The Massey Knakal Multifamily Summit was held on Wednesday, November 16, at the McGraw-Hill Conference Center in New York City. Over 700 participated in the day-long event that featured 14 sessions, over 60 speakers, 30 sponsors and exhibitors, who availed themselves of the valuable educational and networking opportunities that the conference presented.

1. Presented by GreenPearl Events
Massey Knakal
Multifamily Summit
November 16, 2011 McGraw-Hill Conference Center New York City

3. New Year, New Ideas,
New Year, New Ideas,
New Contacts…
New Contacts…
EXPAND YOUR BUSINESS IN 2011
EXPAND YOUR BUSINESS IN 2012
As GREENPEARL EVENTS continues totogrow and bring
As GREENPEARL EVENTS continues grow and bring
education and networking events to real estate professionals,
education and networking events to real estate professionals,
Dear colleagues and friends, we’d like to say thank you to all of our attendees, sponsors,
we’d like to say thank you to all of our attendees, sponsors,
and partners for making 2011 a year to remember. The combined
and partners for making 2010 a year to remember. The com-
bined successes have set the stage for moregrowth and more
successes have set the stage for more growth and more
It is my pleasure to welcome you to the 2nd Annual Massey opportunities in 2012.
opportunities in 2011.
Knakal Multifamily Summit.
HERE ARE SOME OF THE PROGRAMS
HERE ARE SOME OF THE PROGRAMS
Over 600 have gathered to learn about and discuss the YOU CAN LOOK FORWARD TO:
YOU CAN LOOK FORWARD TO:
acquisition, disposition, financing and management of NYC
CCIM REAL ESTATE FORECAST 2012
COMMERCIAL REAL THE BROOKLYN
area multifamily properties in today’s changing market. ESTATE SUMMIT:
New York City Bar Association REAL ESTATE SUMMIT
BEYOND DISTRESS
This summit will have a special emphasis on the political NEW YORK CITY
New York City – January 26th
environment, trends in rents and operations, as well as a MIDWEST June 16
Chicago – May 12
discussion of cap rates, financing and interest rates. REAL ESTATE WEEKLY'S
NEW YORK
WOMEN’S FORUM CMBS 2.0 -
New York City – September 22
We have assembled panels comprised of some of the McGraw Hill Conference Center REAL ESTATE
ASSET
finest in the industry, and we are delighted to have Bruce New York City – February 15th SECURITIZATION
IREM NYC ASSET
Beal, Executive Vice President, Related Companies and MANAGEMENT FORUM
Richard Mack, Chief Executive Officer, AREA Property
IREM ASSET MANAGEMENT SYMPOSIUM
SYMPOSIUM NEW YORK CITY
Partners as our morning and afternoon keynote speakers. McGraw Hill Conference
NEW YORK CITY Center October 27
MarchYork
New 24 City – March 21st
Working under the Massey Knakal Territory System™, we MULTIFAMILY SUMMIT
MASSEY KNAKAL
MASSEY KNAKAL CRE
recognize that the NYC multifamily market is one that is COMMERCIAL REAL CHICAGO
ESTATE
INVESTMENT SUMMIT
multifaceted. I hope we can learn from each other to INVESTMENT SUMMITSeptember 15
NEW YORK CITY
May 19 NEW YORK CITY
emerge from the economic crisis with an even stronger New York City Bar Association November 16
commercial real estate market. New York City – April 26th
MORE INFORMATION ABOUT GREENPEARL EVENTS
THE BROOKLYN REAL ESTATE SUMMIT
Very Truly Yours, Events are continuously added, so please check back to
St. Francis College
 www.greenpearlevents.com for updates and a full list of
Brooklyn – June 14th
programs. Early bird and group discounts are available.
Visit www.greenpearlevents.com for pricing and registration
REGISTER EARLY
deadlines. Register early and you can save up to $300 off
the cost of a single event. rates, you can save up to
With early bird and group
$300 off the cost of a single event.
Paul Massey SPONSORSHIP, CONTINUOUSLY ADDED
EVENTS ARE
SPEAKING AND EVENT INQUIRIES
Please visit www.greenpearl.com for
Chief Executive Officer, Founding Partner a full contact events@greenpearlevents.com or
Please list of programs, updates, and to register.
(646) 862-6136 x2.
Massey Knakal Realty Services SPONSORSHIP, SPEAKING AND EVENT INQUIRIES
NYC's #1 Building Sales Firm Please contact events@greenpearl.com or
(646) 862-6136.
Welcome to MASSEY KNAKEL MULTIFAMILY SUMMIT 2

4. INSURENT GUARANTY
INCREASES PROFITS...
AT NO COST TO THE OWNER!
1. Reduces vacancies
2. Closes leases that you wouldn’t have closed
3. Eliminates all rent loss
4. Drives additional creditworthy renters to your buildings
5. Closes leases faster
6. Removes all financial and credit risk on new tenants
7. Shortens lease-up period for new buildings
8. No change to your existing procedures
Accepted by over 1,100 buildings representing over 135,000 apartments, the Insurent Lease
Guaranty Program provides owners with a superior alternative for creditworthy renters
when a co-signer/guarantor, additional security or prepaid rent is required of the renter.
Whoever said there are no guarantees in life never called us.
For more info, visit www.insurent.com or call (646) 843-1712.
The Institutional Guarantor of Residential Leases

5. CORPO-WRIT MEDIA / 732.901.0617
With today’s energy prices, your boiler can’t afford
to be without the EnTech VR-500™ this heating season.
And with EnTech’s no-risk Energy Savings Guarantee, there’s never
been a better time to consider a VR-500 for every property in your portfolio.
Discover why EnTech’s industry-leading technology has been voted #1
by leading property owners,boiler technicians, and major energy suppliers.
Call today for a free on-site evaluation!
™
LIGHT YEARS AHEAD OF THE INDUSTRY
732.730.1595 | info@entechdigital.com | www.entechdigital.com

6. E PERTISE
Real Estate is about more than steel and glass. It’s
about a myriad of timely business decisions
essential to maximizing the return on your
properties. That’s why you need an accounting
firm with real expertise. For over 85 years Friedman
LLP has successfully guided our clients through
the financial complexities of the ever-changing
market, and helped them recognize and take
advantage of every opportunity along the way.
So when your real estate business needs
expertise, build a relationship with Friedman.
FRIEDMAN – THE NAME YOU SHOULD KNOW.®
NEW YORK | NEW JERSEY | LONG ISLAND | BEIJING
Fred Berk, CPA, Partner
Real Estate Group
Tel: 212-842-7000
fberk@friedmanllp.com
Steven Barranca, CPA, Principal
Tel: 212-842-7575
sbarranca@friedmanllp.com
© 2011 Friedman LLP. All rights reserved. An Independent Member Firm of DFK with Offices Worldwide

