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CUSHMAN & WAKEFIELD

BUILT TO LEAD.

cushmanwakefi eld.com

With over 43,000 employees in over 60 countries.

4.3 billion square feet of space under management.

$191 billion in transactions.

$5 billion in revenues.

Built to help clients reach their full potential.

Cushman & Wakefi eld is a leader in the global real estate marketplace, putting the client at the center of everything we do.

04.18.16 Spring ULI Program – Capital Markets.indd 1 3/8/16 1:18 PM

Program

PREIT® WELCOMES URBAN LAND INSTITUTE’S SPRING MEETING TO PHILADELPHIA.Headquartered in Philadelphia, we are the dominant mall land- lord in this region, and we own and operate 27 million square feet of retail space in the eastern half of the US with concentration in the Mid-Atlantic region’s top MSAs.CHERRY HILL MALL Cherry Hill, NJ

EXTON SQUARE Exton, PA

FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST Philadelphia, PA

MOORESTOWN MALL Moorestown, NJ

PLYMOUTH MEETING MALL Plymouth Meeting, PA

SPRINGFIELD MALL Springfield, PA

WILLOW GROVE PARK Willow Grove, PA

200 South Broad Street n Philadelphia, Pennsylvania 19102 n 215.875.0700 n preit.com

MOORESTOWN MALL

EXTON SQUARE

WILLOW GROVE PARK

PLYMOUTH MEETING MALL FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST

CHERRY HILL MALL

SPRINGFIELD MALL

16COR190 ULI Spring Meeting ad_4x9.indd 1 3/3/16 8:52 AM

1#ULISpring

Table of Contents

2016 ULI Spring Meeting Corporate Partners & Sponsors 2

Registration 8

ULI Information Desk 8

ULI Central 9

Things to Know 10

Program Focus 14

Program Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 20 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 33

Committee Meetings and Special Events Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 49 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 50 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 51

Council Receptions & Dinners Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 54

Council Meetings Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 56

Networking Events & Receptions Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 60 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 60 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 61

Tours Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 63 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 64

People to Thank 65

People to Know 69

2 32016 ULI Spring Meeting #ULISpring

2016 ULI Spring Meeting Sponsors

ICON

2016 ULI Spring Meeting Sponsors

PLATINUM

PRINCIPAL

4 52016 ULI Spring Meeting #ULISpring

2016 ULI Spring Meeting Sponsors

GOLD

2016 ULI Spring Meeting Sponsors

SILVER

6 2016 ULI Spring Meeting

2016 ULI Spring Meeting Sponsors

BRONZE

BLT ArchitectsCarl M. Freeman Companies

Concord Engineering Group, Inc. Cooper's Ferry Partnership

Drexel UniversityDrinker Biddle & Reath LLP

Environetics Design Inc.The Graham Company

GREYSTARThe Harman Group

High Real Estate Group LLCJacobs

JKRP ArchitectsJLL

Kaplin Stewart Meloff Reiter & Stein, P.C.KETTLER

Klehr Harrison Harvey Branzburg LLPKorman Communities / AKA

Lancaster City AllianceLF Driscoll Construction Management

Lowe EnterprisesManko, Gold, Katcher & Fox LLP

NBBJO'Donnell & Naccarato, Inc.

Pelli Clarke Pelli Architects, Inc.Pennoni

PIDCPivotDesk

Radnor Property Group LLCRETTEW

Southern Land Company, LLPStrada Architecture LLC

University City Science CenterWohlsen Construction Company

We’re reimagining the future of energy. And powering our region today.

At PECO, we’re providing the energy services needed to drive innovation, attract businesses, create jobs and build a booming economy—today and tomorrow. With Greater Philadelphia’s unmatched resources, we’re delivering on our promise of safe, reliable, affordable, clean energy, every day. Because we have powered the region’s past and will continue to power its future.

Learn more at peco.com/economic

PECO. The future is on.

© PECO Energy Company, 2016

8 92016 ULI Spring Meeting #ULISpring

ULI CentralStop by ULI Central to find out more about ULI’s upcoming and ongoing programs . Be sure to pick up or download several complimentary reports and Urban Land magazine, and to nominate a rising star in the real estate industry in Urban Land’s 40 Under 40 competition . Feel free to take advantage of the seating in this area for networking .

ULI Central is located in the Grand Hall on the second floor of the Pennsylvania Convention Center. Please visit during the following hours.

Tuesday, April 19 7:00 a .m . – 7:00 p .m .

Wednesday, April 20 7:00 a .m . – 7:00 p .m .

Thursday, April 21 6:30 a .m . – 8:00 p .m .

Thank you to our sponsors that will have a table display by ULI Central

Table #1 City of Las VegasTable #2 Able ServicesTable #3 Wall Street JournalTable #4 Turner ConstructionTable #5 Implan

Registration Name badges, meeting materials, and tickets for tours and other optional events can be picked up at the ULI Registration Center located in the Grand Hall on the second floor of the Pennsylvania Convention Center .

Registration Hours

Tuesday, April 19 7:00 a .m . – 7:00 p .m .

Wednesday, April 20 7:00 a .m . – 7:00 p .m .

Thursday, April 21 6:30 a .m . – 5:00 p .m .

Lanyards sponsored by Hotel keycards sponsored by

Self-check in kiosks sponsored by

ULI Information DeskULI staff members are available to answer your questions and help you navigate the 2016 ULI Spring Meeting . The ULI Information Desk is located in the Grand Hall on the second floor of the Pennsylvania Convention Center .

Information Desk Hours

Tuesday, April 19 7:00 a .m . – 7:00 p .m .

Wednesday, April 20 7:00 a .m . – 7:00 p .m .

Thursday, April 21 6:30 a .m . – 5:00 p .m .

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Things to KnowLuggage StorageFor your convenience, you can check and store your luggage with convention center staff at the Pennsylvania Convention Center . The storage area is located in the Grand Hall on the second floor of the Pennsylvania Convention Center, near the ULI registration center and will be open on Thursday, April 21, from 6:30 a .m . to 8:00 p .m .

Stay Connected While at the ULI Spring MeetingWi-fi will be available free of charge in the Pennsylvania Convention Center . The name of the network is “@prologis” and no password is required .

Sponsored by

Charging StationsCharging stations are located throughout the Pennsylvania Convention Center and are generously sponsored by Google Fiber . Come by to plug in and have a conversation while you bring your mobile device back to life .

Sponsored by

Transportation Services The ULI Spring Meeting is headquartered at the Pennsylvania Convention Center, which is within a short walking distance of official ULI meeting hotels .

Tour Transportation: All buses will depart from the Pennsylvania Convention Center (PACC) on 12th Street at Arch Street under the tunnel . This location is accessible from the Pennsylvania Convention Center East or West Street Level .

Council Transportation: Please review your Council Agenda for specific details .

ULI HotelsCourtyard by Marriott Downtown 21 North Juniper Street 215-496-3200

Hampton Inn Philadelphia 1301 Race Street 215-665-9100

Hilton Garden Inn 1100 Arch Street 215-923-0100

Home2 Suites by Hilton Philadelphia 1200 Arch Street 215-627-1850

Le Méridien Philadelphia 1421 Arch Street 215-422-8200

The Logan Philadelphia 1 Logan Square 215-963-1500

Philadelphia Marriott Downtown 1201 Market Street 215-625-2900

The Ritz-Carlton, Philadelphia 10 Avenue of the Arts 215-523-8000

Things to KnowNeed Help? Have a Question?ULI staff are wearing green lanyards and can answer your questions . ULI meeting staff are also wearing “Let me help you” buttons . We’re here to help!

Plan Your Spring Meeting with The ULI Events AppOptimize your experience at the Spring Meeting with the free ULI Events app . Plan your schedule, connect with leaders from across the real estate industry, and share your experience via Twitter, Facebook, YouTube, and LinkedIn directly from the app .

Features include a customized schedule with your top picks from all sessions and events, lists of the speakers and attendees, and alerts about can’t-miss extras at the meeting .

