Multifamily Masterclass podcast

15:25

In this episode of Multifamily Masterclass , host Bart Diehl is joined by Heidi Butler and Jamison Manwaring to break down the latest trends in multifamily supply and demand. We analyze market absorption rates, the impact of rising interest rates on rental demand, and why affordable housing remains a critical issue in Arizona. Looking ahead to 2025, we discuss how the new administration’s economic policies—especially interest rate shifts—will influence multifamily investments and development. With a sharp decline in new supply and steady rent growth on the horizon, we explore why now could be a prime moment for multifamily owners.…

Multifamily Masterclass

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Ep. 170 - 2024 Neighborhood Ventures Recap & Highlights 21:02

acum 8 weeks21:02

21:02

In this episode, we share exciting updates on our latest projects and reflect on an incredible year for Neighborhood Ventures. Here's what you'll hear: Capital Raise Milestone: Venture on Colter is over 80% funded, with plans to close on the building in early February. We're thrilled to seize opportunities in a down market and share why we believe this is a prime time for real estate investing. 2024 Highlights: From fully leasing and refinancing our Venture on 36th Street property to the successful launch of our Arizona Multifamily Opportunistic Fund and its first acquisition, Venture on Colter, it’s been a record-breaking year. Exciting Milestones: - Rezoning success at Venture on Country Club, paving the way for long-term leasing. - Venture on Mountain View joining NV REIT via an Upreit transaction, improving the tenant profile and securing a sub-4% permanent loan. - Over 85% of Mountain View investors choosing to stay with NV REIT. NV REIT Updates: Learn how our unique REIT structure allows everyone to invest in a diverse portfolio of cash-flowing assets. Plus, we discuss the parallels between the stock and real estate markets and the impact of rising interest rates, emphasizing why this market presents a rare opportunity to invest in discounted deals. Join us for a recap of a transformative 2024 and insights into the opportunities ahead!…

Multifamily Masterclass

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Ep. 169 - Distressed Assets, Smart Renovating & Strategic Neighbors 14:05

acum 11 weeks14:05

14:05

In this episode of Multifamily Masterclass , host Bart Diehl is joined by panelists John Kobierowski and Amanda Schwicht to dive into the unique acquisition of Venture on Colter. Being one of only 33 multifamily assets of 100+ units sold in Metro Phoenix in 2024, this deal stands out as a rare opportunity. We explore: The art of acquiring distressed assets at significant discounts. Why Venture on Colter shines, thanks to $2M in smart renovations and minimal future updates from the previous owner. The perks of being neighbors with GCU, from enhanced security to community upliftment. A message to investors: Why this property is poised for success and how it stacks up in today’s market. Tune in to learn how strategic investments like these pave the way for long-term success in multifamily real estate!…

Multifamily Masterclass

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Ep. 168: NEW OFFERING! Venture on Colter | 123 Units in Central Phoenix 23:42

acum 13 weeks23:42

23:42

Exciting News from Multifamily Masterclass: Venture on Colter! In this episode, host Bart Diehl is joined by Neighborhood Ventures CEO Jamison Manwaring and Director of Property Management Heather Andrews to dive into the details of their latest acquisition, Venture on Colter. This property marks the first asset in the Arizona Multifamily Opportunistic Fund, acquired at an impressive 30%+ discount. Located in Central Phoenix near Grand Canyon University and the I-17, Venture on Colter features two buildings with a total of 123 units—positioning it as a standout addition to the NV portfolio. Want to know how you can invest? Here are your options: Direct Investment in Venture on Colter with a 12% preferred return. Fund Investment through the Opportunistic Fund, offering a 16–20% annualized IRR. Tune in to hear why this acquisition is such a game-changer and what it means for investors. We're thrilled to share this milestone and the opportunities it brings!…

Multifamily Masterclass

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Ep. 167 - Trump Won the 2024 Election: What this Means for Real Estate Investors 29:12

acum 17 weeks29:12

29:12

Topic 1: Trump Won the Presidency Donald Trump is going to be the 47th president, and he has a republican majority in the Senate. We chat about how a Trump presidency is already changing the Stock Market, interest rates have gone back up which was a surprise to many voters. We have seen positive changes in the eyes of the market but we know there are always two sides to every story. We cover Trumps promises and where we think real estate fits into his plans. We also touch on immigration; Arizona being a state that is on the border of the U.S. and Mexico. Topic 2: CNBC Goldman Sachs Forecasts S&P to perform well under 8% in the next 10 years (potentially closer to 3%). We discuss how this might make investors look at investing in other options such as treasury’s and real estate for higher returns. Topic 3: Newsweek Article “A City within a City” This project, Halo Vista, happening in Arizona will add housing, industrial and office spaces. Chip designers, engineering students and other similar people will all be able to live in this community out by the TSMC plant. This will also bring thousands of jobs to the area. Topic 4: Apartment REITs outperformed on rent growth. Lots of supply kept competition for units low and now, as supply plummets, competition is getting tighter and rents are going up. We are also seeing trends showing that mega apartment buildings with 500+ units are becoming less desirable, and people are looking to join a closer knit community at smaller apartment buildings.…