7. McGRAW-HILL
Conference Center
AGENDA AT A GLANCE
7:30AM - Registration and Breakfast in Exhibit Hall
8:00AM - Opening Remarks & NYC Multifamily Market Update ‫ܖ‬
8:30AM - Interview with Special Guest, Bruce Beal, Related Companies ‫ܖ‬
9:00AM - Affordable Housing: The Low Income Housing Market ‫ܖ‬
10:00AM - Networking Break and Refreshments in Exhibit Hall
10:30AM - CONCURRENT SESSION (choose one)
Multifamily Financing: Cap Rates vs. Interest Rates ‫ܖ‬
Innovations in Management: Generating Cash-Flow ‫ܖ‬
ROOM
ROOM
204
ROOM
205 ROOM ROOM
207
ROOM
208 209 Online Marketing to Renters ‫ܖ‬
206
11:30AM - CONCURRENT SESSION (choose one)
New Development Showdown: Rentals vs. Condos ‫ܖ‬
Albany and the City 2011:
Rent-Stabilization and the Politics of Real Estate ‫ܖ‬
FLOOR REGISTRATION AUDITORIUM
Multifamily Energy Management: Optimizing Benchmarking Data ‫ܖ‬
12:30PM - Networking Luncheon in Exhibit Hall
PLAN 1:00PM - Working Luncheon: Cash Management Secrets for Building Owners and Managers ‫ܖ‬
ESCALATORS
1:30PM - CONCURRENT SESSION (choose one)
EXHIBIT HALL
Owners Roundtable ‫ܖ‬
Transaction Financing Strategies: 1031 Exchanges ‫ܖ‬
2:45PM - Repositioning Multifamily Assets: Renovation, Redevelopment & Conversions ‫ܖ‬
3:45PM - Keynote Interview with AREA Property’s Richard Mack ‫ܖ‬
Second Floor 4:30PM - Networking Cocktail Reception in Exhibit Hall
sponsorship & exhibit
opportunities
Sponsorships and exhibits are excellent opportunities for your company to showcase its products
and services to high-level, targeted decision makers. It helps companies like yours achieve important
sales, marketing and branding objectives by setting aside a limited number of event sponsorships and
exhibit spaces - all of which are tailored to assist your organization in creating a platform to maximize
its exposure at the event.
UPCOMING 2012 GREENPEARL EVENTS
CCIM REAL ESTATE FORECAST 2012 REAL ESTATE WEEKLY'S WOMEN'S FORUM IREM ASSET MANAGEMENT SYMPOSIUM
NEW YORK CITY BAR ASSOCIATION MCGRAW HILL CONFERENCE CENTER MCGRAW HILL CONFERENCE CENTER
NEW YORK CITY NEW YORK CITY NEW YORK CITY
JANUARY 26TH FEBRUARY 15TH MARCH 21ST
MASSEY KNAKAL COMMERCIAL REAL ESTATE INVESTMENT SUMMIT THE BROOKLYN REAL ESTATE SUMMIT
NEW YORK CITY BAR ASSOCIATION ST. FRANCIS COLLEGE
NEW YORK CITY BROOKLYN
APRIL 26TH JUNE 14TH
For more information on sponsoring or exhibiting, please contact Abel Devis at 646-862-9391 or events@greenpearlevents.com.
Visit us on the web at www.greenpearl.com.

8. Thank You to Our Summit Sponsors
Massey Knakal is the New York metropolitan area's premier full service sales company, specializing in the
sale of investment and user properties. With over 100 employees, four offices and thorough coverage of
the five boroughs of New York City, Westchester County, Long Island and New Jersey, Massey Knakal Re-
alty Services dominates the New York metropolitan area's building sales marketplace. For over two
decades, Massey Knakal has focused exclusively on the New York metropolitan area, building strong rela-
tionships within the neighborhoods we represent and developing an extensive database of customers that includes all of the
major investors, institutions, agencies and individuals that are active in real estate in the area. Our dedication to neighborhood
knowledge and relationship building is a source of continuing pride and success for Massey Knakal, and through our Territory
SystemT, our agents have partnered with sellers throughout the city to close over 2,000 transactions, with an aggregate value of
approximately $10 billion since 2001. Massey Knakal handles many different property types, including commercial buildings,
apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, indus-
trial properties and development/conversion sites. Our agents are experienced in representing properties of all values, from
$500,000 properties to portfolios exceeding $100 million. To learn more about the people behind Massey Knakal, meet our Ex-
ecutive Team. To find the Agent that's right for you, browse our Neighborhood pages.
www.masseyknakal.com
Bargold Storage Systems custom builds and installs Consider Citibank's Financial Intermediaries Group.
your Tenant Storage System at No Cost To You! Firms that manage 'other peoples' money'--
We market your Storage System to building residents such as title insurance companies, investment
and give you 25% of the gross monthly rental money managers, commercial real estate companies--need bankers
income. We handle all administration services including: tenant rental agree- with specialized industry knowledge. Our dedicated group of financial
ments and monthly billing and collections. We maintain your storage system intermediary professionals use a consultative approach and their
including general upkeep and repairs done at no expense to you, and always particular expertise to provide their clients with customer-centric
provides professional and friendly customer service. It's a win-win situation. banking solutions.
www.bargoldstorage.net www.online.citibank.com
BRT Realty Trust is a publicly traded (NYSE: BRT) direct Belkin Burden Wenig & Goldman, LLP, established in 1989, is a
short-term commercial lender with over thirty five years of law firm concentrating on real estate issues, disputes and problem
experience originating first mortgage loans nationwide. solving. Our areas of practice include, but are not limited to, Land-
BRT is recognized as a national leader in creative short-term lord/Tenant Disputes, Leasing, Co-op and Condo Disputes, Com-
financing solutions throughout the commercial real estate industry. mercial Disputes, Co-op and Condo Conversions, Real Estate
We closed over $110MM in the first half of 2011. Our primary focus is Transactions/Financing, Mortgage Foreclosures, Land Use and Zoning, Admin-
on loans that need immediate financing where borrowers have the istrative Proceedings, and Bankruptcy and Creditors' Rights. Our clients include
opportunity to acquire commercial real estate, repurchase debt from a many of New York's most prominent owners, developers, sponsors, manage-
current lender, purchase third party performing or non-performing ment companies and lenders. We can be contacted at (212) 867-4466 or
notes, and refinance current debt. through our website at www.bbwg.com.
www.brtrealty.com www.bbwg.com
As the Nation's #1 multi-family lender, Chase strives to
Capital One is a diversified bank that offers a provide our commercial clients the best financing
broad array of financial products and services to solutions when purchasing or refinancing stabilized apartment buildings.
consumer, small businesses and commercial •Term financing from $500,000 to $10 million
clients. A Fortune 500 company, Capital One has one of the most widely •An array of fixed and adjustable rate loan programs
recognized brands in America and is one of the nation's top 10 largest banks •Competitive pricing and low fees
based on deposits. Most recently, Capital One has organized a group to lend •Streamlined and standardized documentation
to multifamily owners and investors, with a specific focus on the New York •Fast, efficient loan processing
tri-state market. To reach Capital One's multifamily lending group, contact •Excellent customer service provided by seasoned professionals
Christie Keel at (631) 531-2114. www.chase.com/online/commercial-bank/solutions-ctl-multifamily.htm
www.capitalone.com
Our Global Real Estate Group
For more than 180 years, Con Edison has been sup- consists of 56 lawyers across
plying the energy that powers New York. Con Edison— our network of offices, including 28 in New York. Dewey & LeBoeuf is one of a few
Commercial & Industrial
Energy Efficiency one of the nation’s largest investor-owned energy global firms to combine major real estate disciplines, including: construction and
companies, with approximately $13 billion in annual revenue, and $36 billion development, complex real estate negotiation and transaction structuring,
in assets—provides electric service in New York, and most of Westchester finance, tax and environmental. We have represented the owners of several
County. Con Edison also owns and operates the world’s largest district steam hundred shopping centers, office buildings, apartment complexes, hotels, resorts,
system, providing steam service in most of Manhattan. Con Edison is recreational, cultural, healthcare facilities, and industrial and manufacturing
committed to supporting New York State’s competitive energy market. facilities throughout the United States and abroad. Our diversified real estate
Through its PowerYourWay program, the company encourages customers experience enables the group to handle virtually any real estate-related matter,
to learn about other electric and natural gas companies — known as energy including the completion of properties having financial difficulties during
services companies (ESCOs) — and to compare the pricing options and construction, the unwinding of complex structured financing transactions
services that they offer. and the restructuring of properties with multiple levels of debt.
www.coned.com/energyefficiency www.deweyleboeuf.com
7 Thank You to Our Summit Sponsors and Partners

