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Opening Remarks on Addressing the Growing Housing Crisis

By PCRI

Kymberly Horner

Kymberly Horner

Executive Director

Portland Community Reinvestment Initiatives (PCRI)

Kymberly Horner

Executive Director

Portland Community Reinvestment Initiatives (PCRI)

Kymberly Horner is the Executive Director for Portland Community Reinvestment Initiatives, Inc. (PCRI). Hired in July 2019, she is only the second person to serve in this position since PCRI’s formation over 28 years ago.

PCRI’s ongoing mission is to promote housing justice through advocacy, services, affordable housing and wealth creation for systemically disenfranchised people, particularly those of color. PCRI owns and operates over 700 units in the North/Northeast section of Portland, and Kymberly sees having a strong organizational foundation to work from as a key strength to allow her to help manage during these current economically challenging times.

In the midst of COVID-19, she oversaw and helped staff to navigate the challenges of the financing and construction of King + Parks, a 70-unit affordable housing rental project. Additionally, between 2019-2020 Kymberly and her staff completed the development of two separate for-sale townhome projects resulting in approximately 10 income qualified families becoming homeowners!

Originally from Westlake Village, California, Kymberly discovered her love for civic engagement at an early age. Growing up, her father served as Mayor of Thousand Oaks and was a Thousand Oaks City Councilmember for 18 years.

Kymberly got her start in public service working for California Congressman Brad Sherman. Working in constituent services allowed her to acquire the skills needed to untangle bureaucratic snarls and make the government work for its citizens.

She worked for the City of Oxnard for over 17 years serving most recently as Oxnard’s Economic Development Director. In that position she oversaw downtown revitalization, business attraction and retention, and retail attraction and retention.

In addition to setting and achieving housing and economic development goals, on New Year’s 2015, Kymberly set a personal challenge for herself to eat a piece of chocolate every day! With the support of family and friends who surprised her every so often with sweet treats, she achieved this goal and has stuck with it to this day.

Portland Multifamily Outlook: Navigating the Choppy Market

Exploring Development and Operation Strategies, Construction Trends, and Penciling Out Projects Amidst Market Volatility

Chad Encinas

Chad Encinas

VP, Development

Mill Creek Residential

Sarah Zahn

Sarah Zahn

(Former) Managing Director, Development

Security Properties

John Crawford

John Crawford

Director of Real Estate

Greystar

Eric Cress

Eric Cress

Principal

Urban Development

Torri Magee
Moderator

Torri Magee

VP

Thrive Communities

Chad Encinas

VP, Development

Mill Creek Residential

Chad Encinas serves as Vice President of Development for the Portland region. Mr. Encinas is responsible for directing all phases of the development process, from design and permitting activities to the construction and stabilization of Mill Creek communities.

Before joining Mill Creek, Mr. Encinas was a Development Manager at Holland Partner Group, where he led development efforts for multifamily and mixed-use projects throughout the Portland metro. Prior to his tenure at Holland Partner Group, Mr. Encinas was an Operations Coordinator at Elevate Investment Group in Reno, NV, where he managed acquisitions and value-add construction for single-family homes throughout Nevada.

Mr. Encinas received a Bachelor of Arts in Business and Economics from the University of California, Santa Barbara, and a Masters in Real Estate Development from Portland State University. He is also a member of the Urban Land Institute (ULI) and volunteered as a Big Brother with Big Brothers Big Sisters.

Sarah Zahn

(Former) Managing Director, Development

Security Properties

Sarah Zahn is the Managing Director of the Development Group at Security Properties and a member of

the Investment Committee. Sarah and her team oversee all phases of new development projects

including site acquisition, design, entitlement and permitting, financing, construction management,

lease-up and disposition. She is also responsible for sourcing and analyzing new pipeline projects for the

group.

With over 20 years of experience in real estate development, Sarah is passionate about projects that

strengthen communities and enhance urban environments. Her diverse portfolio includes mixed-use

infill, multifamily, office, hospitality, higher education, civic uses and affordable housing.

Prior to joining Security Properties in 2023, Sarah was most recently Chief Operating Officer for Urban

Development Partners in Portland, OR where she oversaw the company’s development platform. Prior

to that, Sarah spent several years working on the redevelopment of a 33-acre former industrial site on

the Willamette River into a vibrant, mixed-use community. She also spent 5 years at Gerding Edlen

working on the firm’s public-private portfolio of projects. Sarah started her career in real estate

development in the San Francisco Bay Area.

John Crawford

Director of Real Estate

Greystar

John Crawford, Director of Real Estate with Greystar, is an operations leader with expertise in asset management, program development, strategic planning, operations, achieving ownership objectives, and team member professional development. He is responsible for overseeing a portfolio consisting of 40 communities and over 8,067 apartment homes in the Portland Metro, Bend, Corvallis, Eugene, and Salem. His background includes managing high-rise urban assets, conventional garden-style suburban assets, and lease-ups. Over the course of his 24 year multifamily career John acquired pertinent experience by mastering multiple roles including Director of Real Estate, Regional Property Manager, Operations Director, Community Manager, and Assistant Community Manager. John is a licensed Oregon real estate broker and holds the IREM CPM designation.

