March 28th, 2017
Toronto Event (January 27): Real Estate Capital Markets 2016
Queen's University | January 19, 2016
EXECUTIVE SEMINARS ON CORPORATE AND INVESTMENT REAL ESTATE
Real Estate Capital Markets 2016
Date and Time: Wednesday, January 27, 2016, 8:30 am to 4:10 pm
Venue: St. Andrew’s Club & Conference Centre, 150 King Street West, Toronto
The commercial real estate sector in general has over several years outperformed virtually every other asset class, and flows of both equity and debt capital are reflecting this. Capital appreciation has exceeded cash flow yields, continuing a nearly two-decade long "bullish" run, helped along by low interest rates, managed supply of new product, strong employment, increased housing demand and healthy financial institutions. Yet the public markets now seem to be levelling off, due in part to lower demand for natural resources and a weak Canadian dollar. The considerable maturity and institutionalization of the Canadian property markets are causing many investors to look abroad to the US, Europe, Asia and Latin America. There is uncertainty about the impact of future policies of the new federal government, especially concerning income tax and lending rates.
Retailers are coping with high consumer debt levels, currency exchange rates making goods more costly, and online shopping growth. The office sector is experiencing record levels of new construction in cities such as Toronto, Montreal and Vancouver. There is looming oversupply and falling rents in several markets. Canada's loss of manufacturing is a growing challenge for industrial real estate, while rapid technology advances are revitalizing this sector. Despite the continuation of the condo boom, rental apartments are making a resurgence and attracting institutional investors. Will population growth, immigration and aging create enough demand for this growing supply, especially at the upper end of the rent scale?
While the markets should remain stable through 2016, growth is doubtful. Will this present an opportunity for private equity firms to acquire large REITs and REOCs? Will large public entities continue to grow by acquiring smaller firms and expanding outside of Canada? Will Canadian capital continue be invested in recovering foreign real estate? On the debt side, what opportunities and challenges does the withdrawal from Canada of several major foreign institutional lenders present? When will interest rates begin to rise, and what impact will this have?
This stimulating, full-day conference will engage many of the industry's foremost leaders in an informative, candid and interactive forum. It will investigate the causes and effects of these significant trends in Canadian real estate capital markets - both current and emerging. Four insightful panel discussions will focus on REITs, REOCs and IPOs; foreign equity investment into Canada; conventional lending; and crowdfunding / alternative lending. The panel sessions will have a practical focus: analyzing current trends, forecasting future changes, and examining strategies executives can immediately implement to capitalize on opportunities and manage risks presented by emerging market conditions. The event will also provide many informal networking opportunities to build business relationships with senior executives across a broad spectrum within the commercial real estate and capital markets sectors.
- Philip Gillin, Senior Managing Director & Portfolio Manager, Canadian Property Investments, Sun Life Investment Management Inc.
- Daniel Simunac, Managing Director & Principal Officer, Raymond James Bank
KEYNOTE ADDRESS: LESSONS LEARNED IN GLOBAL REAL ESTATE INVESTING
- Graeme Eadie, Global Head of Real Estate Investments, Canada Pension Plan Investment Board, in conversation with Philip Gillin.
REITs, REOCs & IPOs: IN RECOVERY OR RELAPSE?
- Demetri Andros, Managing Director, Valuation & Advisory Services, GTA, Colliers International (Moderator)
- Mandy Abramsohn, Vice President, Financial Advisory Services - Real Estate, Ernst & Young Orenda Corporate Finance Inc.
- Mark Rothschild, Managing Director, Canaccord Genuity
- Greg Stevenson, Chief Executive Officer, Slate Retail REIT
- Antoine Tronquoy, Chief Financial Officer, Inovalis REIT
CONVENTIONAL LENDING: TRYING TO SUSTAIN UNCONVENTIONAL MARKET STRENGTH INTO 2016
- Tamara Lawson, Chief Financial Officer, Starlight Investments Ltd. (Moderator)
- Peter Capani, Vice President & Regional Manager, Real Estate, RGA Group
- Dan LePage, Managing Director, Head of US Real Estate Corporate Banking, Royal Bank of Canada
- Geoff McTait, Principal, The Blackstone Group
- Hedayat Nasoody, Director, Real Estate Corporate Banking, CIBC World Markets
FOREIGN EQUITY CAPITAL FLOWS: INFLOW TO CANADA OR FLIGHT?
- Craig Smith, President & Broker of Record, Ashlar Urban Realty Inc. (Moderator)
- Colin Catherwood, Vice President, Investments, Canada, Welltower Inc.
- Derek Dermott, Executive Vice President, Jones Lang LaSalle
- Viren Wong, Investment Director, Anbang Asset Management (Hong Kong) Co. Ltd.
CROWDFUNDING COMES TO CANADA: USING TECHNOLOGY TO FACILITATE CAPITAL FLOWS
- Chad Gemmell, Co-Founder, Real Crowd Capital Inc. & Vice President, Debt Capital Markets, Jones Lang LaSalle (Moderator)
- Craig Asano, Founder & Executive Director, National Crowdfunding Association of Canada
- Brad McDonald, Managing Partner, M+H Properties Group
- Don McDonald, President, Waverley Corporate Financial Services Ltd.
- Jason Saltzman, Partner, Dentons Canada LLP
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1300+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more About Us or visit www.ncfacanada.org.