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Philly Capital Markets & CRE Finance

Investment Trends & Impact Of New Players

Event Ended On: Thursday February 20 2020

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Event Host

Events Raw Space

The Pennsauken Logistics Center

The Pennsauken Logistics Center is a 355,000 square foot industrial asset located at 8600 River Road in Pennsauken New Jersey. This location is sandwiched between the Betsy Ross & Tacony Palmayra bridges and sits a few miles from the New Jersey Turnpike & Interstate 295 - providing tenants with easy access to the City of Philadelphia and North/South arteries. The site was acquired by Velocity Venture Partners in December of 2019 and is currently under full renovations - a process that will white box the interior (painting, new LED lighting, floor scrubbing, loading upgrades, demolition) and retrofit the exterior (roof replacement, painting, repaving). The property is roughly 60% through renovations and is currently being marketed to a variety of tenants - from logistics/distribution to light manufacturing. Unit sizes as small as 6,000 sf and up to 350,000 sf are currently available.

About Velocity Venture Partners Velocity is a Philadelphia-based developer of industrial and flex properties. The firm was founded in 2017 by Tony Grelli & Zach Moore and currently owns and manages close to two million sq. ft. of industrial real estate in Southern New Jersey and Southeastern Pennsylvania. Velocity raises acquisition capital from high net worth investors and family offices throughout the United States. For more information or to contact the team, please visit www.velocityinv.com.

Speakers and Panels

Recession Proofing

What Does The Next Phase Hold - How Do You Prepare For It?

Daniel Killinger

Daniel Killinger

President, National Real Estate Development
Sara Doelger
Joint venture investments in the lower middle market

Sara Doelger

Principal, Argosy Real Estate Partners
Jason Morgan
Through Value-Add Multifamily Investments

Jason Morgan

President, Special Situations, Morgan Properties
George Kotridis
Moderator

George Kotridis

Principal, CliftonLarsonAllen

Debt & Equity Market

How Are Deals Being Structured & New Ways To Get Financing

Tawan Davis

Tawan Davis

CEO, Steinbridge Group

Chris Egan

SVP, Walker & Dunlop
Mike Stillwell

Mike Stillwell

CEO, Streamline
Andrew Beauchemin
Moderator

Andrew Beauchemin

Managing Principal, WCRE Capital Advisors

Venue

The Pennsauken Logistics Center
8600 River Rd.
Pennsauken Township, NJ 08110

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Agenda

Time Activity
7:30 AM
8:30 AM
Coffee, Breakfast, & Networking!
8:30 AM
9:15 AM
Recession Proofing
What Does The Next Phase Hold - How Do You Prepare For It?
9:15 AM
10:00 AM
Debt & Equity Market
How Are Deals Being Structured & New Ways To Get Financing
10:00 AM
10:30 AM
More Networking!

Summary

  1. A behemoth has entered the Philly Industrial market with Prologis purchasing Liberty. Liberty had a national portfolio, but a heavy focus is the Philadelphia/Lehigh valley region. How will this giant change Philly market dynamics? 
  2. Similarly, to Prologis, Silverstein Properties has recently turned their attention to the Philly market. What about the Philly market is attracting outside capital? 
  3. According to reports from Marcus & Millichap, cap rates in Philly have gone up to mid 5% to low 6% range. What impact will rising cap rates have on the market?
  4. With construction costs continuing to soar and the ever looming recession how are deals getting financed?
  5. What asset classes are investors most bullish on, and which ones are they most bearish on in the Philly market? 

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