7:15 am Registration
7:30 am Continental Breakfast
8:00 am - 12:00 pm Program
Agenda
8:00 AM Apartment Market Overview
Current Market conditions
• Current vacancy rates in the Boston, Suburban and US market.
• Current Market Vacancy & Absorption Rates
• Where are vacancy issues and why
• What are the driving and restraining forces in the respective markets (Boston, Suburban, US)
• What area the outside influences creating momentum in the Apartment Market
Demographics
• What is the profile of the renter today vs. 10 years ago
• Where do tenants want to live and why
• Has the average length of renting changed and how long are tenants renting for
• The changing fundamentals of Apartments – Why millennial’s and others prefer to rent vs. buy
• Which types of services are new tenants demanding from owners – Location, Security, Parking & Other important amenities
Emerging Trends
• Affordable Housing
• Student Housing
• Senior Housing
9:00 AM Capital Markets
The Evolution of Apartment Financing
• What types of governmental programs are available today
• What are the requirements for these programs and how do I access them?
• What type of deals are HUD, Fannie & Freddie looking to target today
• How has underwriting changed and How are deals getting done – Case Studies on recent transactions
• What is the future for the agency lenders
• How does it impact investors in Massachusetts
Lending Sources and Capital Requirements
• What is the outlook for 2016 and beyond for lenders, buyers, sellers, developers and investors?
• Who is lending, and what are some alternative sources of capital?
- Banks, Community Banks, Life Companies, Funds, REITS & Others
• Which deals are more likely to get done
• What are the capital requirements: Existing Apartment vs. Development?
• The importance of Appraisals and how lenders are impacted by comps
• What changes should we expect in underwriting criteria
10:00 AM Apartment Market Overview
Current State of Apartment Sector
• Where is the apartment investment market in Massachusetts heading and Why
• What sub markets are doing well and why
• Prior Year Investment Sales Recap
- Top deals that closed
- Comparison to prior year
• How does the Massachusetts apartment investment market compare to the rest of the US
• Predictions for the coming year
Target Yields and Underwriting Criteria
• Current Underwriting criteria
• Current investor target yields. Where are they and how are they trending compared to the prior 10 years
• How is today’s economy and the housing market affecting the Apartment Sector
• Growing trends impacting investors in Massachusetts and what can we expect in the next 1 to 2 years
• What is making Massachusetts attractive for Institutional Investors
Opportunity Properties
• How to refurbish and reposition miss-managed apartments from misfortune into fortune in apartments
• How to bring your property to market and sell it at its highest possible price
11:00 AM Building a Successful Project
Current Projects Update
• What new apartment projects have been completed recently and what is currently under construction
• Case studies of projects that have been developed and leased up in the last 12 months
• Lessons Learned
• Where is the biggest potential for Apartment Development in MA – Boston, Suburbs or other markets and why
New Development
• New Development vs. Retrofitting and remodeling:
• Where are the opportunities and why
• What are the challenges and why
• Cost Analysis of New Development vs. Remodeling
• How to utilize Tax Credits
- Historic
- New Market
- Energy
- Other available tax credits
- Case Studies
• Affordable housing opportunities
• Developing strong partnerships with municipalities
• Emerging Construction Trends that will change the way we build Apartment Buildings in the future
• Challenges in Re-development & Renovation
• Prediction on Apartment Development and Construction in Massachusetts and what changes will be taking place in the next 3 to 5 years
12:00 PM Adjourn and Networking
Event Registration:
Early-Bird Rate $89
Regular Rate $119
($149.00 Walk-In Rate)
Refunds available up to 72 hours
prior to the event.
No refunds, transfers or cancellations
within 72 hours, during or after event.
Sponsorship Information:
Rick Kaplan
New England Real Estate Journal
800-654-4993 x247
781-878-4540 x247
rkaplan@nerej.com
