Jennifer Nevitt is CEO of Forty-Two, LLC, a multifamily asset and net operating income management firm. She is a veteran in multifamily property management and is considered a national expert in the marketing and yield management of multifamily assets. She currently manages over 4,500 units with 1,000 new construction units coming online in the next twelve months.
Jennifer will present the 2022 NAHB International Builders’ Show® (IBS) education session, “The Hottest, Smartest & Most Important Trends in the Multifamily Market,” in February.
We caught up with Jennifer to get a sneak peek into her programs and to get to know her better.
NAHB: Without giving too much away, what will people learn at your session?
JENNIFER: Attendees will learn a fresh perspective on the industry and the economics of our world today from an industry leader.
NAHB: What advice would you give someone who’s attending the Builders’ Show for the first time?
JENNIFER: Before traveling to Orlando, invest in a two-hour period where you can outline your show journey and earmark sessions and events you do not want to miss. Because once you arrive, you can become overwhelmed by the vast opportunities.
NAHB: What’s the best hangout at IBS and why?
JENNIFER: The Multifamily Central. It’s a great place to run into other industry colleagues.
NAHB: What’s the most interesting industry trend for 2022?
JENNIFER: Our resolve, as an industry, to create solutions for the crisis. We have experienced material shortages caused by supply chain conflicts, yet we’ve adjusted by changing processes and collaborated with our peers.
NAHB: Where do you think industry changes will happen in the next five years?
JENNIFER: The definition of affordable housing and how we respond, as a nation—regardless of politics—to create sustainable programs. We’re all going to work synergistically and collaboratively to create strong solutions.
NAHB: What do you see as being the biggest challenge the industry faces now?
JENNIFER: In multifamily, Congress approved an allocation of rental assistance, but most owners have only been receiving some of that rental assistance. Yet we, as responsible owners, had significant cash calls to meet our mortgage payments.
GET TO KNOW OUR SPEAKERS
In this series of questions, Jennifer shares a bit more about herself.
The best performance you ever attended: I love the theatre and seeing the Broadway musical, “Aida” by Elton John. For a time, I’d go almost every night in a week! I loved it so much!
Your favorite place in the world: London, England. Everyone who knows me well knows that about me. Before COVID, I used to go from Christmas to mid-January.
The book you are looking forward to reading soon: “Call Us What We Carry,” by Amanda Gorman.
Coolest thing you are working on right now: There are two. The first is creatively setting up 93 car charging stations that are now required by New Jersey law. The other project is we are breaking ground on a new property in Nashville, and everything around that development is exciting and fun.
If you could do another job for one day, what would it be? Chairman of the Board for Goldman Sachs.
Best meal you’ve ever had? The lobster roll at the Oyster House in Philadelphia.
What’s in your refrigerator right now? FIJI water.
If you could visit anywhere in the world you’ve never been to, where would you go? Ireland.
A secret talent: I love to write poetry.
A historical event you’d want to see: Martin Luther King’s “I Have a Dream” speech.
If you had unlimited funds to build a house that you’d live in forever, what are the top three features it would have? Glass, a decadent bathroom and a heated garage.
NAHB: In four words or less, what’s your prediction for the building industry in 2022? Housing demand continues.
Jennifer’s Success Quote: “First you jump off the cliff and build your wings on the way down.” – Ray Bradbury
Jennifer’s session takes place on Tuesday, February 8. Plan to join us in person at IBS 2022 February 8–10 in Orlando, Florida, where you can take advantage of top-notch IBS education. Learn more at BuildersShow.com.