Thats very different if youre buying 20 individual deals. Prior to joining Origin Investments, he underwrote and transacted commercial real estate investments at Equity Office Properties. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net individual investors. She was responsible for planning, creating and distributing content, including email marketing, writing articles for the EveryDose blog, and managing the company's social media presence. Dave joined Origin in 2011, and, over that time, has completed over $1.1 billion of direct and joint-venture investments comprising of a host of physical and operational repositioning strategies and ground-up development of multifamily and office assets throughout Chicago and the Southeastern U.S. Ken began his career in commercial lending as a credit analyst for MB Financial Bank in Chicago. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. +1-941-225-8477. She graduated from Marquette University with a Bachelor of Business Administration in Real Estate and Finance and was a member of the Marquette Women's Soccer Team. Prior to joining Origin, Barbara was the managing editor of HOTELS, a Chicago-based publication covering the global hotel business. Its really Its everything we look for but its a good quality asset. Is that correct? Prior to joining the Origin team in December 2022, she worked as a content marketing coordinator at EveryDose, a niche startup centered on medication adherence. We have lots of information about Edsel: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Other. That was kinda the impetus of us starting together. As Head of Asset Management for the U.S. portfolio, he held responsibility for the investment performance of a 36-building national office, R&D, and industrial portfolio containing 7 million square feet. Rod Khleif: This has been a real high-level conversation and some of you guys heads are probably spinning from this but lets go back to when you first And I know you invested your own equity to get started. Bills design practice emerged out of a fine arts background. How to build good will for future deals, Book Recommendation: Principles by Ray Dalio, To learn more about our guest, click here, Join us at a Multifamily Bootcamp, visit MultifamilyBootcamp.com, Ep #225 Michael Episcope 1 Billion in Real Estate Transactions. In May 2021, a judge ruled that Michael's estate was worth US$111 million. Before Equity Office Properties, Tom worked as a commercial credit analyst at JP Morgan Chase. Prior to joining Origin, Spencer began his career as an Analyst at Blue Vista Capital Management. Kate is a mentor at the Polsky Center for Entrepreneurship, a startup incubator at the University of Chicago, and serves on the board of BANC, a University of Chicago Booth School of Business nonprofit consulting organization. Christopher Joined Origin in September of 2022 as a Senior Accounting Associate. Net worth: $150 million. Got it. So many, I would say 50% of them, we were able to buy back in the first three months and people were so thankful to us even to come there to provide them with an exit strategy. He is an avid outdoor hobbyist and ultramarathon runner. Aenean nec cursus diam, eget consequat mauris. Rod Khleif: Exactly. As Managing Director of Investment Management at Origin, Marc is accountable for the performance of Fund investments and execution of property-level business plans. But I can't accept not trying." - Michael Jordan . Anyway, I just want to explain that to my listeners that may not understand what a broken condo conversion is. After graduating from UIC, Grace worked as a staff accountant at the food industry consulting firm Technomic, Inc. (now part of Winsight), in downtown Chicago. He put on a new roof. Developers have enjoyed years of consistent, reliable rental rate growth, with the average rent growing 13.5% in 2021 and another 6.2% last year, according to Yardi Matrix. Her net worth is an estimated $500,000, according to ScreenRant. Jennifer is a huge Disney enthusiast. Originally from China, Grace came to the U.S. in 2011 to pursue a Master of Science in Accounting degree, which she received in 2013 from the University of Illinois at Chicago. Originally from Wisconsin, he is an avid Green Bay Packers and Wisconsin Badgers fan. Before joining Origin in 2022, Michelle previously worked at Sovereign Brands, a wine & spirits company. There are deals to be had but not as easy. He previously worked at Mark Anthony Brewing where he was responsible for leading the accounts payable process for over 50 vendors relating to co-packers, raw materials and packaging for Mikes Hard and White Claw. Prior to joining Origin full-time, Ryan was a Data Scientist intern. He currently resides in the Knox Henderson neighborhood of Dallas and is originally from Ohio. I could barely get my head through a door cause I thought I was a real estate god and you know. Welcome to the show, buddy. Bill has 20 years of experience in all facets of multifamily development and construction totaling over four thousand units and $1.5 billion in project costs. Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. Rod Khleif: As a passive investor in other deals. Rod Khleif: Yeah. What are the eight markets that youre in? PublicPrivate Court, Arrest or Criminal Records Ep #183 Grant Cardone Controls Over 4,000 Apartments Worth Over a Half a Billion Dollars. Number 7: Kenneth Tuchman. Origin builds, buys, and lends to class A multifamily real estate in tax and . Michael Episcope: I think thats where a lot of people make the mistake, its looking at, and comparing returns to one another. He enjoys spending time with family, trying to keep up with the ever-changing restaurant scene, travel, golf, fly fishing, an occasional bird hunt and Iowa Hawkeyes athletics. If youve enjoyed the show, please take a minute to visit iTunes and leave your comments. We had to cut people back and limit the amount they could invest, because what were trying to do is build goodwill with a stable group of investors at that time. Michael Episcope Principal, Origin Capital Partners Michael Episcope is principal and co-founder of Origin Capital Partners, a Chicago-based real estate investment firm that invests in. Everybody knows my $50 million seminar in 08, and Ive been through other cycles as well that were equally impactful, negatively impactful. ", - David Scherer, Co-CEO of Origin Investments. