The Marcus & Millichap / IPA Multifamily Forums across the U.S. brings together over 5,000 multifamily owners, investors, managers and developers to create an in-person marketplace for learning, discovery, networking and deal making. The sessions address the major issues affecting the apartment and condo industries today, and the networking allows multi-housing principals to meet, talk and source deals and investment capital.
Over 400 investors, owners, developers came together on April 6th, 2016 at the 3rd Marcus & Millichap / IPA Multifamily Forum: Chicago for a full day of programming along with a networking breakfast, lunch and post conference cocktail reception. Attendees benefitted from the insights, successes and failures of top multifamily developers, investors and owners as they discussed the latest trends, challenges and innovations in the Windy City.
Meet the Keynote Speakers
Meet the Speakers
8:00 AM – Registration, Networking Breakfast & Exhibit Hall Opens
Join us early for the opportunity to enjoy breakfast and network with fellow owners, investors, developers and financiers.
8:40 AM – Multifamily State of the Market: National vs. Midwest Markets
John Chang, FVP – Research Services, Marcus & Millichap
9:05 AM – Morning Energizer: 10 Legal Issues on the Multifamily Radar…In 10 Minutes
Scott Toban, Shareholder, Polsinelli
9:15 AM – Morning Keynote
Alby Gallun, Reporter, Crain’s Chicago Business
Christopher Kennedy, Chairman, Joseph P. Kennedy Enterprises
9:40 AM – General Session
A View from the Top: State of the Market Update from Chicago’s Biggest Deal Makers
As the Chicago multifamily market enters a time of uncertainty, developers are taking stock and looking for how they can still stay ahead. With new development ordinances in place and potential glut of new units coming to market, is it time to start panicking or is there still room to grow? Hear from leading Chicago players about the state of the market and what they see emerging in the near future. Benefit from these leading experts as they shed light on current issues including:
- Supply over construction: What are developers doing to sustain rent growth?
- How will the new TOD and affordable housing rules affect the market?
- Where are developers looking for the next great location?
- Keeping up with the Joneses: How to get your amenities on point?
- Go big or go home: What big projects are coming to market?
Steve Rachman, Regional Manager, Marcus & Millichap, Managing Broker
Steven Fifield, Chairman & CEO, Fifield Realty
Patrick FitzGerald, Managing Principal, FitzGerald Associates Architects
Sonny Ginsberg, Attorney, Ginsberg Jacobs
Kevin Hites, Chief Investment Officer, The John Buck Company
Jim Letchinger, President, JDL Development
Mark Stern, SVP – Multifamily Acquisitions, Waterton
10:30 AM – Networking Break
11:00 AM – Concurrent Track A
When the Money Talks You Should Listen: A Capital & Investment Roundtable
As land prices and the cost of construction increase, what kind of capital is available today? Hear from local players about the kind of equity they’re seeing, the opportunities that capital is most likely to chase and how the capital markets are faring in this uncertain market. Hear insight on:
- What is the state of the equity market in terms of deal size?
- What kind of capital is chasing the most deals and in what submarkets?
- Where are the risk premiums in this market, and at what terms can investors borrow?
- Rates are going up. Now what?
- Where do investors feel the best opportunities still are?
- When do the investors think the market will be oversaturated?
- What does the rise of lending in the equity market mean for you?
Scott Toban, Shareholder, Polsinelli
Jeff Allen, VP – U.S. Commercial Real Estate, BMO Harris Bank
Ann Atkinson, Director – Multifamily, Fannie Mae
Jay Eisner, Partner, LEM Capital
Sarang Peruri, Principal, Oxford Capital Group
Marc Turner, Director of Asset Management, Origin Investments
11:00 AM – Concurrent Track B
Suburban Urbanization: How the Real Estate Market is Redefining the Suburbs
Contrary to popular opinion the suburbs aren’t dead. In fact, most are growing and adapting fast. As Millennials get older, how are developers planning for their eventual return to the “‘burbs”? This panel will address key questions such as:
- How can developers “re-invent” the suburbs?
- Where are the opportunities?
- How important is “walkability” for future projects?
- “Millennial-Proofing”: What are developers doing to retain their prized tenants as they get older?
- When will investors take notice?
