Massey Knakal Commercial Real Estate Investment Summitoffice. retail. hotel. notes.

April 26, 2012 New York City Bar Association New York City

GreenPear l presents the 2n d Annual

YOU get all the credit. WE do all the work.

Let GreenPearl Produce Your Next Thought-Leadership Event:

.

•WE help organizations like YOURS - who are not in the event business - put on large thought-

leadership conferences that put you in the forefront of the minds of people YOU want to reach.

• WE execute finely tuned and well-managed events so you can stay focused on what you do

best: growing YOUR business.

•WE contract directly with the vendors and venue and pay for all of the costs ourselves; so

there is no financial risk to YOU.

•WE understand your industry sector and craft events that bring together the best and the

brightest industry leaders in your market, which makes YOU look brilliant

Contact us at (646) 862-6136 or events@greenpearl.com.

Visit us online at www.greenpearl.com.

Title Sponsors Include:CCIM

IREM

Lee & Associates

Massey Knakal

Real Estate Weekly

Schulte Roth and Zabel

TerraCRG

Insert YOUR company name here

Welcome to the MASSEY KNAKAL COMMERCIAL REAL ESTATE INVESTMENT SUMMIT 3

2004 just called to say:“Real Estate is Back!”CAPITALIZE ON THE RECOVERY

As GREENPEARL continues to grow and bring thought-leadership events to commercial real estate professionals,we’d like to say thank you to all of our past attendees,sponsors, and partners. We look forward to seeing youat a future event.

HERE ARE SOME OF THE PROGRAMSYOU CAN LOOK FORWARD TO:

MULTIFAMILY SUMMIT WASHINGTON D.C.

Kellogg Conference Hotel • Washington, D.C. • May 17thCALIFORNIA MULTIFAMILY SUMMIT

Sheraton Gateway Hotel • Los Angeles • June 6thTHE TERRACRG BROOKLYN REAL ESTATE SUMMIT

St. Francis College • Brooklyn • June 14thSCHULTE ROTH AND ZABEL RESCUE CA PITAL FORUM

New York City Bar Association • New York City • October 23rdMASSEY KNAKAL MULITFAMILY SUMMIT

McGraw-Hill Conference Center • New York City • November 14th

Dear colleagues and friends,

It is my pleasure to welcome you to the 2nd Annual Massey Knakal

Commercial Real Estate Investment Summit.

This year, we will delve into the dynamics of the ever changing

marketplace to discuss financing, investment, development, and

specifics of Office, Retail, Hotel property segments, as well as Note

Acquisitions, Private Equity, and Debt Capital for acquisitions and new

development.

We have assembled panels comprised of some of the finest in the

industry, and we are pleased to have Scott Rechler, Chairman & CEO of

RXR Realty, and Mike Fascitelli, CEO of Vornado Realty Trust, as our

keynote speakers. Both of their companies are incredible players

shaping today’s marketplace. RXR is one of the New York Tri-State area’s

leading real estate companies with over $3.5 billion of assets under

management invested in a portfolio of 105 operating properties

encompassing 15.0 million square feet. Vornado owns or controls over

65 million square feet of real estate including 19.2 million square feet in

Midtown Manhattan alone.

Working under the Massey Knakal Territory System™, we recognize that

the NYC commercial real estate market is one that is multifaceted. I

hope we can learn from each other’s expertise to make our unique

market even stronger.

Very Truly Yours,

Paul Massey

Chief Executive Officer, Founding Partner

Massey Knakal Realty Services

NYC's #1 Building Sales Firm

Photos and presentations will be posted online after the event.

www.greenpearl.com/event-archivesAnd, meet past attendees of GreenPearl’s Real Estate Conferences by

following GreenPearl Events on Facebook, LinkedIn, and Twitter.

REGISTER EARLY

With early bird and advance rates, you can save up to $300 off the cost of a single event.

EVENTS ARE CONTINUOUSLY ADDED

Please visit www.greenpearl.com for a full list of programs, updates, and to register.

