NEW YORK CITY—Over 100 top local real estate executives are setto sleep outside in Times Square Thursday night tohelp draw attention to the plight of homeless teens and help themfind a way off the street.

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The “Real Estate Executive Sleep Out,” organized by acommittee of real estate professionals is a first-time fundraisingevent here that will bring together those committed to spending onenight on the streets to support programs for homeless youth in NewYork. The event—which already has raised $202,838—was created inconjunction with Covenant House, a not-for-profit organization thatworks to improve the lives of homeless teens.

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“We decided to form our own spin-off from national “SleepOuts” held by Covenant House that represent other industries,”says Matt Schmeelk, senior EVP at Kensington Vanguard NationalLand Services, who is the co-chairman of the “Sleep Out” Committee,along with Arvind Chary, managing principal at Atlas Real EstatePartners.

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The “Real Estate Executive Sleep Out”Committee includes executives from the Witkoff Group; RREEFTransactions; Lone Star Funds; Madison Development; MissionCapital; UBS Real Estate; Thor Equities; Cassidy Turley;Convene and TOWN.

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“The NYC real business is a cutthroat industry that requires a24/7 commitment,” notes Brett Mufson, managing director, theWitkoff Group. “It's important we take a step back and raiseawareness about homeless kids and the perils they face in the samecity we, as real estate professionals aim to improve on a dailybasis.”

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Adds Matthew Dicker, CFO, Madison Development, “At its core,real estate is about constantly improving our communities and thelives of all people who live there. Our hope in participating inthis event is to raise awareness for Covenant House's cause and letthe homeless youth in our city know that we are here to help themget a second chance.”

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Representatives of the following companies also are expected toparticipate: Kushner Companies, Hines, Kensington Vanguard National LandServices, Lone StarFunds, Related Companies, East End Capital MadisonDevelopment, CIM Group, The Blackstone Group, DHACapital, Synapse Capital, UBS Real Estate, Virgin Hotels,Angelo, Gordon & Co., Convene, Westbrook Partners, ThorEquities, DDG Beacon Capital Partners, World Class Capital,Northwood Investors, Mission Capital, Belvedere Capital,Forest City Ratner Companies, Colony Capital, AltoInvestments, Marcus & Millichap, Rialto Capital, 60Guilders, LLC, Bank of America, TOWN, Excelsior Equities andTaconic Investment Partners.

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Property Markets Group, Morgan Creek Capital Management, Walker& Dunlop, Spear Street Capital, Silverpeak Real EstatePartners, Sierra Real Estate, Brookfield Real EstateFinancial Partners, Skyview Capital, Escape, Rackson, HudsonAdvisors, Sumaida + Khurana, Vesper Holdings, Park 7 Group,Rockport Equity, Rockwood Capital, Marsh, Phasa Development, LLC,Ladder Capital, Rambleside Holdings, Vornado Realty Trust, Silverpeak Real Estate Finance, Eastdil Secured, Lee &Associates, The Square Foot, The Durst Organization, InvestcorpInternational, Inc., Winter & Company Commercial Real EstateFinance, JMC Holdings, Kaplan Equities, DLG, Iron HoundManagement, Paramount Group, Rialto Capital, Greenberg Traurig,Alpha Partners, Centaur Properties, FirTreePartners, Rockwood Capital, HudsonAdvisors, Northeast Equity, Legacy Buildersand Crown

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The Sleep Out will take place at Covenant House on Oct.9th at 460 West 41st Street, on the corner of 10thAvenue and West 41st Street. The event starts at 7 pm inside whereparticipants will meet and interact with young people helped byCovenant House before bedding down for the night outside at 11 pmin sleeping bags in the Covenant House's parking lot.

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Clickhere to donate to the cause.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.