How are institutional investors navigating the Los Angeles apartment market in 2024? In this episode of No Vacancy with Taylor Avakian, Trion Properties' ($1.5B AUM) heads of acquisitions, Farhan Mahmood and David Moghavem break down their strategy for finding value in today's high interest rate environment.

Learn how institutional investors are:

- Finding 6-cap deals in Los Angeles

- Comparing LA vs Sunbelt opportunities

- Navigating high interest rates

- Identifying out-of-favor market opportunities

- Growing from local to institutional scale

Featuring insights from Farhan Mahmood and David Moghavem of Trion Properties on their journey from local investor to managing $1.5B in multifamily assets across 7 states.

Microchapters:

00:00 - Introduction to Farhan & David from Trion Properties

02:00 - Getting into Real Estate & Early Career Experience

03:56 - Experience During the 2008 Financial Crisis

07:15 - Introduction to Trion Properties ($1.5B AUM, 7,500 units)

11:08 - Current Market Analysis: LA vs Other Markets

13:50 - Breaking Down Cap Rates Across Markets

15:20 - Downtown LA Market Analysis & Olympic Impact

20:45 - Institutional Investment Strategy 2024

25:30 - Deal Structure & Investment Returns Discussion

31:15 - Evolution of Syndication Models

35:40 - Fixed vs Floating Rate Debt Strategy

42:15 - Long-term Hold vs Sale Strategy Discussion

48:30 - Market Analysis: Portland & Out-of-Favor Markets

53:15 - Technology & AI in Real Estate

59:30 - Building Trust in Real Estate Investment

1:05:45 - The Future of Los Angeles Real Estate

1:14:20 - Alternative Asset Class Opportunities

1:20:45 - Closing Thoughts & Miami Plans

Never miss an episode! Subscribe on your preferred platform and rate our show ⭐⭐⭐⭐⭐:

🍏Apple Podcast: https://podcasts.apple.com/us/podcast/no-vacancy-with-taylor-avakian/id1768889293

🎧 Spotify: https://open.spotify.com/show/0mqgyJK00yivmqfH8zzLQW?si=f5ab2abbbe734fd7&nd=1&dlsi=5a2d156924c747fb

📈 Connect with me:Website: https://www.thegroupcre.com/Email: [email protected]: https://x.com/TAYVAY_LinkedIn: https://www.linkedin.com/in/tayloravakian/