FIBI Long Beach : Commercial-Residential Redevelopment Opportunities: A Major Post-COVID Value-Add
April 22 @ 7:00 pm - 9:00 pm
Due to the spread of the Coronavirus, we will not be hosting an in person meeting for our April FIBI Long Beach event. We’ll be having a virtual FIBI Long Beach discussion using a Zoom video conference format. We won’t be charging for this event. Please register for the zoom webinar, still taking place at our normal time, 7PM on Thursday, April 22nd. We look forward to dragging ourselves away from Netflix and the news and continuing an informed discussion. Please register here:
TOPIC: Commercial-Residential Redevelopment Opportunities: A Major Post-COVID Value-Add
The State of CA is short 1.5 million housing units and that number is growing. The State has issued additional residential housing unit targets for all cities (roughly an increase of 10% across the board), known as the Regional Housing Needs Allocation (“RHNA”). Example – the RHNA number for the Bay Area is 442k units. 2019 and 2020 saw some of the most important legislation aimed at defining processing time frames, with the stated goal of streamlining processes and getting more units approved quickly. Some of the biggest players in residential development are chasing the larger opportunities; this is a very active space. Small or very small properties may present an opportunity for patient investors or property owners with existing commercial/retail properties who want to enhance their values (think stand-alone “B” and “C” class office, strip centers, etc.).
We’ll be welcoming Frawn Morgan, CEO of LDC Advisors to talk to us about the opportunities for re-entitling and developing some of these commercial and retail properties. She has extensive experience in due diligence and the re-entitlement process for these types of assets. Join us to hear about this exciting and growing opportunity.
DATE/TIME: Thursday, April 22nd, 2021 @ 7:00 PM
Anthony Walker, Buckingham Investments
Frawn Morgan – CEO, LDC Advisors
As CEO, Morgan directs LDC in its role as an advisor to institutional investors and owners of major real assets, serving her clients’ needs with strategic guidance borne of decades of experience. Morgan’s career includes the execution of major master-planned communities from entitlement through lot sales and disposition, as well as the oversight of a multi-billion dollar real asset investment portfolio for the largest public pension fund in the U.S. LDC provides expertise in investor acquisitions (partner qualification, project feasibility), asset management (development management, partner and portfolio oversight, asset re-positioning), as well as specialty services including litigation management, expert witness, asset disposition, and capital sourcing for developers, homebuilders, and other real estate businesses. In addition to her role as CEO, Morgan is the Managing Member and majority owner of LDC Advisors.
Morgan holds an undergraduate degree in Social Science, as well as graduate degrees in Organizational Communications and in Applied Psychology, and is pursuing her doctorate in Organizational Leadership.