

The Best Ever CRE Show
Joe Fairless
Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world.So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show.Join the Best Ever CommunityThe 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
Episodes
Mentioned books

Mar 19, 2025 • 41min
JF3849: Water Rights, Industrial Development, and Navigating Entitlements in Today’s Market ft. Sean T Flanagan
On this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Sean T Flanagan of Flanagan Real Estate LLC & Hydrosource Inc, from Denver, Colorado. Sean shares insights into industrial real estate development, speculative investments, and the complexities of water rights in the Western U.S. He dives into his current industrial project—a 40,000-square-foot speculative warehouse in a prime Denver location—discussing entitlement challenges, leasing strategies, and the importance of institutional-grade features. Sean also reveals lessons learned in capital raising and how oversharing can sometimes kill deals.Sean T Flanagan
CRE Developer and Water Broker
Based in Denver, CO
Say hi to them at:
Linked
www.hydrosource.net
Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 18, 2025 • 32min
JF3848: Tariff Impact Analysis, Institutional Capital Return, & Market Cycle Positioning in Commercial Real Estate
On this episode of The Horizon, John Chang of Marcus & Millichap and Ben Lapidus discuss how recent economic shifts are creating unique investment opportunities in commercial real estate. They analyze how stock market volatility and new tariff policies are alienating international investors while prompting wealthy Americans to seek alternative investment vehicles. John shares insights from institutional players who are beginning to deploy capital into multifamily properties despite negative leverage, betting on future rent growth rather than immediate interest rate cuts. The conversation highlights why periods of elevated cap rates have historically proven to be excellent entry points for investors, and why commercial real estate remains attractive in uncertain times. Ben also discusses his innovative garage condo development project that's already 60% pre-sold, demonstrating how targeting affluent consumers with specialized real estate products can yield substantial returns even in challenging economic climates.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 17, 2025 • 27min
JF3847: Fund Structure Flexibility, Multifamily Acquisition Strategy, & Strategic Market Selection ft. Percy Nikora
On this episode of the Best Ever CRE Show, Joe Fairless interviews Percy Nikora, co-founder of Penn Capital, which manages approximately $230 million in multifamily assets. Percy shares insights on their hybrid capital-raising approach, offering both fund and individual deal investment options to accommodate different investor preferences. He explains how they've executed 12 syndications and recently launched a $50 million fund that has already acquired three properties with about $20 million in equity. Percy discusses their market selection criteria, focusing on areas with strong job and population growth like Huntsville, Alabama and strategic locations in North Carolina. He candidly addresses challenges they've faced, including unexpected property tax increases and floating rate debt in a challenging market, while also sharing their impressive track record of 23.5% average IRR to LPs across their five property exits. Throughout the conversation, Percy offers valuable insights on working with institutional investors, including structuring partnerships with major check-writers and maintaining the detailed reporting relationships these investors expect.Percy Nikora | Real Estate Background
Managing Partner at Penn Capital
Based in: Philadelphia, PA
Say hi to them at:
www.penncapitalgroup.com
Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 16, 2025 • 26min
JF3846: Land Data Intelligence Platform, Multi-Variable Parcel Analysis, & Strategic Acquisition Filters ft. Carter Malloy
On this episode of the Best Ever CRE Show, Joe Cornwell interviews Carter Malloy, CEO of Acres.com, a comprehensive land intelligence platform that helps investors find, analyze, and purchase land more efficiently. Carter explains how their platform consolidates multiple data sources to provide instant information on any parcel in the United States, including ownership details, comparable sales, mortgage data, topography, flood zones, and more. He discusses how investors can use the platform to quickly filter through thousands of parcels based on specific criteria like zoning, infrastructure access, and minimum size requirements, then conduct deeper analysis on the most promising options. Carter shares insights on land valuation discrepancies, emphasizing how adjacent parcels can vary by 20-50% in price due to factors like topography and access, creating significant opportunities for informed buyers. Throughout the conversation, he highlights the importance of thorough due diligence when purchasing land, warning about hidden issues like seasonal flooding, environmental concerns from previous uses, and the critical role of understanding both macro market trends and micro parcel-specific details before making investment decisions.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 15, 2025 • 28min
JF3845: Fund Creation Strategy, Capital Raising Evolution, & Multi-Asset Portfolio Diversification ft. Jeremy Long
On this episode of the Best Ever CRE Show, Slocomb Reed interviews Jeremy Long, founder and managing partner of Axia Partners, a vertically integrated investment firm based in Salt Lake City. Jeremy shares his unique journey from door-to-door sales executive to real estate investor, including his experience taking Vivint Solar public and later being acquired by Sunrun. He explains why he and his partner Dave decided to launch with a fund model rather than individual syndications, allowing them to raise capital to a thesis and acquire multiple properties simultaneously. Jeremy discusses their initial investment focus on value-add multifamily in tertiary markets with strong migration patterns, and why they've expanded into RV parks for their consistent cash flow. He also provides candid insights on their challenges transitioning from retail investors to institutional capital, the importance of property management selection in smaller markets, and why they're now narrowing their asset focus after initially diversifying across multiple property types.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

