Shows
Deal Flow FridayCapital Matchmaking: Michael Khalilzad - CastleSquareIn this episode, David Moghavem sits down with Michael Khalilzad, founder of Castle Square, to discuss the realities of raising equity in today’s market and how creative structuring is unlocking deals. Michael shares why capital is demanding high cash-on-cash yields and strong basis, how he structured a second-loss equity position to overcome investor objections, and why reputation and certainty are driving discounted acquisitions. They dive into ground-up development challenges, co-GP structures with blue-chip developers to unlock financing, and why Michael believes innovative hybrid equity products will be key to getting deals done in this market. If you want re...2025-07-1152 min
Deal Flow FridaySmart Capital: Jared Zeisler - Capital SolutionsIn this episode of Deal Flow Friday, host David Moghavem sits down with Jared Zeisler, Principal at Capital Solutions, to unpack where capital is (and isn’t) flowing in today’s market. Jared shares why buying below replacement cost remains core to their strategy, why rescue capital isn’t the opportunity it seems without resetting basis, and how Capital Solutions is approaching deals with a “downside first” framework. They discuss why bridge debt is creeping back into deals (and why it still scares them), the real story behind student housing deals they’re buying at half of replacement cost, how their po...2025-07-0447 min
Deal Flow FridayInstitutional Capital Eyes a Return: Joe Paskov - Bentall Green Oak (BGO)In this episode of Deal Flow Friday, host David Moghavem speaks with Joe Paskov from Bentall Green Oak about the current state of the real estate investment market. They discuss the challenges and opportunities in various asset classes, the impact of interest rates on investment strategies, and the importance of building strong relationships in the industry. Joe shares insights on BGOs geographic focus, market analysis, AI-driven algorithmic approach to choosing markets, and the dynamics of institutional investors, emphasizing the need for a long-term perspective in navigating the evolving landscape of real estate investing.Chapters00:00 Introduction...2025-06-2046 min
Deal Flow FridayCorn, Koolaid, & Battle Scars: Garrett Nondorf - Flagship Capital PartnersIn this episode of Deal Flow Friday, host David Moghavem speaks with Garrett Nondorf of Flagship Capital, a highly active Middle Market Credit and Equity allocator. They discuss the active deal flow at Flagship, including recent term sheets and the company's approach to investments in steady markets such as the Midwest, dive into the challenges in the Sun Belt, the supply side story within the Pacific Northwest, and operational issues affecting real estate in various geographies. Garrett shares insights on how sponsors can navigate the current market conditions and successfully raise capital.Chapters00:00 Intro, 'Stash...2025-06-1342 min
Deal Flow FridayMiami: Omar Morales - Berkadia (& Host of Real Estate Deal Markers Podcast)In this conversation, Omar Morales and David Moghavem delve into the intricacies of the Miami real estate market, discussing the challenges and opportunities that have emerged in the wake of COVID-19. They explore the evolution of Trion, the impact of tariffs on development, and the importance of understanding local dynamics in order to find value in real estate investments. The discussion also highlights the significance of insurance rates, the emergence of new markets, and the challenges of fundraising in a changing economic landscape.Chapters00:00 Intro00:39 David's Background and Move to Miami03:03 Navigating Market...2025-05-3035 min
Deal Flow FridayFrom LA Developer to National Co-GP Partner: Adrian Berger - Cypress Equity InvestmentsIn this episode, David Moghavem speaks with Adrian Berger from Cypress Equity Investments about the current state of the real estate market, the challenges and surprises in lending, and the importance of networking. They discuss the shift in off-market deals, the company's development strategy, and the potential opportunities in self-storage and affordable housing. Adrian shares insights on navigating insurance and operating expenses in LA, as well as the significance of building relationships in the industry.Chapters00:00 Intro01:35 Navigating the Current Market Landscape04:37 Surprises in Lending and Valuation07:38 The Shift in Deal Dynamics2025-05-2355 min
Deal Flow FridayState of the Multifamily Market: Max Sharkansky & Mitch Paskover - Trion PropertiesIn this episode of Deal Flow Friday, David Moghavem, Max Sharkansky, and Mitch Paskover discuss the current state of the real estate market, focusing on the impact of tariffs, inflation, interest rates, and investment strategies. They explore how these factors are influencing consumer confidence, lender behavior, and overall market trends. The conversation also delves into geographical investment opportunities and the challenges faced by investors in today's economic climate, concluding with thoughts on future market predictions and operational challenges.Chapters00:00 Introduction and Yearly Recap02:16 Tariffs and Economic Predictions04:48 Impact of Tariffs on Multifamily Sector2025-05-1641 min
Deal Flow FridayPropTech: Mike Sroka - DealpathIn this episode of Deal Flow Friday, host David Moghavem interviews Mike Sroka, founder and CEO of Dealpath, discussing the evolution of PropTech, the impact of economic changes on the real estate market, and the role of AI in enhancing real estate management. They explore how Deal Path has adapted to client needs and the importance of technology in navigating the current market landscape. The conversation also touches on the future of real estate technology and the potential for a rebound in the Bay Area.Chapters00:00 Introduction to Deal Path and PropTech Innovations03:31 Mike...2025-05-0246 min
