The Premier National Trade Association for
Commercial Real Estate Principals

REIAC – NORTHEAST CHAPTER

Based in Boston, Massachusetts

LEADERSHIP

MARK MORRISON
President
AEW Capital Management

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WISTAR WOOD
Clerk
The Eider Group

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NYAL MCDONOUGH
Board Member

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STEVE CAMPBELL
Board Member
MIT Investment Management

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UPCOMING EVENTS

April 5, 2023 | Boston Celtics Game

CHAPTER HISTORY

REIAC expanded to the Northeast when Wistar Wood founded the Boston REIAC chapter in 1994. Previously, Mr. Wood had been a member of the Los Angeles chapter, and his experience working with Jeff Baize, REIAC’s founder, inspired him to create a similar principals-only boutique association to benefit Boston-based professionals.

Today, REIAC Northeast includes in its membership senior managers from the most established real estate institutions in the Northeast.

MEMBERSHIP

REIAC membership standards are proprietary and determined by its directors. In general, membership is by invitation only and limited to individuals who are at senior management levels of well-established real estate investment entities. These entities must be acting as principals in the areas of acquisitions, dispositions, development, asset management and debt procurement.

Potential members must demonstrate the requisite experience, competence and ethics within their respective fields and have a desire to utilize their skills in a manner that will improve the community and the profession.

Learn about REIAC membership

Click here to download the Northeast Region Membership Application (coming soon)

PAST EVENTS

2023

January 26, 2023: 2023 Forecast Presentation with Doug Poutasse

2022

August 18, 2023: Walking tour of Aresenal Yards with Tom Wilder (redevelopment of enclosed mall to premier mixed-use destination)

2021

October 23, 2021: Presentation by Allen Breed and Stephen Campbell on Life Science Conversion in Cambridge, MA
April 8, 2021: Annual Roundtable discussion led by Wistar Wood

2020

December 10, 2020: Macroeconomic Discussion with Doug Poutasse
June 9, 2020: Macroeconomic Discusssion with Doug Poutasse

CLICK HERE TO SEE PAST EVENTS FROM 2013 – 2019

The Premier National Trade Association for Commercial Real Estate Principals

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Mark A. Morrison, CFA®
Director and Portfolio Manager, Private Equity Group
AEW Capital Management

Mr. Morrison is a Director and Portfolio Manager in AEW’s Private Equity Group. Based in AEW’s Boston office, Mr. Morrison is responsible for managing portfolio accounts across the core through value-added spectrum that represent all major property types and most significant U.S. markets, in addition to sales and new acquisitions. Mr. Morrison has 16 years of real estate experience spanning portfolio management, acquisitions and accounting. Prior to transitioning to the role of Portfolio Manager, Mr. Morrison served as an acquisition specialist for several years responsible for sourcing, underwriting, negotiating and closing new investment opportunities. Prior to that, Mr. Morrison was based in AEW’s Singapore office where he served as Financial Controller for AEW Value Investors Asia, a pan-Asian closed-end fund. Prior to joining AEW in 2008, he was a Senior Accountant at Ernst and Young, with a primary focus on publicly traded REIT’s. Mr. Morrison has a B.S. in Business Administration from Babson College and is a Certified Public Accountant, inactive. Mr. Morrison is also a CFA charter holder.

M. Wistar Wood
The Eider Group

Wistar Wood is the founder and president of The Eider Group, a real estate consulting firm that advises institutional real estate owners. He has more than 30 years of direct acquisitions, development and asset management experience, responsible for over $4 billion in investment transactions. Prior to founding The Eider Group, Wistar was a Director at AEW, and he also worked at Beacon Capital Partners and Cabot Partners.

Wistar is the founder and past president of the Northeast Chapter of the Real Estate Investment Advisory Council (REIAC). He is a graduate of Princeton University (BA) and the Wharton School, University of Pennsylvania (MBA).

Nyal McDonough

Mr. McDonough is an Asset/Property Management Consultant with expertise Multifamily and Retail. He is skilled in portfolio-level and asset-level performance of real estate investments including investment returns, strategic decision making and tactical execution. He has managed property managers, leasing agents and consultants, including legal, traffic, merchandising, physical, architectural and structural consultants. He is proficient in preparing and delivering client presentations. He has managed restructuring, sales, and asset financing. He possesses complete market understanding (market, submarket and competitive set) for assigned assets. Multifamily Equity portfolios have included up to 10 investments totaling 5,600 apartments and $930M in value, while retail portfolios have included up to 36 assets with asset values up to $955M and 6.5M square feet.

Prior to working in Consulting, Nyal spent eleven years in Asset Management with Berkshire Residential and prior to that he spent eleven years with pension and REIT investment advisor AEW Capital Management as a member of the AEW Retail Group. During his time at AEW, Nyal managed two joint ventures which invested $575 million in grocery anchored strip shopping centers and sold thirty assets valued at $488 million.

In addition to his involvement in REIAC, he is a past Co-Chair of the Urban Land Institute’s Boston Council Real the Real Estate Committee a past member of the Urban Land Institute Multifamily Silver Council. Nyal has a Bachelor of Arts degree in finance from Boston College and a Master’s of Business Administration from Babson College.

Stephen P. Campbell
Associate Director
MIT Investment Management Company (MITIMCO)

Stephen Campbell, Associate Director, joined MITIMCo in 2010. Stephen is a member of the transaction group responsible for structuring and negotiating debt and equity capital market transactions as well as leasing assignments for the Cambridge portfolio. Prior to joining MITIMCo, he served as a Principal at Goedecke Company. Prior to Goedecke, he worked for Jones Lang LaSalle within the capital markets group and spent 12 years in real estate asset management at AEW. As a member of the Massachusetts Bar he holds a JD from Suffolk Law School and a BA from the University of Massachusetts, Amherst in Business Administration/Accounting. In addition, Stephen is a Certified Public Accountant (inactive) and a licensed real estate broker.

STEVE REINSTEIN, CEO
Long Beach Judicial Partners

Stephen Reinstein is CEO of Long Beach Judicial Partners LLC, Meridiam Infrastructure’s project company, which has a signed a long-term contract with the State of California’s Judicial Council to finance, design, build and operate and maintain a new 545,000 SF courthouse in Downtown Long Beach, California. This project represents the first availability-pay, social Public Private Partnership to reachfinancial completion in the United States. With a total capital value of $495 Million, this development program includes 31 courtrooms, holding cells and administrative space for the Superior Court, 100,000 square feet of office space for five Los Angeles County justice agencies and 5,000 SF of retail space, as well as a 1,000 space parking structure renovation. Construction of this unique fast track, design-build project commenced in Spring 2011, with occupancy scheduled for Fall 2013.

With over 30 years of commercial real estate industry experience, Mr. Reinstein has played instrumental roles in financing or implementing many innovative development projects throughout the U.S. for Metropolitan Life, Homart Development, the Howard Hughes Corporation, Regent Properties and ICO Development. Mr. Reinstein’s background includes full cycle development of approximately Three Million SF of “from the ground up” and “value add” projects at a cost of over $400 Million, as well as extensive acquisition, investment, entitlement and public private partnership experience.

Mr. Reinstein holds a BA from Duke University, a Master of City Planning from Harvard University’s Graduate School of Design, and an MBA from Northwestern University’s Kellogg School. He is a founding Board Member and former Chair of the Los Angeles County Museum of Art’s Photographic Arts Council.

[email protected]
www.lb-jp.com