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On this episode of Beyond the Resume, we interview Ohad Porat, the Chief Investment Officer at Faropoint, a leading real estate investment firm specializing in last-mile industrial properties. Ohad shares insights into his career journey, the evolution of Faropoint's investment strategy, and the importance of technology and critical thinking in real estate.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: Web: https://www.jacksonlucas.com/podcast/ohad-porat
Chapters
00:00 Introduction to Ohad Porat and Faropoint
02:48 The Evolution of Faropoint's Investment Strategy
05:55 Vertical Integration and Operational Efficiency
09:06 Leveraging Technology in Real Estate
11:47 Market Expansion and Competitive Landscape
15:10 Ohad;s Career Journey
18:00 The Hot Seat: Recommendations and Memorable Deals
20:52 Critical Thinking and Team Dynamics
24:03 Mentorship and Future Aspirations
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On this episode of Beyond the Resume, we talk with a man of many talents and titles, Ryan Elazari. Ryan discusses his journey in the real estate industry and shares insights on the importance of technology in real estate, his career path, and the skills necessary for success in the field. Ryan also emphasizes the value of networking and mentorship, as well as his personal growth.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/ryan-elazari
Chapters
00:00 Introduction and Background
02:22 Empire Management and Innovation in Real Estate
05:54 The CRE Unplugged Podcast and Real Estate Technology
10:16 Career Path and Entry into Real Estate
15:12 Skills and Networking in Real Estate
18:28 Personal Growth and Future Goals
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On this episode of Beyond the Resume, we chat with Vlada Kenniff, the President of the Public Housing Preservation Trust. Vlada shares her journey from Uzbekistan to leading a crucial public agency focused on preserving affordable housing in New York City. The conversation delves into the challenges of public housing, the importance of sustainability, and the need for effective funding to support green initiatives. Vlada emphasizes the significance of mentorship and building strong teams in her leadership role, while also reflecting on her personal experiences as an immigrant and the drive to bring dignity back to public housing developments.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/vlada-kenniff
Chapters
00:00 Introduction to Vlada Kniff and The Trust
02:32 The Mission of the New York City Public Housing Preservation Trust
05:27 Vlada's Immigrant Journey and Early Life Experiences
07:52 Education and the Pursuit of Sustainability
10:26 Building a Sustainable Future for Public Housing
13:13 The Importance of Team Building and Culture
15:45 Funding and Green Initiatives in Affordable Housing
18:15 Personal Insights and Daily Routines
20:49 Mentorship and Influences in Vlada's Career
Takeaways
Vlada Kniff is passionate about preserving public housing in NYC.
The Trust aims to secure funding for 25,000 housing units.
Sustainability is a core focus in Vlada's leadership.
Vlada's immigrant background shapes her commitment to housing.
Mentorship plays a crucial role in Vlada's career development.
The Greenhouse Gas Reduction Fund is vital for affordable housing.
Building teams is one of Vlada's favorite aspects of her job.
Vlada's parents' sacrifices inspire her professional journey.
Public housing needs significant investment and modernization.
Vlada believes in the importance of dignity in housing.
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In this inaugural episode of "Tripp Tix", we chat with Tripp Lyons, Managing Director of Real Estate Jackson Lucas. Tripp shares his journey in the real estate industry, discussing his experiences and insights into the current market trends. He highlights the challenges and opportunities in the Florida market, the importance of unique hiring strategies, and the evolving compensation landscape. The conversation emphasizes the significance of collaboration and the need for patience in recruitment, especially in a competitive market.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/tripptix
Chapters
00:00 Introduction to Tripp Lyons and Jackson Lucas
02:46 Tripp's Journey in Real Estate
06:10 Trends in the Real Estate Market
08:57 Challenges in the Florida Market
11:55 Compensation Trends and Insights
15:04 Conclusion and Future Conversations
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode we chat with a visionary in the AI space, Sanee Iqbal. We discuss the intersection of AI infrastructure and real estate and explore the role of data centers in supporting AI technologies, the evolution of computing, and the challenges of energy consumption. Sanee shares his journey from engineering in buildings to working in tech, highlighting the importance of mentorship and the future of data centers in a rapidly changing world.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/sanee-iqbal
Chapters
00:00 Introduction to AI Infrastructure and Real Estate
03:03 The Role of Data Centers in AI
05:53 The Evolution of Computing and Data Storage
09:04 Transitioning from Real Estate to Tech
12:05 The Future of Data Centers and Sustainability
14:58 Innovative Ideas in Data Center Technology
18:10 The Intersection of Real Estate and Technology
20:49 Challenges and Opportunities in AI Infrastructure
23:54 Mentorship and Career Development
26:46 Conclusion and Future Outlook
Takeaways
The demand for data centers is increasing due to AI.
