The Best Ever CRE Show JF 3957: Navigating Legislation, Managing Supply, and Scaling with AI – ft. Paul Kaseburg
Jul 5, 2025
In this engaging conversation, Paul Kaseburg, Chief Investment Officer at MG Properties, shares his expertise from managing a 32,000-unit portfolio in the Western U.S. He discusses the importance of vertical integration and legislative compliance, particularly in the face of current market challenges. Paul dives into how MG Properties tackles oversupply by focusing on value-driven acquisitions and the measured use of AI tools. Additionally, he emphasizes the pivotal role of company culture and long-term investment strategies in achieving success in multifamily real estate.
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Transcript
Episode notes
Navigating Legislative Compliance
- Managing legislative challenges is crucial, especially with rent control and diverse state regulations.
- MG Properties ensures compliance through legal advice, internal best practices, and systems that enforce rules automatically.
Use Systems to Ensure Compliance
- Use technology solutions like Yardi to enforce compliance and automate legal constraints.
- Create systems that remove the risk of forgetting or misapplying laws, reducing business complexity.
Managing Oversupply Challenges
- The massive supply of new multifamily units challenges existing portfolios and requires careful market analysis.
- High supply justifies a shift to buying core plus deals near replacement costs while forecasting realistic short-term revenue.