COVID-19: Impact on Capital Markets and New Development
Will investors take a “wait-and-see” approach in the wake of COVID-19? The last decade has seen record levels of apartment sales and new construction. How quickly will the spigot turn off?
Join RealPage Chief Economist Greg Willett, VP/Deputy Chief Economist Jay Parsons and special guest Jim Costello, Senior Vice President at Real Capital Analytics for the live webcast, COVID-19: Impact on Capital Markets and New Development, where they’ll address what lies ahead and discuss:
- Do our fundamentals make us an attractive area for investment even during this crisis?
- What can we expect from Freddie Mac and Fannie Mae? Will they fill the gap, and should other lenders step back?
- What happens with all that new construction in various stages of the pipeline?
- What types of deals are most likely to succeed, and what won’t work as well going forward?
No one has all the answers in these unprecedented circumstances, but in this engaging webcast, we will do our best to address your questions.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Jay ParsonsDeputy Chief Economist and Vice President of Asset Optimization, RealPage, Inc.
Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.
Jim CostelloSenior Vice President, Real Capital Analytics
Jim Costello has worked in the CRE space on issues of urban economics since 1990, including a 20-year stint at Torto Wheaton Research. Jim expanded the reach of the Torto Wheaton Research team developing forecasts of global market fundamentals. He also developed approaches to pair the forecast results with frameworks to answer investor questions on asset values and relative investment opportunities. In the aftermath of the Global Financial Crisis, Jim provided advice to the Treasury Department and helped educate these professionals on commercial real estate performance. Jim is a member of the Commercial Board of Governors of the Mortgage Bankers Administration, where he helps policy makers understand the commercial real estate industry. Jim is expanding the capabilities of the Real Capital Analytics team on issues of real estate market dynamics. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate.