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Conference

Real Estate, Direct Lending & Private Debt Forum - Season 3: Part 8

October 20, 2022
13:30 PM - 17:00 PM
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Thank you to our Sponsors: Dream America, ApexOne Investment Partners, GSH Real Estate, Preqin, Boomerang Capital and Ei Ventures for helping us make this event possible. Without your support and guidance, we would not have been able to produce such a high quality and great event again. Thank you to all our FLAIA Members and the FLAIA Board for their support. It is amazing how our community has come together to provide leadership since the outbreak of Covid-19. I am proud to be a part of this great group of great men & women! Real Estate, Direct Lending and Private Debt are 3 legs of the alternative investment industry and over the past 10 years each of these legs have grown to have a much more profound impact on Main Street. The greatest strength of the US economy is found in these 3 legs. Since Covid - 19 hit, these 3 legs have shown the greatest resilience after being the hardest hit part of the overall alternative investment industry. Today, because of the lack of real time liquidity and real time price discovery this Forum is the most important conversation for global investors to join. Most investors have exposure to real estate through equity and credit vehicles, we bring thought leaders to share information so that the answers become clearer. We are determined to bring clarity, truth, facts and experience from the front line by the most talented investment managers.

  • Inflation Strikes Back, and the Implications for Commercial Real Estate
    09:30 AM - 10:30 AM
    Keynote
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    The economy of 2022 is markedly different from that of 2021, and that which will be encountered in the future. In 2022, heightened inflation has returned, and FOMC members believe it is at levels that are much too high. This resurgence in inflation is impacting the economy, finance markets, interest rates and commercial real estate. As inflation strikes the economy and finance markets, how is it impacting commercial real estate? Please join the Federal Reserve Bank of Atlanta for a 60-minute webinar. FLAIA is hosting this session with the Federal Reserve Bank of Atlanta commercial real estate expert, who will share his market insights, industry perspective, and data analytics and tools.

    “The views expressed in this document are those of the author and do not necessarily reflect the views of the Federal Reserve Bank of Atlanta, the Federal Reserve Board of Governors, or the Federal Reserve System.”

    **Attendance is complimentary and open to all qualified investors.

    • Rising rates and slowing inflation?
    • Greater CRE stress in a changing economic environment?
    • Back to work we go, and the impact on the office sector
    • Underwriting. The good, the bad, and the risky
    • UP & DOWN: Cap rates UP / Value DOWN?
    • Is CRE at an inflection point?

    Speakers: Brian D. Bailey, CCIM, CRE

  • Why Rent to Own Homes Outperform SFRs in Current Market
    10:30 AM - 11:00 AM
    Webcast
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    The Dream America Fund offers single family lease to own homes in major metro areas of FL, GA and TX. Dream America's CEO and Founder, Chris Innes, is going to talk about how their unique rent-to-own strategy offers investors high yield, low duration and a hedge for inflation while helping front-line workers, Veterans and others on the path to the American Dream of homeownership. Dream America offers:

    • Quarterly income
    • Inflation hedge
    • Stable capital balances
    • Appreciation potential
    • Positive social impact: helping renters become homeowners

    Speakers: Chris Innes

  • Value Add Loans on Single Family Housing by Boomerang Capital
    11:30 AM - 12:00 PM
    Webcast
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    Boomerang Capital will review value add opportunities in the Single Family Housing market. In the traditional equity and fixed income markets, it has become a challenging to generate income without taking significantly more risk. Boomerang Capital offers relative safety and consistency of income delivered by an experienced team of relationship based lenders. Single Family Homes are arguably the most important asset class in real estate and Boomerang Capital provides exposure through a private fund structure offering senior secured debt in the form of 1st lien positions on 500 loans across 12 states.

    • Deep diligence on the borrowers through relationship in our key markets
    • The importance of short duration in a potentially rising interest rate market
    • 5 Year Track Record and $100,000,0000 in equity in the fund
    • Less than 1% defaults since inception of the fund in July of 2017
    • Importance of audited financials and a REIT blocker
    • Competitive risk adjusted distribution
    • Simple exit strategies

    Speakers: Rob Jafek and Chris Sloan

  • Reliable Inflation-Adjusted Cash Flow + Strong Returns | Sunbelt Region Value Add Fund Opportunity
    12:00 PM - 12:30 PM
    Keynote
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    PIA is pleased to announce the launch of the PIA Residential Fund I. Keeping in line with our investment strategy, the Fund seeks to achieve attractive risk-adjusted returns by investing in a diversified portfolio of value-add institutional multifamily properties in growth markets of the Southeast US. Investments will target well-located multifamily assets that are under-managed and/or can be purchased below replacement cost. As with prior investments, the focus will be on properties that generate consistent cash flow and provide opportunities for rent increases and value appreciation through light to medium renovations and a capital improvement program.  Average target cash-on-cash distributions are 6-8% with an overall target net investor IRR of 12-14%.

