Commercial Real Estate – Outlook for 2021
With many headwinds facing the commercial real estate market, the landscape will never be the same. In this panel we will explore how the operators are planning to adapt to the digitization of operations and uncertainty in government eviction policies–while ensuring the health of their tenants.
- What does returning to normal in 2021 look like?
- How are you planning for the extension of possible eviction moratoriums?
- What new opportunities are you seeing in 2021 that did not exist previously?
- What demographic shifts are you witnessing in your target market?
- What makes this still an attractive asset class for investors?
Event Recording
Commercial Real Estate Outlook for 2021
Speakers
Matthew I. Kramer
- Title
- Partner @
- Company
- Weinberg Wheeler Hudgins Gunn & Dial, LLC
- Role
- Moderator
Corporate transactional attorney with a focus representing owners, developers, buyers and distressed investors in a wide array of real estate transactions. Experience structuring mezz, private equity and EB5 transactions. Represent landlords and tenants on lease transactions. Experience with construction financing, code compliance, title, and corporate restructuring matters. Handle commercial foreclosures on behalf of servicers and lenders. Counsel start-up ventures and assist companies in the purchase and sale of assets.
Tony Barkan
- Title
- Founder, CEO and Managing Principal @
- Company
- Allagash Partners
- Role
- Panelist
Tony Barkan is the Founder, Managing Principal, and CEO of Allagash Partners. Prior to founding Allagash, from 2008-2015, Mr. Barkan was one of five Founding Principals and the Head of Commercial Real Estate at Seer Capital Management, an SEC-registered investment management company with $4 billion AUM. Mr. Barkan planned and executed Seer’s LMI workforce housing value-add strategy; developed and ran the second largest global CMBS B-Piece investment businesses, driving transactions on over $20 billion of US CRE properties; and structured and invested into significant Mezzanine Loan exposure. Prior to Seer Capital, from 2001-2008, Mr. Barkan built and ran alternative investment platforms at Clinton, Harbert, and Sailfish managing portfolios with peak investor equity over $1 billion, a peak long asset portfolio over $10 billion, and peak total market exposure of almost $20 billion while leading teams as large as 20 people.
Notably, Mr. Barkan was an early identifier of the real estate-led economic crisis and by the beginning of 2007 had migrated his hedge fund portfolio to be entirely short using real estate-backed credit derivatives . From 1997-2001, Mr. Barkan was a Senior Portfolio Manager and investment committee member at Pareto Partners (originally Forstmann-Leff). Mr. Barkan began his career trading a range of real estate, commodity, and currency products at Salomon Brothers, Goldman Sachs, and ED&F Man Group from 1988-1997 . Mr. Barkan supports Here Arts Center, Scholars at Risk, and CaringKind: The Heart of Alzheimer’s Caregiving. Mr. Barkan graduated from Princeton University where he was selected to the Honor Committee, and he is a member of the Triple Nine Society.
Nick Rojo
- Title
- Co-Founder and President @
- Company
- Affiliated Development
- Role
- Panelist
Nick Rojo is the Co-Founder and President of Affiliated Development. Mr. Rojo has more than 14 years of experience in the acquisition, finance, management, rehabilitation and development of residential and commercial real estate. Nick is a South Florida native and got his start in the real estate industry in 2006 as an investment banker at Wachovia Securities, where he focused on providing capital raising and advisory services to public and private homebuilders and developers. Nick gained experience working on a variety of transactions from traditional investment banking to real estate asset-specific transactions, and was afforded the unique benefit of structuring financings at the peak of the market cycle and then working with clients to restructure during the great recession. He left Wachovia to return to South Florida in 2009 to opportunistically acquire property at the height of the recession.
Lane Lowry
- Title
- Fund Manager @
- Company
- Acqua QOZ Portland
- Role
- Panelist
Lane has 31 years of experience in in all aspects of development from site analysis, acquisition, design, construction and lease up. Lane has completed hundreds of remodel, new home, apartment and new homebuilding communities including large land parcels for merchant home building.
About
Weinberg Wheeler Hudgins Gunn & Dial, LLC
Weinberg, Wheeler, Hudgins, Gunn & Dial, LLC is a full service law firm located throughout the Southeast and Nevada.
Allagash Partners
Allagash Partners offers institutional and HNW investors strategies focused on the wealth of opportunities within the US residential real estate market, stemming primarily from the longstanding, massive shortage in affordable working-class rental properties. These investments are currently being offered as both multi-property private equity real estate funds and as single property investments for compelling opportunities that do not fit within any current Fund’s mandate. The strategies are designed to be scalable and to consistently provide 15%+ net returns while also preserving investor’s capital. Allagash, through its subsidiary Allagash Opportunity Zone Partners which is in process of registering both with the SEC as an RIA and with the CDFI Fund at the Department of Treasury as a Community Development Entity, began active investment activities in 2019 with the Allagash Opportunity Zone CRE Fund I. The firm is now launching the Allagash Multifamily Opportunity Fund I, which seeks to opportunistically purchase, intelligently renovate, efficiently manage, and strategically sell underperforming working-class rental housing properties throughout the US. Allagash was founded by Tony Barkan who serves as Managing Principal and CEO and chairs the investment and operations committees. Allagash’s senior partners bring over 100 years of commercial real estate experience with particular expertise in working-class multifamily housing especially in secondary US markets, which Allagash believes can provide investment opportunities with outsized returns and moderate risk. Additionally, Allagash believes that projects which actively seek to provide a positive social impact should generate higher returns while presenting lower risk. As a result, Allagash seeks to work closely with communities into which it invests in order to understand their community development goals and methodologies for improving stability and resiliency.
Affiliated Development
Affiliated Development (“Affiliated”) is a regional real estate development and investment company headquartered in Fort Lauderdale, Florida with offices in West Palm Beach, Florida. The company was formed as a mission-based organization with the goal of building mixed-use multifamily developments to target unmet demand and underserved areas within the market. Affiliated works directly with communities to improve the quality and sustainability of housing stock for residents, resulting in the development of Class A luxury apartments at attainable rates. The greatest housing need in South Florida and many other metro areas is for quality workforce housing. Affiliated is addressing the demand by utilizing various public finance tools in order to bridge the gap and develop Class A housing at Class B rents. The Affiliated team has a track record of partnering with government agencies, community organizations and nonprofits, and has extensive experience in private and public finance, including TIF, TID, NID, LIHTC, tax exempt bond finance, HUD finance, CRA lending, agency finance, CMBA and local municipal finance. Affiliated’s pioneering efforts have reshaped communities and resulted in over $750M of investment nationwide.
Acqua QOZ Portland
QOZ Portland can provide Investors up to 101% Tax Savings in the First Year by Investing in Multifamily Real Estate in an Opportunity Zone Fund and pay No Tax When You Sell. Our combination of Tax Strategies allows investors to Grow Investments Tax Free for up to 27.5 Years.