Podcasts about rclco

Discover the fascinating world where sports meet real estate with our esteemed guest, industry expert Josh Boren. Josh takes us on a journey through his career, from his pivotal experiences during the Great Financial Crisis to his collaboration with renowned sports architect Dan Meis. Now leading global business development at RCLCO, focusing on sports and entertainment, Josh shares his passion for Detroit sports and the recent buzz in American football. Tune in to learn how these monumental arenas and stadiums are more than just venues—they're catalysts for urban transformation.Explore the magic behind sports venue developments like The Battery and Titletown, which are redefining the concept of game-day excitement. These projects not only boost team branding but also build vibrant communities by integrating residential and commercial spaces around stadiums. We'll discuss the allure of living spaces with spectacular ballpark views and delve into how these real estate ventures cater to shifting demographics, particularly in secondary and tertiary markets, creating lasting value for communities.Join us as we also uncover the evolving dynamics of team ownership in real estate. With owner involvement jumping from 40% to 70%, sports clubs are tapping into new revenue streams beyond traditional means like TV rights. We highlight groundbreaking projects such as the Cowboys' practice facility in Frisco, illustrating how integrated developments enhance financial sustainability and community impact. Finally, we'll look into the future of sports district development, where multi-purpose venues and immersive retail experiences promise to create dynamic, engaging community spaces.

In this episode of Conversations with the Best Minds in Real Estate, RCLCO's Managing Director, Strategic Initiatives, Joshua Boren, sits down with Arturo Sneider, Co-Founder & CEO of Primestor minority-owned and led real estate developer and investment firm based in Culver City, CA

Like the show? Send us a text message on what you liked.Strategic planning and real estate companies are not word pairings we are used to hearing. However, Charlie Hewlett is changing that mindset.Charlie is the managing director at RCLCO, a company based in the Washington, D.C., metro area. He co-authored Strategy for Real Estate Companies.Our topics include the definition of a real estate company, a short definition of strategic planning, what strategic planning is not, SWOT, POVs, plan lengths, and who should work on the strategy process.

Charlie Hewlett discusses his new book: "Strategy for Real Estate Companies" and his career at RCLCO. It is a master class!

William Maher, director of strategy and research at RCLCO Fund Advisors (RFA), was a guest on Nareit's REIT Report podcast.RFA's clients include some of the larger public pension funds, and increasingly non-U.S. investors.Maher said that most U.S. institutional investors today allocate less than 10% of their real estate allocation to REITs. “I think that indicates a big underweight that they're probably not aware of,” Maher said. He added that RFA's investor clients continue to want greater exposure to a broader range of property types and will continue to look to REITs to provide that access.Mid-size and larger institutions should have a “permanent long-term position in REITs for diversification, market knowledge, [and] exposure to property types that are difficult to access in the private markets,” he said.

In this Conversations with the Best Minds in Real Estate episode, RCLCO's Joshua Boren, sits down with Shelley Brindle, Mayor of Westfield New Jersey and Doug Adams, Senior Vice President, Development at Streetworks Development

In this special episode of Conversations with the Best Minds in Real Estate, listen to the recent webinar where leaders of the new partnership, Eric Willett, Adam Ducker, Ellen Klasson, and Jim Wright, discussed challenges real estate companies are facing today regarding talent management, trends in employee and executive compensation, and answered questions from the audience.

In this Conversations with the Best Minds in Real Estate episode, RCLCO's CEO Adam Ducker interviews Ellen Dunham-Jones

On today's episode, I sit down with Taylor Mammen, CEO of RCLCO Fund Advisors (RFA). RCLCO Fund Advisors (RFA) is a real estate advisory service for institutional investors on all aspects of their complex real estate investment portfolios, from strategy development to underwriting and asset management. Taylor helped pioneer this business beginning in the aftermath of the Global Financial Crisis, when several prominent pension funds turned to RFA with the goal of constructing better performing and more resilient real estate portfolios, and has grown it to become a highly respected institutional real estate advisor, working with some of the largest and most dynamic institutional investors in the world.…On today's podcast, we have a wide-ranging discussion covering how RFA operates as a consultant, the macroeconomy, the role real estate plays, and the importance of operational leverage going forward.RFA is a data-driven consultant and I enjoyed hearing Taylor's perspective on investors changing appetite and need for alpha, what to look for in a partner who has a strategic approach to investing along with the importance of communication in managing LP and LP advisor relationships.Let's get into it.Links:Connect with TaylorRCLCO Fund AdvisorsConnect with Brandon on LinkedInJuniper SquareTopics:(00:01:50) Taylor's background and RCLCO Fund Advisors(00:04:00) The role ROLCO plays on behalf of LPs(00:07:28) How do you compare and contrast your firm with the traditional consulting model?(00:10:24) What's the general appetite for US real estate in this economic state?(00:21:51) What is the RFA view on a potential recession?(00:25:31) How are you thinking about the future of closed-end fund investing?(00:34:05) How are you thinking about the performance of niche sectors and their role in portfolio creation for a typical institutional investor?(00:38:55) What's your process for Manager selection?(00:44:00) What can folks do to be different when they meet with consultants or LPs?(00:48:41) What is important to you once an investment has been made in terms of building relationships with investors?(00:52:20) Parting advice

In this Conversations with the Best Minds in Real Estate episode, RCLCO's CEO Adam Ducker interviews JP Testwuide and Andrew Lang of Alterra Mountain Company

