The Real Estate Espresso Podcast

We regularly look at macro economic data to forecast interest rates. Interest rates affect one of the three main variable associated with any project. Those three variables are construction costs, capital costs and rent. Everything else is a rounding error by comparison.  We are expecting new payroll data from the bureau of labor and statistics later this week. However, those numbers are full of a...

Today we’re going to connect two stories that, on the surface, look very different. One is Japan, where government bond yields have been rising, and the commentary on financial social media is busy declaring Japan is “blowing up.” The other is the spring of 2023 in the United States, when Silicon Valley Bank, Signature Bank, and First Republic, all failed within weeks of each other.  These events...

Max Hansen has been practicing lawyer at the forefront of tax sheltering for nearly 50 years. His company was acquired by Accruit where he is now a senior partner. On today's show we are talking about structures for fractional ownership of property that can be sheltered from capital gains tax. To connect with Max and to learn more, visit https://accruit.com or email him directly at maxh@accrui...

Robert Siciliano is based in Boston where he specializes in digital security for businesses. On today's show we are talking about closing up a few of the wide open vulnerabilities that most businesses are exposed to. To connect with Robert visit protectnowllc.com ------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmT...

On today’s show we are talking about an office turnaround that can serve as a powerful lesson for all investors.  This is a single office building in downtown Toronto, 70 York Street, and why its turnaround is one of the most practical case studies we have for navigating what many are calling the office apocalypse. It’s a story about control, execution, and the discipline to create certainty in an...

On today's show I'm sharing an observation on the psychology of change and how it is impacting both investing and the voting public. ------------ **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 )    iTunes: [The Real Estate Espresso Podcast]( https://podcasts.apple.com/ca/podcast/the-re...

Every gold rush is followed by a hangover. That’s been true throughout history. It happened during Tulip Mania from 1634-1637.  There was a gold rush in railways in the 1830’s in the UK and then later in the 1870’s to the 1890’s in the US and Canada.  There was an actual gold rush in 1896-1899 in the Klondike region of the Yukon close to the border with Alaska. It happened with automobiles in the...

For really boring and predictable, visit YStreetCapital.com to learn more about our US Storage Fund. Register for our investor portal. Any investment would is restricted to accredited investors residing in the US by prospectus only and in compliance with SEC regulations. ------------- Today we are going to talk about a quiet but meaningful shift on construction sites, one that most investors never...

On today’s show we are talking about the adoption of AI in the workplace. We’re going to look at three studies that were done last year by Harvard University and the Boston Consulting Group. The third was done by Microsoft and looked at about 370,000 employees using Copilot. The studies looked at AI usage and productivity gains for certain types of tasks. The results were quite striking. The study...

Our book this month is not a new book. In fact I read it more than 20 years ago for the first time. It was first published in 2001. This book is a business classic at this point. Good to Great by Jim Collins is one of those rare works that rewards disciplined thinkers. When I think about business books that genuinely belong on the short list for serious operators, not motivational reading, not tre...

Tim Baldwin is based in Pensacola Florida where he is a lawyer specializing in helping landlords. On today's show we are talking about the special considerations that landlords need to take into account when renting to tenants. To connect with Tim, visit https://pmlawsolutions.com/ or you can email him directly at tim@pmlawsolution.com ------------- **Real Estate Espresso Podcast:**  Spotify:...

Let’s talk demographics. The Baby Boom started in the wake of WW2 in 1946. If you were born in 1946, then you are 80 years old now. You are the oldest baby boomer. The baby boom covered the time period from 1946 until 1964. The youngest baby boomer is 61 years old. We keep hearing that the baby boomers are driving the need for senior housing, specifically assisted living and memory care. The probl...

Today’s show is a listener question. But first, I’d like to invite you to consider investments that are boring, but predictable. That’s how we think about industrial storage. Our Y Street Capital storage fund is heavily focused on this segment while at the same time offering diversification. This is for accredited investors only residing in the US in compliance with SEC regulations. To learn more,...

This is the final segment in our mini series on amenities. Last week we started a mini-series on Amenities. The deep dive into amenities is based on the outstanding work by apartment operator Greystar, the largest operator of apartments in the US with over 100,000 apartments in their portfolio. We are working with Greystar on our own active adult project in Spokane Washington. If you want to learn...

Last week we started a mini-series on Amenities. The deep dive into amenities is based on the outstanding work by apartment operator Greystar, the largest operator of apartments in the US with over 100,000 apartments in their portfolio. We are working with Greystar on our own active adult project in Spokane Washington. If you want to learn more about that amazing project, come and register to our...

Last week we started a mini-series on Amenities. The deep dive into amenities is was based on the outstanding work by apartment owner and operator Greystar, the largest operator of apartments in the US with over 100,000 apartments in their portfolio. We are working with Greystar on our own active adult project in Spokane Washington. If you want to learn more about that amazing project, come and re...

Nick Jain is based in Philadelphia where he is investing in a portfolio of single family homes within a small radius. This is similar to the redevelopment that my team has been engaged in for nearly a decade. On today's show we are talking about managing supply and demand as more supply enters the area. To connect with Nick visit https://www.eaglerockcfo.com/ or his personal website at https:/...

Dave Becker is a principal at Time Equities, a Manhattan based equity player with $8B in assets under management. On today's show we are talking about how David is approaching the market even with asset classes that have some challenges like office. To connect with David, you can find him on LinkedIn, or visit timeequities.com ------------ **Real Estate Espresso Podcast:**  Spotify: [The Real...

We are continuing our deep dive mini-series into amenities is was based on the outstanding work by apartment owner and operator Greystar, the largest operator of apartments in the US with over 100,000 apartments in their portfolio. We are working with Greystar on our own active adult project in Spokane Washington. If you want to learn more about that amazing project, come and register to our porta...

Last week we started a mini-series on Amenities. We took a short break from the mini-series to cover a few consequential items from the World Economic Forum which is still underway in Davos. They’re probably still more that we could be covering from Davos, but there are only so many things you can cover in a daily show. After all, this is not my full-time job. The deep dive into amenities is was b...

A new groundbreaking capability was conceived, developed, and released to the world in 10 days. Yes, you heard that correctly. 10 days can change the world. That sounds like some historic platitude. What I’m referring to is a new software application that was introduced only a few days ago. That’s software application which runs on the Mac was developed from concept to release in the wild in 10 da...

Every year at the World Economic Forum held in Davos, a panel of economists gives their economic forecast for the upcoming year. This was no exception. On today's show we're summarizing the results of those panel discussions. -------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef...

Each year, the World Economic Forum convenes political leaders, central bankers, corporate executives, and institutional investors to take the pulse of the global economy. The headlines that come out of Davos often feel abstract, even theatrical. But buried beneath the sound bites are themes that matter deeply to real estate investors, especially those who think like capital allocators rather than...

Scott Carson is based in Austin Texas. From there he invests in distressed debt on a nationwide basis. The idea is that you can purchase distressed debt at a discount, work with the borrower to modify it and then season the modified debt for 12 months. After that the loan is a performing loan which can be sold. Money is made between the purchase price of the distressed loan and the sale price of t...

Christina Kovacs is based in Fort Lauderdale, Florida. She is a multi-family apartment investor with assets across the midwest. On today's show we are talking about working with third party management at a distance and how to work with remote managers. To connect with Christina, visit https://www.christinakovacs.com/ ------------ **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Esp...