Massey Knakal Realty Services is pleased to announce the 2nd annual Commercial Real Estate Investment Summit, to be held April 26, 2012 at the New York Bar Association at 42 W. 44th Street in Midtown Manhattan. Keynotes include Mike Fascitelli, CEO of Vornado, and Scott Rechler, CEO of RXR Realty. Join us this year, as we delve into the dynamics of the ever changing marketplace to discuss financing, investment, development, and specifics of Office, Retail, Hotel property segments, as well as Note Acquisitions, Private Equity, and Debt Capital for acquisitions and new development.

1. GreenPearl presents the 2 n d Annual
Massey Knakal
Commercial Real Estate
Investment Summit
office. retail. hotel. notes.
April 26, 2012 New York City Bar Association New York City

2. YOU get all the credit.
WE do all the work.
Let GreenPearl Produce Your Next
Thought-Leadership Event: .
• WE help organizations like YOURS - who are not in the event business - put on large thought-
leadership conferences that put you in the forefront of the minds of people YOU want to reach.
• WE execute finely tuned and well-managed events so you can stay focused on what you do
best: growing YOUR business.
• WE contract directly with the vendors and venue and pay for all of the costs ourselves; so
there is no financial risk to YOU.
• WE understand your industry sector and craft events that bring together the best and the
brightest industry leaders in your market, which makes YOU look brilliant
Title Sponsors Include:
CCIM
IREM
Lee & Associates
Massey Knakal
Real Estate Weekly
Schulte Roth and Zabel
TerraCRG
Insert YOUR company name here
Contact us at (646) 862-6136 or events@greenpearl.com.
Visit us online at www.greenpearl.com.

3. Dear colleagues and friends,
It is my pleasure to welcome you to the 2nd Annual Massey Knakal
Commercial Real Estate Investment Summit.
This year, we will delve into the dynamics of the ever changing
marketplace to discuss financing, investment, development, and
specifics of Office, Retail, Hotel property segments, as well as Note
2004 just called to say:
Acquisitions, Private Equity, and Debt Capital for acquisitions and new “Real Estate is Back!”
development.
CAPITALIZE ON THE RECOVERY
We have assembled panels comprised of some of the finest in the
industry, and we are pleased to have Scott Rechler, Chairman & CEO of As GREENPEARL continues to grow and bring thought-
RXR Realty, and Mike Fascitelli, CEO of Vornado Realty Trust, as our leadership events to commercial real estate professionals,
keynote speakers. Both of their companies are incredible players we’d like to say thank you to all of our past attendees,
shaping today’s marketplace. RXR is one of the New York Tri-State area’s
sponsors, and partners. We look forward to seeing you
leading real estate companies with over $3.5 billion of assets under
management invested in a portfolio of 105 operating properties at a future event.
encompassing 15.0 million square feet. Vornado owns or controls over
65 million square feet of real estate including 19.2 million square feet in HERE ARE SOME OF THE PROGRAMS
Midtown Manhattan alone. YOU CAN LOOK FORWARD TO:
Working under the Massey Knakal Territory System™, we recognize that MULTIFAMILY SUMMIT WASHINGTON D.C.
the NYC commercial real estate market is one that is multifaceted. I
Kellogg Conference Hotel • Washington, D.C. • May 17th
hope we can learn from each other’s expertise to make our unique
market even stronger. CALIFORNIA MULTIFAMILY SUMMIT
Sheraton Gateway Hotel • Los Angeles • June 6th
Very Truly Yours,
THE TERRACRG BROOKLYN
REAL ESTATE SUMMIT
Paul Massey
St. Francis College • Brooklyn • June 14th
SCHULTE ROTH AND ZABEL
Chief Executive Officer, Founding Partner RESCUE CAPITAL FORUM
Massey Knakal Realty Services
NYC's #1 Building Sales Firm
New York City Bar Association • New York City • October 23rd
MASSEY KNAKAL MULITFAMILY SUMMIT
Massey Knakal McGraw-Hill Conference Center • New York City • November 14th
Commercial Real Estate REGISTER EARLY
Investment Summit With early bird and advance rates, you can save up to
$300 off the cost of a single event.
Breakdown Of Industry Roles EVENTS ARE CONTINUOUSLY ADDED
Please visit www.greenpearl.com for
a full list of programs, updates, and to register.
SPONSORSHIP, SPEAKING AND
EVENT INQUIRIES
Please contact events@greenpearl.com
or 646-862-9393.
‫ ܖ‬Principal - Equity Investment
‫ ܖ‬Principal - Debt Placement Photos and presentations will be posted
‫ ܖ‬Principal - Asset Management online after the event.
‫ ܖ‬Attorney
‫ ܖ‬Brokerage www.greenpearl.com/event-archives
‫ ܖ‬Service Provider And, meet past attendees of GreenPearl’s Real Estate Conferences by
‫ ܖ‬Other following GreenPearl Events on Facebook, LinkedIn, and Twitter.
Welcome to the MASSEY KNAKAL COMMERCIAL REAL ESTATE INVESTMENT SUMMIT 3

