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The Best Ever CRE Show

Latest episodes

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Dec 26, 2024 • 28min

JF3766: How Luxury Rooftop Amenities Drive 20¢/SF Higher Rents & Why Deep-Pocketed Developers Keep Building ft. Brandon Reed

In this episode of The Best Ever CRE Show, Slocomb Reed interviews Brandon Reed, founder and chief visionary officer of Loft Six Four, a boutique firm specializing in rooftop amenities for large apartment complexes. Brandon shares insights from his landscape architecture background and how his firm has evolved to focus on creating immersive outdoor experiences that drive property value. Despite the current narrative of development slowdown, Brandon reveals they handle 30-50 projects annually, though this represents a 50% drop from peak levels. He notes that development continues in markets like Dallas and Utah, primarily driven by well-capitalized developers with deep pockets or family offices who can weather high interest rates. Brandon explains that properly designed amenities can generate an additional 10-20 cents per square foot per month in rent and help maintain high occupancy rates. The conversation explores trends in amenity design, with a focus on creating hospitality-like experiences that foster community and justify premium rents. Brandon emphasizes that while individual amenities like pools and fire pits are important, the key is creating cohesive outdoor living spaces that become talking points and drive resident retention.Brandon Reed | Real Estate Background Founder and Chief Visionary Officer of Loft Six Four Based in: Salt Lake City, Utah Say hi to them at: LinkedIn LoftSixFour.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 25, 2024 • 41min

JF3765: Why This $100M Portfolio Owner Says Parking Lots Are The Ultimate Location Play ft. Brian Spear

Amanda Cruise and Ash Patel interview Brian Spear, principal and co-founder of Sunrise Capital Investors. Brian shares his journey from living in a mobile home park at age 10 to building a portfolio of over 20 mobile home parks and $100 million in parking facilities across 14 states. The conversation explores how Sunrise transitioned from a fix-and-flip model to a long-term hold strategy, with Brian explaining their focus on returning capital quickly through refinancing while maintaining infinite cash-on-cash returns. The discussion heats up when Ash challenges the industry trend toward generational holds, leading to a debate about investor liquidity and market timing risks. Brian details their recent acquisition of a parking facility near Charlotte's Spectrum Center, breaking down how they carved out a $31 million parking asset from a $250 million distressed mixed-use property. The episode also covers how technology and dynamic pricing are transforming the parking industry, and why Brian views parking lots as the ultimate "location, location, location" play.Brian Spear | Real Estate Background Principal & Co-Founder Sunrise Capital Investors Based in: Clearwater, FL Say hi to them at: LinkedIn www.SunriseCapitalInvestors.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 24, 2024 • 30min

JF3764: Housing's New Reality: Empty Nesters Stay Put, First-Time Buyers Locked Out, and Build-to-Rent's Big Moment ft. John E Silvia

In this episode of The Horizon with John Chang, John interviews economist John E. Silvia to discuss economic outlook and housing market trends. Silvia shares insights on consumer sentiment improvement and housing affordability challenges, particularly in coastal markets. They explore how high interest rates, construction costs, and labor shortages are impacting housing supply, with Silvia noting significant regional disparities in affordability. The conversation covers rental housing trends, with particular focus on Sun Belt markets experiencing high supply growth but strong absorption. They discuss the emergence of build-to-rent models and alternative housing options like townhouses and condos as solutions to housing shortages. Silvia predicts continued strong housing demand over the next 5-10 years but expects construction to remain in "second gear" relative to historical levels, maintaining the current housing shortage of 3-5 million units.John E Silvia | Real Estate Background CEO and Founder of Dynamic Economic Strategy Based in: Captiva, Florida Say hi to them at: LinkedIn www.johnesilvia.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 23, 2024 • 31min

JF3763: Midwest Multifamily Cash Flow and ‘Big Trouble’ with Bridge Debt ft. Jeff Berlin

In this episode of the Best Ever CRE Show, Jeff Berlin joins host Joe Cornwell to discuss his journey from dentist to real estate investor. Berlin shares how reading "Rich Dad Poor Dad" led him to start investing in real estate, beginning with single-family homes in the Midwest before scaling to multifamily properties. He discusses his experience buying and selling a 30-unit property in Cincinnati and a challenging venture into assisted living facilities in California that taught him valuable lessons about partnerships and staying focused. Berlin emphasizes the importance of specializing in one area of real estate rather than getting distracted by "shiny object syndrome." He also provides insights on current market conditions, noting how broker expectations and underwriting standards have changed over the years, making it more difficult to find cash-flowing properties even in traditionally stable Midwest markets.Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 22, 2024 • 26min

JF3762: Bridge Debt & New Supply: How One DFW Owner is Weathering the Perfect Storm ft. Stephen Lee-Thomas

