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Growing a Development Platform, Stephen Hutto @ 40|M
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In this interview, I spoke with Stephen Hutto, CEO of 40|M. They are an opportunistic value-add investor in the Dallas market. He was previously the CIO of Gemdale USA, a real estate investment and development company that is the US arm of a Chinese-based multi-national developer.
We discuss what it takes to grow a national development platform from scratch, what the transition is like to go from working for a multinational to working for himself, and the general state of the US commercial real estate market. Along the way, we also ponder just how bad this market is going to get.
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