The Best Ever CRE Show

Justin Burke, Managing Partner at VitaCare Living, shares insights from his remarkable journey transitioning from college football coaching to overseeing a 24-property senior care operation. He discusses the booming demand for assisted living due to the aging baby boomer demographic and the unique economic aspects of this investment class. Justin emphasizes the significance of strong company culture and leadership in attracting talent and achieving profitability, while also addressing the operational challenges of managing assisted living properties.

Ash Patel, a full-time commercial real estate investor and podcast host, shares his journey from self-funding to successfully raising capital. He emphasizes the importance of authenticity in marketing and building genuine investor relationships. Discussing innovative real estate strategies, Ash critiques the multifamily sector, advocating for transparency and differentiation in a crowded market. He highlights the power of personal storytelling and effective communication, especially on social media, to foster trust and attract investors. Ash’s insights combine experience with a fresh perspective.

John Chang, a seasoned real estate investor and head of research at Marcus and Millichap, shares insights on the latest in commercial real estate. He emphasizes the importance of transaction velocity over dollar volume, demystifying current sales trends, particularly in multifamily and retail markets. Chang discusses nuanced cap rate trends, revealing how quality shifts influence market perception. He predicts 2025 could present a prime buying opportunity, thanks to stable interest rates and favorable tax conditions, making it an enticing time for investors.

Chris Streit, a tax strategist and founder of CSAP, shares invaluable insights on navigating complex tax strategies for real estate investors. He discusses cost segregation and 1245 exchanges, revealing how they can unlock substantial cash savings while mitigating depreciation recapture. Chris highlights a real-world example where a client saved $1.5M on a multifamily deal. He also covers overlooked tactics like partial asset dispositions and proactive planning that align with recent tax law changes, emphasizing the critical role of expert guidance in maximizing returns.

Patrick Grimes, Founder and CEO of Passive Investing Mastery, shares his fascinating journey from robotics engineer to savvy investor. He reflects on his early missteps during the 2008 crash and how they shaped his focus on recession-resilient markets. Patrick discusses the advantages of diversifying into non-correlated assets like litigation finance, funding significant legal cases for impactful returns. He emphasizes the importance of cash flow dynamics and creative solutions in uncertain economic times, advocating for a resilient investment portfolio.

In this insightful discussion, Tyler Krengle, Head of Asset Management at Rockfish Capital, shares his journey from Banyan Equity to leading operations in partnership with a German sponsor. He highlights the critical differences between third-party and vertically integrated property management, revealing potential risks related to misaligned incentives. Tyler emphasizes the importance of early property management involvement in underwriting, navigating construction oversight, and understanding the human elements that drive successful operations, alongside essential due diligence tips for investors.

On this episode of Beyond Multifamily, Amanda Cruise interviews Derek Vickers, a mobile home park investor who went from zero to over 2,000 lots in just five years. Derek shares how he overcame fear and inexperience to scale quickly, the reasons he focuses on urban one- and two-star parks, and why legal non-conforming zoning is a hidden asset. He dives into the operational and financial strategies behind park-owned home conversions, the importance of systems in scaling, and his shift from syndications to fund management. Derek also unpacks the window of opportunity left in the mobile home park space and why now is the time to go big. Derek Vickers Current Role: CEO at Victory Capital Based in: Florida Say hi to them at: Website: https://vicktorycapital.com LinkedIn: https://www.linkedin.com/in/derek-vickers YouTube & Social: @derekvickers Visit investwithsunrise.com to learn more about investment opportunities. Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Katie Kim, Founder and CEO of The Developer’s Developer, shares her inspiring journey from family fix-and-flips to leading a full-service development firm. She emphasizes the power of collaboration between business owners and municipalities in structuring innovative projects using often-overlooked economic incentives. Katie dives into the significance of urban infill and public-private partnerships in revitalizing communities, showcasing how visual storytelling can generate pre-leasing interest even before construction begins.

Jarrod Joplin, Founding Partner at Common Capital Investing, shares valuable insights from his journey in multifamily investing. He discusses the challenges of capital raising and emphasizes treating it as a business function. The conversation dives into innovative fundraising strategies, enhancing investor engagement, and the significance of strong communication. Joplin also highlights the importance of social media outreach and nurturing relationships with investors, while explaining how their new Fort Worth property maximizes cash flow potential.

Join John Manning, Executive Managing Director at Marcus & Millichap Capital Corporation, as he dives into the evolving world of commercial real estate lending. He reveals how borrower preferences are shifting towards CMBS due to competitive interest rates and attractive non-recourse loans. Manning also discusses the rise of debt funds in bridge financing and predicts a rebound in capital flows if new legislation encourages retirement investments in real estate. It’s a must-listen for anyone looking to navigate the complexities of today’s lending landscape!