Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921

T 212.431.2135E realestate@nyls.edu

ROOFTOPS CONFERENCETHE

Friday, April 24, 20158:30 a.m.–2:00 p.m.

New York Law School185 West Broadway

Presented by Center for Real Estate Studies

Property Perspectives for Not-for-Profit Organizations

2015

NYC

SINCE 1891

WE ARE NEW YORK’S LAW SCHOOL

Copyright © 2015 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.

Project Mission and Goals

The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:

n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.

n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.

n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.

ROOFTOPS PROJECTTHE

ROOFTOPS PROJECTTHE

Founder and Director of The Rooftops Project: James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School.

The Rooftops Project Team: Student and Alumni Team MembersCurrent Student Members 2014-15

Barbara Beau (Class of 2015)

Lana Buchbinder (Class of 2015)

Katherine DiSalvo (Class of 2015)

Shannon Doherty (Class of 2015)

Naveed Fazal (Class of 2015)

Mehgan Gallagher (Class of 2015)

Elizabeth Hamilton (Class of 2015)

Karolina Robel (Class of 2015)

Alexa Bonaros (Class of 2016)

Dana Cimera (Class of 2016)

Elvira Kulyak (Class of 2016)

Zulaihat Nauzo (Class of 2016)

Sahar Nikanjam (Class of 2016)

Jennessy Rivera (Class of 2016)

Payal Thakkar (Class of 2016)

Jordan Moss (Class of 2017)

Alumni (Past Student Members):

Marzena Fercz (Class of 2011)

Rachel Logan (Class of 2011)

Sushma Rambaran (Class of 2011)

Leslie Franco (Class of 2012)

Mark Lapidus (Class of 2012)

A.J. Sokoloff (Class of 2012)

Toby Vickers (Class of 2012)

Amanda Waye (Class of 2012)

Stacy Dasaro (Class of 2013)

Eda Derhemi (Class of 2013)

Renaldo Phillips (Class of 2013)

Kristen Porro (Class of 2013)

Jennifer Scolnick (Class of 2013)

Arthy Bakthavatsalam (Class of 2014)

Emily Barile (Class of 2014)

Carlee Cooper (Class of 2014)

Kelly Cooper (Class of 2014)

Scott Haggmark (Class of 2014)

Dmitriy Ishimbayev (Class of 2014)

Shaan Lodi (Class of 2014)

Aimie Nghiem (Class of 2014)

Tamara Salzman (Class of 2014)

Sampada Solapurkar (LL.M., Class of 2014)

ROOFTOPS CONFERENCE AGENDATHE

8:30 a.m.

Registration and Continental Breakfast

9:00 a.m. – 9:15 a.m.

Snapshots from the Rooftops: Welcome and Introductory RemarksConference Moderator: James Hagy, Distinguished Adjunct Professor and Director of The Rooftops Project, New York Law School

9:15 a.m. – 9:45 a.m.

The Trades Talk

Speakers: Michael Doherty, President, Building Maintenance Service LLCMike Kahwaty, Senior Inspector, Bell Environmental ServicesErnie Scerbo, PE, CEA, LEED AP, Associate, Jaros Baum & BollesWhat can not-for-profit organizations do to enhance the operation of the facilities that they own and occupy? How can they anticipate upcoming maintenance and repair needs, including major upgrades or replacement of building components and systems? What are the merits of preventive versus reactive maintenance? What about those 3:00 a.m. emergencies? What if you are a tenant? And how can organizations make good selections and promote relationships with service providers across the necessary building trades? Our panel of senior professionals in the trades will share their perspectives on what works and what doesn’t.

9:45 a.m. – 10:15 a.m.

Incorporating Sustainability in Not-for-Profit SpacesBrad Molotsky, LEED Green Associate, Executive Vice President and General Counsel, Brandywine Realty TrustHow can not-for-profit organizations incorporate sustainable technologies into new construction and renovation projects? What are the benefits and costs of seeking LEED or other industry designations? How can organizations implement “green” concepts in existing building operation and renovation? How can the trend toward sustainability affect not-for-profits as tenants? What first steps can be taken by smaller organizations and those with resource constraints?

10:15 a.m. – 10:30 a.m.

Break

10:30 a.m. – 11:30 a.m.

