Jeff Burns is the Founder and CEO of Affiliated Development, a real estate development company headquartered in Fort Lauderdale, Florida.  Mr. Burns has more than 15 years of experience in the acquisition, development, and finance of a wide array of property types in markets across the United States.  With an extensive background and longstanding relationships, Mr. Burns has a proven track record to see real estate opportunities from conception through to reality.

On this episode, Jeff & Jake discuss:

• How Affiliated works with city governments to develop workforce housing
• Raising capital
• Walkthrough of a typical deal
• Construction, design, and underwriting

Links:

Affiliated Development

Jeff on LinkedIn

The Dalmar Hotel

Connect & Invest with Jake:

Follow Jake on Twitter: https://twitter.com/jwurzak

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Timestamps:

(00:01:52) Jeff’s career

(00:08:48) Choosing to play in the Multifamily asset class

(00:14:41) Utilizing HUD loans

(00:15:27) How do you find markets to enter?

(00:18:44) How Jeff engages with city governments

(00:21:17) Defining workforce housing

(00:27:14) What incentives are you getting from cities and counties?

(00:37:44 How are you raising capital?

(00:46:01) How long does a typical deal take from start to finish?

(00:48:30) How are you using your in-house architecture function?

(00:53:46) How are you thinking about construction costs and design?

(01:02:06) How are you underwriting deals?

(01:10:30) How do you choose your property managers?

(01:14:01) How do you approach inclusionary housing?

(01:16:37) What is your favorite hotel?