The 2007 Wharton Economic Summit ::
Panels



Real Estate: Where It's At and Where It's Headed
Moderator: Peter Linneman, Albert Sussman Professor of Real Estate; Professor of Finance and Business and Public Policy
Panelists:  Jeffrey S. Katz, William L. Mack, Jay H. Mantz
Thursday, April 12 - 10:00-11:15 a.m. :: Full Summit Schedule

Panelists

:: Jeffrey S. Katz , WG'71
   CEO and Principal Owner
   Sherwood Equities, Inc.

Jeffrey Katz is the CEO and principal owner of Sherwood Equities, Inc., a privately held real estate development company. Over the past 30 years, he has owned, developed and managed properties valued in excess of over $3 billion. He has been actively involved in reshaping the Times Square area for more than two decades.

As the developer of One Times Square, Two Times Square and 1600 Broadway on the Square Jeffrey Katz has successfully leased, and currently operates, three of Times Square's most prominent properties. Because of the fully integrated relationship between buildings and signage in Times Square, Katz formed Sherwood Outdoor, Inc., a wholly owned subsidiary of Sherwood Equities, Inc., which has become the premier sign company in Times Square. He also developed The Coronado, The Saratoga, 130 Barrow Street and 330 West End Avenue, all luxury residential condominium buildings which are uniquely combined with commercial space and other amenities.

In addition to managing over 500,000 square feet of prime industrial buildings in Long Island, developed by Sherwood, the firm holds several key development sites on the West Side of Manhattan.

Jeffrey Katz received his MBA from the Wharton School of the University of Pennsylvania and his bachelor's degree from the University of Massachusetts. He is an active board member of the Times Square Alliance (formerly Times Square Business Improvement District). His expertise is reflected in Sherwood's reputation within the real estate industry, and particularly within the lending community, as a group with numerous successes based on one consistent element: a conservative approach to buying and developing.

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:: William L. Mack , W'61
   Senior Principal
   Apollo Real Estate Advisors LP

William Mack is a Founder and Managing Partner of Apollo Real Estate Advisors, L.P. The Apollo Real Estate Investment Funds have invested in greater than $35 billion of diversified real estate ventures in 20 countries throughout the world. The investments include office and retail facilities, hotels, multi-family residential housing, mortgage securities, housing companies, land investments, and public and private real estate operating companies. He is Chairman of the Board of Directors of Mack-Cali Realty Corporation, a publicly traded REIT that owns and operates a portfolio of Class A office and office/flex buildings located throughout the United States.

Mr. Mack is the Chairman of the Board of the Solomon R. Guggenheim Foundation, and is Vice Chairman of the North Shore-Long Island Jewish Health System and currently serves on its Executive Committee.

Mr. Mack is a Director of the City and Suburban Financial Corporation, and a board member of the Regional Advisory Board of JP Morgan Chase. Mr. Mack is a past Director of Wyndham International, Inc., The Bear Stearns Companies, Inc., Vail Resorts, Inc., and the Empire State Development Corporation. Mr. Mack is a past Chairman of the Long Island Power Authority, the Jacob K. Javits Convention Center Development Corporation of New York, and the New York Convention Center Operating Corporation.

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:: Jay H. Mantz , WG'90
   Global Co-Head, Morgan Stanley Real Estate
   Managing Director, Morgan Stanley

Jay Mantz is a managing director of Morgan Stanley and global co-head of Morgan Stanley's Direct Investing Group, responsible for Morgan Stanley Real Estate Investing funds, the Morgan Stanley Infrastructure Fund and other private equity funds.

Mr. Mantz joined Morgan Stanley in 1993 in the New York office of Morgan Stanley Real Estate and moved to London in 1996 as head of the Morgan Stanley Real Estate Funds in Europe. In 1999, he was named head of the Morgan Stanley Real Estate Investing Group with responsibility for the global activities of Morgan Stanley Real Estate's principal investing business, including the Morgan Stanley Real Estate Funds, other institutional accounts and proprietary funds managed by Morgan Stanley. In 2005, he was named global co-head of Morgan Stanley Real Estate overseeing the firm's global real estate business, including banking and capital raising activities as well as the firm's real estate investing program. He was named global co-head of Morgan Stanley's Direct Investing Group in March 2007.

Mr. Mantz received an MBA from the Wharton School of the University of Pennsylvania and a BA from Boston University. He is an active member of various real estate organizations including the Urban Land Institute and the Pension Real Estate Association.

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