The Fort

#331 - David Moore - Co-Founder & CEO @ Knightvest Capital - Investing in 55,000 Apartment Units: Stories, Lessons Learned, and Insights On Current Apartment Market


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David Moore is the founder and Managing Partner at Knightvest. Under David’s leadership, Knightvest has acquired over 55,000 units at a total capitalization of approximately $10.0 billion. Since inception, Knightvest has sold over 15,000 units with an average IRR and multiple of over 30% and 2.2x, respectively.

On this episode, Chris and David discuss:

  • Making key hires to grow the company
  • The explosion of the Class B multifamily market 
  • A walkthrough of a typical deal
  • The American renter in 2024
  • Construction & labor cost hikes
  • State of the market update 2022-2024

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    Links

    Knightvest Capital - https://knightvestcapital.com/

    David on LinkedIn - https://www.linkedin.com/in/david-moore-03005a39/

    Topics

    (00:00:00) - Intro

    (00:04:45) - David’s first property 

    (00:13:08) - The decision to focus on multifamily

    (00:20:46) - Scaling Knightvest

    (00:24:01) - Multifamily is HARD work

    (00:27:25) - Becoming the best renovator

    (00:29:47) - Making key hires to grow the company

    (00:34:40) - The Class B MF market taking off

    (00:42:32) - Walkthrough of a typical deal

    (00:46:20) - The American renter in 2024

    (00:54:09) - Thoughts on construction & labor cost hikes

    (00:58:17) - State of the Market Update 2022-2024

    (01:19:22) - Technology innovations

    (01:21:32) - What do you think about often in multifamily?


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    The FortBy Chris Powers

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