8:00 AM
Peer-to-Peer Roundtable Discussion: Breakfast for Builders
8:55 AM
Opening Remarks
Speaker:
David H. Luther, First Vice President and Regional Manager-Houston, Marcus & Millichap
9:00 AM
Market Presentation – John Sebree, FVP & National Director, Multifamily, Marcus & Millichap
Learn how the Houston multifamily market compares to other key markets across the country. John Sebree, National Director of Marcus & Millichap’s National Multi Housing Group, presents the latest data on apartment property construction, demand, supply, pricing and more.
Speaker:
John Sebree, FVP & National Director, Multifamily, Marcus & Millichap
9:25 AM – 9:55 AM
Morning Keynote Fireside Chat
Dr. Stephen Klineberg, Professor of Sociology, Founding Director, Kinder Institute for Urban Research
10:15 AM
Barriers to Entry: Dawn of a New Day – Houston’s State of the Market & Development Outlook
Houston is recovering post-hurricane and entering a period of growth, unexpected after years of energy sector troubles. Multifamily investors and developers on the local, national, and international level have their eyes on Houston, a market that looks to be very strong relative to other markets around the country. How long will the new surge in opportunity hold up?
- Compare and contrast: Downtown, Midtown, Pasadena, Inner Loop, Galleria, Midtown, Montrose/River Oaks, Medical Center, Katy, The Woodlands, Sugar Land, etc.
- Post-disaster redevelopment opportunities: what to look for in distressed situations
- Strategies for coping with rising construction costs and labor issues
- Houston’s upcoming infrastructure overhaul and new floodplain regulations
- Who is active and where they see future opportunities in Greater Houston
Moderator:
Jennifer Campbell, Associate Director, IPA
Speakers:
Ryan McCord, President, McCord Development
Jackie Rhone, Global Executive Director, Greystar Real Estate Partners
Ricardo Rivas, Principal & CIO, Allied Orion
Lee Zieben, President, The Zieben Group
James D. Hill, Principal, House + Partners
11:25 AM – Track A
The World is Your Oyster: Re-Evaluation of Multifamily Investment & Financing Options
It’s a new era in multifamily investment and financing. So-called “gateway” cities are seeing a decline in investor interest as cap rates decline to historic lows. Investors that would not have been interested in Houston previously, are now taking notice, creating increased competition for deals. Meanwhile, changes to underwriting standards, perceived increase in risk and tax reform are creating new challenges. How are all of these changes ultimately affecting the ability to raise debt and equity capital for acquisitions or refinancing?
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- Recent changes in the mix of active capital sources: who’s in, who’s out
- What you need to know about who’s lending and on what terms
- How changes at Fannie Mae are reverberating through the capital markets
- In what ways is tax reform changing investment and financing decisions
- Benefits and costs of lending your capital instead of deploying it as equity
Moderator:
Chad Collins, Director, Marcus & Millichap
Speakers:
John Isakson, Chief Capital Officer, Preferred Apartment Communities
Chris Potavin, SVP-Acquisitions, LEM Capital
Geoffrey Simpson, Principal & CFO, Kaplan Management
David Steinbach, Sr. Managing Director & CIO, Hines
Jay Porterfield, Principal, PGIM Real Estate Finance
11:25 AM – Track B
New Lease on Life: Property Management Strategies, Innovation & Technology
As the overall pace of investment and development in apartments declines, an increasing emphasis on generating value through operational efficiencies and new revenue sources become more important. A flurry of new products and services has come onto the market in recent years, but which kinds of amenities, services and technology make the most sense, especially for those older properties with limited common areas to work with?
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- Changes you need to make in light of increased risk of severe weather events
- Design features and amenities that work for B and C class properties
- What works best when deploying shared work spaces in multifamily properties
- What to know about internet based technology services for residents and managers
- Best practices on activating your residents sense of community
Moderator:
Joseph Bramante, Chief Executive Officer, TriArc Properties
Speakers:
Gina Erwin, President, GWR Equities
Diane Gilbert-Guthrie, Senior Vice President/Operations, Asset Plus Companies
Manu Gupta, Managing Director, Indus Management Group
Cyrus Claffey, CEO, ButterflyMX
12:15 PM – Track A
Expanding Your Horizons: A Closer Look at Houston’s Diverse Value-add Opportunities
The term “value add” has become overused and abused, now representing everything from a property that simply needs a lick of paint, to highly risky opportunistic re-positionsings of distressed real estate. However, in a post-Hurricane world, greater Houston clearly presents properties that fall squarely in the middle of the concept, requiring significant (not risky) upgrades to bring the units and property up to 2018 standards.
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- Understanding per-unit upgrade costs and best practices
- Weather-related changes to factor into your pro forma budgeting
- Identifying opportunities and evaluating pricing ranges
- Getting the skinny on who you are competing with for opportunities today
- Maximizing upside while future proofing your property
Moderator:
Jeffrey Fript, First Vice President Investments, Marcus & Millichap
Speakers:
Eric Barvin, President, Barvin Group
Steven DeFrancis, CEO, Cortland Partners
Neal Higgins, VP of Acquisitions, KC Ventures
Jay Rippeto, CEO, Juniper Investment Group
12:15 PM – Track B
Paving the Way: A New Era in Construction & Design Solutions
While many cite that Hurricane Harvey overall did not have as bad an impact on the market as anticipated, the effect on construction was great. Due to a severe shortage of materials and laborers driven by competition from the single family sector and an extended boom in development nationwide, construction costs continue to rise precipitously. Further challenges arise as plans are in the works to rebuild Houston’s infrastructure, to better prepare for future storms, while multifamily construction will be subject to new rules.
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- New floodplain elevation requirements and what they means to you
- How to master the competition for and cost challenges of construction labor
- Exploring new design methods and modular construction to reduce time and costs
- What you need to know about new design technology, including VR and AR
- Best practices for construction management in today’s new reality
Moderator:
Ian Douglas, Chief Operating Officer, Allied Orion Group
Speakers:
Todd Johnson, Vice President of Operations, Caldwell Companies
David Rendon, Vice President of Design & Construction, Thor Equities
Steve Hefner, SVP of Construction, Camden Property Trust
Jason Ormsby, President, Stonewall Associates
1:10 PM – Concurrent Session B
Lunch Workshop – New Trump Administration Updates: Federal, State and Local Energy & Specialty Tax Incentives
Presented by:
Mike D’Onofrio, Managing Director, ETS
1:10 PM – Concurrent Session C
Peer-to-Peer Roundtable Discussion: Multifamily Investors Private Lunch
1:45 PM
Special Presentation
Stephen Costello, Chief Resilience Officer, City of Houston
2:15 PM
Afternoon Keynote – Fireside Chat & Audience Q&A
Marvy A. Finger, Chairman & CEO, The Finger Companies
Marcus & Millichap / IPA Multifamily Forum Houston
Tuesday, May 8, 2018
7:45 AM – 3:50 PM
JW Marriott Houston
5150 Westheimer Road
Houston, Texas 77056
