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Real Estate Forum
November 30 & December 1, 2022
Metro Toronto Convention Centre, South Building, TorontoChairs’ Reception – November 29 – Fairmont Royal York

Program Finalized - Register Now!

The Institutional Apartment Developer and Investor Conference

Designed for institutional developers, lenders, and professionals who serve the apartment development process. A unique dive into the details of apartment-specific processes and actionable strategies for apartment design and development.

November 29, 2022

The Institutional Apartment Developer and Investor Conference

NEW APARTMENT CONSTRUCTION INDUSTRY BACKGROUND
Apartments have consistently outperformed all other sectors in commercial real estate both during and since the 2008 recession. Since the recession and low interest rate environment, apartment construction slowly returned and has continued to grow today.

Almost no apartment buildings were constructed between the years of 1985 and 2000 as developers found better returns on their investment in the form of suburban housing developments and, more recently, condominiums. Canada’s apartment stock froze in time and got progressively older and more dated as the years went on. The long hibernation of apartment development is over and the conditions to build apartments, from both a renters and investor’s standpoint, is strong.

Apartments proved their resilience during the pandemic shutdown, while other real estate classes suffered. Apartments are not just recession-proof but are now pandemic-proof!

OPPORTUNITIES GALORE
There are approximately 1000 apartment projects in various stages of development in Canada today. Renter demand and institutional investor demand, exceeds this new capacity. The shift to new apartment construction is happening largely because of supply and demand. More than that, this lack of new supply aged the average apartment stock, so that any new construction that opens today automatically enters at or near the top of the market.

Many developers who face an uncertain future in their asset class, such as hotel, retail, and condo, are pivoting to rental apartment development. As for demand, in addition to apartments failing to keep up with population growth, we are today seeing a shift in the priorities of traditional homebuyers. Young people who used to leave home to buy a house in the suburbs now want to live closer to their jobs, to schools and to amenities. The commutes have become too long, and urban living has become fashionable.

Why attend?

Hear from Derek Lobo, Broker of Record & CEO, SVN Rock Advisors, why this is a must attend event for professionals who serve the apartment development process.

"This seminar focuses on the needs of the institutional apartment developer and the institutional investor...

  • What should they build?
  • Where should they build it?
  • How much can they charge?
  • What is the depth of the market?
  • What is the profitability of that building being built?
  • How do construction costs affect the business today?"

AGENDA - The Institutional Apartment Developer and Investor

8:00 - 9:00 Registration & Breakfast

9:00 - 9:05 Welcome and Introductions

Rod Schulhauser, Director, SVN Rock Advisors

9:05 - 9:50 Session 1 - The Institutional Apartment Developer - the Big Picture

Moderator: Steven Gross, Vice-President, Multi-Residential and Hotels, Kingsett Capital

Panel:

Matt Woodland, Managing Director, Greystar
Phil Fraser, President & CEO, Trustee, Killam Apartment REIT
Jonathan Turnbull, Managing Director, Head of Canadian Transactions & Business Development, Harrison Street Real Estate Capital LLC
Avi Tesciuba, Senior Managing Director & Country Head, Hines Canada

9:50 - 10:35 Session 2 - Financing the Deal - Investment and Interest Rate Outlook

Moderator: Mike Scott, Senior VP Business Development, CFO Capital

Panel:

Mark Kay, Principal Broker, President, CFO Capital
Jamie Dysart, Managing Director, Mortgage Investments, KingSett
Jesse Fung, Managing Director, BMO Corporate Finance Division
Vesna Spehar, Account Manager, Multi Unit, CMHC
Eric Visser, Senior Manager Business Development, Commercial Real Estate, Vancity Community Investment Bank

10:35 - 10:45 Break

10:45 - 12:00 Session 3 – Data-driven Decisions for Apartment Development

Moderator: Derek Lobo, SVN Rock Advisors

Panel:

Harvey Russell, Principal & Senior VP, NAI Advent
Fran Hohol, Director of Research, SVN Rock Advisors

12:00 - 1:00 Buffet Lunch

1:00 - 1:45 Session 4 - Getting it Built - From Raw Land to Stabilization

Moderator: Mansoor Kazerouni, Global Director of Buildings, IBI Group/Arcadis

Panel:

Todd Nishimura, Senior Director, Marketing, Leasing, and Communications, GWL Realty Advisors Inc.
Saša Krcmar, Principal & Managing Director, Krcmar Surveyors Ltd
Paul Smith, CAO, DMS Property Management
Ian Husted, CFA, Vice President Investments, Woodbourne Capital Management International, LP

1:45 - 2:30 Session 5 - Construction and Operating Costs by the Numbers

Moderator: Stuart Smith, General Manager, Turner Construction Company

Panel:

Peter Mills, CEO, Wyse Meter Solutions
David Gibson, Director, Yeoman & Company Paralegal Professional Corp

2:30 - 2:55 Q&A

2:55 - 3:00 Closing Comments

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