Mr. Daniel Kattan is a Principal and Co-founder of PIA Residential "PIA". Today the company owns and operates over 1,200 multifamily units across the southeast. Mr. Kattan serves as the Managing Partner of Capital Markets and is responsible for all aspects of capital raising and investment activity. Throughout his career, Mr. Kattan has more than 15 years of real estate experience and has been involved in the financing and acquisition of over 1000 single-family and multifamily units. He was instrumental in the financing, refinancing, and disposition of PIA's portfolio and was responsible for structuring more than $180 million in non-recourse debt.
Mr. Kattan is also the Founder and CEO of the real estate platform Sell2Rent and the Co-Founder and Executive Manager of W.I.N.E. The Wharton International Network of Entrepreneurs, a nonprofit in conjunction with the Wharton School of Business.
Prior to creating PIA, Mr. Kattan distinguished career was comprised of senior positions with both Countrywide Financial and the Pan-American Investment Fund for Chile's Grupo CB. He advised investors consulting on non-performing note pools and focused on the financial, real estate, transportation, and infrastructure sectors in these roles. He also successfully launched internet services, advanced telecommunications, and biotechnology companies.
Currently, Mr. Kattan serves on the Board of Advisors for BBVA Bank, the Planning and Zoning Board of the City of Hallandale, the Advisory Board for the Center of Advanced Jewish Education, and Chairman of Board of C.H.A.P., the Community Hebrew Afterschool Program. Mr. Kattan is a member of the Entrepreneur Organization "E.O" and a frequent contributor to the Forbes Business Journal.
Mr. Kattan graduated cum laude from Northeastern University with a B.A. in Industrial Engineering. He attended The Wharton School of Business at the University of Pennsylvania, where he earned an M.B.A specializing in Finance.
Embark on an enlightening journey to explore the strategic investment landscapes of Class B multifamily properties within the vibrant Sunbelt region. This presentation is tailored for discerning investors seeking to penetrate an underexploited segment of the real estate market that promises above-average returns and long-term capital appreciation. By focusing on the Sunbelt, you'll learn about the synergies of investing in a region experiencing an influx of population growth, robust economic development, and an increasing demand for rental housing. This presentation is your gateway to understanding how these assets can diversify and strengthen your portfolio, providing a hedge against inflation and a steady stream of income. Join us to unlock the secrets of capitalizing on the Sunbelt's booming real estate market and position yourself at the forefront of this investment frontier.
Speakers: Danny Kattan
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.
Speakers: Danny Kattan
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.
Speakers: Danny Kattan
Join PIA Residential’s upcoming webcast discussing our recently awarded Savannah, Georgia multifamily property. The webcast will cover our bullish thesis on multifamily assets located in 3rd tier municipalities, that possess large industrial employment centers, like ports, shipyards, and military installations. We will provide deep insight into our analysis and provide a glimpse of the internal mechanisms utilized to assess risk and choose our acquisitions.
We will provide an overview of our due diligence process from previous property acquisitions at Crystal Lake (Pensacola, FL) and St. John’s Pointe (Jacksonville, FL). We will share why we chose these properties as foundational components to our broader multifamily portfolio strategy and discuss how the assets have performed through COVID on both the property and investment levels.
Additionally, we will provide a comparative analysis on the different investment structures, individual SPVs (Special Purpose Vehicles) vs. a Fund. As well as an introduce our 2 newest offerings, the PIA Workforce Housing Fund and the PIA Hard Money Lending Fund.
Speakers: Danny Kattan
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.
Speakers: Danny Kattan
Private Credit offers the potential for a strong alternative to traditional fixed income but it is important for investors to understand the different types of private credit–especially in uncertain times like now. In this panel, we will explore the various strategies and their opportunities and risks. We will focus on both the challenges and opportunities in this current pandemic environment...
Speakers: Camilo Nino, Rafael Serrano, Rob Jafek, Danny Kattan, and Elena Gertsberg
In "The Impact of Technology on Real Estate," I will discuss emerging technology that will affect various real estate asset classes. Many real estate investors are not including technological risk in their evaluations of opportunities. Having these technological advances on your radar will create an opportunity for you to assess how they will directly or indirectly impact your potential investments. The pace of the adoption of technology is much quicker than markets anticipate. We will dive into a few technologies that are colliding into each other, reinventing products, services, and industries. I will also discuss how COVID along with technological advancement will expedite the timeline for change, just as the 2008 crisis saw the birth of the "Sharing and Gig Economy" the COVID crisis will see the birth of the "Collaborative and Distance Economy."
Speakers: Danny Kattan
The panel will explore COVID-19’s impact on occupancy rates, rents, valuation, cap rates, and predicting market trends over the next several months.
Speakers: Matthew I. Kramer, Danny Kattan, Tony Barkan, and Nate Kline
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.