Download the app for iPhone, iPad, and Android devices at uli .org/mobile .

Sponsored by

Visit the iTunes Store or Google Play and download the ULI Events App today!

Follow the Spring Meeting on Twitter

#ULISpring

www.morganlewis.comThis material is provided for your convenience and does not constitute legal advice or create an attorney-client relationship. Prior results do not guarantee similar outcomes. Attorney Advertising.  © 2016 Morgan, Lewis & Bockius LLP

CONTACTS

Eric L. SternReal Estate Practice Co-Leader [email protected]

Richard A. ToelkeReal Estate Practice [email protected]

GLOBAL REACH, LOCAL INSIGHTOur team of lawyers provides insightful, practical advice on sophisticated issues. We stay on top of our clients’ businesses and evolving needs, understanding them from the inside out. We’re there as agile partners when clients need us—wherever and whenever deals are done.

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The following is a list of concurrent sessions to help you find the program best suited to your interests . Program descriptions begin on page 20 .

GENERAL SESSIONS

Espousing Client, Crew, and Community in Today’s Global Marketplace Pennsylvania Convention Center, Ballroom AB Wednesday, April 20, 2016, 12:45 p .m . – 1:45 p .m .

Capital Markets: Where Are We Now and Where Are We Going? Pennsylvania Convention Center, Ballroom AB Wednesday, April 20, 2016, 5:00 p .m . – 6:15 p .m .

A New National Housing Policy Pennsylvania Convention Center, Ballroom AB Thursday, April 21, 2016, 8:00 a .m . – 9:00 a .m .

The Signal and the Noise: What to Expect in 2016 Pennsylvania Convention Center, Ballroom AB Thursday, April 21, 2016, 5:00 p .m . – 6:15 p .m .

FINANCE

Small-Scale Development Deals: Perspectives from the Capital Sources Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .

Reaching for the Future: Development Examples and Tools for Successful Public/Private Partnerships Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .

Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’16, ’17, and ’18 Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .

LEADERSHIP

Making It in Real Estate: Buying It Right Pennsylvania Convention Center, Room 204-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .

Generations of Change: Managing Ideas and Styles between Generational Leaders Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .

PHILADELPHIA STORY

The Navy Yard: A Campus Built for Business Growth Pennsylvania Convention Center, Room 201-C Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

Can You Name This Place? (Hint: It’s Philadelphia) Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .

Innovation Nation in West Philadelphia: Eds-and-Meds Creating Technology and Community Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .

Building upon a City of Neighborhoods: Achieving and Sustaining Great Neighborhoods Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .

Philadelphia: A Modern Renaissance City Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .

PRODUCT AND MARKET TRENDS

From Malibu to Main Street: Pop-Up Retail and Other Innovative Retail Concepts Pennsylvania Convention Center, Room 203-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .

Crowdfunding: Reality Test Drive Pennsylvania Convention Center, Room 204-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

Mine-Yours-Ours: The Development Opportunities in Shared Space Pennsylvania Convention Center, Room 204-C Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

New Approaches to Bringing Healthy Food to Underserved Places Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .

Trends in Transportation and Real Estate Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .

PROGRAM FOCUSPROGRAM FOCUS

16 2016 ULI Spring Meeting

PRODUCT AND MARKET TRENDS

Innovations in Housing Design and Development Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .

Next Stop, the Suburbs: What Is a Suburb? Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .

REAL DEALS

New Residential and MPC Models That Ensure Success Pennsylvania Convention Center, Room 201-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .

Reclaiming the Waterfront Pennsylvania Convention Center, Room 202-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .

Developing Multifamily Rentals (Really?) Pennsylvania Convention Center, Room 201-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

Where’s the Next Emerging Urban District? (And What Do You Do When You Get There?) Pennsylvania Convention Center, Room 202-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

REAL ESTATE INNOVATION

Instant Gratification and the Real Estate Industry Pennsylvania Convention Center, Room 204-C Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .

The Future of Ownership Pennsylvania Convention Center, Room 203-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .

PROGRAM FOCUS

Proud Silver Sponsorof the ULI Spring

Meeting

URBAN LAND INSTITUTE

We are honoredto have you in

Philadelphia

1919 Market is Philadelphia’s new premier rental residence. Standing 28 stories high and featuring 321 apartment units, the newest addition to Market Street is filled with modern amenities and exceptional views of the city.

ULI Spring 2016.indd 3 3/1/2016 5:11:27 PM

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WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20

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CONCURRENT SESSIONS

2:00 p .m . – 3:00 p .m .

New Residential and MPC Models That Ensure Success Pennsylvania Convention Center, Room 201-AB

A room full of experts will share their most innovative thinking on evolving business models for the acquisition, development, and funding of master-planned communities (MPCs) . This session will provide the audience with opportunities to interact in a fast-paced, “give and take” dialogue on changing housing demand, new design concepts, the amenity package of the future, creating multiuse projects, and total-concept communities with housing, jobs, schools, and retail upfront . Capital markets also will be explored, including the feasibility of using equity, debt, and public financing to pay for initial infrastructure for large-scale land development projects .

ModeratorGadi Kaufmann Managing Director and CEO, RCLCO

Discussion LeadersGregory S. Bielli President and CEO, Tejon Ranch Company

Kathleen B. Cecilian CEO, Cecilian Worldwide LLC

Tony D. Green Managing Partner, The Pinehills

Sponsored by

OPENING GENERAL SESSION

12:45 p .m . – 1:45 p .m .

Espousing Client, Crew, and Community in Today’s Global Marketplace Pennsylvania Convention Center, Ballroom AB

Join us as William McNabb shares with us his thoughts on the current lending environment, leading in changing times, and why he has chosen to stay in Philadelphia .

Keynote SpeakerF. William McNabb III Chairman and CEO, Vanguard

InterviewerWilliam Ferguson Chairman and CEO, Ferguson Partners Ltd .

Introduced byAntonio Filo Silva Founding Principal, SITIO architecture + urbanism

Sponsored by

NETWORKING BREAK

1:45 p .m . – 2:00 p .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

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CONCURRENT SESSIONS

2:00 p .m . – 3:00 p .m .

Reclaiming the Waterfront Pennsylvania Convention Center, Room 202-AB

Philadelphia and many other U .S . cities developed industrial areas along the seashore . Hear how Philly and other municipalities have been able to reclaim some of these waterfront areas, creating great places to live, work, and play . Hear what developers and public entities went through, including the land use change process, and how the market responded . Projects will include Waterside on the Delaware River; Edge-on-Hudson; Tarrytown, New York; and the Queen Mary in Long Beach, California .

ModeratorToni Alexander President and Creative Director, InterCommunications Inc .

Discussion LeadersGonzalo Echeverria Senior Associate, Urban Designer and Planner, LRK Inc .

A. James Tinson CEO, Hart Howerton

Steven R. Upchurch Principal and Hospitality Practice Area Leader, Gensler

Sponsored by

CONCURRENT SESSIONS

2:00 p .m . – 3:00 p .m .

Making It in Real Estate: Buying It Right Pennsylvania Convention Center, Room 204-AB

Intended for the freshly minted entrepreneur, this quick-paced program will tell you what properties to look for (rule number one: start with a motivated seller), how to negotiate the best possible deal, and how to underwrite that property for success . The panelists will share hard-learned lessons—e .g ., you often get the best deal when signing the most onerous contract—a few of their failures, and perhaps a success or two .

Discussion LeadersRobert E. Hughes Jr. President, Hughes Development Corporation

John E. McNellis Principal, McNellis Partners LLC

Sponsored by

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WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20

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CONCURRENT SESSIONS

2:00 p .m . – 3:00 p .m .

