Navigating the Next Normal: Recent Episodes
Altus Group
Welcome to Navigating the Next Normal.
A crisis typically speeds up what was going to happen anyway. After the longest CRE expansion anyone can remember, the COVID-19 pandemic has pushed forward multiple disruptions to business as usual that have been coming for years. This crisis is exposing who was ready for change, and who wasn’t – especially when it comes to leveraging technology strategically. The winners and losers of the next cycle are being determined by how well companies are positioned to adapt today.
The multi-family sector has always prided itself on being prepared for nearly anything but who could have planned for 2020? In the age of Covid-19, the multifamily sector has been forced to embrace a variety of new challenges from social distancing to sanitization. Yet beyond the need to implement new policies and protocols, some of the greatest challenges have been related to technology. From virtual tours, to leasing we have seen a massive paradigm shift in the way multifamily needs to operate.
This week Cinnamon McCauley, Managing Director of One11 Advisors calls upon a prestigious group of panelists from around the multifamily sector to discuss the impact of COVID-19. They discuss what the asset class needs in order to push forward and how it's begun to adapt and innovate. Each guest shares some of the lessons and best practices for how their organization has responded to the challenges of COVID and provide some tangible advice on embracing the changes to technology within the multifamily asset class.
Guests:
- Jennifer Staciokas- Executive Managing Director, Property Management- Western Wealth Communities
- Gustavo Sapiurka- Former SVP, Realpage Affordable/Senior Living Markets
- Stephanie Fuhrman - Catalyst Innovation Lab, Catalyst Housing Group
- Craig Maness- Managing Director, Product Management, Greystar
Topics Discussed
Multifamily, Operations, Proptech, Affordable Housing
Amongst everything going in 2020, it's safe to say we have entered a very interesting cycle. While there are clearly some trends, started before the cycle that have been amplified, there is growing uncertainty and questions that remain unanswered. For most of the industry the task at hand is trying to get a grasp on what is all means.
This week, Scott Morey of One11 Advisors sits down with Kevin Danehy, Global Head of Corporate Development at Brookfield Properties. Scott and Kevin discuss a wide range of topics including opportunities for outsourcing, the untapped potential of technology, and Kevin’s career and unique experiences. Kevin brings his lifetime of experience to some focal points of discussion in the industry and his perspective on what's happening across the world of real estate.
Where are we now and what does the future hold?
Guests:
Kevin Danehy, Global Head of Corporate Development-Brookfield Properties
Discussed:
Office, Outsourcing, Prop-tech, Retail
Before COVID-19 landed, multiple trends were starting to emerge across the major asset classes. Demand for industrial space was on the rise, the market for apartments was strong, and flexible workspace was starting to click. But with the longest cycle in recent history coming to an abrupt end, it's difficult to predict what's next.
This week, Scott Morey of One11 Advisors sits down with Michael Levy the CEO of Crow Holdings to discuss the state of the different asset classes now and dissect the evolution of existing trends. Michael provides a perspective not only around the factors that helped shape these trends but their evolution and impact alongside COVID-19. Have the trends we've seen all been accounted for or are there brand new ones forming, ones we've overlooked?
Listen to the discussion and find out.
Guests:
- Michael Levy, CEO-Crow Holdings
Discussed:
Retail, Industrial, Apartments, Multifamily, Office, E-Commerce, Last-Mile Delivery, Proptech
It's difficult to imagine something in our lives that technology hasn't altered over the course of the past decade. Trends spanning the way we use and interact with the internet, to the power of mobility, have all greatly impacted not only the way we live but the way we work as well.
Following the financial crisis, leveraging technology to improve real estate processes has been a topic spoken about for years. However, stepping away from the hype, has the needle really moved that far?
With a new crisis at hand, many of the same challenges from the past are still being felt across the industry, but this time the conversations are different. COVID-19 is proving to be the catalyst needed to transform talk into action, accelerating the changes that desperately needed to be made.
This week, Scott Morey of One11 Advisory and a panel of guests, assess the impact of technology under a critical lens and discuss why conversations arising from today's climate are creating a call to action not seen in the previous cycle.
Are we set to push forward into a new generation of Proptech? Listen to the discussion and find out.
Guests:
- Dave Stanford, Founder & Executive Managing Consultant , RealFoundations
- John D'Angelo, Managing Director, Deloitte
- Tama Huang, Chief Innovation Officer, CohnReznick
The retail segment had already been impacted by the Amazon-effect, making online shopping and BtoC logistics commonplace for purchasing everything from a carton of milk to a Ferrari. Developers and owners responded by focusing on entertainment and services tenants that could not be disintermediated by the internet. Vacant anchor spaces were being divided and repurposed for smaller tenant communities. The “new” retail world was well on its way.
Then along came Covid. Social activities curtailed. Leading retailers filing for bankruptcy and continued acceleration of online commerce. Now what will happen?
Scott Morey of One11 Advisors and Tom McGee, President and CEO of ICSC, discuss state of the retail real estate segment. Tom brings a unique perspective with his professional services background as Vice Chairman at Deloitte and CEO of ICSC the leading industry association for shopping centers. Listen to their insightful perspectives on the new normal for the retail segment.