2018 Program

Platinum

National Green

Chair's Reception

Gold

Monday, October 22, 2018

5:00 pm -
7:00 pm
CHAIR'S RECEPTION

An exclusive networking opportunity for all Forum registered delegates held at the Winter Garden - Jamieson Place. 


Tuesday, October 23, 2018

7:00 am
REGISTRATION & BREAKFAST

REGISTRATION SPONSORED BY: 

BREAKFAST SPONSORED BY: 


8:00 am
OPENING REMARKS

Introduction:
Chris Chornohos
, Director of Business Development, Chandos

Chair: 
Todd Cook
, President & CEO, Northview Apartment REIT


8:10 am
THE OUTLOOK FOR THE ECONOMIC LANDSCAPE IN CALGARY & ALBERTA

Although Alberta’s economy has been recovering over the past few years, the good news is that growth is on the horizon. The unemployment rate in Calgary has declined from 9.2% in 2017 to below 8%. Alberta’s GDP is forecasted to rise by 2.5% in 2018 – the second highest of any province. What are the implications of these trends for the strength and direction of Calgary’s economy going forward? How is Alberta expected to perform for the remainder of 2018 and into next year? 

Speaker: 
Derek Holt
, Vice President & Head of Capital Markets Economics, Scotiabank 

 
SPEAKER PRESENTATION - Click button to download presentation

8:45 am
UPDATE ON THE OIL & GAS MARKETS: A GLOBAL AND NATIONAL PERSPECTIVE

What is expected to happen with oil and gas prices over the course of 2019 and the foreseeable future? What impact will this have on oil and gas exploration in Alberta? This presentation will provide a strategic and insightful update on the predictions made in the past, where OPEC policies are likely to be heading next year, and other geopolitical and economic factors that can affect the hydrocarbon markets.

Jon Morrison

Introduction: 
Debbie RouillardRegional Vice President, Prairies, FCT

Speaker:
Jon Morrison
, Executive Director, Institutional Equity Research, CIBC Capital Markets

 
SPEAKER PRESENTATION - Click button to download presentation

9:15 am
KEYNOTE SESSION: PLANNING CALGARY’S GROWTH AND BUILDING ITS SUCCESS ONE STEP AT A TIME

As Calgary continues to recover, what important steps are being taken to facilitate growth and move the city forward? This session will examine some of the key economic engines that are contributing to recovering strength in this market. Following an opening presentation, two recent success story will be examined. Why did they choose to locate in Calgary and what influenced their decision to come to this city?

Court Ellingson

Tys von Gaza

Hanif Joshaghani

Speaker:
Court Ellingson,
Vice President, Research & Strategy, Calgary Economic Development

In-Conversation With:
Tys von Gaza,
Director, Software Development, Clio
Hanif Joshaghani, Co-Founder & CEO, Symend

 
SPEAKER PRESENTATION - Click button to download presentation

10:05 am
MORNING REFRESHMENTS

10:35 am
CONCURRENT SESSIONS (Select A1, A2, A3 or A4)
SESSION A1:
THE BRIGHT LIGHT: INSIGHTS ON CALGARY'S INDUSTRIAL MARKET? 

Optimism is strong in the industrial market where net absorption in the fourth quarter of 2017 was over 537,000 sq ft. – greater than the total results in 2015 and 2016 combined. While other asset classes are experiencing some challenges, what is contributing to the strength of the industrial market? What are the major factors responsible for the increased demand, e.g. legalization of cannabis, ecommerce? How much development activity is underway? Is there an emerging trend to build two storey structures?  What does the future hold for older industrial properties that do not easily meet the needs of today’s logistics market and may be facing obsolescence? How are municipal policies affecting the availability and cost of land and development?

Ryan Haney

Jordan Carlson

Jorden Dawson

Paul Derksen

Carla Fedele Muhlbeier

Moderator:
Ryan Haney,
Senior Vice President, Industrial, JLL

Panel:
Jordan Carlson
, Director, Investment, Anthem Properties Group
Jorden Dawson, Director, Industrial Development, Beedie
Paul Derksen, Senior Vice President, Industrial, Prairie Region, QuadReal Property Group
Carla Fedele Muhlbeier, Vice President, Western Canada Industrial, Choice Properties REIT

