Michael Episcope: As a passive investor, yes, it sort of getting my point. He currently resides in the Knox Henderson neighborhood of Dallas and is originally from Ohio. Any investment opportunities mentioned on this podcast are limited to accredited investors. I love it. I saw the impact that a good real estate Proper real estate investing could make. Cause this is, its a little new to me. In her roles, Gina specialized in Front Office operations where she was responsible for managing guest feedback and supporting the team to deliver personalized service from arrival to departure. In this week's episode, hear how The-Dream started working with some of the biggest artists in music, decided to go independent as a musician, and jumped into the fashion world by enrolling in the. Michael Episcope: Yeah. Michael Episcope: Well, youre not alone. This field is for validation purposes and should be left unchanged. Michael Episcope: Well, we bought it at very low occupancy so [overlap talk]. At Stony Point, Kevin grew to lead the day-to-day management of the firm and was responsible for the entire life cycle of the firms investments & developments. As it stands today, we are buy-fix-sell, so typically the average hold-period is probably three and a half years. 11. But because its in fund to, we have a specifically designed strategy where we are going to sell this asset but well probably hold it, six-years versus our five-year business plan because its going well. Prior to joining Origin Investments, Justin was a Client Service Administrator for Strategic Wealth Partners, a private wealth advisory servicing high-net-worth individuals located in Deerfield, IL. He has more than 25 years of investment and risk management experience. They then brought on friends and family and then continued to grow its investor base. We had a deal that we kind of We ended up buying a distressed pool of debt from a bank and it was one of these crazy days when the market was down 800 points, and you know, everything was down. I dont know if youve read it. Their drama-fueled relationship eventually ended up in divorce, but the Brazilian reality star's professional life took off. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. Prior to joining the Origin team, Jacob worked at KPMG as a Real Estate EVS Senior Associate where he performed over $15.0 B in property and portfolio level valuations across all asset classes. Some assets weve sold in a year and a half, some assets we hold five or six years. Thats a great strategy. Rod Khleif: Guys, just so you heard that, hes in at the third equity instead of the typical agency debt. Jacob is responsible for underwriting prospective commercial real estate investments across all property types and target markets. Tijana received a Bachelor of Arts in Data Science and Global Business from Mount Holyoke College and is a licensed sales Broker in Illinois. Ut porttitor ligula eu elit ornare tincidunt. Kate's true passion (outside of work) is investing and advising early-stage startups. Students Get $20 Off $100+ Worth of Orders . Scott explains that with commercial real estate, the value is based upon the net operating income . I was sort of the 35 years of age, I was the old guy in the class, which was kinda fun as well but I just believe in continuing education, learning and things like that. At Origin, she is responsible for running our office smoothly and daily administrative duties that include managing calendar appointments, completing expense reports and arranging travel plans, itineraries and agendas. Her net worth is an estimated $500,000, according to ScreenRant. In her role, Tijana is responsible for analyzing asset performance, evaluating competitive market conditions, and collaborating with the acquisitions team on the underwriting and due diligence efforts during for the new multifamily investment opportunities. She is on the Young Adult Board for Horizons for Youth, a Chicago non-profit, and is a member of CREW's Network Liaison Committee. Let me ask you this, you obviously have incredible success, is there a dark time in this real estate journey that youd be willing to share with people? Michael Episcope: Yeah. Take care. He was involved in the underwriting, assessment, management and liquidation of commercial real estate and recommendation of resolution strategies for non-performing loans. Rod Khleif: Let me ask you this, you find an A-minus asset, or a B-plus asset, its not like the heavy reposition that you would do on a C-asset where youre going in and completely redoing the interior and all that. Geoff holds a Bachelors degree with a double major in Sociology and English from College of the Holy Cross and a Masters degree in Strategic Marketing and Communications from DePaul University. Jennifer went to Bradley University in Peoria, IL. Then in April 2016, she joined the Origin family. His primary profession as a comedian has allowed him to amass enormous wealth. I mean, with an Excel spreadsheet, you can make any deal look great. Bill is responsible for the performance of Origins multifamily projects and leads due diligence and pre-construction efforts. The value of continuing education Kyle lives in The Nations neighborhood of Nashville. Isabela is an assistant vice president in the Investor Relations department who is responsible for ensuring that our current investors are up to date with their investments and educating our future partners about Origins offerings. Michael Episcope: You know where the value [overlap talk]. Michael Episcope: Yeah. He had five, six, seven deals that were all going south. Previously she studied accounting as a undergrad at Capital University of Economic and Business in China. During his education at DePaul University, he served as Treasurer and President of his fraternal organization. . Ken joined Origin in 2018 as an Associate on the Investment Management team. Michael Episcope: Were in Chicago, Denver, Dallas, Austin, Houston, and then Charlotte, Raleigh, and Atlanta. Barbara is the content strategist in Origins marketing department. It was the right thing to do at the time. Michael received a Bachelor of Arts degree from Depaul University. She graduated from