The Best Ever CRE Show JF 3978: Team Building, Market Timing, and Legacy Projects ft. Cary Clarke
Jul 26, 2025
Cary Clarke, founder of Founders Development Company and expert in multifamily development, shares his journey from working in his father's business to launching a massive apartment project in the DFW area. He reveals how the 2008 financial crisis prompted his shift back to multifamily housing and emphasizes the value of mentorship. Cary discusses strategies for securing land in competitive markets and navigating the complex HUD 221(d)(4) loan process, highlighting the importance of teamwork and community engagement in real estate success.
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Cary's Career Journey
- Cary Clarke grew up in his father's multifamily development business and completed a rigorous five-year property management training program.
- He then started his own homebuilding company, developing successfully for 35 years before returning to multifamily development.
Impact of Financial Crisis
- Cary was hit hard by the 2008 financial crisis and took a break from real estate after managing his father's estate.
- Despite initial disillusionment, his passion for real estate reignited, leading him back to multifamily investing.
Choosing Right Education
- Identify your existing skill gaps to find education that truly completes your training.
- Network actively and seek mentors by asking how they succeeded and what steps to take.