Gain practical professional insight into the finance and development of this competitive real estate product.
October 7-8, 2013 Philadelphia, PA
As the economy continues to steadily improve, multifamily housing has been a particular bright spot in real estate industry. Buoyed by demographic shifts into urbanizing areas, an increased pool of renters in the form of displaced homeowners, and low vacancy rates, the multifamily industry has realized significant capital flows. But as competition heats up, a more thorough and nuanced understanding of this product type is more important than ever.
This intensive new program will provide participants with a deeper understanding of the unique attributes of the multifamily housing product. Using a combination of lectures, case studies, and in-class data analysis, attendees will gain a sharper insight into the many professional roles involved in the multifamily development process. Attendees will leave with a deeper understanding of how these various disciplines interact in the process and project feasibility comes into focus. Participants will begin with a simple “back of the envelope” spreadsheet that will provide a quick initial assessment of project feasibility. As the class progresses, a more comprehensive development model will be constructed that addresses the myriad risks and opportunities a successful developer must take into consideration and actively address.
An interactive case study on a multifamily project will be woven throughout the program to better illustrate key points and concepts.
Robert T. Rajewski
Director of Finance
Continental Realty Corporation Baltimore, Maryland
Bob Rajewski is the director of finance with Continental Realty. He previously has held positions as an asset manager (BIT), equity syndicator, appraiser, developer (multi-family) and as an underwriter for conduit, permanent, and construction loans (commercial and multi-family for Banks of America). Previous employers include the Building Investment Trust and Bank of America.
In his current position he secures long term financing for multi-family assets using Fannie Mae, Freddie Mac as well as 3rd party banks.
Rajewski holds an MS degree in real estate development from Johns Hopkins University and a BS in finance from the University of Baltimore. He has been an adjunct professor in graduate studies at the Carey School of Business at Johns Hopkins since 1997 and in undergraduate studies at the University of Baltimore since 2008.
Robert Diamond Partner Reed Smith, LLP
Jeff Kayce Vice President Bozzuto Development Company
Jennifer Nevitt Chief Executive Officer Forty Two, LLC
Roger Staiger Principal Stage Capital, LLC
ULI Members: $650
Public Sector Members: $595
Public Sector Non-Members: $790
Cancellations, which must be made in writing or email to ULI’s Customer Service Department, will be subject to a $100 administrative fee. Cancellations must be received at least seven days prior to the start of the workshop to be eligible for a refund. No refunds will be granted thereafter. You may, however, transfer your registration, without penalty, to another member of your organization.