David Gordon, a real estate developer, discusses his background and current projects, with a focus on qualified opportunity zones (QOZs). He explains the purpose and benefits of using the QOZ vehicle, including the ability to provide a higher level of impact to communities without financial assistance from local municipalities. Gordon emphasizes his long-term hold strategy, building high-quality projects with the intention of holding them forever. He discusses the challenges and market trends in Bozeman, Montana, and the importance of a well-structured team. Gordon also touches on the capitalization and exit strategy for his projects, including the use of crystallization and true-up provisions in operating agreements. In this conversation, the guest discusses the importance of upscaling advisors and finding an attorney who has the heart of a teacher. They also talk about future episodes and introduce the Streamlined Spotlight segment. The guest then shares how they have recently adopted Yardi Voyager to streamline their business and improve their accounting processes.

Takeaways