More than three dozen real estate experts will deal with the realities of apartment ownership in today's changing economic climate at the Real Estate Conference Group's annual apartment conferences next month.
"The heavy emphasis at both conferences will be on obtaining financing at a time when sources of funds are disappearing and on proper management of new and existing apartment projects," said Martin S. Stolzoff of the Real Estate Conference Group.
"Apartment construction has been down, but the demand for apartments continues strong as more people move to California and many find they cannot buy a house," Stolzoff said.
Daylong sessions--approved for nine hours of Department of Real Estate continuing education credit--will be held Sept. 14 at the Hyatt Regency Alicante, Garden Grove, and Sept. 17 at the Regent Beverly Wilshire Hotel, Beverly Hills.
The hours are 8:30 a.m. to 5 p.m. and the fee is $175 before Sept. 7 and $195 thereafter. Registration: (213) 836-7941 or (800) 640-6434.
Larry H. Dale, senior vice president, multifamily, at Federal National Mortgage Assn. (Fannie Mae) will be the lead-off speaker at the Sept. 14 Garden Grove session, while Michael F. Coffey, senior vice president, multifamily operations at Federal Home Loan Mortgage Corp. (Freddie Mac) will lead off at the Sept. 17 Beverly Hills session.
Discussing the economic outlook for apartments will be Sanford R. Goodkin of the Goodkin Real Estate Consulting Group, Peak/Marwick Main & Co.; Gadi Kaufman of Robert Charles Lesser & Co., and Michael S. Salkin, First Interstate Bank of California.
Lending an investor's perspective will be James S. Carlson of Equitable Life Insurance Co.; William H. Elliot of Angeles Corp.; Alan Jaffe of JMB Realty Corp. and J. Michael Welborne of Prudential Realty Group.
Developers giving their views on apartments will be Steven P. Albert, president of Forest City Development Corp.; Henry C. Casden, president of the Casden Co.; William W. Hirsch, operating partner, Lincoln Property Co., and C.C. (Harry) Mow, chairman of Century West Development.
Other panels and speakers:
Vital Financing: Mario J. Antoci, American Savings Bank; Arthur E. Lussier, Imperial Bank; James B. McKenna, Am Cal Advisors Inc., and George A. Smith, George Smith/Grubb & Ellis Financial Services.
Joint Ventures and Equity Sources: Michael W. Hogan, General Electric Capital Corp.; James G. Shaw, Haseko (California) Inc., and James R. Worms, Salomon Brothers Realty Corp.
Government Financing Programs: Terence J. Keene, York Associates; Ben Slayton, Western Bank, and John T. Sweazey, TRI Financial Corp.
Management--Enhancing Value: James Klein, R&B Enterprises, and Duncan Matteson, Matteson Investment Corp.
Tax Strategies and Tax-Deferred Exchanges: Steven B. Fainsbert, Fainsbert, Mase, Snyder & Fafenrodt, and Stan Ross, Kenneth Leventhal & Co.
Market Analysis: Michael Ela, DataQuick; Jeffrey S. Meyers, the Meyers Group, and Daniel J. O'Connell, Apartment Building Appraisers and Analysts Inc.
Marketing--Acquisition and Sale: H. Bruce Hanes, the Hanes Co. Inc., and E. Holly Norman, Coldwell Banker Commercial.
Special Presentations: Stephen E. Carlson, California Housing Council, legislative matters; Gail Gordon, Lillick & McHose, entitlements; Joel S. Moskowitz, Gibson, Dunn & Crutcher, toxics and asbestos, and Richard Peiser, Lusk Center for Real Estate Development, USC.