In this Conversations with the Best Minds in Real Estate episode, RCLCO's Joshua Boren interviews the President of Biederman Redevelopment Ventures, Bryant Park Corp., & 34th Street Partnership Dan Biederman

n this episode, Carter Froelich continues his discussion of The Project Diagnostic™ focusing on the use of special purpose taxing districts, Cost Segregation Analysis™  and development impact fees as a means to offset infrastructure costs.  If you haven't listened to Episode 21, we encourage you to review this episode before moving to Episode 22. In part two of this three part series you will learn about: Why special purpose taxing district are critical to the financing of public improvements. Establishing a competitive ad valorem tax rate equivalent for your project's special purpose taxing district. What percentage of RCLCO's Top 50 Selling Master Planned Communities are using special taxing districts to finance public infrastructure. Segregating costs in into “cost buckets”. Development Impact Fees and Development Impact Fee Credits Get the Project Diagnostic™ Podcast Outline, Powerpoint, & RCLCO'S Top 50 Selling Master Planned Listing Get all the shownotes here Learn more about Launch Development Finance Advisors Connect with Carter Froelich Connect With Launch Development Finance Advisors Carter Froelich – 480-828-9555 / carter@launch-dfa.com Carter Froelich hosts the Land to Lots™ podcast powered by Launch Development Finance Advisors. Carter shares how he and his team help their clients finance infrastructure, reduce costs, and mitigate risks all with the goal of enhancing project profitability.

In this podcast RCLCO interviews CEO of 2HSQ Robert Seldin, who is the US Patent Inventor for the proprietary 2HSQ live/work building conversion and construction method and apartment operating system.

In this podcast RCLCO interviews CalSTRS' Investment Director of Sustainable Investment & Stewardship Strategies and Portfolio Manager responsible for residential assets.

In this podcast RCLCO interviews Bell Partners' President and CEO, Lili Dunn, discussing her career journey, how as the new CEO she is positioning Bell Partners for success, and her five pieces of advice for people breaking into the industry.

In this podcast RCLCO welcomes Ellen Klasson to the firm, discussing her 20-year career journey, experience as a female leader in real estate, and insights into executive recruiting.

Laura leads the residential arm of Lakewood Ranch, the nation's top-selling multigenerational community in 2018, 2019, 2020, and 2021. She oversees a 16,000-lot residential portfolio under active development by 20 builders with 2,000+ annual home sales. Laura also directs marketing efforts for LWR Commercial and the Lakewood Ranch Golf & Country Club. Before Lakewood Ranch, she was vice president of marketing for Willowsford, a 4,000-acre “agri-hood” community in Northern Virginia. From 2002 to 2007 Laura served as vice president of corporate development for RCLCO in Washington, DC, and before that, held positions with the Urban Land Institute, Greater Houston Partnership, and IBM/CB Commercial.In today's episode, Laura Cole, Senior Vice President Lakewood Ranch Communities, LLC, shares her journey into real estate and the top 3 trends she's seeing as a result of the pandemic.Memorable moments:11:07: I love the idea of “I haven't been here before”. But let's draw from what we know, or try to find some analogues that that even come close to this.12:32 I like thinking long term and you have too in these communities because we won't have homes on the ground for potentially five years. So you better be betting on the right market segment for when that's going to arrive in five years. We are being really tactical and I like the challenge of that.13:46: The biggest thing right now that we're confronting is the growing caution by the consumer tied specifically to pricing.15:09: People are looking not only to come to Florida because of the tax advantages and the quality of life, but there's a perception that living in a masterplan community creates an additional layer of security.15:36 The nuclear family is moving with their extended family. We're seeing these multi-generational moves. One family moving here becomes three or four. They've determined that this is the place where they want to put roots down and it's really rewarding to know that this is a place they want to call home.28:19 The development industry is particularly well suited for women because everything we do is multidisciplinary. We're good at multitasking and being able to bring in a lot of different facets into account in our decision making.29:36: I always feel like in our industry that being yourself pays huge dividends…Be yourself and add value.Connect with Nancy:Instagram: https://instagram.com/nancysurakLinkedIn: https://www.linkedin.com/in/nancysurak/Website: www.nancysurak.comConnect with Laura:LinkedIn: https://www.linkedin.com/in/laura-cole-8158526/Website: https://lakewoodranch.comLaura's Book Recommendation:A Land Remembered https://amzn.to/3OAbMyu via @amazonShe's WILD Sound Production by:Luke Surak, Surak Productions: surakproductions@gmail.com

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Las Vegas placed four master plans in the top 11 and five in the top 25 in the nation, and homebuilding shows no signs of slowing down in those developments in 2022. The numbers released by national consulting firm RCLCO shows Summerlin retained its No. 3 spot in the country with 1,619 sales. That's a gain of 11 percent over the 1,456 sales in 2020 and 23 percent over the 1,320 sales in 2019. Summerlin remains below two in Florida. The Villages retained its No. 1 spot with 4,004 sales, a jump of 63 percent. No. 2 on the list again is Lakewood Ranch in Sarasota with 2,574 sales, a 20 percent increase. Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Guest: Vicki Greco Nevada Small Business Consultant Silent Consulting, LLC, 702-758-4691 vickig@silentgconsulting.com __________________________

In this special episode of Conversations with the Best Minds in Real Estate, Chief Executive Officer of RCLCO Fund Advisors, Taylor Mammen, speaks with Adam Ducker, Chief Executive Officer of RCLCO, about the state of the market, how RCLCO is helping clients respond, and what real estate practitioners can expect for 2022.

Billions of dollars are being poured into build-to-rent communities and the industry is booming! Are developers able to keep up with demand for new rental homes? How long will it take to balance demand with supply? Is “now” the time to invest in this kind of rental property? Or maybe developers are overestimating future demand for this kind of rental and will end up flooding the market?In this episode, you'll hear from housing market economist Brad Hunter on this mushrooming segment of the real estate industry. Brad has been doing market analysis for 35 years and has conducted hundreds of housing demand studies at national and local levels. His market insights are available for builders, developers, investors, and lenders through his company, Hunter Housing Economics, in West Palm Beach, Florida. His opinions and forecasts are also widely covered in the media. Past positions include chief economist and national director of consulting at Metrostudy, managing director at RCLCO, and chief economist for HomeAdvisor.Brad was recently quoted in the following articles:Building and Renting Single-Family Homes Is Top-Performing Investment - WSJBuilt-to-Rent Suburbs Are Poised to Spread Across the U.S. - WSJThis is a piece he wrote as a special contribution to Forbes:Ten Billion Reasons Why There Is A Built-For-Rent Land Rush - ForbesYou can also follow him on Twitter: @bradleyhunterThanks for listening to the Real Wealth Show! Like what you hear? Subscribe to the Real Wealth Show on Apple Podcasts (or all other major platforms) and leave a rating and review, we really appreciate it!And if you haven't yet, join RealWealth for free today at www.realwealthshow.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.

