Tuesday, July 21
Chicago & the Midwest Multifamily Online Conference Videos
Tuesday, July 21
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.
Wednesday, July 22
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.
Thursday, July 23
Get More Now: New Tax Credit & Incremental Ancillary Income Opportunities Workshop
- Get the “Masterclass Playbook” on implementing enhanced Stimulus Plan offerings now
- Learn how to maximize bonus depreciation, NOL carryback, immediate refunds and cash flow generator
- Discover how you can monetize your apartment property rooftops with the 5G cell site installations
Tuesday, July 28
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.
Wednesday, July 29
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?
Thursday, July 30
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?
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.
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