     

    As a result, the Fund has already identified its first investment - Summerchase at Riverchase, a 1989 built, 240-unit property in Hoover, a prime Birmingham, Alabama suburb. This is an off-market opportunity initially offered to us at the beginning of the year for $44 million. After continued negotiations, we were able to secure it for $39.25 million. Because of its location, market dynamics, and 95% renovation potential, Summerchase offers an excellent value-add opportunity expected to produce returns in line with the Fund’s targets. 

    • Why Invest in US Multifamily - Workforce Value add Strategy
    • Reliable cash-on-cash returns
    • Fundamentals in turbulent times
    • Advantages of a Fund Strategy vs. Investing in Individual Properties
    • Understanding Risk factors in the underwriting process

    Speakers: Danny Kattan

  • Listing Your Deal on the FLAIA Marketplace
    12:30 PM - 13:00 PM
    Webcast
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    Join us for a training on the powerful listing tools available in the FLAIA marketplace. You spoke and we listened, you wanted to ability to create and update marketplace listings. We have given you direct access to the tools to create marketplace listings directly from the account management section. During the webcast, we will review the features, capabilities and types of products that can be listed on the FLAIA Marketplace. The new and improved marketplace is makes it easier for investors to discover and learn about a diversified pool of alternative investments, based on the attributes the product listing. We invite you to check out the new marketplace - https://flaia.org/marketplace/!

    • Overview of the FLAIA Marketplace
    • How to create a live listing on the FLAIA Marketplace
    • Product tagging and why it is important to select the right tags
    • Promote you marketplace listing via email and social media
    • Review of marketplace analytics to drive engagement

    Speakers: Michael Corcelli and Jeremy Johnson

  • Italian Residential Investment Opportunity in Perugia
    11:00 AM - 11:30 AM
    Webcast
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    The province of Perugia shows a strong growth potential for the residential and tourist accommodation sector. Our development hypothesis is focused on the senior living sector and its various innovative forms senior living, assisted living and spec homes built to sell.

    Our idea for the development "The City of the Future" is therefore based on the inclusion of functions related to senior living and lifestyle. The whole area will be completed with shared facilities such as fitness trails, green spaces, community gardens, restaurant, wellness area available exclusively for the residents of the private apartments, assisted living apartments and live in senior care units.

    Our Highest & Best Use Analysis was based on the following assumptions:

    –Return maximization on the already constructed building (selling at prime market price)

    –Valorization of the maximum buildable surface allowed

    –Valorization of the entire land plot with community facilities

    *The analysis is available upon request

    **Owner wants to sell the entire land plot comprising a fully completed multi-family building with 19 apartments and related facilities, for more information, please visit the marketplace listing.

    ***There is significant ability to continue development of the land and community "The City of the Future."

    • Outstanding location, just few minutes away from Perugia (provincial capital of the Umbria Region) and approximately 70 to 80 miles ( 120 to 135 kilometers ) away from both Florence and Rome respectively ( less than 90 minutes drive by car )
    • The Property consists of a land plot of ca. 970,000 sq ft (90,000 sq m) situated in a centuries-old natural park in the Umbrian countryside, near Perugia
    • A residential building of 27,000 sq ft (2,500 sq m) (19 apartments) already completed with high quality finishing; 81 garages/parking spaces in addition to a wellness area of 6,350 sq ft (590 sq m) including a swimming pool and gym, are ready to be sold
    • Possibility to additionally develop another three existing buildings with a total buildable area of ca. 70,000 sq ft (6,500 sq m) with a wide range of development options already approved by local Urban Plan (Including Multifamily, Senior Living, Serviced Apartments, Student Housing, Hotels etc.)
    • High Teens IRR expected and particularly compelling investment case for US Dollar Buyers given extremely favorable US$/Euro exchange rate and interest rate arbitrage opportunity (Local EU interest rates lower than US)
    • Ticket size/asking price: Euro 12 million

    Speakers: Fabrizio Lauro, Leone Recchi, and Sergio Mazzocchi