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Building a Vertically Integrated Housing Company with $2bn AUM - Casey Lynch, CEO of Roundhouse [Replay]
Manage episode 420855674 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.
Roundhouse is a fully integrated developer and operator of multifamily housing. Starting with a single condominium purchased amidst the financial crisis in 2009, we have since developed and acquired a portfolio of over 5,000 multifamily homes.
Today, Roundhouse focuses exclusively on providing high-quality housing options in emerging cities across the Western United States. In order to deliver superior experiences to our employees and residents we have built a fully integrated service offering that spans the construction, property management, and design disciplines.
On this episode, Jake & Casey discuss:
- Learning to structure long-term horizon deals
- Avoiding competing with institutional capital
- Structuring deals for acquisitions vs. developments
- The advantages of being vertically integrated -
- Casey's 6-month sabbatical and how to have your company be successful without you
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:
Roundhouse: https://rndhouse.com/
Casey on Twitter: https://twitter.com/roundhouse208
Topics:
(00:02:18) Casey’s RE Career in Southern California
(00:11:40) The decision to pivot out of LA
(00:15:54) Learning to structure long-term horizon deals
(00:18:41) How do you avoid competing with institutional capital?
(00:22:04) How have you figured out how to raise enough capital without going to someone with deeper pockets?
(00:24:41) How do you structure deals when they are acquisitions vs. developments?
(00:31:08) How often are you refinancing in order to return capital?
(00:35:48) How do you think about Capex in multifamily over long hold periods?
(00:43:38) How are you differentiating your high-end products?
(00:47:00) What are the advantages of being vertically integrated?
(00:50:59) What does enterprise value mean to you?
(00:57:53) Are you at a point where the team can raise capital without you?
(01:02:28) What was the scenario that led to you buying out your partner?
(01:07:51) How do you ensure leadership values are being replicated across the business?
(01:11:29) What was the biggest insight you gained from your 6-month sabbatical
(01:19:44) Casey’s emphasis on design
(01:22:18) What is your favorite hotel?
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