The event kicked off with keynote speaker Will McIntosh, Ph.D., CRE Global Head of Research, USAA Real Estate presenting, ” What Does the Future Hold for the Real Estate Market?” The symposium hosted many leading expert presentations from: Yesenia Marili, Transwestern, Vice President, Marketing & ResearchTranswestern, Vice President, Marketing & Research; Chad Knibbe, CCIM President Foresite Commercial Real Estate; Michael J. Lynd, Jr Chief; Executive Office Kairoi Residential; Lange W. Allen Director U.S. Industrial/Logistics USAA Real Estate; and David Adelman Founder and Principal AREA Real Estate, LLC. Our team gathered some of the most compelling insights impacting our clients.
Industrial & Multifamily assets remain the jewels of a robust investment portfolio. It has become increasingly important to manage the expectations of institutional investors (primarily pension funds) as equity returns continue to slip down the yield curve. Particularly in multifamily, where unrealized rental assumptions combined with the increase in operating expenses (primarily property taxes) means that anticipated proforma returns (IRRs) are not meeting investor expectations. Controlling expenses through active property tax management programs are essential to success in this sector.
Our firm has 2 CCIM designees, John A Pelayo and Pat Howard. They have thousands of hours of continued education in trends and issues facing owners and operators of commercial real estate properties. Our property tax experts have decades of sophisticated, multi-state property tax expertise and have built relationships with over 1500 tax assessor oﬃces across the nation. We dig deep into your business to understand the uniqueness of your commercial property to match our ad valorem expertise. We partner with every client to build enduring relationships that last for decades.