Dec
6
6:30 PM18:30

Club Meeting & Elections

Join us for networking and a talk from Matt Lucas, Project Manager at Sterling Bay.

Dress is nice business casual to business formal. Dinner and beverages will be served. This event will be taking place in the Pyle Center at 6:30 p.m.  

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Matt Lucas is a Project Manager with Sterling Bay Companies. In this role, he leads the development project team and is responsible for managing planning, design, entitlements and construction of Office, Mixed-Use, and Multi-Family projects in Chicago.

Mr. Lucas has 12 years of direct experience managing development projects, from acquisition to project disposition. This includes feasibility testing, scenario forecasting, and planning in Office, Hotel, Retail, Multi-Family, and Industrial asset classes. He has sourced business, structured and negotiated complex transactions, and executed development and construction projects from A to Z. Additionally, Matt has been responsible for 3.0M SF within a large institutional-grade portfolio, providing advisory on asset strategy, marketing, leasing, deal negotiation, and presentation of investment memoranda to equity and debt partners. Lastly, Matt has led and directed many construction, architecture and engineering teams on scope, schedule, budget and overall project completion.

He holds an MBA from the University of Minnesota – Carlson School of Management and a BA from Saint John’s University.

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Nov
15
6:30 PM18:30

Club Meeting & E.J. Plesko Award

Dress is nice business casual to business formal. Dinner and beverages will be served. This event will be taking place in the Pyle Center at 6:30 p.m.  

The recipient of this year’s E.J. Plesko award is James D. Letchinger! James is the President and Founder of JDL development.

 Jim Letchinger founded JDL Development in 1993 and to date, has developed more than 1,200 residential units with another 1,500 currently preparing to be in construction.  He launched his development career with a conversion of a 1940’s Benjamin Marshall building at 210 E. Walton St. in Chicago where he transformed 21 apartments into five unique residential condominiums. Mr. Letchinger quickly became known as one of Chicago’s most creative and respected residential developers, specializing in urban development where his expertise in entitlement and infill design provides a significant competitive advantage. Mr. Letchinger is intimately involved in all aspects of JDL’s projects, from inception to completion. His hands-on approach has helped JDL survive a number of real estate cycles.  Mr. Letchinger is a graduate of the University of Michigan. A life long resident of the City of Chicago, Mr. Letchinger is married with two grown children.

Jim Letchinger founded JDL Development in 1993 and to date, has developed more than 1,200 residential units with another 1,500 currently preparing to be in construction.

He launched his development career with a conversion of a 1940’s Benjamin Marshall building at 210 E. Walton St. in Chicago where he transformed 21 apartments into five unique residential condominiums. Mr. Letchinger quickly became known as one of Chicago’s most creative and respected residential developers, specializing in urban development where his expertise in entitlement and infill design provides a significant competitive advantage. Mr. Letchinger is intimately involved in all aspects of JDL’s projects, from inception to completion. His hands-on approach has helped JDL survive a number of real estate cycles.

Mr. Letchinger is a graduate of the University of Michigan. A life long resident of the City of Chicago, Mr. Letchinger is married with two grown children.

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Club Meeting - CEO Panel
Oct
25
6:30 PM18:30

Club Meeting - CEO Panel

Join us for networking and a talk from industry experts.

Dress is nice business casual to business formal. Dinner and beverages will be served. This event will be taking place in the Pyle Center at 6:30 p.m.  

At this REC meeting we will have a panel of three guest speakers and a moderator: Tom Heneghan, Ben Moreland, Bill Bayless, and Tim Pire (moderator):

  • Tom Heneghan, CEO of Equity International

 Tom Heneghan is Chairman of Equity International’s Management Committee, which oversees all of EI’s activities and the firm’s strategic vision and goals. Tom has worked within Sam Zell’s related companies for more than 25 years, including as Chief Executive Officer of Equity LifeStyle Properties, Inc. (NYSE:ELS). Tom currently serves as Vice Chairman of ELS’s Board of Directors.  Tom is also a member of EI’s Investment Committee and serves as a board member of Chai Trust Company, which serves as a trustee of various trusts for the benefit of Mr. Zell and his family. In addition, Tom is a member of the Board of Directors of Home Partners of America (“HPA”), a U.S. based single family rental platform.