In Site: Occupancy Strategies in a (Relentlessly) Upward Real Estate MarketGuest Co-Moderators:Susan Sack, Managing Director, Real Estate, Robin HoodMeg Ventrudo, Executive Director, Jacques Marchais Museum of Tibetan Art

Team One (Arts Organization Scenario):Alan J. Horwitz, AIA, LEED AP BD + C, Director of Architecture Firmwide and Managing Director, New Jersey Office, G3 ArchitectureRichard Warshauer, Senior Managing Director, Colliers International NYC LLC

Team Two (Social Services Organization Scenario):Robert Shansky, Of Counsel, Scarola Malone & Zubatov LLPStephen Powers, Director of Transactions, Denham Wolf Real Estate ServicesHow can not-for-profits approach both new-project site selection and leased-space searches in a competitive real estate market where property prices and effective rents are relentlessly on the rise? In this interactive session, two teams of New York City professionals will be given occupancy scenarios posed by two fictional—but realistic—not-for-profit organizations: one in the arts and one in social services. The teams will reveal their suggested approaches to guest moderators representing the mock clients and engage in a dialogue about the paths forward!

11:30 a.m. – 11:45 a.m.

Break

11:45 a.m. –12:30 p.m.

A Funding Toolbox for Physical Space ProjectsGuest Moderator: Michael J. Horvitz, Chairman, Parkland Management Company

Speakers: Paula Park, Vice President, BankUnitedKevin Quinn, President, Wye River Group, IncorporatedRonald F. Ries, CPA, Partner, WeiserMazars LLPHouman B. Shadab, Professor of Law, Co-Director, Center for Business and Financial Law, New York Law SchoolWhat is the menu of funding alternatives for real estate capital projects in the not-for-profit sector? What considerations are relevant in making a selection? How do institutional funders think about organizations’ infrastructure needs and costs? How do lenders evaluate not-for-profit creditworthiness? What resonates with donors? Looking beyond capital campaigns for new buildings and expansions, what about ongoing facilities operations and building repairs and refurbishments?

12:30 p.m. – 1:30 p.m.

Luncheon Program: Communicating Through and About Your SpaceSpeakers: Thomas Kaufman, Independent Director of PhotographyLarry Mufson, Principal, The Mufson Partnership, a Nelson CompanyAmy Sananman, Founder and Executive Director, GroundswellHow can you craft an effective message for funding physical space projects, large or small? In what ways does physical space express your mission, your messages, and your brand? What are the opportunities? Our experienced panel will explore techniques for communicating about your space, and for using your space to communicate.

1:30 p.m.

ReceptionOur reception offers a chance, over dessert and beverages, to meet peers and to chat with our speakers, panelists, faculty, and students involved in The Rooftops Project.

MODERATOR

JAMES HAGY Distinguished Adjunct Professor Director, The Rooftops Project, New York Law School

Jim is Distinguished Adjunct Professor of Law at New York Law School. He also founded and directs The Rooftops Project at New York Law School’s Center for Real Estate Studies. Jim also serves as an affiliated transnational professor at Peking University School of Transnational Law and lectures frequently at other

universities and for business audiences in the United States and abroad. During his 28-year career with Jones Day, the global law firm, Jim served for 10 years as the co-chair of the firm’s worldwide general real estate practice. He also formed and chaired the firm’s Corporate Real Estate Services practice worldwide. He advised a broad range of Fortune 500, FT 500, and private companies in major national and international transactions.

PANELISTS AND SPEAKERS

MICHAEL DOHERTYPresident, Building Maintenance Service (BMS), LLC

Mike is President of Building Maintenance Service (BMS), LLC. He has served in this role for the past 15 years and has 35 years total in the building services industry. He is a lifelong resident of Manhattan. BMS is a fully integrated facilities services company headquartered in New York City, with branch offices in Washington,

D.C., Virginia, and Chicago. Consisting of 3,000 employees, BMS performs janitorial, security, architectural surface maintenance, and window cleaning services.

MICHAEL J. HORVITzChairman, Parkland Management Company

Michael is Chairman of the Board of Parkland Management Company, a family investment office. He is a trustee of the Frick Collection in New York and of the Cleveland Orchestra and The Cleveland Clinic Foundation. He has extensive experience with building and expansion projects for not-for-profit institutions.

