Opportunity Zones: The What, Why, & How for CRE Professionals

Investor Management Services, LLC

The US economy relies on a handful of major cities to drive new business and growth, while economically distressed communities continue to see declines in local businesses. Opportunity zones were developed to address some of these disparities and ultimately create a new asset class. But while opportunity zones have been a hot topic in the commercial real estate industry for the past couple years, there are still a lot of misconceptions about this initiative.
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Spotlight

AIMCo became a Crown Corporation on January 1, 2008 under the statutory mandate of The AIMCo Act, with the Province of Alberta as our sole shareholder. We invest globally on behalf of our clients, a diverse group of pension, endowment and government funds in the Province of Alberta. Our fiduciary duty is to act in the best interests of our clients in accordance with their investment policies to maximize investment returns without undue risk of loss. AIMCo’s Board oversees all key investment decisions, regulatory compliance and adherence to internal policies, including AIMCo’s Code of Conduct.

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THE AMAZING STORY OF HOW OUR BANKING AND FINANCIAL SYSTEM CHANGED REAL ESTATE FOREVER, AND WHAT YOU NEED TO KNOW ABOUT COMING CHANGES

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During This Live Webinar, You Will Learn - Why today’s world would be “Unthinkable” just four short years ago - How the largest economic experiment in the world’s history started in 2008, and is now getting close to a tipping point. This experiment has always failed. Will it succeed this time? -Why the king of bonds Bill Gross says that a $10 Trillion supernova is waiting to explode
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Get the latest housing market forecast information in Zonda’s Q4 Housing Forecast webinar replay. Tune in below to hear a national economic and housing update from Ali Wolf, chief economist. Then take a deep dive into Atlanta’s housing market with Andrew Wilson, principal of advisory. Lastly, take a tour of Nashville, Raleigh, and Charlotte’s housing market stats with Shaun McCutcheon, vice president of advisory. Watch the recording now to learn about regional differences in the housing market and discover new and existing home pricing trends.
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Hotel Acquisition Due Diligence: Seller's Representations and Warranties, Indemnification, Timing

When purchasing a hotel, counsel must advise clients that the due diligence must include analysis of the physical assets associated with the property (i.e., the hotel structures, parking, systems, equipment, and inventories), as well as the operating business conducted at the hotel facility and the relevant markets and environment. When developing a proposed acquisition price, the buyer must make assumptions about future market conditions and the hotel's performance within that market. A discounted cash flow on stabilized operating projections will reflect these assumptions. Thus, a preliminary business plan must reflect assumptions as to physical facilities and condition, management, affiliation, and other factors to assess the potential acquisition realistically. In today's market, the time allotted for due diligence, deposits going non-refundable, and closing has been significantly compressed. All sophisticated buyers know they must act quickly. Counsel should assist in coordinating the due diligence team and start the process as soon as possible. Counsel should also coordinate with clients to prioritize and push critical areas of due diligence to identify and evaluate potential deal-breakers early. Many buyers do not focus enough on seller representations and warranties--even with significant disclaimers in the purchase agreement. Diligent preparation can flush out critical physical and operational hotel issues that only a seller or its management company would understand. Even if the seller is unwilling to make a specific representation and warranty on a particular condition, focusing on the issue upfront will help frame the buyer's post-signing due diligence. Likewise, indemnification clauses are not a haven for buyers. The language is typically inadequate to protect a buyer from additional costs avoidable with proper due diligence. Indemnification generally applies only for breaches of representations and warranties, and if the seller limits or qualifies its representations and warranties, the indemnification provision may not be triggered. Listen as our authoritative panel discusses the legal concerns in hotel acquisition and due diligence, conducting a proper investigation, and evaluating the data to provide the buyer with more alternatives, lower costs, and negotiating power to deal with the issues.
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How To Enter the Luxury Real Estate Market

Breakthrough Broker

Entering the Luxury Real Estate industry can be intimidating. How do you even begin? What tactics help you find qualified buyers and high-end sellers? Ben answers these questions during this On-Demand Webinar. During this webinar, Ben discusses specific strategies and real-life scenarios he's experienced while selling numerous multi-million dollar homes. Ben’s ambitious and industrious nature has worked in his benefit during his pursuit of becoming a top Los Angeles Luxury Real Estate Agent.
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Spotlight

AIMCo became a Crown Corporation on January 1, 2008 under the statutory mandate of The AIMCo Act, with the Province of Alberta as our sole shareholder. We invest globally on behalf of our clients, a diverse group of pension, endowment and government funds in the Province of Alberta. Our fiduciary duty is to act in the best interests of our clients in accordance with their investment policies to maximize investment returns without undue risk of loss. AIMCo’s Board oversees all key investment decisions, regulatory compliance and adherence to internal policies, including AIMCo’s Code of Conduct.

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