No Cap by CRE Daily

Season 1, Episode 6: Sanjay Chandra is the Principal and Managing Partner at Trinity Investors, a Texas-based private equity and real estate firm he co-founded in 2006. Sanjay has led Trinity investors to over $7 billion in deals, building a portfolio that includes 160 commercial real estate assets and 19 operating companies.  

But Sanjay’s journey didn’t start in real estate. As a first-generation immigrant with an engineering background, he began his career founding American Leather before transitioning into private equity. In this episode of No Cap by CRE Daily, Jack and Alex peel back the curtains on one of Texas's most recognized investors, exploring Chandra’s entrepreneurial journey and his transition into real estate.

TOPICS

0:38 — Sanjay’s background

We want to thank our sponsor Viking Capital. 

For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/

About Our Guest

SANJAY CHANDRA

Sanjay serves as a principal and managing partner at Trinity and its affiliated companies in a variety of roles and responsibilities on a full time and active basis. Sanjay brings to Trinity over 30 years of experience as a successful entrepreneur and an active private investor. In addition to his day to day role at Trinity, Sanjay serves as a board member for American Leather, which he co-founded in 1990, and where he was formerly president and CFO. He is a board member for Robokind LLC, ELB Learning, Nuclein LLC, Falcon Structures LLC, Bentwood Kitchens Inc and other affiliate companies, as well as the Longhorn Council of the Boy Scouts of America, where he serves as Vice President of Development. Sanjay is a Special Advisor to Urban Genesis, Capital Boutiq and AllTrades, and serves as Chairman on the Engineering Advisory Board for the Cockrell School of Engineering at the University of Texas at Austin.

About No Cap Podcast

Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.

About CRE Daily 

CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 5: In this episode of "No Cap by CRE Daily," we sit down with Michael Mandel, a former broker and the visionary founder of CompStak, to dive into the power of data and AI in the commercial real estate industry. Michael shares his journey as a broker and the issues he encountered that led him to build CompStak. We also discuss how AI and machine learning are revolutionizing data collection, analysis, and utilization in the CRE industry. 

TOPICS

0:31 — Introduction

6:55 — How Compstak incorporated AI & machine learning tech into their stack

11:31 — Making brokers' lives easier using technology

13:40 — How the data verification process works

17:31 — The scoring and credit system to incentivize people to contribute data

18:05 — What will the actual effects of AI be on the real estate market?

22:46 — Pet peeves as a broker

24:59 — AI tools for architecture

28:34 — New insights into client data

30:11 — Are we going to be “owned” by AI?

33:10 — Jack & ChatGPT 

35:53 — What are use cases of AI & what’s the effect of deep fakes?

37:15 — Will the vast majority of real estate jobs be automated?

42:50 — Conclusion

We want to thank our sponsor Viking Capital. 

For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/

About Our Guest

Michael Mandel

https://www.linkedin.com/in/mmandel/

Michael is the Co-Founder & CEO of CompStak, a marketplace for commercial real estate information. CompStak uses a crowd-sourced model to gather real information that is hard to find, difficult to compile or otherwise unavailable. Our first product is a marketplace for the exchange of commercial lease comparables. Users add the comps they have to find the comps they need. CompStak was born out of Michael's experience as a commercial leasing broker in Manhattan. He has been recognized for his success as Grubb & Ellis’ National Rookie of the Year in 2007 and Real Estate New York’s 30 under 30 in 2008. CompStak has been featured in The Wall Street Journal, The Real Deal, Forbes, Bloomberg, AG Beat and more.

About No Cap Podcast

Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.

About CRE Daily 

CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 4: In this episode of No Cap by CRE Daily, hosts Jack Stone and Alex Gornik dive into the journey of Brad Sumrok, famously known as the "Apartment King" in the multifamily real estate world. Starting with his first investment in a 32-unit apartment building in 2002, Brad replaced his 9 to 5 job income by 2005 and retired at the age of 38. Since then, he has invested in over 4,200 apartment units, and his mentoring students have collectively purchased over $2 billion worth of apartment buildings.

Brad shares his transition from a career in chemical engineering to becoming a prominent investor and coach in multifamily real estate. He discusses Tony Robbins's influence on his mindset and reveals how being fired from his corporate job spurred him to become a public speaker in real estate. Brad also shares his thoughts on handling the haters and provides insights into the risks associated with investing in syndication.

TOPICS

1:15 — Brad’s transition from chemical engineering to real estate

We want to thank our sponsor Viking Capital. 

For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/

About No Cap Podcast

Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.

About CRE Daily 

CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 3: Jack and Alex delve into the latest commercial real estate headlines, including Biden's Rent Control Proposal, which aims to introduce a 5% annual cap on rent increases for major apartment landlords in order to maintain federal tax breaks. Plus, delinquencies and special servicing of multifamily loans backed by commercial mortgage-backed securities surged 185% in the past six months. 

TOPICS

0:20 Introduction

4:03 Multifamily loans have surged 185%

7:27 Tides Equities' recent foreclosures

11:06 Student housing pre-leasing for Fall 2024

13:34 The effects of reevaluating college degrees

15:01 Vacancies in the retail market

18:10 Brookfield's future CEO

19:36 The effects of Joe Biden stepping down

26:15 How do owners react to a 5% cap?

28:54 SASB loans

37:14 RealPage forecasts rent growth

46:32 Federal Reserve's likely rate cuts

We want to thank our sponsor Viking Capital. 

Season 1, Episode 2: Welcome to No Cap by CRE Daily. Today, we're joined by Josh Sasouness, co-CEO of Dwight Capital, the nation's leading multifamily FHA/HUD lender.In this episode, we dive into Josh’s family background and upbringing, exploring the origins and rapid growth of Dwight Capital. We discuss the differences between HUD and agency financing and Josh’s transition from Greystone to Dwight, including personal stories about the two worst days of his life. Josh shares insights into Dwight Funding, the current market state, and opportunities in multifamily, healthcare investments, and development. We also cover geographic markets Josh is bullish on, predictions for the American economy, and media coverage. 

Key takeaways in the episode:

• 01:29 — Intros

We want to thank our sponsor Viking Capital. Tune in for insights, expert opinions, and a deep dive into the stories shaping commercial real estate today and tomorrow. 

• 0:00 - Introduction and Expectations