The Multifamily Forum: Chicago & the Midwest is postponed to October 6.


Please read our statement about COVID-19.

Illinois is still operating under its phase four guidelines, but with other states like Indiana pausing and Michigan backtracking on their reopening plans to prevent new spikes, what is in store for multifamily property businesses in Chicago and across the Midwest?

Join the Marcus & Millichap Multifamily Forum Chicago & the Midwest in a re-imagined, all-digital, online conference format. Spanning ten days from July 21 through July 30, the conference has been organized in brief, easy-to-consume portions to minimize disruption to your work and personal life. Join live to interact directly with speakers through the Q&A feature, or view the recordings on your own time. Either way, don’t miss the group networking discussions that will allow you to connect with your peers directly to forge new connections and re-establish existing relationships.

Reasons to attend:

  • Find out what top multifamily owners, managers, developers and investors are thinking and doing in the Midwest markets
  • Get the latest information on equity and debt financing for multifamily properties
  • Learn how the pandemic has affected your peers’ business and what they are doing about it
  • Pool your ideas on reopening plans and social amenity usage best practices
  • Discover the current thinking regarding future distressed buying opportunities
  • Explore how multifamily value add rehab is changing in light of the public health crisis
  • Identify new technology that is now suddenly more useful and relevant
  • Hear the latest regulatory update on issues such as rent control, eviction moratoriums and rent cancelations
  • Connect directly through one or more of the group networking discussions or the happy hour

What you get:

  • 6 panels organized on different days to minimize the disruption to your schedule
  • Recordings of each panel to allow you to view or review when you like
  • Online group networking discussions (sessions are limited in number and size) – Deadline is Friday, July 17 to sign up
  • Group happy hour (six 10-minute mixed breakouts to facilitate new connections)

Group Networking Discussion Topics:

GreenPearl is organizing a small number of group networking functions around specific topics. These 30-minute sessions will be held online via group video chat, and each session will be limited in attendance to allow for a productive experience. Preliminary ideas for topics are listed below. Express your interest in the registration form.

  • Meet the Speakers
  • Rental Rates, Payments & Vacancy Problems
  • Refinancing & Borrowing Challenges
  • Staff and Resident Safety amid COVID
  • Touch-less Technology and Remote Management
  • Acquisitions & Equity Investment Headaches
  • Development & Construction Dispute Handling
  • Future Demand: Suburban vs Urban
  • Construction Costs, Labor & Materials
  • Deal Syndication & Fundraising
  • Distressed Investing Outlook
  • Reopening Plans & Amenity Usage
  • Value-Add Business Plan Changes
  • Regulatory Headaches & Tenant Agreements
  • Chicago Condo Market

Samantha Williams
Event Director
sam@greenpearlevents.com

Speakers

Maria Banks

Maria Banks
President & CEO
AMLI Management

Lela Cirjakovic

Lela Cirjakovic
EVP – Operations
Waterton Residential

Derrick Cranor

Derrick Cranor
Partner
Cityscape Residential

Yale Dieckmann

Yale Dieckmann
Managing Director – Development
Greystar

Jeff Elowe

Jeff Elowe
President
Laramar Group

Brad Gries

Brad Gries
Managing Director – Head of US Acquisitions
LaSalle Investment Management

