Episodes

Supply-demand imbalance drives value in Real Estate. In this country, we have a severe shortage of affordable housing in many markets and therefore high occupancy levels. In the case of Mobile Home Parks, supply is not only not growing, it is actually shrinking because municipalities are repurposing the land Mobile Home Parks occupy for better perceived uses. This is what’s creating an undersupply. Nathan Jameson, Founder and Managing Director of ARX Capital, has an incredible track record of bu...

Although the Southeast and Southwest are still oversupplied with new multifamily units, markets in the Midwest have seen little to no new supply and therefore perennially low vacancy rates. Many of these markets are also growing, which creates a perfect opportunity for multifamily investing, as long as it’s with the right syndicator. Justin Spillers, Co-Founder of Real Estate Alpha, has built a portfolio of over 700 units, mostly in and around Toledo and Dayton, Ohio. Real Estate Alpha is a full...

When deciding who to invest with, experience is what matters most, starting with the number of deals someone has done. Forty percent of Multifamily operators have done fewer than five full cycle deals. Like anything else, Real Estate takes years, even decades, to master. Elijah Brown, Founder of GoldHawk Capital, has first-hand experience operating multifamily and leverages this experience to help him identify other experienced and proven sponsors for others to invest in. Once he finds a great d...

Alternative assets are getting a greater share of investor allocations as they seek higher yields and less volatility. Pension funds, endowments and other large institutions are directing more dollars to these assets in order to increase overall yields in their portfolios and to hit mandated returns. Kim Flynn, President of XA Investments, specializes in Private Credit interval funds, some of which generate higher than 10% yields. Kim is responsible for all product and business development activ...

Capital is pouring into steady, cash-flowing midwestern markets. Investors appreciate the predictable, steady growth and performance of these markets with affordable entry points. This applies especially to supply constrained infill industrial markets with big tenant demand and consequent high occupancy rates. Geoff Stuhr, Principal at Smart Asset Capital, specializes in Class B infill industrial properties in Southeast Wisconsin. Geoff only buys positive leverage, cash flowing properties that h...

An interesting asset class that lends itself to significant value creation through entrepreneurialism and creativity is boutique hotels. Each property is different, so there’s intrinsic inefficiency. Many of these properties are also owned by baby boomers who have no succession plans and have not maximized their value over the years. Unlike branded hotels, there’s more opportunity to create special guest experiences that ultimately enhance revenue and generate long-term loyalty. Tom Bono, Managi...

Although it may seem like public companies such as Exxon and Chevron generate the lion share of our domestic oil production, they only produce roughly 30%. The other 70% is produced by smaller to mid-size companies. Many of these enterprises raise money via syndications from Private Equity, family offices, and High Net worth individuals. Depending on the size of the project, investment minimums can be as low as $25,000-$100,000 and have the potential to generate returns that far exceed those of ...

It’s no secret that AI will revolutionize the world. Elon Musk thinks computers will overtake humanity as the collective intelligence of AI exceeds that of the collective intelligence of humanity. In the short and immediate term, the truth is probably more muted and will take longer than many expect. Thus far, most companies that have tried to integrate Applied AI technology into their businesses have not been successful and have replaced relatively few employees. Ben Tasker, a recognized leader...

Although multifamily is facing major headwinds with operators who took on floating rate debt combined with oversupply and unprecedented expense increases, this is not the whole story. Some multifamily investors who took on less risk and are better and smarter operators are doing quite well. Michael Pouliot, Founder of Carbon Real Estate Investments, has built a 3000-unit portfolio of 1970s and 80s workforce housing in the Southeast in great school districts with higher income, reliable tenants. ...

Investing in private market offerings outside of public stocks or funds can offer diversification and better returns, but these vehicles are often inaccessible to retail investors. There tend to be high minimums and restricted access to these opportunities. To provide this access, a number of investor organizations exist that pool their member’s resources to meet investor minimums and provide access. One of these organizations is Long Angle Management. Matt Shechtman, CEO at Long Angle Managemen...

Industrial properties were at 80% occupancy and selling at 5 cap rates pre-pandemic. Now, they’re over 90% occupied and selling at 8.5% cap rates. With interest rates most likely coming down, this represents a great opportunity to invest in industrial. Warren Buffet says never bet against America, now is a great time to invest in industrial properties. Judd Dunning, President of DWG Capital Partners, is raising a fund to acquire single tenant Sale Lease Backs from profitable companies with stron...

Buying at a discount is the most dependable way to make money. Suburban office is one of the few examples left where you can still find considerable value. In some markets, you can buy these properties for as little as $10/ft where it costs $200/ft to build. What’s more, you don’t have to find off-market deals, they’re listed publicly on LoopNet, Crexi, and other listing sites. As workers have moved to the suburbs and left downtown districts, they’ve chosen to work closer to home. As a result, m...

