Class B and C properties have in many areas been hit hardest by unemployment and non-payment of rent, and with cessation of the $600 per week unemployment stimulus payment, the situation may get worse. 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 buyers finding and funding new deals in Northern California 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 contactless technologies suddenly make a lot more sense to incorporate into refurbished properties?

Moderator:

• Steven J. Seligman, FVP & Regional Manager, Marcus & Millichap

Panelists:

• David Feinberg, CIO, Sack Properties
• Kevin Guibara, President, Silicon Valley Real Estate Investments
• Al Pace, CEO, Pacific Urban
• Jackie Todesco, SVP – Asset Management, AvalonBay Communities
• Peter Wilson, President, PTLA Real Estate Group

Samantha Williams
Event Director
sam@greenpearlevents.com