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# A Student of the Real Estate Game
Perspectives on the Real Estate Business From A Young Entrepreneur - Joe Stampone
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## Posts
- [From Cookie-Cutter to Class A: How 50 Years of Apartment Construction Reshaped American Living](https://astudentoftherealestategame.com/from-cookie-cutter-to-class-a-how-50-years-of-apartment-construction-reshaped-american-living/) - The story of multifamily housing in America isn't just a story about units built. It's a story about who rents, why they rent, and what "apartment living" actually means — and how all three have fundamentally changed. Between 1970 and 2024, developers started construction on roughly 19 million apartment units in buildings with 5 or
- [A Framework for thinking about AI within a Private Real Estate Firm](https://astudentoftherealestategame.com/a-framework-for-thinking-about-ai-within-a-private-real-estate-firm/) - More than any other post, this one is for me. Writing has always been how I solve problems—taking something complex and distilling it into its simplest form. "Writing is thinking. You cannot write clearly if you aren't thinking clearly." For me, AI is a complex topic I need to write about to understand. Everyone's racing
- [The Multifamily Owner-Operator’s Advantage: Keep It Simple](https://astudentoftherealestategame.com/the-multifamily-owner-operators-advantage-keep-it-simple/) - Charlie Munger often said the easiest way to succeed is to avoid stupidity rather than chase brilliance. In investing, that means sticking to a few core principles and avoiding big mistakes. Nowhere is this truer than in real estate. Real estate is a relationship business where success is based on taking smart risks, maintaining long-term
- [The Challenge of Executing on an Obvious Buying Opportunity](https://astudentoftherealestategame.com/the-challenge-of-executing-on-an-obvious-buying-opportunity/) - For the past two years, I’ve heard the same pitch repeated across the multifamily investing world as it relates to the opportunity today: values are down 20–30% from peak, 2021–22 buyers will become forced sellers, the wave of maturities can’t be refinanced, supply is falling off a cliff, new development doesn’t pencil, renter demand is
- [Precision Over Scale: How Multifamily Specialists Win in a Crowded Market](https://astudentoftherealestategame.com/precision-over-scale-how-multifamily-specialists-win-in-a-crowded-market/) - Over the past few months, I’ve been on the ground in Orlando, Fort Myers, and Atlanta, walking properties, grilling onsite teams with questions, and touring every comp. It’s how I solidify our investment thesis and shape a tailored business plan. This is what I love about the real estate business. I got into multifamily because
- [Multifamily Real Estate Investing – Ignore the Noise and Focus on What’s Not Going to Change](https://astudentoftherealestategame.com/multifamily-real-estate-investing-ignore-the-noise-and-focus-on-whats-not-going-to-change/) - One of the main reasons I write online is to document how I think during uncertain times, and right now, in early April 2025, things feel especially uncertain. Every major headline points to chaos: a trade war with China, a sharp selloff in Treasuries, a volatile stock market, falling consumer confidence, fear of inflation, growing
- [Beyond the Numbers: Why Stories Drive Multifamily Investments](https://astudentoftherealestategame.com/beyond-the-numbers-why-stories-drive-multifamily-investments/) - Picture this - you arrive on a site tour and you're met with overgrown landscaping, trash littered across the property, and a leasing office that’s completely deserted. The gutters sag with years of neglect and a quick search reveals a reputation marred by poor Google reviews, an outdated website, and minimal online presence. It’s clear
- [10 Things I’m Pondering Going into 2025](https://astudentoftherealestategame.com/10-things-im-pondering-going-into-2025/) - Typically, at this time of the year I’m down in Florida, enjoying some time in the sun with my family. However, this year is a bit different. We’re patiently waiting a new baby, providing some extra time to ponder the year ahead. It’s the calm before the storm. Nobody needs another year-end roundup or set
- [What is an ‘Atlas Deal’?](https://astudentoftherealestategame.com/what-is-an-atlas-deal/) - The deal had everything we look for: a clear value-add story, forced seller, and it was in a high-growth pocket within a city we’re bullish on. We structured a creative back-door equity participation with the seller, and we had pre-existing relationships with the preferred equity provider (decision-maker) and lender, who was on board to restructure
- [Hard Won Insights and a Single-Minded Focus on Multifamily Real Estate Investing](https://astudentoftherealestategame.com/hard-won-insights-and-a-single-minded-focus-on-multifamily-real-estate-investing/) - This week, I was sitting in a conference room in Fort Lauderdale, surrounded by prominent multifamily investors. We were having a closed-door, off-the-record conversation about all things multifamily. I was in heaven. I got to ask questions and hear insights from experienced multifamily investors who have been through cycles, grown platforms, and experienced failure.
- [The Evolution of a Private Real Estate Investment Company Continued…](https://astudentoftherealestategame.com/the-evolution-of-a-private-real-estate-investment-company-continued/) - In early 2023 I wrote about the evolution of Atlas, highlighting our transition from JV structures to owning deals without partners, from buying 70’s/80’s vintage assets to focusing on 2000 and newer, and from syndicating deals to raising capital from a mix of HNW, family office, and other private capital sources. It’s been an
- [Is it too Early to Buy Multifamily?](https://astudentoftherealestategame.com/is-it-too-early-to-buy-multifamily/) - We all know the famous Warrant Buffet quote, “be fearful when others are greedy and greedy when others are fearful”. It’s a saying that gets thrown around often these days, but not one that’s applicable to the current multifamily market. There’s general optimism in the market and plenty of capital waiting to be deployed for
- [The Truth about Real Estate’s Latest Dirt Word: “Syndication”](https://astudentoftherealestategame.com/the-truth-about-real-estates-latest-dirt-word-syndication/) - In real estate, when the market is hot and values/cash flows are increasing, every mistake gets overlooked. When the market turns (and it always does), investors scrutinize everything. However, in today’s world where anyone can produce media, it’s not just investors who scrutinize, it’s anon Twitter accounts, newsletters, niche media sites etc. In real
- [Buying Value-Add Multifamily in the Southeast: A Differentiated Strategy](https://astudentoftherealestategame.com/buying-value-add-multifamily-in-the-southeast-a-differentiated-strategy/) - “We buy value-add multifamily properties in high-growth Southeast markets.” There isn’t a more popular or less differentiated strategy in the multifamily space today. This prevalent investment strategy was especially apparent after spending a few days at NMHC talking to brokers, investors, and other operators. While it’s important to keep your pulse on the market, there’s
- [5 Things I’m Pondering Going into 2024](https://astudentoftherealestategame.com/5-things-im-pondering-going-into-2024/) - We made it. 2023 was by far the most difficult of my professional career which started in 2011. I dealt with a myriad of deal and market-related issues; uncapped floating rate debt straining cash flows, raising preferred equity behind an agency loan, inability to access construction financing, complex capex challenges in an environment with no
- [Rise of the Boutique Airbnb](https://astudentoftherealestategame.com/rise-of-the-boutique-airbnb/) - One of the trends in real estate I’m most interested in is the rise of experience-focused boutique resorts. These are typically 10 units or less, independently owned and managed, and provide a unique/hospitality-driven experience. These opportunities are made possible by booking platforms such as Airbnb and VRBO and supercharged by social media (Instagram/Tik-Tok/YouTube). What gets
- [Fall 2023 State of the Multifamily Market – Time for Optimism](https://astudentoftherealestategame.com/fall-2023-state-of-the-multifamily-market-time-for-optimism/) - Although it’s only been a few months since my last state of the multifamily market update, I feel like it’s time to write another one. That post is not dated by any means but needs to be expanded upon. The world is changing rapidly, pessimism has crept in, rates being higher for longer is becoming
- [Is there such thing as Alpha in Value-Add Multifamily Investing? Absolutely!](https://astudentoftherealestategame.com/is-there-such-thing-as-alpha-in-value-add-multifamily-investing-absolutely/) - The value-add multifamily (“VAM”) business was the darling of real estate investing over the past decade. In a zero interest rate environment where capital flooded the space, it was impossible to do wrong. The more you bought and the more aggressive floating rate debt you used, the better you performed. What a time! Things have
- [How to Make the Most of Your Time as a Real Estate Graduate Student](https://astudentoftherealestategame.com/how-to-make-the-most-of-your-time-as-a-real-estate-graduate-student/) - Let's face it, even in this economic environment, committing to be a full-time student in your late twenties and forgoing income is a huge sacrifice. With such a high opportunity cost, students really must make the most of their time in school and take advantage of all the opportunities available to them. So how can
- [Seth Godin on Social Networking: What Matters is REAL Relationships](https://astudentoftherealestategame.com/seth-godin-on-social-networking-what-matters-is-real-relationships/) - When thinking about social networking Seth Godin reminds us that what matters is real relationships. "Networking is always important when it's real and it's always a useless distraction when it's fake." Don't get seduced by "fake networking." What you need to keep track of is the number of people you will go out of your
- [Real Estate Investment Banking: What is it and is it the right career for you?](https://astudentoftherealestategame.com/real-estate-investment-banking-what-is-it-and-is-it-the-right-career-for-you/) - To me, real estate investment banking always seemed like a glamorous aspect of the business, however until today, I didn't really know what it was or what it involved. The Stern Real Estate club held a "lunch and learn" event featuring speakers from the Goldman Sachs and Citibank real estate groups. The speakers discussed their
- [ASotREG Turns 1](https://astudentoftherealestategame.com/asotreg-turns-1/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ custom_padding=”54px|0px|16px|0px|false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”27px|0px|8px|0px|false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I can’t believe that I’ve only been blogging for 1 year! At this point, I spend hours everyday thinking about future posts, tweaking the design, seeking guest posts,
- [Wildwood Crest, NJ - An Example for Potential Real Estate Opportunities in Beach Towns](https://astudentoftherealestategame.com/wildwood-crest-nj-an-example-for-potential-real-estate-opportunities-in-beach-towns/) - Growing up in the Philadelphia area, summers were spent down the Jersey Shore or just "the shore". For me, that meant weekends with friends and family in Wildwood Crest. Having spent the last few days down the shore, I decided to write a locally-focused post. I'm not too in-tune with the local market, however I've
- [Hodara Real Estate Group is "Making Moves"](https://astudentoftherealestategame.com/hodara-real-estate-group-is-making-moves/) - Alex Hodara is not your typical business owner. Founding Hodara Real Estate Group while still in college without a penny of outside investment, he's since grown a successful business and launched an academy, a development arm, a property management company, a record label and realty TV show. Alex is a prime example of what can be done
- [How I Approach my Job Search - Part I](https://astudentoftherealestategame.com/how-i-approach-my-job-search-part-i/) - This is the first of a multi-part series in which I explain the process which I'm going through to land a job. This first post covers my general approach to job searching (keep in mind the fact that I have been unsuccessful thus far). As I wrap up my final semester at NYU Schack I have
- [How I approach my Job Search - Part II](https://astudentoftherealestategame.com/how-i-approach-my-job-search-part-ii/) - In the first part of this series I discussed very generally how I go about my job search, focusing on how critical it is to refine your interest and network by conducting as many informational interviews as possible. As a recent college graduate or current student, you have an unbelievable network at your disposal. Utilize friends, family and alumni to network
- [How I Approach my Job Search - Part III](https://astudentoftherealestategame.com/how-i-approach-my-job-search-part-iii/) - In the first part of this series I gave general tips on how to go about your real estate job search, then I followed it up with a post about obtaining informational interviews. In part III I'm going to walk you through one of the more creative methods I'm using to obtain that dream job.
- [How I Approach my Job Search Part IV](https://astudentoftherealestategame.com/how-i-approach-my-job-search-part-iv/) - I originally sent this out as part of the ASotREG newsletter, but due to requests, I decided to post it for everyone to see.In the first part of this series I covered general tips on how to go about your real estate job search, I then followed it up with a post about obtaining informational interviews, and
- [How I Approach my Job Search Part V - The Recession-Proof Graduate](https://astudentoftherealestategame.com/jobsearchpartv/) - After the popularity of 'How I Approach my Job Search Parts I, II, III, IV I decided to venture into a part V, not because I'm full of job search ideas, but because I came across an e-book that takes exactly what I'm trying to accomplish and conveys it much better than I ever could. The e-book
- [My Last Days as a Student...in the Traditional Sense of the Word](https://astudentoftherealestategame.com/my-last-days-as-a-student-in-the-traditional-sense-of-the-word/) - On Monday I finished up my last exam as a student at the NYU Schack Real Estate Institute. Although I loved every moment at NYU Schack (all 2 years), I'm extremely excited to move on and begin the next chapter of my real estate career. I'll follow-up with a more substantial wrap-up post, but what
- [How to Build a Great Business Network and Reputation](https://astudentoftherealestategame.com/how-to-build-a-great-business-network-and-reputation/) - One of the most challenging aspects about being an entrepreneur in real estate is raising capital. However, if your passionate about your objective, have realistic goals, have a reputation and network commensurate with those objectives, the money will come. The question remains, how do you build a great business network and reputation? Always do the very best you
- [Interview - The Urban Village Concept Redefines the Apartment Community](https://astudentoftherealestategame.com/interview-the-urban-village-concept-redefines-the-apartment-community/) - It only takes two things to turn a group of people into a strong community; a shared interested and a way to communicate. Peter Slaugh, the founder of of Su Casa Properties, harnesses this through his Urban Village concept which rethinks how tenants interact within an apartment community. Peter was nice enough to tell me a bit more about
- [Compstak - A Marketplace for CRE Lease Comps](https://astudentoftherealestategame.com/compstak-a-marketplace-for-cre-lease-comps/) - Throughout my brief career in commercial real estate, I've seen a lot of innovation. From 3D mapping, mobile, and retail tech, to the data space, tech-related start-ups are proliferating. I was lucky enough to be part of a test group for Compstak, a new crowd-sourced database of lease comparables launching in New York City. Compstak is destined
- [The Streets of Philadelphia](https://astudentoftherealestategame.com/the-streets-of-philadelphia/) - I spent this spring-like afternoon wandering the streets of Philadelphia. Although I grew up in the Philly suburbs, I don’t know the city particularly well. Living in New York City for the past 3 years and studying real estate has given me an appreciation for urban design so aimlessly meandering through city streets has become
- [Read Everything](https://astudentoftherealestategame.com/read-everything/) - I recently had the pleasure of interviewing Dr. Peter Linneman for a series the ULI Young Leaders Committee is doing. I don’t want to give away too much of the interview, but there was one response that I wanted to share with you. I asked Dr. Linneman, how can young real estate professionals differentiate themselves
- [Working for a Big Company versus a Small Company](https://astudentoftherealestategame.com/working-for-a-big-company-versus-a-small-company/) - Last week I referenced the interview I did with Dr. Peter Linneman, one of the leading real estate minds. His answers were so insightful, they’re worthy of 3 or 4 blog posts, but there was one more answer that I wanted to highlight. I asked Dr. Linneman for his thoughts on young professionals working for
- [What are you Wrestling with?](https://astudentoftherealestategame.com/what-are-you-wrestling-with/) - One thing I've learned from working full-time for the past year is that it's very easy to get blinded by your interests. As an active real estate firm, we want to do lots of deals and create strong risk adjusted returns for our investors. However, we shouldn't just do what we're doing without wrestling with
- [Speaking With The Master of the Real Estate Game](https://astudentoftherealestategame.com/speaking-with-the-master-of-the-real-estate-game/) - As many of you know, the inspiration for this blog title came from Bill Poorvu’s popular book, The Real Estate Game. The book was recommended to me by a family friend while I was in college. Nearly 8 years later, the book still sits on my desk, filled with highlighter and tabs. There's a not
- [Career Series – What it takes to be Jonathan Miller](https://astudentoftherealestategame.com/career-series-what-it-takes-to-be-jonathan-miller-2/) - I’m excited to bring you the first installment of the ASotREG career series. This ongoing series explores the various career options in real estate and explains what to expect as a junior person, the highly coveted skills, typical career paths, and how to succeed in each sector with insights from accomplished professionals in that field.