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. He and his wife reside in Northern Illinois with their three children, spending time watching their kids sports and walking the familys Chesapeake Bay Retriever. As one of Americas top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world. Michael Episcope: Right. Operationally, weve increased revenues about 50%. Interesting. Michael Episcope: Yeah, especially in assets because were more of a buy-fix-sell strategy where were buying underperforming assets and if we lose a tenant or we have to backfill a tenant, we need to do that. Gina serves as an Investor Relations Support Specialist. Michael Episcope: And I will tell you, Rod that is the common theme. She is instrumental in executing marketing campaigns to drive new investors for our private real estate funds. Prior to Origin, Daniel worked as an auditor at Grant Thornton, working on clients in the auto and medical manufacturing field space. Michael Episcope: On a syndicator deal, what they will do is that they dont charge on committed capital, they charge on acquisition fee because for every deal that they do end up finding, theres probably 20 deals that they didnt find that they had to pay their expenses. If we have two or three deals that dont perform, and the fund only generates 8%, we dont get paid a performance fee. What were trying to do is really take, what we call, core plus risk and deliver value add returns. Michael Episcope: No, we dont. Maria serves as a marketing associate at Origin, working with and supporting all marketing channel owners. He is an accomplished French horn player, contemporary art collector and competitive recreational cyclist. Im not gonna do his bio or history any justice, so were gonna go right to you, Michael. And he actually did. In his free time, he enjoys cooking, listening to music, and traveling. Jacob lives in the Lincoln Park neighborhood of Chicago and loves cheering on the Green Bay Packers and Wisconsin Badgers. Gina graduated from DePaul University with a Bachelor of Science in Business with a major in Hospitality Leadership. Since moving here in 2003, He has taken the opportunity to enjoy a wide variety of food and activities that the city has to offer. Cardone currently owns more than 4,000 multifamily units with a current portfolio value of $350,000,000. 228 Michael Episcope, Principal & Co-Founder, Origin Investments This is actually my second career. Two years later, she took a role as a Property Accountant at SLM Realty, LLC., where she was first exposed to the real estate industry. The materials created by Michelle are essential to acquiring, nurturing, and converting leads, as well as engaging and retaining existing investors. With Michael's leadership, Origin has $1 billion in equity under management and has executed more than $2.6 billion in real estate transactions in fast-growing markets throughout the U.S. By the time the partners closed a $151 million fund raised from 450 investors last June, they'd transformed the company into something different: a real estate private equity fund that uses crowdfunding-like tactics to raise money from family offices and high-net-worth individuals. That trend is . Marc has 27 years of experience in asset management, acquisition, disposition, underwriting and valuation, leasing, debt structuring, risk management and due diligence for both public and private real estate investments. At Ventas Kate was responsible for business transformation and M&A integration and was a key player in the divestiture of Care Capital Partners as a standalone publicly-traded REIT in 2015. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. Were in those markets because in the strategy sense, the first thing we do is look at the macro view of the world and figure out where we want to invest. Bill lives in Andersonville. Well, I heard somebody else bring this up. Present portfolios valued over almost a half a billion dollars, or more than a half a billion. The more weve refined our strategy over the years, and actually narrow the focus, the more prolific and just more efficient weve become at finding deals. Of that 16 years, I traded for about 10 years. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your, MMXXII K L Promotions, LLC All Rights Reserved. Kate Khazin leads investor relations and is responsible for scaling internal processes to fuel Origins explosive growth. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. While there, she was responsible for analyzing insurance risks across the different lines of business, such as Builders Risk, Commercial General Liability and Auto insurance for several owners, general contractors, and subcontractors. Michelle serves as a Graphic Designer here at Origin Investments. David earned his undergraduate degree from Harvard University and his MBA from the University of Chicago. Check BackgroundGet Contact InfoThis Is Me - Edit Court & Arrest Records View All This section can be locked, requiring permission to view. Episode Highlights If we make $100,000 commitment to fund, we dont take it all upfront because we dont have a portfolio of assets. Elena serves as Origin Investments assistant general counsel. My first career was in commodities trading. Tommy graduated from Northwestern University in 2018 with a Bachelor Communications and Business Institutions. It really, funders charge differently. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). Dr. Dahle's conversation with Origin Investments about what all high-income earners need to consider when investing to grow their net worth.The White Coat In. The company acquires, owns and operates office and multifamily properties in eight U.S. markets. He made sure the tennis courts were great. They had to give it back to the bank, or they had to sell it. Let me ask you this, you obviously have incredible success, is there a dark time in this real estate journey that youd be willing to share with people? He was responsible for evaluating, analyzing, and reconciling mutual funds, separately managed funds, and Real Estate funds to determine the Net Asset Value daily and to produce client month-end reports. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the k Barbara is the content strategist in Origins marketing department. My first career was in commodities trading. What were the decisions? Rod Khleif: Its not how much you make, its how much you dont lose. She managed daily web and monthly print publishing schedules, oversaw operations and interviewed owners and operators around the world. Michael Episcope worked as a commodities trader for 15 years while investing passively before deciding to take things a step further and earn a master's degree in real estate. Which actually add some complexity because youve got a homeowner; youve got an association associated with those units so its kinda a complex thing to get into. During the unpredictable Chicago winters, she tries to stay active and has found skiing and skating in the park to be her favorite wintertime activities. You think you know what youre doing so you get comfortable or lackadaisical, and you dont keep your eye on the ball, and boom! Preston received a Bachelor of Business Administration majoring in Real Estate and Urban Land Economics from the University of Wisconsin-Madison. Im Rod Khleif and Im thrilled youre here. Origins explosive growth and transacted commercial real estate in tax and climate-friendly state quot ; Michael. 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