Multifamily Masterclass

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Ep. 166 - Don't California My Arizona: Why is AZ so HOT?? 29:35

acum 21 weeks29:35

29:35

This week, Multifamily Masterclass gets lively as host Bart Diehl teams up with panelists Heidi Butler and Jamison Manwaring to break down the latest news and trends in multifamily real estate—with plenty of laughs along the way! First up, we dig into the heated debate on political rent caps. Are they a necessary tool to protect renters, or a barrier to investors? We explore how rent caps affect the multifamily market, the ongoing supply-demand dilemma, and whether a national rent cap is even possible. Can landlords and residents both win? Then, we dive into why multifamily construction is taking a nosedive. In 2024 alone, 168,000 more units have been completed than started—what’s going on? We’ll discuss why this matters for investors, and whether rents and property values will rise as a result. On a lighter note, we play a fun game with surprising data from Zillow, guessing which apartment amenities renters are hunting for—some answers may shock you! Finally, we tackle Arizona’s sizzling buzz, from the much-anticipated Cannon Beach water park finally opening to the pickleball craze sweeping the state. And with the steady flow of Californians moving in, could Arizona be on its way to becoming a blue state? Arizonans have plenty to say, especially those chanting, “Don’t California my Arizona!…

Multifamily Masterclass

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Ep. 165 - The Fed Interest Rate Cut and How it Affects Multifamily Investors 19:22

acum 23 weeks19:22

19:22

In this insightful episode, host Bart Diehl sits down with industry experts John Kobierowski and Heidi Butler to explore four pressing topics shaping the current real estate market. From the Federal Reserve’s recent interest rate cut and its implications for investors, to why many investors are hitting pause on new ventures, we dive deep into the forces at play. Our panel also unpacks the surprising reasons behind baby boomers holding onto their homes, and the growing trend of people flocking to Flagstaff. Whether you’re a seasoned investor or just curious about real estate trends, this episode offers valuable perspectives you won't want to miss.…

Multifamily Masterclass

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Ep 164: The Power of Discipline: How Larry Gustafson Built a Real Estate Empire from Nothing 40:37

acum 24 weeks40:37

40:37

In this episode, Jamison interviews seasoned real estate investor Larry Gustafson, who started his investing journey with just $500. With a background in insurance and real estate, Larry has amassed a portfolio of over 67 investment properties, and remarkably, not a single one has been a loss—his closest call still turned a small profit. He shares his experience, hoping to inspire even one listener to take the leap into investing. Larry walks us through his journey from the very beginning, including how he still lives in the first house he ever bought. His secret? He saves over 50% of every dollar he earns. Larry explains the importance of this disciplined approach and why it’s worth considering, even though it’s not always easy in today’s materialistic world. We also delve into how he maintains his focus and resists temptations, his criteria for identifying the perfect investment property, and what red flags to avoid. Larry closes out the episode by offering his best advice to the younger generation: How should you be allocating your hard-earned money today?…

Multifamily Masterclass

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Ep. 163: Rent Caps, Market Shifts, and the Return to Home 21:58

acum 29 weeks21:58

21:58

Tune in to this week’s episode of The Multifamily Masterclass Podcast, where host Bart Diehl is joined by panelists Jamison Manwaring and Heidi Butler. Together, they explore the evolving landscape of the multifamily market as we edge closer to the 2024 election. They also delve into the generational shifts affecting when young adults are moving out of their parents' homes. This episode covers key topics, including: Topic 1: Political Rent Caps We dive into the Biden administration's controversial proposal to implement a 5% annual rent cap. Was it more about politics than practicality? With Biden stepping out of the race and Harris staying silent, we explore the pros, cons, and potential consequences of such a policy, while acknowledging our own biases. Topic 2: Market Insights The rental market is undergoing significant shifts. From the expected delivery of 2 million new rental units by 2028 to the impact of record-high home prices, we analyze how these trends are playing out, particularly in the Phoenix market. What does the future hold as construction slows and rents potentially rise? We'll also discuss the growing gap between renting and buying, as more people choose to rent in response to high interest rates. Topic 3: The Rise of Adults Living at Home With 17% of adults aged 25-35 now living with their parents—up from 7% in 1970—we explore the social and economic factors driving this trend. Is it just about affordability, or are there deeper cultural shifts at play? Plus, Bart shares his hot take on what he thinks might be the solution. Join us as we break down these complex issues and provide our insights on what they mean for the future of real estate.…

