Cornell Center for Real Estate and Finance to host commercial mortgage-backed securities...

Apr 01, 2014

Contact:  Melissa Carlisle, 607.255.1078, mlp1@cornell.edu

FOR IMMEDIATE RELEASE:

Cornell Center for Real Estate and Finance to host commercial mortgage-backed securities retrospective
 
Ithaca, NY, April 1, 2014 - The Center for Real Estate and Finance at the Cornell School of Hotel Administration will present "Commercial Mortgage-Backed Securities (CMBS): A Retrospective" at The Pierre in New York City, April 24, 2014, from 8:00-11:30 a.m. The event, which is open to the public, will feature industry icons who pioneered the CMBS industry. This uniquely qualified panel will provide their broad perspectives on CMBS—notably, the current challenges and future opportunities. Register here to attend. Regular registration is $100 (including breakfast); registration for Cornell alumni is $75.

Like all fixed-income markets, the CMBS sector has undergone substantial changes over the last several years. The market—which enjoyed substantial growth since its inception—endured major disruptions during the Russian default in 1998 and the market collapse of 2008. Despite the cautious optimism expressed by many, there is still considerable uncertainty about CMBS's viability, as well as how this market will change and adapt.

 "Given the market's maturity, history, and current challenges, the time has never been more appropriate for an analysis of the status and prospects for the CMBS market. We've assembled a diverse group of industry icons who were instrumental in creating the CMBS market," said Dan Quan, professor of real estate and director of the Center for Real Estate and Finance. "This retrospective discussion should be of great interest to all those who are involved with the real estate capital markets."

Panelists include those who packaged the deals, purchased the bonds, and rated the securities:

•    Dean Adler

•    Mark Finerman

•    Joseph Franzetti

•    Ethan Penner

•    Mark Snyderman

Sawyer Realty Holdings LLC is sponsoring the event and Commercial Mortgage Alert is the media partner. If you have questions or would like to partner with Cornell on this event, contact Melissa Carlisle at mlp1@cornell.edu.

About the Center for Real Estate and Finance
Established in 2009, the Center for Real Estate and Finance provides a platform for educating students, creating new knowledge through research activities, and exchanging information about real estate and finance with a broad set of audiences. CREF is at the forefront of research in all areas of commercial real estate, from the study of the behavior of real estate assets in investment portfolios to an understanding of real estate capital markets to the science of hedging real estate risk. To learn more about CREF, visit www.cref.cornell.edu.

CREF Industry Fellows: Access Point Financial, Atlantic & Pacific Companies • Caribbean Property Group • Carlson Rezidor Hotel Group • Crescent Heights • Grove International Partners • Hersha Hospitality Trust • Hilton Worldwide • Hudson Bay Company • HVS • IHG • Jones Lang LaSalle Hotels • LaSalle Hotel Properties • Marriott International • Prudential Real Estate Investors • PWC • Real Capital Analytics • RLJ Lodging Trust • Sawyer Realty Holdings • Starwood Capital Group • Stonebridge Companies • Sunstone Hotel Investors • The Chartres Lodging Group • The Mega Company • W Holdings • Watermark Capital Partners, LLC • Wells Fargo • Westbrook Partners • Wyndham Hotel Group