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BIGGEST RISK with Frank Cottle

Commercial Real Estate Pro Network

Release Date: 06/23/2020

California Multifamily Real Estate Developer Scott Choppin - CRE PN #300 show art California Multifamily Real Estate Developer Scott Choppin - CRE PN #300

Commercial Real Estate Pro Network

Today, my guest is Scott chop and Scott is the CEO and founder of the Urban Pacific Group of Companies along the Long Beach, California based real estate development company, founded in 2000. They focus exclusively on workforce rental housing communities throughout California. And in just a minute, we're going to speak with Scott about multifamily opportunities for workforce housing in California.

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BIGGEST RISK with Scott Choppin show art BIGGEST RISK with Scott Choppin

Commercial Real Estate Pro Network

Yeah, no, great question. You know, like I mentioned, when we before we began the interview, like real estate development, and you could say a real estate investment really is entirely a risk mitigation, you call that minimize? So I'd say squarely in the in the middle there. Really, at the end of the day, you know, investing and development are a risk you like there require risk to be taken to produce these returns that we're describing.

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Military Base Becomes Regional Economic Opportunity with Eric Voyles - CRE PN # 299 show art Military Base Becomes Regional Economic Opportunity with Eric Voyles - CRE PN # 299

Commercial Real Estate Pro Network

Today, my guest is Eric foils. Eric is the Executive Vice President and Chief Economic Development Officer of Tex America Center, which operates one of the largest mixed use industrial parks in the United States. in Texarkana, Texas. And in just a minute, we're going to speak with Eric about the COVID effect and the opportunities created from COVID in rural markets in an in an industrial and flex space properties. And, but be first.

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BIGGEST RISK with Eric Voyles show art BIGGEST RISK with Eric Voyles

Commercial Real Estate Pro Network

I'm looking at it from the perspective of my clients, you know, the people I work with their biggest risk is potential for failure. And if you fail, when you expand many times you drag your entire company down with you. And so I always try to help people understand that not only is being in charge of an expansion if you're in a larger company, a potential career limiting assignment.

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Homeowner Equity Agreement with Matt Sullivan - CRE PN #298  show art Homeowner Equity Agreement with Matt Sullivan - CRE PN #298

Commercial Real Estate Pro Network

Today, my guest is Matt Sullivan. Matt is the founder and full time Chief Executive Officer of quantum Mari, a serial entrepreneur. He's the founder of crowd venture.com, and a co founder of two real estate funds. And in just a minute, we're going to speak with Matt about how a home equity agreement works and what it can do for you.

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BIGGEST RISK with Matt Sullivan show art BIGGEST RISK with Matt Sullivan

Commercial Real Estate Pro Network

Well, I think the answer is relatively straightforward, because from an investor's perspective, it's a real estate investment. It's an equity investment. And so the risk to the investor is that the value of the underlying real estate decays to the point where they no longer have an interest because their equity interest has been reduced.

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Data Helps Investors Realize Commercial Real Estate Success with Rich West - CRE PN #297 show art Data Helps Investors Realize Commercial Real Estate Success with Rich West - CRE PN #297

Commercial Real Estate Pro Network

Today, my guest is Rich West.  Rich is the general manager at Lightbox, where he oversees their lender and valuation business. Prior to joining Lightbox, he spent 13 years at CBRE. Most recently running the Americas valuation business, the largest valuation firm in the world. And in just a minute, we're going to speak with rich about lending volume trends and commercial property tech tools like light box valuation.

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BIGGEST RISK with Rich West show art BIGGEST RISK with Rich West

Commercial Real Estate Pro Network

Okay, so the biggest risk for me and I'm going to come at this from my years of experience, looking at buildings, right? And, and living through the, you know, the 2007 2009 era, living through this era. biggest risk in my mind is not talking to your tenants and understanding what your tenants are doing. What what your tenants mindset is how your tenants business is doing? Because in the end, that's really what drives virtually all value is what the heck, what value is the tenant getting out of the space?

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Investor Focused Commercial Real Estate Opportunities with Ari Rastegar - CRE PN #296 show art Investor Focused Commercial Real Estate Opportunities with Ari Rastegar - CRE PN #296

Commercial Real Estate Pro Network

Today, my guest is Ari Rastegar. Ari is the founder and CEO of Rastegar Property Company has earned a reputation as a thought leader in real estate with his innovative technology driven investment strategies. And in just a minute, we're going to speak with Ari about opportunities that Biden's sustainability initiatives will bring.

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BIGGEST RISK with Ari Rastegar show art BIGGEST RISK with Ari Rastegar

Commercial Real Estate Pro Network

The biggest risk is ego, always to me, you know, and I say that in whatever instance that you're working on, you know, as you know, whether as a CEO, as a father as a husband, you know, early in my career, and I'd like to, I'd like to believe that I've improved on this a little bit. I don't know if my wife would agree with me entirely at home. But, but but the key is looking for the right answer.

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Darrin:

Frank Connell like to ask you, what is the BIGGEST RISK?

 

Frank 

Well in in our business, which functionally is commercial real estate, I think it's cyclicality getting caught on the wrong side of the cycle. And you've seen a lot of property investors overall and market timing is always crucial. So cyclicality is probably the biggest risk and the protection from that comes with debt management. You can be highly you can deal with it. As much more effectively if you have a debt, a debt management program. So that comes back to what we were talking about with leasehold liabilities being a part of that cyclicality, exposure, not just physical buildings that you own. And the debt cycle of flexible workspace as opposed to a fixed workspace, where you have a fixed lease versus a service agreement is the most effective way to manage the cyclicality in real estate and the cyclicality in business.