KC CCIM Business Journal Insert - Appraisal Institute Kansas City
Transcription
KC CCIM Business Journal Insert - Appraisal Institute Kansas City
CERTIFIED COMMERCIAL INVESTMENT MEMBER KANSAS CITY’S REAL ESTATE DEALMAKERS AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL APRIL 24, 2015 2 AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL KANSAS CITY'S HOTTEST NEW DEVELOPMENT K estate organizations in the region. This insert contains information from our members insights into commercial activity of the metro area at our February Sheryl Vickers Horting, CCIM commercial real estate you insight into current 2012, 2013 and 2014 CoStar Power Broker Recipient Senior Vice President 913-338-3800 Sheryl@merrillcompanies.com The CCIM estate professionals PRESIDENT VICE PRESIDENT/SPONSORSHIP Evergreen Real Estate Services 7021 Johnson Dr. Mission, KS 66202 Pat@KCEvergreen.com 913-951-8402 Lee & Associates Kansas City 5400 College Blvd. Leawood, KS 66211 jengland@lee-associates.com 913-890-2002 Throughout estate market. percent of commercial real estate practitioners CCIM Kansas City CCIM Home Run Deal opportunities opening in 2017!! Call or text 816-916-8400. 3 Commercial Investment Member (CCIM) is again City Business Journal to publish our annual CCIM Real Estate Report. PRAIRIEFIRE APRIL 24, 2015 PAT MURFEY, CCIM Vice President Evergreen Real Estate Services must complete a minimum transaction classroom instruction MBA of the commercial real estate profession. When you hire TREASURER/SECRETARY PUBLIC RELATIONS Copaken Brooks Town Pavilion 1100 Walnut, Suite 200 Kansas City, MO 64106 bearly@copaken-brooks.com 816-701-5063 Block Real Estate Services, LLC 700 W 47th St., Suite 200 Kansas City, MO 64112 bjohnson@blockllc.com 816-412-8442 PROGRAMS CANDIDATE GUIDANCE Colliers International 4520 Main St., Suite 1000 Kansas City, MO 64111 anita.bates@colliers.com 816-556-1123 Grandbridge Real Estate Capital, LLC 2001 Shawnee Mission Pkwy. Mission Hills, KS 66205 fsciara@grandbridge.com 913-748-4453 program. partners for their contribution to the excellence of our chapter. Those national CCIM Institute treasurer, full list of our sponsors. accomplishment in his real estate career. The success of our Chapter is Since its establishment in 1977, EDUCATION TECHNOLOGY Lee & Associates Kansas City 5400 College Blvd. Leawood, KS 66211 rpearson@lee-associates.com 913-890-2015 Highlands Development Group 5775 NW 64th Terrace, Kansas City, MO 64151 chris@highlandskc.com 913-205-7747 SPECIAL PROGRAMS MEMBERSHIP UMB Bank 1 Victory Dr. Liberty, MO 64068 Stephanie.harris@umb.com 816-792-6710 CBRE, Inc. 4520 Main St., Suite 600 Kansas City, MO 64111 joseph.orscheln@cbre.com 816-968-5861 PAST PRESIDENT EXECUTIVE DIRECTOR DTZ 2600 Grand, Suite 1000 Kansas City, MO 64108 gib.kerr@dtz.com Direct: 816.412.0212 Cell: 816.507.3494 KC CCIM P.O. Box 9582 Kansas City, MO 64133 rosannes@sbcglobal.net 816-358-2089 architects, engineers, appraisers, representatives, environmental commercial real estate professionals. her ongoing service in making our chapter run smoothly. host monthly breakfast meetings at Mission Hills Country Club. real estate professionals gather for events or breakfast meetings, so put local community. Pat Murfey, CCIM, is vice president of Evergreen Real Estate Services, based in Kansas City. Pat received his CCIM designation in 2006 and has served on the board of directors since 2009. He focuses on the sale and leasing of industrial properties and can be reached at 913-951-8402 or Pat@KCEvergreen.com. 4 AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL Changing Kansas City’s landscape, one project at a time. Local enterprise, global reach. APRIL 24, 2015 5 INVESTMENT MARKET TRENDS CORPORATE REAL ESTATE For further information, please contact: M is not real estate (such as Sprint, John Snyder Managing Partner, Kansas City 4520 Main Street, Suite 1100 Kansas City, MO 64111 T +1 816 460 2400 john.snyder@dentons.com dentons.com users are the source of cash for the to bask in the glory of great the state of the commercial real estate the enterprise is a global locations, the role of the internal real estate manager is changing. Because of this, companies expect real The combination of © 2015 Dentons. Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. This publication is not designed to provide legal or other advice and you should not take, or refrain from taking, action based on its content. Please see dentons.com for Legal Notices. volatile global business environment last six months, pushing strategy. levels. It is clear that the art of real estate Because real estate managers are typically generalists, most commercial real estate managers have a strong to enhance the commercial real estate manager’s impact on strategy through better Super nucleus decision-making as it becomes more collaboration skills strategic initiatives. If real estate managers can learn to apply measurement controls portfolio management, How did this happen? Several factors price for all real estate assets. While most sellers still appear to be selling primarily because of life LARRY GOLDMAN, CCIM Investment Properties RE/MAX Commercial to sell to capitalize on the current seen a number of large institutionally initiatives for their companies. Information Session for Fall 2016 Bloch Heritage Hall, Mag Conference Rm 5:30-7:00pm, Wednesday April 29, 2015 Meet the Faculty MERE delivers: Master of Entrepreneurial Real Estate (MERE) Solid fundamentals Real estate can be a challenging and rewarding career. The industry has become more complex and requires specialized training. Strong analytics State-of-the-art tools Our MERE is the only graduate real estate program in our region! Experiential learning • We provide students with essential knowledge and skills • Our graduates hit the ground running • Our students will be the next generation of leaders Critical thinking skills Real estate is a unique, interdisciplinary field Interdisciplinarity • Our students develop critical thinking & collaborative skills • Our students work on real projects and experiential learning • Our interdisicplinary program can be customized Entrepreneurial spirit Flexible Options: Full or part-time Customizable program Scholarships Available! Fall 2016 Admissions their contribution to strategy. • Our students come from various disciplines • They range from recent grads to pros wanting to jump ahead Join us for our next information session! ~ Limited seating available ~ RSVP to: Whitecenter@umkc.edu Walk-ins welcome (816) 235-5188 | whitecenter@umkc.edu | www. umkc.edu/whitecenter commercial real estate manager can of commercial real estate managers better serve their corporate manager clients as their roles change. With resources for their corporate clients. Bill Early leads the tenant and corporate services group at Copaken Brooks and has spent 17 years helping corporate real estate end users make faster, better real estate decisions in Kansas City and abroad. Bill can be reached at bearly@copaken-brooks.com. their given specialties is invaluable, hospitality or self storage. Reliance on property specialists is key to investors’ thinks because of the country’s The change in U.S. demographics. The overall aging of Baby Boomers history. So they are not as aggressively living in the moment. The availability of quality information. As investors seek Your CCIM Connection to Warrensburg Commercial Real Estate Investments Commercial Real Estate Services • Owners • Developers • Operators • Brokerage • Consulting • Counseling Jeff Franklin, CCIM Jerry W. Franklin, CCIM jeff@jwfranklin.com jerry@jwfranklin.com easier than any other platform. broker or appraiser, you are in the relationship business. There are no relationships than CCIM, locally, regionally or on a global scale. they are not starting families at a rate the lifestyle changes that occur for J.W. FRANKLIN CO. is the leading commercial real estate provider in Johnson County, Missouri. Take advantage of their extensive knowledge and experience about properties and real estate investment opportunities in Warrensburg and the surrounding areas. Student profile: diverse backgrounds, shared goals a simple phone call to local CCIMs is the Millennial Generation or Generation Y. There are approximately Championing strategies become even more critical as the Since Aug. 2007 Peak such as CCIM’s Quarterly Market math is simple; if the banks take less, compliance. They must measure performance goals. Furthermore, a true single point of contact across Last 12 Months relation to the income availability of quality information. Serving a vital role mechanize tactical functions, such as transaction management, portfolio enterprise creates a competitive Sept. 2014 