Michael is a Trustee Emeritus of Case Western Reserve University, the University of Virginia Law School Foundation (where he chaired the board for six years), and the Cleveland Museum of Art (where he served as President from 1996 to 2001 and as Chairman of the Board from 2001 to 2011). A retired partner in the international law firm of Jones Day, Michael practiced for more than 30 years in the areas of tax, business transactions, and personal planning for privately owned businesses, substantial families, and not-for-profit entities.

ALAN J. HORWITz, AIA, LEED AP BD + CDirector of Architecture Firmwide and Managing Director, New Jersey Office, G3 Architecture

As the Director of Architecture for G3, a multi-office design practice based in New York City, Alan works with clients to ensure that the firm’s design services for new construction projects are fulfilling the owner’s stated goals, and he identifies opportunities for innovative designs wherever they may exist. Alan is

fond of saying, “There’s a design opportunity in every project. Our job is to find it, and develop it to the client’s satisfaction.” Previously, Alan worked for a variety of small, midsize, and large architectural firms. He has worked in project leadership positions at all scales of the profession, from interior renovations to new buildings to urban design. He has worked in many different market sectors, including corporate, higher education, hospitality, retail, health care, government/institutional, nonprofit, and multi-family/mixed use. His deep interest and knowledge of sustainable design has provided leadership opportunities in the environmental community. In 2012, Alan created the first course in sustainable design ever offered at Berkeley College, where he serves as an Adjunct Instructor in the Interior Design program. Alan earned a Bachelor of Science in Architecture degree from the University of Detroit and a Master of Architecture degree from the University of Wisconsin-Milwaukee.

ROOFTOPS CONFERENCE SPEAKERSTHE

MIKE KAHWATYSenior Inspector, Bell Environmental Services

Mike is a senior inspector with Bell Environmental Services, a pest control company that specializes in general pest control, bed bug control, and bird control services throughout the New York metro area and throughout the United States.  He has been in the pest control field for over 20 years, starting as a pest

control technician. He has been involved in the identification and elimination of vermin of every kind, from wood-destroying pests in residential homes to beg bugs in commercial kitchens. Mike’s recent main focus has been on Bell’s fastest growing divisions, bed bug control and K9 services, including the well-known Roscoe, the bed bug dog.

THOMAS KAUFMANVideo Producer/Director

Tom is an Emmy-winning producer/director, with more than 35 years of film industry experience. As a cinematographer, his projects range from Nova and Frontline on PBS to National Geographic and Discovery Channel specials. He has worked for top Democratic political consultants,

such as David Axelrod, Frank Greer, Mandy Grunwald, and many others. Tom produced the Emmy-winning See What I’m Saying (1993), which showed how learning to communicate changes the lives of deaf children and their families. He was cinematographer on The Holocaust: In Memory of Millions (1994), a Discovery production hosted by Walter Cronkite, which won an Emmy. He has also shot films for Academy Award winners Charles Guggenheim, Barbara Kopple, and Mark Jonathan Harris. Tom is a published author, and his novels include Drink the Tea (2010) and Steal the Show (2011), both published by St Martin’s Press. A graduate of the University of Southern California, Tom holds a B.A. and an M.F.A. in Film and Video Production.

BRAD MOLOTSKYLEED Green Associate, Executive Vice President and General Counsel, Brandywine Realty Trust

Brad is Executive Vice President and General Counsel of Brandywine Realty Trust, and co-creator of Brandywine Environments, Brandywine’s portfolio-wide sustainability and energy efficiency initiative. He is a member of the National Association of Real Estate Investment Trusts (serving as Program Chair for its

