Ep. 14: Special Release - Live from IMN: Special Edition - Managing Cost Through Operational Efficiencies - Edward Ring - Founder and CEO of New Standard Equities
Jun 15, 2023
auto_awesome
Edward Ring, CEO of New Standard Equities, discusses managing costs, interest rates, operational efficiency, and workforce concerns in real estate. He shares insights from the IMN conference and predicts trends for 2024. The conversation highlights the challenges and opportunities in the evolving housing market on the West Coast.
Attending industry conferences like IMN CFO COO conference is vital for gaining insights and collaborating on solutions with peers.
Maintaining strong relationships with investors and lenders, implementing operational adjustments, and strategic investments help mitigate financial pressures in a rising interest rate environment.
Deep dives
Learning and Sharing Insights at the IMN CFO COO Conference
The podcast discusses the importance of attending industry conferences like the IMN CFO COO conference to gather critical insights and perspectives from thought leaders. CEOs, CFOs, and COOs engage in discussions about operational challenges, financial reporting, and investor relations. By sharing experiences with peers facing similar industry challenges, leaders can identify common issues and collaborate on impactful solutions.
Navigating the Impact of Rising Interest Rates on Multifamily Markets
The episode explores the effects of increasing interest rates on the multifamily real estate sector, particularly in regions like California. Despite the challenges posed by rising rates, there is a focus on maintaining strong relationships with investors and lenders. Strategies such as refinancing to fixed-rate products and implementing operational adjustments help mitigate financial pressures and sustain business operations.
Optimism and Challenges in the Multifamily Real Estate Landscape
Looking ahead, the podcast predicts a potential recession towards the end of the year, lasting into 2024 before a recovery in 2025. Despite short-term uncertainties, an optimistic outlook prevails for the multifamily market, emphasizing the importance of strategic investments in the current market conditions. Furthermore, the discussion highlights the critical role of operational efficiency and resilience in navigating challenges and maximizing opportunities in the evolving real estate landscape.
Edward Ring, Founder and CEO of New Standard Equities joins Brandon Sedloff for a special interview during Juniper Square's IMN CFO/COO conference in May of 2023.