January 29, 2018
Ari Abramson Competes in Deal Pitch Session at NMHC Annual Meeting
Top Emerging Leader talent was further on display during the sixth annual “Young Guns Pitch to Senior Leaders” session, where three, under-40 Emerging Leaders presented their best investment deals to a mock investment committee of senior executives.
This year’s competitors included Ari Abramson of Continental Realty Corporation, Shawn Hansen with Greystar and Ben Stoll with Equity Residential. The investment committee judges were John Akin with Gables Residential, Katie Bloom with Goldman Sachs and Chris Lackett from PGIM Real Estate and last year’s Young Gun winner.
Abramson presented a 2016 vintage, six-story mid-rise Class A core investment opportunity in the heart of Raleigh, N.C. CRC purchased the 223-unit, The Edison Lofts at 72 percent occupancy on an off-market transaction for a $61 million purchase price or $273,543 per unit. In fact, the unsolicited letter of intent was signed at last year’s NMHC Annual Meeting.