The Rust Belt Apartment Podcast

In this 13th episode of the Rust Belt Apartment Podcast, the team sits down with Colliers' family Mehdi Star and Kourosh Bakhtvar of the Net Lease Exchange Experts, or NLX for short, to discuss the 1031 and DST exchange process.

In the twelfth episode of the Rust Belt Apartment podcast the team sits down with capital markets professionals Dan Eibler and Kathryn Cassidy to peek behind the curtain on commercial real estate lending.

In this eleventh episode of the podcast the team sits down with Ken Prendergast, the journalist and author behind the very popular real estate blog NEOtrans.0:00 Introduction  1:55 Background in Railways and Journalism3:50 Birth of the NEOtrans Blog8:30 Team Effort10:15 Editorial Process11:05 Usually First and Always Free12:48 Accuracy of Information and Sources15:45 Scooping the Sherwin Williams HQ20:10 Industry Reception of the Blog22:15 Thoughts on the Past 10 Years of CLE Development29:10 Midtown, University Circle and Hough Developments37:50 Leasing Activity on New Developments41:45 Multifamily Measuring Stick43:20 University Circle vs the CBD46:18 What is the NEXT BIG Project?51:35 Closing Remarks

In the tenth episode of the Rust Belt Apartment podcast, the team sits down with leasing professional Jourdan Poore of Village Green to discuss the current state of the apartment leasing market and where it's headed in the future. 

In this episode of the Rust Belt Apartment podcast the team sits down with Ralph McGreevy, Executive Director and COO of the Northern Ohio Apartment Association.

In the eighth episode of the Rust Belt Apartment podcast, the team sits down with Bryan McCann and Willis Croker of the Colliers Pittsburgh office to discuss both the similarities and differences of two Rust Belt Submarkets: Cleveland and Pittsburgh.0:00 – Guest introductions, Bryan McCann and Willis Croker3:00 - Is Pittsburgh actually in the Midwest?4:50 – Guest Backgrounds and Eventual Journey into Real Estate11:44 – Golfing with Arnold Palmer13:08 – Pittsburgh roots14:30 – Quick Stats: Cleveland vs. Pittsburgh16:00 – State of the Multifamily Market: Pittsburgh22:35 – Spurring Growth through Synergy & Policy23:48 – The Importance of Universities and Biotech in Pittsburgh25:41 – Concentric Circle of Transportation and Logistics leading to Growth29:00 – Ground-up, New Construction in both Cleveland and Pittsburgh31:24 – The Blend of Hospitality and Apartments39:12 – Who is the Typical Buyer in Pittsburgh? Where do the opportunities exist?44:30 – The synergy of Cleveland and Pittsbugh47:36 – Closing Remarks

In this seventh episode, the team sits down with CEO and Founder of EcoSystems, Richard Lamondin to discuss water and energy conservation for apartment owners.0:00 Guest Introduction, Richard Lamondin, EcoSystems 1:40 Water and Energy Conservation 1016:30 Ohio Water Usage – 5 Trillion Gallons per Year7:14 The history behind the genesis of EcoSystems10:20 The process of an EcoSystems Conservation Study15:56 Proof of Concept through Client Education and Engagement20:10 Case Study: Columbus, Ohio24:15 Dealing with Objections from Owners26:05 Different States present Different Challenges29:14 Who does EcoSystems Work With?33:25 Where is water and energy conservation headed?37:45 Supply Chain Challenges40:25 How Often Should Owners be Looking into Conservation?43:35 Closing Remarks

In this 6th EP of the Rust Belt Apartment podcast the team sits down with Bhavin Patel and Michael Smith of Green Harvest Capital to discuss past, present and future plans for this extremely successful NE Ohio apartment group. 00:00 - Guest Intro and Background: Bhavin Patel and Michael Smith of Green Harvest Capital6:36 - Early beginnings in Extended Stay11:05 - Proving out the Green Harvest Thesis & Scaling Up13:105 - Third Party Management and the GHC Business Model16:35 - Hyper-focus on workforce housing21:51 - What does value-add mean to GHC?23:40 - Blending of multifamily amenities with hospitality amenities26:50 - The future of GHC asset amenities: tenant focus31:00 - Partnerships with Advisors32:45 - Northern Ohio Apartment Association34:00 - GHC approach to financing & debt36:50 - Tenant voucher programs37:33 - What is it about NE Ohio?39:20 - Michael's Top 541:00 - Bhavin's Long-term view on NE Ohio45:00 - Impact of inflation on Multifamily48:20 - More NE Ohio talk!51:10 - What's next in the multifamily markets?54:00 - Closing Remarks