John Przybyla, FVP & Regional Manager, Marcus & Millichap, Managing Broker
Tim Anderson, President & CEO, Focus Development
Jeff Benach, Principal, Lexington Homes
Brian Hoffman, Vice Chairman & CFO, Red Seal Homes
Matt Nix, Principal, REVA Development Partners
11:50 AM – Concurrent Track A
The Next Big Thing: Emerging Neighborhoods
Whether it’s the Motor Row, the South Loop, or the Milwaukee Corridor, multifamily investors are increasingly aware of the need to explore opportunities in new submarkets; both geographically and demographically. The key is identifying which markets are just beginning to emerge and represent the greatest upside potential. Hear from those in the trenches about the target markets where they see the greatest opportunities.
- Where is the next “big thing”?
- What will the new TOD rules do to help grow new neighborhoods?
- What makes a neighborhood truly up-and-coming?
- Who are the players and capital sources for these deals?
- How should occupancy rates affect your “DMP”?
Christopher Leonard, Eastern Regional Director – National Multi Housing Group, Marcus & Millichap
John Abell, Managing Partner, Crayton Advisors
Marty Paris, President, Sedgwick Development
Milan Rubenstein, Founder & Partner, Windy City RE
11:50 AM – Concurrent Track B
A Multifamily Alternative: Seniors Housing
As more residents head into retirement, the need for health care services and facilities is likely to grow. Investments in properties like seniors assisted living facilities could thus emerge as an interesting new market sector. This panel, featuring seniors housing investment and development experts will look to answer key segment questions including:
- Where are senior housing investments heading?
- How will an aging U.S. population affect real estate?
- When do investors anticipate higher revenue from senior living apartments?
Joshua Jandris, Senior Director, Institutional Property Advisors
David Block, Director – Development of VeriGreen, Evergreen Real Estate Services
Jerry Finis, CEO, Pathway Senior Living
Philip Kayden, Senior Investment Officer, Ventas
Brian Mutchler, SVP & Co-Head – Asset Management, Harrison Street Real Estate Capital
12:40 PM – Networking Lunch
1:00 – 1:30 PM – Lunch Workshop: Maximize ROI & Increase Cap Rates: Specialty Tax Credits & Energy Incentives
Michael D’Onofrio, Managing Director, Engineered Tax Services
1:40 PM – General Session
3 Persistent Problems Multifamily Owners & Developers Face that Can Be Overcome
- Charles Schoenau, Managing Director, Insurent
1:50 PM – General Session
Ahead of the Curve: A Residential Innovators Power Panel
“Chicago’s Finest” is a term not often used in real estate; however, the city does have its share of outstanding real estate innovators. Whether it is mastering adaptive reuse, discovering the city’s next great neighborhood, or getting the best amenities in place or developing outstanding condos, it takes a special set of skills to lead the pack. This panel will bring together Chicago’s most exciting players to discuss best practices and shed light on what makes them truly “innovators” in their field.
Steven Weinstock, First VP & Regional Manager, Marcus & Millichap, Managing Broker
Randy Fifield, Principal, Fifield Realty
Aaron Galvin, Managing Broker & Owner, Luxury Living Chicago Realty
Alan Lev, President & CEO, Belgravia Group
David Ruttenberg, Principal & Director – Acquisitions & Finance, Marc Realty
2:35 PM – Afternoon Keynote
Jerry Karlik, Founder & Partner, JK Equities
Francis Greenburger, Chairman & CEO, Time Equities
3:00 PM – Refreshments & Networking
Stick around to enjoy the post-event cocktail reception while mingling with the area’s most successful real estate principals.
Marcus & Millichap / IPA Multifamily Forum: Chicago
Wednesday, April 6, 2016
8 AM – 4 PM
The Mid-America Club
200 East Randolph Drive, 80th Floor
Chicago, IL 60601
We have a reserved a discounted block of rooms at the Hyatt Regency Chicago (151 East Wacker Drive, Chicago, IL 60601). The rate is $219 per night + tax and is available until March 15, 2016. Please click here to make your reservation.
List of Attending Companies:
- Adams LaSalle Realty
- Alliant Credit Union
- Appraisal Research Counselors
- APT PM Consulting
- Ashford Properties
- AT&T Connected Communities
- Bank Leumi USA
- Belgravia Group
- bKL Architecture
- BKV Group
- Black Cap Halcyon
- Bluewater Group
- BMO Harris Bank
- Booth Hansen Architects
- Bright Power
- BSB Design
- Cedar Street
- CheckMate Realty & Development
- Chicago Association of Realtors
- Chicago Title Insurance Company
- Clarion Partners
- Clark Hill
- Cortland Capital Market Services
- CoStar Group
- Crayton Advisors
- CSSI Inc.
- David Peterson
- David Mason & Associates
- Detancourt Realty
- D&D Realty
- Division Street Capital
- Dorothy Klees
- Dougherty Mortgage
- Draper and Kramer, Inc.
