Real Estate Development & Land Acquisition
Interactive discussion with audience participation focusing on real estate development & land acquisition opportunities. With light at the end of the tunnel, how will developers react to the impact from the COVID-19 pandemic.The expert panel will explore how they are currently reacting to the crisis and what their plans are moving forward. A candid discussion on location and the best types of real estate opportunities to develop today. Investors want to know where the equity is coming from and what the projected IRRs are for these upcoming projects. We look forward to a high level discussion while getting deep into the details of development and land acquisition.
- What is your personal outlook on how COVID-19 will ultimately affect the various real estate verticals?
- Will there be permanent changes to the market or the industry?
- Which markets will see the most change?
- How are you handling projects currently under construction?
- What lessons did you learn from past recessions and how did they shape how you’re handling today’s crisis?
- Have you learned any lessons from the COVID-19 crisis?
- What steps have you taken to position yourselves and your companies to emerge from the crisis when we can get back to work?
Event Recording
Real Estate Development & Land Acquisition
Speakers
Elizabeth Furber
- Title
- Managing Partner @
- Company
- High Street Advisors, LLC
- Role
- Moderator
Elizabeth Goin Furber’s professional career spans more than 25 years in the investment industry. She is Managing Partner and Founder of High Street Advisors, a consulting and marketing firm servicing hedge funds and private equity funds. Prior to HSA, she was a Vice President in the Investment Services Group at Donaldson, Lufkin & Jenrette. Before joining DLJ, she was a Vice President at Kidder, Peabody & Co. in Private Wealth/Middle Market Institutional Sales, Derivatives Trading, IT, and Internal Audit. She began her career as an Associate in Mortgage-Backed Securities Research at Goldman, Sachs. Liz has held various industry group positions including Secretary of the NY Financial Analysts and Money Managers Society. She graduated summa cum laude with a B.S. in Computer Science from Manhattan College and was a Stern Scholar at NYU Stern School of Business where she received an MBA in Finance.
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.
Artem Milinchuk
- Title
- Founder & CEO
- Role
- Panelist
Artem has over 10 years of finance experience in food, agriculture, and farmland. Prior to founding FarmTogether, Artem was employee #1 and CFO/VP of Operations at Full Harvest Technologies, a now post-Series A B2B platform for buying and selling produce. He previously worked at Ontario Teachers' Pension Plan, Sprott Resource Holdings, E&Y and PwC. Artem holds an MBA from The Wharton School, and a BA and MA in Economics from the Higher School of Economics.
Federico Cerdas
- Title
- Co-Founder @
- Company
- Cobra Development Fund
- Role
- Panelist
Mr. Cerdas is a Mexican businessman who founded Global Businesses Inc. in 2002, and CRDS Holdings in 2016. He was also the co-founder of Cobra Development Fund in 2018. All are leading Real Estate companies in Mexico that generate more than 1,000 direct jobs. He holds a Bachelor’s Degree in Mechanical and Electrical Engineering by Instituto Tecnológico de Monterrey as well as a Master’s Degree in Business Management by the IPADE. He is a graduate of the University of Stanford’s Construction, Engineering, and Management program. He stands out in the business environment, as his strategic approach is that companies should be at the service of people, families, and the communities where they are established. Mr. Cerdas considers that organizational talent is the core added value of any company regardless of its size, segment or industry; thus, providing them with a unique competitive advantage. He continuously takes part in the most important forums of his sector in cities such as, New York, San Francisco, Miami, London and Mexico City, among others. He also makes editorial contributions to different media in Mexico and abroad.
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.
About
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.
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.
High Street Advisors, LLC
High Street Global Advisors (HSGA) is an investment banking and strategic advisory firm that believes targeted and measured focus drives business success. We provide informed and objective advice to organizations in the telecommunications and technology industries on strategic and financial matters that impact their ultimate success. We employ a consultative approach and measure outcomes by what we achieve with our clients.HSGA is based in Boston, and our team has experience delivering projects globally throughout North America, Latin America, Europe, the Middle East and Asia.
Cobra Development Fund
Cobra is a real estate development company investing in residential for sale, multifamily and mixed use real estate projects for sale throughout Mexico with an attractive adjusted risk return for its investors. As a vertical integrated company we optimize our operational processes thus shortening pre development, construction and commercialization times. Our residential strategy is focused on the development of small- to medium-size projects (20 to 100 units) in Mexico City and its metropolitan area catering to its growing middle-class sector. We also develop commercial mixed use retail office and residential projects in all major cities. With 100+ completed projects in our 18-year experience, we deliver results for our investors year after year.