The Best Ever CRE Show

Latest Episodes:

JF3840: Multi-Market Portfolio Expansion, Debt Refinance Strategies, & Operation-Focused Value Creation ft. David Iglewicz Mar 10, 2025

Show notes

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.

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JF3839: B & C-Class Multi-Family Acquisitions, Midwest Market Dynamics, & Unexpected Renovation Challenges ft. Stan Remling Mar 09, 2025

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On this episode of the Best Ever CRE Show, Slocomb Reed interviews Stan Remling, co-founder of Follow the Deal Investing. Stan shares his journey from W-2 employee to multifamily investor, focusing on value-add properties in Indiana and Michigan. He explains their strategy of targeting cash-flowing properties from day one, discusses their transition from small multifamily to larger complexes in the 30-70 unit range, and reveals how they've grown to over 700 units since 2020. Stan candidly shares lessons learned from unexpected renovation challenges, including water intrusion and termite damage discovered after purchase, and how they're adjusting their acquisition criteria based on these experiences. He also discusses their financing approach, including returning investor capital through refinancing, their property management company structure, and why they sometimes choose to sell rather than refinance challenging properties.

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JF3838: Market Cycle Navigation, Distressed Property Acquisition Strategy, & Value-Add Execution Mastery ft. JP Newman Mar 08, 2025

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On this episode of the Best Ever CRE Show, Slocomb Reed interviews JP Newman, CEO and founder of ThriveFP. JP shares his perspective on the current real estate market, describing it as being in simultaneous contraction and expansion phases. He explains how his team strategically reduced their portfolio from 10,000 to 1,500 units to prepare for new opportunities, discusses indicators to watch for market recovery, and outlines his approach to finding distressed assets in the coming 24 months. JP also provides insights on how multifamily fundamentals remain strong despite current challenges, advises investors to be patient while keeping capital ready for opportunities, and shares how institutional capital has changed the landscape of finding value in the multifamily space.

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JF3837: Workforce Housing Strategy, Distressed Property Acquisition Tactics, & C-Class Turnaround Mastery ft. Bruce Fraser Mar 07, 2025

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On this episode of Next Level CRE, Matt Faircloth interviews Bruce Fraser, co-founder of Elkhorn Partners. Bruce shares his strategy of focusing on underperforming C-Class multi-family properties in markets with strong affordability metrics rather than chasing trendy investment hotspots. He explains how his team identifies distressed assets with significant upside potential, handles property security and crime issues, navigates specialized financing options, and creates value through strategic improvements. Bruce also provides his macroeconomic outlook, discussing inflation trends, interest rates, and why he believes hard assets like multi-family real estate provide protection against dollar devaluation.

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JF3836: Due Diligence Red Flags, Lower Middle Market Inefficiencies, & Critical LP Investment Strategies ft. Aleksey Chernobelskiy Mar 06, 2025

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On this episode of the The Passive Income Playbook, host Pascal Wagner interviews Aleksey Chernobelskiy, former executive at Store Capital and founder of GPLP Match, about navigating the complex relationship between limited partners and general partners in commercial real estate investing. Chernobelskiy draws from his experience at Store Capital, where he helped deploy 1-2 billion dollars annually, to explain how LPs should approach due diligence differently when evaluating smaller versus institutional-sized deals. He provides valuable insights on distinguishing between "red flags" and "yellow flags" in investment opportunities, dissects why LPs often miss aggressive rent growth assumptions in multifamily deals, and offers his golden rule for investors: if you can't identify at least three ways your investment could go to zero, you're not ready to invest. The conversation provides critical guidance for passive investors seeking to evaluate deals more effectively in today's challenging market environment.

