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EXPLORING THE UNCHARTED WATERS OF VALUATION IN TODAY'S COMMERCIAL REAL ESTATE MARKET
Valuation of commercial real estate has always been fundamental to real estate transactions. However, valuation has taken on an even more pivotal role in today's distressed real estate market. During this panel, a senior accounting professional, property owner, and real estate valuation expert will explore how current valuation models are being used to analyze today's real estate transactions. In particular, the panel will focus its attention on how to effectively incorporate into the valuation process such key issues as minimal deal flow, continual repricing of commercial real estate, unavailability of traditional sources of capital, and evolving accounting standards.
MODERATOR
Heather Stern, Of Counsel
Kralik & Jacobs LLP
Heather Stern is of counsel with Kralik & Jacobs LLP, where she specializes in real estate and business litigation. Ms. Stern litigates valuation issues in the context of financing disputes, foreclosures, partnership disputes, eminent domain, and property tax assessment appeals.
PANELISTS
Raymond Lowe, Managing Director, Real Estate Banking Group
Wells Fargo Bank N.A.
Raymond Lowe manages the Downtown Los Angeles offices of Wells Fargo’s Real Estate Banking Group, a commercial real estate lender for medium- and larger-sized customers. Mr. Lowe joined Wells Fargo in 1985, and held prior positions in both the Pension Advisory and Non-Recourse Real Estate Lending Groups.
James Phelan, Chief Financial Officer
The Ratkovich Company
James Phelan is the chief financial officer of The Ratkovich Company. Mr. Phelan is responsible for the financing of the company’s operations, overseeing the financial analysis of each opportunity, and the placement of debt and equity for each project. He is also responsible for managing the company’s acquisition and disposition processes.
Craig Stevens, Principal
Lee & Associates
Craig Stevens is a principal at Lee & Associates. During his 33 years in commercial real estate, Mr. Stevens has represented numerous Fortune 500 companies in commercial sales and leasing transactions that have exceeded $3 billion. Since January 2003, Mr. Stevens has sold existing buildings and land to develop more than 3,000 apartments and condominiums.
Return to Breakout Sessions Listing>
Valuation of commercial real estate has always been fundamental to real estate transactions. However, valuation has taken on an even more pivotal role in today's distressed real estate market. During this panel, a senior accounting professional, property owner, and real estate valuation expert will explore how current valuation models are being used to analyze today's real estate transactions. In particular, the panel will focus its attention on how to effectively incorporate into the valuation process such key issues as minimal deal flow, continual repricing of commercial real estate, unavailability of traditional sources of capital, and evolving accounting standards.
MODERATOR
Heather Stern, Of Counsel
Kralik & Jacobs LLP
Heather Stern is of counsel with Kralik & Jacobs LLP, where she specializes in real estate and business litigation. Ms. Stern litigates valuation issues in the context of financing disputes, foreclosures, partnership disputes, eminent domain, and property tax assessment appeals.PANELISTS
Raymond Lowe, Managing Director, Real Estate Banking Group
Wells Fargo Bank N.A.
Raymond Lowe manages the Downtown Los Angeles offices of Wells Fargo’s Real Estate Banking Group, a commercial real estate lender for medium- and larger-sized customers. Mr. Lowe joined Wells Fargo in 1985, and held prior positions in both the Pension Advisory and Non-Recourse Real Estate Lending Groups.James Phelan, Chief Financial Officer
The Ratkovich Company
James Phelan is the chief financial officer of The Ratkovich Company. Mr. Phelan is responsible for the financing of the company’s operations, overseeing the financial analysis of each opportunity, and the placement of debt and equity for each project. He is also responsible for managing the company’s acquisition and disposition processes.Craig Stevens, Principal
Lee & Associates
Craig Stevens is a principal at Lee & Associates. During his 33 years in commercial real estate, Mr. Stevens has represented numerous Fortune 500 companies in commercial sales and leasing transactions that have exceeded $3 billion. Since January 2003, Mr. Stevens has sold existing buildings and land to develop more than 3,000 apartments and condominiums.Return to Breakout Sessions Listing>