JF 3890: Multifamily Development, Steel Construction, and DFW Market Trends Ft. Phillips Wagner

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 29 April 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Best Ever CRE, Joe Cornwell interviews Phillips Wagner of Mill Street Partners. They dive into how Phillips is making ground-up multifamily and industrial development deals work in today’s challenging market, including creative land entitlement, vertical integration to control construction costs, and the use of steel framing to save on insurance and build times. They also discuss the importance of municipal incentives, the long-term outlook for DFW development, and advice for new developers looking to avoid common pitfalls. Phillips Wagner COO and Partner Say hi to them at https://millstreetpartnersllc.com/ 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	Are you an accredited investor seeking a premium opportunity in one of America's hottest real estate markets?
0:06.2	Then elevate your investment portfolio with Viking Capital's newest opportunity.
0:10.9	The Hamilton, a luxurious 232 unit multifamily community located in Hendersonville, Tennessee,
0:17.3	one of Nashville's most desirable and supply-constrained sub-markets. Why Hendersonville?
0:22.1	This vibrant community features top-rated schools and strong demographics, with exceptional
0:27.1	rank growth potential and minimal new supply on the horizon. Limited inventory, growing demand,
0:32.1	and a high occupancy track record create ideal conditions for strong cash flow and long-term
0:37.2	appreciation. In fact,
0:38.8	the Hamilton is already a cash-flowing property with 97% occupancy, and Viking Capital plans
0:44.7	to capture immediate upside by raising rents by over $300 while still remaining below market
0:50.1	comps. It's all part of Viking Capital's commitment to identifying low-risk opportunities
0:54.4	that preserve investor capital while maximizing long-term growth potential. To learn more about
0:59.7	Viking Capital and the Hamilton Investment Opportunity, which is available for you right now,
1:04.2	click the link in the show notes to get started today. All right, best ever listeners, welcome to
1:08.4	the Best Ever CRE podcast. And today we are live at the best ever conference, 2025. Today I am here with Phillips Wagner, Mill Street Partners. And we are going to talk about some development deals. That's who I've been looking for. I've been running around like a madman trying to find the right people to bring to the best ever podcast. As you guys have probably noticed, I have focused on the construction
1:31.7	development side recently. And so, Phillips, how are you today? Doing great. Glad to be here. Thanks for
1:37.2	the opportunity. How has your best ever conference been so far? You know, it's really good. This is
1:41.2	the first conference for me here at the best ever.
1:45.0	And so a lot of good insight and meeting some great new folks.
1:50.1	Well, since it's your first time on the show, tell us a little bit about yourself.
1:52.9	What's your background?
1:53.9	What is your business?
	...

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