Samir Goel

Important read on the nation's housing affordability crisis. The biggest culprit appears to be single family housing zoning. YIMBY vs NIMBY. Among economists and housing experts, there is a broad consensus about the reason for the fundamental problem of insufficient supply: mostly, local land-use regulation and zoning. Adjusting for inflation, the cost to build a house today is about the same as it was 40 years ago. But inflation-adjusted prices have nearly doubled because there is not enough buildable land to satisfy demand. “We can’t make more land,” Herbert points out, “but we can make better use of it by increasing the density of housing…putting four units on a lot instead of one. So zoning reform gets a lot of attention as a means of increasing housing production.” https://lnkd.in/gNzrZ6ZH

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Critical Affordable Housing Challenges : Webinar The Affordable Housing Crisis: Meeting Today's Most Critical Housing Challenges delves into how the shortage of affordable housing is displacing the workforce and putting a strain on the wider economic system. The segment also explores how factors such as zoning regulations, limited land availability, and high construction costs are preventing critical housing from being constructed. Blocking projects from happening through various tactics is contributing to a growing housing crisis. These adverse actions are not only impacting families, but also businesses that rely on workforce stability. Find more details of the event at: https://lnkd.in/dMSbCCUz Join our WhatsApp community to receive regular updates at: PropTech Leaders Circle- https://lnkd.in/dTSRRKRj Pankaj Gupta, EthAum Venture Partners

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In this comprehensive episode, I join Harborside Partners on the Global Investors Podcast, where I provide an in-depth look at HUD multifamily loans, highlighting their potential to revolutionize real estate investments. I explains the loan types, application process, and eligibility requirements, offering practical advice on navigating the complexities of HUD financing. The discussion also covers the long-term benefits of these loans, including lower interest rates and longer amortization periods, making them an attractive option for investors aiming to grow their multifamily property portfolio. 💡 Tune in to discover how HUD multifamily loans can enhance your investment strategy and unlock new opportunities in the real estate market. 🔗 Watch the full episode here: https://hubs.li/Q02Jd9rj0 https://hubs.li/Q02JcQ-j0 Interested in learning more about Club Capital? Join our preferred investor club to get access to our latest investment opportunities and our education blogs and podcasts. https://hubs.li/Q02Jd1-60 #Multifamily #RealEstate #Debt

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Good piece by BofA on housing dynamics observed via their internal data: - Northeast and West Coast (SF, LA) still seeing net population outflows, albeit their data doesn’t include immigration inflows - South still gaining in population, and BofA questions if even all the new housing supply is enough to keep up with population - Gen Z driving the migration movements (though in the NE cities, it’s older folks moving out) - Interestingly, the makeup of migration within higher growth MSA’s is still skewing toward suburban areas of less density - Young BofA customers are seeking rental housing in near/immediate term, but homeownership still No 1 desired option, with majority saying they want to buy within 5 years (positive case for BTR) #housing #affordability #multifamily #BTR #BFR #rentgrowth #migration #housingsupply #realestate #CRE #realestateinvesting #BofA

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Workforce housing seems to be a key issue in gateway cities. The new EXPLORE Act could be a great opportunity for investors to get involved with the outdoors movement and help shape these communities. In Colorado, several gateway communities are poised to be impacted by this legislation: 1. Estes Park: Gateway to Rocky Mountain National Park 2. Durango: Access to the San Juan National Forest 3. Glenwood Springs: Entry point to the White River National Forest 4. Salida: Near the Arkansas Headwaters Recreation Area 5. Grand Lake: Another key access point to Rocky Mountain National Park 6. Pagosa Springs: Close to the San Juan National Forest 7. Crested Butte: Renowned for access to the Gunnison National Forest 8. Leadville: Near the San Isabel National Forest The EXPLORE Act includes directives for legislators to collaborate with local governments and Tribal Nations to tackle issues like housing shortages and park overcrowding. This aspect is critical, as increased recreation leads to more strain on gateway communities, many of which already face severe housing shortages for locals. This creates exciting opportunities for investors to not only contribute to resolving these challenges but also benefit from the growing demand for infrastructure in these iconic locations. Read more about the potential impact of the EXPLORE Act here... #GroundUpFund #LandInvestors

