Large Scale Development and Geographic Expansion with Matt Katsaros of CA Ventures

May 06, 2019 by Phil Coover

Joining Phil Coover on this episode of Real Estate for Breakfast is Matt Katsaros, SVP – Acquisitions of CA Ventures’ subsidiary—CA Residential. CA Ventures is one of the fastest growing real estate companies in the Midwest, and does about $1.5 Billion in real estate development every year. Matt and Phil discuss the history of CA Ventures from its initial niche in student housing to a current portfolio of multiple asset classes and real estate services. Matt shares trends in residential real estate development and investment markets across the U.S.

Founded in 2004, CA Ventures is an international real estate investment management company headquartered in Chicago, IL, with offices in Denver, CO, and London. The firm found initial success focusing on off-campus student housing and has delivered almost 50,000 units (or beds) of student accommodation across 40 major university markets. Today the portfolio is diverse spanning multiple asset classes including student, senior and other residential real estate, as well as industrial and office markets.

You can find out more about CA Ventures here: https://ca-ventures.com/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 33 – Retail is Alive! Innovations in Retail Real Estate with Marget Graham and Jaime Bertsche of Mid-America Real Estate Group

December 11, 2018 by Phil Coover

Joining Phil this episode are Marget Graham and Jaime Bertsche of Mid-America Real Estate Group, the leading full-service retail real estate organization in the Midwest. During this holiday time, we always think of retail. Over the last few years, retail real estate has been beaten down in the markets and in the press, as it went through a tumultuous time. Marget and Jaime, key aspects of Mid-America’s third party landlord brokerage division, share the ways that large retail properties are being used in exciting new ways. Malls and other shopping centers are increasingly converting to mixed-use developments incorporating entertainment, residential and medical components and utilizing common spaces to attract new tenants and customers. Some shopping centers even have swim schools where retail used to be!

Marget Graham is a Principal/Vice President responsible for co-managing new business development and leasing efforts in the Mid-America Asset Management portfolio. She has been with Mid-America Asset Management since 2000 and has specialized solely in Landlord representation. Jaime Bertsche, Vice President, has been with Mid-America Asset Management since 2004, also specializing solely in Landlord representation. Marget and Jaime have extensive experience in an array of product types including mixed-use developments, specialty leasing of lifestyle centers, ground-up projects, power centers, traditional grocery anchored centers and urban retail properties. Through their work in each respective area, they have formed strong relationships with local, regional and national retailers.

Learn more about Marget here.

Learn more about Jaime here.

Learn more about Mid-America Real Estate Group here: http://www.midamericagrp.com/

Episode 32 – Multi-Family Mania - Lee Kiser of Kiser Group

October 18, 2018 by Phil Coover

Phil welcomes Kiser Group founder, principal and managing broker Lee Kiser to the podcast. The multi-family market has been one of the most sought after asset classes for investment over the past few years as the retail market has struggled. Kiser Group, Chicago’s leading mid-market multifamily brokerage firm, has a reputation for innovative service. They assist private investors and property owners with the sale or purchase of both stabilized and value-add multi-family properties. Using proprietary market data, Kiser Group provides extensive, in-depth knowledge of Chicago’s neighborhoods and surrounding suburbs, maximizing value on behalf of their clients.

Lee and Phil discuss Lee’s company, its roots, and big picture business strategies. Lee is renowned in the Chicago real estate industry, and is one of the premier multi-family strategists. Phil and Lee discuss Kiser’s narrow focus and their philosophy of proactive marketing strategies customized for each individual property and client. The result has been strong relationships with prominent local, regional, and national multi-family buyers, sellers and financial institutions.

Found out more about Kiser Group here: http://kisergroup.com/

Episode 31 – Big Data Investments - Todd Stofflet of KIG CRE

September 24, 2018 by Phil Coover

In this episode, Phil sits down with Todd Stofflet, Managing Partner of real estate investment brokerage firm KIG CRE. Investing in big data and using that data to drive better investments, KIG is using predictive analytics in new ways.

Todd Stofflet, Managing Partner, KIG CRE

Chicago-based and Mid-West focused, KIG CRE represents some of the most prominent institutional investors and developers in the multifamily real estate industry. Phil and Todd discuss the firm’s innovative use of data-driven intelligence to make investment decisions. Using open source data including occupancy figures, rental rates and demographic trends, KIG provides investors with valuable analytics. Phil and Todd also explore KIG’s recent “State of the Market” report and current trends in the regional real estate industry.

Visit KIG CRE’s website for more information on the company and their reporting: http://www.kigcre.com/

Episode 30: Opportunity Zones – Bob Waun and Loren Guzik of Pike Street Properties, LLC

August 10, 2018 by Phil Coover

In this episode, Phil sits down with Bob Waun and Loren Guzik, two of the principals of Pike Street Properties, LLC, to discuss the new tax advantaged vehicle that everyone is talking about: Opportunity Zones. Pike Street is currently embarking on an endeavor to create and raise capital through the use of Opportunity Zone Funds, which was created by the Tax Cuts and Jobs Act of 2017 (a/k/a the Trump Tax Plan). Pike Street intends to raise these funds and invest in the communities they care about, namely, Pontiac and Flint Michigan. These gentlemen have been trying to revitalize these blighted areas for years, and now through this new vehicle, they may get their opportunity.

This bi-partisan initiative allows capital gains to be invested in certain designated opportunity zones and, if done following numerous specific guidelines (some of which are still being determined), can have significant tax benefits including deferred gains, step up in basis of 10% after 5 years, 15% after 7 years, and a waiver of gains on the appreciation of the investment if held for over 10 years.

You can learn more about the Opportunity Zones and Pike Street here: https://www.pikestreetproperties.com/

Episode 28 - ICSC RECon Recap – Tom McGee

June 04, 2018 by Phil Coover

During the busiest day of the RECon convention in Las Vegas, Phil sits down with the President and CEO of ICSC, Tom McGee, for a cup of coffee. The RECon convention was a bustling, energetic, invigorating convention, and Tom McGee was proud to be an integral part of it. Tom’s discussion focuses on the demographics of retail, the growing top line revenue of brick and mortar stores, and the continued integration of e-commerce and experiences into existing retail establishments. It was an honor and a pleasure to have Tom share his views on the current real estate climate, and expound upon the services provided by ICSC to its many members.

If you would like to learn more about the International Council of Shopping Centers, please visit the website at https://www.icsc.org/. You can also learn about the RECon event here: https://www.icsc.org/attend-and-learn/events/details/recon-the-global-retail-real-estate-convention6