More than 250 real estate professionals joined Ariel Property Advisors for the firm’s Coffee & Cap Rates networking breakfast featuring a panel of real estate executives whose projects exemplify the event’s theme on Institutional Real Estate Capital.
Speaking in Midtown, Shimon Shkury, President of Ariel Property Advisors, kicked off the event at Club 101 with a presentation on the rise in New York City investment property sales in 2016 while referencing the firm’s newly released mid-year and submarket research reports.
Michael Stoler, Managing Director at Madison Realty Capital and Executive Producer of “The Stoler Report- New York’s Business Report” moderated the discussion with questions focused on the rent regulated multifamily area, the affordability of the booming condo space, millennials and the changing landscape of the office space, as well as interesting projects for the foreseeable future in Brooklyn, which included the Watchtower deal and the prospect of Dumbo Heights.
Panelists Ben Curtiss, the Vice President of Acquisitions & Capital Markets at Kushner Companies, and Jason Hart, the Managing Director at the Carlyle Group, highlighted their recent residential and commercial development projects. They also discussed the current state of the hospitality and retail markets as well as its growing supply being a potential concern for New York. Additionally, panelist Qahir Madhany, a Principal in the Real Estate Group at Blackstone explained why he remains bullish on multifamily assets, referencing Blackstone’s recent success with Stuyvesant town.
The program began with a presentation, given by Mr. Shkury, about trends and overall performance of the New York City investment sales market in the first half of 2016. Mr. Shkury provided a snapshot of Ariel Property Advisors’ newly released sales reports from each New York City borough. Mr. Shkury discussed where the market is today and discussed the leading drivers in each borough.
All ticket proceeds were directly donated to the nonprofit Legal Outreach. At the event, James O’Neal, Executive Director of the Legal Outreach, shared the goals and objectives of his organization, which helps young people from underserved New York City communities gain admission to the country’s most competitive colleges and universities.
Ariel Property Advisors presents Coffee & Cap Rates semi-annually to share the latest trends in the investment sales market with clients and contacts. More than 300 real estate professionals attended the previous Coffee & Cap Rates event on February 4th 2016.
Join Ariel Property Advisors at Club 101, 101 Park Avenue, for a networking breakfast and panel discussion on institutional real estate capital in 2016. A brief presentation of our latest research and insights will be provided by host Shimon Shkury, President of Ariel Property Advisors. Michael Stoler, Managing Director at Madison Realty Capital and host of “The Stoler Report-New York’s Business Report,” will moderate the panel titled “Institutional Real Estate Capital - 2016 Perspectives.”
Ariel Property Advisors presents Coffee & Cap Rates℠ semi-annually to share the latest trends in the investment sales market with clients and contacts. More than 400 real estate professionals attended the previous Coffee & Cap Rates℠ event on February 4, 2016. .
Club 101 is located on Park Avenue between East 40th and 41st Streets, just south of Grand Central Terminal. The club enjoys close proximity to the Metro North Rail Road and the 4, 5, 6, 7, and Shuttle subway lines at Grand Central.
The $72 registration fee will be donated to Legal Outreach, a nonprofit that prepares urban youth from underserved communities in New York City to compete at high academic levels.
CLUB 101, 101 PARK AVENUE
Networking Breakfast
7:30am – 10:00am
7:30-8:30 am
Breakfast & Networking
8:30-8:45 am
Presentation
8:45-9:30 am
Panel Discussion
9:30-10:00 am
Q&A + Networking
Please contact Monika Ploc
at mploc@arielpa.com
or call 212-544-9500.
Shimon Shkury is the founder and President of Ariel Property Advisors, a New York City investment property sales firm with an expertise in the multifamily asset class and development sites. In this role, he oversees all investment sales and research operations for the company. Since 2002, Mr. Shkury has advised private clients, institutions, operators, equity providers and lenders on pricing, positioning and selling assets throughout New York City.
Michael Stoler is the President of New York Real Estate TV, LLC a management consulting firm and Managing Director at Madison Realty Capital, a private equity firm. Mr. Stoler is the host and executive producer of "The Stoler Report-New York's Business Report", now in its fifteenth season.
Ben Curtiss is a Vice President at Kushner Companies focused on acquisitions and capital markets transactions. Since joining Kushner in 2009, he has closed nearly $10 billion in transactions across multifamily, office, retail, hospitality and financing sectors.
Jason Hart is a Managing Director at The Carlyle Group, a global alternative asset manager with more than $193 billion in assets under management. Mr. Hart leads Carlyle Real Estate Partner’s New York office, overseeing a portfolio of over 15 assets totaling $5.0 billion in total capitalization.
Qahir Madhany is a Principal in the Real Estate Group. Prior to joining Blackstone in 2015, Mr. Madhany spent over seven years at Westbrook Partners where he worked on a variety of real estate transactions.
Legal Outreach prepares urban youth from underserved communities in New York City to compete at high academic levels by using intensive legal and educational programs as tools for fostering vision, developing skills, enhancing confidence, and facilitating the pursuit of higher education.