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CMSA 15th Annual Convention
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Preliminary Brochure & Schedule of Events
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Structured Finance
Commercial Mortgage Securities Association
Co - chair s :
Marielle Jan de Beur
Managing Director
Wachovia Capital Markets
A Wells Fargo Company
Joan M. Sapinsley
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria, New York City
Managing Director
Resource Real Estate, Inc.
A Resource America, Inc. Company
Charles R. Spetka
Chief Executive Officer
CW Financial Services
re
Structured Finance
(Returning Liquidity to the Commercial Mortgage Market)
Commercial Mortgage Securities Association
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria
New York City
Welcome
Dear CMSA Members and Guests,
CMSA 15th Annual Convention
Welcome
In light of the unprecedented market changes we’ve witnessed,
CMSA is designing its 15th Annual Convention this year to
serve as your intersection between Wall Street, Main Street
and Pennsylvania Avenue.
As we begin the process of rebuilding our industry following a fundamental shift in the landscape,
CMSA welcomes all our valued members and market participants to New York to help plan the way
forward.
The industry is in flux as we adjust and innovate and continue to keep one eye on Washington
as it plays an increasingly important role in the capital markets. The new administration recently
announced several initiatives for government and the private sector to work together to help stabilize
the financial system and increase the flow of credit.
CMSA’s legislative and regulatory advocacy on behalf of the commercial mortgage finance industry
continues in earnest, and the June Convention promises to deliver insights for all market participants.
A preliminary look at some of the early General Sessions for 2009 includes a lively debate between
Special Servicers and Investment-Grade buyers. Also featured will be a panel of traders focusing on
whole loan, mezzanine debt and legacy-asset issues.
June’s Convention also will include two sessions related to CMSA’s legislative efforts. In one, panelists
will dive into mark-to-market accounting and REMIC reform. The other features a full debrief on
Treasury, Federal Reserve and administration efforts on the Term Asset Securities Lending Facility.
The TALF panel will be composed of market participants who are regularly involved in discussions
with policymakers.
Right now CMSA is planning the program to address recent market developments and additional
details will be available shortly. We’re confident our June Convention will provide you with valuable
expert opinions and opportunities to help chart a successful path through this year and beyond.
CMSA looks forward to welcoming you to New York’s Waldorf=Astoria for the 15th Annual
Convention June 8-10, 2009.
Yours sincerely,
Marielle Jan de Beur
Managing Director Wachovia Capital Markets
A Wells Fargo Company
Joan M. Sapinsley
Managing Director
Resource Real Estate, Inc.
A Resource America, Inc. Company
Charles R. Spetka
Chief Executive Officer
CW Financial Services
Co-Chairs, CMSA’s 15th Annual Convention
C M S A 15th Annual C onve ntion
page 2
re
Structured Finance
(Returning Liquidity to the Commercial Mortgage Market)
Commercial Mortgage Securities Association
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria
New York City
Preliminary Schedule of Events
Keynote Speaker
Monday, June 8
Monday, June 8
10:00 am – 2:00 pm Committee Meetings
12:00 noon – 1:00 pm Executive Committee Meeting (Closed meeting)
11:00 am – 2:00 pm CMBS 301® Seminars
12:15 pm – 2:15 pm Boxed Lunch in Cyber Café
2:15 – 3:45 pm Investors Forum (Open to Investors in commercial
real estate capital market finance products only)
4:00 – 5:00 pm Opening General Session
5:00 – 7:00 pm Opening Networking Reception
Tuesday, June 9
Tuesday, June 9
8:30 – 9:30 am 9:30 am – 12:45 pm 1:00 – 2:30 pm 2:30 – 3:30 pm 3:30 – 5:00 pm 5:00 – 7:00 pm Networking Continental Breakfast
General and Interest Group Sessions
Lunch with
Keynote Speaker
Paul Begala
Dessert Buffet
General Sessions
Networking Reception
Wednesday, June 10
Wednesday, June 10
8:00 – 9:00 am Networking Buffet Breakfast
9:00 am – 10:45 am General Sessions
11:00 am – 12:00 noon Board of Governors Meeting (Closed meeting)
Paul Begala
Mr. Begala first entered the national political scene
after the consulting firm he and fellow Democratic
strategist James Carville started, Carville & Begala,
helped President Bill Clinton get elected in 1992.
