In this episode, Lone Star Capital's Director of Business Development, Craig McGrouther, covers diverse aspects of the real estate landscape. He discusses his role at Lone Star Capital, effective communication with investors, and analyzes current market sentiment and distress curves. Craig highlights Texas' market resilience, strategic focus on newer assets, and the potential for improvements in acquisitions. The conversation extends to aligning with investors, overcoming challenges in real estate transactions, and the virtue of patience. We also explore the broader impact of COVID-19 on real estate, emerging trends, and the role of technology, providing valuable insights into the future of the industry.
Don't miss our conversation and discover his tips for success and how to make the most of your investments.
Enjoy this episode on your favorite podcast platform
✅ Apple → https://podcasts.apple.com/gb/podcast/exploring-the-multifamily-market-insights-from-lone/id1625806145?i=1000644745150
✅ Youtube → https://youtu.be/CkGb3X9Rn4I
Let’s Stay Connected
✅ LinkedIn → https://www.linkedin.com/in/hannes-hennche/
If you're interested in learning more about Lone Star Capital's approach to multifamily investing or have any questions, feel free to reach out Craig:
✅ Email → [email protected]
✅ LinkedIn → https://www.linkedin.com/in/craig-mcgrouther-11739aab/
✅ Website → https://www.lscre.com/
Time Stamps
00:00:12 - Craig McGrouther's Background
00:01:55 - The Dynamic Nature of Craig's Role at Lone Star Capital
00:04:17 - Equity Distribution and Investor Relations
00:06:13 - Addressing Investor Sentiment in a Shifting Market
00:07:59 - Investment Strategies During Market Changes
00:09:04 - The Distress Curve and Debt Issues in Real Estate
00:11:14 - Lone Star Capital's Focus on Texas Markets
00:14:39 - Asset Preferences and Investment Strategies
00:19:08 - Vintage Preferences for Properties
00:21:36 - The Potential of Tax Abatement Deals
00:23:34 - Transition from Real Estate Sales to Private Equity
00:25:29 - Craig's Philosophy on Wealth and Freedom
00:27:19 - Handling Investor Questions and Concerns
00:28:24 - Aligning with the Right Investors
00:31:55 - Enabling Dreams Through Investment Returns
00:33:40 - Craig's Journey to Real Estate and Private Equity
00:35:38 - Common Deal-Breakers in Real Estate Transactions
Quotes
"I make sure that the capital stack is filled, we have the proper amount of equity going into our deals, I'm pitching opportunities, creating new relationships, growing existing ones and kind of continuing and doing a lot of the outreach."
"Invest right now because right now is the times where real gains are going to be made, not closer to the end of the cycle."
"Teach someone how to fish and instill good principles into them that can sustain generations."
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