Leader in Light program), the Real Estate Roundtable (formerly serving as the Vice Chair of its Sustainability Task Force), and the National Association of Office Properties (formerly serving as Co-Chair of the New Jersey chapter’s Energy Committee). He also serves on the Advisory Boards of the Greater Philadelphia Energy Efficiency in Buildings Innovation Cluster, the Department of Energy’s Green Leasing Leaders Committee, and Keeping American Beautiful; is a board member of Committee of Seventy, the Delaware Valley Green Building Council, the Leukemia and Lymphoma Society—Philadelphia Chapter (co-chair), the Jewish Federation of Southern New Jersey, and the Greater Philadelphia JFRE Executive Committee; and serves as President of Jewish Community Properties Inc. He was selected as a Martin Luther King Jr. Freedom Medal Award winner for Camden County for his community service, as In House Counsel Award winner by the Philadelphia Business Journal in 2014, as a Community Service Leader in Southern NJ by the PBJ in 2014, and as a Pennsylvania Super Lawyer each year since 2004. He testified before the U.S. Senate Energy Committee on energy efficiency in 2012 and 2013 and co-founded the Tri-State Annual Sustainability Symposium, which, now in its fifth year, attracts over 875 attendees annually. He holds an M.B.A. and a J.D. from Villanova University.

LARRY MUFSONPrincipal, The Mufson Partnership, a Nelson Company

Larry is a graduate of the Syracuse University School of Architecture, and began his career in corporate planning and design in 1977. After joining Toronto-based Marshall Cummings Mufson + Associates in 1982, Larry subsequently opened its U.S. branch office in 1990. There, he became known for his unique

design aesthetic and innovative problem solving. Larry built a reputation as a skilled manager with a progressive leadership style and a creative and knowledgeable staff of professionals, and, in 1994, he and partner Ed Von Sover acquired Marshall Cummings + Associates’ New York operation and established The Mufson Partnership. Larry Mufson is a hands-on Design Director whose creative vision and understanding of the clients’ needs guide the design phase of every project. Favoring originality of design over a signature, Larry’s unchanging goal is to provide clients the highest quality planning and project management from inception through completion, emphasizing the process of collaboration throughout. His work has been published in The New York Times, Interior Design, Corporate Interiors, Progressive Architecture, and Professional Office Design.

PAULA PARKVice President, BankUnited

Paula serves as Vice President in BankUnited’s Nonprofit Lending Group and is a respected advisor known for developing creative financial solutions for tax-exempt organizations. Paula has over 23 years of experience in satisfying the needs of tax-exempt organizations. Paula’s experience includes relationship

management at both the Wells Fargo Education and Nonprofit Group and the JPMorgan Chase Bank Not-For-Profit Group, plus managing the Not-For-Profit Group for a local New York City bank. Paula has personal experience in the nonprofit community in senior board roles and as a consultant, a grant maker, and a volunteer.

STEPHEN POWERSDirector of Transactions, Denham Wolf Real Estate Services

Stephen joined Denham Wolf in 2008, bringing to the company his extensive experience in public-private partnerships, city planning, real estate development, and strategic marketing. At Denham Wolf, Stephen provides consulting, brokerage, and financial analysis services, guiding a range of cultural,

professional, and educational organizations through the full scope of the real estate process. His clients have included The Atlantic Foundation, Young Judaea Global, The Doe Fund, Children’s Museum of Manhattan, Harlem Academy, The Center for Family Representation, and The National Opera Center. Stephen is committed to helping his clients meet their missional objectives through strategic real estate planning and implementation. The results of his persistence, dedication, and passion can be seen in the Center for Family Representation’s new Queens headquarters, serving thousands of families at risk of losing their children to the foster care system. Prior to joining Denham Wolf, Stephen served as a research coordinator for New York University’s Schack Institute of Real Estate, working directly with the Divisional Dean to identify and analyze successful public-private partnership methods globally. Additionally, Stephen worked for the St. Louis City Planner and Mayor to identify promising urban redevelopment projects in St. Louis. The project won a World Leadership Award in 2006 from the World Leadership Forum in London.

KEVIN QUINNPresident, Wye River Group, Incorporated

Kevin received an M.B.A. from the University of Maryland Business School, a J.D. from the University of Maryland Law School, and a B.A. from Loyola College. He has 30 years of public, corporate, and real estate finance experience. From 1979 to 1982, Kevin was an attorney at Miles & Stockbridge in Baltimore. From

1982 to 1994, he was employed as an investment banker at Alex. Brown & Sons, where he progressed from the positions of Associate to Managing Director, and served during his last four years as head of the Public Finance Department. In 1994, Kevin became Managing Director and head of Investment Banking for H.C. Wainwright & Co. in Boston. In 1999, he launched Wye River Group and has played an active role in nearly all of the firm’s transactions since that time. Over the course of his career, Kevin also served as lead banker or advisor on over 300 engagements including public and private offerings of equity and debt securities, mergers and acquisitions, and divestitures.

