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
W. Benjamin Moreland, Executive Vice Chairman & former CEO of Crown Castle
Bill Bayless, CEO of American Campus Communities
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
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.