A LOOK AT ASSET MANAGEMENT AND RENTAL STRATEGIES: CASE STUDIES OF REPURPOSING TO NEW RENTAL INNOVATION TO REMAIN COMPETITIVE
Competing with shiny new condominium units and purpose-built rental stock has both challenges and opportunities. What steps can you take to enhance revenue streams, reduce operational load, and improve competitiveness against new builds? When is it feasible to introduce higher performance elements in your buildings to improve profits and reduce expenses? What happens when a property is just too old or there is a highest and best use other than pure rental? How can you repurpose common areas for condo type amenity space and also to manage new forces like package delivery demands on space from online shopping?
Shaun Jones, Senior Advisor, Altus Expert Services, Altus Group
Laurel Edwards, Senior Vice President, Residential & Commercial Leasing, Strategic Group
James Ha, Vice President, Finance & Investor Relations, Boardwalk REIT
Raul Jaime, Director, Investment Management, QuadReal Property Group
Steve Krilanovich, Vice President, Asset Management, Lotus Capital Corp.
CONSTRUCTION AND DEBT FINANCING: HAS IT BECOME MORE CHALLENGING OR IS CAPITAL READILY ACCESSIBLE FOR OWNERS AND DEVELOPERS IN CALGARY, EDMONTON AND VANCOUVER?
A cross-section of lenders will provide their views and examine their levels of activity in each of the three major markets specifically as it relates to multi-family properties and development. This will include the perspective of banks, mortgage investment corporations, private equity funds and other alternatives. To what extent are their priorities, underwriting and strategies varying at this time? How are they assessing a transaction and pricing it in each market? Where are spreads heading at this time? How did the emergence of COVID-19 change their activities? Under what circumstances will they finance construction? Case studies of actual transactions for small to large assets will be examined during the session.
Jessica Harland, Managing Director, CMSI Pacific
Jamie Dysart, Managing Director, Mortgage Investments, KingSett Capital
Ray Johnson, Senior Director, Development Finance Group, MCAP
Michael Sagert, Senior Director, CMHC, CMLS Capital
Reade Wolansky, AVP, Business Development, Real Estate Financing, BC, Laurentian Bank of Canada