- [A Student Pursuing the Real Estate Game: How to Land a Job While Still in College](https://astudentoftherealestategame.com/a-student-pursuing-the-real-estate-game-how-to-land-a-job-while-still-in-college/) - I spend a lot of time talking to undergrads interested in getting involved in real estate. Typically, they know little about the real estate business, its various sub-sectors, and how to break into the business. However, I had a recent conversation with a Tufts undergrad who really impressed me. He was doing everything right. Rather than
- [42 Floors: Making NYC Office Search Simple (and Beautiful)](https://astudentoftherealestategame.com/42-floors-making-nyc-office-search-simple-and-beautiful/) - Recently launched in NYC, 42 Floors helps companies find office space and create their dream office. 42 Floors aggregates listings complete with details, great photos, and the ability to customize results. Once you find that perfect space, 42 Floors helps design, furnish, and create a great work environment.
- [How to Prepare for a Career in Real Estate](https://astudentoftherealestategame.com/how-to-prepare-for-a-career-in-real-estate/) - I’ve had a number of calls recently with undergrads looking to break into the real estate business. Without fail, they ask me what they should be doing to prepare for a career in real estate. Aside from internships and informational interviews of course, here are a few of the things that I think will give
- [You Have to Earn Your Gut](https://astudentoftherealestategame.com/you-have-to-earn-your-gut/) - How many times have you heard successful investors say, when you’re in a deal and something goes wrong, trust your gut. I look at a lot of deals. Typically, a deal will come across my desk through a broker or friend and I’ll do a quick back-of-the-envelope analysis. If the deal looks appealing after the
- [How to Land a Job with a Start-Up Real Estate Firm](https://astudentoftherealestategame.com/how-to-land-a-job-with-a-start-up-real-estate-firm/) - Upon completing your education you’ll be faced with a decision; go work for a large institutional-quality firm which demands professionalism and attention to detail, but inherently forces you to specialize; or work for a start-up firm where you’ll be involved in all the decision-making whether for good or bad. Personally I’m attracted to the small
- [Career Series - Real Estate Debt: What would you say you do here?](https://astudentoftherealestategame.com/career-series-real-estate-debt-what-would-you-say-you-do-here/) - One of my goals for 2013 was to do more career-related posts. So I bugged a bunch of my friends and luckily I was able to coerce a few to put together a “day in the life” post. This first one comes from J.P. Harlow, an associate with a well-respected bank. Enter J.P. Harlow Joe
- [Career Series - What it's Like Working for the Redevelopment Group of a Public REIT](https://astudentoftherealestategame.com/career-series-what-its-like-working-for-the-redevelopment-group-of-a-public-reit/) - For the next installment of the ASotREG Career Series,my good buddy Justin Chu discusses his unique role within the redevelopment group of a large apartment REIT. What stands out to me about Justin's career is the unique path he's taken; from lending, to investment, now a project manager, and one day an entrepreneur. It goes to show
- [What to Expect and How to Prepare for an Interview in Real Estate Private Equity Part II](https://astudentoftherealestategame.com/what-to-expect-and-how-to-prepare-for-an-interview-in-real-estate-private-equity-part-ii/) - A few months ago, I published part I of a series of posts that walk through the interview process with real estate private equity firms. Part I covered the first two interviews. In part II, my buddy covers the 3rd and 4th round interviews. Round 3: The Technical Test As discussed in Part I, the
- [Career Series - The Real Estate Student Entrepreneur](https://astudentoftherealestategame.com/career-series-the-real-estate-student-entrepreneur/) - Over the last few months, with the help of friends, I've been highlighting the various roles one can play in real estate (it's endless). Up to this point I've neglected the most sought-after role - the entrepreneur. Most people I know are not in the real estate business to be employees; they want to start their own firms and
- [Career Series – Real Estate Investment Banking](https://astudentoftherealestategame.com/career-series-real-estate-investment-banking/) - I talk to a lot of undergrads who say they want to get into real estate investment banking, but have no idea what it consists of. I tracked down a fellow NYU Schack grad working in real estate investment banking and asked him to share some insight into his day-to-day. Enter Chase: Joe once wrote
- [Career Series - What it's Like Working in the CMBS Group of a Major Investment Bank](https://astudentoftherealestategame.com/career-series-what-its-like-working-in-the-cmbs-group-at-a-major-investment-bank/) - Over the past few weeks I’ve spoken with numerous college seniors looking to break into real estate. Each of them is happy to report that the hiring market is beginning to pick up; they’re seeing more opportunities, getting more interviews, and generally have increased optimism. One sector of the market which has seen a lot
- [Career Advice from 3 College Seniors Who’ve Landed Jobs with Top Real Estate Firms](https://astudentoftherealestategame.com/career-advice-from-3-college-seniors-whove-landed-jobs-with-top-real-estate-firms/) - I have a lot of calls with college students looking to break into the real estate business and young professionals looking to grow their careers. The advice I give is typically grounded in personal experience. However, since joining Atlas Real Estate Partners two years ago, I haven’t had any direct exposure to the job market.
- [A Note to College Seniors: There’s no Wrong Place to Begin a Career in Real Estate](https://astudentoftherealestategame.com/a-note-to-college-seniors-theres-no-wrong-place-to-begin-a-career-in-real-estate/) - As college seniors approach graduation and prepare for a career in real estate, many are left without job offers. It wasn’t too long ago that I was a college senior and had no clue what I was going to do post-graduation. For much of the senior spring semester I had a laser focus on obtaining
- [Realty Mogul: The Future of Real Estate Investing](https://astudentoftherealestategame.com/realty-mogul-the-future-of-real-estate-investing/) - This week I had the opportunity to catch up with Jilliene Helman, the visionary behind the real estate crowdfunding site, Realty Mogul. While the sharing economy has exploded for tangible goods, the sharing of capital is a relatively new concept. We’ve seen peer-to-peer lending sites such as Lending Club grow rapidly, however crowdfunding for real
- [Challenges of Transitioning from a Real Estate Operator to an Allocator](https://astudentoftherealestategame.com/challenges-of-transitioning-from-a-real-estate-operator-to-an-allocator/) - I always tell people that there is no linear career path in real estate. While this is undoubtedly true, there's an art to transitioning from one sector to another sector of the real estate business. I had a call a few months back with a young real estate professional who was looking to move from
- [Real Estate Professionals are above all else Entrepreneurs](https://astudentoftherealestategame.com/real-estate-professionals-are-above-all-else-entrepreneurs/) - I actually wrote this post a few months ago, but was hesitant to publish it. After giving it some deeper thought, I believe this to be true. In my first blog post ever, I said “real estate is a great business and career because of the people.” Working in the business for the last 3
- [Content Discovery: Value Hound – A Community of Real Estate Value Investors](https://astudentoftherealestategame.com/content-discovery-value-hound-a-community-of-real-estate-value-investors/) - I’m back from my two week European vacation and I have lots of great content lined up for the next few months. I’ve found that it’s extremely important for me to shut down the engines every once in a while, as challenging as that may be. I always return full of inspiration and enthusiasm. I
- [How I Stay on Top of the Market](https://astudentoftherealestategame.com/how-i-stay-on-top-of-the-market/) - While my days are often filled with meetings, calls, and emails, I think it’s important to carve out an hour or so each day to stay atop the market. This is just as much a part of my job as is my daily responsibilities. It’s from these articles, interviews, and research that I get my
- [10 Telltale Signs that Real Estate Might be the Career for You](https://astudentoftherealestategame.com/10-telltale-signs-that-real-estate-might-be-the-career-for-you/) - I spend a lot of time chatting with college students and young professionals interested in a career in real estate. I always ask what draws them to the real estate business and they often cite their interest in finance, but desire to work within a tangible asset class. While that’s a prerequisite, there are some
- [A Day in my Life at a Boutique Real Estate Investment Firm](https://astudentoftherealestategame.com/a-day-in-my-life-at-a-boutique-real-estate-investment-firm/) - I talk to a lot of young real estate professionals who believe they want to work for a small firm. They cite the fact that they want to see all decisions made (good and bad), be involved in every aspect of a deal, and have a material impact on the firm. Getting in early at
- [Real Estate is About Relationships, Period](https://astudentoftherealestategame.com/real-estate-is-about-relationships-period/) - In the past week I’ve gotten multiple emails from aspiring real estate professionals asking me what advice I'd give them as they get started in their careers. The answer is easy - the best thing you can do is network. I think people often misunderstand the concept of networking; it’s not attending every industry event
- [Real Estate is a Local Business](https://astudentoftherealestategame.com/real-estate-is-a-local-business/) - I was at a Tufts real estate event a few weeks back and during an open discussion the prominent speaker was asked: what can young people do to position themselves for success in real estate? His response was fairly generic, but one aspect of his answer stood out to me. He said that young people
- [How to Change Careers and Transition into Real Estate](https://astudentoftherealestategame.com/how-to-change-careers-and-transition-into-real-estate/) - By far one of the most common questions I get is about changing careers and transitioning into real estate. This is no easy task and presents a series of challenges, but I think it can be done if you take the right approach. The Challenge You have an unconventional background and you’re interested in getting
- [Real Estate can be a Complicated Business](https://astudentoftherealestategame.com/real-estate-can-be-a-complicated-business/) - “Real estate is not an overly complicated business” is a common sentiment I hear. Historically, that was true. Real estate was a business made up of small local players who financed properties through local bank relationships and raised equity from the neighborhood doctor or attorney, but as the business became institutionalized, it’s become increasingly complex.
- [What We Learned Over 4 Years of Running Our Own Real Estate Investment Firm](https://astudentoftherealestategame.com/what-we-learned-over-4-years-of-running-our-own-real-estate-investment-firm/) - Last week, Atlas Real Estate Partners co-founders, Arvind Chary and Alex Foster spoke to a packed room of Columbia University MSRED and Business School students. I have a slight bias, but I thought it was one of the more engaging real estate talks that I've heard, and based on the sheer number of questions asked
- [The Real Estate Topics We Spend Our Time Thinking About](https://astudentoftherealestategame.com/the-real-estate-topics-we-spend-our-time-thinking-about/) - The past Friday I represented Atlas at the Columbia Business School Real Estate Career Forum. The Columbia Club was packed with blue chip firms. Our table was sandwiched between the behemoths of Blackrock and Clarion Partners, so in an attempt to stand out and engage the students, we created a one-pager with the topics that
- [How Real Estate Firms Can Organically Attract Potential Investors](https://astudentoftherealestategame.com/how-real-estate-firms-can-organically-attract-potential-investors/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]As a real estate investment firm, the ability to scale and grow your business comes down to a few things; access to good deals, efficiently managing the investor origination and reporting process, and
- [Efficiently Raising Capital for Private Real Estate Deals](https://astudentoftherealestategame.com/efficiently-raising-capital-for-private-real-estate-deals/) - I was at a breakfast round-table discussion with a bunch of bigwig private equity fund managers and the conversation centered largely on the challenges of raising capital. While I don’t know much about the institutional fundraising process, I’m intimately familiar with syndicating real estate deals to a group of HNW investors. It’s an extremely cumbersome
- [The Increasing Importance of Property Operations](https://astudentoftherealestategame.com/the-increasing-importance-of-property-operations/) - I talk to a lot of students and aspiring real estate professionals and the vast majority want to be deal guys. They want to be the rainmakers working in acquisitions, wheeling and dealing. While acquisitions is sexy, it’s becoming increasingly important to be a good at operations. As part of a lean team, I’m involved
- [Cardinal Group - Embracing Creativity and Passion](https://astudentoftherealestategame.com/cardinal-group-embracing-creativity-and-passion/) - I’ve been spending a lot of my time recently thinking about entrepreneurship. What I’m beginning to realize is that it’s challenging, maybe impossible, to understand what it’s like to be an entrepreneur without confronting the fear and saying to the world, “I made this”. However, the next best thing is to share someone else’s story.
