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Here are the speakers I chose for our conference this year in case you want to follow them and their firms on LinkedIn. They will provide us the best education possible: Doug Duncan - outgoing Fannie Mae Chief Economist Nick Timiraos - The Wall Street Journal Fed whisperer Torsten Slok - Apollo Global Management, Inc.'s Chief Economist Jay McKee - CEO of multibillion-dollar repair and tenant turnover installer Lessen Zack Johnson - President of Real Estate Investments of AMH, the 2nd largest publicly traded SF REIT Margaret Whelan - 1 of the busiest M&A bankers this year Whelan Advisory Capital Markets Patrick Hamill - recently retired CEO of Oakwood Homes Oakwood Homes, part of the Berkshire Hathaway and Clayton Properties Group, Inc. families and an industry pioneer in incorporating factory-built components into homebuilding Ronny Salameh - CEO of DRB Homes, part of housing industry behemoth Sumitomo Forestry America Inc. Steve Alloy - CEO of Stanley Martin Homes, part of housing industry behemoth Daiwa House Industry Co., Ltd. Benjamin Miller - CEO of Fundrise, who brought passive real estate investing to the masses Joe Parsons - Build-for-Rent MD for Greystar, the largest apartment property manager and owner in the country Tricia Esser - CEO of the largest apartment architect in the country, KTGY Anders Gode - Head of US Real Estate Asset Management for forward-thinking Värde Partners Jason Keller - has now spoken at more of our conferences than anyone except me, and is Head of Residential for Oaktree Capital Management, L.P. John Beacham - if it can be securitized, John and his team at Toorak Capital Partners will find a way 1/2
I have spent the last 2 weeks in NY prepping for our Outlook Conference on Oct 29 by meeting with and listening to clients. The hottest 3 topics are: 1) the intriguing puzzle of why mortgage rates rose after the Fed dropped rates, which we attribute partially to rising inflation expectations over the longer term, 2) the 50-year low in existing home sales last month, which we believe is partially because of the Sitzer-Burnett real estate agent settlement, and 3) the significantly reduced home buying and rental demand in some of the country's formerly hottest markets caused by a big decline in domestic migration. I am really looking forward to our client conference on Tuesday.