4. WEDNESDAY, APRIL 25TH
Park Avenue Tavern | 99 Park Avenue (At 39th Street) | New York, NY
5:00 - 7:00 PM
VIP Cocktail Reception (By Invitation Only)
A reception for sponsors, speakers and special guests hosted by Massey Knakal Realty Services
THURSDAY, APRIL 26TH
New York City Bar Association | 42 W. 44th Street (At 6th Avenue) | New York, NY
8:00 AM
Registration & Networking Breakfast in Exhibit Hall
9:00 AM – Main Meeting Hall
Opening Remarks & CRE Market Update
Robert Knakal, Chairman, MASSEY KNAKAL REALTY SERVICES
9:30 AM – Main Meeting Hall
Morning Keynote Address
Michael Fascitelli, President & Chief Executive Officer, VORNADO REALTY TRUST
10:00 AM
Concurrent Session – (Choose Track A or B or C)
Track A - Main Meeting Hall
Debt Financing for CRE Acquisitions: A comparative
discussion of debt sources for acquisitions, investment, and
new development, including capital sources from CMBS,
life company money, commercial banks, alternative lenders, and more.
Moderator: Garrett Thelander, Partner, MASSEY KNAKAL REALTY SERVICES
James Brusco, Associate Director, METLIFE REAL ESTATE INVESTMENTS Michael Medvin, Managing Director & National Head of Originations, AIG
Ivan Kaufman, President, ARBOR REALTY TRUST Anthony Orso, Chief Executive Officer, CANTOR COMMERCIAL REAL ESTATE
Christopher Kelly, Managing Director, CAPITALSOURCE
Track B - Evarts Room Track C - Tweeds Room
RetailMLS.com: The Future of Retail Leasing Transaction Financing Strategies:
Unlocking the Power of a 1031 Exchange
Ben Zises, Chief Executive Officer, RETAILMLS.COM
Sam Zises, Chief Marketing Officer, RETAILMLS.COM David Gorenberg, Senior Vice President, CITIBANK
Jared Epstein, Vice President, AURORA CAPITAL ASSOCIATES
About this workshop: About this workshop:
Get a live presentation and product demo from Ben Zises, Founder & CEO of Transaction attorneys and building owners considering a sale should attend:
RetailMLS. Launching in a closed beta release in May, RetailMLS is the most • Transactions: Property transactions and the rules of “incidental property”
comprehensive and user friendly multiple listing service (MLS) dedicated • Benefits: How to maximize tax benefits, plus personal property implications
exclusively to the retail real estate market. • Restrictions: What not to do in a delayed exchange
• Protect Yourself: Effects of Qualified Intermediary Fraud and Bankruptcy
• Examples: Real-life case studies and creative exchange solutions
11:00 AM
Networking Break & Refreshments in Exhibit Hall
4 Conference Agenda