Principal Kelly Mangold speaks with Torti Gallas + Partners' Principal, Brian O'Looney, about starting a career as an intern for the legendary architect Cesar Pelli and choosing architectural design as an alternative to an automotive design career. O'Looney discusses the process of writing his book, Increments of Neighborhood: A Compendium of Built Types for Walkable and Vibrant Communities, and RCLCO's contribution of original research and analysis.

RCLCO’s Chief Executive Officer, Adam Ducker, speaks with Pappas Properties’ Founder & CEO, Peter Pappas. Pappas discusses growing up in Charlotte, South Carolina, starting a real estate career with The Bissell Companies, creating a business vision based on the broad long-term evolution of urban markets, and leading the industry in the shift to focus on the opportunities to take sophisticated mixed-use product to suburban markets.

RCLCO’s Chief Executive Officer, Adam Ducker, speaks with Pellas Development’s Chief Executive Officer, Carlos Hernandez, about the beginnings of Carlos’ career in real estate starting with growing up in Mexico and working as a construction manager, the unique impacts of the COVID-19 pandemic within Central America real estate markets, and the story of the primary housing market performance in the region throughout the most recent real estate cycle.

RCLCO Real Estate Advisors, announced today that after leading the firm for 40 years, CEO Gadi Kaufmann has transitioned to the role of Chairman, promoting long-term colleagues and fellow members of the Executive Committee, Taylor Mammen and Adam Ducker to CEOs of RCLCO’s business units.

RCLCO’s Director of Business Development, Joshua A. Boren, speaks with George Smith Partners’ Principal & Co-Founder, Gary E. Mozer, about managing expectations during this period of market uncertainty as transaction volume has slowed; his strategies for successfully balancing work, home, and community life; and the importance of mentoring the next generation of real estate practitioners through ULI and other professional organizations.

How is Avalon Bay changing their business model to respond to the challenges and opportunities of 2020 and beyond? In this episode, RCLCO Managing Director, Charles A. Hewlett, speaks with AvalonBay Communities’ SVP of Strategic Initiatives, Karen Hollinger, about her career journey from overseas consulting to domestic real estate, how automation and PropTech is disrupting the multifamily sector, and the impact of the pandemic on the rental apartment industry. She also describes how technology has made it possible to lower operating costs at AvalonBay’s newest concept community, Kanso Twinbrook. “Given the influx of capital from the venture capital space, and just PropTech in general exploding, there’s a lot of ways you can mimic an institutional player.” – Karen Hollinger About Karen Hollinger & AvalonBay Communities Karen Hollinger is Senior Vice President, Strategic Initiatives at AvalonBay Communities and is responsible for leading large strategic corporate initiatives. She also is point on innovation initiatives and for venture-capital investment. She is considered an expert in the multifamily industry, especially in matters related to “PropTech” and technology, and has spoken frequently in the industry. AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, they’ve established a leadership position rooted in building value for the long term. About Charles A. Hewlett & RCLCO Charles A. Hewlett is a Managing Director based out of the Washington, DC office. He has over 25 years of real estate consulting experience and has advised on commercial and residential properties in most major metropolitan regions. His areas of specialization include corporate, portfolio, and asset-level strategic planning; economic, market, financial feasibility and metropolitan development trend analyses; as well as litigation consulting. Charles has written articles published in the Corridor Real Estate Journal, UrbanLand, and publications of the National Multi Housing Council. He is the author of Strategy Planning for Real Estate Companies. RCLCO is proud to be the “first call” for real estate developers, investors, the public sector, and non-real estate organizations seeking strategic and tactical advice regarding property investment, planning, and development. RCLCO leverages quantitative analytics and a strategic planning framework to provide end-to-end business planning and implementation solutions at an entity, portfolio, or project level. Topics in this episode include: How the AvalonBay family is faring during COVID-19 The biggest challenges of the pandemic and the surprising upsides The lasting impacts of this pandemic on the rental apartment industry and what the post-COVID “new normal” will look like What AvalonBay is doing to change the business model to respond to these challenges and opportunities The impact of technology on real estate over the course of Karen’s career and predicted future impacts How AvalonBay is automating the sales and leasing process, including their new concept community, Kanso Twinbrook How AvalonBay thinks about data as a strategic edge to think about development decisions How the influx of venture capital funds in the “Proptech” space impacts multifamily operations beyond the largest institutional competitors The impact of newer leading-edge technologies, such as artificial intelligence and robotics, could impact real estate The people and resources that have been most valuable over Karen’s career BROWSE MORE PODCAST EPISODES

