Apartments, Hotels, What’s 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 traveled to Nashville and I decided to test out Niido, an apartment community ‘powered by Airbnb’. It’s a traditional midrise apartment community that allows (encourages, actually) its residents to rent out their apartments...

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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 delaying marriage, having kids, and buying or renting a home in the suburb. With the cost of construction and land at elevated levels, development yields are compressed, developers have little flexibility to physically differentiate their property from the...

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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 proficient with the latest technology. Asset and portfolio management, on the other hand, tend to be the most valuable and interesting roles. The asset managers recognize the value-add upside, know what it cost to renovate, have intimate knowledge of...

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The Multifamily ‘Amenities Arms Race’ Shows no Signs of Slowing

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 Boomers are flocking to newly-developed class A communities. These individuals seek a lifestyle and expect way more than a nice place to live; they desire conveniences, technology, a robust resident event program and sense of community, and amenities. Lots of...

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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 ‘Epic of America’ who wrote in 1931, “life should be better and richer and fuller for everyone, with the opportunity for each according to ability or achievement regardless of social class or circumstances of birth.” The original term didn’t have anything to do with real estate but has evolved over...

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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 a hands-on approach, local market knowledge, creative-thinking, and great management skills. At Atlas, we’re a lean team and hire 3rd parties to assist with property management, construction management, design and architecture, and marketing. As such, my role is largely...

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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).   For the past 14 days, I was largely disconnected from work, sports, and U.S. news. The time change (Australia is 15-16 hours ahead of the east coast) almost forced me to disconnect from the day-to-day news. I found it quite liberating and was a good reminder of how toxic...

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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 redesign (ASotREG 3.0), launched a new eBook on passive real estate investing, and published 14 new posts. I’m incredibly humbled and appreciative of everyone who has given me their attention. Your time is the most valuable asset you have, so it inspires me to do everything I...

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Who Says Workforce Housing Can’t be Sexy

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 class B/C apartment communities has been exacerbated by the amenity arms race, with each new development looking to outdo its competitors. It’s common for new communities to include golf simulators, meditation rooms, indoor self-cleaning dog parks, rooftop pool/lounges, and generally over-the-top design and features, while class B communities still have...

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How to Win Marketed Multifamily Real Estate Deals

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 investment strategy. However, fully-marketed deals can also be attractive opportunities. The challenge with marketed deals, however, is that you can spend a lot of time and money underwriting a deal, with no guarantee of being selected as the buyer. Contrary to common belief, the group that bids the most is not the group that necessarily wins fully...

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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, property management software, paid search marketing strategy, lead tracking process etc. From the ownership side, we had little transparency into the effectiveness of each marketing channel and were unable to make data-driven...

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The Many Futures of Urban Living

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 cities in droves, urban housing has become too expensive for the average worker. As rental rates and housing prices in urban areas has skyrocketed, innovative real estate developers have stepped in to create more affordable living environments. We have micro-units, co-living, macro-living, temp living, and several technology platforms that support the new urban lifestyle. Let's dig in to...

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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 just the firm reputation), and become an expert modeler (every firm needs one, but few are willing to put in the work). However, the piece of advice I find most important is aspiring to be an ‘expert generalist’. This phrase, made popular by Berkshire Hathaway Vice Chairmen Charlie Munger, refers to...

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The Real Estate Software Powering Our Growth: Featuring Dealpath

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 integrated team with 5 operating platforms. It’s been a wild ride full of exciting expansion, but along with rapid growth comes growing pains. To continue to scale our acquisition process, we needed to put processes in place to efficiently manage investor reporting, asset management, acquisitions, and company operations. Luckily, real estate-specific software companies have sprung up to bring efficiency...

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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 up with three nights in Tokyo before flying back to NYC. It was a trip of a lifetime, filled with many eye-opening cultural experiences. Here are just a few of my many reflections from the visit.  ‘Omotenashi’ Omotenashi is the spirt of Japanese...