9. TOWN Residential is a Manhattan-based real estate services firm specializing in luxury sales, new de-
velopment marketing and rentals. TOWN's business philosophy is based on an unwavering commit-
ment to providing the most exceptional services and impactful resources to both our clients and our
representatives. This includes a focus on providing preeminent marketing, training and the most advanced technology programs
in the industry, as well as additional services which allow TOWN to operate as a fully-integrated real estate services firm.
www.townrealestate.com
For over thirteen years now, the EnTech corporation Friedman LLP has been serving the
has stood at the forefront of the electronic boiler accounting, tax and business consulting
control revolution. EnTech was founded by a team needs of public and private companies
of expert boiler technicians and veteran software developers, whose years since 1924. Our industry-focused practice features concentrated areas of
of experience and combined expertise in both fields have put them on the expertise and understanding of the economic environment. We have the
cutting edge of computerized control technology development. Most of all, ability to be innovative in our approach, act quickly in our decision-making and
our overriding commitment to our clients, well beyond the point of sale, has be flexible in our delivery of services. Our clients benefit from hands-on contact
made EnTech the #1 preferred choice among leading real estate holders with our partners, cutting-edge technical expertise and our understanding of
from across the entire spectrum. While insuring maximum efficiency the their industry and their business. Our clients have the advantage of working
Virtual Remote-500 increases tenant satisfaction by providing a uniform with a mid-size accounting firm that combines the staff and resources of a
interior temperature. Its precise digital technology provides accurate, large firm with a philosophy of personal responsibility for our clients. Please
up-to-the-minute readings and comprehensive historical data. also visit our practice and service areas to learn more about our firm.
www.entechboiler.com www.friedmanllp.com
Real estate lending has been Greystone Servicing Corporation, The Insurent Lease Guaranty Program was created to assist
Inc.'s ("GSC") core business for nearly two decades. From our landlords, condo/co-op owners, renters and brokers in closing
roots as a workout specialist for distressed FHA loans, we have residential leases. Its role as the "institutional Mommy and
continuously expanded our capabilities to become a full-service Daddy" allows thousands of leases to quickly and easily close
multifamily housing and healthcare facility lender. We work with to the benefit of all parties that otherwise would not have closed without Insurent.
both large and small clients, on transactions of all sizes and degrees of For owners, the benefits of Insurent include increasing cash flow and closing many
complexity. Our national team of professionals-including the largest group of more leases quickly for no cost and with no risk. Some of the types of leases that
FHA loan underwriters in the country-has built strong, collaborative Insurent helps to close include foreigners with no U.S. credit, foreign and domestic
relationships with Fannie Mae and the United States Department of Housing students, retirees, self-employed people, wealthy people who are out of the
and Urban Development (HUD), enabling us to move quickly to help clients workforce, and those with good credit but a little short on income.
capture investment opportunities and avoid costly missteps and delays. Please email cschoenau@insurent or call 646-843-1713 to learn more.
www.greystoneusa.com www.insurent.com
New York State Energy Research and Development Hudson Realty Capital LLC (Hudson) is a real estate
Authority (NYSERDA) is a public benefit corporation. fund manager with more than $2 billion of assets
NYSERDA’s aim is to help New York meet its energy currently under management. Since the formation
goals: reducing energy consumption, promoting the use of renewable energy of its initial two funds in 2003, the company has closed over $3 billion in
sources, and protecting the environment. NYSERDA administers the Multifamily transactions. Activities include originating, participating in, servicing,
Performance Program (MPP) to help owners and developers make their build- restructuring and/or acquiring high-yield, special situation debt and
ings more energy efficient and more comfortable! Visit our table at the Massey mezzanine loans. In addition, the company invests directly in real estate
Knakal Multifamily Summit to learn more about how you can save money and the acquisition of under-performing real estate assets and other
through retrofit and get the government to subsidize the work. real estate-related instruments.
www.getenergysmart.org/MultiFamilyHomes www.hudsonrealtycapital.com
Margolin, Winer & Evens LLP is one of the The brokerage formed by the merger of
largest accounting and business advisory The Developers Group and The Real Estate Group
firms in the Northeast. Since 1946, MWE has in 2009 is rebranding itself with a new name - MNS,
provided expert advice to a cross-section of which stands for 'marketing and sales.' MNS will
the real estate industry, including developers, open its second Manhattan office at 189 Eighth Avenue in Chelsea on June 1.
owners and operators of commercial, industrial, retail and residential The expansion will bring the three-office brokerage to a sales force of over
properties, as well as financial institutions and individual investors. Our 125 agents focusing on new developments, resale and rentals. The company's
expertise covers a wide range of applications from rental and mixed-use third office is located on Bedford Avenue in Williamsburg, Brooklyn.
facilities to cooperatives, condominiums, community developments, hospitality, MNS currently represents over $1 billion in exclusive listings comprising
recreational and special purpose facilities. MWE's leadership in providing over 1,000 apartment units in Manhattan, Brooklyn and Queens. The firm
services to the real estate industry is based on a conviction that we serve a is reporting remarkable sales activity at the city's two largest condominium
dual role as accountants and business and financial advisors. Our goal is communities - The Edge in Williamsburg and One Brooklyn Bridge Park in
to assist clients in structuring sound real estate transactions, as well as Brooklyn Heights. MNS is also instituting VOW, or Virtual Office Website,
developing effective tax and finance strategies that address their overall which will enable customers and agents to search all of the industry's
business and financial objectives. listings provided directly by REBNY.
www.mwellp.com www.mns.com
Thank You to Our Summit Summit Sponsors and Partners 8

