The Real Estate Coffee Break by Virtus: Recent Episodes
Virtus Insurance
The Real Estate Coffee Break is the mini podcast designed to give listeners a quick download of intel on the happenings in Commercial Real Estate. Join host Collin Chlebak, leader of the National Real Estate Practice for Virtus Insurance, as he discusses the current Real Estate climate with leading professionals.
On this episode, Luke Leins sheds light on strategies ResProp/InvestRes uses to help their clients find unique ways to underwrite deals. He also touches on the use of technology to create more efficiencies in the management of their client's assets.
On today’s podcast, Collin sits down with JP Newman, CEO and Co-Founder of Thrive FP and Thrive Lending, for an incredible discussion on “mission and intent” and how Thrive FP has become such a success by taking on an alternative approach to building a business. Thrive FP is a private equity real estate investment firm that builds thriving communities by giving their tenants a true sense of community.
Collin and JP dive into the “FP” behind their name and how they went above and beyond for their residents during COVID-19. JP also touches on their non-profit, Veritas Impact Partners, whose mission is to provide resources and services to help residents maintain home, health, and economic advancement.
THIS IS A MUST-LISTEN PODCAST!!
Contact Info:
JP Newman, CEO & Co-Founder, Thrive FP
jp@thrivefp.com
On today’s episode of The Coffee Break, Collin sits down with Matt Stone, CEO and Managing Partner of ClearWorth Capital. ClearWorth Capital renovates and repositions underperforming multifamily real estate assets to create exceptional investment results. With a 25 year career in real estate, Matt has had his hands in all aspects of multifamily real estate and has dialed in on the Value Add space over the last five years.
Matt and Collin discuss ClearWorth Capital’s opportunistic deal, Valaine on Parkway, and how they were able to “buy right” on this asset three months after they weren’t even awarded best and final on the same property.
In this episode, Kenny Wolfe discusses how staying opportunistic can lead to more deals in the current market. Furthermore, he offers insight into two unique deals his firm has recently closed. While on opposite ends of the spectrum, Kenny mentions how both deals show great potential through different approaches.
On today’s episode, we sit down with Tim Hartwig, Vice President of Asset Management for Treeline Multifamily Partners. Started a little over a year and a half ago, Treeline is a private equity backed company that currently owns just over 2,000 units with hopes of doubling that this year.
Tim discusses why their risk appetite has changed from traditional Value-Add assets to more Class A projects and really what they are doing to bring extra value to those Class A Apartments (i.e. solar, utility efficiencies, valet, pet services).
Collin and Tim also dive into what makes Treeline so competitive when closing deals and what markets they will tackle next.
Tim Hartwig
Treeline Multifamily Partners
E: Thartwig@treelinemp.com
www.treeline.partners
On today’s episode, we sat down with Jerry Fink, Co-founder and Managing Partner of The Bascom Group. Bascom has completed over $21 Billion in multifamily and commercial transactions since 1996. Jerry shares the unique story of how Bascom started and their biggest opportunities they have targeted over the last 18 months.
Jerry also discusses where he thinks the market will be in the next few years and when they predict institution capital will return to the urban core.
Contact Info:
Jerry Fink
jfink@bascomgroup.com
On today’s episode of The Coffee Break we sit down with Maureen Miles, Founder and Managing Partner of 4M Capital Real Estate Investments. Based out of Atlanta, 4M Capital is a vertically integrated real estate company that acquires, repositions, and manages affordable and market-rate multifamily communities.
Maureen and Collin discuss upcoming markets and where they see the next big opportunity. Maureen also discusses how her drive to learn all aspects of the real estate industry has lead to 4M never being late on a distribution or short on a projection for her investors over more than 20 syndications. Maureen also shares her passion and advice for other upcoming women starting off in the industry.
On today’s episode, we interview Brian Schottenstein of Schottenstein Real Estate Group. Schottenstein Real Estate Group, based out of Central Ohio, is one of the largest developers in the Midwest and was recently ranked and voted the #1 Commercial Real Estate Developer by Business First & CEO Magazine.
Brian discusses how their unique approach to luxury resort-style apartment living and their amenities offered are huge reasons why they have been so successful. Collin and Brian also discuss the importance of building these properties in suburban areas. Providing his final thoughts, Brian shares his thoughts on hot markets and where the industry is headed in the next few years.
On today’s episode of The Coffee Break, Collin Chlebak talks with Austin James, Associate Director at McGowan Risk Specialist. Founded in 1996, McGowan Risk Specialists is a wholesale brokerage that focuses on the placement of all Professional Liability, Management Liability, Media/Technology, Environmental, Medical, and other Miscellaneous classes.
Austin started his insurance career on the retail side as a producer, after graduating with a degree in Finance from Florida State University. Eventually he moved into the wholesale space working for two large national brokerages. In 2014, he joined McGowan to launch McGowan Risk Specialists- CAT and Specialty Property Division. Since then, he has focused on building the organization to be a best in class property & casualty wholesaler to serve the needs of agencies nationwide.