the highest value for investment properties management, incentive compliance sustainability, enterprise alignment 1% 0 The low cost of capital. It is clear paying historically high prices. Remember, it’s real estate, information technology all business units. This is much like 8% Source: Green Street Advisors Commercial Property Price Index clearly taking notice of the current LEWIS WHITE REAL ESTATE CENTER 12% 8% property. buyers to achieve very not the ability to pay BILL EARLY, SIOR, CCIM, SLCR Senior Vice President, Tenant and Corporate Services Copaken Brooks is attributable to the According to Green Street Advisors, the commercial property price index (CPPI) increased by 1 percent in September 2014 and is up 12 percent since the August 2007 peak. We’ve got Larry Goldman, CCIM, RE/MAX Commercial, has specialized in the brokerage of self-storage properties with the Argus Self Storage Sales Network for over 16 years. In 2014, he sold over $26 million of storage president of the Kansas City chapter of CCIM in 2002 and the Region V vice president for the CCIM Institute in 2007. He can be reached at lgoldman@ccim.net or 913-707-9030. Answers to your Real Estate Questions. Jon England Our brokers hold advanced industry designations such as CCIM, SIOR & SEC, making them recognized experts in the Kansas City real estate industry. It’s a complex world out there. Let our expertise work for you. CCIM, SEC Nathan Anderson CCIM, SIOR Phone: 660.747.9854 J.W. FRANKLIN CO. Commercial Real Estate SINCE 1977 www.lee-associates.com | 913.890.2000 | 5400 College Blvd, Overland Park, KS Russell Pearson CCIM 6 AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL investors. APRIL 24, 2015 Mac Capital Markets Execution the past several months. We thought 1 percent of the prepayment cost, 7 opportunities. There are a variety of option, as long as the sponsor is requirements. In each case, as brokers, Sure, there is plenty of capital out like bees to honey. So if it’s so easy to than a bank or life insurance loan, array of property types including multifamily (both market-rate and industrial, retail, seniors housing, and hospitality. He can be reached at 913-685-9200 or thomas.cohen@ marcusmillichap.com. John J. Schorgl, CCIM, joined the amortization. THOMAS M. COHEN Senior Director Marcus & Millichap Capital Corp. JOHN J. SCHORGL, CCIM Senior Director Marcus & Millichap Capital Corp. Well, if your broker is CCIM options. successful closing. Millichap Capital Corp. in January 2015 as a senior director. He has price plus capital improvements of closing costs or for several years, but interest rates experience and is responsible for securing commercial debt and equity Yes, there is plenty of capital, At Marcus & Millichap Capital than one solution. Be sure to have a to pay a prepayment penalty for that. Many sponsors of the requirement for sponsors to value. Thomas M. Cohen is senior director of Marcus & Millichap Capital Corp. He is responsible for securing Block Real Estate Services, LLC Presents its CCIMs and industrial, retail, mini-storage, seniors housing and hospitality. He can be reached at john.schorgl@ marcusmillichap.com or 913-685-9210. Your Needs. Our Solutions. The Most Comprehensive Report on the Kansas City Commercial Real Estate Market! Follow us: 700 W. 47th Street, Suite 200 | Kansas City, MO 64112 | 816.756.1400 | www.BLOCKLLC.com T he commercial real estate example of the pro forma statement Example: retail building sq. ft.: 50,000 expense assumptions (see table). for business. The competition loan) equity. of return to see if the investment seriously getting back in commercial CHARLES C. CONNELY, IV, CCIM, CFP, CPM Managing Director EPR Financial Services times our loan test. Charles C. Connely, IV, CCIM, CFP®, CPM® is the managing director of EPR Financial Services. He is an associate teaching professor at the UMKC Henry W. Bloch School of Management and is treasurer and a board member of the CCIM Institute. Work the numbers At a national level, the real estate capital markets have recent increase in commercial transactions levels. This expectations of many players assuming one payment per year for a square foot. The next step is to put together versus the original assumption of Per Sq. Ft. Origianl Assumption Restated to Meet the Debt Service Coverage Gross Potential Income 13.75 $687,500 $687,500 - Loss-to-Lease (0.50) (25,000) (25,000) - Vacancy & Collection Loss (0.10) (5,000) (5,000) = Net Revenue 13.15 657,500 657,500 + Miscellaneous Income 1.00 50,000 50,000 + Expense Reimbursements 0.69 34,500 34,500 14.84 742,000 742,000 - Operating Expenses (8.00) (400,000) (400,000) - Insurance (0.13) (6,500) (6,500) - Taxes (1.00) (50,000) (50,000) = Net Operating Income 5.71 285,500 285,500 - Annual Debt Service (232,724) (203,929) = Before Tax Cash Flow $52,776 $81,571 Debt Service Coverage 1.23 1.40 8 AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL APRIL 24, 2015 9 FIGURE 1 M ultifamily continues to be FIGURE 2 so great some have given them the properties to support the physical, of the metro, you engagement. They are choosing renovations of existing multifamily properties. multigenerational. Its area multifamily units into apartments close to community attractions important to them. professional Millennial or in the process of Baby Boomers. ELLEN TODD, CCIM President Curry Real Estate Services thriving communities. more are becoming the norm. percent of Millennials are more likely to continues as more Boomers leave the institutional capital has hit the out of their parents’ homes. These areas are struggling for various capitalize on this market giving you the Ellen Todd, CPM®, CCIM, is president occupancy rates throughout the fate. Millennials have less interest GOOD TIMES FOR COMMERCIAL REAL ESTATE to remain relevant in the marketplace. online, incentives may become more Real Estate Services, one of the top 10 commercial real estate businesses serving the Kansas City area. Curry manages, leases, sells and provides consulting services for multifamily and commercial properties. throughout several areas of the situations, or opportunities, that real estate market. markets experience these aggressive prices those scenarios remain, sellers. Many of these never seen a better time for commercial real estate. appropriately assess commercial real a local CCIM professional to make C. Sterling Scott, CCIM, serves as managing director for Sperry Van Ness Encompass Commercial Realtors in Kansas City, Missouri, and can be reached at 816-436-4600. Sterling is licensed in Missouri, Kansas and Iowa and has 25 years of industry experience. He has represented numerous global private equity groups, lending institutions, private investors and bankruptcy courts in receivership, disposition and leasing capacities multifamily and golf course properties. to exchange into the Real estate has in the primary markets, by timing the market A your market or area of expertise. Greater employment is the catalyst concessions, increase our clients. During any given point in time, tenants are opting to pay out of pocket market peaks. Trying The tenant’s focus is shifting slightly from its pocketbook to creating an employees. the market peaks is focus areas, collaborative seating areas to be placing greater importance on of term. market increases the competition among employers for star As a specialist in the that businesses have to recruit talent is their vibrant commercial real estate length of lease terms in exchange for the amount of square footage that they MARK G. TALLEY, CCIM Leasing Stoltz Management Company Employee recruitment also contributes to appetites for lengthier lease terms it’s becoming less common for the an amazing run. Commercial real estate C. STERLING SCOTT, CCIM Managing Director Sperry Van Ness Encompass Commercial Realtors employee satisfaction. market, the single most important contributing factor to market institutional investors are also starting to look tertiary markets. This is an opportune time for property selling commercial real estate. Washington article about the economy. But if you really analyze the true merits of the those markets to sell at attractive returns. estate expenses, but at a cost. Higher corporate balance sheets are much mean. not to assume that all properties Mark G. Talley, leasing with Stoltz Management Company. He is responsible for leasing the Corporate Kansas, and can be reached at 913-4514466 or via email at mtalley@stoltzusa.com. NEED THE LATEST REAL ESTATE NEWS? market. As a result, prices are rising commercial real estate. metropolitan market affect all properties in that area. Some of WE HAVE YOU COVERED. Q online, everyday at bizjournals.com/kansascity 10 AN ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL APRIL 24, 2015 11 Designated members of the Appraisal Institute are recognized throughout the real estate industry as the premier source of valuation expertise. The extensive experience, education and professional integrity represented by the designation have come to be the standard for all seeking knowledgeable and well informed valuation assignments. Here are your local and trusted designated members of the Appraisal Institute. Appraisal Institute Active Designees, Kansas City Chapter Adamson & Associates, Inc. Henry Adamson, MAI Douglas Defoor, MAI, AI-GRS Rebecca Arthur, MAI MetLife Agricultural Investments DIRECTOR Novogradac & Company LLP Ronald Aul, MAI Aul Appraisals, L.C. David Barnes, SRA David Barnes Appraisal Service Scott Belke, MAI Belke Appraisal & Consulting Services Kenneth Bell, SRA Bliss Associates, LLC Jason Bitter, MAI Valuation & Advisory Mark Boettcher, MAI, SRA Matthew Bowersox, SRA Bliss Associates, LLC Peter Burgess, MAI Burgess-Johnson And Associates John Byram, MAI, SREA Bill Carr, SRA Capitol Federal Savings Jerrold Cato, MAI, AI-GRS UMB Bank, N.A. Arthur Donoho, MAI Donoho Appraisals Bradley Eldridge, MAI Marian Fields, MAI, SRA GSA Public Buildings Service Curtis Frazier, MAI Mainland Valuation Services Laird Goldsborough, MAI Valbridge Property Advisors Donald Gossman, SRA Kenneth Jaggers, MAI Morgan Olander, MAI John Shaner, SRA Integra Realty Resources - Kansas City Grandbridge Real Estate Capital, LLC Shaner Residential Appraisals Randall Kancel, MAI, AI-GRS Kevin O`Bryan, MAI Cordry Appraisal Services, Inc. Bank Midwest DIRECTOR James Pfeffer, SRA Thomas H. Slack & Company Jack Poteet, MAI Susan Smith, MAI, AI-GRS Daniel Kann, MAI Valbridge Property Advisors Timothy Keller, MAI Keller Craig & Associates, Inc. John Kirby, MAI, SRA Hospital Appraisal Services, LLC Thomas Pryor, MAI Pryor Appraisal Services, Inc. The Kirby Valuation Group Brian Reardon, MAI Brian Klahr, MAI Bliss Associates, LLC VICE-PRESIDENT Martens Appraisal Lawrence Ritter, SRA Pendo Management Group Kent Krause, MAI Shane Gretzinger, MAI Sharon Lowman, MAI, SRA Steven Ritter, MAI Gretzinger Appraisals, Inc. Martin Guenther, MAI Appraisal Solutions Group T.J Hawks, MAI Valbridge Property Advisors Michael Haynes, SRA Mkhaynes & Associates, LLC James Hedges, SRA Hedges Appraisals Douglas Heinrich, MAI Ritter Appraisals, Inc. Ritter Appraisals, Inc. Lowman & Co. John Robertson, MAI Gerald Maier, MAI Bliss Associates, LLC Mainland Valuation Jason Roos, MAI David Markus, MAI Valbridge Property Advisors PAST PRESIDENT Metropolitan Appraisal Company Robert Marx, MAI, SRA Brock Rule, MAI Daniel J. McGrath Lindel Schulze, MAI Mattes Appraisal Company, Inc. Appraisal Solutions Group Anne McRoberts, SRA Reg Cordry, MAI Alex Hoenig, MAI Anne McRoberts & Co. Arvest Bank TREASURER Colliers International Niki Medlin, SRA David Craig, MAI Keller Craig & Associates, Inc. John Daly, MAI Roland Hoffman, MAI, SRA Kenneth Meyers, MAI, SRA Michael Hohmann, MAI John Moser, MAI, SRA Bliss Associates, LLC Stephen Hughes, MAI Hughes & Company, Inc. BMO Harris Bank N.A. Right of Way Associates Allan Moore, MAI Weisenborn Appraisals Chris Williams, MAI CBRE Michael Septer, MAI Wright Appraisals Butler Burgher Group Sidney Womack, MAI, AI-GRS Bernie Shaner, MAI, SRA David Nunn, MAI, SRA The Nunn Company, L.L.C. • An airport that moves more air cargo each year than any state region. JOSEPH D. ORSCHELN, SIOR, CCIM Vice President, Industrial Services CBRE capita. All of these factors have put for other markets that space available. Even more telling is City is still playing catch up to the these companies to occupy. Developers have certainly taken note over the past couple of years Steven Wise, MAI Lynda Wright, SRA Valbridge Property Advisors zone space than any other city. KeyBank Cannon & Blaylock Moore & Shryock Appraisers percent of our overall States by tonnage. Van Meter Appraisal Mark Visconti, MAI Armed Forces Bank Ed Severeid, MAI • The largest rail Bliss Associates, LLC Stephen D. Seat, MAI Severeid & Associates concrete construction Steve Van Meter, SRA Linda Weisenborn, SRA Daniel McGrath, SRA Bank Midwest DIRECTOR Bliss Associates, LLC James Summers, MAI, SRA Megan Warner, MAI Kent Hileman, MAI Daniel Craig, MAI Stanley Appraisal, Inc. Keystone Appraisals, LLC Elaine Copp, SRA Mark Cox Appraisals, LLC Rick Stanley, SRA