COVID-19 Impact on Commercial Real Estate In South Florida Presented by PROFILEmiami

Registration Link: https://us04web.zoom.us/webinar/register/6215856217249/WN_obbwfc2LROmhcaJkQMedVg

PROFILEmiami, South Florida’s leading real estate news and events platform, presents a conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. Hear first hand from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.

Where: Once you register, Zoom will send you a link to the webinar.

When: Friday, April 3, 2020 | 3-4 PM

Speakers:

  • Michael T. Fay, Principal and Managing Director, Avison Young

  • Jacques Bessoudo, Managing Partner, Galium Capital

  • Thomas D. Wood, President, Thomas D. Wood & Company

Topics:

  • What effects have we seen on valuations, leasing and sales velocity, construction, availability of capital, and tenants in the South Florida real estate market so far?

  • As a landlord, how are you managing your tenants right now?

  • In the face of negativity there is always opportunity. Where do you think we will see opportunity open up?

  • What is the current state of financing - are deals falling out of contract? Bank vs. non-bank sources of capital - who’s willing to lend?

  • How are you working with your teams remotely? 

Can’t tune in live? Sign up below now and we will share a recording after the webinar.

Registration Link: https://us04web.zoom.us/webinar/register/6215856217249/WN_obbwfc2LROmhcaJkQMedVg

Panelists:

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Jacques bessoudo

Managing Partner - Galium Capital

Jacques Bessoudo is a co-founder and managing partner of Galium Capital, a commercial real estate private equity group with over $400 million in assets under management. He is actively involved in the acquisition, asset management, development and disposition of real estate properties across the United States. In addition, Jacques oversees the property management of over 200 single-family homes. Jacques’ prior experience includes eight years in The Boston Consulting Group, one of the top global strategy consulting firms. Jacques holds an MBA from Harvard Business School, and a BA in Finance from ITESM.

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Michael T. Fay

Principal & Managing Director, Miami - Avison Young

Michael T. Fay is a prominent commercial real estate broker as a principal and the managing director of the Miami Avison Young Miami office with over 35 years of experience. Michael has been involved with over $12 Billion in closed transactions, specializing in capital markets, REO and note sales, as well as strategy and implementation for large national corporate real estate accounts. On a national level, Michael works with institutional and private investors, lenders, special servicers, REITs, hedge funds, national and local banks, insurance companies, major automotive dealerships, and commercial debt restructuring firms. During the last ten years Michael has worked with over 50 financial institutions, lenders and special servicers on REO and note sales including the FDIC in the sale and management of their assets.He has extensive experience in banking as a past founder and director of a community bank and has been involved in the selling of bank assets and notes.

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Thomas D. Wood

President - Thomas D. Wood & Company

Thomas D. Wood Jr. founded Thomas D. Wood and Company in 1987 with his father, Thomas D. Wood Sr. Thomas D. Wood Jr., is the President of Thomas D. Wood and Company where he oversees all aspects of loan production, loan servicing, correspondent relationships, and management. Mr. Wood has secured over 4 billion dollars in loan closings , and continues to actively originate and structure commercial transactions throughout the State of Florida as well as across the country. In 2005 Mr. Wood and his partners purchased Colliers International South Florida, where Mr. Wood served as the Chief Operating Officer. The company was sold to Avison and Young in 2015.Mr. Wood has served on the MBA Commercial Board of Governors since 2016 and has been a member of the Mortgage Bankers Association since 1988.


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