Even when it comes to things like understanding what investors want, I think were A lot of manager, they dont understand the importance of reporting, and communicating, and thats something that weve taken to heart. Jennifer went to Bradley University in Peoria, IL. Michael Episcope: In our fund, we charge a 1.5% annual management fee on committed capital that ultimately reverts to invested capital. Michael Episcope: Its a capital commitment fee. He was awarded the MSU Evans scholarship for an outstanding caddie record and academic excellence; Graduating from Michigan State in 2019 with a Bachelor of Science and minor in international business. I mentioned earlier in the podcast, I had done some passive investing even prior to Origin. Barbara received a bachelor's degree in journalism at the University of Illinois at Urbana-Champaign. She joined Origin in early 2017 after spending nearly a decade at Morningstar, Inc., a leading provider of independent investment research. He is an active member of the Real Estate Investment Association as well as the Urban Land Institute. Beautiful B-plus asset, early 80s vintage, owned by the same individual who built it, his children managed the property, which thats something thats unique and they [overlap talk], Rod Khleif: Okay. Im not If everything wouldnt have gone well and I wouldnt have lost money because of the crisis thats under, you know Okay, the big [bad audio]. Other names that Edsel uses includes Edsel M Episcope, Edsel Michael Episcope and Edsel A Episcope. Phil received a Bachelor of Science with a major in Finance from the Wharton School of Business at the University of Pennsylvania. Twenty per. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). He is a lifelong resident of Chicago and lives with his dog in Chicagos Pilsen neighborhood. Preceding her most recent experience she was in the Mortgage Servicing Industry at Fay Servicing, Energy Monitoring & Consulting at Mad Dash, Inc.
Aaron is responsible for driving performance in the companys multifamily portfolio. He received a Bachelor of Business Administration with majors in Real Estate & Urban Land Economics and Finance, Investment & Banking from the University of Wisconsin Madison. We sort of stopped and said, Look, we can take this down with our own capital but what do we want to be when we grow up. Reputation Score: 2.59 - 3.76. Michael Episcope: Yeah. Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Give us an idea of what sorts of things you might do to add value to a nicer asset like that. Rod Khleif: Yeah, I mean thats why the index funds are the largest on the planet. Episode Highlights Trends High Net Worth investors should consider as they begin to allocate more funds to alternative investments. Finishing his Master of Accountancy (Also from MSU) in 2020. Why the particular asset classes that you focused on. Prior to joining Origin Investments, he underwrote and transacted commercial real estate investments at Equity Office Properties. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. Michael is the former president of the DePaul Real Estate Alumni Alliance and a sustaining sponsor of the DePaul Real Estate Center. 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. I think that the risk is exponential when you start managing other peoples money. Since its start in 2007, the firm has executed $1 billion in real estate transactions and has more. When we went out, this was in 2010, and it was crazy times then and this was We syndicated some smaller deals prior to that but we had a good network. Jordan's success in the entertainment industry has led to significant wealth, which has enabled him to live a comfortable lifestyle and invest in real estate. He currently resides in the Lincoln Park neighborhood of Chicago and enjoys traveling, cooking, and spending time with family & friends. Phil loves to travel, participate in sports leagues and cheer on the Cincinnati Reds and Bengals. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. Michael Episcope: Thanks, Rod. When I look back, I could look at a deal, and I was trying to evaluate people, and he was vouched for by a good friend of mine, but you fast-forward a couple of years and we went into very bad times. . PublicPrivate Court, Arrest or Criminal Records Its not so much as simplifying and saying, Heres the physical asset, and this is it. Theres a lot of ways that you can really get your face ripped off in this industries. a healthy allocation to alternatives in an ultra-high net worth investor portfolio is attractive, because you get basically higher risk-adjusted returns when you go . The 3 most important rules of real estate Net worth: $150 million. Origin is not only when youre sitting there and youre a principal, and you have so much of your money invested. Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . He has closed over $2.3 billion of transactions and has raised or invested principal funds of over 56 million and averaging a gross IRR of 30%. In preparation for the Jan. 31 date, Origin Managing Directors of Liked by. Im glad you asked that too because in this business you learn a lot more from the deals that go wrong and the mistakes. Chris received his undergraduate degree in Accounting & Finance from Saint John's University (MN) and a masters degree in Real Estate from DePaul University. Michael Episcope: You had an off-market deal in a great suburb, great physical quality asset. Prior to joining Origin, Bill orchestrated due diligence, entitlements, pre-construction, self-perform construction, and owners representative duties at Core Spaces and Gables Residential. Prior to joining Origin Investments, Tommy worked as a Private Capital Manager at Metropolitan Capital where he was responsible for managing existing client relationships and underwriting new credit facilities within the organizations commercial banking team. 