In-Depth Commercial Real Estate

In this episode, Paul speaks to Jeff Lerman about Joint Ventures. They go in-depth about the role of the Real Estate Attorney, the basics of joint ventures and how they differ from syndications, things to be aware of when putting together a joint venture partnership, and more. 

About our guest:

Jeff is a Co-Funder and Managing Partner at Lerman Law Partners, LLP, a California Real Estate and Estate Planning Law firm focused on investors. He handles acquisitions and sales, entity formation, syndication, commercial leases, loan documents, construction documents, loan work-outs, and litigation involving each of these areas as well as unfair business practices litigation.

Jeff’s LinkedIn: https://www.linkedin.com/in/realestateinvestorlaw/ 

Jeff’s articles:

“17 Steps To A Successful Joint Venture”: https://www.realestateinvestorlaw.com/wp-content/uploads/sites/1102721/2019/08/17-Steps-to-A-Successful-Joint-Venture-FINAL.pdf 

“12 Warning Signs You’re Headed for a Lawsuit with your Partner”: https://www.realestateinvestorlaw.com/blog/2019/06/12-warning-signs-youre-headed-for-a-lawsuit-with-your-partner-part-1/ 

Book recommendations:

"Principles of Real Estate Syndication" by Samuel K. Freshman: https://www.amazon.com/dp/B00QNZSTD6/ref=cm_sw_r_tw_dp_BJYP1PZJKWF2QNWDSSMJ 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Jeff Adler about political risk. They go in-depth about his 2020 article “Calculating political risk”, his political risk model and how he came to research and model it, his philosophy towards affordability, predictions for the future, and more. 

About our guest:

Jeff is the Vice President of Yardi Matrix, the data division of Yardi Systems, which is a US multifamily, student housing, office, medical office, industrial, retail, and self-storage asset information toolset for originating, underwriting, and asset managing commercial real estate investments.

Jeff’s LinkedIn: https://www.linkedin.com/in/jeremy-roll-655107/ 

“Calculating political risk” 2020 article:

https://www.afire.org/summit/calculating-political-risk/ 

Book recommendations:

“Big Debt Crises” and "The Changing World Order" by Author: https://www.principles.com/ 

“The End of the World is just the Beginning” by Peter Zeihan: https://zeihan.com/end-of-the-world/ 

“The Road to Serfdom” by Friedrich Hayek: https://www.amazon.com/dp/B0B5FT392J/ref=cm_sw_r_tw_dp_9RH95RJANZAYYKQARB5J 

“Capitalism and Freedom” by Milton Friedman: https://www.amazon.com/Capitalism-Freedom-Anniversary-Milton-Friedman/dp/0226264211 

Video recommendations:

“Jocko Willink: Discipline = Freedom”: https://youtu.be/eBmVv2P-v2s 

“Simon Sinek: Why Leaders Eat Last”: https://youtu.be/ReRcHdeUG9Y 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Jeremy Roll about passive investing. They go in-depth about his path into real estate, diversification in passive investing, his preferred asset classes for predictability, and how to choose sponsors. 

About our guest:

Jeremy is the President at the Roll Investment Group, where he leads efforts to seek passive / managed alternative investment opportunities in Real Estate. He is also a Co-Founder of For Investors By Investors (FIBI), a network of monthly public investor meetings that focuses on alternative investments, such as real estate, throughout Southern California and across multiple states. FIBI is the largest series of monthly public non-institutional real estate investor meetings in California, with 12 chapters and over 30,000 members. 

Jeremy’s LinkedIn: https://www.linkedin.com/in/jeremy-roll-655107/ 

More about FIBI here: https://forinvestorsbyinvestors.com/ 

FIBI on Facebook: https://www.facebook.com/FIBISouthBay 

FIBI on Twitter: https://twitter.com/fibisouthbay 

Book recommendations:

"Rich Dad Poor Dad" and “Rich Dad's Cashflow Quadrant” by Robert T. Kiyosaki.

