Michael Episcope: Right. That trend is . Earlier positions include opinions editor and copy chief at Crain's Chicago Business, and global director of public websites at Arthur Andersen. Rod Khleif: Okay. Some things he enjoys in his spare time are playing golf, spending time outdoors, skiing in the winter and heading to the lake in the summertime, as well as, cheering on Marquettes basketball team. That can really eat-away the returns. Billionaire number 1,567. Rod Khleif: Just let me stop you for a second. Michael Episcope: And its definitely helped kind of launch, and propel the firm. Ken joined Origin in 2018 as an Associate on the Investment Management team. He is an active member of the Real Estate Investment Association as well as the Urban Land Institute. 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? Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. We had to cut people back and limit the amount they could invest, because what were trying to do is build goodwill with a stable group of investors at that time. Prior to joining Origin Investments in 2017, Chris served in various roles with NorthMarq Capitals loan production and loan servicing offices located in Chicago and Minneapolis. 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. Thank you. Watch On YouTube. Education + Add. She also likes to watch Netflix and going out to eat sushi. Give us some examples. You dont really know how people are going to behave until their backs are against the wall. ARTOGRAPH - Episcope Prism - projecteur de table 500W grossissement jusqu' 20 fois : 530,00 294,95 Voir l'offre: 2: Artograph 225-460 Projecteur et Agrandisseur d'art Opaque - Tracer : 150,00 127,00 Voir l'offre: 3: Artograph Prism 3D Projecteur Episcope Professionnel : 464,00 413,48 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. 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%. Between my freshman and sophomore year, I got a job on the floor of the Chicago Mercantile Exchange, and decided I loved it, and that was the start of a 16-year career there. Kors reached billionaire status in 2014, but most recent estimates put him closer to a net worth of $600 million today. She joined Origin in early 2017 after spending nearly a decade at Morningstar, Inc., a leading provider of independent investment research. Can you just give some strategy to my listeners? A business plan generally takes anywhere from 18 to 36 months, and instead of generating 7%, a stabilized asset, maybe well generate 12% in two years and well get some level of appreciation. No, its critical, anytime these relationships fail, its through a lack of communication, so thats absolutely a great point. Rod Khleif: Or you could get lucky on a deal and have a homerun, and youre touting that success, and it was just luck, sometimes. Now let me ask you this, what are your thoughts on the looming contraction? Jimmy serves as an accounting associate here at Origin Investments. He is an avid outdoor hobbyist and ultramarathon runner. Prior to joining Origin Investments, Garrett worked as a Senior Associate for AlterDomus, one of the globes largest fund administrators for alternative investments. Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. 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 The most important parameter to consider for market selection They had a matrix. Frank McKinney: Real Estate Artist, 5-time International Bestselling Author, superhero meets Robin Hood, Philanthro-Capitalist, Ultramarathoner, Actor, and Visionary who sees opportunities and creates markets where none existed before. Rod Khleif: Thats the key Michael, youve added tremendous value today. Michael brings 25 years of investment and risk management experience to Origin. At Origin, she is responsible for running our office smoothly and daily administrative duties that include managing calendar appointments, completing expense reports and arranging travel plans, itineraries and agendas. Prior to joining Origin, Vince worked at Duff & Phelps where he conducted business enterprise and intellectual property valuations for use in the corporate acquisition process. Michael is the former president of the DePaul Real Estate Alumni Alliance and a sustaining sponsor of the DePaul Real Estate Center. The markets are a little bit frothier today. Tijana received a Bachelor of Arts in Data Science and Global Business from Mount Holyoke College and is a licensed sales Broker in Illinois. The more weve refined our strategy over the years, and actually narrow the focus, the more prolific and just more efficient weve become at finding deals. At Northwestern, Tommy played on the baseball team and was a member of the Leadership Council Institute. He Graduated DePaul University with a Bachelors of Science in Accountancy. The importance of risk management At Ventas Kate was responsible for business transformation and M&A integration and was a key player in the divestiture of Care Capital Partners as a standalone publicly-traded REIT in 2015. 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. Michael Episcope: In our fund, we charge a 1.5% annual management fee on committed capital that ultimately reverts to invested capital. I assume theres an asset management fee What other sorts of fees can a person expect in a vehicle like yours? Michael Episcope: Yeah. Michael Episcope unpacks opportunity zone investing misconceptions and explores the potential benefits of adding alternative assets to a portfolio. That was kinda the impetus of us starting together. Michael Episcope: Yeah. He is a runner, frequent traveler, amateur tennis player, and beach/pool enthusiast. In her free time, she enjoys spending time with her family, traveling, and trying new restaurants. Therefore, American journalist Michael S. Schmidt has an estimated net worth of $2 million. 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. Michael Episcope: I was probably 40 years old then. Its very unusual. Bill received his BFA from the School of the Museum of Fine Arts, Boston in partnership with Tufts University (SMFA at Tufts). How about some seminars, or times you got your nose bloodied, or learning experiences? Heres some of what you will learn: Again, I came from the commodities trading world where they say being a good trader was more about risk management than trying to make money. 