How Purchasing 400SFR and 400 Small MF Units during the Global Financial Crisis (2009) is Helping Us Navigate Today's Environment
Danny Kattan, Managing Partner of Capital Markets, PIA Residential, will provide an overview and revisionist history of PIA Residential's successful transition from single-family and small multifamily to the institutional multifamily space. This discussion will detail the differences between the two market segments and how this growth model uniquely prepared PIA Residential for the pivot to the institutional space and the pandemic. This discussion will cover direct lending, vertical integration, scaling into a full-service real estate private equity firm, and valuable lessons learned along the way. He will also explain how PIA Residential views the multifamily sector's current state, forecast trends, and outlook prognosis.
- Transitioning from SFR to Multifamily – What we learned, How it prepared us, What would we do differently
- How our background has prepared us to navigate the environment today
- Disposing of a portfolio of SFR and Small Multifamily to pivot into Institutional Multifamily
- Converting a Vertically Integrated SFR Company into a Full-Service Real Estate, Private Equity Firm focused on Institutional Multifamily Assets
- The Current State of Multifamily and Forecasting Trends and Outlook for Multifamily: Cap Rates, Quality of IRR, Growth Markets, and Pricing
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About
PIA Residential is a private equity real estate firm with a proven track record, buying and managing residential properties in the Southeast Unites States. The partnership currently owns and operates over 1,200 multifamily units across the southeast. During the last decade, PIA invested heavily in the single-family and medium-sized multifamily market; and through successful management and repositioning, PIA reaped the benefits of tremendous value appreciation. PIA's seasoned team of professionals brings over 180 years of combined experience in selecting, evaluating, structuring, financing, improving, managing, and selling multifamily assets. With an institutional mindset and entrepreneurial spirit, conservative underwriting, and defensive acquisition strategies, PIA strives to produce above-average, risk-adjusted market returns for our Family Office and HNW individual investors.