SPONSORSHIP, SPEAKING AND EVENT INQUIRIES

Please contact events@greenpearl.comor 646-862-9393.

� Principal - Equity Investment� Principal - Debt Placement� Principal - Asset Management� Attorney� Brokerage� Service Provider� Other

Massey Knakal Commercial Real Estate

Investment Summit Breakdown Of Industry Roles

WEDNESDAY, APRIL 25THPark Avenue Tavern | 99 Park Avenue (At 39th Street) | New York, NY

Track B - Evarts RoomRetailMLS.com: The Future of Retail Leasing

Ben Zises, Chief Executive Officer, RETAILMLS.COMSam Zises, Chief Marketing Officer, RETAILMLS.COMJared Epstein, Vice President, AURORA CAPITAL ASSOCIATES

About this workshop:Get a live presentation and product demo from Ben Zises, Founder & CEO of RetailMLS. Launching in a closed beta release in May, RetailMLS is the most comprehensive and user friendly multiple listing service (MLS) dedicated exclusively to the retail real estate market.

Track C - Tweeds RoomTransaction Financing Strategies: Unlocking the Power of a 1031 Exchange

David Gorenberg, Senior Vice President, CITIBANK

About this workshop:Transaction attorneys and building owners considering a sale should attend:• Transactions: Property transactions and the rules of “incidental property”• Benefits: How to maximize tax benefits, plus personal property implications• Restrictions: What not to do in a delayed exchange• Protect Yourself: Effects of Qualified Intermediary Fraud and Bankruptcy• Examples: Real-life case studies and creative exchange solutions

9:30 AM – Main Meeting Hall Morning Keynote AddressMichael Fascitelli, President & Chief Executive Officer, VORNADO REALTY TRUST

9:00 AM – Main Meeting HallOpening Remarks & CRE Market UpdateRobert Knakal, Chairman, MASSEY KNAKAL REALTY SERVICES

8:00 AMRegistration & Networking Breakfast in Exhibit Hall

10:00 AM Concurrent Session – (Choose Track A or B or C)

Track A - Main Meeting Hall

Debt Financing for CRE Acquisitions: A comparative discussion of debt sources for acquisitions, investment, and

new development, including capital sources from CMBS, life company money, commercial banks, alternative lenders, and more.

Moderator: Garrett Thelander, Partner, MASSEY KNAKAL REALTY SERVICES

5:00 - 7:00 PMVIP Cocktail Reception (By Invitation Only)A reception for sponsors, speakers and special guests hosted by Massey Knakal Realty Services

THURSDAY, APRIL 26THNew York City Bar Association | 42 W. 44th Street (At 6th Avenue) | New York, NY

James Brusco, Associate Director, METLIFE REAL ESTATE INVESTMENTSIvan Kaufman, President, ARBOR REALTY TRUSTChristopher Kelly, Managing Director, CAPITALSOURCE

Michael Medvin, Managing Director & National Head of Originations, AIGAnthony Orso, Chief Executive Officer, CANTOR COMMERCIAL REAL ESTATE

11:00 AM Networking Break & Refreshments in Exhibit Hall

4 Conference Agenda

Columbus SquareNew York, NY500,000 SF Retail Portfolio

$280,000,000Balance Sheet Financing

U.S. Steel TowerPittsburgh, PA

$220,000,000Conduit Financing

1551 BroadwayNew York, NY25,600 SF Retail Property

$180,000,000Conduit Financing

Hotel ChelseaNew York, NY175,900 SF Hospitality Property

$85,000,000Balance Sheet Financing

North Elston AvenueChicago, IL178,700 SF Shopping Center

$66,000,000Balance Sheet Financing

Recent Financing Highlights

New York Office1 Battery Park Plaza 26th FloorNew York, NY 10004 Tel: 212-972-3600 Fax: 212-612-0100

New Jersey Office485 Route 1 SouthBuilding F, Suite 110Iselin, NJ 08830Tel: 732-301-3200Fax: 732-301-3299

Florida Office2385 Executive Center Dr. Suite 400Boca Raton, FL 33431Tel: 561-367-0005Fax: 561-367-0099