Data centers are evolving to meet power and cooling needs.
Real estate and technology are becoming more intertwined.
Sustainability is a key concern for future data centers.
Energy consumption is a major challenge for tech companies.
Urban environments are ideal for mini data centers.
Mentorship plays a crucial role in career development.
The tech industry is rapidly changing and requires adaptation.
Understanding the language of tech is essential for real estate professionals.
Innovative solutions are being explored for data center efficiency.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode take a deep dive into affordable housing with Michelle Militello, Vice President, Equity Asset Management at The Community Development Trust. Michelle shares her extensive background in affordable housing, detailing her transition from banking to community development. She emphasizes the importance of asset management in preserving affordable housing and discusses the skills necessary for success in the industry. Michelle also highlights her commitment to mentoring women in affordable housing and reflects on the leadership lessons she has learned throughout her career.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/michelle-militello
Chapters
00:00 Introduction to Michelle Militello and Her Journey
02:03 Career Path: From Banking to Affordable Housing
12:34 Role at Community Development Trust (CDT) and Its Mission
18:58 The Importance of Asset Management in Affordable Housing
22:45 Skills for Success in Affordable Housing
31:23 Mentorship and Leadership Lessons
36:02 Conclusion and Future Collaborations
Takeaways
Michelle Militello has a rich history in affordable housing.
Her career transitioned from banking to community development.
Asset management is crucial for understanding affordable housing.
The mission of CDT is to preserve affordable housing.
Michelle emphasizes the importance of mentorship for women in the industry.
She believes in the power of genuine leadership.
Her family background influenced her career choice in real estate.
Education, particularly an MBA, played a significant role in her career.
Michelle's passion for affordable housing drives her work.
Collaboration is key in the affordable housing sector.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode we chat with Pat Schwartz (Better Tomorrows), Susan Neufeld (BRIDGE Housing Corporation), Andrea Ponsor (Stewards of Affordable Housing for the Future) and Yasmin Hurston Cornelius (L+M Development Partners LLC) about the critical role of social services in affordable housing. The panel alo explores how these services have evolved, the impact of COVID-19, and the financial models that support them. The discussion touches on the importance of resident engagement, the challenges of funding, and the benefits of integrating services into for-profit housing models. They also chat about how the innovations in housing solutions and the necessity of building trust within communities.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/webinar-affordable-housing-services
Chapters
00:15 Introduction of Panelists and Their Backgrounds
07:01 Overview of Affordable Housing Services
07:56 Evolution of Social Services in Housing
13:14 Funding Challenges and Stakeholder Engagement
19:52 Policy and Financing Partners in Affordable Housing
20:37 Navigating Financial Pressures in Community Services
23:10 Measuring Impact: The Challenge of Metrics
25:38 Building Trust and Community Engagement
29:47 The Role of Service Coordination in Housing
38:45 COVID-19: Unveiling Mental Health Challenges
48:11 The Importance of Services in Affordable Housing
53:59 Innovations in Housing Solutions and Technology
Takeaways
Social services have evolved from being seen as a box to check to an integral part of housing stability.
The pandemic highlighted the fragility of mental health among residents and service providers alike.
Fewer evictions and lease violations lead to significant cost savings for property owners.
Building community is essential for effective service delivery in affordable housing.
Funding for social services often comes from operating budgets, not just grants.
Resident engagement is crucial for understanding and meeting community needs.
The housing first model is becoming a standard approach in affordable housing.
Innovative solutions like tiny homes and technology can enhance housing services.
Trust between residents and service providers is vital for successful outcomes.
Collaboration with local organizations can improve service delivery and community impact.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode we chat with Demetrius Thornton, the Founder and CEO of Limmor Group. Demetrius shares insights on his career journey, emphasizing the importance of hard work, navigating workplace challenges, and personal aspirations. He discusses methodologies for success, effective business strategies, and the significance of time management. The dialogue reflects on growth, change, and the dynamics of the workplace, providing valuable takeaways for our listeners.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/hr-Demetrius-Thornton
Chapters
00:00 Journey to New York: Dreams and Beginnings
06:07 From Education to Human Resources: A Unique Path
12:49 Diversity, Equity, and Inclusion: A Global Perspective
18:28 Navigating Power Dynamics in the Workplace
24:38 Career Development and Succession Planning Challenges
30:32 The Evolution of HR: Skills and Experience
37:44 Market Corrections and the Future of Work
Takeaways
Hard work is essential for career success.