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. Rod Khleif: Let me ask you this, you find an A-minus asset, or a B-plus asset, its not like the heavy reposition that you would do on a C-asset where youre going in and completely redoing the interior and all that. There are deals to be had but not as easy. Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. Cause you touched on it with me offline, Id like my listeners to hear that. 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. Vinces responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net worth individual investors. He had five, six, seven deals that were all going south. I mean, for the quality of that management [overlap talk]. Photo: @Bennett Raglin Source: Getty Images Age: 52 years Before his current role, he served as an acquisitions senior associate, overseeing the underwriting and due diligence of all deals being pursued, where he closed in excess of $500 million of multifamily and office assets. Currently, he is pursuing a Masters in Real Estate from DePaul's Kellstadt Graduate School of Business, and will be graduating in the Fall of 2022. I mean, theyre yours; they are your rabid fans. She currently resides in Evansville, Indiana USA. And he actually did. And thats what I was talking about. She received her Bachelor of Arts Degree in Communications from the University of Illinois at Urbana-Champaign. When you first started reaching out to investors and did either your first fund or your first syndication I dont know if you went straight to fund or you did a syndication or two. . Youre pretty much locked in to that structure. I would caution people. "A benefit of investing in real estate is that if I buy a property for $100,000, I know tomorrow it won't be worth $0, which is a real possibility with other forms of investing." . We had a deal that we kind of We ended up buying a distressed pool of debt from a bank and it was one of these crazy days when the market was down 800 points, and you know, everything was down. Since 2003, Dave has been involved with the sourcing, closing and execution of more than $1.9 billion of commercial real estate acquisitions, dispositions and development projects. Theyre truly a trillion dollar funds these days; in the stock market, that is. The Michael Kors Holding Company made headlines in 2018 when it announced . Spencer received a Bachelor of Science in Business majoring in Finance and Real Estate from Indiana University. In 2007, Michael Episcope co-founded Origin Investments, a top-decile fund manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. It was in 2007 that my partner and I got together, and we decided, and kinda came to the same conclusion that we can do this better with our own capital. Soon after graduating, he worked in the Transfers department at Millennium Trust. As of 2021, Michael B. Jordan's net worth is estimated to be around $25 million. This was consistent with the thesis. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. Some assets weve sold in a year and a half, some assets we hold five or six years. Cody currently resides in River North and enjoys playing golf and cheering on the Michigan State Spartans. I can give you a couple of examples if you want. In her role as part of the Trustee department, she provided cash reconciliation and portfolio services on a variety of corporate debt securities for clients. He has more than 30 years of investment and risk management experience and has been an integral contributor to Origins innovative practices and investment success. Michael is co-founder and principal of Origin Investments, a private equity real estate firm founded in 2007. Melissa leads a team focused on growing our high-net-worth investor base through various marketing efforts. Rod Khleif: Those that dont know what hes talking about here, back when things were going fast and loose in 05, 06, 07, a lot of apartment owners were condo-mizing those apartment complexes and selling them off one at a time. Michael Episcope: Rod, just to back your other point, we talked about fund advantage, one of the nice things, if you have an individual deal, and it goes bad, you cant borrow from another transaction to ride the ship in that deal, cause chances are you have different investors across. He was formally trained as a multi-disciplinary artist with an emphasis on conceptual thinking at the School of the Museum of Fine Arts, Boston. Now, that money can be spread across 15 to 20 deals over asset class because we do multifamily and office by geography, cause were in eight different cities around the United States. Rod Khleif: Hey, my net worth went up $17 million in 06. Stephanie's Voice career has been on and off, but fans think of her as a regular due to her . Scott explains that with commercial real estate, the value is based upon the net operating income . 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