ππΌ A little about me: in CRE since '06; 10+ yrs on the sponsor side, developing/capitalizing ~$1.5B in seniors housing in the US and UK since 2011. Our latest project in NJ is below.
I share experiences on development, LP/GP deal structuring, and seniors housing.
@thesamparr LL Bean Totes. Also check Shinola (not sure if they do promo). I have a promo person who can do low MOQs and might be able to source made in USA (dm if you want contact). Could buy a barrel of whiskey and customize (I have a friend in the whiskey biz, too).
I was a junior in college and I knew absolutely nothing about real estate
While at a meet-and-greet for my upcoming summer internship,I met a successful local RE developer/operator (worth $10MM+ in his 30s)
I could tell immediately he was the real deal so after talking to him for a while and really hitting it off, I asked him for his business card
Told him I really wanted to learn and that he could send me any extra work or anything he didn't want to do and I'd do it for free
Since he liked me and had nothing to lose, he agreed
He started off by sending me all kinds of menial tasks that would be "below" most interns
(formatting word docs, checking 50+ page documents for errors, and even one time manually downloading 3,000+ contacts in excel)
Eventually, as he began to trust me more, he'd send me more important stuff to do
Next thing I knew, I was checking models for errors and researching submarkets to see if they were viable, all for free
While I'd do the bitchwork, I'd pepper him with (intelligent) questions
How does xyz work?
Why do you like this deal?
Wouldn't doing it that way leave you open to xyz risk?
Why do you structure xyz like that?
Wow, doing it like that must be very profitable
And he was more than happy to answer all of them. Basically learned years' worth of info in weeks
He thought he was getting the better end of the deal (free work and all he had to do was talk about topics he enjoyed)
I thought I was getting the better end of the deal (trading the hours I would've otherwise spent boozing to acquire absolutely priceless knowledge)
Eventually, after picking his brain for a few months, I figured out his acquisition strategy
I signed up for every broker's email list I could find and started sending him deals,
Analyzing it first and then sending it to him. I had no idea what I was doing at first, but gradually I learned to spot a good one from a bad one
I started becoming very good at it and found him several extremely good deals (although we never ended up buying any of them)
Once I started working full-time, I stopped working for him, but we've remained really good friends ever since and talk regularly
Heβs even invested serious cash in my personal deals and always helps me out whenever I need anything (and I do the same for him)
I see so many people asking about how to get a mentor and they all approach it the wrong way
They all try and extract value from him
In reality it should be the other way around - you need to provide the value
For those of you who say it's not possible or that you don't know enough about real estate to provide value, you're dead wrong
Everyone, even multimillionaires, have something they want or some part of their life made easier
I knew nothing about real estate, but was able to provide a ton of value as a college kid
(Hint: The easiest way to "provide value" when you have no skills is to find out what someone hates and offer to do it for them. Very few people will say no)
Ironically, once you start providing value, you reap far greater rewards than you could have ever gotten from solely trying to extract value
So if you want a mentor, don't cold email him and ask to pick his brain over coffee
Instead, try to provide value in any way you can
The response to our "public" launch has been amazing. More than any of us thought
On the real estate/deal side ... I am completely swamped with projects and opportunities. And so I need to hire someone to help me figure out which are the best ones. Both for manufacturing capacity and pragmatically for our (real estate) investors.
So I'm hiring a Senior Analyst. You'll work directly with me, though you'll have a lot of interaction with everyone else on the team.
I have trained a lot a great analysts, but this will not be one of those times. This will need to be someone who knows exactly what they are doing
14 months ago, we were just moving into our first factory. Over that time, we built 2 versions of our machines, outgrew the space, moved into a second one. Filled it out, and then built a house made entirely out of materials that we produced.
AND at the same time, managed to make the design BOTH be beautiful AND (relatively) less expensive ... so that we can build projects that achieve greater than market returns for our real estate investors.
I was on the road over 120 days last year. By the far the most in my entire career. And this year will easily surpass that (you will not need to do that)
The point is ... you will be joining a very hardcore team in an intense work environment. If you enjoy that, in service of one of the most important missions facing AND you already have the skills to run deals >99% on your own ... we'd be honored to have you join.
If that doesn't fit you, we will still need quite a few people to join the real estate and finance teams shortly. This is for a very specific role.
You will certainly have the opportunity to grow into any role later, so if you are overqualified, that can be fine. But I am looking for the best possible analyst.
Link below β¬οΈβ¬οΈ
If you want to become an expert, write a book and take it seriously.
The process is tedious, but it will force you to learn *everything* about the topic.
Practicing your craft each day is essential, but putting in the research to get a holistic view of your profession is incomparable.
Would recommend this to anyone trying to take things to the next level.
Sharing here for the senior living folks:
I am growing my team and hiring for a Business Development Exec
Our partnerships are largely done at C level
High growth high impact
Overview:
We are a small but exceptional group of individuals scaling the market
Must be able to thrive on your own, but also work seamlessly within your own team & others within the org
Strong preference for:
-Working knowledge of the relationship between the real estate and operations in Senior Living, in particular value drivers to the real estate
-Experience with Value Based Care
-Currently selling within the industry to leadership positions
Some highlights on us:
*The leading hardware, software, data analytics platform in the industry, all proprietary.
*Currently touching 10,000+ residents daily, with a multiple x of growth in pipeline
*Extensive roadmap with a product and engineering team building WITH the industry not just FOR the industry
*$35 million series B led by IVP late 2024
Ideal locations in: Southwest, Northwest, Southeast
MUST: High Integrity
The work is hard, itβs intense, but incredibly rewarding.
@gregisenberg Asked ChatGPT Deep Research - produced a 25-page doc (linked below). Summary: creativity, trust & empathy become premium; data and distribution moats will drive success.
https://t.co/Dbi28yQdYl