CAPITAL MARKETS IN REAL ESTATE

50TH ANNUAL CONFERENCE ON CAPITAL MARKETS IN REAL ESTATE INFRASTRUCTURE INVESTMENT AND REAL ESTATE FOR THE 21ST CENTURY THURSDAY, NOVEMBER 16, 2017 THE PIERRE NEW YORK CITY KEYNOTE ADDRESS THE HONORABLE ANDREW M. CUOMO Governor of New York State SCHACK INSTITUTE OF REAL ESTATE

NYU SCHOOL OF PROFESSIONAL STUDIES SCHACK INSTITUTE OF REAL ESTATE SPONSORSHIP OPPORTUNITIES Sponsorship opportunities are still available for the 50th Annual Conference on Capital Markets in Real Estate. For inquiries about sponsorship opportunities, please contact Sonal Pande at sonal.pande@nyu.edu or call 212-998-6961. To review sponsorship levels, please visit our website (sps.nyu.edu/schack/capitalsponsorship). REGISTRATION INQUIRIES For registration inquiries, please contact Jessica Estrada-Watson at jessica.watson@nyu.edu or call 212-992-3618. ABOUT THE NYU SCHOOL OF PROFESSIONAL STUDIES SCHACK INSTITUTE OF REAL ESTATE The NYU School of Professional Studies (NYUSPS) Schack Institute of Real Estate was founded in 1967 at the initiative of prominent members of the New York City real estate community, who encouraged NYU to establish an academic center that would provide a world-class education for industry professionals. Fifty years later, the Schack Institute is at the forefront of real estate education and is recognized globally as one of the world s leading centers of real estate research and pedagogy. Across the Institute s graduate degree programs notably the MS in Real Estate, the MS in Construction Management, and the MS in Real Estate Development as well as a rapidly expanding undergraduate degree program, enrollment has grown to nearly 1,000 full- and part-time students from across the United States and nearly 50 other countries. In addition to its flagship degree programs, thousands of working professionals enroll in the Schack Institute s executive education, diploma, and career advancement programs each year. An anchor of real estate academia s engagement with industry, the Institute is home to the REIT Center, the Center for the Sustainable Built Environment, and the newly established Urban Lab. In addition, the Institute hosts national industry events, including annual conferences on real estate capital markets and the REIT sector. Under the direction of the Schack Institute s faculty, ongoing applied research at the Institute spans an exceptional range of issues in real estate development and investment, urban economics, and market structure and regulation.

50TH ANNUAL CONFERENCE ON CAPITAL MARKETS IN REAL ESTATE INFRASTRUCTURE INVESTMENT AND REAL ESTATE FOR THE 21ST CENTURY The NYUSPS Schack Institute of Real Estate will host the 50th Annual Conference on Capital Markets in Real Estate on Thursday, November 16, 2017 at The Pierre in New York City. For half a century, the Capital Markets Conference has been one of the industry s most prominent forums on the state of commercial real estate capital markets and investment activity. Once again this year, the Conference will convene industry leaders for a vigorous debate on global equity and debt capital flows, institutional and private equity investment activity, and emerging sources of market disruption. Alongside the discussion of real estate capital market conditions, this year s conference also will address the intersection of real estate and infrastructure investment. The importance of infrastructure for the real estate industry has never been more apparent. The health of our cities, opportunities to develop, and the value of our portfolios all depend upon the quality and reliability of the surrounding infrastructure. Amid a growing national consensus on the pressing need for infrastructure investment, industry leaders will discuss real estate s infrastructure priorities and opportunities for partnership between the public and private sectors. NYUSPS SCHACK INSTITUTE OF REAL ESTATE 50TH ANNIVERSARY CHAIR LARRY A. SILVERSTEIN, Chairman, Silverstein Properties; Founder and Chairman Emeritus, Advisory Board, NYUSPS Schack Institute of Real Estate ADVISORY BOARD CHAIR JAMES D. KUHN, President, Newmark Knight Frank ADVISORY BOARD VICE CHAIR DAVID Z. HIRSH 90, Managing Director, Blackstone NYU SCHOOL OF PROFESSIONAL STUDIES DENNIS DI LORENZO, Harvey J. Stedman Dean, NYU School of Professional Studies CONFERENCE HOST SAM CHANDAN, PhD FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYU School of Professional Studies Schack Institute of Real Estate CONFERENCE CHAIR ROBERT S. BLUMENTHAL, Vice Chairman and Managing Director, Americas Real Estate, Gaming, Lodging and Leisure Group, Deutsche Bank Securities CONFERENCE CO-CHAIRS JEFF T. BLAU, Chief Executive Officer, Related Companies GRETA GUGGENHEIM, Chief Executive Officer and Partner, TPG Real Estate Finance TYLER HENRITZE, Senior Managing Director and Head of US Acquisitions in the Real Estate Group, Blackstone

