Tangent 💚 Proptech

Daniel Dorfman is the Co-founder at Roots, an Atlanta-based company aiming to help 1 million people create wealth through residential real estate investing and their innovative ''Rent it like you own it'' program. 💚Learn more:➡️Roots (site) - The real estate portfolio that creates wealth for you and its Residents💚Feature:➡️Dottid (book a demo) - The single source of truth for your CRE asset management 💚Connect with Tangent:➡️Edward Cohen on Twitter➡️Edward Cohen on LinkedIn➡️Jeff Berman on LinkedIn➡️Zach Aarons on Twitter➡️Tangent on LinkedIn➡️Tangent on Twitter(1:53) - Roots' pitch: Turning renters into investors(3:59) - Roots' investors, assets & strategy (6:51) - Tangent Glossary: Reg A REITs(9:00) - Rent pricing strategy & planning fund reserves(13:32) - Roots' company growth, rent growth & CoC(16:19) - Renter incentives: Rent a home like you own it(18:45) - Feature - Dottid: All-in-one commercial real estate asset management platform(21:07) - Scaling in Atlanta market and beyond(22:22) - Real Estate fund type and structure(25:29) - Jeff's lesson for Proptech founders: to raise VC or not to(26:43) - Trading lower CoC yield for higher appreciation & financial empowerment(28:53) - Secret sauce(32:55) - Discomfort Zone: Building resident trust (35:07) - Resident community gamification & creating network effects (38:26) - Collaboration Superpower: Public-private partnerships, Multifamily REIT's & Mel Brunson Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Mike Sroka, CEO and Co-founder of Dealpath, a leading cloud-based software platform for commercial real estate investment and development teams, including Blackstone, Nuveen, Oxford Properties and L+M. Mike currently also contributes to Forbes' Real Estate Council, and previously worked as a PM at Zynga. Edward & Jeff are joined by friend of Tangent Zach Aarons (GP & Co-founder at MetaProp).(1:35) - Future of Cities: San Francisco(5:07) - Signature Bank's and regional banks' impact on commercial real estate(12:34) - Tangent Glossary: NY's Local Law 97's site(13:52) - Bright side of CRE: Industrial, Logistics & Manufacturing in Latin America & emerging markets(16:46) - Dealpath's and Mike's origin entrepreneurial story(20:09) - Feature - KODA: Minimalist luxury living in a spaciously sustainable house(21:07) - Dealpath's value propositions(26:16) - Dealpath's 'killer' product(28:21) - Proptech adoption & displacing legacy real estate systems(33:27) - The Impact & Opportunities of Generative AI in Real Estate (MetaProp's White Paper)(40:27) - Discomfort Zone: Stanley Druckenmiller's inflation predictionLearn more:💚 Dealpath's siteFeature:💚KODA's siteConnect with Tangent:💚 Edward Cohen on Twitter💚 Edward Cohen on LinkedIn💚 Jeff Berman on LinkedIn💚 Zach Aarons on Twitter💚 Tangent on LinkedIn💚 Tangent on Twitter

Sukesh Shekar is the CEO & Founder at Altgage, the Google search of mortgages, bringing simply affordable mortgages to home buyers. . Sukesh believes in the American dream of homeownership. However, mortgages are more unaffordable than ever and most mortgage processes lack transparency. Altgage makes home buying more affordable with smart mortgages that build wealth over time.💚 Learn more:➡️ Altgage's website - Mortgage deals that make home buying affordable. ➡️ Sukesh Shekar on LinkedIn💚 Feature:➡️ Parking Reform Network (website) - Education about the impact of parking policy on climate change, equity, housing, and traffic. 💚 Connect with Tangent:➡️ Edward Cohen on Twitter➡️ Edward Cohen on LinkedIn➡️ Jeff Berman on LinkedIn➡️ Zach Aarons on Twitter➡️ Tangent on LinkedIn➡️ Tangent on Twitter(1:54) - Building the Google search for affordable mortgages(7:23) - Demystifying mortgage brokers compensation(12:17) - Feature: Parking Reform Network (website) - Education about the impact of parking policy on climate change, equity, housing, and traffic.(13:26) - Tangent glossary: mortgage originators, mortgage brokers, 'shop for your rates', market rate dispersion, PMI, cost of capital, UWM, mortgage origination.(18:05) - Lack of transparency, many middlemen, too much fat(18:57) - Numbers vs. existential issues for VC's(19:40) - Renting vs. owning a home(30:53) - Altgage's scale, repeatability & protectable IP(33:45) - Mortgage startups performance(33:57) - Altgage's innovative mortgage search(37:50) - Altgage's teamDisclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Hosts Edward and Jeffrey are joined by MetaProp Co-founder & GP Zach Aarons, and special guest Brad Hargreaves, Founder and Chairman at Common and contributor to Thesis Driven, to discuss Silicon Valley Bank's and Signature Bank's unraveling and it's potential implications on Proptech, commercial real estate and VC investing.(2:05) - SVB's fallout timeline(7:13) - Advise for Proptech founders & teams banking with SVB(11:27) - Impact to investor sentiment(13:42) - Feature: HAC - Housing Assistance Council, helping build homes & communities across rural America (learn more)(14:50) - How can companies handle SVB's covenants(19:10) - Fed's options & their impact on commercial real estate(23:30) - Bank runs in the era of social media(25:55) - Buying low-yield bonds and 4 cap CRE buyers(28:50) - Brad's experience at Common choosing between Triple Point & SVB(33:50) - Opportunities ahead(36:53) - How can Proptech deliver innovation & adoption growing forwardLearn more:💚Brad Hargreaves on Twitter💚Thesis Driven blog - Subscribe💚Zach Aarons on Twitter💚MetaProp's websiteFeature:💚HAC - Housing Assistance Council, helping build homes & communities across rural America - WebsiteConnect with Tangent:💚Edward Cohen on Twitter💚Edward Cohen on LinkedIn💚Jeff Berman on LinkedIn💚Tangent on LinkedIn💚Tangent on Twitter

