FBF #844: The Mindset of a Multi-Billion Dollar Apartment Operator - with Jim Singleton

Today's Flash Back Friday episode is from #261 that originally aired on Jan. 28, 2020.

Jim is Senior VP & Principal of Acquisitions for Bascom Group and is responsible for analysis, due diligence, equity and debt financing, and transaction execution functions for the acquisition of new assets, as well as the management and disposition of existing assets. As a member of the acquisition team he has been directly involved in the acquisition of 35 multifamily properties located in California, Colorado, Nevada, and Texas totaling 7,751 units and $1.2 billion in project cost.

What You’ll Learn:

• What Jim’s role encompasses as Senior VP and principal of acquisitions for a multibillion dollar multifamily operator
• What markets he focuses in and which are on his radar as up and coming growth markets.
• How they’re managing their operations considering that they feel we’re near the top of the real estate cycle
• Why he feels their underwriting process is one of the primary strategic advantages that he feels has put Bascom as a leader in this space
• How there projected investor returns have changed from 2013 when he joined the Bascom group to the present day and what factors have been influential in that downward trend.
• How they are able to gain a strategic advantage when making offers against other highly competitive operators
• How they choose new markets to invest in and what that initial litmus test looks like, additionally, where the income to rent ratio comes into play in this selection process
• And much, much more…

Recommended Resources:

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• Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. 
• Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.

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