The Best Ever CRE Show

Latest Episodes:

JF3490: The Great Basis Reset, Wheel-and-Spoke Markets, and Exiting a 500-Unit Multifamily Deal ft. Irwin Boris Mar 25, 2024

Show notes

Irwin Boris, senior vice president of investments at Heritage Capital Group, joins host Ash Patel on the Best Ever Show. In this episode, Irwin and Ash nerd out on the nuances of industrial real estate, including small-bay flex, outfitting spaces for unique tenants, why Irwin covets “wheel-and-spoke” markets. Irwin also shares his thoughts on the current economic climate and explains why he’s selling a 500-unit multifamily property despite it not being the best time to sell.

Irwin Boris | Real Estate Background

Heritage Capital Group
Portfolio:
- 7MM SF of industrial, small bay flex and 500 units of legacy multifamily
Based in: Ridgewood, NJ & Bozeman MT
Say hi to him at:
- LinkedIn
- Instagram

Sponsors:

Viking Capital

Baselane

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JF3489: How Little Things Can Cause Big Problems, Third Parties, and Nailing Your 30-60-90 Plan — The Due Diligence Show ft. Sandhya Seshadri Mar 24, 2024

Show notes

Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process.

Sandhya Seshadri, a Dallas-based apartment syndicator and asset management coach, shares insights on multifamily property due diligence, focusing on physical, financial, and environmental assessments. With over 1400 apartments under management, she emphasizes hiring third-party experts for unbiased due diligence, examining physical condition, lease agreements, and financials to avoid surprises and ensure projections meet investor expectations

Sponsors:

Viking Capital

Baselane

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JF3488: A Self-Proclaimed Deal Junkie on TopGolf, Undercapitalization, and Why 2024 Presents a Rare Opportunity ft. Dave Allred Mar 23, 2024

Show notes

Dave Allred, CEO of Axia Partners, joins host Joe Cornwell on the Best Ever Show. In this episode, Dave — a self-proclaimed deal junkie — discusses how he landed TopGolf on a NNN lease, how he reverse-engineered his goals to achieve lifestyle freedom, and why he’s excited about the opportunity that exists right now. He also explains how, even though his heart is in multifamily, he has expanded by being opportunistic in other asset classes.

Repeat Guest: JF2555: Half a Million by 25 with Dave Allred

Sponsors:

Viking Capital

Baselane

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JF3487: Paused Distributions, Bottlenecks, and the Power of Diversification ft. Andrew McNair Mar 22, 2024

Show notes

Andrew McNair, president and founder of Swan Capital, joins host Ash Patel on the Best Ever Show. In this episode, Andrew discusses the danger of investing with syndicators with short track records, working with (and marketing to) retirees, and the power of diversification. He goes on to discuss how, as a fund manager, he’s vetted syndicators in the past, and how that process has changed over time during a challenging economic climate.

Andrew McNair | Real Estate Background

President & Founder of SWAN Capital
Portfolio:
- Mutli-Family, RV Parks, Storage, Short Term, Industrial.
Based in: Pensacola, FL & Daphne, AL
Say hi to him at:
- www.swan-capital.com
- LinkedIn

Sponsors:

Viking Capital

Baselane

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JF3486: FIRE Movement And Real Estate - What You Need To Know | Passive Investor Tips ft. Travis Watts Mar 21, 2024

Show notes

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In todays episode, Travis Watts emphasizes the importance of diversification, understanding market trends, and the value of patience and consistent investing strategies to achieve long-term financial success.

Sponsors:

Viking Capital

Baselane

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JF3485: Have CRE Prices Bottomed Out? Big Players Think So — Here’s What it Means for Investors ft. Logan Freeman Mar 20, 2024

Show notes

Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.

Today’s Headlines:

Denver is on Fire: Despite its high home prices relative to the national average, Colorado’s Capital has taken the top spot in U.S. News’s recent list of the nation’s 20 hottest housing markets.

Minneapolis Captivates Renters: Renters searched for apartments in Minneapolis more than any other market in February. Apartment searches in Minneapolis grew a staggering 234% compared to February last year.

Dallas Owns Industrial: Dallas led the industrial sector in terms of deliveries in 2023, with almost 61.9 million square feet delivered across 177 properties, more than doubling the average pace nationally.

