1.5 trillion wall of commercial real estate debt maturing through 2025?
Samantha Rowan,
Lee Levy,
John Murray,
Prashant Raj,
Varuth (Nu) Suwankosai
- What are the economic, political and regulatory issues impacting the commercial real estate debt market today?
- Are more equity investors looking at CRE debt as a strategy? Is this a long- or short-term play?
- How has the shift from banks to alternative lenders affected the lending landscape?
- Where does CRE debt sit in an institutional investor portfolio and how will that change as we enter the next cycle?
Moderator:
Samantha Rowan, Editor, Real Estate Capital USA
Speakers:
Lee Levy, Managing Director, Goldman Sachs
John Murray, Managing Director, Global Private Real Estate, PIMCO
Prashant Raj, Managing Director, U.S. Real Estate Debt, QuadReal
Varuth (Nu) Suwankosai, Head of Global Credit, Oxford Properties Group
10:15 - 11:00
Keynote panel: What next for global real estate investment?
Kelly Ryan,
David Levine ,
Saul Lubetski,
Elisabeth Troni
- How has the industry weathered the headwinds of high inflation, rising interest rates, and global recessions?
- Where is the capital coming from?
- What are the opportunities facing stakeholders in global real estate markets today?
Moderator:
Kelly Ryan, Partner, Kirkland & Ellis
Speakers:
David Levine, Co-Head of Americas Acquisitions, Blackstone Real Estate
Saul Lubetski, Vice Chairman, Harbor Group International
Elisabeth Troni, Fund Manager, CBRE Investment Management
