EASTERN BRANCH MEETING - "Southern California Apartment Market - Regulatory Changes and Market Conditions"

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Notes

ZOOM LOG INFORMATION WILL BE SENT OUT ON 05/01/2023

LOG-IN WILL BE AVAILABLE AT 9:30 AM

THE PRESENTATION STARTS AT 10:00 AM,

THE PRESENTATION ENDS AT 12:00 PM

Photo Verification: REQUIRED
As part of the required attendance monitoring, all students need to provide the Chapter Office with a copy of your Driver's License in advance of the offering. 

·         Simply take a picture of your DL with your phone or send a scanned copy to lianna@sccai.org

·         Registrants who have not yet forwarded their photo IDs will be ineligible for credit and will be prohibited from attending the seminar

PRESENTATION

Onsite check-in begins at 9:30 AM on Wednesday, May 3rd.  This will provide registrants an opportunity to work out any last-minute technological kinks before instruction begins.  The presentation will begin at 10:00 AM and will conclude by 12:00 PM

Required Equipment

It is the student's responsibility to have the required equipment - dependable Internet access, computer, webcam and microphone.  As noted in the material section below, some registrants who opt not to print out the seminar materials may find a secondary device (Ipad, cell phone, laptop or desktop computer) helpful during instruction. 

·         A webcam is required.  The instructor and/or session monitor must be able to see each of the students and verify that they have access to the seminar materials throughout the presentation.  If you do not have a camera on your computer, they are available at BestBuy and other online retailers starting at around $30.
 

·         Webcams must remain on throughout the offering.  Those who turn off their webcams jeopardize receipt of CE credit.  No camera = no credit.
 

·         Joining the offering with a cell phone is not recommended as these devices often lead to connection problems.  Cell phones are better utilized solely as a secondary devise.
 

·         Students must be able to see and be seen. They must be able to view the instructor's PowerPoint, and follow along in handbook all at the same time, while the instructor sees them.

Cancellation Policy

There is a $15.00 Cancellation Fee 

Additional Information

“Southern California Apartment Market – Regulatory Changes and Market Conditions”

TOPIC:

This webinar is an overview of major changes that are happening in the regulatory/tax landscape for apartments in the Greater Los Angeles market. Two experts who follow the apartment market carefully will bring up to date on these changes, offer suggestions and guidance about their possible effects, and answer questions about related matters.

SPEAKERS:

George Koiso, MAI

George Koiso, MAI, is a Principal and Senior Managing Director for Worth Valuations. With over 18 years of valuation experience and having managed the production of thousands of appraisals, Mr. Koiso has established a reputation for being one of the most trusted appraisers in the Southern California region. Prior to co‐founding Worth Valuations, Mr. Koiso spent 14 years with CBRE’s Valuation and Advisory Services department. He began his career as a trainee and was eventually promoted to the head of the Los Angeles apartment team. Under his leadership, the team was regularly the fastest growing in the region and eventually grew to be the largest team nationwide, a status it maintained for many years. Mr. Koiso specializes in multifamily residential properties. He has significant experience with Class A institutional‐quality assets, both existing and proposed, having worked on many of the highest‐profile assets in Southern California. Mr. Koiso also specializes in affordable housing, Small Balance Loan (SBL) apartments (including value‐add/bridge loan assignments) and has an exceptional record for managing very large portfolio assignments. He has also served as an expert witness for property tax appeal purposes, having been involved with over 100 tax appeal cases. Mr. Koiso also conducts external appraisal reviews for various financial institutions and was previously a Review Appraiser for JP Morgan Chase, where he achieved the highest internal employment rating. He has been a frequent guest.

speaker to various financial institutions on topics ranging from current apartment market trends to valuation methodologies for large versus small apartment assets. Mr. Koiso brings a unique perspective to the industry, focusing on team building and continuous personal development within his staff, all while striving to maintain the industry’s highest standards. He has mentored individuals throughout his career and under his leadership, 7 professionals under 30 years old have obtained their California Certified General appraisal license. While his teams have always been high performing, humanity in the workplace has remained an important core value. Outside of work, Mr. Koiso is a dedicated husband of 15+ years and is the son of Japanese immigrants, who instilled in him the virtue of a strong work ethic. He enjoys spending time with his family, personal development, reading, yoga, mixed martial arts, hiking, and traveling.

