Mastering Multifamily and Build-for-Rent Strategies with Bard Kligerman - CEO of CT Realty Trust

Bard Kligerman is a seasoned real estate developer with over two decades of experience. Co-founding CT Realty Trust (CRT) in 2009 with his father Robert, Bard has led the firm to invest over $220M in a variety of real estate ventures including single-family communities and multifamily apartments throughout Connecticut. Under his leadership, CRT has become a key player in the local real estate market, focusing on in-house management and development.

Links:
CT Realty Trust - https://www.ctrealtytrust.com/
Bard on LinkedIn - https://www.linkedin.com/in/bardkligerman/

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Topics:
00:00:00 - Intro
00:00:45 - Bard's First Real Estate Deal
00:05:23 - Challenges of Managing Distressed Properties
00:09:24 - Building Trust with Investors
00:12:43 - Starting a Property Management Company
00:21:09 - Market vs. Property: What Matters More?
00:24:07 - Navigating Economic Drivers and Risks
00:27:55 - COVID-19's Impact on Real Estate
00:32:08 - Transition to Build-for-Rent Communities
00:45:42 - Distressed Community Transformation
00:46:35 - Challenges and Strategies in Property Acquisition
00:49:05 - The Five-Year Journey of Community Overhaul
00:49:30 - Financial Strategies
00:53:29 - Renovation Tips and Tricks
01:03:12 - Build for Rent Strategy
01:11:20 - Capitalizing Build for Rent Deals
01:16:14 - Lessons Learned from Development Projects
01:23:40 - Favorite Hotel Experiences