10. Founded in 1991, Meridian Capital Group, Laundry rooms provide a valuable amenity to residents
LLC is one of the nation's largest commer- and steady revenue to property owners. SDi will install
cial real estate finance and advisory firms. rooms with one washer and dryer or dozens of machines,
Meridian has arranged more than $120 billion of commercial real estate debt, often at no cost to the property owner. Our Cyberserve system eliminates cash,
including more than 27,500 transactions in 42 states. The firm is headquar- improving security and reducing labor costs. Our award-winning laundry rooms
tered in New York with offices in New Jersey, Maryland, Illinois, Florida and Cali- are in thousands of buildings throughout the Metro area. Family owned and
fornia. Working with a broad array of capital providers, Meridian arranges operated since 1952, SDi boasts instant refunds, 24/7 service, and
financing for transactions ranging from $500,000 to more than $500 million timely payments to property managers to help keep budgets on track.
for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, stu- That’s why 95 percent of our business comes from referrals, and over
dent housing, self-storage and construction 90 percent of our customers renew their contracts.
properties.www.meridiancapital.com. www.sdilaundrysolutions.com
www.meridiancapital.com/
RealPage provides a platform of on-demand
With experience that spans a vast software solutions that integrates and streamlines
variety of deals and property types, the rental property management business functions.
lawyers inNixon Peabody's Real Estate Our solutions enable owners and managers of single-family and a wide variety
practice quickly comprehend client goals and work to meet them with speed, of multi-family rental property types, including conventional, affordable,
creativity, and efficiency. The firm has more than 100 attorneys with deep privatized military, student and senior housing, to manage their marketing,
experience in virtually all matters related to real estate acquisition, pricing, screening, leasing, accounting, purchasing and other property
development, and financing, so there is never a shortage of the know-how operations. Our solutions enable property owners and managers
needed to address issues, resolve them, and get the job done. We have full- to increase revenues and reduce operating costs through higher
service capabilities, so can assist clients with every detail at every stage of a occupancy, improved pricing methodologies, new sources of revenue
real estate transaction. Consider our practice a comprehensive resource for from ancillary services, improved collections and more integrated
counsel on: Development, Acquisitions, Financing, Investment management and centralized business processes. For more information,
and asset recovery, Permitting, Leasing, Dispositions and workouts. visit www.realpage.com.
www.nixonpeabody.com www.realpage.com
Reach rental tenants using multichannel marketing. Quality Conservation Services is an award-winning,
Whether your target audience uses laptops or PDAs, nationwide energy services company with core
reads blogs or Kindles, you must have the know how to competencies in weatherization, lighting and custom
deliver the right message at the right time. The professionals at Online energy retrofits serving the residential, commercial and in-
Marketing Groupknow the most effective ways to reach potential tenants at dustrial markets. As a residential and commercial energy efficiency contractor
work or play. We transform your sales & marketing goals into online strategies both independently and authorized by major utility companies across the
& tactics that work. Search Engine strategies, affiliate marketing, website country, QCS is the largest and most experienced provider of energy
development and online advertising campaigns. These are just a few of the services to the multi-family residential market. A national leader in
areas we can help you with. In a world where change is the only constant, you energy conservation programs, QCS' energy management professionals
need the guidance of professionals who understand how the online world with 25 years of experience have designed and implemented solutions
affects the offline. Online Marketing Group provides a complete suite of services for demand-side management energy reduction programs to various
to help clients make the most of online opportunities - wherever they are. business segments. In the tri-state area, QCS is employing its GreenSmart
www.onlinemarketinggrp.com Energy Reduction Program® for property owners and managers
of multi-unit buildings.
The Rent Stabilization Association of N.Y.C., Inc. (RSA) is the www.qcsenergy.net
largest real estate industry trade association in New York
representing 25,000 property owners/agents responsible for On the leading edge since 1978, US En-
approximately one million units of housing. RSA's members range from owners ergy's mission has been to help property
of one small building to large multi-family complexes, cooperatives & owners and managers conserve energy
condominiums. Our broad representation has allowed the RSA to develop a and reduce costs. Now, every property owner knows the world of energy use
powerful base for our lobbying programs and the resources to provide a wide has changed forever and the days of cheap energy are long gone. The watch-
assortment of products and services to our members. Our members rely on words today are "operating efficiency" and "conservation". Certainly, there are
the RSA to effectively manage their buildings and protect their property many energy conservation and money-saving products smart property owners
rights in the most challenging rental environment in the country. and managers should consider, but Energy Management Systems (EMS),
www.rsanyc.com integrated controls, fuel measurement and delivery verification,
and online monitoring are the essential "no-brainers." They go
REM Residential is one of New York’s preeminent real estate to the heart of a property's energy use - providing information,
management companies, with a focus on managing rental control and provable cost-saving results.
buildings for investors. At REM, we adhere to a set of core val- www.use-group.com
ues that form the cornerstone of our reputation: accountabil-
ity, integrity and an “old school” work ethic that commits us to delivering on WeiserMazars LLP, an independent U.S. member firm
every client obligation in a professional and timely fashion. Accountability is a of Mazars Group, meets the critical issues and
term that is all too often overlooked by our competitors in the industry. We competitive challenges facing global organizations,
firmly believe that we are accountable for the management of your asset. We owner managed businesses and high net worth
accomplish this accountability through various means of communication. We individuals. We provide innovative accounting, auditing, tax and financial
believe in providing our clients with comprehensive details, updates and status advisory services to a diverse range of clients in industries including:
reports. We are passionate about the buildings we manage and we are confi- real estate, financial services, manufacturing & distribution, media &
dent no company can match our attentiveness or the level of experience we communications, healthcare, and not-for-profit. Our organizational
bring to every facet of managing your building. We are known for our long term structure and access to professionals throughout the world facilitate
client relationships and our hands-on approach to building management. strong client relations and excellent service.
www.remny.com www.weisermazars.com
9 Thank You to Our Summit Sponsors and Partners

12. ONLINE GENIUS
Social, Search, Mobile, Remarketing, Listing Syndication, Dynamic phone numbers,
Analytics, Website Optimization. This is no time to go it alone.
Online Marketing Group (OMG) offers unequalled insight & services
for marketing real estate online. We are committed to
helping ownership generate leads. Lots of them, every day.
FREE LISTING SYNDICATION
Stop by our table and sign up for 2 months of free listing syndication.
We’ll put all your availabilities on over
30 WEBSITES FOR 2 MONTHS – FREE OF CHARGE.
Visit our table in the exhibit hall.
onlinemarketinggrp.com 212.532.0600 12 West 23rd Street New York, NY 10010

13. TUESDAY, NOVEMBER 15TH
Butterfield 8 • 5 East 38th Street • New York, NY 10016
5:00 - 7:00 PM
VIP Cocktail Reception (By Invitation Only)
A reception for sponsors, speakers and special guests hosted by Massey Knakal Realty Services
WEDNESDAY, NOVEMBER 16TH
McGraw-Hill Conference Center • 1221 Avenue of Americas • New York, NY 10020
7:30 AM
Registration & Networking Breakfast in Exhibit Hall
8:00 AM –
Opening Remarks & NYC Multifamily Market Update ‫ܖ‬
Auditorium
Robert Knakal, Chairman, MASSEY KNAKAL REALTY SERVICES
8:30 AM –
Interview with Special Guest, Bruce Beal, Related Companies ‫ܖ‬
Auditorium
One-on-one with:
Bruce Beal, Executive Vice President, RELATED COMPANIES
Robert Knakal, Chairman, MASSEY KNAKAL REALTY SERVICES
9:00 AM –
Affordable Housing: The Changing Fundamentals of the Low Income Housing Market ‫ܖ‬
Auditorium
Moderator: John Kelly, Partner, NIXON PEABODY
Sol Arker, Partner, THE ARKER COMPANIES
Steven Barranca, Principal, FRIEDMAN LLP
David Dishy, Executive Vice President – Acquisitions & Investment, L + M DEVELOPMENT PARTNERS
Shola Olatoye, Deputy Director – New York, ENTERPRISE COMMUNITY PARTNERS
Eugene Schneur, Co-Founder & Managing Director, OMNI NEW YORK LLC
Mathew Wambua, Commissioner, NYC DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT
Attendance at this year's
Massey Knakal Multifamily Summit
qualifies you for up to 7.5 hours of CE credits,
facilitated by REEDC. License number and
sign-in required.Visit their table in the exhibit
hall for more details.
www.reedc.com
Conference Agenda 12

