February 18, 2019
Ari Abramson Moderates NMHC’s 2019 Young Guns Pitch Senior Executives Session in San Diego
Ari Abramson (standing at podium), Vice President, Acquisitions for Continental Realty Corporation. Joining him are judges John Lamb, Managing Director at BlackRock; Douglas Tymins, President and CEO of AIG Global Real Estate, and Allina Boohoff, Managing Director of JP Morgan.
Ari Abramson, Vice President, Acquisitions for CRC and Co-Chair of National Multifamily Housing Council (NMHC)’s Emerging Leadership Group, moderated the “2019 Young Guns Pitch Senior Executives” session in San Diego recently. Mirrored after the popular television show, “Shark Tank,” the competition presents the opportunity for young professionals to pitch potential investment opportunities to a mock investment committee of senior executives. Attendees received unique perspectives regarding the underwriting assumptions and business plans utilized by their competitors to evaluate and underwrite value-add transactions in the current state of our real estate cycle.
Presenters at the Young Guns Pitch included Matt Ferrari, Senior Managing Director and Co-Chief Investment Officer of TruAmerica, Julie Heigel, Assistant Vice President at Waterton, and Brendan Whalen, Vice President of Acquisitions at Pollack Shores.
NMHC’s Emerging Leaders Program is designed to cultivate future leaders in the apartment industry. The program offers national and regional networking events that allow emerging leaders an opportunity to meet and interact with their peers. It also provides a forum where participants can meet and learn from top industry leaders who share their insight, lessons learned, and steps taken to achieve their success. Approximately 250 young professionals, all 40 years of age or under, took part in the most recent event.
Abramson had the following takeaways from the panel:
- strategic interior unit capital improvements allow for new ownership to appreciate incremental yield
- the current environment to successfully identify and transact value-add deals remains competitive and requires a creative approach to conservatively underwriting opportunities
- deal flow volume in 2019 will remain vibrant and mirror the high levels we experienced in 2018
- macro headwinds suggests that the national economy will continue to be robust. In addition, demographic trends and fundamentals for long-term multifamily investment remains sound
Continental Realty Corporation (CRC), headquartered in Baltimore and founded in 1960, is a full-service commercial real estate investment and management company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of over 4 million square feet of space, as well as apartment communities featuring more than 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the value of the portfolio exceeds $2 billion.
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