- [Working for an Institutional Versus Entrepreneurial Real Estate Shop](https://astudentoftherealestategame.com/working-for-an-institutional-versus-entrepreneurial-real-estate-shop/) - In my conversations with undergrads and business school students interested in real estate, the conversation always tends to cover whether to take the institutional route by working for a large organization or the entrepreneurial route by working with a small shop. While my general advice to undergrads is to not worry about where you start,
- [When Should You Start Your Own Real Estate Firm](https://astudentoftherealestategame.com/when-should-you-start-your-own-real-estate-firm/) - One of the aspects that make real estate such a great career is that it is made up of so many entrepreneurial-minded professionals. Most professionals in the business want to eventually go off and do their own deals. However, the challenge every real estate professional faces is determining when is the right time to go out
- [Park Street Partners - Finding Opportunity in Unsexy Assets](https://astudentoftherealestategame.com/park-street-partners-finding-opportunity-in-unsexy-assets/) - Last week I published a post about the ideal time to start your own investment firm where I highlighted the importance of having the requisite skill-set, a trusted network, and some sort of a competitive advantage. However, sometimes there are outside influences which can lead you to starting your own firm. Brad Johnson, co-founder of Park Street Partners,
- [MM Partners - Revitalizing Historic Brewerytown](https://astudentoftherealestategame.com/mm-partners-revitalizing-historic-brewerytown/) - One the great things about the authoring this blog is that it gives me an excuse to reach out to and connect with smart guys who are doing interesting things. One such group is MM Partners. Based in my hometown of Philly, MMP is revitalizing underused spaces in the historic Brewerytown neighborhood. MMP isn't just doing
- [The Best Way to Learn the Real Estate Business](https://astudentoftherealestategame.com/the-best-way-to-learn-the-real-estate-business/) - Over the past few days I’ve met with a number of guys in their mid to late twenties who've been in high-paying finance jobs, but have the desire to transition into the real estate business. The most common question I get from them is how to learn the fundamentals of the real estate business and
- [Mascia Development - Applying a Nationwide Real Estate Value Investing Strategy](https://astudentoftherealestategame.com/mascia-development-applying-a-nationwide-real-estate-value-investing-strategy/) - Real estate professionals don’t get into the business because they want to be lifelong employees, they want to be entrepreneurs. Over the past few months I’ve shared the stories of various real estate entrepreneurs including David Waxman of MM Partners and Brad Johnson of Park Street Partners. David and Brad each carved out a specialized
- [Want to Thrive in Real Estate? Think Differently](https://astudentoftherealestategame.com/want-to-thrive-in-real-estate-think-differently/) - There’s a common sentiment among real estate professionals that as the real estate business becomes more institutionalized and efficient, there will be less quality buying opportunities (mispricings). While the availability of high quality data and a move toward a national MLS will lead to more efficient pricing, there are endless opportunities for creative real estate
- [The Psychology behind Selling Real Estate](https://astudentoftherealestategame.com/the-psychology-behind-selling-real-estate/) - Over the past few months, I’ve been involved in the disposition of a number of assets. Throughout the process, we’ve tested a variety of strategies and I wanted to share a few insights into what’s worked and what hasn’t. While this doesn’t apply to every asset class or market, these are things every seller should
- [CrowdStreet - Investing in Real Estate Simply](https://astudentoftherealestategame.com/crowdstreet-investing-in-real-estate-simply/) - The real estate community can't seem to get enough of real estate crowdfunding; endless media coverage, conferences, and general chatter professionals. It's all for good reason, crowdfunding is going to disrupt both the equity and debt sides of the business. I caught up with Darren Powderly, founder of CrowdStreet, a leading real estate equity crowdfunding
- [NeWell: Rethinking Apartment Design](https://astudentoftherealestategame.com/newell-rethinking-apartment-design/) - I always tell people that one of the great aspects of the real estate business is that people who can think creatively, do things a bit differently, and have the talent to execute, can be very successful. Over the past 5 years I've been following the work of Alex Hodara, Vin Vomero, and Jeffrey Zucker,
- [68 Challenges of Starting and Growing a Real Estate Investment Firm. And Counting.](https://astudentoftherealestategame.com/68-challenges-of-starting-and-growing-a-real-estate-investment-firm-and-counting/) - I’ve spent the past 4 years working for a start-up real estate investment firm. When I joined the company in early 2011, the partners had just closed their 2nd deal, had no website, and no office space. Now, 4 years later, the company has done 30 transactions, hired a team, built out our office space,
- [Michael Rabin on Launching Fortified Property Group](https://astudentoftherealestategame.com/michael-rabin-on-launching-fortified-property-group/) - I hope you all had a great Thanksgiving. It's my favorite holiday because there's no expectations. It's a time for family, friends, food, wine, and relaxation. Over my past 4 years working at Atlas Real Estate Partners we've closed on 30 deals. While we’ve learned a ton over that time, we still encounter countless issues
- [The Real Estate Business is Evolving. Take Advantage of it!](https://astudentoftherealestategame.com/the-real-estate-business-is-evolving-take-advantage-of-it/) - If you were a real estate professional in the 1970’s and spent the last 40 years asleep, you wouldn’t recognize the real estate business as it is today. Real estate used to be a local business where most of the buildings were owned by families. Personal relationships and asymmetries of information provided massive opportunities for
- [The Real Estate Crowdfunding Investor Checklist](https://astudentoftherealestategame.com/the-real-estate-crowdfunding-investor-checklist/) - Real estate crowdfunding provides high-net-worth investors with access to institutional-quality private real estate on a deal-by-deal basis that previously was only available through direct personal relationships. This is game-changing! However, how can non-real estate professionals make educated investment decisions in such an opaque and fragmented space? Yeah, real estate crowdfunding platforms are doing some diligence
- [What it’s Really like Working in Real Estate Private Equity](https://astudentoftherealestategame.com/what-its-really-like-working-in-real-estate-private-equity/) - I talk to a lot of aspiring real estate professionals and many of them want to get into real estate private equity. In fact, two of the most highly-trafficked posts on the blog are about navigating the real estate private equity interview process (part I / part II). Real estate private equity is an appealing
- [Making Career Moves in Real Estate: The Things I Learned Transitioning from a Hedge Fund to a Real Estate Investment Firm](https://astudentoftherealestategame.com/making-career-moves-in-real-estate-the-things-ive-learned/) - The blog has always been a mix of personal insights and guest posts from guys I think are smart and doing interesting things. Guest posts are great because they provide a perspective that I can’t. For instance, I get a ton of career-related questions, and while I can provide general advice, I haven’t looked for
- [Real Estate is an Unsexy Business](https://astudentoftherealestategame.com/real-estate-is-an-unsexy-business/) - For the young people out there who read headlines in the WSJ, NY Times or other publications regarding massive property purchases, recapitalizations of shiny towers and so forth and find it very appealing/sexy, I’m going to let you in on a little secret. I work for an owner/operator, which means we run the entire deal
- [Top 100 Commercial Real Estate Company Websites](https://astudentoftherealestategame.com/top-100-commercial-real-estate-company-websites/) - When working on the redesign of the Atlas Real Estate Partners website, I personally reviewed 1,000’s of real estate company sites and pulled elements from what I thought to be the best in terms of design, functionality, innovation, and branding. Through this process I learned that real estate firms generally don’t care about branding and
- [The 5 Minute Deal Screening Checklist](https://astudentoftherealestategame.com/the-5-minute-deal-screening-checklist/) - In my role as the VP of Acquisitions, a lot of deals come across my desk. However, 9 out of 10 aren’t worth looking at. If I couldn’t sift through those deals efficiently I wouldn’t get anything done. A frequent question I get from aspiring real estate entrepreneurs is how do you quickly screen deals
- [9 Ways Real Estate Sponsors Can Build Trust with Investors](https://astudentoftherealestategame.com/9-ways-real-estate-sponsors-can-build-trust-with-investors/) - The emergence of real estate crowdfunding (online syndication as I like to call it) has completely altered the way real estate sponsors need to conduct business. No longer is capital raised from a closed group of friends & family investors, private real estate deals are now open to all accredited investors and soon anyone with
- [John Drachman on Launching Stillwater Investment Group](https://astudentoftherealestategame.com/john-drachman-on-launching-stillwater-investment-group/) - When I started this blog in January 2009, a big focus was providing reviews on the various graduate real estate programs. I’d message recent grads through LinkedIn and ask them if they were willing to share insights into their experience. Most were receptive because there was so little information out there. One of the first
- [My Top 5 Tools for Real Estate Job Seekers](https://astudentoftherealestategame.com/my-top-5-tools-for-real-estate-job-seekers/) - One of the unexpected benefits of writing the blog has been connecting with old friends over our shared passion for real estate. A few years back I reconnected with a buddy from high school I hadn’t spoken with in years. He was searching for a new job in real estate and reached out to chat.
- [10 Questions Crowdfunding Investors Should Ask Before Investing](https://astudentoftherealestategame.com/10-questions-crowdfunding-investors-should-ask-sponsors-before-investing-in-a-deal/) - Real estate crowdfunding regulation has brought the world of private real estate online and opened it up to everyone. While this fragmented investment space is slowly becoming more transparent, it’s still challenging for non-real estate professionals to make informed investment decisions. In an earlier post I shared my real estate crowdfunding investor checklist, highlighting the
- [Arx Urban – A New Generation of Real Estate](https://astudentoftherealestategame.com/arx-urban-a-new-generation-of-real-estate/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]As I advance in my real estate career, I’m beginning to see buddies leave their institutional shop to launch their own venture. A good friend of mine, Benjie Moll, recently founded Arx Urban,
- [ASotREG Interview: Dr. Peter Linneman on Real Estate Careers](https://astudentoftherealestategame.com/asotreg-interview-dr-peter-linneman-on-real-estate-careers/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Last week I had the honor of interviewing Dr. Peter Linneman for the blog. For the few who may not be familiar with Dr. Linneman, he is one of the top minds in
- [Why I’m Concerned About Real Estate Crowdfunding](https://astudentoftherealestategame.com/why-im-concerned-about-real-estate-crowdfunding/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Real estate crowdfunding is disrupting real estate finance by moving real estate capital raising online and making it open to everyone, thus disintermediating the middlemen. While I’m a huge advocate of real estate
- [My Take on Tom Barrack’s 15 Rules for Success](https://astudentoftherealestategame.com/my-take-on-tom-barracks-15-rules-for-success/) - The real estate community is filled with successful investors and developers who are viewed as celebrities such as Howard Marks, Sam Zell, Mort Zuckerman, and Stephen Ross. They’re known for their big investment successes, pontificating, and the wisdom they pass along to the real estate community. Sam Zell has the Zell’s Fundamentals, a list of
- [Scott Scharlach on Launching a Value-Focused Retail Investment Firm](https://astudentoftherealestategame.com/scott-scharlach-on-launching-a-value-focused-retail-investment-firm/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I love interviewing real estate entrepreneurs who’ve recently launched their company. They’re passionate, energetic, and full of actionable advice. In my latest investor spotlight, I chat with Scott Scharlach of Progression REI. Scott’s
- [How to Thrive at a Boutique Real Estate Shop](https://astudentoftherealestategame.com/how-to-thrive-at-a-boutique-real-estate-shop/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]If you sign up for the ASotREG mailing list, the first email you get from me asks, “If I could write one real estate-related thing to make your day better, what would it
- [Top 10 Steps When Reviewing A Passive Real Estate Investment Opportunity](https://astudentoftherealestategame.com/top-10-steps-when-reviewing-a-passive-real-estate-investment-opportunity/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Prior to the JOBS Act, accredited investors had to have personal relationships with real estate operators in order to access direct real estate investments. Now, through real estate crowdfunding portals, anyone can invest
- [10 Telltale Signs You Should Avoid a Deal](https://astudentoftherealestategame.com/10-telltale-signs-you-should-avoid-a-deal/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]The other day I was talking to a seasoned investor who’s actively reviewing deals on the various crowdfunding platforms. He was digging into a single-family fix & flip investment on one of the
- [Returns Metrics that Matter When Underwriting a Potential Real Estate Investment](https://astudentoftherealestategame.com/returns-metrics-that-matter-when-underwriting-a-potential-real-estate-investment/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Over the past few months I’ve shared various checklists to help you avoid bad deals and sift out the quality deals and quality operators. One of the critical aspects to evaluating a deal
- [Drones for Real Estate Use is Taking Off](https://astudentoftherealestategame.com/drones-for-real-estate-use-is-taking-off/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]Everywhere you look, you hear about how drones are being utilized in the real estate and construction industries. Over the summer, my brother-in-law and I played around with a drone (he flew, I watched), capturing aerial
- [We Cannot Predict the Future, We can Only Prepare](https://astudentoftherealestategame.com/we-cannot-predict-the-future-we-can-only-prepare/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I was on a real estate entrepreneurship panel at NYU Schack last week and was asked, “what can real estate companies do to prepare for a potential market correction?” While the real estate
- [10 Tax Questions For Real Estate Crowdfunding Investors](https://astudentoftherealestategame.com/10-tax-questions-for-real-estate-crowdfunding-investors/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Over the past few months, I’ve been spending a lot of time helping investors navigate the world of passive real estate investing. While it’s critically important to avoid bad deals, understand the return
- [8 Challenges of Starting a Real Estate Investment Firm in Today’s Hot Market](https://astudentoftherealestategame.com/8-challenges-of-starting-a-real-estate-investment-firm-in-todays-hot-market/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Real estate is an entrepreneurial business where almost everyone aspires to do their own deals. That’s part of what makes it so interesting. There are a lot of really smart professionals out there eager
- [Wall Street Lawyer Turned Real Estate Investor Finds Success in Multifamily Investing](https://astudentoftherealestategame.com/wall-street-lawyer-turned-real-estate-investor-finds-success-in-multifamily-investing/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I first met Jonathan Twombly at the Harvard Club in Midtown NYC. Over lunch Jonathan shared his career story, describing how he transitioned from Wall Street attorney to real estate entrepreneur. With no
- [Stage 3 Properties – Redefining Cosmopolitan Living for Urban Renters](https://astudentoftherealestategame.com/stage-3-properties-redefining-cosmopolitan-living-for-urban-renters/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I spend a lot of time showcasing real estate investment firms who have found success investing across the major food groups; multifamily, office, retail, and industrial. The entrepreneur’s career paths are in no
- [What 20 Real Estate Operators Wish They Knew When Starting Their Firm - eBook DOWNLOAD](https://astudentoftherealestategame.com/what-20-real-estate-operators-wish-they-knew-when-starting-their-firm-ebook-download/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Those of you who follow the blog closely may have noticed a subtle, yet substantial change I recently made. I’ve segregated the content into 3 core buckets; Starting you CRE Career, Starting your
- [Pura Vida: Reflections from my Costa Rican Honeymoon](https://astudentoftherealestategame.com/pura-vida-reflections-from-my-costa-rican-honeymoon/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Pura vida! It’s a phrase you hear everywhere in Costa Rica. How are you doing? “Pura vida.” Thank you very much. “Pura vida.” See you tomorrow. “Pure vida.” In English, the translation is
- [Trion Properties: How an ex-Investment Sales Broker Built a $100M Portfolio](https://astudentoftherealestategame.com/trion-properties-how-an-ex-investment-sales-broker-built-a-100m-portfolio/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I recently published an eBook detailing what 20 real estate operators wish they knew when starting their firms, which is chalk-full of great tips for aspiring real estate entrepreneurs. One of the contributors was
- [A Day in the Life at a Boutique Real Estate Development Firm](https://astudentoftherealestategame.com/a-day-in-the-life-at-a-boutique-real-estate-development-firm/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Over 2 years ago I published a post outlining a typical day for me at Atlas. Re-reading the post, it’s amazing how little has changed. Yeah we’re doing larger deals and my daily
- [10 Things To Do Before Doing Your First Deal](https://astudentoftherealestategame.com/10-things-to-do-before-doing-your-first-deal/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]This is a re-post of a guest blog I did for Joanthan Twombly’s, The Mortar blog. I wanted to share it with you directly as I think there’s a lot of good food
- [Want to Invest in Real Estate? Don’t Buy a Property, Invest Passively](https://astudentoftherealestategame.com/want-to-invest-in-real-estate-dont-buy-a-property-invest-passively/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I was talking with a potential investor from the Bay Area the other day. He has $1M to invest and is looking to create a tax-efficient diversified passive-income portfolio. He’s deciding between investing
- [How Professor Roger Staiger Teaches Real Estate Financial Modeling](https://astudentoftherealestategame.com/how-professor-roger-staiger-teaches-real-estate-financial-modeling/) - For students and young professionals just getting started in the business, learning to model real estate transactions in Excel is the single best way to differentiate yourself from the competition to land that job or stand out within your company and get promoted. Today, I literally have the guy who wrote the book on modeling real estate deals in Excel. Roger Staiger, author of Foundations of Real Estate Modeling shares insights into his book, characteristics of good financial modelers, and his best advice for learning real estate financial modeling.