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So cool to be included alongside such remarkable companies in Philip Russo's Commercial Observer feature on the intersection of PropTech and FinTech. It’s exciting to share this space with innovators like Agora, Cadre, Fractional, Procore Technologies, Realfinity, Roofstock, and  Tongo. The conversation and space is really heating up, and I love to see the diversity of innovation. For Stake, “it’s all about how to be able to incentivize with the right amount of Cash Back, how to be able to help renters use that Cash Back to build more savings, and how to move money on rent payments that helps properties perform better.” This focus on renters’ financial wellness is at the heart of what we do, and we’re proud to bring FinTech solutions into the PropTech that empowers residents and properties alike. #PropTech #FinTech #Innovation

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Top 9 Multifamily Predictions 1. Moderation in rent growth: Expect slower but still positive rent increases compared to recent years. 2. Increased focus on affordable housing: Developers and policymakers will prioritize creating more affordable units. 3. Rise in suburban and secondary markets: As urban cores become saturated, investment will shift to suburban areas and smaller cities. 4. Tech integration: Smart home features and property management software will become more prevalent. 5. Sustainability emphasis: Green building practices and energy-efficient upgrades will gain importance. 6. Amenity evolution: Shared workspaces and outdoor areas will be in higher demand due to changing lifestyles. 7. Continued challenges in construction: Labor shortages and material costs may impact new development timelines. 8. Shift in investor strategies: More focus on value-add opportunities and repositioning existing properties. 9. Regulatory changes: Potential new policies affecting zoning, rent control, or tax incentives could impact the market. 📈 Stay ahead of these trends! #RealEstate #MultifamilyLiving #RealEstateInvesting #BuildYourLegacy #FutureWealth #InvestInYourself #PropertyInvestment #FinancialFreedom

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Asset-Based Lending in Retail: Understanding a tenant's funding and debt Drawing on years of experience evaluating portfolio companies backed by private equity, I've seen firsthand how financing and debt can make or break a business. In this series, I’ll be exploring various financial products that every retail landlord should understand when reviewing a tenant’s financial statements or quarterly results. The way a retailer uses debt isn’t just a line item—it’s a signal of their strategy and stability, and it’s crucial to know what you’re really looking at. When evaluating retail tenants, tenant due diligence should always include a deep understanding of how leveraged a tenant is—essentially, how much debt they are carrying relative to their operating earnings. This becomes especially critical when a retailer turns to asset-based loans (ABLs). While they can be used effectively, strained finances or high-growth strategies can effectively tie-their hands in future negotiations. For retailers in deep distress, the incentives from ABLs, typically tied to the value of inventory, can appear as a lifeline. These loans might be the only option for those trying to stabilize their business or drive rapid growth. However, while ABLs can provide much-needed liquidity, they can also push retailers into a cycle of accumulating debt that becomes increasingly difficult to manage, as  Revlon did. As a result, the business might start collapsing, dragging suppliers and other stakeholders down with it. It’s a financial strategy that works—until it doesn’t. Unlike traditional first-lien debt, which is usually structured as a standard loan at SOFR plus a margin, ABLs incentivize retailers to purchase inventory continuously. To borrow more, the retailer needs to have more inventory to pledge as collateral. This dynamic has been observed repeatedly: retailers keep buying inventory, even when it’s not in their best interest to do so. Additionally, the inventory securing these loans is often valued at liquidation prices, which can fluctuate based on retail conditions. This means the retailer is trapped—they can’t discount inventory to drive sales without undermining their collateral base, which would cut off their access to working capital, this is the situation Big Lots found themselves in. In essence, the very mechanism meant to provide financial stability can, under the wrong circumstances, lead to a company’s downfall. My next article will point out possible red flags or questions to ask. #tenantduediligence #inventoryABL

