ULI Cincinnati: 18 Hour City Series - Public Funds Accelerating Development

When

Thursday, January 16th, 2020
3:30pm - 5:30pm EST

Where

Taft Center at Fountain Square 425 Walnut Street Cincinnati, OH 45202 UNITED STATES
The role of public money in private developments and how to move communities forward.

Pricing

Pricing Members Non-Members
All Types $35.00 $55.00
This session of the 18 Hour City Series is officially sold out. Walk-ins will not be accepted.
 
This registration process includes an option for the entire series
Members: $160 | Non-Members: $260 
The 18 Hour City Series explores the topics facing Greater Cincinnati as it grows opportunities and delivers choice lifestyles to its increasingly diverse population.

On January 16, Capstone Apartment Partners in conjunction with ULI Cincinnati will present the first of the year's sessions, Moving Communities Forward: The Role of Public Money in Private Developments. Topics to be covered include new area developments, the use of TIF and tax abatements as well as other public benefits, how to structure a capital stack, and how should one value a tax abatement - as a developer and as a potential purchaser.
 
The panel will be led by Stasiu Geleszinski, Managing Director, Capstone Apartment Partners and Sherief Gouda, Senior Advisor, Capstone Apartment Partners and include Philip Denning, City of Cincinnati, Gregg Fusaro, Capital Investment Group, Kyle Neumann, Bellwether Enterprise Real Estate Capital LLC, Dan Schimberg, Uptown Rental Properties LLC, and Richard Tranter, Dinsmore & Shohl LLP.
 
Our 18 Hour City Series is a creative problem-solving forum. The structure allows industry talent to engage with panelists to innovate around unique challenges and ideas. Our ULI members are a diverse group of thought leaders. We are doers who design and solve for effective use of land and the built environment. Expert panelists will present contemporary thinking on a subject and together we will help form, create and sustain our 18 Hour City.

The concept of the 18 Hour City is important because the label has proven to be a good indicator of growth potential. ULI, for example, has tracked the progress of cities it designates as 18 Hour, and the data is compelling. If a city has quantifiable success attracting millennials with a solid and growing job base, yet is more affordable than the cities from which they are migrating, it is logical to believe that it will thrive. (Formigle, 2017)

WHEN

3:30-5:30 pm at the Taft Center at Fountain Square
Selected Thursdays, Every Other Month

January 16
March 12
May 21
July 9
September 10
November 12

TOPICS
 
January 16: Public Funds Accelerating Development
Stasiu Geleszinski and Sherief Gouda, Capstone Apartment Partners

March 12: Nationwide Perspective on Senior Housing
Richard Tranter, Partner, Dinsmore & Shohl LLP

May 21: Technical Assistance Panels - 5 Local Challenges & Solutions
Real Estate Accelerator Lab (REAL) Participants

July 9: Portfolio Conversion: Developer Partners Approach for Transformation
Gregory Johnson, CEO, Cincinnati Metropolitan Housing Authority

September 10: Zoning Codes that Reduce Barriers to Community Vision
Sean Suder, Partner, Calfee, Halter & Griswold

November 12: The Urban Generation
Kathleen Norris, Managing Principal, Urban Fast Forward

PRICING

Members: $35/Session or $160/Series
(Tickets are transferable)

Non-Members: $55/Session or $260/Series

Space is limited to 50 participants to encourage robust interaction. Members and those purchasing the Series will be given preference.

Brought to you by ULI Cincinnati Committee for Mission Advancement and hosted by Taft Law.

Speakers

Speaker

Gregg Fusaro

Regional Partner, Capital Investment Group

As Development Partner, Mr. Fusaro directs the new project development process. He is responsible for all preconstruction activities including site evaluation and acquisition, development scope and vision, zoning and entitlement efforts, performance modeling, and debt and equity structures. He works closely with a variety of third party providers to frame a vision for each development opportunity, while constantly evaluating the risk/reward proposition for each potential opportunity. Prior to joining Capital Investment Group, Mr. Fusaro was Director of Business Development for thirteen years for the housing subsidiary of the Miller Valentine Group, a Dayton, Ohio based developer of industrial, office and residential properties. In that capacity, Mr. Fusaro directed a group that developed 6,000 multifamily rental units, both market rate and tax credit. This assignment included managing the company’s expansion into North Carolina and the development of several apartment properties in the region. He also served as Director of Military Housing for the company. In this capacity he directed the development andrenovation of 1536 military housing units at Wright-Patterson Air Force Base in Dayton, Ohio. Prior to joining the Miller-Valentine Group, Mr. Fusaro was an investment Specialist with CB Richard Ellis for twelve years. In this capacity, he sold apartment and other investment properties. Mr. Fusaro led the Cincinnati CB office in sales for several years and attained the CCIM designation while there. Heworked both with high net worth individuals and institutional clients.

