JF3612: Developing Affordable Housing in Nashville, Mastering Land Entitlement, and Partnering with National Home Builders ft. Brandon Cobb
Jul 25, 2024
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Brandon Cobb, a Nashville-based real estate developer specializing in affordable entry-level housing, dives into the critical housing shortage in the U.S. He discusses his strategies for land acquisition and rezoning, emphasizing the need for strong relationships with local municipalities. Brandon sheds light on the complexities of navigating zoning regulations and securing land for mixed-use developments. He also highlights the importance of community engagement and shares insights on aligning investor incentives to tackle affordable housing challenges.
Brandon Cobb highlights the crucial role of fostering relationships with local municipalities to align housing projects with community needs and secure zoning support.
The podcast underscores the necessity for real estate developers to diversify investment strategies and employ multiple exit options to navigate market risks effectively.
Deep dives
Opportunities in Passive Real Estate Investing
Accredited investors can enhance their income potential and work toward financial freedom through passive real estate investing. Viking Capital focuses on delivering low-risk investment opportunities by utilizing transparent underwriting processes to identify growth potential, which helps protect investor capital. Their experienced investor relations team provides support to tailor investments to each individual's financial objectives. With significant assets already acquired and managed, Viking Capital serves as a viable option for those looking to retire early through smart investing.
Transforming Distressed Hotels into Affordable Housing
Hotel Shift Capital addresses the shortage of affordable housing in the U.S. by targeting distressed hotel properties for conversion into apartment units. This approach not only reduces investor risk through prior zoning approvals but also provides investors with the opportunity to engage in a high-demand market. To ensure consistent cash flow during the transformation process, Hotel Shift Capital employs an in-house management team dedicated to maximizing tenant satisfaction and profitability. Investors can anticipate the return of their capital during refinancing operations, aiding their investment growth.
Navigating Land Development and City Collaboration
Real estate developers like HBG Capital emphasize the importance of collaboration with local municipalities in identifying land for affordable housing. By engaging with city planners before approaching landowners, developers can align project proposals with community needs and garner support for zoning changes. This proactive approach allows developers to acquire land at a lower cost while planning for necessary infrastructure improvements. The capacity to effectively communicate and advocate for community-enhancing projects fosters positive relationships with local governing bodies, reducing opposition.
Strategic Investment Approaches and Risk Management
Diversifying investment strategies is crucial for real estate developers to mitigate various market risks and capitalize on emerging opportunities. By employing multiple exit strategies, such as land banking or contracting with national builders, developers can adapt to changing market conditions while maximizing profitability. Conducting thorough due diligence is essential in assessing potential sites, with attention paid to environmental evaluations and infrastructure capabilities. Ultimately, understanding the local market dynamics and maintaining strong community relations are fundamental to successful investment and development endeavors.
Brandon Cobb, a real estate developer, shares his experience in developing affordable entry-level housing communities. He discusses his strategy of acquiring land, rezoning it, and developing it for residential use. Brandon emphasizes the importance of building relationships with local municipalities and understanding their vision for the community.
Brandon Cobb | Real Estate Background
HBG Capital
Portfolio
Building 30 homes. Developing 74 homes sites. Rezoning mixed use project, Rezoning/entitling 300 land SFR units.