Tom Heneghan is Chairman of Equity International’s Management Committee, which oversees all of EI’s activities and the firm’s strategic vision and goals. Tom has worked within Sam Zell’s related companies for more than 25 years, including as Chief Executive Officer of Equity LifeStyle Properties, Inc. (NYSE:ELS). Tom currently serves as Vice Chairman of ELS’s Board of Directors.

Tom is also a member of EI’s Investment Committee and serves as a board member of Chai Trust Company, which serves as a trustee of various trusts for the benefit of Mr. Zell and his family. In addition, Tom is a member of the Board of Directors of Home Partners of America (“HPA”), a U.S. based single family rental platform.

  • W. Benjamin Moreland, Executive Vice Chairman & former CEO of Crown Castle

 W. Benjamin (Ben) Moreland was appointed Executive Vice Chairman of Crown Castle in June 2016. Prior to his current role, Mr. Moreland served as President and CEO from July 2008 until May 2016 and Chief Financial Officer from 2000. He joined Crown Castle in 1999 after 15 years with Chase Manhattan Bank, primarily in corporate finance and real estate investment banking. Mr. Moreland is a former board member and Chairman of the Board of WIA-The Wireless Infrastructure Association and former member of the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT). He serves on the Board of Directors of Calpine Corporation (NYSE: CPN) and is a former board member of Monogram Residential Trust (NYSE: MORE), until its privatization in September 2017. Mr. Moreland also serves on the boards of the Greater Houston Partnership and Houston Methodist Hospital, where he chairs the subsidiary, Methodist Health Centers Board. He is a member of the University of Texas McCombs School of Business Advisory Council, and holds a BBA from The University of Texas at Austin and an MBA from The University of Houston.

W. Benjamin (Ben) Moreland was appointed Executive Vice Chairman of Crown Castle in June 2016. Prior to his current role, Mr. Moreland served as President and CEO from July 2008 until May 2016 and Chief Financial Officer from 2000. He joined Crown Castle in 1999 after 15 years with Chase Manhattan Bank, primarily in corporate finance and real estate investment banking. Mr. Moreland is a former board member and Chairman of the Board of WIA-The Wireless Infrastructure Association and former member of the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT). He serves on the Board of Directors of Calpine Corporation (NYSE: CPN) and is a former board member of Monogram Residential Trust (NYSE: MORE), until its privatization in September 2017. Mr. Moreland also serves on the boards of the Greater Houston Partnership and Houston Methodist Hospital, where he chairs the subsidiary, Methodist Health Centers Board. He is a member of the University of Texas McCombs School of Business Advisory Council, and holds a BBA from The University of Texas at Austin and an MBA from The University of Houston.

  • Bill Bayless, CEO of American Campus Communities

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As chief executive officer, Bill provides the guiding vision for the organization while providing strategic input and supporting the team in their execution of the company’s business plan. Known for his contagious enthusiasm and true passion for creating environments conducive for student success, he is widely recognized as the nation’s foremost expert on the student housing business. Over his 30 year career, he has been involved in the development and acquisition of more than $12 billion of student housing assets.

Under his executive leadership, American Campus has been one of the top performing publicly traded real estate companies in America. In the twelve years since going public, the company has averaged a compounded annual growth rate in net operating income in excess of 26 percent. In addition, the company’s same store portfolio has achieved average fall occupancy of 97.7 percent and has produced positive same store growth in rental rate, rental revenue and net operating income each and every year, even during the great recession. From the IPO to June 30, 2017, ACC stock has delivered a total shareholder return of more than 370 percent, outperforming the Morgan Stanley REIT Index, the S&P 500, the Dow Jones and the Nasdaq; with the company having grown to total enterprise value of nearly $9 billion.

In 2007, Bill was the Regional Winner of the coveted Ernst and Young Entrepreneur of the Year award, and was subsequently named as a National Finalist. In 2015, he was featured by Commercial Property Executive as one of commercial real estate’s Most Innovative Executives. In 2017, he was named the Ernst & Young Entrepreneur of the Year in the category of real estate, construction and lodging. He has also been featured in prominent publications, such as The Wall Street Journal, Forbes, and The New York Times; has made numerous appearances on CNBC; and has been featured on ABC’s Nightline. He is frequently invited to speak nationally and at business schools regarding American Campus’ success and his personal success as an entrepreneur. He has been recognized by his alma mater, West Virginia University, where he was added to the College of Business & Economics Roll of Distinguished Alumni and has been inducted into the WVU Academy of Distinguished Alumni. Bill is also a member of Mensa International.

