The Best Ever CRE Show
JF 3883: Public-Private Wins, Capital Strategy Shifts, and Mobile Home Profits Ft. Jesse Sells
Apr 22, 2025
Join Jesse Sells, Co-founder and COO of Impact Growth Capital, as he shares his journey from the Air Force to real estate success. He dives into the lucrative world of mobile home parks, emphasizing the power of personal networks for raising capital. Sells discusses the hurdles of managing mid-sized multifamily properties and reveals his team's strategic shift towards larger developments. He also unveils an exciting $300M public-private project to transform public housing, highlighting the significance of government incentives in today’s market.
29:57
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Jesse Sells emphasizes the importance of leveraging personal networks and strategic education in transitioning from military life to real estate success.
- The podcast highlights Jesse's pivot towards large public-private partnerships aimed at revitalizing affordable housing through significant government support and incentives.
Deep dives
Investment Opportunity in Hendersonville
The Hamilton, a 232-unit multifamily community in Hendersonville, Tennessee, presents an attractive investment opportunity for accredited investors due to its high demand and limited supply in the area. Hendersonville boasts exceptional demographics, top-rated schools, and strong potential for rent growth, making it a desirable location for renters. With a current occupancy rate of 97%, the property is already generating cash flow, and plans to raise rents by over $300 will still keep them below market averages. This reinforces the projected stability and profitability of the investment, coupled with Viking Capital's approach to low-risk opportunities aimed at preserving investor capital.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