- [PeerStreet - Wealthfront meets E*Trade for Real Estate Investing](https://astudentoftherealestategame.com/peerstreet-wealthfront-meets-etrade-for-real-estate-investing/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]While real estate crowdfunding is still in its infancy, we’re beginning to see new entrants introducing innovative models to the space. The biggest challenge early on has been the fact that investors typically
- [Note to Real Estate Crowdfunding Investors: The Impact of Fees & Structure on Investor Returns](https://astudentoftherealestategame.com/note-to-real-estate-crowdfunding-investors-the-impact-of-fees-structure-on-investor-returns/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]The biggest determinants of success in a real estate deal is the quality of the operator and market timing. The quality of the operator dictates deal-sourcing and structuring ability (relationships), analysis (experience and
- [How Fairway America is Disrupting the Small Balance Real Estate Space](https://astudentoftherealestategame.com/how-fairway-america-is-disrupting-the-small-balance-real-estate-space/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]The most profound change to real estate over the past several decades is the institutionalization of the business, especially as it relates to finance. Real estate has become a Wall Street business. However,
- [You're Not Ready to do Your Own Deals](https://astudentoftherealestategame.com/youre-not-ready-to-do-your-own-deals/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I recently turned 30 and have been working for Atlas for over 5 years now, which feels like a long time, but is nothing in the grand scheme of an entire career that
- [How to Make the Most of Your Summer MBA Real Estate Internship](https://astudentoftherealestategame.com/how-to-make-the-most-of-your-summer-mba-real-estate-internship/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I was at the Columbia Business School real estate career fair a few months back and the program director mentioned the CBS real estate club was larger than ever. Real estate has become
- [Note to Real Estate Crowdfunding Investors: The Importance of Risk-Adjusted Returns](https://astudentoftherealestategame.com/note-to-real-estate-crowdfunding-investors-the-importance-of-risk-adjusted-returns/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I was chatting with a friend of mine the other day who owns/operates retail assets in secondary markets on the west coast. He was telling me about the mis-pricing he’s seeing in core-plus
- [It’s Better in the Crest](https://astudentoftherealestategame.com/its-better-in-the-crest/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] Growing up, I spent every summer on the Jersey Shore. My parents have a house on Sunset Lake in Wildwood Crest, the last exit off the Parkway before hitting Cape May. I’d
- [What I Look for When Hiring a Real Estate Acquisitions Analyst](https://astudentoftherealestategame.com/what-i-look-for-when-hiring-a-real-estate-acquisitions-analyst/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]As the real estate business has become more institutionalized, the competition for roles at top-tier firms has intensified. Individuals graduating from prestigious business schools, ex-investment bankers, and real estate professionals are vying for
- [How Origin Investments Raised $4 Million in Equity in 1 Week: Part 1](https://astudentoftherealestategame.com/how-origin-investments-raised-4-million-in-equity-in-1-week-part-1/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]With the passing of the JOBs Act in 2013, private real estate investing has become much more accessible to accredited investors. This has led to the emergence of crowdfunding marketplaces and the ability
- [When Investing in Real Estate Invest with the Best Sponsor and Ignore Everything Else](https://astudentoftherealestategame.com/invest-with-the-best-sponsor/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I spend a lot of time on this blog analyzing deal structures, return metrics, risk-adjusted returns, and the impact of fees. While all that stuff is meaningful, it shouldn’t be the main driver
- [Alturas Capital: Born to be a Real Estate Entrepreneur](https://astudentoftherealestategame.com/alturas-capital-born-to-be-a-real-estate-entrepreneur/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]‘Real estate is an entrepreneurial business’ is a phrase I throw around a lot on this site. It’s true, but what does it even mean? It’s a combination of two things; first, many
- [BLDG’ing a Real Estate Firm is Harder than you can Imagine (but worth it!)](https://astudentoftherealestategame.com/bldging-a-real-estate-firm-is-harder-than-you-can-imagine-but-worth-it/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]“Real estate professionals get into the business to be entrepreneurs.” That’s a phrase I use a lot on the blog. I’ve written posts about the entrepreneurial nature of the business, the challenges of
- [Evaluating Investment Performance – A Look at the Past and Going Forward](https://astudentoftherealestategame.com/evaluating-investment-performance-a-look-at-the-past-and-going-forward/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Anyone who bought commercial real estate over the past 7 years enjoyed the benefits of cap rate compression. Many investments, despite being mismanaged or poorly operated, provided extraordinary returns for investors. When looking
- [5 Ways to be an Entreployee Within Your Real Estate Company](https://astudentoftherealestategame.com/5-ways-to-be-an-entreployee-within-your-real-estate-company/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]After reading James Altucher’s book, Choose Yourself, I’ve been devouring his content (blog, podcast, books). He’s fascinating and focuses much of his content on how to be successful in the new economy. He’s
- [How Entrepreneurial Real Estate Operators Efficiently Source and Screen Deals](https://astudentoftherealestategame.com/how-entrepreneurial-real-estate-operators-efficiently-source-and-screen-deals/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]I talk to a lot of entrepreneurial real estate operators. Some are just starting out. Others have successfully built a platform and scaled up. While others started and failed. Although there are countless
- [10 Federal: Embracing Technology to Outperform the Competition](https://astudentoftherealestategame.com/10-federal-embracing-technology-to-outperform-the-competition/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]One of the many great things about the real estate business is diversity of people and backgrounds. Throughout my series of Sponsor Features I’ve highlighted individuals who were born to be entrepreneurs and
- [Where do Great Real Estate Deals Come From? 3 Real World Examples](https://astudentoftherealestategame.com/where-do-great-real-estate-deals-come-from-3-real-world-examples/) - The most challenging aspect of doing your own real estate deals, especially early on, is sourcing great opportunities. It’s finding that first deal that you’re willing to stake your entire reputation on and go all-in. While I’ve shared the secret to deal sourcing and how entrepreneurial real estate operators efficiently source deals, the truth is
- [Attention Real Estate Investors: It’s Important to Build Relationships with Operators](https://astudentoftherealestategame.com/attention-real-estate-investors-its-important-to-build-relationships-with-operators/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]At Atlas, we have over 400 HNW individuals who’ve invested in our deals. Today, following several successful exits, the strong performance of current deals, and attractiveness of cash-flowing real estate, we have more
- [How Origin Investments Raised $10 Million of Equity in 1 Week: Part 2](https://astudentoftherealestategame.com/origin-investments-part-2/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]In September, Ben Harris, head of investor relations for Origin Investments, shared the approach that enabled Origin to raise over $4M of capital online in a single week. Ben walked through the keys
- [My Thoughts on the Massive Impact Autonomous Cars Will Have on Real Estate](https://astudentoftherealestategame.com/my-thoughts-on-the-massive-impact-autonomous-cars-will-have-on-real-estate/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] I still think autonomous cars will create more billionaires in real estate and retail than in tech or manufacturing. Just as cars did. — Benedict Evans (@BenedictEvans) August 29, 2016 Autonomous cars
- [Juniper Square: the Real Estate Investment Management System Designed to Scale](https://astudentoftherealestategame.com/juniper-square-the-real-estate-investment-management-system-designed-to-scale/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Over the past 7 years, the Atlas portfolio and investor network has grown exponentially. What started as an intimate group of friends and family, has ballooned to a robust network of 400+ individual
- [How to Source Off-Market Real Estate Deals](https://astudentoftherealestategame.com/how-to-source-off-market-real-estate-deals/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Real estate is both a local and relationship-driven business. When looking for operating partners, Atlas seeks teams who exhibit niche business strategies in well-defined geographies, local connectivity, micro-market knowledge, and a proven track
- [Why You Need an Informational and Analytical Edge in Real Estate](https://astudentoftherealestategame.com/why-you-need-an-informational-and-analytical-edge-in-real-estate/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]One of my favorite podcasts is ‘Invest Like the Best’ hosted by Patrick O’Shaughnessy. He has a mix if incredible guests from all ends of the finance world (venture capital, authors, researchers, portfolio
- [Landing Your First Analyst Job in Commercial Real Estate](https://astudentoftherealestategame.com/landing-your-first-analyst-job-in-commercial-real-estate/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Having conversations with industry experts and talking as little about yourself as possible is the best way to learn. It’s why I love the blog format so much – I get to engage
- [Why we Prefer Value-Add Deals and Long-Term Holds](https://astudentoftherealestategame.com/why-we-prefer-value-add-deals-and-long-term-holds/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Real estate firms and investors each form their own investment strategy based on their risk-tolerance, desired hold period, expertise, and target returns. Some prefer core or core-plus investments which are typically high-quality assets
- [The Real Estate Software Powering Our Growth: Featuring Dealpath](https://astudentoftherealestategame.com/the-real-estate-software-powering-our-growth-featuring-dealpath/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Over the past 7 years, Atlas has acquired 45 properties with a total deal value of ~$800M. Over that time, we’ve grown from 3 guys in a 100 SF shared office, to an
- [5 Things I learned in 2017 and 5 Goals for 2018](https://astudentoftherealestategame.com/5-things-i-learned-in-2017-and-5-goals-for-2018/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Happy belated, New Year! I hope you enjoyed the time off with friends and family, and took a much-deserved break from the daily grind of work. I used the down time to reflect
- [The Challenge (and Benefit) of Quarterly Reporting in Real Estate](https://astudentoftherealestategame.com/the-challenge-and-benefit-of-quarterly-reporting-in-real-estate/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]In the wake of new regulation and rise of real estate crowdfunding platforms, there’s been significant growth in private real estate syndications where operators pool capital from a group of high-net-worth investors to
- [The Many Futures of Urban Living](https://astudentoftherealestategame.com/the-many-futures-of-urban-living/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”54px|0px|9px|0px|false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]It’s no secret that most young professionals today prefer a 24/7 live/work/play environment. More than ever, talent is clustering in dense, urban areas. However, as jobs and people have moved back into
- [Value-Add Multifamily Deal Screening Checklist for Passive Real Estate Investors](https://astudentoftherealestategame.com/value-add-multifamily-deal-screening-checklist-for-passive-real-estate-investors/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]Passive investing in private real estate deals remains one of the best investment opportunities for long-term focused investors. Until recently, these deals were accessed through closed networks and executed entirely on
- [How to Win Marketed Multifamily Real Estate Deals](https://astudentoftherealestategame.com/how-to-win-marketed-multifamily-real-estate-deals/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]In real estate acquisitions, you seek the coveted off-market deals. These deals are more likely to be mis-priced, creating an attractive risk-return structure for operators with a track record for executing a specific
- [New ASotREG eBook - 19 Real Estate Investors Share their Top Passive Real Estate Investing Tips](https://astudentoftherealestategame.com/new-asotreg-ebook-19-real-estate-investors-share-their-top-passive-real-estate-investing-tips/) - Tips for passive real estate investors.
- [Integrating Data Across the Real Estate Life-Cycle](https://astudentoftherealestategame.com/integrating-data-across-the-real-estate-lifecyle/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]As the real estate industry becomes more institutionalized, there is greater demand for quality data. Data is the key to making informed decisions. Having a solid grasp of the current cap rates, financing
- [The One Book Every Student of the Real Estate Game Must Own](https://astudentoftherealestategame.com/the-one-book-every-student-of-the-real-estate-game-must-own/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]A key tenet of ‘A Student of the Real Estate Game’ is to never stop learning. In my day-to-day as a real estate professional, I spend a majority of my time in the
- [What Happens to Class B/C Apartment Investments During a Downturn?](https://astudentoftherealestategame.com/what-happens-to-class-b-c-apartment-investments-during-a-downturn/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] I’m a firm believer that real estate is best held long-term with great local teams on the ground. At Atlas, our model (deal-by-deal syndication) enables us to acquire assets
- [I Write to Discover What I Think: The Power of the Quarterly Investor Letter](https://astudentoftherealestategame.com/i-write-to-discover-what-i-think-the-power-of-the-quarterly-investor-letter/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] “I write to discover what I think. After all, the bars aren’t open that early.” This is a well-known quote from American historian Daniel Boorstin and it’s exactly why
- [Who Says Workforce Housing Can’t be Sexy](https://astudentoftherealestategame.com/who-says-workforce-housing-cant-be-sexy/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] Historically, class B/C garden-style apartment communities have been typified by dated 70’s/80’s architecture, uninspiring interior design, lackluster landscaping, and boring commodity amenities. Recently, the divide between class A and
- [Summer 2023 Multifamily Landscape: Best Buying Opportunity in a Decade?](https://astudentoftherealestategame.com/summer-2023-multifamily-landscape-best-buying-opportunity-in-a-decade/) - Over the past few years, with the world changing so rapidly, I’ve posted several times on the state of the multifamily market. It’s been a great way to organize my thoughts, distill all the information I’ve been consuming into a semi-coherent narrative, and justify my investment strategy. Here are just a few of the posts:
- [Smooth Operator: The Key to a Seamless Transition](https://astudentoftherealestategame.com/smooth-operator-the-key-to-a-seamless-transition/) - We recently acquired a 256-unit value-add deal in Savannah, GA. Despite being a relatively new asset (2015 construction) and performing well (95% historical occupancy), we intend to upgrade and reposition the property, targeting rents approximately $250 above the market rate at takeover. We believe there is unmet demand in the submarket, which has experienced significant
- [The Evolution of a Multifamily Syndicator](https://astudentoftherealestategame.com/the-evolution-of-a-multifamily-syndicator/) - Every so often, I go back and read old blog posts to get a sense of my thinking at the time. It can be embarrassing (like the bearish case for multifamily in 2019), but others (such as why we prefer value-add deals and long-term holds and our 4 forms of sustainable competitive advantage) serve as
- [Taking a Differentiated Approach to Developing & Operating Multifamily Real Estate](https://astudentoftherealestategame.com/taking-a-differentiated-approach-to-developing-operating-multifamily-real-estate/) - Over the past decade multifamily investors had it easy; interest rates were nearly zero, debt was widely available and cheap, capital poured into the space compressing cap rates, fundamentals were strong etc. It was nearly impossible not to well. The key to success was just being in game and outperformance meant not selling too early.
