Multifamily Insights

Working with Private Equity Partners with Mark Purtell and Joe Harriman, Ep. 508


Listen Later

Joe Harriman joined CTC in April 2006 as Operations Manager and Head of Investor Relations for CTC Alternative Strategies, Ltd. Prior to CTC, he spent several years in Institutional Client Services at Calyon Financial, and the Chicago Board of Trade. Since 2006 at CTC, he managed the operations of a multi-strategy proprietary trading company focused on global trading in equities, fixed income, and various derivatives. From 2017 to present, he served as COO of the Manager. In this capacity, he successfully formed two real estate funds acquiring over $500 million in multi-family real estate. 

Mark Purtell joined CTC in June 2001 as a trading assistant and worked on the trading side of CTC until transitioning to Head of Real Estate Acquisitions and Development in 2020.  He split his time between trading and real estate with CTC since 2018. He expanded the network of operators to increase deal flow. He created the proprietary real estate model and is responsible for tracking existing deals in the portfolio and assisting in quarterly reporting. Since 2002, he has been active in the Chicago market for his own account with a focus on multifamily investments. He received a B.S in Finance from the University of Illinois in 2001. He holds Series 4, 7, 24 and 57 licenses.

In our conversation with Joe and Mark we talked about their company “CTC Wealth Management”, the co-gp model, what to look for in a deal, how to prepare yourself for the future based on the economic changes, pref equity, and how to approach your deal structures.

Announcement: Download Our Sample Deal and Join Our Mailing List

Wealth Management

00:00 CTC Wealth Management | The Co-GP model;

06:31 What to look for in a deal and an operator to partner up with;

08:19 How to prepare yourself for the future based on the economic changes;

10:18 Pref equity;

14:27 How to approach your deal structures;

16:47 The fear of losing control & protecting yourself as an operator;

21:52 Key decisions - expectations.

 

 

23:54 Round of Insights

Apparent Failure: Having longer-term debt in projects

Digital Resource: Excel

Most Recommended Book: Life 3.0

Daily Habit: Daily meetings

#1 Insight for deciding which multifamily deals to invest in:  Find the project that works for you.

Best Place to Grab a Bite in Chicago:  Pequod's Pizza and Portillo's  

 

Contact Mark & Joe:

To learn more go to ctcwealthmanagement.com

 

 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

 

...more
View all episodesView all episodes
Download on the App Store

Multifamily InsightsBy John Casmon

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

271 ratings


More shows like Multifamily Insights

View all
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

710 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,773 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

991 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

827 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

975 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,405 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

414 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

721 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,843 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

330 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

137 Listeners

Action Academy | Millionaire Mentorship For Your Life & Business by Brian Luebben

Action Academy | Millionaire Mentorship For Your Life & Business

690 Listeners

On The Market by BiggerPockets

On The Market

896 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

841 Listeners

The David Greene Show by David Greene

The David Greene Show

690 Listeners