The Rich Somers Report

He Owns 28,000 Apartment Units and $10.8 Billion of Real Estate | Jeff Gleiberman E104


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Rich sits down with Jeff Gleiberman - President of MG Properties. He is responsible for overseeing investment transactions, operational strategies, and partner relations. During Jeff’s tenure, MG Properties has flourished into an NMHC Top 50 Apartment owner with over 28,000 units, 880 Employees, and $10.8 Billion in Real Estate.

Rich and Jeff discuss what kinds of markets MG Properties is in, the variance of multi-family markets across the US, the tax advantages of real estate investing, 5 and 10-year-holds, the current rate environment and the Chatham forward curve, variable vs. fixed rate debt, the cap rates of the 2010s, A-Class vs. B and C-Class Properties, and the exit plans and buyer pools for MG Properties.

They also reflect on the current trajectory of fixed rate debt buyers, which buyers are currently in the market and why, what Jeff’s smallest property is, Jeff’s market projections, coastal and desert markets, the biggest deal MG Properties has made, the San Diego market, the single mistake MG Properties has made, how to effectively increase cashflow, and current construction costs.

Lastly, Rich and Jeff talk about the amount of demand in the multi-family market since the ‘90s, how renters have become more financially savvy, cultivating bonds with investors, the importance of property management, the necessity of on-site managers for multi-family properties in California, value-add projects for newly purchased properties, the importance of online reviews, rent increases, 1031 exchanges, and what advice Jeff would give to his 25-year-old self.

Connect with Jeff: [email protected]

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

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The Rich Somers ReportBy Rich Somers

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