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Join us on Monday, June 22 - Tuesday, June 23, 2020 as we present:
EBA Virtual Conference 2020
A series of interactive webinars covering topical EBA and industry information.
Current schedule (subject to change):
- Mid-Year Market Update: Tracking the Path to Re-Entry During COVID-19, presented by Dianne Crocker, Lightbox
- Monday, June 22 at 8:00am PDT/ 11:00am EDT
- As we near the end of 2Q2020, the global economy is showing signs of life, but the U.S. commercial real estate market will take longer to recover. Coronavirus restrictions are loosening in parts of the U.S. as employers begin preparing to reopen offices. Many investors are taking a wait-and-see attitude until the impact on property valuations emerges from the haze, and jobless claims are still historically high. There is no shortage of uncertainty on the timing and speed of the market’s recovery, and forecast scenarios are all over the dartboard. This track will shed light on how the path forward might look. Attendees will come away with a clearer sense of what types of property classes are viewed as lower-risk than others, the types of deals most likely to make headlines in 3Q2020 and the metros leading the pack as we move into the second half of the year.
- Secured Creditor Exemption Related to Foreclosures, presented by Larry Kirsch, Sidley Austin LLP
- Monday, June 22 at 9:00am PDT/ 12:00pm EDT
- All lenders rely on the Secured Creditor Exemption in CERCLA and its state counterparts to protect themselves against liability for cleaning up problems they did not cause. But do these exemptions protect financial institutions fully, especially following foreclosure? What are the pitfalls for which lenders need to be wary and how can lenders maximize their protection? Larry Kirsch will provide an in-depth discussion on how the exemption does and does not afford protection to a lender. Highlights of the presentation include: a) Statutory Overview – Secured Creditor Exemption as it pertains to CERCLA and RCRA; b) Timing can be Everything; c) State vs Federal Guidelines – the Devil is in the details; d) Non-hazardous waste removal can be EXPENSIVE and e) Case studies of when things go WRONG. Larry’s extensive experience and insight on this subject matter will provide you timely and beneficial information to help you better understand the limitations of the Secured Creditor Exemption.
- A Deeper Dive into the Lender and Affiliate Poll Results, presented by Kelly Stratton, Quire; Sean Leary, Vieau Associates; Andrew Owens, Advantage Environmental Consultants; Matt Rodda, EFI Global; Jay Bowden, US Bank; and Rita Wiggin, First Bank
- Monday, June 22 at 12:00pm PDT/ 3:00pm EDT
- This interactive session examines select questions posed by the EBA Affiliate membership during the "Lenders Only Meetings" held at the Phoenix and Philadelphia EBA Conferences. With a panel comprised of both Affiliates and Lenders, we'll discuss which Lenders' answers surprised Affiliates the most and take a deeper dive into the expectations, relationships, and market pressures both groups face in the due diligence market.
- Environmental Due Diligence Reengineered – Yesterday, Today and Tomorrow, presented by Carol Le Noury, ERIS; Scott Davis, GeoSearch; and Alan Agadoni, LightBox
- Tuesday, June 23 at 8:00am PDT/ 11:00am EDT
- Data vendors for Environmental Due Diligence - ERIS, Lightbox and Geo-Search have jointly surveyed their environmental professional clients to discuss how business practices have altered due to the Covid-19 Pandemic. The questions address staffing/office strategies, changes to the Phase I ESA practice and thoughts on market activity and the forecast. Results will be presented by the leaders of the vendor companies with opportunity for interactive Q & A.
- Infection Prevention Strategies for Returning Commercial Buildings to Service, presented by Phillip C. Fincher, CIH, CSP; and Josh Dunbar, The EI Group, Inc
- Tuesday, June 23 at 8:30am PDT/ 11:30am EDT
- This session will provide updates on the most current best practices for returning employees to work and returning properties to service in the aftermath of COVID-19. The pandemic has heightened the general public’s awareness of infection prevention, infection control, and personal protective equipment (PPE). These concepts have historically been used in our healthcare systems with limited application to public and commercial buildings. The application of these principals to the general public without proper training may result in improper use of disinfectants, indoor air quality complaints, property damage and a false sense of security when returning to work. We will explore and discuss several of the key challenges building owners, property managers and real estate professionals will face as we continue to re-open the US economy.