 
SPEAKER PRESENTATION - Click button to download presentation

SESSION A2:
IT’S WHAT’S ON THE INSIDE THAT COUNTS: ADAPTIVE REUSE, REPOSITIONING AND TRANSFORMATION OF VACANT SPACE

Perhaps one of the most serendipitous outcomes of the high vacancy rate in Calgary’s office market is the opportunity for landlords to have full access to their buildings and thereby renovate the space – something that is often difficult to do. Earlier this year, for example, Hines and Oaktree acquired Calgary’s First Tower and plan to reposition the property from Class B to Class A space.  Could adaptive reuse of underutilized stock potentially result in the transition of former office towers into residential uses? The repurposing of a building is a strategy that often requires some creative thinking. This session will examine how to determine the most cost-effective options, what role municipal policies may play in this process, and what are some examples of where these strategies were implemented.

Tracy Taylor Fullerton

Bruce Abugov

Syl Apps

Amie Blanchette

Ken Toews

Moderator:
Tracy Taylor Fullerton
, Managing Director, Calgary, Cushman & Wakefield

Panel:
Bruce Abugov
, Principal, Abugov Kaspar Architecture Engineering Interior Design
Syl Apps, Managing Director, Hines
Amie Blanchette, Manager, Partnership Services, Planning & Development, City of Calgary
Ken Toews, Vice President, Development, Strategic Group

 
SPEAKERS PRESENTATION - Click button to download presentation

SESSION A3:
CREDIT AND DEBT MARKETS IN A RISING INTEREST RATE ENVIRONMENT: DO LENDERS STILL HAVE RISK CONCERNS ABOUT CALGARY? WHAT LIES AHEAD?

A panel discussion on the debt market and what borrowers can expect for 2019 and beyond. Who are the major sources of debt and equity financing in Calgary? What are current pricing and underwriting trends? Will they possibly change in 2019? How are lenders assessing risk and stress testing transactions? To what extent do lending strategies vary among banks, credit unions, lifecos, MICs, and other sources? Are there any property classes that they are avoiding, reducing exposure to, or increasing pricing for? Case studies of actual transactions will also be examined during the discussion.

Kyle Edwards

Kasey Chauhan

Gareth Edwards

Eric Horie

Chris Hudson

Moderator:
Kyle Edwards
, Director, Mortgage Origination, Calgary, Canada ICI Capital Corporation

Panel:
Kasey Chauhan
, Vice President, Origination Commercial Finance Group, Equitable Bank
Gareth Edwards, Manager, Commercial Real Estate, First Calgary Financial
Eric Horie, Senior Vice President, Origination, Trez Capital
Chris Hudson, Vice President, Finance, Western Canada, Harbour Mortgage Corp.

 
SPEAKERS PRESENTATION - Click button to download presentation

SESSION A4:
UPDATE ON THE CALGARY RESIDENTIAL MARKET: FROM RENTAL APARTMENTS TO CONDOMINIUMS

This session will examine the Calgary housing market, specifically multi-residential, and condominiums. The discussion will open with an overview of homeownership and rental demand.  What direction are they heading? What are the implications for rental rates and home prices? How much purpose-built apartment construction is underway? How strong is investor interest in Calgary rental assets? What are the levels of absorption in the condominium market? Where is it heading? On the outskirts of the city and in the RMs, how much housing development is underway? What is the outlook for this segment of the market? 

Harvey Russell

Mike Bucci

James Ha

Kimberly Poffenroth

Michael Smith

Moderator:
Harvey Russell
, Vice President, Multi-Family & Land, CBRE Limited

Panel:
Mike Bucci
, Vice President, Development, Bucci Developments
James Ha, Vice President, Finance & Investor Relations, Boardwalk REIT
Kimberly Poffenroth, Vice President, Business Development & Market Analyst (Alberta), Urban Analytics
Michael Smith, Senior Vice President, Multi-Family, ONE Properties

 
SPEAKER PRESENTATION - Click button to download presentation

11:35 am
CONCURRENT SESSIONS (Select B1, B2, B3 or B4)
SESSION B1:
WHY DEVELOPMENT ACTIVITY CONTINUES TO MOVE AHEAD:  CASE STUDIES OF A CROSS-SECTION OF PROJECTS

Notwithstanding the sluggish office market and economic softness of the past few years, development activity carries on in various parts of Calgary.  The session will examine a number of projects to determine the primary market fundamentals and other factors responsible for these developments, and how they will impact the city over the next few years or longer.  With various station plans for the future Green Line underway, how much transit-oriented development is there likely to be?  Discussion will include: projects where the city has been the catalyst such as the Rivers Districts’ Victoria Park that could see up to 4M sq.ft. of mixed use development in the next 20 years; the 84-acre master planned West District with about 2700 units and 5500 jobs in office and retail; continued evolution of 17th Ave in the Beltline; and the continued activity in the “established areas” of the city like Kensington.

