DEI, Cannabis Real Estate & Printing Money with Daynon Kirby, CCIM

Join Bo and Timmy Barron in an insightful and multifaceted episode of "Commercially Speaking" as they welcome Daynon Kirby, a prominent member of the DEI (Diversity, Equity, and Inclusion) team at the CCIM Institute. Daynon shares his vital role in promoting diversity within the commercial real estate (CRE) industry, highlighting efforts to identify top diverse candidates and ensure that CRE opportunities are accessible to all, regardless of background or culture.

What You'll Learn:

• DEI in CRE: Discover the impact of Daynon's work with the CCIM Institute's DEI team, as he discusses the importance of diversity in commercial real estate and the ongoing efforts to bring more diverse voices into the industry. Bo adds his perspective as a CCIM instructor, noting the positive changes he’s observed in his classrooms over the past five years.
• Long-Term Investment Strategy: Dive into Daynon's experience to Legacy’s investments, where buying to hold and rarely selling has become a highly successful strategy for his company. Learn how this approach can create a "cash printing machine" for long-term financial growth.
• Cannabis Real Estate Insights: Explore the burgeoning field of cannabis real estate as Daynon discusses the opportunities and challenges of this niche market. Bo shares his concerns about the risks, while Daynon reveals the potential for significantly higher rental rates in this sector.
• Scholarship Opportunities: Hear about the various scholarships available through the CCIM Institute, and the ongoing challenge of finding qualified candidates to award them to. This discussion underscores the importance of outreach and support for diverse professionals entering the CRE field.
• Timmy’s 420 Experience: Enjoy some lighthearted moments as Timmy, while not a CRE expert, brings his own "expertise" to the discussion with jokes about his knowledge of all things 420.

This episode is a must-watch for anyone interested in the future of commercial real estate, from promoting diversity and inclusion to exploring innovative investment strategies. Tune in to "Commercially Speaking" for an engaging conversation that spans the spectrum of opportunities in the CRE industry.

⏰Time Code⏰ 00:00:00 - Start 00:17:40 - CCIM Scholarships 00:20:06 - DEI 00:27:53 - Finding Top Candidates 00:32:10 - DEI Being Stigmatized 00:34:11 - The “Family Video” Model 00:39:34 - Acquisition Criteria 00:40:25 - Never Sell 00:50:44 - Billionaires Buying up Residential 00:56:38 - Cannabis Real Estate 00:59:51 - Cannabis Real Estate Pricing! 01:05:01 - Pop Quiz

📒Show Notes📒

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Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron