The commercial real estate industry has historically played the long game, a necessary way of thinking for an industry where things move more slowly than in the traditional equity or debt markets. But this is starting to change as more institutional investors and lenders adopt new technology that is allowing them to make decisions based on real-time information, rather than on data compiled over the last quarter on a year. Don’t get us wrong – it still takes real time to build a property, get a loan or complete a redevelopment – but real estate professionals have more immediate tools at their disposal.
We’re hoping that the Real Estate Finance & Investment 2019 Institutional Investor Summit will tap into the long-term aspects of the challenges that the sector is expecting to face in the coming year and look at the key issues that our readers have been discussing. The Summit, a morning event that will be held at Essex House in New York, is headlined by speakers that include Tawan Davis, CEO of The Steinbridge Group, and Billy Procida, president of Procida Funding & Advisors.
Billy and Tawan are each executing strategies that are important for what end-users need in today’s market. Indeed, our conversations with Tawan about how Steinbridge Group is expanding its focus on the residential sector in rising cities like my hometown of Philadelphia demonstrate the critical need for workforce housing. Meanwhile, Billy’s focus on multifamily and other idle market lending opportunities in properties that are within a hundred-mile radius of its New Jersey headquarters is a reminder of how important it is for commercial real estate professionals to stay local. They’ll be talking about how projects like theirs are a good counter-trend to the high-end development unfolding across the country.
As much as the commercial real estate market continues to center on bricks and mortar, Louis Bougier of SureCave and Peter Shankar of EquityMultiple will be talking about the role of the chief technology officer. Lou and Peter will be discussing why the CTO position is a critical one for commercial real estate companies, explaining what used to be an IT function has become a central role with the advent of technology.
We’re also expecting that Opportunity Zone platforms will be a major focus, both in a breakout discussion led by Mitch Wasterlain, Jeff Bowdin of AnchinBlock and Adam Hooper of RealCrowd and in other conversations that will be happening during the day.
Our hope is that this event will be a chance for you to network with your peers and speak frankly and ask questions about the topics that you’re passionate about or that concern you. While our opening and closing panels are traditional, on-the-record discussions, our breakout roundtables are all off the record.
Click here to register and please reach out with any questions.