The CEO Roundtable

Jacob E. Reiter is an investor, Managing Partner at Gramercy Park Capital and President of Verde Capital Corp. Founded in 2011, Jake is responsible for strategic investor, operator and platform development (including investment strategies, technology and risk management). Jake is the product of a fourth-generation real estate development family founded in NYC in 1900. Jake has several decades of experience developing capital solutions for real estate operators including developers, funds and REITs on a national basis. Jake brings a pragmatic approach to providing equity and structuring debt for development projects, acquisitions and recapitalizations in all asset classes. With a unique and broad-based background in corporate and leveraged finance, public/private sector transactions, capital markets and strategic tax planning, Jake is able to facilitate maximum asset values and returns for operators and investors. Jake is a Research Sponsor of the Zell/Lurie Center and Ballard Executive Speaker, a member of the National Multifamily Housing Council, NAIOP and ICSC. Jake also sits on the executive boards of Jewish Federation Real Estate (JFRE), Jewish Federation’ Real Estate Committee, and serves as Co-Chair of the Philadelphia Holocaust Remembrance Foundation. Jake attended Washington University in St. Louis and Harvard University.

Joseph F. Coradino has been Chief Executive Officer of PREIT, a publicly traded New York Stock Exchange company (PEI), since 2012 and Chairman of the Board since 2016. PREIT owns and manages a portfolio comprising over 20 million square feet of retail properties, primarily shopping malls, with a concentration in two top 10 MSA markets, Greater Philadelphia and Washington DC. Mr. Coradino is a leading executive in the commercial real estate industry with an impressive track record of accomplishment. As CEO, he successfully implemented a new strategic vision for PREIT based on foundational precepts including achieving a strong balance sheet, creating a quality portfolio, establishing operational excellence with a laser focus on internal growth. He has been with PREIT since 1998 and has been a member of PREIT’s Board of Trustees since 2006. From 2006 to 2011, Mr. Coradino also served as a member of the Board of Directors for the arts and crafts retailer, A.C. Moore (NASDAQ:ACMR). He chaired its Nominating and Governance Committee and served on its Compensation Committee. Mr. Coradino serves on Temple University’s Board of Trustees and is Vice Chairman of their Facilities Committee and was recently appointed a Trustee of the International Council of Shopping Centers (ICSC). He also serves on the Executive Committee of the Board of the Center City District, the Board of the Greater Philadelphia Chamber of Commerce and is an Advisory Board Member of the Italian Consulate in Philadelphia. Mr. Coradino has served on numerous charitable boards and was honored to receive the 2016 Distinguished Citizen Award from the Boy Scouts of America Cradle of Liberty Council and to co-chair the Academy of Music 158 th Anniversary Concert and Ball in 2015. In 2009 he was the recipient of the Heart of Philadelphia Award from the American Heart Association for his leadership and dedication to the community. Mr. Coradino has been profiled in numerous business publications and is a featured business leader in the book, “Wisdom at the Top” by Scott D. Rosen. A Magna Cum Laude graduate from Temple University with a Bachelor of Arts in Urban Studies, Mr. Coradino also holds a Master’s Degree in Urban Planning from the University of Arizona.

Mr. Korman is Co-CEO of Korman Communities, Inc. The Company is one of the largest owners and managers of multi-family properties in the region with a portfolio of 24 properties, and total market capitalization in excess of $2 Billion. The Company operates throughout major markets in the United States, and is based outside of Philadelphia, PA. The Company was the innovator of short-term furnished apartments in the United States over 50 years ago, and Mr. Korman is a member of the fourth generation to lead this company. The Company operates three brands, including its ARK and AVE properties which feature full service multifamily operations at prime, infill locations. The Company introduced its AKA brand in 2004, an upscale, urban high-rise concept with properties located in New York City, Philadelphia, PA, Washington, D.C., Beverly Hills, CA, and London. Mr. Korman has lead the acquisition, development and financing program of all new properties by the Company, including the entrance into new markets such as New York City, Beverly Hills and London. This growth has allowed Korman Communities to establish relationships with some of the largest and most respected financial and lending institutions in the country. Mr. Korman oversees all new business development, including debt and equity relationships, throughout the Company. Mr. Korman serves on the Board of Trustees of The Philadelphia Police Foundation, Germantown Academy and the Duke University Library Advisory Board. He is also a member of the JFRE Executive Committee, President’s Leadership Council at Jefferson, Zell/Laurie Real Estate Center of The Wharton School of the University of Pennsylvania, and is a licensed Real Estate Broker in Pennsylvania and New York. Mr. Korman received his B.A from Duke University in 1987, and his M.B.A. from The Wharton School of the University of Pennsylvania in 1992.

