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Allan Perez is a co-founder & Chief Executive Officer of CanFirst Capital Management, a private real estate equity firm. CanFirst invests on behalf of institutional and private high net worth investors and has raised in excess of $800 million of equity capital since its inception. Allan’s real estate career encompasses 40 years of senior executive positions with real estate organizations including The Prudential Insurance Company of America, Canderel Ltd., Dundee Realty Corporation and V&A Properties. His responsibilities included acquisition and disposition, development, marketing, leasing, e-commerce and asset management.

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Transcriptions:

Jesse (0s): Welcome to the working capital real estate podcast. My name's Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. All right, ladies and gentlemen, my name's Jesse for galley and you're listening to working capital the real estate podcast. Our special guest today is Alan Perez. Alan Perez is a co-founder and chief executive officer of canned first capital management.

 

A private real estate equity firm can first invest on behalf of institutional private high net worth investors and has raised an excess of 800 million of equity capital since its inception Alan's real estate career encompasses over 40 years of senior executive positions with real estate organizations, such as Prudential insurance company of America, candor, REL Dundee Realty, corporation, VNA properties, and others, his responsibilities included acquisition, disposition, development, marketing, leasing e-commerce and asset management.

 

And probably most importantly for me, Alan was my sessional professor as one of my courses in my MBA. I believe it was real estate finance, Alan, how you doing?

 

Allan (1m 15s): Great, Jesse. Thanks for having me here.

 

Jesse (1m 18s): Yeah, it's been great. You know, one thing I have, I'll always remember from that class and I assume, you know, sometimes memories, you know, you over time, you can't remember if the, if they were actually true, but I've still told enough people that were when you first got started. I remember you saying it was basically a handshake agreement at a Tim Horton's when you're buying your first industrial site. I don't know if that's accurate if I got the right guy.

 

Allan (1m 44s): Yeah, yeah, no, it was, I mean, it was, it was roughly a 20 odd years ago when we launched the company, both my partner and I at the time were just starting out in this new incarnation and, you know, working out of our living rooms in our bedrooms and getting offices set up and got a call from a broker that we had done a lot of business with and said, you know, there's this little building out by the airport. Not sure it's for you guys, but do you want to come have a look at it?

 

So we went out on a, on a rainy midweek aftern