Drew Breneman discusses his real estate investment strategies, focusing on his experience investing in multifamily apartments in Chicago and the Midwest. He emphasizes the importance of understanding local markets and dispels the notion that blue states and cities are not good investment opportunities. Drew also shares insights into financing strategies, including the use of agency loans and refinancing to maximize returns. He discusses his approach to expanding his capital base and attracting investors, highlighting the value of personal connections and providing educational resources. In this conversation, Drew later discusses his experience in building an investor network and the importance of referrals. He also shares his approach to long-term holds and the benefits of refinancing. Drew emphasizes the significance of cash flow and long-term compounding in real estate investing. He discusses the pros and cons of in-house property management versus third-party management. Lastly, Drew highlights the importance of focusing on doing good deals rather than setting specific goals for growth.

00:00 Introduction and Background
01:42 Investing in Chicago
05:04 Operational Focus
07:12 Market Selection
09:15 Investing in the Midwest
13:16 Different Business Plans
22:37 Expanding Capital Base
24:11 Building an Investor Network
27:02 Long-Term Holds and Refinancing
30:11 Focus on Cash Flow and Long-Term Compounding
34:45 Property Management: In-House vs. Third Party
39:23 The Role of the Operator
46:29 Focus on Doing Good Deals

Drew's Link https://www.breneman.com/downloads

I was joined by Bobby Fijan,  the Bill James of Floorplans, to talk about the science of floorplans. Not only from a feasibility and quantitative standpoint, but also regarding the lack of apartments being built for families instead of just roommates in today's environment. We also discussed long term financing, and build to own rather than build to sell. 

Michael King, JT Redd and I discussed the current state of the investment sales market in Salt Lake City. JT and Michael are my go-to resource for all things Investment Sales in. Their team currently has $500M of commercial real estate for sale and under contract, and nobody spends more time talking to buyers, sellers, developers, and LP equity than these two. 

Timestamps
00:00 - Mini Perm Construction
06:24 - Building in Downtown SLC
09:27 - Strategies in Current Market
12:14 - Preferred Areas/ Amenities
16:35 - Townhomes
18:20 - Construction Costs
20:45 - Industrial Market
28:36 - Conversions
34:13 - Who Is Buying Right Now
35:55 - Ground Floor Retail on Apartments
39:28 - Office & Retail
42:18 - Class A Strike Prices

I was joined in studio by my friend Tyler Alley of Rose City Partners. I aspire to have Tyler's level of sophistication when it comes to building strip malls. We go through the entire cycle:

Acquisition 

Entitlements

Financing

Construction

Leasing 

To Drive Thru or Not To Drive Thru

The whole nine yards! Tyler is giving PHD level advice here, and I'm just happy to be along for the ride

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Links:

Tyler on twitter/X: LINK 

Tanner on https://www.linkedin.com/in/tanner-webster-76b182193/

Tanner on Twitter/X: https://twitter.com/twallyweb

Masters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videos

Masters in Real Estate is produced by https://www.zuumpost.com/

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Show Notes: I'm joined by Charles Farnsworth, Fund Director at 1892 Capital Partners. 1892 Capital Partners is a balance sheet lender that provides flexible capital to opportunistic sponsors. Give Charles a call on your next deal!

In this episode, we discuss:

• Charley's Early Days of Flipping Houses
• How Credit Strategies Can Fill The Holes In Institutional Lending
• Balance Sheet Lenders vs Funds
• Looking beyond LTV and LTC
• Mezzanine Loans

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Links:

Charles on Linkedin: Link
Charles' Email: [email protected]
Charles' Phone Number: (253) 592-3452

1892 Capital's Website: Link

Tanner on Linkedin https://www.linkedin.com/in/tanner-webster-76b182193/

Tanner on Twitter/X: https://twitter.com/twallyweb

Masters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videos

Masters in Real Estate is produced by https://www.zuumpost.com/

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I'm lucky enough to be joined by my friend and mentor Dan Stanger from Bridge Investment Group. Dan is a wealth of knowledge and brings over 28 years of commercial real estate experience. Dan co-founded the predecessor to Bridge Investment Group, CDS Investments, in 1997 and led Bridge to become a publicly traded company in 2021. Dan retired from Bridge in 2022 and now lives with his wife Anna while they work together on their non-profit The Danna Foundation. 

