Welcome to Mogul Insights!
My name is Jilliene Helman, Founder and CEO of RealtyMogul. We are one of the first real estate crowdfunding marketplaces. In 2012, I quit my corporate banking job with the goal of pioneering a platform to help savvy investors with the knowledge and the access necessary to invest in an asset class that was previously out of reach for most.
Now, I’m bringing this insider knowledge to you. In this podcast, you’ll gain insights from experts across the Commercial Real Estate landscape, as we discuss hot economic issues, discover where opportunities lie, where data is trending, and what savvy investors need to know in order to succeed in real estate!
Kathy Fettke, host of "The Real Wealth Show," interviews successful real estate investors to share their secrets. She also hosts the Real Estate News podcast and is the author of the bestseller, "Retire Rich with Rentals.”. She is a real estate developer, fund manager, and educator. She is a regular guest expert on FOX News, CNN, CNBC, Bloomberg, NPR, CBS MarketWatch, and the Wall Street Journal, and was named among the “Top 100 Most Intriguing Entrepreneurs” by Goldman Sachs two years in a row. Kathy and her husband, Rich, are active real estate investors in single-family homes, apartments, commercial property, land development, and homebuilding.
Kathy joins me on the Realty Mogul podcast to discuss how we become more successful by learning from those who have done what we hope to achieve and shares some of the advice her mentors gave her along the way. She talks about some of the particularly poignant moments on her podcast and how the stories of how others make passive income touched and inspired her. Kathy also gives us a few of the key takeaways from her recently published book, Retire Rich with Rentals.
“If you just boil it down to what really matters and keep focused on that, then the rest of it is just noise.” - Kathy Fettke
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Christopher Rising is Co-founder & CEO of Rising Realty Partners Estate and manages their day-to-day business activities while also serving on its Investment Committee. Drawing on his experience as Senior Vice President, Asset Transactions at MPG Office Trust, Inc., Chris is skilled at managing acquisitions and creative development. He is a current member of the Pasadena Chapter of the Young Presidents Organization and is a member of the Board of Overseers at Loyola Law School and a member of the board of RiverLA. Chris received his J.D. Law, Real Estate from Loyola Law School and his B.A. in History and Political Science from Duke University.
Chris joins me on the Realty Mogul podcast to share his insights into sourcing great acquisitions in office and industrial real estate and why he is passionate about leveraging technology in the sector. He discusses what he loves about the industrial space and why Rising Realty made the leap from office to industrial. Chris also dives into his post-COVID-19 predictions for office real estate, his belief that they will become hubs for teams as opposed to rows of cubicles.
“There's great real estate all across the country, and you got to be a sharpshooter — you have to understand what you don't know and hire for that.” - Chris Rising
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Dave Eisenberg is the founder, and Managing Director of Zigg Capital, a venture capital fund focused on the real estate and construction industries. He invests in companies that provide novel software and hardware solutions to the real estate industry or that create new uses of space entirely. Before founding Zigg Capital, Dave was the global Senior Vice President of technology at CBRE Group, which he joined due to their acquisition of Floored, which Dave also founded. Dave graduated from Harvard with a degree in psychology and lives in Manhattan with his wife and two daughters.
Dave joins me on the Realty Mogul podcast to talk about what Zigg Capital is, what they’re doing, their core focus, and why they are exclusively looking for technology-based businesses. He also educates us on the different buckets that PropTech investments fall into, from Software as a Service (SaaS) to transaction platforms and hardware companies. Dave also describes just how much net new activity there is in the broader PropTech ecosystem and shares the PropTech niches he is most excited to see develop over the next 10-20 years.
