Special Situations Post COVID-19 -NPL, Real Estate & Other Distressed Opportunities
Special situations amid COVID - 19 can either be good luck or trying to catch a falling knife. With winners and losers this panel of experts will review their reasons why they think certain investments present better risk reward ratios and support why they think this way. One thing for sure is that there are asset classes that are distressed while others at all time new highs like COVID - 19 never happened. You need to listen to this panel of experts if you want straight talk and an interactive discuss on where and how to best deploy your capital into a diverse set of special situations.
- Are there really deals right now? Is the discount factored in or is this a wait and see game? And what is the timing?
- Capital – will you get a true value - There is so much capital, so how does supply and demand work in this environment?
- Ask each panelist, Overall, where are you seeing the opportunity – what factors should we consider – As an investor how can one participate? (20 minutes)
Event Recording
Special Situations Post COVID 19 NPL, Real Estate & Other Distressed Opportunities
Speakers
Amanda Jogia
- Title
- CEO @
- Company
- Prime Alpha
- Role
- Moderator
Amanda Jogia is the CEO and Co-Founder of PrimeAlpha, a financial services technology business focused on the asset management industry. Prior to founding PrimeAlpha, Amanda worked in a wide range of roles for Tory Burch and Estee Lauder and non-profit companies focusing on finance, strategic planning, business development and new business ventures. Amanda also co-founded two businesses both within the online retail space. Her experience encompasses capital formation and the CFO function as well as sales, marketing and operations efforts. Prior to founding these businesses, Amanda was with Advent International, a private equity fund, in the buyout and venture capital groups focusing primarily in the technology sector. Prior to Advent, Amanda was in Ladenburg Thalmann’s investment banking group. She executed capital raising and financial advisory services for emerging growth and middle-market companies. Amanda started her career at Price Waterhouse Coopers (formerly Coopers & Lybrand) in the audit group. Amanda Jogia graduated with a BS in Economics from the University of Pennsylvania, The Wharton School of Business with a concentration in accounting and management.
Brian M. Prenoveau, CFA
- Title
- Director, Investor Relations and SEC Compliance @
- Company
- Safe Harbor Equiity
- Role
- Panelist
Brian is the Director of Investor Relations and SEC Compliance at Safe Harbor Equity. Brian has over 12 years of investor relations experience specializing in IPOs, shareholder turnover, cultivating Wall Street relationships, financial analysis, model construction. In addition, Brian spent 5 years on the sell side equity research covering REITs & consumer products. He has his B.S. Finance from Miami University (OH), and holds the Chartered Financial Analyst (CFA) designation.
Karen Gados
- Title
- Managing Partner @
- Company
- Pikes Peak Capital
- Role
- Panelist
Karen Gados is co-founder and Managing Partner at Pikes Peak Capital (PPC), a boutique real estate private equity company that purchases deeply-discounted residential houses from banks and resells them near market value to local investors or families who may not qualify for traditional mortgages by replacing traditional bank mortgages with seller financing. Under her leadership, PPC funds buy and sell over 500 properties/year and have achieved an average of 12% unlevered, trailing 12-month IRR. Prior to Pikes Peak Capital, Karen filled various strategic, communications and business development leadership positions at SunShare, one of the first community solar companies in the nation. She also served as a US Peace Corps volunteer from 2008-2010. Karen is an MBA candidate with the University of Colorado.
Adrian Leon
- Title
- Relationship Manager
- Role
- Panelist
Adrian Leon, CFA is a financial advisor working as relationship manager for ultra-high net worth clients. He joined Alvarium (formerly Guggenheim Partners Latin America) in 2013, where he played a senior role in the portfolio management division and has over 12 years of experience in consulting, trading and asset management. Prior to joining Guggenheim, he was a portfolio managers for the Bryant University Endowment.
Rick Sharga
- Title
- President & CEO @
- Company
- CJ Patrick Company
- Role
- Panelist
Rick is the founder of CJ Patrick Company, a consulting firm that helps real estate, financial services, and technology companies develop a position of competitive advantage and use it to drive business strategy, marketing, and sales.
