JF 3918: Creative Development, Investor Expectations, and Risk Mitigation ft. Chris Parrinello

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 27 May 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Best Ever CRE, Joe Cornwell interviews Chris Parrinello, VP of Investor Relations at Viking Capital, live from the Best Ever Conference 2025 in Salt Lake City. Chris shares insights into Viking's strategic pivot toward development, highlighting their latest JV project in Peoria, AZ—a 220-unit garden-style and townhome multifamily deal. They discuss why Viking is still bullish on multifamily, how they’re mitigating risk through conservative underwriting and experienced partners, and the importance of reframing investor expectations when chasing long-term equity multiples over short-term yield. Chris also breaks down the project’s economics, deal structure, and why 2025 might be the perfect setup year for outsized gains in 2026. Chris Parrinello Current role: VP of Investor Relations, Viking Capital Based in: South Florida Say hi to them at: https://vikingcapllc.com or listen to his podcast Wealth Unfiltered Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. 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	As a CRE investor, flexibility in when and how I get tasks done is essential.
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1:06.4	Real quick, before we get back to the show, it's Pascal Wagner here, and you may know me as the host of the passive income playbook on this podcast.
1:16.0	And if you've ever looked at a deal and thought, is this actually any good, you're not alone.
1:22.6	I'm hosting a free webinar where I teach my three-step buy box framework, a simple system to improve your
1:30.4	due diligence, know exactly what to look for, and quickly filter deals out. If that's interesting
1:36.6	to you, you can sign up at best ever cRE.com slash grow cash. Again, that is best ever CRE.com slash G R-O-W-C-A-S-H. We'd love to see you there.
1:54.8	And now back to the episode.
1:59.2	Best Ever listeners, welcome to the Best Ever CRE podcast.
2:02.3	We are live in Salt Lake City at the Best Ever Conference 2025.
2:07.7	And I am here with Chris Paranello.
2:12.2	Am I saying that right?
2:12.6	Yeah, Chris Paranella.
	...

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