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Real Estate Tech Funding: What and Who to Know

“The real estate industry is slow to adopt new technology”. How many times have you heard that statement? While there may be some truth to it from a relative perspective, there are so many exciting things happening in the world of real estate technology today. I recently had a call with David Danesh, a real estate tech enthusiast and aspiring angel investor. I was blown away by his knowledge of the real estate tech landscape and specifically the venture capital firms fueling the explosive growth of real estate tech companies. Real estate tech adoption is driven...

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Why You Need an Informational and Analytical Edge in Real Estate

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 managers), and recently did an episode on quantitative investors. Institutional investing is becoming increasing quant-driven and firms are utilizing all sorts of tools and data-sets to produce alpha. To a layman, the sophistication of these shops is almost unimaginable (you quickly realize it’s impossible for a retail investor to compete!). Investors are...

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Juniper Square: the Real Estate Investment Management System Designed to Scale

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 high-net-worth investors. Over time, the administrative burden of managing 1,200+ investor positions across 30+ deals making quarterly distributions became overwhelming. Here’s what our quarterly reporting process looked like: Draft a 3-5 page quarterly summary for each deal in MS Word, plug in an income statement in Excel, convert the document to PDF, and email to each...

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My Thoughts on the Massive Impact Autonomous Cars Will Have on Real Estate

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 will be pervasive in the next 5-10 years. They will be safer and more efficient than human drivers and they’ll all be electronic. There’s no doubt autonomous cars are coming soon and the impact on the real estate industry will be massive. However, very few in the real estate industry is talking about it and even less are preparing for the impact it could have on their...

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How Origin Investments Raised $10 Million of Equity in 1 Week: Part 2

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 to building trust with investor’s online and aligning interest with investment partners.  However, what resonated with me most, was Origin's focus on the ‘long game’. When investing in private real estate deals, investors are often making a 10-year commitment, and sometimes longer. With that time-horizon in mind, the integrity of the people you’re investing with far...

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Why You Can’t Rank Real Estate Crowdfunding Platforms (And how to Determine which is Right for You)

People love rankings. I get it. They attract eyeballs and enable us to compare across a large group of participants. Rankings work great in sports where there are endless statistics and a level playing field, however for real estate companies who raise capital via crowdfunding, rankings make no sense. Here’s why: The business models vary widely with each appealing to a specific set of potential investors. Each investor has a different investment preference and therefore is attracted to different models. There is very little transparency and almost no required...

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My Thoughts on Real Estate Crowdfunding Part VIII [February 2017]

It’s been over 5 months since I shared my thoughts on the real estate crowdfunding business. I’ve alluded to this in previous write-ups (parts I, II, III, IV, V, VI, and VII can be seen here), but I dislike using “real estate crowdfunding” as a general term for the industry. Real estate crowdfunding is simply raising capital (typically in smaller amounts online) from a group of individuals made possible by regulatory changes and more efficient through technology. This capital raising process is being applied to various sectors of the real estate industry and it’s...

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10 Federal: Embracing Technology to Outperform the Competition

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 others worked at best-in-class institutions before going off on their own. The commonality, however, is their passion, resilience, and hunger to succeed. Brad Minsely, co-founder of 10 Federal, was born to be an entrepreneur; as a kid he bought candy in bulk and sold it individually at a mark-up, he then spent the first 13 years of his career at an...

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How Origin Investments Raised $4 Million in Equity in 1 Week: Part 1

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 for companies to generally solicit, enabling investors to connect directly with sponsors all over the country looking to raise money from retail investors. The new transparency in the private real estate syndication space, a business that was previously 100% relationship-based, has led to increased competition. Syndicators are now competing directly with each other...

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Redesigning your CRE Website? Learn from 9 CRE Investment Firms who got their Website Design Right

Back in March 2015 I published the ‘Top 100 Commercial Real Estate Company Websites’. Since then, I’ve continued to add to that list and it’s ballooned to 120 sites. I compiled the initial list when leading the redesign of the Atlas Real Estate Partners website, taking cues from what other real estate firms were doing. However, with today’s post, I want to drill into the 9 Commercial Real Estate Investment Companies who go their Website design right and dive into what makes them great so you can apply these best practices to your firm's site. In today’s world, it’s more important than...