“There’s a lot that’s working against you when you’re a startup: no one’s heard of you, you have no brand, but what you have is you have the ability to take risks that are hard for big companies to take for fear of cannibalizing existing profit streams. You are also able to build on very, very modern infrastructure.” - Dave Eisenberg
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Larry Bond co-founded Bond Companies along with his brother Robert Bond in 1987 and serves as its Chairman. The company has won dozens of awards for its innovative developments throughout the United States. Larry has been developing mixed-use properties for more than twenty years, including the award-winning, Sunset & Vine, a 750,000 square foot mixed-use project in Hollywood at the intersection bearing its name. Sunset & Vine won more than a dozen national awards, including “Project of the Year,” “Best Urban Mixed-Use Project,” “Best Urban Retail Center,” and “Best Residential Project.” This includes the highly coveted “Golden Nugget” award for best real estate development. Bond Companies has offices in Los Angeles and Chicago, and Larry heads up the Los Angeles office.
Larry joins the Realty Mogul podcast to discuss how Bond Companies acquire the land for their developments, the attributes they are looking for, and how they take their first steps with a project. He shares how the company determines the best use for locations in terms of choosing to build mixed-use, multifamily housing, or multi-family with retail or office space. Bond Companies was founded in 1987 and since then has won many prestigious real estate industry awards, so Larry also discusses where they see themselves going in the future.
“One of the ways to create hidden value is literally diving into the details.” - Larry Bond
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Reed Goossens is a real estate entrepreneur, investor, author, public speaker, and author. His professional background is in civil/structural engineering, and after nine years in the field, he took the plunge full time into real estate investing and development. Reed moved to the US in 2011, and within the first year, he had purchased his first duplex for $38,000. He subsequently started RSN Property Group, a multifamily syndication investing firm involved in the acquisition of over $60 mill worth of real estate to date. Reed also launched the podcast Investing in the US – An Aussie’s guide to US real estate in early 2016, where he interviews the cream of the crop within the real estate industry to better educate other investors who want to break into the US Market.
Reed joins Jilliene on the show to share the details of his portfolio, his investment thesis, and the assets he’s currently investing in. He gives listeners insights into the mindset required to overcome your fears, the importance of taking action, and the habits that he practices to keep him on track to achieve his goals. Reed also shares what he is doing in his underwriting to mitigate climate change issues in his assets, particularly in the light of the unanticipated weather in his major area of interest.
"You don't get to deal number 10 without doing deal number one." - Reed Goossens
“Investment strategy has to be value-added — I have to be able to come in and add value to the asset, it's not coming in and putting it on pause and letting it coast, and hopefully, inflation and market growth happens, I want to be forcing that that appreciation.” - Reed Goossens
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Kathleen 'Kathy' Corton established Hillcrest Finance in 2013 and serves as its Chief Executive Officer and Chief Investment Officer. She has over 30 years of experience in the real estate industry, primarily focused on debt investing. Before establishing Hillcrest, Kathy was Co-Owner and Partner of Brickman, a New York-based real estate equity and debt investment management firm. During her tenure at Brickman, Kathy was responsible for debt and equity investing through discretionary commingled funds.
Kathy joins Jilliene on the Mogul Insights podcast to discuss how she got into the real estate business and to tell the inception story of Hillcrest Finance. In addition, she shares her views on the competitive market today for lending and debt in general terms, compared to when Hillcrest Finance was founded in 2013. Kathy also gives her insight into the challenges and opportunities that she sees on the horizon, both for the real estate industry as a whole and specifically for the debt world.
"The opportunities are that the industry keeps evolving. There are a lot of interesting challenges ... in terms of interest rates and the profile of the asset class." - Kathy Corton
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Brad Hargreaves is the founder and CEO of Common, the leading residential brand and operator that designs, leases, and manages multifamily properties that appeal to modern renters. Through smart design and tech-enabled property management, Common delivers exceptional experiences across 11 cities and 6,000 units in co-living, microunit, and traditional apartments. Brad co-founded General Assembly, a global education institution with campuses in more than 15 cities worldwide, and most recently, he was a Venture Partner at Maveron, General Assembly's lead investor.
