Opportunities in Mixed CRE
With many headwinds storming the commercial real estate market, its landscape will never be the same as before. In this panel, industry experts will discuss the impact of global pandemic in each of the sectors, the timing of potential recovery, and unique opportunities presented for investors to bring the combination of capital and knowledge to this industry.
- The overall current status
- What does returning to normal in 2021 look like?
- 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
Opportunities in Mixed CRE
- NPL Strategy Business PlanDECK_First_Lien_Investment.pdf14 MB
Speakers
Michael Corcelli
- Title
- Managing Member @
- Company
- FLAIA
- Role
- Moderator
Mr. Corcelli is the Founder & Chairman of the FLAIA and has played a critical role in stablishing the vision and building the management team for the FLAIA. In addition to his work with the FLAIA, he is a Managing Partner at Alexander Alternative Capital, LLC based in Miami. Prior to joining Alexander Alternative Capital, Michael worked for UBS AG where he was responsible for portfolio management and tactical asset allocation for private clients of UBS Global Wealth Management & Business Banking. Michael holds a Bachelor of Science degree from the University of Miami where he studied Business with a focus in Finance.
Bharat Sangani, MD
- Title
- Chairman & Founder @
- Company
- Encore Enterprises
- Role
- Panelist
Dr. Bharat Sangani, Founder and Chairman of Encore Enterprises, co-founded the firm in 1999 as a vehicle for investors to share in the success of his real estate deals. In 1991, “Doc,” as he is known by both clients and co-workers, made his first investment in real estate, transforming a failing hotel in Gulfport, Mississippi. Doc quickly learned he has a natural instinct for real estate investing and began growing his portfolio. Over the nearly 30 years that followed, Doc has established a successful real estate investment and development firm with a proven track record across various sectors and multiple market cycles throughout the United States. He is responsible for more than $2.7 billion in real estate transactions for Encore and oversees every aspect of the business, from operations to financial management. Admired for his relentless work ethic, Doc, along with a team of experienced, results-driven, and forward-thinking individuals, leads Encore on the principles of honesty, integrity, and fairness. He is an active contributor to the community and is involved in various charities both locally and in India.
Eric Berman
- Title
- Chief Investment Officer @
- Company
- Lifeafar Capital
- Role
- Panelist
Eric Berman is the Chief Investment Officer of Lifeafar Capital. He oversees investment strategy including acquisitions and development, and plays a key role in leading Lifeafar Capital’s hospitality initiatives.
Eric has spent his career working with a diverse base of investors, owners, lenders and developers of hotel and mixed-use real estate assets. Along the way, he has advised on more than $2 billion of hotel and real estate transactions throughout the U.S. and Latin America. The experiences Eric brings to Lifeafar Capital will be instrumental in the continued success and global expansion of the company.
Eric joined Lifeafar Capital in 2018 following over four years with Berkeley Research Group, where he helped pioneer the firm’s hospitality advisory group and expand its corporate finance efforts in Latin America. He began his career at Deloitte & Touche, LLP, where he provided accounting and advisory services for clients in the financial services, banking, real estate and retail industries, focusing on companies with an aggregate of more than $180 billion in assets and over $10 billion in annual revenues. During his professional career, he has held positions in destinations including New York and Miami, as well as Colombia, Panama, and Mexico.
Born and raised in Philadelphia, PA, Eric was educated at Penn State University – Smeal College of Business, where he earned a bachelor’s degree and a master’s degree in accounting. He has been a licensed Certified Public Accountant since 2013 and holds a certificate in hotel real estate investment and asset management from Cornell University.
Gideon Pfeffer
- Title
- CEO & Managing Partner @
- Company
- GSH Group
- Role
- Panelist
Gideon serves as the CEO and Managing Partner and is responsible for strategic partnership initiatives and ventures, equity and debt opportunities, overseeing investment performance, and approving decisions on investments and acquisitions. He also oversees daily operations. Under Gideon's leadership and direction, in the last four and a half years, the GSH Group has raised and placed over $225 million of equity and assembled a portfolio of over 6,000 apartment units in five states, worth over a billion dollars.