From Malibu to Main Street: Pop-Up Retail and Other Innovative Retail Concepts Pennsylvania Convention Center, Room 203-AB

The retail world is a hotbed of innovation as “bricks and mortar” retail is finding creative ways to attract consumers and compete with online shopping . Owners, retailers, and manufacturers are all experimenting with new, exciting retail concepts as they navigate changing demographics and the impact of social media and online shopping . Even established brands are pushing boundaries in order to stay relevant . This panel will explore new ideas for pop-up stores, experiential shopping, and brand expansion from the point of view of mall owners, high and low brands, and manufacturers .

ModeratorKelsey Scroggins Groome Managing Director, Marvin Traub Associates

Discussion LeadersJulien Pearl Senior Director, Global Real Estate Operations, Gap Inc .

Greg Spielberg Managing Director, We Are Pop Up

Phillip St. Pierre Senior General Manager, Seaport District, Howard Hughes Corporation

Sponsored by

CONCURRENT SESSIONS

2:00 p .m . – 3:00 p .m .

Instant Gratification and the Real Estate Industry Pennsylvania Convention Center, Room 204-C

On-demand goods and services are all the rage . Everything from wine to paper towels to a rented evening gown are just a phone call or a click away and can be delivered either by person or drone . An apartment is instantly transformed into a hotel room and a personal driver is just minutes away . Join us as a panel of developers and practitioners in the residential, hospitality, transportation, and commercial sectors of the real estate industry discuss how they are responding to and preparing for this contemporary phenomenon .

ModeratorsMichael Horst Retired, Urban Land Institute

Sandra Kulli President, Kulli Marketing

Discussion LeadersClare DeBriere Executive Vice President and COO, the Ratkovich Company

Matt Curtis Director of Government Relations, HomeAway

Kyle Ladewig Senior Manager, Commercial Division, Ten-X

Julian MannSponsored by

NETWORKING BREAK

3:00 p .m . – 3:30 p .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

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CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

Developing Multifamily Rentals (Really?) Pennsylvania Convention Center, Room 201-AB

An institutional equity investor will share where the market is going and two regional developers will share their experience on recently completed projects and projects in underwriting . If you are developing multifamily rental housing, don’t miss this panel focused on real deals and real numbers .

ModeratorJohn J. Healy Jr. Principal, Hyde Street Holdings LLC

Discussion LeadersToby Bozzuto Jr. President and CEO, the Bozzuto Group

Paul Keller Principal, Mack Urban

Damian Manolis Managing Director, Prudential Real Estate Investors

Sponsored by

CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

Where’s the Next Emerging Urban District? (And What Do You Do When You Get There?) Pennsylvania Convention Center, Room 202-AB

With the reemergence of cities across the United States, there has been intense focus on overlooked, forgotten, and underinvested neighborhoods . These districts are growing at a fast pace . In particular, old industrial zones have received intense interest from mixed-use developers for retail, office, and residential development . Why do certain neighborhoods emerge out of seemingly nowhere? How do you find the next one? Is there a common thread or secret sense in identifying and executing a project in one of these districts? Is it the existing building stock, proximity to transit, or jobs? Is local governmental planning important, or does it just happen by serendipity? This panel will explore these issues and discuss in detail projects that work or don’t work in emerging urban districts . If you want to know where to look for and how to execute your next project in an emerging urban district, don’t miss this panel .

ModeratorChristopher B. Leinberger President, Locus: Responsible Real Estate Developers and Investors and Nonresident Senior Fellow, Brookings Institution

Discussion LeadersPeter B. Calkins Executive Vice President and COO, Forest City Enterprises Inc .

Jodie W. McLean CEO, EDENS

Sponsored by

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CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

Crowdfunding: Reality Test Drive Pennsylvania Convention Center, Room 204-AB

Crowdfunding is promoted as the new way to bring equity to projects through online platforms, offering project sponsors the opportunity to attract well-priced capital from individuals looking to invest in real estate . In this lively session, we’ll go from concept to reality as we examine three leading crowdfunding platforms—with a real project analysis for each—to see how they stack up to each other and to traditional “friends and family” equity models .

ModeratorMartin S. Burger CEO, Silverstein Properties

Discussion LeadersNavjot Athwal Founder and CEO, RealtyShares

King Davidson Senior Vice President, Real Estate, Fundrise

Darren Powderly Cofounder, CrowdStreet Inc .

CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

Mine-Yours-Ours: The Development Opportunities in Shared Space Pennsylvania Convention Center, Room 204-C

Cohousing, WeLive, Zipcar, Eataly, micro units, crowdsourcing . From the millennials to the boomers, consumers are seeking more ways to share the environments they occupy . In a highly interactive format, hear from developers who are finding new opportunities in the sharing economy .

ModeratorsMichael Horst Retired, Urban Land Institute

Howard Kozloff Managing Partner, Agora Partners

Discussion LeadersScott Blew CEO, H .ME

Colleen Carey President and Founder, the Cornerstone Group

Marja Preston Consultant, Oranje LLC

Lance Robbins Principal, Manager, and CEO, Urban Smart Growth

Jamison Weinbaum COO, Ditto Residential

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CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

The Navy Yard: A Campus Built for Business Growth Pennsylvania Convention Center, Room 201-C

The Navy Yard is a 1,200-acre thriving waterfront campus, with 7 .5 million square feet of real estate in a mix of historic buildings and new high-performance and LEED-certified construction oriented around world-class parks . As one of the nation’s most successful military base adaptive use projects, the Navy Yard has reemerged as a diversified regional center of employment, home to large companies such as Urban Outfitters Inc . and GlaxoSmithKline, in addition to startups . This panel will include designers, developers, and investors involved in charting a course for the Navy Yard’s future, which includes plans for residential development and a subway extension, as well as doubling the current employment .

ModeratorPrema Katari Gupta Senior Vice President, Navy Yard Planning and Real Estate Development Philadelphia Industrial Development Corporation

Discussion LeadersRay Milora Head, Design and Change Management, GlaxoSmithKline

Mark Seltzer Vice President, Leasing and Development, Liberty Property Trust

Joshua Stowers Principal and Architect, MSR

NETWORKING BREAK

4:30 p .m . – 5:00 p .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

CONCURRENT SESSIONS

3:30 p .m . – 4:30 p .m .

The Future of Ownership Pennsylvania Convention Center, Room 203-AB

We live in a consumer-driven economy, yet changes in attitudes toward “ownership” can have profound impacts on real estate . The economic downturn taught consumers a lesson in doing more with less—savings rates are up and “sharing” is in . Is this a structural or a cyclical change? Technology has made all things accessible that used to require storefronts (Amazon), office space (WeWork), hotels (Airbnb), and personal vehicles (Uber) . In a business like real estate, which is time- and capital-intensive, how will future opportunities be affected? Join J . Walker Smith, executive chairman of the Futures Company, to learn where consumer preferences and new notions of how to define ownership, excess capacity, and shared services could drive our business .

ModeratorPatrick L. Phillips Global CEO, Urban Land Institute

Discussion LeaderJ. Walker Smith Executive Chairman, the Futures Company

Sponsored by

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THURSDAY, APRIL 21

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WEDNESDAY, APRIL 20

GENERAL SESSION

5:00 p .m . – 6:15 p .m .

Capital Markets: Where Are We Now and Where Are We Going? Pennsylvania Convention Center, Ballroom AB

Hear from users and providers of capital and what they believe are the current trends and the future for the industry

ModeratorConstance Moore President and Chief Executive Officer, BRE Properties

Discussion LeadersGreta Guggenheim Chief Executive Officer, TPG Real Estate Finance Trust

William P. Hankowsky Chairman, President, and Chief Executive Officer Liberty Property Trust

Gerard H. Sweeney President, Chief Executive Officer, and Trustee Brandywine Realty Trust

Introduced byJohn Gattuso Senior Vice President and Regional Director Metro Region Liberty Property Trust

Sponsored by

GENERAL SESSION

8:00 a .m . – 9:00 a .m .