- [Expecting Multifamily Distress in 2023? You’re Going to be Disappointed](https://astudentoftherealestategame.com/expecting-multifamily-distress-in-2023-youre-going-to-be-disappointed/) - I started my career in real estate in 2011 and have experienced a decade of low rates and increasing asset values. Success in multifamily investing was driven simply by being in the game. Well, the game has changed. Today’s environment is unprecedented. I’ve been spending an inordinate amount of time recently reading macro news, speaking
- [Long-Term Trends Impacting Multifamily](https://astudentoftherealestategame.com/long-term-trends-impacting-multifamily/) - As 2022 winds to a close, I’m sure you’re getting inundated with predictions for 2023. While I certainly enjoy making predictions (like I did in 2019), I struggle with forecasting short-term trends. In 2019, for example, I was talking about renter flexibility and the disruption of the STR business. While the predictions were directionally correct,
- [Reflecting on the Sale of a Winner](https://astudentoftherealestategame.com/reflecting-on-the-sale-of-a-winner/) - When I look back at my time at Atlas over the past 11 years, the mistakes we’ve made have primarily been selling multifamily assets too soon. Selling class B assets in Tampa or Salt Lake in 2016/17, for example. These mistakes inspired me to put a note on top of the deal plaque which says
- [Understanding the 2021 Multifamily Demand Surge](https://astudentoftherealestategame.com/understanding-the-2021-multifamily-demand-surge/) - At Atlas, I oversee a portfolio of multifamily assets primarily located in the Southeast. What an easy job that was in 2021! Rents and occupancy boomed as we experienced record new lease demand and high resident retention. The chart below highlights the YoY lease trade-outs by month from Feb 22’ through September 22’. This post
- [Multifamily Investors: Ignore the Shiny New Objects and Focus on what Matters Most](https://astudentoftherealestategame.com/multifamily-investors-ignore-the-shiny-new-objects-and-focus-on-what-matters-most/) - I’ve been on vacation the past few days, largely ignoring the deluge of headlines and incessant barrage of market news (what a week to be away!). It’s tough at first because tracking the latest news feels a bit like sport, but over a few days I’ve begun to realize that the news is largely irrelevant
- [Why Multifamily Values are Down 10%-20%](https://astudentoftherealestategame.com/why-multifamily-values-are-down-10-20/) - As I’ve noted many times before, I view this blog as a tool to clarify my thinking, vet ideas, and share my views at specific points in time. Given the volatility and uncertainty in the current market, I’ve spent more time reading, thinking and writing recently. The multifamily market today is particularly interesting. I wrote
- [Making Sense of the Multifamily Market Today – June 2022](https://astudentoftherealestategame.com/making-sense-of-the-multifamily-market-today-june-2022/) - The multifamily market today is the strangest in my relatively short career (12 years). The range of potential economic outcomes is wide, and I certainly lack the experience to assess the impact inflation, rates, and a recession may have on the multifamily market over the near-term. What’s great about having this outlet is that I
- [Building Multifamily in Today’s High-Cost Environment](https://astudentoftherealestategame.com/building-multifamily-in-todays-high-cost-environment/) - It’s an interesting time in the multifamily development space. Although rents have surged, construction costs, labor, and land prices have increased significantly as well, making it difficult to build anything but luxury projects designed for the affluent renter. At Atlas, we’ve historically focused on value-add workforce housing. Core to our thesis is that it’s nearly
- [My Observations of NIMBYism](https://astudentoftherealestategame.com/my-observations-of-nimbyism/) - After 12 years of living in cities, my family bought a house and moved to the suburbs in 2021. We settled in a classic North Jersey train line town, with idyllic tree-lined streets and vibrant downtown. It’s a great place to raise a family. For the most part, we’ve loved living here. It’s a family-oriented
- [How to Buy Multifamily Deals in 2022](https://astudentoftherealestategame.com/how-to-buy-multifamily-deals-in-2022/) - It’s no secret multifamily valuations are through the roof with cap rates at all-time lows as capital pours into multifamily real estate, especially in high-growth southeast markets. In addition to cap rate compression, we’re experiencing unprecedented rent growth, driving values up further. The combination of compressing cap rates and rent growth is leading to eye-popping
- [Proud Owner of Class C Apartments](https://astudentoftherealestategame.com/proud-owner-of-class-c-apartments/) - I was talking with a colleague recently about the differences in our two primary investment strategies; class B/C value-add and ground-up development within Opportunity Zones. These are two opposite ends of the apartment spectrum. He made a comment that he loves the concept of building class A buildings that he’ll be proud to show his
- [The Institutionalization of Vacation Rentals](https://astudentoftherealestategame.com/the-institutionalization-of-vacation-rentals/) - Some of the most interesting real estate deals today are vacation rentals, which is a subset of the more broadly known STR (short-term rental) space. These investments offer the potential for outsized returns and combine my passions for branding/marketing, creating unique experiences, and generating outsized passive cash flow. This post isn’t about the Sonders/Mint
- [When it's right to Sell Real Estate…Almost Never](https://astudentoftherealestategame.com/when-to-sell-real-estatealmost-never/) - I used to be a religious reader of the Howard Marks memos, but at some point they started to get a bit repetitive…“move forward, but with caution...” However, his most recent, Selling Out, really resonated with me. I’ve always believed real estate is best held long-term (although easier said than done) as long as you
- [Southeast Multifamily: Institutionalization, Rent Growth, and Room to Run?](https://astudentoftherealestategame.com/southeast-multifamily-institutionalization-rent-growth-and-room-to-run/) - Happy new year! As we kick off 2022, I wanted to dig into one of the hottest real estate segments, multifamily in high-growth markets in the Southeast. At least once a week I hear about a new fund targeting value-add multifamily deals across the Southeast, an operator opening a Miami office, or an Opportunity
- [Viewing Apartments as a Consumer Product](https://astudentoftherealestategame.com/viewing-apartments-as-a-consumer-product/) - Real estate is a massive and surprisingly complex business (just ask Zillow). Innovation is relatively slow and certain aspects of the business have been done a specific way forever. The challenge when attempting to innovate is deciphering whether things are done that way for a good reason, or just because no one’s attempted to disrupt
- [Breaking Down the Historic Multifamily Rent Growth](https://astudentoftherealestategame.com/breaking-down-the-historic-multifamily-rent-growth/) - 2021 has been a crazy year and it’s difficult to comprehend what’s going on. Take the multifamily industry for example. When I speak with people outside commercial real estate, they’re shocked when I tell them about the historically high rent growth and occupancies we’re experiencing today. With COVID issues lingering, relatively high unemployment, and “everyone
- [What I’ve Learned Working on $200M of Ground-Up Multifamily Developments](https://astudentoftherealestategame.com/what-ive-learned-working-on-200m-of-ground-up-multifamily-developments/) - Since joining Atlas in 2011, we’ve been primarily focused on value-add multifamily investments. We’ve acquired ~7,500 units and have executed light value-add strategies (~$5,000/unit) to extensive repositioning’s (~$40,000/unit). Over the past several years, following the introduction of qualified Opportunity Zones and run up in multifamily asset values, we launched a development arm focused exclusively on
- [The Future of Work and the Emergence of the “Neighborhood Clubhouse”](https://astudentoftherealestategame.com/the-future-of-work-and-the-emergence-of-the-neighborhood-clubhouse/) - I’m beyond tired of hearing about the future of work. Every podcast, email newsletter, and blog has covered it ad nauseum for the past 18 months. The barrage of headlines, either in support of or against remote work, is adding fuel to the “debate” and forcing people to choose sides. Having said that, I’ve been
- [What I Learned in 10 Years Working for a Real Estate Owner/Operator](https://astudentoftherealestategame.com/what-i-learned-in-10-years-working-for-a-real-estate-owner-operator/) - I recently celebrated my 10-year anniversary with Atlas, where I joined as the first hire in May 2011. When I started with the firm, I was single and living with two friends in NYC. I’m now married with two kids and a dog and live in the Jersey suburbs. A lot has changed, both for
- [Crypto - Changing how we work and live](https://astudentoftherealestategame.com/crypto-changing-how-we-work-and-live/) - Atlas is under construction on a 310-unit multifamily community in Nashville. Over the past few weeks, we’ve redesigned the common areas, eliminating vanity amenities like game rooms and adding more private office space. The pandemic combined with new technologies has accelerated the flexible work model and is giving rise to a whole new creative class
- [A ‘Golden Era’ for Apartments?](https://astudentoftherealestategame.com/a-golden-era-for-apartments/) - My recent post, things don’t stay good forever, was intended to serve as a reminder that even when things are good, fundamentals matter. It was not a bearish take on multifamily. In fact, I’m as bullish multifamily real estate today as I’ve ever been. Dr. Peter Linneman recently joined Willy Walker to chat about the
- [The Best Amenity is Affordability](https://astudentoftherealestategame.com/the-best-amenity-is-affordability/) - There is a lot of conversation within the multifamily real estate development community about the size and layout of unit types. For years, the average size of apartments was trending downward as developers favored density to achieve higher rents per square foot to make deals pencil. In a post-pandemic world where we anticipate more ‘work
- [Is there such a thing as a Multifamily ‘Brand’?](https://astudentoftherealestategame.com/is-there-such-a-thing-as-a-multifamily-brand/) - Multifamily real estate is evolving to become more of a consumer product. By that, I mean that real estate is becoming more flexible, branded, and focused on the consumer. At the same time, ownership of apartments is rapidly shifting from individuals to regional and national firms. So what is my point with all this rambling?
- [The Evolution and Future of Apartment Community Short-Term Rentals](https://astudentoftherealestategame.com/the-evolution-and-future-of-apartment-community-short-term-rentals/) - The lines between hospitality and traditional apartment communities continue to blur, with the modern renter expecting flexibility. The way we work has forever changed and we will not go back to our pre-COVID lives once we reach herd immunity. As an apartment operator, we’re responding to demand shifts by offering residents the optionality to lease
- [Things Don’t Stay Good Forever](https://astudentoftherealestategame.com/things-dont-stay-good-forever/) - One of the great things about sharing my thoughts in a public is that I have a record of how I was thinking about things at specific points in time. I can easily revisit old posts to see how wrong (often) or right (10 predictions for multifamily in 2020) I was. Today, in January 2021,
- [Being a Digital Nomad in a Post-Corona World](https://astudentoftherealestategame.com/being-a-digital-nomad-in-a-post-corona-world/) - As we welcome 2021 and look ahead to a post-Corona world, I’ve been thinking about a few of the trends accelerated by the pandemic and how they may impact my life in the future. One of my personal interests is lifestyle design driven by passive income and financial freedom. This is in part why
- [Rethinking Class B Multifamily Supply Risk](https://astudentoftherealestategame.com/rethinking-class-b-multifamily-supply-risk/) - At Atlas, we focus primarily on value-add workforce housing. One of the most attractive aspects of the asset class is that it’s difficult to add new supply. Capped supply + growing demand = outsized income growth and price appreciation! But just how capped is supply of value-oriented multifamily? In a previous post I wrote about
- [Weighing in on the Remote Work Argument](https://astudentoftherealestategame.com/weighing-in-on-the-remote-work-argument/) - In a post I wrote back in April, the early days of the pandemic, I posited that many companies will ‘adopt a full or partial work from home schedule’ post-COVID. It’s now November, more than 8 months into the pandemic, and I’m more convinced that the way people work will be forever altered. This will
- [The Future of Single-Family Rentals](https://astudentoftherealestategame.com/the-future-of-single-family-rentals/) - There are few real estate sectors hotter than the single-family home rental business (SFHR). What started as a distressed opportunity following the Global Financial Crisis, is quickly becoming an institutional asset class. The combination of demographics (aging Millennials) and accelerating trends such as remote work has led to strong demand and rent growth. From the
- [What’s going on with Multifamily Rents and Occupancies at Class B/C Properties - October 2020](https://astudentoftherealestategame.com/whats-going-on-with-multifamily-rents-and-occupancies-at-class-b-c-properties-october-2020/) - Multifamily as an asset class has performed well since the onset of COVID, especially Class B and C properties. As of the end of Q2, occupancy and rents were more or less flat. This is staggering when you consider employment was down 11.5 million jobs and the Q2 GDP declined by an annualized 32.9%. Let’s
- [The State of Evictions and the Role of Housing in Poverty](https://astudentoftherealestategame.com/the-state-of-evictions-and-the-role-of-housing-in-poverty/) - If you work in multifamily real estate (especially workforce housing), you’ve probably spent a lot of your time recently monitoring collections, modifying payment procedures, and working with delinquent residents. You’ve been closely tracking the various eviction restrictions enacted by the CARES Act, state and local agencies, and the CDC, trying to make sense of what
- [What’s Going on with Multifamily – August 2020](https://astudentoftherealestategame.com/whats-going-on-with-multifamily-august-2020/) - As I write this, I’m sitting in my home office, working at full capacity. The S&P 500 is back near all-time highs and asset prices have remained high, driven by the reduction of interest rates to near zero and the liquidity that has flooded the markets. Things almost feel good. What’s happening in the economy,
- [‘Co-Living meets #vanlife’](https://astudentoftherealestategame.com/co-living-meets-vanlife/) - In my previous post, I discussed the concept of living-as-a-service, flexible housing models driven by technology which cater to young professionals who can work and live anywhere. The accelerated trend of remote work along with the growing passion economy is fueling these new housing models. While we’re seeing innovation within traditional housing models, we’re also
- [Living-as-a-Service](https://astudentoftherealestategame.com/living-as-a-service/) - Multifamily real estate is shifting from an asset class to a business. What was once viewed as a ‘passive’ investment is becoming a sophisticated operation. Accelerated by the Coronavirus pandemic, the preferences of today’s renters have changed. The one-sized-fits-all model of the past is dead. Knowledge workers expect flexibility. They’re not tethered to a
- [Building more Middle-Income and Workforce Housing](https://astudentoftherealestategame.com/building-more-middle-income-and-workforce-housing/) - At Atlas, we focus primarily on acquiring value-add workforce housing. A big part of our investment thesis is that you can’t build new middle-income housing, so supply is capped while the demand for high-quality middle-income housing keeps growing. This is just a fact accepted by most real estate operators and as a result, capital has
- [This is the moment we’ve all been waiting for](https://astudentoftherealestategame.com/this-is-the-moment-weve-all-been-waiting-for/) - I started my career in real estate in 2009. For the first 11 years, I enjoyed one of the longest expansions in history. I remember thinking in 2015 that assets were expensive and good opportunities were hard to come by. I’m not sure where that came from. Perhaps it was purely the fact that assets
- [What’s going on with Multifamily Collections?](https://astudentoftherealestategame.com/whats-going-on-with-multifamily-collections/) - If I were to tell you that ~40% of your residents were unemployed, what do you think that would do to rent collections? Would you believe me if I told you multifamily collections were more or less unaffected through May? Probably not. So what’s going on? One of the sad realities of the coronavirus is
- [COVID-19 Impact on CRE: Accelerating Trends and Secular Shifts](https://astudentoftherealestategame.com/covid-19-impact-on-cre-accelerating-trends-and-secular-shifts/) - There’s a lot of chatter and speculation in the commercial real estate community about what a post-Corona world will look like. Is business travel dead? Will consumers ever shop in malls again? Are we all going to be working remotely? Are people going to move out of cities and into the suburbs? Will we have
