The Marcus & Millichap / IPA Multifamily Forum: Pacific Northwest hosts between 300 and 450 of the Northwest’s most relevant multifamily developers, investors, owners and operators to discuss current market trends and provide the most up-to-date analysis. With some of the strongest job growth in the country, Seattle has been a hotbed for new development and real estate sector growth.
The Marcus & Millichap / IPA Multifamily Forums across the U.S. bring together over 6,000 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 markets today, and the networking allows multi-housing principals to meet, talk and source deals and investment capital.
This September the most active and influential multifamily real estate leaders from across the Pacific Northwest will gather for a one-day senior-level event focused on addressing regional challenges, identifying creative solutions and discovering new opportunities across apartments, condos and mixed-use properties.
Key issues include: the future demand for rentals, urban and suburban investment opportunities, best practices for deploying and raising capital and how to optimize property operations.
The fifth annual Marcus & Millichap / IPA Multifamily Forum: Seattle was a great success! Over 475 multifamily developers, investors and owners attended on September 28.
Check out the recap from the event and see more pictures here.
Speakers at the Marcus & Millichap/IPA Multifamily Forums are typically senior executives and company leaders who own, invest, and develop large portfolios of multifamily properties, as well as a curated selection of industry leaders from organizations that impact real estate today.
President & CEO
Marcus & Millichap
Stream Real Estate LLC
Nancy Bainbridge Rogers
Cairncross & Hempelmann
Spectrum Development Solutions
Chairman & CEO
Kemper Development Company
Principal & Managing Partner
Pine Street Group
Continental Properties LLC
Head of Real Estate
Wright Runstad & Co.
Head of Economic Development
City of Seattle
Trinity Real Estate
Thayer Manca Residential LLC
Sr. Director, Acquisitions
Vulcan Real Estate
Senior Managing Director Pacific Northwest and the Midwest
Vice President Development West
Fore Property Company
Divisional President, Pacific NW
Managing Principal-Real Estate
President & CEO
Pine Forest Companies
Vice President/Regional Manager, National Director – NSSG
Marcus & Millichap
Engineered Tax Services Inc.
Marcus & Millichap Capital Corp.
First Vice President/National Director – NMHG
Marcus & Millichap
Monday, September 24, 2018
VIP Welcome Reception
Private Dinners & One-on-One Meetings (requires app)
Tuesday, September 25, 2018
Breakfast & Registration
Welcome & Opening Remarks
Multifamily State of the Market: Nation vs. Pacific Northwest
Learn how the Pacific Northwest multifamily markets compare to other key markets across the country. Get the latest data on apartment property construction, demand, supply, pricing and more.
Playing Strong: Today’s Multifamily Investment and Development Activity
While some markets across the country are softening, the greater Seattle and Portland markets continue to show strong development pipelines, despite near term concerns. Although regional job growth remains robust, Amazon’s pursuit of HQ2 has many pressing pause on their investment activity. Temporary oversupply is putting downward pressure on rents and driving increased concessions, while long term forecasts are all very positive. Add to the mix political headwinds in areas of taxation, tariffs, homelessness initiatives and affordable housing mandates from local, state and federal governments, and the outlook for owners, investors and developers becomes decidedly uncertain. In light of these countervailing forces, is now a good time to double down on the multifamily market, hold steady or exit?
Creative Deal Making: Deploying / Raising Capital and Borrowing Funds Today
With the current uncertainty in the market and the second interest rate hike of the year, many equity investors are waiting for the other shoe to drop before re-entering the market. Meanwhile, lenders remain highly risk averse, scrutinizing deals more closely and offering more conservative terms. Combined with rents moving sideways or down, there are mounting concerns about not just acquisition financing but also the specter of refinancing in the face of increased interest rates. As interest rates climb, will caprates climb as well, or will returns continue to be squeezed? How can equity investors and deal sponsors make the capital work for them in these challenging times?
Rehab or Ground Up: Investment & Development Opportunities Beyond the Urban Core
With sustained high rent prices in the urban core, there’s a sounds business model in developing / redeveloping in areas outside the core. While residents continue to look for a strong quality of living which may mean lots of shiny amenities, there’s also an appreciation for character which may present value in existing buildings. What risks are involved when moving farther afield for new opportunities? Where do opportunities exist and what strategies does one need to employ to make the numbers pencil out?
PropTech: Revenue Boosting and Cost Saving Innovations for Multifamily Operators
Property management is constantly changing as operators invest more into technology to keep pace and gain competitive advantage versus competitors. You can’t throw spaghetti to this wall to see what sticks. How can you make the right technology and upgrade investments to boost revenue, increase occupancy and decrease costs, while improving the tenant experience and thus retention.
New Trump Administration Updates: Federal, State and Local Energy & Specialty Tax Incentives
The presentation is designed to provide New Trump Administration Updates to Federal, State and Local Energy & Specialty Tax Incentives and provide clarity to the design, qualification and certification process to maximize results and cost savings on Purchases, Renovations, Improvements and New Construction projects. During this presentation, you will be able to understand how to capture and best utilize Cost Segregation, Energy Tax Credits (like 179D for commercial buildings and 45L tax credits for residential and multi-family projects) on a local and national scale.
Closing Remarks & Cocktail Reception
Space is limited, contact us to see if you qualify.
9:45 AM – 11:15 AM
A Closed-Door Roundtable for Operational Leaders*
This closed-door session brings together Pacific Northwest’s operators and asset managers to discuss shared challenges in multifamily management today, with the goal of exploring ideas and solutions to those challenges.
11:45 AM – 1:15 PM
A Ground-Up Developers Closed-Door Roundtable*
This closed-door session brings together active multifamily developers focused on ground-up development, with the goal of exploring ideas and solutions to today’s most pressing challenges.
Participants thus far include:
*These curated sessions are comprised of select leaders who share the same challenges. Sessions are limited to a maximum of 30 participants and are completely off-the-record with no media or audience. The goal is to share challenges and solutions together to advance the industry. Chaired by an industry veteran, each session will be tasked with addressing a short list of specific challenges. Please contact Scott Milliken at firstname.lastname@example.org for further information.
Sponsors of the Marcus & Millichap / IPA Multifamily Forum: Seattle are typically industry vendors and service providers looking to secure new business from medium to large sized multifamily and/or office portfolio operators.
“The quality of the speakers and presentations was top notch, especially the keynote speakers. The economic updates and insights from lenders and operators were hugely helpful.”
“The panelists were a diverse group of industry leaders. The economic outlook provided good investment context. Very well organized!”
“Please send me a calendar of events, I want my team at every single one.”