ROOFTOPS CONFERENCE SPEAKERSTHE

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RONALD F. RIES, C.P.A.Partner, WeiserMazars LLP

Ron provides audit, tax, and consulting services to both not-for-profit and for-profit organizations. Over the past 20 years, he has concentrated on the not-for-profit sector, including public accounting work with the firm Goldstein Golub Kessler LLP, where he ultimately became head of its Not-for-Profit

Services Practice. More recently, Ron spent five years as Chief Financial Officer at the Jewish Board of Family and Children’s Services. Ron lectures and writes frequently on operating and fiscal matters, primarily in the not-for-profit sector, and is a contributing editor at The Practical Accountant, a professional publication. Ron received his B.B.A. degree from The City College of New York.

SUSAN SACKManaging Director, Real Estate, Robin Hood

Susan serves as Managing Director of Real Estate at Robin Hood. At Robin Hood, Susan is responsible for the foundation’s Capital Grant Initiative, a program that provides technical assistance and funding to help grantee organizations with real estate and facilities issues. Prior to joining Robin

Hood, Susan was a Vice President in the Merchant Banking division at Goldman, Sachs & Co. and an associate in the real estate department at Sullivan & Cromwell. Susan earned a B.A. from Wellesley College and a J.D. from the University of Pennsylvania.

AMY SANANMANFounder and Executive Director, Groundswell

Amy is Groundswell’s Founder and Executive Director. She oversees Groundswell’s strategic direction, with a particular focus on fostering Groundswell’s partnerships with other organizations, and developing new initiatives and capacity-building projects. Motivated by her long-standing fascination with murals, Amy

conceived of Groundswell in 1996 with the mission to bring together professional artists, grassroots organizations, and communities to create high-quality murals in underrepresented neighborhoods and inspire youth to take active ownership of their future by equipping them with the tools necessary for social change. Over the past 18 years, Groundswell has worked with thousands of community members to complete more than 450 collaboratively-designed and painted murals across New York City. Amy holds a master’s degree in Public Policy from the University of California at Berkeley. Her accolades include the NYU/Wagner School’s Rudin Award for Community Service through the Arts and the prestigious 2006 Union Square Award for her leadership in developing Groundswell as a grassroots asset. She has lectured on public art as a tool for social change at venues including: the Bronx Museum of Art, the Brooklyn Museum, Harvard, the New School for Social Research, Pratt Institute, Columbia University, Teachers College, CUNY’s Hunter School of Social Work. and the Partnership for After School Education. She lectures at Pratt Institute on Arts and Community Development.

ERNIE SCERBO, PE, CEA, LEED-APAssociate, Jaros Baum & Bolles

Ernie is an Associate with the firm of Jaros Baum & Bolles, a full-service mechanical and electrical consulting engineering firm based in New York City specializing in the design of large commercial and institutional projects throughout the world. Since joining the firm in 2004, Ernie has functioned

as lead Mechanical Engineer for numerous new construction and retrofit projects located both within the United States and abroad. He currently is part of the sustainable design practice at JB&B, and has been involved with several significant green building projects, including the Bank of America Tower at One Bryant Park, 7 World Trade Center, 1 World Trade Center, and Columbia University’s Medical Center Graduate and Educational Building. Ernie holds a Bachelor of Science Degree (magna cum laude) from Virginia Polytechnic Institute and State University and a Master of Engineering Degree from Stevens Institute of Technology. He is a Licensed Professional Engineer in New Jersey and LEED Accredited Professional.

ROOFTOPS CONFERENCE SPEAKERSTHE

HOUMAN B. SHADABProfessor of Law, Co-Director, Center for Business and Financial Law, New York Law School

Houman is a Co-Director of the Center for Business and Financial Law and also serves as the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions. His research focuses on hedge funds, derivatives, securitization, commercial transactions, and cryptocurrencies such as Bitcoin.