Serving in the Clinton administration as counselor
to the president, he was a close adviser to
President Clinton and helped define and defend
the administration’s agenda, serving as a principal public spokesman.
After leaving the Clinton administration, Mr. Begala joined Georgetown
University as a research professor of government and public policy. In
2007, he served as Carl E. Sanders Political Leadership Scholar at the
University of Georgia School of Law. He is currently an affiliated professor
of public policy at Georgetown University’s Public Policy Institute.
Carville & Begala’s other well known electoral successes as political
strategists include the 1986 gubernatorial victory of Bob Casey Sr., in
Pennsylvania, the 1991 Senate victory of Harris Wofford, also in Pennsylvania,
the 1990 gubernatorial victory of Georgia’s Zell Miller and the 1998
re-election of Sen. Frank Lautenberg of New Jersey. In 2006, Mr. Begala
served as a senior strategist for U.S. Senate campaign of Bob Casey Jr.
(D-Pa.) who defeated Sen. Rick Santorum (R-Pa.).
Mr. Begala is the author of several best-selling books, including Is Our
Children Learning?: The Case Against George W. Bush, and It’s Still the
Economy, Stupid. He also co-authored the best-seller Buck Up, Suck Up and
Come Back When You Foul Up with Carville, as well as Take it Back: Our
Party, Our Country, Our Future. His most recent book is, Third Term:
Why George W. Bush Loves John McCain. In addition, he helped John F.
Kennedy Jr. launch George magazine, where he served as a contributing
editor and wrote the “Capital Hillbilly” column.
Mr. Begala earned his undergraduate and law degrees from the University
of Texas at Austin, where he briefly taught before going to work for
Bill Clinton.
Program under development.
Please visit our website for
an up to the minute schedule –
www.cmsaglobal.org
C M S A 15th Annual C onve ntion
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re
Structured Finance
(Returning Liquidity to the Commercial Mortgage Market)
Commercial Mortgage Securities Association
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria
New York City
Registration Form
CMSA 15th Annual Convention Registration Form
June 8-10, 2009
Waldorf=Astoria, New York
Registration fee includes breakfasts, lunches, networking receptions and all Convention materials for each participant.
Participants are not registered until payment is received.
If you are currently unaffiliated with a company and would like to attend the Convention, please contact Megan Brandt-Meyer
for special pricing at 212.589.0956 or email register@cmsaglobal.org.
Please submit this registration form to CMSA®:
Online: Register online by visiting our website at www.cmsaglobal.org (username and password required)
By Mail: Return the completed registration form along with payment to CMSA, 30 Broad Street, 28th Floor, New York, NY 10004
By Fax: Fax your registration form to 646.219.0110.
NOTE: REGISTRATION ONLINE AND THROUGH THE CMSA OFFICE WILL CLOSE AT 5:00 PM (EDT) ON MONDAY,
JUNE 1, 2009. AFTER THAT TIME, ONLY ON-SITE REGISTRATIONS WILL BE ACCEPTED.
Registration Form
Please print clearly. All information is required. (Submit a separate form for each registrant.)
last name
first name
title
company
street address
city
state
phone
fax
e - mail address
Pre-RegistrationOn-Site Registration
(postmarked on or before Monday, June 1, 2009) (June 8-10, 2009)
CMSA Members $ 995
CMSA Members $ 1,295
Non-Members
$ 1,695
Non-Members $ 2,195
first name for badge
(Please give your Company Name exactly as it should appear on the Attendee List)
zip code
Payment Information
n Payment by check is enclosed. Please make check payable to CMSA.
