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Green Pearl Events Multifamily Investment Summit Gary Kachadurian Presentation

Green Pearl Events Multifamily Investment Summit Gary Kachadurian Presentation

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Green Pearl Events Multifamily Investment Summit Gary Kachadurian Presentation

  1. 1. 1<br />
  2. 2. Macroeconomic Situation Remains Tough<br />The “Shock And Awe” Stage Is Over; Most Financial Market and Economic Indicators Have Ceased Their Free-Fall.<br />Economy’s Free-Fall Is Over but Little Impetus to Sustained Growth Yet<br />Financial Markets Normalizing<br />Source:: Maximus Advisors<br /><ul><li>Consumer: job declines, high unemployment, wage pressures, wealth loss, less access to credit.
  3. 3. Businesses: stabilized but low profitability, regulatory and fiscal uncertainty.
  4. 4. Exports: global weakness persists despite improvement in some large developing countries like China and Brazil.
  5. 5. Government: stimulus is having an impact but other initiatives – climate change, health care, deficit reduction, regulation – are increasing consumer and business uncertainty and raising specter of much higher taxes ahead, counteracting stimulus policies.</li></ul>Source: Maximus Advisors<br />2<br />
  6. 6. Unemployment Will Remain High for a While<br />Macroeconomic Situation Remains Tough<br />3<br />3<br />
  7. 7. Macroeconomic Situation Remains Tough<br />Metro Economies Still Struggling Across the Nation, Past 3 Month Job Change<br />Source:: Maximus Advisors<br />Source: Maximus Advisors<br />4<br />
  8. 8. Apartments: More Pain Ahead But Then a More Rapid Recovery than Other Segments<br />5<br />Apartment Fundamentals: More Pain; Faster Gain<br />5<br />
  9. 9. Valuations Look to Generally Hit Bottom in 2010 but the Recovery Looks to Be a Slog<br />6<br />Outlook for Property Values<br />6<br />
  10. 10. 7<br />Apartment Market Dynamics<br />Apartment Market Returns More Stable than Other Sectors<br />
  11. 11. 8<br />Apartment Market Dynamics<br />Long-Run Apartment Returns Are Strong, Lower Risk Compared to Other Real Estate Asset Types<br />
  12. 12. Multifamily Starts Now Sharply Lower, Completions Set to Plummet<br />9<br />Apartment Fundamentals: More Pain; Faster Gain<br />9<br />
  13. 13. 10<br />

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