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Los Angeles Adaptive Reuse & Repositioning

Name: Los Angeles Adaptive Reuse & Repositioning
Start: 2023-04-11T08:00:00-07:00
End: 2023-04-11T12:00:00-07:00
Location: City Club LA

Revitalizing underutilized products for greater returns

Event Ended On: Tuesday April 11 2023

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Speakers and Panels

The Execution Process: Ins & Outs of Flipping & Pivoting

Key drivers to get the best ROI, construction strategies & creative financing

Fabian Iobbi

Principal, Development, The Kor Group

Chris Tourtellotte

Chris Tourtellotte serves as a Managing Director of LaTerra. Chris is responsible for overseeing the Development group, sourcing and closing new acquisitions, sourcing debt and equity for LaTerra’s projects, and growing LaTerra’s apartment and mixed use development platform, which currently includes over 3,000 apartment units either under construction or in the pipeline. Prior to joining LaTerra, Mr. Tourtellotte spent 7 years at Prudential Global Investment Management (PGIM), a global real estate private equity investment fund manager with over $50 billion of gross assets under management. Most recently at PGIM, Mr. Tourtellotte held the position of Director, overseeing all development activity west of the Mississippi River with over 20 development deals at a total cost basis greater than $1 billion. Prior to Mr. Tourtellotte’s role overseeing West Coast development, he spent 5 years on the West Coast acquisitions team where he worked on closing over $1 billion in acquisitions across all property types (multifamily, office, retail, industrial, and hotels) and all layers of the capital stack (senior debt, subordinate debt, preferred equity and equity). Chris co-founded SnowGlobe Music Festival, which was ultimately acquired by MTV. SnowGlobe is a world-renowned annual music festival (featuring the largest musical acts in the world) drawing over 50,000 attendees over the three day event. Mr. Tourtellotte was responsible for raising the capital, and structuring and negotiating the investment documents prior to the inaugural 2011 festival. Mr. Tourtellotte was selected for Real Estate forum’s 50 under 40 list. Mr. Tourtellotte holds a Bachelors Degree in Business Administration (Cum Laude) with a double concentration (Finance & Accounting) and a minor in Real Property Development from California Polytechnic State University, San Luis Obispo, CA.

LaTerra Development

Managing Director

Chris Tourtellotte

Managing Director, LaTerra Development

Brett Tanimoto

Chief Investment Officer, Vivo Investment Group

Evan Richardson

President, Reaume Richardson

A.J. Crane

Regional Director, Sonder Hospitality USA Inc.

Moderator

Sejal Sonani

Principal, Managing Director LA, HLW

The How & When: Repositioning at its Finest

Feasibility, permitting, zoning, and mitigating risks

Eddie Lorin

CEO & Founder, Strategic Realty Holdings

Nick Griffin

EVP, DTLA Alliance

Mark Oberholzer

Principal, KTGY

Casey McCormick

Founder & CEO, McCormick Compliance Consulting

Moderator

Joshua Loeb

Partner, Ervin Cohen & Jessup

PROJECTS TO BE DISCUSSED

These are some key projects in the area that our panelists will be discussing. Read more about these developments by clicking on the links below.

Venue

City Club LA
555 S Flower St
Los Angeles 90071

Ballroom: Harbor room/Hollywood room - floor 51

Parking Information:

Valet parking address: 515 S. Flower street, Los Angeles 90071.

They will validate each guest’s parking @ $8 for the first 3 hours. Then it becomes the regular posted rate of $4.50 every 10 minutes with a daily max of $42.50.

Please click HERE for Parking Information.

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Agenda

Time	Activity
8:00 AM 9:00 AM	Breakfast & Networking
9:00 AM 9:45 AM	The How & When: Repositioning at its Finest - How to successfully convert underutilized products into profitable assets - When is the best time to deploy capital and determine whether the building is ready for a profitable repurposing? - Fighting the affordable housing crisis through adaptive reuse: How can you utilize the incentives to your benefit?
9:45 AM 10:00 AM	Networking Break
10:00 AM 10:45 AM	The Execution Process: Ins & Outs of Flipping & Pivoting - What are the key drivers to get the best ROI when repurposing? - What are the most cost-effective and thoughtful construction strategies to execute these projects? - What are some of the ways to creatively finance these projects?
10:45 AM 11:15 AM	Closing Networking

Why You Can't Miss This Los Angeles CRE Event

What You’ll Learn About Adaptive Reuse & Repositioning:

What are some of the most noteworthy repositioning projects underway in Los Angeles?
- What strategies have developers and investors implemented to generate higher returns on these projects?
What benefits do adaptive reuse projects offer an investor, equity partner, or developer compared to a traditional ground-up development?
Which buildings are most amenable to repositioning at a feasible price point and undertaking the complexities of conversions?
On a county level, a recent study suggested that the region could add more than 70,000 housing units via property conversions. Can we fix Los Angeles’ affordable housing crisis through repositioning?
What are some of the main challenges of repositioning and adaptive reuse?
- How do developers overcome these challenges?
What is the process for converting an underutilized building into a residential product?
What are some design trends that play a key role in conversion projects?

How You’ll Do More Business From Attending This Event: LA prides itself on having the highest number of future residential conversions overall, with more than 4,300 apartments set to be redeveloped as of 2022. The adaptive reuse trend has accelerated as developers and owners look for alternatives to repurpose their underutilized office, retail, and hotel products. The state’s decision to set aside $400M to offer developers incentives to convert office buildings to affordable housing units pushed it to even greater heights. Join us as we discuss and analyze everything you need to know about repositioning and adaptive reuse within the Los Angeles region.

Who You’ll Meet During Networking: Owners, developers, investors, brokers, city and government officials, business consultants, architects, engineers, lawyers, accountants, and bankers.

What Does Your Ticket Get You: Bisnow events bring together the biggest power players in the industry to 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 us.

For questions, recommendations, comments, or press inquiries please email our Event Producer, Bora Altunay at bora.altunay@bisnow.com.