The Crexi Commercial Real Estate Podcast | CRE Insights & Strategies

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Jan 10, 2024 • 1h 3min

Building a Self-Storage Empire

This episode explores valuable insights into self-storage investing strategies with Fernando Angelucci, CEO and co-founder of Self-Storage Syndicated Equities.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Taylor Curtiss sits with Fernando to discuss key elements of the self-storage sector, such as market trends, untapped potentials, and misconceptions. The conversation also covers broader aspects of Fernando's personal life and entrepreneurial strategies, including lifestyle shifts, the effects of the pandemic, and future predictions for 2024.  Their wide-ranging conversation includes:Introduction and Guest BackgroundFernando's Journey into Commercial Real EstateChallenges and Successes in Real Estate InvestingTransition to Self-Storage and Business GrowthThe Importance of Balance and Personal GrowthThe Benefits and Challenges of Remote WorkInsights into the Self-Storage MarketThe Impending Debt Crisis and Opportunities for InvestorsThe Challenges of Finding Deals in the Current MarketThe Shift from Acquisition to DevelopmentThe Impact of Changing Valuations and Seller FinancingThe Role of Brokers and Market PredictionsThe Impact of Economic Trends on Self-StorageInvestment Principles and Business CollaborationsThe Impact of Economic and Geopolitical Trends on Self-StorageChallenges and Opportunities for Self-Storage InvestorsRapid Fire Questions: Investment Strategies and Industry MisconceptionsFinal Thoughts and Contact InformationAnd much more! About Fernando Angelucci:Fernando Angelucci is the Co-Founder and President of Self-Storage Syndicated Equities. As President, Fernando is involved with all aspects of the business, including overall investment strategy, investor relations, asset analysis, and asset management. Fernando is a thought leader in the self storage industry, regularly featured at industry conferences and interviewed on hundreds of podcasts. Fernando earned a Bachelor of Science in Technical Systems Management from University of Illinois at Urbana – Champaign. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Jan 3, 2024 • 1h 24min

Molding a Market-Proof Team with Matthews

This episode explores key lessons and essential discipline to create a winning brokerage career with Kyle Matthews, CEO and Founder of Matthews REIS.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Eli Randel sits with Kyle to walk through his early career path, discusses the story behind Matthews REIS and the efficiency that sets them apart, dives into the current industry trends, and covers the importance of overcoming one's 'hard life' through hard work to carve out success. Their wide-ranging conversation includes:Introduction and WelcomeGetting to Know Kyle MatthewsKyle's Childhood and Family BackgroundGrowing Up as a MatthewsKyle's Early Interest in Real EstateKyle's College Years and Early CareerChallenges and Lessons in Kyle's Brokerage CareerTransition to Building a Brokerage BusinessThe Birth and Growth of Matthews REISThe Competitive Nature of Top AgentsThe Importance of Teamwork and Competition in BrokerageThe Unique Support System at MatthewsState of the Commercial Real Estate IndustryAdvice for Young Listeners Entering the IndustryAnd much more!About Kyle Matthews: Kyle Matthews leads Matthews Real Estate Investment Services™, a commercial real estate and technology firm with 18 offices and over 600+ personnel nationwide. The firm is a leader in commercial real estate brokerage providing advisory services in transactions, leasing, and debt/capital markets. Since Kyle founded the company in 2015, Matthews™ has become the fastest-growing commercial real estate firm in the country, is the largest privately held brokerage platform in the U.S., and has successfully closed over 14,600+ transactions totaling $41 billion in sales volume.Kyle has an extensive background in the industry, with an aggregate value of $9 billion in transaction volume. In 2022 alone, Kyle led Matthews™ to complete $14.25 billion in sales, closing over 4,500 transactions, a 56.4 percent increase year-over-year. Prior to starting Matthews™, Kyle served as Vice President of Investments and thereafter as Executive Vice President at two publicly traded commercial real estate brokerage firms. In each of these roles, he was recognized for his client-focused commitment to results and ability to train and mentor teams to execute top sales. As a producer, he was viewed as an authority in the field of private client capital transactions, as well as the top performer industry-wide in both the shopping center and net leased transactions. Kyle has an extensive list of notable clients, including most of the largest global institutional real estate companies, in addition to U.S.-based publicly-traded REITs, private equity funds, development companies, and high net-worth private family offices. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Dec 20, 2023 • 40sec