Navigating workplace challenges requires resilience.
Time management is crucial for achieving goals.
Different methodologies can lead to success in various fields.
Effective pitching can significantly impact business outcomes.
Personal aspirations drive motivation and growth.
Understanding workplace dynamics is key to thriving.
Continuous learning and adaptation are necessary for career advancement.
Building relationships in the workplace enhances collaboration.
Reflecting on past experiences can guide future decisions.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode we chat with Merrie Frankel, the President of Minerva Realty Consultants. She shares her extensive career journey in real estate capital markets, discusses her experiences as a professor, author, and board member. She emphasizes the importance of understanding the four quadrants of capital markets, the value of networking, and the role of mentorship in career development. Merrie also reflects on the traits that contribute to success in various real estate roles and shares memorable experiences from her career.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/merrie-frankel
Chapters
00:00 Introduction to Merrie Frankel’s Career Journey
02:51 The Four Quadrants of Real Estate Capital Markets
06:07 Transitioning Through Careers: From Law to Real Estate
12:12 Networking and Career Opportunities in Real Estate
17:58 The Role of Mentorship and Building Relationships
23:46 Insights on Student Traits and Career Development
29:56 Memorable Experiences and Lessons Learned
Takeaways
Merrie Frankel has taught real estate capital markets for over 20 years.
The four quadrants of capital markets are debt, equity, public, and private.
Networking is crucial for career advancement in real estate.
Mentorship plays a significant role in professional development.
Flexibility and the ability to deal with numbers are key traits for success.
Merrie emphasizes the importance of having a personal board of directors.
She believes in helping others and giving back through mentorship.
Real estate deals are fascinating and keep professionals engaged.
Merrie's book aims to fill a gap in real estate education.
Building relationships is essential for long-term success in any career.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode, In this episode, we interview Justin Halada, COO of Prometheus Real Estate Group. We discuss Justin's journey from being a college athlete to a successful executive in real estate, the importance of teamwork and collaboration, the role of an asset manager, and how the pandemic has influenced the real estate market. Justin shares insights on hiring for cultural fit, the significance of mentorship, and the future plans for Prometheus.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/justin-halada
Chapters
00:00 Introduction and Background
03:16 Overview of Prometheus Real Estate Group
05:07 Transit-Oriented Development
07:00 Justin Journey to COO
07:52 The Importance of Asset Management
20:53 The Role of a COO: Responsibilities and Strategy
23:28 Building a Strong Team Culture and Working with People
26:25 Adapting to the Impact of the Pandemic on Real Estate
36:01 Hiring for Traits and Cultural Fit
38:36 The Influence of Mentors and Coaches
Takeaways
Justin Helada emphasizes the importance of teamwork in building a successful organization.
His athletic background has significantly influenced his leadership style and approach to teamwork.
The role of an asset manager involves setting high-level strategies and collaborating with various teams.
Adapting to market changes is crucial, especially in the wake of the pandemic.
Hiring for cultural fit is more important than just focusing on experience.
Mentorship plays a vital role in personal and professional growth.
The pandemic has reshaped the real estate landscape, requiring new strategies and adaptability.
Prometheus Real Estate Group is focused on expanding its development pipeline.
Justin believes in the value of self-sacrifice for the greater good of the team.
Creating a positive company culture is essential for long-term success.
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The Impact Real Estate Podcast is now Beyond the Resume! In this episode, Mike Moran, co-founder of Soundwater, discusses his journey in retail real estate, the impact of COVID-19 on the sector, and the importance of relationships and mentorship in building a successful career. He shares insights on capital raising, investment strategies, and the future focus of Soundwater on grocery-anchored retail assets. Mike emphasizes the value of hard work, long-term planning, and the role of mentors in his career development, while also providing advice for aspiring entrepreneurs.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/mike-moran
Chapters
00:00 Introduction to Soundwater Properties
02:48 Starting Soundwater Properties
07:23 Background and Entry into Real Estate
12:07 The Importance of Relationships in Real Estate
13:39 Focus on Grocery-Anchored Neighborhood Assets
17:13 Mentors and Mentoring Others
22:15 Balancing Work and Personal Life
23:48 Morning Routine and Exercise
26:41 Long-Term Planning and Taking a Chance
28:10 The Role of Luck and Paying It Forward
28:47 Conclusion
29:14 Introduction and Background of Mike
30:11 The Value of Institutional Backgrounds and Finance Skills
30:22 Insights into the Retail Industry and Starting a Company
Takeaways
Soundwater focuses on grocery-anchored retail centers.
