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Event

Multi Family, Retail & Hospitality Post COVID-19

Hosted by Sound Mark Partners LLC
June 24, 2020
12:00 PM - 13:00 PM
Panel
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Since the COVID - 19 crisis broke out, 40 million people became unemployed, businesses have shut down and global central bank have conducted swift and unprecedented monetary support to alleviate conditions brought on by the Pandemic. This panel will discuss in detail what is being seen in the different verticals of real estate and what to expect in the 3rd & 4th quarter with existing assets and special situations on the horizon.

  • What are you seeing with regards to your vertical as the economy begins to be brought back online?
  • Are there signs of light at the end of the tunnel? If so, what does it look like?
  • What is keeping you up at night?
  • Are deals being done in your space right now? At what discount? Where do you see deals being done in the next 6 months, next 18 months?
  • Where do you see the opportunities?

Recording

Multi Family, Retail & Hospitality Post COVID 19

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Speakers

Chrystalle Anstett
Head of Capital Formation @ Sound Mark Partners LLC
Joseph W. DeMatteo Sr.
Founder & President @ JDM Capital Hospitality Management
Ernest Johnson
Executive Managing Director @ ApexOne Investment Partners
Tony Barkan
Founder, CEO and Managing Principal @ Allagash Partners
Peter Foran
Executive Vice President @ Pine Tree

About

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ApexOne Investment Partners, LLC, a Texas limited liability company, is headquartered in Houston, Texas, with offices in Chicago, Illinois, Boca Raton, Florida, and Phoenix, Arizona, and, together with its affiliates, has substantial experience in real estate acquisition, syndication, financing, development, and disposition, as well as real estate transaction management. James A. Hearn, Ernest Johnson, Tim Burns, William Saul, and David Steele are the principals of ApexOne (the “Principals”).


Following on the success of ApexOne Growth & Income Fund I, LP, a Delaware limited partnership (“Fund I”), ApexOne Growth & Income Fund II, LP, a Delaware limited partnership (“Fund II”), and ApexOne Multifamily Fund III, LP, a Delaware limited partnership (“Fund III”), ApexOne has formed ApexOne Multifamily Special Situation Fund IV, LP, a Delaware limited partnership (the “Partnership”), to make investments in direct and indirect equity interests in multifamily residential properties, including those requiring capital infusion, repositioning, post-development leasing or which may be subject to a distressed sale, as well as indebtedness secured by such multifamily residential properties.


ApexOne Investment Partners has acquired 46 properties and invested over $1.5B in workforce and student housing communities over the last seven years. ApexOne prides itself on providing excellent living environments to its residents, high returns, and transparent communications to its investors while reducing the environmental impact of their properties. Their fund level returns on fully cycled properties have averaged over 28% and Over 94% of ApexOne’s investors have repeatedly invested in all three of their Funds.

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JDM Capital Hospitality Management Group provides operating and financial support for the day to day management and asset oversight of Hospitality assets. We are actively seeking Redevelopment, Re-Purposing and Acquisitions to be repositioned as a *participating mezzanine, *preferred equity, *GP, and *co-GP partner with a focus on operational control positions.

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Allagash Partners offers institutional and HNW investors strategies focused on the wealth of opportunities within the US residential real estate market, stemming primarily from the longstanding, massive shortage in affordable working-class rental properties. These investments are currently being offered as both multi-property private equity real estate funds and as single property investments for compelling opportunities that do not fit within any current Fund’s mandate. The strategies are designed to be scalable and to consistently provide 15%+ net returns while also preserving investor’s capital. Allagash, through its subsidiary Allagash Opportunity Zone Partners which is in process of registering both with the SEC as an RIA and with the CDFI Fund at the Department of Treasury as a Community Development Entity, began active investment activities in 2019 with the Allagash Opportunity Zone CRE Fund I. The firm is now launching the Allagash Multifamily Opportunity Fund I, which seeks to opportunistically purchase, intelligently renovate, efficiently manage, and strategically sell underperforming working-class rental housing properties throughout the US. Allagash was founded by Tony Barkan who serves as Managing Principal and CEO and chairs the investment and operations committees. Allagash’s senior partners bring over 100 years of commercial real estate experience with particular expertise in working-class multifamily housing especially in secondary US markets, which Allagash believes can provide investment opportunities with outsized returns and moderate risk. Additionally, Allagash believes that projects which actively seek to provide a positive social impact should generate higher returns while presenting lower risk. As a result, Allagash seeks to work closely with communities into which it invests in order to understand their community development goals and methodologies for improving stability and resiliency.

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Pine Tree understands the new retail paradigm. Uniquely positioned for the future, Pine Tree has evolved across its 25-year track record to build one of the industry’s most experienced retail real estate companies with a national, vertically-integrated, and risk-agnostic platform. A leader in the development, acquisition, leasing and management of retail properties throughout the United States, and with retail partners ranging from superstores to specialty shops and local chains, Pine Tree currently has $3 billion in assets under management.

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Sound Mark Partners LLC (Sound Mark or the Firm) is a women-owned and led private credit firm focused on commercial real estate. The Firm was established in 2013 as a team lift-out from CBRE Group, the largest commercial real estate services company globally. Led by Jenna Gerstenlauer, former Chief Investment Officer of CBRE and a 25-year commercial real estate veteran, the Sound Mark team has been investing together for over 10 years. Sound Mark focuses on making directly originated subordinate loans (mezzanine and preferred equity) to local owner-operators of commercial real estate. The Firm targets small deal sizes ($5M - $40M) in high-growth primary and secondary US locations, and emphasizes areas designated as Innovation, Eds and Meds districts. Based in Greenwich, CT, the Firm has deployed $400M across the flagship Sound Mark Horizons Fund (the Fund) and separate account vehicles.