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JF3835: Asset Class Diversification Strategy, Opportunity Zone Warehouse Acquisition, & Commercial Retail Value-Add Analysis ft. Ryan Wittig Mar 05, 2025

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On this episode of the Beyond Multifamily, hosts Amanda Cruise and Ash Patel interview Ryan Wittig, principal of Kinvara Capital, about his journey from residential development to acquiring a diverse portfolio of commercial assets. Wittig shares how he pivoted from building single-family homes and townhouses to strategically acquiring a 28,000 sq ft warehouse through an Opportunity Zone structure, a boutique lodging house near Harvard, short-term rentals, and an office condo. The conversation offers valuable insights on finding deals through unexpected channels (like residential MLSs), identifying value-add opportunities in multi-tenant retail centers, and navigating condo association challenges. Wittig also reveals his current focus on acquiring flex industrial and retail properties to create sustainable cash flow streams beyond development projects.

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JF3834: Economic Uncertainty Analysis, Multifamily Supply-Demand Forecast, & Commercial Real Estate Investment Timing Strategy ft. John Chang Mar 04, 2025

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On this episode of The Horizon, host John Chang shares key insights from his recent workshop at the Best Ever Conference about critical market trends impacting real estate investment in 2025. Chang analyzes how the new Trump administration's potential policies on tariffs and immigration could impact economic growth, construction costs, and labor markets. He explains why multifamily fundamentals are strengthening as construction pipelines drop dramatically (with starts down 75% from peak) while demographic demand drivers remain strong. Drawing parallels to previous market cycles, Chang notes that the current cap rate expansion represents only the fourth significant instance since 1992, and historically, investments made during these periods have delivered superior returns. The episode provides a comprehensive outlook for commercial real estate investors navigating political uncertainty while positioning for long-term growth.

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JF3833: Operating Amusement Parks vs. Multifamily Investing, Cash Flow Comparison, & Private Capital Raising Strategy ft. James Harhi Mar 03, 2025

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On this episode of the Best Ever CRE Show, host Slocomb Reed interviews James Harhi, CEO of JFH Technologies, about his unique investment approach spanning both multifamily properties and amusement businesses. Harhi shares insights on managing a portfolio that includes 600+ apartments in Indiana alongside water parks and amusement facilities in the Northeast. He discusses the financial advantages of operating water parks (projecting 300% returns over 10 years versus 12-16% annually on apartments), his "follow the deal" investment philosophy, and how he structures management teams that allow him to scale across different business models. The conversation reveals how Harhi raises 100% private capital for his park acquisitions through sale-leaseback arrangements with REITs, avoiding traditional bank financing while providing his investors with consistent cash flow opportunities.

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Vintage Capital

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JF3832: Forensic Engineering Insights, Preventative Maintenance Strategies, & Critical Property Inspection Tips ft. Stanley Stoll Mar 02, 2025

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On this episode of the Best Ever CRE Show, host Joe Cornwell interviews Stanley Stoll, CEO and principal engineer of Knott Laboratories, about the critical role of engineering in real estate investment. Stoll, who leads a forensic engineering firm specializing in aging infrastructure assessment, shares valuable insights on evaluating existing buildings before purchase and throughout their lifecycle. He emphasizes that 99% of structural problems stem from water-related issues and explains how early detection can save investors substantial money through the "rule of fives" - where $5 spent now prevents $25-50 in costs later. The conversation covers how building codes have evolved, the challenges of repurposing historical buildings, and why moisture management should be real estate investors' top priority when evaluating potential acquisitions.

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Vintage Capital

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JF3831: Fund Model Advantages, Capital Flow Analysis, & Multifamily Development Timing Strategies ft. Marcin Drozdz Mar 01, 2025

Show notes

On this episode of the Best Ever CRE Show, host Slocomb Reed interviews Marcin Drozdz, managing partner of M1 Real Capital, about navigating today's commercial real estate market. Drozdz, who entered private equity during the 2008 financial crisis, shares insights on his transition from syndications to a fund model approach that allows him to secure significant discounts through ready capital. He explains his current focus on multifamily development in the Southwest, particularly Arizona and Texas, noting how construction costs are becoming more favorable while planned deliveries for 2026-2027 remain limited. The conversation covers investor education strategies in today's more cautious environment, the importance of creating win-win GP/LP structures, and how understanding capital flow patterns provides a competitive advantage in identifying emerging opportunities across market cycles.

Sponsors:

Vintage Capital

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