15 snips
Mar 14, 2025 • 1h 10min
JF3844: Economic Forecast Analysis, Housing Market Supply Constraints, & Personal Investment Philosophy ft. Dave Meyer
Dave Meyer, Head of Real Estate Investing at BiggerPockets, shares his deep insights into real estate and economic trends. He discusses why mortgage rates remain stubbornly high, despite Fed cuts, attributing this to bond yields and inflation fears. With the housing market experiencing severe supply constraints, Meyer predicts continued price appreciation as many homeowners are reluctant to sell. He also reflects on his life in Amsterdam and emphasizes a long-term rental investment strategy, advocating for clarity in investment goals over mere growth in property numbers.

Mar 13, 2025 • 60min
JF3843: LP Survival Guide: Avoiding Sponsor Red Flags, Verifying Track Records, & Building Multi-Deal Success with Hans Box
On this episode of The Passive Income Playbook, Pascal Wagner interviews Hans Box, co-founder of Box Wilson Equity, who has invested in close to 100 real estate deals as both a general and limited partner. Hans shares his journey from recovering CPA to real estate investor, including the pivotal story of taking over his first deal as an LP when the original sponsor underperformed. He provides a comprehensive framework for evaluating investment opportunities, emphasizing the importance of assessing sponsors beyond just projected returns. Hans explains how to verify a sponsor's track record by examining NOI growth rather than IRR, why transparency is non-negotiable during due diligence, and why single-asset deals rarely have audited financials. Throughout the conversation, he emphasizes finding deals with genuine value-add components that provide a margin of safety, and advises passive investors to look for "singles and doubles" rather than home runs to build sustainable wealth.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 12, 2025 • 26min
JF3842: Boutique Hotel Investment Strategy, Alternative Asset Monetization, & Creative Arbitrage Approaches ft. Adam Dailey
On this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Adam Dailey, Managing Director of Bronco Surf, based in San Diego. Adam shares his journey from sports event organizer to real estate investor, focusing on boutique hospitality assets that offer unique value-add opportunities. He discusses his strategy of identifying properties where he can potentially triple the income through creative repositioning, explains the challenges of managing a small RV park with long-term tenants, and provides insights on operating boutique hotels versus using master lease structures. Adam also addresses the complexities of California's short-term rental regulations, the importance of finding the right property management partnerships, and why he's remained focused on the San Diego market despite its competitive nature. Throughout the conversation, he emphasizes his "zone of genius" in spotting undervalued properties and implementing initial transformations, while acknowledging his need to outsource operational aspects to maximize both property performance and his own effectiveness.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 11, 2025 • 28min
JF3841: Retail Investing Advantages, Office Market Opportunities, & Commercial Tenant Selection Strategies ft. Ash Patel
On this episode of The Horizon, John Chang interviews Ash Patel from the Best Ever Conference 2026. They talk about his contrarian investment approach focusing on retail, office, and medical properties while avoiding residential tenants. Ash shares insights on why he prefers commercial tenants who treat properties professionally, explains how suburban office spaces in walkable areas are outperforming urban core locations, and reveals strategies for finding value-add retail opportunities with limited competition. The conversation explores recent market trends showing increased office absorption nationally, the surprising demand from national retail tenants actively seeking space, and why medical office remains a reliable investment with strong tenant stability. Ash also offers practical advice on evaluating markets, avoiding overhyped locations, and why buying properties at significant discounts in challenging asset classes can lead to substantial long-term returns despite current economic headwinds.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 10, 2025 • 31min
JF3840: Multi-Market Portfolio Expansion, Debt Refinance Strategies, & Operation-Focused Value Creation ft. David Iglewicz
On this episode of the Best Ever CRE Show, Joe Fairless interviews David Iglewicz (known as "Iggy"), co-founder of Lake City Equity. David shares his journey from pediatric dentist to multifamily investor with a current portfolio of 2,800 units across 15-20 properties primarily in the Southeast. He discusses the challenges of navigating floating rate debt in a high interest rate environment, their success in refinancing into fixed-rate debt through operational improvements, and his approach to addressing rising tenant delinquencies through buy-now-pay-later programs. David also provides valuable insights on property management, including why they started their own management company and how it's become central to their value creation strategy. He emphasizes that despite market headwinds, now is an opportune time to buy multifamily properties when others are retreating from the sector.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices


