Oct. 2, 2017
1 – 3 PM
Renaissance Toronto Downtown Hotel
Panel of leading industry experts
Session 1: Apartment Industry Expert Derek Lobo on How and Why Shopping Centres Should Intensify On-Site with New Apartment ConstructionRead More
- Increased revenue and NOI
- Increased retail traffic
- Increased land values
- Additional residential without foregoing air rights
- Built-in customer base for your retailers
- Maintain the flexibility to redevelop the property if/when the retail platform becomes obsolete or the area evolves
In this session, we will give an insider’s perspective on why new apartment construction is the best asset class with which to intensify your retail site. We will identify which sites are most ideal to intensify with new apartment construction, and then drill down with detailed and proven advice on:
- Where should you build?
- What should you build? Do they all have to be multi storey? Can you make money/lease apartments in two, three, and four storeys vs. Much taller?
- What’s the depth of the market?
- How much rent can you charge?
- How much you make if you build apartments and sell?
- How to finance rental apartments
- What are the financing benefits to creating mixed use?
- What does apartment/commercial financing look like?
- How to structure a deal with a “merchant apartment builder”. Are there marriages out there between apartment owner/developer and commercial?
- Where does a commercial/retail developer turn to understand how to build mixed-use?
- What is the impact of rent control?
We will review the ‘9 Mistakes Shopping Centre Developers May Make in Building and Leasing Apartments’; followed by a discussion around the financing benefits of new apartment construction over other potential asset classes for site intensification, and identify the potential pitfalls and mistakes that shopping centre developers need to avoid when building and leasing apartments. We will also discuss how preferential CMHC Financing for rental apartments will lower your cost of capital.
Session 2: Panel Discussion: Retail Industry Experts on How New Apartment Construction Was the Best Option to Intensify Existing Shopping Centre SitesRead More
Meet Our Speakers
CEO & Broker of Record
SVN Rock Advisors Inc., Brokerage
Derek is regarded as a knowledgeable expert in the Student Housing Field and in the Apartment Industry and has provided numerous seminars and training programs for every level of apartment professional, ranging from owners and property managers to leasing agents and on-site personnel. His extensive knowledge of the industry has placed him as an in-demand presenter and consultant throughout North America.
Principal Broker & President
Mark’s expertise in strategic debt structuring spans every asset class including multi-residential, student housing, hotel and resort, retail, office, medical, and single purpose properties for both construction and term financing. He has established a large network of commercial mortgage lenders and industry professionals to form a global team which creates control and leads to success.
Prior to CFO, Mark worked in Commercial Real Estate at the Business Development Bank of Canada, specifically focusing on owner user, investment properties, management buy-outs and company acquisitions.
Mark is a graduate of the University of Toronto having completed a double major Honours in Finance and Economics.
Senior Vice-President, Multi-Family
Michael has extensive experience in acquisitions, development and planning for mixed-use, high-rise commercial and residential development projects. With a distinguished career in land acquisition and multi-family development, Michael has a history of positively impacting long-term success in an extremely strategic manner. He has been involved in the development of in excess of 30,000 multi-family residential units, hotels, community facilities and mixed-use developments.
Prior to joining ONE, Michael worked for reputable residential development companies and lectured with the Schulich School of Business at York University with a focus on Real Estate and Infrastructure.
Chief Operating Officer
Dominic De Freitas
VP, Residential Development
Dominic is a trusted advisor to these large multinationals as his deep understanding of design for people has been founded in the experience of cutting edge executions of some of the first multi-family residential projects early in his career as well as past projects such as TIFF Festival Tower (Toronto) and Absolut World (Mississauga). Today, Dominic leads a studio of 12 designers with projects that include high rise, mid rise and low rise as well as purpose built-rental.