March 19, 2022

Multifamily Experts: Daryl Carter of Avanath Capital Management, Doug Bibby of NMHC, David Schwartz of Waterton, and Sue Ansel of Gables Residential.

51 minutes

A special Walker Webcast comes your way as big powerhouses come to share a wealth of experience and industry insights combined in the National Multifamily Housing Council (NMHC) Conference! Join this conversation with friends, former chairpersons and incredibly successful entrepreneurs and leaders in the multifamily industry: > Doug Bibby, President of NMHC > Daryl J Carter Founder, Chairman, and CEO of Avanath Capital Management, LLC, a California-based investment firm that specializes in affordable and workforce communities > David Schwartz, CEO, Chairman, and Co-Founder of Waterton, a real estate investment and property management company specializing in multifamily, senior living, and hospitality > Susan Ansel, President and CEO of Gables Residential, a private REIT focused on development, acquisition, and management of multifamily communities Willy Walker engages these industry greats as they share their reflections on NMHC. As a national organization with more than 1,700 members that has been promoting and advocating for the multifamily industry since 2001. Doug Bibby shares that his sole cause in his successful run of the NMHC was putting people in homes. "That was always a motivator for me. We're putting a roof over people's heads, we're not polluting the environment, and we're not doing bad things. We're actually helping people achieve their dreams." Willie asks Doug to share how he took the rest of his executive team and turned Fannie Mae from being a huge liability to the taxpayers, becoming one of the truly great corporations in America. "We have reinvented what was essentially a government bureaucracy, with 20% of the employees who were civil servants, and there was one product line. It was a 30-year fixed-rate mortgage. There were no arms, no multifamily, no embassy. And we were able to reinvent everything." He brought his 16-year experience and excitement to his role at NMHC. Daryl Carter acknowledges the values that Doug had that were instrumental in positively shaping the industry, one in which to accommodate more institutional capital. Starting Waterton in 1995 shows a big difference in scale level and the types of funds they're raising with the whole process transforming materially. Sue Ansel attributes her involvement with NMHC as very helpful to her growth. As CEO of a major real estate corporation and chairwoman of NHMC, the experience of picking the brains of impactful executives in other large organizations affects her own leadership. "Those are some of the really unique opportunities that we get in these roles and a huge chance of a lifetime." David Schwartz enumerates the highlights of being NMHC chairman growing in servant leadership, emotional intelligence, authenticity, and trust. He covers how being underbuilt as an industry puts us behind for over a decade that we're just not building enough housing, resulting in this rent inflation. Daryl Carter is all praises for the culture that has been built at NMHC. There may have been "a lot of work, but also a lot of joy". One of the interesting things is the relationships between the people who work like brothers and sisters, serve in the industry and fight for the common goal of house affordability.

GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/

Listen to the replay!

If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions.

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more