Blockchain Provides Liquidity for Real Estate Syndication with Yael Tamar - CREPN #226
Commercial Real Estate Pro Network
Release Date: 12/12/2019
Multifamily Marketplace Data Prices and Distress with Neal Bawa - CRE PN #455
Commercial Real Estate Pro Network
Today my guest is Neal Bawa. Neal is the founder of Grow Capitis an online multifamily investor education platform, experienced syndicator, developer and his attention to the data has earned him the moniker "The Mad Scientist of Multifamily". And in just a minute, we're going to speak with Neal Bawa about the Upcoming Multifamily Distress in the Marketplace.
info_outline
BIGGEST RISK with Neal Bawa
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you, Neal Bawa, what is the BIGGST RISK? Neal Bawa So I'll give you two risks that affect insurance prices, and all other forms of prices in the United States. So one is a bigger, sort of more, you know, overarching risk. The second one is, is well known to us this. So the first one is climate change, we are continuing to see devastating impacts of climate change in many markets. It is a political, you know, issue where, you know, half of America doesn't want to acknowledge what is happening in markets like Florida and Texas and many other markets, like...
info_outline
Innovative Flood Insurance Solutions with DJ McClure - CRE PN #454
Commercial Real Estate Pro Network
Today, my guest is DJ McClure. DJ McClure is the VP of sales and business development at National Flood Experts driving strategic growth through partnerships and tailored cost saving solutions. And in just a minute, we're going to speak with DJ McClure about innovative flood insurance solutions.
info_outline
BIGGEST RISK with DJ McClure
Commercial Real Estate Pro Network
J Darrin Gross: I'd like to ask you, DJ McClure. What is the BIGGEST RISK? DJ McClure: I think right now, one of the BIGGEST RISK that I see among many is the number of properties that are, you know, approaching a debt restructure, you know, there's a lot of short term bridge that for a lot of properties that's coming due. And so one or two things are going to happen, obviously, they're going to be able to, if they're able to put together the funds to structure a refinance, you know, it's likely going to be into a different loan structure or excuse me a loan program, predominantly, your...
info_outline
Commercial Office Space Post Covid with Joey Kline - CRE PN #453
Commercial Real Estate Pro Network
Today, my guest is Joey Klein. Joey is the host of Tech Talk podcast or the Tech Talk podcast. Joey is a seasoned commercial real estate broker focusing on representation of corporate tenants across a range of industries. based in Atlanta, he is deeply involved in urban focused developments, and transit expansion advocacy, particularly in Georgia and the Southeast.
info_outline
BIGGEST RISK with Joey Kline
Commercial Real Estate Pro Network
J Darrin Gross: I'd like to ask you, Joey Klein, what is the biggest risk? Joe Kline: Sure. I don't have an insurance related answer. So that's, that's good. I have to say, I do think that your industry is a very fascinating one. And I think if we had more time, I'd love to throw some of these back at you. Because insurance is a very rapidly changing industry over the past couple of years as well. I look, I think that any Anyone, anyone who makes their money solely via Commission has to constantly be thinking about risk. And if you're not, you probably won't be doing it for...
info_outline
Invest in Flex Industrial Commercial Real Estate with Jeremy Friedman - CRE PN #452
Commercial Real Estate Pro Network
Today, my guest is Jeremy Friedman. Jeremy is with Stoic Equity Partners. And they have a portfolio of 10 Self Storage Flex Industrial assets in the southeast, totaling $48.8 million assets under management and 500,000 square feet located in Georgia, Mississippi, Florida, Alabama, and Arkansas. And in just a minute, we're going to speak with Jeremy Friedman about Why Invest in Flex Industrial Real Estate.
info_outline
BIGGEST RISK with Jeremy Friedman
Commercial Real Estate Pro Network
J Darrin Gross 0:00 And I'd like to ask you, Jeremy Friedman, what is the BIGGEST RISK? Jeremy Friedman 0:05 But as we discussed before the call, that's actually the one largest risk item that we that does keep us up at night and that we're working diligently on at the moment is our insurance. And I think it's so this is not to be clear to your listeners, you did not prompt me for that at all this is this is our biggest risk at the moment, as we see it. We being located on the coast, the Gulf Coast of Alabama, and we have several coastal...