BE SURE TO SEE THE SHOWNOTES AND LISTEN TO THIS EPISODE HERE Eve Picker: [00:00:17] Hi there. Thanks so much for joining me today for the latest episode of Impact Real Estate Investing. My guest today is Christopher Leinberger. Chris has had a singular career working on urban land use issues, as a strategist, teacher, developer, researcher and author.   Eve: [00:00:47] Growing up in the 1960s and 70s, Chris was actively involved in community affairs and social change issues. He learned the value of connecting coursework and theory with hands-on community engagement early on. Although he first put his business degree to work in the corporate world, Chris found he wanted to run his own organization and opted to take over management, and then ownership, of Robert Charles Lesser & Company, now RCLCo. At the time, it was a one-office, real estate consulting firm in Southern California. RCLCo became one of the largest real estate advisory firms in the U.S., with four offices nationally, by 2000. Chris's new venture is a startup – Places Platform. This is a project he audaciously hopes will become "the Bloomberg of real estate and the built environment," developing tools and methodologies to measure economic, social equity and environmental conditions in cities and metropolitan areas. Be sure to go to EvePicker.com to find out more about Chris on the show notes page for this episode. And be sure to sign up for my newsletter so you can access information about impact real estate investing and get the latest news about the exciting projects on my crowdfunding platform, Small Change.   Eve: [00:02:25] So, welcome to the show, Christopher. It's really nice to have you here.   Christopher Leinberger: [00:02:29] Really pleased to have a chance to chat with you.   Eve: [00:02:32] I read some of your bios, and the common theme in your development work is the one you discovered when you were eight years old, the value of well-developed, walkable urban land. And I'm wondering how that theme came to take center stage in your professional life?   Chris: [00:02:50] Well, it took me about 20 years to realize that that was what was driving me, from the age of eight – how we build our cities and why are certain blocks, certain places, vital and other places are not. And I didn't know that at age eight. But that's the basis of urban economics. But I thought that was just kind of a childhood fancy. And after business school, I went to work for two corporations and found out very quickly that I make a terrible employee and went to work with a small consulting firm in Beverly Hills, California, that I eventually bought three years later, Robert Charles Lesser and Company. And that, basically, was a firm that I could now explore how we build our cities and what makes certain places vital and others not so.   Eve: [00:03:47] And what did you discover along the way? It must have been pretty difficult setting out on this path.   Chris: [00:03:55] Well, certainly, this is back in the early 80s, and drivable suburban development was the thing in vogue. And in fact, this consulting firm, which did market studies, financial feasibility, I introduced strategic planning for both real estate companies and places, like downtowns. And I expanded the company from just a West Coast operation to a national, in fact, you know, we did a lot of work abroad, until I sold the company in 2000. It's still very active today. It's much bigger than when I was running it, back in 2000. But it was a little depressing to look at the fact that the market seemed to only want masterplanned communities and subdivisions and, you know, strip malls. And that's what we were doing in the 80s. The market studies and the financial feasibility were all about, you know, this drivable suburban stuff that we in this country invented. But then towards the end of the 80s, it really kind of started with a project I did in Downtown Chattanooga, which was a strategy for Downtown Chattanooga, the first downtown strategy I've ever done. And we pulled this strategy together with the city, with the place manager, River Valley Partners, and the county and the banking community and all sorts of ... and the great civic sector, just a remarkable civic sector. And we put together a strategy. 14 points to it. And within three years, 13 of the 14 were done.   Eve: [00:05:37] Wow.   Chris: [00:05:37] And it was off to the races. And so, I've stayed in, I've stayed involved with Downtown Chattanooga for the last 30 years. It's just been a remarkable turnaround. So, there I found that, good lord, people actually may want this walkable, urban stuff that, that really was so attractive to me when I was eight.   Eve: [00:05:55] Right. Yeah, I think I always dreamed about living above a coffee shop in a downtown.   Chris: [00:06:04] I always dreamed of living on a penthouse of a 1920s apartment building, you know, condo, co-op, whatever, and having a deck all around you and having the cage elevator take you up to it, and so ...   Eve: [00:06:21] Fabulous.   Chris: [00:06:22] Anyway, I got the cage elevator. The building I live in, it's five stories on Mass Ave, and it has the oldest elevator in town, which is a cage elevator that comes right up to our floor.   Eve: [00:06:35] How about the deck all around? No?   Chris: [00:06:38] No, didn't get that. The 'deck all around' is just about to become about 108 solar panels.   Eve: [00:06:45] Oh wow, and I got the coffee shop after about 20 years of trying so ... Just an aside, I'm especially in awe of your advisory role in Walk Score, which is a tool that I use every day, apparently with four million other people. So, that's an amazing tool that's emerged out of your interest, as well.   Chris: [00:07:06] Yes, I was on the initial board of Walk Score before, and then, of course, it was bought by Redfin, so that board went away. But I have loved the folks at Walk Score. I still use them, you know, in my research at Brookings and George Washington University. And now, in my next phase of life with Places Platform, which is my startup, that is basically Sim City for real, and Walk Score is foundational to that.   Eve: [00:07:37] So, I use it. I developed a Change Index for my crowdfunding platform, Small Change, and I use it to identify, you know, where projects are that walk in the door are located, like every day. It's a fabulous tool.   Chris: [00:07:51] It's remarkable. And the other thing that a number of us have found is that in walkable urban places, Walk Score above 60 yields tremendous value enhancement. You know, here in D.C., on the for-sale residential side, one Walk Score point above 60 yields about a 10-dollar-per-square-foot increase in value of a house or a condo.   Eve: [00:08:22] That's pretty amazing.   Chris: [00:08:22] That's huge. Places Platform just did our beta test in Grand Rapids, Michigan. So, this is a Midwestern town, small Midwestern town, not exactly a bi-coastal sort of place. And in the office market, one Walk Score point increases office valuations by a buck a square foot.   Eve: [00:08:44] Wow.   Chris: [00:08:45] And that's, again, for a town that an office sells for 180 to 200 bucks per square foot, one Walk Score point equals a one percent increase in valuation. That's pretty significant.   Eve: [00:08:58] So, I'm proud to say my Walk Score is, I think, 99.   Chris: [00:09:01] Wow, well that's impressive. My Walk Score's 92. I live within about four blocks of Dupont Circle.   Eve: [00:09:11] I live downtown in Pittsburgh, so you really, no, that's pretty simple.   Chris: [00:09:14] Yes, it's great.   Eve: [00:09:16] You know, I first became aware of your work when, when I was struggling with a capital stack for a little catalytic development project. And I heard about the Albuquerque project and 'patient money,' and those of us who do this sort of development know that it's very difficult to get traditional financing to accomplish groundbreaking projects. And I just love you to talk a little bit about how you approached that when you started that project, and, in general.   Chris: [00:09:45] It starts with an understanding that there is no such thing as new ideas. As you may have also seen or heard, my favorite urban movie is "Back to the Future," and it's the most important urban movie ever made that is popular because it shows the two ways of building: drivable sub-urban and walkable urban, in three different time periods. The 1950s, which was really a reflection of the early 20th century, 1985 when the movie came out, which showed how we completely disinvested in our downtowns and all the energy, and all the money, shifted to regional malls and business parks, and, of course, subdivisions. And then the near distant future, that again this 1980s view of the near distant future, which showed downtowns coming back. And the suburbs going into decline, and who'd have thunk that ...   Eve: [00:10:46] Yeh.   Chris: [00:10:46] ... in the 1980s. Well, that near distant future was 2015. So, these writers of the movie nailed it, and none of us in the 1980s were thinking that the cities were going to come back that quickly and that well. So, you look at how we used to finance, and much of the money in the capital stack... You know, the capital stack is going to be comprised of two basic categories – equity, you know, cash at risk, and debt, money you get from banks at very cheap interest rates. So, by definition, the equity is the risk capital and it goes in first and comes out last. And with a 'Back to the Future' financing approach, that, you've got to have 40, 50, 60 percent of your capital stack being equity, and most of that being 'patient equity.' It's not looking for an internal rate of return of 25 percent. It's going to be put in. It's going to get paid back when the project matures. You know, don't bother measuring it. Just recognize that it's there for the mid- and long-term. And if you realize that, in walkable urban real estate, you can make a bloody fortune. But you just can't make it in three to five years.   