Reven Capital was founded in 2009 by Chad M. Carpenter our Chairman and Chief Executive Officer. Mr. Carpenter has founded and operated both public and private real estate companies as Chairman & CEO, has 28 years of real estate investing and operating experience and been involved in over $3 billion in real estate transactions. He has sponsored four private real estate equity funds, acquired, owned and operated over 1,000 commercial and residential investment properties throughout his career. He founded Reven Housing REIT, (NASDAQ: RVEN), a public company in 2012 added value, grew the company and sold it in 2019. Institutional, foreign and high net worth investors have invested with Mr. Carpenter and his sponsored investments.
Our world continues to experience vast economic turmoil in the hospitality and tourism industry. From ignorance to adaptation, we are still in the middle of so many questions and rapidly materializing solutions. The responsiveness and support that the hospitality industry has both given and received are an amazing testament to the resilience of an industry which is a backbone of our economy.
The longer range problems are fueled without solution in sight today based in a steep decline in Average Daily Rates (ADR), length of stay (LOS) and Occupancy (OCC) revenue indicators for many hotel properties. These properties are in a limbo of when next steps will occur. They need a plan for tomorrow, of being restructured, sold or refinanced with new vision and strategies.
Speakers: Joseph W. DeMatteo Sr., Nathan Whigham, Chad Carpenter, and Ana Bozovic
COVID -19 is a disruptive event of unknown impact, no one has a crystal ball that can completely predict the outcome of this macro economic trend. The wider the zoom and the longer one extends the time horizon, the hazier the view becomes. The medium-term effects of the current crisis are beginning to come into sharper focus. As they do, our panelist will take a moment to share their frontline views on capturing opportunities in Distressed Real Estate and how the current dislocation is impacting the real estate sector and how to properly position themselves to cut losses and maximize opportunities. Since the beginning of the current monthly series, the picture and timeline has and will continue to evolve. Our panelist will offer their perspectives as a snapshot in time across various types of real estate and asset classes on what they believe the future looks like to them.
Speakers: Dave Lamb, Brian M. Prenoveau, CFA, Cross Moceri, Chad Carpenter, and Steven Solomon
Reven Capital is a value real estate investment management firm focused on global real estate investments. We seek opportunistic investments in real estate, debt, real estate public securities, and special situations. We target investments in countries with established indices with volatility due to macroeconomics, cyclical trends, geopolitical situations, mismanaged companies and assets.