Multifamily Masterclass

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Ep 162: Will Multifamily Real Estate Remain Stable During this Time of Distress?? 25:27

acum 34 weeks25:27

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Join host Jamison Manwaring, CEO of Neighborhood Ventures, and Bart Diehl, Director of Investor Relations, as they dive into the dynamic world of multifamily real estate. In this week's episode, they analyze ABI Multifamily's latest housing report, revealing a dip in sales and the resilience of 100+ unit properties owned by large institutions. Despite widespread distress in commercial real estate, multifamily and industrial properties remain stable. Discover recent multifamily sales in Phoenix, including details on unit counts, sale prices, and demographics. The hosts also discuss WaFed's major asset sale to Bank of America, as reported in Forbes, and its implications for future lending opportunities. Understand the current lending freeze and its impact on real estate operators, along with factors driving market demand, such as rebounding renter household formation, increased supply, affordability, and stable apartment occupancy. Addressing a New York Times article suggesting trouble in the multifamily sector, the hosts support Jay Parson's rebuttal, emphasizing record-high apartment demand. Learn about the Arizona Multifamily Opportunistic Fund launched by Neighborhood Ventures, as Bart quizzes Jamison on the fund's objectives, criteria for asset selection, and strategies for achieving exceptional returns. Tune in for expert insights, market trends, and investment strategies in the multifamily real estate sector!…

Multifamily Masterclass

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Ep. 161: Most Asked Questions from Investors - Q+A with Jamison Manwaring 13:25

acum 36 weeks13:25

13:25

Welcome to Multifamily Masterclass, the ultimate podcast for real estate investors and enthusiasts seeking to navigate the multifamily investment landscape with confidence and insight. In this episode, Bart asks our CEO Jamison our most frequently asked questions from Investors. Specifically, they dive into: Risks of Investing: Compare the risks of investing in stocks versus private real estate and discover why multifamily investments might be your safest bet. Market Insights: Get an expert’s take on the current market trends and what opportunities and challenges lie ahead. Capital Calls: Find out why Neighborhood Ventures is saying no to capital calls and what this means for your investment strategy. Deal Evaluation: Learn how to distinguish between a good deal and a bad deal with Jamison’s tried-and-true evaluation criteria. Asset Criteria: Uncover the specific criteria that an asset must meet for consideration by Neighborhood Ventures. And lastly, Market Indicators: Identify the key indicators that differentiate an upswing area from a downswing area and make smarter investment decisions. Join us for an engaging and informative discussion that will elevate your understanding of multifamily real estate investments and help you master the market. Don’t miss out on the insights that could transform your investment strategy!…

Multifamily Masterclass

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Ep. 160: The Shifting Rental Market & Housing Outlook 12:11

acum 37 weeks12:11

12:11

Join us as we unpack the latest trends in the rental market. While rents and occupancy rates are declining in many areas, Phoenix remains stable and continues to grow. We highlight cities facing the worst occupancy levels, such as Myrtle Beach, San Antonio, and Augusta, and discuss how recent construction booms have impacted these markets. Despite Phoenix's ongoing growth, we address concerns about future interest rate hikes and the potential decline in new housing starts. Many experts predict rising rents and sustained high demand for houses, even with high-interest rates. We'll also review a CNN article discussing the hidden costs of homeownership, debating whether renting might be a smarter choice for now. Plus, we compare the pros and cons of buying new construction homes versus older properties, focusing on the associated costs of each. Tune in for a comprehensive analysis of the current housing landscape!…

Multifamily Masterclass

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Ep. 159: Arizona Rising: Renters, Remote Work, and the Semiconductor Surge 17:32

acum 39 weeks17:32

17:32

In this episode, we explore the latest trends shaping Arizona's economy and lifestyle. With baby boomers increasingly choosing to rent and remote work becoming the norm, the commercial real estate market is facing unprecedented challenges. We'll discuss why many owners are selling their properties at a loss and how some companies (not ours) are resorting to capital calls. Arizona is also at the forefront of a semiconductor boom, with TSMC surpassing Intel and creating thousands of new jobs. We'll delve into how local universities are preparing students for these opportunities and the impact of major companies like Kohler investing in the state. Tune in to understand the dynamic changes happening in Arizona and how you can benefit from them.…

Multifamily Masterclass

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Ep. 158: Update on Chip Plant Progression in AZ, Affordable Housing, and Interest Rate Predictions 20:52

acum 42 weeks20:52

20:52

In this week's episode of our podcast, we discuss in detail how the TSMC and other chip plants are changing the future of Arizona, and how this brings a drive for more affordable housing in the valley as well. We also talk about the development of the next tallest tower in Arizona, which includes office spaces, apartments, and a new affordable co-housing option, called Urban Suites (much like student dorm housing). Lastly, we cover how renting will be cheaper than buying real estate for years to come, compared to previous trends where renting and buying were almost the same price in the past. With this in mind, we share our thoughts on how we can let this housing trend be our friend, although some people may not be happy with the prices of housing today, there are several advantages to renting for the time being.…

Multifamily Masterclass

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Ep. 157: How to Invest your IRA Money into Real Estate: Interview with Mat Sorensen, CEO of Directed IRA 30:17

acum 46 weeks30:17