The Eleventh Annual
Multifamily Trends Conference
Moscone Center, San Francisco
Housing analysts rarely agree, but on this topic they’re united: The multifamily market is poised to have one of its best years in history. The combination of a struggling single-family market, tightening of mortgage lending standards, a shortage of apartment supply, and promising renter demographics have set the table for surging rents and demand. Join over 300 industry leaders – builders developers, property owners, investors and analysts - as we examine the opportunities and challenges facing for-rent and for-sale multifamily housing.
2011 Forum Agenda
8:30am-8:45am
Chairman's Opening Remarks
Constance B. Moore, President & CEO, BRE Properties
8:45am-9:30am
Economic, Apartment Supply/Demand Outlook
The economic recovery lacks strength and momentum and possesses many headwinds. But job growth is expected to improve and shore up rental demand. The rental market has benefited from falling home ownership and the release of pent-up demand, but can this last without much stronger job growth? What could interrupt or dampen the outlook for multifamily? What's in store for the second half of 2011? How should investors and developers play the economic recovery cycle?
Moderator: Constance B. Moore, President and CEO, BRE Properties
Mark Obrinsky, Vice President, National Multi Housing Council
Kenneth T. Rosen, Chairman, Rosen Consulting
9:30am–10:15am
Capital Markets and Apartment Financing
How will the Fed balance the fight between inflation and the pace of economic recovery? More capital sources are entering the multifamily market but agency lenders still play a leading role as the source of debt capital. The controversy regarding the proposed changes to Fannie and Freddie continues to heat up with much uncertainty regarding the final outcome. Will agency lenders’ multifamily segment remain a viable source of financing or will life insurance companies, commercial banks and commercial mortgage backed securities (CMBS) set up to dominate multifamily financing?
Moderator: Michael Desiato, Vice President & Group Publisher, ALM
Sharon Dworkin Bell, Senior Vice President, National Association of Home Builders
Marshall De Wolfe, Director Loan Production, Intervest
Paul O. Lewis, Vice President, Fannie Mae
10:15am–10:30am - Break
10:30am–11:30am
Apartment Investment Outlook: What to Buy and Where to Buy?
Prices for multifamily properties have been the first recover but the Class A segment has captured the lion's share of buyer demand. Will Class A prices keep rising? Will buyers pay up for Class B and B minus assets in search of yield? Is it time to get aggressive on value-add investments? Will rising interest rates become a bigger concern this year? A panel of experts will address these and many other key questions and strategies.
Moderator: Hessam Nadji, Managing Director, Marcus & Millichap
Sean Burton, CEO, CityView
Stanford W. Jones, Executive VP Investments, Institutional Property Advisors
Michael J. Schall, Chief Executive Officer, Essex Property Trust
Geoffrey Stack, Managing Director and Principal, Sares-Regis Group
Steve Steppe, Executive Managing Director, Stockbridge Real Estate
11:30am – 12:00pm
Governor's Keynote Address
Edmund G. Brown, Jr., Governor of California
12:15pm–1:15pm
Lunch break with time to visit the exhibit floor
1:20pm – 1:30pm
California Advanced Homes
TBD
1:30pm–2:30pm
What to Develop and Where to Develop
Get best practices from the region’s leading developers and practitioners with projects ranging from urban infill/mixed-use, to adaptive reuse/rehab, to new town, mixed-use villages and master plans. We’ll cover landmark developments like L.A. Live and you’ll hear first-hand how they addressed product mix, mixed-use and location to create sustainable communities that improve quality of life and create revitalized housing solutions for the next generation.
Moderator: Dean Henry, CEO, Legacy Partners Residential
Mark Humphreys, CEO, Humphreys & Partners Architects
Alfred Pace, President and CEO, Pacific Urban Residential
Nancy Scull, Partner, Luce Forward
Ted Tanner, Executive Vice President, AEG, L.A. Live
2:30pm–3:15pm
Market Drill Down
A drill-down look at the western U.S. markets will be presented with key rankings and metrics, outlining the best and worst performing markets and their outlooks. A combination of research-based statistics and on-the-ground experience of leading property owners and operators will be combined to provide analysis and perspective on local market performance.
Moderator: Jay Parsons, National Market Analysis Manager, MPF Research
April Atkinson, Senior Director Property Management, Irvine Company Apartment Communities
Michael P. Bissell, President, Multifamily Property Management, Sares-Regis Group
Kevin Grani, Vice President Property Operations, BRE
3:15pm–3:30pm
Chairman's Closing Remarks
Constance B. Moore, President & CEO, BRE Properties