Nick Romito is the CEO and Founder of VTS, Commercial Real Estate's leading leasing and asset management platform. Under his leadership, VTS has grown to more than 60% of Class A office space in the US and over 12 billion square feet of office, retail, and industrial is managed through the VTS platform globally.(1:23) - State of the Office market(7:20) - Office space in the hybrid work era(11:55) - CRE debt maturity(13:37) - Feature: Raccord - Collect, organize and use CRE data seamlessly (15:46) - How will CRE owners and operators evolve (23:23) - How will CRE tenant experience evolve(25:56) - VTS's present and future(29:30) - Future of Cities: NYC(36:14) - Discomfort Zone: Remote workLearn more:💚VTS Office Demand Index February 2023 (report)💚VTS (website)Feature:💚Raccord (website) - Collect, access and utilize commercial real estate data instantlyConnect with Tangent:💚Edward Cohen on Twitter💚Edward Cohen on LinkedIn💚Jeff Berman on LinkedIn💚Tangent on LinkedIn💚Tangent on Twitter

Kevin Ortner is the President of Appreciate Holdings and CEO of its operating arm Renters Warehouse. Kevin Ortner is the author of Rent Estate Revolution: Today's Key to Retirement Security, Financial Freedom & the New American Dream. (1:24) - State of the SFR market(4:36) - Strategies for institutional and retail SFR investors (8:43) - Starting an SFR property mgmt. company(13:56) - How to build a vertically integrated real estate tech stack(18:48) - Feature: Lendai - US Mortgage for Foreign Investors (Apply here today)  (20:25) - Residential Real Estate data sources (25:28) - Property condition and appraisals(27:40) - Appreciate's SPAC(30:23) - Solving the housing supply and affordability crisis(36:23) - Get rich slow: Owning rentals and the New American dream(40:45) - Future of Cities: Minneapolis, MN(42:35) - Discomfort Zone: Hybrid work Learn more:💚Kevin Ortner on LinkedIn💚Appreciate's website💚Rent Estate Revolution by Kevin Ortner (on Amazon) Feature:💚Lendai - US Mortgage for Foreign Investors (Apply here today)Connect with Tangent:💚Edward Cohen on Twitter💚Edward Cohen on LinkedIn💚Jeff Berman on LinkedIn💚Tangent on LinkedIn💚Tangent on Twitter

Jason Fudin is the CEO and Co-Founder of Placemakr. Placemakr is a tech-enabled real estate and finance optimization platform that partners with developers, property operators, and investors to curate a collection of apartment-like spaces in selected neighborhoods. Their buildings range from brand-new apartments as they’re leasing up to established apartments looking to maximize their value. Jason previously led commercial developments at Vornado Realty.(1:19) - Placemakr's origin story(2:56) - Pop-up hotels (9:16) - Feature: Prophia - Access validated commercial real estate data in real-time (10:34) - Blending Hospitality and Multifamily(13:42) - Asset-light vs. asset-heavy approach(15:56) - Flexible residential buildings with commingled uses(19:45) - Navigating city regulations and incentives(23:24) - Office to housing conversions(27:47) - Future of Cities - Washington DC, a tale of two cities(28:59) - Discomfort Zone - Building the right team and tech adoption in slow real estate Learn more:💚Jason Fudin on LinkedIn💚Placemakr's website💚Job openings at Placemakr (link)💚Placemakr on LinkedInFeature:💚Prophia (website) - Access validated commercial real estate data in real-timeConnect with Tangent:💚Edward Cohen on Twitter💚Jeff Berman on LinkedIn💚Tangent on LinkedIn💚Tangent on Twitter