Brad joins us on the Mogul Insights podcast to share how Common creates consistency of experience given their desire to create a residential brand that was both affordable and had an upscale design aesthetic. He discusses Common’s pre-COVID-19 decision to expand the firm from only managing co-living, into also managing traditional multifamily, describes what drove that strategic decision and outlines Common’s direction for the future. Brad also details how Common is differentiating itself from traditional property management firms in the multifamily space.
"The biggest misunderstanding that people have about co-living that we try to dispel, is that co-living is an extension of student housing. We think about it as an earlier entry into Class A Multifamily in a great neighborhood." - Brad Hargreaves
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Chris Aiello is the Co-founder and current board member of Six Peak Capital, a real estate private equity firm solely focused on developing environments that change the way we live, work, sleep, and interact with our world. He leads all Los Angeles Sourcing, Acquisitions, Underwriting, Capital Markets, and Development at Six Peak Capital. Chris is also the former Chief Financial Officer and Head of Real Estate Acquisitions & Investments at Pan Brothers Associates.
On this episode of the Mogul Insights podcast, Chris Aiello and Jilliene Helman discuss the affordable turn-key flexible living solution of co-living and changing housing expectations for the post-pandemic world. Chris outlines why co-living is a great affordable housing option that allows renters to more readily support their career, lifestyle, and mobility. Chris also shares his insights on why investors should consider a co-living deal instead of traditional multifamily and how co-living deals are typically financed.
"What's happened over the last five or so years is that technology has made it easier to lease and manage the co-living space." - Chris Aiello
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John Sebree is the senior vice president and national director of Marcus & Millichap’s Multi-Housing Division. He began his career as an agent with Marcus & Millichap and earned numerous awards, including eight National Achievement Awards, Top 20, and Chairman’s Club designations. John’s extensive background as a major multifamily specialist spans more than 20 years, and his primary focus is guiding the strategic expansion of the multifamily sales force by working closely with the firm's agents and developing relationships with clients.
Today on the Mogul Insights podcast, John Sebree and Jilliene Helman discuss the data supporting John’s opinion that multifamily has performed consistently and steadily over the past few months. He shares his insights into what’s happening in multifamily real estate nationally and why some areas are becoming more attractive to investors while others drop in popularity. John also dives into the impact of rising rates on multifamily and whether he feels that we will see yield compression in the near future.
“From a high level 30,000 foot view it's it's looking very positive going out over the next few years.” - John Sebree
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Jared Morgan has served as Senior Vice President, Head of Acquisitions at Four Springs Capital Trust in Maryland since August 2016. He supports the real state investment trust in acquiring and managing a diversified portfolio of single-tenant income-producing commercial properties. Jared has 27 years of real estate underwriting acquisitions and dispositions experience, with over 15 years of experience in the net lease sector. Jared was also the former Vice President of Acquisitions at Spirit Realty Capital, where he originated and acquired retail, industrial special use.
In this episode of the Mogul Insights podcast, Jared Morgan shares the central principle he keeps in mind when making a retail sector purchase with Realty Mogul’s CEO Jilliene Helman. He discusses terms and whether he currently favors long terms left on leases or whether he’s willing to take the risk if there are only a few years left remaining on the lease term. Jared also shares some case studies of recent deals that he has bought and the key tenants of those deals from both a credit perspective and a real estate fundamentals perspective
“You've got to always go back to real estate fundamentals. It's, you know, it's what we do with what we buy. It should be the first and the last metric you're looking at when you're making decisions.” - Jared Morgan
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Mitch Sinberg is a multifamily and commercial real estate debt and equity financing expert who serves as Senior Managing Director for Berkadia’s Florida mortgage banking team. He co-manages the state of Florida, and since joining the firm in 2013, has increased Berkadia’s annual volume ten-fold and is consistently named to Berkadia's ‘CEO Circle’ representing the top producers and leaders in the firm. Mitch is also an adjunct professor at Nova Southeastern University, teaching real estate finance and investment in the school’s MS in Real Estate program.