Happy Holidays from The Crexi Podcast | 2023

We’re skipping our regular programming this week and next, but we wanted to take a moment to share our appreciation.Hello from all of us here at The Crexi Podcast! It’s that time of year when business is settling down, and we’re all feeling a little extra gratitude for one another. We wanted to take the time to extend a full-hearted thank you to all of our listeners: you make this podcast so special, and we couldn’t have done it without your support.Thanks for listening, and get ready for next year – The Crexi Podcast is coming back bigger and better than ever with an exciting roster of real estate experts. We’ll see you in the New Year – until then, goodbye, stay well, and be sure to tune in next time. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Dec 13, 2023 • 30min

The Necessity of Dynamic Innovation in CRE

This episode covers how commercial real estate companies can maximize success by keying into innovative tools with Rob Finlay, CEO and Founder of Thirty Capital.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Rob to discuss the necessity of continual innovation in commercial real estate, how new technologies are transforming the world and the way business is conducted, and key trends to watch as the industry shifts. Their wide-ranging conversation includes:IntroductionsThe story of founding Thirty Capital and key mentors on Rob’s career pathFavorite mistakes that became future opportunities in the CRE investment spaceKey fundamentals of developing a work ethic and how toWhy write “Beyond the Building”? Who is the book for? Key takeawaysDiving into the key learnings behind creating and selling several companies and the importance of pursuing innovationHow CRE players can convince their clients – investors, brokers, and other stakeholders – that they’re an essential part of their business playbookThe importance of technology in commercial real estate today and in the futureUnderstanding your core business, your core service, and the real needs of your customersRob’s 35,000-foot overview of the commercial real estate sector todayWhat current CRE stakeholders can learn from the past compared to what’s different in today’s market cycleControversial thoughts on the office sector and advice as we head into 2024Rapid-fire questions and sign-offsAnd much more!  About Rob Finlay:Robert J. Finlay, CEO and Founder of Thirty Capital, has spent more than two decades pushing the boundaries of innovation and technology in commercial real estate. Finlay built a portfolio of commercial real estate and securitized assets, a financial advisory and services firm, an academy for commercial real estate finance and innovation, an asset management and real estate advisory firm, and almost a dozen technology platforms that open access to data management and tools previously available only to institutional and enterprise operators. Finlay is an innovator in CRE with roots on Wall Street. He is an active real estate investor and operator and mentors emerging leaders.  For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Dec 6, 2023 • 1h 1min

The Promising Upside in Manufactured Homes & RVs

This episode uncovers the benefits and intricacies of manufactured homes and RV parks with Michael Nissley, Vice Chair and National Director at Colliers.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Michael to talk about creating and mastering a market niche, the fast-growing popularity of the alternative housing sector, and trends to watch headed into 2024. Their wide-ranging conversation includes:Introductions and the similarities/differences between a $2 million deal and $200 million deals.Early lessons learned, favorite mistakes, and discovering the niche that led to founding the Manufactured Housing and RV Group.The importance of doubling down on personal strengths and assembling a team of complementary skill sets and experiences to maximize success.The rise of the manufactured housing and RV sector and its history over the last several years.The fundamentals of the sector and what investors and lenders should look for from an underwriting perspective.The current state of the RV and manufactured housing investment market and where most interest is originating, and the locations attracting the most attention.How current macroeconomic factors such as high interest rates, inflation, rising insurance costs, and others are impacting the sector.Outlook for 2024 and things to keep in mind moving forward.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Michael Nissley:Michael Nissley is the founding member of the Manufactured Housing & RV Group and leads the team as the Vice Chair and National Director. He works closely with his team to oversee the execution of the team’s Manufactured Home Community, Recreational Vehicle Community, and Land assignments. This includes strategic positioning of offerings, coordination of the financial and underwriting processes, and interaction with key decision makers within industry REITs, large institutional investment firms, family offices, and owner-operators. Nissley has been an integral part in the sale and appraisals of more than $100 billion of commercial real estate assets, including the 2019 closing of a 24-property Canadian Manufactured Home portfolio that closed at nearly $200 million, which was the most significant Canadian manufactured home, RV Resort and portfolio acquisition for a large Canadian pension fund. In 2022, Mike closed a $114 million MHC Portfolio in Central Florida.These recent closings have led Nissley to be consistently ranked in the (2019, 2021, 2022) Everest Club recognizing the Top 10% of all Colliers professionals in brokerage, valuation, and corporate solutions across the U.S. business based on revenue production. Before joining Colliers, he was the founder, top producer, and director of the MHRV and Marina groups at CBRE for ten years. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Nov 29, 2023 • 50min