Investing in NNN fast food franchises and limited-service hotel Real Estate is a great way to profit from steady operating businesses. Joe Tagliente is Managing Partner of Tage Capital Partners, a firm founded in 1970 with a single restaurant by family patriarch, Joseph P. Tagliente. Tage Capital has grown to become a leading hospitality company in New England. Today, Tage Capital is one of the largest privately held, hospitality real estate investment groups in the United States with net-leased...

Despite ample sentiment to the contrary, we may not be headed into a recession any time soon according to at least one well known, respected economist. In fact, we’re just four years past the pandemic, and we’re seeing steady, conservative growth. As far as AI disruption, and potential unemployment that may result, this may occur slower than many people think. Peter Linneman, Principal of Linneman Associates, is a prolific multi-decade investor and founder of Wharton's Real Estate Department and...

One way to generate large, short-term profits in Real Estate is flipping houses. There are many methods to finding great deals, and the money to acquire these properties is readily available when the deals make sense. You can find houses via auctions, wholesalers, or tried and true direct marketing efforts like flyers, Direct Mail, driving neighborhoods, even knocking on doors. Dan Cantillana, or Dan Can, is a successful insurance broker in Spokane, Washington who has expanded into flipping 30-4...

Nothing has caused more loss of principal in Real Estate than too much debt. Leverage works great in an upward trending market, but it cuts the other way in a downturn. Joel Friedland, Principal of BRIT properties, has been buying infill industrial properties with all cash since learning the hard way during the 2008-09 financial crises. Joel and his investors are seeking conservative investments with the primary goal of capital preservation. He buys highly sought-after properties that appeal to ...

AI will change the world even more than the internet, with profound implications for most aspects of society, including massive wealth creation. It will impact many sectors of commerce, including Real Estate. Amongst other implications, AI is creating an insatiable demand for Data Centers and a scramble for computing power. Peter Lewis, Chairman and Founder of Wharton Equity Partners, has over 35 years of experience as a real estate owner, developer, and operator, and is now merging with Lightho...

For fix and flip entrepreneurs of single-family homes, it’s hard to get financing from traditional lenders. This lack of access to capital creates a market for private lenders who have the flexibility and access to capital. It’s a win-win for borrowers and lenders. Borrowers get capital to fund their businesses; lenders make a healthy return for making these kinds of loans. Investors who invest in hard money funds also do well, earning sometimes as high as high teen returns. Matt Medrano, Co-fou...

Although cracks are starting to appear in various commercial real estate asset classes, prices have still not come down enough to be investible. Prices have come down, but they’ve come down off record highs and lenders are still conducting workouts with sponsors. If we continue to see significant job losses, and recession ensues, prices may eventually come down enough to make sense for cash-flow investors. Jeremy Roll, a full-time passive investor, left his steady corporate job in 2007 and has l...

Despite its initial trajectory, ecommerce has plateaued at 16% of total retail sales. Concurrently, the cost of land, borrowing, and construction has made it prohibitive to build new retail centers. As a result, occupancy levels at existing properties are in the mid-high 90’s, and sometimes even 100%. There’s a huge demand for space from restaurants, beauty salons, yoga and pilates studios, gyms, massage clinics, plus other medical providers like dentists and chiropractors. Cyndi Peach, Managing...

When it comes to stable tenants and predictable cash flow, it’s hard to find a better asset class then Medical Office. As the population ages and people live longer, the demand for medical care will continue to flourish. Plus, technology will never replace the human body. Another commercial real estate class with predictable cash flow is Multifamily. Multifamily is attractive because of looming loan maturities and resulting distress. Ben Reinberg, CEO of Alliance Consolidated Group of Companies,...

Although Multifamily is facing challenges in sunbelt markets, and loan maturities are piling up, long-term fundamentals remain strong. Rents are holding, occupancy levels are in the low 90’s%, and collections are solid. There have been concessions because of excess supply, but even these are gradually starting to contract. Joe Fairless, Co-founder and General Partner of Ashcroft Capital, owns over 14,000 units in sunbelt markets. Joe is prioritizing Net Operating Income of his current portfolio ...

As investors seek alternatives to the stock market, as ETFs make it harder to outpace the market, as awareness for private investments increases, allocations are increasing to non-traditional assets. Over the past decade, and even more so recently, investors have invested more money into privately held Real Estate, Private Credit, and Private Equity. With the right investment strategies, these vehicles offer predictable cash flow with conservative risk. Brad Johnson, Founder and Managing Partner...

As investors have become frustrated over the complexity, the legacy issues, and opacity of funds, many have gravitated to investing in single asset deals. Single assets are easier to underwrite, require less due diligence, and great deals are starting to emerge with distress in the market. Mike Zlotnik, CEO of TF Management Group, is offering investors opportunities to invest in single asset deals in Industrial, Outdoor Retail, and select Multifamily. Mike also manages conservative debt funds th...