The workforce development landscape in commercial real estate is shifting dramatically, with hiring today becoming a very different undertaking than it once was. There aren't enough candidates to fill all of the open positions, and the skills gap is widening. In fact, research shows that the labor shortage is currently impacting as many as 70 percent of all commercial real estate firms. But this current talent pipeline problem can't be blamed on the pandemic and the Great Resignation alone. Factors such as employee disengagement, stagnant wages, poor work culture, financial uncertainty and a lack of mentorship have all contributed to this talent crunch. Hiring and retention have never been easy, but today's labor market has only increased the level of difficulty. So, what are commercial real estate firms to do?
Three industry veterans will share their advice and answer your questions in a wide-ranging virtual discussion.
Watch Now
You’ve heard this before: “I’m not old enough to go into senior living Or, I’ll go into senior living when I can’t.” Operators and marketers face a unique challenge of convincing seniors they don’t have to give up their quality of life to live in a seniors community.
At 2:00 pm Eastern on August 24, Seniors Housing Business will host a webinar featuring a panel of sales and marketing experts sharing strategies that engage and motivate reluctant seniors.
What you’ll learn:
How seniors view the move to senior living and why they put it off.
Digital marketing strategies that promote community living as a positive solution.
Where to invest your marketing budget for different types of buyers through the purchase journey.
How operators can leverage attribution and insights to make smarter marketing decisions.
Speakers include Jeff Gronemeyer, VP, New Business Development, Conversion Logix; Christy Van Der Westhuizen, VP of Sales & Marketing, MBK Senior Living; and Julie Podewitz, Founder & CEO, Grow Your Occupancy.
The webinar is complimentary thanks to sponsor Conversion Logix, a marketing and technology company dedicated to generating leads, appointments, and sales for senior living and multifamily housing operators.
Watch Now
Under a letter of credit, a financial institution agrees to honor a demand for payment made by a beneficiary at an applicant's request. LCs are used in various real estate transactions: to support an underlying performance obligation such as construction, or instead of cash when, for example, an escrow is required under a mortgage loan or a security deposit is required under a lease.
There are two types of LCs--commercial and standby--both follow specific rules, forms, and procedures dictated by the UCC, ISP98, or UCP. Counsel must draft and review LCs compliant with these rules and procedures and know the roles of the applicant, issuer, and beneficiary in issuing and drawing upon LCs.
Counsel should also understand the different uses for LCs and how to tailor LCs to each transaction, including expiry dates and "evergreen" clauses, whether the LC should be transferable or not transferable, and whether single or multiple draws will be permitted.
Listen as Buddy Baker, Vice President at Investment Banking Division, Goldman Sachs Bank USA discusses negotiating and drafting the critical terms in LCs and provides guidance through the annotated ISP98 forms. The panel will highlight using LCs in various real estate transactions and issues in making draws on LCs. The panel will also discuss alternative credit enhancements such as surety bonds and credit insurance and the advantages and disadvantages of each.
Watch Now
efront
This webinar to see how property fund managers can leverage on eFront Insight to access a complete analysis of all theirs funds and streamline communications and data exchange with their LP investors.
Watch Now