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My Thoughts on Real Estate Crowdfunding Part VII

It’s been over 15 months since I shared my thoughts on the real estate crowdfunding business and boy has a lot changed. It’s been fun going back and reading through the previous posts realizing how rapidly the real estate crowdfunding space has evolved (here are parts I, II, III, IV, V, and VI which serve as a timeline for the evolution of real estate crowdfunding from 2013 through today). On one hand, the distinction between many real estate crowdfunding companies and real estate companies has begun to blur. However, on the other, real estate crowdfunding...

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Passive Real Estate Investment Opportunities for Non-Accredited Investors

I have written extensively about the merits of passive real estate investing including how to review an opportunity and warning signs to be aware of as well as esoteric aspects of real estate investing such as the importance of risk-adjusted returns and the impact of fees on returns. However, my content has been directed largely toward accredited and sophisticated investors and left out the other ~90% of potential real estate investors. Investment real estate should be part of any well-diversified portfolio and is a great investment for young professionals because...

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How Fairway America is Disrupting the Small Balance Real Estate Space

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, the sub-institutional space (sub-$10mm deals generally speaking) remains largely a localized business driven by personal relationships. This fragmented market provides outsized opportunities for operators who have an advantage in information/analysis and investors who have access to these direct investments through personal relationships. Real estate...

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Real Estate Crowdfunding Opportunities for Investors Explained

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 PeerStreet offering auto-investing and Acquire Real Estate taking a strict focus on institutional-quality deals and investing alongside the crowd. These platforms simplify the investing...

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Acquire Real Estate Crowdfunding: Investing in Institutional Real Estate Alongside Investors

One of the aspects of the real estate business that has me most excited today is the evolution of the real estate crowdfunding space. While I'm still concerned about real estate crowdfunding, new investment models and smart entrepreneurs are transforming the space.  Last week, I highlighted PeerStreet, the Wealthfront meets E*Trade for real estate investing. Today, I’m joined by Josh Klimkiewicz, the founder of Acquire Real Estate, another exciting crowdfunding platform. On the surface, Acquire Real Estate is similar to other real estate equity crowdfunding...

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PeerStreet – Wealthfront meets E*Trade for Real Estate Investing

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 don't have the expertise to analyze deals and assess risk, while understanding the legal and tax implications of direct equity real estate investment. Many platforms have shifted to investing in debt, which provides a higher level of safety, fixed return, and scalability. One of the platforms I'm most excited about is PeerStreet, best described as Wealthfront...

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Stage 3 Properties – Redefining Cosmopolitan Living for Urban Renters

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 way linear, but they often work with a best-in-class institutional real estate firm prior to venturing off on their own. Their investment strategy and execution is sound, but often not innovative. However, that’s not the only path to entrepreneurial success. Real estate is a business that rewards creativity, and professionals who come from more...

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We Cannot Predict the Future, We can Only Prepare

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 market has had a nice run over the past 6 years, there looms concern over rising interest rates, increased construction, and an over-supply of capital chasing too few deals. At Atlas, our new deal pipeline is slower today than it’s been over the previous 5 years. This slowdown has allowed us to step back and analyze our portfolio on a deal-by-deal basis. While we are not market...

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Drones for Real Estate Use is Taking Off

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 footage of the Jersey Shore, action water sports of siblings and cousins, and testing out the best way to shoot real estate sites. Drones have become mainstream and while some real estate firms view their use of drones as innovative today, it’ll simply be the status quo within the next few years. Drones are relatively cheap and easy to fly and the gimbal...

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Why I’m Concerned About Real Estate Crowdfunding

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 crowdfunding, (having said that) I’m really concerned about the space in the near-term. Financial technology (fintech) start-ups are hot and it’s relatively easy to raise capital. However, we are in a high valuation environment for quick growth fintech companies due to the low interest rate environment, availability of capital, and the attractiveness of...

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10 Questions Crowdfunding Investors Should Ask Before Investing

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 important aspects of a deal investors should be aware of such as return sensitivities, terms of deal, economic structure, tax implications etc. While the intricacies, structure, and term of the investment are...