Eve: [00:12:18] But we have pretty impatient investors right now who want to make that sort of return quickly. Two years.   Chris: [00:12:25] Oh, yeah, oh yeah.   Eve: [00:12:26] That's frustrating for me with my platform, because, you know, some ... these projects that I think are so important for the future have a very hard time getting equity.   Chris: [00:12:41] So, you have to be creative, of course, and most the important thing to be creative about is making sure that the land invested in your deal is invested patiently. So, the best example... I'm in partnership with Robert Davis in my development company. Now, we're both, at this point, limited partners with our development company, which is called Arcadia Land Company, based in Center City, Philadelphia. But Robert's best known for the project, Seaside, on the panhandle of Florida. And it's the first New Urbanist project. And Robert got 80 acres from his grandfather as his inheritance on what was then known as the Redneck Riviera. This is where the country boys from Alabama would go down to the beach and drink. And Robert looked at this as a patient equity investment, and slowly but surely came up with a great urban plan, and slowly invested in the infrastructure, block by block. And he sold his first one eighth of an acre lot for ten thousand dollars. He sold his last one eighth of an acre lot for two million dollars ...   Eve: [00:14:02] Oh wow.   Chris: [00:14:02] ... 25 years later.   Eve: [00:14:04] Wow.   Chris: [00:14:04] And he still owns Downtown Seaside. It's worth a bloody fortune, with condo prices at 1,500 bucks a square foot. That's what the ancients knew how to do. And that's what the Grosvenors in London knew how to do 400 years ago. They were just, you know, farmers that happened to own this farm that became the West End of London. And they never sold the land. They just had long-term leases, and became one of the top 20 wealthiest families on the planet because they invested long-term. So, we have lots of examples, just not that many currently, as we have this 'get rich quick' mentality   Eve: [00:14:49] We really do, don't we? Interesting. What's your favorite project that you've worked on?   Chris: [00:14:56] My second project. I was still running and owning Robert Charles Lesser and Company and got hired by a Seattle family to redevelop a shipyard in Kirkland, Washington, right on Lake Washington, right across Lake Washington from Downtown Seattle. They built Liberty ships there during the Second World War. And this family also happened to own the Seattle Seahawks at the time, and they had their practice field there. And so, they asked me to figure out what to do with it. And we came up with this pretty, at that point, wacky idea of high density, mixed use, walkable urban – a new marina, office, hotel, retail around a plaza, rental apartments, condos, and from day one, decked parking, highly expensive to build, so we could get the kind of density that we needed. And the east side of the Seattle metro area, at that point, you did not charge for parking. So, this was an incredible investment with zero return as far as the parking goes. And everybody, you know, Urban Land looked at it and said, you're crazy. And I mean, even the office brokers who have no skin in the game, said this is crazy. And we came up with this set of recommendations. And the family, the Skinner family, old mine family up in Seattle, said to me, great idea! Now can you build it? And I said, holy smokes, I'm a consultant. What, do you want me to do something? So for about two years, I was the fee developer and it came out of the ground, it just ... to this day, it gets the highest office rents and rental apartment rents in the northwest of the U.S.. Because of its high density, walkable, urban nature.   Eve: [00:16:57] Wow. And you were hooked, right?   Chris: [00:17:00] Oh, yeah, I saw the power of it. It was just really impressive. And, you know, this is your ultimate doing well while doing good. And you can feel really proud of Carillon Point, which is what it's called ... because it's a long-term keeper. And I asked the family, so, you know, why do you want to do something that's, that's so unconventional from the finance point of view? And they said, well, we've been around Seattle for 100 years. Our family's going to be around for at least another 100 years. We're building with 100 year perspective.   Eve: [00:17:30] Wow. So, then what led you to launch Places Platform?   Chris: [00:17:35] This is kind of a culmination of all the work I've done, going back to age eight. You know, I mentioned earlier, it's the Sim City for real estate and place management and city management. It also could be viewed as the Bloomberg of real estate. Michael Bloomberg, with his original company that made him worth 40, 50 billion dollars, basically created a data set, a database of all the stock and bond markets back in the 70s and 80s, that ... and so on one screen in front of you, or actually two or three screens, you could understand anything about any stock or bond that was being traded on public markets worldwide. And that was a huge step forward. Well, real estate is worth about twice as much as all the publicly traded assets in this country, of all the publicly traded companies. And we are not yet at that point, but we have 100 percent database of all the real estate, we're real close, and that's what Places Platform is creating. Working with Walk Score, working with Co-Star, working with Zillow and Collateral Analytics, and a variety of other databases that are in their silos, we're bringing them all together. And we're looking at it from an economic performance point of view ...  meaning we can do gross regional product, GRP, at the place level, at the city level. At this point, we can't get GRP below the metro level, at least officially, you know, throughout the country. But Places can take it down and tell you what the GRP is of Downtown D.C.. We look at the net fiscal impact, how much does the city net at the place level? How much does Downtown D.C. make for the city of the District of Columbia? The revenues coming in from property taxes and income taxes and sales taxes and all the rest, minus the cost of services, the net fiscal impact. And these walkable urban places almost always make the bulk of the money for a city to pay for public schools, and to pay for welfare and other social benefits. And then, of course, we look at the real estate valuations for all the real estate.   Chris: [00:20:05] We also have three other metrics. One is social equity. What does it mean for somebody who is a low-income household? We also look at it from a public health point of view, and particularly with COVID. And the fourth one that we have not yet developed is, of course, environmental. So, what Places Platform is trying to do is to have a quadruple bottom line. To analyze public policy, infrastructure investment, major real estate development, and understand and quantify what the economic, social equity, public health and environmental, you know, hopefully benefits, are from those investments.   Eve: [00:20:47] Is your hope that this information will propel cities towards the right sort of development?   Chris: [00:20:57] That's it. I've come to realize in my career that there's either a downward spiral for cities or an upward spiral. And the 80s and into the 90s was the downward spiral. No matter what you did, no matter what federal program, whether it be UDAG grants or Model Cities or you name it, redevelopment, there was a downward spiral that no matter what you did, no matter how much money you spent, it would not change the downward spiral. Well, we're now in this upward spiral, with, you know, the market share gains for walkable, urban development is just through the roof, and the price premiums are two, three, four times the price per square foot of drivable suburban places. So, we have this upward spiral. And I have found that the upward spiral, if you have correct public policy, can both give you economic returns and social equity returns and public health returns and environmental returns. And this will be a measurement tool to make sure you are achieving all four of those returns. You do not have to sacrifice social equity for these economic returns.   Eve: [00:22:15] So, then I have to ask the dreaded question, do you think that COVID-19 is more than a blip on that upward spiral?   Chris: [00:22:25] To be flip? It is just a speed  bump, it is just a blip that, you know, a year or two from now we'll look back and just say, that was kind of a weird couple of years. But having said that, I'm not saying that a lot of changes are being sped up. Changes that were in place ...   Eve: [00:22:46] Compressed. Yep. Yep.   