Philadelphia Multifamily Summit



Philadelphia Multifamily Summit
Thursday, February 2, 2017

8:00 AM - 12:00 PM Program
Hilton Philadelphia City Avenue hotel
4200 City Avenue, Philadelphia, Pennsylvania 19131

7:55 AM Welcome & Introduction

8:15 AM 2017 Philadelphia Apartment Market Overview: State of The Industry

Billy Procida, Founder & President, Procida Funding and Advisors
• With vacancies at record lows how does Philadelphia stack up compared to the rest of the U.S.
• Current Stat of the Market:   Vacancy & Absorption Rates
• How demographic shifts are driving demand in Apartments
• What is driving the Apartment Market in the Philadelphia region
• What are the outside influences that are creating momentum in the Apartment Market
• Tenant Expectations: Which types of services are new tenants demanding from owners
• How are apartment brokers getting deals done today
• The changing fundamentals of Apartments
• New Development vs. Existing: Where are the opportunities and why
• Downtown vs. Suburban: Where is the activity and why
• How to operate your Apartment Building for Success

9:00 AM Capital’s Comeback: The Evolution of Apartment Financing
Moderator: Mark Tucker, President, Tucker Development Plus
Bob Cohen, Executive Vice President, The Prestige Group
Neil Stein, Esquire, Kaplin Stewart Meloff Reiter & Stein, P.C.
Lou Tiberio, Director, Greystone & Co., Inc.
• What type of deals are HUD, Fannie & Freddie looking to target today
• How has underwriting changed
• What is the future for the agency lenders
• What is the outlook for 2017 and beyond for lenders, buyers, sellers, developers and investors?
• Who is lending, and what are some alternative sources of capital?
• Which deals are more likely to get done and what are the capital requirements
• What changes should we expect in underwriting criteria and how can we get deals done

9:55 AM Break

10:05 AM What’s the Future of Apartment Investments in Philadelphia

Moderator: Matthew Rosenberg, Director, Marcus & Millichap
Carlo Batts, Principal/Owner, Rittenhouse
Clarke Talone, Director, Marcus & Millichap
Scott Relick, Principal, Korman Communities
• 2016 Investment Sales Recap:  Was it a record year and what will 2017 bring?
• Where are CAP Rates at and where are they headed
• How do you underwrite and evaluating properties in today’s marketplace
• What type of yields should you expect and What are the fundamentals today
• How is today’s economy and the housing market affecting the Apartment Industry
• What type of outside capital is flowing into Philadelphia
• Growing trends and what can we expect in the next 1 to 2 years
• Ideas to help improve your yield and increase the value of your property

11:00 AM Building a Successful Project from Start to Finish

Moderator: Michel Gibeault, Vice President of Business Development, High Construction Company
Tracey Ungaretta, Managing Director, Real Estate Services, GreyStar
David McHenry, Principal, Erdy McHenry Architecture, LLC
Matt Koenig, Principal, Barton Partners
• Game Changing Projects that will change the Look of Philadelphia for the future
• Where is the biggest potential for growth in Philadelphia
• How to turn misfortune into fortune in apartments
• The Importance of Design and how will it attract tenants
• What new projects have been completed recently and what is currently under construction
• Case studies of successful projects that have been developed and built right
• Emerging trends in the Apartment Development & Construction
• The importance of building a strong partnership with a municipality
• Future Prediction on Apartment Development and Construction in Philadelphia

12:00 PM Adjourn & Networking

Philadelphia Multifamily Summit


  • When

  • Thursday, February 2, 2017
    8:00 AM - 12:00 PM
    Eastern Time

  • Where

  • Hilton Philadelphia City Avenue hotel
    4200 City Avenue
    Philadelphia, Pennsylvania 19131

Contact Information

Linda Christman, Publisher/CEO
Mid Atlantic Real Estate Journal

312 Market St
Rockland, MA 02370
fx: 781-871-5299


Jeff Johnson

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