Keynote

Spencer Levy, Chairman of Americas Research and Senior Economic Advisor at CBRE leads a vibrant conversation with Sonny Kalsi, CEO of BentallGreenOak and Carlyle Group’s Sarah Schwarzschild, Managing Director and Co-Head of Metropolitan Real Estate and Global Head of Secondaries, exploring the wider effects of the pandemic on U.S. (and global) primary and secondary real estate markets. The panelists examine evolving strategies across core and emerging institutional asset types, identify megatrends shaping the real estate landscape and investment decision-making. A broad spectrum of topics is covered, including but not limited to macro, capital markets, the lending environment, risk, distressed assets, ESG, how investors interpret data as well as opportunities within and outside the U.S.

John Albright, Co-founder and Managing Partner of Relay Ventures, will provide his views on emerging trends and the future of venture capital. In a conversation with Kristine M. Di Bacco, Partner with Torys LLP, John will consider the foundations that have allowed venture capital to become a disruptive force across industries and a catalyst for innovation and economic growth. The discussion will touch on the challenges and opportunities facing VC and startup communities. Drawing from his wealth of experience at Relay, John will reflect on the kind of decisions and actions underpinning success (or failure) of venture capital investing, from dealflow to portfolio management, allocation and exit strategies. The conversation will also focus on capital flows, emerging megafunds, and how excess capital is impacting valuations.

Brent Belzberg, founder and senior managing director of Torquest, will provide his views on the future of private equity. In a conversation with Professor Alexander Dyck of the University of Toronto, Brent will consider the foundations that have allowed private equity to create value in the past, as well as some of the current opportunities and challenges. The discussion will touch on the role for data analytics, to challenging macro trends of high entry multiples and significant inflows, to large investors disintermediating PE funds by direct investing, to changes in demand toward long-dated funds.

Economic outlook, interest rates and how these impact short/long-term asset allocations · Key global and regional trends shaping North American property markets · Assessing the current lending environment · Social, demographic and technological changes affecting the real estate sector · Capital in and outflows, property valuation, market correction · What makes the present cycle different from previous ones; what to expect in 2020 and beyond · What should investors know today to make better investment decisions tomorrow · US vs Canada: Challenges and opportunities for investors

Key global and regional trends shaping North American property markets · Late cycle investing challenges, risks and opportunities: cyclical versus structural considerations · Societal, demographic and technological shifts and disruptions shaping the real estate sector · The changing geography of jobs and economic activity · Evolving definition of real estate – blurring of traditional property sectors and rise of new ones · Capital sources (debt and equity) for real estate investment and development today and tomorrow · Looking into the future – challenges and opportunities for real estate community over the next decade