Commercial Schedule & Sessions
Day 2 | Commercial Track
Thursday, September 26 | 8:00am – 5:00pm ET
Registration deadline is on September 25th
CE Credit: NC Appraisal Board Approved for 7 Hours
8:10 AM Federal Reserve Update
Brian Bailey, Federal Reserve of Atlanta
The commercial real estate (CRE) industry continues to be impacted by the changing rate environment, which has created issues with asset valuations. This session will address some of the conditions that are impacting the industry and explore the challenges moving forward.
9:00 AM Micro and Macro CRE Markets for Retail & Industrial
Chuck McShane, CoStar
Learn insights into the state of the market for North Carolina including sales, rents, demand, absorption, vacancy, financing, and trends. This session highlights micro and macro trends in the retail and industrial sectors of the valuation industry and will teach attendees how the economy is impacting these assets.
10:00 AM Artificial Intelligence in Commercial Real Estate
Jim Amorin, CAE, MAI, SRA, AI-GRS, CDEI, ASA
Mr. Amorin will present an overview of artificial intelligence, explaining what it is, and the recent advancements made, particularly in machine learning and natural language processing. I will discuss how AI systems like ChatGPT and other large language models work. Next, specific AI applications and use cases relevant to the real estate appraisal field will be shown and demonstrated. An important section will focus on the ethical considerations around deploying AI in this industry, covering topics like avoiding bias in data and models, privacy concerns, transparency about using AI, and the need for human oversight particularly for high-stakes decisions like appraisals. Additionally, there will be time for an open Q&A where appraisers can ask about specific applications they're interested in or voice any concerns they have about rapidly advancing AI capabilities in their field.
11:10 AM Agricultural
Mark Bradley, First Citizens Bank
Mr. Brandley will present an overview of the agricultural industry in North Carolina and the United States. It covers the current state of agriculture, key challenges facing farmers, and the diverse types of agricultural operations in North Carolina. The discussion extends to farmers' specific banking and lending needs, typical bank policies for agribusiness lending, and the critical role of agricultural real estate appraisals. By providing insights into these interconnected aspects, the presentation aims to equip appraisers with valuable knowledge to better understand and serve the agricultural sector in their professional capacity.
12:55 PM Economy
Jackie Benson, Wells Fargo
Real estate fundamentals are highly responsive to changes in the economy. This presentation will walk attendees through the outlook for economic growth, interest rates, inflation, and the labor market. It will also highlight regional trends specific to North Carolina that underpin the state’s real estate market.
1:50 PM Macro Office Market
Ryan Clutter, JLL
The presentation will provide a comprehensive understanding of the macro trends shaping the office market. Attendees will gain insights to navigate this evolving landscape and learn statewide and regional trends, leasing, and sales activity, supply/demand, concessions, vacancy, tenant improvement allowances, cap rates (going in and going out), and investor motives.
2:45 PM Multi-Family Market
Nick Leverett, CoStar
This session will provide an update on North Carolina’s multifamily market. He will discuss multifamily supply, demand, vacancy, rent trends, and capital markets within the state and its major markets. The presentation will include historical data as well as forecasts and will also include a brief discussion of the state’s economy.
3:40 PM Cost Approach, Marshall and Swift Valuation
Edward Martinez, CoreLogic
This session will teach attendees how to utilize the Marshall and Swift Commercial Cost methodology best. Attendees will better understand how to maximize their knowledge and use of Marshall and Swift for valuing property types within the commercial cost handbook to provide accurate and reliable valuations.
