 2-6-08 Chicago Breakfast Meeting Details
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To register by phone,
please call 212-692-9379. RELA Chicago Breakfast Meeting Opportunities
in a Dislocated Market: A Panel Discussion Wednesday, February 6, 2008 8 – 8:30 a.m.: Registration, Networking, Continental Breakfast 8:30 – 9:30 a.m.: Presentation at Union League Club of Chicago, 65 West Jackson, Chicago featuring Keith J. Brown Executive Vice President & Director of Asset Management Klaff Realty Richard D. Kincaid Principal Lakeshore Holdings Gregory S. Leadholm Managing Director, Real Estate Debt Heitman Gene C. McQuown Principal Titan Realty Partners
Lenders and Equity Providers Only Members - No Charge • Nonmembers - $40 Keith J. Brown is Executive Vice President
and Director of Asset Management at Klaff Realty, LP, a private Chicago-based real estate investment firm that specializes
in the acquisition of distressed commercial property on a national scale. He was born in Chicago, IL, on August 18,
1950. He is married and currently lives in Chicago. He has two sons: Colin (15) and Brendan (11).
In 1972, he received his B.A. degree with honors and a concentration in political science and economics from Northeastern Illinois University, where he attended school on an athletic scholarship. He joined First Chicago Corporation in February 1973 as a participant in the bank’s First Scholar Program. At the same time, he enrolled in the University of Chicago’s Graduate School of Business and subsequently received an M.B.A. degree with a concentration in accounting and finance in June 1975. During his time at First Chicago, he served as Head of the Marketing Division for the Bankcard Center in 1977, Deputy Head in the Private Banking Division in 1980, and Director of Marketing and Sales for First Chicago Cheque Corporation in 1981. In June 1981, he was selected to serve as the Executive Assistant to First Chicago’s CEO, Richard L. Thomas, and served in that capacity until March 1985. Following that special assignment, he was appointed as Division Head for Corporate Securities Services and Cash Management Sales in the Global Corporate Bank. In January 1989, he moved to the Community Banking Group as President/CEO, First Chicago Bank of Ravenswood, a $500 million bank acquired by the First Chicago in late 1989. This bank group operated eight offices in Chicago and served individuals, businesses, and institutions with a full range of commercial banking, real estate, consumer, and trust/investment services. In June 1993, he left First Chicago and assumed a position as President/CEO, First Midwest Bank/Illinois. Headquartered in Joliet, the bank operated 20 offices across five southwestern Chicago counties and employed 550 people. In 1995, the bank earned $12 million with 1.25% ROA and an 18% ROE. The bank is a wholly-owned subsidiary of First Midwest Bancorp Inc., Illinois’ second largest publicly-traded bank holding company. In March 1997, Mr. Brown joined Sunterra Resorts as Vice President of Marketing and managed the development/expansion of Sunterra’s vacation clubs — Club Sunterra and Sunterra Pacific — and served on the company’s Executive Management Committee, reporting to the CEO. In January 2000, Keith assumed the role of chief-of-staff and SVP/Corporate Development and was responsible for key staff functions, including administration, communications, public affairs, investor relations, strategic planning, and “special projects.” In May 2000, Sunterra Corporation filed Chapter 11 bankruptcy and Keith was appointed as President, Sunterra Financial Services, a captive mortgage finance company in Las Vegas with a $600 million consumer mortgage portfolio, and as Treasurer of Sunterra Corporation. In January 2002, he joined Klaff Realty, LP, as an Executive Vice President, reporting to Hersch Klaff, the Managing Director, with responsibility for the firm’s operations, including asset management, acquisition due diligence, and integration and property management. Klaff Realty, LP, owns and manages approximately 35 million square feet of commercial property across the U.S. and is the industry leader in acquiring bankruptcy-related retail properties from major companies like Mervyns, Albertsons, Kmart, Service Merchandise, Montgomery Ward, Homelife, Levitz, and Family Golf Centers. Mr. Brown has been a Director of St. Joseph’s Medical Center and a member of the Executive and Governance Committees and Chairman of their capital campaign; a member of the Young Presidents’ Organization; and a member of the Board of Trustees of Northeastern Illinois University. He is President of the Chicago Lions Rugby Club. He is also a member of a number of other community and civic organizations, including the Union League Club, the Bankers Club of Chicago, and the Executives’ Club of Chicago. His hobbies include golf, travel, handball, music, and rugby. -- Gregory S. Leadholm has extensive structured debt experience, including origination, loan structuring and negotiating, asset underwriting, risk assessment, and portfolio management. He has managed and grown several specialty lending groups and has been responsible for $4.5 billion of new finance originations over the past five years. Prior to joining Heitman, Mr. Leadholm served as Senior Vice President for the Home Builder Finance Division of the Royal Bank of Canada (RBC). As part of the Management Team, he was responsible for all facets of the Midwest/Northeast Regional operations as well as coordinating strategic cross-border initiatives for Canadian builders and developers expanding in the United States. Prior to joining RBC, he served with several large institutional real estate lenders and