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Fort Worth's Multifamily Boom!

Rob McConnell

Rob McConnell

Principal

Ventures Development Group

Michael Becker

Michael Becker

Principal

SPI Advisory

Cindy Harris

Cindy Harris

VP, Development

Lang Partners

Sheila Carter

Sheila Carter

Senior Regional Vice President

Lincoln Property Company

Bexie Nobles

Bexie Nobles

Director of Community Relations

Republic Property Group – Walsh

Joey Tumminello
Moderator

Joey Tumminello

Associate

Institutional Property Advisors (IPA)

Rob McConnell

Principal

Ventures Development Group

Rob McConnell serves as Principal of Ventures Development Group, LLC. As a Founder of the firm, Rob’s driving vision is to deliver quality real estate developments to the communities it serves, to provide risk-weighted and above average returns to its investment partners, and to maintain the highest integrity in all interactions with its design, construction and business partners.

In addition to overall development management, Rob is primarily responsible for structuring debt and equity financing, overview of market and project analysis, and construction management. Rob embarked on a career in commercial banking in 1986 and ultimately served as Executive Vice President for a Super Regional bank overseeing commercial, corporate and real estate lending operations exceeding $1 billion. Additionally, he held an Executive Vice President position at le Triomphe Property Group, where he managed the development firms’ equity and debt financing. Rob earned a Bachelor of Science degree in Economics from LSU, and a post-graduate degree from the Graduate School of Banking of the South. He resides in Baton Rouge, Louisiana, is a member and Deacon of First Presbyterian Church, and currently serves on several non-profit boards.

Michael Becker

Principal

SPI Advisory

Michael Becker is a Principal at SPI Advisory LLC and heads SPI’s Dallas, Texas office where he oversees all aspects of property operations, including asset management, property management oversight, accounting and taxation, capital improvement and renovation projects and investor relations. Michael is a lifelong resident of North Texas and a graduate of The University of North Texas with a BBA in Finance. He is married and has two young children.

Michael is a 15 year veteran Commercial Real Estate Banker and has originated and managed numerous portfolios of permanent and bridge loans in all major asset classes. Over the last 5 years of his banking tenure, Michael focused exclusively on multi-family properties, where he was the number one loan producer for his division at a Top 3 National lender for his last 3 consecutive years.

As a Portfolio Manager, Michael directly oversaw the management and financial performance of the countless C & B class Multi-Family properties he originated loans for. As a result, he accumulated an exceedingly diverse network of suppliers, contractors, consultants and service providers during his tenure. This gives him the ability to quickly and efficiently implement a breadth of value-added strategies for a fraction of the typical cost.

Cindy Harris

VP, Development

Lang Partners

Cindy Harris has managed the development of more than $550 million in mixed use and

multifamily projects throughout the United States. She is known as a talented team builder and

leader in every aspect of mixed use and multifamily development and project management. Her

insights and knowledge come from more than 20+ years of executive level experience: crafting

business plans, supervising design teams, negotiating public-private partnerships, expediting

rezoning efforts and supervising sales, marketing and property management teams.

Cindy has developed high quality projects for a variety of respected and well-known

development firms such as Columbus Realty Trust, Post Properties, and the Trammell Crow

Company.

In her current role as Vice President of Development for Lang Partners, Cindy manages the

company’s development projects and supervises the asset management effort for the firm’s

owned properties.

Sheila Carter

Senior Regional Vice President

Lincoln Property Company

Sheila Carter is Senior Regional Vice President, overseeing 50,000+ units in Texas and Arizona. Prior to returning to Lincoln in 2008, Mrs. Carter was Regional Vice President at Pinnacle Realty and Vice President at ZOM Residential Services. She started her career with Lincoln as a Regional Manager and Regional Director of Marketing and Market Research from 1997 to 2003. Sheila attended University of Maryland University College and studied International Business at University Puerto de Santa Maria in Spain. Sheila holds a Texas and a California Real Estate License.

Bexie Nobles

Director of Community Relations

Republic Property Group – Walsh

Bexie Nobles is the Director of Community Relations at Republic Property Group, where she

serves as the day-to- day contact for future residents and community partners at the new Walsh

neighborhood. At Walsh, Bexie oversees civic engagements, partnerships and sponsorships,

neighborhood amenity design and development, community programming, staffing, and Walsh

Village operations.

A North Texas native, Bexie has extensive experience as a fundraiser, marketer and political

advisor. She has served as the Vice President of Development for the Fort Worth Symphony

Orchestra Association, as well as in leadership roles with the Fort Worth Convention Center,

RYAN, LLC, and JCPENNY, where she grew fundraising results by more than 50% in her first year

as Senior Manager of Philanthropy. As Director of Operations at Texans for Kay Bailey

Hutchison, Bexie managed a $24 million operating budget and oversaw staffing of multiple

district offices across the state of Texas. Her political experience includes time as Executive

Director for Senator Marco Rubio’s (R – FL) communication operations, as well as senior advisor

roles to Sarah Palin, Rudy Giuliani and Dick Cheney during their respective presidential

campaigns.