5. Relationship Driven. Execution Focused.
Recent Financing Highlights
Columbus Square U.S. Steel Tower 1551 Broadway Hotel Chelsea
New York, NY Pittsburgh, PA New York, NY New York, NY
500,000 SF Retail Portfolio 25,600 SF Retail Property 175,900 SF Hospitality Property
$280,000,000 $220,000,000 $180,000,000 $85,000,000
Balance Sheet Financing Conduit Financing Conduit Financing Balance Sheet Financing
North Elston Avenue West 14th Street Steelworks Lofts Route 17 North
Chicago, IL New York, NY Brooklyn, NY Paramus, NJ
178,700 SF Shopping Center 61,000 SF Mixed-Use Property 110,000 SF Mixed-Use Property 125,000 SF Retail Property
$66,000,000 $55,000,000 $28,400,000 $23,350,000
Balance Sheet Financing Conduit and Mezzanine Financing Construction Financing Balance Sheet Financing
In 2011, Meridian proudly advised on nearly 2,800 real estate
or to
www.meridiancapital.com
New York Office New Jersey Office Florida Office Illinois Office California Office California Office Maryland Office
1 Battery Park Plaza 485 Route 1 South 2385 Executive Center Dr. 8170 McCormick Blvd 2029 Century Park East 2173 Salk Ave. 7600 Wisconsin Avenue
26th Floor Building F, Suite 110 Suite 400 Suite 220 Suite 1400 Suite 250 Suite 800
New York, NY 10004 Iselin, NJ 08830 Boca Raton, FL 33431 Skokie , IL 60076 Century City, CA 90067 Carlsbad, CA 92008 Bethesda, MD 20814
Tel: 212-972-3600 Tel: 732-301-3200 Tel: 561-367-0005 Tel: 773-439-1200 Tel: 310-867-2300 Tel: 858-964-0300 Tel: 240-507-1919
Fax: 212-612-0100 Fax: 732-301-3299 Fax: 561-367-0099 Fax: 773-439-1299 Fax: 310-867-2350 Fax: 212-201-5141 Fax: 410-504-5748

6. 11:30 AM
Concurrent Session – (Choose Track A or B or C)
Track A - Main Meeting Hall
Office Property All-Stars: Leasing, Acquisitions & New Developments
Moderator: Jeffrey Lenobel, Partner & Chair of the Real Estate Department, SCHULTE ROTH & ZABEL
Nicholas Bienstock, Managing Partner, SAVANNA Bruce Mosler, Chairman – Global Brokerage, CUSHMAN & WAKEFIELD
Daniel Blanco, Chief Operating Officer & Principal, BROAD STREET DEVELOPMENT Mitch Rudin, President, U.S. Commercial Operations, HIDROCK REALTY
Robert Lapidus, President & Chief Investment Officer, L&L HOLDING COMPANY
Track B - Evarts Room Track C - Tweeds Room
Hotel Market Activity: Building Management Workshop:
Limited, Select, and Full Service Opportunities Show Me The Money
Moderator: Paul Massey, Partner, MASSEY KNAKAL REALTY SERVICES David Unger, Chief Operating Officer, U.S. ENERGY GROUP
Patrick Denihan, Co-Chief Executive, DENIHAN HOSPITALITY GROUP About this workshop:
Robert Hazard, III, Acquisitions & Development, HERSHA HOSPITALITY TRUST The key to reducing energy usage is to proactively manage your buildings. In this
Abraham Hidary, President, HIDROCK REALTY session, David Unger, COO of US Energy Group, demonstrates five simple steps to
William Obeid, President & Chief Executive Officer, GEMINI take in order to have complete control over a building portfolio, reduce energy
Punit Shah, President & Chief Operating Officer, LIBERTY GROUP OF COMPANIES usage, and prove savings.
12:30 PM
Networking Luncheon
1:30 PM – Main Meeting Hall
Retail Market Activity: Where the Consumers & New Tenants are in 2012
Moderator: Benjamin Fox, Executive Vice President of Retail Leasing, MASSEY KNAKAL REALTY SERVICES
Michael Alpert, President, ASHKENAZY ACQUISITION CORPORATION David Robinov, Managing Director, ACKMAN ZIFF
Michael Berfield, Senior Vice President, EQUITY ONE Joseph Sitt, Chairman & Chief Executive Officer, THOR EQUITIES
Michael Happel, Managing Director, AMERICAN REALTY CAPITAL
2:30 PM
Networking Break & Refreshments in Exhibit Hall
3:00 PM – Main Meeting Hall
Note Acquisitions and Distressed Situations: Buying, Trading, Loaning to Own, and Getting the Keys
Moderator: Steve Palmese, Director of Sales, MASSEY KNAKAL REALTY SERVICES
Sean Dalfen, Principal & Executive Managing Director, DALFEN AMERICA CORP. Jonathan Schultz, Managing Principal, ONYX EQUITIES
Ziel Feldman, Managing Principal, HFZ CAPITAL GROUP Michael Shah, Principal & Chief Executive Officer, DELSHAH CAPITAL
Wayne Olson, Chairman of Real Estate Practice, MARGOLIN WINER & EVENS LLP Robert Verrone, Principal, IRON HOUND MANAGEMENT COMPANY
4:00 PM – Main Meeting Hall
Afternoon Keynote Address
Scott Rechler, Chairman & CEO, RXR REALTY
4:30 PM
Post-Event Cocktails & Networking
6 Conference Agenda

