S01EP18: Acquisitions, Asset Management and Investor Relations for a Full Service Multifamily Syndication Company w/ Drew Kniffin

📌 Multifamily Wealth Project Conference, Apr 26 - 28, 2023The Multifamily Wealth Project connects you with influential leaders, deal makers, investors, brokers and peers in the multifamily industry. 👉 Book your spot HERE: http://multifamilywealthproject.com/ Drew Kniffin is the President of Nighthawk Equity.  In that role he is proud to lead and serve a team that oversees the acquisitions, asset management, and investor relations for a full-service real-estate syndication company. Together, Nighthawk has acquired  2,700+ units, managed $280 million of assets, and $90 million of investor capital.    When the economic tide turns, Drew must rely on his operational excellence to survive the real estate market and be a beacon of hope for LP investors.

You will learn how to unlock new levels of syndication success with operational excellence.

"When the tide goes out, and the markets get tough again, you find out who's been swimming naked.”In this episode, you will learn the following:

What does the return to normalcy in the real estate market look like?What is the profile of people most at risk in the current market?How can investors identify operators who have operational excellence? And much more! Some key points: (01:45) Drew's take on the current state of the real estate marketDrew believes we are returning to normalcy and that multifamily will remain a solid investment(03:46) The long-term outlook for real estate is attractive, but right now we are facing challenges in the short term.The people in some trouble right now are those with high leverage and those with no operational capabilities(06:05) Those who are well positioned can take advantage of opportunities in the market(09:38) The current situation with LP investors(15:03) How to define operational excellence and how to tell which LPs have it or don't(19:07) What makes Nighthawk stand out when compared to other syndicators?(20:42) How did Drew get into the multifamily business to begin with?(23:23) Drew breaks down his first syndication deal(27:21) What does it take to run syndication deals as a professional business(31:31) Don't be too quick to jump into business partnerships with people you just met(35:17) Nighthawk in the next 3 to5 years(38:43) How to get in touch with Drew Reach out to Drew KniffinWebsite https://nighthawkequity.com/LinkedIN: https://www.linkedin.com/in/drewkniffin Twitter https://twitter.com/drewkniffin Reach out to Jonathan TwomblyLinkedIn: https://www.linkedin.com/in/jonathandtwombly Loved this episode? Leave us a review and rating on Apple podcasts by clicking here.