Speaker Slides from both Track A & B

2. And now…
Residence of the Future
Emerging Multifamily Trends and Innovations for the Next Cycle
Moderator:
Daniel Price, Co-Founder, President & CEO, OneTitle
Presenters:
Jeff Hendler, President & Chief Products Officer, Energy Technology Savings
Rachel Loeb, Director of Development, World Wide Group
Andrea Olshan, Chief Executive Officer, Olshan Properties
David Schwartz, Principal, Slate Property Group

3. Author:
Household income vs. Median Sales Price
Median Sales Price
(indexed to 2009)
Median Household Income
(indexed to 2009)
95%
100%
105%
110%
115%
120%
2009 2010 2011 2012 2013 2014 2015

4. Author:
Household income vs. Median Rent
Median Rent (indexed
to 2005)
Median Household Income
(indexed to 2005)
95%
100%
105%
110%
115%
120%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

5. Author: Olshan Properties
Planning for the Next Cycle
*Min. incomes calculated using 40-times Rule on sample set of new condo development listings in corresponding neighborhoods
**Avg. Minimum Income calculated on current market rents by unit type and neighborhood
● When challenged, renters will drive
towards value
● Avg. Minimum Gross Incomes of
renters in new condo developments are
41% higher than pre-war renters
● Neighborhoods like UWS and parts
of Brooklyn far exceed market
averages
● Traditional multifamily: lower basis –
less amenities – greater market
tolerance
● Renters of larger units (3BR) can earn
$100K less in gross income based on
product type alone

6. Author: Jeff Hendler
Residence of the Future: Emerging Multifamily Trends and Innovations for the Next Cycle
Amenities
• Fitness Area
• Larger Lounges
• Pet Friendly
IoT Devices
and Services
• Property Management
• Residential Smart Apartment
• Real Time Building Intelligence
Wi-Fi Connectivity
• Common Areas
• Mechanical Areas
• Residential
Resiliency/
Sustainability
• CHP
• Solar/Battery
• EV Charging

7. And now…
Behind the Velvet Rope
Secrets to Raising Capital and Borrowing Funds Today
Moderator:
Seth Molod, Executive Partner, Berdon
Presenters:
Eric Gray, Principal, Millhouse Peck Properties
Andrew Miller, Principal, Novel Property Ventures
Scott Swerdlin, Senior Vice President – Multifamily, Capital One
Phil Watkins, Principal, Megalith Capital Management

8. Source: Commercial Observer | June 2017
NY Multifamily Market Snapshot
Q1 2017 Q1 2016
Change
(Year-Over-Year)
Dollar Volume $1.70 Billion $3.86 Billion -56%
Transaction Volume 291 455 -36%
Price per Square Foot $432 $405 +6.8%
Cap Rate 4.51% 4.30%1
+0.21%
1This figure represents the Cap Rate as of Q4 2016

9. Megalith Capital Management
• Founded in 2011
• Real estate owner and developer focused on investments in New York City and other
urban, supply-constrained markets
• Equity commitments through Megalith Capital Group Funds as well as various institutional
co-investors
Megalith Outlook
• Capital raising and borrowing has been more challenging yet there is continued demand
for deals with strong fundamentals and rational underwriting
• Megalith’s focus: off-market deals and distressed opportunities with creative structuring
• Structured returns
• Seller financing
• Ground leases
• Land contributions
• Partnering with sponsors in need of a balance sheet and track record through co-GP
structure with Megalith as the lead developer to ensure certainty of execution
• Continued focus on the New York market and actively looking to add to our portfolio
Author: Megalith Capital Management

10. And now…
Ran Eliasaf, Managing Partner, Northwind-Group
Jonathan Kalikow, President, Gamma Real Estate
Rick Gropper, Principal, Camber Property Group
Mark Stagg, Founder, Stagg Group
New Opportunities
Discovering Hidden Gold in a Picked Over Market
Panelists:
Peter von der Ahe, Senior Managing Director, Marcus & Millichap
Moderator:

11. Author: Ran Eliasaf
NetOperatingIncome
Average Rent/SF
66 Pearl
Other Projects
VALUE CREATION
LOW LEVERAGE
ATTRACTIVE
RISK ADJUSTED RETURN

12. And now…
Design and Deliver
Managing Costs of Construction through Good Management & Innovation
Panelists:
David Amirian, Founder & Principal, The Amirian Group
Michael Feigin, ChiefConstructionOfficer–EVP, AvalonBay Communities
Dan Hollander, President, DHA Capital
Abby Hamlin, President, Hamlin Ventures
Richard Wood, President and CEO, Plaza Construction
Moderator

13. Author: Plaza Construction LLC
45 East 22nd Street
New York, NY