Distressed Debt Breakfast Forum Presented by the Center for Real Estate
Studies at New York Law School
New York, NY (November 16, 2009)—The Center for Real Estate Studies at New York Law School will present a breakfast forum on “Distressed Debt and Alternative Real Estate Investments,” Wednesday, November 18 at 8:15 a.m. at the Law School, located at 185 West Broadway.
“The Center is proud to present this forum on distressed real estate, a very timely subject as the real estate industry grapples with financial work-outs and other methods of preventing foreclosure,” Professor Andrew Berman, Director of the Center for Real Estate Studies, said. “With speakers who are all industry leaders, we will explore successful strategies for investing in distressed real estate, identify traps to avoid when investing and make predictions on investing trends to come.”
This forum will feature a panel of three distinguished speakers who will discuss their professional perspectives on the distressed debt markets today.
Joseph P. Forte is a partner at Alston & Bird LLP and a member of the firm’s Real Estate Finance & Investment Group. He has substantial experience in commercial real estate finance, particularly the origination of mortgage loans, and the workout and enforcement of portfolio and securitized loans, with a focus on complex real estate finance for capital markets. His expertise also extends to permanent, bridge, and construction mortgage lending; mezzanine finance, pari passu, and subordinate debt; co-lending and participation arrangements; loan sales and purchases; and loan workouts, foreclosures, and restructurings.
Marc Lasry ’84 is the Chairman, Chief Executive Officer, and a co-founder of Avenue Capital Group and a co-founder of Amroc Investments. He is responsible for day-to-day investment responsibilities for the Avenue U.S. Strategy. Distressed investing has been the focus of his professional career for more than 23 years. Lasry was formerly the Co-director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company and Director of the Private Dept Department at Smith Vasiliou Management Company. Lasry also clerked for the Honorable Edward Ryan, former Chief Bankruptcy Judge of the Southern District of New York. He serves on the board of advisors or directors of both for-profit and non-profit public and private companies unaffiliated with Avenue.
Norman J. Radow ’81 is President of The RADCO Companies, which he formed in 1994 to buy and redevelop the 53-story Grand Hotel, Office, and Condominium Tower in Atlanta into a Four Seasons Hotel. Since then, RADCO has developed, redeveloped, or restructured most types of real estate, which were nearly all turnaround situations in various cities all over the country. Currently, RADCO has $2.5 billion in assets under active development and has consulted on or managed more than $2 billion in loan restructures and workouts in the last year alone. Radow has been widely quoted on real estate matters in the press, including the New York Times, the Wall Street Journal, and the New York Law Journal, among others.
This event is free and open to the
public. Register by calling the Center for Real Estate Studies at
212.431.2135 or visiting: www.nyls.edu/realestate. Press may
RSVP to LaToya Jordan at LaToya.Jordan@nyls.edu or
212.431.2191.
About the Center for Real Estate
Studies
The Center for Real Estate Studies (CRES) at New
York Law School provides students with a unique educational opportunity to
study both the private practice and public regulation of real estate.
Leveraging the School’s location in the prime real estate market of
New York City, the Center enables students to gain practical experience in
the real estate community and make contacts for future employment. Launched
in 2007, the Center offers an extensive selection of classroom courses,
advanced seminars, and independent study projects, as well as externships
in governmental offices and real estate firms. It also sponsors
conferences, symposia, and continuing legal education programs on a broad
spectrum of issues. The Center for Real Estate Studies aims to help bridge
the existing gap between the private practice and academic study of real
estate, and is one of the premier research centers in the country for the
study of real estate.
About New York Law School
Founded in 1891, New York Law School is an independent law
school located in lower Manhattan near the city’s centers of law,
government, and finance. New York Law School’s renowned faculty of
prolific scholars has built the School’s strength in such areas as
constitutional law, civil and human rights, labor and employment law,
media and information law, urban legal studies, international and
comparative law, and a number of interdisciplinary fields. The School is
noted for its eight academic centers: Center on Business Law & Policy,
Center on Financial Services Law, Center for International Law, Center for
New York City Law, Center for Professional Values and Practice, Center for
Real Estate Studies, Institute for Information Law & Policy, and
Justice Action Center. New York Law School has more than 13,000 graduates
and enrolls some 1,500 students in its full- and part-time J.D. program
and its four advanced degree programs in financial services law, real
estate, tax, and mental disability law studies. www.nyls.edu
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