The Source of Commercial Real Estate

Enjoy this conversation with Chad Cress, Chief Creative Officer with DJM Capital. DJM owns and operates trophy retail and mixed use properties along the west coast, and Chad is responsible for aligning the tenants with the new vision and branding. Enjoy this conversation about experiential retail, reimagining shopping malls, and attracting the right tenants to your property. Connect with Chad:www.djmcapital.comTakeawaysBranding is more important than ever in the commercial real estate industry, as consumers are becoming more sophisticated and can easily identify authentic experiences.The role of a Chief Creative Officer in real estate private equity is to oversee the creative aspects of a property, including merchandising, leasing, marketing, and environmental design.Case study: Ovation Hollywood. The project involved reimagining a retail property in Hollywood to create a place that meets the expectations of visitors and reflects the history and culture of the area.Experiential retail is a growing trend that combines entertainment and dining experiences with retail spaces. Landlords need to be flexible and think holistically to attract the right tenants and create engaging environments.Lessons learned: Resiliency and flexibility are crucial in the real estate industry. Landlords and developers should be open to adapting their strategies and staying positive in the face of challenges.Successful branding examples: Lido Marina Village in Newport Beach, which was designed to create a charming seaside village atmosphere that attracts high-end tenants.Mistakes in experiential retail: Plugging a hole with any tenant is not the solution. Landlords need to take a holistic approach and consider design, placemaking, and branding to create authentic and engaging spaces.Accomplishments and lessons learned: The ability to navigate challenges and stay positive is a significant accomplishment in the real estate industry. Resilience and a flexible mindset are key to long-term success.Influential resources: Chad recommends staying informed about cultural trends and thinking creatively by exploring sources outside of the real estate industry, such as fashion, trend forecasting websites, and podcasts.Connect with Chad and DJM Capital: Visit the DJM Capital website to learn more about their portfolio and services in reimagining properties.Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

Deborah Smith is an investment banker and is incredibly well-connected to commercial real estate institutions. In this episode, we discuss four niche asset classes you should pay attention, the challenges her clients are facing right now, tangible advice for networking, the trajectory of the market in 2024. Deborah Smith is Co-Founder and CEO of The CenterCap Group, LLC and heads the firm’s Strategic Capital and M&A and Execution efforts. Prior to forming The CenterCap Group, LLC, Ms. Smith was Co-Head of M&A and a Senior Managing Director with CB Richard Ellis Investors (CB Richard Ellis's $40 billion AUM investment management business). She joined CBREI in July 2007 to co-head the build out of the firm's M&A efforts and led the firm’s negotiation and acquisition of a majority interest in Wood Partners (one of the largest multifamily developers in the United States) in 2008. From 1998-2007, Ms. Smith worked on mergers and acquisitions with Lehman Brothers, Wachovia Securities and Morgan Stanley. Ms. Smith has been involved in more than $100 billion of mergers, acquisitions and restructuring transactions. Ms. Smith has a Bachelor of Economics, with honors, and a Bachelor of Law, with honors, from the University of Sydney.Connect with Deborah:https://www.linkedin.com/in/deborahsmith-centercap/Chapters00:00Introduction and Surprising Belief about Real Estate01:09Introduction of Guest: Deborah Smith06:27Challenges Faced by Clients in Mergers and Acquisitions09:28Impact of Interest Rates and Current Events on Real Estate Firms13:03Advice for Operators Having Difficult Conversations with Banks14:21Networking and Building Relationships in the Real Estate Industry26:04Raising Capital and Working with Institutional Investors31:10Sentiment of Institutional Investors and Networking Opportunities36:07Books and Resources for Success in Real Estate40:02Projections for the Real Estate Market43:23Conclusion and Contact InformationEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

Enjoy this discussion with Andy Gurczak, founder of All City Adjusting. Andy is a public adjuster, assisting property owners to get higher payouts on their insurance claims. In this conversation, Jonathan and Andy discuss why you and your insurance company do not have aligned interests, what you should NOT do when filing a claim, exclusions and endorsements to watch out for, and why you might want to work with a private/ public adjuster on your next major claim on a commercial real estate property. Connect with Andy:www.allcityadjusting.comAndy also provides his direct phone number at the end of the episode. TakeawaysInsurance companies often use strategies to delay or deny claims, making it crucial for insured parties to have a public adjuster on their side.Understanding the details of an insurance policy is essential to ensure proper coverage and avoid surprises during the claims process.Engaging with a public adjuster, such as All City Adjusting, can help insured parties navigate the complex claims process and maximize their claim payout.Working with a public adjuster does not typically impact insurance premiums, and insured parties cannot be dropped by their insurance company for hiring a public adjuster.Chapters00:00Introduction and Background03:07The Role of a Public Adjuster08:07Strategies Used by Insurance Companies10:26Mistakes Made by Insured Parties17:24Understanding Insurance Policies18:39Engaging with All City Adjusting20:41The Problem with Contractor Bids22:04Impact on Insurance Premiums24:35Working with a Public Adjuster26:25Engaging with All City Adjusting27:36Timeframe for Claim Resolution28:44Payment and Fees29:50Choosing the Right Public Adjuster30:56Final ThoughtsEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

