Drunk Real Estate 108. From Hollywood to $600M in Apartments: Charlie Koznick on Multifamily’s Future
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Aug 21, 2025 In this engaging conversation, Charlie Koznick, Chief Investment Officer at MC Companies and former Hollywood actor, shares his unique transition from the silver screen to multifamily real estate. He discusses his firm’s bold $600M investments in Class A multifamily properties and provides insights into the current market's absorption rates and rent growth. Charlie explores the impact of interest rates and economic conditions, offering long-term strategies for investors. His entertaining anecdotes about acting and real estate reveal valuable lessons and a few laughs along the way.
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From Morgan Stanley To Hollywood To Real Estate
- Charlie Koznick left a finance path to pursue acting after a college connection opened doors in Hollywood.
- He later returned to UCLA real estate program and transitioned from syndicating small deals to joining MC Companies.
Buying Because Pricing Stabilized
- MC Companies deployed about $600M in purchases over ten months, favoring long-term holds over short-term IRR chases.
- They target Class A newer construction where competition thinned and pricing has stabilized at attractive bases.
Underwrite For Rent Recovery Not Cap Compression
- Underwrite for a path to positive leverage within 12 months and avoid relying on cap-rate compression.
- Focus returns on rent recovery in depressed markets rather than speculating on cap-rate improvements.