Building an Investment Legacy Across Market Cycles

This episode explores tried-and-true lessons leading a CRE investment firm across cyclical shifts with Alex Zikakis, President & Founder of Capstone Advisors.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Alex to discuss the current and past phases of the commercial real estate market, lessons that apply regardless of market cycle, navigating seller expectations, and much more. Their wide-ranging conversation includes:Introductions and pivotal early entrepreneurial learnings.Favorite mistakes and early lessons learned in risk management, setting expectations, and preparing for every eventuality.The importance of understanding human behavior in commercial real estateThe origins of Capstone Advisors and why it prioritizes value-add investing.Current markets of operation and why they’ve shrunk the assets in portfolio over time while still scaling revenue.The importance of the right team to stay nimble while navigating market challenges, Explaining the strategy of pulling back investment activity in “ideal” market conditions.Current challenges of being a CRE investor in today’s market and how Capstone is adjusting.Outlook for 2024 and things to keep in mind moving forward.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Alex Zikakis:Alex Zikakis oversees Capstone Advisors’ full range of real estate services including commercial property acquisitions, value-add repositioning, property development, residential land development, and asset management services.  In addition he oversees investments in alternative asset classes including real estate secured loans and private equity transactions.Under his direction, Capstone Advisors has been an equity investor in over $2 billion of residential development ventures, purchased five million square feet of commercial properties, overseen third party asset management services for millions of square feet of retail and office properties, and has developed a variety of commercial properties.Mr. Zikakis holds a Masters in Business Administration from Cornell University and a Bachelor of Arts degree in finance from the University of Colorado in Boulder. He is a member of the Building Industry Association, the International Council of Shopping Centers, the National Association of Industrial and Office Properties and the Urban Land Institute. He has served on advisory board positions at Cornell University and the University of Colorado, and is currently on the advisory board of the University of San Diego. Mr. Zikakis was awarded the 2005 Ernst & Young Entrepreneur of the Year award for real estate and financial services. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Nov 15, 2023 • 44min

The Hospitality to Multifamily Conversion Pipeline

This episode explores the developing trend of converting hotels into new multifamily properties with Ryan Bodine and Kishan Gohel of NewGen Advisory.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Ryan and Kishan to cover the current landscape of hospitality-to-multifamily conversions, where opportunities lie in waiting, how public and nonprofit entities are helping drive more affordable housing, and much more. Their wide-ranging conversation includes:Introductions and early steps along their CRE career pathsKey mentors and important lessons learned that set them up for future success.The importance of treating each client as a unique case, being able to pivot,  and how to create meaningful value in business relationshipsWhat makes hotels such well-positioned assets for conversions and adaptive reuseWhere investors are currently focusing from a market and growth perspective on adapting hotelsWhat goes into the conversion process and how to evaluate whether an asset fits the criteria for a good conversion projectComparing potential upsides and challenges when converting hotels to multifamily or other adaptive reuseIncentives for pursuing hotel conversions, including tax credits and other funding opportunitiesThe most important advice investors should consider when evaluating a hotel conversion.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Ryan Bodine:As SVP at NewGen, Ryan Bodine primarily focuses on representing and identifying hospitality investment opportunities nationwide for his domestic and international partners.Before NewGen, Ryan sourced foreign direct investment for Green Card Fund, an EB-5 Invest to Immigrate Regional Center, worked as an Executive Consultant for an education reform organization, and owned an international promotional product company.Ryan attended college at the University of Hawaii at Manoa, Roehampton University in London, and finished his degree in International Business from Arizona State University, graduating Summa Cum Laude.He is a member of the Asian American Hotel Owners Association, Arizona Lodging Tourism Association, Urban Land Institute, Arizona Association of Economic Development, the Greater Phoenix Economic Council, the Phoenix Committee on Foreign Relations, and the Global Shapers Phoenix HUB Community.About Kishan Gohel:Kishan is a W. P. Carey School of Business graduate at Arizona State University. He brings a wealth of business management knowledge from being around a hard-working family that owned various businesses while growing up.Kishan has spent much time in hotel brokerage curating new relationships and building existing client friendships. He has extensive experience in market research, which sets him apart when he secures a buyer for his listings and helps his clients find the next business opportunity. When the world endured the pandemic in 2020, travel demand fell, and the need for affordable housing increased. With government relief funds distributed through multiple channels, Kishan and his partners saw an opportunity to help clients sell their hotels as a conversion to an alternative use. He has successfully assisted non-profit organizations and investors to convert hotels to market-rate apartments, affordable/transitional housing, and behavioral health.In his spare time, he enjoys spending time with his family, going to car shows, and being outdoors in Arizona's beautiful 300+ days of sunshine. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Nov 8, 2023 • 40min

