T.U.T — The Unwritten Teachings

Transforming Century-Old Buildings into Modern Cashflow Assets with Ale Oliver, Owner of Oliver Properties


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In this episode, Raj sits down with Alex Oliver, the founder of Oliver Properties, a real estate investment and development company based in St. Louis. With a background in mechanical engineering and early exposure to entrepreneurship through his upbringing on a farm in Illinois, Alex transitioned into real estate during the 2008 financial crisis. Over the past 15+ years, he has grown his portfolio to over $100 million in assets under management and has become a leading figure in urban redevelopment, especially in downtown St. Louis.

Alex shares his journey from house hacking and small multifamily deals to large-scale historic redevelopments. The conversation dives deep into his unique strategy of acquiring century-old buildings that were renovated in the early 2000s, upgrading them with modern amenities, and revitalizing Washington Avenue into a walkable, activated corridor. Key topics include his approach to risk, value-add investing, managing CapEx at scale, creating a cohesive retail strategy, and launching a food hall as part of a broader neighborhood transformation.

Connect with the Host

Twitter:⁠ ⁠⁠twitter.com/ItsRajTut⁠

LinkedIn:⁠ https://www.linkedin.com/in/rajtut/⁠

Instagram:⁠ ⁠⁠instagram.com/ItsRajTut⁠

TikTok:⁠ https://www.tiktok.com/@itsrajtut

Connect with our guest:LinkedIn: https://www.linkedin.com/in/alex-oliver-52668a6/ Website: https://www.opstl.com/


Timestamps

00:00 – Alex’s background: From rural Illinois to engineering and real estate

03:05 – Lessons from his first deal during the 2008 crash

06:01 – Why he focused on urban St. Louis and historic buildings

09:55 – Scaling up: From small multifamily to 80+ unit properties

15:03 – Navigating market timing and strategic exits

17:49 – Case study: The Delmar project and heavy rehab strategy

29:03 – Why he’s all-in on Washington Avenue redevelopment

40:09 – Challenges with insurance, lenders, and high-vacancy assets

48:03 – Launching a food hall and building a retail strategy

54:05 – Vision for transforming downtown St.



If you're looking to sell us a 40+ unit multifamily property in the St. Louis region, or another part of MO/IL, please email [email protected]

Connect with us at our Website: https://storyboardliving.com/

LinkedIn profile: https://www.linkedin.com/company/storyboard-living/

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T.U.T — The Unwritten TeachingsBy Raj Tut