NYU SPS Schack REIT Investment Fund

Our fund is beating the benchmark. The main themes/takeaways discussed in our Jeffersonian discussion can be found below: NYU Schack Institute of Real Estate NYU SPS Schack REIT Investment Fund Marc Norman Scott Robinson Taylor B. Cohen, Daniel Jose Hernandez, Charles McDonald, Bradford Koenitzer, Arghavan Taheri, John Lawrence, Nick Gershfeld, Eden Jakob, Ben Knopf, Sebastian N., Jack D'Agostino, Chris Lento, Luke Lopez, Walter Stack, Colin Dallas-Wu, David Salaz, Kyle Freeman, Yusuf Bugra Cubuk, Anthony Minchillo, Kosta Mocklis, Luke DiGiovanni, and Nathaniel Kerr

Last Friday, the NYU SPS Schack REIT Investment Fund hosted an end-of-semester celebration dinner featuring a Jeffersonian-style discussion with the entire Fall 2024 cohort, Scott Robinson, Dean Marc Norman, our distinguished speakers and honorable guests. 🥂 Our discussions delved into impactful topics, including the influence of tariffs and policies on REITs and the broader real estate sector. Alongside celebrating our recent allocation toward AUM, we took great pride in reflecting on the Fund’s strong performance, which has consistently outpaced the benchmark. It was inspiring to witness Fund members sharing diverse perspectives during these thought-provoking conversations. 📣 A special shoutout to the successful IC memo pitches, the dedicated analysts on the sector team and management team for their invaluable contributions. 🍾 A heartfelt thank you to all the members, faculty, and esteemed guests who made the evening memorable! Honorable guests and speakers mentioned: David Harris James Shaffer Walter Stack Charles McDonald Chris Lento NYU Schack Institute of Real Estate NYU REIT CENTER #reit #nyu #schack #realestate #dinner #celebration #success #reitfund #cre #youngprofessional

NYU SPS Schack REIT Investment Fund Fall 2024 Cohort had the honor of presenting at the 57th Annual Conference on Capital Markets in Real Estate, hosted by NYU Schack Institute of Real Estate. 🏙️ Yesterday’s conference was a resounding success, bringing together industry leaders, emerging talent, and young professionals in real estate at the iconic New York Hilton Midtown. The conference featured a powerhouse lineup of speakers sharing groundbreaking strategies and bold visions for the future of real estate capital markets. 🚀📚 REIT Fund Fall 2024 Cohort attendees (left to right): Aaron Goldman Bradford Koenitzer Sebastian N. Kosta Mocklis Zahraa Ayob Dylan Goldstein Luke Lopez Yusuf Bugra Cubuk Kyle Freeman Arghavan Taheri James Azarian Scott Robinson - Faculty Advisor Nick Gershfeld Colin Dallas-Wu Daniel Jose Hernandez Eden Jakob David Salaz Raj Chauhan Allison Chen NYU Schack Institute of Real Estate NYU REIT CENTER NYU School of Professional Studies #RealEstateIndustry #NYUSchack #REIT #CapitalMarkets #RealEstate #YoungProfessionals #Conference #NetworkingOpportunity #CRE #FutureOfRealEstate

Last week, the NYU SPS Schack REIT Investment Fund’s Management Team—James Azarian, Zoe Kimmelman, Thomas Walsh and Jack D'Agostino—along with our faculty advisor, Scott Robinson delivered an exceptional presentation during an informational session at NYU Schack Institute of Real Estate. The session aimed to introduce the REIT Fund to Schack students interested in joining the Spring 2025 cohort. A key purpose of the Fund is to provide Schack students with an opportunity to apply and integrate real estate institute teachings in the pursuit of investment management. A highlight of the event was a live case study presented by Jack D'Agostino showcasing the Fund's approach to REIT securities analysis and offering insight into our analytical processes. The applications for reit fund spring 2025 cohort are open! We’re excited to welcome the next generation of talented students to the Fund and look forward to seeing what they will bring to the table! NYU REIT CENTER NYU Schack Institute of Real Estate #RealEstate #InvestmentManagement #REIT #NYUSchack #Finance #StudentOpportunities #CaseStudy #ProfessionalDevelopment #RealEstateInvesting #Spring2025

We were excited to welcome the Urban Edge team, including Charles McDonald, Chris Lento, James Azarian, and Ryan Alperstein, to the NYU SPS Schack REIT Investment Fund for an insightful and engaging presentation. Opportunities like this are invaluable for our REIT Fund analysts, offering a unique chance to learn directly from industry leaders. The presentation provided actionable insights, particularly through their compelling case study on the Shoppers World acquisition. A big thank you to Urban Edge Properties for sharing their expertise and inspiring the next generation of real estate leaders and our president, James Azarian, for coordinating this collaboration! 👏 👏 NYU Schack Institute of Real Estate #REIT #RealEstateInvestment #UrbanEdge #NYU #SchackInstitute #RealEstateFinance #Acquisitions #Development #InvestmentStrategies #CRE #CommercialRealEstate #RealEstateLeaders #FutureOfRealEstate #StudentInvestors #CaseStudyLearning #RealWorldInsights

