CONCURRENT SESSIONS (SELECT A1, A2 or A3)
IT’S ABOUT THE NUMBERS: A FIELD GUIDE TO THE FIRST STEP IN DEVELOPING PURPOSE BUILT RENTAL OR INTENSIFYING AN EXISTING ASSET
New apartment construction continues to grow. While there are profits to be made, knowing how to calculate, and maximize your return on investment is critical to success. This session will explore the six core questions any owner or developer needs to address to maximize return on investment, using real numbers and examples: Should you build? What should you build? What is the depth of market? How much rent can you charge? How much can you sell the building for? And who can you sell to? Practical examples will be used to show how to move from a back of the envelope calculation to full-scale financial modelling. This workshop will give attendees a realistic view of development costs, operating costs, and return on investment, from a rent, cost, and investment perspective – from large to small projects.
WHAT ARE THE CHALLENGES WITH INTEGRATING MULTI-RESIDENTIAL WITHIN A MIXED-USE PROJECT?
While there is growing number of purpose-built apartment buildings, what are some of other innovative ways of creating new rental units? This session will open with some examples of interesting projects underway or recently completed in metropolitan Montréal. A range of innovation development will be examined beginning with the inclusion of apartments within a mixed-use development or intensifying an existing property (eg, a retail centre). What are some of the challenges that you need to understand when rental apartments are being integrated with office, retail or hotel uses? What do you need to consider when this involves a joint venture between an apartment specialist and an owner who specializes in other property uses?
LOW COST STRATEGIES TO ENHANCE THE VALUE OF OLDER BUILDINGS: HOW CAN YOU COMPETE WITH NEWER APARTMENTS, CONDOMINIUMS AND AIRBNB?
Competing with recently built condominium and rental buildings has both challenges and opportunities. What steps can you take to create new revenue streams, reduce operational costs, and improve competitiveness against this new stock? What happens when a property is just too old or there is a highest and best use other than pure rental? How can teams work together to create new, competitive and safe properties that meet the needs and expectations of residents? Is Airbnb posing a threat to the traditional rental market?