A New National Housing Policy Pennsylvania Convention Center, Ballroom AB

Housing affordability challenges are affecting more households and communities than ever before . The implications are profound—for families facing unsustainable costs, for communities confronting shortages of needed workers, and for developers dealing with increased local mandates to help alleviate the problem . Ron Terwilliger, the chairman of the ULI Terwilliger Center for Housing, will lead a panel discussion of ULI members and others who are leading innovative new responses to meet housing needs through private sector solutions and the necessary elements of a more balanced and effective national housing policy .

ModeratorRon Terwilliger Chairman, ULI Terwilliger Center for Housing, and Chairman, Terwilliger–Pappas Multifamily Properties

Discussion LeadersThe Honorable Scott Brown Former U .S . Senator, State of Massachusetts

Daryl Carter Chairman and CEO, Avanath Capital Management

Renee Glover Founder and Managing Member, the Catalyst Group LLC

The Honorable Martin O’Malley Former Governor, State of Maryland, and Former Mayor City of Baltimore

Introduced byChris Terlizzi Senior Vice President and Regional Manager for Commercial Real Estate Lending, First Niagara

Sponsored by

NETWORKING BREAK

9:00 a .m . – 9:30 a .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

34 352016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

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CONCURRENT SESSIONS

9:30 a .m . – 10:45 a .m .

New Approaches to Bringing Healthy Food to Underserved Places Pennsylvania Convention Center, Room 203-AB

A growing interest in and awareness of fresh, local food is spurring innovation in food and real estate practice, and Philadelphia is a leader in crafting approaches that are bringing healthy food to new markets (including those who have lacked access) and connecting these investments with efforts to shape cooking habits and healthy behaviors . What is happening in Philadelphia and beyond, and what do these solutions mean for real estate?

ModeratorMaya Brennan Vice President, Terwilliger Center for Housing, Urban Land Institute

Discussion LeadersKelly Herrenkohl COO, Vetri Community Partnership

Yael Lehmann President, the Food Trust

Donna Leuchten Nuccio Director of Healthy Food Access, Reinvestment Fund

CONCURRENT SESSIONS

9:30 a .m . – 10:45 a .m .

Small-Scale Development Deals: Perspectives from the Capital Sources Pennsylvania Convention Center, Room 204-AB

Raising capital can be especially tough for the small-scale developer . This unique and informative session will break down a small-scale deal and reveal how different capital sources assess the same opportunity, what gets their attention, and what makes or breaks the funding decision .

ModeratorHoward Kozloff Managing Partner, Agora Partners

Discussion LeadersAndrew Benioff Founder and Managing Partner, Llenrock Group

June Munshi Managing Partner, the CenterCap Group LLC

Daniel Palmier CEO, UC Funds

Gabriele A. Pozo Principal, Advalurem Group

John Prisk Managing Partner, Brass Castle Partners

Sponsored by

36 372016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

PROG

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CONCURRENT SESSIONS

11:15 a .m . – 12:30 p .m .

Reaching for the Future: Development Examples and Tools for Successful Public/Private Partnerships Pennsylvania Convention Center, Room 204-AB

Some cities are breaking the rules; exuding an appetite for risk, vision, and leadership; forming great partnerships; and shaping their communities for the 21st century . As traditional sources of funding and the real estate markets have changed, entrepreneurial public and private leaders are figuring out how to move their communities forward . This session will be based on a new ULI publication about creative financing focused on smaller communities and suburbs . The session will include several speakers whose developments are highlighted in the report, and they will engage in an interactive discussion with the audience about their developments, dilemmas to success, and possible solutions .

ModeratorThomas Murphy Senior Resident Fellow, Joseph C . Canizaro/Klingbeil Family Chair for Urban Development, Urban Land Institute, and Former Mayor City of Pittsburgh

PresenterMaureen McAvey Senior Resident Fellow, Bucksbaum Family Chair for Retail Urban Land Institute

Discussion LeadersJohn Callahan Former Mayor, City of Bethlehem, Pennsylvania, and Director of Business Development, Florio Perrucci Steinhardt & Fader LLP

Anastasia Mileham Vice President, Marketing and Communications 3CDC–Cincinnati Center City Development Corporation

Stephen P. Navarro Executive Vice President, CBRE

Sponsored by

CONCURRENT SESSIONS

9:30 a .m . – 10:45 a .m .

Can You Name This Place? (Hint: It’s Philadelphia) Pennsylvania Convention Center, Room 202-AB

What city attracted the highest percentage of millennials over the last five years of any major American city? What city has the second-largest downtown residential population in the country? What city was just named the only World Heritage City located in the United States? Philadelphia today is attracting development and major institutional investment of unprecedented proportions, with more than 200 major projects totaling over $11 .4 billion recently completed, underway, and planned . The city is experiencing population growth for the first time in decades and is becoming a favored place to live, work, and play . What are the key drivers that are energizing the city’s transformation and how can Philadelphia sustain this momentum into the future?

Moderator Peter Angelides Senior Vice President and Principal, Econsult Solutions Inc .

Discussion LeadersAnne Fadullon Director of Planning and Development, City of Philadelphia

Daniel Killinger Managing Director, National Real Estate Development

Joe Ritchie Vice President, Development, Brandywine Realty Trust

Dave Ziel Chief Development Officer, Urban Outfitters

Sponsored by

NETWORKING BREAK

10:45 a .m . – 11:15 a .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

38 392016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

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CONCURRENT SESSIONS

11:15 a .m . – 12:30 p .m .

Innovation Nation in West Philadelphia: Eds-and-Meds Creating Technology and Community Pennsylvania Convention Center, Room 202-AB

Over the last 70 years, education, medical, and supporting institutions in west Philadelphia’s University City have invested billions of dollars in new construction and infrastructure to support science, medicine, and education . This infrastructure has created a community that continues to generate and support startup and established enterprises—and create employment opportunities . Learn more about how these eds-and-meds drive an economic engine that helps power the region, all in the context of a rejuvenated west Philadelphia neighborhood .

ModeratorCraig Schelter Principal, Schelter and Associates

Discussion LeadersCraig R. Carnaroli Executive Vice President, University of Pennsylvania

Keith Orris Senior Vice President, Corporate Relations and Economic Development, Drexel University

Joseph Reagan Jr. Vice President, Development, Wexford Science & Technology

Stephen S. Tang CEO and President, University City Science Center

Sponsored by

NETWORKING LUNCH

12:30 p .m . – 1:30 p .m .Pennsylvania Convention Center, Ballroom AB

Sponsored by

CONCURRENT SESSIONS

11:15 a .m . – 12:30 p .m .

Trends in Transportation and Real Estate Pennsylvania Convention Center, Room 203-AB

Bicycling, bus rapid transit, urban trolleys, and driverless cars all promise to reshape the real estate landscape . Learn how new developments in transportation infrastructure and technology are spawning new types of development . See examples of bicycle-friendly and “car-lite” design and learn how developers are capitalizing on changing patterns of transportation and urban mobility .

ModeratorEdward T. McMahon Senior Resident Fellow, Charles E . Fraser Chair for Sustainable Development, Urban Land Institute

Discussion LeadersRoswell “RJ” Eldridge Chief Operating Officer, Toole Design Group

Tim Frisbie Communications and Policy Director, Shared-Use Mobility Center

Tadd M. Miller Chief Executive Officer, Milhaus

Sponsored by

40 412016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

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CONCURRENT SESSIONS

1:30 p .m . – 2:45 p .m .

Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’16, ’17, and ’18 Pennsylvania Convention Center, Room 204-AB

The semiannual ULI Real Estate Consensus Forecast, a survey of leading industry experts, was just released . Where do the experts agree or disagree? Why? How have forecasts changed from six months ago? Will 2017 be the turning point for the industry that everyone is talking about? Or will it be 2018? What is the current thinking on the impact on real estate of the shifting interest-rate environment, global capital, and growth outside the major markets? Hear a lively debate between participating survey experts as they explain or defend their views . Ask questions or challenge consensus about what lies ahead for the real estate industry in 2016 and beyond .

