In-Depth Commercial Real Estate

In this episode, Paul speaks to Jeff Lerman about Joint Ventures. They go in-depth about the role of the Real Estate Attorney, the basics of joint ventures and how they differ from syndications, things to be aware of when putting together a joint venture partnership, and more. About our guest:Jeff is a Co-Funder and Managing Partner at Lerman Law Partners, LLP, a California Real Estate and Estate Planning Law firm focused on investors. He handles acquisitions and sales, entity formation, syndication, commercial leases, loan documents, construction documents, loan work-outs, and litigation involving each of these areas as well as unfair business practices litigation.Jeff’s LinkedIn: https://www.linkedin.com/in/realestateinvestorlaw/ Jeff’s articles:“17 Steps To A Successful Joint Venture”: https://www.realestateinvestorlaw.com/wp-content/uploads/sites/1102721/2019/08/17-Steps-to-A-Successful-Joint-Venture-FINAL.pdf “12 Warning Signs You’re Headed for a Lawsuit with your Partner”: https://www.realestateinvestorlaw.com/blog/2019/06/12-warning-signs-youre-headed-for-a-lawsuit-with-your-partner-part-1/ Book recommendations:"Principles of Real Estate Syndication" by Samuel K. Freshman: https://www.amazon.com/dp/B00QNZSTD6/ref=cm_sw_r_tw_dp_BJYP1PZJKWF2QNWDSSMJ Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Jeff Adler about political risk. They go in-depth about his 2020 article “Calculating political risk”, his political risk model and how he came to research and model it, his philosophy towards affordability, predictions for the future, and more. About our guest:Jeff is the Vice President of Yardi Matrix, the data division of Yardi Systems, which is a US multifamily, student housing, office, medical office, industrial, retail, and self-storage asset information toolset for originating, underwriting, and asset managing commercial real estate investments.Jeff’s LinkedIn: https://www.linkedin.com/in/jeremy-roll-655107/ “Calculating political risk” 2020 article:https://www.afire.org/summit/calculating-political-risk/ Book recommendations:“Big Debt Crises” and "The Changing World Order" by Author: https://www.principles.com/ “The End of the World is just the Beginning” by Peter Zeihan: https://zeihan.com/end-of-the-world/ “The Road to Serfdom” by Friedrich Hayek: https://www.amazon.com/dp/B0B5FT392J/ref=cm_sw_r_tw_dp_9RH95RJANZAYYKQARB5J “Capitalism and Freedom” by Milton Friedman: https://www.amazon.com/Capitalism-Freedom-Anniversary-Milton-Friedman/dp/0226264211 Video recommendations:“Jocko Willink: Discipline = Freedom”: https://youtu.be/eBmVv2P-v2s “Simon Sinek: Why Leaders Eat Last”: https://youtu.be/ReRcHdeUG9Y Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Jeremy Roll about passive investing. They go in-depth about his path into real estate, diversification in passive investing, his preferred asset classes for predictability, and how to choose sponsors. About our guest:Jeremy is the President at the Roll Investment Group, where he leads efforts to seek passive / managed alternative investment opportunities in Real Estate. He is also a Co-Founder of For Investors By Investors (FIBI), a network of monthly public investor meetings that focuses on alternative investments, such as real estate, throughout Southern California and across multiple states. FIBI is the largest series of monthly public non-institutional real estate investor meetings in California, with 12 chapters and over 30,000 members. Jeremy’s LinkedIn: https://www.linkedin.com/in/jeremy-roll-655107/ More about FIBI here: https://forinvestorsbyinvestors.com/ FIBI on Facebook: https://www.facebook.com/FIBISouthBay FIBI on Twitter: https://twitter.com/fibisouthbay Book recommendations:"Rich Dad Poor Dad" and “Rich Dad's Cashflow Quadrant” by Robert T. Kiyosaki.You can get them both at https://store.richdad.com/collections/books Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Steve Sawicki about Co-Warehousing. They go in-depth about the inner workings of Saltbox, how they manage their locations, and the impact the co-warehousing movement has had in the ecommerce industry. About our guest:Steve is the Director of Real Estate at Saltbox, a pioneer company in the co-warehousing movement that has revolutionized the ecommerce industry. Saltbox offers a purpose/built network or flexible warehouses that target