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AECRE's 20th Annual Conference

Sponsored
The Hyatt Regency Bellevue Bellevue, Washington

Loeb & Loeb LLP is proud to sponsor the International Association of Attorneys and Executives in Corporate Real Estate 20th Annual Conference, where partner Richard A. Nardi will Chair the conference and moderate a panel titled "Capital Markets: What to do With a Financial System in Crisis - Are we Out of the Recycle Bin Yet?"

From the conference website:

Presentations by Industry Leaders and Experts

  • It Does Compute - The Corporate Own vs. Lease Decision: Current Trends and New Accounting Standards
  • Watch Your Bits and Bytes - Due Diligence Aspects of Multi-state Transactions in the Purchase and Sale of Properties…With a Twist… One Company Buying Another Company
  • Capital Markets: What To Do with a Financial System in Crisis – Are We Out of the Recycle Bin Yet?
  • Share Current Experiences in our Roundtable Discussion Groups and Workshop Settings

Selected Agenda

Saturday, April 30, 2011
10:45am – 12:45pm - Capital Markets: What to do With a Financial System in Crisis - Are we Out of the Recycle Bin Yet?

Commercial Real Estate Capital Markets faced continued uncertainty in 2010. Will 2011 bring clarity? Recent data suggest that investors are looking to expand their activities as the economy continues its slow recovery despite the considerable hurdles created by the financial crisis and its impact on commercial real estate. Total US commercial real estate investment sales volume for 2010 registered approximately $100 billion, nearly double 2009 levels, but still vastly below 2007 levels of over $500 billion. Low interest rates and the recovery of several asset classes such as multifamily properties, suggest that investors may be willing to assume slightly more risk in 2011. This year, assets located in primary markets such as New York and Washington, D.C. will continue to benefit from capital flows, while lower tier assets in secondary and tertiary markets will face hurdles in sales and financing opportunities, where increased employment levels will be necessary for asset value recovery.

  • What will troubled real estate borrowers need from their lenders in the current environment? What will their lenders be willing to do to accommodate them?
  • Loan workouts will continue to be a common activity as the “extend and pretend” phenomenon is expected to wane. Distressed sales will likely be on the rise, as workouts are not always available.
  • What about government activity at various levels? Is the government doing its part to spur recovery? What types of tax credits and other tax incentives are available to real estate investor?   

Moderator:
Richard A. Nardi, Loeb & Loeb LLP

Panelists:
Joseph S. Kopietz, Clark Hill PLC
Preston R. Sargent, Trail Creek Capital
Michael F. Schumacher, Hillis Clark Martin & Peterson P.S.