Enjoy this conversation with Dave Codrea, founder of Greenleaf Capital Partners, who owns and operates a diverse portfolio of residential, office, and flex properties. In this conversation, Jonathan and Dave discuss office to flex conversions, evaluating risk, how to turn challenges into opportunity, adventure trips, plus tons more. Connect with Dave:https://www.gogreenleafmanagement.com/https://www.linkedin.com/in/davidcodrea/TakeawaysGreenleaf Capital Partners focuses on long-term cash flow and acquiring underperforming real estate assets.Office to flex space conversions present opportunities in the current market.Transparency and goal-driven operations are key to successful investor relationships.Paying attention to challenges and bad news can lead to unique investment opportunities.Chapters00:00Introduction to Dave Codray and Greenleaf Capital Partners01:26Dave's Passion for Adventure Trips06:14The Scope and Scale of Greenleaf's Portfolio08:05Transition from Residential Multifamily to Non-Residential Assets10:31Challenges and Opportunities in Commercial Non-Residential Deals13:20Office to Flex Space Conversion Strategy25:21In-House Management of Diverse Portfolio27:21Paying Attention to Bad News and Challenges as Opportunities32:40Creative Strategies with Office Properties35:18Best and Worst Deals37:25Tips for Finding Deals and Working with Investors39:13Closing RemarksEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

Roger Blankenship  is host of the real estate podcast, “Flipping America,” and is often called the “Flipping America Guy.” The Flipping America show has been ranked in the top ten business podcasts in multiple surveys and REIkit has judged it the top real estate investing podcast in each of the past two years.  Roger is an international bestselling author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 2000 houses and has been a part of hundreds more real estate transactions. In 2020 he founded the Flipping America REIA which grew to more than 40 local chapters across the country with over 20,000 members. In 2024, he combined the REIA with a trading and technology platform rebranded as the Flipping America Network. Members easily access online training and coaching and have access to an investment property trading platform. Learn more at flippingamerica.net. Roger has undergraduate degrees in Theology and Speech and graduate degrees in Education and Psychology. (He also minored in music!) It’s almost like he couldn’t decide what he wanted to be when he grew up. He will tell you this is true. He will also tell you that although he uses some of the things he learned in college, the true value of that education was in learning how to think. That skill is the key to learning business and real estate. Connect with Roger:www.flippingamerica.netTakeawaysReal estate investing can be a viable career path for those with a willingness to learn and take action.Finding deals requires talking to a lot of people and being open to creative strategies.Mindset plays a crucial role in overcoming obstacles and achieving success in real estate.Building a network and learning from experienced investors can accelerate growth and provide valuable insights.Taking the first step and getting involved in a deal is more important than waiting for the perfect conditions.Chapters00:00Introduction and Background01:30Getting Started in Real Estate05:08First Real Estate Deals08:28Transition to Rental Properties09:30Current Real Estate Work11:03Creative Real Estate Deals14:40Flipping America Network19:31Authoring Real Estate Books22:56Factors Holding People Back from Real Estate27:04Mindset and Taking Action34:23Best and Worst Real Estate Deals37:55Tips for Finding Deals40:17Recommended Resources40:45Conclusion and Contact InformationEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

A discussion with Joel Friedland about his zero debt strategy in Class B industrial real estate deals in Chicago. He shares insights on avoiding excessive debt, investing in single tenant properties, and building relationships with high net worth individuals. Joel's approach caters to wealthy investors focused on principal conservation.

Learn about the 5 Laws of Stratospheric Success with The Go Giver co-author Bob Burg. Topics include value, compensation, influence, authenticity, and receptivity. Discover why increasing income is counter-intuitive and why serving others should be the priority. Mentorship, feedback, and personal growth also play a significant role in achieving success.

In this episode, Jonathan talks with Milo Spector about opportunities for investors with early childhood assets. The two discuss opportunities for value-add, what makes a good tenant, and due diligence items. Some blue-chip tenants in this asset class include Kindercare, Learning Care Group, Busy Bees, and Bright Horizons. Connect with Milo:https://www.linkedin.com/in/milospector/TakeawaysThe early education asset class, which includes childcare and preschool centers, has gained increased interest due to its essential nature and the realization of its importance during the pandemic.Investors should consider the creditworthiness of the tenants, lease terms, location demographics, and financials when evaluating early education properties.Strong guarantors in the early education asset class include well-known operators like KinderCare, Learning Care Group, and Busy Bees.State programs that provide funding for early education can impact the demand for these assets, but it is important to consider the level of subsidy and the fit of the brand within the community.Investors should conduct thorough due diligence, including analyzing enrollment trends, property condition, and potential value-add opportunities.There is demand for vacant early education properties, especially from operators looking to expand their presence in certain areas.Investors should be aware of the nuances of debt financing in the early education asset class, including the prevalence of recourse debt and lower loan-to-value ratios.The future outlook for the early education asset class is positive, with increasing demand and potential for growth in certain markets.Chapters00:00Introduction and Background03:00Defining Early Education Assets04:17Impact of the Pandemic on Child Education Assets06:12Increased Interest in the Early Education Asset Class08:41Nuances of Valuing Early Childhood Properties10:45Lease Expectations for Early Education Assets12:08Strong Guarantors in the Early Education Asset Class13:48State Programs and Their Impact on Child Education Assets16:40Due Diligence for Early Education Asset Investments18:26Value-Add Opportunities in the Early Education Asset Class20:16Demand for Vacant Early Education Properties22:34Analyzing Supply and Demand in the Early Education Market24:30Higher Barrier to Entry Markets and Potential Opportunities27:37Considerations for Debt Financing in the Early Education Asset Class29:34Future Outlook and Connecting with Milo SpektorEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools. 

Dr. Alex Tam discusses raising capital efficiently using 12 VAs, targeting medical professionals as limited partners. He emphasizes building relationships through mastermind groups, doctor networking groups, and proper training for VAs. Mindset is key for success in business and real estate. Find out more about his strategies and experiences in this insightful podcast.

Discover how MAG Capital Partners acquires industrial assets through sale-leaseback, vetting tenants and aligning interests with full recourse debt. Explore the benefits of single tenant industrial properties, diversified investment strategies, and navigating tenant default in commercial real estate.