• MEREDA's DevelopME Committee's Lunch & Learn Series – “Breaking into Development”, Part 3 of 3: Managing Assets for Maximum Value

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    Name: MEREDA's DevelopME Committee's Lunch & Learn Series – “Breaking into Development”, Part 3 of 3: Managing Assets for Maximum Value
    Date: March 14, 2018
    Time: 11:30 AM - 1:00 PM EDT
    Event Description:
    Join DevelopME for part three of its Lunch and Learn Series “Breaking into Development” on March 14, 2018 at the Rines Auditorium, Portland Public Library from 11:30 a.m. - 1:00 p.m. In this installment, Sherrin Vail and Brit Vitalius will share their insights on the best practices of asset management including overseeing property management, maintaining accurate financial information, making capital decisions to maximize value, and how to execute a disposition while achieving the maximum possible sale price. Ethan Boxer-Macomber will return to moderate the discussion and the hypothetical project from part I and part II of this series will pick up right where the last installment left off. About the Presenters: Moderating the event once again is Ethan Boxer-Macomber, LEED AP, who has over 18 years of experience in real estate, housing, and community development and has successfully led multiple large-scale residential development projects across southern Maine. In 2013, Ethan started Anew Development, a Portland-based real estate development company dedicated to residential infill that provides highest, best community value by adhering to principles of quality urban design, smart growth, and sustainability. Ethan formerly was a City Planner for the cities of Davis, California, and Portland, Maine. He earned a BS in natural resources and ecology from the University of Maine and an MS in community planning and development from the University of California, Davis. He is a returned Peace Corps volunteer and was formerly certified by the American Institute of Certified Planners (AICP). Sherrin Vail joined Northern New England Housing Investment Fund (NNEHIF) in 2017 as Director, Asset Management Operations. She is responsible for leading all routine asset management functions from construction and lease-up through and during stabilization while overseeing asset analysis and quarterly reporting, compliance monitoring and reserves usage. Prior to her most recent role as the Branch Executive Director for the Greater Portland YMCA, Sherrin served as the Director of Property Management for Avesta Housing and has worked in the real estate industry for 18 years. Sherrin earned her BA in Business Administration from Merrimack College. She currently serves as the President for Maine Real Estate Manager’s Association (MREMA). Brit Vitalius, Vitalius Real Estate Group’s founder and Designated Broker, has been representing buyers and sellers of multi-unit investments since 2004. He established VREG in January of 2011 to provide a full complement of residential, multi-family and commercial brokerage services to clients. Brit is a yearly presenter at MEREDA’s Annual Forecast Conference for the multi-unit sector, and he is a leader and advocate in the landlord community. Brit is in his fourth term as President of the Southern Maine Landlord Association, a group which seeks to keep landlords up-to-date on important issues, trends and regulations. This DevelopME Lunch & Learn Event is sponsored by Camden National Bank and Northern New England Housing Investment Fund. Visit www.mereda.org for more information and to register.
    Location:
    Portland Public Library Rines Auditorium 5 Monument Square Portland, ME
    Date/Time Information:
    March 14, 2018 - 11:30AM to 1:00PM Lunch: 11:30 AM Program: 12:00 – 1:00 PM
    Contact Information:
    Shelly R. Clark 207-874-0801
    Fees/Admission:
    Registering for this Event: MEREDA Member: $15 each | Non - Member: $25 each Register After March 7: Member: $25 each | Non-Member $35 each Your RSVP is requested by March 7, 2018. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after March 7, 2018.
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