Co-Living With Susan Tjarksen of Cushman and Wakefield

July 16, 2019 by Phil Coover

Joining Phil on this episode is Susan Tjarksen, Managing Director at Cushman and Wakefield. Susan has over 30 years of experience in real estate, in both the public and private sectors. She is a leading expert on co-living and joins us to discuss how buildings are being developed and adapted for the Co-living model to generate more income per square foot while at the same time serving marketplace demands. Co-living is a community style of living where common spaces are shared, and spaces such as bedrooms are private, with each tenant responsible only for their share (rather than everyone in one unit being jointly and severally liable). Susan and Phil discuss why co-living, which has existed for quite some time in various forms, is regaining popularity among the younger professional demographic: millennials. Susan goes in depth about what is attracting more and more people to co-living in the gateway markets. One of the main reasons is affordability, because rent is rapidly expanding in these markets, and the other is convenience. This creates an opportunity for developers and investors. According to a survey by the National Apartment Association, millennials chose to live close to work and travel for entertainment, which makes co-living all the more attractive for young professionals seeking the ideal living situation.

You can contact Susan Tjarksen and learn more about Cushman and Wakefield here.

You can download the coliving report here.

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 34 – Kevin Bupp, CEO of Sunrise Capital

January 28, 2019 by Phil Coover

On this episode, Phil Coover is joined by Kevin Bupp, CEO of Sunrise Capital Investors and host of the popular podcast “Real Estate Investing for Cash Flow”, on which Phil was a guest in November. Florida-based with a national presence, Sunrise Capital has developed an investment niche in mobile home parks. Kevin and Phil discuss what makes this asset class different from other multi-family commercial real estate and the unique opportunity it presents. Kevin also talks about making the transition from self-funded investment to finding partners and raising capital.

Kevin Bupp is a real estate and marketing professional with extensive business development experience who holds a sincere passion for helping investors achieve above average and safe returns. He has a successful track record of identifying and re-positioning multi-family value-add properties. Kevin’s “Real Estate Investing for Cash Flow” podcast is available on iTunes.

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 3 - Robert Walters - Part 2 of 2

January 26, 2017 by Guest User

Robert Walters – Principal of Quattro Development, LLC. In part 2 of a 2 part episode, host Phil Coover continues his conversation with Rob Walters of Quattro Development, Inc., where they discuss the nuances of approaching municipalities around the country, picking sites by looking at population density, the difficulties of entering the commercial real estate industry, and a new non-profit endeavor to help underprivileged youths gain work experience in commercial real estate.

Learn more about Quattro Development here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.