Chris: [00:22:48] The head of global research for Cushman and Wakefield asked me a couple of months ago to work with them to help figure out what's the 'future of office' in the U.S.. And so we're in the middle of that work right now, and certainly there's going to be an impact, particularly on the office market. There's going to be, in my mind, it's pretty clear, that there's going to be a repricing, i.e., a reduction in value of offices. It's going to affect different metro areas differently, and we're going to be looking at it, looking at the 30 largest metros to figure out what the impact will be in each of those 30 metros. But, like with every crisis, there's opportunity, and the opportunity, if we see a repricing and a reduction in occupancy in the office space as more people work from home, and, you know, it's not going to be 100 percent work from home. We know that. But it will be more than what we had, which is about 11 percent in 2018, according to the census, worked from home during the most recent week that that survey was conducted. It'll be higher than 11 percent.   Eve: [00:24:07] Yeh, yeh.   Chris: [00:24:07] So, those offices will experience a lot of pain. And the other thing is, that then allows that office space, which is in remarkably great locations, particularly the walkable urban space, to be recycled, probably as residential.   Eve: [00:24:28] Yeah.   Chris: [00:24:28] We are short anywhere from seven to 12 million housing units in this country. That we've not allowed the real estate development community to build. We have mandated that they could not build them. And that has created this horrendous affordable housing and homeless situation. And so a lot of those office spaces, as well as a lot of the hotels, are going to become assets that we can convert into housing in great walkable urban locations.   Eve: [00:25:03] Right, right. Aside from that are there any other current trends in real estate that you believe are most important for the future of cities?   Chris: [00:25:12] Yeah. We collectively in real estate and the built environment, you know, urbanists, in general, we really need to address, forcefully, the need to 'up-zone.' Up-zone land, and in particular, in cores and corridors. The cores are walkable urban places, both in center cities, but in particular the urbanizing suburbs. Probably 50 percent of new walkable urban development will be in urbanizing suburbs. Metro D.C. is leading the way, not just in this country, but worldwide in the urbanization of the suburbs in Arlington and, you know, downtown Bethesda, Silver Spring, Reston Town Center, National Landing, National Harbor. But it's a massive up-zoning battle ...   Eve: [00:26:07] Yeh.   Chris: [00:26:07] ... fought by NIMBYs. NIMBYs are the most pernicious force in urbanism right now, and I am quite ashamed of my generation, I'm a baby-boomer, that are leading the NIMBY charge and it's the most selfish movement ever. And they're basically saying, you can't come here. And if I stop you from coming here, my house is worth more. And it's all in the land. So, we need to flood the market with more up-zoned, walkable urban land. But it's only going to be a small percentage of total metro land. Here in D.C. only two percent of the metro area is walkable urban. That's it. Two percent. And that's where all the action is.   Eve: [00:26:55] You know, you're probably familiar with this, but over the last 10 years or so, I visit Melbourne, Australia regularly, and they up-zoned their key commercial corridors in the way you're describing. And it's been really interesting to watch it. Are you familiar with that?   Chris: [00:27:10] Very much so. I've been to Melbourne quite a bit.   Eve: [00:27:13] Yeh, yeh.   Chris: [00:27:13] You may have run into Mike Day, who's the leading urban planner in Australia, who's based there, and he has an urban planning firm that is the largest in the country. And he and I have been working together, particularly in Melbourne and Sydney. Yeh, they really need to up-zone. I mean, they obviously, you know ...   Eve: [00:27:32] Oh yeh, Melbourne is sprawling badly.   Chris: [00:27:34] Oh, god, it is horrendous. And the same with Sydney. But, you know, their downtowns are among the top five on the planet.   Eve: [00:27:43] Yeah, they're fabulous.   Chris: [00:27:44] When you get out of the downtowns, and it's just suburban hell.   Eve: [00:27:47] Not all of it. Like Melbourne has a really great train network and a wonderful bike network that really connects some of the neighborhoods around downtown, really, pretty well, which is, you know, one good thing.   Chris: [00:28:01] Well, the downtown and the downtown adjacent places are tremendous in Melbourne, as you know better than I, you know, the region of Melbourne is comprised of, like in the U.S., many, many, many jurisdictions. And so the center city is one jurisdiction, downtown and downtown adjacent. So, then all those suburban jurisdictions just don't get it ...   Eve: [00:28:27] Yeh.   Chris: [00:28:27] ...and they are beginning to get it. A lot of efforts going into it. So, I have no doubt that they're moving in the right direction.   Eve: [00:28:35] Well, a city like Melbourne, too, I think it's one of the fastest growing metros ... It's certainly the fastest growing in Australia, and ...   Chris: [00:28:42] And it's such a lovely place. It is just ...   Eve: [00:28:44] It's a lovely place.   Chris: [00:28:45] Charming as can be. Remarkable people.   Eve: [00:28:49] Ok, then, do you think equity crowdfunding can play a role in building communities for everyone? We're talking about social equity and how people can get a stake in their own community.   Chris: [00:29:02] I think it's a critically important trend. And again, it's 'Back to the Future.' This is how we used to build the great real estate. I always used to wonder back in the 80s when I was really trying to noodle through how did the ancients of the late 19th, early 20th century build these buildings that were so well built? They were over-engineered. They were architecturally significant. They were built for the ages as opposed to the junk that we were putting up in the 80s and 90s that were, you know, just slam bang, thank you, ma'am. Throw them up. Assume that in 10, 12 years they're going to become a slum, and you didn't care because you got your money out. And it was because of crowd funding. And it was local folks coming together to build, in particular, you see this with hotels that, every city needed a glamour hotel that would show off the best of that city. And all the business folks would come together and put in money to build this hotel, to demonstrate that this city has come of age. And those hotels are with us today as the grand, marvelous anchors of our downtowns. Every city throughout the country has one. But the same thing applies to much of the commercial real estate, that a lot of small investors came along and dropped in the equivalent of a thousand dollars and they owned a little piece of their community. And that did a lot of things. One is they would economically benefit from the vitality. They would walk past it and they could say to their friends, I own that building. Point of pride. That's the great thing about real estate, is that, you know, unlike software development, which is viper ... just vaporware, you can point to a stick and brick building and say, I own that. Great pride, great emotional return. And it also gives you a reason to care about and patronize your hometown. It's the ultimate doing well while doing good.   Eve: [00:31:10] Yeah, I think you've described exactly why I started a crowdfunding platform. In Pittsburgh, you know, in the neighborhood I lived in for a long time, some of my neighbors would just band together to buy a vacant house to make sure that it wouldn't fall into a slumlord's hands. And, you know, that was exactly in that era. And I was, I was pretty impressed with that. I thought it was pretty fabulous.   Chris: [00:31:36] Yeh, yeh, I've seen that kind of thing happen throughout the country. Chattanooga, again, my favorite small town, has an organization called Chattanooga Neighborhood Enterprises that has redeveloped low-income neighborhoods surrounding downtown with zero, zero displacement.   Eve: [00:31:56] Wow.   Chris: [00:31:56] And it's just remarkable. You know, there's so many great examples out there now, over the last 20, 30 years.   Eve: [00:32:04] Well, I've really, really enjoyed talking to you. And I can't wait to see how your new venture evolves. Thank you very much for joining me.   Chris: [00:32:11] It's been very good to catch up with you.   Eve: [00:32:13] Thank you. Bye.   Chris: [00:32:13] Bye. Bye.   Eve: [00:32:26] That was Chris Leinberger. His fascination with cities started at a very early age and evolved into an astounding career working on urban land issues as a strategist, teacher, developer, researcher and author. He built an enormous advisory company and then moved on to focus on development as a co-founder of the Arcadia Land Company, a progressive New Urbanist development company for which he is still a managing partner. I hope you enjoyed listening to this interview as much as I enjoyed recording it. You can find out more about impact real estate investing and access to the show notes for today's episode at my website, EvePicker.com. While you're there, sign up for my newsletter to find out more about how to make money in real estate while building better cities.   Eve: [00:33:20] Thank you so much for spending your time with me today. And thank you, Chris, for sharing your thoughts. We'll talk again soon. But for now, this is Eve Picker signing off to go make some change.

