- REAL ESTATE EDUCATION
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REBNY Leadership Breakfast Honors Ogden CAP Properties’ John McDermott and Rudin Management’s Gene Boniberger
March 10, 2017
(From L-R) Carl Hum, REBNY; RMC Co-Chair Elly Pateras, Douglas Elliman; John McDermott, Ogden CAP Properties, LLC; Gene Boniberger, Rudin Management Company; Jonathan Miller, CRE, CRP, Miller Samuel Inc.; RMC Co-Chair Michael Wolfe, Midboro Management, Inc.
Real estate appraiser Jonathan Miller, CRE, CRP, of Miller Samuel Inc. delivers keynote speech on trends, market activity, and interest rates at 19th annual event
Nearly 600 attendees gathered yesterday at the Real Estate Board of New York’s (REBNY) 19th Annual Residential Management Leadership Breakfast to celebrate the achievements of outstanding leaders in residential property management and hear from keynote speaker Jonathan Miller, CRE, CRP, who serves as President and Chief Executive Officer of real estate appraisal and consulting firm Miller Samuel Inc. This event is annually hosted by REBNY’s Residential Management Council (RMC) and Residential Breakfast Planning Committee.
John McDermott, Vice President at Ogden CAP Properties LLC, was honored with the Residential Management Executive of the Year Award, while Gene Boniberger, Senior Vice President and Director of Building Operations at Rudin Management Company, Inc., was presented with the Residential Management Community Service Award.
“We thank John and Gene for their leadership and career-long dedication to our industry and the community,” said Carl Hum, Senior Vice President for Management Services and Government Affairs at REBNY. “We are proud to honor their contributions and excellence that assures the exceptional operation of our City’s residential buildings, while bringing together members of our growing management community at this annual event.”
In his keynote speech, Jonathan Miller, CRE, CRP, of Miller Samuel Inc. addressed: leveraging assets to drive value in residential buildings among the market’s explosion of amenities; the shifting dynamic of housing in New York City, which doesn’t match what millennials are looking for in terms of price or affordability; the national effect of development at the high end over the last five years; the change in consumer sentiment that is bringing re-sale inventory back into the market; and the over-concern about interest rates.
“When interest rates rise, they’re rising because the Fed is trying to slow the economy down because it’s growing too fast,” Miller explained. “It’s not pushing the market; it’s reining in the market.”
Residential Management Executive of the Year John McDermott is responsible for Ogden CAP Properties LLC’s residential portfolio both in New York City and Washington, DC, overseeing management and leasing functions at luxury high-rise rental and condominium buildings with over 4,000 units. John has been with Ogden since its inception in 2003. Prior to Ogden, John served as a building manager for Milford Management and an asset manager for the Real Estate Recovery and Sentinel Real Estate. John is a member of REBNY's Residential Management Council, a graduate of SUNY Oswego, and has served on the Board of Directors and as General Manager for the St. John the Baptist Hockey Program. He has been married to Julie McDermott for 25 years and has three children: Jack, Scott, and Caleigh.
Residential Management Community Service Award winner Gene Boniberger manages Rudin Management Company, Inc.’s Operations Department, day-to-day operation of its commercial and residential portfolio, and the MEP/Operations aspects of all new construction projects. He started his career at the organization and previously served in various capacities as Chief Engineer, Building Manager, Operations Manager, and Vice President of Commercial Building Operations. Gene proudly serves as a founding board member for Donate Eight, a non-profit affiliated with the LiveOnNY Foundation (formerly known as The New York Organ Donor Network). He is also a board member of LiveOnNY, and supports Outreach and the Torch Foundation—all charities dedicated to helping children. He is a member of REBNY’s Management Division Board of Directors, Commercial and Residential Management Councils, and Sustainability Committee. Gene currently resides in Long Island with his wife Susan and their three children Samantha, Stephen, and Matthew.
The Residential Management Leadership Breakfast Planning Committee is comprised of: Ellen Gribben Bornet, Rose Associates, Inc.; Dawn Dickstein, MD2 Property Management Group, LLC; Linda Gawley, Charles H. Greenthal Management Corp.; Russell Heigel, Rose Associates, Inc.; Albert E. Mayas, Charles H. Greenthal Management Corp.; Leslie Bogen Winkler, Penmark Realty Corp.; and the Co-Chairs of REBNY’s Residential Management Council—Elly Pateras, Douglas Elliman and Michael Wolfe, Midboro Management, Inc.