Conference Agenda 7:30 a.m. 8:00 a.m.... Registration and Breakfast 8:00 a.m. 8:10 a.m.... Welcome Remarks and Conference Introduction SAM CHANDAN, PhD FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYU School of Professional Studies Schack Institute of Real Estate 8:15 a.m. 9:20 a.m.... GLOBAL DEBT CAPITAL FLOWS: The Rise of the Debt Funds MATT BORSTEIN, Global Head of Commercial Real Estate, Deutsche Bank Securities [Moderator] BRIAN BAKER, Managing Director, Global Head of Commercial Mortgages, J.P. Morgan Securities JEFFREY F. DIMODICA, CFA, President and Managing Director, Starwood Property Trust GRETA GUGGENHEIM, Chief Executive Officer and Partner, TPG Real Estate Finance Trust DAVID LEHMAN, Managing Director, Goldman, Sachs & Co. JONATHAN POLLACK, Senior Managing Director and Global Head of Real Estate Debt Strategies Group, Blackstone 9:20 a.m. 10:20 a.m.... THE DRIVERS OF REAL ESTATE PRIVATE EQUITY TYLER HENRITZE, Senior Managing Director and Head of US Acquisitions in the Real Estate Group, Blackstone [Moderator] SPENCER B. HABER, Chairman and Chief Executive Officer, H/2 Capital Partners LESLIE WOHLMAN HIMMEL, Founder and Co-Managing Partner, Himmel + Meringoff Properties WILLIAM D. RAHM, Senior Managing Director, Centerbridge Partners LAUREN HOCHFELDER SILVERMAN, Managing Director, Head of Americas, Morgan Stanley Real Estate Investing 10:20 a.m. 10:40 a.m.... Networking Break

10:45 a.m. 12:00 p.m.... THE GOLDEN APPLE: The Mount Rushmore of New York City Real Estate ROBERT S. BLUMENTHAL, Vice Chairman and Managing Director, Americas Real Estate, Gaming, Lodging and Leisure Group, Deutsche Bank Securities [Moderator] MARYANNE GILMARTIN, President and Chief Executive Officer, Forest City New York SCOTT RECHLER 90, Chairman and Chief Executive Officer, RXR Realty STEPHEN M. ROSS, Chairman and Founder, Related Companies WILLIAM C. RUDIN, Co-Chairman and Chief Executive Officer, Rudin Management Company 12:05 p.m. 12:35 p.m.... ONE-ON-ONE DISCUSSION WITH JEFF T. BLAU JAMES D. KUHN, President, Newmark Knight Frank, and Chair, NYU School of Professional Studies Schack Institute of Real Estate Advisory Board JEFF T. BLAU, Chief Executive Officer, Related Companies 12:45 p.m. 1:30 p.m.... Conference Luncheon 1:10 p.m. 1:30 p.m.... KEYNOTE ADDRESS: Introduction SCOTT RECHLER 90, Chairman and Chief Executive Officer, RXR Realty KEYNOTE ADDRESS: In addition to leading RXR Realty, Scott Rechler 90 currently serves as a board member of the Metropolitan Transit Authority (MTA) and is chairman of the Regional Plan Association (RPA). He has been outspoken on issues relating to infrastructure and will introduce the conference keynote address, Infrastructure at the Brink. THE HONORABLE ANDREW M. CUOMO, Governor of New York State Andrew M. Cuomo is the 56th Governor of New York State. He has a lifelong commitment to public service and the proven leadership skills to make government work for the people of the state. Under his leadership, major infrastructure projects such as the long-stalled Tappan Zee Bridge replacement and the much-needed redevelopment of LaGuardia Airport are moving forward. The Governor s administration has invested nearly $4 billion through the Regional Council and Upstate Revitalization initiatives to jumpstart the economy and support local priorities for development.

