The perfect storm has arrived: COVID, rent control, anti-developer sentiment, eviction moratoriums and… murder hornets?

Your free trial for 2020 has expired, and the bill is coming due. Rents are down. Valuations are down. The specter of foreclosure looms in the not so distant future for some, amid one of the toughest situations the New York apartment market has seen for some time. However, there are silver linings when you look beyond older rent stabilized walk ups to greener fields elsewhere, as active multifamily investors switch up their game to focus on new areas for capital preservation and growth.

Join the New York Multifamily Summit in a re-imagined, all-digital, online conference format. Spanning nine weekdays from September 29 to October 9, 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 limited group networking opportunities 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 your peers are thinking and doing in the New York Tri-State area
  • Learn what other markets and property types they are now evaluating and acquiring
  • 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 both rent control and the public health crisis
  • Identify new technologies that are now suddenly more useful and relevant
  • Get fresh ideas to generate near term improvement in cash flow and/or net income
  • Connect directly through one of the limited networking opportunities

What You Get:

  • 6 panels held on separate days to minimize the disruption to your schedule
  • Keynote with Daryl Carter, Founder & CEO, Avanath Capital
  • Market data presentation on New York area market with comparisons to other markets
  • Workshop on new tax credits from recent legislation as well as cell tower income
  • Group networking to connect with other industry principals and professionals
  • Recordings of each session to allow you to view or review when you like (optional)
  • Conference Directory of all attendees who opt-in to the directory (optional)
  • Discounted access to the in-person conference in 2021 (optional)
  • Join one of the closed-door peer-to-peer roundtables (requires invitation)

Get Involved!

Samantha Williams
Event Director
sam@greenpearlevents.com

Keynote Speaker

Daryl Carter

Daryl Carter
Founder, Chairman & CEO
Avanath Capital

Speakers

Chris Albanese

Chris Albanese
President
Albanese Organization

Russell Appel

Russell Appel
Founding Principal
The Praedium Group

Melanie Domres

Melanie Domres
Managing Director – Asset Management
BentallGreenOak

Michael D'Onofrio

Michael D’Onofrio
Managing Director
Engineered Tax Services

Speakers

  • Chris Albanese, President, Albanese Organization
  • Russell Appel, Founding Principal, The Praedium Group
  • Melanie Domres, Managing Director – Asset Management, BentallGreenOak
  • Michael D’Onofrio, Managing Director, Engineered Tax Services

Who Attends

Each year, the New York Multifamily Summit brings together the top developers, owner/operators, investors and multifamily experts from New York and across the nation, as well as the industry’s most knowledgeable and influential experts for a day of networking, idea sharing and deal-making.

Past attending companies include:

  • AEW Capital Management
  • Alliance Residential Company
  • Audubon Capital Partners
  • AvalonBay
  • Baker Companies
  • Benchmark Real Estate Group
  • Berkshire Group
  • BlackRock
  • Boston Capital
  • Boston Investments
  • Boston Property Development
  • Bozzuto Development Company
  • C.A. White
  • Capstone Communities
  • Carmel Partners
  • Cathartes
  • CBRE Global Investors
  • Concord Companies
  • Connell Real Estate & Development
  • CrossHarbor Capital Partners
  • Davis Companies
  • Dolben Company
  • DSF Group
  • Eagle Development Partners
  • Erland Construction
  • Fairfield Residential
  • Federal Capital Partners
  • Gables Residential
  • Geller & Partners
  • Greystar
  • Harvard Investment Properties
  • Helge Capital
  • Hines
  • HYM Investment Group
  • Infinity Real Estate
  • Ironwood Realty
  • Jefferson Apartment Group
  • John Hancock Real Estate
  • JP Morgan Asset Management
  • Kimco Realty
  • Lennar Multifamily
  • LStar Communities
  • Lubert-Adler Partners
  • Massachusetts Housing Investment Corp.
  • Metropolitan Properties of America
  • Mill Creek Residential Trust
  • MIT Investment Management
  • Mount Vernon Company
  • Navarino Capital
  • Newman Properties
  • Normandy Real Estate Partners
  • Northland Investment
  • Northstar Properties
  • Northwestern Mutual Real Estate
  • Oxford Properties
  • Pennrose Properties
  • Picerne Real Estate Group
  • Premier Property Solutions
  • Princeton Properties
  • Pritzker Realty Group
  • RARE Development
  • Regan Properties
  • Roseview Group
  • Samuels & Associates
  • Schochet Companies
  • SilverBrick Group
  • Simon Konover Company
  • Stratford Capital Group
  • Taymil Partners
  • Toll Apartment Living
  • Trammell Crow Residential
  • Twining Properties
  • UBS Realty Investors
  • United Group of Companies
  • United Properties
  • USAA Real Estate Company
  • Windsor Management
  • WinnCompanies
  • Wolff Company
  • Yule Development

