In this episode, David Moghavem speaks with Adrian Berger from Cypress Equity Investments about the current state of the real estate market, the challenges and surprises in lending, and the importance of networking. They discuss the shift in off-market deals, the company's development strategy, and the potential opportunities in self-storage and affordable housing. Adrian shares insights on navigating insurance and operating expenses in LA, as well as the significance of building relationships in the industry.

Chapters

00:00 Intro
01:35 Navigating the Current Market Landscape
04:37 Surprises in Lending and Valuation
07:38 The Shift in Deal Dynamics
10:33 Cypress Equity's Evolution and Strategy
13:26 Co-GP Partnerships and Diversification
16:36 Future Directions and Market Opportunities
21:07 Exploring Market Opportunities and Challenges
24:32 Impact of Local Regulations on Development
27:39 The Role of Long-Term Relationships in Development
30:30 Adjusting Underwriting for Current Market Conditions
32:30 Comparing LA with Other Markets
33:40 Covered Land Plays and Their Benefits
34:39 Investor Sentiment and Market Confidence
35:33 The Future of the Entertainment Industry in LA
37:54 The Ebb and Flow of LA's Market
40:40 Investment Strategies in a Changing Landscape
41:52 Navigating Affordable Housing Challenges
45:14 The Complexity of Building in LA
48:03 Insurance Challenges in Real Estate
49:45 The Importance of Networking in Real Estate

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In this episode of Deal Flow Friday, David Moghavem, Max Sharkansky, and Mitch Paskover discuss the current state of the real estate market, focusing on the impact of tariffs, inflation, interest rates, and investment strategies. They explore how these factors are influencing consumer confidence, lender behavior, and overall market trends. The conversation also delves into geographical investment opportunities and the challenges faced by investors in today's economic climate, concluding with thoughts on future market predictions and operational challenges.

Chapters

00:00 Introduction and Yearly Recap
02:16 Tariffs and Economic Predictions
04:48 Impact of Tariffs on Multifamily Sector
08:10 Interest Rates and Future Predictions
11:31 Investment Strategies and Market Trends
15:31 "The Party Is Over" In The Midwest
19:28 Long West Coast? Depends Where. 
23:06 Emerging Distress in the Market
28:33 Investor Sentiment and Market Dynamics
33:46 Long-Term Perspectives on Real Estate Investments
39:50 Optimism and Future Market Predictions

In this episode of Deal Flow Friday, host David Moghavem interviews Mike Sroka, founder and CEO of Dealpath, discussing the evolution of PropTech, the impact of economic changes on the real estate market, and the role of AI in enhancing real estate management. They explore how Deal Path has adapted to client needs and the importance of technology in navigating the current market landscape. The conversation also touches on the future of real estate technology and the potential for a rebound in the Bay Area.

Chapters

00:00 Introduction to Deal Path and PropTech Innovations
03:31 Mike Sroka's Journey and the Birth of Dealpath
09:27 Evolution of the Real Estate Software Landscape
12:48 Navigating CRE Market Changes as a PropTech Company
15:44 The Value of Dealpath in Different Market Conditions
21:42 Adapting to Client Needs and Market Trends
27:52 Leveraging Data for Product Development
31:04 The Role of AI in Real Estate
38:34 Assessing Technology Needs in Real Estate
40:13 Real Estate's Digital Transformation Journey
45:50 The Future of Real Estate in a Tech-Driven Market

In this episode of Deal Flow Friday, host David Moghavem speaks with Aleksey Chernobelskiy, founder of the GPLP match platform. They discuss the journey of entrepreneurship, the creation of the GPLP match platform, and the importance of connecting general partners (GPs) with limited partners (LPs) in real estate. Aleksey shares insights on leveraging technology, social media strategies, and common pitfalls in GP presentations. The conversation also touches on market insights, asset classes, and advice for LPs navigating investment opportunities.

