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Importance of innovation: Multifamily experts weigh in on the trends and opportunities in the CRE space

March 16, 2022

Importance of innovation: Multifamily experts weigh in on the trends and opportunities in the CRE space

Join this conversation with friends, former chairpersons, and incredibly successful entrepreneurs and leaders in multifamily.

A special Walker Webcast comes your way as big powerhouses share a wealth of experience and industry insights from the National Multifamily Housing Council (NMHC) Conference!

Join this conversation with friends, former chairpersons, and incredibly successful entrepreneurs and leaders in the multifamily industry:

  • Doug Bibby, President of NMHC
  • Daryl J. Carter, Founder, Chairman, and CEO of Avanath Capital Management, LLC, a California-based investment firm that specializes in affordable and workforce communities
  • David Schwartz, CEO, Chairman, and Co-Founder of Waterton, a real estate investment and property management company specializing in multifamily, senior living, and hospitality
  • Susan Ansel, President and CEO of Gables Residential, a private REIT focused on development, acquisition, and management of multifamily communities

In this engaging discussion moderated by Willy, these industry greats share their reflections on NMHC – a national organization with more than 1,700 members promoting and advocating for the multifamily industry since 2001. Doug Bibby shares that his sole cause in his successful run of the NMHC was putting people in homes. "That was always a motivator for me. We're putting a roof over people's heads, we're not polluting the environment, and we're not doing bad things. We're actually helping people achieve their dreams." 

Willy asks Doug to share how he took the rest of his executive team and turned Fannie Mae from being a huge liability to the taxpayers, becoming one of the truly great corporations in America. "We have reinvented what was essentially a government bureaucracy, with 20% of the employees who were civil servants, and there was one product line. It was a 30-year fixed-rate mortgage. There were no arms, no multifamily, no embassy. And we were able to reinvent everything." He brought his 16-year experience and excitement to his role at NMHC.

Daryl Carter acknowledges the values that Doug had that were instrumental in positively shaping the industry, one in which to accommodate more institutional capital. Starting Waterton in 1995 shows a big difference in scale level and the types of funds they're raising with the whole process transforming materially. 

Sue Ansel attributes her involvement with NMHC as very helpful to her growth. As CEO of a major real estate corporation and chairwoman of NHMC, the experience of picking the brains of impactful executives in other large organizations impacts her own leadership. "Those are some of the really unique opportunities that we get in these roles and a huge chance of a lifetime."

David Schwartz enumerates the highlights of being NMHC chairman, growing in servant leadership, emotional intelligence, authenticity, and trust. He covers how being underbuilt as an industry puts us behind for over a decade that we're just not building enough housing, resulting in rent inflation.

Daryl Carter is all praises for the culture that has been built at NMHC. There may have been "a lot of work, but also a lot of joy," says Daryl. As chairman, he cites the advancement in prioritizing inclusion in the industry and seeing talent and opportunity in all shapes and forms. "I think we've made a lot of progress, but we have a long way to go, but we're moving there. You have to be an optimist in this business."

Links:

Follow Daryl Cater on LinkedIn.
Learn more about Doug Bibby.
Follow David Schwartz on LinkedIn.
Follow Susan Ansel on LinkedIn.
Check out Walter & Dunlop’s website.


 

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