The Best Ever CRE Show JF3831: Fund Model Advantages, Capital Flow Analysis, & Multifamily Development Timing Strategies ft. Marcin Drozdz
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Mar 1, 2025 Marcin Drozdz, managing partner of M1 Real Capital and a savvy player in multifamily development, shares his insights from navigating the commercial real estate landscape since the 2008 crisis. He highlights his strategic shift to a fund model, enabling access to significant discounts through ready capital. The conversation dives into the importance of affordable housing, macroeconomic trends, and the evolving investor relations landscape. Drozdz emphasizes transparency and aligning interests in GP/LP structures as keys to success in today's cautious market.
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Fund Model Advantage
- Drozdz transitioned from syndications to a fund model.
- This allows securing better deals with ready capital, exemplified by a 30% discount on a recent acquisition.
Career Journey
- Marcin Drozdz started in private equity during the 2008 financial crisis.
- He transitioned from raising capital in Canada to focusing on US real estate, particularly multifamily.
Current Focus
- Focus on multifamily development in the Southwest, especially Arizona and Texas.
- Construction costs are becoming favorable while planned deliveries for 2026-2027 remain limited.