The Impact of Technology on Real Estate
In "The Impact of Technology on Real Estate," I will discuss emerging technology that will affect various real estate asset classes. Many real estate investors are not including technological risk in their evaluations of opportunities. Having these technological advances on your radar will create an opportunity for you to assess how they will directly or indirectly impact your potential investments. The pace of the adoption of technology is much quicker than markets anticipate. We will dive into a few technologies that are colliding into each other, reinventing products, services, and industries. I will also discuss how COVID along with technological advancement will expedite the timeline for change, just as the 2008 crisis saw the birth of the "Sharing and Gig Economy" the COVID crisis will see the birth of the "Collaborative and Distance Economy."
- Residential is a much safer bet, why?
- Geographical preferences and how they will change.
- Technology will alter the labor pool, giving and taking jobs.
- There are no absolutes. No asset class will disappear.
- The effects of Autonomous Platforms, AI, 3D Printing, Batteries and Solar, VR, and other emerging tech that will affect real estate in various ways.
Event Recording
The Impact of Technology on Real Estate
Speaker
Danny Kattan
- Title
- Managing Partner, Capital Markets @
- Company
- PIA Residential
- Role
- Speaker
Mr. Daniel Kattan is a Principal and Co-founder of PIA Residential "PIA". Today the company owns and operates over 1,200 multifamily units across the southeast. Mr. Kattan serves as the Managing Partner of Capital Markets and is responsible for all aspects of capital raising and investment activity. Throughout his career, Mr. Kattan has more than 15 years of real estate experience and has been involved in the financing and acquisition of over 1000 single-family and multifamily units. He was instrumental in the financing, refinancing, and disposition of PIA's portfolio and was responsible for structuring more than $180 million in non-recourse debt.
Mr. Kattan is also the Founder and CEO of the real estate platform Sell2Rent and the Co-Founder and Executive Manager of W.I.N.E. The Wharton International Network of Entrepreneurs, a nonprofit in conjunction with the Wharton School of Business.
Prior to creating PIA, Mr. Kattan distinguished career was comprised of senior positions with both Countrywide Financial and the Pan-American Investment Fund for Chile's Grupo CB. He advised investors consulting on non-performing note pools and focused on the financial, real estate, transportation, and infrastructure sectors in these roles. He also successfully launched internet services, advanced telecommunications, and biotechnology companies.
Currently, Mr. Kattan serves on the Board of Advisors for BBVA Bank, the Planning and Zoning Board of the City of Hallandale, the Advisory Board for the Center of Advanced Jewish Education, and Chairman of Board of C.H.A.P., the Community Hebrew Afterschool Program. Mr. Kattan is a member of the Entrepreneur Organization "E.O" and a frequent contributor to the Forbes Business Journal.
Mr. Kattan graduated cum laude from Northeastern University with a B.A. in Industrial Engineering. He attended The Wharton School of Business at the University of Pennsylvania, where he earned an M.B.A specializing in Finance.
About
PIA Residential
PIA Residential is a private equity real estate firm with a proven track record, buying and managing residential properties in the Southeast Unites States. The partnership currently owns and operates over 1,200 multifamily units across the southeast. During the last decade, PIA invested heavily in the single-family and medium-sized multifamily market; and through successful management and repositioning, PIA reaped the benefits of tremendous value appreciation. PIA's seasoned team of professionals brings over 180 years of combined experience in selecting, evaluating, structuring, financing, improving, managing, and selling multifamily assets. With an institutional mindset and entrepreneurial spirit, conservative underwriting, and defensive acquisition strategies, PIA strives to produce above-average, risk-adjusted market returns for our Family Office and HNW individual investors.