WEST COAST STRUCTURED FINANCE CONFERENCE AGENDA

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12:00 Registration Begins – Taper Courtyard

1:00 Welcome / Opening Remarks

1:15 THE NEW RULES - WHAT A DIFFERENCE A YEAR MAKES -
– Magnin Auditorium

What Does the Balance of 2008 Hold Out for Real Estate and Structured Finance? * Is This Truly a Liquidity Crisis
or is Capital Just “On Strike” For Better Yields? * Where Are Property Fundamentals? – Will There Be a Second
Wave of Bad News in Real Estate? * “Getting the Pig Through the Python” – How Much Capital Overhang is
Out There and When Will New Ideas Get Funded? * Where Will the Opportunities Be in This Down Cycle and
Who Will Participate? * “Back to the Future?” - Are there 10% Cap Rates on the Horizon?

Moderator:
Michael L. Sanchez, Principal, CAPITALSTACK

Panelists:
Tim Campbell, Regional Director – West Region, GE REAL ESTATE
Nicholas Colonna, Partner, PACIFIC COAST CAPITAL PARTNERS, LLC
David Friedman, Managing Director – Fund Management, WRIGHTWOOD CAPITAL
Scott Schwartz – Managing Director-Head of Real Estate Originations, MARATHON ASSET MANAGEMENT

2:15 Break –

Sponsored by:

2:30 Concurrent Breakout Session 1

Session I-A – JOINT VENTURE EQUITY PANEL: REASSESSING RISK & RETURN –
WHERE ARE THE NEW OPPORTUNITIES?
– Magnin Auditorium

How is Risk and Return Being Reassessed? * Are You Still Competing With Debt Products – What is the New
Landscape? * Are We Now in a “Value-Added” World or Do Ground Up Opportunities Still Pencil? * Entitlement
Risk – Is This a Non-Starter? * For-Sale Product – Office / Industrial / Housing / Conversions – Do Opportunities Still
Exist? * Is Leverage Too Low to Achieve Target Returns?

Moderator:
Mark Strauss, Managing Director, COHEN FINANCIAL

Panelists:
Henry Bandet, President, HG CAPITAL, LLC
Dan Beaney, Managing Director, SHAMROCK CAPITAL ADVISORS, INC.
Harry Bruni, Managing Director, JP MORGAN REAL ESTATE PARNTERS
Paul Doocy, Principal & Executive Vice President, REAL ESTATE CAPITAL PARTNERS
Christian Garner, Managing Director – North American Equity, GE REAL ESTATE

Session I-B – REIT PANEL: ACCESSING REITs AS A CAPITAL PARTNER – WHAT TO LOOK FOR–
– Haas Conference Center

How Can a Developer/Operator Access REITs as a Capital Source? * How Are Deals Structured – Is There a
Difference From Traditional Capital Sources? * Time Horizons – Will REITs Take a Longview Approach to Its
Investments? * Does a REIT Need Cash Flow From the Get Go? * What Product Types, Markets and Business
Plans Are Most Desired? * Development Transactions – What Can a REIT Bring to the Table?

Moderator:
Daniel MacDonnell, Managing Director, CUSHMAN & WAKEFIELD|SONNENBLICK-GOLDMAN

Panelists:
Christopher Covey, Director – Preferred Equity Group, KIMCO REALTY CORPORATION
Ian Hafner, Development Manager, EQUITY ONE, INC.
Jay Kerner, Regional Director, CAPITAL AND COUNTIES USA
Michael VanderLey, Vice President - Investments, ARCHSTONE

3:15 Break -

Sponsored by:

3:30 Concurrent Breakout Session II

Session II-A - MEZZANINE PANEL: BRIDGING THE GAP AS THE LEVERAGE WATERS RECEDE -
– Magnin Auditorium

What is the Mezzanine Environment Like– Who Will Thrive? * Where Do the Opportunities Exist as Senior Debt
Leverage Decreases? * Where Will Mezzanine Debt Find Itself in the Capital Stack Today? * Development Deals
– Does a Ground Up Transaction Make Sense? * What Product Types, Markets and Business Plans Show the Most
Promise? * What Are the New Pricing Parameters?

