The Importance of Making Money in the Real Estate Private Equity Space

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#278 - Moses Kagan & Rhett Bennett - Co-Founders of ReSeed Partners - Building the Y-Combinator for Real Estate Operators

The Fort

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The Importance of Making Money in the Real Estate Private Equity Space

Moses: We really believe that we can take a small number of very talented individuals and help them build big businesses. He says the traditional real estate private equity model, which is heavily IRR driven, is going to incent certain kinds of behaviors. Moses: The one thing I will say about me today isn't what I had a few good ones, but where we're headed as a company is closer to where Moses stands over time.

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Moses Kagan is co-founder and partner at Adaptive Realty, a Los Angeles-based real estate development and property management company with $200MM in AUM and more than 1,000 apartments under management. He is also a co-founder of Re-convene, a real estate private equity un-conference, and ReSeed, which provides mentorship and capital to early-career operators.

Rhett leads ReSeed's strategic direction and daily operations. He most recently served as Co-Managing Partner at Minot Capital, LP, where he led real estate investing. Previously, Rhett was President and Director of Research at Stillwater, a long-short hedge fund, and Chief Investment Officer at Arlington Family Offices. Rhett received a Bachelor of Arts from Brown University with a double major in Business Economics and History.

On this episode, Chris, Moses and Rhett discuss:

➡️ How ReSeed works

➡️ What ReSeed is looking for in Partners

➡️ How ReSeed empowers Operators to build their own companies

➡️ What success looks like for Operators working with ReSeed

➡️ Thoughts on the state of the Real Estate Market

Chapters

(00:03:31) - Rhett’s career

(00:04:26) - Moses’ evolution in thinking over the past 5 year

(00:06:40) - Launching ReSeed Partners

(00:19:05) - Defining Subinstitutional

(00:20:58) - Cohort #1