Massey Knakal Multifamily Summit

Led by Don Tallerman, President, Online Marketing Group

This workshop will highlight marketing techniques to keep your buildings fully leased without paying broker fees. See real world examples of how focused online marketing campaigns can make a huge difference in driving direct deals.

Led by Ken Krasnow, Managing Director – Brooklyn, Massey Knakal Realty Services
– David Maundrell, President, aptsandlofts.com
– Mitch Shpelfogel, Managing Member, SG & Sons Realty
– David von Spreckelsen, Senior Vice President, Toll Brothers

Led by Nikolas Kron, Founder, Equity Interface

Hear up to 40 deals from sellers and brokers; investment criteria of buyers. Present your own deals (3-5 minute presentations). See flyer for details.

Led by Luke Falk, Associate Project Manager, NYSERDA

What are the different options with regard to retrofit? What kinds of cost outlays could you expect? What pay-back periods? What is the government (e.g. NYSERDA) willing to subsidize? How do you take next steps to achieve these cost savings?

Speakers:
Isaac Sitt, Co-Founder & Co-CEO, Vesper Holdings, LLC
Jared Heuer, Managing Director, Realco Capital Partners
Andrew Stark, Managing Director, Cantor Fitzgerald

Despite the unusual economic climate of the past year, the student housing sector continues to attract new investors and developers to the field with a desire to construct off-campus housing, or on-campus housing in unique JV partnerships with colleges and universities. Learn more about this vibrant alternative to traditional multifamily investing.

The economy has pulled back from the brink of disaster, but numerous risks and pitfalls abound. The stock market recently hit 2010 lows (July 2) and European debt is still shaky. Meanwhile, major trauma in large economic sectors such as healthcare, finance, and oil & gas create massive economic uncertainty. What does this mean to you? Where are we headed? What can we expect to happen over the next 12 to 18 months and how will it affect the U.S. economy and New York. What does this mean for your existing portfolio of investment property as well as future investment opportunities?

– Doug Bibby, President, National Multi Housing Council

Banks are stepping up to the plate with tens of billions in funds earmarked for multifamily financing. Capital One in particular recently formed a special multifamily group. New York Community Bancorp raised $5 billion alone. How do lenders, Fannie, Freddie, and intermediaries see the future of multifamily finance unfolding? How will it affect your ability to finance investments and refinance your existing buildings? And, finally, what about distressed multifamily? Are lenders selling notes or REOs in this sector?

– Moderator: Adam Luysterborghs, Principal, Avant Capital Partners
– Richard Conley, Senior Vice President, Community Preservation Corporation
– Michael Edelman, Managing Regional Director, Freddie Mac
– Spencer Garfield, Managing Director, Hudson Realty Capital
– Scott Swerdlin, Senior Vice President, Capital One Bank

When it comes to today’s investment sales market, the biggest question on everyone’s mind is the sustainability of the market’s present momentum. Can the currently elevated price levels continue on their current trajectory, or are we in a mini-bubble at a low point in this cycle? Where is demand coming from and what are the pricing and terms that they need? How are high-net worth, foreign, and old-line New York families affecting the demand-side? On the supply side, what does the market structure look like, given what we know of recent history? And with the effects and uncertainty of the global and local economies, what are the risks moving forward?

– Robert Knakal, Chairman, Massey Knakal Realty Services

Special Lunchtime Discussion (12:40 – 1:25 pm):

– Moderator: John Kelly, Partner, Nixon Peabody LLP
– Sol Arker, Principal, The Arker Companies
– Peter Fine, President, Atlantic Development Group
– Ron Moelis, Co-Founder / Principal, L+M Development Partners

What’s driving sellers to offload their properties, and what terms are investors able to achieve? Are there specific neighborhoods or property types that are doing particularly well or poorly? What’s a good deal these days? What are active investors accepting in terms of cap rates, multiples? What capital sources do they prefer and why? What does a typical deal look like these days in terms of the capital structure?

– Moderator: Matthew Kasindorf, Chair, Real Estate Department, Meister Seelig & Fein LLP
– Kevin Davis, Partner, Area Property Partners
– Larry Gluck, Founder, Stellar Management
– Neil Rubler, President / CEO, Vantage Properties
– Ofer Yardeni, Managing Partner, Stonehenge Partners

How can you make the most of your retail units? What is the outlook for retail / mixed use going forward versus pure multifamily? Should you condo your retail units and sell them off? What tenant sectors are on the rise and which ones are declining? How do you value the retail component of a mixed use property you plan to acquire? Should you avoid or pursue retail at this stage in the economic “recovery”?

– Moderator: Neil Gronowetter, Chairman, Multifamily Investor
– Michael Alpert, President / Vice Chairman, Ashkenazy Acquisition Corp
– Faith Consolo, Chairman, Retail Leasing, Prudential Douglas Elliman
– Joe Sitt, Chairman & CEO, Thor Equities
– Richard Wagman, Managing Director, Madison Capital

Violations, permits, renovation, tenant buy outs, rent-stabilization laws, leasing up, rental brokers, cost segregation, energy retrofit, and headaches. How are top operators working their assets to maximize NOI while growing the value of their portfolios? How do strategies vary if you plan to buy-and-hold forever versus value-added plays? What tactics are best for increasing cash flow in the short term for under-performing buildings? What are good long term investments for taking your building to the next level?

– Moderator: Matthew Baron, Principal, Simon Development Group
– Ralph Della Cava, EVP & Principal, R. A. Cohen & Associates, Inc.
– Ed Kalikow, President & CEO, The Kalikow Group
– Barry Rudofsky, Principal, Bronstein Properties
– David Unger, Chief Operating Officer, US Energy Group See Video
– James Wacht, President, Sierra Realty Corp.

Are you considering converting your multifamily building? What are the economics of doing so? Did you know that selling converted condos are taxed at regular (personal or corporate) income tax rates and not as capital gains? What are the key challenges and opportunities with regard to conversion in today’s lending and sales environment? How do you weigh the pros and cons, the costs and the benefits, the headaches and the potential windfalls?

– Moderator: Eric Brody, Founder & Principal, The Brody Group LLC
– Alvin Schein, Partner, Seiden & Schein, P.C.
– Richard Sussman, Partner, Rosenberg & Estis
– Jordan Zoot, Owner, NADROJ Consulting, Inc.

Tenant-backed bills have been (thankfully) delayed as Albany heads into recess, but what does the future hold for pro-tenant / anti-landlord legislation? While pro-tenant bills are good for winning elections, they appear to be bad for investment into the City. How do policy makers view the dilemma? What does the future hold with regard to rent-stabilization? How can landlords make their voices and interests heard? Further, with the defeat of Pedro Espada in the recent primary, who will defend landlords interests in Albany?

– Moderator: Robert Knakal, Chairman, Massey Knakal Realty Services
– Sherwin Belkin, Partner, Belkin Burden Wenig & Goldman LLP See Video
– Andrew Hoffman, Vice Chairman, Community Housing Improvement Program
– Steven Spinola, President, Real Estate Board of New York
– Joe Strasburg, President, Rent Stabilization Association of N.Y.C., Inc.

We are pleased to announce that Gary Barnett, President of Extell Development, will hold a special keynote address at the Massey Knakal Multifamily Summit. Gary oversees a portfolio of over 10 million square feet, including significant multifamily holdings, and recently announced that he’ll be building the City’s tallest residential building, a $1.3 billion skyscraper on 57th Street. He seldom speaks in public, so this is a rare and valuable opportunity that you won’t want to miss.

– Gary Barnett, President, Extell Development