COVID-19 has positively impacted the demand for retail spaces.
Building relationships is crucial in the real estate industry.
A finance background is essential for success in real estate.
Capital raising often starts with friends and family.
Future growth will focus on grocery-anchored neighborhood assets.
Mentorship plays a significant role in career development.
Hard work and long-term planning are key to success.
Personal fitness routines can help maintain mental health.
Paying it forward through mentorship is important.
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Join Chris Papa and Lisa Flicker as they dive into the complexities of affordable housing in the San Francisco Bay Area with Yusef Freeman (The Vistria Group), Sam Moss (Mission Housing Development Corporation) Smitha Seshadri (BRIDGE Housing Corporation) and Heather M. Hood (Enterprise Community Partners). The conversation highlights the challenges, innovative solutions, and the importance of collaboration among various stakeholders. The discussion covers the current state of affordable housing, unique regional challenges, funding mechanisms, and the role of partnerships, particularly with faith-based organizations, in addressing housing needs. The panelists emphasize the necessity for systemic changes and the urgency of increasing housing supply to meet the growing demand.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/webinar-sf-affordable-housing
Chapters
00:00 Introduction to Affordable Housing Solutions
06:59 Current Trends in Affordable Housing
12:35 Challenges in Building Affordable Housing
20:41 Innovative Initiatives for Housing Supply
23:48 Types of Housing and Community Needs
29:05 Funding and Financing Strategies
35:00 Partnerships with Faith-Based Organizations
45:13 Future Prospects and Positive Developments
Takeaways
We need more funding for affordable housing.
The need is for over 180,000 affordable homes.
San Francisco has a unique housing challenge.
Prop 5 is critical for housing bonds.
We need to partner with faith-based organizations.
Navigating regulations is exhausting.
We need major changes in housing policy.
Affordable housing is a community necessity.
Funding is essential for housing projects.
We are excited about new housing developments.
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The Impact Real Estate Podcast is now "Beyond the Resume"! On this episode, your co-hosts Chris Papa and Lisa Flicker talk with Anthony Scavo, the COO of Basis Industrial. Anthony discusses the evolution of the firm from self-storage to multi-tenant industrial assets. He shares insights on operational strategies, the importance of team culture, and recruitment challenges in the real estate sector. Anthony also outlines the company's growth plans and reflects on personal experiences in the industry, emphasizing the need for adaptability and strong management practices.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/anthony-scavo
Chapters
02:50 Management Company and Third-Party Lease
05:46 Capital and Competition in the Industrial Market
08:43 Choosing Multi-Tenant Light Industrial over Outdoor Storage
10:15 Regulation and Zoning in Real Estate
11:12 Managing and Upgrading Multi-Tenant Light Industrial Properties
14:15 Raising Rents to Market Value and Providing a Better Tenant Experience
15:49 Balancing Institutionalization and Nimbleness in Operations
19:36 Lessons Learned from Lefrak and Katz & Matias
22:18 Joining Basis Industrial and Transitioning from Self-Storage
24:07 Basis Industrial's Offices and Corporate Structure
25:26 Living in Florida and New York
26:08 Pace of Life in Florida and New York
28:03 Scaling a Business and the Need for Institutional Capital
29:04 Setting Up Systems for Institutional Capital
30:32 Generational Shifts and the Changing Landscape of Businesses
34:58 Building a Strong Company Culture in a Remote Work Environment
36:35 The Challenges of Recruiting for Property Management
Takeaways
Basis Industrial rebranded in 2021 to focus on multi-tenant industrial assets.
The firm manages over 3 million square feet across Florida and Texas.
Multi-tenant industrial spaces are seen as recession-proof due to their tenant diversity.
Effective management practices can significantly increase property value and tenant retention.
Recruiting and retaining good property managers is a significant challenge in the industry.
Building a strong team culture is essential for operational success.
