Los Angeles State of the Market

Mr. Costa is responsible for overseeing all activities at Highridge Costa Housing Companies, which include Highridge Costa Housing Partners LLC (“HCHP”) and Highridge Costa Investors LLC (“HCI”). The companies specialize in the development, financing, construction and asset management of affordable and mixed-income housing for families and seniors throughout the U.S., utilizing low-income housing tax credits, as well as other types of public and private financing. The companies were created in 2010 as a joint venture between Mr. Costa, President and Chief Executive Officer and founder of the Companies’ predecessor firms, and Highridge Partners, a diversified, privately held investment firm that has acquired, developed and/or financed assets totaling more than $7 billion. Over the past 17 years, Mr. Costa and his team, under the companies’ various identities, have been responsible for developing and growing a portfolio of approximately 27,000 housing units in more than 275 communities throughout the U.S. and Puerto Rico, all of which were financed using tax credits. Throughout a career spanning nearly three decades, Mr. Costa has supervised the development and financing of nearly 40,000 units of multifamily affordable and market-rate housing. Through his extensive utilization of both federal and various state tax credit programs over the years, Mr. Costa has gained a wealth of specialized knowledge of the intricacies of tax credit financing and syndication. He is considered an industry expert in tax credit-based asset management, including the myriad of compliance issues associated with managing tax credit properties. Mr. Costa was named the Freddie Mac Multifamily Builder of the Year in 2000 and the 1999 Builder of the Year by Multifamily Executive magazine. He is currently a member of the NAHB Multifamily Leadership Board, and also serves as Vice Chairman of the Board of Directors of the Community Financial Resource Center for Los Angeles, one of California’s most active nonprofit CDFIs. He also holds the CAASH (Certified Active Adult Specialist in Housing) designation from the NAHB. Mr. Costa earned a Bachelor of Science degree in Engineering from California Polytechnic State University at San Luis Obispo, and also holds a general contractor's license from the State of California.

Robin Hughes joined the Housing Partnership Network as its President and Chief Executive Officer in 2022. She brings over 35 years of experience in the affordable housing and community development sector. As HPN’s chief executive, Hughes leads a collective network of the nation’s leading affordable housing and community development nonprofits and oversees the vision, strategy, and sustainability of practitioner-driven peer exchange, policy, and innovation/R&D to spark systems change and social enterprises that solve for closing the gaps in the sector. Hughes also manages a portfolio of businesses co-designed and/or launched with network members, which currently include Housing Partnership Fund (CDFI), Housing Partnership Insurance Exchange, Framework Homeownership®, and the Charter School Financing Partnership. Prior to joining HPN, Hughes served as the President and CEO of Abode Communities for 26 years. Abode Communities is a Los Angeles-based nonprofit architect, developer, manager, and operator of service- enhanced affordable housing. Under her leadership, Hughes transformed the organization into one of the nation’s top developers and the premier provider of environmentally sustainable affordable housing in California. During Hughes’ tenure, Abode Communities developed more than 50 residential and mixed-use communities; created new affordable homes for over 12,000 California residents and provided a social safety net for its residents through Beyond Homes, the organization’s substantive resident services program. Early in her career, Hughes held positions in the private and public sectors including The Richmond Group of Companies, Citibank, the Community Development Commission of the County of Los Angeles, and the Office of the Mayor of the City of Los Angeles. Hughes received her master’s and bachelor’s degrees in public administration from the University of Southern California and certification from the executive program in Community Development at Harvard Kennedy School.

