And now…

Residence of the FutureEmerging Multifamily Trends and Innovations for the Next Cycle

Moderator:Daniel Price, Co-Founder, President & CEO, OneTitle

Presenters:Jeff Hendler, President & Chief Products Officer, Energy Technology Savings

Rachel Loeb, Director of Development, World Wide Group

Andrea Olshan, Chief Executive Officer, Olshan Properties

David Schwartz, Principal, Slate Property Group

Author:

Household income vs. Median Sales Price

Median Sales Price (indexed to 2009)

Median Household Income(indexed to 2009)

95%

100%

105%

110%

115%

120%

2009 2010 2011 2012 2013 2014 2015

Author:

Household income vs. Median Rent

Median Rent (indexed

to 2005)

Median Household Income(indexed to 2005)

95%

100%

105%

110%

115%

120%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Author: Olshan Properties

Planning for the Next Cycle

*Min. incomes calculated using 40-times Rule on sample set of new condo development listings in corresponding neighborhoods

**Avg. Minimum Income calculated on current market rents by unit type and neighborhood

● When challenged, renters will drive

towards value

● Avg. Minimum Gross Incomes of

renters in new condo developments are

41% higher than pre-war renters

● Neighborhoods like UWS and parts

of Brooklyn far exceed market

averages

● Traditional multifamily: lower basis –

less amenities – greater market

tolerance

● Renters of larger units (3BR) can earn

$100K less in gross income based on

product type alone

Author: Jeff Hendler

Residence of the Future: Emerging Multifamily Trends and Innovations for the Next Cycle

Amenities

• Fitness Area

• Larger Lounges

• Pet Friendly

IoT Devices and Services

• Property Management

• Residential Smart Apartment

• Real Time Building Intelligence

Wi-Fi Connectivity

• Common Areas

• Mechanical Areas

• Residential

Resiliency/Sustainability

• CHP

• Solar/Battery

• EV Charging

And now…

Behind the Velvet RopeSecrets to Raising Capital and Borrowing Funds Today

Moderator: Seth Molod, Executive Partner, Berdon

Presenters:Eric Gray, Principal, Millhouse Peck Properties

Andrew Miller, Principal, Novel Property Ventures

Scott Swerdlin, Senior Vice President – Multifamily, Capital One

Phil Watkins, Principal, Megalith Capital Management

Source: Commercial Observer | June 2017

NY Multifamily Market Snapshot

Q1 2017 Q1 2016Change

(Year-Over-Year)

Dollar Volume $1.70 Billion $3.86 Billion -56%

Transaction Volume 291 455 -36%

Price per Square Foot $432 $405 +6.8%

Cap Rate 4.51% 4.30%1+0.21%

1This figure represents the Cap Rate as of Q4 2016

Megalith Capital Management

• Founded in 2011

• Real estate owner and developer focused on investments in New York City and other

urban, supply-constrained markets

• Equity commitments through Megalith Capital Group Funds as well as various institutional

co-investors

Megalith Outlook

• Capital raising and borrowing has been more challenging yet there is continued demand

for deals with strong fundamentals and rational underwriting

• Megalith’s focus: off-market deals and distressed opportunities with creative structuring

• Structured returns

• Seller financing

• Ground leases

• Land contributions

• Partnering with sponsors in need of a balance sheet and track record through co-GP

structure with Megalith as the lead developer to ensure certainty of execution

• Continued focus on the New York market and actively looking to add to our portfolio

Author: Megalith Capital Management

And now…

Ran Eliasaf, Managing Partner, Northwind-Group

Jonathan Kalikow, President, Gamma Real Estate

Rick Gropper, Principal, Camber Property Group

Mark Stagg, Founder, Stagg Group

New OpportunitiesDiscovering Hidden Gold in a Picked Over Market

Panelists:

Peter von der Ahe, Senior Managing Director, Marcus & Millichap

Moderator:

Author: Ran Eliasaf

Ne

t O

pe

rati

ng

In

com

e

Average Rent/SF

66 Pearl

Other Projects

VALUE CREATION

LOW LEVERAGEATTRACTIVE

RISK ADJUSTED RETURN

And now…

Design and DeliverManaging Costs of Construction through Good Management & Innovation

Panelists:David Amirian, Founder & Principal, The Amirian Group

Michael Feigin, Chief Construction Officer –EVP, AvalonBay Communities

Dan Hollander, President, DHA Capital

Abby Hamlin, President, Hamlin Ventures

Richard Wood, President and CEO, Plaza Construction

Moderator

Author: Plaza Construction LLC

45 East 22nd StreetNew York, NY