In this episode, we discuss:

• Dan's Background
• The beginning of Bridge Investment Group
• Scaling your company
• Doing things with honor and integrity
• Developing Golf Courses
• Where we're at in the economy

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Links: 

Tanner on Linkedin 

Tanner on Twitter/X: @twallyweb

Masters In Real Estate: Youtube

Masters in Real Estate is produced by Zuumpost

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On this episode, we discuss:

• The Commercial Real Estate Market Today
• Buying from Motivated Sellers
• Why you need to sell your properties
• Fundraising from whales vs minnows
• The path to escaping your financial partners
• Credit Tenants

John Mcnellis, of McNellis Partners, is a legend in the development world. He has written about his numerous experiences as a bay area shopping center developer, and it was an honor to host John for this podcast.

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Links:
John's Book: Making It In Real Estate
John's Book: O'Brien's Law
John on Linkedin: Link
John's Website: Link
Tanner on Linkedin
Tanner on Twitter/X: @twallyweb
Masters In Real Estate Youtube
Masters in Real Estate is produced by Zuumpost
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I'm here with Hunter Hopcroft, Managing Director Portfolio Solutions at Armada ETF Advisors. Hunter's role in the allocator space has led to an exceptional level of experience across all aspects of real estate. 

On this episode, we discuss:

• Late Cycle Phenomenons
• REITs vs REOCs
• Shorting Office REITs
• How GPs Are Bootstrapping Options
• Valuing REITs
• How small sponsors can grow and scale correctly

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Show Links:

Hunter on Linkedin: LINK
Hunter on  Twitter/X: LINK
Hunter's Blog: LINK

Tanner on Linkedin 

Tanner on Twitter/X: @twallyweb

Masters In Real Estate: Youtube

Masters in Real Estate is produced by Zuumpost

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• John's Background
• The world of retail tenant expansion
• How small business operators should invest in real estate 
• How to get LP equity beyond friends and family 

Scott Choppin is the founder of Urban Pacific Group. With 35 years of development experience, Scott oversees the fundraising, strategic planning, and site acquisition process for UPG.

On this episode, we discuss:

• What an Urban Townhouse is
• How Scott is executing on his strategy
• Why Scott is long California
• The future of Urban Pacific Group

The Birth of Urban Townhouse (00:00 - 07:42)

• 00:00 - Introduction
• 00:25 - Shifting Away from Podium-style Buildings
• 02:51 - First UTH Project in Downtown Long Beach
• 06:10 - Validation Through Rental Demand

Evolution and Efficiency (07:42 - 14:05)

• 07:42 - Evolution of UTH
• 08:22 - Efficiency in Design
• 10:50 - UTH Floor Plan
• 12:19 - Target Demographic

Cost-Effective Design and Collaboration with Cities (14:05 - 32:22)

• 14:05 - Emphasis on Cost Effectiveness
• 16:28 - Unit Size Perception
• 18:50 - Ideal Site Characteristics

Chapter 4: Affordable Housing Strategies, Construction, and Fund Structure (32:22 - End)

• 32:22 - Negotiating Affordable Housing Incentives with Cities and Collaborating with Cities on Grants and Subsidies
• 38:11 - Transitioning to In-House Construction Management and Building Expertise
• 42:31 - Establishing and Scaling the UPF

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Scott on twitter/X: https://twitter.com/ScottChoppin

Scott's Website: https://www.urbanpacific.com/

Tanner on https://www.linkedin.com/in/tanner-webster-76b182193/

Tanner on Twitter/X: https://twitter.com/twallyweb

Masters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videos

Masters in Real Estate is produced by https://www.zuumpost.com/

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