Real Estate Investors Association Event
REIA Monthly Meeting
Monday, January 14, 2008
6:00pm ~ 9:00pm
Hyatt Regency Bellevue
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This event is FREE
to REIA Members! |
CLOCK HOURS:
.50 Finance .50 Management
and 1.00 Purchasing |
Gregory Wendelken of Marcus & Millichap and
Corr Pearce of Marcus & Millichap Capital Corporation
Present: Investing in and Financing Multi-Family Properties
ONLINE REGISTRATION ON THIS WEBSITE IS REQUIRED
OPEN TO THE PUBLIC!
Our speakers this month are Marcus & Millichap Vice President and Regional Manager Greg Wendelken and Marcus & Millichap Capital Corporation Associate Director Corr Pearce.
This month's meeting will focus largely on one of Marcus & Millichap's specialties: multi-family communities. Our speakers will lend their formidable expertise to our education of what CAP rates are, what other factors should be considered, potential pitfalls, proforma financials and financing. We will also discuss market trends on local, regional and national levels, the importance of operational care, keeping income and expenses in line and more.
Our speakers and their firms are by no means new to this arena.
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Prior to joining the management ranks, Greg previously was a Senior Investment Sales Associate with Marcus & Millichap where he closed nearly 100 million dollars of investment properties, specifically specializing in the sale of apartment properties throughout the Western United States.
The Seattle office, under Greg's management direction since August 1998, has closed in excess of $2 Billion in Investment Sales; the majority being apartments and retail.
Greg was also a Regional Real Estate Director with Arnel Management Company, overseeing the leasing and management of a 1,000,000+ square foot office and industrial portfolio.
A native of Southern California, Greg received his B.S. in Business Administration with an emphasis in Real Estate/Finance from the University of Southern California.
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Marcus & Millichap Capital Corporation (MMCC) sourced more than $1.5 billion in commercial real estate loans in 2006. Corr is responsible for overseeing loan originations and closings in the firm’s Seattle office. Corr has an extensive background underwriting and analyzing commercial real estate transactions, including project definition and development, construction, brokerage and finance.
As an originator, Mr. Pearce works closely with the firm’s real estate investment professionals to ensure that each client obtains financing that complements their real estate investment goals. He offers the full spectrum of loan structures, including permanent, interim, bridge and mezzanine.Prior to joining MMCC, Corr was a principal at International Capital Group in Silverdale and Issaquah.
Corr has managed a $120 million national leased property portfolio and multiple technical space projects for an Internet firm, as well as establishing a partnership for financing of a residential/commercial real estate firm. While at the firm, he analyzed financial proposals for multiple $30 million real estate projects.
Corr's studies include computer science at Washburn University in Topeka and mathematics at the University of Alaska in Kodiak. Corr is an active member of the Bellevue Rotary, an adviser at a local elder care facility and a Lieutenant in the United States Coast Guard Reserves.
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Marcus & Millichap Real Estate Investment Services has been the premier provider of investment real estate brokerage services since 1971. In 2006, Marcus & Millichap closed more than $20.5 billion of investment transactions for private and institutional investors. By closing more transactions annually than any other firm, Marcus & Millichap investment professionals are able to provide an unparalleled perspective on the investment real estate market locally, regionally and nationally. Included in these transactions were shopping centers, office and industrial buildings, apartment properties, single-tenant net-lease properties, hotels/motels, senior housing facilities, manufactured home communities, self-storage and land. Marcus & Millichap has established itself as a leading and expanding investment real estate company with more than 1,300 brokers in markets throughout the United States.
Marcus & Millichap Capital Corporation specializes in providing financing for a full range of investment property types. Their commitment is to provide superior capital market expertise and highly competitive loan products, which enhance the firm's ability to serve its clients in their endeavor to create and preserve wealth.
Our speakers are looking forward to lot of questions from REIA Members and Guests, so bring 'em on!
REIA Monthly Meetings are YOUR BEST source of education and networking! Each REIA Monthly Meeting features an expert in our industry, an assortment of perspective business associates to build your real estate investing teams and ONE FULL HOUR of networking with other investors!
Bring your business cards and flyers for the general networking tables and LOTS of tough questions for our speaker and business associates!!!
ONLINE REGISTRATION ON THIS WEBSITE IS REQUIRED
OPEN TO THE PUBLIC!
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