Deal Flow FridayThe GP LP Match Platform: Aleksey Chernobelskiy - Centrio Capital PartnersIn this episode of Deal Flow Friday, host David Moghavem speaks with Aleksey Chernobelskiy, founder of the GPLP match platform. They discuss the journey of entrepreneurship, the creation of the GPLP match platform, and the importance of connecting general partners (GPs) with limited partners (LPs) in real estate. Aleksey shares insights on leveraging technology, social media strategies, and common pitfalls in GP presentations. The conversation also touches on market insights, asset classes, and advice for LPs navigating investment opportunities.Chapters00:00 Introduction04:19 The GPLP Match Platform: Concept and Creation05:18 The GP-LP Match Platform06:50...2025-04-1132 min
Deal Flow FridayContrarian Investments: Greg Rollman - Tryperion HoldingsIn this episode of Deal Flow Friday, host David Moghavem speaks with Greg Rollman, Managing Director at Tryperion Holdings. They discuss insights on contrarian investment strategies in office, retail, and multifamily sectors. Greg shares his contrarian approach to investing in regional malls and emphasizes the importance of in-place operations. The conversation also touches on geographic preferences in investment and the future outlook amidst market uncertainty. Last but not least, David and Greg foreshadow the looming effect on tariffs on commercial real estate, and the impact it will have on the industry.Chapters00:00 Introduction and Background2025-04-0438 min
Deal Flow FridayNavigating Cap Rate Volatility: IMN Panel DiscussionDavid Moghavem was hosted with 3 other esteemed guests in the Real Estate Multifamily industry at IMN's annual Florida Middle-Market Multifamily Forum in Coral Gables, FL at The Loews Coral Gables. Their conversation delves into the complexities of the real estate market, focusing on the interplay between cap rates, interest rates, and market dynamics. The speakers, all experienced professionals in real estate development and investment, discuss the current state of the market, the challenges posed by rising interest rates, and the implications for future investments. They explore operational distress, the impact of supply and demand, and the importance of understanding...2025-03-2735 min
Deal Flow FridayMobileHome Parks: Andrew Cramer - BridgeviewIn this episode of Deal Flow Friday, host David Moghavem interviews Andrew T. Cramer, owner of Bridgeview Asset Management, who shares insights on mobile home park investments, the evolution of the manufactured housing market, and the challenges posed by stigma and rent control. Andrew discusses his investment strategies, the importance of adding value for tenants, and the unique opportunities in the Pacific Northwest. The conversation emphasizes the need for education and awareness in addressing the housing crisis and highlights the potential for manufactured housing to provide affordable solutions.Chapters00:00 Introduction to Bridgeview Asset Management03:45...2025-03-2143 min
Deal Flow FridayAtlanta: Brooks Colquitt - NEWMARKIn this episode, David Moghavem and Brooks Colquitt delve into the Atlanta real estate market, exploring its growth, appeal, and the various economic drivers that make it a prime location for investment. They discuss the geographical dynamics of the city using the 'Martini Glass' analogy, highlighting the differences between North and South Atlanta. The conversation also covers current market conditions, the impact of bad debt and evictions, and the role of institutional capital in shaping the market's future. With insights on cap rates and investment strategies, this episode provides a comprehensive overview of why Atlanta remains a hot spot...2025-03-0745 min
Deal Flow FridayParking, Properties, & Philanthropy: Alan Laz - LAZ ParkingIn this episode of Deal Flow Friday, David Moghavem hosts Alan "LAZ" Lazowski, founder and CEO of LAZ Parking, shares his journey from starting a valet parking service in Hartford to building one of the largest privately held parking companies in the U.S. He discusses key moments of growth, the importance of mentorship, and the transition into commercial real estate investments, including starting LPRI, LAZ Investments, and other successful partnerships in commercial real estate. Alan emphasizes the significance of conscious capitalism, philanthropy, and the value of building genuine relationships in business. He also offers valuable advice for young...2025-03-0148 min
Deal Flow FridayDFF & No Vacancy Collab! : Taylor Avakian - The CRE Group & Farhan Mahmood - Trion PropertiesDeal Flow Friday & No Vacancy Collab! On This weeks episode of Deal Flow Friday, David Moghavem sits with Taylor Avakian, Founder of The Group CRE and host of No Vacancy Podcast, along with Farhan Mahmood, Partner at Trion Properties, to discuss the latest opportunities in Multifamily Real Estate. Microchapters:0:00 Teaser & Intro1:11 Introduction to Farhan & David from Trion Properties3:11 Getting into Real Estate & Early Career Experience5:07 Experience During the 2008 Financial Crisis8:26 Introduction to Trion Properties ($1.5B AUM, 7,500 units)12:19 Current Market Analysis: LA vs Other Ma...2025-02-141h 25