This week we host RCLCO’s Director of Business Development Joshua Boren to discuss digital marketing in real estate as well as how he and his company see the current real estate landscape. Joshua Boren is recognized industry-wide for his digital marketing skills and for the work he does to bring business to his company through social media and other digital tools that our industry has generally been slow to adopt. We touch on new products that have hit the real estate scene recently and are garnering attention quickly, such as Single-Family Rentals and Production Studios.You may reach Josh at Joshua.boren@rclco.com, as well as on Twitter @JoshuaABoren. Be sure to follow RCLCO on Twitter as well @RLCO.

Kelli Lawrence, Onyx + East, provides a brief recap to our Single Family Build to Rent Coffee Talk, held this summer. Listen in and stay tuned for more on this subject! If you missed the Coffee Talk with: Kelli Lawrence, Onyx + East; Michael Berke, Tempo Capital Group; Scott Choppin, The Urban Pacific Group of Companies; Brad Hunter, RCLCO; Margaret Potter, Camillo Properties and Mitch Rotta, Tricor ContractingWatch the recording and scan visual notes.Many thanks to our partners at the University of Denver for their editing and post-production talents, specifically Lija Miller and Lisette Zamora-Galarza.The University of Denver Franklin L. Burns School of Real Estate and Construction Management, teaches the full life cycle of the built environment. From integrated project leadership skills to a cohesive understanding of the built environment ––experience the only school of its kind!"Upbeat Party" is brought to you by Scott Holmes, songwriter from Free Music Archive. Support the show (http://www.housinginnovationalliance.com/join-us/)