He has testified before the federal government several times, including before the Commodity Futures Trading Commission on Bitcoin derivatives and before Congress on hedge funds and the financial crisis. He often advises corporations, financial institutions, and startups on issues relating to compliance, litigation, and operations. He is the author of numerous academic articles published in journals such as the New York University Journal of Legislation and Public Policy and the Stanford Journal of Law, Business, and Finance. He has also written chapters in books published by Oxford University Press and Wiley Finance. He regularly shares his insights on his blog, Lawbitrage. Prior to entering academia, Houman practiced law with Ropes & Gray in New York City and Latham & Watkins in Los Angeles.

ROBERT SHANSKYOf Counsel, Scarola Malone & zubatov LLP

Bob is an experienced and widely respected transactional real estate lawyer. His practice includes transactions in a wide array of complex real estate and corporate matters, including acquisitions, dispositions, leasing, financing, and development of commercial, industrial, warehouse, and residential projects. He

represents financial institutions, corporations, hedge funds, private equity funds, and retail companies, as well as individuals. Before joining Scarola Malone & Zubatov, Bob practiced for 27 years with the New York office of Jones Day, where he was a partner for 23 years. He is an elected Fellow of the American College of Real Estate Lawyers and has been repeatedly selected for inclusion in New York Super Lawyers (2006-13). He has spoken frequently on real estate issues at American Bar Association, New York State Bar and PLI programs and was a contributing editor to the treatise Commercial Leasing (Second Edition), published by The New York State Bar Association in 2010. He graduated from the University of Wisconsin (B.A., Phi Beta Kappa) and the Harvard Law School.

MEG VENTRUDOExecutive Director, Jacques Marchais Museum of Tibetan Art

Meg has served as Executive Director of the Jacques Marchais Museum of Tibetan Museum of art for more than 10 years. The Museum, located on Staten Island, is housed in a facility constructed by its founder, Jacques Marchais, and inspired by Tibetan monastic architecture. Its collection of Tibetan Buddhist art is regarded as one of

the finest in the United States. Meg previously served as Assistant Director for Exhibits and Education at the Museum of American Finance. She is a graduate of the Columbia Business School’s Executive Level Program, Institute for Not for Profit Management, and holds an M.A. in History from George Mason University and a B.A. in History from Loyola College in Maryland.

RICHARD WARSHAUERSenior Managing Director, Colliers International NYC LLC

Richard, a Senior Managing Director of Colliers International’s New York Tri-State hub, is an established New York City real estate industry veteran with more than 35 years of industry experience. He has represented major commercial property owners and tenant organizations in a large variety of diversified transactions, ranging

from major office buildings to major acreage sales. Colliers International is the third largest commercial real estate services firm globally, with 482 offices in 612 countries, 13,500 employees, and 1.12 million square feet under management. An avid New York City historian, Richard has been conducting historical walking tours, “The Great Crashes of Wall Street,” since 1988 for the Museum of American Finance and other not-for-profit groups.

STUDENT MEMBERS OF THE ROOFTOPS PROJECT TEAM (2014-15)

Barbara Beau (Class of 2015) has sought opportunities throughout law school to expand her knowledge and understanding of real estate law. Prior to law school, she worked in the not-for-profit sector. She received her Bachelor of Arts degree in English Literature at the University of Miami in 2012.

Lana Buchbinder (Class of 2015) concentrates her study on real estate law. She is currently interning at a Manhattan law firm that practices both real estate transactions and real estate litigation. She received her Bachelor of Arts degree in Psychology at Indiana University in Bloomington, Indiana, and will be taking the July 2015 Florida bar exam.

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Katherine DiSalvo (Class of 2015) concentrates her study on real estate and international law. In addition to being President of the Italian Law Student Association, she works at a wills and trusts firm in Manhattan and was previously a judicial extern in the King’s County Supreme Court, Civil Term. Katherine received her bachelor’s degree in Political Science from the University of San Diego.

Shannon Doherty (Class of 2015) works in commercial real estate for a family office in New York City. Her focus is on sales and acquisitions as well as property management. At NYLS, she is a Harlan Honors Program member of the Impact Center for Public Interest Law. She received her Bachelors Degree from Boston College in Chestnut Hill, Massachusetts.