Since joining the team at Walsh, Bexie has led the design and programming efforts for The

Makerspace at Walsh, a first-of- its-kind communal workshop that will give future Walsh

residents and students access to cutting edge tools and technology. She is also tapping her love

for Fort Worth, community ties, and relationships with key stakeholders to bring Walsh Village

to life. The focal point of the new neighborhood’s initial development phase, Walsh Village will

offer community solutions in entertainment, fitness, childcare, coworking and more.

Walsh is the latest endeavor from Republic Property Group, a leading developer of master

planned communities and real estate projects in North Texas. Comparable in size to a small

town, Walsh is located 12 minutes from downtown Fort Worth where Interstate 20 and I-30

merge. Construction at the 7,200-acre community will span decades, with plans for more than

15,000 homes, multiple elementary and middle schools, retail, corporate campuses, medical

facilities, coworking spaces and a host of amenities serving the community. At completion,

Walsh will be home to more than 50,000 residents. Home construction is underway for the

initial development phase at Walsh, with prices from the upper $200,000s.

Joey Tumminello

Moderator

Institutional Property Advisors (IPA)

Mr. Tumminello is an associate with Institutional Property Advisors (IPA) and is responsible for business development and dispositions in the Dallas/Fort Worth multifamily markets. Since 2015, Mr. Tumminello has facilitated more than $800 million in sale transactions for institutional clients, as well as high net worth investors.

Through his in-depth interactions with clients, industry leaders and his team, he understands the critical decisions facing investors in today’s market. His extensive market knowledge enables Mr. Tumminello to act in an advisory capacity with his clients and provide the customizable solutions they need to overcome challenges and exceed their investment goals. His main areas of expertise include property valuation, implementing marketing strategies and advising clients on the capitalization of current market conditions.

Mr. Tumminello holds his bachelor’s degree from Texas Christian University in Finance with a concentration in real estate. In his drive to serve as an asset to his clients, he is currently pursuing his CCIM designation.

Fort Worth Retail, Industrial, and Office Update and Forecast

Stephen Coslik

Stephen Coslik

Chairman

The Woodmont Company

JD Granger

JD Granger

Executive Director

Trinity River Vision Authority

Julie Wilsey

Julie Wilsey

Leasing and Development

Cassco Development Company

Andy Taft

Andy Taft

President

Downtown Fort Worth, Inc.

Randle Harwood

Randle Harwood

Planning and Development Director

City of Fort Worth

Drew Kile
Moderator

Drew Kile

Senior Director

IPA Texas

Stephen Coslik

Chairman

The Woodmont Company

Expertise

Stephen provides the leadership and overall management of The Woodmont Company, known for commercial real estate development nationwide. He directs both the strategic planning and operational aspects of the company, including the corporate vision and strategy, understanding of specific needs of external clients, providing top-notch market knowledge, investment securing capabilities, negotiation, and consulting expertise.

Stephen has been instrumental in the direction and growth of the organization, which has grown from 1 employee to our current employee base of over 100 professionals. He also chairs the company’s advisory committee.

Highlights

» Co-founded The Woodmont Company in 1980

» Spearheading the company’s 33 years of success & its future growth

» Currently manages 15,000,000 SF of retail space

Experience

» The Woodmont Company (current) | Fort Worth, TX

» Morrow Development Corporation | Fort Worth, TX

» Lincoln National Development Corporation | Fort Wayne, IN

Education

» San Diego State University | Bachelor of Science

Leadership

» Urban Land Institute | Member

» International Council of Shopping Centers | Member

» San Diego State University | Business Administration School of Real Estate | Advisory Board

» San Diego State University | School of Business | Board of Directors

» Fort Worth Academy | Board of Trustees

» Kinderplatz | VP, Board of Directors

JD Granger

Executive Director

Trinity River Vision Authority

JD Granger is the Executive Director of the Trinity River Vision Authority (TRVA)

which manages a massive flood control and river redevelopment project that

creates 12 miles of public urban waterfront in Fort Worth’s central business

district. Mr. Granger currently serves as board member for Streams and Valleys,

Inc., the Fort Worth Zoological Society, Cowtown Marathon and The American

Institute of Architects, Fort Worth Chapter. He is an active member of the Urban

Land Institute and after serving as Public Member Director for the American

Institute of Architects Fort Worth Chapter he was named an Honorary Member in

2008. In addition, the USACE Fort Worth District and the TRVA led by Mr.

Granger received the USACE “Good Neighbor” GreenGov Award for outstanding

partnership efforts between the two agencies on the TRV project.

From 2003-2008, he served as board member for Historic Fort Worth, Inc., and

previously served on the Downtown Design Review Board as well as the

Cabella’s and Downtown TIF boards. Mr. Granger has also contributed to the

City of Fort Worth’s Downtown Strategic Action Plan on Housing, Access &

Circulation Committee, and Open Spaces/Public Art Committee. He earned his

Doctor of Jurisprudence from South Texas College of Law and was recognized

as a Super Lawyer Rising Star by Texas Monthly Magazine. Mr. Granger also

holds a Bachelor of Arts in Economics from Texas A&M University.

