LOS ANGELES-Experts on the local, regional and national apartment markets will zero in on the industry’s outlook and offer their assessments of the current challenges as well as market opportunities in an all-day conference and networking event on Thursday, Oct. 21 at Apartments 2010, an annual event in the RealShare series. The annual gathering of apartment investors, owners, brokers, lenders and others involved in the multifamily market is scheduled for 8 a.m. to 5 p.m. at the Westin Bonaventure Hotel Hotel at 404 S. Figueroa St. in Downtown Los Angeles.
According to Daniel Ceniceros, vice president of strategic development for ALM’s Real Estate Media Group RealShare Conferences, the event attendance grows each year, with an expected 1200 to 1500 industry leaders already anticipated to attend. “Our growth is attributed to the fact that we are in a market where transactions are scare and the multifamily industry has weather the storm,” he says. “In real estate, multifamily is the only asset class that has continued to have lending capital. Now the banks, life companies and other financial sources have joined the GSEs to make the apartment lending world competitive.”
What will bring the buyers back, how financing will change and what areas of the nation are poised to recover quicker than others are all issues on the agenda for the full day event. “With the wide spectrum of attendees, Apartments 2010 is a solution-based conference for the investor, developer and owners at all levels,” says Ceniceros. “Our attendees span from the 20-unit apartment owner and operator to the 20,000-unit apartment owner and operator. There is valuable content here for everyone.”
This year, the RealShare Conference group has partnered with the National Multi-Housing Council, the National Apartment Association and the California Apartment Association. Collectively, to help bring both national and local insight regarding the industry to the 10 panel session event that will also feature special presentations.
The event will kick off with a keynote address, which will provide an apartment market update. Next up will be the first panel of the day: “A Bird’s Eye View—Is Multifamily Tenancy Out of the Woods?” followed by an investment panel, a few networking breaks, a financing panel, and concurrent sessions, which will address property management and the world of distress.
Following a networking lunch, a panel of industry leaders will address the audience with their perspective on the market, then after the third networking break of the day, another expert panel will present: “In the Brokerage Trenches—the In’s and Out’s of Getting Deals Done.” Next up will be the last panel of the day: “Breaking Ground—Where the Action is.” Following the last panel will be a cocktail reception and an opportunity for additional networking.
“The apartment market has always maintained its status as one of the top investment opportunities in the industry. Over the past few years, we have seen cap rates change and rents lower, which would lead one to believe that investment sales velocity would continue to slow,” says Ceniceros. “But as we know, good product is scarce so we never really saw the complete halt that we saw in other product types.”
The list of featured panelists continues to grow. Some of the already confirmed speakers include: Tom Bannon of California Apartment Association; Michelle Betchner of Alliance Residential Co.; Doug Bibby of the National Multi Housing Council; Jess Bressi of Luce Forward; Jeff Burns of Walker & Dunlop; Ric Campo of Camden Property Trust; John Condas of Allen Matkins; Scott Farb of the Reznick Group; Lew Feldman of Goodwin Procter; Gregory Garrabrants of ApartmentBank.com; Rick Graf of Pinnacle Family of Cos.; Robert Hart of KW Multifamily Management Group, Kennedy Wilson; Guy Johnson of Prudential Johnson Apartment Capital Express; Jay Leupp of Grubb & Ellis—Alesco Global Advisors; Laurie Lustig-Bowerm of CB Richard Ellis; Hessam Nadji of Marcus & Millichap; Marc Renard of Cushman & Wakefield; Hal Rose of Greystone; Michael Rovner of Rovner Construction Co.; Chad Sanderson of the Bascom Group; Greg Willett of MPF Research; and David Young of Jones Lang LaSalle.
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