FEBRUARY 2020

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SEEKING ALPHA IN MULTIFAMILY HOUSING

 

 THE CHICAGO REAL ESTATE COUNCIL is proud to present  

 "Seeking Alpha in Multifamily Housing" 


Maggiano’s Little Italy,
516 N. Clark Street,
Chicago, IL 60654


Thursday February 20, 2020,
11: 30 am to 1:30 pm


Multifamily Housing is in a state of flux and growth. As development and job numbers increase in urban cores such as downtown Chicago, several trends have emerged:

i) New development and redevelopment of old buildings have created a
denser downtown area.
ii) Apartment rents have increased substantially, making it harder for
apartment renters to afford to live in or near the center city.

How do developers and equity investors operate to maximize returns and create rental housing space given these changes?

Panelists:
Steve Carlson, Senior Vice President, Waterton Residential
Steve heads capital markets for this leading private multi-family apartment investor. Waterton is a real estate investment and property management company with a focus on U.S. multifamily, senior living and hospitality properties. Founded in 1995, Waterton executes value add strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions.

Alexander (Sandy) Albert, Senior Director of Real Estate, Common Living
Common Living opened the doors to its first building in Brooklyn, NY in October 2015 and now operates properties in New York City, San Francisco, Washington DC, Chicago, Oakland, Seattle and Los Angeles.

Andrew Levin, Director of Business Development, Ollie
Ollie provides thoughtfully designed living spaces with hotel-style services, built-in community, and extraordinary amenities. They currently own and manage properties in New York and Pennsylvania.

Michael Israel, Director of Innovation, X Property Group
X Properties is a developer and owner of multifamily properties. Many are mixed buildings, of co-living, traditional apartments, co-working spaces and amenities. They have $1 billion in properties under development.

Andy Velkme, Senior Vice President Caton Commercial Real Estate Group
Andy is a Commercial Real Estate Broke and, Adviser focused on innovative real estate concepts including co-living, co-working, adaptive re-use, creative mixed use and incubation spaces.

Moderated by Paul Olson, Vice President, Gershman Mortgage
Paul is a commercial mortgage banker focused on providing non-bank financing options to owners and developers of multifamily and senior housing. He is on the board of directors of the Chicago Real Estate Council.