- Pandemics and Real Estate Valuation, presented by Randall Bell, PhD, MAI, Landmark Research Group LLC
- Tuesday, June 23 at 9:00am PDT/ 12:00pm EDT
- COVID-19 has ushered in several unprecedented challenges, including how pandemics impact the real estate markets. This presentation will address both the established real estate damage valuation methodologies, as well as the new challenges of pandemics as an “emerging contaminant.” Until now, property damage has been limited to a specific property or a region damaged by a hurricane or other disaster. COVID, on the other hand, has affected the international community and global real estate. So profound, real estate will be viewed in “pre-COVID” and “post-COVID” timeframes for the foreseeable future. This presentation will address the emerging COVID surveys, literature, market data, capitalization rates, and case studies. We will also discuss how COVID impacts various property types in distinct ways. Combined, this will provide some stability as we navigate this unprecedented path.
- Open Forum - EBA Business Meeting
- Tuesday, June 23 at 12:00pm PDT/ 3:00pm EDT
This is free for all EBA members!
About the presenters:
Dianne Crocker is the Principal Analyst at LightBox, a leading technology provider of due diligence, risk management, location intelligence and workflow solutions to consultants, lenders, appraisers, brokers and other stakeholders in CRE transactions. She is a highly respected expert on commercial real estate market trends and forecasting; property due diligence and risk management; and technology trends. With more than 20 years’ experience in the commercial real estate industry, she has analyzed the market through three cyclical downturns. Dianne is a prolific speaker and thought leader, regularly speaking at leading industry conferences, webinars and LightBox’s own events. In 2015, Dianne created the annual PRISM awards, a one-of-a-kind award program to shine a light on the creativity, innovation, influence, leadership and achievement of excellence in the property due diligence and commercial real estate lending industries. In 2019, she channeled her passion for mentoring into the creation of the LightBox Developing Leaders program, now in its second year of providing education and mentor connections to the next generation of leaders in commercial real estate risk management. She is a passionate member of Boston CREW and a 2020 member of CREW Network’s membership education committee.
Laurence S. Kirsch is a partner in the Environmental Practice at Sidley Austin LLP, in Washington, D.C. He brings his combined background in science and the law to his practice as an environmental litigator, counselor and transactional attorney. While he has litigated and counseled clients on virtually all of the environmental statutes, his practice emphasizes contaminated sites including complex sediment sites and vapor intrusion, advising financial institutions on avoiding and minimizing environmental liabilities, and addressing environmental issues in bankruptcy proceedings. Among Larry’s litigation victories are three decisions from the D.C. Circuit overturning the listings of two sites on the EPA Superfund National Priorities List, and a defense judgment in an $80 million federal CERCLA cost recovery case. Larry graduated from Harvard Law School, where he served as Managing Editor of the Harvard Environmental Law Review. He has a Master of Science from the School of Public and Urban Policy of the University of Pennsylvania, and a Bachelor of Applied Science, summa cum laude, Phi Beta Kappa, from the College of Engineering and Applied Science of the University of Pennsylvania. He was elected to the Environmental Leadership Council of the Environmental Law Institute, has been named a “Trailblazer in Environmental Law” by the National Law Journal, and is listed in Chambers, Superlawyers, and Best Lawyers in America.
Kelly Stratton is the CEO and Founder of Quire, a cloud-based software application used for technical report writing. Prior to founding Quire, Kelly spent seven years in the environmental consulting industry specializing in environmental due diligence, regulatory compliance, and commercial/industrial redevelopment projects. She followed that term with seven years as Vice President of Sales and Marketing of an environmental data company, managing sales, new product initiatives, and a national company-wide rebranding effort. As CEO of Quire, Kelly directs strategic and business development initiatives to advance Quire as an industry leader in collaborative, report writing technology. Kelly has a Bachelor's Degree in Civil & Environmental Engineering, with a Minor in Speech Communications from Penn State University and currently resides on the EBA Board as an Affiliate Member representative.
Scott Davis is a Principal and Founder of GeoSearch, a leading provider of environmental due diligence information to help assess and manage environmental risk for commercial real estate transactions. Scott is responsible for the development and implementation of GeoSearch’s strategies, services, and operations. With more than 25 years’ experience in the environmental industry, he has managed GeoSearch through multiple downturns and expanded the company to become a nationwide provider. Prior to GeoSearch, Scott was involved as a project manager for a variety of environmental projects including Phase I and Phase II Environmental Site Assessments, Feasibility Studies, Wetland Determination and Delineations, Risk Assessments, Litigation Support, Regulatory Site Closures, and Third-Party Consultant Reviews. Additionally, he is a board member for several environmental associations and Municipal Utility Districts. Scott has a Master’s degree in Geography with an emphasis on Physical and Environmental Management from Texas State University.
