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Turning Wall Street Expertise into a Multi-Million Dollar Value-Add Multifamily Business with Gabe Bodhi, CEO of Tekton Group

Turning Wall Street Expertise into a Multi-Million Dollar Value-Add Multifamily Business with Gabe Bodhi, CEO of Tekton Group

FromMasters of Moments


Turning Wall Street Expertise into a Multi-Million Dollar Value-Add Multifamily Business with Gabe Bodhi, CEO of Tekton Group

FromMasters of Moments

ratings:
Length:
80 minutes
Released:
Oct 4, 2023
Format:
Podcast episode

Description

Gabe has led more than $50mm of multi-family investments in metro Denver, across more than 500 apartment units in Denver, Lakewood and Aurora. Gabe is also the co-manager on over $25mm of multi-family investments (164 units) in Los Angeles. On this episode, Jake & Gabe discuss:  Going from Wall St. into Real Estate Building Generational Wealth Raising Capital Executing Value-Add Strategies   Links: Gabe on Twitter Tekton Group   Connect & Invest with Jake: Follow Jake on Twitter: https://twitter.com/jwurzak Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/ Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo   Topics: (00:00:00) Intro (00:01:48) Going from Wall St. into Real Estate (00:09:38) The desire to create generational wealth (00:11:14) Balancing raising capital while building wealth in assets (00:14:26) What are some key principles you abide by to protect you against being a forced seller? (00:20:15) Waiting for the Fat Pitch (00:25:46) Can you define sub-institutional real estate and what are some market inefficiencies you see around the asset class? (00:30:43) How do you find deals? (00:34:07) A walkthrough of a deal that closed 2 weeks later (00:39:01) How do you execute quickly on your value-add strategy? (00:43:03) What’s the structure of your fund and why did you decide to have a fund? (00:47:48) What did you learn from the first and second funds that you’ll implement in the third? (00:59:18) Have you thought about deals that you never want to sell? (01:02:28) What have you learned from your worst deal? (01:06:23) Getting tenant feedback for Capex (01:08:26) Gabe’s philosophy around 3rd party managers (01:12:15) What are your goals over the next 3 years? (01:17:12) What is your favorite hotel?
Released:
Oct 4, 2023
Format:
Podcast episode

Titles in the series (66)

Masters of Moments involves conversations with top entrepreneurs and business leaders about hospitality, Real Estate investing, and company building. We explore the ideas, strategies, and approaches that brought them to where they are today. This podcast is for you if you are a seasoned investor, an upstart entrepreneur, or someone looking to break into the real estate and hospitality investing world. Jake Wurzak is the CEO of DoveHill Capital Management and Wurzak Hotel Group, a leading vertically integrated hospitality investment platform. Since 2011, he’s led the investment of $1.5 billion in hotel assets throughout the country. Follow Jake on Twitter: https://twitter.com/JWurzak Take the Hospitality Real Estate Investing Masterclass: https://learn.jakewurzak.com/ Subscribe to the show on YouTube: https://www.youtube.com/channel/UCzvzdJASDiEXhV9VhkaEoWA Learn How to Invest with DoveHill: https://dovehillcos.junipersquare.com/portal/view_lead_capture_form/MzhmOGE4MTUwMjZhNDZkNmU1MGE0NmYwOTdhZjk2MzAxYzE0MjIzMGdBV1ZEUUFBQUFBQUFBQW9UVzhJVFdzTlRrNkpkSlF1 DoveHill: www.dovehillcos.com