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Sacramento Multifamily And 2020 Housing Forecast

Boosting Market Rate & Affordable Residential Development

Sotiris Kolokotronis
The Bernice

Sotiris Kolokotronis

Founder and Owner

SKK Developments

Sara Lebastchi

Sara Lebastchi

Partner

D&S Development

John Hodgson

John Hodgson

President

The Hodgson Company

Ron Brown

Ron Brown

President & CEO

Brown Construction, Inc.

Ron Metzker
Moderator

Ron Metzker

Vice President, Principal

LPAS Architecture & Design

Sotiris Kolokotronis

The Bernice

SKK Developments

Sotiris K. Kolokotronis is the founder and owner of SKK Developments, a real estate firm that specializes in mixed-use, multi-family and land development projects. Sotiris began his real estate career in 1985 and has developed more than 7,000 residential home sites, 2,000 single-family homes, 2,000 multi-family units and 300,000 square feet of commercial buildings in Northern California, Colorado, Nevada, and Oregon valued more than $1.5 billion. His projects have played an important role in shaping the landscaping of the Sacramento region, and in particular the renaissance of Midtown Sacramento with the development of urban mixed-use projects including L Street Lofts, 1801 L Street Building, The Freemont Building, Capitol Park Homes, Q19 Apartments and 20PQR Townhomes.

Sotiris is currently involved in the development of seven additional projects in Sacramento’s Midtown and other infill locations –The Press Building, H16 Apartments, 3rd & Broadway, E@16, 15th & G, The Mansion and Arden Gateway – containing over 1,400 residential units valued at approximately $525 million. He is also involved in the planning and entitlement of 3,000 acres. Sotiris received his bachelor’s degree in economics from the University of Athens, engaged in graduate studies in economics at California State University, Sacramento and earned his MBA degree from the University of California at Berkeley. He and his family reside in Sacramento, California.

Sara Lebastchi

Partner

D&S Development

A Sacramento native, Sara ventured to New York University where she graduated with a BA in Urban Planning. Sara is a Midtown enthusiast and Principal at D&S Development, one of the leading owners, developers and operators in mixed-use and historic rehabilitation in the greater Sacramento Area. She has experience in acquisition, development, leasing and property management of over 110,000 square feet of commercial retail and 265+ multi-family units. With a focus in Sacramento's urban corridor, Sara assists on research and site development for future opportunities in market rate housing.

John Hodgson

President

The Hodgson Company

The Hodgson Company is a Sacramento based real estate development, land use and government advocacy firm which specializes in the entitlement and development of real estate and land use projects throughout Northern California. The Hodgson Company has been involved in some of the area’s most innovative residential and commercial developments, including master planned communities, infill development and mixed-use projects. More recently their focus has been on revitalization and mixed used development in the urban centers of the region.

John Hodgson is active in both civic and volunteer organizations. He is a Full Member of the Urban Land Institute (ULI) and past Chair of the ULI Sacramento District Council. He was appointed by Governor Pete Wilson and served six years as the Chair of the Capitol Area Development Authority (CADA). In his capacity as CADA chair he is credited with contributing to the revitalization of midtown Sacramento.

John currently serves as a Board member of the Downtown Sacramento Partnership and serves on its Governance Committee. He also serves on the Board and Executive Committee of the Midtown Association. He served several terms as Chair of the Sacramento Council of the North State Building Industry Association and currently serves as Chair of its Urban Infill Group focused on Sacramento downtown and midtown mixed-use development. John is a member of the State Bar of California. He is a graduate of UC Davis and King Hall (UC Davis School of Law).

CURRENT/RECENT PROJECTS: 19J project (entitled sustainable 11-story mixed use building at 19th & J St, midtown Sacramento); Panhandle PUD/annexation (600 acre master plan – North Natomas); Eastern Star Building adaptive-reuse (conversion to 133 unit Hyatt House hotel in midtown Sacramento); Woodland Research & Technology Park – research park/mixed use project (350 acres – City of Woodland); Jefferson School site reuse (infill site at 16th & N Streets, midtown Sacramento); Team member of the group which successfully negotiated, designed and entitled the 16 Powerhouse mixed-use project in midtown Sacramento (infill site at 16th & P Streets); Truitt Bark Park in midtown Sacramento; Davis Innovation Center (200 acre innovation tech park – Davis)

Ron Brown

President & CEO

Brown Construction, Inc.

Ron Brown is the President and CEO of Brown Construction, Inc. one of the Sacramento area's largest general contracting firms building multifamily and commercial projects for over 60 years. Brown Construction has over 2.7 million square feet currently under construction across 12 active multi-unit housing projects in the Sacramento area including in Midtown, Downtown, The Railyards, Roseville, Natomas, South Sacramento, and Elk Grove. Brown is locally-founded and locally-owned here in Sacramento for over 60 years.