For full bio, please follow this link: https://www.americancampus.com/about-us/leadership-team/executive-team

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Tim is the Director of the Applied Real Estate Investment Tract (AREIT) at the University Wisconsin-Madison.  In the AREIT program, a group of MBA students manage part of the University’s endowment into a REIT portfolio which Tim oversees.  In addition, Tim teaches a class on Real Estate Investment Trusts at UW-Madison. 

 

Tim also served on the Board of Directors of Monogram Residential a REIT focused on investing in multi-family properties in costal and several high growth markets.  At Monogram, Tim was Chairman of the Audit Committee and served on: the Nominating & Governance, Compensation and Evaluation Committees.  Tim has engaged in consulting assignments with several public and real estate companies on various projects.

Tim was a Managing Director and Portfolio Manager for Heitman’s public real estate securities group and was an equity owner of the firm. He analyzed public real estate securities at Heitman starting in1992 and managed the firm's investment process for all strategies. One of the industry’s most seasoned REIT analysts, Tim brings a unique perspective to the portfolio management team through his previous association with Lyon, Skelte & Speirs as an Associate Appraiser. As an appraiser, Tim was responsible for visiting, analyzing and valuing properties including retail, apartment, office and industrial properties, primarily in the Northwest.

Tim received an MS in Real Estate with an emphasis in finance and a BBA in Business with an emphasis in Finance, both from the University of Wisconsin. He earned his CFA in 1995. Among other professional affiliations, Tim is on the Board of Advisors for the Center for Real Estate of the University of Wisconsin-Madison School of Business. He is also on the Real Estate Board of Advisors for the Stephen L. Hawk Center for Applied Security Analysis of the University of Wisconsin-Madison School of Business, and is a member of NAREIT.

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Club Meeting
Oct
4
6:30 PM18:30

Club Meeting

Join us for networking and a talk from Luke Petherbridge, President and CEO of ShopCore Properties.

Dress is nice business casual to business formal. Dinner and beverages will be served. This event will be taking place in the Pyle Center at 6:30 p.m.  

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Mr. Petherbridge joined ShopCore in May of 2016 as President and Chief Executive Officer. Mr. Petherbridge has over 15 years of financial, global real estate and management experience, and is a trustee of the International Council of Shopping Centers (ICSC).

Previously, Mr. Petherbridge was the Chief Financial Officer & Treasurer of DDR Corp., one of the largest owners of shopping centers in the United States. While at DDR, he served in various roles and was responsible for various capital raising activities, actively managing the balance sheet, maintaining strong lender relationships and executing various corporate level transactions. Prior to DDR, Mr. Petherbridge was the Chief Executive Officer and a Director of shopping center owner EDT Retail Trust (formerly Macquarie DDR Trust), a company which had been publicly traded on the Australian Stock Exchange and previously managed in a joint venture between DDR and Macquarie Group. Before that, Mr. Petherbridge served as Director of Transactions with Rubicon Asset Management. While in this role, Mr. Petherbridge worked on approximately $5 billion of transactions focusing on United States, European and Japanese real estate and real estate structured finance.

Mr. Petherbridge holds his bachelor of commerce from Macquarie University. He is a member of the National Association of Real Estate Investment Trusts (NAREIT), the International Council of Shopping Centers (ICSC), the ICSC Open Air Conference Committee and the ICSC Nexus Conference Committee. 

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Club Meeting
Sep
20
6:30 PM18:30

Club Meeting

Join us for networking and a talk from Tan Phillips, Senior Vice President at Regions Bank. 

Dress is nice business casual to business formal. Dinner and beverages will be served. This event will be taking place in the Plenary Room (Grainger Hall).

Tan Phillips is a Senior Vice President at Regions Bank. She has been with the bank and predecessor banks for almost 30 years and is currently responsible for Real Estate Banking Strategy and Sales Performance.

Ms. Phillips started at First Alabama Bank as a teller in the bank’s main office in Birmingham, AL. She has moved through a myriad of different roles in her career and has been involved in the bank’s Commercial Banking, Dealer Finance, Corporate Banking, Real Estate Banking, and Private Wealth Management services.

Ms. Phillips is a graduate of Birmingham-Southern College in Birmingham, AL and has her MBA from the University of Alabama. She currently resides in Birmingham, AL with her husband and two daughters, Bijou and Scout.

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