April 24-25, 2013 Washington, DC
As the economy continues to slowly rebound from the Great Recession, multifamily housing has been a relative 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.
As apartment construction continues amid plentiful capital, some markets may quickly become overdeveloped. It will become increasingly important that new projects and acquisitions be well-conceived, positioned, and designed. This redesigned ULI workshop will teach you how to position your products and investments for future success in an increasingly competitive market.
Using a combination of case studies and lectures, experienced industry professionals will cover the principles for successfully siting, designing, positioning, and developing a multifamily project. Participants will examine recent multifamily development trends including a current market overview, and examine the unique attributes of developing this product type. Topics covered will include site selection, market and feasibility analysis, capital structure and financing, financial analysis, entitlements, marketing and leasing, and property operations and amenities.
Principal Instructor
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.
Registration
ULI Member: $650
Nonmember: $750
Government and non-profit: $595
Registration fee includes tuition, course materials, luncheons, and refreshments. There is an additional $100 charge for on-site registrations.
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.