David Moore is the founder and Managing Partner at Knightvest. Under David’s leadership, Knightvest has acquired over 55,000 units at a total capitalization of approximately $10.0 billion. Since inception, Knightvest has sold over 15,000 units with an average IRR and multiple of over 30% and 2.2x, respectively.
On this episode, Chris and David discuss:
- Making key hires to grow the company
- The explosion of the Class B multifamily market
- A walkthrough of a typical deal
- The American renter in 2024
- Construction & labor cost hikes
- State of the market update 2022-2024
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Links
Knightvest Capital - https://knightvestcapital.com/
David on LinkedIn - https://www.linkedin.com/in/david-moore-03005a39/
Topics
(00:00:00) - Intro
(00:04:45) - David’s first property
(00:13:08) - The decision to focus on multifamily
(00:20:46) - Scaling Knightvest
(00:24:01) - Multifamily is HARD work
(00:27:25) - Becoming the best renovator
(00:29:47) - Making key hires to grow the company
(00:34:40) - The Class B MF market taking off
(00:42:32) - Walkthrough of a typical deal
(00:46:20) - The American renter in 2024
(00:54:09) - Thoughts on construction & labor cost hikes
(00:58:17) - State of the Market Update 2022-2024
(01:19:22) - Technology innovations
(01:21:32) - What do you think about often in multifamily?
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