Eric Cress

Principal

Urban Development

An engineer and designer by training, Eric is drawn to innovative new ideas that make our communities better places to live. At UD+P, Eric concentrates on acquisition, development, finance, and property management. He oversees budgets and the acquisition-to-construction phase of new projects, and he initiates loans for our private real estate funds.

Before UD+P, Eric was a project manager at Pacific Bay Investments in Berkeley, California. Prior to that, Eric managed engineering projects for Cypress Semiconductor, Maple Optical Systems, Leapfrog Toys, and the National Science Foundation. Eric holds eight patents and has published several papers related to this work. He earned an MBA with a focus in real estate finance from the Haas School of Business at UC Berkeley, as well as BS and MS degrees in electrical engineering from Mississippi State University. Eric currently serves as a Vice President of the Central Eastside Industrial Council and Urban Product Council Chair of the Portland Chapter of the Urban Land Institute.

Torri Magee

Moderator

Thrive Communities

Torri Magee, has rooted her 17-year career in the blossoming landscape of multifamily development across the Pacific Northwest. As the Vice President of Property Management and Client Services at Thrive Communities, Torri stands at the forefront of market leadership in the Puget Sound region. With Thrive's reputation as being a best-in-class third-party management firm locally, her expertise particularly shines in guiding predevelopment and new development ventures throughout Washington and Oregon. Her strategic vision is not only evident in the robust growth of Thrive's real estate portfolio but also in her passionate involvement with Build4Community, where she serves on the board. Torri's dedication to driving meaningful community projects and campaigns allows her to continuously offer insights into the vibrant future of Portland and Seattle’s multifamily landscape.

Portland Affordable Today, For a Better Tomorrow

Learn What, Where, and How Today's Leading Executives are Building the Region's Affordable Housing

Bryan Guiney

Bryan Guiney

Director, Oregon Field Office

U.S. Department of Housing & Urban Development

Margaret Salazar

Margaret Salazar

CEO

REACH Community Development

Stefanie Kondor

Stefanie Kondor

EVP, Development

Related Northwest

Helmi Hisserich

Helmi Hisserich

Director

Portland Housing Bureau

McKenzie Richardson
Moderator

McKenzie Richardson

Director

PAE Engineers

Bryan Guiney

Director, Oregon Field Office

U.S. Department of Housing & Urban Development

Bryan Guiney is the U.S. Department of Housing and Urban Development (HUD)

Field Office Director for Oregon based in Portland.

In this capacity he serves as HUD’s liaison to mayors, city managers, elected

representatives, state and local officials, members of Congress, private and non-

profit developers, stakeholders, and customers. Additionally, he works with each

of the Department’s program areas to ensure departmental initiatives are

implemented within Oregon. The HUD Oregon Field Office has approximately 50

employees who oversee public housing, community planning and development,

fair housing, and multifamily programs throughout the state.

Prior to assuming duties as Field Office Director, he served as the Community

Planning and Development Field Director serving Oregon and Idaho. Prior to

joining HUD, he served as an Economic Development Officer for the State of

Oregon and a Committee Administrator for the Oregon Legislature. Bryan is

retired from the United States Marine Corps with 21 years of active and reserve

service as an Infantry Officer and enlisted Combat Engineer.

Bryan holds a B.A. from the University of Oregon and Master of Business

Administration from the University of Washington.

Margaret Salazar

CEO

REACH Community Development

As a leader at the state and national level, I am dedicated to a simple vision: every person deserves a safe, stable and affordable place to call home, and we have a shared responsibility to build a future where Black, Indigenous and People of Color thrive in communities of opportunity. An experienced public agency executive, I also have a commitment to grassroots community development, and a proven track record of inspiring people to come together to innovate solutions for housing and homelessness and make and impact on the ground.

Stefanie Kondor

EVP, Development

Related Northwest

As Executive Vice President of Development for Related Northwest, Ms. Kondor is responsible for establishing Related’s presence in Portland and in the northwest while leading and managing all aspects of development and financing for Related’s affordable developments throughout Oregon.

As a native Oregonian, Ms. Kondor was previously Director of Real Estate Development for Central City Concern where she managed the land acquisition, entitlements, and due diligence process for the development of new clinical and affordable housing in Portland, Oregon with development costs in excess of $100 million. While at Central City Concern, she was a recipient of the Housing Oregon’s Star Player Award in 2017. For SK Asset Advisory, LLC, Ms. Kondor provided consulting to private developers and construction management firms developing affordable housing. As Senior Asset Manager for Bayside Communities, Ms. Kondor managed a portfolio of more than 60 multifamily properties throughout the West Coast. She brings many years of experience working on complex transactions with multi-layered funding along with new market tax credits to Related.

