Capitalizing on Real Estate Opportunities in a Post Pandemic World
The Covid-19 pandemic has created an environment of uncertainty and increased speculation about the future of the real estate market. In an effort to identify opportunities and take advantage of the pricing dislocation in the multifamily sector, Apex One Investment Partners and Balfour Beatty Communities have created a proprietary database designed to understand and identify which markets could emerge and surge following the pandemic.
- Shaping expectations in a Post Pandemic Multifamily Investment market
- Characteristics of Faster Recovery Markets and Markets with a longer recovery period
- Identifying and Analysing Multifamily Markets
Event Recording
Capitalizing on Real Estate Opportunities in a Post Pandemic World
Speakers
Ernest Johnson
- Title
- Executive Managing Director @
- Company
- ApexOne Investment Partners
- Role
- Speaker
Ernest is an Executive Managing Director with ApexOne Investment Partners, a private equity firm investing in the multifamily sector. Ernest focuses on capital markets, fund strategy, financial administration, and investor communications. Ernest has extensive real estate experience with some of the industry-leading firms, including 17 years with PM Realty Group and 10 years with JMB Property Company.
Immediately following graduation from college, he managed a national multifamily student housing portfolio and was responsible for all facets of operations, including acquisitions, dispositions, construction, and finance.
Ernest is actively involved with National Multifamily Housing Council. He serves on the Advisory Council for Auburn University’s Master of Real Estate Development program and is also on the University of Florida’s Bergstrom Real Estate Center Advisory Board. Ernest previously served as the Chairman of the Board of Trustees for the Lone Star Chapter of the National Multiple Sclerosis Society and has been inducted into the MS Society’s National Fundraising Hall of Fame. Ernest graduated with a Bachelor of Science in Business Administration from Auburn University (1980).
Aaron Cardwell
- Title
- Senior Managing Director @
- Company
- Berkadia
- Role
- Speaker
Aaron is an experienced buy-side banker focused solely on commercial real estate transactions. His areas of expertise include Acquisition Advisory, GSE Lending (FNMA, FHLMC, HUD), Life Company Lending (33 correspondents), Securitized Lending, Bridge Lending, Preferred Equity Investment, and JV Equity Investment. His practice focuses largely on regional middle market Sponsors with some institutional coverage.
He began career with Berkadia (including predecessor companies) in 1998. Since that time he has been a member of deal teams responsible for over $2.9 Billion of closed transactions and has personally lead-managed the origination of over $1.5 Billion of debt or equity investment. No transaction originated by Aaron has ever resulted in any principal loss or equity impairment. He was awarded his company's “Rising Star” award in 2007. He was the top production officer on the Chicago team for 2010, 2013, and 2015; and the top production officer in the Scottsdale office for 2017, 2019, and 2020. Aaron is a graduate of the University Illinois at Urbana Champaign.
Mike Price
- Title
- Senior Vice President, Residential Transactions @
- Company
- Balfour Beatty Communities
- Role
- Speaker
Michael Price is Senior Vice President, Residential Transactions, with responsibility for the evaluation and coordination of multifamily acquisitions and ground-up development opportunities. He specializes in evaluating and structuring real estate transactions, as well as implementing strategies to optimize the Company’s real estate portfolio. Prior to his current role, Mr. Price worked in the Company's finance and asset management division, where he was a key member of the team managing projects to design, build, renovate, finance and operate military and student housing through partnerships with various entities. Mr. Price has more than ten years of experience in the real estate industry with a focus in finance, asset management and property management, having held previous roles in the student housing division for GMH Communities Trust. Prior to that, Mr. Price was part of the financial and market analytics team at Jones Lang LaSalle.
About
ApexOne Investment Partners
ApexOne Investment Partners, LLC, a Texas limited liability company, is headquartered in Houston, Texas, with offices in Chicago, Illinois, Boca Raton, Florida, and Phoenix, Arizona, and, together with its affiliates, has substantial experience in real estate acquisition, syndication, financing, development, and disposition, as well as real estate transaction management. James A. Hearn, Ernest Johnson, Tim Burns, William Saul, and David Steele are the principals of ApexOne (the “Principals”).
Following on the success of ApexOne Growth & Income Fund I, LP, a Delaware limited partnership (“Fund I”), ApexOne Growth & Income Fund II, LP, a Delaware limited partnership (“Fund II”), and ApexOne Multifamily Fund III, LP, a Delaware limited partnership (“Fund III”), ApexOne has formed ApexOne Multifamily Special Situation Fund IV, LP, a Delaware limited partnership (the “Partnership”), to make investments in direct and indirect equity interests in multifamily residential properties, including those requiring capital infusion, repositioning, post-development leasing or which may be subject to a distressed sale, as well as indebtedness secured by such multifamily residential properties.
ApexOne Investment Partners has acquired 46 properties and invested over $1.5B in workforce and student housing communities over the last seven years. ApexOne prides itself on providing excellent living environments to its residents, high returns, and transparent communications to its investors while reducing the environmental impact of their properties. Their fund level returns on fully cycled properties have averaged over 28% and Over 94% of ApexOne’s investors have repeatedly invested in all three of their Funds.
Balfour Beatty Communities
Balfour Beatty Communities is a diversified real estate services company delivering acquisition, management and renovation services in the multifamily, student and military housing sectors. A leader in the industry for more than 20 years, our residential portfolio currently consists of more than 50,000 units and $6 billion in real estate assets under management. Since our inception we have developed or renovated more than 31,000 units with a total value approaching $4 billion. Our reputation is built on the hallmarks our clients, partners and residents have come to rely on: deep industry expertise, industry-leading practices, consistent results and an unwavering commitment to exceptional customer service.
Berkadia
Berkadia was formed in 2009 as a joint venture between Berkshire Hathaway and Leucadia National Corporation (now Jefferies Financial Group). With over $25 Billion in annual investment origination Berkadia is a leader in the commercial real estate industry, offering a robust suite of services to their multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, Berkadia’s people sell, finance, and service commercial real estate, providing support for the entire life cycle of their clients’ assets. Berkadia’s unique ownership structure allows them to put their clients’ interests first and create a marketplace that delivers a superior experience. Berkadia is the largest non-bank commercial loan servicer in the US and a perennial top originator of GSE (Fannie Mae, Freddie Mac, HUD) and life insurance company loans.