14. R E D U C E YO U R B U I L D I N G ’ S E N E R G Y U S E .
YO
I M P R OV E YO U R B OT TO M L I N E .
Result h
R
Results have shown an average
lts show
h wn averag
ge
annual recurring energy savings of $650* p
annua
al energy saving
gs per unit
Level 1 En gy Audits
ner
Energy Re
eduction Needs An
nalysis
Water & S er Conservatio Measures
Sew on
Air Infiltra
ation Reduction Me
easures
Energy Effi
ficient Lighting Me
easures
Common A ea Lighting and C
Ar Controls Rebates
Energy Management System and Controls
ms
Benchmarking and Retrocom
r mmissioning
We have the SOLUTION.
We have the SOLUTION.
The weatherization measures of our GreenSmart Energy Reduction
GreenSmar t Energy Reduction
Program® save you money by reducing your building’s energy consumption -
Program
quickly and ef ficiently. Our quick payback period and immediate results help
improve your bottom line. Before you invest in costly large scale projects, take
the important first steps toward reducing your building’s energy use and costs.
Take the FIRST STEP to reducing your building’s energy use.
Take the FIRST STEP to reducing your building’s energy use.
CONTACT US TODAY FOR YOUR
COMPLIMENTARY CONSULTATION!
For more information, please visit us at:
www.qualityconservationservices.com/contact
or call 877.782.5661.
QCS is a Par
rticipating Contractor in Con Edison’s Multi-Family Energy Efficiency Program and a
y
*Results may vary based upon findings of the Energy Reduction Needs Analysis. Market Partn in Con Edison’s Commercial & Industrial Energ Efficiency Market Partner Program.
ner gy

15. 10:00 AM
Networking Break and Refreshments in Exhibit Hall
10:30 AM
Concurrent Sessions (Choose Track A, B or C)
Track A - Multifamily Financing: Track B - Innovations in Management:
Cap Rates vs. Interest Rates ‫ܖ‬ Lessons from the Front Line of Cash-Flow Generation ‫ܖ‬
Auditorium Room 209
Moderator: Garrett Thelander, Managing Director, MASSEY KNAKAL REALTY SERVICES Moderator: Stephen Palmese, Director of Sales, MASSEY KNAKAL REALTY SERVICES
Robert Akalski, Senior Vice President, CAPITAL ONE Robert Cohen, Managing Principal, R. A. COHEN & ASSOCIATES
Melissa Farrell, Principal, PRUDENTIAL COMMERCIAL MORTGAGE Andrew Hoffman, Chief Operating Officer, STONEHENGE PARTNERS
Spencer Garfield, Managing Director, HUDSON REALTY CAPITAL David Kuperberg, Founder & CEO, COOPER SQUARE REALTY
Jeff Gould, President and CEO, BRT REALTY TRUST Wayne Olson, Partner, MARGOLIN WINER & EVENS LLP
Hilary Provinse, Vice President – Multifamily Lending, FANNIE MAE David Unger, Chief Operating Officer, US ENERGY
Ron Wechsler, Managing Director, RAIT Matt Van Damm, Director of Operations, TOWN RESIDENTIAL
Richard Wolf, Senior Managing Director, GREYSTONE
Track C - Online Marketing to Renters: How to Use Web, Mobile, and Social Media to Better Market Your Building ‫ܖ‬
Room 205
Presenters: Don Tallerman, President, ONLINE MARKETING GROUP • Ilana Schwartz, Vice President, ONLINE MARKETING GROUP
Case Studies:
Alex Kafenbaum, Associate Director of Development, M&R MANAGEMENT
Michael Regan, Senior Leasing Director, VANTAGE PROPERTIES
Kirsten Risko, Marketing Manager, ROSE ASSOCIATES
About this workshop: Come learn how you and your leasing team can better market and lease up your vacant units while minimizing costs and brokers fees.
• Mobile Devices – How to be Smart “mobile”
• Brand Monitoring & Management – What comes up when you type your name into Google?
• Back from the dead. Print is making a comeback – how to use print to dovetail with your online efforts.
• Can social media really bring deals? How to make social media work for you.
11:30 AM
Concurrent Sessions (Choose Track A, B or C)
Track A - New Development Showdown: Track B - Albany and the City 2011:
Rentals vs. Condos ‫ܖ‬ Rent-Stabilization and the Politics of Real Estate ‫ܖ‬
Auditorium Room 209
Moderator: James Nelson, Partner, MASSEY KNAKAL REALTY SERVICES Moderator: Ron Lagnado, Partner, WEISERMAZARS
Harold Fetner, President & CEO, DURST FETNER RESIDENTIAL Sherwin Belkin, Partner, BELKIN BURDEN WENIG & GOLDMAN, LLP
James Hedden, Senior Managing Director, Development, ROSE ASSOCIATES David Hershey-Webb, Partner, HIMMELSTEIN, MCCONNELL,
Kenneth Horn, Founder & Principal, ALCHEMY PROPERTIES GRIBBEN, DONOGHUE & JOSEPH
Joe McMillan, Chief Executive Officer, DDG PARTNERS Robert Knakal, Chairman, MASSEY KNAKAL REALTY SERVICES
Reid Price, Managing Director – New Developments, TOWN RESIDENTIAL Daniel Margulies, Executive Director, ASSOCIATED BUILDERS
AND OWNERS OF GREATER NEW YORK
Joe Strasburg, President, RENT STABILIZATION ASSOCIATION
Track C - Multifamily Energy Management:
How to Use Benchmarking Data to Optimize Your Building’s Performance ‫ܖ‬
Room 205
Presenter: David Unger, Chief Operating Officer, US ENERGY
About this workshop: Now that you have gathered your energy use data and have submitted it to EPA's Portfolio Manager in compliance with Local Law 84,
how can you put this valuable information to use? This workshop will focus on how to interpret the results from benchmarking your buildings and how to use
this information to drive energy efficiency measures to improve performance and reduce cost. This session will focus on the following topics:
• What is an EUI (Energy Use Index), and how does my EUI compare to other buildings?
• How to evaluate the building based on tenancy and space use
• Who bears the cost of energy use and how can it be controlled (Tenant vs. Owner)?
• How to evaluate each area of use, and determine strategies for reducing consumption
• Short and long term measures that can be taken - Low Hanging Fruit vs. Longer term investments
Conference Agenda 14

16. O RE
REMAIN THE BEST
HE BES
RECR
RUIT THE BES
HE BEST
Massey Kn
assey Knakal is seeking the most
a
THE BEST TRAINING
Massey Knakal's sophis
al's
a sophisticated training programs and
THE BEST WORK ENVIRONMENT
erritory SystemTM
Our Te
NYC’S #1 BUIL DING SA L ES FIRM
NOW HIRING
www.
www.masseyknakal.com/careers
w.massey
.masseyknakal.com/careers

17. 12:30 PM
Concurrent Luncheons
Networking Lunch
Exhibit Hall
Working Lunch: Cash Management Secrets for Building Owners and Managers
Room 205 (Presentation begins promptly at 1pm)
Presenters: Bernadette Knight, Senior Vice President, CITIGROUP • Lyndie Fasold, Vice President, CITIGROUP
About this workshop: Owner, operators, and managers who are responsible for their portfolio’s cash management should attend.
• Real Estate Cash Management: Different account and payment types that meet the demands of the Real Estate industry
• Collections and Receivables: How to speed up receivables and streamline your company’s collections process
• Online Cash Management: How to maximize your bank’s Online Banking platform
• Preventing Fraud: How to safeguard your company’s bank accounts from check and electronic fraud
1:30 PM
Concurrent Sessions (Choose Track A or B)
Track A - Owners Roundtable ‫ܖ‬ Track B - Transaction Financing Strategies: 1031 Exchanges ‫ܖ‬
Auditorium Room 205
Moderator: Andrew Baroccas, CEO, MNS Presenter: David Gorenberg, Senior Vice President, CITIBANK
Adam Leitman Bailey, Owner, ADAM LEITMAN BAILEY, P.C. About this workshop: Transaction attorneys and building owners
Daniel Benedict, President, BENEDICT REALTY considering a sale should attend this workshop.
John Gilbert, Executive Vice President, RUDIN MANAGEMENT • Transactions: Property transactions and the rules of “incidental property”
Larry Gluck, Founder and CEO, STELLAR MANAGEMENT • Benefits: How to maximize tax benefits, plus personal property implications
Robert Nelson, President, NELSON MANAGEMENT GROUP • Restrictions: What not to do in a delayed exchange
Richard Parkoff, President, THE PARKOFF ORGANIZATION • Protect Yourself: Effects of Qualified Intermediary Fraud and Bankruptcy
• Examples: Real-life case studies and creative exchange solutions
2:45 PM
Repositioning Multifamily Assets: Renovation, Redevelopment & Conversions ‫ܖ‬
Auditorium
Moderator: Stuart Saft, Chair of the Real Estate Department, DEWEY & LEBOEUF
Devin Aronstam, Head of Acquisitions, VANTAGE PROPERTIES
Larry Curtis, President, WINNDEVELOPMENT
Douglas Eisenberg, Chief Operating Officer, URBAN AMERICAN
Ziel Feldman, Managing Principal, HFZ CAPITAL GROUP
Arnold Goldstein, Chairman, SAMSON MANAGEMENT
David Gorenberg, Senior Vice President, CITIBANK
3:45 PM
Keynote Interview with AREA Property’s Richard Mack ‫ܖ‬
Auditorium
One-on-one with:
Richard Mack, Chief Executive Officer, AREA PROPERTY PARTNERS
Paul Massey, CEO, MASSEY KNAKAL REALTY SERVICES
4:30 PM
Networking Cocktail Reception in Exhibit Hall
Photos, presentations, and audio recordings will be posted online after the event. Please visit
http://greenpearl.com/event-archives
And, meet past attendees of GreenPearl’s Real Estate Summits by following
GreenPearl Events on Facebook, LinkedIn, and Twitter.
Conference Agenda 16