Illinois Office8170 McCormick BlvdSuite 220Skokie , IL 60076Tel: 773-439-1200Fax: 773-439-1299

California Office2173 Salk Ave.Suite 250Carlsbad, CA 92008 Tel: 858-964-0300 Fax: 212-201-5141

California Office2029 Century Park EastSuite 1400Century City, CA 90067Tel: 310-867-2300Fax: 310-867-2350

Maryland Office7600 Wisconsin Avenue Suite 800Bethesda, MD 20814Tel: 240-507-1919Fax: 410-504-5748

In 2011, Meridian proudly advised on nearly 2,800 real estate

or to

Route 17 NorthParamus, NJ125,000 SF Retail Property

$23,350,000Balance Sheet Financing

West 14th StreetNew York, NY61,000 SF Mixed-Use Property

$55,000,000Conduit and Mezzanine Financing

Steelworks LoftsBrooklyn, NY110,000 SF Mixed-Use Property

$28,400,000Construction Financing

Relationship Driven. Execution Focused.

www.meridiancapital.com

Track A - Main Meeting Hall

Office Property All-Stars: Leasing, Acquisitions & New Developments

Moderator: Jeffrey Lenobel, Partner & Chair of the Real Estate Department, SCHULTE ROTH & ZABEL

11:30 AM Concurrent Session – (Choose Track A or B or C)

Track B - Evarts RoomHotel Market Activity: Limited, Select, and Full Service Opportunities

Moderator: Paul Massey, Partner, MASSEY KNAKAL REALTY SERVICES

Patrick Denihan, Co-Chief Executive, DENIHAN HOSPITALITY GROUPRobert Hazard, III, Acquisitions & Development, HERSHA HOSPITALITY TRUSTAbraham Hidary, President, HIDROCK REALTYWilliam Obeid, President & Chief Executive Officer, GEMINIPunit Shah, President & Chief Operating Officer, LIBERTY GROUP OF COMPANIES

Track C - Tweeds RoomBuilding Management Workshop: Show Me The Money

David Unger, Chief Operating Officer, U.S. ENERGY GROUP

About this workshop:The key to reducing energy usage is to proactively manage your buildings. In thissession, David Unger, COO of US Energy Group, demonstrates five simple steps totake in order to have complete control over a building portfolio, reduce energyusage, and prove savings.

12:30 PMNetworking Luncheon

1:30 PM – Main Meeting HallRetail Market Activity: Where the Consumers & New Tenants are in 2012

Moderator: Benjamin Fox, Executive Vice President of Retail Leasing, MASSEY KNAKAL REALTY SERVICES

2:30 PMNetworking Break & Refreshments in Exhibit Hall

3:00 PM – Main Meeting HallNote Acquisitions and Distressed Situations: Buying, Trading, Loaning to Own, and Getting the Keys

4:00 PM – Main Meeting HallAfternoon Keynote AddressScott Rechler, Chairman & CEO, RXR REALTY

Michael Alpert, President, ASHKENAZY ACQUISITION CORPORATIONMichael Berfield, Senior Vice President, EQUITY ONEMichael Happel, Managing Director, AMERICAN REALTY CAPITAL

David Robinov, Managing Director, ACKMAN ZIFFJoseph Sitt, Chairman & Chief Executive Officer, THOR EQUITIES

Moderator: Steve Palmese, Director of Sales, MASSEY KNAKAL REALTY SERVICES

Sean Dalfen, Principal & Executive Managing Director, DALFEN AMERICA CORP.Ziel Feldman, Managing Principal, HFZ CAPITAL GROUPWayne Olson, Chairman of Real Estate Practice, MARGOLIN WINER & EVENS LLP

Jonathan Schultz, Managing Principal, ONYX EQUITIESMichael Shah, Principal & Chief Executive Officer, DELSHAH CAPITALRobert Verrone, Principal, IRON HOUND MANAGEMENT COMPANY

Nicholas Bienstock, Managing Partner, SAVANNADaniel Blanco, Chief Operating Officer & Principal, BROAD STREET DEVELOPMENTRobert Lapidus, President & Chief Investment Officer, L&L HOLDING COMPANY