ModeratorDouglas M. Poutasse Executive Vice President, Bentall Kennedy

Discussion LeadersAnthony Charles Executive Director, Morgan Stanley Real Estate Investing

Suzanne Mulvee Director, CoStar Group

Tim Wang Director and Head of Research, Clarion Partners

Sponsored by

CONCURRENT SESSIONS

1:30 p .m . – 2:45 p .m .

Innovations in Housing Design and Development Pennsylvania Convention Center, Room 203-AB

Architects and builders are finding new ways to differentiate new product in the residential market . From technology-driven amenity packages to creative uses of common and open space, the new wave of residential development is coming to both suburban and urban markets . Marketing is ever more segmented and specialized as well . Hear from some of the leaders in single-family and apartment development about what consumers want and will want in the future and how to deliver it .

ModeratorDaniel P. Gehman Studio Director, Humphreys & Partners Architects, LP

Discussion LeadersKermit Baker Senior Research Fellow, Joint Center for Housing Studies, Harvard University, and Project Director, Remodeling Futures Program

Kirk Goodrich Director of Development, Monadnock Construction

Linda Mamet Vice President of Corporate Marketing, TRI Pointe Group

Sponsored by

42 432016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

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CONCURRENT SESSIONS

3:15 p .m . – 4:30 p .m .

Generations of Change: Managing Ideas and Styles between Generational Leaders Pennsylvania Convention Center, Room 204-AB

With leadership transition comes change and sometimes conflict . Succeeding generations often have different management styles and visions of what they perceive the market is demanding or the direction a company should go . Join us as we have a discussion with several multigenerational enterprises highlighting transformative experiences within family firms that have successfully integrated future generations and evolving best practices, strengthening their business for generations to follow .

ModeratorJoseph B. Rubin Partner and Principal, Ernst & Young

Discussion LeadersBryant F. Foulger Managing Principal, Foulger-Pratt

Cameron Pratt Chief Executive Officer, Foulger-Pratt

Hasu P. Shah Chairman, Hersha Hospitality Trust

Neil H. Shah President and Chief Operating Officer, Hersha Hospitality Trust

Sponsored by

CONCURRENT SESSIONS

1:30 p .m . – 2:45 p .m .

Building upon a City of Neighborhoods: Achieving and Sustaining Great Neighborhoods Pennsylvania Convention Center, Room 202-AB

Philadelphia is famously known as a city of neighborhoods of diverse size and character . But the best ones share qualities of scale, density, and access to amenities that make Philadelphia one of America’s most walkable cities . This, in turn, has helped make it increasingly attractive to new residents, particularly millennials and baby boomers . This panel discussion will focus on reenergized Center City neighborhoods such as Brewerytown and Old City, and how developers and citizens are working through challenges and opportunities to preserve and rebuild them .

ModeratorStephen P. Mullin President, E Consult Solutions Inc .

Discussion LeadersPatricia Blakely Executive Director, the Merchants Fund

Craig Grossman General Partner, Arts + Crafts Holdings

David Waxman Founder and Managing Partner, MMPartners

Sponsored by

NETWORKING BREAK

2:45 p .m . – 3:15 p .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

44 452016 ULI Spring Meeting #ULISpring

THURSDAY, APRIL 21 THURSDAY, APRIL 21

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CONCURRENT SESSIONS

3:15 p .m . – 4:30 p .m .

Next Stop, the Suburbs: What Is a Suburb? Pennsylvania Convention Center, Room 203-AB

As suburbs continue to evolve into economic hubs around office/industrial parks and shopping malls, they continue to attract a large population of millennials whose presence redefines these areas to mirror the best attributes of established core cities . New zoning, permitting higher-density development, combined with adaptive use of obsolete buildings including enclosed malls, light-rail connectivity, pedestrian-friendly mixed-use clusters, and the integration of cultural, educational, and entertainment amenities, is combining to create “not your father’s suburb .” Why are these more successful in some areas like Tysons Corner, Virginia, and King of Prussia, Pennsylvania, while others like the Jamestown Mall in St . Louis, Missouri, and the Eastland Mall in Charlotte, North Carolina, continue to struggle?

ModeratorAdam F. Ducker Managing Director, RCLCO

Discussion LeaderEric Goldstein Executive Director, King of Prussia District

Tyler Niess Chief Marketing Officer, Crescent Communities

Justin B. Schor Principal, Wells + Associates

Sponsored by

CONCURRENT SESSIONS

3:15 p .m . – 4:30 p .m .

Philadelphia: A Modern Renaissance City Pennsylvania Convention Center, Room 202-AB

Situated between two rivers with 327 outdoor cafés, 409 arts and cultural institutions, 3,217 retail stores, and 458 full-service restaurants, this city, with its historic buildings, parks, and walkable downtown, is experiencing an old world meeting new and cutting edge . Philadelphia ranks highly year after year when it comes to arts’ and culture’s contribution to the economy . From Dilworth Park, the Porch at 30th Street, to the Avenue of the Arts, Philadelphia is thriving from all of its arts and culture . How can neighborhoods reap the benefits? Hear from local developers and organizations that have effected this change .

ModeratorLyz Crane Deputy Director, ArtPlace America

Discussion LeadersJulia Dranoff Gutstadt Chief Investment Officer, Dranoff Properties

Kathryn Ott Lovell Commissioner, Philadelphia Parks and Recreation

Ken Weinstein President, Philly Office Retail, LLC

Sponsored by

NETWORKING BREAK

4:30 p .m . – 5:00 p .m .Pennsylvania Convention Center, Grand Hall

Sponsored by

46 2016 ULI Spring Meeting

THURSDAY, APRIL 21

CLOSING GENERAL SESSION

5:00 p .m . – 6:15 p .m .

The Signal and the Noise: What to Expect in 2016 Pennsylvania Convention Center, Ballroom AB

Nate Silver has become today’s leading statistician through his innovative analyses of political polling . He first gained national attention during the 2008 presidential election, when he correctly predicted the results of the primaries and the presidential winner in 49 states . In 2012, he called 50 of 50 states .

Come hear what Silver is predicting for the 2016 elections and so much more .

Keynote SpeakerNate Silver Founder, FiveThirtyEight .com Author, The Signal and the Noise

Introduced byJohn Eudy Executive Vice President and Chief Investment Officer Essex Property Trust Inc .

Sponsored by

www.ballardspahr.com

Ballard Spahr welcomes ULI to the City of Brotherly Love.

Helping to Build the NationSince 1885

49#ULISpring

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TUESDAY, APRIL 19

COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.

7:30 a .m . – 10:00 a .m . ULI Awards Jury Pennsylvania Convention Center Room 106-B

7:30 a .m . – 5:30 p .m . Rose Center for Public Leadership in Land Use Fellows Retreat Loews Philadelphia 1200 Market Street

8:00 a .m . – 9:00 a .m . ULI Audit Committee Pennsylvania Convention Center Room 106-A

9:00 a .m . – 11:00 a .m . ULI Investment Committee Pennsylvania Convention Center Room 106-A

9:30 a .m . – 11:30 a .m . ULI J.C. Nichols Prize for Visionaries in Urban Development Management Committee Pennsylvania Convention Center Room 104-B

11:00 a .m . – 2:00 p .m . ULI Foundation Board of Directors Pennsylvania Convention Center Room 105-AB

12:00 p .m . – 4:00 p .m . ULI’s Annual Carolyn and Preston Butcher Forum on Multifamily Housing Union League Club 140 South Broad Street

1:00 p .m . – 4:00 p .m . UrbanPlan Workshop Pennsylvania Convention Center Room 104-A

2:00 p .m . – 3:30 p .m . ULI Women’s Leadership Initiative (WLI) Steering Committee Pennsylvania Convention Center Room 113-A

2:00 p .m . – 5:30 p .m . ULI Board of Directors Pennsylvania Convention Center Room 107-AB

2:00 p .m . – 6:00 p .m . Large Landowners Forum Pennsylvania Convention Center Room 108-B

3:00 p .m . – 4:30 p .m . Advisory Services—Panel Guidance Session Pennsylvania Convention Center Room 106-B

50 512016 ULI Spring Meeting #ULISpring

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WEDNESDAY, APRIL 20

COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.

