Real Estate & Hospitality

Jenny Ma

Director, Canaccord Genuity Corp. (Canada)

Jenny Ma is a Real Estate analyst at Canaccord Genuity, re-joining the firm in October 2012. Previously, Jenny was a Real Estate analyst at Desjardins Securities. Jenny has more than seven years of equity research experience and previously held positions at Canaccord Genuity and Genuity Capital Markets. Jenny is a CFA Charterholder, and earned B.Comm and B.Sc degrees (both with distinction) from the University of Calgary, where she was a member of the Calgary Portfolio Management Trust. Email:; Phone: 1.416.687.5270

Agellan Commercial REIT 
Artis REIT
Chartwell Retirement Residences
Cominar REIT
InterRent REIT
Mainstreet Equity Corp.
Mainstreet Health Investments Inc. 
Melcor REIT
Northview Apartment REIT
Plaza Retail REIT 
PRO Real Estate Investment 
Pure Multi-Family REIT LP

Ryan Meliker

Managing Director, Senior Analyst, Canaccord Genuity Inc. (US)

Ryan Meliker is a managing director and senior REIT analyst with a specific focus on Lodging, Multifamily, Student Housing and Prison property types.  He has over 10 years’ experience in REIT equity research at MLV & Co. and Morgan Stanley.  Prior to joining Canaccord Genuity, Mr. Meliker launched the REIT research platform at MLV & Co., spent a year as the firm’s director of research and chaired the firm’s Product Management Committee.    Prior to joining MLV, Mr. Meliker was the lead lodging REIT analyst with Morgan Stanley. In five years with Morgan Stanley, he worked on teams that covered all property sectors within the property REIT industry. In addition to experience on Wall Street, Mr. Meliker spent several years with PricewaterhouseCoopers Hospitality Consulting practice where he focused on real estate transaction advisory work primarily in the lodging industry. He also spent two years with HVS International as a hotel appraiser and has five years of hospitality operations experience. Mr. Meliker received a B.S. degree from Colgate University and an M.B.A. from Michigan State University with a dual concentration of finance and hospitality business.  He serves on the alumni advisory council to The School of Hospitality Business at Michigan State University, is a regular guest lecturer at New York University’s Tisch Center for Hospitality Tourism and Sports Management and  was the emerging alumnus of the year 2010 of The School of Hospitality Business at MSU. Mr. Meliker is quoted regularly in the Wall Street Journal, New York Times, SNL Financial Press, REIT magazine and others.  He has also appeared on CNBC, Bloomberg News and BNN discussing industry trends and stocks under coverage. Phone: 212-389-8094

Apple Hospitality REIT
American Campus Communities 

Ashford Hospitality Prime 
Ashford Hospitality Trust 
DiamondRock Hospitality Company
Education Realty Trust
Hersha Hospitality Trust
Hospitality Properties Trust
Host Hotels and Resorts
LaSalle Hotel Properties
Marriot International
Park Hotels & Resorts 
RLJ Lodging Trust
Summit Hotel Properties
Sunstone Hotel Investors  

Paul Morgan

Managing Director and Senior Research Analyst, Canaccord Genuity Inc. (US)

Paul Morgan, Managing Director and Senior Research Analyst, brings more than 15 years of sell-side experience to Canaccord Genuity, most recently as co-head of REIT research, and previously as a senior REIT analyst at Morgan Stanley, where he was Head of US REIT research for five years and coordinated the firm’s global property research product. Mr. Morgan has also served as group head of REIT research at FBR Capital Markets, and as a senior analyst on the #1-ranked II REIT team at Salomon Smith Barney and Paine Webber. Mr. Morgan currently serves on the Real Estate Investment Advisory Council for NAREIT and the ICSC’s North American Research Task Force, and began his career in the research department at the Board of Governors at the Federal Reserve System. Mr. Morgan earned an MA in Economics from Princeton University, where he was a National Science Foundation and Mellon Foundation Fellow. Phone: 415-229-7181 Email:

American Assets Trust  
CareTrust REIT 
CoreSite Realty 
DDR Corp. 
Digital Realty Trust 

Federal Realty Investment Trust 
Kimco Realty 
LTC Properties 
The Macerich Company 
New Senior Investment Group 
Physicians Realty Trust 
QTS Realty Trust 
Retail Opportunity Investments 
Sabra Health Care 
Simon Property Group  

Mark Rothschild

Managing Director, Canaccord Genuity Corp. (Canada)

Mark Rothschild is a Managing Director, Real Estate Analyst with Canaccord Genuity. Previously, Mark served in the same capacity at Genuity Capital Markets. His prior experience includes being part of the Real Estate & Lodging investment banking team at Salomon Smith Barney, and performing credit analysis on U.S. REITs at Moody's Investors Service in New York. Mark was ranked the #1 earnings estimator for real estate by Starmine in the 2010 survey. He received an MBA from the University of Baltimore. Email:; Phone: 1.416.869.7280

Allied Properties REIT
American Hotel Income Properties REIT
Automotive Properties REIT 
Boardwalk REIT
Brookfield Asset Management Inc.
Brookfield Property Partners L.P.
Canadian Apartment Properties REIT
Crombie REIT
DREAM Unlimited Corp.
Dream Global REIT
Dream Industrial REIT 
Dream Office REIT
First Capital Realty Inc.
Gazit Globe Ltd. 
Granite REIT
Killam Properties Inc.
NorthWest Healthcare Properties REIT
Pure Industrial REIT
Slate Office REIT  
Tricon Capital Group Inc.  

Chris Spearing

British Land
Capital & Counties
Derwent London
Great Portland Estates
Harworth Group 
Land Securities
LondonMetric Property
Market Tech
Pacific Industrial & Logistics REIT 
Sirius Real Estate

Michael Kodesch

Michael Kodesch is a vice president and REIT analyst with a specific focus on Multifamily and Specialty property types.  Prior to joining Canaccord Genuity, Michael worked at MLV & Co. helping build out the Lodging, Multifamily, Student Housing, and Prison coverage universe.  Before that, Michael worked as a financial analyst at M&T Bank within an FP&A capacity, delivering forecasting, budgeting, and peer benchmarking studies under the CFO.  Mr. Kodesch received his B.A. degree from Colgate University with a major in mathematical economics and a minor in computer science. 

Apartment Investment and Management Co.
Ashford Inc.
CoreCivic, Inc. 
Essex Property Trust 
Geo Group 
Monogram Residential Trust
NexPoint Residential Trust
Preferred Apartment Communities
The RMR Group