JFRE Legends & Leaders Program 2022

Jewish Federation Real Estate 10th Annual

Legends & Leaders October 21, 2022 | Kimmel Center

Who We Are The Jewish Federation Real Estate (JFRE) group brings together the Greater Philadelphia region’s real estate professionals to exchange ideas, network, hear from the brightest minds in the business — and to participate in impactful philanthropy.

Connect, Learn and Lead

Make a Difference

Expand and deepen your network. JFRE members stay at the forefront of the real estate industry through exclusive networking events, educational programs and the annual Legends and Leaders.

Discuss cutting-edge business trends, stay informed about new projects and meet industry leaders in informal settings.

And as you advance your own career, you advance the Jewish communities.

Philanthropy is at JFRE’s core.

Your $1,000+ annual contribution to the JFRE Fund or the Jewish Community Fund provides critical resources for capital projects in Greater Philadelphia and Israel. In recent years, JFRE has invested more than $3 million in capital projects to repair homes for low-income older adults and families; support food pantries and safe houses for at-risk youth; upgrade Jewish overnight and day camp facilities. However, with the on-going rise of antisemitism, ensuring the safety, security and resiliency of our agencies became a priority as well.

Invest In Yourself, Invest In Your Community JFRE offers its members an invaluable opportunity to engage, connect and invest in themselves and in our Jewish communities.

For more information about JFRE or if you are interested in becoming a member, visit jewishphilly.org/jfre or contact Joel Schwarz at jschwarz@jewishphilly.org.

For more information about JFRE, visit jewishphilly.org/jfre

J E W I S H F E D E R AT I O N R E A L E S TAT E L E G E N D S A N D L E A D E R S

Program WELCOME REMARKS Michael Balaban, President and CEO, Jewish Federation of Greater Philadelphia Jonathan Morgan, Chair, JFRE; President and Founder, Morgan Properties JV

FEATURED SPEAKERS PART I “Inflation, Rising Interest Rates and Geopolitical Tension: What Does it Mean for US Real Estate?”

Richard Barkam, PhD MRICS CRE; Economist, CBRE Spencer Levy, CBRE Economist

PART II – “The Power of Sports to Lift Communities” Jessica Morgan, Lubert-Adler Real Estate Funds, Principal; JFRE Executive Committee Member – Moderator In Conversation with David Adelman, Board Co-Chair, Jewish Federation; Chairman of 76 Devcorp Tad Brown, 76ers CEO Josh Harris, 76ers Managing Partner

CLOSING REMARKS Bill Glazer, Campaign Co-Chair, Jewish Federation; Owner, Keystone Property Group

Featured Speakers David J. Adelman, Board Co-Chair, Jewish Federation; Chairman of 76 Devcorp David J. Adelman is a Philadelphia-based entrepreneur and active private investor. He is the CEO of Philadelphia-based Campus Apartments and is widely recognized as a national leader in student housing development and management, with more than two billion dollars of assets under management across 18 states. David is the Founder of Darco Capital which has made over 50 investments in venture capital and private equity businesses across multiple sectors, and is the co-founder and Vice Chairman of FS Investments, a leading manager of alternative investment funds with 30 billion dollars of assets under management. He also serves as Chairman of 76 Devcorp, the newly formed development company with a mandate to locate, design and develop the country’s premier sports and entertainment arena on behalf of the Philadelphia 76ers.

David serves on the Penn Medicine Board of Trustees, University City District Board of Directors, Chairman of the Jewish Federation of Greater Philadelphia, and past Chairman of Philadelphia Holocaust Remembrance Foundation where he spearheaded the development of The Horwitz-Wasserman Holocaust Memorial Plaza on the Ben Franklin Parkway.

Richard Barkham, PhD MRICS CRE, CBRE Economist Richard is one of the world’s leading real estate economists. He joined CBRE in 2014 as Executive Director and Global Chief Economist. He is based in Boston and, as CBRE’s Global Head of Research, leads a team of 700 researchers worldwide, whilst traveling and speaking extensively on key real estate trends. He is Chairman of CBRE Econometric Advisors, a specialist real estate forecasting unit. He has numerous academic and trade press publications to his credit, including a highly regarded book called, Real Estate and Globalisation (Wiley Blackwell, Oxford), which deals with the impact on real estate markets of the rise of emerging markets such as China and Brazil.

Richard is a Visiting Professor of Economics at the Bartlett School of Architecture at University College London and holds a PhD in economics from the University of Reading.

Tad Brown, 76ers CEO Tad’s first season as CEO of the Philadelphia 76ers and Harris Blitzer Sports & Entertainment (HBSE), the organization further solidified itself as one of the top franchises in professional sports. The 76ers made their fifth straight playoff appearance, winning 51 regular season games and advancing to the second round. Meanwhile, off the court, the team had a record-breaking year with the addition of multiple blue-chip partners including Crypto.com, and recently announced its pursuit to build a new arena in Philadelphia.

Prior to joining HBSE, Brown spent nearly two decades with the Houston Rockets, Toyota Center and Clutch City Sports and Entertainment, 15 of which were spent as CEO. In Houston, he was a member of the NBA’s Board of Governors, served as the representative to the Executive Committee and served on the league’s Media Committee. Over his tenure, Brown helped position the Rockets as one of the NBA’s premier global franchises, setting records for sellouts, attendance, total events and customer satisfaction.

Additionally, Houston hosted NBA All-Star Weekend in both 2006 and 2013, as Brown played a key role in making Toyota Center the first NBA building to have two All-Star Games over a seven-year period. Brown is a graduate of Colgate University, where he was a four-year starter and three-year captain of the varsity basketball team. He and his wife, Janice, have four daughters and one granddaughter.

Josh Harris, 76ers Managing Partner Josh is the Founder of 26North, a next-generation, multi-asset class alternatives platform that invests across private equity, credit and insurance and reinsurance solutions.

Prior to 26North, Josh co-founded Apollo Global Management and spent over 30 years building Apollo into the world’s second-largest alternative asset manager.

Josh led many of Apollo’s most successful private equity investments, including LyondellBasell, one of the most profitable deals in private equity history.

Josh is the Founder of Harris Blitzer Sports & Entertainment (HBSE) and Managing Partner of the Philadelphia 76ers. Under his leadership, HBSE has grown to include the New Jersey Devils and Prudential Center, a top-ten venue, among other franchises. Additionally, Josh is a General Partner of the Premier League’s Crystal Palace and a minority owner of the Pittsburgh Steelers.

Josh and his wife Marjorie founded Harris Philanthropies, which supports programs that use the power of sports, enhanced wellness and education to positively impact underserved communities. They are among the largest supporters of after-school sports programming, helping over 100,000 youths annually.

In Israel, Josh and Marjorie support archaeology, leadership development and access to sports for underserved youth, providing seed capital to create financially sustainable organizations to advance a strong and vibrant State of Israel.

Spencer Levy, CBRE Economist Spencer Levy is Global Client Strategist and Senior Economic Advisor for CBRE, the largest commercial real estate services firm in the world. In this role, he focuses on client engagement and public-facing activities, including thought leadership work performed in conjunction with CBRE Research. He also serves as Co-Chair of the Real Estate Roundtable’s Research Committee. Spencer is frequently quoted in major business publications and appears on business television, including CNBC, CNN, Bloomberg, PBS and Fox Business. Spencer is the host of CBRE’s podcast “The Weekly Take.” He is considered one of the most insightful commentators on issues of importance to commercial real estate.

Jessica Morgan, Lubert-Adler Real Estate Funds Principal Jessica Morgan is a Principal at Lubert-Adler Real Estate Funds, a real estate private equity firm based in Philadelphia, PA that has raised over $8B of capital and invested in over $18B of real estate since its inception in 1997. At LubertAdler, Jessica focuses predominantly on new acquisitions - from deal sourcing to underwriting, due diligence, and deal closing - and also sits on the Asset Management Committee, helping manage and execute business plans for the funds’ assets. Jessica also helps lead the firm’s development team, responsible for capitalization and execution of Lubert-Adler’s various development projects currently underway in Philadelphia. Prior to joining Lubert-Adler, Jessica was on the Acquisitions team at SL Green Realty Corp. in New York City. Jessica graduated magna cum laude with a B.A in Economics from the University of Pennsylvania in 2014. Jessica sits on the Advisory Board for the Penn Institute of Urban Research and is an Executive Committee member of the Jewish Federation Real Estate, where she leads Young JFRE initiatives.

INTECH Construction is proud to support the Jewish Federation Real Estate Group 3020 Market Street Philadelphia, PA 19104 T 215 243 2000 F 215 243 4930 www.intechconstruction.com

Getting involved is important.

At M&T Bank, we know how important it is to support those organifiations that make life better in our communities. That’s why we offer our time and resources, and encourage others to do the same. Learn more at mtb.com/community.