n Wire Transfer. NOTE: Be sure to send your completed registration form to the CMSA office, indicating you are using a wire
transfer. Without a registration form, CMSA cannot guarantee transfer will be applied correctly. Please indicate attendee
name and company name on the wire transfer for quicker processing.
n Credit Card. I authorize you to charge my credit card in the amount of $
Please charge my n Visa®
credit card number
n Mastercard® security code
cardholder name
n Discover ®
n American Express ®
expir ation date
signature as it appears on the card
complete billing address
Which discipline best represents your function within the commercial real estate capital market finance industry?
n Investor n Senior Pieces n Junior Pieces n Both Senior & Junior Pieces n Issuer n Rating Analyst
n Research n Trader n Due Diligence Provider n Originator n Servicer n Other (Specify)
n If you have special needs addressed by the Americans with Disabilities Act, please check here and attach a statement.
Refunds: Cancellations must be received on or before May 13, 2009. All Cancellations are subject to a $100 cancellation fee per
attendee. No refunds will be given on any cancellations received after May 13, 2009. Participant substitutions may be made
at any time at no additional charge. Substitutions and cancellations must be made in writing, by e-mail or fax.
CMSA reserves the right to disclose and publish the names of those attending the conference on CMSA’s web site,
which is accessible to attendees only, and at the Convention.
For further information, please contact Megan Brandt-Meyer at 212.589.0956 or register@cmsaglobal.org.
C M S A 15th Annual C onve ntion
page 4
re
Structured Finance
(Returning Liquidity to the Commercial Mortgage Market)
Commercial Mortgage Securities Association
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria
New York City
Hotel Reservations
HOTEL RESERVATIONS:
CMSA has negotiated a rate of $299.00 per night at the Waldorf=Astoria.
Please note: Hotel reservations in the CMSA room block are NOT being placed through CMSA this year;
instead they should be made directly through the Waldorf=Astoria.
If you are interested in staying at the Waldorf=Astoria, please call the hotel directly at 1 (800) WALDORF (925-3673)
and mention the code “CMS”, or visit (copy and paste this link)
http://waldorfastoria.hilton.com/en/wa/groups/personalized/NYCWAWA-CMA-20090603/index.jhtml
to reserve your room online at the Waldorf=Astoria site.
In either case, you will receive your hotel confirmation from the Waldorf=Astoria.
call the Waldorf=Astoria
toll free for reservations:
Hotel Reservations
1 800 925 3673
www.waldorfastoria.hilton.com
C M S A 15th Annual C onve ntion
page 5
re
Structured Finance
(Returning Liquidity to the Commercial Mortgage Market)
Commercial Mortgage Securities Association
15th Annual Convention
June 8-10, 2009
Waldorf=Astoria
New York City
Sponsors
We’d like to thank the sponsors of the 15th Annual Convention*
Tote Bags
Sonnenchein, Nath & Rosenthal LLP
Water Bottles
Anderson, McCoy & Orta, P.C.
General Session
Deutsche Bank Securities Inc.
Lunch with Keynote Speaker
Morgan Stanley
Opening Networking Reception
Katten Muchin Rosenman LLP
Tuesday Networking Reception
Andrews Kurth LLP
Notepads
Trepp, LLC
Thank You to our Sponsors
CMBS 301 Seminar
Standard & Poor’s
Cyber Café
Wells Fargo
Wednesday Morning Networking Break
Credit Suisse
Sponsors
Inside Front Cover Convention Book
Dechert LLP
Boxed Lunches
Citigroup Global Markets
Tuesday Continental Breakfast
Cadwalader, Wickersham & Taft LLP
CIBC World Markets
Tuesday Morning Networking Break
PNC Real Estate/Midland Loan Services
Prudential Mortgage Capital Company
Exhibit Hall Raffle
Intex
Other
Freddie Mac
Media Sponsors
Commercial Mortgage Alert
Commercial Mortgage Insight
Commercial Real Estate Direct
National Real Estate Investor
*sponsors as of April 1, 2009
C M S A 15th Annual C onve ntion
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