Structural Issues Facing Real Estate Investment Trusts in Today's Markets (Part 3)

30/08/2012 1h 20min

Listen "Structural Issues Facing Real Estate Investment Trusts in Today's Markets (Part 3)"

Episode Synopsis

"The Department of Real Estate at Baruch College, CUNY, in conjunction with the National Association of Real Estate Investment Trusts® (NAREIT), hosts a major conference on critical issues facing real estate investment trusts (REITs) in today’s capital markets.

The purpose of the conference is to present the latest research on corporate governance, earnings management and asset diversification affecting REITS.

The conference engages major academic real estate researchers, Wall Street analysts and REIT industry executives, and concludes with a broad panel discussion on the impact of the credit crisis of 2007-09 on the REIT industry.

[Part I -- 80 min.]
Introduction:
Ko Wang Newman Chair in Real Estate Finance

Welcoming comments:
Dr. David Shulman, Department of Real Estate, Baruch College
Dr. William Newman, Chairman of the Board of the Newman Real Estate Institute
Kathleen Waldron, President, Baruch College
Dr. Brad Case, VP, Research & Industry Information, NAREIT

at 00:12:30

Program overview and welcome:
John Elliott, Dean, Zicklin School of Business

at 00:15:20

Panel 1: Stock Market Generated Information and REIT Earnings Management –Brent Ambrose and Xun Bian
Panel Chair: Dr. Brad Case
Paper Presenter: Professor Brent Ambrose, Jeffery L. and Cindy M. King Faculty Fellow and Professor
Analyst Discussant: Dr. Michael Giliberto, Managing Director, JP Morgan Chase
Industry Discussant: Mr. Douglas Linde, President, Boston Properties

at 01:11:45

Panel 2: How Does Corporate Governance Affect the Quality of Investor Information? The Curious Case of REITs - Paul Anglin, Robert Edelstein, Yanmin Gao, and Demond Tsang

Panel Chair: Su Han Chan, Professor of Real Estate

Paper Presenter: Professor Robert Edelstein, Co-Chair, Fisher Center for Real Estate and Urban Economics, University of California -Berkeley

[Part II -- 79 min.]

Panel 2 (cont.)
Analyst Discussant: Mr. Michael Torres, CEO, Adelante Capital Management
Industry Discussant: Mr. Kenneth Bernstein, President & CEO, Acadia Realty Trust

at 00:44:00

Panel 3: Diversification, Corporate Governance and Firm Performance in Real Estate Investment Trusts - Jay Hartzell, Libo Sun, and Sheridan Titman

Panel Chair: Professor John Goering, Department of Real Estate, Baruch College

Paper Presenter: Professor Sheridan Titman, Walter W. McAllister Centennial Chair in Financial Services, University of Texas at Austin

[Part III -- 80 min.]
Panel 3 (cont.)

Analyst Discussant: Mr. Jonathan Litt, Managing Principal, Land & Buildings Investment Management

Industry Discussant: Mr. Michael Fascitelli, President, Vornado Realty Trust

at 00:22:00

Plenary Panel Discussion and Audience Questions

Panel Chair: Dr. David Shulman, Department of Real Estate, Baruch College

at 01:18:09

Closing Remarks: Award for Best Papers: Ko Wang Newman Chair in Real Estate Finance"

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