Julie Wilsey

Leasing and Development

Cassco Development Company

Julie Wilsey focuses on development and leasing for Cassco Development Co with an emphasis on local, creative and new-to-market retailers, restaurants and project concepts. For over three years with Cassco, Mrs. Wiilsey has collaborated with investors and development partners on all aspects of the development and leasing of the Clearfork project as a whole.

Mrs. Wilsey has over a decades of experience at each the Mills Corporation and Gables, as an investment officer working on large retail and mixed-use projects. While at Mills, Julie was VP of Development for The Piers San Francisco, Block 37 Chicago, Opry Mills Nashville and Vaughan Mills Toronto. At Gables, she led retail development and leasing for projects such as West Ave in Houston, Pressler and 5th Street Commons in Austin and Gables Ponce in Coral Gables, Florida.

Prior to working for the Mills Corporation, Mrs. Wilsey worked in Washington D.C. in development and leasing of office projects for over a decade. Her clients included Fuji Bank, Freddie Mac and the World Bank.

She is a graduate of University of Arkansas with a degree in finance. Mrs. Wilsey currently resides in Austin with her husband and three children.

Andy Taft

President

Downtown Fort Worth, Inc.

Andy is a native of Tampa, Florida and graduated from the University of South Florida with a degree in Marketing. He began his career in commercial real estate with the Florida Commercial Development Association and then joined Grubb & Ellis of Florida as a commercial real estate salesman in the downtown Tampa market. In 1992, he joined the Tampa Downtown Partnership as its Director of Marketing and Business Development.

Andy served Shreveport, Louisiana’s Downtown Development Authority for six years as its Executive Director and while there was instrumental in relocating City Hall back to downtown, created a new public parking management program and authored the downtown strategic plan. Andy was Chairman of the United Way of NW Louisiana in 2001. Andy was also the President of Downtown Shreveport Unlimited and the Downtown Shreveport Development Corporation.

Andy joined Downtown Fort Worth, Inc. (Texas) as President in 2003. DFWI is Fort Worth’s downtown advocacy organization and it manages the downtown planning process, two Public Improvement Districts, the downtown Tax Increment Finance District, two city parks, the MAIN ST. Fort Worth Arts Festival and Parade of Lights. DFWI recently developed the JFK Tribute in Fort Worth and is currently working renovate and reopen Heritage Plaza. Andy is a past Chairman of the International Downtown Association, President of the Rotary Club of Fort Worth and serves on the Board of the National Civic League.

Drew Kile

Moderator

IPA Texas

Drew Kile is a Senior Director at Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors. Mr. Kile is primarily responsible for the Dallas/Fort Worth markets for IPA Texas. Over the course of his thirteen years with the firm, Mr. Kile has facilitated and overseen the closing of transactions valued at more than $3 Billion.

Mr. Kile joined Marcus & Millichap in 2004 and was recognized as the Rookie of the Year in the Dallas Office in his first year. In 2006, he joined the company’s management team and was responsible for opening the firm’s Fort Worth office in 2007. Through his leadership as Regional Manager of the Fort Worth office, the operations grew from five agents to more than twenty over its first two years, and in 2009, the Fort Worth office achieved the highest revenue growth of all 75 Marcus & Millichap offices in the United States.

Prior to joining Marcus & Millichap, Mr. Kile held an internal finance position at Accenture, a global management consulting, technology services and outsourcing company, where he was responsible for projects in the firm’s North American Chemicals, Energy and Natural Resource businesses.

Mr. Kile holds a Bachelor’s Degree in Finance from Texas Christian University in Fort Worth, and he is active in the Greater Fort Worth Real Estate Council, the Dallas Real Estate Council, the Urban Land Institute, and the National Multi Housing Council. Mr. Kile, his wife Lynnette, and their two daughters, Eleanor and Lillian, reside in Fort Worth.

Summary

1) Fort Worth office is not that strong, clocking 21% vacancy in Q4 '17, and rents softened from $19.16/SF in Q3 to $19.02 in Q4. Will this downward trend continue, or are there opportunities for this office market to turn around?

2) How will XTO’s move impact Fort Worth’s office and hospitality market?

3) Fort Worth industrial is enjoying a 6.4% vacancy rate, and developers appear bullish on the market as there were roughly 600K SF delivered in Q4 '17 with another 300K SF on the way in South Fort Worth, and 3.6M SF on the way in North Fort Worth. What makes this market so attractive to industrial developers and investors?

4) Fort Worth multifamily is booming! Who's renting? and is there still enough demand for the new supply coming online in 2018?

5) With the changing behavior of shoppers and growing competition, how are retailers and retail developers adapting in the Fort Worth market?

Venue

Sheraton Fort Worth Downtown Hotel
1701 Commerce Street
Fort Worth, Texas, 76102

Ballroom: Magnolia Ballroom & Pre-Function Space, Second Level


Self-parking via an on-site garage, $12 per day

Agenda

Time Activity
1:30 PM
2:30 PM
Coffee, Networking, and Breakfast
2:30 PM
3:15 PM
Fort Worth's Multifamily Boom!
3:15 PM
4:00 PM
Fort Worth Retail, Industrial, and Office Update and Forecast
4:00 PM
4:30 PM
More Networking!