Mark your calendar for a timely, no-holds-barred conversation between real estate and finance legends Diana Reid, Independent Director, Welltower (NYSE: WELL) and Byron L. Boston, President, CEO and co-CIO, Dynex Capital (NYSE:DX) about the challenges of being “the only one in the room”—and how over the course of their decades-long careers they navigated systemic discrimination, unconscious bias and other challenges without losing authenticity. Both guests will share insights on how the real estate industry can be more diverse and inclusive.
This virtual program is part of new series: Courageous Conversations: The Only One in the Room launched by ULI Washington’s Women’s Leadership Initiative (WLI) to explore and illuminate issues around diversity, equity and inclusion in the real estate industry. Through honest conversations with women and people of color within the industry, the series offers safe spaces for important conversations and opens pathways to change through mentorship, sponsorship, leadership and hiring practices.
Diana Reid, Independent Director, Welltower (NYSE: WELL)
Byron L. Boston, President, CEO and co-CIO, Dynex Capital (NYSE:DX)
Thank You To Our WLI Impact Partners
ByronL.Bostonis Chief Executive Officer, President, and Co-Chief Investment Officer and Board member. Mr. Boston is an investment professional with an extensive background in fixed-income capital markets. During his 30-year career, Mr. Boston has held a number of leadership positions in the asset management/investment banking community, and has personally founded two successful public companies. After graduating from Dartmouth College in 1981 with a degree in economics, Mr. Boston began his career as a corporate bankerwith Chemical Bank, where he focused on direct corporate loans and bond issuances. Mr. Boston returned to business school at the University of Chicago, from which he earned an M.B.A. in 1986, specializing in finance and accounting. He then joined the fixed-income training program at Credit Suisse First Boston (CSFB), subsequently becoming a mortgage-backed securities bond trader. Between 1986 and 1997, Mr. Boston traded mortgage securities for both CSFB and Lehman Brothers. In 1997, Mr. Boston was recruited by Freddie Mac to develop and lead the initial investment plan to grow their retained portfolio. After successfully overseeing the investment strategy and driving excellent performance, he departed Freddie Mac to launch in January 2004 Sunset Financial Resources, a mortgage REIT specializing in high-quality residential and commercial loans and securities. Mr. Boston led the company's initial public offering in March 2004, raising $130 million in initial equity. Sunset was sold in 2006. Mr. Boston consulted with Redwood Trust Inc. until he joined Dynex Capital in 2008
Diana Reid is an Independent Director of Welltower Inc. (WELL), an S&P 500 company. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. From 2007 until her retirement in April 2019, Diana Reid led PNC Real Estate, the commercial real estate business of The PNC Financial Services Group. As executive of PNC Real Estate, Diana Reid led 1,000 employees serving commercial real estate clients nationally, with oversight of four business areas: Real Estate Banking, Multifamily Agency Finance, Tax Credit Solutions and Midland Loan Services. Prior to joining PNC, Reid spent 19 years at the investment bank Credit Suisse (Mortgage Trading, Debt Capital Markets, and Financial Institutions Investment Banking) and 5 years as founding partner of Beekman Advisors (strategic advice and M&A execution for real estate finance companies). Reid is a member of the ULI Pittsburgh District Council, a ULI Trustee (elected 2012), past member of the ULI Global Board of Directors (2013-2016), and past chair of the ULI Women's Leadership Initiative (2013-2015). Reid joined the UDMUC Red Product Council in 2013 and was elected ULI Foundation Governor in 2015. Reid serves on the board of trustees of Pittsburgh Opera. In 2012, Reid was elected to membership in The Committee of 200, and served on its foundation board of Directors (2014-2018). Reid received a masters degree in Business Administration from The Darden School at the University of Virginia.