Realty Mogul CEO Jilliene Helman and Mitch discuss the COVID-19 vaccine currently on the horizon and give a retrospective of events in multi-family real estate in 2020 and how the sector has weathered the pandemic. Mitch provides a high-level overview of investing in multifamily real estate in 2021 and shares his thoughts on why it is currently the safest place to put your money. Mitch also dives into details of the markets he is excited or concerned about from a long term perspective and where he would deploy his capital right now.
“Real estate in general, and certainly multi-family within the Real Estate sector, is the most stable of the sectors. We are seeing investment demand as strong we have ever seen it..” - Mitch Sinberg
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Ken Bodenstein is Director of Acquisitions for Realty Mogul Communities, the direct acquisition arm of Realty Mogul. With over 30 years of real estate experience, principally in acquisition and asset management of multifamily properties, he is responsible for sourcing and acquiring multifamily assets in the Eastern United States. Ken has also held senior positions with other prestigious real estate firms, including AIG, Rockwood Capital, and AREA Property Partners.
Realty Mogul CEO Jilliene Helman and Ken Bodenstein discuss the 2020 election, the results that show Joe Biden as President-Elect and Kamala Harris as Vice President-Elect, and what it means for commercial real estate. Ken describes the ramifications of the upcoming fork in the road depending on who wins the special run-off elections for control of the Senate in Georgia. They also consider what the focus of the Biden Administration might be and how their priorities will impact on real estate investors through 2021 and beyond.
“Although there is a light at the end of the tunnel and although six months into the future things will look pretty good the next three to four months still look very difficult.” - Ken Bodenstein
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Tyler Griffin is Senior Managing Director and Chief Operating Officer for the Mortgage Banking Business of ORIX Real Estate d/b/a Lument, a national leader in commercial real estate finance for investors in multifamily, affordable housing, seniors housing, and healthcare real estate. She is responsible for managing business operations across all loan platforms and overseeing transaction management and communications. Tyler also supports initiatives to integrate technology with current practices to facilitate production in these challenging times.
Listen in as our CEO, Jilliene Helman, speaks with Tyler Griffin, and they dive into how COVID-19 continues to impact real estate deals that Fannie Mae and Freddie Mac, and the Federal Housing Administration (FHA) have made. They discuss what real estate investors can expect from Fannie and Freddie and the FHA after the upcoming election's uncertainties and over the next two years. Tyler also explains how Lument and other lenders are leveraging technology during COVID-19 to stay one step ahead of the game and make sure to get deals done.
“Everyone wants the best properties and the best sponsors, and so as long as there is competition for sponsors and properties, there will be competition in the lending market as well.” - Tyler Griffin
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Blake Okland is Vice Chairman and Head of Multifamily Investment Sales for Newmark Knight Frank. His role is to increase collaboration and improve client services nationwide by identifying and executing strategic initiatives. He previously served as president of ARA Asset Management, led the company’s governing body, the National Executive Committee, and is currently an Executive Committee member of the National Multifamily Housing Council (NMHC). Blake has also worked as an acquisitions and dispositions analyst with Archstone-Smith Communities Trust, where he was directly involved with transactions totaling $500 million.
Today, Realty Mogul’s CEO, Jilliene Helman, and Blake discuss what the US Multifamily trade expectations were prior to COVID-19 and how the pandemic impacted on those expectations. Blake shares what he is seeing in investments, which global investors continue to invest in the US, how the pandemic has altered the US multifamily market, and what is happening to global demand because of travel difficulties. Drawing on his experience of seeing Multifamily from many different angles, Blake also gives his opinion on whether now is the right time to sell Multifamily assets and discusses where you should put your money if you do decide to sell.
“We’ve got a lot of headwinds that COVID-19 has created, we’ve have a ton of workarounds which are going to make this messy middle of the rest of 2020, 2021 and into 2022, for Multifamily a lot more manageable than any of us would have imagined.” - Blake Okland
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Ryan Davis serves as Chief Operating Officer at Witten Advisors and provides fact-based research, analysis, and discussion to inform investment decisions for multifamily development and help clients formulate their market strategies. After completing a Ph.D. in Economics from The University of Texas, Ryan joined Witten Advisors as a Senior Economist, having previously been Vice President of Royal Bank of Canada’s Capital Markets and a Director at BMC Capital, a multifamily and commercial mortgage-banking firm. Ryan is in demand as a keynote speaker and currently serves as president the board of the DFW Association for Business Economics.
