This program is built on the data and results that fuel commercial real estate investment strategies and execution. It is designed to clear out the noise and zero in on the fundamental drivers of US multifamily real estate value, both core and niche play, and then build a range of strategies responsive to market conditions and your capital expectations.

December 2: Setting the Market Baseline. We begin with a level-set on where US multifamily stands today, for both market-rate and affordable housing. The macroeconomic, demographic, and policy conditions covered in this session frame every deal examined in the sessions that follow. The full list of topics appears under Market Context below.

December 4: Claude Through Chat and the Connector. We explore how Claude, through chat and its connector, can fit into your investment workflow, working from publicly available data. Case studies in market-rate and affordable acquisition and development run through this session, and participants can suggest the markets they want examined.

December 7: Agents and External Data. We extend that work with agents that draw on external data sources. The case studies continue, and participants can again suggest markets of interest.

Market Context

The December 2 baseline avoids the hype and examines the reality of what’s been occurring. Topics include:

• Global and US macroeconomics and financial market conditions
• The drivers of wealth creation in any society, and the role of “place” in it
• Demographics: the aging of the population and the impact of domestic migration and immigration
• De-globalization and its implications
• The dynamics and measurement of regional, local, and neighborhood economies

Domestic migration, accelerated by COVID and the redefinition of where office work can be performed, has reshaped whole US regions and the metropolitan areas within them. Even housing markets once considered too small for non-local investors are emerging as the new frontier of investable markets.

We also examine the lasting implications of these changes in areas including:

• Inflation: The sources of inflation (money supply growth, federal deficits, and disruption of transportation, goods, labor, food, and energy markets), the Federal Reserve’s interest rate response, the interaction of short- and long-term rates in its eventual control, and the effect of all of it on real estate income and valuation.
• AI Data Center Buildout and Re-Industrialization-Related Federal Policy: We’ll examine the trajectory of recent federal policy and assess its impact on fostering re-industrialization in previously overlooked markets. Policies discussed will include the CHIPS Act, the Inflation Reduction Act, the Big Beautiful Bill, and more.
• Public Policy Responses to Housing Affordability: We’ll review the varied policy responses to housing affordability concerns, from embracing market-driven development to policies that enable rent control, and their impact on local markets.

The program also covers a range of investment strategies, including core, value-add, distress (and near-distress), and the development decision, along with when and how to pivot between them.

• AI Models: Explore how Claude, through chat and its connector, can reshape a multifamily investment workflow
• AI Agents: Understand how agents that draw on external data sources can extend market and deal analysis
• Demographic Shifts: Identify the demographic trends driving housing demand, including age, education, and job formation, and where to source the data
• Macroeconomic Conditions: Understand how inflation, Federal Reserve rate policy, and the cost of capital affect investment strategy
• Migration, De-Globalization, and Office Work: Examine how these shifts change which markets and property types gain value
• Affordability and Policy: Understand how affordability policy, from market-based approaches to rent control, and federal re-industrialization policy affect US multifamily investing

• Established US real estate investors seeking to use data and AI to make better investment decisions
• International real estate investors looking to apply US investment trends to their home markets or enter the US market
• Investors new to commercial real estate
• Service providers to real estate investors who want to understand the “real estate investor perspective”
• Design, engineering, construction, legal, permitting, financing, marketing, and property management professionals on real estate development teams

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