New York Multifamily Online Conference 2020 Agenda

September 29 – October 9, 2020

Schedule of Online Sessions

Tuesday, September 29
1:00 PM – 2:00 PM EDT

New York Multifamily Check-Up: Five Borough Market Data Presentation

Join the opening session to get the latest data on transactions, financing velocity, rents and new development pipeline, comparing and contrasting trends across the Tri-State area with key comparable apartment markets across the country. Learn how New York City multifamily stacks up to other markets and how everything from COVID to rent control is affecting key metrics that multifamily investors, owners and developers need to make decisions.

Tuesday, September 29
2:00 PM – 3:00 PM EDT

Welcome Reception

This 45-minute networking opportunity allows you to connect with multifamily investors, owners and operators, as well as industry professionals. Break through the virtual wall to make new connections and re-ignite existing business relationships.

Wednesday, September 30
9:00 AM – 10:30 AM EDT

Private Roundtable for Multifamily Operations Leaders

This 90-minute online session is exclusive to senior decision makers responsible for operating multifamily properties.

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

Wednesday, September 30
1:00 PM – 2:00 PM EDT

Multifamily Investment & Development Outlook in New York City and across the Tri-State area

We are in unprecedented times. The trifecta of rent control, anti-developer sentiment and COVID have created a perfect storm that has hit New York multifamily harder than a hurricane. By some estimates, rents have dropped by 20 or 30% for some unit types. Combined with social unrest, eviction moratoriums and rent strikes, 2020 feels like a do-or-die moment for many apartment building owners. What are top owners, investors and developers doing to address today’s challenges?

  • How have rental rates, rent payments and occupancy held up since March?
  • How is unemployment affecting the outlook for the apartment industry across the five boroughs, Westchester, Long Island, New Jersey and Connecticut?
  • Which areas across the region are suddenly more attractive in light of the pandemic?
  • What is the state of multifamily investment and development activity and pipeline?
  • 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?
  • How are top developers innovating and changing up their plans in light of the current situation?

Thursday, October 1
1:00 PM – 2:00 PM EDT

Multifamily Finance & Investment in a Changed World

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. Lenders as well are starting to re-engage at acceptable LTVs, but how have valuations been impacted?. 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.

  • 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?

Friday, October 2
1:00 PM – 2:00 PM EDT

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 generators
  • Discover how you can monetize your apartment property rooftops with the 5G cell site installations

Presented by:

  • Mike D’Onofrio, Managing Director, Engineered Tax Services

Monday, October 5
1:00 PM – 2:00 PM EDT

Mid-market and luxury condo development, conversions and sales

With many New Yorkers fleeing the City and a glut of luxury condos on the market, one would think that the for-sale residential market activity would be completely dead, but recent transactions, acquisitions and development plans tell a different story. Many condo developers and converters remain active, although perhaps with more conservative business plans, banking on the perennial attraction of the City. In this session, we take a deep dive into the activity, pipeline, sales data and forecasts that tell the story of where the residential condo market is today and where it’s headed.

  • How big is the shortfall between demand and supply?
  • What are the new metrics and benchmarks for pricing?
  • How are new second home tax laws likely to affect transactions and buyer interest?
  • Which neighborhoods and submarkets around the Tri-State area are doing best?
  • In what ways are condos being promoted / sold differently in today’s market?
  • How do the condo vs rental business models compare today?

Tuesday, October 6
1:00 PM – 2:00 PM EDT

Keynote: Daryl Carter, CEO, Avanath Capital

Daryl J. Carter is the Founder, Chairman and CEO of Avanath Capital Management, an investment firm that acquires, renovates, and operates apartment properties, with an emphasis on affordable and workforce communities. Mr. Carter directs the overall strategy and operations of Avanath. Since its formation in 2008, Avanath has acquired $1.5 billion of properties in 12 states in the U.S., comprising 8,000 apartment units, including 28 multifamily properties in New York and New Jersey. Come hear from Daryl how he views the Tri-State markets and where his firm sees future opportunity.

