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A Deep Dive into Value-Add Urban Real Estate with Scott Sherman - Founder & Principal of Torose Equities [Replay]
Manage episode 422035644 series 3560640
Innehåll tillhandahållet av Jake Wurzak. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Jake Wurzak eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Scott is responsible for strategic direction, sourcing investment opportunities, capital markets and operations for the firm.
Prior to launching Torose, Scott co-founded Tricera Capital where he led the charge on strategic direction, capital markets and sourcing investment opportunities. In this role, Scott built a portfolio in excess of $700M over five years and consistently delivered returns in excess of 20% IRR and a 2x multiple across realized investments. Scott maintains ownership and major decisions across the Tricera portfolio and continues to be a minority owner of Tricera Capital.
Torose Equities is a Miami-based real estate investment firm with several different verticals, including a value-add urban retail, office, and mixed-use strategy within the Southeastern United States.
On this episode, Jake & Scott discuss:
- Important retail trends that will shape the next decade
- The science of placemaking
- The opportunity for Office
- Working with Family Office Investors
- Building Torose Equities
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
Links:
Topics:
(00:00:00) - Intro
(00:01:40) Scott’s background and career
(00:10:37) Learnings from working in international markets
(00:13:16) How are you choosing what markets to choose on now?
(00:15:14) Risk and reward in investing
(00:17:57) What is your competitive edge?
(00:19:12) What are some important retail trends that will shape the industry over the next decade?
(00:21:40) What’s important for Office investors over the next 5-10 years?
(00:27:40) Pros and Cons of Commercial and Retail Investing
(00:29:38) Placemaking
(00:36:40) What do you look for in locations for the success of retail?
(00:39:47) What is the opportunity for Office in Florida?
(00:42:32) Developing a 350k sqft covered land play
(00:48:18) How are you finding Family Office investors?
(00:49:17) Co-GP opportunities
(00:50:14) Characteristics of good partners
(00:51:26) Building Torose Equities
(01:01:16) How are you sourcing deals?
(01:05:06) What’s your approach to value-add?
(01:09:11) What processes have you implemented in your company?
(01:11:33) What is your favorite hotel?
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