You can get them both at https://store.richdad.com/collections/books 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Steve Sawicki about Co-Warehousing. They go in-depth about the inner workings of Saltbox, how they manage their locations, and the impact the co-warehousing movement has had in the ecommerce industry. 

About our guest:

Steve is the Director of Real Estate at Saltbox, a pioneer company in the co-warehousing movement that has revolutionized the ecommerce industry. Saltbox offers a purpose/built network or flexible warehouses that target the ecommerce industry and the next generation of entrepreneurs, giving them access to a number of operational and logistics tools and infrastructure. 

Steve’s LinkedIn: https://www.linkedin.com/in/stephensawicki/ 

More about Saltbox here: http://www.saltbox.com/ 

Saltbox on Facebook: https://www.facebook.com/joinsaltbox/ 

Saltbox on Instagram: https://www.instagram.com/joinsaltbox/ 

Saltbox on Twitter: https://twitter.com/joinsaltbox/ 

Book recommendations:

"Rethinking Real Estate: A Roadmap to Technology’s Impact on the World’s Largest Asset Class" by Dror Poleg: https://rethinking.re/ 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Scott Choppin about workforce housing. They go in-depth about Scott’s background, his urban townhouse model, multi-earner households, and how housing costs and household structures have evolved in recent times.

About our guest:

Scott is CEO and founder of the Urban Pacific group of Companies, a Real Estate Development Company focused on the innovative UTH (Urban Town House) rental housing model, which was created by them. UTH is a construction housing model that pairs private capital with multi-generational workforce rental housing.

Scott’s LinkedIn: https://www.linkedin.com/in/scottchoppin/ 

Scott’s Twitter: https://twitter.com/ScottChoppin 

More about Urban Pacific here: https://www.urbanpacific.com/ 

Book recommendations:

"Antifragile: Things That Gain from Disorder" by Nassim Taleb

https://www.amazon.com/dp/0812979680/ref=cm_sw_r_tw_dp_YJY0Y6Q2E06DQ8G0CDPV

“The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammous

https://www.amazon.com/dp/1119473861/ref=cm_sw_r_tw_dp_S5SDZDP1ZBXF8EY5DR3Q

“The Sovereign Individual: Mastering the Transition to the Information Age” by James Dale Davidson and William Rees-Mogg 

https://www.amazon.com/dp/0684832720/ref=cm_sw_r_tw_dp_KGQP7ECQRMDTKQ78C0HG 

“The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” by Jeff Booth

https://www.amazon.com/dp/1999257405/ref=cm_sw_r_tw_dp_6SFR2TG82JA8VBQZ9BSY 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Greg Lyon and Patrick Winters about retail architecture. They go in-depth about working on a project in the middle east vs the US, changes in retail architecture and common mistakes they see clients make.

About our guest:

Greg Lyon and Patrick Winters are Principals of Nadel Architects. Greg serves as the company’s chairman, and Patrick as the president. Nadel is a Los Angeles leading architectural and design firm. For decades, they’ve been leading the industry in a broad array of environments, integrating community and creative design.

Greg’s LinkedIn: https://www.linkedin.com/in/lyongreg/ 

Patrick’s LinkedIn: https://www.linkedin.com/in/patrick-winters-8a252b7/ 

Patrick's book recommendation:

"The Architecture of Happiness" by Alain de Botton

https://www.alaindebotton.com/architecture/

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Dr. Peter Linneman about the state of the US Economy. They go in-depth about his path into economics, the impact of the COVID-19 pandemic in work dynamics and future opportunities in real estate.

About our guest:

Peter is Principal at Linneman Associates; CEO of the American Land Fund; and an Emeritus Professor and Founding Chairman of The Wharton School’s Real Estate Department at the University of Pennsylvania. He is also the author of The Linneman Letter, a “one-stop-shop” quarterly publication for commercial real estate investors, as well as anybody seeking to understand today’s ever-changing economic and geo-political environment.

