Event Overview

The result of excessive leverage in commercial real estate is a consolidation in ownership: a dwindling pool of investors who stake claim to premier holdings around the nation, especially in the northeast. The majority of Boston Properties’ portfolio is now in Boston, New York and Washington, D.C. Vornado maintains significant holdings in New York and Washington. Additionally, lenders are under increasing pressure to extend loans that were issued during the high-leverage days. How much of the CMBS iceberg will meltdown in the next 3-5 years, and who will stake claim to the majority of premier, class-A office space in an economic recovery? Find out more at GreenPearl Events’ inaugural “NORTHEAST OFFICE SUMMIT: RECESSION, RECOVERY, RISING TENANTS.”

Make plans now to attend GreenPearl’s NORTHEAST OFFICE SUMMIT on June 10th in New York City to find out how today’s most active office building investors are approaching today’s distressed environment, the outlook for new construction and development, and learn about the economic sectors that will require new space the next 12-18 months.

Featured Speaker

George S. Hasenecz, SVP – Investments, Brandywine Realty Trust George S. Hasenecz is the Senior Vice President – Investments of Brandywine Realty Trust. He is responsible for the company’s portfolio management and investment activities. Mr. Hasenecz previously served as Brandywine’s Vice President of Investments and Director of Acquisitions from 2000 to 2006. Mr. Hasenecz worked at ProLogis as Vice President – Capital Deployment from 2006 to 2008 where he oversaw development and investments for the New Jersey and Pennsylvania regions. Prior to his previous tenure at Brandywine, Mr. Hasenecz served as Vice President – Acquisitions with Keystone Property Trust.

Agenda Topics

* When the much anticipated “tidal wave” of distressed buying opportunities arrives, what firms will stand to benefit, and why?

* Will the industry see more blockbuster distressed office deals, similar to the Hancock Tower sale in Boston?

* Rental Rates & Values: How has the recession and lack of debt capital impact rental rates and values?

* Non-Performing Lease & Impact on Cash Flow: How are landlords responding?

* REITs, Capital Deployment & Timing: When will the office REITS deploy capital?

* Value Add & Property Conversions: Should aggressive investors consider class B & C outside the CBD? And, could underperforming assets in retail and hospitality be converted to mixed-used, or, solely office space?

* Rising Tenants: The “Great Recession” has changed the landscape of the nation’s economy. Who are the new tenants that will drive the next growth cycle?

* Tenancy Perspective: Legal and tech firms are poised to see new growth– how will real estate benefit?

* Economic Forecast: Boston, New York, Philadelphia and D.C. have resisted broader macro-economic trends of rapidly-rising unemployment. Could this trend change, or is the northeast out of the woods?