Todd Stansell, SRA KLS Real Estate Services Mainland Valuation Services Keller Craig & Assocaites, Inc. Troy Smith, MAI Veracity Valuation, LLC James Mattes, SRA Thomas Scaletty, MAI Mark Cox, SRA Susan M. Smith Real Estate Advisory Services PRESIDENT Konnie Sanders, MAI Mattes Appraisal Co. Cordry Appraisal Services, Inc. Thomas Slack, MAI Hopkins Appraisal Services of Illinois, Inc. to continue to thrive The Simmons Co. Bliss Associates, LLC Conway & Associates, L.C. Kevin Conway, SRA Fletcher Simmons, MAI Advisory Kent Wooten, MAI, SRA speculative space. Analyzing a marketplace to help can be a challenging process. The eight municipalities in four counties Wooten Appraisal Co. successful real estate transactions. Please visit us online: www.appraisalinstitutekc.org | www.facebook.com/appraisalinstitutekansascity later this spring. | www.twitter.com/AIKansasCity Joseph D. Orscheln, SIOR, CCIM, is vice president of industrial services for CBRE. He specializes in representing clients with acquisition and disposition needs and structuring lease transactions for both tenants and landlords. You can reach Joseph at joseph.orscheln@cbre.com. YOUR MOST VALUABLE PARTNER IN REAL ESTATE CCIM Designees, Kansas City Chapter CCIM RED Brokerage, LLC CCIM Lee & Associates Kansas City CCIM Baker Realty Advisors, Inc. CCIM Hakes Real Estate CCIM Colliers International CBRE, Inc. General Services Administration CCIM Heck Land Company CCIM Tower Properties CCIM Colliers International CCIM U.S. Trust, Bank of America, N.A., Wealth Management CCIM Block Real Estate Services, LLC CCIM J.W. Franklin Co. CCIM Colliers International CCIM J.W. Franklin Co. CCIM Americo Life, Inc. CCIM VanTrust Real Estate, LLC CCIM Colliers International CCIM Cassidy Turley CCIM Sperry Van Ness Rankin Co. CCIM Greenamyre Rentals, Inc. CCIM Cassidy Turley CCIM Newmark Grubb Zimmer CCIM The Land Source/Evergreen Real Estate Services CCIM BMO Harris Bank CCIM Sight Commercial Realty CCIM Newmark Grubb Zimmer CCIM Block Construction Services, LLC CCIM Varnum.Armstrong.Deeter, LLC CCIM Berkshire Hathaway Home Services CCIM Northpoint Development CCIM Lee & Associates Kansas City CCIM RE/MAX Commercial CCIM Academy Bank CCIM Lee & Associates Commercial Real Estate Services CCIM Evergreen Real Estate Services CCIM CCIM CCIM Grandbridge Real Estate Capital, LLC CCIM The Shearer Real Estate Co. CBRE, Inc. DTZ CCIM The Tiehen Group, Inc. CCIM Kessinger Hunter CCIM Bankers Real Estate Services CCIM US Trust Bank of America CCIM Block Real Estate Services, LLC CCIM Thompson Design Consultants, P.C. CCIM Marcus & Millichap CCIM Sperry Van Ness Encompass RealPac CCIM Jury & Associates, Inc. CCIM Colliers International CCIM Stoltz Management Company CCIM Yarco Company, Inc. CCIM CCIM Jack Jorden Real Estate, LLC CCIM Grandbridge Real Estate Capital, LLC CCIM Rubenstein Real Estate Co. L.C. CCIM Jones Lang LaSalle Americas, Inc. CCIM Frauenshuh Healthcare Real Estate Solutions CCIM Foster & Associates, Inc. CCIM Lane4 Property Group CCIM CCIM CCIM CBRE, Inc. CCIM Loch Lloyd Real Estate CCIM UMB CCIM Investment Property Exchange Inc. CCIM NorthPoint Development CCIM CCIM Price Brothers Realty CCIM Eastbrook Properties CCIM The Land Source CCIM Northpoint Development CCIM Lee & Associates Commercial Real Estate Services CCIM Highwoods Properties CCIM Joe Costello Co. CCIM QuikTrip Corporation NT Realty, Inc. DTZ CCIM EPR Financial Services CCIM Wells Fargo Bank, N.A. CCIM Stoltz Management Company CCIM CCIM Block Real Estate Services, LLC CCIM Dickinson Financial Corp. CCIM Block Real Estate Services, LLC CCIM Grandbridge Real Estate Capital, LLC CCIM Colliers International CCIM Dean Realty Co. CCIM Susan M. Smith Advisory Services, LLC CCIM Jack Jorden Real Estate, LLC CCIM Stacy Company LLC CCIM Newmark Grubb Zimmer CCIM Jury & Associates, Inc. CCIM INVEST Commercial Real Estate CCIM Highlands Development Group Annual Partners Event Partners BMO Harris Bank | Continental Title Company | EPR Financial Services Secured Title of Kansas City-Commercial Division | | Integra Realty Resources-Kansas City UES Consulting Services, Inc. | US Bank | | Marcus & Millichap Capital Corporation VanTrust Real Estate, LLC Broker Partners Block Real Estate Services, LLC | Colliers International | Copaken Brooks, LLC | Lee & Associates Kansas City | The Land Source/Evergreen Real Estate Services