President of Mansfield Equities, LA based boutique capital advisory firm focusing on debt and equity placement. Mr. Cohen is a graduate of University of Michigan and received his MBA from NYU Stern School of Business. Founded in 2006, Mansfield Equities works across all asset classes under the commercial real estate umbrella including multifamily, affordable housing, retail, industrial, office- from development to stabilization. Aside from their local team on the west coast, Mansfield is a member of RECA (Real Estate Capital Association) which gives the firm a national footprint in sourcing capital. Included in RECA is 18 firms from coast to coast and over 90 brokers who collectively closed $3.7B of capital in 2017. For more information on the firm go to Mansfieldequities.com

Ann Sewill is the General Manager of the City of Los Angeles’ Housing Department, responsible for direction and oversight of the City’s programs for housing preservation development, accessible housing production, community investment, rent stabilization and code compliance. Prior to joining LAHD in July 2020, Ms. Sewill was the Vice President, Health & Housing, at the California Community Foundation, overseeing grant making, lending, public policy and advocacy portfolios, working to develop affordable housing to stabilize communities and end homelessness, and to address root causes affecting the health of Angelenos. Before joining the foundation in June 2006, Sewill was Vice President and California Director of Enterprise Community Partners; Assistant General Manager of the Los Angeles Housing Department; CEO of the Los Angeles Community Design Center (now Abode Communities), and Housing Director for the City of Santa Monica. She also worked with the Los Angeles offices of the California Department of Housing and Community Development, and the U.S. Department of Housing and Urban Development. In the past Sewill has served as a director of the Los Angeles branch of the Federal Reserve Bank of San Francisco, the Affordable Housing Advisory Council of the Federal Home Loan Bank of San Francisco, the Loan and Grant Committee of the California Department of Housing and Community Development, and the Southern California Association of Non-Profit Housing, and of Mercy Housing California. She currently serves on the boards of the California Housing Corporation and the Los Angeles Development Fund.

Chris Fraley is Chief Investment Officer for RealtyMogul, overseeing underwriting, closing and asset management for the firm’s debt and equity investments. Chris has over 25 years of experience in commercial real estate finance, including sourcing transactions and negotiating complex joint venture equity partnerships. Prior to joining RealtyMogul, Chris was a Partner of Rockwood Capital, a privately held real estate investment and advisory firm managing more than $8.3 billion of equity commitments from investors. From 1999 through 2011, Chris was responsible for acquisitions and asset management on the East Coast Chris served on the Investment Committees of multiple funds, and was member of the Research and Strategy Committee and of the Management Committee. Chris is also an Advisor to Forge Development Partners, a San Francisco based affordable housing developer with $500M under development. He is a member of the Board of Directors of the Brookwood Group and an Advisor to RealBlocks. Chris remains an active voice in the LGBTQ community, having previously served as Vice Chair the Board of Directors of StartOut, as well as the Board of GLAAD.

Jay Newman joined The Athens Group in 2000 as Chief Operating Officer where he focuses on the company’s financial affairs and development opportunities. He has more than 32 years of experience in commercial real estate including development along with entitlements and design, acquisitions, joint ventures, finance and dispositions. Jay is primarily responsible for managing the acquisition and financing of many of The Athens Group's projects including the raising of equity capital. In addition, Jay was primarily responsible for the development and financing of the mixed-use Montage Beverly Hills in California and the acquisition, re-entitlement and redesign of the West Hollywood mixed-use Edition project and is currently engaged in the planning and entitlement for the re-development of the Miramar Hotel in Santa Monica. In 1993, Jay was one of the founding members of the national real estate law firm of Pircher, Nichols & Meeks based in Los Angeles where he was a managing partner and a real estate transactional attorney. In 1995, he joined Highridge Partners in Los Angeles as Senior Vice President of the Summit Commercial Properties Division, where he focused on the purchasing, repositioning, leasing, management and sale of shopping centers and office buildings on both a one-off and portfolio basis. Jay was one of the founders of Lend Lease Development (US) in 1996, where he focused on the development of resorts (including The Ritz-Carlton in Half Moon Bay, California), shopping centers and office buildings. As Senior Vice President of Lend Lease Real Estate Investments, Inc., and a member of the Lend Lease Lodging Group, he focused on the development of new hotels and resorts throughout the United States and was primarily responsible for the creation of the Resort Development Program. Jay received his undergraduate degree in applied economics (summa cum laude and Phi Beta Kappa) from the University of California at Berkeley in 1978, and his MBA and Juris Doctorate degree from Stanford University in 1982. He is a guest lecturer at the UCLA School of Public Policy and Planning and a frequent speaker at ULI, Meet the Money, Bisnow, the Southern California Development Forum and CLE International. Jay sits on the Board of Directors and Executive Committee for the Beverly Hills Chamber of Commerce, the Board of Directors of the Beverly Hills Conference and Visitors Bureau, and the Board of Directors of Beverly Hills Rotary. Jay is also actively involved in Imagine LA. Jay and his family reside in Los Angeles, California.