Chris Ollenberger

Michael Brown

Frank Lonardelli

Chris Pollen

David White

Moderator:
Chris Ollenberger
, Managing Principal, QuantumPlace Developments Ltd.

Panel:
Michael Brown
, President & CEO, Calgary Municipal Land Corporation
Frank Lonardelli, Founder & CEO, Arlington Street Investments
Chris Pollen, Director, Sales & Marketing, Battistella Developments
David White, Principal, CivicWorks


SESSION B2:
HOW ARE VARIOUS ADVANCES IN TECHNOLOGY TRANSFORMING REAL ESTATE?

Using augmented reality to design buildings and lease space? Paying with cryptocurrency through a blockchain? Designing your new development or repurposing your property as a smart building? This panel will examine several key trends:  why is co-working growing in popularity and what is its impact on traditional office space; what technologies are reaching levels of market disruption and transformation; and what are the most likely ways in which innovative technology is going to impact real estate, often referred to now as PropTech? What are major elements within Calgary that are facilitating technological innovation?

Elena Dumitrascu

Peter Garrett

Jeff LaFrenz

Todd Nishimura

Moderator:
Bob Taylor
, Partner, Restructuring Services, Financial Advisory, Deloitte

Panel:
Elena Dumitrascu
, Co-Founder & Chief Technology Officer, TerraHub
Peter Garrett, Associate Vice President, Research, University of Calgary and President & CEO, Innovate Calgary
Jeff LaFrenz, President & CEO, VizworX
Todd Nishimura, Director, Marketing, Vertica Resident Services, GWL Realty Advisors

 
SPEAKER PRESENTATION - Click button to download presentation

SESSION B3:
THE CONTINUING EVOLUTION OF THE RETAIL MARKET IN CALGARY: THRIVING OR SURVIVING?

The disappearance of department stores (Target and Sears) and other retailers is part of the continuing evolution of this property class. Technology has had an impact on retailers and brands over the last decade, and the pace of this change shows no sign of slowing.  However, while some retailers are gone, others are moving into Calgary (Uniqlo, Miniso, luxury retailers), expanding their presence, or executing strategies that respond to the growth of online shopping. How are brick and mortar retailers reinventing themselves to maintain and grow market share?  From the opening of the New Horizon Mall to the massive mixed-use retail project in Rocky View, new developments continue to emerge. Calgary Co-op is embarking on a $1B+ investment program to expand its retail operations in the city. Are two of the factors the projection of sustained economic growth over the next few years and demand driven performance? How will the legalization of cannabis affect the retail environment?  How is the retail sector in Calgary reacting and adapting to the evolution of the market? 

Clint Elenko

John Ballantyne

Ryan Darragh

Chuck Neufeld

Darryl Schmidt

Moderator:
Clint Elenko
, Vice President, Western Canada, CT REIT

Panel:
John Ballantyne
, Senior Vice President, Asset Management, RioCan REIT
Ryan Darragh, Vice President, Leasing & Development, Ronmor Developers Inc.
Chuck Neufeld, Store Development Manager, Western Canada, Starbucks Coffee Canada
Darryl Schmidt, Vice President, National Leasing, The Cadillac Fairview Corporation Limited


SESSION B4:
EXPANDING THE SCOPE:  HOW ARE SECONDARY MARKETS OUTSIDE OF CALGARY PERFORMING?

Notwithstanding the economic issues, Calgary was still Canada’s fastest growing metropolitan area based on the 2016 census and is now the 4th largest CMA in the country. This session will examine the various municipalities that surround Calgary along with communities within some proximity of the city. What is the level of real estate activity in these markets? The City of Airdrie – just six kilometres north of Calgary’s city limits – is poised to reap the benefits of growing demand for residential and industrial land in the region.  What developments are on the horizon for adjacent communities such as Balzac, Cochrane, High River and Rocky View?  Looking further North, what interest is there in Red Deer and Medicine Hat? Are investors and developers active in these areas or keeping an eye open for emerging opportunities? 