Moderator:
Guy Johnson, President, JOHNSON CAPITAL

Panelists:
David Beckerman, Managing Director, METROVATION CAPITAL, LLC
Bruce Evans, Senior Vice President, MAQUARIE BANK LIMITIED REPRESENTIVE OFFICE
Geoff Koss, Senior Director – Fund Management, WRIGHTWOOD CAPITAL
Rob Perkins, Director of Investments, TDA INVESTMENT ADVISORS
Jay Rollins, President, JCR CAPITAL

Session II-B – NEW KIDS ON THE BLOCK: AN INTRODUCTION TO NEW CAPITAL SOURCES –
– Haas Conference Center

What Are Their Programs and How Are They Differentiated In the Market? * How Do Their Programs Compete in a
Capital Constrained Environment? * What Are the Advantages of Being a New Market Participant? * What Are
Volume Targets and Geographic Range? * What Product Types, Markets and Business Plans Provide the Best
Opportunities?

Moderator:
Scott McPherson, Principal, CAPITAL ADVISORY GROUP

Panelists:
Joe Cacciapaglia, Director of Investments, LLENROCK GROUP
Jim Ebert, President, BAYWEST REALTY CAPITAL
Michael Fleischer, Managing Partner, LINKS CAPITAL PARTNERS
Tom Whitesell, Principal, WHITEHAT CAPITAL

4:15 Break –

Sponsored by:

4:30 Concurrent Breakout Session III

Session III-A – STRUCTURED DEBT PANEL: LENDING IN A DE-LEVERAGED WORLD –
HOW CAN DEBT ADD VALUE TO THE TRANSACTION PROCESS TODAY? –
– Magnin Auditorium

What is the Current Status of the Debt Market Today? * What Value Does a Debt Provider Bring Today? * What
Do Debt Structures Look Like a Leverage Decreases? * Is Cash Flow King? – What About Deals That Are Heavy
on “Story” But Light on Coverage? * What Products, Markets and Business Plans Show the Most Potential? * What
Will Get a Lender’s Attention in Today’s Environment?

Moderator:
Paul Brindley, Senior Managing Director, HOLLIDAY FENOGLIO FOWLER, LP

Panelists:
Greg Galusha, Partner, PACIFIC COAST CAPITAL PARTNERS, LLC
Christopher Grey, Managing Director, EMIGRANT REALTY FINANCE, LLC
Sean Mahon, Managing Direct, WELLS FARGO BANK – REAL ESTATE MERCHANT BANKING GROUP
Edward Zimbler, Senior Vice President CAPMARK FINANCE
Mark Zytko, Chief Executive Officer, MESA WEST CAPITAL

Session III-B – DEVELOPER/OPERATOR PANEL: HOW TO JV OR ACCESS CAPITAL
FROM DEVELOPERS/OPERATORS AND WHAT THEY CAN BRING TO THE TABLE –
– Haas Conference Center

How Can a Developer/Operator Access Joint Venture, Preferred or Mezzanine Capital? * Balance Sheets For
Rent? – Will a Capital Provider Also Provide Credit Enhancement and At What Cost? * What Type of
Infrastructure Can Be Provided – Going Cradle to Grave? * Market and Operating Knowledge – What Else Does
a Capital Provider Bring to the Table? * What Product Types, Markets and Business Plans Show the Best
Opportunities?

Moderator:
Brad Sevier, President, HIGHLAND REALTY CAPITAL, INC.

Panelists:
John Lustgarten, Vice President, LOWE ENTERPRISES INVESTORS, LLC
Justin Rimel, Vice President, CIM GROUP
Brian Shirken, Co-Founder and Principal, COLUMBUS PACIFIC PROPERTIES
John Williams, Managing Partner, Capital Markets, CARMEL PARTNERS, INC.

5:15 Networking/Cocktail Program Begins – Lender/Investor Showcase
-Taper Courtyard

Sponsored by:

7:30 Program Ends