Fund Friday E39: Navigating the Current Economic Uncertainty with Jeremy Roll

In this episode, Craig McGrouther sits down with Jeremy Roll, a legendary investor renowned for his expertise in real estate and market trends. With a wealth of experience, Jeremy has navigated various economic cycles and is known for his strategic insights into investment strategies. His focus on stabilized cash-flow properties and understanding market dynamics has made him a sought-after voice in the investment community.

Rob oversees acquisitions and capital markets for Lone Star Capital and has acquired over $600M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.

👉 Learn more at www.lscre.com

👉 To apply to attend LSC Summit 2024: www.lscsummit.com

👉 Grab a copy of Structuring And Raising Debt & Equity For Real Estate at https://www.structuringandraising.com

▪︎ Get a FREE copy of the Passive Investor Guide:
https://www.lscre.com/content/passive-investor-guide

▪︎ Subscribe to our newsletter and receive our FREE underwriting model package:
https://www.lscre.com/resource/underwriting-model

▪︎ Follow Rob Beardsley:
https://www.linkedin.com/in/rob-beardsley/
https://www.facebook.com/RobBeardsleyLSC/

▪︎ Read Rob’s articles:
https://www.lscre.com/blog

With over $600 million in acquisitions and over 30% gross realized returns since 2018, Lone Star Capital is a fast-growing real estate investment firm owning and operating over 4,500 multifamily units in Texas. We deliver superior risk-adjusted returns through diligent sourcing and selection, vertically integrated property management, and rigorous reporting.

Timestamps:
00:00:00 - Introduction to the Daily State of the Industry Update
00:02:07 - Anticipating a Stock Market Decline
00:04:16 - The Impact of Pricing and Cap Rates
00:06:24 - The Japanese Stock Market Selloff
00:08:33 - Signs of an Impending Recession
00:10:42 - Impact of a Recession on Syndicators and Borrowers
00:12:52 - The Compound Effect on Building Value
00:14:58 - Investing with Positive Leverage
00:17:11 - Defensive plays in anticipation of a recession
00:19:12 - Warren Buffett's Investment Strategy
00:21:21 - Positive Leverage in Real Estate Investments
00:23:35 - The Timing of Recessions and Media Distortion
00:25:47 - Potential Recession and Market Bottom Analysis
00:27:59 - Investing in Predictable Real Estate Assets
00:30:07 - Investing in Hard Assets
00:32:15 - Demand Predictability and Asset Investment
00:34:24 - Assessing the Risk and Reward in Investing
00:36:30 - Taking Risks in Real Estate
00:38:36 - Arbor's Loan Tricks
00:40:34 - The Extending of Loans
00:42:45 - Challenges with Bridge Loans in the Multifamily Market
00:44:54 - Expecting a Recession, Opportunities in Real Estate
00:47:06 - Investing in a Recession
00:49:00 - Sign off and see you next week