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 . [chuckles]. Previously she studied accounting as a undergrad at Capital University of Economic and Business in China. Thank you for listening to the Lifetime Cash Flow Through Real Estate Investing Podcast. .. Originally from China, Grace came to the U.S. in 2011 to pursue a Master of Science in Accounting degree, which she received in 2013 from the University of Illinois at Chicago. Click the play button below to listen to my conversation with Michael. In his free time, he enjoys golfing, playing hockey, and making music. Anthony was born to Michael Volpe and Isabella Volpe on April 28, 2001. Suyen Fernandez is part of the Investor Relations team at Origin Investments where she is responsible for capital raising and maintaining relationships with Registered Investment Advisors and Institutional clients. Cause this is, its a little new to me. Its not borderline at all. Wedge Brands, an outdoor industry holdings company, got $1M from a group . Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. In order to finance his lifestyle, at one point Michael took a $380 million loan from Bank of. Guys, if you wanna reach out to Michael, hes at OriginInvestments.com. 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. I mean, everybody thinks this journey to success is easy. Reputation Score: 2.59 - 3.76. What are the eight markets that youre in? In her current role, Priya oversees Origins fund and corporate-level financial operations, executes year-end audits, interfaces with the tax team, tracks corporate performance, and manages reporting requirements of lenders, general partners and other stakeholders. Phil received a Bachelor of Science with a major in Finance from the Wharton School of Business at the University of Pennsylvania. His responsibilities include forecasting rent growth, automating ETL processes, and creating analytical models for the needs of our team. Parking revenue was a big one there Just fixing everything that weve identified from day one. If you try to be a generalist, frankly in any business In fact, I just preached about this in my live event, How to Think and Grow Rich Napoleon Hill said, The key to success is specialized knowledge. You have to be a specialist. Vince joined Origin in 2017 and he leads Origins fundraising and investor relations department. David earned his undergraduate degree from Harvard University and his MBA from the University of Chicago. All of our deals have to work well together and in order for us to get paid cumulatively, a fund has to generate more than a 9% return. Image: Trae Patton/NBC. He has over 17 years of experience in real estate investing, finance, development and asset management. The company was founded in 2007 by real estate fund managers Michael Episcope and David Scherer to invest their own money in office buildings and apartment developments in secondary U.S. cities. Rod Khleif: Awesome. He is an accomplished French horn player, contemporary art collector and competitive recreational cyclist. Ken began his career in commercial lending as a credit analyst for MB Financial Bank in Chicago. Based on the stats for Michael Alan Singer's Youtube channel, the total number of video views is around 0, which means Michael Alan Singer has roughly made $0.00~$0.00 US dollars on Youtube already . In bibendum elit libero, at sollicitudin purus placerat ac. He paved the parking lot. It has a ton. Grant Cardone is an award winning author, sales guru, motivational speaker and success coach. But were excited about the asset so were actually putting that under longer term financing. And thats what I was talking about. Jimmy is responsible for managing and coding employee expense reimbursements, vendor invoices, preparing corresponding ACHs and tracking monthly timesheets of team members for allocation to various Origin funds. Ryan serves as a Data Scientist here at Origin Investments. 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 Michael Episcope: Well it was a positive for us because to state that they didnt understand best practices around property management would be an understatement. The decisions you make around the investments, you select the team you select and put around you as well. Justin graduated from DePaul University in 2019 and earned his Bachelor of Science in Finance. Of course, youre absolutely fixing these units up to sell them as condos. 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. In her roles, Gina specialized in Front Office operations where she was responsible for managing guest feedback and supporting the team to deliver personalized service from arrival to departure. And we understand that that is just as important as generating returns and letting investors know how youre doing it. Prior to Origin, Regina was a Senior Treasury associate for 5+ years at Straits Financial, a Futures Commissions Merchant, based out of Chicago. In 2007, Michael Episcope co-founded Origin Investments, a top-decile fund manager that helps high-net-worth investors, family offices and clients of registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. If youve enjoyed the show, please take a minute to visit iTunes and leave your comments. She was responsible for reporting segregated funds to the CME, managing account holders funds, & overseeing accounts payable for the organization. Students Get $20 Off $100+ Worth of Orders . 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. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. If we have two or three deals that dont perform, and the fund only generates 8%, we dont get paid a performance fee. Any investment opportunities mentioned on this podcast are limited to accredited investors. Prior to joining Origin Investments, he underwrote and transacted commercial real estate investments at Equity Office Properties. But we have adopted an institutional fee structure. 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. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). Isabela was formerly a Senior Financial Analyst with Pritzker Realty Group where she was responsible for providing underwriting support and market research in relation to PRG's acquisition, disposition, financing and asset management activities. This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions. Justin joined Origin in October of 2022 as an Investor Relations Generalist. 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