Ron established a Build It Forward program to build select community-serving projects at no profit. Beneficiaries include Yolo Food Bank, Sacramento Zoo, Fairytale Town, River Oak Center for Children, the City of West Sacramento, Davis High School, and the Yocha Dehe Wintun Nation.

Ron is currently on the boards of directors for Region Business, the Sutter Davis Hospital Foundation, the Sacramento Host Committee, and Sacramento Construction Management Education Foundation (SCMEF) at Sacramento State. Ron recently served on the boards of WellSpace Health (13 years), Sacramento State University Alumni Association (8 years), and the Sacramento Regional Builders Exchange (3 years). For more than 21 years, Ron has led and mentored Sacramento State University student teams participating in the annual Associated Schools of Construction (ASC) Construction Management competition.

Ron Metzker

Moderator

LPAS Architecture & Design

Ron Metzker is an LPAS owner and Vice President of the Firm. With 36 years of experience, Ron specializes in the design of multifamily and mixed-use developments. In the past ten years he has designed thousands of residential units built throughout the Sacramento region and the Bay Area. Reflecting client advocacy and creative problem solving, Ron’s designs have received the highest recognition from civic/business groups and the design community with multiple awards for design excellence and sustainability. LPAS is currently working with some of the Sacramento Region’s and Bay Area’s most prominent developers due to the Ron’s ability to maximize the yield of marketable units within the parameters of site and local planning constrictions.

Stimulating Investment And Economic Development In Sacramento

How To Attract Capital, Talent, and Residents to Sacramento

Paul Stiplosek

Paul Stiplosek

Vice President

Exchange Bank

Barry Broome

Barry Broome

President & CEO

Greater Sacramento Economic Council

Denton Kelley

Denton Kelley

Managing Principal

LDK Ventures

Ethan Conrad

Ethan Conrad

CEO

Ethan Conrad Properties

Paul Stiplosek

Vice President

Exchange Bank

Currently, with Exchange Bank, Paul is active in financing real estate development, interim, and

permanent debt in markets throughout Northern California on a variety of property types. During his

career, he has worked with national, regional, and local developers and property owners. In his various

leadership roles, Paul has managed and provided financing in excess of $1bln dollars which include

construction, interim, and permanent debt for all property types. As a long-term resident of

Sacramento, he has seen firsthand the region’s dramatic positive changes and the major development

activities.

Exchange Bank has offices located throughout Northern California and have a regional office located in

Roseville, CA, which also covers the Bay Area. The Bank currently has $2.7bln in assets. Exchange Bank

is a full-service financial institution that provides retail branch services, trust management, consumer

and commercial lending. The Roseville lending team is also comprised of Jerry Gamboa, Geoff Fong, and

Cory Kellog.

Barry Broome

President & CEO

Greater Sacramento Economic Council

Barry Broome serves as the first President and CEO of the Greater Sacramento Economic Council. The organization is the catalyst for innovative growth strategies in the Capital Region of California. Barry is responsible for leading community-driven efforts to retain, attract, grow, and scale new businesses; develop advanced industries; and guide new job-creation strategies throughout a six-county region. In his role, he has established the first-ever public/private partnership economic development organization in the State of California; the organization comprises 37 CEO’s and 19 communities in the Greater Sacramento region.

Previously, Barry was the President and CEO of the Greater Phoenix Economic Council (GPEC) where he delivered more than 50,000 jobs and 250 company locates into the Phoenix Region. Under his leadership, for six out of the ten years, GPEC was named one of the top economic organizations in North America by Site Selection Magazine. In 2013 he was also named Arizona Economic Developer of the Year, Arizona Real Estate Executive of the Year, and received the Phoenix Black Chamber of Commerce award.

Prior to Arizona, Barry was the CEO of Southwest Michigan First (SMF), where he built an organization from scratch that was later listed in the Top 20 companies in North America by Site Selection Magazine. In 2006, SMF was named one of the fast 50 companies in Inc. Magazine, the first nonprofit to have that honor. Barry built and co-developed venture funds, angel networks, and 31 new ventures – primarily in the life science space in the Kalamazoo region. Barry was named Michigan Economic Developer of the Year in 2001.

Preceding Michigan, Barry led the economic development in Toledo, Ohio, where he completed the largest industrial deal in the history of the United States called Project Jeep; which was built on 450 acres of brownfields in the North Central Toledo area.

Barry was also the keynote speaker at Arizona State University’s 2009 graduation and has been a guest lecturer at the University of Chicago, Notre Dame, Arizona State University, University of Arizona, Kalamazoo College, and Western Michigan University.