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Ep. 115 - Cross-Border Real Estate Investment: Insights from MSF Capital's Michael Felman Listen to the podcast here: https://lnkd.in/gbRD6REi Join us on this insightful episode of Family Office Real Estate Insights, featuring Michael Felman of MSF Capital Advisors. With years of experience in both the legal and investment sectors, Michael brings a wealth of knowledge on cross-border investments, family office operations, and the dynamics of global real estate markets. In this discussion, we dive deep into the evolution of family offices from traditional investment avenues to sophisticated, global real estate ventures. Michael shares his journey from practicing law to establishing a family office focused on angel investments, eventually leading to the creation of MSF Capital Advisors. This advisory firm caters to an exclusive clientele of family offices around the world, guiding them through the intricacies of investing in diverse markets. Key highlights include: - The shift from legal practice to international real estate and venture investments. - The foundation and growth of MSF Capital Advisors, serving family offices globally. - Insights into cross-border investment strategies, including the importance of local partnerships, understanding cultural nuances, and navigating legal and tax implications. - The role of family offices in today's global investment landscape, emphasizing long-term relationships over immediate transactions. - Michael's unique approach to building trust with international clients, underscoring the value of personal connections in business dealings. Whether you're a seasoned investor looking to expand your horizons or new to the realm of family office investments, this episode offers valuable perspectives on navigating the global real estate market. Michael's experiences and insights shed light on the complexities and opportunities that lie in cross-border investments, emphasizing the importance of patience, diligence, and strong relationships in achieving success. Don't miss out on this engaging conversation that bridges the gap between local expertise and global investment ambitions. Subscribe to Family Office Real Estate Insights for more episodes that explore the latest trends and strategies in real estate investments. #familyoffice #familyoffices #foreinstitute #djvankeuren #familyofficerealestate

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Today, we have a special guest, my friend and Realworld Asset Group advisor and investor, Brett Brewer. We're privileged to present a rare, insightful interview with one of the most esteemed and influential figures in the Los Angeles tech market and beyond. In this episode, we explore Brett's journey through entrepreneurship and investing, his impact on the tech community, and his various philanthropic initiatives, such as co-chairing Alliance Charter Schools and LA Tech Cares. Brett wasted no time; at age 17, he started doing real estate deals. During the dot-com boom of the late '90s, he founded Intermix Media, which owned and catalyzed MySpace, leading to its landmark acquisition by News Corp. After the MySpace sale, Brett took the helm at AdKnowledge, grew it to $300M in revenue in two years, and subsequently sold the business. Brett's story is inspiring—he took his winnings and expertise and reinvested them back into the LA tech market by co-founding Crosscut Ventures with Brian Garrett and Rick Smith in 2008. Over the past 15 years, Crosscut has invested in over 175 startups, profoundly shaping LA's tech landscape. The interview is great, so stay tuned for Brett’s memorable “Brettisms”—pearls of wisdom that stick with you long after you hear them. 🎧 Listen to the latest episode of The Kurty D Show: https://lnkd.in/gNZwRFk7 #thekurtydshow #uniqueperspectives #podcast #rwagroup #crosscutventures #myspace #latech #tech #startup #entrepneurship #business #team #sucess #realestate #dotcom #ecommerce

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Some positive notes (ie full payoffs), but distress was mounting through August per CREDiQ. Thanks for the insights Michael Haas “Perhaps the most striking metric is the January-through-August growth in full payoffs. From under $1 billion in January to $11 billion in August — full payoffs saw a massive 1,548.3 percent increase. …maturity extensions and loan modifications, the so-called “extend and pretend” category, continued to grow — rising 326.9 percent to $16.7 billion. …Foreclosures grew 272.6 percent reaching $19.2 billion in August. …REO notched a 22 percent increase.” #foreclosures #workouts #distress #specialassets #specialservicer

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I will be in Palo Alto on June 18th for exclusive insights into AI investments in partnership with Stanford University's Center for Humane Artificial Intelligence. I plan to provide insights relating to AI investing, research, and enterprise implementation with fellow Multifamily Innovation® Council members. We'll be ending the day with a fireside chat with Reid Hoffman and Chris Yeh. Given the exclusive nature of this event, message me for specifics and I can share for approved guests only. What questions do you have about AI, technology, and the impact on Multifamily Investment and Operations? #Multifamily #MultifamilyInnovaitonCouncil #proptech #MultifamilyTechnology