Multifamily Investing Moves in the Windy City

This episode examines multifamily market shifts in the Midwest and beyond with Chicago-based investor Drew Breneman, Founder of Breneman Capital.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Drew to discuss entrepreneurial lessons learned, creating a self-sufficient investment firm, and the current state of the multifamily sector in Chicago and beyond. Their wide-ranging conversation includes:Introductions, early entrepreneurial experiences, and key lessons.Investing in a first duplex and catching the real estate bug.Lessons learned early on and favorite mistakes.Breneman Capital’s unique multifamily investing ethos and what sets them apart from other firms.Modeling acquisition strategies on NCAA bracket prediction tools and using 900+ variables for higher accuracy predictive analytics.The skills and growth needed to scale from conducting $3M deals to $30M+ deals.Finding the best property managers and setting up the best self-sufficiency processes.Discussions on the current state of the market and multifamily in the Midwest vs. nationally.How Breneman Capital is navigating transaction velocity and sourcing capital amid a lending crunch.Rapid-fire questions and sign-offs.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Drew Breneman:A natural-born entrepreneur, Drew started his first business at 14. He then launched a highly-successful internet business while in high school. His ambition to find the best investment vehicle for his earnings from his internet business led him to real estate, purchasing his first two rental properties at 19 years old. His drive attracted the attention of HGTV, where Drew was featured as an up-and-coming real estate investor. He wanted to share what he had learned and aspired to provide others direct real estate ownership opportunities. Drew earned his BBA in Real Estate & Urban Land Economics from the University of Wisconsin-Madison's Wisconsin School of Business — one of the top real estate programs in the nation. Upon graduation, he worked for three national real estate development firms, each focusing on different product types, affording him a broad knowledge base for the office, retail, market-rate multifamily, and affordable multifamily sectors.In 2005, he founded Breneman Capital, specializing and expanding their presence in value-add multifamily in Chicago, Phoenix, Dallas, and Austin over the last several years.  For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Nov 1, 2023 • 30min