the ecommerce industry and the next generation of entrepreneurs, giving them access to a number of operational and logistics tools and infrastructure. Steve’s LinkedIn: https://www.linkedin.com/in/stephensawicki/ More about Saltbox here: http://www.saltbox.com/ Saltbox on Facebook: https://www.facebook.com/joinsaltbox/ Saltbox on Instagram: https://www.instagram.com/joinsaltbox/ Saltbox on Twitter: https://twitter.com/joinsaltbox/ Book recommendations:"Rethinking Real Estate: A Roadmap to Technology’s Impact on the World’s Largest Asset Class" by Dror Poleg: https://rethinking.re/ Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Scott Choppin about workforce housing. They go in-depth about Scott’s background, his urban townhouse model, multi-earner households, and how housing costs and household structures have evolved in recent times.About our guest:Scott is CEO and founder of the Urban Pacific group of Companies, a Real Estate Development Company focused on the innovative UTH (Urban Town House) rental housing model, which was created by them. UTH is a construction housing model that pairs private capital with multi-generational workforce rental housing.Scott’s LinkedIn: https://www.linkedin.com/in/scottchoppin/ Scott’s Twitter: https://twitter.com/ScottChoppin More about Urban Pacific here: https://www.urbanpacific.com/ Book recommendations:"Antifragile: Things That Gain from Disorder" by Nassim Talebhttps://www.amazon.com/dp/0812979680/ref=cm_sw_r_tw_dp_YJY0Y6Q2E06DQ8G0CDPV“The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammoushttps://www.amazon.com/dp/1119473861/ref=cm_sw_r_tw_dp_S5SDZDP1ZBXF8EY5DR3Q“The Sovereign Individual: Mastering the Transition to the Information Age” by James Dale Davidson and William Rees-Mogg https://www.amazon.com/dp/0684832720/ref=cm_sw_r_tw_dp_KGQP7ECQRMDTKQ78C0HG “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” by Jeff Boothhttps://www.amazon.com/dp/1999257405/ref=cm_sw_r_tw_dp_6SFR2TG82JA8VBQZ9BSY Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Greg Lyon and Patrick Winters about retail architecture. They go in-depth about working on a project in the middle east vs the US, changes in retail architecture and common mistakes they see clients make.About our guest:Greg Lyon and Patrick Winters are Principals of Nadel Architects. Greg serves as the company’s chairman, and Patrick as the president. Nadel is a Los Angeles leading architectural and design firm. For decades, they’ve been leading the industry in a broad array of environments, integrating community and creative design.Greg’s LinkedIn: https://www.linkedin.com/in/lyongreg/ Patrick’s LinkedIn: https://www.linkedin.com/in/patrick-winters-8a252b7/ Patrick's book recommendation:"The Architecture of Happiness" by Alain de Bottonhttps://www.alaindebotton.com/architecture/Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Dr. Peter Linneman about the state of the US Economy. They go in-depth about his path into economics, the impact of the COVID-19 pandemic in work dynamics and future opportunities in real estate.About our guest:Peter is Principal at Linneman Associates; CEO of the American Land Fund; and an Emeritus Professor and Founding Chairman of The Wharton School’s Real Estate Department at the University of Pennsylvania. He is also the author of The Linneman Letter, a “one-stop-shop” quarterly publication for commercial real estate investors, as well as anybody seeking to understand today’s ever-changing economic and geo-political environment.Peter’s LinkedIn: https://www.linkedin.com/in/peterlinneman/ Peter’s Twitter: https://twitter.com/P_Linneman “The Linneman Letter”:https://www.linnemanassociates.com/the-linneman-letter Peter’s book “Real Estate Finance and Investments: Risks and Opportunities”:https://www.linnemanassociates.com/real-estate-finance-textbook NEW Book“The Great Age Reboot” by Michael F. Roizen, M.D. with Peter Linneman & Albert Ratnerhttps://www.amazon.com/Great-Age-Reboot-Cracking-Longevity/dp/1426221517 Peter’s book recommendations: "The rational optimist" by Matt Ridleyhttps://www.rationaloptimist.com/ "Free to Choose: A Personal Statement" by Milton Friedmanhttps://www.amazon.com/Free-Choose-Statement-Milton-Friedman/dp/0156334607 YouTube Series: https://youtube.com/playlist?list=PLXD32Z5YYifX8J3Kp-WBA9Ongy0p1C1u9 "Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters" by