Deal Flow Friday

In this episode of Deal Flow Friday, David Moghavem sits down with Dwight Dunton, Founder and CEO of Bonaventure, a vertically integrated real estate investment firm with over $2.9 billion in assets under management and 9,200 apartment units across the Mid-Atlantic, Midwest, and Southeast. With 27 years of experience building Bonaventure, Dwight shares how the firm has carved out a unique niche in...

Sponsored by ApartmentIQ. In Episode 62 of Deal Flow Friday, David Moghavem sits down with Will Stark, Director of Revenue and Asset Strategy at NRP Group, to break down how multifamily operators are approaching pricing, lease-ups, concessions, and revenue management in a more competitive market. Will explains how NRP evaluates submarket health, comp sets, asking rents, and concessions when buildi...

In Episode 61 of Deal Flow Friday, David Moghavem sits down with Zach Haptonstall, CEO and Co-Founder of Rise48, for an operator-to-operator conversation on how multifamily owners are navigating today’s reset. Zach and David break down why the industry can no longer rely on falling interest rates or traditional renovation-driven value-add strategies. Instead, the focus has shifted toward buying at...

In this Multifamily Market Monologue, David Moghavem breaks down what the latest move in interest rates means for apartment investors and why the market may be entering a new phase of the cycle. With the 10-year Treasury approaching 5%, optimism around a quick return to lower rates is fading. David discusses how that shift is changing lender behavior, accelerating foreclosures, and forcing owners,...

In this episode of Deal Flow Friday , David sits down with Shervin Lalezari, also known as @ DebtCeilingDaddy on X, for a debate that goes beyond the usual real estate conversation and asks a bigger question: where should investors be allocating capital today? Shervin brings a unique perspective across investment banking, tech startups, operating businesses, public equities, and real estate. The c...

Everyone in real estate has had the weekend where they vibe coded a tool and felt like a genius. Adam Rian's take: that feeling is real, and it's also where most of these projects die. Adam is the founder and CEO of AKTUS AI, a Silicon Valley company building custom AI systems for finance and real estate — and a firm Trion has been working with directly. He has a PhD in computer science, spent 15...

In this episode of Deal Flow Friday, David Moghavem sits down with veteran Los Angeles developer Paul Schon of SDG to discuss why the current market favors buying existing multifamily properties rather than pursuing ground-up development. After more than 15 years and 30 projects, Paul explains why rising construction and financing costs, extended timelines, inspection delays, Measure ULA and opera...

In this episode of Deal Flow Friday , David Moghavem, Chief Investment Officer of Trion Properties, shares a live panel conversation from IMN’s Real Estate Private Funds Summer event in Newport, Rhode Island. The panel, titled “Global Economic Headwinds: Industry Leaders Dissect Macro Trends Reshaping CRE Valuations,” brought together leaders across real estate investment management, hospitality,...

In this episode of Deal Flow Friday, David Moghavem sits down with Reed Goossens for an in-person operator-to-operator conversation on the current state of multifamily investing, capital markets, and where opportunity is starting to emerge after the reset. David shares the story of Trion Properties, from its roots buying non-performing notes and REO multifamily during the GFC to building a vertica...

In this episode, David Moghavem joins Quinn Edwards on the AI for CRE Collective Podcast to discuss the current state of multifamily, the next wave of distress, and how AI is reshaping the way real estate operators make decisions. David shares his journey from joining Trion Properties as an entry-level analyst in 2015 to helping scale the firm into a vertically integrated multifamily owner-operato...

In this episode of Deal Flow Friday , David Moghavem sits down with John Zalkin, founder of AdviseAI , to discuss how artificial intelligence is beginning to reshape the real estate industry. John shares his background scaling RKW from a startup third-party management platform into a major multifamily operator, and how that experience now informs his work helping owners, developers, and operators...

In this episode of Deal Flow Friday , David Moghavem sits down with Matthew Thomson, SVP of Development & Ventures at Trilogy, to unpack how today’s multifamily landscape is reshaping investment strategy and where the most sophisticated capital is placing its bets. The conversation explores the shift from institutional, highly structured investing toward a more flexible private capital approac...