18. Over 600 investors, owners, developers, financiers,
and other principals and deal makers helped make
MASSEY KNAKAL MULTIFAMILY SUMMIT
a success. Thank you for your support!
10439th Realty Citi Abstract Inc. Fisher Brothers
1st Global Equity Investors Citi Habitats Flatbush Federal Savings
23 Schermerhorn KG, LLC Citibank Focus Real Estate Group, LLC
Adam Leitman Bailey, P.C. Citigroup Forrest Partners, LLC
Adelphia, LLC Citi-Habitats Forsyth Street Advisors
AEA City Skyline Realty, Inc. Fortress Investment Group
AIG Global Real Estate ClickPay Services, Inc. Friedman, LLP
AJ Clarke Real Estate Columbia University GACE Consulting Engineers
AJA Properties, Ltd. Community Housing Improvement Program Gaveco Real Estate, Inc.
Alchemy Properties Con Edison GCP Capital Group
Amalgamated Bank Coney Realty Co. Georgia Malone
Anbau Enterprises Cooper Square Realty Glenwood Management Corp.
Apartments.com Corigin Goldman Sachs
Arbor Realty Trust Cornicello, Tendler, Baumel-Cornicello Gramercy Capital Corp.
AREA Property Partners Covington & Burling, LLP Great Point Properties
ARM Real Estate Group, LLC CPEX Real Estate Great Rentals
Asset Preservation, Inc. Creative Funding Group, LLC GreenPearl Events
Associated Builders & David Staton Greenrock Organization, LLC
Owners of Greater New York DDG Partners, LLC Greystone Servicing Corp.
Bank of America Dearborn Capital Group Grubb & Ellis
Bargold Storage Systems Deerwood Real Estate Capital GTIS Partners
Baruch College (CUNY) Deutsche Bank Berkshire Mortgage Hamilton Properties
Bedford Strategies & Solutions Dewey & LeBoeuf Hartz Mountain Industries, Inc.
BELFOR Property Restoration Diversified Realty Advisors, LLC Heights Real Estate
Belkin Burden Wenig & Goldman, LLP Dixon Advisory Helaba Landesbank Hessen-Thüringen
Belpointe Capital, LLC Douglas Elliman Property Management Herrick, Feinstein, LLP
Benchmark Title Agency Douglaston Realty Management Corp HFZ Capital Group
Benedict Realty Durst Fetner Residential Himmelstein, McConnell, Gribben,
Berkadia DVO Real Estate Holdings, LLC Donoghue & Joseph
Birchwood Properties, LLC Eagle Rock Advisors, LLC Houlihan Parnes
Bloomberg News East End Capital Hudson Housing Capital
Boston Realty Advisors Eastdil Secured Hudson Realty Capital
Bozzuto Management Company Ecotekture Development & Design Inc. Hughes Hubbard & Reed, LLP
Brenhines Properties, LLC Eldon Management Insurent Agency Corporation
BRG Emanuel Enterprises Corp. Invesco
Bright Power, Inc. EMG Iron Hound Management, LLC
Brown Harris Stevens Entech Digital Controls Jasberg Group, LLC
Brownstone Real Estate, LLC Enterprise Community Investment JB Real Estate Investment Group
BRT Realty Trust Enterprise Community Partners JDF Realty, Inc.
Builders Bank Exceed, LLC JGAM, LLC
Cadence Capital Group, LLC Falco & Isak Realty Services JP Morgan - Asset Management
Capital One Bank Fannie Mae JP Morgan Chase
CBRE Fine Times JSPOL Investors Corp.
Centerline Capital Group First American Title Insurance Company Julianna Realty
Certilman Balin First Metropolitan Properties KASA Holdings, LLC
CetraRuddy First National Bank of Long Island KeyBank Real Estate Capital
Chase Bank First Point Realty Advisors, LLC Khana Equities
17 Conference Attendees

19. Kushner Real Estate Group Papaver Holdings, LLC Steven Winter Associates, Inc.
L&P Real Estate Group, Inc. Parkimmo Stillman Management
L.A.M. Management Co., Inc. Phillips Development, Inc. Stonehenge Partners
L+M Development Partners, Inc. Pink Stone Capital Group, LLC Studley, Inc.
Lafayette Portland Corp. Pomme Group Real Estate Corp. Stuyvesant Town -
Landmark Partners Porthaven Capital, LLC Peter Cooper Village Tenants Association
Larew, Doyle & Associates Prana Investments TAB Equities, LLC
Lee Stern & Co. Principal Real Estate Investors TD Bank
LeFrak Organization Prudential Commercial Mortgage TerraCRG
Lehigh Cromwell, LLC Prudential Douglass Elliman - The Arker Companies
Leitner Group Inc. The Haber Team The Carlyle Group
Lend Some Money Prudential Mortgage Capital Company The Dermot Company, Inc.
Leslie A. Barnett, Architect Quality Conservation Services The Harmony Group
Lexin Capital, LLC Quinlan Development Group, LLC The Houston Real Estate Group
Lu Ning Architecture, PLLC Quontic Bank The John Buck Company
M&R Management Company R. A. Cohen & Associates The Manhattan Realty (TMR)
M&T Bank RAIT The Marketing Directors
M. Ravikoff Associates, Inc. Rapid Realty NYC, Inc. The Mgmt Group
Madison Equities RealPage, Inc. The Parkoff Organization
Madison National Bank Rebel Rebel Capital The Rainmaker Group
Manhattan Skyline Management Corp. Recap Real Estate Advisors The Real Deal
Margolin, Winer & Evens, LLP Reigns Capital The Witkoff Group
Massey Knakal Realty Services Related Companies Thomas S. Fleishell & Associates, P.C.
Medley Realty, LLC REM Resiential TIAA-CREF
Meister Seelig & Fein, LLP Rennie-Walker Holdings Tishman Speyer
Meridian Capital Group, LLC Rent Stabilization Association TMG
Meridian Properties, LLC Rent.com TOWN Residential, LLC
MetLife RentGrow TransAtlantic Capital Advisors
Metrobuild, LLC REOL Services Trellis Properties
Metropolitan Funding Corp. Reznick Group Tuck Capital Associates
Michael & Appell Associates, Inc. RG Consulting Services, LLC Turett Collaborative Architects
Mitsui Fudosan America Riverside Abstract Universal Enterprise, LLC
MJS Investments RML Urban American
MNS Roanoke Realty Partners US Energy Group
Morgan Properties Rose Associates, Inc. USA Mortgage / Hecht Group
Moss Adams Capital Roux Associates, Inc. Vantage Properties
NCL Capital Advisors Royal Abstract Wachtel Management Corp.
Nelson Management Group Rudin Management Waksard Capital, LLC
Nemec Financial SafeRent Walker & Dunlop
New York State Energy Research & Samson Management Waterton Associates
Development Authority (NYSERDA) Sandra Ospina WeiserMazars, LLP
Newmark Knight Frank Service Directions, Inc Wheelhouse Property
Nidoj Realty Corp. Shearman & Sterling, LLP White Birch Builders, Inc.
NIKKEI Sholom & Zuckerbrot Realty Corp. Winick Realty Group
Nixon Peabody, LLP Signature Bank WinnDevelopment
NOI Strategies Simone Song Properties Winthrop Management
NorthEnd Equities, LLC Simpson Housing, LLP Wiss & Company, LLP
NorthMarq Capital Skyline TRG Title Agency WoodsBagot
NYC Department of Housing Preservation & Sotheby's International Realty Yarra Development, LLC
Development Sovereign Associates YMCA of Greater New York
NYRE Ventures, LLC SR Properties Youngwood & Associates
Omni New York, LLC State Bank of Long Island As of November 4th
Online Marketing Group Stellar Management
On-Site.com Sterling American Property, Inc.
Conference Attendees 18