Denton Kelley

Managing Principal

LDK Ventures

Denton Kelley is a Managing Principal of LDK Ventures, LLC, an entity formed with his father, Larry Kelley, with a focus on value-add real estate acquisition and development opportunities in the Western Region of the US. Mr. Kelley is responsible for identifying and executing new real estate investment opportunities. Mr. Kelley is also responsible for sourcing equity capital requirements for all LDK acquisition and development projects. Mr. Kelley is currently an owner in McClellan Business Park.

Prior to joining LDK Ventures, LLC, Mr. Kelley worked as an equity research analyst at Bessent Capital (a global macro hedge fund in New York) covering financials, real estate, health care and other diversified industry sectors. Mr. Kelley worked directly with Scott Bessent, the current CIO of Soros Fund Management. Mr. Kelly spent 3 years at Robertson Stephens in the Investment Banking Division where was promoted to Associate from Analyst. The first year was dedicated to the real estate sector and he then spent the next two years banking the semiconductor and technology industries working on multiple IPO's, follow-on offerings and various other corporate finance deals. Prior to Robertson, he worked for Prentiss Properties, LLC. (an office REIT based in Dallas, TX) as an acquisition and development analyst and was also partly responsible for the asset management of the 2 million square feet office/industrial portfolio in the Southwestern US.

Mr. Kelley received his Bachelors of Science in Business Administration from the University of Colorado at Boulder. He was a scholarship athlete during his collegiate tenure on the track and field team.

Ethan Conrad

CEO

Ethan Conrad Properties

Ethan Conrad began his commercial real estate career in 1989 when he became an industrial real estate broker. He quickly

established himself as a trusted name in the industry, which led to his continued success and a variety of awards acknowledging his accomplishments.

Once Ethan became adept at leasing and selling commercial properties, it was only a matter of time before he became a

successful owner and operator of commercial real estate. In 1995, Ethan started by targeting industrial properties. By 2007,

Ethan Conrad Properties owned over 35 commercial properties in the Greater Sacramento Area. Ethan’s brokerage experience lent him a keen eye for buying lower cost properties with high vacancies and/or other problems in which the budding real estate mogul saw potential opportunity. Ethan solved these problems with his trademark efficiency and business savvy.

When Ethan isn’t hard at work at the office, he enjoys fine dining, Sacramento nightlife, hiking, and traveling.

Fireside Chat

Paul Petrovich
Keynote

Paul Petrovich

President & CEO

Petrovich Development Company

Michael Guimond
Moderator

Michael Guimond

VP, West Coast

Bisnow

Paul Petrovich

President & CEO

Petrovich Development Company

As a former high level athlete and starting with the shirt on his back fresh out of UC Davis, Paul

Petrovich is now one of the largest commercial real estate developers in the Western United

States. He specializes in the ever-changing and dynamic retail development arena as well as

developing large infill mixed-use projects few would tackle. After a 17-year career as the area’s

most prolific commercial real estate broker having closed over $7bln of investment sales, land

and lease transactions, he made the rare transition to becoming a developer. Over the past 21

years, he has developed more than 70 projects totaling over $1.1 bln and has another $1bln of

projects in his immediate pipeline. What is highly unique about Paul, is he developed all his

projects with no financial partners of any kind and holds 100% fee ownership of all his assets.

He is known for his direct, no non-sense approach to business and his willingness to overcome

any barrier placed in his path while never giving up, something his WWII hero and highly

decorated father instilled in him.

Come hear Paul speak about the current state of the retail market, his insights into the market

as a whole, how he is diversifying his portfolio and perhaps a few words about local politics and

the impact on the region.

Summary

  1. What are the largest projects under construction across Sacramento and who have been some of the notable investors in this hot submarket?

  2. How does development in West Sacramento or Rancho Cordova compare to Downtown Sacramento?

  3. How does the cost – and duration – of construction in Sacramento compare to larger markets in California?

  4. How can the public and private sector continue to breathe life into the city in an effort to attract Bay Area talent, further youthening Sacramento?

  5. As The MLS and Sacramento FC inch closer to breaking ground on a stadium, what impact on the economy and community can residents expect?

Venue

DoubleTree By Hilton Sacramento
2001 Point West Way
Sacramento, CA, 95815

Ballroom/Floor: Grand Ballroom – Lobby Level


Parking Rates: $10.00

Agenda

Time Activity
4:00 PM
5:00 PM
Breakfast, Coffee, & Networking
5:00 PM
5:45 PM
Sacramento Multifamily And 2020 Housing Forecast

Boosting Market Rate & Affordable Residential Development

5:45 PM
5:50 PM
Networking Break!
5:50 PM
6:20 PM
Stimulating Investment And Economic Development In Sacramento

How To Attract Capital, Talent, and Residents to Sacramento

6:20 PM
7:00 PM
Fireside Chat
7:00 PM
7:30 PM
Post-Event Networking