Speaker

Dan Schimberg

President, Uptown Rental Properties, LLC

Dan Schimberg is the President of Uptown Rental Properties, a firm he started in 1985 to fill a niche in high quality off-campus student housing at the University of Cincinnati. This was well before student housing was a separate class of real estate. While most of their real estate holdings are proximate to the University of Cincinnati, URP has grown to own and manage over 3,000 multifamily units and approximately 55,000 square feet of office and retail space in the Greater Cincinnati area. Dan has completed over 250 single family and multifamily apartment renovations as well as constructed over 1,700 units of new urban apartments.

Speaker

Sherief Gouda

Senior Broker, Capstone Apartment Partners

Sherief began his commercial real estate career as an associate with Sperry Van Ness in Cincinnati where he and his three-person team successfully marketed and divested over 5,000+ multi-family units throughout the Midwest. Sherief has developed a reputation throughout the Midwest as an aggressive, tenacious, analytical, client-focused sales professional, with a long track record of successful assignments and repeat clients who continue returning to Sherief for on-going asset management guidance. Sherief graduated from Indiana University’s Kelley School of Business with a B.S. in Marketing. Among his many personal and professional pursuits, Sherief is currently pursuing his CCIM designation. Sherief enjoys exercising, international and domestic travel, listening to Tony Robbins in the car, and spending his free time with his wife and son.

Speaker

Philip Denning

City of Cincinnati

Philip Denning recently became Executive Vice President with The Port, overseeing The Port's neighborhood revitalization program, its finance practice, and its major strategic assets including its likely purchase of the Millennium Hotel property in February. Phil is former Director of the City of Cincinnati’s Department of Community and Economic Development (DCED). In his role, Phil lead a team dedicated to facilitating strategic development and services within Cincinnati to improve the lives of residents, increase business investment, and bring new vibrancy to city neighborhoods. Prior to being selected as director, Phil served as the Major Projects division manager and development officer at DCED. He was responsible for leading incentive negotiations for a variety of prominent real estate development projects, mostly in the urban core neighborhoods of Downtown and Over-the-Rhine. Phil graduated Magna Cum Laude from The University of Cincinnati’s School of Design, Art, Architecture & Planning. He also serves in a leadership role with the Urban Land Institute. Phil lives in Cincinnati’s Northside neighborhood with his wife and three children.

Speaker

Stasiu Geleszinski

Managing Director, Capstone Apartment Partners

Stasiu Geleszinski, or “Stash” as those in the industry know him, acts as the managing director of Capstone’s Cincinnati office. He has led the team through many types of transactions, including multi-family investment sales (conventional, affordable, and student housing), as well as development site sales throughout the Midwest. Stash holds the esteemed Certified Commercial Investment Member designation. He has been involved in the analysis, underwriting, asset management, syndication and disposition of thousands of apartment units worth more than $100M, and represented clients from across the world. Beginning his career in commercial real estate during a recent recession—these challenging, formative times played a significant role in developing the tremendous work ethic, character, and “never say never” attitude, which so clearly encapsulates Stash, and the entire Cincinnati team, to so many in the multi-family industry.

Speaker

Richard Tranter

Dinsmore & Shohl, LLP

Richard is a partner in the Corporate department and chair of the Real Estate practice group. He counsels a variety of clients, including developers, landlords, tenants, corporate owners, manufacturers and investors, with respect to some of the most significant commercial projects in the Midwest. Clients routinely seek his assistance from the inception of a project through the final disposition of the asset. His depth of experience in navigating the administrative, legal and legislative processes enables him to provide clients with practical insights while achieving their objectives in a cost efficient manner.

Speaker

Kyle Neumann

Vice President, Bellwether Enterprise Real Estate Capital, LLC

Kyle has over eleven years of experience in commercial real estate finance, loan origination, credit analysis, underwriting and consulting. Kyle’s current focus is in new loan production and specialized commercial real estate consulting. Kyle understands that every project is unique and brings a very hands on and focused approach to providing customers with the best possible financing solution. Prior to Bellwether Enterprise, Kyle spent two years as a production analyst with Bank of America’s Southeast Production Team in Atlanta and two years as a production associate with JP Morgan’s CMBS platform, also in Atlanta.