Naveed Fazal (Class of 2015) concentrates his study in both real estate and corporate law. He works at the real estate services and investment company CBRE as an intern for both the Legal and Brokerage Departments, in addition to chairing the Moot Court Association at New York Law School. Naveed received his bachelor’s degree in Political Science from the University of San Diego.

Mehgan Gallagher (Class of 2015) concentrates her study on international human rights law. She is affiliated with the Center for International Law as well as the Impact Center for Public Interest Law. During the school year, she has worked with Human Rights Watch and the Jacob Blaustein Institute for the Advancement of Human Rights. She received her Bachelor of Arts degree from Clark University in Worcester, Massachusetts, where she majored in Government and International Law with a Law and Society concentration. She plans to pursue her Master of Laws degree in international human rights after graduating from law school.

Elizabeth Hamilton (Class of 2015) worked as a law clerk at a Manhattan law firm specializing in insurance policy litigation during her first summer of law school. Elizabeth’s roots are in criminal law, which began prior to law school, when she was a paralegal at the Manhattan District Attorney’s Office. She continued in that field during her second summer as a law clerk at the Exoneration Initiative, a nonprofit organization dedicated to exonerating the wrongfully convicted. After graduation, Elizabeth will move to Los Angeles, California, where she will take the California Bar Exam.

Alexa Bonaros (Class of 2016) concentrates her study on both real estate and corporate law. This semester, Alexa participated in the transactional Law Meet on behalf of New York Law School’s Center for Business and Finance, and she is a member of the Moot Court Association. Prior to law school, she worked for a year as a paralegal at a trust and estates firm. She received her Bachelor of Arts degree in Anthropology, with a focus on current structural inequality, at Ithaca College.

Dana Cimera (Class of 2016) concentrates her study on both real estate law and corporate law. She currently works in a Manhattan law firm focusing on real estate, securities, and entertainment law. She also currently works as a research assistant for a professor at New York Law School. Previously, she worked in the New York Civil Court, and at the New York office of an international law firm based in Italy. She received her Bachelor of Sciences degree from Rutgers University, where she majored in Finance.

Elvira Kulyak (Class of 2016) concentrates her study on real estate law. She works as a legal extern for Justice Arthur M. Schack in the Civil Term of Kings County Supreme Court. Prior to law school, Elvira received her Bachelor of Arts degree in History at St. John’s University in Staten Island. She looks forward to pursuing a legal career in real estate transactional law.

zulaihat Nauzo (Class of 2016) concentrates her study on commercial law and intellectual property. She served as the Lieutenant Governor of Communications for the American Bar Association Law Student Division, Second Circuit, for the 2013-2014 academic year. Prior to law school, she worked in federal civil rights litigation as a paralegal. She looks forward to pursuing a legal career in entertainment law.

Sahar Nikanjam (Class of 2016) is a Chicago native and is highly passionate about human rights and social justice issues. In her spare time, she likes to explore different neighborhoods in New York City. She received a B.A., cum laude in English Literature, at DePaul University in 2012.

Jennessy Rivera (Class of 2016) is an associate of the Center for Real Estate Studies at NYLS. She is glad to be a member of the Rooftops Conference, and hopes to pursue a career in transactional law. She graduated from St. John’s University, cum laude with a Bachelors Degree in Legal Studies.

Payal Thakkar (Class of 2016) has an interest in real estate and property that started at an early age. During the summer after her first year of law school, Payal worked with the New York City Housing Authority, which reaffirmed her interest in working in real estate. Prior to law school, Payal completed a Bachelors Degree in Linguistics from SUNY Stony Brook University and a Masters in Higher Education from the University of Pennsylvania.

Jordan Moss (Class of 2017) concentrates her study on real estate law. To expand her knowledge and understanding of real estate law, she enrolled in Corporate Real Estate, which focuses on effective corporate real estate management. She currently works as a law clerk with a personal injury law firm. She received her Bachelor of Arts Degree in Legal and Policy Studies from Fordham University.

The Rooftops Project would also like to recognize the talented contributions made again this year to the success of the Conference by New York Law School’s Regina Chung, Senior Director, Marketing and Communications; Melissa Pentangelo and Ruth Singleton of the NYLS Office of Marketing and Communications; and Tamara Garland, Senior Administrative Assistant at the Center for Real Estate Studies. Thank you!

