Future Proofing Portfolios

Hurricanes. Flooding. Geo-political strife. Climate change. Massive unemployment. Despite the growing prevalence of disastrous events, risk mitigation of these so-called "black swans" is just beginning to ping the strategic radar of multifamily asset and portfolio managers. From insurance to property values to financing and development, how your portfolio accounts for the risk of the unknown can have significant impact to how well your assets and investments ride out the storms of the future.

The 2013 Apartment Revenue Management Conference is pleased to welcome Dr. Wouter Botzen who joins Resource Residential Vice President of Revenue Management Kevin Huss and Alliance Residential Director of Revenue and Research Blerim Zeqiri on Asset Valuation Forecasting: Black Swans and the Top 5 Things You Can't Control for a look into the near-future of improved underwriting and risk management in multifamily real estate.

An internationally recognized expert on the intersection of low-probability risk, hazard insurance and climate-related property damage, Dr. Botzen serves as Assistant Professor at the Department of Environmental Economics, Institute for Environmental Studies (IVM), VU University Amsterdam. He is a visiting scholar at the Risk Management and Decision Processes Center at the Wharton School of the University of Pennsylvania.

“Everyone is seeing black swans all of the time, but no one is incorporating them into their decision making,” says Botzen. “There is also evidence and research that these events are happening more frequently.”

Of course, business disasters can be man-made, too. “The housing crisis and great recession was driven by the decisions of individuals, companies, and governments, and we all know how that imploded and impacted everyone,” says Zeqiri. “We’d like to discuss similar things that have equally huge repercussions to the economy and multifamily valuations and properties, or even the industry moving forward as it comes to financing and the acquisition and development of new properties.”

In advance of the panel presentation at the conference, you also won't want to miss the lunch networking roundtable on Low Probability Risks and Asset Values with Botzen and Huss. Get a sneak peak of their exclusive presentation and bring some black swan ideas of your own to the table for discussion. Networking roundtables are first-come, first-serve, so pull up a seat ASAP Tuesday, Sept. 24 during lunch at the 2013 Apartment Revenue Management Conference.

If you haven’t secured your tickets yet, make sure to register today. We'll look forward to seeing you there!