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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 it’s apparent in their company web design and general online presence. However, there are a number of firms who are pushing the envelope, learning from their counterparts in more innovative niches, and understand the importance of creating a strong brand...

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Real Estate Investing Podcasts that I’m Listening To

Over the past year I’ve gotten really into podcasts. Shows such as Serial and StartUp have brought podcasts to the mainstream and set the bar high for other podcasters. Not surprisingly, real estate is lagging. While there aren't many quality commercial real estate podcasts, there are a few guys out there, hustling, and doing a good job. Today I wanted to share a few of my favorite real estate podcast episodes. Best Real Estate Investing Advice Ever with Joe Fairless: Joe is a young real estate entrepreneur who's really in-tuned to modern media. I have to give him a lot of credit; he’s...

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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 smart real estate professionals who were “in the know”. However, back then there was almost no transparency about rental or leasing activity, sales prices, who was getting loans and at what rates. The only way you knew that information was based on your own...

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My Thoughts on Real Estate Crowdfunding Part V

It’s been a few months since I provided my thoughts on real estate crowdfunding. In that time interest from operators has only increased, the number of new portals is seemingly endless, and platforms continue to shift towards debt models. While the real estate industry is talking A LOT about real estate crowdfunding, it’s one of those things where a lot of real estate people are hanging around the fringe, but haven’t actually participated in crowdfunding. While we’re still very early in the evolution of real estate crowdfunding, I wanted to share some of the interesting things I’m...

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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, a couple of young guys in Boston making moves. From their reality TV show and brokerage business to their fledgling development company, these guys epitomize what's great about the real estate business. Every time I catch up with these guys they seem to be working on something new and...

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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 platform. Darren is in the trenches everyday which makes him the perfect person to provide a simple overview of real estate crowdfunding today, and discuss the challenges, opportunities, and where it's going in the future. Take it away...

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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 so I spent a couple days working out of my apartment. Working remotely typically isn’t a problem, in fact working on my time in locations of my choosing is often how I’m most productive. I was sitting on my back patio one morning when I got a call from an...

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My Latest Thoughts on Real Estate Crowdfunding Part IV

It’s been a few months since I shared my thoughts on real estate crowdfunding. Interest in the space has continued to grow. I’ve had countless calls with real estate firms and investors looking to dip their toes in the space, although they approach the space with cautious optimism. Earlier this week I was up in Boston where one of the founders of Atlas took part in MIT’s Real Disruption panel on real estate crowdfunding. You can watch the replay here. Other panelists included founder of RealCrowd, Adam Hooper, the Chief Compliance Officer of Colony, and founder of Sourced Capital, Bonnie...

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ASotREG Affiliate Spotlight: REFM

I’ve always believed in being transparent with my audience with the goal of exposing you to the best resources and tools in the real estate business. For those of you who are not aware, I’m an affiliate of Real Estate Financial Modeling (REFM) meaning that every time you click on the REFM link in my sidebar and make a purchase through their site, I earn a small commission.  I don’t recommend REFM because I earn a small fee (at no extra cost to you), but rather because I’ve used their products and they work. I would never recommend a product unless I’ve used it and I thought it would help...

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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 professionals who think differently and take advantage of disruptions in the business. Here are just a few of the things that I’ve been thinking about lately: Branded Single-Family Rentals The emergence of networks like...

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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 acquire the skills typically only obtained by on-the-job experience. Answer, crowdfunding. Start by signing up for RealtyShares, RealCrowd, Realty Mogul, Fundrise etc. Crowdfunding sites consist of networks of high-quality sponsors pitching all types of deals to HNW investors. Here's what you can...

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My Latest Thoughts on Real Estate Crowdfunding Part III

Fresh off the announcement that Fundrise has closed on $31M of funding (giving them $500M in funding capacity!), I figured it was about time I shared a few updated thoughts on real estate crowdfunding. See parts I and II here. It’s been exciting to be in the trenches and watch the space evolve over the past 24 months. Angel and VC Money is Hot for Real Estate Crowdfunding While everyone’s talking about Fundrise’s massive raise, don’t forgot that Realty Mogul completed a $9M raise, and multiple other companies have $1M+ in funding with more money coming their way. This is just the start,...

