JF 3870: Strategic Development, Market Shifts, and Build-to-Hold Philosophy ft. Victor Menasce

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 9 April 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Victor Menasce, senior partner at Y Street Capital. Victor shares his transition from electrical engineering to full-time real estate development, focusing on why he pivoted from value-add deals to ground-up development across multifamily, industrial, and land projects. He dives into challenges with rising construction costs due to tariffs, converting historic buildings, and the complexities of repurposing office space into residential units. Victor also discusses the long-term strategy of build-and-hold investing, small-bay flex industrial demand, and insights on markets like Salt Lake City and New York. Victor Menasce Senior Partner Based in: Ottawa, Canada Say hi to them at ystreetcapital.com vikingcapllc.com Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, best ever listeners, welcome to the best ever CRE show. This is Beyond Multifamily. I'm
0:07.6	Amanda Cruz, joined with Ash Patel. Hey, Ash, what's up? Hey, Amanda and hello, best ever listeners.
0:15.8	Ash and I are with today's guest, Victor Menesh. Victor is joining us from Ottawa, Canada. He was on the show
0:22.7	way back in 2017, episode 1205, where he discussed raising money with Joe Fairless. Victor is a senior
0:29.9	partner at Y Street Capital. They develop apartments, senior housing, storage, flex, industrial,
0:34.9	and land across nine states and two Canadian provinces.
0:39.4	Their portfolio consists of 2,000 acres of land, 250,000 square feet of current industrial
0:45.0	construction, and nearly 500 units of apartment construction.
0:49.2	Victor, thanks for joining us.
0:50.7	How are you doing today?
0:51.6	Great.
0:52.0	Great to be here.
0:52.7	Thank you.
0:53.9	Absolutely. Thank you for joining us. We're looking doing today? Great. Great to be here. Thank you. Absolutely. Thank you for
0:55.1	joining us. We're looking forward to this conversation. Before we dive in, can you give the best
0:59.9	ever listeners a bit about your background and what you focus on now? Sure. Well, my path into real
1:05.8	estate was certainly not the typical career path. I started my career actually as an electrical
1:10.2	engineer designing
1:11.8	microprocessors of all things and spent a good chunk of my early days of my career,
1:17.6	both in telecom and semiconductor companies, rose through the ranks of both private and public
1:23.7	companies, did one, IPO, five M&A transactions.
1:33.3	And eventually, you might remember there was something going on in real estate around 2009,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Best Ever CRE, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Best Ever CRE and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.