Steven E. Kooninhttps://www.amazon.com/Unsettled-Climate-Science-Doesnt-Matters/dp/B0948623S1 "False Alarm" by Bjørn Lomborghttps://www.amazon.com/False-Alarm-Climate-Change-Trillions/dp/1541647467 Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Paul Kaseburg about Multifamily investing and how to evaluate real estate sponsors. They go in-depth about his work at the MG Property Group, the current investment climate and macro trends, his acquisition process, and the most common mistakes you can make when deciding whether or not to make a deal.About our guest:Paul is the Chief Investment Officer at the MG Properties Group. He is responsible for the firm’s acquisition, disposition, and capital markets activities. He has 17 years of experience in real estate private equity investment, capital markets, and corporate M&A. Prior to joining MG, he held various roles in commercial real estate debt and equity acquisitions, development, and financing.Paul’s LinkedIn: https://www.linkedin.com/in/kaseburg/ Paul’s book “Investing in Real Estate Private Equity”:https://www.amazon.com/Investing-Real-Estate-Private-Equity-ebook/dp/B01IW0G0S0 Paul’s book recommendations: The “Investing for adults” series by William Bernstein: https://www.amazon.com/gp/product/B074CJC6KG“The Black Swan” by Nassim Nicholas Taleb:https://www.amazon.com/gp/product/B00139XTG4 “Wooden: A Lifetime of Observations and Reflections On and Off the Court” by John Wooden:https://www.amazon.com/Wooden-Lifetime-Observations-Reflections-Court-ebook/dp/B003TO4TKQ/“Meditations: A New Translation” by Marcus Aurelius:https://www.amazon.com/Meditations-New-Translation-Marcus-Aurelius-ebook/dp/B08RP7Z54J/ Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Matt Larriva about real estate econometrics. They go in-depth about alternative data sources, demographic trends and migration patterns.About our guest:Matt is the director of Research and Analytics at FCP, where he leverages data science and quantitative methods to enhance asset selection, management, and disposition. His focus is on quantitative research, predictive analytics, and data infrastructure.FCP is a privately held real estate investment company that has invested in or financed more than $8.6 billion in assets since its founding in 1999.Matt’s Contact info: https://www.fcpdc.com/member/matt-larriva/ Matt’s book recommendations: Code Complete (Book by Steve McConnell):https://www.amazon.com/gp/product/0735619670/ Love, Dishonor, Marry, Die, Cherish, Perish (Book by David Rakoff):https://www.amazon.com/gp/product/B00B3GMHWO/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i3 Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Gene Trowbridge about the details of an operating agreement. They go in-depth on the fundamentals of syndication and securities, the three biggest mistakes a syndicator can make, and some key opportunities to take advantage of today.About our guest: Gene is a nationally recognized syndication and securities attorney. He is the funding partner for the Trowbridge law group LLP that concentrates on the syndication of commercial and investment real estate, through both debt and equity.You can find all of Gene’s contact info on his law group’s website at https://trowbridgelawgroup.com/ You can also get his book “It’s A Whole New Business” in Amazon.Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Amy Wan about Blockchain and crowdfunding. They go in-depth about blockchain and title records, the tokenization of real estate, and the advantages of blockchain enabled syndication deals.About our guest: Amy Wan is Founder & CEO of Bootstrap Legal, which automates real estate syndication legal documents, and co-founder and CEO of Sagewise, a legaltech blockchain company. She hosts The Law and Blockchain Podcast and has authored the Bloomberg Law practice guide to ICOs and LexisNexis' Private Equity practice guide.You can listen to her podcast in The Bitcoin Podcast Network, or follow her on Twitter: @amyywanAmy’s LinkedIn: https://www.linkedin.com/in/amyywan/Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to Brian Burke about the fundamentals of investing in passive real estate syndications. They go in-depth about the main issue a passive investor should focus on before investing, and the steps to follow when looking for syndicators to choose from. They also discuss the rise of online platforms for crowdfunding in real estate, having in-house management for numerous locations and chasing opportunities to invest as we come out of Covid.About our guest:Brian Burke is President, founder & CEO of Praxis Capital, Inc., a real estate private equity investment firm. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets. He is also a frequent public speaker at real estate conferences and events nationwide.You can find his book “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications” on Amazon.Brian’s LinkedIn: https://www.linkedin.com/in/praxiscapitalDisclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In this episode, Paul speaks to John D’Angelo about the future of technology within real estate. They go in-depth about the reputation of the commercial real estate industry being unwilling to invest in technology and how to bring technological innovations from other industries.They also dive into new technologies being introduced and implemented, the value of social media as a data source, and the application of Artificial Intelligence.About our guest:John is a managing director and leads the U.S. real estate industry sector at Deloitte Consulting. He focuses on operational transformation, working with real estate investment managers, service providers, REITs, and real estate operating companies. His team has been working at the intersection of enabling technology, data, analytics, and process optimization. Prior to joining Deloitte, he held management positions at RealFoundations, Ernst & Young, and Kenneth Leventhal & Company. John’s LinkedIn profile: https://www.linkedin.com/in/john-d-angelo-bb65824/Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

Paul speaks to Mark Roderick about Crowdfunding in real estate. They go in-depth how the JOBS act that created crowdfunding changed funding portals, advertising, and where the future of raising capital is and what sponsors should focus on and be careful with.About our guest:Mark is a corporate and securities attorney specializing in crowdfunding. Since the JOBS Act of 2012, he has become one of the leading Crowdfunding and Fintech lawyers in the United States. You can catch him speaking at Crowdfunding events across the country or read his blog: https://crowdfundingattorney.com/. It has a wealth of legal and practical information for portals and issuers.Disclaimer:This real estate podcast is for informational and educational purposes only and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

About our guest:Anastasia Vladisvavova is a Senior Associate at Eyzenberg & Company. She assists with underwriting analysis and financing memoranda preparation, client management and placement efforts for debt and equity capitalization assignments. She works with commercial real estate owners and developers creating the most beneficial capital structures for them.Before joining their team, Anastasia managed a high-performing residential real estate sales group of 20 agents in Moscow. She also worked for a real estate fund in Riga, Latvia and for a property management company in New York City while advancing her education. Anastasia earned a Bachelor of Science degree in Business from Moscow State University and a Master of Science degree in Real Estate Finance and Investments from Schack Institute of Real Estate, New York University. Anastasia Vladislavova’s LinkedIn: https://www.linkedin.com/in/anasvlad/Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

About our guest:Eric Flohr is the Senior Vice President of Transformation at Berkadia where he oversees the company’s digital transformation including defining strategy and managing implementation. He drove the creation of Berkadia’s BeEngaged Program which works with selected, highly promising start-ups which transforms commercial real estate by providing mentorship and guidance at the start-up level. Eric also leads Berkadia's technology related M&A efforts. Prior to joining Berkadia, Eric worked at Deloitte Consulting and for a private investment firm in emerging markets. Eric has an MBA with Honors from the Haas School of Business at the University of California Berkeley and a Bachelor’s Degree in Finance from Penn State University.Eric Flohr's LinkedIn: https://www.linkedin.com/in/eric-flohr/Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.