We are excited to introduce the Fall 2024 cohort of the NYU SPS Schack REIT Investment Fund. We warmly welcome our new team members and extend our congratulations to the Spring 2024 members who have graduated and are continuing to excel in their careers. A second group of the Fall 2024 cohort will be announced soon. Each member brings a unique set of skills and expertise, contributing to the Fund's continued growth and success. The Fund focuses on investments in US-listed REITs (Real Estate Investment Trusts), REOCs (Real Estate Operating Companies), and Homebuilders. As a student-run initiative, our investment strategy is grounded in sound principles, offering hands-on learning experiences while striving for meaningful financial returns. We extend our gratitude to Dean Marc Norman for his unwavering support of this invaluable opportunity. We invite you to follow our journey as we grow the Fund and make impactful strides in the real estate investment landscape. Stay tuned for our dedicated team's updates, insights, and thought leadership. Meet the Team: Management: Scott Robinson – Faculty Advisor and Fund Founder James Azarian – President Thomas Walsh – Co-Portfolio Manager Zoe Kimmelman – Co-Portfolio Manager Aaron Goldman – Lead Analyst & Head of Sector Strategist Jack D'Agostino – Treasurer Luke DiGiovanni – Trader Chris Brummer, CFA® – Auditor Colin Dallas-Wu – Communication Director John Lawrence – Advisor Economic Strategists: Dorren Triguboff Sector Strategists: Aidan Schwartz – Diversified Zoe Kimmelman – Residential John Lawrence – Residential Sabrina Wei – Residential Aaron Goldman – Office Luke Lopez – Office Sebastian N. – Healthcare Nathaniel Kerr – Healthcare Eden Jakob – Retail Chris Brummer, CFA® – Retail Colin Dallas-Wu – Retail Raj Chauhan – Industrial Nick Gershfeld – Industrial Allison Chen – Self Storage Bradford Koenitzer – Infrastructure Luke DiGiovanni – Data Center Thomas Walsh – Timber & Specialty David Salaz – Lodging & Gaming Daniel Jose Hernandez – Lodging & Gaming Jack D'Agostino – Mortgage NYU Schack Institute of Real Estate NYU School of Professional Studies NYU REIT CENTER #NYU #NYUSchack #REIT #RealEstate #Leadership #wearesps #nyurealestate #InvestmentFund #CRE #REIT #RealEstateInvesting #InvestmentStrategy #FutureLeaders #Fall2024Cohort #Commercialrealestate #Finance

We would like to spotlight Jake C., another valuable member of the NYU SPS Schack REIT Investment Fund. Jake has recently completed his time at the REIT Fund, where he specialized in the residential sector, with a strong focus on manufactured homes. Jake is pursuing a Master’s degree in Real Estate, specializing in finance and investments. He has demonstrated exceptional performance in his academic pursuits, evidenced by maintaining a 3.9 GPA and being selected as the recipient of both the Cushman & Wakefield and Capital Markets scholarships. In addition to demonstrating a strong commitment to his educational goals, Jake worked as an Alternative Investment Analyst at Capital Advisor Partners. In this role, he played a key role in launching an investment fund, securing funding, and sourcing new investors. This past summer, Jake worked as an Acquisition and Development Analyst at RockFarmer Properties, where he performed financial analysis and cash flow modeling on commercial real estate properties across Texas and New York City. This Fall, Jake will be working as a Teacher’s Assistant for Professor Timothy Savage’s Real Estate Finance class. We wish him continued success in his future endeavors! NYU Schack Institute of Real Estate NYU REIT CENTER #NYU #NYUSchack #REIT #RealEstate #Leadership #wearesps #nyurealestate #InvestmentFund #CRE #REIT #residential

🌟 Coming back from Labor Day, we would like to highlight a few departing members of the NYU SPS Schack REIT Investment Fund. ⬇ Today, we recognize Jackson Owens, a former member of the REIT Fund and an MSRE candidate who focused on Investment and Real Estate Development. With personal experience in multifamily real estate investing and over seven years in management consulting, Jackson brought a wealth of diverse perspectives to our team. His expertise in supply chain and operations for numerous Fortune 100 companies and his ability to manage large-scale projects and perform detailed Excel analyses made him an invaluable asset to the Fund. As an analyst for the Office sector, Jackson's work led to strategic investments and optimized allocation, aligning with the Fund’s strategy and driving greater returns. Jackson joined the REIT Fund to deepen his knowledge of REIT investing and valuation while collaborating with some of the brightest minds in the industry. We’re grateful for Jackson’s contributions and wish him continued success in his future endeavors! 👏 NYU Schack Institute of Real Estate NYU REIT CENTER #NYU #NYUSchack #REIT #RealEstate #Leadership #wearesps #nyurealestate #InvestmentFund #CRE #REIT #Office

It was fantastic to see our President, James Azarian, and Communication Director, Colin Dallas-Wu, representing the NYU SPS Schack REIT Investment Fund at the NYU Schack Orientation and New Student Reception hosted at 7WTC, Silverstein Properties alongside many other student leaders. We had the opportunity to share information about fund’s mission and application process for those interested in joining. We were thrilled to see so many students eager to get involved with the Fund. A special thanks to Dean Marc Norman for the shout-out and for supporting and introducing the REIT Fund program. 🚨Attention Schack students! If you're interested in joining the REIT Fund, please check your NYU email for the application link. NYU Schack Institute of Real Estate NYU REIT CENTER #NYUSchack #REITFund #RealEstate #StudentOpportunities #NYU #Finance #Investment #Leadership #orientation.

We are thrilled to highlight Allison Chen as the Self-Storage Sector Strategist of the NYU SPS Schack REIT Investment Fund. Allison is a current MSRE candidate focusing on Finance and Investment. She worked as an Econ strategist last semester at the fund and now focuses on self-storage REITs. Previously, she worked at Swire Properties, where she was involved in developing and leasing over 8M sq ft of office space. She has solid experience in large-scale, ground-up development projects with numerous complexities and creating a place that can be a destination for occupiers and the community. Allison holds a B.A. in Economics from Bucknell University. We look forward to seeing her impactful work continue this academic year! NYU Schack Institute of Real Estate NYU REIT CENTER #NYU #NYUSchack #REIT #RealEstate #Leadership #wearesps #nyurealestate #InvestmentFund #CRE #Selfstorage