Chapters

00:00 Introduction
04:19 The GPLP Match Platform: Concept and Creation
05:18 The GP-LP Match Platform
06:50 The People Behind the Deal
10:39 Solution to Managing Deal Flow
13:44 Leveraging Technology to Increase Efficiency
15:20 Social Media Presence & Strategy
18:26 Common Pitfalls in GP Decks
18:32 Navigating Political Risks in Real Estate
20:55 Advice for LPs: Sifting Through Deals
21:20 Aleksey's GP Pet Peeves & Red Flags
24:21 What type of deals is Aleksey Bullish on? 
29:24 Aleksey's Recommendations to LPs 

In this episode of Deal Flow Friday, host David Moghavem speaks with Greg Rollman, Managing Director at Tryperion Holdings. They discuss insights on contrarian investment strategies in office, retail, and multifamily sectors. Greg shares his contrarian approach to investing in regional malls and emphasizes the importance of in-place operations. The conversation also touches on geographic preferences in investment and the future outlook amidst market uncertainty. Last but not least, David and Greg foreshadow the looming effect on tariffs on commercial real estate, and the impact it will have on the industry.

Chapters

00:00 Introduction and Background
04:39 Investment Strategies in Office and Retail
15:06 Exploring the Mall Investment Philosophy
20:21 Future Outlook and Market Dynamics
29:12 Future Outlook
33:52 Tariffs effect on CRE

David Moghavem was hosted with 3 other esteemed guests in the Real Estate Multifamily industry at IMN's annual Florida Middle-Market Multifamily Forum in Coral Gables, FL at The Loews Coral Gables. Their conversation delves into the complexities of the real estate market, focusing on the interplay between cap rates, interest rates, and market dynamics. The speakers, all experienced professionals in real estate development and investment, discuss the current state of the market, the challenges posed by rising interest rates, and the implications for future investments. They explore operational distress, the impact of supply and demand, and the importance of understanding regional market differences. The discussion also highlights strategies for navigating the current landscape, including the need for flexibility and the potential for future opportunities as interest rates fluctuate.

Moderator: Fernando Levy Hara, Principal, Unico Developers

Panelists:
David Moghavem, Director of Acquisitions, Trion Properties
Branko Kuzmanovic, Director of Acquisitions, Empira Group
Jeffrey Ardizon, Principal, The Estate Companies

Chapters:

00:00 Intro
01:52 Understanding Cap Rates and Interest Rates
07:16 Market Trends and Operational Distress
09:58 Navigating Construction and Value-Add Strategies
13:01 The Impact of Supply and Demand
15:52 Investment Strategies in a Changing Market
18:39 Regional Market Comparisons
21:18 Future Projections and Market Sentiment

In this episode of Deal Flow Friday, host David Moghavem interviews Andrew T. Cramer, owner of Bridgeview Asset Management, who shares insights on mobile home park investments, the evolution of the manufactured housing market, and the challenges posed by stigma and rent control. Andrew discusses his investment strategies, the importance of adding value for tenants, and the unique opportunities in the Pacific Northwest. The conversation emphasizes the need for education and awareness in addressing the housing crisis and highlights the potential for manufactured housing to provide affordable solutions.

Chapters

00:00 Introduction to Bridgeview Asset Management
03:45 Investment Thesis in Mobile Home Parks
05:55 Evolution of Mobile Home Parks
07:22 Shifting Investor Perceptions
09:15 Target Metrics and Investment Strategies
12:56 Value Creation for Tenants via Value Add Play
17:20 Challenges and Opportunities in Rent Control
20:43 The Impact of Legislative Decisions on Housing
23:25 Challenges and Opportunities in the Pacific Northwest
27:14 Navigating Risks in Tertiary Markets
34:23 Addressing the Housing Crisis with Innovative Solutions

In this episode, David Moghavem and Brooks Colquitt delve into the Atlanta real estate market, exploring its growth, appeal, and the various economic drivers that make it a prime location for investment. They discuss the geographical dynamics of the city using the 'Martini Glass' analogy, highlighting the differences between North and South Atlanta. The conversation also covers current market conditions, the impact of bad debt and evictions, and the role of institutional capital in shaping the market's future. With insights on cap rates and investment strategies, this episode provides a comprehensive overview of why Atlanta remains a hot spot for real estate investment, and why now may be the time to strike. 