Ms. Kondor holds a Bachelor of Science in Business Administration from the Haas School of Business at the University of California, Berkeley and sits on the Board of Directors for the Boys and Girls Club of Portland.

Helmi Hisserich

Director

Portland Housing Bureau

With over 25 years of experience in the affordable housing sector, Helmi is a Director of Global Housing Solutions at the Global Policy Leadership Academy (GPLA), a premier educational institution that prepares policy leaders to tackle complex societal challenges. Helmi is currently leading international delegations of US housing policy makers to learn from the best practices of the Vienna Social Housing Model, a renowned example of how to provide high-quality and affordable housing for a large and diverse population. Previously, Helmi served as the Deputy Mayor of Housing in Los Angeles and as a Senior Manager of Finance and Development at the Los Angeles Housing Department, where she oversaw the development and financing of thousands of affordable housing units and the implementation of innovative policies and programs to address the housing crisis in the city.

McKenzie Richardson

Moderator

PAE Engineers

For the past 15 years, McKenzie has actively focused her career on strategic marketing in the built environment. She leads PAE’s marketing team as well as PAE’s Diversity Partnership Program, which provides an intentional, structured approach for PAE and minority, veteran, and women-owned firms to pursue and deliver successful projects together. Passionate about affordable, resilient, and climate-friendly housing for all, McKenzie supports the firm’s initiative to develop a path to decarbonize affordable housing while increasing availability. She is a past president for the Society for Marketing Professional Services Oregon Chapter and a 2020 DJC Oregon Women of Vision award winner.

Why You Won't Want To Miss This CRE Deal-Making Conference:

What You'll Learn From This Commercial Real Estate Event:

  • Explore current development and investment activity in Portland’s multifamily and affordable housing markets.

    • Examine how supply and demand are expected to impact market fundamentals moving forward.

  • Analyze the transition of Portland's multifamily market from a period of cap rate compression to cap rate expansion.

  • Investigate how updates to Portland's historic resource code, approved by the City Council, provide developers with more flexibility and fewer restrictions in historically significant neighborhoods, facilitating the development of affordable housing.

  • Discover how multifamily owners and developers are adjusting to changing resident demands throughout the region.

    • Engage in a discussion encompassing sustainability, wellness, AI integration, technology, and amenities.

  • Identify the neighborhoods that developers and investors are choosing in 2024 and explore which neighborhoods are experiencing the highest leasing activity for property owners.

  • Examine the national and regional policies and regulations that investors and developers are monitoring in 2024, and understand how these policies might impact future housing developments.

How You'll Do More Business From Attending This Summit: While Portland’s multifamily and affordable housing markets have faced continued headwinds in recent years, there are signs of improvement as financial hurdles ease and demographic trends remain favorable. More people are moving to the area due to its low cost and high quality of living relative to other West Coast cities. Join us for an insightful discussion on navigating Portland’s multifamily market, development and investment opportunities, lifestyle projects and addressing the growing need for affordable housing.

Projects & Deals To Be Discussed: 

Alder 9: Construction of a 159-unit affordable housing project in the Buckman neighborhood in Portland, Oregon. Financing from all sources for the project totals nearly $90 million.

72Foster: Nestled in southeast Portland, LEED Certified community officers: Studio, One Bedroom, Two Bedroom and Three Bedroom apartment homes

Who You'll Network With At This Discussion: Owners, developers, investors, brokers, city and government officials, business consultants, architects, engineers, lawyers, accountants and bankers.

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to help you identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than we do.

For questions, recommendations, comments or press inquiries please email our event producer, Bora Altunay, at bora.altunay@bisnow.com. To request disability-related accommodations, please contact rachel.sundin@bisnow.com no later than seven business days prior to the event.

Venue

Embassy Suites Portland Downtown
319 SW Pine Street
Portland, OR 97204

Ballroom: Colonel Lindbergh Ballroom


Self-parking garage located across from the main hotel entrance - $7 event parking.
Multiple parking lots and street parking around the hotel - pricing varies.

Get Directions

Agenda

Time Activity
4:00 PM
5:00 PM
Breakfast & Networking
5:00 PM
5:10 PM
Opening Remarks on Addressing the Growing Housing Crisis

By PCRI

5:10 PM
5:55 PM
Portland Multifamily Outlook: Navigating the Choppy Market

Exploring Development and Operation Strategies, Construction Trends, and Penciling Out Projects Amidst Market Volatility

5:55 PM
6:15 PM
Networking Break
6:15 PM
7:00 PM
Portland Affordable Today, For a Better Tomorrow

Learn What, Where, and How Today's Leading Executives are Building the Region's Affordable Housing

7:00 PM
7:30 PM
Closing Networking

Sponsors

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