MN Apartment 2023
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Jan 18, 2023 Panel 1: Twin Cities Apartment Market Update Abe Roberts, First Vice President Investments, Marcus & Millichap Chris Missling, Senior Vice President – Multi-Family Investment Sales, NAI Legacy Matt Mullins, Vice President, Maxfield Research and Consulting LLC Ted Bickel, Managing Director, Northmarq Josh Talberg, Managing Director, JLL Keith Collins, Executive Vice President, CBRE Grant Campbell, Senior Vice President Investments, Centerspace • Recap on recent major transactions • Value-add opportunities in the market • Competition for investment properties • CAP Rate updates & trends • Which submarkets are still favorable • What type of yields should investors expect • Investment market forecast • Renter Demographic Update for Apartment Investors & Developers Panel 2: Capital Markets Andy Deckas, Chief Executive Officer, Axial Real Estate Advisors LLC Fritz Waldvogel, Senior Vice President, Production, Colliers Mortgage Lucas Goring, Vice President, Bellwether Enterprise Brett Olson, Senior Vice President, Grandbridge Todd Dexheimer, Co Founder and Principal, Endurus Capital Nick Place, Chief Lending Officer, Bridgewater Bank • Interest rates keep rising – what does that mean for investors and developers • Impact of inflation – what does that mean for owners & developers • Fannie & Freddie and HUD update • Construction lending solutions • Long term debt options now and outlook for the next few years • Alternative sources of capital & private lending • What is the overall outlook for 2023 Panel 3: The New Face of Management: Demographic, Operations & New Technology Alex Lelchuk, President, Lelch Audio Video Heather Fleetham, Vice President Operations, Lincoln Property Company Cecil Smith, President & CEO, Minnesota Multi Housing Association Erin Fransen, Chief Operating Officer, Timberland Partners Sydney Anderson, Senior Director, Client Services, Greystar Jamie Perron, Chief Operating Officer, Saturday Properties • Current market vacancy & absorption rates • Changing demographic characteristics of apartment renters • Tenant expectations from owners • Leasing activities • Cutting-edge technologies changing the industry • Updating old properties Panel 4: Multifamily Development in 2023 David Miller, Owner, Principal, UrbanWorks Architecture Maureen Michalski, Vice President of Real Estate Development, Ryan Companies Katie Anthony, Vice President of Development, Schafer Richardson Josh Brandsted, President/Owner, greco Kent Roers, Co-Founder and Owner, Roers Companies Trevor Martinez, Developer, Sherman Associates • What are the hot suburban submarkets for development • Is anything viable in St. Paul right now? • Conversions? Historic or office conversions? • Site redevelopment • When increasing interest prices out home buyers – does that change unit mix for apartment developers • Acquiring land in a tumultuous market • Other multifamily products you are looking at? Senior, 55+, Student, Affordable? • Condominiums – is there any activity at all? Panel 5: Architecture, Design, and Construction Forecast Joyce Stupnik, President | Partner, BDH Dean Dovolis, Principal | CEO, DJR | Architecture & Design Michael Krych, Senior Design Leader, Managing Partner, BKV Group Stefan Michno, Project Manager, Kraus-Anderson Christian Lawrence, Founder & CEO, RISE Modular David Stahl, Principal, Cuningham • What types of trending amenities are important • How has design changed interior layouts of units • Modular construction pros & cons • New project showcase • Is work-from-home still driving unit design and amenities? • Creative strategies to keep per unit cost down