Understanding the potential upside and downside of a real estate deal can be the difference between profit and peril. One of the ways that investors do this is through the use of financial modeling which estimates and analyzes the potential financial impact of various scenarios on a property, or portfolio of properties. Modeling can help assess the potential loss of income, capital, and other assets that could result from market downturns, property deterioration, or other events. Financial modeling can also help identify potential solutions, such as property acquisitions or refinancing, that may mitigate possible losses.
Unfortunately, financial modeling is largely based on assumptions. And one of the harder assumptions to make for any financial model is risk. Risk can be described in terms of Probability and Impact. Probability refers to the likelihood that a particular event will occur, while Impact refers to the potential financial consequences of that event occurring. While there is no perfect mathematical formula that can quantify financial risk in real estate, there are plenty of ways to improve upon our current methodologies.
Join us for this free webinar where we will explore ways that technology and advanced analytics can help improve our understanding of risk when it comes to real estate valuation. Industry veterans Josh Panknin of NYU and John Rodgers, Chief Innovation Officer at CoreLogic, along with Propmodo Editor Franco Faraudo will explore how increased access to data and innovative new approaches to financial modeling are changing how we assess risk and improve outcomes.
Josh’s mission is to fundamentally transform the real estate industry through the development and implementation of advanced technologies. By combining the immense technology resources of Columbia University with the sophistication of some of the world’s leading real estate firms, Josh and his team are taking on some of the foundational problems with broad applications across the industry. In the spirit of some of the most innovative organizations in the world, Josh strives to bring together concepts of systems thinking, deep industry knowledge, thought leadership, technology adaptation from other industries, and new technology development specifically for the built environment. With a more holistic view of the industry, a more foundational understanding of challenges and opportunities, and the resources to execute, Josh is working to bring significant improvement through technology to the real estate industry that will have deep benefits to both the business and social worlds .
John Rogers holds the role of Chief Innovation Officer for CoreLogic and is responsible for the R&D. From
driving new solutions that understand the impacts to the real estate economy due to climate change, to
ground-breaking models that identify suitable land for affordable housing development, the R&D group
tackles major housing issues and works with many clients across the housing industry to drive growth
and mitigate risk on their book of business.
Prior to joining CoreLogic, John was a Partner with IBM Global Business Services where he focused on
the delivery of large multi-million transformational programs for the financial sector both in the United
Kingdom and Australia. Prior to this, John worked as a consultant for Itim Consulting, a boutique
management firm based in London. John’s primary role was as a program manager on a number of
assignments delivering global solutions within retail, pharmaceuticals, logistics and information services
John earned a bachelor’s degree from University of Glasgow, United Kingdom in Aerospace Engineering.
Franco has an MBA in entrepreneurship and has worked with companies on their branding and content strategy. He has worked in real estate as an agent, manager, and investor. He writes about the intersection between the physical and digital world and is a co-founder of Propmodo.
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