JF 3983: Asset Management Insights, Third-Party Risks, LP Due Diligence Tips Ft. Tyler Krengle

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Investing, Business

4.8 • 983 Ratings

🗓️ 31 July 2025

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Passive Income Playbook, Pascal Wagner interviews Tyler Krengle, Head of Asset Management at Rockfish Capital. Tyler walks us through his journey from helping grow the third-party management arm of Banyan Equity to building Rockfish’s operations alongside a German sponsor. He dives deep into the dynamics of third-party vs. vertically integrated property management, the risks of misaligned incentives in management contracts, and the red flags LPs should watch for when evaluating deals. Tyler emphasizes the importance of early involvement from property management in underwriting, the nuances of construction oversight, and the often overlooked human elements that make operators truly successful. Tyler Krengle Current Role: Head of Asset Management at Rockfish Capital Based in: Texas Say hi to them at: LinkedIn - Tyler Krengle | https://pacificcapitalholdings.com/ Visit investwithsunrise.com to learn more about investment opportunities. 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	Hey, best ever listeners, I want to tell you about something that's caught my attention,
0:03.6	Sunrise Capital Investors, and they're soon to close, growth and income fund four.
0:09.1	Here's what impressed me. They've got a track record that speaks volumes. Over $1 billion in
0:15.1	transactions completed, $300 million in assets under management, and get this, zero investor losses across their first four funds.
0:26.1	Their strategy, they focus on mobile home parks and parking facilities,
0:30.6	two recession-resistant asset classes that most institutional players haven't fully tapped into yet smart positioning.
0:39.1	Now, with Fund 4, they're projecting 14 to 18% total annual returns with 7% to 8% annual
0:46.7	cash distributions. They've already acquired nine properties all cash flowing with over $21 million
0:53.2	in portfolio level equity. Plus, for every
0:56.8	dollar invested, Sunrise funds have historically delivered over 90 cents on the dollar back
1:01.9	in K-1 passive losses. Last year, Fund 4 investors got 70% of their invested capital back via
1:09.2	depreciation. If you're an accredited investor looking for consistent performance and alternative assets,
1:15.8	Sunrise Capital might be worth a conversation.
1:19.5	But don't wait, they're closing fund for in September.
1:23.2	Learn more at investwithsunrise.com.
1:27.0	That's invest with sunrise.com. That's invest with sunrise.com.
1:31.1	Race the rudder. Raise the sales. Raise the sales. Captain and unidentified chip approaching.
1:37.1	Over. Roger that. Wait. Is that an enterprise sales solution? Reach sales professionals, not professional sailors. With LinkedIn ads,
1:48.1	you can target the right people by industry, job title, and more. To get 100 pounds off your first
1:53.1	campaign, go to LinkedIn.com slash lead to claim your credit. That's LinkedIn.com slash lead.
1:58.9	Terms and conditions apply.
2:08.2	Welcome to the best ever CRE show, the world longest running daily commercial real estate podcast.
	...

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