Listen to Realty Mogul’s CEO, Jilliene Helman, and Ryan Davis in conversation about the differences between concerns this year and last year for multi-family real estate investors and Ryan’s thoughts on what lies ahead for the real estate industry in the 43 unique local markets Witten Advisors covers. Ryan discusses the macroeconomic picture and drills down into the markets that he believes will perform best through this cycle. Ryan also reveals his top strategic picks for markets in which to buy and hold for the long term taking into consideration job growth, rent growth, demographics, and rent control laws.
“Housing will be a driver during this recovery so long as we have an active home-buying market and a home construction market.” - Ryan Davis
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Mr. Schwartz co-founded Waterton Associates, and as CEO, he works with the senior leadership team to set the strategic direction of the company and its investment programs, lead the Leadership Committee, Investment Committee, and assist the team in investments and fundraising. David is a member of the executive committee, a senior officer, and serves as Chairman of the National Multi-Housing Council (NMHC); he is also a member of the Urban Land Institute (ULI) and the Pension Real Estate Association (PREA). Before founding Waterton in 1995, David was vice president of acquisitions for Equity Residential Properties Trust (EQR-NYSE) and from 1985 to 1989 worked with AMLI Realty Co.
Listen in as Realty Mogul’s CEO, Jilliene Helman, and David Schwartz discuss what Waterton Associates are doing to stay connected to other team members during the COVID-19 quarantine and how they are managing to achieve the best possible outcomes regarding multi-family. He shares the latest news on how he’s helping to shape politics through the NMHC, outlines the current initiatives they are working on, and how much of his role at the NMHC is around educating Congress on real estate concerns. David also discusses how this recession compares to previous ones and what can we learn from the past despite the lack of a playbook for the current times
“2022 is going to be a robust recovery - get through to 2022 because there is going to be a pretty strong U shape recovery when this pandemic is over.” - David Schwartz
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Diane Batayeh is the Chief Executive Officer of Village Green Holding LLC, and plays a pivotal role in the development and implementation of their business plans and strategic initiatives. She is an example of Village Green’s "Promotion from Within" philosophy joining Village Green Holding in 1980, as a part-time sales consultant before eventually becoming the Chief Operating Officer and a Board Member in 2011, then President/COO, and ultimately Chief Executive Officer in 2017. Diane and Village Green firmly believe in the upward spiral of good fortune and are proud to support various charitable causes, including Ronald McDonald House Charities and the Live Like Roo Foundation.
Listen in as Realty Mogul’s CEO, Jilliene Helman, and Diane Batayeh discuss the value of working in and having an intimate understanding of all facets of a business and why Diane spent her whole career as one company. They consider the best practices in property management in the current climate and whether owner-operators are more reliable and effective than third party operators in getting problems resolved. Diane also shares a little about her role on the NMHC Executive Board’s Executive Committee and gives us a macro perspective on what she anticipates the coming months holding for real estate.
“Get comfortable being uncomfortable. You never know where life will take you.” - Diane Batayeh
This week on The Reality Mogul Podcast:
● What led Diane into becoming a part-time leasing agent for Village Green Holding
● How she is keeping her employees motivated and focused both in regular times and in these challenging times
● Why she is an advocate for servant leadership
● The biggest mistakes property managers make and how to overcome them
● The crucial 4 Ps and how to use them to manage well
● Evolution of Village Green Holdings and why they value the family feel of the business
● The impact of the property manager on the collections rate
● Ways Village Green Holding have they changed their practices in light of COVID-19
● The impact of technology and virtual leasing on their business and how they have protected their online security
● How underwriting has changed over the last six months
● How Village Green Holdings are managing bad debt in different asset classes
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Peter Linneman is a multi-award-winning economist who combines practical business insight and academic excellence has won him accolades, such as PREA's prestigious Graaskamp Award for Real Estate Research, and Wharton's Zell-Lurie Real Estate Center's Lifetime Achievement Award. He founded Linneman Associates, a leading real estate advisory firm, and currently serves as CEO of American Land Fund and CEO of KL Realty and has advised leading corporations and sat on numerous public and private boards. Peter’s academic career centered around The University of Chicago and the Wharton School of Business at the University of Pennsylvania, his book Real Estate Finance and Investments: Risks and Opportunities in now on it's fourth edition, and he still distributes the Linneman Letter report.
