Castle Lanterra Properties’ Founder & CEO, Elie Rieder, Speaks at Prestigious RFKennedy Compass Conference
CRE Leaders Discuss Sustainable Investment Management Practices
HYANNIS, MA, June 30, 2016 – Accepting the prestigious invitation to participate as a panelist at the 2016 RFKennedy Compass Conference, Founder/CEO Elie Rieder spoke on the topic “How Private Funds focused on Real Estate are able to Create Value in the Current Environment.” Moderated by Jack Koch, Principal of the Townsend Group, Mr. Rieder sat on a panel which included industry leaders: Sean Burton (CEO, CityView), Vijoy Chattergy (CIO Hawaii Employment Retirement System), Mary Hogan, (Co-Head Americas Real Estate APG Asset Management), Jeff Krasnoff, (CEO Rialto Capital Management) and Mike Stotz (President, AFL-CIO Investment Trust Corporation).
Keynote speakers included: Henry Cisneros, former Secretary of the US Department of Housing and Urban Development under President Clinton, Deval Partick, former governor of Massachusetts and Managing Director of Bain Capital, and Scott Minerd, Chairman and Managing Partner of Guggenheim Partners.
The Conference took place June 27-29 at the JFK Ballroom, at the Cape Codder Resort and Spa in Hyannis.
The panel discussed a wide range of topics including returns expectations for 2016/2017, attractive sectors and markets, lessons learned from the prior peak, and how the ESG (environmental, social, governance) movement impacts the real estate industry. Rieder discussed Castle Lanterra Properties’ market and asset driven approach, with particular emphasis on the importance of investing in communities where there is a need and demand for quality workforce housing options.
“As a value-add multifamily investor, our focus centers around stable and growing markets where we can elevate the living experience of our residents with thoughtful renovations and amenity upgrades,” Rieder stated. “By taking the time to truly understand the dynamics of the local economy (and what drives it), we are able to formulate a business plan that not only aligns with the intermediate and long-term growth of the submarket but also caters to the local demographic.”
Formed in 2009, Castle Lanterra Properties (CLP) is a privately held real estate investment company focused on the acquisition and management of quality income producing multifamily properties within strategic growth markets throughout the United States. Through a rigorous value-enhancement program that includes thoughtful renovations, operational improvements and ancillary income development, CLP aims to reposition each asset with the goal of maximizing NOI, elevating its competitive position within the market, and providing attractive risk-adjusted returns for its investment partners. CLP currently owns and manages 6,800 units with a value in excess of $1 billion.