One of the country’s most frequently-quoted sources on real estate, mortgage and foreclosure trends, Rick has appeared regularly over the past 15 years on CNBC, the CBS Evening News, NBC Nightly News, CNN, ABC World News, FOX, Bloomberg and NPR. Rick is a founding member of the Five Star National Mortgage Servicing Association, a member of the Board of Directors of REOMAC, and was included in the Inman News Inman 100, an annual list of the most influential leaders in real estate in both 2013 and 2014.
An accomplished executive with over 25 years of experience in consumer and B2B marketing, Rick was formerly an Executive Vice President for Carrington Mortgage Holdings, and Chief Marketing Officer of the company’s Vylla business unit. Rick was previously the Chief Marketing Officer of Ten-X, the leading online real estate marketplace, where he started in July of 2013 as EVP of the company’s Auction.com business unit.
Prior to that, Rick spent eight years at RealtyTrac, where as SVP he was responsible for marketing, business development and data operations, and won the Stevie® Award for National Marketing Executive of the Year.
About
Safe Harbor Equiity
Safe Harbor Equity is an opportunistic private equity firm that strategically acquires, originates, manages and repositions performing and nonperforming asset-backed real estate mortgages up to $20 million.
With a proven track record of success navigating the complexities of the distressed debt space, Safe Harbor Equity seeks to preserve investor capital while targeting IRR’s of 20% or higher by leveraging highly sophisticated, bleeding-edge analytical techniques, coupled with decades of collective experience, to provide its investors superior returns that are uncorrelated with market volatility.
Leveraging its extensive contacts in the secondary markets for residential and commercial real estate loans; the investment banking and private equity communities, and the commercial and residential real estate sectors in general, Safe Harbor Equity leverages its extensive network to source deals and seize upon unique opportunities wherever they may arise.
Prime Alpha
PrimeAlpha strives to make connections between fund managers and investors easier, smarter, and more efficient. Understanding the importance of both digitization and personal connections, PrimeAlpha’s trusted platform has built a private ecosystem of quality alternative investment opportunities and active investors.
Pikes Peak Capital
Pikes Peak Capital pursues distressed, opportunistic real estate-related investment opportunities across the nation and provides alternative mortgages to income-qualifying families across the U.S. Pikes Peak Capital purchases assets for pennies on the dollar and sells them to 1) qualifying families by replacing the bank through our seller financing, 2) small balance real estate investors via traditional and digital marketing channels. This process empowers low-and-moderate-income families to own their own homes while providing a diversified, opportunistic, asset-backed opportunity to investors. Pikes Peak Capital launched to buy distressed real estate in 2017, at the height of the longest bull market run in recent memory. While our data analytics, algorithms, and underwriting allowed us to cherry-pick undervalued assets during the bull market, we are now able to buy assets at even greater discounts and sell them at premium prices by extending financing to borrowers in a post-COVID environment. Our approach is to build on the ‘bread and butter’ wholesale/owner financing business model that has traditionally generated high returns among small, local real estate investors but to take advantage of operational efficiencies learned from the conventional real estate and mortgage industries that allow us to do it at a larger scale. Our funds are small and highly focused, allowing us to pursue individual acquisitions while offering investors a diversified, passive investment vehicle.
CJ Patrick Company
CJ Patrick Company was founded by Rick Sharga, an accomplished Marketing executive with over 30 years of experience in consumer and business-to-business marketing. The company has extensive experience in the Technology, Real Estate and Mortgage industries, but its process and approach to resolving business issues and taking advantage of business opportunities works across virtually all markets, and for companies ranging from start-ups to Fortune 500 enterprises. We believe that all successful companies are built on strong brands, and that all strong brands are centered on the customer. We help companies create strong value propositions built on these brands that resonate with all of their audiences, and drive business strategies. Services include: Market Research, Strategy Analysis, Business Model Review, Competitive Analysis, Marketing Plan Development, Public Relations, Social Media, Digital and Offline Marketing, Customer Communications, and Internal Communications. For more information, visit www.cjpatrick.com