- [Reflections on Working from Home](https://astudentoftherealestategame.com/reflections-on-working-from-home/) - Over the past few years, I’ve spent most of my time working remotely either on the road traveling to properties or out of my apartment. I’ve created an environment and workflow that’s conducive to remote work and I utilize technology to communicate seamlessly with the rest of my team. I’ve enjoyed the benefits of working
- [Should I pay my rent?](https://astudentoftherealestategame.com/should-i-pay-my-rent/) - Over the past 3 weeks, nearly 17 million people filed for unemployment. True unemployment at this moment is about 18%, compared with just 3.5% as of the first week of March. Many of these individuals rent apartments, have little in the way of savings, and find themselves in a difficult position. Thankfully, the government has
- [Thoughts on COVID-19 and the Impact on Workforce Housing: March 22nd, 2020](https://astudentoftherealestategame.com/thoughts-on-covid-19-and-the-impact-on-workforce-housing-march-22nd-2020/) - I started my career in the real estate business in 2009, the bottom of the Global Financial Crisis. It’s been a historic 10+-year run for the multifamily sector. The combination of economic growth, organic rent growth, compressing cap rates, and sustained low interest rates lead to great returns. That’s easy to say looking backward. There
- [3rd Party Property Management: Far from a Set it and Forget it Solution](https://astudentoftherealestategame.com/3rd-party-property-management-far-from-a-set-it-and-forget-it-solution/) - Many multifamily operators (Atlas included) utilize 3rd party property management to oversee the day-to-day management of their properties. It’s great in many ways. You can maintain a lean team, utilize the resources of a large institutional management firm, and make a change if they’re not performing up to your standards. That said, implementing a 3rd
- [Lifestyle Brands Physical Real Estate Strategy Extends Beyond Retail](https://astudentoftherealestategame.com/lifestyle-brands-physical-real-estate-strategy-extends-beyond-retail/) - The way lifestyle brands approach their physical real estate strategy is changing. As sales have shifted online, brands have begun to utilize their physical presence to deepen their relationship with the consumer, share their story, showcase their products, and ultimately fuel (online) sales. This strategy is not just being deployed across conventional retail space, we’re
- [The Game has Changed: The Importance of Connecting with Residents](https://astudentoftherealestategame.com/the-game-has-changed-the-importance-of-connecting-with-residents/) - Direct to consumer brands (think Harry’s, Warby Parker, and Casper) have stolen market share from the incumbents. Their success isn’t because they have a slightly better product, it’s because they are obsessed with connecting with the customer. Real estate owners/operators can learn a lot from the success of digitally native DTC brands. In the apartment
- [Two Multifamily Myths Debunked](https://astudentoftherealestategame.com/two-multifamily-myths-debunked/) - The demand for multifamily remains strong, but the drivers of demand are often different than what most people think. Tell me if you’ve heard these two narratives: Millennials are moving more often so they prefer the flexibility of renting.Millennials have a shifting preference toward renting over buying. I’ve heard these from many smart real estate
- [10 Multifamily Predictions for 2020](https://astudentoftherealestategame.com/10-multifamily-predictions-for-2020/) - I hope everyone had a great holiday and enjoyed some quality time with friends and family. I was able to disconnect and spend a week in FL with my family. The time off is great, but I’m eager to get back to work and tackle the big initiatives and goals I have for the year
- [Why Syndicators Should Always Over Raise Equity](https://astudentoftherealestategame.com/why-syndicators-should-always-over-raise-equity/) - Moses Kagan is the founder of Adaptive Realty which focuses on heavy value-add multifamily projects throughout the LA area. I really enjoy his views on the real estate business which he shares often over on his blog. In his most recent post, he discusses a concerning trend he’s seeing utilized by syndicators who raise capital
- [When Knowing Too Much Makes you a Bad Investor](https://astudentoftherealestategame.com/when-knowing-too-much-makes-you-a-bad-investor/) - Over the past 10 years, we’ve executed nearly $75M worth of renovation work across 20+ value-add multifamily projects. Over that period, we’ve experienced many of the unexpected things that can go wrong when executing these deals; hidden physical issues, larger than expected tax reassessments, tenant lawsuits, crime, resident delinquency issues, and submarket challenges like unanticipated
- [Routine Replacement Expenses: “Multifamily’ s Dirty Little Secret”](https://astudentoftherealestategame.com/routine-replacement-expenses-multifamily-s-dirty-little-secret/) - I was talking with a multifamily fund operator who’s been in the business for 30+ years. His firm started out buying class C multi deals and scaled up over time to raise a fund with institutional capital to acquire higher-quality, light value-add multifamily assets. The primary driver of the movement upstream was the capital-intensive nature
- [The Challenge of Holding Multifamily Assets Long-Term](https://astudentoftherealestategame.com/the-challenge-of-holding-multifamily-assets-long-term/) - In my previous post, I talked about the value of compounding which results over holding multifamily real estate assets long-term. While that’s great in theory, it’s difficult to hold older vintage multifamily assets long-term (longer than 10 years). At Atlas, our business plan typically entails renovating and repositioning assets to bring them in line with
- [Hold Real Estate Forever, Reinvest, Compound, Don’t Pay Taxes, And Get Rich Slow](https://astudentoftherealestategame.com/hold-real-estate-forever-reinvest-compound-dont-pay-taxes-and-get-rich-slow/) - Real estate is a long-term, get rich slow business. That’s something you hear a lot, but the math and reasoning behind it is rarely illustrated. At Atlas REP, our investment strategy centers around buying cash-flowing value-added multifamily properties and holding long-term (10+ years). I believe multifamily real estate investing is most attractive over a long
- [The Bearish Case for Multifamily](https://astudentoftherealestategame.com/the-bearish-case-for-multifamily/) - Multifamily has been the darling of the recovery and remains one of the most sought-after asset classes. And why wouldn’t it be? We’re constantly bombarded with the case for multifamily; there’s a secular shift toward renting, millennials are getting married and having kids later, baby boomers are downsizing and seeking an urban lifestyle, multifamily construction
- [Apartments, Hotels, What’s the Difference!?](https://astudentoftherealestategame.com/apartments-hotels-whats-the-difference/) - The way people are living, and traveling has fundamentally changed and the lines between apartments and hotels have blurred. Guests and renters are no longer constrained by a market flooded with watered-down options and brands dictating the experience. Today, renters and travelers have nearly endless options, catering to any experience they seek. I recently
- [Bringing a Hospitality Mindset to Multifamily Development](https://astudentoftherealestategame.com/bringing-a-hospitality-mindset-to-multifamily-development/) - We’re in the midst of a multifamily development boom. If you’ve been to any major city over the past few years, you see ‘stumpy’ midrise developments everywhere. The forgettable stick-frame buildings all look similar. They are relatively cheap to construct, go up quickly, and cater to a wave of demand from Millennials and Gen Z’ers
- [Aspects of the Real Estate Acquisition Process I find Frustrating](https://astudentoftherealestategame.com/aspects-of-the-real-estate-acquisition-process-i-find-frustrating/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.0.47″][et_pb_row admin_label=”row” _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text admin_label=”Text” _builder_version=”3.0.74″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] Over the past several weeks, I’ve been deep in a new value-add multifamily transaction. Acquiring real estate is cumbersome, complex, and opaque, yet we continue to complacently accept this reality. Part of the issue is that acquiring
- [5 Things I learned in 2018 and 5 Goals for 2019](https://astudentoftherealestategame.com/5-things-i-learned-in-2018-and-5-goals-for-2019/) - Happy New Year, everyone! I hope you’re able to unplug and enjoy quality time with family and friends. I find that time off, completely disconnected from the day-to-day grind of daily work is key to regaining focus and igniting the spark of creativity. 2018 was another productive year on ASotREG. I rolled out a site
- [The Only Information Needed to Make Multifamily Investment Decisions](https://astudentoftherealestategame.com/the-only-information-needed-to-make-multifamily-investment-decisions/) - The real estate community has become obsessed with data. In the multifamily space alone, there are countless sources for all sorts of ‘relevant’ data; Costar, Axiometrics, REIS, Reonomy, RCA, MPF Research, Yardi Matrix, etc. The access to data has brought transparency to the space, but has led to better decision-making or just more noise? There’s
- [What’s Driving the Demand for Apartments and why I’m Bullish Class B Multi](https://astudentoftherealestategame.com/whats-driving-the-demand-for-apartments-and-why-im-bullish-class-b-multi/) - Multifamily, class B in particular, has been one of the best performing asset classes over the past decade. Demand has outpaced supply, leading to sustained rent growth and significant investor interest. As of March 2019, the average apartment vacancy rate was near all-time lows at roughly 6.5%. While the demand drivers for apartments is somewhat
- [Do We Need to Change the Way we Think About Homeownership?](https://astudentoftherealestategame.com/do-we-need-to-change-the-way-we-think-about-homeownership/) - My answer to the question posed in the title is ‘I have no idea’. However, I’m a firm believer that homeownership is not the best path for everyone and that the role of homeownership in the U.S. has been skewed in a way that is dangerous. The term ‘American Dream’ comes from James Truslow Adams
- [The Multifamily ‘Amenities Arms Race’ Shows no Signs of Slowing](https://astudentoftherealestategame.com/the-multifamily-amenities-arms-race-shows-no-signs-of-slowing/) - [et_pb_section fb_built=”1″ _builder_version=”3.21″ custom_padding=”0|0px|0|0px|false|false”][et_pb_row _builder_version=”3.21″][et_pb_column type=”4_4″ _builder_version=”3.21″][et_pb_text _builder_version=”3.21″] Multifamily development has picked up considerably over the past few years, as the demand for high-quality apartment communities near major employment centers and entertainment has increased. Driven by demographics, couples getting married and having kids later, lifestyle choices, and pent-up demand, millennials, Gen Z, and some Baby
- [Why I love Real Estate and you Should too](https://astudentoftherealestategame.com/why-i-love-real-estate-and-you-should-too/) - Let me preface this first post by saying that I have never earned a single dollar working as a real estate professional, and I have been unemployed while seeking a position in real estate since graduation from undergrad over 8 months ago. However, I truly love real estate. How can this be possible with my
- [The Importance of Golf in Real Estate](https://astudentoftherealestategame.com/the-importance-of-golf-in-real-estate/) - Most of my summer weekends are spent jet-skiing, water skiing, or lounging by the bay at my family's beach house on the Jersey Shore. As much as I love the shore, it's hard to give up summer weekends in New York City. I decided to stay in town this weekend and I spent the afternoon
- [Guest Post From Bruce Kirsch (REFM): Is Real Estate the Right Career for You?](https://astudentoftherealestategame.com/guest-post-from-bruce-kirsch-refm-is-real-estate-the-right-career-for-you/) - This is a guest post from Bruce Kirsch, founder of Real Estate Financial Modeling, a unique financial modeling tutorial service. Bruce has an MBA from Wharton with a focus in real estate. This is the first in a series of 'Advice' posts from successful real estate professionals. The month before I started business school at
- [Jim Chaffin - Advice For Students and Would-Be Developers](https://astudentoftherealestategame.com/jim-chaffin-advice-for-students-and-would-be-developers/) - Jim Chaffin is cofounder and president of Chaffin/Light Associates, a firm that specializes in resort and recreational communities (http://chaffinlight.com/). He provided the following advice for would-be developers and students, the excerpt is taken from Real Estate Development: Principals and Processes. Advice For Would-Be Developers - "I think a liberal arts education with a graduate degree
- [Guest Post: The Role of the Real Estate Financial Analyst](https://astudentoftherealestategame.com/guest-post-the-role-of-the-real-estate-financial-analyst/) - What do financial analysts do in real estate? While in real estate there are a variety of roles a financial analyst can serve, this post will focus on that of a financial analyst in an owner/operator role, which is where several members of our team at www.argusvaluation.com have experience. Analysts for owner/operators typically have two
- [Book Review - Creating and Growing Real Estate Wealth (Bill Poorvu)](https://astudentoftherealestategame.com/book-review-creating-and-growing-real-estate-wealth-bill-poorvu/) - Prompted by an email from Amazon informing me that my copy of Money Talks, Bullsh$t Walks: Inside the Contrarian Mind of Billionaire Mogul Sam Zell (Affiliate Link) (which I can't wait to start reading) has been shipped, I finally got inspired to finish my most recent book, Creating and Growing Real Estate Wealth (Affiliate Link).
- [Interview with Urban Visions: The Importance of Sustainability](https://astudentoftherealestategame.com/interview-with-urban-visions-the-importance-of-sustainability/) - Our nation is expected to grow by nearly 90 million people over the next 30 years. We face a critical choice: do we grow by sprawl and continue the destruction of biodiversity, social degradation and adverse climate impacts, or do we develop compactly, building diverse, healthy transit- served communities? It's up to us. Urban Visions
- [AspinWall Partners Interview - How 3 MIT Students with Different Backgrounds Came Together to Start A Company](https://astudentoftherealestategame.com/aspinwall-partners-interview-how-3-mit-students-with-different-backgrounds-came-together-to-start-a-company/) - One common trend I've observed amongst masters in real estate students is that they have entrepreneurial aspirations. And not surprisingly, as real estate is an entrepreneurial field. However, it's much easier said than done. Well for three recent graduates of the MIT Center for Real Estate, it's not just something they casually talk about over
- [Why I Blog](https://astudentoftherealestategame.com/why-i-blog/) - On this Friday morning I want to take a step back and talk about why I blog. Running a blog is extremely time-intensive - it's not just creating original content 3 days a week, but it's answering emails, managing social networks and commenting on other blogs to name a few of the daily tasks. Blogging can
- [Golf, Sharks, and Beautiful Beaches all on an Island with a Sustainable Focus](https://astudentoftherealestategame.com/golf-sharks-beach-all-on-an-island-with-a-sustainable-focus/) - I'm back from Hilton Head Island after an incredible week of golfing on courses beyond my ability, biking on the beach, shark fishing, eating amazing food and spending time with great people (thanks MB and Dave!). As with past blogging breaks, I'm back with renewed energy and an inspired outlook on the future. Like most people,
- [Where the Figawi?](https://astudentoftherealestategame.com/where-the-figawi/) - Happy Memorial Day Weekend everyone! As I write this post I'm packing to spend the weekend on Nantucket, where the annual sailing race (and party) from Hyannis to Nantucket is being held. Known as Figawi, the race has a unique history. As legend goes, the event began informally as three friends sat at a bar in Hyannis.
- [You Can't Fake a Track Record](https://astudentoftherealestategame.com/you-cant-fake-a-track-record/) - There was a blog post over on Six Pixels of Separation last week, a must-read digital marketing blog, that really resonated with me. The post discussed how social media has created a plethora false experts: If an individual with no followers on Twitter has decades of real-life work experience and the individual with hundreds of thousands of followers only
- [The Secret to Sourcing Real Estate Deals](https://astudentoftherealestategame.com/the-secret-to-sourcing-real-estate-deals/) - I spent one morning last week at my old stomping grounds, the 10th floor of NYU Schack, where I attended a lively boutique entrepreneurs panel. The panel featured four successful real estate entrepreneurs and the conversation centered around how they got started, how they decided to go out own their own, how they source capital
- [One Invests in the Guy behind the Deal, Above All else](https://astudentoftherealestategame.com/one-invests-in-the-guy-behind-the-deal-above-all-else/) - Reading the January edition of Bloomberg Magazine, I came across an interesting quote from a segment titled “Advice from Billionaires” When asked “what’s the best advice you’ve received”, one billionaire replied, “good deals are like bus stops; there is one on every corner.” This advice illustrates that the investor is not as interested in the
- [The Question is....](https://astudentoftherealestategame.com/the-question-is/) - What did you do back when interest rates were the lowest of your lifetime? Make sure you have a good answer for this in twenty years.
