The Crexi Commercial Real Estate Podcast: Conversations in All Things CRE

This episode explores tried-and-true lessons leading a CRE investment firm across cyclical shifts with Alex Zikakis, President & Founder of Capstone Advisors.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Alex to discuss the current and past phases of the commercial real estate market, lessons that apply regardless of market cycle, navigating seller expectations, and much more. Their wide-ranging conversation includes:Introductions and pivotal early entrepreneurial learnings.Favorite mistakes and early lessons learned in risk management, setting expectations, and preparing for every eventuality.The importance of understanding human behavior in commercial real estateThe origins of Capstone Advisors and why it prioritizes value-add investing.Current markets of operation and why they’ve shrunk the assets in portfolio over time while still scaling revenue.The importance of the right team to stay nimble while navigating market challenges, Explaining the strategy of pulling back investment activity in “ideal” market conditions.Current challenges of being a CRE investor in today’s market and how Capstone is adjusting.Outlook for 2024 and things to keep in mind moving forward.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Alex Zikakis:Alex Zikakis oversees Capstone Advisors’ full range of real estate services including commercial property acquisitions, value-add repositioning, property development, residential land development, and asset management services.  In addition he oversees investments in alternative asset classes including real estate secured loans and private equity transactions.Under his direction, Capstone Advisors has been an equity investor in over $2 billion of residential development ventures, purchased five million square feet of commercial properties, overseen third party asset management services for millions of square feet of retail and office properties, and has developed a variety of commercial properties.Mr. Zikakis holds a Masters in Business Administration from Cornell University and a Bachelor of Arts degree in finance from the University of Colorado in Boulder. He is a member of the Building Industry Association, the International Council of Shopping Centers, the National Association of Industrial and Office Properties and the Urban Land Institute. He has served on advisory board positions at Cornell University and the University of Colorado, and is currently on the advisory board of the University of San Diego. Mr. Zikakis was awarded the 2005 Ernst & Young Entrepreneur of the Year award for real estate and financial services. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode explores the developing trend of converting hotels into new multifamily properties with Ryan Bodine and Kishan Gohel of NewGen Advisory.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Ryan and Kishan to cover the current landscape of hospitality-to-multifamily conversions, where opportunities lie in waiting, how public and nonprofit entities are helping drive more affordable housing, and much more. Their wide-ranging conversation includes:Introductions and early steps along their CRE career pathsKey mentors and important lessons learned that set them up for future success.The importance of treating each client as a unique case, being able to pivot,  and how to create meaningful value in business relationshipsWhat makes hotels such well-positioned assets for conversions and adaptive reuseWhere investors are currently focusing from a market and growth perspective on adapting hotelsWhat goes into the conversion process and how to evaluate whether an asset fits the criteria for a good conversion projectComparing potential upsides and challenges when converting hotels to multifamily or other adaptive reuseIncentives for pursuing hotel conversions, including tax credits and other funding opportunitiesThe most important advice investors should consider when evaluating a hotel conversion.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Ryan Bodine:As SVP at NewGen, Ryan Bodine primarily focuses on representing and identifying hospitality investment opportunities nationwide for his domestic and international partners.Before NewGen, Ryan sourced foreign direct investment for Green Card Fund, an EB-5 Invest to Immigrate Regional Center, worked as an Executive Consultant for an education reform organization, and owned an international promotional product company.Ryan attended college at the University of Hawaii at Manoa, Roehampton University in London, and finished his degree in International Business from Arizona State University, graduating Summa Cum Laude.He is a member of the Asian American Hotel Owners Association, Arizona Lodging Tourism Association, Urban Land Institute, Arizona Association of Economic Development, the Greater Phoenix Economic Council, the Phoenix Committee on Foreign Relations, and the Global Shapers Phoenix HUB Community.About Kishan Gohel:Kishan is a W. P. Carey School of Business graduate at Arizona State University. He brings a wealth of business management knowledge from being around a hard-working family that owned various businesses while growing up.Kishan has spent much time in hotel brokerage curating new relationships and building existing client friendships. He has extensive experience in market research, which sets him apart when he secures a buyer for his listings and helps his clients find the next business opportunity. When the world endured the pandemic in 2020, travel demand fell, and the need for affordable housing increased. With government relief funds distributed through multiple channels, Kishan and his partners saw an opportunity to help clients sell their hotels as a conversion to an alternative use. He has successfully assisted non-profit organizations and investors to convert hotels to market-rate apartments, affordable/transitional housing, and behavioral health.In his spare time, he enjoys spending time with his family, going to car shows, and being outdoors in Arizona's beautiful 300+ days of sunshine. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode examines multifamily market shifts in the Midwest and beyond with Chicago-based investor Drew Breneman, Founder of Breneman Capital.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Drew to discuss entrepreneurial lessons learned, creating a self-sufficient investment firm, and the current state of the multifamily sector in Chicago and beyond. Their wide-ranging conversation includes:Introductions, early entrepreneurial experiences, and key lessons.Investing in a first duplex and catching the real estate bug.Lessons learned early on and favorite mistakes.Breneman Capital’s unique multifamily investing ethos and what sets them apart from other firms.Modeling acquisition strategies on NCAA bracket prediction tools and using 900+ variables for higher accuracy predictive analytics.The skills and growth needed to scale from conducting $3M deals to $30M+ deals.Finding the best property managers and setting up the best self-sufficiency processes.Discussions on the current state of the market and multifamily in the Midwest vs. nationally.How Breneman Capital is navigating transaction velocity and sourcing capital amid a lending crunch.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Drew Breneman:A natural-born entrepreneur, Drew started his first business at 14. He then launched a highly-successful internet business while in high school. His ambition to find the best investment vehicle for his earnings from his internet business led him to real estate, purchasing his first two rental properties at 19 years old. His drive attracted the attention of HGTV, where Drew was featured as an up-and-coming real estate investor. He wanted to share what he had learned and aspired to provide others direct real estate ownership opportunities. Drew earned his BBA in Real Estate & Urban Land Economics from the University of Wisconsin-Madison's Wisconsin School of Business — one of the top real estate programs in the nation. Upon graduation, he worked for three national real estate development firms, each focusing on different product types, affording him a broad knowledge base for the office, retail, market-rate multifamily, and affordable multifamily sectors.In 2005, he founded Breneman Capital, specializing and expanding their presence in value-add multifamily in Chicago, Phoenix, Dallas, and Austin over the last several years.  If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode examines single-family portfolios and build-to-rent projects with Doug Faron, Founder & Managing Partner at Shoreham Capital.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Doug to cover all things residential real estate, including markets of interest, the impact of wider demographic and consumer trends on the sector, and key lessons learned navigating his investment firm through market cycles. Their wide-ranging conversation includes:Introductions, early career path, and key mentorsImportant lessons learned, evaluating deals as individuals, and understanding the nitty gritty of each market early on as an investor.The origins of Shoreham Capital and how the team sets itself apart from other investment firms.Current investment projects and righting the ship amidst uncertain economic conditions and rising cost of capital.Key trends to watch headed into 2024 The importance of prioritizing high-accuracy and facile data tools for making investment decisions.Primary challenges and opportunities in being a multifamily investor in today’s market.Rapid fire questions and sign-offsAnd much more!Prefer video? The episode also lives on our Youtube page:About Doug Faron:Doug Faron is a real estate leader and skilled dealmaker specializing in sourcing, capitalizing, structuring, and executing debt and equity transactions throughout the United States. With nearly two decades of experience, Doug has overseen over $10 billion of real estate investments and developments across asset classes and the capital stack. Throughout his career, Doug has successfully executed the investment, development, and management of residential, retail, hotel, office, and mixed-use assets in major markets, including New York City, Los Angeles, Miami, and Washington D.C.As Co-founder and Managing Partner at Shoreham Capital, Doug oversees all aspects of the firm, including the acquisition, capitalization, development, and management of their projects. With his extensive quantitative and strategic analysis background across various transaction types, Doug helps Shoreham target high-quality real estate investments that deliver superior risk-adjusted returns for investors. Before Shoreham, Doug spent ten years at the CIM Group, a $35 billion AUM Real Estate Private Equity firm, working as Managing Director, and overseeing the firm's East Coast investment platform. Prior to CIM, Doug worked in Corporate Private Equity for LNK Partners, and in Investment Banking in the Mergers and