By Jill Grossman, JCFR Director of Women’s Philanthropy and Affinities
The first meeting of the Real Estate Speaker Series took place on Tuesday morning, May 17, at the Weinstein JCC. Breakfast, networking and a panel discussion followed by a robust Q & A made for an exciting morning talking All About Apartments to the more than 60 attendees.
2021 was a record-setting year in terms of transaction-volume in Richmond for apartments. Who are the buyers today and how have they influenced pricing? How are construction costs changing in the post-covid economy?
John Levy, president, John B. Levy and Company, moderated as the panelists discussed the state of the apartment market in terms of rising interest rates, rising construction costs, rising rental rates, and the current housing shortage.
Panelists Max Comess, managing partner, Levco; Sarah Krumbein, president, Hampshire Properties; and, Nathan Shor, senior vice president, regional director, Partner, S.L. Nusbaum, explained how they are navigating their way through this unprecedented time and fielded questions from a savvy audience about housing equity, whether developers are changing how they raise equity, and what is happening in the Fulton Hill submarket.
Thank you to all who attended the meeting. A special thank you to our Corporate Partners — Allianz, Fulton Bank, Hirschler, Richmond Mortgage, Inc., and Thompson McMullen P.C. Their support allows us to maximize our impact on the community.
Save-the-Dates: the next meetings in the Real Estate Speaker Series will be Sept. 8 and Dec. 1, respectively. Events are complimentary and open to the public with RSVP required. Topics and panels, to be determined. For questions or suggestions for upcoming topics of discussion, please contact Jill Grossman, director of Women’s Affinities and Philanthropy, at jgrossman@jewishrichmond.org or (757) 652-2446.
Some more photos from event.
