JF3717: Breaking Ground on Self-Storage, Doubling Returns in Multifamily, and Converting to Assisted Living ft. Letitia Montelongo

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 7 November 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Slocomb Reed interviews Letitia Montelongo, a principal at Montelongo Capital, who shares insights into her journey in commercial real estate, focusing on multifamily and self-storage investments. Letitia discusses the challenges faced in the multifamily market, the transition into self-storage, and the importance of maintaining strong returns for investors. She also highlights her experience with ground-up construction and the strategic decisions made to diversify their portfolio. The conversation concludes with Letitia's perspective on the current state of commercial real estate and her contact information for interested listeners. Letitia Montelongo | Real Estate Background Montelongo Capital Based in: San Antonio, Texas Say hi to him at: Facebook LinkedIn Facebook Instagram Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational
0:04.7	purposes only and should not be construed as an offer to buy or sell any securities or to make
0:10.6	or consider any investment or course of action. For more information, go to bestever show.com.
0:17.1	Since COVID, right now is a great time to buy. There's so many floating rate loans out there. Sellers are finally starting to sell. I think a year ago, they thought it was just going to magically get better for them and it didn't. Welcome to the best ever CRE show, the world longest running daily commercial real estate podcast. If you want real story behind the good, the bad, and the worst ever deals,
0:37.8	plus insights into what really goes on into commercial real estate investing, you're in the
0:41.6	right place. Our host interview commercial real estate experts every day to uncover secrets
0:45.8	and strategies you can use to become a better, more informed investor. This is the best ever
0:51.2	CRE show. Best ever listeners, welcome to the best ever CRE show.
0:55.8	I'm your host, Slocum Reed, and today we're joined by Letitia Montalongo.
1:00.1	Letitia is joining us from San Antonio, Texas.
1:03.4	Her firm is Montalongo Capital.
1:05.2	She is a principal and vice president of investor relations and business development.
1:10.4	They hold multifamily as well as other
1:13.4	asset classes. Their current portfolio consists of eight multifamily properties in Corpus Christi and
1:19.3	San Antonio, Texas, Wichita, Kansas, and Auburn, Alabama. And they have just broken ground
1:24.9	on Class A self-storage in San Antonio. The total valuation of that
1:30.8	portfolio, including the self-storage, when it is complete, will be $90 million. Letitia,
1:36.6	can you tell us a little bit more about your background, which you're currently focused on?
1:39.7	Thank you so much for having me on it. I wanted to tell you that right up front. I've been very
1:43.8	excited about this podcast. It's been on my calendar. So yeah, thanks for having me on it. I wanted to tell you that right up front. I've been very excited
1:44.2	about this podcast. It's been on my calendar. So yeah, thanks for letting me be here. Yes, what we are
1:49.8	working on right now, we have been in this business a little over three years. So we've had a fast
	...

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