Perspectives & Projections Brings Investors Together for Outlook on Arizona’s Hot Apartment Market

Apartment Market Contact:  Cassidy Campana, AMA

Phone: 602.770.6014

Email:  cassidy@parenticomm.com

 

(PHOENIX) – The Arizona Multihousing Association (AMA) today announced the speaker lineup for their annual economic outlook event, Perspectives & Projections (P&P).   On Thursday, September 26, 2013, leaders from the rental housing industry, investors and economic development leaders will gather at the Phoenix downtown Sheraton for a half-day conference on the booming rental housing industry in Arizona.

Arizona Multihousing Association’s 2013 Perspectives & Projections

Date:               Thursday, September 26, 2013

Location:        Downtown Phoenix Sheraton

Time:               8:00am – 1:00pm

Tickets:           Members – $125.00; Non-members – $165.00, available at www.azama.org

Attendance of this conference qualifies for three hours of General Real Estate Credit from ADRE. 

Speakers:

8:30am            Opening Keynote: Michael Bidwill, President of the Arizona Cardinals

9:30am            Broker/Capital Panel 

Will the continued volatility of the global capital markets and the corresponding anemic returns generated by the stock and bond markets continue to drive the institutional capital into commercial real estate?  Limited new construction, signs of economic expansion and a low interest rate environment provide compelling justification for long-term rent growth.  Hear from experts on how they are underwriting acquisitions in today’s market and what their investment strategies are for 2014.

Moderator: Grady Gammage

Panelists:  Tyler Anderson, CBREJack Hannum, Transwestern; John Cunningham- Jones, Lang & Lasalle;  Steve Gebing- Marcus & Millichap

10:45am          Hottest Markets in the Valley

Hear from East Valley Mayors about current apartment projects under way.  The flurry of new-construction activity represents a complete turnaround from a year ago, when virtually no new apartments were being built.  The vast majority of apartment building activity is happening inside Loop 101, and we will have the East Valley leadership to talk about it.

Panelists:  Mark Mitchell, Mayor, Tempe;   John Lewis, Mayor, Gilbert;  Jay Tibshraeny, Mayor, Chandler; Jim Lane, Mayor, Scottsdale

Lunch              Keynote Speaker: Elliott D. Pollack, Economist,   Market Trends and Development Activity in Arizona

Elliot Pollack will give his insights into the apartment market as it continues to lead the real estate market recovery.  He will present his assessment of how the larger housing industry and job forecasts will affect the rental housing industry.  Operators and investors will appreciate Pollack’s in-depth analysis of the year-over-year breakdown and his forecast for where and when the new growth will occur in this industry.

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