I went to DePaul University as an undergrad. Michael also worked at Corporate Express as their Assistant General Counsel. Priya is a licensed CPA, Certified Internal Auditor and a Chartered Accountant. A life-long Chicagoan, Geoff enjoys music, traveling, learning new skills, and spending time with his wife and son. This field is for validation purposes and should be left unchanged. Rod Khleif: Just let me stop you for a second. episcope: [noun] a projector for images of opaque objects (such as photographs). During her time at White & Case, she represented institutional capital sources and developers in connection with acquisitions, dispositions, financings, leasing, and development of various classes of real property, including multifamily, office, retail, hotels, senior housing, mixed-use projects, and vacant land. 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. Michael Episcope: That was a lesson. Michael Episcope is the Principal and Co-Founder of Origin Investments, a private equity real estate firm that serves high net worth individuals, family offices, and wealth management firms. And thats what I was talking about. In his free time, he enjoys cooking, listening to music, and traveling. She managed daily web and monthly print publishing schedules, oversaw operations and interviewed owners and operators around the world. Rod Khleif: Its the most important parameters. Ken joined Origin in 2018 as an Associate on the Investment Management team. Michael brings 25 years of investment and risk management experience to Origin. Grace enjoys cooking, singing, painting and traveling. They will be clamoring to give you money, and to tell all their friends to give you money. But were excited about the asset so were actually putting that under longer term financing. Everybodys gonna look great in an interview, and this and that. He is a member of the Atlanta Apartment Association, a Certified Apartment Portfolio Supervisor, and Certified Apartment Manager. Anyway, I just want to explain that to my listeners that may not understand what a broken condo conversion is. Well have that for probably another four years. Scott explains that with commercial real estate, the value is based upon the net operating income . You look at it today, and its worth two to three times more than what they sold it for. Bill received a Master of Architecture degree and an MBA from the University of Illinois Urbana-Champaign. Yeah, Im just reading Ray Dalios book, Principles, all about decision making. 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. Taking the leap into entrepreneurship, Taylor started a company that provided replacement cars to people who had suffered stolen or damaged vehicles. He oversees the strategy and execution of property-level business plans. Dan joined the team at Origin in 2022 as an Investor Relations Support Specialist. 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? I believe that value add is a way to protect yourself from future downturns. 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. Students Get $20 Off $100+ Worth of Orders . 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. Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. Youre doing things that Youre certainly separating all the utilities, which can be a real asset to your bottom line if everythings separately metered. 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. Education + Add. Rod Khleif: What other fees? What were trying to do is really take, what we call, core plus risk and deliver value add returns. I has some okay experiences, I had some not so great experiences, as well. Those of you that are doing your own syndications, do not short-circuit that process. . We pulled our capital together, and we built a firm. If you can build value and continue to build cash flow in the asset, we leverage two to one to equity. What are the eight markets that youre in? I said, Oh my god, this looks like a homerun. And you dont know what you dont know, and at that time, I didnt have a tremendous amount of real estate experience. Whether you're a first-time or seasoned investor, you've probably heard your peers discuss some of the great deals they've made by investing in distressed real Stephanie's Voice career has been on and off, but fans think of her as a regular due to her . He did everything that youre talking about. We do [overlap talk]. Origin builds, buys, and lends to class A multifamily real estate in tax and . As it stands today, we are buy-fix-sell, so typically the average hold-period is probably three and a half years. As of 2023, Michael Michele's net worth is $100,000 - $1M. I just wrote an article on this. macedonian orthodox fasting rulesmary calderon quintanilla 27 februari, 2023 / i list of funerals at luton crematorium / av / i list of funerals at luton crematorium / av 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. Bills design practice emerged out of a fine arts background. Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. Rod Khleif: Yeah, I mean thats why the index funds are the largest on the planet. Kevin is responsible for driving performance of the companys multifamily development projects & partners. You look at it but there was some people who had some great real estate out there who over-leveraged and ran out of money. So I spent the next year, youd think this would be a slam-dunk, but working between the lawyers and the courts, flying down to Austin and testifying, and trying to wrestle this away. Chris lives in the 12South neighborhood of Nashville and is involved with citys Young Leaders Council. Prior to joining Origin, Suyen spent 8 years at BlackRock as a Vice President on the Portfolio Management team covering Residential Credit. Jonathan is an Assistant Vice President of Investor Relations at Origin Investments where he is responsible for fundraising and business development activities associated with the firms Private Real Estate offerings. In today's show, I am joined by Michael Episcope. This is anywhere from 20 to 25%. Bill is on the marketing team, where he leads marketing strategy and produces creative assets for marketing campaigns including blog graphics, email templates, landing pages, and other branded materials. Michael Episcope: Yeah. Its committed that ultimately reverts to invested equity and on the back end, we have a 20% performance fee. What are your thoughts about whats coming up and on the horizon? But what well do is well forego cash flow in the first two years. North Hills, CA. 