The transition from self-storage to industrial assets was driven by market conditions and opportunities.
Scavo emphasizes the importance of personal connections in remote work environments.
Future growth plans include expanding to 15 million square feet in five years.
Scavo's background in real estate has shaped his approach to management and operations.
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The Impact Real Estate Podcast is now "Beyond the Resume"! Join your co-hosts Chris Papa and Lisa Flicker as they talk with Sam Hales, the Founder & CEO of SG Communities. In this conversation, Sam discusses his journey into the mobile home park industry, highlighting the investment landscape, operational challenges, and the importance of community pride. He shares insights on attracting capital, the impact of NIMBYism on supply, and the resilience of manufactured housing during economic downturns. The discussion also touches on company growth, hiring strategies, and the significance of mentorship in personal and professional development.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/sam-hales
00:00 Introduction and Background
00:34 Advantages of Mobile Home Parks
06:34 Managing Mobile Home Parks and Amenities
08:59 Challenges with Squatters
12:15 NIMBYism and Limited Supply
15:16 Potential for Technological Advancements
23:43 Challenges of Accounting in Mobile Home Parks
25:31 Outsourcing Accounting to the Philippines
28:09 Creating a Positive Living Environment
28:55 The 'Bus Test' for Community Impact
30:39 Book Recommendation: Building an Elite Organization
34:39 The Influence of Mentors
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The Impact Real Estate Podcast is now "Beyond the Resume"! Join your co-hosts Chris Papa and Lisa Flicker as they break down why they decided to relaunch the podcast and what you can expect from their show.
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On this episode of the Impact Real Estate Podcast, we conclude our Summer Series by revisiting our 2020 conversation with David Ginsberg, Senior Vice President at WinnDevelopment. We talk about his journey to Winn Companies, the three things that attracted him to affordable housing and he breaks down what you can do to help build more impact real estate where you live.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-david-ginsberg
Chapters
00:00 Introduction and Personal Background
02:51 Overview of Winn Companies
05:12 Process of Affordable Housing Development
08:04 Types of Tax Credits for Affordable Housing
10:53 Competition for Funding
14:11 Benefits and Challenges of Affordable Housing Development
17:34 David Ginsberg's Background and Path to Affordable Housing
20:56 Importance of Urban Studies in Development
23:46 Community Impact of Affordable Housing Development
26:33 Experience in the Public Sector
27:30 Preserving Affordable Housing
29:27 Partnerships in Affordable Housing
30:23 The Rental Assistance Demonstration (RAD) Program
31:53 Addressing the Affordable Housing Crisis
33:16 Success in the Affordable Housing Industry
Takeaways
Winn Companies is a family-owned development company that manages affordable housing units and military housing.
Affordable housing development involves a complex process of securing funding, including tax credits and loans.
State and local support is crucial for the success of affordable housing projects.
The competitive nature of funding allocation requires developers to be creative and strategic in their approach.
Affordable housing development has a significant impact on communities, providing housing opportunities and improving quality of life. Preserving affordable housing is crucial to provide housing opportunities for families and individuals who have lived in the community for years.
Partnerships with other affordable housing companies, nonprofit organizations, and housing authorities can help fill funding gaps and complete projects.
The Rental Assistance Demonstration (RAD) program allows housing authorities to partner with private developers and preserve affordable housing.
More resources and legislative changes are needed to address the affordable housing crisis and ensure that people have access to affordable housing.
Networking, working well with others, and continuously learning are key factors for success in the affordable housing industry.
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On this episode of the Impact Real Estate Podcast, we continue our Summer Series by with a throwback to 2020 and Sam Moss, the Executive Director at Mission Housing Development Corporation in San Francisco. Chris and Sam chat about the challenges and successes of building affordable housing in one of the country's most difficult markets. Don't forget to check out Sam and a panel of affordable housing leaders during "Unlocking Affordable Housing Solutions: Insights from the SF Bay Area" a Jackson Lucas webinar on Sept. 17. Register on our Linkedin page.
