On Thursday, August 23, 2018 the Institute of Real Estate Management will host the third annual Alabama Real Estate Management Summit powered by the Alabama Center for Real Estate at Burr Forman LLP in Birmingham.
The conference will feature four expert speakers and a dynamic roundtable that will explore both the opportunities and obstacles in property management across Alabama’s real estate industry.
Event registration will open at 8:00 a.m. and the summit will kick off at 9:00 a.m. with a few words from ACRE’s Director of Research and Corporate Engagement and CCIM Chief Economist K.C. Conway and then segway into the summits roundtable.
A number of common obstacles will be addressed at the roundtable. What incentives are most attractive for prospective tenants? How should property managers price adaptive reuse spaces? What sectors work together best to create the most synergetic tenant profile? Laura Anderson, IREM Secretary will dive into these commonly asked questions with her panel of experts at the summit’s management roundtable. Anderson and her panel of property managers will share solutions that have proven effective in the field and offer new ideas to create opportunities where others see obstacle.
Then, Birmingham Landbank’s Eric Fancher will discuss how to work with government entities, organizations, and developers to turn properties from blight to bright. Many properties in both urban and suburban unmarketable and, in turn, unusable because the properties are burdened by the piling on of various sorts of government-created liens (tax liens, weed liens, demolition liens, etc.) and/or have clouded titles. Over time, property owners lose interest in maintaining the property because the property becomes a financial liability, rather than an asset.
Following Fancher, Felicia Yonter, vice president of Commercial Services & Community Revitalization at Birmingham Commercial Realtors Council will speak on the unique liability issues and opportunities Airbnb has posed and how associations can support members whose clients are most affected.
Yonter’s work monitoring the impact of property management issues at both the local and national levels (REALTORs, NAR Institute of Affiliates) gives her a deep perspective of the property management field.
The summit will close with Gardner Lee, President of Graham and Company, how Alabama’s property management landscape has changed over the last thirty years and what to expect in the years coming. Lee opened all of the Graham & Co offices outside of Birmingham and was an integral part of the growth of that firm. His vast experience in property management as well as development and acquisitions allows him to offer unique insight.