2:00 p .m .–3:30 p .m . Real Estate 2030: A Program for Young Leaders Pennsylvania Convention Center Room 105-AB

2:00 p .m . – 3:30 p .m . Rose Center Mayors’ Forum Pennsylvania Convention Center Room 123

2:00 p .m . – 5:00 p .m . PDIC/NCPPP Experts Roundtable on Federal Public/Private Partnerships Pennsylvania Convention Center Room 115-C

2:45 p .m . – 3:30 p .m . District Council Leadership and Staff Meeting Pennsylvania Convention Center Room 122-B

3:00 p .m . – 5:00 p .m . ULI NEXT Global Members-Only Event Pennsylvania Convention Center Room 113-A

3:30 p .m . – 4:30 p .m . Americas Executive Committee Pennsylvania Convention Center Room 107-B

3:30 p .m . – 4:30 p .m . District/National Councils Governance Chairs Pennsylvania Convention Center Room 125

3:30 p .m . – 4:45 p .m . District/National Councils Chairs for Mission Advancement Pennsylvania Convention Center Room 124

THURSDAY, APRIL 217:00 a .m . – 9:00 a .m . Operating Committee

Pennsylvania Convention Center Room 107-B

8:15 a .m . – 3:00 p .m . Lifestyle Residential Development Council Formation (LRDC) Meeting Willow Valley Living 100 Willow Lakes Drive Transportation from Pennsylvania Convention Center at 8:15 a.m.

2:00 p .m . – 3:00 p .m . Global Strategy Committee Pennsylvania Convention Center Room 107-B

WEDNESDAY, APRIL 20

COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.

7:30 a .m . – 9:30 a .m . ULI Terwilliger Center for Housing National Advisory Board Pennsylvania Convention Center Room 102-AB

8:00 a .m . – 9:30 a .m . Women’s Leadership Initiative (WLI)/Larson Leadership Initiative Leadership Summit Pennsylvania Convention Center Room 118-BC

Talking About My Generation: What Can Each Generation Learn from Each Other on Diversity and Inclusiveness in the Workplace? An intergenerational panel will compare their experiences, focusing on the tools they employed individually, as well as the organizational infrastructures in place, that helped them reach their goals .

Sponsored by

8:00 a .m . – 11:30 a .m . End User’s Formation Meeting Pennsylvania Convention Center Room 122-A

8:00 a .m . – 12:00 p .m . Real Estate Technology Forum Pennsylvania Convention Center Room 112-AB

8:30 a .m . – 10:00 a .m . Center for Sustainability Advisory Board Pennsylvania Convention Center Room 104-A

9:30 a .m . – 12:30 p .m . ULI Trustees Philadelphia Marriott, Salon E ULI Trustees are invited to network pre-meeting at 9:30 a.m.

12:00 p .m . – 3:15 p .m . Council Leadership Training The Pyramid Club (William Penn and Franklin Rooms) 1735 Market Street, 52nd Floor

12:00 p .m . – 4:00 p .m . Real Estate Research Forum Pennsylvania Convention Center Room 106-B

52 2016 ULI Spring Meeting

THE NORWOOD COMPANYConstruction Managers | Design Builders375 Technology Drive Malvern, PA 19355 610-240-4400 | www.NorwoodCo.com

Builders Since 1975THURSDAY, APRIL 21

COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.

3:00 p .m . – 4:00 p .m . Trustee Nominations Committee and Governance & Nominating Committee Pennsylvania Convention Center Room 106-B

4:00 p .m . – 5:00 p .m . Past Chairs Advisory Group Pennsylvania Convention Center Room 107-A

54 552016 ULI Spring Meeting #ULISpring

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WEDNESDAY, APRIL 20

COUNCIL RECEPTIONS & DINNERS (Council members only)

See Council agenda for specific times .

Affordable Workforce Housing The Olde Bar, 125 Walnut Street

Community Development Union League of Philadelphia (Grant Room), 140 South Broad Street

Commercial & Retail Development Distrito, 3945 Chestnut Street

Entertainment Development Tredici Enoteca, 114 South 13th Street

Global Exchange R2L Restaurant (Pinnacle Room), 50 South 16th Street

Health Care & Life Sciences Volvér, 300 South Broad Street

Hotel Development The Home of Craig Spencer, 26 Old Gulph Road

Industrial & Office Park Development College of Physicians, Mutter Museum, 19 South 22nd Street

Multifamily Pennsylvania Academy of Fine Arts (Annenberg Gallery) 128 North Broad Street

Office Development Le Meridien (Abele Library), 1421 Arch Street

Public Development & Infrastructure Union League of Philadelphia (McMichael Room) 140 South Broad Street

Public/Private Partnership La Peg, 140 North Christopher Columbus Boulevard

Recreational Development Davios, 111 South 17th Street

Redevelopment and Reuse Divine Lorraine Hotel, 858 Broad Street

Residential Neighborhood Development Water Works, 640 Waterworks Drive

Responsible Property Investment Barbuzzo, 110 South 13th Street

WEDNESDAY, APRIL 20

COUNCIL RECEPTIONS & DINNERS (Council members only)

See Council agenda for specific times .

Senior Housing Sampan, 124 South 13th Street

Small-Scale Development The Racquet Club of Philadelphia, 215 South 16th Street

Student Housing Zavino, 3200 Chestnut Street

Sustainable Development White Dog Café, 3420 Sansom Street

Transit-Oriented Development Davios (the Director’s Room), 111 South 17th Street

University Development and Innovation Alma de Cuba, 1623 Walnut Street, 3rd Floor

Urban Development/Mixed-Use (Blue) XIX (The Hyatt Bellvue), 1415 Chancellor Court, 19th Floor

Urban Development/Mixed-Use (Bronze) Garces Trading Company, 1111 Locust Street

Urban Development/Mixed-Use (Gold) Phillies vs. Mets, Citizens Bank Park (Suites 78 and 79) 1 Citizens Bank Way

Urban Development/Mixed-Use (Green) Sbraga, 440 South Broad Street

Urban Development/Mixed-Use (Purple) Estia, 1405 Locust Street

Urban Development/Mixed-Use (Red) The Barnes Foundation, 2025 Benjamin Franklin Parkway

Urban Development/Mixed-Use (Silver) Kimmel Center (The Lounge), 1500 Walnut Street

Urban Revitalization Parc Restaurant, 227 South 18th Street

56 572016 ULI Spring Meeting #ULISpring

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THURSDAY, APRIL 21

COUNCIL MEETINGS(Council Members only)

See Council agenda for specific times .

Multifamily Philadelphia Marriott Downtown (Salon E), 1201 Market Street

Office Development Le Meridien Hotel (Trumbauer Ballroom), 1421 Arch Street

Public Development & Infrastructure MacAlister Hall (Skyview Room), 3250-60 Chestnut Street, 6th Floor

Public/Private Partnership (Blue) Philadelphia’s Center for Architecture, 1218 Arch Street

Public/Private Partnership (Gold) Philadelphia Navy Yard, 4747 South Broad Street Bus departs Pennsylvania Convention Center at 7:00 a.m.

Recreational Development Pennsylvania Convention Center, Room 118-BC

Redevelopment and Reuse National Constitution Center (Bogle Chairman’s Room) 525 Arch Street

Residential Neighborhood Development (Blue) Loews Philadelphia (The Howe Room), 1200 Market Street

Residential Neighborhood Development (Gold) Hotel Palomar (Burnham Ballroom), 117 South 17th Street

Responsible Property Investment Oxford Mills, 100 West Oxford Street Bus departs Pennsylvania Convention Center at 7:30 a.m.