Gabe Weinert, senior vice president, joined Walker & Dunlop in 2014 through the Johnson Capital acquisition where Mr. Weinert lead the Opportunistic Finance Group, the division of the company which focused on providing structured investment banking services to real estate operators and development projects by raising institutional joint venture equity, structured debt, and co-investment GP equity. Mr. Weinert brings over 15 years’ experience to the capital markets team. Throughout his career, Mr. Weinert was responsible for the asset management and origination of over $2B in structured real estate finance transactions. Prior to joining Johnson Capital, Mr. Weinert managed the west coast office for the Carlton Group. Prior thereto, Mr. Weinert was an investment officer with Emigrant Bank, as well as with a Lehman Brothers sponsored opportunistic investor, TVP Asset, Inc. Earlier in his career, he was part of the acquisitions group of Heitman Capital Management, and also worked at JP Morgan and UBS Warburg in their CMBS and derivatives trading divisions. Mr. Weinert received a B.B.A. in finance from the University of Michigan - Ross School of Business graduating with high honors and an M.B.A. from the University of California at Los Angeles (UCLA) - Anderson School of Management.

Jan Karl spearheads Morley’s project development initiatives and marketing team bringing over 20 years of experience in real estate, development, and construction. Her focus is on guiding the company to its next era of successful high performance building through smart, strategic growth. She serves as Immediate Past President of the Los Angeles Headquarters Association, is a board member of the Los Angeles Business Council and Co-Host of the LABC Architectural Awards. She is a board member of Habitat for Humanity as well as the City of Hope LARE Council and actively participates as a past board member of the Urban Land Institute and CoreNet. She is also an active Host with Women on Boards 2020. Jan holds a Bachelor of Science from Iowa State University and an MBA from Villanova University. She also holds a Masters of Corporate Real Estate designation, is a California Real Estate Licensed Professional and is a LEED AP.

Over his 30-year career, R. Todd Doney, Vice Chairman at CBRE’s headquarters in Los Angeles, has completed commercial real estate transactions encompassing over 86 million square feet of office space. Todd is a preeminent broker in the greater Los Angeles area. His success on behalf of tenants, investment clients, and landlords is unparalleled. He has represented such major institutional tenants as Nestle, KPMG, GE/NBC, AT&T, Southern California Edison, AECOM, Cedars-Sinai Medical Center, Cigna and Northern Trust. During his career, Todd has received numerous real estate awards and accolades. Every year since joining CBRE, Todd has been awarded the Colbert Coldwell Circle Award, an award presented to the top 3% of producers in the U.S. In 2006, Todd was the most successful office broker for the company in the entire U.S. excluding the New York Metropolitan area. In 2009, Todd was recognized as the most successful broker in the Western United States and the ninth most successful broker in the entire world. He was recognized by The Los Angeles Business Journal as a “Top Los Angeles Broker” numerous times. He was further singled out by receiving the prestigious Edward S. Gordon Memorial Award for his relentless drive to be the best, challenging himself and those around him. Also, he was a member of CBRE Americas Advisory Board as well as the CBRE Foundation Board. Prior to joining CBRE, Todd was an Executive Managing Director with Insignia/ESG, Inc. in Los Angeles for four years, and prior to that a Senior Vice President with Cushman Realty Corporation for fifteen years. He has published articles and lectured at national real estate conferences, U.C.L.A. Graduate School of Management, and U.S.C Master of Real Estate Development program. Todd maintains a high level of community and charitable involvement. He was on the Board of Directors, Executive Committee, and chaired the Board Development Committee of the San Gabriel Valley Council of the Boy Scouts of America. In 2008, he was awarded the Silver Beaver Award, the highest Boy Scout honor given to leaders who have made an impact on the lives of youth through service given to the Council. Todd is also on the Advisory Board and Development Committee for the Hathaway-Sycamores; is on the Board of the Metropolitan YMCA as well as the Physical Resources Committee of Loyola High School; and served on the Development Committee and Chairman of the Board Affairs Committee of the Board of Directors of the Mayfield Junior School in Pasadena. Todd is a member of the Jonathan Club, the California Club, the Valley Hunt Club, and the San Gabriel Country Club, where he served as President in 2000. Todd is also a member of the downtown Los Angeles Town Hall, CoreNet, the Urban Land Institute, Southern California Development Forum, World Affairs Council, and the Los Angeles Commercial Real Estate Association. Todd is married with three children and resides in San Marino, California.

Dolf Renaud is Executive Vice President of OUE Ltd – The Americas, owner of the iconic US Bank Tower in downtown Los Angeles. Dolf has been with OUE since acquiring this asset in 2013 and directs all of the Americas’ division asset management, acquisitions, finance, treasury, legal, risk management, HR and IT activities. Prior to working at OUE, Dolf has a diverse background at several entrepreneurial real estate owner/operators as a senior executive dealing with all real estate types, classes and products. Prior to commencing his career in real estate, Dolf worked in public accounting including time at Ernst & Young in their real estate audit & consulting division.

Shelley Magoffin is an Executive Vice President at Bellwether Enterprise. Prior to Bellwether Enterprise, Shelley was SVP and West Coast Regional Co-Manager of Grandbridge Real Estate Capital, which acquired Dwyer-Curlett & Co., in 2012. Shelley was President and Chief Executive Officer of Dwyer-Curlett, a Southern California based mortgage banking company founded in 1933. Under her leadership the company’s servicing portfolio grew from $1 billion to $4 billion. She joined Dwyer-Curlett in 1989. Shelley has been involved in commercial real estate finance for more than 30 years both as a mortgage banker and as a lender. Her focus is on the origination, structuring and sourcing of debt and equity capital for income producing real estate in the Western United States. During her career she has been involved in the origination, structuring and financing of all types of income producing real estate including industrial, office, apartments, retail, self storage, medical office, congregate care and skilled nursing facilities. Shelley has closed hundreds of transactions and has consistently ranked as a leading producer arranging permanent debt, equity and construction loans for her clients.

John R. Barganski is Senior Vice President - Leasing for the Western Region of Brookfield Property Partners (NYSE: BPY), a multi-billion dollar, publicly-traded commercial real estate corporation that owns, manages and develops premier assets in the world’s most dynamic domestic and international markets. Barganski’s responsibilities include marketing and leasing activities within the Western Region, which encompasses more than 10 million square feet of Class-A office and retail properties. Brookfield’s signature assets in the Western Region are strategically located in the heart of downtown Los Angeles, West Los Angeles/Marina del Rey and San Francisco. Barganski is responsible for the regional leasing efforts and oversees a team of leasing professionals and exclusive listing brokerage teams. Barganski has more than thirty (30) years of commercial real estate experience, including comprehensive leasing, asset management and development responsibilities with renowned public and private organizations including Trizec Properties, C.J. Segerstorm & Sons, PacTen Partners (in joint ventures with Morgan Stanley and MetLife), Cushman & Wakefield and Prudential’s Premisys Real Estate Services. He has actively led negotiations for millions of square feet of office space leases with prominent international, national and local firms. Barganski holds a Bachelor of Science degree in Real Estate Finance from the University of Southern California, where he was also a member in USC’s inaugural Real Estate Development Program. He is actively involved in CoreNet, the Urban Land Institute (ULI), National Association of Industrial and Office Parks (NAIOP) and the Los Angeles Commercial Real Estate Association (LACRA), where he has held board positions within each of these industry groups. Barganski is also a frequent speaker and panelist with Bisnow, RenTV, BOMA, and RealShare conferences. John is an active board member at the Ketchum YMCA of Downtown Los Angeles, Rosary Academy and Servite High School.