Noah Isaacs is Co-founder and Co-CEO at Bowery Valuation, a commercial real estate appraisal firm that is powering the best-in-class appraisers to help them appraise smarter and faster. Before co-founding Bowery, Noah worked for BBG, valuing over $2.5B worth of commercial real estate in New York. Noah graduated from McGill University with a major in Statistics and a double minor in Operations Management and Labor-Management Relations. He has on multiple occasions lectured at Columbia University, with a primary focus on Proptech and the future of real estate.(1:36) - State of the Commercial Real Estate market(8:38) - What's wrong with Commercial Real Estate appraisals?(13:22) - How Bowery Valuation solves collaboration issues during the appraisal process(15:56) - Feature - Transform Your City: Create urban spaces that lead to safer, healthier, and greener streets and cities.(17:17) - The future of Commercial Real Estate appraisal tech: Bowery Valuation's client-facing platform(21:16) - The 5-day Commercial loan vision(22:39) - New data sources for appraisals: tenant space usage and carbon emissions. (24:40) - The state of Office: are appraisers considering conversions or alternative highest and best uses?(28:24) - Bowery Valuation's fundraising journey: from MetaProp to Camber Creek to Goldman Sachs(39:56) - Benefits of having a strategically diverse investor stack - LeFrak, Capital One, Alpaca VC, Goldman Sachs, MetaProp, Camber Creek(42:46) - Future of Cities: What's one aspect of NYC Noah would choose to improve?(43:24) - Discomfort Zone: How Noah has adapted his leadership approach to empower Bowery's teamLearn More:💚Bowery Valuation's websiteFeatured:💚Transform Your City (website): AI-generated urban spaces to create to safer, healthier, and greener streets and cities. -To donate and support Transform Your City -> Donate nowConnect with Tangent:💚Edward Cohen on Twitter💚Jeff Berman on LinkedIn💚Zach Aarons on Twitter💚Tangent on LinkedIn💚Tangent on Twitter

Learn More:💚Peak Power's website💚Peak Power on Twitter (@peakpower_inc)💚Peak Power on LinkedInImran Noorani is the Chief Strategy Officer and Co-founder at Peak Power, a Canadian company that is putting commercial and industrial buildings at the center of the clean energy revolution.Featured:💚Virtuance (website): Real Estate Photography & 3D Tours at Scale💚Tangent on LinkedIn💚Tangent on Twitter💚Edward Cohen on Twitter(1:38) - Imran Noorani's background: from charging a Gameboy to powering commercial real estate(4:18) - What's the problem with our current building's energy infrastructure and grid system(8:10) - What economic, environmental and social benefits can commercial real estate owners unlock with Peak Power(14:25) - Feature: Virtuance - Real Estate Photography & 3D Tours Technology at Scale (15:34) - What commercial and industrial real estate asset types work best with Peak Power(18:17) - How are buildings generating carbon emissions and polluting the environment(20:47) - Prioritizing innovation within the ESG framework(24:31) - How to finance and find the right partners for a clean energy building retrofit(30:22) - What can cities learn from Canada's innovation ecosystem?(34:51) - Future of Cities: What would Imran change about Toronto?(36:20) - Discomfort Zone: Applying diversity across everything we do

Zach Aarons has been working at the intersection of real estate and venture capital for the past decade. Zach is the most active early-stage PropTech investor in the United States, having funded over 60 startups in the space as an individual and 150 startups through MetaProp NYC’s venture capital funds. Zach also teaches Real Estate at Columbia Grad School and is a published author with his book Proptech 101. Zach has also worked on large scale mixed-use development projects in cities like Boston and Los Angeles with Millennium Partners.Learn More:💚Zach Aarons on Twitter💚MetaProp's website💚Zach's book Proptech 101Featured:💚Market Stadium (site): Optimize Your Real Estate Market Due DiligenceOther Resources:💚Think Again by Adam GrantConnect with Tangent:💚Edward Cohen on Twitter💚Jeff Berman on LinkedIn💚Tangent on LinkedIn💚Tangent on Twitter