M&T Bank is proud to support the Jewish Federation Real Estate's Legends & Leaders.

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The Jewish Federation’s

Israel 75 Mission

May 14-21, 2023 Celebrate the 75

th anniversary of the Jewish State’s founding by experiencing Israel your way! Join the Jewish Federation of Greater Philadelphia on a meaningful eight-day mission to our Jewish homeland.

Personalize your journey by selecting a customized track that speaks to your passions, interests, and how you want to hear, feel, see, smell, and taste Israel.

Tracks include: - Adventure - Food, Wine & Culture

WANT TO LEARN MORE?

Join us for a information session to find out details about the mission, including the itinerary, specialized tracks and more.

Virtual Info Session Monday, October 24 at 7:00 p.m.

Register today: - Tech & Business - People, Places & Politics

Joining the Mission as RABBI-IN-RESIDENCE: Eric Yanoff of Adath Israel

jewishphilly.org/israel75mission

JFRE Cares: Investment in Clinic

Ensures Medical Attention for Ethiopians Operation Zur Israel recently brought 3,000 Ethiopian Jews to Israel, reuniting them with family members and giving them a chance to make a life where they can practice Judaism without fear of being persecuted for their beliefs.

But for the remaining 12,000 Ethiopian Jews, famine, unsanitary conditions, lack of clean water and increasing disease is an inescapable reality. Through a grant from the JFRE Fund, along with personal donations from JFRE Executive Committee members, $160,000 was raised to build a medical clinic in Gondar, expanding access to medical care to more children, pregnant women and others awaiting aliyah to Israel.

JFRE Fund Projects 2021-2022 We are proud to announce that JFRE awarded a total of $444,936 in grants for 18 security and capital projects locally, in Israel and overseas.

Local Grants Beth Sholom Congregation

Beth Tikvah B’nai Jeshurun

Camp Harlam

Beth Shalom Congregation is a conservative synagogue in Elkins Park. The JFRE grant allocated funds for security enhancements to points of entry to keep congregants safe for Jewish gatherings.

Beth Tikvah B’nai Jeshurun, known as BTBJ, is a modern, egalitarian full-service Conservative synagogue located in the Northwestern suburbs of Philadelphia. They provide programs, services and activities to engage the community at-large in a meaningful, educational and inspirational way to promote Jewish values and cultures. The JFRE grant funds an improved security monitoring system and exterior building reinforcements to points of entry.

Camp Harlam is a Jewish overnight camp located in the Poconos that provides an enriching summer to all participants. To ensure the safety and security of its campers and staff, a JFRE grant has been allocated to update and replace the security gate.

Camp Ramah in the Poconos

Congregation Beth Israel

Camp Ramah in the Poconos is a warm and nurturing Jewish summer camp experience. Due to being located in a remote area, strict security measures are critical for camp safety. The JFRE grant enhances security and monitoring systems as well as perimeter and emergency communications.

Congregation Beth Israel is a Reconstructionist congregation located in Delaware County. They provide a welcoming community for prayer, teaching and learning.

The JFRE grant is for necessary structural repairs and security barriers to ensure the safety of all congregants.

Federation Housing, Inc. Annabel Gardens

JEVS Tikvah Residence

Annabel Gardens, Federation Housing’s newest building, will provide affordable housing of 54, one bedroom homes for low to moderate income seniors.

The JFRE grant includes the incorporation of sophisticated security technologies to ensure the protection of its residents through advanced video monitoring systems.

Tikvah Residence offers comfortable and affordable housing for adults with mental health needs. To keep up with the safety and comfort needs of their aging residents, this JFRE grant ensures updates to their security system and flooring structure.

Federation Day Care Services (FELS) FELS provides early care and education across the Philadelphia area. The JFRE grant is for expanding security monitoring systems to ensure safety on campus for children and their families.

Jewish Family and Children’s Service (JFCS) JFCS’ The NORC (Naturally Occurring Retirement Community) helps members live safely and sustainably in their own homes with supportive services and interventions.

The JFRE grant enables The NORC to provide two home repair services for each client. In addition, funding will be allocated to general project expenses, including home repair materials, as well as staff time of the Home Repair Coordinator.

Makom Community Makom Community is a welcoming Jewish enrichment center open to anyone who wants to engage with Jewish traditions alongside their family, cultivating fluency and comfort in Jewish tradition through joyful youth and family experiences.

