RECM Conference May 2020 Virtual Update
Mr. Bienstock is the Co-Managing Partner of Savanna. At Savanna, Mr. Bienstock has developed relationships with institutional lenders, third-party capital partners, and fund investors as well as identified acquisitions and structured transactions. Mr. Bienstock has worked on the acquisition, financing, redevelopment, restructuring and sale of over $5 billion of real estate throughout the United States. Mr. Bienstock sits on the Investment Committee and supervises the ongoing marketing and leasing of Savanna’s investments. Prior to joining Savanna in 1999, Mr. Bienstock worked at Capital Trust, Inc. in New York where he worked on a wide variety of real estate principal investment and advisory transactions, including the purchase of equity interests in various properties, the negotiation and structuring of mezzanine loans, single asset and portfolio sales, asset management, debt and equity private placements and REIT IPO advisory work. Prior to Capital Trust, Mr. Bienstock worked for Chemical Bank’s Real Estate Investment Banking Group. Mr. Bienstock received an MBA from the Columbia Business School, an MS in Real Estate Development from the Columbia School of Architecture and a BA from Harvard College where he graduated cum laude. Mr. Bienstock has served as an Assistant Adjunct Professor at Columbia University where he taught case studies in Real Estate Finance to graduate students in the Columbia Architecture School’s Real Estate Master’s Degree Program and at the Columbia Business School. Mr. Bienstock also serves on the Advisory Board of The Paul Milstein Center for Real Estate at The Columbia Business School, and on the Board of Trustees at The Brearley School, where his daughter attends school.
Columbia Business School CaseWorks Case Study, Bryant Park Tower
“Real Estate” in Selling Your Business: The Transition from Entrepreneur to Investorby Louis P. Crosier
Jacqueline Brady (Jackie) is an executive director at PGIM Real Estate and a member of the U.S. Business Development group. Based in New York, she is responsible for marketing PGIM Real Estate’s global products and providing client service to institutional investors and consultants, and will help PGIM Real Estate to broaden its client coverage of insurance companies and high net worth investors.
Jackie joins PGIM Real Estate with more than two decades of experience in the real estate debt capital markets, having served as a principal and portfolio manager at Canopy Investment Advisors and Capmark Investments, LP.
Most recently, Jackie was a senior leader at CenterSquare Investment Management where she was responsible for enhancing and developing CenterSquare’s relationships with institutional clients and consultants. Jackie currently Chairs the PREA Publications Committee.
Jackie has a bachelor’s degree in political science from Haverford College and serves on the Investment Committee of the Board of Managers of the College. She also has a master’s degree in international relations and international economics from the Johns Hopkins University.
Mr. Breslauer founded Patron Capital in 1999 and is the Managing Director of Patron Capital Advisers LLP (and held a similar position in its predecessor vehicles), the investment adviser to the Patron Capital Funds representing over €4 billion in capital (including Patron Capital Captive Fund, Funds I - VI). To date, Patron has undertaken more than 170 transactions across 80 investments or programs, involving over 65 million square feet of assets in 16 countries.
Mr. Breslauer began his career in 1988 at Lehman Brothers, where he worked originally in the Financial Institutions Group in partnership with the Mortgage Trading Group. In addition to various responsibilities related to corporate finance and capital markets, he was involved in and led many transactions in the United States distressed markets of the 1980s and 1990s. In 1993, while with Lehman Brothers, Mr. Breslauer moved to London to target distressed assets in Europe and to assist in the creation and leadership of the Principal Finance Group. In 1997, Mr. Breslauer left Lehman Brothers to create and manage an investment fund focusing on smaller European property opportunities as a bridge to the ultimate formation of Patron.
Mr. Breslauer is committed to giving back to society and makes significant positive efforts to improve the lives of others. He has established the Patron Charitable Initiatives to enable every element of both Patron’s and his own resources to be utilised for charitable good including acting as Chairman of the Prince’s Teaching Institute (Prince’s Trust), Trustee and lead supporter for the Royal Marines Charity, member of the Royal Navy and Royal Marines Charity Investment Committee, Advisory Committee Member for the Social Enterprise Initiative of Chicago Booth (University of Chicago), and with his wife, Senior Patron to many other charities.
He holds a Master of Business Administration (MBA) degree from the University of Chicago and a Bachelor of Science (BSc) degree from the New York University School of Business. Mr. Breslauer has resided in London for the past twenty-six years with his wife and four children (two at Columbia College) and is a citizen of the United States. He is a keen alpinist and skier.
Nancy Lashine is Managing Partner and Founder of Park Madison Partners, a boutique real asset private equity placement firm. Since its formation in 2006, Park Madison has raised over $14 billion in equity for investment strategies in the US, Europe, Asia, and Latin America. Park Madison is currently in the process of raising capital for several best-in-class managers in the US. Park Madison is headquartered in New York City and is a FINRA regulated broker dealer.
