Deal Flow Friday

LA WILDFIRE - DONATION LINKS:⁠Red Cross Wildfire Relief Efforts⁠⁠GoFundMe.org Wildfire Relief Fund⁠⁠Los Angeles Fire Department Foundation⁠⁠Salvation Army Wildfire Relief⁠In this episode of Deal Flow Friday, David Moghavem invites Michael Brodie from Marsh Insurance, along with Max Sharkansky from Trion Properties, to discuss the current state of the commercial and residential insurance market, particularly in light of recent natural disasters such as wildfires and hurricanes. They explore the implications of taxpayer-funded insurance programs, the importance of resilience in property investment, and the evolving philosophy around insurance coverage. The conversation also touches on the future of construction materials and market trends, including predictions for insurance premiums and the challenges faced in the casualty insurance market. The episode concludes with a hopeful outlook for the insurance landscape as it begins to stabilize after years of volatility.Chapters00:00 Acknowledgment of Los Angeles Wildfires [Donation Links Available in Show Notes]04:14 Introduction, Max and Michael08:09 Understanding Residential Taxpayer-Funded Insurance Programs11:52 Resilience in Property Investment 18:17 The Balance of Coverage vs Premium21:26 Insurable Construction Standards vs Cost of Construction 24:38 How Catastrophic Residential Losses affect Commercial Insurance Market30:27 "Park Place & Boardwalk": Top Markets for Insurers? 33:16 Underwriting Trends in Adjusting Risk Models36:25 Predictions on Where Insurance Premiums are Going39:32 Casualty Insurance Trends

Henry Stimler, part of Newmark's Capital Markets team in New York, dives into the thriving opportunities within real estate. He and Ricky Warner emphasize the significance of relationships in multifamily lending and examine market trends heading into 2025. They discuss the bullish outlook for Columbus, driven by key developments like Ohio State University, while also highlighting the resilience of major cities. The duo covers the impact of interest rates on market sentiment and stresses the need for creative financing strategies amid economic fluctuations.

Max Sharkansky and Mitch Paskover, managing partners at Trion Properties, delve into their entrepreneurial journeys in multifamily real estate. They share insights on the shift to Miami and its lifestyle implications while reflecting on market surprises from 2023. The duo discusses interest rate predictions, the impact of tariffs on inflation, and the promising outlook for Atlanta and West Coast markets. They also explore investment strategies amid economic shifts, emphasizing suburban opportunities and cautious optimism for the future.