info_outline
AI Data Scraping for CRE Underwriting with Christian Gore - CRE PN #451
Commercial Real Estate Pro Network
Today, my guest is Christian Gore. Christian is the founder of . And in this industry expert who have orchestrated real estate transactions worth approximately 9.5 billion across the across the United States. And in just a minute, we're going to speak with Christian Gore about leveraging AI and Machine Learning or Data Aggregation to make informed decisions about where and why to invest.
info_outline
BIGGEST RISK with Christian Gore
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you, Christian Gore, what is the BIGGEST RISK? Christian Gore That's a great question. I would say, generally speaking, I would say geo geo political risk, that, that can significantly kind of affect what the Fed does or doesn't do. Yeah, we've, there's a lot of things going on overseas. I know we were fortunate enough not to kind of have to, you know, be involved with it daily. But there's there's significant geopolitical risks in our view going on right now. That, you know, who knows what, what what can happen, but there's a direct...
info_outlineBlockchain is the technology disruptor that provides liquidity for real estate syndication deals.
Yael Tamar, Chief Marketing Officer with Solidblock, explains what blockchain is and how it can be used beyond Bitcoin and applied for real estate syndication.
Blockchain Technology
Blockchain technology was introduced in a 2009 white paper written by the founders of Bitcoin. Since that time, Bitcoin and blockchain have become synonymous. However, the truth is that Bitcoin is one of many digital currencies that utilize blockchain technology.
By definition, blockchain is a decentralized ledger that provides transparency to all its token users. All transactions are viewable to the token holders. The ledger is immutable, meaning you cannot edit past transactions without certain permissions.
The users are able to trade amongst token holders. Transfers between members are instant! Computers in the network approve transactions and adjust the participants balance.
Blockchain Applications
The applications for blockchain are numerous beyond digital currencies. Food suppliers are implementing blockchain to trace food from the raw product through processing to consumer. The ability to trace every step allows you to pinpoint where contamination occurs. Banks are utilizing the technology for inter bank transfers.
The stock exchange is similar to blockchain. In the marketplace, every day, multiple buyers and sellers are able to acquire and dispose of stocks for a market set price. This is not the case in real estate. For this reason, real estate has always been considered illiquid.
Blockchain can change that.
Liquidity for Real Estate Syndication
Real Estate syndication has characteristics that make it ideal for blockchain. You have multiple owners who are tied to a single investment. In a traditional syndication, all investors must buy and sell at the same time. This lack of mobility could be solved by the use of blockchain.
Blockchain gives all investors the ability to instantly sell their interest, or buy additional shares from willing sellers. Sponsors can sell shares to raise additional funds for renovation, or limited partners can sell some of their shares to raise cash, or get out of the investment.
An example of Blockchain in Real Estate Syndication is the St Regis Hotel in Aspen, CO, which utilized Solidblock to provide the blockchain platform for its offering.
There is a cost to implement blockchain, and ideally, a syndication should raise over $3 million before considering the use of blockchain.
Digital representation of the asset provided at the issuance of the property.
Security
Blockchain has more security than traditional banking. This is because there is no personally identifiable information stored on the network. Your personal information is stored in your digital wallet.
A digital wallet is a sequence of numbers. For any trades you make, there will be a record of your transactions attached to your digital wallet.
Smart contract is imbedded in the blockchain. This governs who can invest in your offering and who can join the offer and who can trade. Once you are invested, no one can take this away from you. If you find someone that is on the system, you are able to sell your interest direct without the involvement of any additional intermediaries nor cost. You can sell a part of or your whole investment. This has never been available to real estate investors before.
Unlike traditional currency markets, digital can trace any action on the platform. This includes actions from bad actors. If someone were to hack the system, and steal another members tokens, it would be easy to trace who received the money, and correct.
Digital currencies are not country specific, and are independent from the currency of your country. This allows investors from anywhere in the world to participate in the offering.
BIGGEST RISK
Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”
BIGGEST RISK: There are many risks in real estate. I guess the top ones are market risk, then picking the wrong asset. And I would say liquidity risk because of the impending crisis or recession that's going to happen. Now, on the asset level and the market level, you can mitigate these risks with information.
Number one is your due diligence. How much do you know about the asset owners, asset managers, developers and so on?
Number two is basically if they're doing the right. If there is a right fit from the asset to the market.
The third type of risk is liquidity risk. This is much more problematic because you have forces that are beyond your control.
For more go to:
Webpage: https://www.solidblock.co/
Linkedin: https://www.linkedin.com/in/yaeltamar/