In this episode, Realty Mogul’s CEO, Jilliene Helman, and Dr. Peter Linneman compare this economic slowdown and the recession of 2008/09. Peter gives his opinion from the economist's perspective on whether the cure has proved worse than the disease and the reasoning behind his thoughts. He also shares his tips on working out when it’s time to jump back into the market, how to create your own barometer, and what unusual data sets you can leverage to be successful in real estate investing.
"Treading water is very different to making progress and swimming forward. Holding a business together remotely is do-able, building a business remotely is pretty close to impossible." - Dr. Peter Linneman
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Andrew Rybcyzynski, Managing Consultant at CoStar, provides analysis and ideas to help place capital for high-value clients, including pension funds, private equity, and developers pursuing investments in commercial real estate. He leads the multifamily team in researching paths for investment using spatial analytics through ArcGIS and Python to determine geographic relationships between target properties and their surroundings.
Andrew also researches and writes on real estate trends and has contributed articles to the Journal of Portfolio Management and CoStar’s Real Estate Portfolio Strategist and provides data to publications including The Wall Street Journal, The New York Times, and National Real Estate Investor.
Listen in to Realty Mogul’s CEO, Jilliene Helman, and Andrew Rybcyzynski discuss markets that will perform well despite COVID-19 according to the data, and Andrew's thoughts on some specific cities and their long and short term futures in terms of CRE. Andrew shares the intricacies of his work on population growth and draws some conclusions on how this recession may differ from the recession of 2008. They also drill down into when Andrew anticipates distress coming to the market, and he gives his pick of short term and long term buoyant markets, including his number one positive choice.
"Remote working is a trend going forward, but we’re not predicting that offices will be completely unused - we expect that workers will still be tied to their geographical location in some way." - Andrew Rybcyzynski
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Manus Clancy, Senior Managing Director at Trepp, spearheads the development of Commercial mortgage-backed securities (CMBS) research and commentary at the company. He established Trepp as a pioneer in offering critical information for the daily workflow of the CMBS and Commercial Real Estate (CRE) finance industries, and his expertise has won Trepp a reputation of dependability that stretches all the way up to the US Federal Reserve. Manus has served on the US and UK Investor Reporting Package Committees of the Commercial Mortgage Securities Association and is often quoted on financial matters in the Wall Street Journal and New York Times in addition to his articles written for The Handbook of Commercial Mortgage Backed Securities and Whole Loan CMOS.
Listen to the conversation between Realty Mogul’s CEO, Jilliene Helman, and Manus Clancy that focuses on where the opportunities will lie in this unusual climate and on understanding what distress looks like in the CRE markets. Manus shares his thoughts on where the CRE hotspots lie and how they perform in relation to non-hotspots and when he sees the tipping point into distress happening. They also discuss the changing patterns of household formation and the impact of COVID-19 on lease renewal that Trepp sees in their current research.