investors, and built two start-up organizations focused on originating and managing structured debt investments, mezzanine financing, and equity investments. Mr. Leadholm earned a B.A. degree with an emphasis in finance from the University of Wisconsin — Milwaukee. He is an active member of the National Association of Home Builders (NAHB) and has been a frequent participant in industry-related panels and conferences sponsored by NAHB and Urban Land Institute. -- Richard D. Kincaid was the President and Chief Executive Officer of Equity Office Properties Trust until its acquisition by the Blackstone Group in February of 2007. He is currently a Principal in Lakeshore Holdings, LLC, and the President and Founder of the BeCause Foundation. The BeCause Foundation is a nonprofit corporation that heightens awareness about a number of complex social problems and promotes change through the power of film. Mr. Kincaid held three C-level positions at Equity Office – CFO, COO, and CEO. Prior to being named President and CEO in 2003, Mr. Kincaid served as the company’s Executive Vice President and Chief Operating Officer. In this role, he introduced a new operating model to the office building industry. The model centralized isolated building management staff and eliminated redundant practices to facilitate stronger customer and broker relationships, the sharing of best practices across markets, and more efficient lease execution. Also as COO, he focused on developing the company’s corporate strategy, translating strategy into operating plans and ensuring consistent implementation across the organization. Mr. Kincaid has also served as Equity Office’s Executive Vice President and Chief Financial Officer. In this role, he was responsible for Financial Reporting and Tax, Information Technology, Treasury and Finance, Investor Relations/Public Relations, and Risk Management. He led the consolidation of the four private Zell/Merrill funds that created the portfolio for Equity Office’s 1997 IPO. At 33 and one of the country’s youngest CFOs, Richard developed the financial, technology, and integration strategies for the company during its tremendous growth, which included nearly $17 billion in acquisitions. Mr. Kincaid was with Equity Office since its 1997 IPO and worked with the company’s Chairman, Sam Zell, for over 16 years. Prior to joining Equity Office in 1995, Mr. Kincaid was Senior Vice President of Finance for Equity Group Investments, Inc., where he oversaw debt financing activities for the public and private owners of real estate controlled by Mr. Zell. During his tenure at Equity Group Investments and Equity Office, Mr. Kincaid has supervised more than $11 billion in financing transactions. Prior to joining Equity Group Investments in 1990, Mr. Kincaid held positions with Barclays Bank PLC and The First National Bank of Chicago. Mr. Kincaid is on the Board of Directors of Rayonier Inc. (NYSE: RYN), an international REIT that specializes in timber and specialty fibers. He also serves on the Board of Directors of Vail Resorts (NYSE: MTN), a mountain resort operator. Mr. Kincaid received his master’s degree in business administration from the University of Texas, and his bachelor’s degree from Wichita State University. -- Gene C. McQuown is a Principal of Titan Realty Partners, LLC, with offices in New York City and Fairfax, VA. Titan was formed by its principals to specifically pursue “stressed” debt and other opportunistic real estate equity investments. The company’s targeted investments include non-performing loans, CMBS, high-yield debt, and other similar equity real estate investments. Investment size ranges from $15 million and larger for portfolios. The company’s primary geographical focus is the East Coast and covers all major property types. Titan’s primary funding source for debt and other investments is a joint venture known as Iron Point Titan Venture Partners, LLC (“JV”), whose partners are Titan and Iron Point Partners, LLC (“IP”). IP is a part of the Robert Bass family of investment funds with over $22 billion in equity capital. IP is a dedicated and discretionary fund of approximately $500 million and is operated from Washington, DC. IP’s investment and that of the Principals of Titan in JV total committed equity of $100 million. This initial equity contribution by the partners is to be supplemented with co-investment capital by other investors, already identified by Titan and IP, on a needed basis. Other activities of Titan include the co-development of Cambria Suite Hotels by Choice International with several hotel developers. Currently four are in development or pre-development. Titan is also involved in two projects currently under consideration in New York and the Hamptons for residential and commercial development. Prior to his involvement with Titan, Mr. McQuown was President of JER Investors Trust (“JERIT”), a private mortgage REIT started in June 2004 with approximately $360 million in equity and $500 million in assets. Mr. McQuown was responsible for raising investment capital and had oversight responsibility for Mezzanine Debt, B Note, and other structured finance investments. JERIT invests primarily in non-investment-grade CMBS and other structured finance products. Mr. McQuown serves as a member of the Board of Directors of Highland Financial Management, LP, a $450 million capital investment partnership located in Dallas, TX. The company specializes in investments in CDOs, CLOs, and other specialty commercial and real estate debt investments. Highland has over $5 billion in related investments. o – 0 - o To register by phone, please call 212-692-9379.
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