- Eleni Interiors
- Engineered Tax Services
- Eriksson Engineering Associates
- Evergreen Real Estate Services
- Everywhere Wireless
- Fannie Mae
- Fields Loss Consultants
- Fifield Realty
- Fifth Third Bank
- First American Title
- First Capital Advisors
- First international investment & Trade
- First Merit Bank
- First Midwest Bank
- FitzGerald Associates Architects
- Focus Development
- Foresite Realty Partners
- Franklin Energy
- Freddie Mac
- Freeborn & Peters
- Free Market Ventures
- Gershman Mortgage
- Ginsberg Jacobs
- GL Housing Group
- Greater Illinois Title
- Green Avenue Properties
- Green Courte Partners
- GRS Group
- Harrison Street Real Estate Capital
- Heritage Senior Living
- Herman & Kittle Properties, Inc.
- Highgate Capital Group
- Hispanic Housing Development Corp.
- Holladay Properties
- Housing Action Illinois
- HUB International
- Humphreys & Partners Architects
- Hunt Mortgage Group
- Hunter Lafayette Properties
- Infinity Urban Center
- Inland Real Estate Group
- Investor Management Services
- JAB Real Estate
- JDL Development
- Joseph P. Kennedy Enterprises
- La Unica Capital Investments
- LEM Capital
- Lexington Homes
- Lockwood Companies
- LT Group
- Luxury Living Chicago Realty
- Malone Development
- Manhard Consulting
- Mannington Commercial
- Marc Realty
- MB Financial Bank
- Midland States Bank
- Miller Canfield
- MJ Partners
- MLG Capital
- Moen Incorporated
- Mortenson Construction
- MSK Property Holdings
- Much Shelist
- National Securities Corporation
- Northmarq Capital
- Old Republic National Title Insurance
- Origin Capital Partners
- Oxford Capital Group
- Perimeter Architects
- Pillar Finance
- Pioneer Acquisitions
- Power Construction
- Prudential Mortgage Capital Company
- Realty & Mortgage Co.
- Red Seal Homes
- Red Stone Equity Partners
- Redevelopment Services
- REVA Development Partners
- RMK Management Corporation
- ROC Realty Group
- RSM US
- Sedgwick Development
- Schoeck USA
- Sherpa Capital Group
- Simpson Gumpertz & Heger
- Singerman Real Estate
- Solomon Cordwell Buenz
- Sterling Bay
- Taylor Johnson Public Relations
- The Bluewater Companies
- The BSC Group
- The Habitat Company
- The John Buck Company
- The News Funnel
- The Private Bank
- The Walsh Group
- Time Equities
- Tria Adelfi
- Triumph Community Bank
- Turtle Properties
- TVO Groupe
- USAA Real Estate Company
- U.S. Trust
- ValleyCrest Design Group
- Villa Capital
- Walker & Dunlop
- Walsh Construction
- Watchtower Security
- Waterton Residential
- Windy City RE
- Winnemac Properties
- Wirtz Realty
- Wood Partners
- XFINITY Communities
- Zidan Management Group
- JVM Realty
- Krusinski Construction Company
- KTGY Architecture + Palnning
Founded in 1971, Marcus & Millichap (NYSE:MMI) is a leading commercial real estate brokerage firm focusing exclusively on investment sales, financing, research, and advisory services, with more than 1,600 investment professionals in offices throughout the United States and Canada. The firm has perfected a powerful property marketing system that integrates broker specialization by property type and market area; comprehensive investment research; a long-standing culture of information sharing; relationships with the largest pool of qualified investors; and state-of-the-art technology matching buyers and sellers. In 2015, the firm closed 8,715 transactions with a sales volume of approximately $37.8 billion.
Institutional Property Advisors (IPA) is a unique platform created to support the needs of institutional and sophisticated private investors. IPA is centered around a select national network of institutionally qualified brokerage professionals and supported by a robust technology platform and highly regarded research. IPA’s unique combination of real estate investment expertise, industry-leading technology, superior support services and acclaimed research will offer customized solutions for the acquisition and disposition of institutional multifamily properties and portfolios.
Headquartered in Chicago, Alliant is among the 10 largest credit unions in the United States. Since our founding in 1935, we’ve grown to serve nearly 300,000 members nationwide and manage over $8.6 billion in assets. We pride ourselves on great rates and frequently earn awards for our high savings/checking rates and low loan rates.
