How will elevated inflation and rising interest rates impact the commercial real estate market? What are the different valuation techniques and how do appraisers determine which method to use? What are causes for concern, and what are the opportunities? Join our panel of commercial real estate experts for a discussion on the macroeconomic factors and industry trends impacting the New England market in 2023.
Prior to the start of the panel discussion, the Chapter will hold its Annual Meeting, to elect the 2024 Officers and Directors, and to review the financial health of the Chapter.
Panelists:
Nan Reap, Commercial Real Estate Appraiser
Nan has over a decade of experience as an Appraisal Officer in the Banking industry and is currently the Appraisal and Environmental Risk Director at Eastern Bank. In her role, she oversees a Team of Appraisal and Environmental Officers who undertake due diligence activities in support of the bank’s commercial real estate lending activity. She has been a licensed Commercial Real Estate Appraiser since 1994. Prior to her work in the banking industry, she was a field appraiser for 15 years in Massachusetts and Colorado. Nan is an active volunteer in her community and coached all three of her children in soccer. She is happy to say her youngest is graduating from college this month. Nan is a dedicated mentor to young people and their professional development in the commercial real estate and banking industries.
Shari Hayes, CRE Lender
Shari has spent her career in banking, with more than 20 years’ experience in commercial lending and 10 years in mortgage lending and retail banking roles. She is currently employed as a V.P., Commercial Lending Officer at Cape Cod Five Cents Savings Bank where she has worked for 13 years. Primary responsibilities in this role are serving as a relationship manager to a portfolio of borrowers across a wide spectrum of industries, originating new business with a focus on commercial real estate financing, and introducing bank products and services to borrowers. She has expertise in SBA lending and financing affordable housing.
Shari is graduate of Framingham State College (now University), and the Mass Bankers School of Commercial Lending. She is an active member of the community, presently serving as a board member for Habitat for Humanity of Cape Cod, Inc. and FAIR Project, Inc. She has served on the Loan Review Committee for South Eastern Economic Development (SEED) Corporation for 13 years, and is a member of the RMA Women’s Affinity Group. Shari resides in Yarmouth Port with her husband and enjoys spending time with her family, gardening and traveling when not at work.
Jenn Smith, Builder/Developer
Jennifer Smith has recently joined the ranks of the New Commonwealth Fund, an organization supporting non-profit agencies in the region.
Jenn has over a decade of experience in the field of Construction. Prior to joining NCF, Jenn worked with Vantage Builders as a Business Development Representative. In her role, she built relationships and created opportunities in the Corporate, Educational, Health Care , and Life Science Markets.
Jenn also serves on boards for PWC Boston and AGC MA’s BWiC Committee and is dedicated to addressing and improving equity in the construction industry and creating an inclusive and diverse pipeline for emerging young professionals.
Moderator:
Jessica McGarry, FVP/East Region Commercial Lending Team Lead with Country Bank
Jessica has over 20 years of experience in the banking industry. Beginning as a part-time teller, she worked her way through the branch system for several years, then spent 8 years in the commercial credit department, where she learned commercial lending from the ground up. She has been a commercial lender in the Worcester market for the past ten years, with the entirety of her career spent in a community bank setting.
McGarry earned her bachelor’s degree in business from Nichols College, was a recipient of the Forty Under 40 designation in 2014 from the Worcester Business Journal, and was a member of the Leadership Worcester class of 2015-16.
Jessica is also involved in giving back to the community, currently serving on the Board of the Worcester Regional Chamber of Commerce and the Worcester Business Development Corporation. Additionally, she remains very active in volunteer opportunities through various organizations, including Habitat for Humanity, Be Like Brit, and Community Harvest Project.
| Date: Time: Place: |
Wednesday, June 14, 2023 2:30 – 5:30 pm Fireside Grille 30 Bedford Street Middleborough, MA 02346 |
Cost:
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Chapter Supporters**: $30 Please note: RMA NE Chapter does not invoice for events. |
Chapter Supporters Click here to register and pay online.
RMA Members Click here to register and pay online.
Non-members Click here to register and pay online.
For more information contact:
Julie Conroy, RMA Administrator
Julie@rmanewengland.org