JF 3996: STNL Investing, Fed Rate Predictions, and 18% IRR Targets ft. Mike Kron

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.8 • 983 Ratings

🗓️ 13 August 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of Beyond Multifamily, Amanda Cruise and Ash Patel interview Mike Kron, founder of Guardian Advisory, to discuss his launch of a $100 million private equity fund focused on single tenant net lease (STNL) retail assets. Mike shares why he believes now is a prime time to buy these Amazon-resistant properties due to the anticipated drop in interest rates and how his fund strategy leverages long lease terms, high-credit tenants, and minimal management overhead. He explains the 18% IRR projection, capital-raising tactics, and why he's prioritizing stability and investor-friendly structures over flashier value-add opportunities for Fund One. The conversation also touches on the future of retail, the return of bonus depreciation, and how institutional investors factor into his long-term exit strategy. Mike Kron Current role: Founder of Guardian Advisory Based in: Los Angeles, CA Say hi to them at: [email protected] or visit guardianatlease.com Visit investwithsunrise.com to learn more about investment opportunities. 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

Click on a timestamp to play from that location

0:00.0	You've probably noticed this. Despite all the headlines about record investment in renewables,
0:04.8	the world still runs on oil. In fact, demand keeps climbing. But here's what most investors don't
0:10.8	realize. A lot of institutional capital has actually pulled back from oil and gas because of
0:15.8	ESG mandates and political pressure. That's created a huge gap in production and a big opportunity for
0:22.1	individual investors. That's where Aspen's oil and gas fund comes in. Their last fund has
0:27.4	delivered six straight quarters of 15% annualized cash yield from producing oil wells. With their
0:33.3	current fund, they're targeting 29% cash on cash returns in over 10 years and 8.83 times equity
0:39.9	multiple. I've personally been impressed with the way Aspen approaches a space balancing the
0:45.1	stability of producing wells with the upside of carefully selected drilling projects. And here's a
0:50.7	bonus for best ever listeners. Aspen has lowered their minimum investment from $150,000
0:55.8	down to $100,000. One of their investors, Terry, put it best. We were new to oil and gas
1:02.1	investing and quickly found Aspen's approach sound. We've been very satisfied with the experience
1:07.6	and delighted with the returns. This is a limited time offer, so head over to
1:11.9	Aspenfunds.us.us forward slash best ever to download the investor deck or grab their
1:17.7	quick start guide if you're brand new to oil and gas investing. Welcome to the Best Ever CRE show,
1:26.9	the world longest running daily commercial real estate podcast.
1:30.4	If you want real stories behind the good, the bad, and the worst ever deals, plus insights into what really goes on into commercial real estate investing, you're in the right place.
1:38.2	Our host interview commercial real estate experts every day to uncover secrets and strategies you can use to become a better, more informed investor.
1:45.6	This is the best ever CRE show.
1:55.5	Hey, best ever listeners.
1:57.4	Welcome to the best ever CRE show.
2:00.4	This is Beyond Multifamily. I'm Amanda Cruz,
	...

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.