Zach has over a decade of experience developing real estate throughout the Southeast. Current and past projects include hotels, multi-family, mixed-use, and retail. As CEO, he sets the overall strategy for the firm and oversees all acquisition, development, and financing efforts.

Kupperman Companies designs, develops, and acquires hotels, retail, multi-family, and mixed-use projects in Louisiana, Texas, Georgia, Alabama, Colorado, and across the Gulf Coast. They invest in award-winning historic redevelopments that preserve the history, architecture, and culture of the surrounding community.

Kupperman currently owns and manages over 520,000 square feet of hospitality, retail, and mixed-use assets and over 100 acres and 500 pads of manufactured housing communities through their affiliate, Lucky Communities.

On this episode, Jake and Zach discuss:

Transitioning from law into Real Estate
Historic Tax Credit deals
The impact of New Orleans' transformation since Katrina
Acquiring one of the most coveted pieces of Real Estate in Aspen, CO
Building partnerships with hospitality operators

Links:

Kupperman Companies

Zach on LinkedIn

The Little Nell in Aspen

The Chloe, New Orleans

Hotel Saint Vincent, New Orleans

Hotel Peter & Paul, New Orleans

Connect & Invest with Jake:

Follow Jake on Twitter

Take the Hospitality Investing Masterclass

Learn How to Invest with DoveHill

Topics:

(2:27) - Zach’s transition into real estate

(7:12) - How do Historic Tax Credit deals work?

(10:04) - How did placemaking become a bigger part of your strategy?

(11:30) - How has New Orleans changed since Katrina?

(14:08) - What else does the city need to do from a RE perspective?

(14:52) - What led you to add hospitality to your portfolio?

(17:57) - Do memberships offset some of the costs that you lose with smaller door counts?

(19:37) - With The Drifter & Hotel St. Vincent, what was your intention in setting the vibe?

(24:16) - How do you structure your deals?

(26:02) - Where are your investors located?

(26:24) - What did your debt and equity structure look like for the Saint Vincent Hotel?

(32:36) - What did the business plan for the hotel end up being?

(39:55) - What aspects of a historic tax credit deal would give you hesitation before jumping in on one?

(41:02) - Do you manage Hotel St. Vincent?

(42:03) - What have you learned about hotel ops?

(43:42) - What are you focusing on now when thinking about new deals?

(45:01) - Do your investors ever express concern about diversifying your portfolio?

(46:39) - Are there any big opportunities that have you excited right now?

(47:46) - How does a guy from NOL get one of the most coveted pieces of RE in Aspen, CO?

(54:43) - How important is integrating F&B into the hotel experience today?

(56:20) - How are the independent hotels in your portfolio competing against the market?

(1:01:08) - Converting Hotels into MF

(1:09:59) - How do you run Kupperman and how have you utilized that strategy to grow the firm?

(1:13:44) - What does a typical week look like for you?

(1:15:41) - How did you train your offshored underwriter?

(1:20:13) - What is your favorite hotel?

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