Pedro Chin

Pedro K. Chin is a Principal and Managing Director for Worth Valuations. Mr. Chin has been a licensed appraiser for almost 30 years and has established a reputation as one of Southern California’s leading professionals for handling complex real estate valuations across a wide spectrum of property types. Mr. Chin regularly provides consultation services to owners, developers, brokers, attorneys, and other appraisers throughout Southern California, particularly as it relates to land, residual land valuation, ground leases, and feasibility issues.

Prior to co-founding Worth Valuations, Mr. Chin spent over 30 years at CBRE’s Valuation and Advisory Services department in the Los Angeles office. After graduating from the University of Southern California with a Bachelor of Science in Business Administration with an emphasis in Real Estate, he was a practicing appraiser for 20 years focusing on a wide variety of income-producing property types, including retail, office, industrial, multifamily, residential subdivisions, and land valuations. In his last 10 years at CBRE, Mr. Chin has narrowed his practice to specialize in complex multifamily residential valuation assignments, both existing and proposed. He also served as the former co-head of the apartment team, a team he helped grow to become CBRE's largest team nation-wide.

Mr. Chin has appraised some of Southern California’s most iconic residential assets, including Oceanwide Plaza, 9900 Wilshire, The Century, 10000 Santa Monica, Hollywood Palladium, Beverly Hills Hilton (redevelopment), Queen Mary, Dodger Stadium (land), Columbia Square (former CBS Studios), Los Angeles Center Studios (land), The Village at Santa Monica, the House of Blues redevelopment, The Lorenzo student housing, LEVEL Furnished Living, and several multi-use master-planned communities. Mr. Chin also has extensive experience with adaptive reuse conversions to mixed-use multifamily (rental and for-sale) with ground floor commercial or to creative office, properties with boat slips, properties impacted by regulatory restrictions (i.e. LIHTC’s, HUD, Mills Act, Coastal Commission, split-zones, conservation land, etc.), and ground-leased assets.

Shahin Adeli

Shahin Adeli is Senior Vice President at CBRE Debt & Structured Finance, based at the firm’s West Los Angeles office. Shahin’s expertise and focus is in originating debt placement across a variety of commercial real estate specialties, including but not limited to retail, office, industrial, and multifamily. He services middle market and institutional clients to consult, structure, and execute purchase financing, construction financing, bridge financing, and refinancing. Shahin has strong personal relationships with many different lenders, ranging from life insurance companies to private money lenders, and has a proven track record of quickly and effectively executing on requests, providing the highest return for his clients. While his focus is on financing properties within Southern California, Shahin also has a national reach. Prior to joining CBRE, Shahin was at Amherst Real Estate Capital, where he hired, trained, and managed a team of associates. Strong ethics, a sense of responsibility, good communication skills and a stellar work ethic are part of Shahin’s core values.

Disclaimer Information

ATTENDANCE CERTIFICATE:

With the recent transition to the Appraisal Institute’s NetForum registration system, attendance certificates will be available for download directly through the AI’s national website. The procedure to obtain your certificate is:

Go to www.appraisalinstitute.org

Log into Your AI Account

Select Education/Events on the right sidebar

See List of All Offerings

Scroll to the specific offering which shows Registered and click

At the very bottom of the screen, click Retrieve Certificate

NOTE: Allow a minimum of ten business days for certificates to be available. The Chapter office cannot view, nor can we retrieve copies of your attendance certificate. Anyone having difficulty accessing their certificate should contact the Education Delivery Services Dept. directly at education@appraisalinstitute.org.

Program materials can be downloaded by the student.

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.