Kevin Morgans

Jeff Hyde

Cory Innes

Adrian Munro

Ryan Sawatzky

Moderator:
Kevin Morgans
, Principal, Capital Markets Group, Avison Young

Panel:
Jeff Hyde
, Senior Vice President, Development, Prairies, QuadReal Property Group
Cory Innes, President, Bedford Commercial Developments Ltd.
Adrian Munro, President, Highfield Investment Group
Ryan Sawatzky, Partner, Developments 2 Inc.


12:25 pm
RECEPTION AND  LUNCHEON

RECEPTION SPONSORED BY: 

LUNCHEON SPONSORED BY: 


1:20 pm
UPDATE ON THE CALGARY OLYMPIC BID

Introduction:
Randy Kraft
, Partner, KPMG Canada 

Speaker:
Scott Hutcheson
, Executive Chair, Aspen Properties & Chair, Calgary Olympic Bid Corporation

 
SPEAKER PRESENTATION - Click button to download presentation

1:35 pm
KEYNOTE INTERVIEW: WHERE IS THE CONTINUING EVOLUTION AND GROWTH OF CALGARY HEADING? IN CONVERSATION WITH A TITAN OF INDUSTRY

Hal Kvisle

Scott Hutcheson

Speaker:
Hal Kvisle
, Chair, ARC Resources Ltd., former CEO, Talisman Energy and former President & CEO, TransCanada Pipelines

In Conversation with:
Scott Hutcheson
, Executive Chair, Aspen Properties & Chair, Calgary Olympic Bid Corporation


2:30 pm
CONCURRENT SESSIONS (Select C1, C2, C3 or C4)
SESSION C1:
INVESTOR INTEREST IN CALGARY: WHO WANTS TO INCREASE THEIR PRESENCE IN THIS MARKET? IS IT ATTRACTING MIGRATORY CAPITAL? 

An insightful discussion about investment activity in the Calgary market. The session will open with a brief overview of some of the bellwether transactions over the past twelve months. The panel will address a range of questions including: What have been the major challenges facing investors trying to buy assets in Calgary? How much migratory capital is making its way into this market from BC, Ontario or other origins? Which property classes and what quality of assets are most strongly favoured by investors? Who has the strongest interest in the Calgary market, e.g. pension funds, lifecos, investment funds, REITs or private investors? How does the investment market in Calgary compare with other Canadian cities? Where will cap rates likely be in 2019 by property class?

Fraser Dyer

Brian Bastable

Ugo Bizzarri

Eric Carlson

Jaime McKenna

Moderator:
Fraser Dyer
, Director, General Manager, Research, Valuation & Advisory, Altus Group

Please click here to request a copy of the presentation. 


Panel:
Brian Bastable
, Chief Operating Officer, Slate Asset Management LP
Ugo Bizzarri, Senior Managing Director, CIO & Global Head of Direct and Debt Investments, Timbercreek
Eric Carlson, Core Founder & CEO, Anthem Properties Group
Jaime McKenna, Chief Investment Officer, Minto Apartment REIT


SESSION C2:
FROM DOWNTOWN TO THE SUBURBS: WHAT DOES THE FUTURE HOLD FOR CALGARY’S OFFICE MARKET?

Calgary’s office market has always been closely correlated to the cyclicality of the energy sector.  But has that meant that leasing activity has stopped? As tenants have more options and leverage, what are landlords doing to lease in this market environment? Are they diversifying their tenant mix or building’s amenities to cater to tech companies and other space users?  Has there been true migration to quality or are tenants solely looking at cost conservation? How can expectations be managed both for the ownership and client base? Is new business being attracted to Calgary as a result of the high vacancy rate? How strong is the demand for co-working space?

Todd Throndson

 

Dwight Jack

Rosalind McQueen

Darcy Payne

David Routledge

Moderator:
Todd Throndson
, Managing Director, Avison Young

Panel:
Dwight Jack
, Senior Vice President, Office Leasing, Brookfield Properties
Roslind McQueen, Leasing Executive, Westbank Projects Corp. 
Darcy Payne, Vice President, Leasing, Triovest Realty Advisors
David Routledge, Vice President, Real Estate Management West, Oxford Properties Group

 
SPEAKER PRESENTATION - Click button to download presentation

SESSION C3:
WINNING THE WAR FOR YOUNG TALENT AND THE NEW WORKFORCE: ATTRACTING, RETAINING, DEVELOPING & ENGAGING FUTURE LEADERS FOR YOUR ORGANIZATION

