Emerging Trends in Real Estate® is an annual series of trends and forecast publications that reflect the views of leading real estate executives in three global regions—the Americas, Europe, and the Asia Pacific region. Undertaken jointly by PwC and the Urban Land Institute, Emerging Trends in Real Estate® provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues. This special lunch program features a panel of prominent experts in commercial real estate development who will share their perspectives and observations as the report relates to Houston and the broader market.
Senior Managing Director - Investments and Analytics
Jimmy develops leading-edge research and predictive analytics to guide and support real estate investment strategy, asset selection, valuation and portfolio management for Transwestern and its clients. This includes overseeing a comprehensive, integrated approach to research that builds upon the firm’s existing local market insights and proprietary real estate data to produce penetrating thought leadership and positions on important commercial real estate topics. Additionally, as a member of Transwestern’s Board of Directors and Executive Committee, Jimmy helps guide the strategy for the investment management, commercial services and development companies within the Transwestern organization.
Jimmy joined Transwestern from HFF, where as Managing Director he provided in-depth analysis of economic, property and capital market trends for the multifamily, industrial, office, retail, medical office and storage property sectors. Working with pension funds, life insurance companies, regional and CMBS lenders, REITs, foreign investors, and private equity funds, he also produced deal-specific analysis for debt placement and investment sales assignments. During his tenure, he supported the execution of more than 150 commercial real estate transactions totaling more than $4.5 billion in 20 states.
Earlier, working for a bank holding company investing in distressed financial institutions, Jimmy was involved in M&A activity, investor and regulatory relations, corporate governance, and real estate loan portfolio management.
Jimmy has more than 15 years of experience in the commercial real estate industry with specializations in applied research and finance. He is an active member of NAIOP, the Commercial Real Estate Development Association, Urban Land Institute, and Pension Real Estate Association.
As president of Lionstone Investments, Jane Page leads the firm in effectuating strategy and managing real estate investing. She serves as chair of the Operating and Awards committees, and participates on the Investment and Strategy committees. Ms. Page joined Lionstone in 2012, serving as the firm’s first Chief Operating Officer prior to being promoted to Chief Executive Officer in 2014, and then president in 2017 when the firm was acquired by Columbia Threadneedle Investments. Previously, she spent 10 years at Crescent Real Estate Equities and 15 years at Metropolitan Life. Ms. Page received a B.B.A. in Business Administration and Economics from Point Loma College in San Diego and an MBA in Real Estate Finance from the University of San Francisco.
Ms. Payne is an equity owner and Managing Director of Clarion Partners. She is a Senior Portfolio Manager in Clarion’s Separate Account business with responsibility for several billion in assets under management, and for closed-end fund investments in Mexico. Ms. Payne currently sits on Clarion’s Investment Committee and Career Management Committee. Ms. Payne joined the firm in 2003 and began working in the real estate and finance industries in 1997.
Ms. Payne’s oversight of separate account mandates includes portfolio- and property-level investment strategy covering all major property types and markets throughout the United States. In overseeing Clarion’s Mexico platform, Ms. Payne manages the firm’s asset management, dispositions, structuring, restructuring, arbitration, litigation and risk management activity in the country, where Clarion has invested $1 billion since 2006.
Ms. Payne is a magna cum laude graduate of Harvard College, from which she received an A.B. in 1997. She received an M.B.A. from the Harvard Business School (“HBS”) in 2003, where she was a Robert Toigo Foundation (“RTF”) Fellow. Ms. Payne is fluent in Spanish.
Ms. Payne was featured in the Pace Common Ground Campaign for Gender Equality in 2017, and in HBS’ “why do you do what you do?” portrait project honoring the 50th anniversary of women students at the school in 2013. That year she was also named one of the Toigo Foundation’s inaugural “40 Under 40”. She was recognized as one of Real Estate Forum Magazine’s “Women of Influence 2010” and has co-authored research articles published in relevant industry periodicals, including The Institutional Real Estate Letter and Inmobiliare Magazine. Ms. Payne currently serves as Vice Chair of the RTF Alumni Endowment Board. She is also a member of the Harvard Alumni Real Estate Board; WX New York Women Executives in Real Estate; and the Urban Land Institute, where she sits on the Commercial Retail Council, the Executive Committee of the Women’s Leadership Initiative, and the ULI NY Advisory Board.
William H. Peeples
Stonelake Capital Partners
William Peeples is a Principal with Stonelake Capital Partners in their Houston office where he is responsible for investment acquisition, asset management, and capital markets activities.
Prior to joining Stonelake, Mr. Peeples worked for KDC Real Estate Development & Investments, a Dallas, Texas-based real estate developer, where he had responsibility for executing new build-to-suit projects and structuring strategic joint ventures. While at KDC, Mr. Peeples opened and led their Houston, Texas office which marketed and developed approximately $100 million of real estate assets. Mr. Peeples also worked in Houston and Dallas for Amegy Bank, a regional commercial bank, where he served as a commercial real estate lender with a portfolio valued at more than $200 million.
Mr. Peeples received his undergraduate degree from the University of Texas at Austin and a Masters in Business Administration from the McCombs School of Business at the University of Texas at Austin with a dual specialization in real estate and private equity. While at McCombs, Mr. Peeples received a national scholarship from the Pension Real Estate Association (PREA), served as a director of the McCombs REIT Fund, and was President of the Graduate Real Estate Society. He is a member of St. Martin’s Episcopal Church, president and co-founder of the Buffalo Breakfast Club, and currently serves as Chairman of the Associate Council for the Real Estate Finance and Investment Center at the University of Texas.
SPECIAL PRESENTATION BY:
Director, Real Estate Research
Andrew Warren, Andy, currently serves as the PwC’s Director of Real Estate Research. As the Director of
Real Estate Research, and is responsible for monitoring all aspects of commercial and residential real estate, including space market fundamentals, capital market trends, regulatory changes and operational developments.
For the past seven years, Andy has led PwC’s participation in the development and production of the Emerging Trends in Real Estate publication. Andy is a frequent speaker on issues affecting the real estate market and has also authored numerous articles for internal clients and national real estate publications. Andy also forecasts market performance for PwC’s “Real Estate Investor Survey”. Andy has over 30 years of experience in all aspect of commercial and residential real estate research. Andy has performed and managed real estate fundamental analysis and forecasting, portfolio construction, and buy/sell decisions for both debt and equity clients.
Prior to assuming his current role, Andy served as the Managing Director of Real Estate Research for Principal Global Investors, a top 10 institutional real estate manager in the U.S.At Principal, Andy held a progressive level
of analyst and management positions over his 25 year career and served as a voting and advisory member on a multiple real estate debt and equity investment funds. Andy has earned the CFA designation and is a Counselor of Real Estate. He is also an active member of the Urban Land Institute Research Forum as well as a participating member of ICSC, NCREIF, NAIOP, the Appraisal Institute and the CCIM institute.