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FOA Fall Global Summit

FOA Fall Global Summit. Phoenix Realty Group. Residential Real Estate. PRG Institutional Investors. U.S. Public/Private Debt as a % of GDP – 1920 to Date. Behind Today’s Housing Markets The Role of Leverage. Public/Private Deleveraging

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FOA Fall Global Summit

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  1. FOA Fall Global Summit Phoenix Realty Group

  2. Residential Real Estate

  3. PRG Institutional Investors

  4. U.S. Public/Private Debt as a % of GDP – 1920 to Date Behind Today’s Housing MarketsThe Role of Leverage • Public/Private Deleveraging • Balance Sheet driven “Reset” following highest levels debt in U.S. history. • U.S. Consumer Savings Rate • Reversing several decades long trend for the first time in 50 years.

  5. Today’s Housing MarketsHousing Prices Down 30%

  6. Today’s Housing MarketsRental Occupancy Below 90% - Reduced Rents

  7. Today’s Housing MarketsMultifamily Production at 20-year Low

  8. Today’s Housing MarketsMultifamily Pricing Returns to 2001 Spreads

  9. The Future for Multifamily • Supply is Limited • Starts at historical lows • Rising interest rates will suppress development • Demand is Brewing • Occupancy at historical lows • Economic recovery and “Millennial” generation on horizon

  10. Target Product Types Broken Condos Stabilized Rental New Development for Rental Failed Condo Conversions/ High-vacancy Rental

  11. Stabilized Rental Baltimore ApartmentsLa Mesa, CA406 Units

  12. Stabilized Rental Baltimore ApartmentsLa Mesa, CA406 Units

  13. Broken Condos Trio ApartmentsPalisades Park, NJ71 Units

  14. Broken Condos Trio ApartmentsPalisades Park, NJ71 Units

  15. Failed Condo Conversions Laguna Bay ApartmentsNaples, FL368 Units

  16. Failed Condo Conversions Laguna Bay ApartmentsNaples, FL368 Units

  17. Distressed Owners and Half-Builts

  18. Investment Structures Public Funds Private Funds Partnerships Direct Ownership

  19. FOA Fall Global Summit Phoenix Realty Group

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