Philadelphia Multifamily Summit

Why You Should Attend the Philadelphia Multifamily Summit

Why This Matters

Philadelphia is coming out of one of the biggest multifamily building waves in its history just as financing, policy and demand patterns are all shifting at the same time. A large volume of new product has recently delivered across the city and suburbs, while the next round of starts is thinning out. That creates a gap between what is already in the ground and what will be available two to three years from now.

For owners, developers and capital partners, that pivot matters more than any single stat. It is going to determine which submarkets still have room to grow, which business plans are vulnerable, and where you can still create value through new construction, conversions or smart repositioning. At the same time, City Hall is rewriting the playbook on abatements and incentives for conversions, younger sponsors are stepping into deals that used to be reserved for legacy names, and renters are raising the bar on design, operations and amenities.

This event pulls those threads together in a way that is specific to Philadelphia. You will hear from the people actually buying sites, converting offices and schools, value engineering deals to the finish line and sitting across the table from lenders today. The goal is simple: give you a clear, forward looking view of how to navigate the next phase of the multifamily cycle in this market, not a history lesson on the last one.
 

What You Will Learn

• How the next phase of the Philly multifamily cycle is likely to unfold: How recent deliveries, a slimmer pipeline and evolving renter demand are reshaping the balance between Center City, neighborhood corridors and the suburbs, and what that means for timing your next move.
• Where emerging developers are finding room to run: The capital partners, structures and risk strategies the next generation of sponsors is using to compete with established players, and the kinds of sites and product types they are chasing that others are overlooking.
• What the new conversion and incentive landscape really means on a pro forma: How office, institutional and other legacy buildings are being underwritten for residential use, how long term abatements and other tools are changing feasibility, and what actually makes a building a good candidate for adaptive reuse in Philadelphia.
• Design and amenity choices that still lease in a crowded field: Which layouts, finishes and amenity packages are resonating with today’s Philly renter, how to right size amenities so you stay competitive without killing returns, and how design, management and marketing work together to drive absorption and renewals.
• How to get a deal built when costs and capital are working against you: Real world strategies developers and contractors are using to manage construction pricing, phase projects, structure capital stacks and work with lenders so projects still pencil in a higher cost, more selective lending environment.
• Where adaptive reuse fits in your long term strategy: Lessons from recent Philly conversions on design and code pitfalls, how to blend historic character with modern expectations, and how converted assets are performing against ground up competition once they hit the market.
• How to position your portfolio for the next five years, not the last five: Practical takeaways on submarket selection, business plans that still make sense in this part of the cycle, and how to align your investment, development and leasing strategy so you are ready for the opportunities that will come as the market resets again.

Articles You Should Read

Developer Lands $173M In Construction Financing For Philly's Tallest Apartment Building

'We Just Stopped Looking At Deals': Affordable Housing Overlay Draws Critiques In West Philly

Post Brothers Lands $170M Construction Loan For Second Phase Of Piazza Alta

Vacant, Dilapidated Rittenhouse Apartment Tower Sells For $7.7M

20-Story Residential Tower Considered For Quiet Midtown Village Tracts

Renters Now Outnumber Homeowners In King Of Prussia

Multifamily Construction Wave Crests In Suburban Philly Amid High Demand And Low Supply

Greater Philly Multifamily Market Sees Vacancy Drop As Construction Pipeline Tapers Off

For questions regarding content and speaking, please email our Director, Event Production, Virginia Baker, at Virginia.Baker@bisnow.com. Want to get involved? Contact Dane.Sinks@bisnow.com or Max.Kleinberg@bisnow.com  to get information on sponsorship, pricing and availability at this event. To request disability-related accommodations, please contact mackenzie.kunkle@bisnow.com no later than seven business days prior to the event.

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