In this episode we are joined by Michael Hall, a real estate investor and partner at Launch Capital, a firm focused on providing quality and affordable housing for refugees resettled in the U.S. Michael discusses the major housing challenges refugees face upon arrival and how Launch Capital is meeting the need through a unique, impact-driven business model centered around refugee tenants. Launch Capital purchases apartment complexes in areas with high refugee populations and manages them with the unique needs of refugee residents in mind - from maintenance and operations to community building. The resulting low turnover rates, strong collections, and stability allow Launch Capital to generate solid returns while positively impacting refugee families through accessible housing.
[00:00 - 05:04] - Creating Launch Capital's Refugee Housing Model
[05:05 - 09:32] - Refugee Tenants Produce Strong Financial Returns
[09:33 - 17:57] - Unique Property Management Approach
[17:57 - 23:00] - Growth Trajectory and Strategy
Connect with Michael!
LinkedIn: https://www.linkedin.com/in/michael-hall-9b686b3b/
Quotes:
"20% of all renting households are headed by a foreign born head of household” - Michael Hall
"One of our biggest reasons for move outs is people actually buying a home" - Michael Hall
Visit our website https://www.birgo.com/to learn more about High-Quality Recession Resistant Assets for the Everyday Investor
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