Urban visionary Carl. E. Dranoff has earned national recognition for his game-changing approach to residential development in the urban core. As founder and CEO of Philadelphia-based Dranoff Properties, Dranoff has developed over 1.4 million SF of prime real estate valued at $1 billion with projects ranging from ground-up skyscrapers, adaptive reuse, and mixed-use developments. Developments, built by Dranoff, share a common theme – they are stylish, character-defining, beautifully designed expressions of modern luxury living. Philadelphia's most iconic condominium high rises, including One Riverside, 10 Rittenhouse, Two Liberty, Symphony House, and the under-construction Arthaus, are his work. The uber-luxurious, trend-defying Arthaus is Dranoff’s latest achievement which recently welcomed its first residents. Located across from the Kimmel Center and designed by international A-list architect Kohn, Pedersen Fox, the condominium residences feature expansive skyline and river views and floorplans and finishes worthy of a magazine spread. The resort-style amenities, green spaces, gardens, and white-glove service make every day feel like a vacation. Over his career, Dranoff has had a steady stream of development achievements that have raised the bar on luxury living and changed the equation for urban living. His game-changing apartment and condominium developments are credited with turning around many declining Philadelphia neighborhoods, the Camden, NJ's Waterfront, Newark, NJ's art district, and the Ardmore PA's business district. Dranoff earned his B.S. in Civil Engineering at Drexel University and his MBA at Harvard University. He was also awarded an Honorary Doctorate in Engineering from Drexel University, which cited him as "a nationally recognized civic leader and entrepreneur…whose work has brought a renewed sense of history to Philadelphia and urban Americans throughout the country".

Ashish R. Parikh has been the Chief Financial Officer of Hersha Hospitality Trust since 1999. Prior to joining Hersha, Mr. Parikh was in the Mergers and Acquisition Group for Fleet Financial Group where he developed valuable expertise in numerous forms of capital raising activities including leveraged buyouts, bank syndications and venture financing. Mr. Parikh was previously with Tyco International, Ltd. and practiced as a Certified Public Accountant with Ernst & Young LLP. Mr. Parikh received his master’s in business administration from The Stern School of Business at New York University (NYU) and a bachelor’s in business administration from the University of Massachusetts at Amherst. Mr. Parikh is currently a board member of the Center for Real Estate Finance at NYU’s Stern School, the Philadelphia Real Estate Council, The Committee of Seventy and a member of the Real Estate Capital Policy Advisory Committee of the Real Estate Roundtable.

Jonathan has more than 20 years of real estate investment and management experience. He is responsible for the acquisition and development of all new projects, property management, and leasing of over 12,000 rental apartment units and 6 million SF of office, retail and industrial properties. He oversees the team at KRE Group that is forging ahead with a development pipeline of over 10 million SF of residential and mixed use projects. Jonathan holds a B.A. from New York University and was the recipient of the 2016 SmartCEO Future 50 Award.

A corporate finance specialist with 17 years of experience, Bennett Lomax is the President and CEO of The Lomax Companies LP, a private investment firm focused on venture capital and private equity. Bennett is the Chairman and CEO of Prime Image, an enterprise technology company that specializes in AI, e-commerce, and automation. Bennett is also a Partner in Lomax Real Estate Partners, a real estate development firm where he leads all corporate finance activities. Bennett serves as the Chairman of the Board of WURD Radio, Pennsylvania’s only Black owned talk radio station. Lastly, Bennett serves as lead director on the board of Beltraith Capital, LLC an institutional asset management firm with $2 billion under management. Mr. Lomax is a member of the Board of Directors for the Museum of the American Revolution, serving as its Finance Committee Chair and Treasurer. Mr. Lomax is also a Trustee of the Lomax Family Foundation and is a member of Sigma Pi Phi Fraternity. Mr. Lomax received a Bachelor of Science in Finance (cum laude) from Hampton University and a Juris Doctor from Temple University Beasley School of Law.