Carol Le Noury
Ms. Le Noury is President of Environmental Risk Information Services (ERIS). Since 2005, she has devised, determined and directed ERIS’ strategic vision through its day-to-day operations. Ms. Le Noury led and substantially grew ERIS revenue and profits, winning the Glacier Media President’s Award and Business Builder Awards multiple times. In 2013, Ms. Le Noury led the successful launch of ERIS in the United States and has been President of both the Canadian and US entities since January 2016. Prior to 2013, Ms. Le Noury also started and expanded the Environment and Events Group, managed Haz-Mat Management magazine and Solid Waste and Recycling magazines as well as Ecolog Legislative Publications while at Glacier Media’s ‘Business Information Group’. Her current role includes leading and directing sales, overseeing systems and data improvements, product development and management of the marketing and accounting efforts for all businesses. Prior to joining ERIS in 2005, Ms. Le Noury was a senior leader in the Trade and Consumer Exhibition industry, as Executive Vice President at dmg world media, National Manager at the National Marine Manufacturers Association, and Vice President at Canadian National Sportsmen’s Shows spanning a 20-year career.
Mr. Agadoni is responsible for leading all aspects of LightBox's Consulting and Engineering segment including product strategy, client engagement and strategic partnerships. He is a speaker and author on a broad range of environmental, health and safety issues such as site assessments and audits, regulatory compliance, radon, asbestos, mold and lead in drinking water. He also serves on the Board of Directors for the southeast chapter of the Real Estate Investment Advisory Council (REIAC) and he regularly directs public course offerings of the Environmental Institute in Atlanta, Georgia. He is a graduate of California State University, Fullerton, and is a Certified Environmental Auditor and Registered Environmental Property Assessor.
Phillip C. Fincher, CIH, CSP
Mr. Fincher is the Senior Vice President of Operations for The EI Group, Inc. (EI) where he leads the Industrial Hygiene, Occupational Health, Safety and Compliance Divisions for Operations in Virginia, North Carolina, South Carolina, and Kentucky. He is a Certified Industrial Hygienist (CIH) and Certified Safety Professional (CSP) with more than 20 years of professional experience. His professional experience involves all facets of occupational safety, occupational health, and industrial hygiene. Specific areas of competence include industrial hygiene, biological and chemical safety, indoor air quality, and risk management. Mr. Fincher previously served as Co-Director of Environmental, Health and Safety Services (EHSS) at Virginia Tech and Manager of the Occupational Health and Industrial Hygiene Division. Mr. Fincher is an active member of the National American Industrial Hygiene Association (AIHA), American Society of Safety Professionals (ASSP) and served as a Board Member for the Virginia Department of Professional and Occupational Regulation (DPOR) from 2009-2017.
Mr. Dunbar is the Vice President of Engineering & Environmental Services at The EI Group, Inc. (EI). He is a licensed Professional Engineer with more than 20 years of professional experience. Mr. Dunbar is an experienced engineering consultant that has managed a variety of engineering projects and has provided technical oversight for multi-disciplined engineering teams. He serves as the corporate practice leader for engineering services at EI with responsibility throughout their entire geographic territory. The practice area serves the industrial, utility, commercial development and banking sectors with expertise in comprehensive building & industrial system evaluations, Property Condition Assessments, Phase I ESAs, Owner’s Representation, Design Team Development / Management, and Construction oversight. Mr. Dunbar has served on various Boards, which include serving as Chair of various technical committees, within organizations such as the American Council of Engineering Companies of North Carolina (ACEC NC), Professional Engineers of North Carolina (PENC), and Air & Waste Management Association (A&WMA). He also continues to serve his local community through his involvement with the Holly Springs Chamber of Commerce and the Holly Springs Rotary Club, where he has served as Chair for both organizations.
Randall Bell, PhD, MAI
Randall Bell, PhD, MAI, is the author of Real Estate Damages, 3rd Edition, which is published by the Appraisal Institute. He specializes in damage economics and valuation, including environmental, geotechnical, construction defects, natural disasters and eminent domain issues. He has testified as an expert in multiple courts. Dr. Bell founded the Landmark Research Group, LLC and led the real estate damages practice at PricewaterhouseCoopers. Bell consulted on the World Trade Center; the Flight 93 crash site; Hurricane Katrina; the BP oil spill; the Bikini Atoll nuclear test sites; the Sargent Yokoi cave in Guam; the San Bruno pipeline explosion; the Anniston, Alabama spill; the Heaven’s Gate mansion; the Canadian Government UXO site; the O. J. Simpson crime scene; and many others. His career has been profiled widely, ranging from The Wall Street Journal to People magazine, Rolling Stone and every major television network.
The webinars will be hosted by the EBA.
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