Tuesday, October 6
2:00 PM – 3:00 PM EDT

VIP Networking Reception

Reserved for select multifamily principal attendees, speakers and conference sponsors, this special VIP reception allows industry leaders to connect directly.

Wednesday, October 7
9:00 AM – 10:30 AM EDT

Private Roundtable for Multifamily Leaders

This 90-minute online session is exclusive to multifamily organization leaders. 

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

Wednesday, October 7
1:00 PM – 2:00 PM EDT

Property Management Technology and Innovation in a Time of Crisis

Amid the Coronavirus pandemic, many nice-to-have technologies and processes have suddenly become requirements to safe operations. Remote management, smart locks, contactless leasing, AI leasing associates, internet-enabled security systems, online apartment marketing have been thrust to the forefront of what operations leaders need to evaluate and implement now or in the near future. In addition, key data tools to stay on top of rents and concessions are proving invaluable to maximize rents and occupancy. What tools are leading edge firms implementing in urban and suburban environments for their properties to attract and retain high quality tenants while keeping everyone including staff safe?

  • What strategies are savvy landlords using to lease up new / vacant units?
  • Which suppliers are reliable sources of PPE equipment?
  • What contactless technology is working well for leasing as well as management?
  • How do operators best keep track of competitors’ concessions and rents in a rapidly changing market?
  • How can amenities access be allowed while minimizing the danger of infections?
  • How has online marketing of units changed in the current market?
  • Which recent changes to property management are likely to be permanent?

Thursday, October 8
1:00 PM – 2:00 PM EDT

Updated Value-Add Strategies to Rethink the Buy-Rehab-Sell Game

With the buy-and-upgrade strategy now in grave jeopardy due to recent rent laws, one of the most important business models in the multifamily industry has been upended, at least in New York. Passing upgrade costs on to future tenants and vacancy decontrol are no longer viable methods to create value, but that doesn’t mean there aren’t alternative strategies and locations where multifamily value-add rehab still makes sense. How are top value add investors and operators changing their game in light of these conditions?

  • How are buyers finding and funding new deals in and around the Tri-State area today?
  • Where outside of the New York area are investors now actively acquiring?
  • In what ways has the risk profile of acquiring older properties changed?
  • 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?
  • How can energy incentives and programs be used to reduce costs and improve NOI?
  • What rehab projects still make sense even if you cannot immediately pass on the cost to renters?

Thursday, October 8
2:00 PM – 3:00 PM EDT

Networking Reception

This 45-minute networking opportunity allows you to connect with multifamily investors, owners and operators, as well as industry professionals. Break through the virtual wall to make new connections and re-ignite existing business relationships.

Friday, October 9
1:00 PM – 2:00 PM EDT

Multifamily Regulations and What You Can Do About Them

In June of 2019, the state passed the Housing Stability and Tenant Protection Act of 2019, severely restricting landlords’ ability to increase rents to pay for the costs of unit renovations and building improvements. CHIP NYC’s recent survey of its members shows that 69 percent of building owners have responded to the new law by limited investments in apartment upgrades by more than 75 percent. Add to this, various executive orders including eviction moratoriums, and the outlook for the local apartment industry appears bleak. As a result, valuations for apartments have dropped 10% from the summer of 2019 to the summer of 2020. What does the future hold and how can we collectively fight anti-landlord legislation and executive orders?

  • What regulations are currently in force and how they affect multifamily?
  • What is the status of the court system and how will this impact landlord-tenant cases?
  • What do you do about tenants who stopped paying and won’t communicate?
  • What are the best strategies to handle rent payment delays, defaults and disputes?
  • How are top owners changing their strategies in light of the regulations?
  • What is the industry doing to combat these regulations and how can you help?

Sponsors

Sponsors of the New York Multifamily Summit are typically industry leading consultants, vendors, and service providers looking to secure new business from medium to large sized multifamily investors, owner, managers and developers.

BBG
Bright Power
ETS
Spot On Networks

Get Involved!

Samantha Williams
Event Director
sam@greenpearlevents.com

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