The Fort
RE #203: Jeff Gleiberman - Managing Director at MG Properties - 33,000 Units and counting...
Mar 22, 2022
Jeff Gleiberman, Managing Director at MG Properties Group, shares insights into their investment strategies, including value-add and core plus. He discusses the challenges of real estate reporting using spreadsheets and their focus on buying existing properties. Topics also include selling properties, managing multiple investors, tax benefits of 1031 exchange and cost-segregation, and the importance of visiting properties and teams.
55:07
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Quick takeaways
- MG Properties employs two main investment strategies: value-add and core-plus, focusing on upgrading older properties and improving newer properties with growth potential.
- MG Properties strategically enters new locations by targeting larger, newer assets in areas with job growth and growth opportunities, aiming to acquire around 2,000 units in each market.
Deep dives
Investment Strategies: Value-Add and Core-Plus
The podcast episode discusses two main investment strategies employed by MG Properties: value-add and core-plus. Value-add investments involve upgrading older properties with renovations to improve the interiors, amenities, and common areas, while core-plus investments focus on newer properties with the potential for small improvements and growth. Both strategies have been successful in the strong multifamily market.
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