DR. STEPHEN KLASKO is a transformative leader and advocate for a revolution in our systems of healthcare and higher education. His 2018 book is titled, Bless This Mess: A Picture Story of Healthcare in America – an account of how the USA was elected to the Intergalactic Council of Cool Health Systems by 2035. As President and CEO of Philadelphia-based Thomas Jefferson University and Jefferson Health since 2013, he has steered one of the nation’s fastest growing academic health institutions based on his vision of re-imagining health care and higher education. His 2017 merger of Thomas Jefferson University with Philadelphia University creates a pre-eminent professional university that includes top-20 programs in fashion and design, coupled with the first design thinking curriculum in a medical school, and with the nation’s leading research on empathy. His track record of success at creating and implementing programs that are shaping the future of health care earned him a place among Fast Company’s 100 Most Creative People in Business, Becker’s Hospital Review’s 100 Great Leaders in Healthcare in 2018 and on Modern Healthcare’s list of the 100 Most Influential People in Healthcare and Most Influential Physician Executives in 2017. That same year, his entrepreneurial leadership and success at recruiting helped Thomas Jefferson University Hospital achieve a #16 ranking – and elite Honor Roll status – on U.S.News & World Report’s Best Hospitals list. In 2018, Jefferson was invited to join the World Economic Forum. Dr. Klasko is a nationally recognized advocate for healthcare transformation, having served as dean of two medical colleges, and leader of three academic health centers before becoming President and CEO at Jefferson. He is author of 1999’s The Phantom Stethoscope, 2016’s We Can Fix Healthcare in America, and editor in chief of the journal “Healthcare Transformation.” Under his leadership, Jefferson Health has grown from a three hospitals to 14 with revenues that grew from $2.2 billion to more than $5.1 billion, annualized. The new Jefferson focuses on managing the health of populations in southeastern Pennsylvania and southern New Jersey. Jefferson has the largest faculty based tele-health network in the country, the NCI-designated Sidney Kimmel Cancer Center, and an outpatient footprint that is among the most technologically advanced in the region. This rapid growth led in 2017 to GE Healthcare signing with Jefferson Health the largest risk-shared partnership in the U.S., aimed at saving more than $500 million over eight years. Jefferson has 2018 annualized post-merger revenues of $5.1 billion, more than 30,000 employees, 7,800 students, 6,600 physicians/practitioners and 4,400 faculty. Through a unique four pillar model, academic-clinical-innovation-philanthropy, Jefferson has attracted both venture capital and transformational gifts. Sidney and Caroline Kimmel donated $110 million to Jefferson on June 18, 2014, the largest gift in the University’s history. Philanthropy and innovation have also resulted in the addition of the Marcus Institute of Integrative Health, nationally recognized for its modern medical and integrated therapies, and the Jane and Leonard Korman Respiratory Institute, a unique partnership between Jefferson Health and National Jewish Health. Previously, as CEO of USF Health and Dean of the Morsani College of Medicine at the University of South Florida, Dr. Klasko built the nation’s largest “assessment of technical and teamwork competence” center known as CAMLS (Center for Advanced Medical Learning and Simulation). He also led a partnership with the country’s largest retirement community, The Villages, to create “America’s healthiest hometown,” an innovative primary-care-driven, patient-centric, Medicare-based accountable care model. Dr. Klasko is ideally suited to lead such initiatives, having completed a grant after receiving his MBA from the Wharton School of Business of the University of Pennsylvania on selecting and educating physicians to be leaders of change. His unique medical education program at USF, called SELECT (Scholarly Excellence, Leadership Education, Collaborative Training), is recognized for its focus on choosing medical students based on emotional intelligence and leadership potential. Dr. Klasko also serves on the board of Teleflex (TFX), a NYSE global medical device company with a market cap of $12 billion. He has served on both the audit committee and governance committee and has been a director since 2008. He also is a trustee of Lehigh University, one of the nation’s leading engineering and business schools. He is married to Colleen Wyse, a fashion leader and founder of The Philadelphia Trunk Show, and has three children: Lynne, David and Jill.