1:45 p.m. 2:45 p.m.... GLOBAL EQUITY CAPITAL FLOWS: Infrastructure Funds for Public Private Partnerships SAM CHANDAN, PhD FRICS, Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean, NYU School of Professional Studies Schack Institute of Real Estate [Moderator] JONATHAN DRACOS, Head of Global Real Estate, Investcorp PAUL A. GALIANO, Senior Managing Director, Co-Head of Acquisitions, Dispositions, Capital Markets, Joint-Venture Transactions, Tishman Speyer SEAN KLIMCZAK, Global Head of Infrastructure, Blackstone EDWARD PALLESEN, Managing Director, Head of Infrastructure Investment Group for the Americas, Goldman, Sachs & Co. 2:50 p.m. 3:50 p.m.... DISRUPTING INFRASTRUCTURE IN THE 21ST CENTURY THOMAS K. WRIGHT, President, Regional Plan Association [Moderator] RICHARD FLORIDA, PhD, Renowned Urbanist and Author; Clinical Research Professor, NYU School of Professional Studies; and Distinguished Fellow, NYUSPS Urban Lab JASON POST, Director of Public Affairs, Uber Technologies JESSICA ROBINSON, Director, City Solutions, Ford Motor Company 4:00 p.m. 4:15 p.m.... Closing Remarks General Information CONFERENCE FEE The Conference fee, including breakfast, the luncheon, and all materials, is $795 for each participant. No discounts will be given on the day of the event. Checks will only be accepted for onsite registrations on the day of the event. ELECTRONIC REGISTRATION AND CONFIRMATION An email registration confirmation will be sent to the email address provided to NYU at the time of registration. Your confirmation will be from the NYUSPS Schack Institute of Real Estate. If confirmation is not received within two business days, please contact SchackConferences@nyu.edu for a receipt. TRANSFER OF REGISTRATION POLICY A transfer of registration will be accepted if written notice is received by 5:00 p.m. Eastern Standard Time on Monday, November 6, 2017. Submit the request by email to SchackConferences@nyu.edu and indicate registrant name, organization, contact information, and registration confirmation number. Transfer requests received after Monday, November 6, 2017 will not be accepted. CANCELLATIONS AND REFUND POLICIES Registration cancellations and refund requests must be received by 5:00 p.m. Eastern Standard Time on Monday, October 30, 2017 to receive a 50 percent refund of the regular registration fee. Submit the request by email to SchackConferences@nyu.edu and indicate registrant name, organization, contact information, and registration confirmation number. Cancellation and refund requests received after Monday, October 30th will not be accepted.

DIETARY REQUIREMENTS OR ACCESSIBILITY NEEDS Participants who have dietary requirements or accessibility needs are advised to email SchackConferences@nyu.edu by Monday, November 6, 2017 to indicate their particular requirement(s). Dietary requirements must be indicated by this deadline to receive a special meal for the conference luncheon. PARTICIPANT LIST Participant lists derived from information provided on the registration form will be distributed to conference attendees. A list of participating companies may be included in distributions to prospective conference participants. Participants must register by Monday, November 6, 2017 to be included in the program booklet. HOTEL RESERVATIONS The 50th Annual Conference on Capital Markets in Real Estate will be held at The Pierre, 2 East 61st Street New York, NY 10065. For hotel reservations, call 212-838-8000. Direct questions regarding reservation changes or cancellations to The Pierre. Registration Form Your email address is your registration ID. Confirmations are sent by email. TO REGISTER By Internet: Register online with your credit card at sps.nyu.edu/capital. Your email address is your registration ID. Confirmations are sent by email. By Mail: Fill out the registration form below, and return it with a check payable to New York University. Mail to: New York University, 11 West 42nd Street, Room 508, New York, NY 10036. Onsite Registration: Please bring a check for payment. No credit cards will be accepted for onsite registration. For more information, please call 212-992-3618. Mail this form with your check. You may photocopy this form for multiple registrants. Please submit a separate form for each registrant. Please print clearly. Please register me for the 50th Annual Conference on Capital Markets in Real Estate. Fee: $795.00. Payment is enclosed. Name Title Business Phone ( ) Company Address City State Zip Code Email* *Email is required as registration confirmations are sent by email.

50TH ANNUAL CONFERENCE ON CAPITAL MARKETS IN REAL ESTATE INFRASTRUCTURE INVESTMENT AND REAL ESTATE FOR THE 21ST CENTURY THURSDAY, NOVEMBER 16, 2017 THE PIERRE NEW YORK CITY SCHACK INSTITUTE OF REAL ESTATE NYU School of Professional Studies Schack Institute of Real Estate 11 West 42nd Street, Room 508 New York, NY 10036 For more information and to register, visit: sps.nyu.edu/capital P1617-0254 9/17