#307: Urban Development, Giving Back, and Much More! -with Adrian Washington

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 26 January 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Adrian Washington is the CEO and founder of the neighborhood development company.

Adrian has more than 30 years of experience in urban real estate development, construction, and management.  Since founding NDC in 1999 he has led the development of over 1 million square feet of real estate in the Washington DC area with an active pipeline of another half-million.  NDC is also a partner in the District’s City Center DC project and in Baltimore’s State Center project. 

From 2005 until early 2007 Adrian took a leave of absence from NDC to serve as the President and CEO of the Anacostia Waterfront Corporation (AWC), which is the entity charged with leading the redevelopment of the city’s Southwest and Anacostia Waterfronts, including Nationals Stadium, the Yards, and the Wharf.  Adrian grew up in the city’s Anacostia neighborhood and is a lifelong resident of DC.  He is a graduate of Stanford University and Harvard Business School.

Quotes:

“We like variety from both an economic portfolio balance perspective, but also from an interest perspective. I’ve done this for a while now, I want to have that variety and my team likes different kinds of projects. So, we do for-sale condos, market-rate rental buildings, market-rate commercial buildings, and we also do affordable housing because it’s a good business, but it’s also a good way to give back.”

“The supply and demand imbalance, if anything, has gotten worse for the buyer. The prices have gone up tremendously there (single-family homes) and the selling cycle has gotten shorter, and for the condo project we had, the same type of thing."

Highlights:

3:24- Adrienne talks about his background and how he made his way into the real estate space

11:03- Adrienne tells us about what he builds to keep and builds to sell

16:09- Adrienne talks about the impact of COVID in the area that he does his business in

19:45- Adrienne tells us about the most rewarding project that he’s ever been a part of

Guest Website:

https://www.neighborhooddevelopment.com/

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Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.6	and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.6	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:31.7	Hey guys, Kevin Bup here, and I want to welcome to another episode of the Real Estate
0:35.2	Investing for Cash Flow podcast.
0:37.2	Our mission is to help you build and maintain massive amounts of cash flow through
0:40.8	income producing real estate investments.
0:43.3	Now, our guest for this week's show is CEO and founder of the neighborhood development
0:46.4	company, Adrian Washington.
0:48.7	Now, Adrian has more than 30 years of experience in urban real estate development, construction,
0:52.3	and management.
0:53.5	Since founding NDC in 1999, he has led the development of over 1 million square feet of real estate in the
0:58.9	Washington, D.C. area with an active pipeline of another half million. NDC is also a partner
1:04.6	in the district's city center D.C. project and in Baltimore's state center project. Now,
1:09.9	from 2005 until early 2007, Adrian took a leave of absence from NDC to serve as the
1:15.9	president and CEO of the Anacostia Waterfront Corporation, which is the entity charged with
1:20.5	leading the redevelopment of the city's southwest and Anacostia waterfronts, including
1:24.4	the national stadium, the yards, and the wharf.
1:27.7	Adrian grew up in the city's Anacoste neighborhood and is a lifelong resident of D.C.
	...

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