A Real Estate Town Hall
J. David Chapman/March 14, 2024
Last week, I had the opportunity to present a Commercial Real Estate Update at the 2024 Real Estate Town Hall presented by the Oklahoma Mortgage Bankers Association (OMBA), OK Credit Union Real Estate Network (OK CUREN), Mortgage Bankers Association OKC (MBA OKC), Central Oklahoma Home Builders Association (COHBA), and MLSOK.
Wow, that’s an impressive group of industry associations getting their members and customers together for networking, education, and promoting best practices. The all-day event had a panel of title company executives including First American Title Division President Mary Ann Nelson-Sutterfield, a legislative update from Oklahoma Real Estate Commission Executive Director, Grant Cody, and an industry update from Oklahoma Home Builder Association EVP, Mike Means. Participating real estate professionals learned how to avoid the pitfalls that insurance claims can have on transactions from attorney Aaron Stiles, how to save on their taxes from CPA, Steven Wade, and how to manage their personal finances from Jake Robbins, Wealth Management Advisor.
For my Commercial Real Estate Update, I decided to do something a little different. I took the normal CoStar data, information, charts, and graphs that we follow and track on a monthly basis at our University of Central Oklahoma Real Estate Program and put together a narrative for both Tulsa and Oklahoma City in Retail, Multi-family, Industrial, and Office sectors. After developing my narrative for each sector, I decided to interview brokers and analysts in each sector in of our market to verify my narrative and assumptions.
A huge benefit was by gaining comments from retail expert Jim Parrack, Price Edwards, multifamily experts, David Dirkschneider and Ryan Chapman, CCIM, Capstone Companies, and industrial expert and UCO Alumni, Allan Meadors, Cushman Wakefield. I appreciate these industry experts for taking time out of their busy schedule to help me prepare the commercial real estate update for these title company employees, residential real estate professionals, home builders, bankers, mortgage-lenders, credit union professionals, and others in the industry.
I was honored to participate in the event and I want to thank those who put on the event, those that sponsored the event, and those that presented the valuable information to participants. Events like this help to break down the silos that develop in our industry, develop relationships, and facilitate communication in the real estate industry. Nice work!!
Dr. J. David Chapman is Professor of Finance & Real Estate at The University of Central Oklahoma (jchapman7@uco.edu)