7. Thank You to Our Summit Sponsors and Partners
Massey Knakal is the New York metropolitan area’s premier full service sales company, specializing
in the sale of investment and user properties. With over 100 employees, four offices and thorough
coverage of the five boroughs of New York City, Westchester County, Long Island and New Jersey,
Massey Knakal Realty Services dominates the New York metropolitan area’s building sales
marketplace. For over two decades, Massey Knakal has focused exclusively on the New York
metropolitan area, building strong relationships within the neighborhoods we represent and developing an extensive
database of customers that includes all of the major investors, institutions, agencies and individuals that are active in
real estate in the area. Our dedication to neighborhood knowledge and relationship building is a source of continuing
pride and success for Massey Knakal, and through our Territory System™, our agents have partnered with sellers
throughout the city to close over 2,000 transactions, with an aggregate value of approximately $10 billion since 2001.
Consider Citibank’s Financial Intermediaries RetailMLS is the most comprehensive and user friendly
Group. Firms that manage ‘other peoples’ multiple listing service (MLS) dedicated exclusively to the
money’—-such as title insurance companies, investment money managers, retail real estate market. We have streamlined the process
commercial real estate companies-—need bankers with specialized industry of marketing and searching for retail space by aggregating
knowledge. Our dedicated group of financial intermediary professionals use listings into an easy-to-use, standardized and low cost plat-
a consultative approach and their particular expertise to provide their clients form. RetailMLS provides retail professionals immediate ac-
with customer-centric banking solutions. cess to the information needed to get to negotiations and
close deals faster. Stay tuned for our launch in the Summer 2012.
Founded in 1991, Meridian Capital
Schulte Roth & Zabel LLP is a multidisciplinary firm with
Group, LLC is one of the nation’s
more than 450 lawyers and offices in New York,
largest commercial real estate fi-
Washington, D.C., and London. Since the firm’s founding
nance and advisory firms. Meridian has arranged more than $120 billion of
in 1969, our focus has been on serving the financial
commercial real estate debt, including more than 27,500 transactions in 42
services industry. For real estate transactions, we
states. The firm is headquartered in New York with offices in New Jersey,
organize a team of attorneys from the appropriate
Maryland, Illinois, Florida and California. Working with a broad array of capi-
departments—tax, environmental, finance, etc. That
tal providers, Meridian arranges financing for transactions ranging from
team, in turn, coordinates with the clients’ other professionals and advisers
$500,000 to more than $500 million for multifamily, co-op, office, retail,
and, of course, with the client in determining how the transaction can be
hotel, mixed-use, industrial, healthcare, student housing, self-storage and
most effectively and efficiently structured and closed. The real estate
construction properties. www.meridiancapital.com.
practice at SRZ also serve as a part of the Distressed Investment Group,
which consists of over twenty partners, melds business reorganization,
finance, business transactions and tax expertise to provide focused
Margolin, Winer & Evens LLP is one of the advice on every phase of distressed investing.
largest accounting and business advisory
firms in the Northeast. Since 1946,
MWE has provided expert advice to a On the leading edge since
cross-section of the real estate industry, 1978, US Energy’s mission
including developers, owners and operators has been to help property
of commercial, industrial, retail and residential properties, as well as owners and managers conserve energy and reduce costs. Now, every prop-
financial institutions and individual investors. Our expertise covers a wide erty owner knows the world of energy use has changed forever and the
range of applications from rental and mixed-use facilities to cooperatives, days of cheap energy are long gone. The watchwords today are “operating
condominiums, community developments, hospitality, recreational and efficiency” and “conservation”. Certainly, there are many energy
special purpose facilities. MWE’s leadership in providing services to the conservation and money-saving products smart property owners and
real estate industry is based on a conviction that we serve a dual role as managers should consider, but Energy Management Systems (EMS),
accountants and business and financial advisors. Our goal is to assist integrated controls, fuel measurement and delivery verification, and
clients in structuring sound real estate transactions, as well as developing online monitoring are the essential “no-brainers.” They go to the heart
effective tax and finance strategies that address their overall business of a property’s energy use — providing information, control and
and financial objectives. provable cost-saving results.
Thank You to Our Summit Sponsors and Partners 7

8. RetailMLS is the first multiple listing service
dedicated exclusively to the retail real estate
market.
Retail MLS
SM
Contact us to become a beta tester:
212.729.1041 or support@retailmls.com YOUR COMPREHENSIVE MLS
www.retailmls.com FOR RETAIL LISTINGS