JF 3877: New Jersey CRE Wins, Cash Flow Tradeoffs, and Building a Capital Team ft. Aaron Fragnito

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 16 April 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Aaron Fragnito, co-founder of People’s Capital Group, about his multifamily and mixed-use investing strategy in New Jersey. Aaron shares how he's thriving in a competitive market through off-market deals, aggressive repositioning, and capitalizing on low cap rates. He discusses his move into Class A assets, insights on managing older mixed-use properties, and his pivot from house flipping to scaling syndications with institutional capital. Aaron also reveals the structure of his capital-raising team and the operational challenges behind the scenes. Aaron Fragnito Co-founder Based in: Somerville, NJ Say hi to them at www.peoplescapitalgroup.com www.linkedin.com/in/aaron-fragnito-620b93173/ www.youtube.com/channel/UCCeJh5UgrdBDOabr2YLbAHg vikingcapllc.com Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, best ever listeners, welcome to the best ever CRE show.
0:06.0	This is Beyond Multifamily.
0:08.3	I'm Amanda Cruz, joined with Ash Patel.
0:11.6	Hey, Ash.
0:12.3	Hey, Amanda, and hello, best ever listeners.
0:16.1	Osh and I are with today's guest, Aaron Fragnito.
0:19.7	Aaron is joining us from Somerville, New Jersey.
0:22.7	He's the co-founder of People's Capital Group. They repositioned New Jersey apartment buildings.
0:28.2	They're vertically integrated with in-house management. His portfolio consists of 200 units
0:33.1	across 23 multifamily and mixed-used properties, totaling 40 million in assets under management.
0:40.4	Aaron, thanks for joining us.
0:41.8	How are you doing today?
0:43.0	Doing well, Amanda.
0:43.8	Thanks for having me on the show.
0:44.8	Glad to be here.
0:46.5	Aaron, there's an elephant in the room.
0:48.6	Do you know how many times I've heard you can't find a deal in Jersey?
0:53.0	And I'm from Jersey, right?
0:55.1	Born and raised out there.
1:01.2	How are you doing this? Man, I've found three, I've done like 300 deals in Jersey. All we do is find deals in Jersey. You know, it's the only one. Holy crap. Yeah, absolutely. Well, you know, in Jersey,
1:07.1	it's a lot about who you know, not what you know. You got to, you got to grease the right palms. No, no, it's important to understand your market in any, in any situation. You know, you can really make money in any real estate market. And New Jersey is actually one of the highest demand places for deals. In fact, the hardest part about finding a good deal in Jersey is all the other bidders on the
1:27.8	table.
	...

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