Planning reforms (2021)

Planning reforms
The government's planning reforms are in full swing, and this webinar explores the most significant developments over the past year, covering topics including:

  • Planning White Paper / Planning Bill Update
  • Environment Bill
  • Use Classes Order Reforms
  • Permitted Development Rights / Article 4 Directions
  • Building Safety Levy / Residential Property Development Tax
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Spotlight

OTHER ON-DEMAND WEBINARS

2019 REAL ESTATE TRENDS The Best Cities and States For Real Estate in 2019

MultifamilyU

The Booming US and World Economies, Jobs, Inflation, Unemployment, Consumer Confidence Can they support more growth? What to expect in 2019, and beyond. The Looming Impact of Rising Rates including how many interest rate hikes are likely in 2019 and when the shockwaves will hit real estate the hardest. This is an important consideration for making buy, hold, and sell decisions. The Story of Apartment Trends in 10 Dynamic Charts Why does workforce housing rent growth continue to be far above both the 10 year and the 30 year trend lines, this late in the cycle? Best Cities in the US for Real Estate in 2019 Single Family, Multifamily and New Development. Top picks from Forbes, Realtor.com and Yardi.
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Spring 2019 Real Estate Economic Forecast

URBAN LAND INSTITUTE AMERICAS

The ULI Center for Capital Markets and Real Estate was founded in 2009 with a mission to promote understanding of the real estate capital markets and provide leadership in fostering a healthy and productive real estate capital markets sector. ULI currently is engaged in real estate finance and capital market activities and programs across the organization, and the Center is integrally involved in developing, guiding, and/or showcasing both ongoing and new programs.
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Structuring Preferred Equity Investments in Real Estate Ventures: Impact of True Equity vs. "Debt-Like" Equity

PEIs, together with mortgage loans and mezzanine loans, are often a critical part of the capital structure used by sponsors to fund real estate ventures. The terms of PEIs can vary considerably. On one end of the spectrum are PEIs that are economically and functionally equivalent to a mezzanine loan, though structured as equity and not debt. On the other end of the spectrum are PEIs that are pari passu with the sponsor's equity. In any context, a PEI's equity is subordinate to all of the real estate venture's debts. PEIs typically earn a higher rate of return on the investment than debt financing. They may earn a share of cash flow beyond a stated rate of return and any capital appreciation. The preferred equity investor generally has consent over "major decisions" (the list of which can range from a small handful of items to an extensive list), may have buy-sell rights, forced sale rights or put rights, and typically have removal rights (the right to remove the managing member or general partner of the real estate venture and replace it with the PEI or its designee). Removal rights can run the gamut from being limited to bad acts or being performance-based. To achieve all the benefits of PEIs and mitigate the risks, counsel to investors and the recipient entity must negotiate and structure key terms that address matters such as exit strategy, remedies in the event of the entity's default, issues surrounding a change in control, and the impact of an entity bankruptcy. Also, counsel must anticipate and address tax implications for the entity and the investor in the PEI agreement. Listen as our authoritative panel prepares counsel to real estate lenders, investors, and borrowers to structure, enforce, or challenge PEI agreements in the current real estate market. The panel will compare and contrast PEIs vs. mezzanine financing. The panel will also outline the key points of negotiation and agreement provisions for the equity investor and the real estate developer, including remedies for default, change in control, exit strategy, the impact of bankruptcy, and tax implications.
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Affordable Housing Opportunity Zones

Lorman

Opportunity Zones offer great promise for new investment in low-income areas and affordable rental housing in those areas. Regulations and guidance continue to evolve. This topic will take a deep dive into Opportunity Zones, explaining the current guidance and exploring potential issues in structuring transactions with a focus on affordable housing. Panelists will discuss potential benefits and the challenges to structuring transactions. This information is a great fit for anyone looking to get a better handle on Opportunity Zones and explore their benefits and limitations.
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