“Markets that have done well attracting tech companies will continue to survive; they continue to gobble up space in epic proportion, not only for office but for multi family and retail.” - Manus Clancy
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Vicky Schiff is a Founder and Managing Partner of MREC Management and is also the functional Chief Operating Officer of Mosaic Realty. She is an entrepreneur who has co-founded five companies since 1996, including real estate investment, a boutique investment banking firm, and Oro Capital Advisors which focuses on investors interested in acquiring commercial real estate debt and distressed assets across the USA. Vicky also has served on not for profit Advisory Boards such as the Robert Toigo Foundation and the USC Lusk Center of Real Estate and is committed to supporting women and minority emerging real estate firms throughout the US
Listen in as Realty Mogul’s CEO, Jilliene Helman, and Vicky Schiff deep dive into the intricacies of the current economic landscape and where they see investment opportunities over the coming months. Vicky shares what she has learned over the course of her career and what the last series of downturns taught her about trusting the data and doing her homework. Vicky also gives practical advice on how long a foreclosure generally takes and how Mosaic mitigates the risk of a longer timeline and goes on to share how long it will be until distressed transactions hit the market and her thoughts on how investors should time their action.
“Doing your due diligence and knowing what questions to ask are the most important things - it’s all about protecting the capital you've been entrusted with.” - Vicky Schiff
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Burl East is the CEO of American Assets Capital Advisers, and his career spans over 30 years on Wall Street as a Managing Director and as an NASD Broker-Dealer member-owner. He serves on the Board of Advisors of Comunidad Realty Partners, a real estate investment firm specializing in multifamily apartment communities. Burl has also served on the Leadership Council at USC‘s Lusk Center for Real Estate and the Board of Directors of Excel Trust Inc, is in demand as a speaker at international real estate industry events and as a contributor for highly regarded financial publications such as Barron’s.
Listen in as Realty Mogul’s CEO, Jilliene Helman, and Burl East discuss the state of market volatility in the wake of the COVID-19 pandemic. Burl shares his thoughts on which assets could make a strong recovery and how private real estate investors can best position themselves to take advantage of current market conditions. Burl also gives listeners the benefit of his considerable experience in real estate investment and shares exactly why you shouldn't let valuation dominate your investing strategy and how to be intentional with your portfolio.
“Favor quality over price.” - Burl East
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Scott has over 25 years of experience in commercial real estate investment, focusing on multi-housing investment sales and realizing over $2 billion in transactions during that time. Scott is a managing director in the San Francisco office of Jones Lang Lasalle (JLL), having joined from HFF, and is responsible for institutional-grade investment advisory for multi-housing assets across the western United States. Previously the Owner and President of commercial brokerage firm Atlas IREG which offered strategic financial services to multi-housing investment and development companies, Scott is a member of professional organizations, NAREIT and ICSC, and got his degree from the University of Colorado at Boulder.
Listen in to Realty Mogul’s CEO, Jilliene Helman, and Scott Bales as they discuss the information from JLL’s database on May 2020’s residential collections and why they offer a unique perspective on the impact of COVID-19. Scott shares his insights on developments in the debt and equity markets and identifies some specific markets that have been hit harder than others. We also discuss international companies’ approach to ensuring tenants are happy and healthy, moving forward, and how and why investments are being affected by politics and the upcoming election.
“Democrat or Republican I think the diminution of uncertainty would be beneficial to the market.” - Scott Bales
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Warren has been an active commercial real estate investor for the past 25 years in addition to his extensive experience a CPA. He is the co-founder of JRW Investments, Inc. and a managing member of ExchangeRight Real Estate, LLC where he focuses on empowering people to be independent by providing income funds and 1031-exchangeable investments that target secure capital and stable income. Warren has a B.S. in Business from Biola University and later earned a Master’s degree in Taxation from Golden Gate University.
Listen in to the discussion between RealtyMogul’s CEO, Jilliene Helman, and Warren Thomas, Managing Partner of ExchangeRight where we talk about the current and future state of retail/NNN investing. Warren shares his thoughts on the current state of the economy and his biggest concerns going forward and details the investment criteria that ExchangerRight apply and the reasoning behind them. He also details the 1031 exchange extension rules and recent changes to their structure and discusses the effect of the upcoming election on 1031 exchanges and investments.