Talented professionals are the cornerstone of any successful business. With baby boomers increasingly retiring and a smaller (and often much more demanding) pool of talent in Gen Y and Gen X, organizations are trying to plan for succession, develop younger talent, and create a work environment that can win the next generation. How do you attract “best in class” employees who have appropriate skills to eventually fill mid and senior level jobs? In this session, four young generational leaders will offer their views of what attracted them to a career in real estate vs. opportunities in other sectors. What would make a millennial want to join and subsequently invest back into your company? How can you attract future leaders and maintain a talent pipeline for your company? How do you keep them engaged to ensure that they do not exit too soon? What values and new sets of skills will they bring into your organization? Why are diversity, inclusion, sustainability and other values key to attracting and keeping this generation of talent?

Greg Guatto

Delofante Atkins

Nicholas Earl

Brittany Marshall

Nolan Ritzel

Moderator:
Greg Guatto
, President & CEO, Aspen Properties

Panel:
Delofante Atkins
, Senior Manager, Learning & Inclusion, Matrix360
Nicholas Earl, Senior Associate, Colliers International
Brittany Marshall, Associate, Leasing, Oxford Properties Group
Nolan Ritzel, Associate, Borden Ladner Gervais LLP

 
SPEAKERS PRESENTATION - Click button to download presentation

SESSION C4:
TRANSFORMATION OF DOWNTOWN CALGARY: WHAT ARE SOME OF THE CURRENT AND POTENTIAL MAJOR TRENDS?

Notwithstanding the economic challenges of the past few years, major developments are still proceeding in the Calgary market. The revitalization of Calgary has begun, and the city has not shied away from telling the world that it is ready to be looked as a global stage.  Whether it be a bid as a host city for the 2026 Winter Olympics or a potential home to Amazon’s HQ2, the city has begun to put itself back into the ring.  Looking towards the downtown’s east side, how is the redevelopment of East Village continuing?  What does the city’s Entertainment Centre district comprise of?  What plans are underway to rejuvenate Calgary’s Stampede Grounds and the iconic Saddledome and BMO Centre?  What have been and will be the implications of these projects on the various real estate asset classes and in leading to other development activity nearby? What are the underlying fundamentals supporting these projects?  What will the ultimate vision be for downtown Calgary once major projects have been completed?

Randy Ferguson

Michael Brown

Marco De Iaco

Jim Laurendeau

Thom Mahler

Moderator:
Randy Ferguson
, Chief Operating Officer, Strategic Group

Panel:
Michael Brown,
President & CEO, Calgary Municipal Land Corporation
Marco De Iaco, Executive Director, Calgary Downtown Association
Jim Laurendeau, Vice President, Park Planning & Development, Calgary Stampede
Thom Mahler, Manager, Urban Strategy, City of Calgary

 
SPEAKERS PRESENTATION - Click button to download presentation

3:20 pm
AFTERNOON REFRESHMENTS

3:35 pm
CLOSING PANEL:
THE GAME CHANGERS: WHAT LIES AHEAD ON THE HORIZON?

Some cities experience major cycles of economic ups vs. downs and growth vs. stagnation.  How can a city adapt to the changing conditions to come out on top? Toronto went through a prolonged period of 20%+ vacancy in its downtown office market in the 1990s. How did that market finally overcome this situation? How do major national investors view Calgary under the current circumstances? Notwithstanding its economic challenges, Calgary is on the precipice of having major potentially game changing projects, either currently under construction, planned, or on the horizon that could change the course of the city.  Between the Olympic Bid, the Canderel/Tsuut’ina First Nations development in the Southwest, the Airport and Green Line expansions, and the BMO Centre expansion, Calgary is well poised for a recovery.  This panel will examine both themes: How does a market recover from the current conditions? What major projects could have major impact on the growth of Calgary?

Todd Cook

Greg Kwong

Paul Finkbeiner

Jon Love

Bob Sartor

Brad Stevens

Moderators:
Todd Cook
, President & CEO, Northview Apartment REIT
Greg Kwong, Executive Vice President & Regional Managing Director, CBRE Limited

Panel:
Paul Finkbeiner
, President, GWL Realty Advisors
Jon Love, Chief Executive Officer, KingSett Capital
Bob Sartor, President & CEO, YYC Calgary International Airport
Brad Stevens, Deputy City Manager & Chief Resilience Officer, City of Calgary


4:25 pm
CLOSING REMARKS

4:30 pm
NETWORKING RECEPTION