Alliant’s commercial lending team originates multifamily loans from $1 million to over $20 million anywhere in the U.S., with LTV’s up to 80% and amortization up to 30 years. For more details on our program, please contact Stratos Athanassiades at (773) 462-8651 or sathan@alliantcreditunion.
Real estate firms like yours need a banking partner with extensive products and services, a strong capital base, and the ability to fund their needs through economic cycles. Our dedicated team of real estate experts is your trusted adviser, helping developers, REITs, private equity funds and institutionally sponsored firms achieve their goals. To learn more about how we can help, visit bmoharris.com/realestate. Banking products and services are provided by BMO Harris Bank and are subject to bank and credit approval. BMO Harris Bank® is a trade name used by BMO Harris Bank N.A. Member FDIC.
Cost Segregation Services, Inc. (CSSI®) is the premier national company providing quality, affordable, IRS defined engineering-based cost segregation and tax analysis studies for businesses for over 14 years. CSSI® offers a wide range of tax analysis services for the 2014 Repair Regulations to include Partial Disposition studies, capital vs. expense analysis, building systems definition, and capital to expense reversal analysis. Also, CSSI® provides LED retro fit analysis, 179D EPAct, 45L credits, Energy Audits, and R&D tax credit studies. Our team of experts can help easily apply the results of these studies to your current financials with your tax professional to assure successful results. Currently CSSI® has successfully completed over 15,000 studies nationally, and has completed studies of properties ranging from $150,000 to $750 million in cost. Let CSSI® provide a no cost preview for your company. Contact Mark Gross at 630-329-9801, email@example.com, www.cssistudy.com
Engineered Tax Services (ETS) is a nationally licensed engineering firm with extensive experience in engineering-based specialty tax services yielding substantial tax incentives for companies of all sizes. ETS is one of the only qualified engineering firms with its own Professional Engineers, LEED Accredited Professionals, Certified Public Accountants, and Licensed Contractors on staff. ETS provides a full range of specialty tax incentives for real estate professionals including Cost Segregation, 263(a) Repairs vs. Capitalization, Disposition Studies, 179D EPAct, 45L, Utility Rebates and Refunds, Energy Audits, Modeling, and LEED Certifications. ETS averages over $44 million per month in refunds for clients, equating to hundreds of studies nationally. ETS is committed to providing the highest level of service and attention to detail in order to realize maximum benefits and ensure compliance of IRS guidelines. For more information, please contact us Engineered Tax Services at 800-236-6519 or visit www.engineeredtaxservices.com.
Everywhere Wireless owns and manages a Chicago-based Gigabit Internet Network, becoming developers’ first choice for Internet and TV solutions at their properties. EW’s network offers a 99.9% guaranteed uptime with speeds of more than 1,000 Megabits per second, also known as Gigabit speeds. Everywhere Wireless is the same company who partnered with the City of Chicago to deliver Wi-Fi to many of Chicago’s beaches and parks, and most recently, set a Chicago record for the fastest Internet in all of Chicago, as reported by Crain’s Chicago Business. EW’s commercial client base includes CBS, Cisco, Nike and Google, while its real estate developer client list covers Golub, CA Ventures, Centrum, Smithfield, Akara, Focus Development and many more. More information about Everywhere Wireless can be found at www.EverywhereWireless.com or by calling (866) 923-0982.
FitzGerald Associates Architects is an award-winning architecture and design firm specializing in new and rehabilitated residential, commercial and office space. Founded in 1919 as Rissman & Hirshfield, Chicago-based FitzGerald Associates Architects currently employs more than 40 architects, designers and planners with expertise in adaptive reuse, architectural design, interior design, building conditions, building information modeling, development advisory, site planning and design, and sustainable design. With a long history in multifamily development advisory and design, FitzGerald’s portfolio comprises a wide variety of residential projects including master-planned communities and low-, mid-, and high-rise residential buildings, along with commercial and industrial facilities; banks; restaurants; retail spaces and more than one hundred conversions. Widely known for its historic renovation and adaptive-reuse work, FitzGerald continues to be one of the most active architecture and design firms in the Midwest almost 100 years after its doors opened.
Ginsberg Jacobs LLC provides business-oriented legal solutions to public and private entities in the areas of corporate, finance, litigation, real estate, trusts and estates, tax and tax credits. Our innovative business model departs from the “large firm” approach. We deliver client focused legal services that are both efficient and of the highest quality.