Acquisition Group at Deutsche Bank based in New York City. Doug is an active member of ULI, NMHC, NAIOP, and ICSC and is a longtime supporter of the Harlem Lacrosse Program in New York City and Los Angeles. Doug graduated from Brown University with a dual concentration in international relations and economics and received his MBA from Northwestern University's Kellogg School of Management. He resides in Palm Beach, Florida, with his wife, Barbara, and two children, Madeline and Jack. About Crexi:Crexi is transforming commercial real estate with advanced, integrative technology and data analytics designed to accelerate every CRE stakeholder’s success. From trading properties to machine-learning-powered industry Intelligence, Crexi’s intuitive CRE solutions accelerate transaction velocity and have empowered over 2 million monthly users to close $540 billion in deals and market over $5 trillion in property value. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode dives into the complexities and advantages of different real estate investment funds with Matthew Burk, Founder & CEO of Fairway America and Verivest.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Matt to discuss his background across dozens of real estate investment vehicles, such as syndications and Reg D pooled investment funds, the pros and cons of different options, and the current state of the CRE investment market.  Their wide-ranging conversation includes:Introductions, early career path, and key mentorsDeveloping the skills to transition to different acquisition types, fund types, and investment markets Key mentors and lessons learned from personal relationships and through podcasts, books, and educationThe basics of pooled investment funds, the necessities required to get started, and understanding the pros and cons.The importance of aligning investment theses and assembling the right team for a particular fund.Immediate red flags to watch out for in potential CRE investment fundsA 360-overview of the state of the commercial real estate marketThoughts on the CRE debt market and lender sentiment amid rising ratesAreas of hidden opportunity and interesting strategies observedRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Matthew Burk:Matt Burk is a seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven (11) real estate asset-based Reg D pooled investment funds over 30+ years. He's also worked as a discretionary underwriter/approval authority of thousands of real estate asset-based investments with a total asset value in the billions, including pooled investment funds, real estate secured loans, syndications, participations, GP and LP equity interests, and more. As a real estate asset-based 506 Regulation D pooled investment fund expert, Matt has played lead roles in advising on the architecture and creation of hundreds of discretionary pooled funds for hundreds of sponsors, private lenders, and managers across multiple real estate strategies and asset types including debt, equity, GP co-invest, multifamily, office, industrial, retail, self-storage, hospitality, residential, construction, value-add, mortgage pools, distressed debt acquisition, tax lien certificates, single-family rental fix-n-flip, B2R, and more. Matt is also the author of "Capital Attraction: The Small Balance Real Estate Entrepreneur's Essential Guide to Raising Capital" and the host of "Fundamentals with Matt Burk"  If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode explores the investment landscape and fundamentals of car wash assets with Edward Otocka of NNN Pro Group.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Ashley Kobovitch sits with Edward to discuss all things car wash, including asset class fundamentals, current transaction activity, and what broader macroeconomic factors mean for the NNN sector. Their wide-ranging conversation includes:Introductions, early career path, and key mentorsThe importance of maintaining a beginner’s mindset and the discipline of daily habits as a brokerFavorite transactions and what made these deals unique The fundamentals of the car wash sector and what potential investors need to know to find a good dealImportant trends and changes in the net-lease car wash space over the last 5-10 years and what to watch moving forward.Car wash performance across Class A vs. Class B and different markets and shifts in deal velocityA 30,000-foot overview of the car wash sector today amid macroeconomic factors, differences among markets, and other variablesRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Edward Otocka:Edward Otocka is a Senior Managing Director, Private Equity Specialist with the NNN Pro Group, one of the top-performing net-lease brokerage teams in the country. Eddie joined the NNN Pro Group in 2011 and works in the Institutional Coverage Group. His expertise is in sale-leaseback, build-to-suit, and structured equity debt transactions on behalf of private equity funds, national retail, industrial, and medical tenants, REITs, and net lease funds. Eddie has closed over $6.0 billion in transactions during his career, including over $3.0 billion over the last four years. Before working with the NNN Pro Group, Eddie began his professional career in the Sales and Trading departments at UBS AG and Credit Suisse. He is a Franklin & Marshall College graduate and resides in Duxbury, Massachusetts, with his wife and two daughters. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This is ReConversations, a special interview with Rob Walters, Owner and Principal at Quattro Development, live from ICSC ReCon 2023.ReConversations is an exclusive mini-series of The Crexi Podcast, an insider’s look at all things commercial real estate, powered by NNN Pro Group.The Crexi team visited ICSC ReCon LIVE in Las Vegas from the floor of the convention center at the NNN Pro Group’s booth. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi’s Yannis Papadakis sits with Rob to cover wide-ranging topics, including:Introductions, early career moves, and why go into developmentKey mentors, lessons learned, and importance of putting the tenants firstFinding the right retail clients, prioritizing creativity, and cultivating an investment ethos for successThoughts on the current retail landscape and development challengesThe impact of rising construction and amenities costs on tenant rents and managing pricing expectationsRapid fire questions and sign-offsAnd much more!A special shout out and thanks to our friends at the NNN Pro Group, the market leading net lease investment sales and advisory team who is making this podcast series possible. NNN Pro Group has completed over $30 billion in net lease sales and is one of the largest sale-leaseback advisors in the country. To learn more about their team and services, you can visit their website.If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out our blog, Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately start browsing hundreds of thousands of available commercial properties.Follow Crexi: WebsiteInstagram ​ Facebook​ TwitterLinkedinYoutubeAbout Rob Walters:Rob Walters spent his first three years in the real estate business at InSite Real Estate Development in Oak Brook, IL focused on acquiring land sites for the development and leasing of small-shop retail space. In three years he developed twelve projects in four states. In addition to these developments, he signed leases and built relationships with many retailers including Chipotle, FedEx Kinkos, T-Mobile, Allcare Dental & Dentures, Duckwall-Alco, Sprint, Potbelly Sandwich Works, and Starbucks.Rob left InSite in April of 2007 to start Astro Real Estate Development which was the precursor to Quattro Development L.L.C., his current venture that is solely focused on small-shop retail build-to-suit projects nationwide. Quattro endeavors to be the premier developer of small-shop retail space in the country. Rob graduated from the University of Illinois Urbana-Champaign’s College of Business with a Finance degree.Rob also served in the National Guard as an officer and is currently active as a founder of First Chance, a not for profit organization that sends lower income, inner-city high school students on study and volunteer abroad opportunities. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This is ReConversations, a special interview with Joe DosReis, Senior Vice President of GEMCAP Development, live from ICSC ReCon 2023.ReConversations is an exclusive mini-series of The Crexi Podcast, an insider’s look at all things commercial real estate, powered by NNN Pro Group.The Crexi team visited ICSC ReCon LIVE in Las Vegas from the floor of the convention center at the NNN Pro Group’s booth. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi’s Yannis Papadakis sits with Joe to cover wide-ranging topics, including:Introductions and early career movesKey mentors, lessons learned, and why “no deal is worth dying for”Current trends in retail space and the impact of financing on the sectorHow past market cycles apply to todayChallenges the market faces today, such as the bid-ask gap between the increased construction costs of build-to-suits and what tenants are expecting to pay in rentSeeking big opportunities in office’s current headwinds, if you know where to lookThoughts on the rise of technology and AI in the CRE spaceRapid fire questions and sign-offsAnd much more!A special shout out and thanks to our friends at the NNN Pro Group, the market leading net lease investment sales and advisory team who is making this podcast series possible. NNN Pro Group has completed over $30 billion in net lease sales and is one of the largest sale-leaseback advisors in the country. To learn more about their team and services, you can visit their website.If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out our blog, Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately start browsing hundreds of thousands of available commercial properties.Follow Crexi: WebsiteInstagram ​ Facebook​ TwitterLinkedinYoutube About Joe DosReis:Joe DosReis has over 22 years of experience in the commercial real estate industry. Joe began his career as an account executive for an investment properties team at CBRE, where he served 12 years in various capacities, including investment properties, retail leasing and Global Corporate Services divisions. Following his time with CBRE, Joe made the transition to the occupier side of the business when he joined Krispy Kreme as a Real Estate Manager and led new store development efforts and existing store lease re-negotiations for the brand. This was followed by his time as the Director of Real Estate at Bojangles where he lead a team of real estate professionals overseeing all franchise and corporate new store development, existing store lease optimization effortsJoe earned a Bachelor of Science in Social Science from California State University, Fresno and a Juris Doctor from the University of the Pacific, McGeorge School of Law. Joe is a proud military veteran where he served as a Combat Engineer for the U.S Army. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This episode covers everything to know about today’s hospitality market with Jigar “Jay” Desai and King Jeremiah of NewGen Advisory. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis dives deep with Jigar and King about all aspects of the hospitality sector, ranging from current investment trends and franchising to what opportunities are worth investigating heading into 2024. Their wide-ranging conversation includes:Introductions and early career path movesKey mentors, lessons learned, and clarifying expectations in transactionsDaily habits, the importance of responsiveness, and nourishing relationshipsWhat makes hospitality unique from other asset classes and how to find opportunitiesKey evolutions in hospitality in the last 5-10 years, including technological advancements and shifting desired guest experiencesHow hospitality is slowly gaining favor after disruption from AirBnb, VRBO, and other lodging startupsThe basics, opportunities, and drawbacks of hotel franchising and what prospective owners need to knowA 30,000-foot overview of the hospitality sector today amid macroeconomic factors, differences among markets, and other variablesShifts in transaction velocity, who’s entering/exiting the hospitality space today, and rising seller-financingHow tech such as AI and other innovations are transforming the hospitality sectorRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Jigar “Jay” Desai:Jigar "Jay" Desai joined the NewGen Advisory team of Arizona in 2017. He is focused throughout the Southwestern regions of Texas to California, assisting clients with all their hotel and lodging transactional needs. Before joining the NewGen team, Jay was immersed in the financing and lending world with a large national bank, giving him a unique view into the lending world and providing the connections that allowed his clients to seek out financing for even the most challenging assets.Jigar graduated from the University of Arizona in 2011, attaining a dual degree from Eller College of Management in Finance and Real Estate. Jigar is a member and ambassador for the Asian American Hotel Owners Association (AAHOA) and holds certifications for Choice Hotels and Best Western and owns a few hotels himself. He has been in the hotel industry since the age of 9 working alongside his parents learning all sides of operations. About King Jeremiah:King Jeremiah brings more than 30 years of experience in the hotel business to the NewGen Advisory team in Arizona. He has a passion for hospitality, service, and a global perspective based on his work with hoteliers across the United States and more than 80 countries.King began his career in hospitality in his home country of Grenada, in the Caribbean. During his years at Berea College in Kentucky, he coupled his studies in Business Administration & Hotel Management with practical work experience at the historic Boone Tavern Hotel. After graduating with his Master's degree from Eastern Kentucky University, King continued as General Manager and Sales Director for many hotels in Kentucky. Starting in 2000, King joined Best Western Hotels and Resorts, where he held key corporate positions in Consulting, Branding, Training, and Quality Assurance for over 4000 hotels.Throughout his career, King has received many industry-leading designations, which include Certified Hotel Administrator (CHA), Certified Hospitality Trainer (CHT), and Certification in Hotel Industry Analytics (CHIA). He is also actively involved in the hospitality industry as a member of the National Association of Black Hotel Owners Operators and Developers (NABHOOD), Asian American Hotel Owners Association (AAHOA), and the Latino Hotel Association (LHA). If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

This is ReConversations, a special interview with Rod Pickney, Senior VP of Acquisitions at Broadstone, live from ICSC ReCon 2023.ReConversations is an exclusive mini-series of The Crexi Podcast, an insider’s look at all things commercial real estate, powered by NNN Pro Group.The Crexi team visited ICSC ReCon LIVE in Las Vegas from the floor of the convention center at the NNN Pro Group’s booth. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi’s Yannis Papadakis sits with Rod to cover wide-ranging topics, including:Introductions and early career movesDay-to-day insights and strategies in managing acquisitions for a diversified REITKey mentors, lessons learned, and favorite mistakesCurrent trends in retail space and impact of disruption from industry & macroeconomic factorsEmergent opportunities and potential upsideRapid fire questions and sign-offsAnd much more!A special shout out and thanks to our friends at the NNN Pro Group, the market leading net lease investment sales and advisory team who is making this podcast series possible. NNN Pro Group has completed over $30 billion in net lease sales and is one of the largest sale-leaseback advisors in the country. To learn more about their team and services, you can visit their website.If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out our blog, Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately start browsing hundreds of thousands of available commercial property.Follow Crexi: WebsiteInstagram ​ Facebook​ TwitterLinkedinYoutubeAbout Rod Pickney:Rod Pickney is Senior VP of Acquisitions at Broadstone, an internally-managed real estate investment trust (“REIT”) that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi