OBLR RE-Development Academy Webinar #3: Real Estate Finance Basics
Sponsored by: EPA Office of Brownfields and Land Revitalization
Why does it cost so much? This webinar focuses on what goes into a real estate development project and how it is financed. We will review a proforma and discuss sources of capital, uses of funds, and expectations for profit. We will introduce how environmental issues impact the finance process and how they are addressed. The objective is to develop an understanding of what it takes to pay for a development project and what investors need to provide funds for redevelopment.
This is the third webinar in a 3-webinar series for the Office of Brownfields and Land Revitalization's (OBLR) RE-Development Academy, which also includes a half-day workshop. Together, they comprise a single, full Academy program designed to provide a general understanding of real estate and redevelopment. Each session builds on information and skills covered in each of the previous sessions in the series. Your participation in each session will ensure you get the most out of the training.
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It is EPA's policy to make reasonable accommodation to persons with disabilities wishing to participate in the agency's programs and activities, pursuant to the Rehabilitation Act of 1973, 29 U.S.C. 791. Any request for accommodation should be made to at or , preferably one week or more in advance of the webinar, so that EPA will have sufficient time to process the request. EPA would welcome specific recommendations from requestors specifying the nature or type of accommodation needed. Please note that CLU-IN provides both alternate phone call-in options and closed captioning for all webinars, and requests for these specific accommodations are not necessary.
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This webinar is intended solely to provide information to the public. The views and opinions expressed as part of this webinar do not necessarily state or reflect those of the U.S. Environmental Protection Agency. It is not intended, nor can it be relied upon, to create any rights enforceable by any party in litigation with the United States, or to endorse the use of products or services provided by specific vendors. With respect to this webinar, neither the United States Government nor any of their employees, makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights.
Presenters:
Michael Taylor, Vita Nuova, LLC
Michael Taylor, President of Vita Nuova LLC, a national consultancy, leads the repositioning and disposition of complex sites including former nuclear sites, refineries, chemical facilities and sites with significant stigma due to off-site contamination or other issues. Vita Nuova has become known as a specialist in creating value where none exists and developing approaches to long-term sustainable outcomes for all parties. Mr. Taylor has a broad background in environmental science, planning, real estate, stakeholder engagement and sustainability. He chaired the ASTM task group for the National Standard on Sustainable Brownfields Redevelopment and served on the US EPA National Environmental Justice Advisory Committee from 1998-2002. He has trained over 3,000 local economic development, state and federal officials in real estate and redevelopment of contaminated properties, co-authored numerous publications and guidance for US EPA and others and contributed to national brownfields, RCRA and superfund redevelopment policy. He was a graduate Rockefeller fellow at Yale University, where he studied Environmental Science, Public Policy and Ethics. He graduated Cum Laude in Urban Planning and Economics from Roanoke College, is a certified planner with the American Planning Association, and a full member of the Urban Land Institute.
Elaine Richardson, Vita Nuova, LLC
Elaine Richardson has 20 years of experience in senior positions in firms servicing the real estate and environmental industries. She brings leadership and expertise to the position, ensuring that the best possible solutions are provided to clients as well as managing tough issues with stakeholders—public, press, government, and industry. Ms. Richardson has prepared over a dozen reuse assessments on environmentally impaired properties, integrating market opportunities with property constraints. Additionally, Ms. Richardson has focused her communications skills in educating communities on issues related to contamination and redevelopment, and helps build support for the redevelopment of underutilized properties and preservation of green space. Ms. Richardson has significant experience in the real estate industry as a researcher and strategist. She has worked with nationally recognized commercial developers on acquisition identification and analysis, community relations and marketing. Ms. Richardson has authored numerous articles related to environmental, engineering, and real estate issues. She is the past president of The Real Estate Exchange and an active member in the Commercial Real Estate Women National Network. Ms. Richardson has completed industry training in hazardous building materials and OSHA compliance issues. She earned her BS in Communications and Marketing from Southern Connecticut State University.
