In this 6th EP of the Rust Belt Apartment podcast the team sits down with Bhavin Patel and Michael Smith of Green Harvest Capital to discuss past, present and future plans for this extremely successful NE Ohio apartment group.
00:00 - Guest Intro and Background: Bhavin Patel and Michael Smith of Green Harvest Capital

6:36 - Early beginnings in Extended Stay

11:05 - Proving out the Green Harvest Thesis & Scaling Up

13:105 - Third Party Management and the GHC Business Model

16:35 - Hyper-focus on workforce housing

21:51 - What does value-add mean to GHC?

23:40 - Blending of multifamily amenities with hospitality amenities

26:50 - The future of GHC asset amenities: tenant focus

31:00 - Partnerships with Advisors

32:45 - Northern Ohio Apartment Association

34:00 - GHC approach to financing & debt

36:50 - Tenant voucher programs

37:33 - What is it about NE Ohio?

39:20 - Michael’s Top 5

41:00 - Bhavin’s Long-term view on NE Ohio

45:00 - Impact of inflation on Multifamily

48:20 - More NE Ohio talk!

51:10 - What’s next in the multifamily markets?

54:00 - Closing Remarks