JF3827: Capital Market Opportunities, Multifamily Absorption Trends, & Lender Relationship Strategy for Market Distress ft. Joe Fairless

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 25 February 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of The Horizon, host John Chang interviews Joe Fairless, co-founder of Ashcroft Capital, about navigating today's complex commercial real estate landscape. Fairless, who manages over $2.8 billion in assets across 14,000 apartment units, shares insights on finding opportunities amid market distress by cultivating relationships with lenders seeking capable operators for distressed properties. They discuss the record-breaking apartment absorption in late 2023, the decreasing construction pipeline, and how these fundamentals create buying opportunities despite challenging capital raising conditions. Fairless also candidly addresses lessons learned from previous deals and emphasizes the importance of "extreme ownership" when communicating with investors during difficult market periods. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Are you looking to diversify your portfolio and beat the market by investing in a highly
0:04.7	recession resilient asset class? If that sounds good to you, then let me introduce you to
0:09.5	Vintage Capital, which is currently accepting investments in a diversified fund of recession
0:14.2	resilient mobile home parks. Direct investments and 1031s are available as well. Why mobile
0:20.4	home parks? The average mobile home park
0:22.5	tenant stays 10 to 12 years. That's more than four times as long as the average multifamily resident.
0:28.9	On top of that, onus depreciation enhances the tax benefits. And with the demand for affordable housing
0:34.5	higher than ever, mobile home parks can provide steady, reliable
0:38.2	income, even in a shaky economy. Plus, Vintage Capital is a group with an $80 million
0:44.5	cycle-tested track record. So, if you're ready to invest in stable income-generating properties
0:51.3	with consistent demand and low-tenant turnover?
1:01.0	Visit vintage-fonds.com forward slash best ever today to learn more about vintage capitals diversified mobile home park fund and direct deal opportunities.
1:05.5	That's vintage-fonds.com forward slash best ever to get started today.
1:10.3	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
1:15.5	Shopify is specially designed to help you start, run and grow your business with easy
1:20.3	customizable themes that let you build your brand, marketing tools that get your products
1:24.6	out there. Integrated shipping solutions that actually save you
1:27.6	time. From startups to scaleups, online, in person, and on the go. Shopify is made for entrepreneurs
1:34.0	like you. Sign up for your $1 a month trial at Shopify.com slash setup.
1:40.6	Quick disclaimer, the views and opinions expressed in this podcast are provided for 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.
1:54.2	For more information, go to best ever show.com.
1:57.8	The gap in what people want to sell for and what buyers want to buy it for is still
	...

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.