Real Estate Committee

Sponsored by ABI's Real Estate Committee The commercial real estate economy has weathered back-to-back storms: a global pandemic, which brought swift changes in demand across asset classes and geographic markets, and aggressive Federal Reserve actions to curb inflation with rate hikes, which have finally begun to ease. As we kick off a new year, the ABI Real Estate Committee is presenting a Commercial Real Estate Economic Outlook featuring Brandon Svec, National Director of Analytics for CoStar Group. Brandon will share his views on where things stand on a macroeconomic level, by property type, and on other forces impacting this sector, enabling ABI members to stay ahead when new real estate matters cross their desks. Plus, he frequently presents on the real estate economy to leading lending, development, acquisition, and brokerage firms across the nation. The program will cover key questions, such as: Which asset classes and which parts of the country are showing elevated distress that could present opportunities for ABI members in the year ahead? Is the change in the demand for office space permanent? What impact might the leadership transition in the White House and Congress have on the real estate economy? *This webinar is no longer approved for CLE credit in WI.

Hosted by ABI's Real Estate Committee Commercial real estate continues to be top of mind for restructuring professionals nationwide, as Federal Reserve interest rate policy to curb inflation is impacting values at the same time as rapid changes in supply and demand within several asset classes have taken hold. ABI's Real Estate Committee is honored to host a commercial real estate economic outlook presentation featuring Martin Lavelle, senior business economist with the Federal Reserve Bank of Chicago, to provide important market intelligence. Lavelle’s research topics include construction and real estate, consumer spending, rural economic development and more. He is heavily involved in the formulation of the Chicago Fed’s Beige Book submission by moderating roundtables of key business contacts and regional stakeholders. This program will cover such key questions as which markets appear to be under the greatest pressure, the status of the return-to-office environment and key indicators to watch as this sector evolves, what is going on in other major asset sectors, whether construction prices are subsiding, what the general sense is about the enormous amount of near-term debt maturity in light of market values, and whether there is stress on the community banking system given higher concentrations of real estate lending. The webinar will include time for Q&A.

Hosted by ABI's Real Estate Committee The hospitality sector is one of the commercial real estate asset classes that has endured profound changes since the pandemic, both positive and negative. Pent-up demand for travel, flexible work schedules and strong consumer spending are driving demand in some sectors, while remote work has fundamentally changed business travel, which is straining occupancy and profits at properties that historically have relied on this steady stream of business. There are significant pockets of distress among hotel owners, particularly those facing maturing mortgage loans at a time of higher borrowing costs and more stringent lender underwriting requirements. This is against a backdrop of slowing hotel industry revenue growth, sticky inflationary pressures on labor and operating expenses, and sharp increases in property insurance costs. ABI's Real Estate Committee is pleased to provide this opportunity to dive into the hospitality sector with 45-year industry veteran Frank Nardozza, chairman and CEO of REH Capital Partners, LLC, a national investment and advisory services firm focused on hospitality investment, finance and consulting. He previously served as the National and Global Real Estate and Hospitality Consulting Practice Leader for KPMG. The program will conclude with a live question-and-answer session.

Hosted by ABI's Real Estate Committee Commercial real estate continues to be the sector to watch for restructuring professionals, as decreasing property values and increasing interest rates will be colliding with $1.5 trillion of debt maturities over the next four years. This informative program will provide a clear and comprehensive understanding of where the market stands and may be going as we head into the last four months of the year. Where are we in the current economic cycle? How have higher interest rates impacted the commercial real estate market this year, and what will the ramifications be next year? What can asset-class-level fundamentals tell us about commercial real estate trends in 2024? Xander Snyder, senior commercial real estate economist at First American Financial Corporation, will be providing his valuable input on the above questions and more. His research focuses on economic trends impacting commercial real estate, such as demographics, fundraising, investments and commercial lending. He also monitors, analyzes and reports on economic data and surveys related to commercial real estate, and develops models and forecasts to better understand the forces that influence commercial real estate markets."

Sponsored by ABI's Real Estate Committee According to Trepp, $109 billion in commercial mortgage-backed securities (CMBS) loans was issued in 2021. These loans are popular among income-producing-property investors for a variety of reasons, including favorable rates, attractive loan-to-value ratios, a streamlined underwriting process and more. However, given their structure as investment vehicles, technical nuances come into play in workout and restructuring situations because of the special servicers and trustees involved. While bankruptcy filings are rare because filing typically violates a loan covenant known as a “Bad Boy provision," for some borrowers this path makes sense. This program will focus on these issues and more to prepare attorneys, financial advisors and other professionals for future restructuring assignments in this unique space.

Sponsored by ABI's Real Estate Committee The private and for-profit college, university and school sector continues to be challenged due to decreasing enrollment, cost structures and increased competition from community colleges, area technical schools and online offerings that students turned to during the pandemic. It is estimated that there are hundreds of these real estate-heavy institutions, which can have campuses with substantial improvements having been made, or they can operate solely in leased space. This program will focus on how the real estate footprint of these institutions can be utilized in connection with other turnaround strategies to achieve a turnaround or restructuring. The discussion will include public/private partnerships for parking, dormitories and more, sale-leasebacks and bridge financing, lease restructurings, monetizing surplus real estate, developing owned real estate, and marketing closed campuses for repurposing or redevelopment.

Hosted by the Business Reorganization and Real Estate Committees Join this panel of experts as they offer their perspectives on the state of the real estate and real estate-based business economy as we reach the six-month point of the post-COVID-19 recovery period. Armed with the benefit of pent-up demand and states and businesses moving to fully reopen over the summer, plus the start of the lucrative holiday shopping season, these proven real estate restructuring professionals will offer their thoughts on the sectors that have weathered the storm and the factors that will enable some borrowers to restructure, while others will be forced to liquidate. Additionally, the panelists will identify which sectors could see storm clouds on the horizon.

Sponsored by ABI's Real Estate Committee Please join ABI's Real Estate Committee for a dynamic 2022 economic outlook presentation featuring a real estate economist and professionals. Topics will include a review of the industrial, hospitality, retail and office sectors; the impact of inflation on the real estate economy; last-mile logistics; and other timely topics to arm practitioners with important knowledge about the real estate economy. The program will conclude with a question-and-answer period.

Hosted by the Real Estate and Secured Credit Committees This session will explore current trends in distressed real estate, along with strategies for secured creditors, borrowers and investors as they continue to weather the pandemic, the legal implications of recent legislation and case law, and more.

Hosted by ABI's Real Estate Committee Join this panel of subchapter V trustees and attorneys counseling debtors and creditors as they review the basic tenets of the subchapter V legislation, including revisions made to the CARES Act of 2020, with a focus on real estate-based cases. Topics for discussion include unique issues in play, common types of real estate cases being filed, success stories, debtor watchouts, and misconceptions about the role of subchapter V trustees.