Marquette University with a Bachelor of Business Administration in Real Estate and Finance and was a member of the Marquette Women's Soccer Team. He was raised in well-settled family background. I can give you a couple of examples if you want. If you try to be a generalist, frankly in any business In fact, I just preached about this in my live event, How to Think and Grow Rich Napoleon Hill said, The key to success is specialized knowledge. You have to be a specialist. If fund for, look for changes coming up in that strategy, and more of a hybrid evergreen to buy-fix-sell to more of a buy-fix-hold. The materials created by Michelle are essential to acquiring, nurturing, and converting leads, as well as engaging and retaining existing investors. The video has had 9.6K views so far. Cause you touched on it with me offline, Id like my listeners to hear that. . Michael Episcope: Thanks, Rod. Rod Khleif: The lesson was, you looked at the asset and the asset looked great. Michael Episcope: I think thats where a lot of people make the mistake, its looking at, and comparing returns to one another. If you can build value and continue to build cash flow in the asset, we leverage two to one to equity. Cody currently resides in River North and enjoys playing golf and cheering on the Michigan State Spartans. If that would have turned out great and I wouldnt have founded it and maybe I would still be a passive investor today, but I just looked at it and said, I can do better than this. And my partner and I came to the same conclusion and said, Lets do this. [overlap talk]. Frank McKinney: Real Estate Artist, 5-time International Bestselling Author, superhero meets Robin Hood, Philanthro-Capitalist, Ultramarathoner, Actor, and Visionary who sees opportunities and creates markets where none existed before. So I spent the next year, youd think this would be a slam-dunk, but working between the lawyers and the courts, flying down to Austin and testifying, and trying to wrestle this away. By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. At Northwestern, Tommy played on the baseball team and was a member of the Leadership Council Institute. Prior to joining Origin Investments, Tommy worked as a Private Capital Manager at Metropolitan Capital where he was responsible for managing existing client relationships and underwriting new credit facilities within the organizations commercial banking team. Prior to joining Origin, Suyen spent 8 years at BlackRock as a Vice President on the Portfolio Management team covering Residential Credit. Its a big component of what we do today. So many, I would say 50% of them, we were able to buy back in the first three months and people were so thankful to us even to come there to provide them with an exit strategy. In her free time, she enjoys spending time with her nieces and nephews, working out, trying new restaurants, and taking Latin Ballroom lessons. He is a runner, frequent traveler, amateur tennis player, and beach/pool enthusiast. Maybe youre putting in washers and dryers. Suyen Fernandez is part of the Investor Relations team at Origin Investments where she is responsible for capital raising and maintaining relationships with Registered Investment Advisors and Institutional clients. Prior to Origin, Michael had a prolific trading career and twice was named one of the top 100 traders in the world by Trader Monthly Magazine. They will be clamoring to give you money, and to tell all their friends to give you money. Those of you that are doing your own syndications, do not short-circuit that process. Michael also worked at Corporate Express as their Assistant General Counsel. Michael Episcope: Yeah. Prior to joining Origin, Vince worked at Duff & Phelps where he conducted business enterprise and intellectual property valuations for use in the corporate acquisition process. Douglas Bibby, President of the National Multifamily Housing Council tells us the multi-family industry needs 300,000-400,000 units delivered to the US market each year to meet demand. As Managing Director of Investment Management at Origin, Marc is accountable for the performance of Fund investments and execution of property-level business plans. When you first started reaching out to investors and did either your first fund or your first syndication I dont know if you went straight to fund or you did a syndication or two. That can also be a big negative. "A benefit of investing in real estate is that if I buy a property for $100,000, I know tomorrow it won't be worth $0, which is a real possibility with other forms of investing." . Michael Episcope: Yes, we got together in 07, and in the beginning, in the first two years, it was all our own capital. Before Joining Origin, Christopher previously worked at Northern Trust and AlterDomus. We have lots of information about Edsel: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Other. macedonian orthodox fasting rulesmary calderon quintanilla 27 februari, 2023 / i list of funerals at luton crematorium / av / i list of funerals at luton crematorium / av Michael Episcope: I think its not that we believe in timing the market. Managing Director of Investment Management, Assistant Vice President of Investment Management, Assistant Vice President of Investor Relations, Assistant Vice President of Marketing and Design, Associate Vice President of Investment Management. In this role she led cross-functional project teams responsible for reorganization of legacy business functions within the firm. Is it just bad real estate? I think when we create structures here; we create structures around how we want to invest our capital and that a fund has a couple of advantages over an individual deal syndication. Michael has helped build Origin Investments from a small real estate investment company, to one of the best-performing companies with more than $1 billion of assets under management. Being a graphic designer isnt just a job for her; its a vocation. Note that Michael Episcope frequently shares his knowledge with all individual investors on Origin's blogs and Forbes. We have a real powerhouse on the show today. Thanks to the . Before Link, he worked as an Analyst on the Capital Markets Research team at JLL. Dr. Dahle's conversation with Origin Investments about what all high-income earners need to consider when investing to grow their net worth.The White Coat In. Michael Episcope: Yeah, management of cash flow. Its interesting. He has closed over $2.3 billion of transactions and has raised or invested principal funds of over 56 million and averaging a gross IRR of 30%. Even when it comes to things like understanding what investors want, I think were A lot of manager, they dont understand the importance of reporting, and communicating, and thats something that weve taken to heart. Other names that Edsel uses includes Edsel M Episcope, Edsel Michael Episcope and Edsel A Episcope. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. If you got a homerun deal And so you actually limited their investments so you could have more people in it, have more people that experience s fantastic return on that particular deal, because Ill tell you guys, once you make someone some money, youve got them. She enjoys creating bold, minimal styles by focusing her layout skills using typography and grids. Gina serves as an Investor Relations Support Specialist. She strives to discover the finest solutions to all design problems. It was a phenomenal time, a great experience. Prior to joining Origin, Bill orchestrated due diligence, entitlements, pre-construction, self-perform construction, and owners representative duties at Core Spaces and Gables Residential. But we talked about the buy-fix-sell, thats more of a buy-fix-hold and sell in about four years. We both had a lot of good friends; high net worth. Tom joined Origin Investments in early 2011 and is responsible for sourcing multifamily investments across the Western United States. My first career was in commodities trading. Taking into account various assets, Michael's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Earlier in his career, Marc directed various acquisition and asset management roles at Equity Office Properties Trust, previously the nation's largest publicly traded office building owner and REIT. He facilitated multiple events for Be The Match, a nonprofit organization founded to fight leukemia and other blood-related diseases. He previously worked at Mark Anthony Brewing where he was responsible for leading the accounts payable process for over 50 vendors relating to co-packers, raw materials and packaging for Mikes Hard and White Claw. Elena serves as Origin Investments assistant general counsel. Prior to joining Origin Investments, Katina worked as an analyst at Equity Lifestyle Properties (ELS) where she focused on underwriting RV & MH developments and capital improvement opportunities. Theres another great. Why real estate? The additional shot of funds from these investors helped complete deals that otherwise may not have happened, Landes added. We need to know that theres robust job market growth in there. She is also a professor at Johns Hopkins University School of Education. - Michael Episcope "Our mission from day one was to help high net-worth investors, grow their wealth, generate tax-efficient passive income, and just bringing that institutional product to people like us, people who deserved a better way to invest." You have to over communicate to give your investors comfort. No. Prior to Origin, David served as company president for a privately financed hedge fund. Episode Highlights How Origin Investments lined up $105 million in capital in less than 24 hours when they initially launched their Qualified Opportunity Fund. Rod Khleif: This has been a real high-level conversation and some of you guys heads are probably spinning from this but lets go back to when you first And I know you invested your own equity to get started. Any investments will only be made with proper disclosure and subscription documentation, and subject to all applicable laws. Preston received a Bachelor of Business Administration majoring in Real Estate and Urban Land Economics from the University of Wisconsin-Madison. .. Within her years of real estate Executive assistant experience, she helped maintain communication with all parties. Rod Khleif: Absolutely Youve done so much, maybe you could take us back a little bit and tell us how the story started. Michael earned his undergraduate and masters degrees from DePaul University. As a fund manager, we look at it more as a portfolio. Since its start in 2007, the firm has executed $1 billion in real estate transactions and has more. I assume theres an asset management fee What other sorts of fees can a person expect in a vehicle like yours? Well, I heard somebody else bring this up. Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. Thats one of the distinct advantages but it comes down to creating structures that we want to invest in. Heres some of what you will learn: In today's show, I am joined by Michael Episcope. Rod Khleif: Gives a diversification of risk, for sure. His clients included agencies, startups, non-profit organizations in the arts, higher education, healthcare, social welfare, as well as entrepreneurial individuals. Rod Khleif: Or you could get lucky on a deal and have a homerun, and youre touting that success, and it was just luck, sometimes. It was in the late 90s, early 2000s that I began passive investing. Its for our acquisition team who are in their markets. Prior to joining Origin in 2020, Jonathan worked at Lakeside Bank where he provided financing solutions for commercial real estate projects throughout Chicago. Garrett moved to Chicago 2 years ago and lives in the Lakeview community. a private equity real estate firm serving nearly 3,000 high-net-worth individuals. And thats exactly what were talking about here. He currently resides in the Lincoln Park neighborhood of Chicago and enjoys traveling, cooking, and spending time with family & friends. Our acquisition team who are in their markets early 2011 and is a licensed Broker... Helped maintain communication with all parties ended up in divorce, but Brazilian... Leadership Council Institute frequently shares his knowledge with all parties investing could make shot of funds from these helped. 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