Bob Hanrahan

Bob Hanrahan
Chief Operating Officer
Redwood Capital Group

Jerry Karlik

Jerry Karlik
Partner & Founder
JK Equities

Tammy Kelly

Tammy Kelly
SVP & Head of Asset Management
Redwood Capital Group

Jim Lapides

Jim Lapides
VP – Strategic Communications
NMHC

Michael McLean Jr

Michael McLean Jr.
Partner
Condor Partners

Michael Mini

Michael Mini
Executive Vice President
Chicagoland Apartment Association

Diana Pittro

Diana Pittro
Executive Vice President
RMK Management

David Reahl

David Reahl
Managing Director
USAA Real Estate

Milan Rubenstein

Milan Rubenstein
Founder & Partner
Windy City RE

David Ruttenberg

David Ruttenberg
Managing Partner
Ruttenberg Gordon Investments

David Schwartz

David Schwartz
Chairman & CEO
Waterton Residential

Marc Turner

Marc Turner
Managing Director – Investment Management
Origin Capital Partners

Ted Weldon

Ted Weldon
Executive General Manager – Development
Lendlease

David Bradley

David Bradley
Regional Manager – Chicago Downtown
Marcus & Millichap

Mary Cook

Mary Cook
President
Mary Cook Associates

Michael D'Onofrio

Mike D’Onofrio
Managing Director
Engineered Tax Services

Joshua Hanna

Joshua Hanna
Partner
Kirkland & Ellis

Michael Hayford

Michael Hayford
Multifamily Director – Midwest
Kastle Systems

James Leonard

James Leonard
Senior Managing Director
Marcus & Millichap
Capital Corporation

John Sebree

John Sebree
SVP & National Director
Multifamily
Marcus & Millichap

Speakers

  • Maria Banks, President & CEO, AMLI Management
  • Lela Cirjakovic, EVP – Operations, Waterton Residential
  • Derrick Cranor, Partner, Cityscape Residential
  • Yale Dieckmann, Managing Director – Development, Greystar
  • Jeff Elowe, President, Laramar Group
  • Brad Gries, Managing Director – Head of US Acquisitions, LaSalle Investment Management
  • Bob Hanrahan, Chief Operating Officer, Redwood Capital Group
  • Jerry Karlik, Partner & Founder, JK Equities
  • Tammy Kelly, SVP & Head of Asset Management, Redwood Capital Group
  • Jim Lapides, Vice President, National Multifamily Housing Council
  • Michael Mini, Executive Vice President, Chicagoland Apartment Association
  • Diana Pittro, Executive Vice President, RMK Management
  • David Reahl, Managing Director, USAA Real Estate
  • Milan Rubenstein, Founder & Partner, Windy City RE
  • David Ruttenberg, Managing Partner, Ruttenberg Gordon Investments
  • Marc Turner, Managing Director – Investment Management, Origin Capital Partners
  • Ted Weldon, Executive General Manager – Development, Lendlease
  • David Bradley, Regional Manager – Chicago Downtown, Marcus & Millichap
  • Mary Cook, President, Mary Cook Associates
  • Mike D’Onofrio, Managing Director, Engineered Tax Services
  • Joshua Hanna, Partner, Kirkland & Ellis
  • Michael Hayford, Multifamily Director – Midwest, Kastle Systems
  • James Leonard, Senior Managing Director, Marcus & Millichap Capital Corporation
  • John Sebree, SVP & National Director, Multifamily, Marcus & Millichap

Featured Participants

David Bach

Hines

Peter Chmielewski

Lennar Multifamily

Mike Drew

Structured Development

Valerie Fertitta

Greystar

Dan Gladden

AMLI Residential

David Goldman

Belgravia Group

Olga Iskender

Eastham Capital

John Kennedy

Evergreen Real Estate Group

Jim Letchinger

JDL Development

Pei Pei Mirabella

Bozzuto

Justin Pelej

Focus Development

Tony Rossi Sr.

RMK Management

Lindsey Senn

Fifield Companies

Steve Sise

Golub & Company

Darren Sloniger

Marquette Companies

Carly Stevenson

McCaffery Interests

Mark Sutherland

Wicker Park Apartments

Stacy Valentine

Laramar Group

Renee Wersching

Magellan Development Group

Mike Yungerman

Opus Development Company

Michael Zucker

Peak Properties

Featured Participants

  • David Bach, Hines
  • Peter Chmielewski, Lennar Multifamily
  • Mike Drew, Structured Development
  • Valerie Fertitta, Greystar
  • Dan Gladden, AMLI Residential
  • David Goldman, Belgravia Group
  • Olga Iskender, Eastham Capital
  • John Kennedy, Evergreen Real Estate Group
  • Jim Letchinger, JDL Development
  • Pei Pei Mirabella, Bozzuto
  • Justin Pelej, Focus Development
  • Tony Rossi Sr., RMK Management
  • Lindsey Senn, Fifield Companies
  • Steve Sise, Golub & Company
  • Darren Sloniger, Marquette Companies
  • Mark Sutherland, Wicker Park Apartments
  • Carly Stevenson, McCaffery Interests
  • Renee Wersching, Magellan Development
  • Mike Yungerman, Opus Development Company
  • Michael Zucker, Peak Properties

Who Attends

The Marcus & Millichap / IPA Multifamily Forum: Chicago & the Midwest brings together hundreds of active multifamily developers, owners, investors, managers and operators.

