JF3309: Bruce Fraser - Mastering Distressed Property Acquisitions

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 995 Ratings

🗓️ 26 September 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

As a seasoned expert in acquiring distressed properties, Bruce shares valuable insights on vertical integration, market dynamics, and the importance of a macro thesis in investment. Whether you're new to commercial real estate or a seasoned professional, Bruce's expertise provides clarity on navigating the current landscape and capitalizing on emerging opportunities. Key Takeaways: The Power of Vertical Integration: Bruce elaborates on the pros and cons of vertically integrating your portfolio, focusing on the value of in-house property management. He also shares challenges faced with third-party property management and the importance of a dedicated operational team. Understanding Current Market Distress: The implications of rapid interest rate changes on property refinancing and how many operators find themselves in precarious positions. Bruce shares real-time examples of distress emerging from factors like floating rate debts, maturing loans, and expiring rate caps. Investment Philosophy & Approaches: The value of disciplined, numbers-driven decision-making in real estate investment. Bruce emphasizes the importance of taking that first step in real estate, the "law of the first deal," and having a clear, long-term macro thesis to guide investment decisions. Bruce Fraser | Real Estate Background Managing Partner Elkhorn Capital Partners, real estate private equity firm that focuses on distressed property situations Portfolio: 2,000 multifamily units Based in: Dallas, TX Say hi to him at: LinkedIn elkhornpartners.com Best Ever Book: Creature From Jekyll Island by G. Edward Griffin Greatest Lesson: Just buy something. Anything. Most people don’t even make that move. Even if it’s your worst deal, you will learn so much from it, and you’ll be on your way to the future. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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0:57.0	That's Invest Her, H-E-R-K-D-K-G-K-G-K-K-K-K-K-K-K-K-K-Kom, promo code 100 best ever to get $100 off your ticket.
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
1:15.5	consider any investment or course of action.
1:18.7	For more information go to best ever show.com.
1:21.8	If you buy something even if it's your worst deal, you'll learn so much from it that you'll be on your path to doing better in the future and success.
1:28.8	And so I think that's important.
1:29.9	I've heard that from some of my friends that have education platforms.
1:33.9	These people pay all this money, they go to all these conferences, they go to these programs,
1:37.7	and then nine out of ten of them, we still never make that first stop.
1:40.9	Welcome to the best ever show, the world's longest running daily commercial real estate
1:45.4	podcast.
1:46.4	Our hosts interview commercial real estate experts every day to get you the best advice ever
	...

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