- [Zell's Fundamentals (Sam-isms)](https://astudentoftherealestategame.com/zells-fundamentals-sam-isms/) - Sam Zell is heralded as one of the most successful real estate professionals of his time. However, he doesn't proclaim to have any complicated strategy when it comes to his deals. In fact, if you go to Equity Group Investments website you'll find a page called 'Zell's Fundamentals', a list of 13 brief statements which
- [My Thoughts on the Single-Family Rental (SFR)](https://astudentoftherealestategame.com/my-thoughts-on-the-single-family-rental-sfr/) - A few weeks ago I published a one-line post: What did you do back when interest rates were the lowest of your lifetime? For an investor and entrepreneur, these are truly unprecedented times, yet few are actually taking advantage of this economic landscape. I hope to look back in 20 years and have a good
- [I Have a Hunch](https://astudentoftherealestategame.com/i-have-a-hunch/) - I was reading a blog post from legendary Venture Capitalist Fred Wilson and I came across an interesting quote; "Start-ups should be hunch-driven early on and data-driven as they scale". While he was speaking generally about start-ups, I thought this quote tied directly to real estate deals. Today we have more information at our finger
- [The Perfect Path to Real Estate Success](https://astudentoftherealestategame.com/the-perfect-path-to-real-estate-success/) - I often receive emails from college students and recent grads asking me about the best path to real estate success. Many aspire to work at large private equity shops like Blackstone or Carlyle and transition to working with seasoned and well-capitalized operators and when they have the right experience and Rolodex of contacts they hope to go
- [What to Expect and How to Prepare for an Interview in Real Estate Private Equity Part I](https://astudentoftherealestategame.com/what-to-expect-and-how-to-prepare-for-an-interview-in-real-estate-private-equity-part-i/) - Real estate private equity is the most sough-after role in the real estate business. A good friend of mine recently went through the process of preparing for and interviewing with a top tier real estate private equity firm. While preparing for the interview, he quickly realized that there was a severe lack of credible information
- [The Past 72 Hours in New York City…Observations](https://astudentoftherealestategame.com/my-last-72-hours-in-new-york-cityobservations/) - Over the past decade, Gen-Y’ers have flocked to cities, driven by the desire to be close to work and in walkable neighborhoods. We have a preference for vibrant, active urban neighborhoods with amenities that enhance the urban experience. However, what happens when catastrophic events disrupt this environment? In the aftermath of Sandy, I’ve learned a
- [Play Your Hand (in Hand) in Real Estate](https://astudentoftherealestategame.com/play-your-hand-in-real-estate/) - I love to involve friends in the blog. I get to catch up with buddies on a professional level while giving them the platform to share their story. Hence my excitement when my friend, Bill Glaab, agreed to do an interview for A Student of the Real Estate Game. I was at Bill’s wedding this
- [Floored by Real Estate Innovation](https://astudentoftherealestategame.com/floored-by-real-estate-innovation/) - Real estate is generally considered a late adopting business full of dinosaurs who don’t embrace new technologies. While widely true (ok, almost entirely true), it certainly didn’t feel that way at Art Assets event highlighting real estate innovation. The event featured Riggs Kubiak of Honest Buildings, Ben Miller of Fundrise, and David Eisenberg, founder of
- [The Real Value of a Graduate Real Estate Program](https://astudentoftherealestategame.com/the-real-value-of-a-gradate-real-estate-program/) - When I talk with college students and young real estate professionals, they often ask me about my experience at NYU Schack. They ask me about the professors, the classes, and how the program helped me land a job in real estate. They look at the program as a way to learn the business and jump-start
- [Valuate – Commercial Real Estate Financial Analysis, Levered](https://astudentoftherealestategame.com/valuate-commercial-real-estate-financial-analysis-levered/) - In real estate, we often do things because that’s just the way it’s done. But that doesn’t mean it’s the best or most efficient way to do things. Evolving technology and greater acceptance of tech solutions among the real estate community has created a flurry of new products. One space which hasn’t evolved much over
- [Real Estate – It’s About Story Telling and Brands](https://astudentoftherealestategame.com/real-estate-its-about-story-telling-and-brands/) - Earlier this week, the Atlas team met with Ben Miller(ise), the co-founder of Fundrise and Popularise. Although I’ve known this for a while, meeting Ben in person showed me first-hand that he’s a real estate thought-leader. He continues to innovate through his crowdfunding and crowdsourcing platforms. Crowdfunding for real estate is set to explode now
- [Floored: The Future of Real Estate Marketing and Leasing](https://astudentoftherealestategame.com/floored-the-future-of-real-estate-marketing-and-leasing/) - A few weeks ago I got to swing by the headquarters of Floored, a company that creates fully interactive models of real space. While there, I demo'd some of the new technology they’re working on including user-controlled virtual tours. I was blown away. As I sat in their Soho office, I was able to virtually
- [An Open Letter to Real Estate Graduate Programs: Here’s the Real Estate Entrepreneurship Class I’d Want to Take](https://astudentoftherealestategame.com/an-open-letter-to-real-estate-graduate-programs-heres-the-real-estate-entrepreneurship-class-id-want-to-take/) - This post was inspired by a class that’s being taught at my Alma mater called Tufts.io. It’s a mentor-driven seminar taught be two Tufts seniors with the goal of equipping students to become entrepreneurs. I love the concept of the course and it got me thinking: What should a real estate entrepreneurship class look like?
- [The Transfer Station – Co-Working, Co-Retail, Collaboration, and Education All-in-One](https://astudentoftherealestategame.com/the-transfer-station-co-working-co-retail-collaboration-and-education-all-in-one/) - When people talk about real estate investment they often discuss things like the basis, deal capitalization, and asset management. However, a major aspect of value creation is about conceptualizing a space that fits the evolving needs of the target end user and culture of an area. In office properties, that means creating a space that
- [Opportunity Space: Unlocking the Value of Public Land and Buildings](https://astudentoftherealestategame.com/opportunity-space-unlocking-the-value-of-public-land-and-buildings/) - This is a bit longer than my typical posts, but it's a worthwhile read, trust me. You know that prime piece of property in your neighborhood that for some unknown reason has remained vacant or under-used? Chances are you own it. Well, not you, exactly, but your government. And what if I told you that
- [Things on My Mind – Vacation Edition](https://astudentoftherealestategame.com/things-on-my-mind-vacation-edition/) - I've been on vacation with friends and family for past week, relatively removed from the never-ending flow of emails and meetings that consume a majority of my day. Although vacation is great, the reality of real estate is that it’s a relationship intensive business. You often times can’t completely disengage. However, I’m always amazed at how
- [Take a Breather - Private Office Space When You Need It](https://astudentoftherealestategame.com/take-a-breather-private-office-space-when-you-need-it/) - One of my favorite aspects of the real estate business is the continued innovation in how physical space is used. Technological advances have allowed these innovations to scale and opened up a plethora of other opportunities to disrupt the traditionally stodgy real estate business. A few weeks ago Atlas was transitioning to a new office
- [BLDG a Start-Up](https://astudentoftherealestategame.com/bldg-a-start-up/) - What makes real estate such an interesting and unique career is that it’s filled with aspiring entrepreneurs who have an obsession with the business. While almost everyone wants to do their own deals, running a start-up is tough, there are countless obstacles. That’s why I love interviewing groups that are just on the verge of
- [The Reality of Doing “Deals on the Side”](https://astudentoftherealestategame.com/the-reality-of-doing-deals-on-the-side/) - “I’ll do a few side deals and when I have enough cash flow to sustain myself, I’ll go off on my own full time”. How many times have you heard this? While doing deals on the side is great in theory, the execution is significantly more challenging than most people can imagine. Successfully acquiring and
- [Real Estate is an Emotional Investment](https://astudentoftherealestategame.com/real-estate-is-an-emotional-investment/) - For the retail investor, private real estate is an emotional investment. Individuals like owning a piece of a physical asset because it’s tangible and easy to understand. They tell their friends about the investment, drive by the building, and engage directly with the operator. Much like a young person owning Apple stock because it’s cool
- [5 Things I Learned from the Blog in 2014 and 5 Goals for 2015](https://astudentoftherealestategame.com/5-things-i-learned-from-the-blog-in-2014-and-5-goals-for-2015/) - I spent the last week celebrating the New Year with friends and family in sunny South Florida, almost entirely dis-engaged from email and the internet. The time away allowed me to step back, reflect on the past year, and plan for the year ahead. In this post I want to share 5 things I learned
- [How to Think Like a Real Estate Professional - The Peter Linneman Bisnow Video Series](https://astudentoftherealestategame.com/how-to-think-like-a-real-estate-professional-the-peter-linneman-bisnow-video-series/) - I’ve always believed in being transparent with my audience with the goal of exposing you to the best resources and tools the real estate business has to offer. That’s why I’m excited to share my thoughts on Bisnow’s video series with Peter Linneman. If you’ve visited the site over the years, you’d know I have
- [Strength in Numbers - The Value of a Lean Team](https://astudentoftherealestategame.com/strength-in-numbers-the-value-of-a-lean-team/) - This is a re-post of a blog I published for Compstak back in September 2014. I thought it was worth sharing because I’ve had a bunch of conversations with aspiring real estate entrepreneurs who have asked me about Atlas’ approach to staffing. I’m on a week-long ski trip out of the country and will try my best to
- [The Power of the Real Estate Checklist](https://astudentoftherealestategame.com/the-power-of-the-real-estate-checklist/) - A few months back I listened to a great book called The Checklist Manifesto by Atul Gawande which completely changed the way I work. Gawande, a surgeon by trade, provides a series of examples from medicine showing how the routine tasks of surgeons have become so incredibly complicated that mistakes are virtually inevitable. It’s too
- [How I Build and Maintain my Real Estate Network](https://astudentoftherealestategame.com/how-i-build-and-maintain-my-real-estate-network/) - [et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”]My Preferred CRMA lot of people ask me for my best advice on networking. My response is simple; find ways to help others without expecting anything in return. There’s a saying that the fastest way to make a billion dollars is to help a billion people (or something like
- [Introducing the New ASotREG.com!](https://astudentoftherealestategame.com/introducing-the-new-asotreg-com/) - I’m excited to unveil the new ASotREG.com design. It’s a bit of a soft launch because I’ll be gathering feedback, reviewing the analytics, and revising the design over the next few months. Nonetheless, I’m happy with the way it turned out and excited to have a new platform to continue to serve my audience. Why
- [5 Things I learned in 2015 and 5 Goals for 2016](https://astudentoftherealestategame.com/5-things-i-learned-in-2015-and-5-goals-for-2016/) - [et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text]Happy New Year, everybody! I recently re-read my post from the end of 2015, 5 things I learned from the blog in 2014 and 5 goals for 2015. It feels like just yesterday that I wrote that post, but when I look back, I’m amazed by how much I got done this past
- [Real Estate Crowdfunding Opportunities for Investors Explained](https://astudentoftherealestategame.com/real-estate-crowdfunding-opportunities-for-investors-explained/) - [et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text]Real estate crowdfunding provides investors with access to private real estate deals previously only available through personal relationships. This is game-changing for investors. However, it remains challenging for investors to understand which platforms and deals are the right fit for them based on their investment objectives. We’ve seen continued evolution with platforms like
- [Not Everyone is Cut Out to be a Real Estate Entrepreneur](https://astudentoftherealestategame.com/not-everyone-is-cut-out-to-be-a-real-estate-entrepreneur/) - [et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text]Earlier this year I discussed why you’re not ready to buy your own deals. Doing your own deals and growing a real estate firm is not only hard, it’s not for everyone. Most real estate professionals get into the business to be entrepreneurs. The entrepreneurial spirit is part of what makes this such
- [5 Things I Learned in 2016 and 5 Goals for 2017](https://astudentoftherealestategame.com/5-things-i-learned-in-2016-and-5-goals-for-2017/) - Happy New Year, everybody! I spent the past week down in South Florida, almost entirely disengaged from the internet and work (the harder it’s been to do, the important it’s become). I took advantage of the slow work week to reflect upon all that was accomplished this past year, celebrating the wins, and planning for
- [A Day in the Life of a Real Estate Entrepreneur Featuring Arx Urban Founder, Benjie Moll](https://astudentoftherealestategame.com/a-day-in-the-life-of-a-real-estate-entrepreneur-featuring-arx-urban-founder-benjie-moll/) - I’ve said it many times before, doing your own deals and building a real estate is incredibly hard. It takes great timing and some good luck, and even then there is no guarantee of success. Rather than restate it, I’ve asked Arx Urban founder, Benjie Moll, to describe his “typical day” and share the 10
- [My Experience with Seth Godin’s altMBA: Trust the Process](https://astudentoftherealestategame.com/my-experience-with-seth-godins-altmba-trust-the-process/) - This past May I participated in altMBA, an intensive, 4-week online workshop designed by Seth Godin for individuals from around the world who want to "level up and lead". The 4-week sprint, conducted entirely online through Slack, Wordpress, and Zoom, included 12 project prompts (3 each week) covering topics such as goal setting, business models,
- [What’s Your Moat? 4 Forms of Sustainable Competitive Advantages at Atlas](https://astudentoftherealestategame.com/whats-your-moat-4-forms-of-sustainable-competitive-advantages-at-atlas/) - The key to success in real estate investing (and business) isn’t simply finding a competitive advantage, it’s having a sustainable advantage that others are unable to replicate. Warren Buffet popularized the term economic moat, which refers to a “business’s ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market
- [Reflections from Japan](https://astudentoftherealestategame.com/reflections-from-japan/) - As I write this, I’m on my flight back from an incredible two-week trip around Japan. We spent our first day in Osaka before embarking on a three-day hike of the Kumano Kodo trail. From there, we spent a few nights exploring Kyoto and Hiroshima with day-trips to Wiyajima, Naoshima, and Takamatsu. We wrapped it
- [How being an Expert Generalist will Help you Succeed in Real Estate](https://astudentoftherealestategame.com/how-being-an-expert-generalist-will-help-you-succeed-in-real-estate/) - I spend a lot of time talking with college students interested in entering the real estate business. When they ask for advice, I try to steer them in the right direction by advising they work for a firm with access to a large volume of deal flow, focus on who you’ll be working with (not
- [How to Make Apartment Features and Amenities Sounds Sexy](https://astudentoftherealestategame.com/how-to-make-apartment-features-and-amenities-sounds-sexy/) - We recently embarked on a project aimed at improving the online marketing process for all our multifamily properties. The intent was to greatly improve our web presence, access deeper analytics, build a multifamily brand, and control the process from the ownership-level. Since we utilize 3rd party property management, each asset utilized a different website template,
- [Heaps of Fun Exploring the Land Down Under](https://astudentoftherealestategame.com/heaps-of-fun-exploring-the-land-down-under/) - G’day. How ya goin’? I spent the past two weeks exploring Australia. It’s an incredible place filled with modern cities, unique animals, beautiful landscape, great coffee, and welcoming people. As I like to do, I wanted to share some of my observations (I did something similar with recent trips to Japan and Costa Rica).
- [The Key to an Effective Value-Add Strategy: Hands-On Oversight](https://astudentoftherealestategame.com/the-key-to-an-effective-value-add-strategy-hands-on-oversight/) - In my role at Atlas, I oversee our value-add multifamily strategy. We buy 1970’s – 1990’s class B value-add properties and seek assets that are priced below replacement cost and comparable sales, where we can add value at then property level, and that are in markets we like long-term. Adding value is hard. It requires
- [The Key to Multifamily Asset Management: Controlling Costs and Creatively Adding Value](https://astudentoftherealestategame.com/the-key-to-multifamily-asset-management-controlling-costs-and-creatively-adding-value/) - Every so often I scan through the real estate forum on Wall Street Oasis and I recently came across an interesting thread titled ‘Contrarian Thesis: Acquisitions is the Least Interesting Job in Real Estate’. The post argued that acquisitions is a repetitive job wrought with frustration and best-suited for young analysts who are hungry and
- [Why I'm a Renter](https://astudentoftherealestategame.com/why-im-a-renter/) - After 3 indescribable years in my Murray Hill apartment, I’ve decided it’s time to move on, to a new neighborhood. While I’m excited to explore a different area of the island, and to start a new chapter of my life in NYC, I’m tasked with the job (and daunting task) of finding a new apartment.