In this episode of the Best Ever CRE Show, Stephen Lee-Thomas joins host Slocomb Reed to discuss his journey from IT professional to full-time multifamily investor. Lee-Thomas explains how he started as a passive investor in 2017 before transitioning to becoming a GP with a current portfolio of 1,400 units across six properties valued at over $100 million. He focuses on value-add properties in the Dallas-Fort Worth area, where he has experienced both successes and challenges, particularly with properties purchased using bridge debt during the recent interest rate increases. Lee-Thomas shares insights about market cycles, emphasizing that while some properties are currently struggling with debt service, he remains optimistic about future opportunities, especially given the lack of new construction starts and continued population growth in Texas markets. He stresses the importance of choosing the right partners and being prepared for challenging times in multifamily investing.Stephen Lee-Thomas | Real Estate Background Founder of Multifamily Mastery Hub Based in: Fresno, CA Say hi to them at: LinkedIn Multifamily Mastery Hub Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 21, 2024 • 40min

JF3761: The Days of Easy Capital Raising Are Over — Here's How to Adapt ft. Hunter Thompson

In this episode of the Best Ever CRE Show, Hunter Thompson, CEO of RaisingCapital.com and Asym Capital, joins host Ash Patel to discuss capital raising in today's market. Thompson shares how his firm pivoted from raising capital for multiple operators to focusing solely on multifamily investments in Phoenix. He discusses the challenges of capital raising in the current environment, emphasizing that difficult periods often present the best wealth-building opportunities. Thompson provides insights on handling investor relationships during downturns, the evolution of capital raising through LinkedIn and social media, and the importance of maintaining proper legal compliance. He also addresses the education platform he built through RaiseFest and his outlook on Phoenix's multifamily market. Throughout the conversation, Thompson stresses the importance of transparency with investors and building scalable systems for raising capital rather than relying solely on friends and family networks.Hunter Thompson | Real Estate Background CEO of RaisingCapital.com Based in: Los Angeles Say hi to them at: LinkedIn Instagram Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 20, 2024 • 1h 13min

JF3760: Why Failed 1970s Subdivisions Could Be Your Next Gold Mine ft. Mason McDonald & Dan Haberkost

In this episode of the Next Level CRE Show, Dan Haberkost and Mason McDonald join host Matt Faircloth to discuss land development and investment strategies. They explore different approaches from basic lot flips to complex subdivisions, sharing insights on market selection, financing challenges, and working with local municipalities. The pair explain how they find off-market land deals and overcome traditional financing hurdles through creative funding solutions. They discuss opportunities in "failed subdivisions" from past decades that may now have potential due to population growth, while emphasizing the importance of thorough due diligence and understanding local regulations before pursuing land development projects.Mason McDonald & Dan Haberkost | Real Estate Background RM Golden, GroundUp Fund Based in: Colorado Springs, CO Say hi to them at: LinkedIn www.masonrmcdonald.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 19, 2024 • 43min

JF3759: Ex-Banker's Secret to Getting Bank REO Deals and Landing 'Toxic' Assets ft. Sam Morris

In this episode of the Best Ever CRE Show, Sam Morris, CEO of Sunset Capital, joins host Ash Patel to discuss his experience in both multifamily and self-storage investments. Morris leverages his banking background to identify distressed opportunities and work with lenders. He explains how his vertically integrated company focuses on Texas markets, manages properties in-house, and maintains strong relationships with investors. Morris provides insights into the current state of both asset classes, with multifamily experiencing more distress while self-storage remains relatively stable. He also discusses his company's growth strategy, the importance of having strong teams, and his perspective on Federal Reserve policy and market conditions.Sam Morris | Real Estate Background CEO of Sunset Capital Based in: Katy, TX Say hi to them at: www.sunset-capital.com LinkedIn Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 18, 2024 • 21min

JF3758: Capitalizing on Fear, Overplayed Distress, and Strong Data in the Southeast ft. David Moghavem

In this episode of the Best Ever CRE Show, David Moghavem, director of East Coast Acquisitions for Tryon Properties, joins host Slocomb Reed to discuss multifamily investing in the current market. Moghavem details Tryon's recent acquisitions in Orlando and Atlanta, emphasizing their focus on properties with strong in-place cash flow and positive leverage rather than speculative appreciation. He explains how their vertical integration and market knowledge help them identify opportunities, particularly during periods of market uncertainty. The conversation covers Tryon's approach to managing floating rate debt from 2021-2022 acquisitions and the importance of analyzing deals on an untrended basis to protect downside risk.David Moghavem | Real Estate Background Director of Acquisitions at Trion Properties Based in: Miami, FL Say hi to them at: LinkedIn Twitter Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 17, 2024 • 29min

JF3757: Why Smart Money is Betting on Strip Malls ft. Gregg Katz

In this episode of Horizon with John Chang, Gregg Katz discusses retail trends and consumer spending. Katz shares insights on holiday retail sales, consumer debt levels, and the evolving retail landscape. They analyze department store performance, with Nordstrom emerging as a strong performer while others like Macy's and Kohl's show concerning signs. The conversation also covers mall transformations, the success of open-air retail centers, and investment opportunities in retail real estate given limited new construction pipelines. Katz emphasizes the growing importance of catering to aging populations and sees significant runway left in retail investment despite current market caution.Gregg Katz | Real Estate Background Based in: Atlanta, Georgia Say hi to them at: LinkedIn Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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