Past attending companies include:

  • 3 L Real Estate
  • Adams LaSalle
  • Alpha Capital Partners
  • Ares Management
  • Barnett Capital
  • Berkshire Communities
  • Bertsch Properties
  • BH Management
  • Bozzuto Management Company
  • Braeside Group
  • Brookfield Asset Management
  • Calibrate Property Management
  • Casmon Capital
  • Cedar Street Companies
  • Chicagoland Apartment Association
  • CIM Group
  • Crescent Development Partners
  • Cullinan Properties
  • Diversey Capital
  • Dixon Companies
  • DMS Management
  • Evergreen Real Estate Group
  • Fifield Companies
  • First InSite Realty
  • Focus Development
  • Foresite Realty
  • Free Market Ventures
  • Golub & Company
  • Greenplan Properties
  • Habitat Company
  • Hallmark & Johnson Properties
  • Hanna Commercial
  • High Fidelity Property Management
  • Hillcrest Holdings
  • Hispanic Housing Development
  • Holladay Properties
  • Horizon Realty Group
  • Interstate Partners
  • JHM Investments
  • John Hancock Real Estate
  • JSM Management
  • Kipling Group
  • Laramar Group
  • LEM Capital
  • Lima One Capital
  • Lipe Property Company
  • LivCor
  • LMC
  • Luxury Living Chicago Realty
  • Marquette Companies
  • McKenna Capital
  • McShane Construction Company
  • Menora Financial
  • Minnesota Housing
  • MLG Capital
  • Multifamily Design+Construction
  • Nest Properties
  • Newcastle Limited
  • Optima Signature
  • Orion Residential
  • Pangea
  • PG Properties
  • Pillar Multifamily
  • PIRHl Development
  • R&R Luxury Real Estate
  • Randolph Street Realty
  • Rhea Properties
  • Royal Imperial Group
  • Saratoga Investors
  • Severi Investments
  • Shaw Fishman Real Estate Group
  • Sherpa Capital Group
  • SouthGate Companies
  • Spaces Real Estate
  • Structured Development
  • Tandem Development
  • Thomas Street Properties
  • Troico Development
  • Turnstone Development
  • UrbanStreet Group
  • Waterton
  • Waypoint Residential
  • Weiss Entities
  • Winnemac Properties

Chicago & Midwest Multifamily Online Conference 2020 Agenda

July 21 – July 30, 2020

Schedule of Online Sessions

Tuesday, July 21
12:00 PM CDT – 1:00 PM CDT

Timing the Market: Capital Markets for Multifamily Deals in Chicago & the Midwest

In the spring, the pandemic had derailed most deals, with only the most motivated of sellers proceeding to close. Meanwhile, equity sources largely pulled back waiting to see how the pandemic, unemployment and reopenings will affect rent payments, rent levels and occupancy rates, among other key metrics. Now that we’ve seen that rent collections are much better than feared, buyers are re-entering the market, driving new deals forward, some at discounts and some at or above pre-COVID prices. Lenders as well are starting to re-engage at acceptable LTVs. What’s next for multifamily capital markets, and will there be special opportunities created by the pandemic? Join this special online panel to learn more about the state of capital markets, both debt and equity for multifamily deals in Chicago and across the Midwest.

  • How have deal terms and underwriting changed due to the pandemic?
  • How are banks and other lenders adjusting their LTVs and covenants?
  • Which equity investors are actively investing in deals right now?
  • Which types of deals have fallen out of favor and which are on the rise?
  • What unique opportunities has the current situation created for equity investors?

