With a new administration in place, what’s next for CRE performance metrics and fundamentals? What should we expect for 2021 given updated economic forecasts? How would these translate into CRE performance metrics, given observed historical lags (and can we even use historical data given how different this downturn has been)?
Additionally, panelists will discuss:
- Economic forecasts and an updated view on potential distress in pricing
- What is the experience like for CRE leasing? What are tenants going through, what kind of lease contracts and renewals are being signed, and how does demand for CRE appear to be changing?
- Updates on the debt markets: defaults, losses, and which sectors and subsectors appear to be relatively resilient (yes, even within retail)
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Keith Banhazl is a Managing Director and Head of Commercial Real Estate Finance for Americas within the Structured Finance Group and leads the team responsible for CMBS & CRE CLO new ratings and surveillance at Moody’s Investors Service. The team is responsible for reviewing Conduit/Fusion, Large Loan/Single Borrower, Agency CMBS, Credit Tenant Lease, Small Balance Commercial, CRE CLO, CRE CDO and other structured products at Moody’s Investors Service. He is also Moody’s Global Structured Finance Outreach Coordinator. He has been involved in various research initiatives and outreach activities related to the CRE securitization space, publishing and speaking on Moody’s behalf. Prior to being appointed to his current position, Mr. Banhazl was a Managing Director within the Structured Finance Group leading the US CMBS and CRE CLO/CDO Surveillance team and the review of primary US CRE CLO/CDO transactions, including the credit assessment team for commercial real estate assets within CRE CDO’s and CLO’s as well as Structured Credit transactions. Previously at Moody’s, he rated various fixed and floating-rate Conduit/Fusion and Large Loan CMBS transactions. Mr. Banhazl has a Bachelor of Arts degree from Brown University in Economics and History
Allen Benson, Catylist's Chief Information Officer has more than 25 years’ experience in cutting-edge real estate technology. Starting out as CTO of Windermere Real Estate, the largest regional franchised real estate company on the West Coast, Benson took the company online and was the first in the country to put the entire MLS online for the public to search. In 1997, Allen founded eProperty Data with the goal of bringing the commercial real estate industry technology up to the level of the residential industry. Once the technology was introduced and adopted by the commercial practitioners, the next step was to provide a fully researched solution to the industry. After bringing multiple markets online, eProperty Data was purchased by the National Association of Realtors® in 2007. Allen went back to the grassroots and worked hand-in-hand with commercial brokers to find the void in the industry. In 2016, Allen joined up with Catylist to once again help advance the commercial industry through the use of technology.
Victor Calanog, Ph.D. CRE® is the Head of Commercial Real Estate Economics at Moody’s Analytics. He and his team of economists and analysts are responsible for the firm’s commercial real estate market forecasting, valuation, and portfolio analytics services.
Dr. Calanog's research has received awards and fellowship support from several institutions, including the Ford Foundation, the Russell Sage Foundation and the Penn Lauder Center for International Business Research.
Kevin is a senior director and Head of CRE Economic Analysis at Moody’s, responsible for research, thought leadership and strategic initiatives for the Moody's CRE group, with a focus on capital markets and climate risks. He’s the industry member chair of the Commercial Real Estate Finance Council ESG and Sustainability Initiative. He was formerly director of CRE and CMBS research in the Moody’s Investors Service. Prior to joining Moody’s, Kevin held CRE research roles at ING Clarion and Jones Lang LaSalle. He also practiced as a structural engineer, designing large scale commercial buildings in California. Kevin holds an MS from the Massachusetts Institute of Technology and a BS from the University of Texas at Austin.
- Director of Information and Commercial Services at the Houston Association of Realtors for 20 years. Launched and manage the CommGate.com commercial information exchange. Administer MLS data access policies.
- Executive VP of Landata, the real estate information subsidiary of Stewart Title for over 5 years. Responsible for managing public records acquisition, GIS mapping and data integration projects and researching the office and industrial lease space and commercial transactions.
- Real estate analyst and cartographer with the Honolulu Law Firm of Carlsmith Ball, specialized in Development, Land Title and Litigation Support for two years.
- Worked in the Houston office of Vinson & Elkins as a Real Estate Analyst for 5 years. Responsible for projects in: Real Estate Development, Energy Systems, Property Condemnation, Financial Institution Restructuring and Litigation Support.
- Economics Degree from Rice University