You should be comparing the people behind the returns. Prior to joining Origin, Preston began his post-graduate career as an Analyst with Rialto Capital. Kors reached billionaire status in 2014, but most recent estimates put him closer to a net worth of $600 million today. Ivette serves as a Paralegal here at Origin Investments. They will discuss Origin's first closed deal in. Kyle is responsible for sourcing, structuring, and execution of new acquisitions across Nashville and Central Florida. Michael Episcope: Yes, we got together in 07, and in the beginning, in the first two years, it was all our own capital. Watch On YouTube. Rod Khleif: Okay. Its a very defined parameter, so not only do they know exactly what theyre doing everyday and where theyre hunting, but the brokerage community and the ownership community, and the management community knows what were looking for as well. 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. You shouldnt be comparing returns. She also likes to watch Netflix and going out to eat sushi. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Rod Khleif: Yeah. Prior to Origin, David served as company president for a privately financed hedge fund. Additionally, Dave was a member of the Portfolio Management group that oversaw the investment management and strategic direction for two separate account pension fund clients that had a combined asset value of more than $2 billion and comprised over 10 million square foot of multifamily, office, retail and industrial assets throughout the U.S. He also assembles . 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. 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? Phil received a Bachelor of Science with a major in Finance from the Wharton School of Business at the University of Pennsylvania. 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. Ut porttitor ligula eu elit ornare tincidunt. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Earlier positions include opinions editor and copy chief at Crain's Chicago Business, and global director of public websites at Arthur Andersen. I would caution people. He is a runner, frequent traveler, amateur tennis player, and beach/pool enthusiast. Preqin , an industry leader that tracks performance of private equity fund managers, ranked these two funds in the top quartile as of June 2016. 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. Top line. Her responsibilities include producing and publishing a broad range of content to inform and educate Origin's investor community. Preceding her most recent experience she was in the Mortgage Servicing Industry at Fay Servicing, Energy Monitoring & Consulting at Mad Dash, Inc. Rod Khleif: People from your trading background. Michael serves as Origin Investments in-house general counsel. RELATED: 15 Times Seinfeld Was Hilariously Accurate About Life I can give you a couple of examples if you want. Prior to joining Origin, Suyen spent 8 years at BlackRock as a Vice President on the Portfolio Management team covering Residential Credit. Ep #259 Chris Voss Author of Never Split The Difference Former FBI Hostage Negotiator, 242 S. Washington Blvd Suite 319 Sarasota, FL 34236 Originally from Wisconsin, he is an avid Green Bay Packers and Wisconsin Badgers fan. PublicPrivate Court, Arrest or Criminal Records Heres some of what you will learn: You dont really know how people are going to behave until their backs are against the wall. With his co-founder David Scherer, he created Origin to provide the same caliber of service, terms, and results that were exclusive to only large . Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. Michael Saylor Net worth: $2 billion Jamel Toppin for forbes The CEO of software firm MicroStrategy, he was one of the best-known executives of the Internet bubbleeven making People. It wasnt rent raise, it was just your Yeah. Theres another great. There is where she assisted in all real estate transactions including Residential, Commercial, and Real Estate Bank Owned properties. The video has had 9.6K views so far. Michael Episcope: Yeah. The HVC all those things. Providing guidance with clear understanding of where they stand everyday. Michael Episcope: Well, thank you for having me on the show. Why the particular asset classes that you focused on. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. Cause you touched on it with me offline, Id like my listeners to hear that. Rod Khleif: Right. In fact, he became the first billionaire player in NBA history when his net worth crossed the billion-dollar mark in 2014. Michael Jordan is a retired American basketball player, team owner, product endorser and entrepreneur. Yeah, Im just reading Ray Dalios book, Principles, all about decision making. He oversees the strategy and execution of property-level business plans. And we understand that that is just as important as generating returns and letting investors know how youre doing it. Twenty per. Michelle serves as a Graphic Designer here at Origin Investments. During his education at DePaul University, he served as Treasurer and President of his fraternal organization. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. Photo: @Bennett Raglin Source: Getty Images Age: 52 years . Although I will say that going into fund for, one, a thing we always do is from for each fund, were sort of iterating. He is an avid outdoor hobbyist and ultramarathon runner. Her current net worth is $8 million. Michael Episcope is Co-CEO of Origin Investments in Chicago founded in 2007. Elena serves as Origin Investments assistant general counsel. Theyre fairly sophisticated but Id like you to break down why you like a fund versus individual syndications for specific properties. Rod Khleif: Awesome. In 2020, Schmidt penned the book - "Inside the Struggle to Stop a President.". There he led operations with his 11-years of experience in leasing & marketing, value-add construction management, property management technology, and training. Reputation Score: 2.59 - 3.76. "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." . Its certainly not as easy today as it was a couple of years ago when the capital had so much more leverage. Prior to joining the Origin team in November of 2021, she worked as a Real Estate Executive Assistant/Office Manager at Realty Of Chicago. Give us an idea of what sorts of things you might do to add value to a nicer asset like that. With Michael's leadership, Origin has more than $1.3 billion in equity under management . It really, funders charge differently. Rod Khleif: Just let me stop you for a second. Michael Episcope: Theres probably a lot of investors out there who have invested passively, and done things wrong. Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. So if things do happen, youll be able to ride the ship. Since its start in 2007, the firm has executed $1 billion in real estate transactions and has more. Michael Episcope: I used to spend my summers with him, and I really. I mean, these are Rod, youre really experienced in this area as well, but these are little mini companies that you have. (No Ratings Yet) Michael Episcope: I think its not that we believe in timing the market. Anyway, I just want to explain that to my listeners that may not understand what a broken condo conversion is. The ones that didnt go so well, I learned quite a bit. Dan graduated in 2019 from North Central College in Naperville with a Bachelor of the Arts with a major in Finance. Net Worth: $6.5 Billion This college dropout and World War II Veteran was working for St. Louis Cadillac when he had his billion dollar idea. But one in particular that comes to mind is, I got pulled into a deal by a friend of mine, it was in Austin, Texas. Join Origin Principal Michael Episcope and Dr. James M. Dahle, M.D., editor, author, and owner of White Coat Investor, on May 20th at. Some assets weve sold in a year and a half, some assets we hold five or six years. There was this big gap between the large institutions, family office, those who had a lot of money, an investor looking to put in half a million, one million, five million, even $10 million, with a manager. 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. We just dont believe that so as weve seen this rent gap between urban and suburban just widen, one of our thesis is that we wanna be in suburban multifamily, so when this swings, and these Millennials start moving out there that we can position ourselves for that. Were under contract for the very last unit, so its taken a while to buy the other 18, but I will say that the condo owners were really stuck as well because you cant sell a condo in a broken structure. Michael also worked at Corporate Express as their Assistant General Counsel. 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. 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 made sure the tennis courts were great. Technically, Michael Jackson's net worth at the time of his death was negative $500 million. No. Now, there are funds out there that charge both a committed fee and acquisition fee. Priya is a licensed CPA, Certified Internal Auditor and a Chartered Accountant. Tom joined Origin Investments in early 2011 and is responsible for sourcing multifamily investments across the Western United States. . He was twice named a top 100 trader by trader monthly magazine. She was responsible for leading the graphics department with a team of 7, creating all marketing collaterals and unique packaging designs for products including sparkling wine, gin, rum, cognac, and tequila. Michael Episcope: I was just like, Oh my god, now thats just borderline fraud. Michael Jordan's net worth is estimated to be $2.2 billion in 2022, making him the richest athlete in the world. They had a matrix. Rod Khleif: Sure. I mean, for the quality of that management [overlap talk]. At AlterDomus, Garrett provided portfolio administration and cash management services for several credit fund portfolios. Operationally, weve increased revenues about 50%. It was a phenomenal time, a great experience. Ken joined Origin in 2018 as an Associate on the Investment Management team. Yeah, and it was our second asset in Naperville. Maria lives in the Bridgeport neighborhood of Chicago and enjoys travel, reading and hot yoga. An affluent community[overlap talk}. We know that. Maria serves as a marketing associate at Origin, working with and supporting all marketing channel owners. In his current role, Ken is responsible for the execution of asset-level strategies and business plans and oversight of development projects from the time of acquisition throughout the deal lifecycle to disposition. Michael Episcope: Yeah. Michael is co-founder and principal of Origin Investments, a private equity real estate firm founded in 2007. +1-941-225-8477. Episode Highlights Trends High Net Worth investors should consider as they begin to allocate more funds to alternative investments. While there, he completed the banks Leadership Development Program and was promoted to commercial banking officer, responsible for the development of new business relationships and the management of credit risk within a roughly $100 million loan portfolio consisting of both revolving industrial debt and real estate term facilities. Well its a combination of renovating units, raising rents, tapping in some of the other ancillary revenues. Guys, if you wanna reach out to Michael, hes at OriginInvestments.com. 11. In whatever I do, even in my personal life, I only invest in with fund structures because maybe I know a little bit too much about that but if I was looking at individual deals, I would have no clue about how to ascertain one from the other cause its not what I do full-time in any business. Im Rod Khleif and Im thrilled youre here. Theres nuances behind here but what it comes down to is this notion of alignment. Michael Episcope: Yeah. Michael Episcope: Potentially, yeah, if it were an individual asset thats not the strategy. And thats what I was talking about. The company acquires, owns and operates office and multifamily properties in eight U.S. markets. Got it. Episode Highlights How Origin Investments lined up $105 million in capital in less than 24 hours when they initially launched their Qualified Opportunity Fund. Michael Episcope: We have renovated 30 units. How you got to this incredible success that youre at right now? 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. In any deal, first of all, theres nothing more expensive than low cost real estate, so investors have to be careful about making determination based on fees alone. ) michael Episcope: Potentially, yeah, if you want god now. 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