February 2-3, 2026
Four Seasons Las VegasLas Vegas, NVPreliminary Agenda Topics
Provisional Start & End Times:
February 2: 8:00 AM – 5:30 PM
February 3: 8:00 AM – 12:30 PM
Note: The order of the sessions below does not reflect their placement/order they will appear on the final agenda.
Preliminary Agenda Topics
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Homebuilding Financing Outlook: Navigating Capital Markets in a Shifting Landscape
- How are debt and equity providers currently evaluating for-sale residential opportunities?
- What creative structures are emerging to complete the capital stack?
- Are lenders favoring stabilized assets or development-stage projects?
- How are macroeconomic factors continuing to shape investor appetite?
- Is foreign capital returning to the U.S. housing market? What types of deals are attracting international investors?
- How has lender activity shifted compared to last year? Are regional banks still active?
- Exploring joint ventures and land banking structures
- What are the most frequent asks from borrowers today?
- Are sustainability-linked loans or green bonds being used in housing finance?
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Adapting to the Slowdown: Strategies for Managing Risk and Preserving Value
- How are slower absorption rates affecting land pipelines and the demand for new lots?
- What adjustments are builders making to spec inventory strategies in response to reduced sales velocity?
- How are companies managing overhead and operational costs in a lower-volume environment?
- Are land acquisition timelines being pushed out, and how are terms being renegotiated to reflect current market conditions?
- Strategies around transaction cancellations and renegotiations
- Exploring delayed lot purchases and restructured contracts
- What role is land banking playing in helping builders preserve capital and reduce balance sheet exposure?
- What creative financing structures are emerging to maintain liquidity and mitigate risk?
- How is M&A being used as a strategic tool to consolidate operations or reposition portfolios?
- What are investors and capital providers looking for today when evaluating risk in the homebuilding sector?
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Forward Purchase Agreements: Navigating Today's Capital Markets Landscape
- What makes FPAs particularly compelling in the current market environment?
- Key structural elements and how they differ from traditional acquisition models
- Critical funding mechanisms and development milestone provisions
- Market penetration: What portion of deals now involve forward commitments?
- Balancing completion obligations with buyer protections and contingencies
- Risk mitigation through comprehensive insurance strategies
- Ensuring seller performance and managing post-completion responsibilities
- Deposit utilization rights and cash flow optimization
- Quality assurance: Warranty structures and condition guarantees
- Navigating complex title and ownership transfer issues
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It’s A Seller's Market: Navigating M&A Opportunities in Today's Homebuilding Landscape
- Exploring regional builder structures: Are they compatible with larger operational platforms?
- How are public and private builders engaging in exploratory M&A conversations amid market uncertainty?
- Timing considerations in a shifting interest rate environment: Is now the right time to buy or sell?
- Are private equity investors actively looking at builders?
- Expanding vertical integration strategies – How are builders targeting construction, tech, and supply chain assets?
- What are Japanese buyers looking for when identifying acquisitions targets?
- How supply chain targets vary by region, with an emphasis on logistics, materials, and labor scalability
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Land Long vs. Land Light Approaches to Land Control
- How are builders and investors evaluating the trade-offs between land-heavy and land-light models?
- What market conditions are influencing the shift toward asset-light strategies?
- Are land-heavy strategies still viable in high-growth or supply-constrained regions?
- How do capital requirements and financing structures differ between the two approaches?
- What role does land banking play in supporting land-light strategies?
- How are risk profiles and return expectations shaped by land control decisions?
- What are the operational and scalability implications of each model?
- How are institutional investors and private equity firms aligning with land long vs. land light strategies?
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Cross-Border Strategy: Japanese Investment in the U.S. Housing Ecosystem
- What Japanese corporations are looking for when seeking long-term land positions and scalable builder platforms
- Which part of the supply chain are they targeting? Are they looking at specific regions?
- What strategic advantages do Japanese buyers have? Patient capital, long-term planning horizons, and operational discipline
- What unique structures and diligence processes do you see in Japanese M&A deals?
- How do cultural synergies and differences play a key role in negotiations and post-close integration?
- How does the post-transaction business integration process differ to domestic acquisitions?
- What is the outlook for Japanese investment in both residential development and infrastructure-linked assets
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Operational Insights from M&A Specialists: Lessons Beyond the Transaction
- Common pitfalls sellers encounter during the M&A process
- How can private builders position themselves as attractive acquisition targets?
- The role of thorough due diligence in driving deal success
- Navigating legal and regulatory complexities in housing-sector transactions
- How do international deals bring unique challenges in structure, compliance, and integration?
- Effective stakeholder communication throughout the transaction lifecycle
- Lessons learned from post-mortem analysis of failed deals
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Land Banking Strategies: Evolving Models and Market Impacts
- What is the outlook for finished lots, and how is this influencing land banking activity?
- How are land banks being funded today, and does the approach vary by region or investor type?
- What financing and fee structuring considerations are shaping current land banking models?
- What lessons have been learned from past land banking successes and failures?
- What risk management practices are being implemented to protect capital and ensure project viability?
- New parcels vs. previously held land
- What legal and regulatory considerations must be addressed when structuring land banking deals?
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Completing the Capital Stack: Navigating Mezzanine, Preferred Equity, and Bridge Financing
- What is the current outlook for origination in this part of the capital stack, and how active are bank and non-bank lenders?
- How much equity are borrowers typically contributing today, and how has that changed?
- Which deal types, locations, and development profiles are most attractive to lenders?
- What are the most common questions and concerns borrowers are raising in today’s environment?
- Are new borrowers entering the market who previously sourced capital elsewhere?
