JF3301: Drew Breneman - How to Succeed with Core Plus Investments in a Volatile Real Estate Landscape
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 18 September 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
Ever wondered how to thrive in the unpredictable world of commercial real estate? Get ready to uncover the secrets of success as we dive into the dynamic realm of commercial real estate investing with Drew Breneman, the mastermind behind Brenneman Capital. Drew specializes in transforming multifamily properties. Today he is leaning into core-plus investments, and he's here to share game-changing insights for today's savvy investors.
Key Takeaways:
- Adapting to Market Volatility: Drew discusses how his company adapted to market volatility in the past few quarters, particularly in response to the Federal Reserve's actions on interest rates. He emphasizes the importance of fixed-rate debt and minimizing variables in investment strategies.
- Market-Specific Insights: Drew provides a fascinating contrast between the performance of his Chicago and Phoenix properties. While Chicago has exceeded revenue and expense projections, Phoenix has seen slower-than-expected rent growth, highlighting the significance of understanding local market dynamics.
- Investor Sentiment and Strategy: Drew sheds light on shifting investor sentiment in commercial real estate. He discusses the balance between seeking high IRR and opting for secure, income-generating properties with lower loan-to-values. Drew emphasizes the importance of a mindset that believes in your ability to succeed in real estate investing.
Drew Breneman | Real Estate Background
- Founder of Breneman Capital
- Portfolio:
- $220MM value
- 28 buildings: 22 multifamily in Chicago and Phoenix, 6 commercial in Minneapolis
- Based in: Austin, TX
- Say hi to him at:
- Best Ever Book: Investing In Real Estate By Gary Eldred
- Greatest Lesson: Mindset can be a huge advantage. If you believe you can do it, you can.
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Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for |
| 1:09.0 | informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. |
| 1:18.0 | For more information go to best ever show.com. |
| 1:22.0 | They quit their job, they'll never get another one. |
| 1:24.0 | When I quit my job, I figure worst case, I'll just go get the same job but at a different company. |
| 1:29.0 | So I think a mindset is a huge advantage, especially when you're on your own as |
| 1:33.0 | entrepreneur. We got to be mentally strong. |
| 1:35.6 | Welcome to the best ever show, the world's |
| 1:38.0 | longest running daily commercial real estate |
| 1:40.2 | podcast. |
| 1:41.2 | Our hosts interview commercial real estate experts every day to get you the best |
| 1:45.6 | advice ever with none of the fluffy stuff. |
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