Mission Housing is a nonprofit organization that focuses on developing and managing 100% low-income housing. They also prioritize resident and community services to ensure that their properties benefit everyone in the surrounding neighborhood. Moss explains the complex process of financing affordable housing projects, which involves multiple funding sources and partnerships with other developers. He also discusses the impact of redlining and zoning policies on housing development in San Francisco. Moss shares his experience working as the executive director and emphasizes the importance of community outreach and collaboration. Sam and Chris also discuss the complexities of affordable housing and the importance of collaboration in the industry. He shares his personal journey into the field and highlights the tangible impact of affordable housing projects.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-sam-moss
Chapters
00:00 Introduction to Mission Housing Development Corporation
02:22 The Focus on Affordable Housing and Community Development
03:50 Challenges of Building Affordable Housing in San Francisco
07:13 The Evolution of Financing Affordable Housing Projects
10:30 The Impact of Policies on Housing Development in San Francisco
14:19 Redlining and Zoning in San Francisco
16:11 Recent Progress in Affordable Housing Development
19:00 The Balboa Reservoir Project
22:49 The Role of the Executive Director
27:10 Providing Holistic Services and Programs
29:02 The Complexity and Collaboration in Affordable Housing
42:16 The Tangible Impact of Affordable Housing
45:12 Mission Housing's Leadership Role During COVID-19
49:00 The Countercyclical Nature of the Affordable Housing Industry
Takeaways
Mission Housing Development Corporation is a nonprofit organization that focuses on developing and managing 100% low-income housing in San Francisco.
They prioritize resident and community services to ensure that their properties benefit everyone in the surrounding neighborhood.
Building affordable housing in San Francisco is challenging due to high construction costs and complex financing processes.
Redlining and zoning policies have had a significant impact on housing development in the city.
The executive director of Mission Housing plays a crucial role in project management, community outreach, and advocacy for affordable housing. Affordable housing is a complex industry that requires collaboration among various entities, including developers, consultants, and government agencies.
Being a project manager in affordable housing requires a diverse skill set and the ability to navigate complex financial analysis.
Affordable housing has a tangible impact on communities, transforming neighborhoods and providing much-needed housing for low-income individuals and families.
Mission Housing has taken a leadership role in addressing the challenges of COVID-19, implementing safety protocols and providing essential services to residents.
The affordable housing industry is countercyclical and can thrive even during economic downturns, providing opportunities for development and investment.
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On this episode of the Impact Real Estate Podcast, we continue our Summer Series by revisiting our conversation with Heather Hood, the Vice President and Market Leader for Northern California at Enterprise Community Partners. We discuss affordable housing, the work of Enterprise Community Partners, and the challenges of developing affordable housing in the Bay Area.
Heather shares her background and how she got into this field. We also talk about the Bay Area Housing Finance Authority and the barriers to affordable housing development in the region. We discuss the background in urban planning and how it has influenced his work in affordable housing. He emphasizes the importance of networking and the value of connections. Heather also shares her advice for those starting their careers in the field, highlighting the need for executive functioning skills, the ability to work with diverse groups of people, and a willingness to continually learn. She discusses the current state of affordable housing and the impact her work has on improving housing security for individuals and families.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-heather-hood
Chapters
00:00 Introduction and Interview with Heather Hood
03:00 Enterprise Community Partners: Making Home and Community Places of Pride
06:28 Providing Resources for Affordable Housing Development
12:58 The Role of Financing in Affordable Housing
18:57 The Bay Area Housing Finance Authority: Addressing the Lack of Affordable Housing
26:18 The Challenges of Developing Affordable Housing in the Bay Area
28:47 The Value of Networking and Education
31:05 The Challenge of Hiring from the Same Program
33:12 Essential Skills for Success
34:06 The Current State of Affordable Housing
38:20 Personal Background and Motivation
50:23 The Impact of Affordable Housing Work
52:47 Favorite Interview Question
Takeaways
Enterprise Community Partners is a nonprofit organization that works to make home and community places of pride, power, and belonging.
They provide resources for affordable housing developers to build and preserve affordable homes, primarily through tax credits and philanthropic funding.
The Bay Area Housing Finance Authority was created to address the lack of affordable housing in the region and provide financing for affordable housing projects.
Developing affordable housing in the Bay Area is challenging due to high land and construction costs, NIMBYism, and lengthy approval processes.
There is a need for regional solutions and collaboration to address the affordable housing crisis. Networking and connections made through education are valuable resources in the field of affordable housing.
Executive functioning skills, the ability to work with diverse groups, and a willingness to learn are important for success in the industry.
The current state of affordable housing is a crisis, with millions of people paying over half of their income for housing and a growing number of homeless individuals.
Working in affordable housing has a direct impact on improving housing security and providing stability for individuals and families.