Senior Housing Pennsylvania Convention Center, Room 109-AB

Small-Scale Development (Blue) Pennsylvania Convention Center, Room 113-A

Small-Scale Development (Gold) Pennsylvania Convention Center, Room 112-AB

Small-Scale Development (Silver) Pennsylvania Convention Center, Room 111-AB

THURSDAY, APRIL 21

COUNCIL MEETINGS(Council Members only)

See Council agenda for specific times .

Affordable Workforce Housing Union League Club of Philadelphia (Library Lounge) 140 South Broad Street

Community Development (Blue) Racquet Club of Philadelphia (Reading Room & Main Dining Room) 215 South 16th Street

Community Development (Gold) Chemical Heritage Foundation (Ulyout Meeting Hall South) 315 Chestnut Street

Community Development (Green) The Granary Apartments (Community Room/Fireplace Room) 1901 Callowhill Street

Community Development (Silver) Chemical Heritage Foundation (Franklin 1 & 2), 315 Chestnut Street

Commercial & Retail Development Pennsylvania Convention Center, Room 103-AB

Entertainment Development Comcast Center (Room 45KL), 1701 JFK Boulevard

Global Exchange Pennsylvania Convention Center, Room 108-A

Health Care & Life Sciences CHOP, Colket Translational Research Building (Room 1100 A/B) 3501 Civic Center Boulevard, 1st Floor Bus departs Pennsylvania Convention Center at 7:15 a.m.

Hotel Development Ritz-Carlton (Petite Ballroom), 10 Avenue of the Arts

Industrial & Office Park Development (Black) Pennsylvania Convention Center, Room 122-A

Industrial & Office Park Development (Blue) Pennsylvania Convention Center, Room 122-B

Industrial & Office Park Development (Gold) Pennsylvania Convention Center, Room 120-C

Industrial & Office Park Development (Green) Pennsylvania Convention Center, Room 121-B

Industrial & Office Park Development (Red) Pennsylvania Convention Center, Room 121-A

Industrial & Office Park Development (Silver) Pennsylvania Convention Center, Room 121-C

58 2016 ULI Spring Meeting

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THURSDAY, APRIL 21

COUNCIL MEETINGS(Council Members only)

See Council agenda for specific times .

Student Housing R2L Restaurant (William Penn Room) 50 South 16th Street, 37th Floor

Sustainable Development CBEI–Navy Yard, 4960 South 12th Street Meeting starts in the ICON Lab

Transit-Oriented Development Pennsylvania Convention Center, Room 115-C

University Development and Innovation Fisher Fine Arts Building (Room 414) Kleinman Center, 230 South 34th Street, 4th Floor

Urban Development/Mixed-Use (Blue) Pennsylvania Convention Center, Room 120-A

Urban Development/Mixed-Use (Bronze) Philadelphia Museum of Art (Project Room) 2600 Benjamin Franklin Parkway Bus departs Pennsylvania Convention Center at 7:00 a.m.

Urban Development/Mixed-Use (Gold) Pennsylvania Convention Center, Room 120-B

Urban Development/Mixed-Use (Green) Union League Club (McMichael Room), 140 South Broad Street

Urban Development/Mixed-Use (Purple) Loews Philadelphia Hotel (Lescaze Room), 1200 Market Street

Urban Development/Mixed-Use (Red) Pyramid Club, Mellon Bank Tower (William Penn and Franklin Rooms), 1735 Market Street, 52nd Floor

Urban Development/Mixed-Use (Silver) Cushman & Wakefield, 1717 Arch Street, 33rd Floor

Urban Revitalization University City Science Center, Quorum 3711 Market Street, 8th Floor Bus departs Pennsylvania Convention Center at 7:00 a.m.

60 612016 ULI Spring Meeting #ULISpring

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WEDNESDAY, APRIL 20

NETWORKING EVENTS & RECEPTIONS

4:30 p .m . – 5:00 p .m . Product Council/District Council Exchange Program Reception By Invitation Only Pennsylvania Convention Center Room 106-A

6:30 p .m . – 8:30 p .m . District/National Councils Executive Directors and Staff Dinner By Invitation Only Estia (The Lounge), 1405 Locust Street

9:00 p .m . – 11:00 p .m . ULI NEXT Global Reception By Invitation Only Barbuzzo, 1110 South 13th Street

THURSDAY, APRIL 2112:30 p .m . – 1:30 p .m . Networking Lunch

Open to All Attendees Pennsylvania Convention Center Ballroom AB

Sponsored by

6:30 p .m . – 8:00 p .m . Cocktail Reception Open to All Attendees Pennsylvania Convention Center Grand Hall

Sponsored by

TUESDAY, APRIL 19

NETWORKING EVENTS & RECEPTIONS

10:00 a .m . – 4:30 p .m . Building Healthy Places Interest Forum By Invitation Only Paseo Verde

4:00 p .m . – 6:00 p .m . Women’s Leadership Initiative (WLI) Reception Open to All Attendees Barbuzzo, 110 South 13th Street

5:30 p .m . – 9:00 p .m . Council Counselors Dinner By Invitation Only R2L Restaurant, (William Penn Room/Board Room 2), 50 South 16th Street

6:00 p .m . – 7:30 p .m . Kickoff Reception By Invitation Only 1900 Market Street Bus departs from the Pennsylvania Convention Center, 12th Street at Arch Street under the tunnel at 5:15 p.m.

Sponsored by

6:30 p .m . – 8:30 p .m . District/National Councils Chairs, Governance Chairs, and CMAs Dinner By Invitation Only R2L Restaurant (Pinnacle Room) 50 South 16th Street, 37th Floor

7:30 p .m . – 9:30 p .m . ULI Board of Directors and Operating Committee Dinner By Invitation Only Barclay Prime Barclay Building, 237 South 18th Street

WEDNESDAY, APRIL 2010:30 a .m . – 11:30 a .m . Sustainability Networking Break

Open to All Attendees Pennsylvania Convention Center Room 104-A

2:00 p .m . – 3:30 p .m . ULI Foundation Governors Program By Invitation Only Philadelphia Marriott Downtown, Salon E

62 632016 ULI Spring Meeting #ULISpring

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THURSDAY, APRIL 21

NETWORKING EVENTS & RECEPTIONS

7:15 p .m . – 9:45 p .m . ULI Trustees Dinner By Invitation Only The Pennsylvania Academy of the Fine Arts (Samuel Hamilton Building–Rotunda), 128 North Broad Street Second Floor

Sponsored by

TUESDAY, APRIL 19

TOURS

All buses depart from 12th Street near Arch Street under the tunnel . Tour attendees should gather in the Lobby of the Pennsylvania Convention Center East Side . There will be signs directing you to your bus or walking group . Please arrive 15 minutes prior to departure . Comfortable walking shoes are recommended for all tours . All tours will take place rain or shine .

8:00 a .m . – 5:00 p .m . The Other Jersey Shore: Remarkable Public Policies Spur Investment to Rebuild Camden, New Jersey Lunch included Ticket #2

Sponsored by

8:00 a .m . – 5:00 p .m . Philadelphia’s New Development Epicenter: Planning, Partnerships, and Institutional Investment (sold out) Lunch included Ticket #3

Sponsored by

8:30 a .m . – 5:00 p .m . Hot Neighborhoods: Follow the Millennials (sold out) Lunch included Ticket #4

Sponsored by

8:30 a .m . – 4:30 p .m . The Resurgence of the Historic Navy Yard Lunch included Ticket #5

Sponsored by

64 652016 ULI Spring Meeting #ULISpring

WEDNESDAY, APRIL 20

TOURS

8:15 a .m . – 12:00 p .m . Evolutionary Change along North Broad Street: The Gilded Age, Decay, and Renewal Ticket #6

Sponsored by

8:30 a .m . – 12:00 p .m . From City Hall to the Museum of Art: Philadelphia’s Parkway of Culture Ticket #7

Sponsored by

8:45 a .m . – 12:00 p .m . Art Ignites Change: Philadelphia’s Famous Mural Arts Program Ticket #8

