Agenda - Day Two - 5/16 | Texas Middle-Market Multifamily

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Registration & Exhibitor Set-Up - Exhibit Hall

Small Group Meeting for Owners Only

7:45am - 8:30am

Registration & Breakfast

7:45am - 8:30am

Small Group Meeting for Owners Only

Are you seeing a price adjustment happening? How are you financing more capital going into existing properties and new deals? Are you increasing or decreasing staff? These topics will be among the key themes discussed by you and the discussion leaders in this open discussion format.

Glenn Gonzales - Owner & CEO, Obsidian Capital
Nic Espanet - Principal, Thrive Multifamily

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General Session

8:30am - 9:15am

Underwriting A Proforma: How Much Are You Scaling Back?

How underwriting is changing with rates & full-circle returns
Underwriting a development proforma: What is changing?
In what scenarios will you be more aggressive?
What AI software are you using to propagate or create financial analysis and proformas?
Impact of current macroeconomics
What kind of risks have you recently mitigated that will improve your income/expense amount?
Capital expenditures and expense management
Debt service coverage: How are you ensuring cash flow is sufficient?
What kind of scenario analysis are you running?

Glenn Gonzales - Owner & CEO, Obsidian Capital
Raj Sarangam - Founder, ORP Investments
Jon Siegel - Partner & Chief Investment Officer, Railfield Realty
Shahriar Khan - Partner, Massive Capital
Sam Atari - Managing Director, Investments, Kayne Anderson

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General Session

9:15am - 10:00am

Hold, Sell Or Refinance: Identifying the Best Option for Distressed Assets

How are you bridging the gap until you can refinance?
Wait and fix? How are you working through the vintage ’21 & ’22 deals?
Extend vs. other modifications
Interest rates look like they will be higher for longer… What does that mean for you?
Considering pre-payments
What kind of information are you approaching your lender with? How interested are they with negotiating?
Long term holders and what it takes to sell
Are we going to revisit extend and pretend?
Maturity problems with stabilized, value-added and construction projects
With excessive immigration filling up more rental households than usual, has the bottom of the multifamily construction been pulled forward?
Bridge loans and takeouts

ZaZa Davis - CEO, Zeal Deal Capital
David Davidenko - Founder, Sunrise Capital Group
Corey Muldrow - Founder & CEO, M Group Capital
Brennen Degner - Co-Founder & CEO, Platte Canyon Capital

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General Session

10:00am - 10:45am

Navigating Cap Rate Volatility and Reducing Asset Management Stress

Exploring cap rate spread and market rate deals. Where are local cap rates going?
How are you improving margins and ROI?
What if interest rates fall?
How will a 4% U.S. treasury impact cap rates today vs. the past?
How are you setting exit cap rates on acquisitions of existing product?
Exploring affordable and workforce housing
Have you been going more conservative with expense/capex underwriting? What are your NOI assumptions?
Where will cap rates on Class B Dallas apartments will be in December 2025?
Preventive maintenance in tight times. Where does AI fit in?
Improving data collection, communications, reporting and analysis & the technology out there to assist
Managing a portfolio with performance tracking and AI

Jeremy Thomason - Managing Principal, Convolo Capital, LLC
Jay Biggins - Principal & Chief Executive Officer, OwnerMultihousing
Jaime Hinojosa - Senior Managing Director | Head of Asset Management, Palladius Capital Management
Daniel Perez - VP - Real Estate Development & Construction, Senior Resource Group

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Networking Break

10:45am - 11:10am

Networking Break

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General Session

11:10am - 11:55am

Evaluating Distressed Property Acquisitions

What to look for when working with a special servicer
Investing in bankrupt assets: What can bankrupt you?
How should you evaluate?
Digging into the 50% occupied building
Navigating through NPLs, foreclosures and deeds-in-lieu
Is it time to bust out the 2008 handbook? What are the differences in due diligence?
What can really come back to bite you?
When will lenders start to sell or are we back to extend and pretend?
Is the buy/sell valuation gap starting to narrow in general? Specific markets or sub-assets?
What can you learn from recent distressed sales?

Jim Duey - VP - Acquisitions, The Milestone Group
Wayne Courreges III - Managing Principal, CREI Partners
Bruce Fraser - Managing Partner, Elkhorn Capital Partners
Matthew Bronstein - Managing Director, BHW Capital

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General Session

11:55am - 12:40pm

What’s Being Done to Address the Affordable Housing Issue in DFW and the Dallas Suburbs?

Why is the Dallas housing market so unaffordable?
Exploring impacts of the Dallas Housing Opportunity Fund
Using federal incentives and tax credits. How have these incentives impacted apartment valuation?
Learning from other markets where affordable housing has been implemented
The importance of essential and workforce housing
Adaptive reuse and office conversions

Michael Shaid - Vice President, Real Estate, The Vistria Group
Jason Brown - President, Dallas City Homes
Sean Rawson - Co-Founder, Head of Acquisitions, Waterford Property Company
Tobi Abereoje - Director of Acquisitions, Northern Liberties
Zach Krochtengel - Member, Sycamore Development

12:40pm - 12:45pm

Conference Concludes

Day Two - 5/16Friday, 16 May 2025

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