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The Distribution by Juniper Square

Ep. 3: A Masterclass on Multifamily - Jason Kern - President of Investment Management at Cortland

Mar 21, 2023
35:35

Cortland is one of the largest multifamily firms in the U.S. Founded in 2005, they are now a global, vertically integrated multifamily investment, development, and management firm. Headquartered in Atlanta, they own and manage apartment communities across the U.S. with regional offices in Charlotte, Dallas, Denver, Greenwich, Houston, and Orlando. Internationally, they operate a build-to-rent (BTR) management and development platform in the UK.


Jason oversees and leads Cortland’s investments, capital markets, corporate finance, investor relations, tax, and accounting teams. He has an impressive career with time spent at JP Morgan, HSBC Bank, and LaSalle Investment Management.


In our conversation, we discuss what forces Jason thinks will bring buyers and sellers back to the table in 2023, investor sentiment, and why today’s macroeconomic environment isn’t the same as The Great Recession.



Links:


Jason on LinkedIn

Cortland


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Connect with Brandon Sedloff on LinkedIn: https://www.linkedin.com/in/bsedloff/


Topics:


(1:28) - Jason’s career background

(3:41) - How has Cortland evolved over the years?

(6:52) - What was the catalyst for expanding into the UK Multifamily market?

(8:59) - What is your take on the current market environment?

(16:55) - How do you look at the opportunity set looking into the medium term?

(19:40) - How does the current environment compare to the 2008 GFC?

(25:07) - What are you hearing from investors around allocations to Multifamily?

(29:52) - Are there any asset fundamental concerns in Multifamily?

(32:13) - How many times do you think the FED will raise rates over the next 12 months?

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