IMN Real Estate Investing Forum in Newport on ‘Workforce’ and ‘Affordable’
June 23, 2022 – By Tom Palmer
BOSTON – Jason S. Weissman, Founder and Senior Partner of Boston Realty Advisors, the the largest Boston-based independent real estate brokerage, will join a panel of experts at the 22nd Annual US Real Estate Opportunity & Private Fund Investing Forum during a June 22-24, 2022, conference in Newport, RI.
Weissman will speak on a panel entitled “Workforce & Affordable Housing: Where Do You Play on the AMI Curve? What Will Be the Impact of Inflation?” during the sessions at Gurney’s Newport Resort & Marina, on Goat Island in Newport.
The professional sessions are organized by the Information Management Network, the leading organizer of global conferences of decision makers in the structured finance, real estate, and investment management industries.
“The largest real estate private equity funds, LPs and a broad swath of their service providers will once again be on hand to dig into the latest challenges and opportunities facing the CRE market,” the Information Management Network announced recently, “with panels on fund structuring, macro-economic drivers, disposition trends, regulatory and tax considerations, technology updates and more.”
The “Workforce & Affordable Housing” panel will take place 2:20 p.m. to 3:05 p.m. on Thursday, June 23. Subjects to be explored include the performance of workforce housing versus other housing classes during COVID, what kind of capital is entering the market, new government and GSE initiatives, operations-side initiatives that have increased revenues or decreased expenses and the role of MILTC.
Topics also to be covered are housing as an ESG play, the latest developments in tax credit and vouchers, what kind of amenities work even for those with restricted incomes, determining if there is enough left for a value-add play, choosing workforce or affordable, and debt market availability and structure.
Panelists joining Weissman at the conference are Benjie Moll, Founder and Managing Principal of Arx Urban; John Williams, Chief Information Officer and President of Avahath; Moira Kiernan Concannon, Vice President of Drake Real Estate Partners; and Chris Schilling, Director of Acquisitions of Hudson Valley Property. The discussion will be moderated by Sharif Mitchell, Operating Principal of Dantes Community Partners.
The Information Management Network is a division of Euromoney Institutional Investor PLC. Euromoney is a global business to business information-services subscription company, providing actionable data, analysis, intelligence and access through three divisions in markets where information and convening participants is valued. EII has customers in more than 160 countries and over 2,500 employees located in North America, South America, Europe and Asia.
EII provides clarity in opaque markets to help customers compete successfully. Customers are financial institutions, those involved in the extraction, trading and use of commodities, professional and technology service providers, and corporations.
Boston Realty Advisors, founded 21 years ago by Weissman and Wil Catlin, Managing Director and Senior Partner, and its associated companies, including the residential sales platform Advisors Living, completed the year 2021 with a record number of completed transactions, more than 750 sales and leases of commercial and residential properties in the Greater Boston area — and more than $1 billion in total volume.
Transactions included the final sales of the luxury condominiums at record per-square-foot prices at Pier 4 in the Seaport in the neighborhood of South Boston, developed by Tishman Speyer, all 106 units selling at an average price of $3.5 million. The high-end sales of Pier 4 residences, on the historic site of Anthony’s Pier 4 restaurant on Boston Harbor, for the first time pushed 2021 per-square-foot prices substantially past those of Boston’s Back Bay and Beacon Hill, historical leaders in residential sales in Boston.
Commercial leasing transactions for Boston Realty Advisors numbered 112 transactions, constituting 569,808 square feet over the year. BRA represented many of Boston’s premier landlords, including The Druker Company, The Davis Companies, and Synergy.
The Capital Markets Group of Boston Realty Advisors was a broker or advisor on more than 34 transactions that closed during the year, totaling $214 million. Beginning in 2022, the Group was under contract to market 38 more properties or portfolios totaling more than $437 million in value.
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