The 2012 SREC Annual Meeting was held November 8th – 10th at the Rosewood Sand Hill Resort and the Knight Management Center at Stanford University. In the 2nd year of this annual conference approximately sixty senior executives from the real estate industry participated in the multi-day event. Highlights of the weekend included a lively roundtable discussion about the future of opportunity funds and the current state of capital markets, a presentation by world class economist Maurice Obstfeld on the Eurozone crisis, and presentations by Golden State Warriors owner Joe Lacob and 49ers COO Paraag Marathe on their respective arena and stadium plans.
The SREC conference is exclusively kept to a small group to facilitate a quality exchange of ideas and interactions not typically found at other conferences. The conference proceedings are off the record and participants are encouraged to question one another’s assumptions. The conference attendees represented a who’s who of Stanford alumni participating at the highest levels of the real estate industry across the country. The SREC conference is a program of Stanford Professionals in Real Estate and is available to SREC members. Once again Stanford Management Company’s David Hood was in attendance and provided commentary on the endowments approach to real estate investments in relation to their portfolio of assets.
The kickoff event for the conference, a welcome dinner and reception, was held at the Rosewood Sand Hill where Hoover Institute Research Fellow Bill Whalen provided analysis and commentary on the Presidential Election held just two days prior.
The main conference programming was held on the 4th floor of the Bass Center at the Knight Management Center on the campus of Stanford University. The board room overlooking the GSB campus and the Stanford foothills was a dramatic backdrop for a series of panels and speakers. The first panel of the day focused on Capital Markets and was moderated by Ron Sturzenegger of Bank of America. The second panel focused on residential real estate challenges and opportunities and was moderated by David Butler of Argosy Real Estate Partners. The crossroads of sports venues and real estate panel, moderated by Lou Cohen of Locke Lord LLP, highlighted several upcoming and built sports venues with panelists including professional team ownership principals and Stanford faculty.
Special guest speakers were part of the day’s proceedings. Mark Hayes, the Managing Director of Portfolio Strategy for Stanford Management Company, discussed the State of the Stanford University Endowment and their latest portfolio allocation. Maurice Obstfeld of UC Berkely whose keynote “Understanding the Eurozone Crisis and Its Global Impact” brought clarity to a major event that is impacting investments around the world.
On Saturday many of the conference attendees attended the Stanford vs. Oregon State football game. They witnessed a thrilling comeback win with Cardinal topping the Beavers 27 – 23.
The SREC conference once again delivered on its objective to provide a platform for unparalleled networking, interaction, and thought leadership for alumni at the highest level of the real estate industry.