ULI Charlotte: Housing: The Next Wave

When

2024-05-21
2024-05-21T08:00:00 - 2024-05-21T11:00:00
America/New_York

Choose Your Calendar

    Where

    East CLT Room at Bojangles Entertainment Complex 2700 E Independence Blvd Charlotte, NC 28205 United States

    Pricing

    Standard Pricing Until May 13 Members Non-Members
    All Types $65.00 $90.00
    Pricing
    All Types $80.00 $110.00
    REGISTRATION DEADLINE: MAY 19
    This dynamic symposium will delve into the economic forces shaping the housing market. The program will feature insightful discussions around:
    • The Economic Landscape: Dissecting the factors influencing housing, from capital constraints and local building costs to the impact of interest rates.
    • The New Wave of Housing: Discover innovative solutions and trends emerging in the market that could reshape the future.
    • Strategies for Housing Attainability: Explore actionable solutions for creating more housing options for the community

    Agenda

    Registration and Networking
    8:00am

    Market Overview
    Shaun McCutcheon, Zonda
    8:30am
    Learn the latest housing market insights on newconstruction in the Charlotte area.

    Multi-Sector Housing Panel
    8:45am
    Hear more about the factors influencing housing from capital constraints, local building costs, and the impact of interest rates; explore actionable solutions for creating more housing options; and trends that are reshaping the future of housing.
    Moderated by Liz Ward, Give Impact and featuring Yates Dunaway, Crosland Southeast, Mark Ethridge, Ascent Real Estate Capital, Nicole Frambach, NVR, Inc., and Jason LaBonte, Crescent Communities.

    The Future of Housing
    Tim Cornwell, The Concord Group
    10:10am
    We are facing a paradox - short-term over supply constraints conflict with long-term demand growth fueled by population trends rising affluence, income substitution. To bridge this housing gap, innovative solutions like new construction technologies and alternative housing types must be explored.

    11:00am - Adjourn

    Speakers

    Speaker

    Shaun McCutcheon

    Vice President, Advisory, Zonda

    Shaun McCutcheon is Vice President of Advisory at Zonda, a leading housing market research firm and data provider. Shaun has 22 years of experience in the Real Estate Industry and specializes in market analysis for custom consulting assignments for land developers, homebuilders, and investors. Shaun regularly works all over the United States on a variety of asset types and is based in Charlotte.

    Panelist

    Yates Dunaway

    Senior Vice President, Crosland Southeast

    As Senior Vice President of Multifamily, Yates is responsible for sourcing, underwriting, and managing market-rate multifamily development and acquisition opportunities for Crosland Southeast. Prior to joining Crosland Southeast, Yates was a Principal with TriBridge Residential, an Atlanta-based owner, developer, and operator of market-rate apartments throughout the Southeast. While at TriBridge, Yates led investments in North and South Carolina, while also covering North and Central Florida. Yates began his real estate career in Chicago with Greenfield Partners, a manager of opportunistic real estate funds. Yates is married with three children, and enjoys active weekends with them.

    Panelist

    Mark Ethridge

    Ascent Real Estate Capital

    Mark Ethridge is the Managing Principal of Ascent Housing and a Partner of Ascent Real Estate Capital. Ascent Housing has been a leader in Charlotte’s response to the affordable housing crisis, leveraging over $225 million to preserve 1,500 units of naturally-occurring affordable housing (NOAH) since 2019. Prior to joining Ascent, Mark was a Vice President at Bellwether Enterprise Real Estate Capital where he arranged debt and equity financing for multi-family, mixed-use, office and retail projects. Mark currently serves on the boards of Housing Impact Fund, Roof Above, Housing Collaborative and Renaissance West Community Initiative. He co- chaired the City of Charlotte’s Source of Income ad hoc advisory committee in 2021/2022 and has served on a variety of multi-sector initiatives addressing housing affordability and homelessness in the Charlotte region. Mark is a Charlotte native and graduated from Princeton University in 2010.

    Panelist

    Nicole Frambach

    Market Manager - Land Acquisition, NVR, Inc

    Nicole Frambach has been with the national home builder, NVR (operating as Ryan Homes) since 2017. Working as a Market Manager of Land Acquisition, her key duties focus on strategic site acquisition through relationships with Land Sellers, Brokers, Developers, and Municipalities. In this role, Ms. Frambach facilitates the contracts and discussions between landowners, brokers, developers, engineers, and municipalities to encourage the timely and cost-efficient development of each new community. Ms. Frambach graduated in 2007 from East Carolina University, where she earned a BS in International Business and Finance, and a BA in French. She is licensed in North Carolina, South Carolina, and Virginia and is an active member of the Urban Land Institute (ULI). She serves as part of the ULI Charlotte Program Committee, Management Committee, and Women’s Leadership Initiative, where she was recently awarded the Prologis scholarship to encourage her engagement on the ULI global level.  Outside of the office, Ms. Frambach enjoys traveling, spending time with her family and chickens, and working out with Females in Action (FiA), a peer-led workout group, whose mission is to make women stronger in all areas of their lives.

