In case you were unable to take part in what has become one of the multifamily industry’s annual highlight-reel leadership events-- the just-concluded Multifamily Executive Summit in Vail, Colo.--we wanted to share a flavor of the conference, while observing the off-the-record ground rules we set up so that our executive speakers can talk freely and frankly with one another. The top-line take-aways went something like this.
You could say that the theme that over-arched the MFE Vail Summit was a blend of a “follow the money” notion, and--more powerfully--take some chances with capital and other invested resources, based on the swell of demand for multifamily housing that has changed the sector’s mentality from defensive to an offensive mode. Even as property owners and managers test the elasticity and proficiency of their operations in a relentless pursuit of net operating income, the imperative is to be aggressive early. Debt and the fresh memories of its damage still weigh heavily on past, present, and prospective investors and lenders. However, barring event-risk driven disruptions to current trends and traction, the market’s pointing to big-time opportunity—but not necessarily for one and all. More than ever, the enemy is a lack of intelligence into how to leverage net operating income excellence into sound new investment tactics.
Read more...MFE Vail 2012, Truly a Peak Leadership Experience - Multifamily Trends - Multifamily Executive Magazine
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