The Best Ever CRE Show JF 3882: Doubling NOI, Public-Private Partnerships, and Midwest Value-Add ft. John Casmon & Kent Ritter
Apr 21, 2025
In this engaging discussion, John Casmon, Managing Partner at Casmon Capital, and Kent Ritter, CEO of Hudson Investing, delve into the multifamily real estate landscape. John reveals how he doubled NOI by uncovering hidden value in properties. Kent emphasizes the importance of public-private partnerships for financing development projects, showcasing a transformative mixed-use project in Indiana. They explore investor sentiment shifts, effective fundraising strategies, and navigating complex negotiations, providing invaluable insights for anyone interested in real estate investing.
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Midwest Multifamily Resilience
- Midwest markets like Cincinnati and Indianapolis maintain steady growth despite broader rent stagnation.
- These areas offer resilient value-add multifamily opportunities amid market challenges.
Use Public-Private Partnerships
- Leverage public-private partnerships to make development deals viable in high-rate environments.
- Obtain city support through incentives like land contributions or tax increment financing to boost returns.
Testing Market to Decide Exit
- John Casmon's firm tests market value by listing deals even when not forced to sell.
- This strategy helps decide whether to exit or hold assets based on real-time market feedback.