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. Before his current role, he served as Senior Associate of Investment Management for Origin Investments, overseeing the execution and strategy of the firms assets, as well as an Associate in the Acquisitions group where he closed over $400 million of multifamily and office assets. Michael Episcope: You know where the value [overlap talk]. You dont really know how people are going to behave until their backs are against the wall. Spencer received a Bachelor of Science in Business majoring in Finance and Real Estate from Indiana University. 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. Cody is a Senior Accounting Associate here at Origin Investments. 6. Michael Episcope: Well, in our vehicle, what we do is we have a one time upfront fee that basically covers our technology, our funds syndication costs, our marketing, everything. Rod Khleif: Let me ask you this, maybe its just because of the way the fund is structured but if its a quality asset like that, and youve raised the value obviously significantly, you could probably refinance and cash out Well, I get it. She is also a professor at Johns Hopkins University School of Education. Being a graphic designer isnt just a job for her; its a vocation. If that would have turned out great and I wouldnt have founded it and maybe I would still be a passive investor today, but I just looked at it and said, I can do better than this. And my partner and I came to the same conclusion and said, Lets do this. [overlap talk]. Preqin , an industry leader that tracks performance of private equity fund managers, ranked these two funds in the top quartile as of June 2016. Garrett received a Bachelor of Arts with a major in Economics from Indiana University. Michael Episcope: Yeah. When I transitioned out of commodities trading in 05, I went back and I went and got a Masters in real estate at DePaul University as well. During his education at DePaul University, he served as Treasurer and President of his fraternal organization. Rod Khleif: Lets talk a little bit more about fee structure because I just wanna make sure So you dont charge an acquisition fee, you charge a capital What did you describe that as? Melissa leads a team focused on growing our high-net-worth investor base through various marketing efforts. I saw the impact that a good real estate Proper real estate investing could make. 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. Awesome. Aaron studied Political Science and Economics at Emory University in Atlanta, GA. Id love to get your insights and your thoughts on Obviously, real estate goes though cycles. I dont know if youve read it. Tommy is an Associate on the Investor Relations team whose responsibilities include serving the needs of our individual investment partners both before and after the investment process. That trend is . Michael Episcope: Yeah. Theres another great. Very interesting. His clients included agencies, startups, non-profit organizations in the arts, higher education, healthcare, social welfare, as well as entrepreneurial individuals. PublicPrivate Court, Arrest or Criminal Records In order to finance his lifestyle, at one point Michael took a $380 million loan from Bank of. Its really Its everything we look for but its a good quality asset. Horacio spoke with Michael Episcope, the co-CEO at Origin Investments. During the summer, Grace enjoys biking along Lakeshore Drive and makes the most of the big city by exploring new places, museums, parks, restaurants and festivals. Before Equity Office Properties, Tom worked as a commercial credit analyst at JP Morgan Chase. Rod Khleif: Thats brilliant, guys. Michael Episcope: Yeah. In that role, Dan facilitated the internal and external movements of custodial accounts to other IRA custodians. The markets been great for the last couple of years. Prior to Origin, Regina was a Senior Treasury associate for 5+ years at Straits Financial, a Futures Commissions Merchant, based out of Chicago. The importance of risk management By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. Michael Episcope - $1 Billion in Multifamily and Commercial Real Estate Transactions Ep #225 Michael Episcope - $1 Billion in Multifamily and Commercial Real Estate Transactions Watch Now Listen Now LIFETIME CASH FLOW THROUGH REAL ESTATE INVESTING LIFETIME CASH FLOW THROUGH REAL ESTATE INVESTING During his tenure, he was involved with the acquisition of more than $500 million of multifamily, office, industrial and retail assets throughout the U.S. on behalf of the firms pension fund clients. If fund for, look for changes coming up in that strategy, and more of a hybrid evergreen to buy-fix-sell to more of a buy-fix-hold. 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. She is an avid reader, traveler and concert-goer. Present portfolios valued over almost a half a billion dollars, or more than a half a billion. Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . Real estate's role in the Yale portfolio is to hedge against . Prior to joining the Origin team, Jacob worked at KPMG as a Real Estate EVS Senior Associate where he performed over $15.0 B in property and portfolio level valuations across all asset classes. Why is the asset underperforming? She also likes to watch Netflix and going out to eat sushi. 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. In fact, he became the first billionaire player in NBA history when his net worth crossed the billion-dollar mark in 2014. The materials created by Michelle are essential to acquiring, nurturing, and converting leads, as well as engaging and retaining existing investors. With Daves leadership, Origin has executed more than $2.6 billion in real estate transactions. His name is Michael Episcope, and Michael is the co-CEO of Origin Investments. Check BackgroundGet Contact InfoThis Is Me - Edit Court & Arrest Records View All This section can be locked, requiring permission to view. In her free time, Tijana enjoys to workout, read books, and spent time with her family and friends. Isabela still enjoys playing soccer and staying active as well as volunteering, reading and traveling. Victoria joined the firm in late 2021 and serves as an investor support specialist. Thats very different if youre buying 20 individual deals. She. They had to give it back to the bank, or they had to sell it. 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. 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