Today’s Guest: Has the CRE market hit the bottom? Some big players seem to think it has. Goldman Sachs said last week that it’s ready to start actively investing in commercial real estate again, and Blackstone is on the bandwagon, too. According to Blackstone President Jon Gray, the time to make a move is not after interest rates come down, but before. He also says that as investors, sometimes, you can miss the bottom by being overly cautious, and he believes that now is probably a good time to move fast and buy real estate before rates come down. Logan Freeman, co-founder and principal at FTW Investments, joins host Paul Mueller to discuss.

Logan Freeman | Real Estate Background

Co-founder and chief development officer of FTW Investments LLC, where their strategy involves acquiring, operating, and the eventual disposition of large-scale commercial real estate assets in key sectors and markets.
Previous episodes:

Portfolio: GP of 1,500 multifamily units across four states, plus 600,000 sq. ft. in the office, industrial, and retail sectors.
Based in: Kansas City, MO
Say hi to him at:

Sponsors:

Viking Capital

Baselane

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JF3484: Bringing In More Capital to Negotiate Higher Returns — the Nuances of Managing a Fund ft. Igor Shaltanov and Nikita Volchek Mar 19, 2024

Show notes

Igor Shaltanov and Nikita Volchek, founders of Avista Fund, join host Slocomb Reed on the Best Ever Show. In this episode, Igor and Nikita discuss the nuances of operating a fund, including how they align the interests of the investors and fund managers and how funds can negotiate favorable terms for investors.

Igor Shaltanov and Nikita Volchek | Real Estate Background

Founder/Managing Partner of Avista Fund
Portfolio:
- 3,200+ multifamily units, cumulative value of over $500MM
Based in: Los Angeles, California
Say hi to him at:
- https://www.linkedin.com/in/igor-shaltanov-13682b43/
Best Ever Book: Book: Think and Grow Rich by Napoleon Hill

Sponsors:

Viking Capital

Baselane

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JF3483: The Best Time to Buy Multifamily Is Coming — How and When to Capitalize ft. Zamir Kazi Mar 18, 2024

Show notes

Zamir Kazi, CEO of ZMR Capital, joins host Slocomb Reed on the Best Ever Show. A college dropout who learned how to renovate properties by watching YouTube, Zamir now has 50 properties with more than 10,000 units under management. In this episode, Zamir discusses the “perfect storm” that has given rise to distress, his 200-plus unit buy box, and why he’s being patient and waiting for the right time — which he says is coming — to buy in the face of the wave of upcoming distress.

Zamir Kazi | Real Estate Background

CEO of ZMR Capital
Portfolio:
- $1.75B+ assets currently under mgmt. 8,000+ units.
Based in: LA and Tampa, FL
Say hi to him at:
- LinkedIn
Best Ever Book: Shoe Dogs by Phil Knight

Sponsors:

Viking Capital

Baselane

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JF3482: Skipping These 5 Due Diligence Steps Could Cost You BIG — the Due Diligence Show ft. Charles Seamen Mar 17, 2024

Show notes

Charles Seamen, a real estate syndicator focused on multifamily, joins host Slocomb Reed on the Best Ever Show for another installment of the Due Diligence Show. In this episode, Charles highlights five crucial steps in financial due diligence — steps that could cost you BIG if you skip them or don’t execute them properly. These include reviewing lease audits (and evaluating them properly), reviewing service contracts, what’s actually included in the sale (tools, equipment, inventory, etc.) and more.

Sponsors:

Viking Capital

Baselane

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JF3481: The Formula for Risk Mitigation and How to Play (and Win) in Single-Tenant Industrial ft. Neil Wahlgren Mar 16, 2024

Show notes

Neil Wahlgren, a partner at MAG Capital Partners, joins host Ash Patel on the Best Ever Show. In this episode, Neil discusses risk mitigation in single-tenant industrial, focusing on the importance of credit analysis and vetting a business’s financials. He also evaluates the current industrial real estate market, the state of industrial lending, and explores how his firm handles expiring leases for long-term tenants.

Neil Wahlgren | Real Estate Background

Partner, MAG Capital Partners
Portfolio:
- Industrial NNN-leased Real Estate, Short term rentals, MF Syndications
Based in: San Francisco, CA
Say hi to him at:
- https://www.linkedin.com/in/neilwahlgren/
- https://magcp.invportal.com/signup
Best Ever Book: Tools of Titans by Tim Ferriss

Sponsors:

Viking Capital

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