20. Thank You to Our Summit Speakers
Robert Akalski, Senior Vice President, Capital One Lyndie Fasold, Vice President, Citigroup
Robert Akalski is the Senior Vice President and Relationship Manager of Capital One's Multifamily Lending Lyndie Fasold is a Treasury Consultant and Vice President at Citi. Lyndie has been working at Citi since
business in New York. Capital One is one of New York's leading multifamily lenders with a portfolio of ap- 2005 when she joined the organization as a Management Associate. Currently, Lyndie works with Middle
proximately $5.3fB and multifamily originations of over $1.4B in 2011. Capital One is very high on the New Market and Financial Intermediary clients in the New York and Connecticut marketplaces to provide them
York multifamily business and expects to grow its portfolio significantly over the next several years. Mr. with innovative Cash Management Solutions.
Akalski has over twenty five years of experience in all aspects of real estate finance, including the sourcing,
underwriting, structuring and negotiating of all types of transactions. Ziel Feldman, Managing Principal, HFZ Capital Group
Mr. Feldman began his career as a real estate attorney in 1984 and ascended quickly to the role of part-
Sol Arker, Partner, The Arker Companies ner. Concurrent with his legal work, Mr. Feldman began investing in several multi-family properties located
Sol Arker is the Chief Executive Officer of The Arker Companies. He is responsible for providing direction to in New York City. In 2005, Feldman created a new entity, HFZ Capital Group, with a broader mandate to
all parts of the company including its development, contracting and management divisions. Mr. Arker holds capitalize on development and investment opportunities in the U.S. and around the globe. In 2007, Mr.
a B.S. degree in Economics from the University of Hartford and a J.D. degree from St. John's University. The Feldman purchased a majority stake in Polar Investments Ltd., a public real estate company traded on the
Arker Companies is a fully integrated development, construction, and property management company with Tel Aviv Stock Exchange (TASE), and assumed the position of Chairman.
more than 100 employees, based in Floral Park, NY.
Harold Fetner, President and CEO, Durst Fetner Residential
Devin Aronstam, Director - Head of Acquisitions, Vantage Properties Harold Fetner became President and CEO of Sidney Fetner Associates in 1988, and he was named Presi-
Devin is the Head of Acquisitions for Vantage Properties and its affiliate, Candlebrook Properties. Since dent and CEO of Durst Fetner Residential at its inception in 2007. Under Mr. Fetner's direction, SFA's port-
joining Vantage in 2009, Devin has led Vantage's geographic expansion out of New York City and into the folio has grown exponentially, all through ground up development, allowing the company to earn its
surrounding suburban markets, having acquired approximately 2,500 units in New Jersey to date. Prior to reputation as a premiere residential development and management company. He has established the core
Joining Vantage, Devin was a Principal with Lubert-Adler Partners, a leading real estate private equity firm. values for Durst Fetner Residential, which include: high service standards, commitment to sustainable de-
Devin received his B.A from the University of Michigan and his M.B.A. from The Wharton School at the Uni- velopment and attention to detail.
versity of Pennsylvania.
Spencer Garfield, Managing Director, Hudson Realty Capital
Adam Leitman Bailey, Owner, Adam Leitman Bailey, P.C. Mr. Garfield joined Hudson at its formation in March 2003 as a Managing Director in charge of new loan
Adam Leitman Bailey, Esq. practices residential and commercial real estate law. Among New York's most originations, business development and business relations. Mr. Garfield has been instrumental in the com-
successful and prominent real estate attorneys, Mr. Bailey has been identified among the top five percent pany achieving dominance in the middle-market, opportunistic real estate investment arena. Led by
of attorneys in the New York area, and named a Super Lawyer by Law & Politics magazine. During the past Garfield's originations, HRC has closed more than $2 billion in debt and equity transactions since the for-
three years, the internationally esteemed Chambers & Partners repeatedly selected Mr. Bailey as one of mation of its initial two funds. Before joining HRC, Mr. Garfield spent 12 years in the real estate industry
New York's Leading Real Estate lawyers, hailing Mr. Bailey as a "tenacious and confident litigator who is with an emphasis on real estate investment and finance.
quick-witted in court and respected by the judges."
John Gilbert, Executive Vice President, Rudin Management
Steven Barranca, Tax Principal, Friedman LLP John Gilbert is EVP and COO for the Rudin organization. This prominent, family-owned developer, possesses
Steven Barranca is a tax principal with Friedman LLP. He has over 25 years of experience in public account- 10 million feet of commercial space and 18 apartment buildings. Mr. Gilbert has chaired or co-chaired sev-
ing and specializes in the taxation of partnerships and partners in real estate. Steve has extensive experi- eral task forces on rebuilding telecom infrastructure and security, and serves on Mayor Bloomberg's task
ence with real estate developers, investors, operators, syndicated real estate deals, tiered-entity-structures, forces on energy policy and improving the City's emergency response and security, and was appointed to
low-income housing projects, historic tax credits, REIT compliance, UPREIT structures, tax-exempt investors, the Mayor's new Broadband Advisory Committee. Mr. Gilbert also is a Trustee for the New York Hall of Sci-
and section 1031 like-kind exchanges. ence.
Andrew Barrocas, CEO, MNS Laurence Gluck, Founder and CEO, Stellar Management
Andrew Barrocas is the Chief Executive Officer of The Real Estate Group. He is jointly responsible for the In March, Laurence Gluck picked up a stalled condominium project in Williamsburg, Brooklyn, at a steep
day-to-day operations, strategic planning and the overall vision of the company. Mr. Barrocas began his real discount. He plans to relaunch it as a rental. In the past year, the head of Stellar Management has also
estate career at one of Manhattan's largest brokerage firms, where he soon earned the title of Managing snapped up a hotel and a residential tower in Manhattan, and signed on a deep-pocketed investor for his
Director at the age of 23. Over the course of the next four years, he received numerous awards for his cash-squeezed, 26-story office tower downtown.
achievements in real estate, including the prestigious Crain's NY "Top Broker Under 30?.
Arnold Goldstein, Chairman, Samson Management
Bruce Beal, Executive Vice President, Related Companies Arnold Goldstein graduated from New York University's School of Commerce, Accounts and Finance, and is
Bruce A. Beal, Jr., is an Executive Vice President of Related Companies. Mr. Beal joined Related in 1995 co-founder of Samson Management, one of New York City's largest owner management firm. Mr. Goldstein
and is responsible for overseeing the day-to-day development process for projects throughout the country, is Chairman of the Board and Chairman of the Executive Committee of the Rent Stabilization Association of
including acquisition, finance and construction activities. In addition, Mr. Beal oversees Related's existing New York, member of the Attorney General's Cooperatives and Condominiums Advisory Task Force and
portfolio of residential properties as well as the new acquisitions and development for the Related Afford- served as a Director of the NYS Managed Long Term Care Advisory Board.
able division.
David Gorenberg, Senior Vice President, Citibank
Sherwin Belkin, Partner, Belkin Burden Wenig & Goldman, LLP David is the Senior Vice President of Citibank, N.A., and serves as the National Director of 1031 Exchange
Mr. Belkin has represented owners in numerous proceedings and hearings before the New York Concilia- Services, a national Qualified Intermediary in Section 1031 tax-deferred property exchanges. In that capac-
tion and Appeals Board, Office of Rent Control, New York State Division of Housing and Community Re- ity, he speaks frequently on Section 1031 tax-deferred property exchanges, recently issued regulations re-
newal, Attorney General's Real Estate Financing and Consumer Frauds Bureaus, U.S. Department of garding exchanges, and updates to the Tax Code concerning Section 1031, and related issues. He has also
Housing and Urban Development and New York City Commission on Human Rights. He has successfully developed other specialized presentations to meet the needs of specific groups, including attorneys, ac-
challenged many of these administrative agencies in State Supreme Court and has argued appeals before countants, estate planners, real estate professionals, and investor groups.
all levels of State appellate courts.
Jeffrey Gould, President and CEO, BRT Realty Trust
Daniel Benedict, President, Benedict Realty Jeff is President and Chief Executive Officer of BRT Realty Trust (NYSE: BRT), a Great Neck, New York based
Mr. Benedict founded Benedict Realty Group, LLC in 1995. After working with a Belgium-based metals and public mortgage REIT and a member of the Board of Trustees. BRT originates short-term bridge loans for
commodities trading firm, Mr. Benedict saw the opportunities available in real estate in the early 1990s acquisition and to assist borrowers in the buyback of their debt or third-party debt opportunities primarily
and switched his focus toward acquiring NY multifamily real estate. Mr. Benedict's first real estate purchase on income producing properties nationwide. Jeff has an outstanding record of accomplishments in com-
occurred in 1994 when he bought a $1 million note secured by 60 units in the Bronx, New York. The prop- mercial real estate lending and real estate ownership. Under his stewardship, BRT has dramatically ad-
erty had 30 vacancies with significant capex issues. Mr. Benedict foreclosed on the equity, filled the units vanced its reach, equity and assets to become one of the foremost short-term lenders on the national
and has recouped the investment many times over. unconventional lender landscape, providing impeccable service, speed, and reliability of closing.
Robert Cohen, Managing Principal, R. A. Cohen & Associates James Hedden, Senior Managing Director, Development, Rose Associates
Besides his expertise at assembling a diversified staff of professionals, Robert A. Cohen, president and As Senior Managing Director of Development for Rose Associates, Inc., James L. Hedden sources develop-
founder, has an extensive background in real estate law and management. Prior to forming R. A. Cohen & ment and acquisition opportunities and provides financial analysis and investment viability. Prior to joining
Associates, Inc., he was Executive Vice President and Chief Operating Officer at Imperial Properties, Inc., Rose Associates, Jim was NYC Regional Executive for Bank of America's Commercial Real Estate Banking
New York, after a long and successful career as Vice President and General Counsel of M. J. Raynes Incor- Group. Jim has more than 25 years in various positions in the real estate industry hroughout the Northeast.
porated, during its period of dominance in co-op conversions in the 1980s. He served as senior vice president at Fleet Bank in charge of commercial real estate lending, managing of-
fices in New Jersey, Philadelphia and Washington DC.
Lawrence Curtis, President, WinnDevelopment
As Managing Partner and President for WinnDevelopment, Larry leads a full range of real estate develop- David Hershey-Webb, Partner, Himmelstein, McConnell, Gribben, Donoghue & Joseph
ment and acquisition activities for WinnCompanies, a Boston-based firm with over 80,000 residential units David is a partner at Himmelstein, McConnell, Gribben, Donoghue & Joseph and has been with the firm
under management in 23 states across the country. While maintaining a wide range of real estate inter- since 2001. David specializes in DHCR related litigation and has won significant decisions in favor of rent-
ests, Larry's primary focus has been on the creation of affordable housing and historic rehabilitation. stabilized tenants including Columbus 95 v. DHCR (Supreme Court decision holding that former Mitchell-
Lamas are not entitled to "unique or peculiar" rent increases). David has published in the New York Law
David Dishy, Executive Vice President for Acquisition & Investment, L + M Development Partners Journal (In the Wake of the 'Roberts' Decision, What Next? 12/1/09).
David Dishy is responsible for new acquisitions and investments for L+M. In this capacity, David manages
the New York Affordable Housing (NYAH) Preservation Fund, an investment platform with Citi Community Andrew Hoffman, Chief Operating Officer, Stonehenge Partners
Capital as well as components of L+M's joint venture with Goldman Sachs' Urban Investment Group Andrew Hoffman joined Stonehenge Partners in 2008 as Chief Operating Officer. He is responsible for all
(GSLM). Prior to joining L+M, David served as Senior Vice President for residential with Forest City Ratner aspects of the company's operations including leasing, property management, compliance and related op-
Companies and then as a Managing Director for residential development and acquisition with Tishman erational matters. Mr. Hoffman has over 25 years in New York City real estate management, including 16
Speyer in New York. years as the President of Clarendon Management Corp., the owner-operated management company man-
aging more than 2,500 residential rental units, including the 1,000-unit London Terrace Gardens. The port-
Douglas Eisenberg, Chief Operating Officer, Urban American folio Mr. Hoffman oversaw was valued at over $800 million.
Urban American-founded in 1997-got its start in New York and New Jersey, building a portfolio of more than
12,000 units. Douglas Eisenberg is Chief Operating Officer of the company he started with his father, and Kenneth Horn, Principal, Alchemy Properties
has developed a formula of buying, renovating, and managing workforce apartment properties often over- Kenneth S. Horn, Esq. founded Alchemy Properties Inc. in 1990. Mr. Horn has been actively involved in de-
looked by institutional investors. velopment and other aspects of real estate in the metro area for 25 years. Since 1990, Mr. Horn has been
directly responsible for the acquisition, renovation, development, financing, marketing and conversion of
Melissa Farrell, Principal, Prudential Commercial Mortgage over 3,000 apartments in the New York City region. Alchemy has developed over Twenty (20) residential
Melissa is a Managing Director with Prudential Mortgage Capital Company. In this role, she oversees the and retail buildings in Manhattan, Brooklyn and Queens either as ground-up structures or rehabilitations.
firm's Manhattan office and is responsible for the origination of a broad range of commercial mortgage
products throughout the Northeast region. She is located in New York City.
19 Thank You to Our Summit Speakers