    Panelist

    Jason LaBonte

    Executive Vice President and Chief Investment Officer, Crescent Communities

    Jason LaBonte, Executive Vice President and Chief Investment Officer joined Crescent Communities in 2016. He oversees Crescent Communities’ investment strategy, capital markets and finance activities across the platform including multifamily, commercial, build-to-rent and investment management business. As a part of this role, he is responsible for joint venture equity and debt relationships, underwriting, finance, dispositions and coordination with asset management functions. He is also a member of Crescent Communities’ Investment Committee and a member of the Board of Directors. Jason plays a key role in strategic initiatives and the acquisition and development of assets. Jason has over twenty-five years of real estate experience and more than twenty years of capital markets and private equity experience working as a Managing Director for Bank of America Merrill Lynch both in New York City and Charlotte, where he executed over $50 billion in transactions within the firms Leverage Finance, Real Estate Investment Banking and Global Strategic Capital groups. Jason was most recently with Centennial Holding Company, LLC, as Managing Director of Corporate Development, leading the firm's efforts for capital raising while also focusing on strategic planning, platform development and investor relations. Jason has served on numerous for-profit boards including Archstone Inc., IPREO, Themarkets.com and the National Stock Exchange. Jason received his Bachelor of Science in Civil Engineering from the Georgia Institute of Technology and has an MBA with a focus in finance from the Goizueta Business School at Emory University. Jason also holds the designation of Chartered Alternative Investment Analyst. Jason currently serves on the Charlotte city advisory board of Shelters to Shutters and formally served for the Board of Carolinas Student Hunger Drive, a non-profit dedicated to reducing hunger in the Carolinas. He is also active with ULI as a member of the Capital Markets Committee and Multifamily Platinum Council. Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 77 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities.

    Moderator

    Liz Ward

    Founder & Principal, Give Impact, LLC

    Liz Ward is owner and principal of Give Impact, an advisory services company founded in 2020 to help bring more participants and creative solutions forward to address the affordable housing need in the Charlotte MSA. Give Impact exclusively works with developers and funders who desire to make a difference in equity outcomes through strategic investments in real estate. Liz’s team helps clients clearly identify the impact they want to make, ways to creatively maximize their resources and development plans, and ultimately guide them to a strategy (and investment opportunities) that will make a lasting impact on their community. Clients include non-profits, foundations, municipalities, private companies, and market rate developers. Give Impact is advising in the placement of over $22MM+ in private capital and helped negotiate the city’s first formal Community Benefits Agreement with the West Boulevard Coalition. Give Impact is registered as a MWSBE firm through NC’s Historical Underutilized Business Program. Liz brings a unique perspective to her clients with over 15 years in the commercial real estate industry spanning across corporate, small business and non-profit companies. She has worked in many capacities, including both lending, ground up development, property acquisition and capital advisory work. She has underwritten more than 6,500 multifamily units and has helped secure various types of capital including traditional equity, construction debt, permanent debt, municipal debt, tax credit equity, grant capital and private/corporate participations. Prior to starting Give Impact, Liz was an affordable housing developer for DreamKey Partners (previously The Housing Partnership) and a relationship manager for Wells Fargo providing construction lending to local private real estate developers in the Carolinas Liz is a Charlotte native and proud mother of two.

    Speaker

    Tim Cornwell

    Principal, The Concord Group, LLC

    Tim Cornwell is a Principal in the San Francisco office. With a career spanning nearly two decades at The Concord Group, Mr. Cornwell has completed over 600 engagements a year for several dozen clients covering a wide variety of analysis/product types and real estate asset classes. During his tenure, Tim has completed engagements in 30 U.S. States and 12 countries. Tim is an expert in market-based urban infill development strategy, delivering a best-in-class quantitative/qualitative approach to solving macro- and micro-economic challenges facing urban redevelopment around the United States. Tim is a frequent speaker on multi-family development, urban infill trends and issues facing his Gen Y peers, and is active with the Urban Land Institute, SPUR and other industry-leading organizations. Tim also leads The Concord Group’s affordable housing practice, completing more than forty engagements annually in support funding applications, acquisitions, and planning efforts. Tim, a native of the San Francisco Bay Area, is a graduate of Pomona College with a degree in international relations and economics.