Gideon has been featured in INC. Magazine and was selected as one of dBusiness Magazine’s “30 in their 30s” honorees in 2017. He has served on various board and advisory roles for non-profit groups focused on community development and the revitalization of the City of Detroit. Having attended Syracuse University and as a recipient of various grants and scholarships, Gideon and his wife pay it forward by having created the Jaime and Gideon Pfeffer Scholarship Fund, created to support students in need attending Syracuse University.
Laurent Massa
- Title
- Family Office and Advisor Relations @
- Company
- Group RMC
- Role
- Panelist
Laurent represents Group RMC in both Canada and the United States. He is responsible for establishing, developing and maintaining relationships with Family Offices, Investment Advisors and Professional Athletes. Prior to this, for nearly a decade, Laurent serviced over 200 families by assisting them in all aspects of financial security, estate planning and investment advice at one of Canada’s top financial services offices. Laurent attended Concordia University in Montreal majoring in Economics.
Bill Bymel
- Title
- Managing Partner
- Role
- Panelist
With over two decades of experience in real estate, Bill Bymel has become known as a pioneer in the distressed debt space by creating a new paradigm for dealing with delinquent borrowers on residential real estate. His strategies and experiences personally overseeing the resolution of $250 million of NPL since 2009 are illustrated in Bill’s book WIN WIN REVOLUTION. Bill spent the last decade as a Senior Director, Signatory at Spurs Capital, a leading mortgage investment firm based in New York City. He recently founded First Lien Capital LP with a focus on NPL opportunities in both residential and small balance commercial real estate. As a Partner in Retail Sites International, a 40-year-old commercial real estate advisory firm based in South Florida, Bill’s clients included McDonalds, BJ’s Brewhouse, Darden Restaurants, and Family Dollar Stores. RSI Asset Management, founded in 2009, acts as a third-party asset and property manager for private equity funds or family offices that invest in Florida. He is a graduate of New York University, currently residing in Beverly Hills, California.
About
FLAIA
FLAIA is an open access platform of alternative investments for institutions, wealth advisors, family offices, RIAs, and accredited investors. General Partners gain access to a vertically integrated digital & traditional fintech marketplace. Investors gain access to special opportunities, educational webcasts and digital events. All of our digital events, educational content and alternative investment opportunities are available in one place under a single sign on.
Encore Enterprises
Founded in 1999, Encore is a vertically integrated, actively managed real estate investment and operating company focusing on value-added and opportunistic strategies throughout the United States. Operational excellence, combined with a commitment to disciplined investing, allows the company to capitalize on trends across all market segments, maximizing risk-adjusted returns for investors.
Since inception, Encore has completed more than $2.7 billion in real estate transactions with $1.3 billion in assets under management. Encore develops, acquires, and manages commercial real estate opportunities across the multifamily, hospitality, mixed-use retail, and office sectors, and has successfully operated fast-casual restaurants across the U.S.
GSH Group
The GSH Group is a privately held real estate investment firm specializing in the acquisition and management of multifamily residential properties in multiple markets that support economic stability, growth, and strong educational systems. Our growth-oriented strategy is a disciplined approach for acquiring and managing properties that fit our specific criteria. We carefully curate a portfolio of high cash-flowing opportunities for our investors. These properties are improved through simple and cost-efficient adjustments that are more predictable in scope and require less time to complete. GSH and its ESG-related Meadows brand focus on enhancing their communities with a concierge approach to improving their residents' lives while providing investors ethical and transparent communications with the opportunity to achieve superior returns on investments.
Lifeafar Capital
Lifeafar Capital is a boutique private equity and asset management firm focused on the acquisition and development of unique and bespoke luxury hospitality concepts for both multi-family and mixed-use real estate. We give individual accredited investors, family offices, and private funds the opportunity to partake in the ownership of real estate projects with a stable value proposition and a high potential for appreciation that have traditionally been reserved for large institutions.
Our principals and professionals are located in Miami, San Juan, Puerto Rico, and Medellín, Colombia. We collectively draw on an extensive and versatile foundation of experience in corporate finance, mergers and acquisitions, corporate law, investment advisory, and real estate development and operations to unlock value for our investors in opportunistic, value-add, or distressed asset deals.
Group RMC
Group RMC is a real estate Co-Investment group based in New York, Montreal and Columbus that invests in and is the general partner in undervalued income-producing office properties in non-gateway U.S. markets. Group RMC currently oversees over 21M square feet in the US, principally in the Midwest, representing over USD $2.5 Billion in asset value.