Speakers and Panels

Developing, Designing and Managing Multifamily Communities for Diverse Renters

Strategies for Creating Inclusive, High-Performing Properties That Attract and Retain Residents Across All Income Levels

Carol Nelson

Division President, Asset Living

Krista Peters

SVP, Redstone Residential

Jason Algaze

Jason Algaze is an 18-year veteran in the real estate investment and development industry, known for his unique blend of creativity, passion for building, and financial expertise. His extensive experience enables him to execute successful and profitable projects with a distinctive vision. Jason's multi-faceted development background allows him to select the right people and companies for each project, bringing out the best in every team member. His expertise spans the entire development process, including creating assemblages for acquisitions, investment analysis and deal structuring, understanding local zoning and entitlements processes, fostering public-private relationships with municipalities, developing innovative project design concepts, and assembling elite design, consultant, and construction teams for execution. In 2019, Jason founded Abstract Development Group as the new development affiliate backed by Bronstein Properties, a 50-year-old New York-based real estate family office. Shortly after, he expanded into the Salt Lake City real estate market, recognizing its tremendous growth potential. This led to a primary focus on the area and the development of local relationships throughout Utah over the past several years. Currently, Abstract Development has three projects in various phases of development: One Burton in South Salt Lake, 1345 South Jefferson in the Ballpark District, and another new South Salt Lake site in planning. One Burton is a recently completed 180-unit multifamily building with 220 parking spaces and 8,000 square feet of retail space in the heart of South Salt Lake's emerging downtown district. The project aims to elevate design standards in the market, showcased by its ultra mid-century modern architecture and interior design. Jason and his team at Abstract Development Group are committed to further expanding their footprint in Salt Lake and Utah, with a goal of building around 1,500 units over the next few years. Earlier in his career, Jason worked for a prominent New York and Miami-based development firm on over $10 billion in new projects, comprising over 8 million square feet and more than 8,000 residential units. These included notable developments such as a 1,400-foot tower with 44 ultra-luxury residences overlooking Central Park, New York City; a 45-story tower with 400 multifamily units in Long Island City, Queens, New York; a 45-unit boutique condominium and townhome building in SoHo, New York; and various luxury condominiums and rental buildings throughout the greater Miami and South Florida areas. He also has had experience with a real estate private equity firm focused on distressed investment opportunities and started his career in large loan real estate finance at Credit Suisse that covered a wide range of asset types throughout the country and select transactions abroad. Jason is a graduate of the University of Miami and holds an MA in real estate finance and development from New York University.

Abstract Development Group

Principal

Jason Algaze

Principal, Abstract Development Group

Rebecca Gromet

Rebecca brings to her work a commitment to design excellence in connecting the interior and exterior experience. Her strength lies in her passion and ability to develop projects that are both functional and beautiful. Rebecca’s meticulous attention to detail enhances her designs through a process that translates the aspirations of the client and KPF’s values into the built environment. She celebrates the collaborative relationships created throughout the process, from conception to construction, revealing well- crafted and creative solutions. Demonstrating this approach at a range of scales, Rebecca has been integral in the success of one of KPF’s smallest projects, the boutique luxury residential condominium 500 W 21 st St, as well as the firm’s largest infrastructure project, Changi Airport Terminal 5. Overseeing KPF’s residential and hotel planning projects, Rebecca brings more than a two-decade history of work in the US, Asia, and Europe, and the accompanying sensitivities of their specific geographic location and the international trends that transform neighborhoods. In London, a city less known for high-rise residential living, she led the planning of the 500-unit 40 Charter Street. She applied lessons from her extensive luxury residential planning in New York City to create a new form of neighborhood with a range of unit types and robust indoor and outdoor amenities within a single building in London. In Beijing, she led WF Central, a luxury retail and hospitality destination adjacent to the Forbidden City. Modern in its offering and experience, the project is sensitive to the traditional and historical neighborhood in which it stands. Rebecca has served as a part-time faculty member at Parsons School of Design; a guest critic at Columbia University’s Graduate School of Architecture, Planning, and Preservation and NYIT’s School of Architecture and Design; and a lecturer at Yale School of Architecture. Rebecca is a former term member of The Council of Foreign Relations. She is a registered architect in the State of New York.

KPF

Principal

Rebecca Gromet

Principal, KPF

Moderator

Rawley Nielse

Managing Director, Northmarq

Navigating an Evolving Multifamily Landscape

Analyzing Rent Growth, Occupancy Trends, and Investment Opportunities in the Face of Demographic Shifts and Economic Uncertainty