No Vacancy with Taylor AvakianLA Real Estate is 'Waiting to Explode' - Head of Acquisitions Explains WhyHow are institutional investors navigating the Los Angeles apartment market in 2024? In this episode of No Vacancy with Taylor Avakian, Trion Properties' ($1.5B AUM) heads of acquisitions, Farhan Mahmood and David Moghavem break down their strategy for finding value in today's high interest rate environment.Learn how institutional investors are:- Finding 6-cap deals in Los Angeles- Comparing LA vs Sunbelt opportunities- Navigating high interest rates- Identifying out-of-favor market opportunities- Growing from local to institutional scale2025-02-141h 25
Deal Flow FridayStructured Financing: Ray Cleeman - Pensam CapitalIn this conversation, David Moghavem invites Ray Cleeman, Principal and Head of Capital Markets at Pensam Capital, to discuss the evolving landscape of the real estate market, focusing on the significant changes from 2021 to 2022, the impact of rising interest rates, and the operational challenges faced by real estate owners. They explore the shift from acquisition strategies to refinancing, the changing dynamics of equity and debt, and the implications of government deficits on economic stability. The discussion highlights the need for innovative financial strategies in a challenging market environment. They explore the challenges of finding new buyers for debt, the...2025-02-071h 11
Deal Flow FridayColorado Springs: Kevin McKenna - CBREIn this episode, David Moghavem interviews Kevin McKenna, a seasoned broker in the Colorado Springs multifamily market. They discuss the significant population growth, the quality of life that attracts residents, and the military's influence on the local economy. Kevin provides insights into the geographic layout of Colorado Springs, the current cap rates, and investment opportunities in the multifamily sector. They also address common misconceptions about the market and share expectations for the future of the multifamily landscape.Chapters00:00 Introduction to Colorado Springs Market01:50 Population Growth and Quality of Life05:48 Military Influence on Employment2025-01-3141 min
Deal Flow FridayOrlando: Ryan Moody - NEWMARKIn this episode, David Moghavem interviews Ryan Moody, Executive Managing Director at Newmark, focusing on the Orlando real estate market. They discuss the transformation of Orlando from a tourism-centric economy to a diverse employment hub, the various submarkets within Orlando, and the investment opportunities available, particularly in South Orlando. The conversation also touches on the challenges of insurance in Florida, the current market dynamics, and the outlook for future growth in the region.Chapters00:00 Introduction to the Orlando Market03:28 Why Invest in Orlando?06:21 Understanding Orlando's...2025-01-2440 min
Deal Flow FridayInsurance: Michael Brodie - MarshLA WILDFIRE - DONATION LINKS:Red Cross Wildfire Relief EffortsGoFundMe.org Wildfire Relief FundLos Angeles Fire Department FoundationSalvation Army Wildfire ReliefIn this episode of Deal Flow Friday, David Moghavem invites Michael Brodie from Marsh Insurance, along with Max Sharkansky from Trion Properties, to discuss the current state of the commercial and residential insurance market, particularly in light of recent natural disasters such as wildfires and hurricanes. They explore the implications of taxpayer-funded insurance programs, the importance of resilience in property investment, and the evolving phi...2025-01-1744 min
Deal Flow FridayCapital Markets: Henry Stimler & Ricky Warner - NMRKIn this conversation, David Moghavem invites Henry Stimler and Ricky Warner from Newmark Capital Market's team out of New York, to discuss the current state of the real estate market, focusing on investment opportunities, the importance of relationships in the industry, and the multifamily financing landscape. They explore trends in acquisitions and recaps, the shift in value-add strategies, and identify promising markets for 2025. The discussion also highlights the resilience of major cities and future developments in the real estate sector. In this conversation, the three dive into the state of the housing market, emphasizing the importance of thorough market...2025-01-1045 min
Deal Flow FridayTrion's Founders' Year End Reflection and Future Outlook: Max Sharkansky & Mitch Paskover - Trion PropertiesAbout This EpisodeIn this episode, we’re joined by Max Sharkansky and Mitch Paskover, the managing partners of Trion Properties. Founded in 2005, Trion Properties is a private equity investment firm specializing in multifamily real estate with a proven track record of transforming undervalued properties into high-performing assets. With over $1 billion in assets under management and a focus on the West Coast and Southeast markets, Trion has built its reputation on delivering superior returns through strategic value-add initiatives. Max and Mitch share their extensive expertise, entrepreneurial journeys, and insights into the real estate industry, providing a behind-the-scenes lo...2025-01-0345 min
The Best Ever CRE ShowHow to Buy Below 2021 Prices: An Inside Look at Today's Multifamily Deals ft. David MoghavemIn this episode of the Best Ever CRE Show, David Moghavem, director of East Coast Acquisitions for Tryon Properties, joins host Slocomb Reed to discuss multifamily investing in the current market. Moghavem details Tryon's recent acquisitions in Orlando and Atlanta, emphasizing their focus on properties with strong in-place cash flow and positive leverage rather than speculative appreciation. He explains how their vertical integration and market knowledge help them identify opportunities, particularly during periods of market uncertainty. The conversation covers Tryon's approach to managing floating rate debt from 2021-2022 acquisitions and the importance of analyzing deals on an untrended basis...2024-12-1820 min