- How have lending strategies evolved over the past year in response to market shifts?
- Are there notable changes in intercreditor agreements or mezzanine debt structuring?
- What creative solutions are emerging to fill capital gaps and get deals across the finish line?
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Build-to-Rent vs. For-Sale: Market-Driven Shifts in Homebuilder and Investor Models
- What makes for a compelling BTR opportunity from both the investor and builder perspectives?
- How are builders bridging the pricing gap between retail and BTR sales?
- What investment structures are preferred today — forward purchase agreements, progress funding, hybrid debt/equity?
- How has underwriting evolved amid interest rate uncertainty and delayed rate cuts?
- What characteristics define strong builder and equity partner relationships in BTR deals?
- Are mixed communities with for-sale and rental units gaining traction, and what are the key considerations?
- How are buyer expectations changing, and how are builders adapting product strategies?
- What is the outlook for BTR expansion, and how will builder-investor relationships evolve over time?
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C-Suite Insights: Navigating Market Shifts and Growth Opportunities
- Given the uncertainty over the last 24 months, what fundamentals are executives focused on to drive decision making?
- Which supply vs. demand metrics are you most focused on, does this vary by region?
- Which price points and product types are selling best these days?
- Where do builders see windows of opportunity amid economic and regulatory uncertainty?
- What land strategies are builders employing, and when does it make sense to buy and hold?
- What are the biggest headwinds facing private builders and the broader industry in 2026?
- How are financing challenges evolving? Are banks still hesitant, and what’s the current cost of capital?
- What types of deals will you look to finance in the next 12 months? What is your preferred type of capital?
- How are private builders staying competitive against larger players in their markets?
- How might AI reshape homebuilding ? Will it level the playing field or widen the gap between large and small builders?
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Public Homebuilder Blueprint: Scale, Capital, and Market Leadership
- What macro and operational headwinds are public builders preparing for in 2026?
- Where are public builders identifying growth opportunities across regions and product types?
- How are public builders balancing pace vs. price, and IRR vs. gross margin in today’s environment?
- What does Wall Street expect from public builders in terms of capital efficiency, land strategy, and returns?
- How are public builders managing financing challenges and navigating the current cost of capital?
- What land acquisition strategies are being prioritized — land banking, optioning, or direct ownership?
- How are public builders leveraging scale to manage supply chain, labor, and entitlement risks?
- What role is AI and technology playing in operational efficiency and customer experience?
- How are ESG initiatives being integrated into public builder strategies to meet shareholder and consumer expectations?
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A&D Loans: Market Conditions, Lending Criteria, and Practical Approaches
- What are current trends in A&D loan activity, and how are lenders responding to tighter credit conditions?
- Are lenders open to new builder clients, and what experience or financial benchmarks are they requiring?
- What factors most influence funding availability and loan sizing — LTC, LTV, sponsor liquidity, and market dynamics?
- How are completion guarantees, personal guarantees, and interest accruals being structured in today’s deals?
- Are audited financials and formal governance structures becoming standard requirements for borrowers?
- What level of collateral is typically required, and how does it vary by region or project type?
- How are lenders approaching full-cycle financing — from land acquisition through development, construction, and takeout?
- What exit strategies are borrowers presenting to secure financing, and how are lenders evaluating them?
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Trends in Land Acquisition & Development
- How are finished and raw lot prices expected to trend over the next 6–12 months?
- The evolution of underwriting strategies for land deals and new risk realities
- Strategies vary by market — Are you targeting raw, entitled, or finished lots based on local dynamics?
- How are rising land development costs putting upward pressure on project pricing?
- Are infrastructure limitations creating bottlenecks in land readiness and delivery?
- As financing options for unfinished lots remain limited, what creative structures are emerging?
- What current risk assessment models are you using?
- How are operational challenges such as permitting delays and utility access impacting timelines and budgets?
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Repositioning, Repurposing, and Redeveloping Commercial Real Estate for Residential Use
- Which markets are facing the most acute land scarcity, and where are new constraints emerging?
- What types of properties are best suited for repositioning or redevelopment?
- How are builders and developers approaching brownfield sites and underutilized parcels?
- What are the key financial and zoning considerations when repositioning existing assets?
- How are timelines and cost of capital impacting the feasibility of these projects?
- What role does adaptive reuse play in addressing housing shortages in urban and suburban areas?
- How are ESG goals and community engagement influencing repositioning strategies?
- How are developers working with local governments to overcome entitlement and permitting hurdles?
- What creative design and construction strategies are being used to maximize density and livability?
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Macroeconomic Forces Shaping Homebuilding: Rates, Credit, Costs & Global Trade
- How are declining interest rates impacting homebuilder financing, deal flow, and buyer demand?
- What is the ripple effect of regional bank consolidation and loan sales on builder access to capital?
- Are labor and supply chain pressures easing, or are new bottlenecks emerging?
- How are consumer and builder confidence levels trending in response to macro shifts?
- Are construction costs stabilizing, or are material prices still volatile?
- How are tariffs and global trade dynamics affecting material sourcing and project costs?
- How are builders adjusting their strategies in response to inflation and monetary policy?
- What macro risks are most likely to disrupt housing development in the next 12 months?
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Women in Homebuilding: Leadership & Growth Small Group Meeting
How can the homebuilding and land development industries better support the advancement of women in leadership and investment roles? As capital markets evolve and strategic partnerships become more critical, this interactive small group session will explore how organizations can foster visibility, mentorship, and career pathways for women across development, finance, and operations. Join influential voices for an open dialogue on building a more inclusive industry—one where women are empowered to lead, innovate, and shape the future.