Ep. 6 - Unanchored Retail and UPREITS: The Hidden Gems of Commercial Real Estate with Garrett Lepow

08/27/24 • 40 min

Join us as we explore the fascinating world of commercial real estate with our special guest, Garrett Lepow, a key player in acquisitions and investor relations at KM Realty. In this episode, Garrett shares his early passion for real estate, sparked in middle school and solidified by a high school internship with a Houston syndicator. Discover how KM Realty focuses on the niche market of unanchored retail strip centers in Texas and Arizona and their strategic plan to consolidate these assets into a real estate investment trust (REIT). Garrett breaks down the concept of an upREIT, explaining its benefits over traditional investment options and the potential for significant value creation in this specialized market.

We also take a closer look at the 721 exchange and its benefits for estate planning, particularly for shopping center owners whose heirs may not wish to manage such properties. Garrett provides a comprehensive overview of the process, from converting property into shares to working with CPAs and attorneys to ensure compliance. This approach not only offers a step-up in basis for heirs but also transforms their inheritance into a truly passive investment, eliminating the complexities of property management.

Lastly, we discuss the current landscape of cap rates amid rising interest rates and the resulting credit crunch, emphasizing the stability and flexibility of investing in free and clear properties. Learn about the potential growth of KM Realty's unanchored retail niche and the strategic benefits of presenting a large, cash-flowing vehicle to public or institutional buyers. Garrett also shares valuable insights on building genuine relationships in the commercial real estate industry, drawing from Dale Carnegie's principles and his own personal experiences.

▶️ If you're interested in learning more about Garrett, check out the following links:
▶ LinkedIn: https://www.linkedin.com/in/garrett-lepow-b37863b7/▶ Website: https://kmrealty.net/
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▶️ Check out my Website: https://creconnection.transistor.fm/
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▶️ For business inquiries: [email protected]
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#CommercialRealEstate #CREPodcas #RealEstateInvesting #PropertyInsight #CREInsiders #tenantrep #CREIndustry #RealEstateExperts #CREconnections

Previous Episode

Ep. 5 - The Art of Marketing in The Commercial Real Estate Arena with Shannon Bedinger and Ashlyn Wooten

Today, we're exploring the fascinating crossroads of marketing and commercial real estate with the insight of Shannon Bedinger and Ashlyn Wooten, both at the helm of their own marketing firms. As we navigate their stories, you'll hear about Shannon's leap from architecture to marketing and her ascent to the role of Chief Marketing Officer at Midway, along with Ashlyn's evolution from real estate agent to a maestro of marketing across various domains. They each shed light on the rollercoaster of entrepreneurship and the invaluable perspectives they contribute to the industry from their diverse experiences.

Listen in as we tackle the nuts and bolts of commercial real estate marketing strategies and expertise. You'll gain a glimpse into how they collaborate on entering new markets, developing national media plans, and refining business tactics, especially amidst the industry's pivot to digital marketing. We delve into the critical role of data and analytics, tailoring strategies to client needs for leasing and sales, and discuss the unique value they provide as problem solvers, emphasizing the extensive understanding required for the market's marketing demands.

Finally, our conversation celebrates the power of relationship-driven strategies and the imperative to grasp different market areas, from urban cores to expanding suburbs. Also, you'll discover the intricate pressures of marketing within real estate development, the import of targeted campaigns, and the extensive work that goes into crafting effective marketing initiatives. Stay tuned for an episode brimming with insights and strategies that illuminate the dynamic and multifaceted world of real estate marketing.

▶️ If you're interested in learning more about Ashlyn and Shannon, check out the following links:
▶ Ashlyn Wooten - LinkedIn:https://www.linkedin.com/in/ashlyn-wooten/ | Website: https://www.createjabbr.com/
▶ Shannon Bedinger - LinkedIn: https://www.linkedin.com/in/shannon-bedinger/ | Website: https://www.7rvrs.com/
If you like the video, please SUBSCRIBE and don't forget to press the bell 🔔, 👍like, comment and share.
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▶️ Check out my Website: https://creconnection.transistor.fm/
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▶️ For business inquiries: [email protected]
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▶️ Follow me on:
• Instagram: https://www.instagram.com/samy_souss/
• LinkedIn: https://www.linkedin.com/in/samy-soussan/
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#CommercialRealEstate #CREPodcas #RealEstateInvesting #PropertyInsight #CREInsiders #tenantrep #CREIndustry #RealEstateExperts #CREconnections #CREmarketing #CMO

Next Episode

Ep. 7 - The LP's Playbook: Strategic Investing with Aleksey Chernobelskiy

💼 The LP’s Playbook: Strategic Investing with Aleksey Chernobelskiy 💼

Curious how to become a smarter, more strategic real estate investor? 🎧

In our latest episode of the Commercial Real Estate Connection Podcast, we feature Aleksey Chernobelskiy, an entrepreneur and LP advisor who shares weekly insights to help Limited Partners level up their investment game. Prior to founding his own business, Aleksey ran STORE Capital’s $10 billion commercial real estate portfolio and led the firm’s underwriting team.

With a quadruple major in Finance, Mathematics, Economics, and Accounting from the University of Arizona, Aleksey now advises LPs on managing existing investments and assessing new opportunities.

In this episode, you’ll learn:

Key Investment Strategies for LPs
Aleksey dives into the essentials of investment diligence, covering metrics like IRR and cap rate compression. Discover how to balance risk and reward in volatile markets and avoid common pitfalls in syndications.
Networking and Mentorship
Aleksey highlights the pivotal role of mentorship and relationship-building in his career, sharing actionable advice for LPs on overcoming the fear of connecting with industry leaders.
Balancing Professional and Personal Growth
Get insights into Aleksey’s unique approach to work-life balance, including routines like Torah study and bouldering, and how his personal life fuels his professional success.

▶️ If you're interested in learning more about Aleksey, check out the following links:
▶ LinkedIn: https://www.linkedin.com/in/chernobelskiy/▶ Website: https://www.lplessons.co/
If you like the video, please SUBSCRIBE and don't forget to press the bell 🔔, 👍like, comment and share.
-----------------------------------
▶️ Check out my Website: https://creconnection.transistor.fm/
----------------------------------
▶️ For business inquiries: [email protected]
----------------------------------
▶️ Follow me on:
• Instagram: https://www.instagram.com/samy_souss/
• LinkedIn: https://www.linkedin.com/in/samy-soussan/
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#CommercialRealEstate #CREPodcas #RealEstateInvesting #PropertyInsight #CREInsiders #tenantrep #CREIndustry #RealEstateExperts #CREconnections