In this fifth episiode of The Rust Belt Apartment Podcast the team sits down with John MacFarland of Cost Segregation Services to take a deep dive into past, present and future of cost segregation in real estate. 00:00 - John MacFarland Intro2:35 - Gary's History Lesson3:20 - Component Depreciation 4:55 – The Tax Reform Act of 1986 5:50 - Hospital Corporation of America vs Commissioner6:25 - Cost Segregation 11:22 - Definition of the Cost Segregation process 12:50 - 5 Year and 15 Year Depreciation15:25 - Processes & Guidelines16:45 - Engineering Study of the Asset18:18 - Can I conduct a cost segregation study myself?20:30 - Defense of methodology22:50 - Return on Investment24:35 - The Look Back Study26:25 - Predictive Analysis28:00 - CSSI, the IRS and Audits32:21 - OK John, what is the catch? This sounds too good to be true36:38 - Size and scope of CSSI Cost Segregation Studies41:45 - Bonus Depreciation vs Cost Segregation45:25 - Post-Sale Cost Segregation50:21 - Predictive Analysis Reviews51:00 - $50 Million Dollar Case Study1:00:15 - $15 Million Dollar Case Study1:01:00 - $6 Million Dollar Case Study1:03:16 - Closing Remarks  

In this fourth episode of The Rust Belt Apartment Podcast, the team sits down with investor, owner, coach and podcaster Agostino Pintus. Over the course of the past 5 years Agostino and his team have made big moves in NE Ohio real estate and we are honored to have him on the show.00:38 - Agostino Pintus intro01:12 - Personal and Professional Background05:00 - The Leap from Active Spectator to Active Participant08:06 - Why Cleveland?11:10 - The Fundamentals of Scaling and Management12:01 - Culture Matters, Presence Matters13:25 - The Power of the Brand and Team Building15:45 - Understanding the Markets You Operate In: Cash Flow vs. Appreciation17:40 - The Importance of Partnerships in Business22:35 - Kenny Wolfe and the Dallas Connection 24:27 - Looking at both On-Market and Off-Market Opportunities26:50 - The blueprint of a workforce housing rebrand - Las Colinas case study33:20 - Can Anyone Do It? Operations and Third Party Management 37:50 - Buying the Asset is the Easy Part40:00 - What is Important to a Broker?42:25 - What Separates Closers from Flakes?44:30 - Navigating the Unknown in 2022 and Beyond55:30 - The “Rockefeller Guy”1:00:35 - Diversifying the Portfolio1:03:07 - Closing Remarks

Is this episode of The Rust Belt Apartment Podcast the team again sits down with property tax expert Kieran Jennings of Siegel Jennings to discuss the passage of Ohio House Bill 126 and what that means for multifamily property owners in Ohio. 0:00 - Episode & Guest introduction1:55 - What is actually in the recently passed HB 126?5:10 - What did not get included?7:10 - Private Pay agreements 8:55 - Drop & Swap explained10:55 - Has the Drop & Swap been eliminated in Ohio? 12:30 - Who WON with passage of House Bill 126? 14:15 - The Mortgage Barometer 17:15 - Refinancing Silver Lining  19:02 -Retroactive Property Tax Valuation Appeals 20:55 - Does HB 126 lead to more Fair & Uniform Taxation?26:39 - Who LOST with passage of House Bill 126? 28:49 - Closing Remarks 

In the second episode of The Rust Belt Apartment Podcast the team is joined by Steve Medinger and Aaron Massara of BlueMark Capital to discuss the current state of the financial markets. BlueMark Intro 0:42Episode Topic Overview 2:15What Inning are we in? 4:30What product is out there for Buyers? 6:15How are deals being Underwritten? What is the Stress Test? 8:00Where are Interest Rates headed? 12:25Where is the ideal balance in term, rate and yield maintenance? 18:40Life Company lending options 21:25Debt Fund lending options 25:05Mezzanine and Bridge options 26:55How is the finance market looking at Ohio? 29:00The power of marketing knoweldge 33:00Cleveland Cap Rates and Cash Flow 35:50Rent Growth 38:45Transactional Timing in 2022 44:00Is Multifamily the true darling of today's market? 48:45Closing Remarks 50:40

In this inaugural episode the team sits down the Kieran Jennings to discuss property taxes in the state of Ohio. Kieran Jennings is the managing partner at Seigel Jennings a property tax law firm headquartered in Cleveland with offices in Columbus, Pittsburgh and Chicago. The conversation covered the basics of property tax law in Ohio, the valuation and appeals process along with perspectives on the positives and negatives of Ohio House Bill 126. Whether an established owner or new to the Ohio market, this episode has something for everyone!