The LSCRE Podcast

In this episode of the LSCRE podcast, hosts Craig McGrouther and Joe Pistorius dive into the critical role of asset management in multifamily. Joe shares insights from managing over 2,500 units across 11 properties, revealing how different property vintages require different levels of care and why having the right on-site teams can make or break a property's performance.

The conversation explores innovative approaches to team structure, including creating separate career tracks for sales-focused leasing agents versus operations-focused managers, and how Lone Star's unique "paid-up unit" bonus structure drives both collections and retention. They also discusses how LSCRE is leveraging social media platforms like TikTok for leasing, moving beyond traditional apartment listing sites to meet the next generation of renters where they are.

Learn more about LSCRE:
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In this episode of the LSCRE podcast, Craig McGrouther and I sit down with Sam Morris, Partner at LSCRE to discuss the impact of Texas HB21 on property tax exemptions and affordable housing deals. We explore how this new law eliminates "traveling HFC" tax exemptions by 2027 without grandfather clauses, potentially devastating many operators who relied on these structures.

The conversation reveals why operators used out-of-jurisdiction housing authorities as lifelines during tough market conditions, what options remain for affected properties, and how LSCRE's strategy of working exclusively with local jurisdictions protects our 13 tax-exempt properties from impact. Sam also shares insights from his recent NYC office visit, highlighting our team's strength and culture.

Learn more about LSCRE:
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In this episode, Craig McGrouther and Sam Morris outline what it really takes to raise capital consistently in today's market. They break down the exact system that helped close over $100 million in equity, including how they build trust, set expectations, and stay committed to investor relationships for the long haul. This isn’t about flashy pitches — it’s about clear communication, repeatability, and long-term partnership.

Learn more about LSCRE:
www.lscre.com 

In this episode of the LSCRE Podcast, Craig McGrouther and I dive into what’s really happening in the Austin multifamily market and why investors shouldn’t be scared off by the headlines.

We break down how recent pressure from tech layoffs and new development is creating pricing dislocation and why that could mean opportunity for long-term buyers. Drawing from what we’ve seen in other post-correction markets like San Francisco and New York, we discuss why Austin's strong fundamentals and job growth could make now a smart entry point.

If you’re serious about understanding the real story behind the numbers, this conversation is worth your time.

Learn more about LSCRE:
www.lscre.com 

In this episode, Craig McGrouther interviews Dasha Beardsley, Director of Investor Relations at LSCRE and now author of Maximizing Wealth through Syndicated 1031 Exchanges. They dive into how passive investors can use 1031 exchanges to defer taxes, scale into larger deals, and preserve wealth across generations.

Dasha shares why many experienced real estate investors still don’t know they can 1031 into syndications — and how LSCRE’s structure makes this accessible and efficient. They also highlight key differences between syndicated exchanges and DSTs, the legal process behind a successful exchange, and what sets Lone Star apart as a long-term partner for rolling equity.

Plus, hear how this year’s LSC Summit is evolving to provide an even more curated, high-value networking experience for serious investors and sponsors alike.

Learn more about LSCRE:
www.lscre.com 

In this episode of the LSCRE Podcast, Craig McGrouther and I dive into one of the most powerful tools in real estate investing: bonus depreciation.

With talk of 100% bonus depreciation returning in 2025, Rob breaks down what that could mean for investors — from maximizing early-year tax advantages to how it directly impacts capital raising, deal competitiveness, and after-tax returns. They explore the impact for both everyday passive investors and those electing real estate professional status, and how strategic use of depreciation and 1031 exchanges can dramatically shift a portfolio’s long-term outcome.

Plus, they compare debt fund structures vs. multifamily equity returns and explain why what looks good on the surface might not deliver when you factor in real after-tax results.

Learn more about LSCRE:
www.lscre.com 

In this episode, Craig McGrouther sits down with Gil Murillo, co-founder and CEO of KUDO Funding, to talk about his journey from managing billions in hotel assets to launching a platform that provides fast, short-term loans to small businesses.

They break down how KUDO sources deals, protects downside risk, and delivers short-duration income for investors looking to diversify. Gil also shares how his background at Columbia and in private equity shaped the way he underwrites opportunities in the private credit space.

This is a must-listen if you're looking to generate yield with a more flexible, institutional-quality approach to alternative lending.

Learn more about LSCRE:
www.lscre.com 

Is real estate still the best investment vehicle in today’s market? Rob Beardsley and Craig McGrouther break it all down in this data-driven episode.

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther go deep into real estate fundamentals, compare the risk-adjusted performance of multifamily investing to the S&P 500, and explain why overleveraging can turn a good deal into a bad one.

Using real numbers and a simple spreadsheet model, Rob walks through how cap rates, closing costs, recurring CapEx, and volatility all impact actual investor returns. The duo also explores Sharpe ratios, the myth of safety in stocks, and why long-term, disciplined real estate investing still wins—if done correctly.

This is a must-listen episode for investors trying to understand how to think clearly about return, risk, and the long-term power of real estate.

Learn more about LSCRE:
www.lscre.com 

In this episode, Craig McGrouther interviews Igor Shaltanov, founder of Avista Fund, who shares his unique journey from Russia to the United States and his evolution into real estate investing. Igor discusses his early experiences with real estate in Russia, the challenges he faced upon moving to America, and the lessons learned in property management and alternative investing. The conversation highlights the importance of mindset, the immigrant experience, and the transition to syndication as a means of achieving passive income.

Igor discusses the misconceptions surrounding passive real estate investing, emphasizing that it often requires active management and strategic decision-making. He shares insights on the importance of team dynamics in investment success, the challenges of navigating market fluctuations, and the value of a long-term investment mindset. Igor advocates for a consistent investment approach and highlights the necessity of understanding market fundamentals to achieve success in real estate.

Learn more about LSCRE:
www.lscre.com 

In this episode of the LSCRE podcast, Todd Beardsley joins us to dive into the importance of procurement, networking, and strategic purchasing. We discuss how adopting the right mindset for effective procurement can make a significant impact, as well as the value of leveraging scale in purchasing decisions.

The conversation also covers managing contractor relationships and the role of inventory management in maximizing investment returns. We explore key aspects of property management, including HVAC repairs, the impact of tariffs on property values, and the challenges posed by renovation costs. Additionally, we discuss the ongoing debate between roof repairs and replacements, the complexities of supply chains, and innovative procurement strategies to help save costs. Finally, we highlight the benefits of managing repairs in-house to improve efficiency and save on expenses.

Learn more about LSCRE:
www.lscre.com