Camp North End started in 2014 with the acquisition of a 76 acre site of industrial buildings dating back to the early 1920s, a formerly blighted are that would be transformed with thoughtful, and walkable design. I was joined by Damon Hemmerdinger and former pro soccer player Tesho Akindele to discuss the makings of such an impressive project.

Chapters
00:00 Introduction and Acquisition of the Site
08:17 Preserving Historic Buildings and Fostering Economic Activity
25:41 Transforming a Former Industrial Site
38:27 Expanding the Project and Fundraising
45:54 Advice for Retail Developers

Camp North End: https://camp.nc/

Drew Breneman discusses his real estate investment strategies, focusing on his experience investing in multifamily apartments in Chicago and the Midwest. He emphasizes the importance of understanding local markets and dispels the notion that blue states and cities are not good investment opportunities. Drew also shares insights into financing strategies, including the use of agency loans and refinancing to maximize returns. He discusses his approach to expanding his capital base and attracting investors, highlighting the value of personal connections and providing educational resources. In this conversation, Drew later discusses his experience in building an investor network and the importance of referrals. He also shares his approach to long-term holds and the benefits of refinancing. Drew emphasizes the significance of cash flow and long-term compounding in real estate investing. He discusses the pros and cons of in-house property management versus third-party management. Lastly, Drew highlights the importance of focusing on doing good deals rather than setting specific goals for growth.

00:00 Introduction and Background
01:42 Investing in Chicago
05:04 Operational Focus
07:12 Market Selection
09:15 Investing in the Midwest
13:16 Different Business Plans
22:37 Expanding Capital Base
24:11 Building an Investor Network
27:02 Long-Term Holds and Refinancing
30:11 Focus on Cash Flow and Long-Term Compounding
34:45 Property Management: In-House vs. Third Party
39:23 The Role of the Operator
46:29 Focus on Doing Good Deals

Drew's Link https://www.breneman.com/downloads

I was joined by Bobby Fijan, the Bill James of Floorplans, to talk about the science of floorplans. Not only from a feasibility and quantitative standpoint, but also regarding the lack of apartments being built for families instead of just roommates in today's environment. We also discussed long term financing, and build to own rather than build to sell.

Michael King, JT Redd and I discussed the current state of the investment sales market in Salt Lake City. JT and Michael are my go-to resource for all things Investment Sales in. Their team currently has $500M of commercial real estate for sale and under contract, and nobody spends more time talking to buyers, sellers, developers, and LP equity than these two.

Timestamps
00:00 - Mini Perm Construction
06:24 - Building in Downtown SLC
09:27 - Strategies in Current Market
12:14 - Preferred Areas/ Amenities
16:35 - Townhomes
18:20 - Construction Costs
20:45 - Industrial Market
28:36 - Conversions
34:13 - Who Is Buying Right Now
35:55 - Ground Floor Retail on Apartments
39:28 - Office & Retail
42:18 - Class A Strike Prices

I was joined in studio by my friend Tyler Alley of Rose City Partners. I aspire to have Tyler's level of sophistication when it comes to building strip malls. We go through the entire cycle:

Acquisition

Entitlements

Financing

Construction

Leasing

To Drive Thru or Not To Drive Thru

The whole nine yards! Tyler is giving PHD level advice here, and I'm just happy to be along for the ride

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Links:

Tyler on twitter/X: LINK

Tanner on https://www.linkedin.com/in/tanner-webster-76b182193/

Tanner on Twitter/X: https://twitter.com/twallyweb

Masters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videos

Masters in Real Estate is produced by https://www.zuumpost.com/

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Show Notes: I'm joined by Charles Farnsworth, Fund Director at 1892 Capital Partners. 1892 Capital Partners is a balance sheet lender that provides flexible capital to opportunistic sponsors. Give Charles a call on your next deal!

In this episode, we discuss:

• Charley's Early Days of Flipping Houses
• How Credit Strategies Can Fill The Holes In Institutional Lending
• Balance Sheet Lenders vs Funds
• Looking beyond LTV and LTC
• Mezzanine Loans

Sign up for our Mailing list: HERE

Sign up for our investor list: HERE

Links:

Charles on Linkedin: Link
Charles' Email: charlesf@1892capital.com
Charles' Phone Number: (253) 592-3452

1892 Capital's Website: Link

Tanner on Linkedin https://www.linkedin.com/in/tanner-webster-76b182193/

Tanner on Twitter/X: https://twitter.com/twallyweb

Masters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videos

Masters in Real Estate is produced by https://www.zuumpost.com/

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I'm lucky enough to be joined by my friend and mentor Dan Stanger from Bridge Investment Group. Dan is a wealth of knowledge and brings over 28 years of commercial real estate experience. Dan co-founded the predecessor to Bridge Investment Group, CDS Investments, in 1997 and led Bridge to become a publicly traded company in 2021. Dan retired from Bridge in 2022 and now lives with his wife Anna while they work together on their non-profit The Danna Foundation.

In this episode, we discuss:

• Dan's Background
• The beginning of Bridge Investment Group
• Scaling your company
• Doing things with honor and integrity
• Developing Golf Courses
• Where we're at in the economy

Sign up for our Mailing list: HERE

Sign up for our investor list: HERE

Links:

Tanner on Linkedin

Tanner on Twitter/X: @twallyweb

Masters In Real Estate: Youtube

Masters in Real Estate is produced by Zuumpost

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