Ms. Lashine has over 30 years of real estate and investment marketing experience. Prior to forming Park Madison Partners, Ms. Lashine was a strategic consultant advising leading institutional real estate investment managers on product development and the implementation of institutional marketing initiatives. Clients included Lehman Brothers, Angelo Gordon, ING Clarion, Sentinel Real Estate and JER Partners.
Ms. Lashine was an early member of The O'Connor Group (1985-1995) and began her finance career at LF Rothschild, Unterberg and Towbin (1981-1985).
Ms. Lashine earned her MBA at Columbia University Graduate School of Business, and a BFA, cum laude, from Case Western Reserve in Dance Theatre. She serves on the Columbia MBA Real Estate Advisory Board, the Gibney Dance Center Board, and is a past board member of the Pension Real Estate Association. She is a member of ULI and WX (Executive Women in Real Estate). She holds the Series 7, 63, 24, 79 securities licenses.
John Ferguson, a partner in the firm’s Business Law Department, is the co-chair of its Real Estate Investment Funds Group. Mr. Ferguson represents a wide range of clients in forming private investment funds, partnerships, joint ventures and other transaction structures, and in acquisition, financing, restructuring and disposition transactions.
Mr. Ferguson’s experience in the private investment fund area includes real estate, infrastructure, debt and credit, asset-backed securities, private equity and hedge funds and funds-of-funds. His experience focuses on establishing commingled funds, clubs and investment programs, joint ventures and separate accounts, organizing fund sponsor and manager entities, and advising fund managers with respect to employee compensation structures. This work includes US and international securities offerings, tax and regulatory-related structuring, and investment manager M&A transactions.
Mr. Ferguson’s experience within the real estate industry is extensive and multi-faceted, and includes for example the representation of: a global wealth management firm in the structuring and implementation of a several billion dollar domestic and international real estate investment program; financial and operating parties in both the formation and unwinding of joint venture transactions; portfolio and single asset acquisitions, financings (equity and secured, unsecured, and mezzanine debt) and dispositions; a NYSE-listed upREIT in a going-private transaction and a related exchange offer to its operating partnership unitholders; and investment funds as borrowers under subscription-secured credit facilities.
Mr. Ferguson earned his J.D. from the Emory University School of Law, 1998 and his B.S. from Boston University.
Christopher Mayer’s research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Professor Mayer is also CEO of Longbridge Financial, an innovative reverse mortgage company focused on delivering responsible home equity products to older Americans to help finance retirement. Mayer serves as a research associate at the National Bureau of Economic Research, a director of the National Reverse Mortgage Lenders Association, and a member of the Academic Advisory Boards for Standard and Poor's and the Housing Policy Center at the Urban Institute.
Mayer is active in the media and advising policymakers, testifying six times before committees of the U.S. Senate and House of Representatives, writing a paper for the Financial Crisis Inquiry Commission, and authoring numerous op-ed articles in major publications. He previously served as senior vice dean at Columbia Business School and held positions at the Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He earned a BS in Math and Economics from the University of Rochester with highest honors and a PhD in Economics from MIT.
Mark Opper is a partner in the Business Law Department at Goodwin and a member of the firm’s nationally recognized Real Estate Industry group and REITs and Real Estate M&A practice. He also participates in the firm’s Capital Markets, Public M&A/Corporate Governance and Private Investment Funds practices.
Mr. Opper has extensive transactional experience advising public and private companies in mergers and acquisitions and securities offerings, including IPOs and follow-on and 144A offerings, with a particular focus on REITs and real estate operating companies. He also regularly advises public companies on corporate governance matters and private real estate investment funds in connection with the fund formation process and ongoing governance and management matters.
Mr. Opper earned his J.D. from the University of Pennsylvania, and his B.A. from Georgetown University.
David Sherman is senior advisor and chairman of the Investment Committee at Metropolitan, a real estate investment management company that he co-founded in 2002. Sherman has more than 30 years of real estate investment, finance and analytical experience. In 2000, Mr. Sherman founded D. Sherman & Company, Inc., an advisory firm focused on strategic issues and transactions in the real estate securities industry.
Previously, Sherman was managing director of Salomon Smith Barney’s REIT research team, which covered more than 60 stocks and supported the firm’s $15 billion of REIT offering activity. At Smith Barney, Mr. Sherman created a new approach to evaluate global real estate securities and initiated global coverage of the sector. Sherman also held other positions in real estate finance, investment banking, and strategic planning at Smith Barney, The Harlan Company, First Boston, and Paine Webber, including acting as the Chief Financial Officer of Paine Webber Properties, a family of real estate funds with over $500 million in property investments.
For seven years, Sherman was an adjunct professor of Real Estate Finance at Columbia Business School. He is also the former chairman of the Pension Real Estate Association (PREA) Institute Committee. He received an A.B. in Mathematical Economics (magna cum laude) from Brown University and an M.B.A. in Finance from Columbia Business School.