Eli Mills

CIO, Gardner Group

Mike Watson

CEO, Summa Terra Ventures

Victoria Petro

Victoria Petro’s journey to public service is rooted in her deep love for Salt Lake City’s Westside and her commitment to creating a brighter future for District 1. First appointed to the Salt Lake City Council in November 2021, she quickly earned the trust of District 1 voters, who elected her to a full four-year term starting Jan. 3, 2022. Her colleagues recognized her leadership abilities, electing her as Council Vice Chair in 2023 and Council Chair in 2024. Victoria also represents the city on the Utah Fairpark Area Investment and Restoration District Board, Utah Inland Port Authority Board and Salt Lake City Airport Board, advocating for equitable, community-centered development. District 1 neighborhoods include Rose Park, Jordan Meadows, Westpointe, and a portion of Fairpark. Victoria is proud to represent this vibrant and diverse community, rich in culture and opportunity. For nearly a decade, she has called District 1 home, raising her four children in the neighborhood. Victoria earned a bachelor’s degree in music therapy from East Carolina University, a master’s in musicology from Brandeis University, a master’s in international studies from North Carolina State University and a certificate in nonprofit management from Duke University. Her career has spanned nonprofit leadership and consulting, with a focus on creating actionable strategies to improve inclusion, diversity, equity, and accessibility across various settings. As Executive Director of Salty Cricket, a nonprofit dedicated to building community through music, Victoria encouraged sustainable, strategic development for young and diverse communities. She also served on Salt Lake City’s Historic Landmark Commission and on the boards of Utahns for Culture and the Utah Cultural Alliance. Her contributions to the community were recognized in 2019 when she received the Salt Lake City Deedee Corradini Emerging Leader Award and in 2024 when she received Utah Women Run’s Martha Hughes Cannon Award for Outstanding Impact in Local Government. Victoria works closely with neighbors and community councils across District 1 and neighboring District 2 to amplify Westside perspectives. Her goal is to create unity, sustainable growth, and greater equity for the communities she loves and calls home. When she’s not working on Council priorities, Victoria enjoys spending time with her family and contributing to the artistic and cultural vibrancy of the Westside.

SLC City Council

City Council Member, District 1

Victoria Petro

City Council Member, District 1, SLC City Council

Zach Clegg

VP, Lincoln Property Group

Joe McClyde

Associate Partner, MVE + Partners

Moderator

Brad Toone

Principal, CLA

WHY THIS MATTERS

What You'll Learn

With downtown Salt Lake City still accounting for 40% of the metro’s total units under construction (2,300 units), and West Salt Lake City (1,300 units) and Sugar House (800 units) also seeing significant development, how will this concentration of new supply impact leasing activity, rental pricing, and long-term demand across these submarkets?
How is the sharp decline in development activity over the past two years impacting investment strategies and financing for new multifamily projects?
With occupancy rates projected to rise as the supply-demand gap narrows, how can developers and property managers best position their assets to maximize leasing and retention?
By year-end 2025, rents are projected to rise 2.5% annually, marking the first increase in two years. what factors are driving this recovery, and how should landlords adjust pricing and concession strategies in 2025?
With Utah having only 30 affordable and available rental homes for every 100 extremely low-income renter households and 74% of these renters experiencing severe cost burdens, what policy changes or development strategies could help bridge this gap? How can public-private partnerships and zoning reforms contribute to expanding affordable housing options across the state?

How You'll Do More Business: Rental demand in Salt Lake City remains strong, driven by a more than 2.0 percent increase in the 20- to 34-year-old demographic—the fastest growth rate among major metros west of Texas. This event presents a key opportunity for industry professionals to engage with market leaders and capitalize on evolving trends. Networking opportunities and in-depth market discussions will foster connections with key stakeholders exploring new projects, acquisitions, and financing strategies. By staying informed and actively participating, attendees can position themselves as valuable resources in Salt Lake City's multifamily sector.

Who You'll Network With At This Discussion: Leading investors, developers, brokers, policymakers, architects, community advocates, property managers, and decision-makers moving SLC's multifamily market forward.

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.

Questions about your ticket purchase or interested in sponsoring? Reach out to customerservice@bisnow.com for customer support. For questions, recommendations, comments, or press inquiries please email Kay VanAsdale at kay.vanasdale@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days before the event.

Venue

Hyatt Regency Salt Lake City
170 South West Temple
Salt Lake City, UT 84101

Ballroom: Salt Lake A&B, 2nd Floor

Parking Information:

Valet parking $27 for day event
Self-parking $20 for day events

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Agenda

Time	Activity
8:00 AM 9:00 AM	Breakfast & Networking
9:00 AM 9:45 AM	Developing, Designing and Managing Multifamily Communities for Diverse Renters Strategies for Creating Inclusive, High-Performing Properties That Attract and Retain Residents Across All Income Levels
9:45 AM 10:00 AM	Networking Break
10:00 AM 10:45 AM	Navigating an Evolving Multifamily Landscape Analyzing Rent Growth, Occupancy Trends, and Investment Opportunities in the Face of Demographic Shifts and Economic Uncertainty
10:45 AM 11:30 AM	Closing Networking

PROJECTS & NEWS YOU SHOULD KNOW

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Salt Lake City Multifamily Summit

Strategies for Developing, Leasing and Managing Residential Assets Amid Shifting Demand, Rising Rents and Evolving Housing Needs

Speakers and Panels

Developing, Designing and Managing Multifamily Communities for Diverse Renters

Strategies for Creating Inclusive, High-Performing Properties That Attract and Retain Residents Across All Income Levels

Carol Nelson

Krista Peters

Jason Algaze

Rebecca Gromet

Rawley Nielse

Navigating an Evolving Multifamily Landscape

Analyzing Rent Growth, Occupancy Trends, and Investment Opportunities in the Face of Demographic Shifts and Economic Uncertainty

Eli Mills

Mike Watson

Victoria Petro

Zach Clegg

Joe McClyde

Brad Toone

WHY THIS MATTERS

Venue

Agenda

PROJECTS & NEWS YOU SHOULD KNOW

Sponsors

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Want to get a recap of everything covered at the event?

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