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🎓 Join Us at the IMN 4th Annual Student Housing 360 Forum! 🎓 I'll be speaking on a panel at this year's IMN Student Housing 360 Forum to discuss how family office investors can diversify with student housing investments. We'll be diving deep into some critical topics that matter to family offices and high-net-worth investors, including: What makes student housing an attractive asset class to high-net-worth and family office capital? ROI expectations for family office investors Which subsets of student housing are most appealing to family offices? Succession planning and wealth transfer planning for family offices Managing relationships with family office investors Co-investing in student housing with other families Join us as we explore these key issues and share insights alongside other industry leaders. It's going to be a valuable discussion for anyone involved in or considering student housing investments. Looking forward to connecting with you there! #IMNForum #StudentHousing #FamilyOfficeInvestments #RealEstate #InvestmentStrategies #HighNetWorth #WealthManagement Max Pog #SuccessionPlanning #CoInvesting #CRE #Acumen TIGER 21 DC Finance's Global Family Office & High Net Worth Community J.P. Morgan Private Bank National Multifamily Housing Council Bisnow Martin Kelly JLL CBRE Marcus & Millichap Transwestern TSB Realty Newmark KLNB Walker & Dunlop Student Housing Insight Richard Kelley Matthew Berger Dave Borsos

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“Multifamily CRE also faces cyclical challenges from oversupply and rent control issues in select markets, but the supply-demand imbalance is expected to resolve over time. In the meantime, inflated operating expenses and still-elevated interest rates continue to pressure net operating income for multifamily borrowers, especially those on interest-only loans. Pressure from multifamily CRE should remain within ratings expectations for U.S. banks.”

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Investors find a new avenue to help disposition and sell properties. Only on Redy will you find new agents ready to submit proposals on their listing commission, term and upfront cash incentive to be paid when the listing agreement is signed. Call us today to schedule a 10-minute discovery call. #investSmart #RealEstate #SFR #InvestmentOpportunity #Redy

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🚀 Excited to announce our latest episode of The Stash Cast featuring Andrew Ackerman! 🎙️ Andrew is a VC, founder, and the Head of REACH Labs at Second Century Ventures. In this episode, we dive into what VCs look for in startups, the role of timing in innovation, and navigating the proptech and construction tech landscapes. Whether you're a founder, an investor, or just curious about the startup world, this episode is packed with insights you won't want to miss! 🔗 Listen now: https://lnkd.in/ghWzWniK #Startup #VentureCapital #PropTech #Innovation #RealEstateTech #Podcast #TheStashCast

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In my role as Chief Impact Officer, I've been steadfast in my stance that all successful impact investments must be tied back to meaningful measurement. For affordable housing, that means focusing on housing stability, health & wellness, socioeconomic outcomes, and economic & fiscal community benefits. In this article for Affordable Housing Finance, my colleague Lynn Ambrosy, Managing Director, Advantage Capital Affordable Housing, explains how we accomplish this. #AffordableHousing #ImpactInvesting

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Having the right team is crucial when tackling tough problems.  With the Impact Growth Fund, we prioritize people, partnerships, and real change, not just numbers and buildings.  Our leadership team has decades of global experience, and we are now using that expertise to address one of the most pressing crises in the U.S.: affordable housing. This isn’t just another investment opportunity—it’s a partnership in impact.  Together, we’re transforming the U.S. affordable housing market, delivering homes that are energy-efficient, high-quality, and truly affordable.  While we make this change, we’re also offering our investors the chance to earn sustainable, long-term returns. We’re inviting you to join the Impact Growth Fund and help create something bigger than financial returns. Let’s make an impact together. Join me this Thursday at 2 p.m. Register here: https://lnkd.in/ga35-xme #Leadership #AffordableHousing #ImpactInvesting #GlobalToLocal #Partnerships

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