## Pages
- [ASotREG](https://astudentoftherealestategame.com/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.18.0″ custom_padding=”38px||38px||true|false” custom_padding_tablet=”38px||38px||true|false” custom_padding_phone=”38px||38px||true|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” _builder_version=”4.25.2″ background_color=”rgba(230,240,251,0.6)” background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”64%” width_tablet=”80%” width_phone=”” width_last_edited=”on|phone” custom_margin=”|||||true” custom_margin_tablet=”” custom_margin_phone=”8px||||false|true” custom_margin_last_edited=”on|phone” custom_padding=”58px|38px|58px|38px|true|true” custom_padding_tablet=”” custom_padding_phone=”40px|28px|40px|28px|false|true” border_radii=”on|4px|4px|4px|4px” custom_width_px=”872px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”Merriweather||||||||” text_text_color=”#262626″ text_font_size=”24px” text_line_height=”1.5em” header_font=”|800|||||||” header_text_color=”#3a3a3a” text_orientation=”center” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” text_text_align=”left” global_colors_info=”{}”] I’m Joe Stampone. I work
- [REDO About](https://astudentoftherealestategame.com/about/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.16″ background_enable_image=”off” background_position=”bottom_center” custom_padding=”|0px|74px|0px|false|false” custom_padding_tablet=”” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”64%” width_tablet=”80%” width_phone=”” width_last_edited=”on|phone” custom_margin_tablet=”” custom_margin_phone=”38px||||false|false” custom_margin_last_edited=”on|phone” custom_padding=”9px|0px|17px|0px|false|false” custom_padding_tablet=”” custom_padding_phone=”|0px||0px|false|false” custom_width_px=”872px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_line_height=”1.5em” global_colors_info=”{}”]ASotREG is a resource run by me, Joe Stampone, to share my thoughts on the real estate business. I’ve been
- [ASotREG](https://astudentoftherealestategame.com/asotreg-2/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”38px||38px||true|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” _builder_version=”4.18.0″ background_color=”#efefef” background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”64%” width_tablet=”80%” width_phone=”” width_last_edited=”on|phone” custom_margin=”|||||true” custom_margin_tablet=”” custom_margin_phone=”-82px|||” custom_margin_last_edited=”on|phone” custom_padding=”38px|38px|38px|38px|true|true” custom_padding_tablet=”” custom_padding_phone=”120px|0px|0px|0px|false|false” custom_width_px=”872px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”Merriweather||||||||” text_text_color=”#262626″ text_font_size=”24px” text_line_height=”1.5em” header_font=”|800|||||||” header_text_color=”#3a3a3a” text_orientation=”center” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” text_text_align=”left” global_colors_info=”{}”] I’m Joe Stampone. I work at Atlas Real Estate
- [REDO homepage](https://astudentoftherealestategame.com/redo-homepage/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”38px||38px||true|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”64%” width_tablet=”80%” width_phone=”” width_last_edited=”on|phone” custom_margin_tablet=”” custom_margin_phone=”-82px|||” custom_margin_last_edited=”on|phone” custom_padding=”30px|0px|17px|0px|false|false” custom_padding_tablet=”” custom_padding_phone=”120px|0px|0px|0px|false|false” custom_width_px=”872px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”Merriweather||||||||” text_text_color=”#262626″ text_font_size=”24px” text_line_height=”1.5em” header_font=”|800|||||||” header_text_color=”#3a3a3a” text_orientation=”center” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” text_text_align=”left” global_colors_info=”{}”] I’m Joe Stampone. I work at Atlas Real Estate Partners (‘AREP’),
- [Archive Asset Management](https://astudentoftherealestategame.com/archive-asset-management/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”||26px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.27.2″ global_colors_info=”{}”][et_pb_blog_extras posts_number=”20″ include_categories=”145″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”3.27.4″ header_font_size=”24px” body_font_size=”15px” meta_text_color=”#f06543″ global_colors_info=”{}”][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [REDO Archive](https://astudentoftherealestategame.com/archive/) - [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ custom_padding=”24px||174px||false|false” hover_enabled=”0″ sticky_enabled=”0″][et_pb_row _builder_version=”3.29.3″ custom_padding=”||9px||false|false”][et_pb_column type=”4_4″ _builder_version=”3.27.4″][et_pb_text _builder_version=”3.27.4″ text_font=”Merriweather||||||||” text_orientation=”center” text_text_align=”center”] Topics [/et_pb_text][et_pb_divider color=”#494949″ _builder_version=”3.27.4″ width=”26%” module_alignment=”center” custom_margin=”||2px|||” custom_padding=”||0px|||”][/et_pb_divider][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_5,1_5,1_5,1_5,1_5″ custom_padding_last_edited=”on|phone” _builder_version=”4.9.3″ module_alignment=”center” custom_margin=”||||false|false” custom_padding=”||||false|false” custom_padding_tablet=”” custom_padding_phone=”|||50px|false|false” hover_enabled=”0″ sticky_enabled=”0″][et_pb_column type=”1_5″ _builder_version=”3.27.4″][et_pb_text _builder_version=”3.29.2″ text_font=”|600|||||||” text_font_size=”17px” text_line_height=”1.8em”] Asset ManagementCareer [/et_pb_text][/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.27.4″][et_pb_text _builder_version=”3.29.2″ text_font=”|600|||||||” text_font_size=”17px” text_line_height=”1.8em”] Development Entrepreneurship [/et_pb_text][/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.27.4″][et_pb_text _builder_version=”4.9.3″ text_font=”|600|||||||” text_font_size=”17px”
- [REDO Resources](https://astudentoftherealestategame.com/resources/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” _builder_version=”3.29.3″ background_enable_image=”off” background_position=”bottom_center” custom_margin=”||||false|false” custom_padding=”90px|0px||0px|false|false” custom_padding_tablet=”” custom_padding_phone=”||||false|false”][et_pb_row custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” _builder_version=”4.9.3″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”64%” custom_margin=”||||false|false” custom_margin_tablet=”” custom_margin_phone=”||||false|false” custom_margin_last_edited=”on|phone” custom_padding=”12px|0px|17px|0px|false|false” custom_padding_tablet=”” custom_padding_phone=”0px|0px|0px|0px” hover_enabled=”0″ custom_width_px=”872px” width_last_edited=”on|phone” width_tablet=”80%” sticky_enabled=”0″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.3″ text_font=”Merriweather||||||||” text_text_color=”#262626″ text_font_size=”24px” text_line_height=”1.5em” header_font=”|800|||||||” header_text_color=”#3a3a3a” text_orientation=”center” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” text_text_align=”left”] Welcome to the ASotREG Resources section, a
- [Subscribe](https://astudentoftherealestategame.com/subscribe/) - [et_pb_section fb_built=”1″ _builder_version=”4.0.4″][et_pb_row _builder_version=”3.27.2″ custom_padding=”14px||14px||false|false” global_module=”54610″ saved_tabs=”all”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_text _builder_version=”3.27.4″ text_font=”Merriweather||||||||” text_text_color=”#000000″ text_font_size=”24px” text_line_height=”1.5em” header_font=”|800|||||||” header_text_color=”#000000″ header_3_font=”|800|||||||” header_3_text_color=”#000000″ header_3_font_size=”28px” text_orientation=”center” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” text_text_align=”center”] A Student of the Real Estate Game (ASotREG) [/et_pb_text][et_pb_text _builder_version=”4.0.4″ text_font=”|600||on|||||” text_text_color=”#666666″ text_font_size=”14px” text_letter_spacing=”2px” text_orientation=”center” text_text_align=”center”]home / about / resources / archive / subscribe[/et_pb_text][et_pb_divider color=”#494949″
- [Archive Multifamily](https://astudentoftherealestategame.com/archive-multifamily/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”139″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” body_line_height=”1.7em” meta_text_color=”#f06543″ hover_enabled=”0″ sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Value-Add](https://astudentoftherealestategame.com/archive-value-add/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”147″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” body_line_height=”1.7em” meta_text_color=”#f06543″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Technology](https://astudentoftherealestategame.com/archive-technology/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”140″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Passive Investing](https://astudentoftherealestategame.com/archive-passive-investing/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”141″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Market News](https://astudentoftherealestategame.com/archive-market-news/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”36″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Innovation](https://astudentoftherealestategame.com/archive-innovation/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″ custom_padding=”13px|||||”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”12px||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”60″ include_categories=”143,62″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Entrepreneurship](https://astudentoftherealestategame.com/archive-entrepreneurship/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”20″ include_categories=”142″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Development](https://astudentoftherealestategame.com/archive-development/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras posts_number=”20″ include_categories=”146″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Archive Career](https://astudentoftherealestategame.com/archive-career/) - [et_pb_section fb_built=”1″ _builder_version=”3.27.4″][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.27.2″ width=”100%” width_tablet=”” width_phone=”80%” width_last_edited=”on|phone” module_alignment=”center” custom_padding=”||26px|||”][et_pb_column type=”4_4″ _builder_version=”3.27.2″][et_pb_blog_extras include_categories=”144″ blog_layout=”classic” show_thumbnail=”off” show_social_icons=”on” show_author=”off” show_categories=”off” show_comments=”off” show_read_time=”on” show_thumbnail_mobile=”off” _builder_version=”4.9.3″ header_font_size=”24px” meta_text_color=”#f06543″ hover_enabled=”0″ body_line_height=”1.7em” sticky_enabled=”0″][/et_pb_blog_extras][/et_pb_column][/et_pb_row][/et_pb_section]
- [Thanks for Downloading the ASotREG eBook](https://astudentoftherealestategame.com/thanks-for-downloading-the-asotreg-ebook/) - [et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”1_3″][et_pb_image _builder_version=”3.12.2″ src=”http://astudentoftherealestategame.com/wp-content/uploads/2018/05/joe-stampone-founder-of-a-student-of-the-real-estate-game.png” /][/et_pb_column][et_pb_column type=”2_3″][et_pb_text _builder_version=”3.12.2″]Thanks for downloading the ASotREG eBook! In a few moments, you will receive an email with a link to your download. I strive to create a vibrant community of entrepreneurial-minded real estate professionals driven by a passion to be on the cutting edge and grow their careers
- [ASOTREG’S 10-PART GUIDE](https://astudentoftherealestategame.com/asotregs-10-part-guide/) - [et_pb_section fb_built=”1″ _builder_version=”3.9″][et_pb_row use_custom_width=”on” custom_width_px=”716px” _builder_version=”3.9″][et_pb_column type=”4_4″ _builder_version=”3.9″ parallax=”off” parallax_method=”on”][et_pb_code _builder_version=”3.9″][/et_pb_code][/et_pb_column][/et_pb_row][/et_pb_section]
- [Thanks for joining the ASotREG mailing list](https://astudentoftherealestategame.com/thanks-for-joining-the-asotreg-mailing-list/) - [et_pb_section fb_built=”1″ inner_shadow=”on” _builder_version=”3.9″ custom_padding=”54px|0px|0|0px|false|false”][et_pb_row use_custom_width=”on” custom_width_px=”848px” _builder_version=”3.9″ custom_padding=”27px|0px|0|0px|false|false”][et_pb_column type=”1_3″ _builder_version=”3.9″ parallax=”off” parallax_method=”on”][et_pb_image src=”http://astudentoftherealestategame.com/wp-content/uploads/2018/05/joe-stampone-founder-of-a-student-of-the-real-estate-game.png” _builder_version=”3.9″][/et_pb_image][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”3.9″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.9″] Thanks for joining the ASotREG mailing list! In a few moments you will receive an email which you must open to confirm your subscription by following the link. I strive to create a vibrant community
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- [micro units](https://astudentoftherealestategame.com/tag/micro-units/)
- [multifamily](https://astudentoftherealestategame.com/tag/multifamily/)
- [rediq](https://astudentoftherealestategame.com/tag/rediq/)
- [Cycles](https://astudentoftherealestategame.com/tag/cycles/)
- [Australia](https://astudentoftherealestategame.com/tag/australia/)
- [value-add](https://astudentoftherealestategame.com/tag/value-add/)
- [Homeownership](https://astudentoftherealestategame.com/tag/homeownership/)
- [asset management](https://astudentoftherealestategame.com/tag/asset-management/)
- [Hospitality](https://astudentoftherealestategame.com/tag/hospitality/)
- [Boutique Hotels](https://astudentoftherealestategame.com/tag/boutique-hotels/)
- [Design](https://astudentoftherealestategame.com/tag/design/)
- [Amenities](https://astudentoftherealestategame.com/tag/amenities/)
- [class B](https://astudentoftherealestategame.com/tag/class-b/)
- [Personal Development](https://astudentoftherealestategame.com/tag/personal-development/)
- [Writing](https://astudentoftherealestategame.com/tag/writing/)
- [Books](https://astudentoftherealestategame.com/tag/books/)
- [AREP](https://astudentoftherealestategame.com/tag/arep/)
- [Arx Urban Capital](https://astudentoftherealestategame.com/tag/arx-urban-capital/)
- [West End Capital](https://astudentoftherealestategame.com/tag/west-end-capital/)
- [eBooks](https://astudentoftherealestategame.com/tag/ebooks/)
- [Underwriting](https://astudentoftherealestategame.com/tag/underwriting/)
- [Acquisitions](https://astudentoftherealestategame.com/tag/acquisitions/)
- [3rd Party Management](https://astudentoftherealestategame.com/tag/3rd-party-management/)
- [Office](https://astudentoftherealestategame.com/tag/office/)
- [COVID-19](https://astudentoftherealestategame.com/tag/covid-19/)
- [Retail](https://astudentoftherealestategame.com/tag/retail/)
- [Kibbo](https://astudentoftherealestategame.com/tag/kibbo/)
- [Remote Work](https://astudentoftherealestategame.com/tag/remote-work/)
- [Work Force Housing](https://astudentoftherealestategame.com/tag/work-force-housing/)
- [Class B Multifamily](https://astudentoftherealestategame.com/tag/class-b-multifamily/)
- [Brands](https://astudentoftherealestategame.com/tag/brands/)
- [Airbnb](https://astudentoftherealestategame.com/tag/airbnb/)
- [Short-Term Rentals](https://astudentoftherealestategame.com/tag/short-term-rentals/)
- [Crypto](https://astudentoftherealestategame.com/tag/crypto/)
- [Construction](https://astudentoftherealestategame.com/tag/construction/)
- [Southeast](https://astudentoftherealestategame.com/tag/southeast/)
- [STRs](https://astudentoftherealestategame.com/tag/strs/)
- [NIMBY](https://astudentoftherealestategame.com/tag/nimby/)