North Fulton Real Estate Forum: Real Estate Market Outlook (“GNFCC 400 Insider,” Episode 37) The outlook for North Fulton real estate, both commercial and residential, is much more uncertain today as the local economy absorbs the effect of the pandemic. As part of a series of GNFCC Economic Recovery Forums, Gregg Logan, Managing Director of […] The post GNFCC North Fulton Real Estate Forum: Real Estate Market Outlook appeared first on Business RadioX ®.

North Fulton Real Estate Forum: Real Estate Market Outlook (“GNFCC 400 Insider,” Episode 37) The outlook for North Fulton real estate, both commercial and residential, is much more uncertain today as the local economy absorbs the effect of the pandemic. As part of a series of GNFCC Economic Recovery Forums, Gregg Logan, Managing Director of […] The post GNFCC North Fulton Real Estate Forum: Real Estate Market Outlook appeared first on Business RadioX ®.

In this episode, RCLCO Managing Director Gregg Logan speaks with Schroeder-Manatee Ranch President and CEO, Rex Jensen, about pivoting to real estate after beginning a career in law, how to communicate an executive vision that “sees three chess moves ahead” to all internal stakeholders, and what the success of Lakewood Ranch means for the future of the master-planned community concept.

Watch the video recording of this show, See the highlight videos Gain access to online real estate syndication resources ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity. Key Takeaways: [5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it [9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred [13:09] The unintended consequences of Opportunity Zones [17:27] How the gentrification index works [22:57] The current state of multifamily housing Website: www.JasonHartman.com/Properties www.RCLCO.com

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity. Key Takeaways: [5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it [9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred [13:09] The unintended consequences of Opportunity Zones [17:27] How the gentrification index works [22:57] The current state of multifamily housing Website: www.JasonHartman.com/Properties www.RCLCO.com

Home sales are hot for master-planned communities that have Crystal Lagoons. These man-made lakes create a beach-style environment on property miles from the ocean. There are just a hand-full of them in the U.S. right now, but their popularity is growing fast. According to a new report from RCLCO, the sales volume for homes in Crystal Lagoon communities is experiencing a year-over-year increase of almost 350%.   www.NewsForInvestors.com    

I just got back from an incredible Multifamily Mastermind in Las Vegas with Rod Khief along with some of the top Multifamily experts in the country - many of whom own thousands of doors. There were also some owners who have only been investing in real estate, and specifically multifamily property, for a few years. Some of these guys have raised millions of dollars of private money to acquire property. But since they haven't gone through a down market, they don't know what they don't know. And if a recession hits, they may not be prepared. Our guest today helps investors with strategic planning in both commercial and residential real estate, including risk management, due diligence, and the underwriting processes. Ben Maslan is a Principal in RCLCO’s Los Angeles, California office and has experience examining national, regional, and local market trends for all types of real estate, including commercial, residential, construction, and land. And he's here to share some really powerful insights with our listeners. www.RealWealthShow.com  

Karl Polen did not start out with his sights on real estate. He left his Midwest roots for Nashville at 19, eventually playing with the likes of Charlie Daniels and Johnny Cash.“One of the highlights of my life is that I actually met and chatted with Johnny Cash. He was an incredibly gracious guy.”Karl credits music for shaping his professional career by teaching him the type of discipline and focused effort it takes to become successful.Opening New DoorsWhen he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. He was drawn to an entrepreneurial culture, worked with Ed Robson of Robson Communities in the 1980's, and then joined Francis Najafi, Founder of Pivotal Group, as a partner in real estate investment. Working with these driven entrepreneurs was incredibly fulfilling, and Karl thrived in his role as he helped focus and implement the larger vision.Arizona State Retirement SystemKarl had long intended to work in public service after being inspired by his work on various boards over the years, and during the global financial crisis in 2010, he left Pivotal Group and transitioned from the board to staff with AZASRS.Here, he has transformed their approach to real estate by focusing on demand-driven investing.“We eliminated a middleman, we were able to have more control over our destiny in terms of selecting the type of deals we wanted to do, and then we also have more control to be able to exit an investment or increase an investment, depending on how things are going.”Because they are a small staff of nine, they work closely with their consultant RCLCO to identify the right markets and partners for success.Karl's Advice:Follow your bliss. Experiment. Find out what means something to you, then dig as deep as possible, become the best you can be, and find a market for it.Don't be afraid to take risk.Be prepared to reinvent yourself and be ready to adapt.Links from the EpisodeArizona State Retirement Systems InvestmentsArizona State Retirement Systems Strategic Asset Allocation (2018)Karl Polen's GitHub page

Chris talks with Gadi Kaufman, CEO and Managing Director of RCLCO, a real estate advisory firm. Gadi talks about his impressive career at RCLCO, how the real estate industry and his role in it as a consultant have evolved, and where he sees things going in the future, both in the markets and in the industry at large. Hear how an advisor to some of the biggest institutional investors thinks and what advice he has for young people looking to get into real estate. 

After growing up in Israel and serving in the army, Gadi Kaufmann came to the U.S. on a scholarship to Brigham Young University. His drive led him to an interview with RCLCO during college; and now, after 38 years and four careers at RCLCO, he has transitioned to the current managing director and CEO.Read Gadi's biography

After growing up in Israel and serving in the army, Gadi Kaufmann came to the U.S. on a scholarship to Brigham Young University. His drive led him to an interview with RCLCO during college; and now, after 38 years and four careers at RCLCO, he has transitioned to the current managing director and CEO.