The LSCRE Podcast

In this episode, Craig McGrouther interviews Garrett Nondorf from Flagship Capital, discussing his career journey, the unique operations of Flagship Capital, and their investment strategies. They explore the challenges and opportunities in the current real estate market, particularly focusing on debt and equity funding, and the importance of strong property management in secondary and tertiary markets. In this conversation, Craig McGrouther and Garrett Nondorf discuss the current state of the real estate market, focusing on investment strategies, deal flow, and the dynamics of institutional investing. The discussion also touches on future market outlooks and the criteria for identifying ideal investment opportunities.

Learn more about LSCRE:
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In this episode, we are joined by Sam Morris, Partner at LSCRE to talk about the Houston real estate market - how it's grown, why people are moving there, and what makes it a great place to invest. Our discussion covers how Houston evolved from an oil-dependent economy to a diverse, thriving hub with a strong corporate presence and a unique cultural landscape. We analyze supply and demand trends, highlight the city's resilience against weather risks, and pinpoint strategic investment areas, particularly in suburban neighborhoods with top-tier schools. Plus, we break down our approach to affordable housing and property tax optimization.

Learn more about LSCRE:
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In this episode, Craig McGrouther interviews Luis Frias, a real estate professional based in San Antonio, who shares his journey from being a licensed real estate agent to becoming a multifamily investor and owner-operator. They discuss the current state of the real estate market in Texas, focusing on the challenges and opportunities in cities like Austin, Dallas, Houston, and San Antonio. Luis emphasizes the importance of strong market fundamentals, the need for cash flow in investments, and the lessons learned from recent market cycles. He also provides valuable advice for new investors looking to navigate the changing landscape of real estate syndication.

Learn more about LSCRE:
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This podcast episode discusses the recent merger between LSCRE and Sunset Capital, highlighting the organic nature of the partnership and the benefits this merger brings to investors. In our conversation with Sam Morris, the newest LSCRE team member and partner at LSCRE, we explore market insights, investment strategies, and the cultural alignment between the two firms, highlighting the importance of service to investors and the long-term goals of the newly formed team.

Learn more about LSCRE:
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In this episode, Craig McGrouther and Randy Smith discuss Randy's journey from corporate sales to real estate investing, the current market dynamics, and the importance of due diligence and operator selection.

They explore the challenges and strategies in capital raising, the significance of diversification for investors, and Randy's coaching initiatives aimed at helping new capital raisers succeed in the industry.
 
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I just got back from an amazing trip to Sedona after RaiseFest in Phoenix! Great hikes, pickleball, cigars, and, of course, plenty of real estate talk. One topic that kept coming up was exit cap rates. 

Many investors default to widening their exit cap rate for conservatism but in today’s market, that strategy doesn’t always make sense, especially for value-add deals. Your exit cap rate should reflect not just conservatism but also the transformation of the asset from purchase to sale. 

In this video, I break down why the conversation around exit cap rates has changed, why some investors are even projecting flat or compressed exits, and how you can adapt your underwriting strategy to today’s market.

Learn more about LSCRE:
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On this episode of the LSCRE Podcast, Craig McGrouther and I take you on a journey through some of our latest experiences and insights. We start with our trip to Sedona and our time at RaiseFest, where we connected with industry leaders, shared ideas, and picked up valuable lessons along the way.

From there, we dive into some big developments in the real estate world, including Apple’s major investment in Houston and what it means for the market as a whole.

As the conversation unfolds, we explore the widening gap between homeownership and renting, the challenges of tenant retention, and the ever-changing dynamics of supply and demand. We also take a closer look at the Dallas market, new investment opportunities, and the impact of cap rates and interest rates on the industry. To wrap up, we announce exciting upcoming events, including our flagship summit in New York City and a West Coast event.

Learn more about LSCRE:
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In this episode, Craig McGrouther interviews Aaron and Jacob Thomas, founders of Twin Lux Capital, about their entrepreneurial journey from traditional jobs to raising capital in real estate. They discuss their initial foray into Airbnb, the transition to multifamily investments, and the importance of education and taking risks in entrepreneurship.

In this conversation, Aaron and Jacob Thomas from Twin Lux Capital discuss their experiences in the Phoenix real estate market, focusing on their recent investment deal and the strategies they employ in multifamily real estate. They emphasize the importance of building relationships, vetting sponsors, and analyzing deals based on key metrics.
 
Learn more about LSCRE:
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Are you forgetting about recurring CapEx in your underwriting?

How confident are you that your budget accounts for everything? The reality is, recurring CapEx expenses can sneak up on you, especially with older properties. 

Things like appliance replacements, HVAC systems, and even roof repairs add up quickly. If you’re not factoring those in, your cash flow might take a hit. In this video, I’ll walk you through why these costs should be part of your plan from the beginning.

Learn more about LSCRE:
www.lscre.com 

In this episode of the LSCRE podcast, Craig McGrother and I discuss various topics related to real estate investing, including capital calls and dual tranche syndication structures. We explore the challenges of in-house construction and accounting considerations, as well as current market trends in multifamily real estate. Our conversation also touches on the importance of sleep for productivity and overall health, emphasizing how what is measured can be improved upon.

Learn more about LSCRE:
www.lscre.com