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The Impact Real Estate Podcast: The Summer Series with Karim Hutson
On this episode of the Impact Real Estate Podcast, we continue our Summer Series by revisiting our conversation with Karim Hutson, the founder of Genesis Companies, a real estate company focused on building and preserving affordable workforce, mixed-income properties. Karim discusses the mission of Genesis Companies and their commitment to not only building quality housing but also being advocates for the communities they serve. The conversation also touches on the importance of embracing virtual work and creating a collaborative culture, as well as Karim's personal journey into real estate and his influences growing up. Chris Papa and Karim discuss his journey in affordable housing development, starting with his first deal and how he learned to navigate the financial aspects of the industry. He shares how his company has evolved from focusing on new construction to preserving affordable housing and taking on more complex deals. Hutson emphasizes the importance of understanding finance, having a vision, being malleable, and building partnerships in the real estate industry. He also discusses the increasing competition in the affordable housing market and how his company stands out by focusing on local knowledge and community partnerships. Hutson shares advice for those starting out in affordable housing development and highlights the impact his firm has in advocating for diversity and supporting the next generation of developers.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-karim-hutson
Chapters
00:00 Building Affordable Housing and Advocating for Communities
08:03 Embracing Virtual Work and Creating a Collaborative Culture
13:10 Karim Hudson's Personal Journey into Real Estate
24:57 Understanding the Affordable Part of Housing Development
26:22 Transition to Property Management and Community Support
29:38 New Deal with the Housing Authority in New York City
35:20 The Importance of Understanding Finance in Real Estate
37:48 Navigating the Competitive Real Estate Market
42:12 Advice for Starting Out in Affordable Housing Development
44:14 Memorable Deal: Purchasing the Abyssinian Development Portfolio
46:44 Advocating for the Next Generation of Developers
Takeaways
Genesis Companies focuses on building and preserving affordable workforce, mixed-income properties.
The company is committed to being advocates for the communities they serve.
Embracing virtual work and creating a collaborative culture are key to productivity and success.
Karim's personal journey into real estate was influenced by his upbringing and a desire to make a meaningful impact. Understanding finance is crucial in affordable housing development
Having a clear vision and being malleable are key to success in the industry
Building partnerships and leveraging local knowledge can help stand out in a competitive market
Starting out in affordable housing development requires commitment, patience, and understanding the long timeline
Advocating for diversity and supporting the next generation of developers is important for creating impact
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On this episode of the Impact Real Estate Podcast, we kick off our Summer Series by revisiting our conversation with Darnell Williams, the Senior Vice President of Property Operations at Eden Housing. We talk about his indirect path to real estate and how he rose up from the projects of south side Chicago to managing one of the largest affordable housing portfolios in California.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-darnell-williams
03:30 - Wearing a lot of hats
04:45 - What is Eden Housing?
09:11 - Robust service platform
12:59 - One-night stands
14:14 - Cap and interest rates
15:58 - Onboarding rocess
20:18 - Child of Chicago
24:42 - Choosing nonprofit
26:58 - FP vs NP
29:53 - "I don't want to get in trouble here..."
34:13 - The Hot Seat
Takeaways
• Eden Housing is a nonprofit organization focused on providing affordable housing in California.
• Asset management at Eden Housing involves portfolio management, reporting, and building performance.
• Resident services are an important aspect of affordable housing, including financial literacy, senior services, and after-school programs.
• Partnerships with other service providers are crucial to provide comprehensive services to residents.
• Acquiring and managing properties in the affordable housing market can be challenging, and asset managers must consider long-term sustainability.
• Competition from for-profit investors in the affordable housing market is a concern.
• Darnell Williams shares his personal journey from growing up in affordable housing in Chicago to working in the affordable housing industry. • Decision-making in the nonprofit world tends to be more cautious and risk-averse, with a focus on vetting ideas thoroughly before moving forward.
• Doing business in California presents specific challenges, such as the need to apply to multiple agencies for financing and deal approval.
• The process of building new properties in California can be lengthy, taking up to two years or more, and there is a need to focus on densifying housing to address the housing crisis.
• Interpersonal skills, financial literacy, and problem-solving abilities are crucial for success in asset management.
• Diversity and inclusion efforts are important in the real estate industry, and organizations like ARAP provide support and opportunities for professionals of color.
• Asset management has a significant impact on organizations and communities by influencing decisions related to building, operating, and financially sustaining affordable housing.
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