Chapters

00:00 Introduction to Atlanta's Real Estate Market
04:26 Why Atlanta?
09:47 "The Martini Glass" - Understanding Atlanta on a Map
10:40 "The Stem" HWY 400 Corridor (Buckhead, Midtown) 
12:08 "The Glass" North Atlanta 
13:44 Belief in the Basis Play for North Atlanta
17:20 "The Base of the Martini Glass" South Atlanta
23:16 Values have dropped, but has much changed operationally? 
27:27 The Bad Debt Situation and Its Impact
35:21 Institutional Capital's Return to Atlanta
39:13 Identifying Bullish Markets in Atlanta
42:34 Investment Strategies for Current Market Conditions
45:19 0306(1).mp4

YOU CAN CONTACT BROOKS COLQUITT AT [email protected]

In this episode of Deal Flow Friday, David Moghavem hosts Alan "LAZ" Lazowski, founder and CEO of LAZ Parking, shares his journey from starting a valet parking service in Hartford to building one of the largest privately held parking companies in the U.S. He discusses key moments of growth, the importance of mentorship, and the transition into commercial real estate investments, including starting LPRI, LAZ Investments, and other successful partnerships in commercial real estate. Alan emphasizes the significance of conscious capitalism, philanthropy, and the value of building genuine relationships in business. He also offers valuable advice for young entrepreneurs on resilience, integrity, and the importance of giving back to the community.

Chapters

00:00 Introduction to Alan Laz and Laz Parking
04:13 The Founding Story of Laz Parking
06:36 Key Moments and Breakthroughs in Business
14:19 Breaking into New Markets
16:04 LAZ Investments, Opportunities in Commercial Real Estate
19:22 Why Alan is Bullish on Hartford Connecticut
21:52 LPRI Strategy - Parking Lot Covered Land Plays
23:49 Dolby Theatre Acquisition 
28:41 Conscious Capitalism
30:39 Being a Force for Good; Helping Others Unconditionally 
32:17 How Alan's Parents as Holocaust Survivors Shaped His Outlook On Life
35:24 Facing Adversity
40:05 Paying it Forward
43:04 Having a Higher Purpose and Giving Back

CONNECT WITH ALAN at [email protected]

Deal Flow Friday & No Vacancy Collab! On This weeks episode of Deal Flow Friday, David Moghavem sits with Taylor Avakian, Founder of The Group CRE and host of No Vacancy Podcast, along with Farhan Mahmood, Partner at Trion Properties, to discuss the latest opportunities in Multifamily Real Estate.  

Microchapters:

0:00 Teaser & Intro

1:11 Introduction to Farhan & David from Trion Properties

3:11 Getting into Real Estate & Early Career Experience

5:07 Experience During the 2008 Financial Crisis

8:26 Introduction to Trion Properties ($1.5B AUM, 7,500 units)

12:19 Current Market Analysis: LA vs Other Markets

15:01 Breaking Down Cap Rates Across Markets

16:31 Downtown LA Market Analysis & Olympic Impact

21:56 Institutional Investment Strategy 2024

26:41:00 Deal Structure & Investment Returns Discussion

32:26:00 Evolution of Syndication Models

36:51:00 Fixed vs Floating Rate Debt Strategy

43:26:00 Long-term Hold vs Sale Strategy Discussion

49:41:00 Market Analysis: Portland & Out-of-Favor Markets

54:26:00 Technology & AI in Real Estate

1:00:41 Building Trust in Real Estate Investment

1:06:56 The Future of Los Angeles Real Estate

1:15:31 Alternative Asset Class Opportunities

1:21:56 Closing Thoughts & Miami Plans