Peter’s LinkedIn: https://www.linkedin.com/in/peterlinneman/ 

Peter’s Twitter: https://twitter.com/P_Linneman 

“The Linneman Letter”:

https://www.linnemanassociates.com/the-linneman-letter 

Peter’s book “Real Estate Finance and Investments: Risks and Opportunities”:

https://www.linnemanassociates.com/real-estate-finance-textbook 

NEW Book

“The Great Age Reboot” by Michael F. Roizen, M.D. with Peter Linneman & Albert Ratner

https://www.amazon.com/Great-Age-Reboot-Cracking-Longevity/dp/1426221517 

Peter’s book recommendations: 

"The rational optimist" by Matt Ridley

https://www.rationaloptimist.com/ 

"Free to Choose: A Personal Statement" by Milton Friedman

https://www.amazon.com/Free-Choose-Statement-Milton-Friedman/dp/0156334607 

YouTube Series: https://youtube.com/playlist?list=PLXD32Z5YYifX8J3Kp-WBA9Ongy0p1C1u9 

"Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters" by Steven E. Koonin

https://www.amazon.com/Unsettled-Climate-Science-Doesnt-Matters/dp/B0948623S1 

"False Alarm" by Bjørn Lomborg

https://www.amazon.com/False-Alarm-Climate-Change-Trillions/dp/1541647467 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Paul Kaseburg about Multifamily investing and how to evaluate real estate sponsors. They go in-depth about his work at the MG Property Group, the current investment climate and macro trends, his acquisition process, and the most common mistakes you can make when deciding whether or not to make a deal.

About our guest:

Paul is the Chief Investment Officer at the MG Properties Group. He is responsible for the firm’s acquisition, disposition, and capital markets activities. He has 17 years of experience in real estate private equity investment, capital markets, and corporate M&A. Prior to joining MG, he held various roles in commercial real estate debt and equity acquisitions, development, and financing.

Paul’s LinkedIn: https://www.linkedin.com/in/kaseburg/ 

Paul’s book “Investing in Real Estate Private Equity”:

https://www.amazon.com/Investing-Real-Estate-Private-Equity-ebook/dp/B01IW0G0S0 

Paul’s book recommendations: 

The “Investing for adults” series by William Bernstein: 

https://www.amazon.com/gp/product/B074CJC6KG

“The Black Swan” by Nassim Nicholas Taleb:

https://www.amazon.com/gp/product/B00139XTG4 

“Wooden: A Lifetime of Observations and Reflections On and Off the Court” by John Wooden:

https://www.amazon.com/Wooden-Lifetime-Observations-Reflections-Court-ebook/dp/B003TO4TKQ/

“Meditations: A New Translation” by Marcus Aurelius:

https://www.amazon.com/Meditations-New-Translation-Marcus-Aurelius-ebook/dp/B08RP7Z54J/ 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Matt Larriva about real estate econometrics. They go in-depth about alternative data sources, demographic trends and migration patterns.

About our guest:

Matt is the director of Research and Analytics at FCP, where he leverages data science and quantitative methods to enhance asset selection, management, and disposition. His focus is on quantitative research, predictive analytics, and data infrastructure.

FCP is a privately held real estate investment company that has invested in or financed more than $8.6 billion in assets since its founding in 1999.

Matt’s Contact info: https://www.fcpdc.com/member/matt-larriva/ 

Matt’s book recommendations: 

Code Complete (Book by Steve McConnell):

https://www.amazon.com/gp/product/0735619670/ 

Love, Dishonor, Marry, Die, Cherish, Perish (Book by David Rakoff):

https://www.amazon.com/gp/product/B00B3GMHWO/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i3 

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].

In this episode, Paul speaks to Gene Trowbridge about the details of an operating agreement. They go in-depth on the fundamentals of syndication and securities, the three biggest mistakes a syndicator can make, and some key opportunities to take advantage of today.

About our guest: 

Gene is a nationally recognized syndication and securities attorney. He is the funding partner for the Trowbridge law group LLP that concentrates on the syndication of commercial and investment real estate, through both debt and equity.

You can find all of Gene’s contact info on his law group’s website at https://trowbridgelawgroup.com/

 You can also get his book “It’s A Whole New Business” in Amazon.

Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.

For any inquiries or comments, you can reach us as [email protected].