A few important notes and a legal disclaimer (after all, at New York Law School we are trained as lawyers and we train future lawyers, so inevitably we think like lawyers):

• Rooftops Conference 2015 and these accompanying materials are not intended and should not be construed as legal, tax, investment, or professional advice.

• The information and views expressed may not apply to individual readers or to their organizations or to any particular facts or circumstances.

• Attendance at The Rooftops Conference 2015 or receipt of these materials does not create any attorney-client relationship.

• Engagement and consultation with appropriately qualified, experienced, and licensed professionals should always be sought with respect to planned transactions, investments, and projects.

• These materials are provided as a supplement to the panel discussions and presentations at the live conference, but do not serve as a summary or outline of the live discussion. They do not purport to be a complete or exhaustive treatment of the topics they address.

• Views expressed by speakers and panelists, or in these materials, are not necessarily those of New York Law School, its faculty, staff, or students.

• Neither New York Law School nor its faculty or staff evaluate, rate, review, or recommend products, services, or suppliers whatsoever. Any particular products, services, or suppliers mentioned are used as examples to illustrate concepts and are for general information only.

• No representations or warranties are given whatsoever, express or implied, with respect to information presented at The Rooftops Conference or contained in these materials or their accuracy. Any representations or warranties that might otherwise exist, whether by statute, common law, or otherwise, are expressly excluded and disclaimed.

• New York Law School and its faculty expressly disclaim and do not accept any liability for any loss resulting from errors or omissions contained in, or for following or applying principles or views expressed at, The Rooftops Conference or in these materials, including without limitation any liability for direct, indirect, consequential, exemplary, or punitive damages or for loss of profits or business opportunity, whether by tort, negligence, breach of contract, or otherwise.

Copyright © 2015 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.

Project Mission and Goals

The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:

n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.

n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.

n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.

ROOFTOPS PROJECTTHE

ROOFTOPS PROJECTTHE

Founder and Director of The Rooftops Project: James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School.

The Rooftops Project Team: Student and Alumni Team MembersCurrent Student Members 2014-15

Barbara Beau (Class of 2015)

Lana Buchbinder (Class of 2015)

Katherine DiSalvo (Class of 2015)

Shannon Doherty (Class of 2015)

Naveed Fazal (Class of 2015)

Mehgan Gallagher (Class of 2015)

Elizabeth Hamilton (Class of 2015)

Karolina Robel (Class of 2015)

Alexa Bonaros (Class of 2016)

Dana Cimera (Class of 2016)

Elvira Kulyak (Class of 2016)

Zulaihat Nauzo (Class of 2016)

Sahar Nikanjam (Class of 2016)

Jennessy Rivera (Class of 2016)

Payal Thakkar (Class of 2016)

Jordan Moss (Class of 2017)

Alumni (Past Student Members):

Marzena Fercz (Class of 2011)

Rachel Logan (Class of 2011)

Sushma Rambaran (Class of 2011)

Leslie Franco (Class of 2012)

Mark Lapidus (Class of 2012)

A.J. Sokoloff (Class of 2012)

Toby Vickers (Class of 2012)

Amanda Waye (Class of 2012)

Stacy Dasaro (Class of 2013)

Eda Derhemi (Class of 2013)

Renaldo Phillips (Class of 2013)

Kristen Porro (Class of 2013)

Jennifer Scolnick (Class of 2013)

Arthy Bakthavatsalam (Class of 2014)

Emily Barile (Class of 2014)

Carlee Cooper (Class of 2014)

Kelly Cooper (Class of 2014)

Scott Haggmark (Class of 2014)

Dmitriy Ishimbayev (Class of 2014)

Shaan Lodi (Class of 2014)

Aimie Nghiem (Class of 2014)

Tamara Salzman (Class of 2014)

Sampada Solapurkar (LL.M., Class of 2014)

Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921

T 212.431.2135E realestate@nyls.edu

ROOFTOPS CONFERENCETHE

Friday, April 24, 20158:30 a.m.–2:00 p.m.

New York Law School185 West Broadway

Presented by Center for Real Estate Studies

Property Perspectives for Not-for-Profit Organizations

2015

NYC

SINCE 1891

WE ARE NEW YORK’S LAW SCHOOL