More than 70 Carey Business School real estate students attended a school-sponsored symposium at the New York Stock Exchange, with the visit culminating in a tour of the stock exchange floor during the closing bell.
The March 3 visit was hosted by Carey’s Real Estate Advisory Board, led by Carey alumnus and advisory board chair Jeffrey Olson, the chairman and chief executive officer of Urban Edge Properties. The daylong symposium included panelists, speakers, and roundtable discussions featuring executives from different parts of the real estate and financial industries. The symposium focused specifically on real estate investment trusts (REITs).
Most of the 76 students in attendance are enrolled in Carey’s MS in Real Estate and Infrastructure (MS REI) program. Students from the Global MBA and MS in Finance programs also made the trip.
Several students lauded the event as a unique opportunity to meet, network with, and learn from industry leaders at a historic venue. Says Fisayo Alade, a part-time MS REI student, “The opportunity to listen to industry giants at an iconic location made the event powerful and engaging.”
The keynote remarks were delivered by Steve Roth, founder and chairman of Vornado Realty Trust. After Roth’s remarks, Olson moderated a pair of two-person panels that discussed REIT analysis and capital markets.
The REIT analysis panel featured Mary Hogan, managing director and co-head of Americas Real Estate for APG Asset Management US, and Steve Sakwa, senior managing director and senior equity research analyst at Evercore ISI.
The two experts on the capital markets panel were Michael Graziano, co-head of global real estate investment banking at Goldman Sachs; and Guy Metcalfe, managing director and global chairman of real estate investment banking at Morgan Stanley.
Later, the panelists and other industry leaders from Carey’s Real Estate Advisory Board hosted free-flowing discussions with groups of five to eight students. The day ended with a trip to the floor of the stock exchange (above) to observe the ringing of the closing bell.
— Luke Lavoie