June 20, 2016
Will You Be in Newport Beach on August 3?
National Multifamily Housing Council
NMHC’s Emerging Leaders are heading West! Join us on August 3 at the Newport Beach Country Club for our next Emerging Leaders Speaker Series.

Green Street Advisors' David Bragg will moderate the evening with founder, chairman and CEO of Avanath Capital Management Daryl Carter. Daryl, who is a former NMHC chairman, has a pretty interesting story and a great willingness to share what he’s learned along the way with the next generation. Check out this Ebony article about him and his company.

Don’t qualify? (meaning you are over 40?), send the up-and-comers in your company. It’s a great way for them to not only spend time with a senior executive in a small-scale setting, but also to start developing the professional networks they’ll need to move to the next level.

Register or learn more here.
Emerging Leaders Explore the Future of Real Estate Technology
Waterton’s Peter Kuzma (right) interviews Bob Gillespie, executive director of real estate tech accelerator Elmspring, during a Speakers Series event at tech incubator 1871 in Chicago.
Technology is radically “disrupting” one industry after another. Yet real estate has often been a laggard in technological innovation. But does it have to be? NMHC’s Emerging Leaders got a sneak peek at the future of real estate technology at a Speaker Series event last month in Chicago.

Held at Chicago’s 1871 Tech Incubator, Waterton's Peter Kuzma moderated a discussion with Bob Gillespie, the executive director of Elmspring, the only seed stage technology accelerator focused exclusively on the real estate sector.

Asked about our industry’s late adopter mentality, Gillespie explained, “You guys are trained to value assets and stable cash flow. Tech is completely the opposite. It’s asset low with unreliable cash flow.”

“You think, ‘Stop, we’re losing money,’ and I say ‘You’re hemorrhaging money? That’s awesome, let me give you some more.’”

“You can’t be risk averse when it comes to technology,” he said. “Real estate is slow to embrace tech because you have to be willing to invest in 20 companies and know eight are going to go out of business, you’ll get your money back from four of them, two will make you a small profit and then you’re hoping for one to be the next Airbnb or Grubhub.”

The group heard pitches from three upcoming real estate startups, two of which are focused on multifamily. Find out more about them here.

Thank you to our sponsor, 
Pictures from the event are available here.
 Have You Joined our Emerging Leader LinkedIn Group? 
Did you know the Emerging Leaders program has a LinkedIn group? It's a great way to stay informed about upcoming Emerging Leader events and to discuss industry trends with your industry colleagues.

If you aren’t already a member, sign up today.
The NMHC Emerging Leader PAC Challenge is On!
The unprecedented 2016 election has all eyes on Washington these days and serves as a reminder about how important it is to have lawmakers who understand our industry.

That’s where NMHC’s PAC comes in. Through the PAC funds we raise, we grow our unified voice and support the multifamily industry's champions on Capitol Hill.

We are focusing on Members of Congress who are joining in the debate on critical issues including; taxes, fair housing, housing finance reform, energy, the environment, employment and a host of others.

Our goal is to raise $1.5 million for this election year. Now for the challenge. The NMHC Emerging Leaders Committee wants to show that the Emerging Leaders are also invested in the future of the industry by matching or exceeding the percentage of Board members who contribute.

Right now, less than 5% of the Emerging Leaders have made a donation to the PAC. We’d like to get that to at least 60%. Donations don’t have to be large to make a difference, and to help us meet our goal and to make a statement to the NMHC leadership that we are behind them.

Help us by making a donation either by completing the attached form or making an online donation. If you have any questions, do not hesitate to contact Lisa Costello, NMHC’s Vice President of Political Affairs, at or (202) 974-2325.

Contributions to NMHC PAC are not deductible for federal income tax purposes. Contributions to NMHC PAC are voluntary. You may refuse to contribute without reprisal. Contributions to NMHC PAC will be used in connection with federal elections and are subject to the limitations and prohibitions of federal law. The proposed contribution amounts are merely suggestions; you may choose to contribute more or less or not at all. The maximum an individual may contribute is $5,000 per calendar year. Corporate and foreign national contributions are prohibited. Federal law requires political committees to use best efforts to obtain and report the name, mailing.
Mark Your Calendars
 Trammell Crow CEO, Ken Valach headlined the year's first Emerging Leaders Speaker Series Event.
We’ve had a great start to the year, with compelling events in Dallas and Chicago so far.
We've got several more to come!
How Your Emerging Leaders Can Get Involved
NMHC’s Emerging Leader program is open to anyone under 40, with five years of industry experience and employed by a member firm. Designed to both create new networking opportunities and engage the next generation of multifamily leaders within NMHC, there is no limit to the number of employees a member firm can sign up for the program.

We encourage you to have the promising leaders from your company:
National Multifamily Housing Council
National Multifamily Housing Council
National Multifamily Housing Council

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