In this episode of Deal Flow Friday , David Moghavem sits down with Jack Stone, Managing Director at Greysteel and co-host of CRE Daily and the No Cap podcast, to break down the current state of the Texas multifamily market and where real opportunities exist today. Jack shares an inside look at what’s happening across Dallas-Fort Worth and broader Texas, highlighting the massive wave of new supply...

In this episode of Deal Flow Friday , David Moghavem sits down with Malcolm Davies of Way Capital to unpack what’s really happening in today’s capital markets—and how capital raising has fundamentally changed. They explore why the traditional “spray and pray” approach to raising equity no longer works, and how the market has shifted toward a relationship-driven model where trust matters more than...

In this episode, David Moghavem discusses the latest trends in multifamily real estate, focusing on rate movements, the blurring line between credit and equity, and evolving capital raising strategies. Gain insights into how market dynamics are shaping investment and financing decisions in 2026. Key Topics: SOFR-based financing resurgence Shift from treasury-based borrowing Blurring of credit and...

In this episode of Deal Flow Friday, David interviews Henry Manoucheri, CEO of Universe Holdings, to break down the current state of the multifamily real estate market, interest rates, and investment strategy in today’s cycle . Recorded around Nowruz, the conversation connects themes of renewal with a deep dive into how experienced operators are navigating rising interest rates, inflation, and shi...

In this episode of Deal Flow Friday , David Moghavem sits down with Jason Koch, Managing Director at MMG , to break down what’s really happening in today’s multifamily market. They discuss early signs of deal activity returning, why Denver has been one of the hardest-hit markets this cycle, and how investors are adapting their strategies in a slower transaction environment. Jason shares his journe...

In this special episode of Deal Flow Friday , recorded live at BEC X , David Moghavem joins moderator John Casmon alongside Andrew Cushman (Vantage Point Acquisitions) and Rob Beardsley (LSCRE) for a candid discussion on the current state of the multifamily market. The panel explores how experienced operators are evaluating deals in a post-rate-hike environment, where conservative underwriting and...

In this episode of Deal Flow Friday, host David Moghavem interviews Will Krasne, a real estate investor and co-host of the Promote Pod. They discuss Will's background in institutional private equity, his current investment strategies focusing on multifamily and industrial assets in the Mid Atlantic, particularly South Central Pennsylvania. The conversation delves into the dynamics of supply and de...

In Episode 43 of Deal Flow Friday, David sits down with Mark Silverman and Bryce Goldsen, Co-Founders of AdvanceCRE, along with Max Sharkansky Managing Partner of Trion Properties, to break down the evolving talent landscape in commercial real estate—from the remote work debate and the shift back to in-office execution, to relocation trends, offshore competition, and the rising demand for high-imp...

In this episode of Deal Flow Friday, David Moghavem sits down with Brendan Van Deventer, Co-Founder and Managing Partner of CRES (Consolidated Real Estate Strategies), for a tactical, operator-level discussion on what asset management actually looks like in today’s challenging multifamily environment. Brendan breaks down the realities operators are facing post-rate hikes, including muted rent grow...

David just returned from NMHC — the National Multifamily Housing Conference — and breaks down what the conference really revealed about the state of the multifamily market. Beyond panels and presentations, NMHC is about sentiment. This episode dives into the vibes , the psychology, and the quiet shifts happening behind the scenes. 2025 was a year full of near-misses: deals that almost traded, dist...

In this episode of Deal Flow Friday, host David Moghavem interviews Zihao Wang, founder of PARES AI, a software designed to streamline the underwriting process for commercial real estate. They discuss Zihao's journey, insights from the Florida Multi-Family Summit, and his contrarian investment strategies in the current real estate market. The conversation also delves into the importance of technol...

In this episode of Deal Flow Friday , David Moghavem sits down with Zach Streit, Founder and President of Priority Capital Advisory, for a wide-ranging conversation on the shifting dynamics of today’s commercial real estate capital markets. Drawing on nearly two decades of experience, Zach breaks down why there is currently more capital than deals, how banks and insurance-backed debt funds are dri...

In this episode of Deal Flow Friday, David Moghavem reflects on the past year in multifamily real estate, discussing predictions made for 2025 and how they played out. He emphasizes the importance of iterative reflection in real estate and shares insights on market conditions for 2026, including the potential for seller capitulation and the impact of AI on rental markets, particularly favoring Cla...