Bruce Mosler, Chairman – Global Brokerage, CUSHMAN & WAKEFIELDMitch Rudin, President, U.S. Commercial Operations, HIDROCK REALTY

4:30 PMPost-Event Cocktails & Networking

6 Conference Agenda

Founded in 1991, Meridian CapitalGroup, LLC is one of the nation’slargest commercial real estate fi-

nance and advisory firms. Meridian has arranged more than $120 billion ofcommercial real estate debt, including more than 27,500 transactions in 42states. The firm is headquartered in New York with offices in New Jersey,Maryland, Illinois, Florida and California. Working with a broad array of capi-tal providers, Meridian arranges financing for transactions ranging from$500,000 to more than $500 million for multifamily, co-op, office, retail,hotel, mixed-use, industrial, healthcare, student housing, self-storage andconstruction properties. www.meridiancapital.com.

Thank You to Our Summit Sponsors and Partners

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 Realty 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 relationships 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 System™, 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.

Margolin, Winer & Evens LLP is one of thelargest accounting and business advisoryfirms in the Northeast. Since 1946, MWE has provided expert advice to a cross-section of the real estate industry, including developers, owners and operators

of commercial, industrial, retail and residential properties, as well as financial institutions and individual investors. Our expertise covers a widerange of applications from rental and mixed-use facilities to cooperatives,condominiums, community developments, hospitality, recreational and special purpose facilities. MWE’s leadership in providing services to the real estate industry is based on a conviction that we serve a dual role as accountants and business and financial advisors. Our goal is to assistclients in structuring sound real estate transactions, as well as developingeffective tax and finance strategies that address their overall business and financial objectives.

Consider Citibank’s Financial IntermediariesGroup. Firms that manage ‘other peoples’

money’—-such as title insurance companies, investment money managers,commercial real estate companies-—need bankers with specialized industryknowledge. Our dedicated group of financial intermediary professionals usea consultative approach and their particular expertise to provide their clientswith customer-centric banking solutions.

RetailMLS is the most comprehensive and user friendlymultiple listing service (MLS) dedicated exclusively to theretail real estate market. We have streamlined the processof marketing and searching for retail space by aggregatinglistings into an easy-to-use, standardized and low cost plat-form. RetailMLS provides retail professionals immediate ac-cess to the information needed to get to negotiations and

close deals faster. Stay tuned for our launch in the Summer 2012.

Schulte Roth & Zabel LLP is a multidisciplinary firm withmore than 450 lawyers and offices in New York, Washington, D.C., and London. Since the firm’s foundingin 1969, our focus has been on serving the financialservices industry. For real estate transactions, we organize a team of attorneys from the appropriate departments—tax, environmental, finance, etc. That

team, in turn, coordinates with the clients’ other professionals and advisersand, of course, with the client in determining how the transaction can bemost effectively and efficiently structured and closed. The real estate practice at SRZ also serve as a part of the Distressed Investment Group,which consists of over twenty partners, melds business reorganization, finance, business transactions and tax expertise to provide focused advice on every phase of distressed investing.

On the leading edge since1978, US Energy’s mission has been to help property

owners and managers conserve energy and reduce costs. Now, every prop-erty owner knows the world of energy use has changed forever and the days of cheap energy are long gone. The watchwords today are “operating efficiency” and “conservation”. Certainly, there are many energy conservation and money-saving products smart property owners and managers should consider, but Energy Management Systems (EMS), integrated controls, fuel measurement and delivery verification, and online monitoring are the essential “no-brainers.” They go to the heart of a property’s energy use — providing information, control and provable cost-saving results.

Thank You to Our Summit Sponsors and Partners 7

Retail MLSSM

YOUR COMPREHENSIVE MLS FOR RETAIL LISTINGS

Contact us to become a beta tester: 212.729.1041 or support@retailmls.comwww.retailmls.com

RetailMLS is the first multiple listing service dedicated exclusively to the retail real estate market.