Barry Hersh, New York University Schack Real Estate School
Barry Hersh is one of the leading brownfields developers in the country, having managed the acquisition and redevelopment of over $200m in environmentally impacted properties nationwide. His experience in the development field includes over 25 years in various positions including development director for a municipality, executive director of a community development corporation, and senior development official for a Fortune 150 corporation. Mr. Hersh was Vice President of Dames & Moore/Brookhill and has participated in 70 successful brownfield redevelopments. He previously served as real estate director with Reynolds Metals Company. Mr. Hersh has, in partnership with Vita Nuova, taught real estate redevelopment to over 1,000 US EPA and state regulatory staff members. Mr. Hersh has led brownfield and waterfront community design workshops throughout North America and in Europe. He was an adjunct associate professor at the City University of New York, and has lectured at many other universities and organizations. He is currently a clinical associate professor at New York University Schack Institute of Real Estate. Mr. Hersh is a leader in the development and planning fields, serving in numerous industry leadership capacities. He was the first chair of the Developers’ Group for the National Brownfields Association; Chair, Finance Committee of The Waterfront Center; Board Member, Partnership for Sustainable Brownfields Redevelopment; and is a member of the Urban Land Institute, NAIOP, and the American Institute of Certified Planners.
Moderators:
Aimee Storm, U.S. EPA, Office of Brownfield and Land Revitalization (storm.aimee@epa.gov or 202-566-0633)
Aimee Storm is EPA's Land Revitalization Coordinator within EPA's Office of Brownfields and Land Revitalization (OBLR). Her work supports community-led redevelopment of contaminated properties and associated neighborhood revitalization strategies. Prior to joining OBLR, Aimee worked on projects that promote green and healthy buildings and sustainable development approaches within EPA Region V's Chicago office. She also worked with EPA's Federal Facilities Restoration and Reuse Office, where she coordinated EPA's land reuse and revitalization efforts on federally-owned properties, including military base redevelopment. Aimee holds Masters Degrees in City & Regional Planning and Business Administration.
Abraham Parker, Environmental Management Support, Inc. (abraham.parker@emsus.com or 301-589-5318)
Abe is an environmental scientist and communications specialist who specializes in developing fact sheets, web content, technical publications, and other outreach materials for diverse audiences. An ecologist by training, for the past 10 years he has been the technical lead for projects related to ecological revitalization, risk assessment, and land reuse. He also provides management and technical support to the OLEM Human Health Regional Risk Assessors Forum, the EPA Land Revitalization Coordinators Workgroup, and the Libby, Montana Superfund Site Action Plan Workgroup. Abe also is EMS's in-house Spanish translator for fact sheets, reports, and Web content. Abe holds Bachelors and Masters degrees from Cornell University.
Webinar Slides and References:
Webinar Slides and References:
Additional Resources:
- RE-Development Academy Workshop, EPA Region 7, June 7, 2018
- RE-Development Academy Workshop, EPA Region 3, June 28, 2018
- RE-Development Academy Workshop, Live Stream, June 28, 2018
- RE-Development Academy Workshop, EPA Region 9, July 18, 2018
- RE-Development Academy Workshop, EPA Headquarters, July 25, 2018
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Help & FAQs
Adobe Connect Resources
This seminar will be delivered through Adobe® Connect™ with streaming audio delivered through your computer speakers or headphones. We strongly encourage you to test your computer or mobile app prior to attending this seminar using the links below. Technical support on the day of the seminar will be very limited and subject to significant delays.
- Adobe® Connect™ Meeting Connection Diagnostic & Troubleshooting Tips
- Adobe® Connect™ Mobile Apps
- Adobe® Connect™ Visual Quick Start Guide (754KB/2pp/PDF)
Rehabilitation Act Notice for Reasonable Accommodation
It is EPA's policy to make reasonable accommodation to persons with disabilities wishing to participate in the agency's programs and activities, pursuant to the Rehabilitation Act of 1973, 29 U.S.C. 791. Any request for accommodation should be made to at or , preferably one week or more in advance of the seminar, so that EPA will have sufficient time to process the request. EPA would welcome specific recommendations from requestors specifying the nature or type of accommodation needed, such as closed captioning.
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