May 24: Updated Event Agenda and Hotel Information for the RPIC event on June 8-9 in New York City

24th May 2010


RPIC Event on June 8-9 in New York City
Invitation, Updated Event Agenda & Hotel Information

Dear Colleagues,

We are excited to announce our upcoming convening on RPI, to be held June 8-9 in New York City in conjunction with an Urban Land Institute event on energy efficiency financing. A more formal invitation will follow, but we wanted to be send out this note to save the date.

With the generous support of the Rockefeller Foundation, the Responsible Property Investing Center, a joint project of the University of Arizona and the Initiative for Responsible Investment at Harvard University, will host on June 9 a program addressing how leading asset owners, fund managers, developers, academics, and related stakeholders use RPI to improve financial, social, and environmental performance. Topics will include portfolio management, RPI metrics and measurement, sustainable communities and TOD, urban regeneration, workforce housing, and emerging markets. The event agenda is available below.

On the previous day, June 8, ULI will host an Energy Efficiency Finance Forum made possible by the Wells Fargo Foundation. The event will bring lenders, owners and public officials together to discuss a variety new public-private finance tools (including PACE financing) which seek to catalyze the building retrofit marketplace.  To the extent that you believe there are individuals who are "must-invites" to this event, please forward their names to me as soon as possible. 

In terms of accomodations, an ULI Rate of $229/night at the Affinia Dumont, located at 150 East 34th Street, is currently available. The Dumont offers 242 spacious suites featuring executive workspace with modern amenities and technology such as high-speed Internet access and in-room fax/printer/copier. The hotel’s health focus is emphasized by amenities such as a 3-choice pillow menu, a Fitness Concierge, in-room Fit Kits, and the Oasis Day Spa. Meeting facilities accommodate up to 80. The Hotel Dumont is a smoke-free facility.  All individual call in reservations will be handled through the Hotel Dumont Reservations Department at 1-866-AFFINIA (866-233-4642) or to respectively.  Please be sure to identify yourself as part of the ULI Energy Forum group to guarantee the special group rate of $229.00/night.  The Cut-Off Date for accepting reservations is Friday, May 14, 2010.   Any reservations received after this date, are subject to space and rate availability.

We hope you can join us in New York!

Best,
David

=
David Wood,Director
Initiative for Responsible Investment at Harvard University

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Responsible Property Investing: Growing the Field

8:45 AM – 4 PM, June 9th, Empire State Building 61st Floor, New York, NY

On June 9th the Responsible Property Investing Center, with generous support from The Rockefeller Foundation, will gather investors, fund managers, advisors, researchers, and others to discuss the growing field of Responsible Property Investing.

The day will be structured around key issues and examples of successful practice. Attendees will have the opportunity to participate in serious discussions around core strategies and opportunities in the field.

8:45-9:00 Welcome and Introduction

Presenter: Benjamin de la Peňa, Rockefeller Foundation

9:00-9:30 RPI: The State of the Field

This opening session will draw on recent field-building and research efforts to set the stage for the day. Where are investors concentrating in the current market? What information has emerged on RPI? What are investor networks doing to grow the field? What organizations and standards are emerging and needed to support RPI?

Presenters: Gary Pivo, University of Arizona & David Wood, Initiative for Responsible Investment at Harvard University

9:30-10:45 Institutional Investors in the Field

A key area of growth has been institutional investor interest in the real estate asset class. How are institutional investors approaching the field? What are the key issues driving investor interest?

Presenters:

Laurie Weir, CalPERS

Preston Sargent, Kennedy Associates

Lynn Thurber, Lasalle Investment Management

Luther Ragin, F.B. Heron Foundation

David Wood, Harvard University (moderator)

10:45-11:00 Break

11:00-12:15 Innovative Investment Vehicles

From large scale funds in emerging markets to new models for workforce housing, investors are adopting innovative approaches to private investment in RPI vehicles. This final session will explore a range of investments that create triple-bottom line value and their integration into investment portfolios.

Presenters:

Jason Segal, Sustainable Development Capital

Dan McDonough, Henderson Global Investors

Molly Bordonaro, Gerding Edlen Development

George Pino, Learning Links Centers

Tony Ciochetti, MIT (moderator)

12:15- 1:15 Lunch

1:15-2:30 Measuring Success

What sort of information can be used to measure to social and environmental performance of investments? How can it be used, together with data on returns, to benchmark RPI. The panel will focus on efforts to build systems of metrics that meet investor needs for executing their RPI strategies.

Presenters:

Drew Ades, Fannie Mae

Bill Lashbrook, PNC Bank

Jeff Fisher, Indiana University

David Geltner, MIT

Anthony Guma, USGBC

Gary Pivo, University of Arizona (moderator)

2:30-3:45 Investing in Sustainable Communities

Public agencies and civil society organization have focused attention and resources on sustainable communities. How do fund managers create investment opportunities in the RPI space? How do the criteria for sustainable communities -- green buildings, transit-oriented development, urban regeneration, social equity, and so on -- factor into the real estate investment process? What are successful models for creating institutional quality investment vehicles?

Presenters:

Belden Daniels, Renovo and Northwest Louisiana Fund

Cherie Santos-Wuest, TIAA-CREF

Wendy Rowden, Jonathan Rose Companies

Brandon Morgan, Vulcan Real Estate

David Sharp, Urban Advisors

Stockton Williams, HUD (moderator)

3:45-4 PM Conclusion and Next Steps

Phil Payne, Babcock and Brown Residential

David Wood, Initiative for Responsible Investment at Harvard University