In this month’s episode of Requity Insights, our hosts, Dylan Marma and Luis Velez, discuss the current state of the Commercial Real Estate Market, focusing on capital markets, the acquisitions landscape, and operations. In this anticipated market update for the third quarter of 2023, Dylan shares his thoughts on the current state of the real estate industry, exploring topics such as capital deployment, investment strategies, industry trends, and much more. 

Time Stamps:

[00:00:33] Investment strategy remains the same.

[00:04:00] Focusing on optimization and caution. Seller financing is becoming more popular.

[00:08:29] IRR targets

[00:10:40] Market fears, high yield debt, hesitancy in equity.

[00:13:28] Regional banks pose a threat to alternative asset classes.

[00:19:41] Demand for single-family homes and rentals remains high.

[00:20:50] Increasing demand, decreasing supply, particularly for RVs and mobile homes.

[00:26:30] Camp Spot data confirms declining bookings, expected reversion.

[00:28:03] Campground business steady, COVID sped up growth.

[00:31:25] Solid foundation built, international team expanded. Efficiency improved.

[00:36:58] Revenue stable, long-term bookings prioritized for stability.

[00:39:03] Market: Waiting game, be patient, adjust accordingly.

Follow us on social media! 

Luis Velez https://www.linkedin.com/in/luisevelez/

Dylan Marma https://www.linkedin.com/in/dylanmarma/

The Requity Group https://www.linkedin.com/company/requ... 

Watch this podcast on YouTube / @requity 

Are you interested in becoming an investor? Visit https://www.therequitygroup.com to learn more. 

#MarketUpdate #investing #syndication #passiveincome #rvindustry #camping #rvparkinvesting #mobilehomeparks#acquisitions

In this week's episode of Requity Insights, we explore the topic of selecting the ideal sponsor for your commercial real estate syndication investment. For passive investors, it's vital to meticulously assess the sponsor's track record and qualifications before committing capital. Join us as we explore key considerations like their asset expertise, deal execution success, performance history, market familiarity, and investor communication. We'll uncover the significance of comprehending investment and exit strategies, including experience, assumptions, and past performance. Our journey also uncovers the distribution waterfall, dictating capital sharing among sponsor and investors. From acquisition to promote fees, we dissect the compensation structure. Our focus remains on aligning sponsor and investor interests. Don't miss this revealing episode that could avert costly mistakes. 

Video Link:

https://youtu.be/1lWqLfCUt-k

Time Stamps:

0:50 Track record of the sponsor (GP)

2:20 Sponsors communication cadence

2:40 Understanding the sponsors deal assumptions and investment and exit strategy

4:18 Questions to ask the sponsor about the specific deal they are syndicating

4:48 The distribution waterfall

7:15 Questions to ask the GP about the deal structure, fees, and distributions

Follow us on social media! 

Luis Velez https://www.linkedin.com/in/luisevelez/ 

Dylan Marma https://www.linkedin.com/in/dylanmarma/ 

The Requity Group https://www.linkedin.com/company/requ...

Watch this podcast on YouTube / @requity 

Are you interested in becoming an investor? Visit https://www.therequitygroup.com to learn more. 

#investing #syndication #passiveincome #rvindustry #camping #rvparkinvesting #mobilehomeparks #acquisitions

In this week's episode of Requity Insights, we dive into the fascinating world of property management with our special guest, Jen Ullrich, the COO of The Requity Group. With an impressive track record of 19 asset on-boardings under her belt, Jen has a wealth of knowledge to share with our viewers.  From determining the type of asset to assessing the market and guest demographics, Jen takes us through the meticulous process of on-boarding a new acquisition.   We explore the use of technology, fostering communication and teamwork, and the importance of customer service. Jen also shares the fascinating journey of establishing a call center in the Philippines and the impact it had on their team and customer satisfaction. We'll also discuss revenue-generating strategies, maintaining good vendor relationships, and the role of data analysis in optimizing operations.

Time Stamps:

[00:02:45] How event planning prepared Jen for property management.

[00:04:43] Creating marketing strategies and amenities for transient and long-term campground visitors

[00:07:01] Determining asset type, due diligence on market and guest, upgrading amenities, building reservation software, and understanding area attractions.

[00:11:06] How interacting with diverse guests enhances the property experience

[00:14:30] How to use technology to manage a global team

[00:16:39] Why resident satisfaction comes first

[00:21:14] How opening an overseas call center improved our customer experience

[00:25:29] 3 tips; Pay vendors, listen to data, focus on occcupancy.

Follow us on social media!

Luis Velez https://www.linkedin.com/in/luisevelez/

Jen Ullrich https://www.linkedin.com/in/jenniferullrich

Dylan Marma https://www.linkedin.com/in/dylanmarma/

The Requity Group https://www.linkedin.com/company/requ...

Watch this podcast on YouTube / @requity

Are you interested in becoming an investor? Visit https://www.therequitygroup.com to learn more.

#investing #syndication #passiveincome #rvindustry #camping #rvparkinvesting #mobilehomeparks #acquisitions, #callcenter, #property management, #residentsatisfaction