Mr. Schlehuber has led Rexford Industrial’s property acquisition efforts since joining in 2009. He is also a member of Rexford’s Investment Committee. To date, Mr. Schlehuber has led the acquisitions team through 131 property acquisitions totaling nearly $2 billion and adding 17.2 million square feet to Rexford’s portfolio. Mr. Schlehuber has over 20 years of property investment and finance experience including acquisitions, dispositions, asset and construction management and leasing throughout California. Prior to his time at Rexford, Mr. Schlehuber was an Investment Officer at First Industrial Realty Trust, another publicly traded Industrial REIT. Additionally Mr. Schlehuber spent time working in investment banking and financial consulting at Relational Advisors (formerly Batchelder & Partners) and Arthur Anderson. Mr. Schlehuber is a Chartered Financial Analyst and Certified Public Accountant (Illinois-Inactive). He received his Bachelor’s degree in Finance from the University of Notre Dame.

Bob Andrews joined CenterPoint Properties as Senior Vice President, Regional Manager, in 2015. Mr. Andrews is responsible for managing the Company’s West region portfolio, which includes more than 7.2 Million SF of property across the Los Angeles, Oakland and Seattle markets. In this role, he partners with the entire West regional team to vet, underwrite, and perform due diligence for on-strategy investment opportunities. Prior to joining CenterPoint, Mr. Andrews served as Senior Vice President, Asset Management, for KTR Capital Partners, where he oversaw the firm’s portfolio in California, Arizona, Nevada and Washington. He was previously a regional director for RREEF, as well as an industrial broker for Cushman & Wakefield. Mr. Andrews holds a bachelor’s in business administration from the University of San Diego.

Aliza Karney Guren is the Chief Executive Officer and co-owner of Karney Properties. She assumed her position in 2003 and sets the overall strategy for the company. She is also directly involved in all key areas of the company’s activities, including development, finance, acquisitions and dispositions and asset management.She has spent more than 20 years in the real estate industry, including related experience in law and mediation. Prior to joining the company in 1991, she was a practicing attorney and mediator, and founded and directed an independent nonprofit arts organization. Aliza Guren, a California-licensed general contractor, is an active member of the Urban Land Institute and the National Association for Industrial and Office Parks. She is also a board member of the Center Theatre Group, one of the nation’s largest and most active theater companies. In 2014, she was named one of Bisnow’s top 60 women in Los Angeles commercial real estate. She is a member of ULI, RPO, POWRE, and Land Ladies. Aliza Guren earned a bachelor’s degree magna cum laude from Harvard University, where she also earned a law degree cum laude from Harvard Law School. She is a member of the State Bar of California.

Jon R. Reno, SIOR, CCIM is a senior vice president and managing director of Kidder Mathews’ downtown Los Angeles, California office. Jon provides consultative services to help businesses with navigating the details of relocation, competitive properties, market data, rental rate negotiation and TI options. He provides brokerage and investment services in the Central Los Angeles market. Jon also works with Institutional as well as private investment groups and public agencies with acquisitions, marketing, leasing, disposition, forward site analysis and financial feasibility studies. He maintains a strong working knowledge of the Subdivision Map Act, CEQA, Land Use Policy, land planning, zoning and entitlement law.

Robert G. Thornburgh is an executive vice president and partner with Kidder Mathews, a member of the company’s executive leadership team directly involved with the firm’s overall vision, growth, and strategy. Before joining Kidder Mathews, Robert was the President and CEO of Heger Industrial (now Kidder Mathews). His highly successful and respected career stems from over 20 years of faithful service to his clients, industry, and community. Robert’s breadth and depth of experience in the market are the direct result of his concentrated focus on assisting property owners with the leasing, sale, and acquisition of industrial real estate throughout Southern California. He proudly holds three of the most respected designations within the Commercial Real Estate Industry – SIOR, Society of Industrial and Office Realtors, CCIM, Certified Commercial Investment Member, and CPM, Certified Property Manager through the Institute of Real Estate Management. This is a distinction that less than one percent of all national Commercial Real Estate practitioners hold. Robert maintains offices both in the City of Long Beach and Los Angeles to better serve the needs of his valued clients.