Moderator:

  • James Leonard, Senior Managing Director – Capital Markets, Marcus & Millichap

Panelists:

  • Jeff Elowe, CEO, Laramar Group
  • Brad Gries, Managing Director – Head of US Acquisitions, LaSalle Investment Management
  • David Reahl, Managing Director – Investments, USAA

Wednesday, July 22
8:30 AM CDT – 10:00 AM CDT

Private Roundtable for Multifamily Development Leaders

This 90-minute online session is exclusive to multifamily development leaders. Participants thus far include operations leaders from Belgravia Group, Cedar Street, Fifield Companies, Focus Development, Hines, JDL Development, Lennar Multifamily, Marquette Companies, Opus North Corporation, RMK Management, Structured Development Corporation and Wicker Park Apartments.

This is an invite-only session. Contact Samantha Williams at sam@greenpearlevents.com. If you are interested in participating.

Wednesday, July 22
12:00 PM CDT – 1:00 PM CDT

Yes, We’re Open: Property Management Technology and Innovation in a Time of Crisis

With Chicago & the Midwest re-opening, multifamily operators are moving to the next stage of managing properties amid the Coronavirus pandemic. New plans and action steps are emerging, and this session seeks to bring to the surface what multifamily operators are seeing and doing at this time, as well as how technology and innovation can be used to solve specific pain points:

  • Rent collections and economically vacant / physically occupied units
  • Occupancy and leasing trends, activity and strategies to minimize vacancy
  • Touch-less leasing, smart buildings and remote management tools
  • Mortgage payment forbearance opportunities and roadblocks
  • Property tax savings opportunities in light of valuation changes
  • Tactics to procure PPE and maintain a reliable pipeline of equipment
  • Putting together reopening plans for your portfolio / property

Panelists:

  • Maria Banks, President & CEO, AMLI Management
  • Lela Cirjakovic, EVP – Operations, Waterton Residential
  • Robert Hanrahan, CEO, Redwood Capital Group
  • Diana Pittro, EVP, RMK Management

Thursday, July 23
12:00 PM CDT – 1:00 PM CDT

Outside the Urban Core: Development & Investment throughout the Midwest

Chicago’s and the nation’s most prominent multifamily developers & investors are actively seeking higher yield opportunities outside the urban core. The Twin Cities are shattering expectations with deliveries and rents on the rise. Rapid job growth has bolstered demand in Indianapolis. St. Louis’ diverse economy and Milwaulkee’s revitalization are creating record-breaking demand for apartment living. Detroit, Des Moines, Kansas City and Columbus are also on everyone’s radar, as investors push beyond picked-over markets towards opportunities in less competitive markets. Hear where regional and national investors are actively pursuing deals and what kinds of returns and challenges you can expect.

  • Compare the overall performance of and outlook for specific markets across the region
  • Identify specific metros that show superior yield versus apparent risk
  • Learn where these markets stand on employment metrics, rent collections, regulation and taxation
  • Examine the availability of equity and level of interest from regional and national investors for specific markets
  • Find out which lenders are actively providing financing into these markets
  • Assess the build versus buy trade offs for various Midwest cities
  • Discover secondary and tertiary markets with strong fundamentals but otherwise flying under the radar due to lack of institutional investor interest
  • Learn which cities have become more or less attractive due to the pandemic

Panelists:

  • Derrick Cranor, Partner, Cityscape Residential
  • Tammy Kelly, SVP & Head of Asset Management, Redwood Capital Group

Tuesday, July 28
1:00 PM CDT – 2:00 PM CDT

Rent Control, Eviction Moratoriums & Rent Cancellation: Government Regulation Impact on the Multifamily Industry

Multifamily property investors, owners and developers face serious threats from local, state and federal government, as well as avenues of relief. At the local level, Chicago has passed or is considering passage of a number of ordinances affecting evictions and renewals, adding months to the normal processes of apartment turnover, as well as fees that the landlord may need to pay in some circumstances. At the state level, Illinois is still actively considering rent control, as well as major pro-tenant legislation that could impact all aspects of the landlord-tenant relationship including evictions. At the federal level, there are already restrictions on properties backed by federally financed loans, and new bills are being considered that could further restrict landlords autonomy, as well as a few that could provide relief and bolster rent collections in the near term, such as renter subsidies, extensions of increased unemployment stipends and additional stimulus checks.