“In the triple net and double net world its all about the credit quality and the nature of the tenants business.” - Jeremy Roll
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Jeremy Roll has been a full-time passive cash flow investor since 2007, and as Founder and President of Roll Investment Group, he currently manages over 1,000 investors seeking opportunities in real estate and business asset investment. He has an MBA from The Wharton School, is a licensed California Real Estate Broker (for investing purposes), and has been an Advisor here at Realty Mogul since we launched in 2012. Jeremy is also one of the co-founders of For Investors By Investors (FIBI), a non-profit organization that allows real estate investors to meet and network with the rule of ‘no sales pitches’ as its core foundation. Jeremy is also a sought after speaker at conferences and seminars and enjoys discussing passive cash flow investing, commercial and residential real estate investing, and the economy at events and on podcasts.
Listen, as Jeremy shares his thoughts with Realty Mogul CEO, Jilliene Helman, on the current climate for commercial real estate investors and how he sees the investment landscape over the coming months. He discusses the relationship between the upcoming election and the economy and why it is vital to delve deeper behind the headlines to understand the intricacies of the shape that a downturn is likely to take. Jeremy also gives his predictions on current investment opportunities and responds to a request to advice for anyone coming into the working world with pointers on where in the world of real estate investment they should focus.
“Debt is what really kills people in the downturn.” - Jeremy Roll
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Antonio Marquez is the Principal and Managing Partner of Comunidad Realty Partners, a real estate investment firm specializing in workforce housing communities in culturally diverse neighborhoods. Antonio has over 20 years of experience in companies that serve the Hispanic marketplace and focuses on urban real estate and affordable housing. Antonio graduated from California Polytechnic – San Luis Obispo then completed the Stan Ross Program in Real Estate at the University of Southern California’s Lusk Center for Real Estate.
Michael Brennan is a Co-Founder, Chairman, and Managing Principal of Brennan Investment Group. He began his industrial real estate career in 1984 as an Investment Specialist with CB Commercial and since then has orchestrated more than $14 billion in industrial real estate transactions in the course of his career. Michael currently acts as Executive Director of the University of Wisconsin’s James A. Graaskamp Center for Real Estate in addition to appearing as an industry expert CNBC, CNNfn, and Bloomberg Television.
Listen in as our CEO, Jilliene Helman, converses with Antonio and Michael about the strategies for responding to the ongoing Covid-19 pandemic. These two industry experts share their experiences and opinions of how the health crisis is affecting residential and commercial real estate and the programs they have in place to manage current issues on the ground. The conversation also turns to how Comunidad Realty and Brennan Investments are dealing with the constantly evolving legislation and how both companies see their sectors being affected by the pandemic through the remainder of 2020.
“By no means has transactional activity come to a halt - banks are stronger than they’ve ever been and are now so strong they could withstand losses equal to that of the Great Depression and still make it.” - Michael Brenner
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Ethan Penner is a founder of Mosaic Real Estate Investors and its Managing Partner and is credited as the creator of the Commercial Mortgage-Backed Securities (CMS) market. He was named among the U.S. Real Estate Industry’s 100 icons of the 20th century, and the Real Estate Forum recognized him as one of the Real Estate Industry’s 65 living legends in their 65th-anniversary issue. Ethan is also an adjunct professor at Graziadio School of Business at Pepperdine University and is passionate about educating people on the intricacies of real estate investing through his weekly blog and articles in publications including the Wall Street Journal, the Wharton Real Estate Review, and the Institutional Real Estate Investor.
Listen in as our CEO, Jilliene Helman, discusses with Ethan Penner the current challenging climate and why he remains is optimistic about real estate investment opportunities during and after the Covid-19 pandemic. Ethan shares his perspective on what we can expect to see in Commercial Real Estate (CRE) in the future and offers his advice on the possible courses of action for real estate investors. He also discusses how the global health calamity has brought out the compassionate side of human nature in contrast to the crisis of 2007/8, why people are kinder and gentler in the face of the human suffering going on.
“Real estate in America, despite the crisis, will continue to be the favored investment for the world.” - Ethan Penner
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