Episode 6 of Offshoot brings long-time friend and acquaintance, Andrew Jobst onto the show. Andrew is a principal of HG Capital. Since 1995, HG Capital has specialized in providing joint venture equity for value-add and opportunistic real estate investments throughout the Western US. Uniquely, they typically invest $8MM and less per transaction.
Chapters:
(00:00) Introduction to Offshoot and Andrew Jobst
(04:15) Andrew's Journey: From Stanford to HG Capital
(10:45) HG Capital's Strategy: Finding Value in Smaller Equity Investments
(16:16) Current Market Conditions: The Wall of Capital and COVID-19 Impact
(27:45) Market Recovery Perspectives: Different This Time or Business as Usual?
(31:03) Investment Focus: Industrial, Multifamily and Storage Opportunities
(38:34) Monetary Policy and Inflation: Implications for Real Estate
(46:18) Assessing Investment Risk: Markets, Partners, and Deal Structure
(56:56) Team Structure and Incentives: The Key to Long-Term Success
(01:11:04) Personal Performance: Managing Information and Setting Priorities
(01:25:54) Risk Mitigation and Communication: Advice for Capital Seekers
(01:35:04) Closing Thoughts: Real Estate is Deal by Deal, Not a Broad Market