Sponsored by

8:45 a .m . – 12:00 p .m . Bikes, Boathouses, and a Boardwalk (sold out) Ticket #9

Sponsored by

8:30 a .m . – 12:00 p .m . Center City Living: From Affordable to Luxury (sold out) Ticket #10

Sponsored by

8:30 a .m . – 12:00 p .m . A Tale of Two Trusts: Changing the West Market Dynamic Ticket #11

Sponsored by

8:15 a .m . – 12:15 p .m . The Resurgence of Retail (and More!) along East Market Street (sold out) Ticket #12

Sponsored by

People to ThankMEETING STRATEGIES AND PROGRAM COMMITTEE CHAIRSAlan C. Billingsley Program Committee Chair, and Principal, Billingsley Investments

Mary K. Ludgin Meeting Strategies Chair, and Managing Director, Heitman

PROGRAM COMMITTEE MEMBERSToni Alexander InterCommunicationsInc

Ron Altoon Altoon Partners Architects

Howard Altshuler EY

Michael Atkins Cormorant Capital

Alisa Brem Edens

Mary Borgia The Borgia Company

Beth Callender Greenhaus

David Doupe Jone Lang LaSalle

Gonzalo Echeverria Looney Ricks Kiss

Stephen Engblom AECOM

Jed Gates Berkshire Group

Richard Gollis The Concord Group LLC

Jay Hailey DLA Piper LLP (U .S .)

Michael Horst Retired

Gregory Hummel Bryan Cave LLP

Monica Jindia Commonwealth Land Title Insurance Company

Neisen Kasdin Akerman Senterfitt

Howard Kozloff Agora Partners

Amy Neches TMG Partners

Debbie Orshefsky Holland and Knight LLP

Richard L. Perlmutter Argo Development Company

Roger Platt U .S . Green Building Council

Wendy A. Rowden Jonathan Rose Companies LLC

Libby Seifel Seifel Consulting

Bob Sharpe Rancho Sahuarita Company

Jeremy Sharpe Rancho Sahuarita Company

Martin Stern U .S . Equities Realty LLC

Susan L. Stupin The Prescott Group LLC

Christophe P. Terlizzi First Niagara Bank

George von Liphart Peninsula Real Estate Capital Advisors

John Walsh TIG Real Estate Services Inc .

66 672016 ULI Spring Meeting #ULISpring

People to ThankSESSION COORDINATORS ULI recognizes the efforts and hard work of all the session coordinators .

Toni AlexanderHoward AltshulerMichael AtkinsAlan BillingsleyMary BorgiaAlisa BremBeth CallenderDavid DoupeGonzalo EcheverriaJed GatesJay HaileyMichael HorstMonica JindiaGadi KaufmannHoward KozloffAnita KramerRachel MacCleeryMaureen McAveyEd McMahonJohn McNellis

Tom MurphyAmy NechesAnne NevinsDebbie OrshefskyRichard PerlmutterPuja PerutoRoger PlattAshley PrimeWendy RowdenBob SharpeJeremy SharpeMichael SklaroffMartin SternMichael SternSusan StupinChristophe TerlizziGeorge von LiphartJohn WalshStockton Williams

TOUR COORDINATORSULI recognizes the efforts and hard work of all the people who made our tours a success .

Andrew D. BushSergio CosciaSara Nasuti DoelgerJulie T. DonofrioKelly Ganczarz EdwardsJoan ElasserDan GalballyNancy GoldenbergPrema Katari GuptaSusanne HansonTrish HarringtonRobert R. Kilroy

Anish KumarDavid MercurisIvy OleshAlan RazakJerry K. RollerMark SeltzerEllen SoloffJayne SpectorJoshua WeingramFrank WisniewskiMatt Wittemann

People to ThankHOST COMMITTEE EXECUTIVE TEAM ULI extends immense gratitude to the Host Committee for their hard work and inspiration . Their vision made the 2016 ULI Spring Meeting a success .

SPRING MEETING COCHAIRSWilliam P. Hankowsky, Chairman, President, and CEO Liberty Property Trust

Gerard H. Sweeney, President and CEO, Brandywine Realty Trust

Marilyn Jordan Taylor, Dean and Paley Professor, University of Pennsylvania School of Design

HOST COMMITTEE COCHAIRS John E. “Jack” Farrell, President and CEO the Norwood Company

Antonio Fiol-Silva, Founding Principal, SITIO architecture + urbanism

TOURS COCHAIRSWilliam J. Fisher, Senior Project Manager, Liberty Property Trust

Richard W. Huffman

SPONSORSHIP COCHAIRSJay Appleton, Project Executive Program Manager, GREYHAWK

Paul Commito, Vice President of Development Brandywine Realty Trust

David M. Ricci, Partner, the Flynn Company

PROGRAM INPUT COCHAIRSGonzalo Echeverria, Senior Associate, Urban Designer, and Planner, Looney Ricks Kiss

Monica Jindia, Vice President of Business Development, Commonwealth Land Title Insurance Company

Christophe P. Terlizzi, Senior Vice President and Regional Manager, First Niagara Bank

MEMBERSHIP COCHAIRSMegan Leinart, National Director of Corporate Development, Propark America

Paul Dominic Toroni, Vice President, Santander Bank

68 692016 ULI Spring Meeting #ULISpring

People to ThankMARKETING COCHAIRSRebecca Devine, Principal, Maven Communications

Jessica Newhouse, Project Manager, Progressive Housing Ventures

VENUESAnthony Naccarato, President, O’Donnell & Naccarato

Jessica Taylor, Director, Villanova School of Business DiLella Center for Real Estate

COMMITTEE MEMBERS AT-LARGE Kenneth P. Balin, Chairman and CEO, AMC Delancey Group Inc .

Marc D. Brookman, Of Counsel, Duane Morris

Joseph F. Coradino, CEO, Pennsylvania Real Estate Investment Trust (PREIT)

Carl E. Dranoff, President and CEO, Dranoff Properties

John Gattuso, Senior Vice President and Regional Director Liberty Property Trust

Christopher M. Hager, Senior Principal and Senior Vice President, Langan Engineering & Environmental Services

ULI PHILADELPHIAULI thanks the members of ULI Philadelphia for their support of the 2016 ULI Spring Meeting .

Antonio Fiol-Silva Founding Principal, SITIO architecture + urbanism Chair, ULI Philadelphia District Council

Susan Baltake Executive Director, ULI Philadelphia

Beshka Kandell Manager, ULI Philadelphia

Natalia Serejko Associate, ULI Philadelphia

People to KnowULI LEADERSHIPRandall K. Rowe, ULI Global Chairman

Patricia Healy, ULI Americas Chairman

Geoffrey Stack, ULI Foundation Chairman

Patrick L. Phillips, Global Chief Executive Officer

Cheryl Cummins, Global Governance Officer

Michael Terseck, Chief Financial Officer/Chief Administrative Officer

ULI MEETINGS Mary Beth Corrigan, Senior Vice President, Convenings

Maria Fiore, Vice President, Program Development

T.J. McCabe, Vice President, Meeting Logistics

Alissa Akins, Senior Associate, Convenings

Carly Bushong, Senior Associate, Convenings

LaKeshia Griggs, Department Coordinator

ULI DEVELOPMENTKathleen B. Carey, President and Chief Executive Officer ULI Foundation

Brandon Sedloff, Senior Vice President, Corporate Relations

Carla Clements, Managing Director, Head of Corporate Development

Emeri Lewkowicz, Senior Associate, Development and ULI Foundation

Irene Katradis, Associate, Development Operations

ULI COUNCILSStephanie Wasser, Senior Vice President, Council Program

Tim Dwyer, Vice President, Council Program

Andrea Schell, Senior Associate, Council Program

70 2016 ULI Spring Meeting

Notes

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16COR190 ULI Spring Meeting ad_4x9.indd 1 3/3/16 8:52 AM

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04.18.16 Spring ULI Program – Capital Markets.indd 1 3/8/16 1:18 PM