The JFRE grant addresses security monitoring enhancements and exterior building reinforcements.

Perelman Jewish Day School Perelman Jewish Day School is a local Jewish day school that provides a rigorous dual curriculum for grades Pre-K-5 on two campuses in Wynnewood Wood and Melrose Park. The JFRE grant supports Perelman Jewish Day’s master redesign to offer a higher-quality learning environment for its student body and staff.

Temple Hillel Hillel at Temple University is a welcoming community, engaging students in Jewish culture through social, religious and educational programming. The JFRE grant is for the installation of new security monitoring systems to keep staff and visitors safe and secure.

Israel and Global Grants Eden Association Shelters for At-Risk Teen Girls

Nirim Farm

Eden Association Shelters for At-Risk Teen Girls addresses a national need for hospitalization alternatives for traumatized girls aged 12-18. The JFRE grant enables the Eden Association Shelters to construct two additional transportable houses that can house up to 20 more girls in the facility.

Nirim Farm is a therapeutic farm for teenage boys and girls who reach a state of dysfunctional behavior and are in deep crisis. The JFRE grant supports the construction of a high-quality shelter to accommodate 20-30 people.

ELI: Israel Association for Child Protection ELI: Israel Association for Child Protection works with abused children and addresses violence in families. They are opening five new offices across Israel to meet the needs of increasing cases of abuse.

The JFRE grant provided cosmetic renovations to the new offices to provide a strong sense of safety and security for the children and staff.

Orr Shalom Orr Shalom is a non-profit organization that cares for children and youth at-risk that have been removed from their parents’ custody by welfare authorities due to an extreme lack of protection and parental dysfunction. The JFRE grant supports extensive renovations of one of their therapeutic Family Group Homes located in Beersheba.

Struggle to Save Ethiopian Jewry

Jewish Agency for Israel Jewish Agency for Israel (JAFI) Security Fund provides infrastructure and training investments for at-risk Jewish institutions and communities around the world (excluding the US and Canada) in order to improve long-term physical security. The JFRE grant allows JAFI to allocate additional grants to congregations and other Jewish organizations around the world for increased physical security infrastructure items.

SSEJ is a U.S. based non profit, the main source of humanitarian assistance for the Jewish community in Ethiopia. Its programs include: feeding centers, medical care, Jewish and secular education, as well as religious and other communal activities. This JFRE grant enables SSEJ to build a medical clinic in Ethiopia to provide Ethiopian Jews, who are living in Gondar and awaiting aliyah to Israel with medical aid and assistance.

J E W I S H F E D E R AT I O N R E A L E S TAT E L E G E N D S A N D L E A D E R S

Thank You to Our Sponsors Presenting Sponsor

Premier Sponsors

As of October 21, 2022

Platinum Sponsors

Gold Sponsors

GOODMAN P R O P E R T I E S

As of October 21, 2022

Silver Sponsors

Bronze Sponsors

As of October 21, 2022

J E W I S H F E D E R AT I O N R E A L E S TAT E L E G E N D S A N D L E A D E R S

JEWISH FEDERATION OF GREATER PHILADELPHIA Gail Norry David Adelman Board Co-Chairs Michele Levin Bill Glazer Campaign Co-Chairs

Michael Balaban President and CEO Sarah Solomon Chief Development Officer

Marni Davis Senior Director, Affinities and Volunteer Engagement Joel Schwarz Major Gifts Officer

JEWISH FEDERATION REAL ESTATE (JFRE)

Executive Committee Jonathan Morgan Chair

David Adelman Campus Apartments

Michael Markman BET Investments

Matt Pestronk Immediate Past Chair Post Brothers

Dan Berger Berger Rental Communities

Jessica Morgan Lubert-Adler Real Estate Funds

Jeremy B. Fogel Ironwood Property Group Bill Glazer Keystone Adam Goodman Goodman Properties Bradley J. Korman Korman Communities Bradley A. Krouse Klehr, Harrison, Harvey, Branzburg LLP

Jake Reiter Verde Capital Malina Robbins WSFS Bank David Waxman MMPartners Spencer Yablon CBRE Robert A. Zuritsky Parkway Corporation

Donate to the JFRE Fund: jewishphilly.org/jfrefund Follow JFRE on social media: @JFREPhilly

jewishphilly.org/JFREPhilly

The Jewish Federation of Greater Philadelphia mobilizes financial and volunteer resources to address the communities’ most critical priorities locally, in Israel and around the world.

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