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My Latest Thoughts on Crowdfunding Real Estate Part II

Back in November I shared some of my thoughts on real estate crowdfunding. Over the past 5 months I’ve met with or had phone conversations with a least 10 new crowdfunding platforms, crowdfunded a portion of the equity on a new deal, and had countless conversations with real estate professions interested in the space. I wanted to share some thoughts based on those experiences. Crowdfunding touches so many pieces of the business and is still in its nascency, so bear with my disjointed thoughts. Crowdfunding Revenue Models Crowdfunding platforms have a variety of revenue models. Some take a...

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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 your government—the largest property owner in the country—might not have any idea that they own it? Unfortunately, this scenario happens far too often. According to a January 11th  article in The Economist, “data collection on public property is shockingly poor.” Even if they were aware,...

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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 will allow a company to run and grow its business, in residential properties it means creating a space that tenants want to live in that enhances their lifestyle. Over the past few years I’ve seen the emergence of a new asset type designed for communities of...

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My Thoughts on Crowdfunding for Real Estate and an Interview with RealtyShares

Note: This post was originally published in 2013. Since then, the industry has evolved considerably. My "thoughts on the real estate crowdfunding industry" should be viewed as  a history of the real estate crowdfunding space. See my latest thoughts to understand where the business is today. Part II - March 2014 Part III - May 2014 Part IV - September 2014 Part V - November 2014 Part VI - May 2015 Part VII - September 2016 It’s been a few months since I’ve shared any thoughts on crowdfunding for real estate. Since then, a number of new crowdfunding start-ups have launched, my company...

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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 navigate the top floor of the 1 World Trade Center in high-def quality. There's no question that this is the future of real estate leasing and marketing (along with many other applications), and it's not far from being mainstream. I was so impressed with their work that asked Floored...

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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 the past few years is asset valuation. I often spend hours in excel just to determine if a deal is worth digging in to. There’s got to be a better way! Bruce Kirsch, the visionary behind REFM, is currently overseeing the alpha release of a new investment analysis software...

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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 estate is just emerging. Although we’re still very early in the game, I believe the time is right to disrupt the real estate investment landscape. Investors are comfortable with the internet, they’re willing to try new things, and companies like...

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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 Floored, a revolutionary 3D mapping program. While Ben and Riggs are real estate practitioners who saw inefficiency in the business and set out to improve it, David is a non-real estate guy who’s shaking up the business. Jason...

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42 Floors: Making NYC Office Search Simple (and Beautiful)

Over the summer my firm expanded into our own headquarters. Being in the real estate business, we decided to undertake the entire process ourselves; who needs a broker to find space? Build out, we can handle that. Interior design, no problem. Fast forward 8 months and we’re finally putting the final touches on the interior design and layout. In that time, we toured more than 15 spaces, dealt with construction delays, managed unresponsive subs, and browsed countless blogs for interior design inspiration. Now there’s a service that simplifies the entire process. Recently launched in NYC, 42...

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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 a new favorite activity. You never know what you’re going to stumble upon; a cool urban park, new ground-up development, historical rehab, or a unique streetscape. This afternoon, just southeast of City Hall, I noticed an interesting automated parking garage concept...

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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 to be a game-changer and one of the founders was nice enough to take the time to sit down and answer a few questions. Enter Mike: Like many great start-ups, the idea behind CompStak came to you from an inefficiency you noticed in the market while...

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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 the Urban Village concept. Enter Peter: How would you describe Su Casa Properties in one sentence? Su Casa Properties is a multifamily investment platform for High Networth Individuals who look to maximize investment returns with an eye towards social...

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Views expressed in “content” (including posts, podcasts, videos) linked on this website or posted in social media and other platforms (collectively, “content distribution outlets”) are my own and are not the views of Atlas Real Estate Partners, L.L.C. (“AREP”) or its respective affiliates. The content should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.