The Best Ever CRE Show

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!

Cary Clarke, founder of Founders Development Company and expert in multifamily development, shares his journey from working in his father's business to launching a massive apartment project in the DFW area. He reveals how the 2008 financial crisis prompted his shift back to multifamily housing and emphasizes the value of mentorship. Cary discusses strategies for securing land in competitive markets and navigating the complex HUD 221(d)(4) loan process, highlighting the importance of teamwork and community engagement in real estate success.

Gary Jonas, Managing Partner at The HOW Group, shares insights from his transition into real estate development. He emphasizes the importance of transparency, building long-term partnerships, and financial discipline. Gary highlights the need for multiple income streams before diving into real estate and offers tactical advice on structuring partnerships. He discusses the significance of personal dedication and strategic planning while scaling a business and affirms that success largely hinges on clear criteria and effective execution.

Litan Yahav, co-founder and CEO of Vyzer, shares his journey from the diamond industry to becoming a savvy passive investor. He reveals how a big financial exit launched him into real estate syndications and the creation of his investment tracking platform. The conversation dives into the importance of evaluating general partners, the challenges of managing diverse private investments, and how AI enhances transparency in the complex world of investments. Litan also discusses common pitfalls for new investors and the necessity of asking smarter questions for better deals.

Tom Dunkel, Managing Principal at Eagle Capital Investments, shares his inspiring journey from losing his job in 2006 to becoming a successful real estate investor. He discusses hard lessons learned in residential real estate and his pivot to self-storage and private lending. Tom explains his SAFE investing method—focusing on sponsors, assets, financials, and exit strategies. He also highlights the importance of vetting fund managers and emphasizes capital preservation amidst market uncertainties, making real estate investment more accessible and strategic for passive investors.

Jeff Ervick, Managing Partner at Valoris Capital Partners, oversees over $200M in assets and adeptly balances a tech sales career with real estate. He shares insights on evolving from single-family to multifamily investments, emphasizing networking and the role of private credit. Jeff discusses their Florida development strategy, pivoting from heavy value-add projects, and the necessity of underwritten deals to mitigate construction risks. He also highlights how local incentives like Florida’s Live Local Act can enhance investment strategies.