GRS Group is a global affiliation of commercial real estate services firms with over 600 professionals on 3 continents. GRS Group provides local market knowledge with global perspective for institutional real estate investors, occupiers and lenders worldwide. Through the company’s proprietary management process, Global Services ConnectionTM, GRS Group delivers an integrated suite of services including Environmental Assessments, Property Condition Reports, Transaction Management, and Financial Advisory. For more information, call 877-477-2731 or visit www.grs-global.com
A critical factor in any real-estate transaction is the creation of trust. We understand the importance of that element. In fact, we’ve built our company upon it, from our processes to our people.
Insurent Agency Corporation is a closely held company based in New York City. The Insurent® Lease Rental Bond Policy and The Insurent® Lease Residual Value Policy are underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company licensed in New York and other states. Argonaut Insurance Company is rated A (Excellent) by A.M. Best, and is located at 225 West Washington, 6th Floor, Chicago, IL 60606. Insurent Agency Corporation is the exclusive licensed general agent of Argonaut Insurance Company (a subsidiary of Argo Group US.., NASDAQ Ticker Symbol: AGII ) for the Insurent® Lease Guaranty Program.
Shareholders of Insurent Agency’s parent company include institutional investors in the real estate, private equity and insurance fields, and its management team includes individuals experienced in insurance, real estate, credit and corporate finance. The company’s senior insurance professionals include individuals who were founders and senior officers of Enhance Financial Services Group, Inc., an NYSE-listed U.S. financial guaranty insurance company that was acquired by Radian Group, Inc. in 2001.
For years, commercial real estate owners have been looking for a better way to attract, engage and manage their investors — the search is over. Investor Management Services brings investor management and communications into the 21st century. We have united the expertise of seasoned real estate professionals with advanced technology to deliver the modern experience your investors expect.
Luxury Living Chicago stands apart from the competition through our unparalleled dedication and service to clients. Agents work one-on-one with clients, in order to find an apartment that fits all of their specific criteria. From the first phone call or email to the day a client moves in to their new home, Luxury Living Chicago ensures a smooth, stress-free process. When touring apartments, Luxury Living Chicago will coordinate a convenient meeting place downtown for an agent to pick up clients and will then drive them from stop to stop. Agents share insights gained from years of experience in Chicago’s real estate market and not only truly listen to clients’ feedback, but also take that feedback into consideration to guarantee the tour is as efficient as possible.
Parksite is a sales, marketing, and distribution company serving many segments of the building industry, with a focus on both interior and exterior products. We are proud to supply the best Fabricators and Building Material dealers with category leading products for the residential, commercial, and remodeling markets. Parksite is a resource for the trades with a Specialist Network that provides consultative services and support for Builders, Architects, Designers, Remodelers, General Contractors, and Deck Builders. We continue to research emerging products in existing categories and are actively looking for products to fit new categories that will inevitably evolve as the building industry changes. To learn more about us please explore our website. Be sure to view the variety of products we offer in our product showroom and the services we provide to various segments within our industry.
Polsinelli is an Am Law 100 firm with more than 775 attorneys in 19 offices, serving corporations, institutions, entrepreneurs and individuals nationally. Ranked in the top five percent of law firms for client service*, the firm has risen more than 100 spots in Am Law’s annual firm ranking over the past six years. Polsinelli attorneys provide practical legal counsel infused with business insight, and focus on health care and life sciences, financial services, real estate, technology and biotech, mid-market corporate, and business litigation. Polsinelli attorneys have depth of experience in 100 service areas and 70 industries.
The BuiltWorlds is a broad-based collaborative network fostering a smarter built environment and a better approach to creating and maintaining it.
Through our written content, newsletter, community resource guide, events both large and small —local and national— and other interdisciplinary and educational initiatives, our mission is to push our $5-trillion industry forward.
We do this by stimulating dialogue, facilitating connections, reaching out to future generations, and promoting a deeper understanding of the new and emerging tech applications and possibilities that empower us all.
We create and curate the experience by actively gathering information from our community about their interests. Then we seek out thought-leading individuals and organizations to partner with us to deliver stimulating and valuable content, creating connections across borders and disciplines that might not otherwise happen. Our overriding mission is to be a true catalyst for positive change in one of the most important and dynamic areas of our economy. Together, we put forth and share fresh ideas to address directly the multiplying challenges of our evolving built environment.
KossREsource.com provides networking tools, a commercial real estate financing search engine, free CRE property listing service and a comprehensive CRE events calendar. Unlike other online communities, Koss REsource is only for CRE people.
Founded in 2011, The News Funnel has become the largest real estate news aggregator and content platform in the industry. For real estate professionals, The News Funnel saves time by eliminating the need to search for relevant news. We gather trade news and information from thousands of trusted media sources and real estate companies and distribute it to professionals in a free customized news feed.