How does this play out on the ground between landlord and tenant? How are major apartment property owners reworking their approach to tenants including agreements that they are entering into with existing tenants, or lease term changes to new rental leases? How does this affect the attractiveness of new deals going forward? Join this special session to learn what is happening and what you can do about it.

  • Understand what current regulations are in force and how they affect multifamily
  • Learn the status of the court system and how this will impact landlord-tenant cases
  • Hear how and where rent control would play out if enacted
  • Receive analysis on how the regulatory environment impacts valuations
  • Get the latest on eviction moratoriums and the threat of rent cancellations
  • Hear what top apartment property owners are doing and planning
  • Engage in a special Q&A with panelists to get answers to your questions

Moderator:

  • John Sebree, FVP & National Director – Multifamily, Marcus & Millichap

Panelists:

  • Jim Lapides, VP, National Multifamily Housing Council
  • Michael Mini, EVP, Chicagoland Apartment Association
  • David Schwartz, CEO, Waterton

Tuesday, July 28
8:30 AM CDT – 10:00 AM CDT

Private Roundtable for Multifamily Operations Leaders

This 90-minute online session is exclusive to multifamily operations leaders. Participants thus far include operations leaders from AMLI Residential. Bozzuto. Eastham Capital. Evergreen Real Estate Group. Golub & Company. Greystar. Laramar Group. Magellan Development Group. McCaffery Interests and Peak Properties.

This is an invite-only session. Contact Samantha Williams at sam@greenpearlevents.com. If you are interested in participating.

Wednesday, July 29
12:00 PM CDT – 1:00 PM CDT

Weathering the Storm: The Outlook for the Chicago & Midwest Apartments Market

We are in unprecedented times. The state of the market 12 months ago seems like a bygone era. Just a short while ago, the biggest concern was impending rent control. That seems like a million years ago now. In 2020, we are faced with a global pandemic, social unrest and massive unemployment. And yet, Chicago is in phase four of a five phase plan, and some areas of the Midwest are fully reopened. Developers are itching to get their pipelines restarted, while investors sit on the sidelines with piles of cash waiting to see how things will play out. How are these factors impacting the apartment industry across the Midwest?

  • How have rental rates, rent payments and occupancy held up since March?
  • How is unemployment affecting the outlook for the apartment industry in Chicago & the Midwest?
  • Which cities across the region are suddenly more attractive in light of the pandemic?
  • Where is development restarting and what can we expect in light of reopenings?
  • How has the current situation affected construction costs, availability and timelines?
  • In what ways has the pandemic created new opportunities for distressed deals and projects?

Panelists:

  • Yale Dieckmann, Managing Director – Development, Greystar
  • Jerry Karlik, Partner & Founder, JK Equities
  • Michael McLean, Partner, Condor Partners
  • Ted Weldon, Executive General Manager – Development, Lendlease

Thursday, July 30
12:00 PM CDT – 1:00 PM CDT

New Reality: Adapting Value-Add Strategies to Today’s Situation

Class C properties have been hit hardest by unemployment and non-payment of rent, while Class A properties have thus far been unscathed, although a prolonged period of economic depression could change that. The typical Value-Add strategy involves buying up B and C properties and upgrading them, if not to Class A, at least to a higher quality product that attracts higher paying tenants. How has the pandemic changed all that, and what is the outlook for the value-add rehab model?

  • How are the buyers finding and funding new deals in the Midwest & Chicago today?
  • In what ways has the risk profile of acquiring older properties changed?
  • How has the pandemic affected value-add construction projects?
  • Will we see a wave of distressed selling and, if so, how big will it be?
  • How has the crisis changed the rehab business plan? Are social amenities now less valued?
  • Which technologies suddenly make a lot more sense to incorporate into refurbished properties?

