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Sep 1, 2014
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201301 January 2013

Executive Speaker Luncheon Series: Jerry Claeys III of Heitman

201301 January 2013

Real Estate Special Luncheon Speaker Event

201305 May 2013

Executive Speaker Luncheon Series: Christopher Merrill of Harrison Street

201305 May 2013

Executive Speaker Luncheon Series: Ward P. Feste of Peregrine Group

201406 June 2014

Sam Zell – Brave Leader Series

On February 10th, Equity Group Investments founder and chairman Sam Zell joined Dean Sally Blount ’92 to discuss the lessons he’s learned throughout his life as an entrepreneur. Zell grew up north of Chicago and told the audience that he got his entrepreneurial start as a teenager “importing adult magazines” from the Loop to his northern suburbs at a marked-up price.

Zell went on to earn his BA from the University of Michigan in 1963 and his JD in 1966. In 1968, Zell founded Equity Group Investments, which he grew into three of the largest public real estate companies in the United States: Equity Residential, Equity Office, and Equity Lifestyle. In 2007, the Blackstone Group purchased Equity Office Properties Trust for $39 billion – at the time, the largest LBO in history.

Zell credits much of his entrepreneurial success to being open to the ideas of others. “No one is afraid of me and therefore everyone challenges me,” said Zell. His three favorite words – “Take Me On” – encourage his employees, regardless of seniority, to disagree with him. Zell believes that through this Socratic method of investing “you understand risk and are able to [better] adjust for it”.

Another of Zell’s favorite anecdotes is that, until two years ago, he didn’t know his office had a door. “I’ve had the same office since about 1983 and about two years ago, I discovered that it had a sliding door”. Zell never knew it was there because his door has never been closed. This complete lack of “hierarchical access” encourages open dialogue between him and his employees and results in a more thoughtful consideration of risk and more creative investment ideas.

In terms of his views on real estate, Zell focused on liquidity – stating that “liquidity is value”. For this reason, Zell looks favorably upon the REIT model, because it provides a solution to the traditional liquidity challenges involved in owning real estate assets. As Professor Therese McGuire noted in her response to Zell’s speech, REITs are “genius” because they “turn very illiquid assets – buildings – into liquid assets” in the form of REIT stock.

According to Zell, no one has ever left a meeting wondering what he meant. His Brave Leader Series talk was no exception. Zell says what he thinks, frequently without filter, and encourages those around him to do the same. 

201406 June 2014

Executive Speaker Luncheon Series: Peter Schaff, LaSalle Investment Management

 

201312 December 2013

Executive Speaker Luncheon Series: Frank Cohen of The Blackstone Group

201312 December 2013

Executive Speaker Luncheon Series: Soultana Reigle of Prudential Real Estate Investors

201012 December 2010

Real Estate Executive Speaker Series: Bruce Cohen, CEO of Wrightwood Capital

200910 October 2009

The Collapse of the Finacial Markets and Implications for Real Estate

201012 December 2010

Real Estate Executive Speaker Series: Earl Webb ’81, President of U.S. Operations at Avison Young

201206 June 2012

EMBA Speaker Series: Jack Manning, Co-Founder and CEO of Boston Capital

201112 December 2011

Real Estate Executive Speaker Series: Seth Singerman
On October 12th, 2011, Seth Singerman, President and Managing Partner of Singerman Real Estate, discussed the fundamentals of real estate investing within the context of current market conditions at the latest in the Real Estate Executive Speaker Luncheon Series. Singerman, an alumnus of the real estate program at Cornell, began his career at JMB Capital during the 1980’s and later became a Director at GEM Realty Capital. He attended Kellogg and graduated in 2005. In 2008, he left GEM and recently started his own venture.

200805 May 2008

Real estate developer Gerald Fogelson still thinking big
Gerald Fogelson is well acquainted with success. Since 1955, he has built a national name for himself in real estate, and he attributes much of that to preparation and persistence.

200406 June 2004

Interview with Sam Zell
On May 5, 2004, Kellogg real estate students had a rare opportunity to discuss industry trends with one of the world’s foremost real estate entrepreneurs.

201001 January 2010

Jones Lang LaSalle Exec Shares Career Lessons
Self-awareness, alignment, perspective, relationships and competency—these are the factors that lead to a successful career, according to Peter Roberts of Jones Lang LaSalle.

200901 January 2009

Lunch with Perry Pinto, Walton Street Capital
On January 14th, 17 Kellogg Students had the opportunity to discuss the current state of the real estate markets with Perry Pinto, one of the first employees at Walton Street Capital. Walton Street is a private equity real estate firm, founded in 1994. Perry is currently a Principal in the Acquisitions group of Walton Street Capital and focuses on investments in the US. He also oversees all industrial acquisitions for the firm.

201206 June 2012

Real Estate Executive Speaker Series: Raymond “Rip” Gellein ’74, Chairman of Strategic Hotels

201206 June 2012

Real Estate Executive Speaker Series: David Neithercut, President and CEO of Equity Residential

200810 October 2008

Sam Zell: 'Exert control' for winning turnaround battle
Sounding a little like Thoreau as he addressed a few hundred students during an Oct. 6 visit to the Kellogg School, Tribune Co chairman and real estate billionaire Sam Zell laid out a framework for turning around distressed companies.

200911 November 2009

‘We all have to adapt to change’
Communication with stakeholders is critical in weathering the economic downtown, Transwestern CEO Stephen Quazzo says.

Quazzo discussed his career path and his current role as co-founder and CEO of Transwestern Investment Company, a real estate principal investment firm, on Oct. 21 before a Kellogg student audience. His talk was the first in this year’s Kellogg Real Estate Executive Speaker Series. 

 


200701 January 2007

Jeff Schwartz speaks about Strategic Dilemmas
Jeff Schwartz, the Chairman and CEO of ProLogis, visited Kellogg in January, holding a wide-ranging, interactive discussion with students at the Allen Center as a guest speaker in Dean Emeritus Donald Jacobs’ Strategic Dilemmas course.

201112 December 2011

Real Estate Executive Speaker Series: William Sullivan ‘83, CFO of Prologis