Austin James
McGowan Risk Specialists
P: 440.333.6300 x5911 | E: ajames@mcgowanrisk.com
www.mcgowanrisk.com
In today’s episode, Collin Chlebak interviews Josh Satin, Director of Acquisitions for Gelt Inc. Focusing on the Western United States; Gelt has acquired over 15,000 units since 2008.
Josh breaks down what is most important to Gelt when identifying deals and explains how they have produced 27% returns over the last ten years.
Josh Satin
Director of Aquisitions
josh@geltinc.com
In this episode, Collin Chlebak interviews Bruce Wuollet on his journey into Multifamily Real Estate. Bruce highlights his expertise in value-add investments and how to attack the challenges facing the industry.
Bruce Wuollet
Founder
bruce@bakerson.com
877.969.1987
In this episode, Lani explains how CALCAP aligns the interests of a client’s investment by providing not only an acquisition strategy but also the exit strategy. She also provides insight on how they empower and incentivize managers to take ownership and be stewards of a client’s P&L.
Lani Porter
EVP & Managing Director
CALCAP Properties
lani.porter@calcapadvisors.com
http://www.calcapproperties.com/
480-292-4043
On today’s episode of The Coffee Break, Collin Chlebak talks with Albert Berriz, CEO, Managing Member, and Co-Owner of McKinley, Inc. Founded in 1968, McKinley is a privately held family-owned business that owns and operates $4.6 Billion of Real Estate across 16 states.
Collin and Albert discuss short term challenges in WorkForce Housing and the quick evolution of their virtual capacity. Albert also talks about opportunity post COVID-19 and how operational excellence and a strong working community are the keys to long term generational wealth.
Contact Info:
Albert Berriz
aberriz@mckinley.com
(734) 769-8520
On this episode, Collin Chlebak chats with Carlos Vaz, President of the CONTI Organization. Carlos explains how CONTI has built a culture of success and their business acumen to find certainty in uncertain times.
Contact Info:
cvaz@contiorg.com
On this episode, Collin Chlebak speaks with Tariq Sattar of Anthem Property Ventures. Tariq provides insight on how they’ve grown from 0 to 1,800 units in the past 5 years and how they’re looking to be opportunistic during this period of uncertainty.
Tariq Sattar
Principal
Anthem Property Ventures
Tariq@AnthemPropertyVentures.com
http://www.AnthemPropertyVentures.com
405-314-5072
On today’s episode, we hear from Joel Thompson, Co-Owner of Precision Equity. Precision Equity is a Commercial Real Estate Investment Firm based out of Tulsa, Oklahoma, that owns and operates in the Multifamily Space as well as Multi-Tenant Retail Centers.
Joel discusses how they are handling the day to day impact from the current economic and social issues and provides some excellent advice for young investors looking for their first couple of deals.
Joel’s Contact Info:
Email: joel@precisionequity.com
On today’s Coffee Break, Collin Chlebak interviews Alicia Clark, President, and CEO of the Seldin Company. Seldin Company, established in 1923, is a Midwest Property Management Company with a diversified portfolio ranging from conventional, market-rate housing to HUD and Low-Income Tax Credit Properties covering the Central Midwest.
Alicia discusses silver linings to COVID-19 and how further exploration of their current technology platforms has helped them reach a larger applicant pool and maintained high rent collections.
Alicia Stoermer Clark, PhD | CEO/PRESIDENT
SELDIN COMPANY
16910 Frances Street, Suite 200 | OMAHA, NE 68130
O: 402.952-4561
alicia.clark@seldin.com
On today’s episode, Luis Velez, SVP and Partner of AndMark Management Company who oversees the operational side of their Multifamily portfolio of over 10,000 units. Luis shares his thoughts on current market trends, explains how AndMark has navigated the pandemic and what they’re hoping 2020 looks like as the country re-opens.
How are you building cash reserves? In today’s episode, Noah Molnar of POPIC discusses their resident insurance program and explains how POPIC flips the economics of a traditional renter’s insurance program to benefit the owner to create an additional revenue stream.
On this episode of the Coffee Break, Joe Gomez provides some high-level advice regarding forbearance for Fannie and Freddie Loans.
In this episode, John Brickson shares some insight on helping with cash flow and what utilizing a forbearance on Freddie/Fannie loans means, during the current pandemic.
Reid Bennett, the National Council Chair of Multifamily for SVN, breaks down how business has changed over the last two weeks due to COVID-19 and offers a few suggestions for owners and operators looking to buy/sell multifamily during this time.
Paul Worcester of Simplifyy is using technology to transform Property Management in the Multifamily Industry. Simplifyy is increasing NOI for owners and bringing efficiency to tenants with their technology platform.
Mark Allen, the executive managing director at Greystone & Co., answers the burning questions relating to the current national environment and how it is affecting the Real Estate Market.