Single-Family and Build-to-Rent Developments in Today's Market

This episode examines single-family portfolios and build-to-rent projects with Doug Faron, Founder & Managing Partner at Shoreham Capital.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits down with Doug to cover all things residential real estate, including markets of interest, the impact of wider demographic and consumer trends on the sector, and key lessons learned navigating his investment firm through market cycles. Their wide-ranging conversation includes:Introductions, early career path, and key mentorsImportant lessons learned, evaluating deals as individuals, and understanding the nitty gritty of each market early on as an investor.The origins of Shoreham Capital and how the team sets itself apart from other investment firms.Current investment projects and righting the ship amidst uncertain economic conditions and rising cost of capital.Key trends to watch headed into 2024 The importance of prioritizing high-accuracy and facile data tools for making investment decisions.Primary challenges and opportunities in being a multifamily investor in today’s market.Rapid fire questions and sign-offsAnd much more!Prefer video? The episode also lives on our Youtube page:About Doug Faron:Doug Faron is a real estate leader and skilled dealmaker specializing in sourcing, capitalizing, structuring, and executing debt and equity transactions throughout the United States. With nearly two decades of experience, Doug has overseen over $10 billion of real estate investments and developments across asset classes and the capital stack. Throughout his career, Doug has successfully executed the investment, development, and management of residential, retail, hotel, office, and mixed-use assets in major markets, including New York City, Los Angeles, Miami, and Washington D.C.As Co-founder and Managing Partner at Shoreham Capital, Doug oversees all aspects of the firm, including the acquisition, capitalization, development, and management of their projects. With his extensive quantitative and strategic analysis background across various transaction types, Doug helps Shoreham target high-quality real estate investments that deliver superior risk-adjusted returns for investors. Before Shoreham, Doug spent ten years at the CIM Group, a $35 billion AUM Real Estate Private Equity firm, working as Managing Director, and overseeing the firm's East Coast investment platform. Prior to CIM, Doug worked in Corporate Private Equity for LNK Partners, and in Investment Banking in the Mergers and Acquisition Group at Deutsche Bank based in New York City. Doug is an active member of ULI, NMHC, NAIOP, and ICSC and is a longtime supporter of the Harlem Lacrosse Program in New York City and Los Angeles. Doug graduated from Brown University with a dual concentration in international relations and economics and received his MBA from Northwestern University's Kellogg School of Management. He resides in Palm Beach, Florida, with his wife, Barbara, and two children, Madeline and Jack. About Crexi:Crexi is transforming commercial real estate with advanced, integrative technology and data analytics designed to accelerate every CRE stakeholder’s success. From trading properties to machine-learning-powered industry Intelligence, Crexi’s intuitive CRE solutions accelerate transaction velocity and have empowered over 2 million monthly users to close $540 billion in deals and market over $5 trillion in property value. For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.
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Oct 25, 2023 • 38min

The Hidden Advantages of Real Estate Investment Funds

This episode dives into the complexities and advantages of different real estate investment funds with Matthew Burk, Founder & CEO of Fairway America and Verivest.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Matt to discuss his background across dozens of real estate investment vehicles, such as syndications and Reg D pooled investment funds, the pros and cons of different options, and the current state of the CRE investment market.  Their wide-ranging conversation includes:Introductions, early career path, and key mentorsDeveloping the skills to transition to different acquisition types, fund types, and investment markets Key mentors and lessons learned from personal relationships and through podcasts, books, and educationThe basics of pooled investment funds, the necessities required to get started, and understanding the pros and cons.The importance of aligning investment theses and assembling the right team for a particular fund.Immediate red flags to watch out for in potential CRE investment fundsA 360-overview of the state of the commercial real estate marketThoughts on the CRE debt market and lender sentiment amid rising ratesAreas of hidden opportunity and interesting strategies observedRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Matthew Burk:Matt Burk is a seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven (11) real estate asset-based Reg D pooled investment funds over 30+ years. He's also worked as a discretionary underwriter/approval authority of thousands of real estate asset-based investments with a total asset value in the billions, including pooled investment funds, real estate secured loans, syndications, participations, GP and LP equity interests, and more. As a real estate asset-based 506 Regulation D pooled investment fund expert, Matt has played lead roles in advising on the architecture and creation of hundreds of discretionary pooled funds for hundreds of sponsors, private lenders, and managers across multiple real estate strategies and asset types including debt, equity, GP co-invest, multifamily, office, industrial, retail, self-storage, hospitality, residential, construction, value-add, mortgage pools, distressed debt acquisition, tax lien certificates, single-family rental fix-n-flip, B2R, and more. Matt is also the author of "Capital Attraction: The Small Balance Real Estate Entrepreneur's Essential Guide to Raising Capital" and the host of "Fundamentals with Matt Burk"  For show notes, past guests, and more CRE content, please check out Crexi’s blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi About Crexi:Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction— Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has subsidized over $2.74 trillion in property value, 26 billion square feet listed, and supports a growing community of more than 23 million yearly users.

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