Panelists:

  • David Ruttenberg, Managing Partner, Ruttenberg Gordon Investments
  • Milan Rubenstein, Founding Partner, Windy City RE
  • Marc Turner, Managing Director – Investment Management, Origin Investments

Daily, July 21 – July 30
1:15 PM CDT – 1:45 PM CDT

Group Networking / Table Topics

GreenPearl is organizing a small number of group networking functions around specific topics. These 30-minute sessions will be held online via group video chat, and each session will be limited in attendance to allow for a productive experience. Details of which topics are still to be decided based on attendee feedback. Express your interest in the registration form.

  • Meet the Speakers
  • Rental Rates, Payments & Vacancy Problems
  • Refinancing & Borrowing Challenges
  • Staff and Resident Safety amid COVID
  • Touch-less Technology and Remote Management
  • Acquisitions & Equity Investment Headaches
  • Development & Construction Dispute Handling
  • Future Demand: Suburban vs Urban
  • Construction Costs, Labor & Materials
  • Deal Syndication & Fundraising
  • Distressed Investing Outlook
  • Reopening Plans & Amenity Usage
  • Value-Add Business Plan Changes
  • Chicago Condo Market

Friday, July 24
3:00 PM CDT – 4:00 PM CDT

Chicago & Midwest Multifamily Happy Hour

Bring your favorite beverage and login for a group networking function to finish up the first week. Limited to a total of 300 participants, groups of 10 will be mixed together for six periods of 10 minutes each, over the course of one hour to allow you to make new connections and re-establish relationships. Connect with 50+ attendees in sixty minutes.

Hosted by:

Xfinity

Chicago & Midwest Multifamily Online Conference 2020 Agenda

July 21 – July 30, 2020

Schedule of Online Sessions

Tuesday, July 21
12:00 PM CDT – 1:00 PM CDT

Timing the Market: Capital Markets for Multifamily Deals in Chicago & the Midwest

Wednesday, July 22
8:30 AM CDT – 10:00 AM CDT

Private Roundtable for Multifamily Development Leaders

This is an invite-only session. Contact Samantha Williams at sam@greenpearlevents.com. If you are interested in participating.

Wednesday, July 22
12:00 PM CDT – 1:00 PM CDT

Yes, We’re Open: Property Management Technology and Innovation in a Time of Crisis

Thursday, July 23
12:00 PM CDT – 1:00 PM CDT

Outside the Urban Core: Development & Investment throughout the Midwest

Tuesday, July 28
1:00 PM CDT – 2:00 PM CDT

Rent Control, Eviction Moratoriums & Rent Cancellation: Government Regulation Impact on the Multifamily Industry

Tuesday, July 28
8:30 AM CDT – 10:00 AM CDT

Private Roundtable for Multifamily Operations Leaders

This is an invite-only session. Contact Samantha Williams at sam@greenpearlevents.com. If you are interested in participating.

Wednesday, July 29
12:00 PM CDT – 1:00 PM CDT

Weathering the Storm: The Outlook for the Chicago & Midwest Apartments Market

Thursday, July 30
12:00 PM CDT – 1:00 PM CDT

New Reality: Adapting Value-Add Strategies to Today’s Situation

Daily, July 21 – July 30
1:15 PM CDT – 1:45 PM CDT

Group Networking / Table Topics

Friday, July 24
3:00 PM CDT – 4:00 PM CDT

Chicago & Midwest Multifamily Happy Hour

Hosted by:

Xfinity

Conference Chair

Marcus & Millichap

Founded in 1971, Marcus & Millichap is a leading commercial real estate brokerage firm focusing exclusively on investment sales, financing, research, and advisory services, with close to 2,000 investment sales and financing professionals in over 80 offices throughout the United States and Canada. The firm has perfected a powerful property marketing system that integrates broker specialization by property type and market area; the industry’s most comprehensive investment research; a long-standing culture of information sharing; relationships with the largest pool of qualified investors; and state-of-the-art technology matching buyers and sellers. In 2018, the firm closed nearly 10,000 transactions with a sales volume of approximately $46.4 billion.

Lead Sponsor

Xfinity Communities

2020 Sponsors

Aggressive Energy
Domuso Inc.
ETS
Fetch
Kastle Systems
Mary Cook Associates
Seldin Company

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