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. Michael is joining us from Chicago, Illinois. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. Michael Episcope: Potentially, yeah, if it were an individual asset thats not the strategy. Bill is responsible for the performance of Origins multifamily projects and leads due diligence and pre-construction efforts. 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. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). She joined Origin in early 2017 after spending nearly a decade at Morningstar, Inc., a leading provider of independent investment research. Michelle works directly with marketing and business development team members to produce a wide range of digital and print designs. 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. Rod Khleif: What other fees? But what well do is well forego cash flow in the first two years. In her free time, she enjoys cooking, traveling, and playing tennis. Why the particular asset classes that you focused on. She was responsible for planning, creating and distributing content, including email marketing, writing articles for the EveryDose blog, and managing the company's social media presence. 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? You dont hold properties for legacy or long-term cash flow. No. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. A year later, we started our first fund, if you will, and all of those investors came onto that fund [overlap talk]. It was in the late 90s, early 2000s that I began passive investing. He was raised in well-settled family background. She lives in the Lincoln Square neighborhood of Chicago and enjoys travel, container gardening and all kinds of art. He received a Bachelor of Business Administration with majors in Real Estate & Urban Land Economics and Finance, Investment & Banking from the University of Wisconsin Madison. Edelisa Episcope. Well, I heard somebody else bring this up. 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. 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. 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. Michael Episcope: Well, thank you for having me on the show. Preston is responsible for underwriting prospective commercial real estate investments across all of our target markets. I would caution people. Before joining Origin, he was the Digital Marketing Manager at Evolve Healthcare Marketing, which partnered with the nations leading private equity-backed healthcare businesses. Before joining Origin in the Fall of 2018, Bill worked as an independent graphic designer. Episode Highlights 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. "I can accept failure, everyone fails at something. Ken received a Bachelor of Science in Finance and International Business from Indiana University (Bloomington) and a Master of Business Administration with a concentration in Real Estate Finance and Investments from DePaul University. Brilliant strategy. Douglas Bibby, President of the National Multifamily Housing Council tells us the multi-family industry needs 300,000-400,000 units delivered to the US market each year to meet demand. 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. I believe that value add is a way to protect yourself from future downturns. Kate's true passion (outside of work) is investing and advising early-stage startups. Prior to Origin, Daniel worked as an auditor at Grant Thornton, working on clients in the auto and medical manufacturing field space. Regina received her Bachelors in Accounting from the University of Illinois at Chicago. Other names that Edsel uses includes Edsel M Episcope, Edsel Michael Episcope and Edsel A Episcope. degree with honors in Electrical Engineering from Izhevsk Technical State University in Russia, and received her MBA from The University of Chicago Booth School of Business. Billionaire number 1,567. episcope: [noun] a projector for images of opaque objects (such as photographs). He was involved in the underwriting, assessment, management and liquidation of commercial real estate and recommendation of resolution strategies for non-performing loans. We do [overlap talk]. Michael Episcope: Yeah. Ken joined Origin in 2018 as an Associate on the Investment Management team. 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. Dell shares surged to a record high on Thursday, valuing its founder's net worth at $50.7 billion, according to . 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? The ones that didnt go so well, I learned quite a bit. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. What were trying to do is really take, what we call, core plus risk and deliver value add returns. Maria graduated from Loyola University Chicago in 2021, receiving her bachelor of science in psychology and a minor in sociology. Origin is not only when youre sitting there and youre a principal, and you have so much of your money invested. Sure. Then in April 2016, she joined the Origin family. Justin graduated from DePaul University in 2019 and earned his Bachelor of Science in Finance. Steve is an Investor Relations Associate whose responsibilities include expanding the firms investor base and serving the needs of our high-net worth individual investors. He is a member of the Urban Land Institute. They had to give it back to the bank, or they had to sell it. Gina graduated from DePaul University with a Bachelor of Science in Business with a major in Hospitality Leadership. They had a matrix. On-going then its 1.5% on the fund on an annual basis. Now let me ask you this, what are your thoughts on the looming contraction? So thats been great. She helps her husband . Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. Photo: @Bennett Raglin Source: Getty Images Age: 52 years Its really Its everything we look for but its a good quality asset. At Stony Point, Kevin grew to lead the day-to-day management of the firm and was responsible for the entire life cycle of the firms investments & developments. Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. It really, funders charge differently. Any investment opportunities mentioned on this podcast are limited to accredited investors. Very interesting. If we make $100,000 commitment to fund, we dont take it all upfront because we dont have a portfolio of assets. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. Prior to joining the Origin team, Phil began his career as a development associate for General Growth Properties. Rod Khleif: Exactly. 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. +1-941-225-8477. There is where she assisted in all real estate transactions including Residential, Commercial, and Real Estate Bank Owned properties. Priya is the controller of Origin Investments and joined the team in June 2009. Jimmy serves as an accounting associate here at Origin Investments. How you got to this incredible success that youre at right now? The company acquires, owns and operates office and multifamily properties in eight U.S. markets. In her free time, she enjoys cycling, playing sports and any other outdoor activity. Rod Khleif: Its a fantastic book about an effective decision making process. Im very grateful for your valuable time on the show. Some went fine and some that didnt go so well. Scott explains that with commercial real estate, the value is based upon the net operating income . Michael Blaustein's net worth or income range is between $1 million and $5 million. "We believe that investors deserve the most talented and disciplined team to actively manage their real estate investing portfolio. When you first started reaching out to investors and did either your first fund or your first syndication I dont know if you went straight to fund or you did a syndication or two. . Im not If everything wouldnt have gone well and I wouldnt have lost money because of the crisis thats under, you know Okay, the big [bad audio]. Youve done several funds. At Evolve, he led the strategy, execution, and analysis of multi-channel, lead-generating campaigns for more than 30 clients across specialties. Michael is co-founder and principal of Origin Investments, a private equity real estate firm founded in 2007. We know that. Gwen Stefani. So if things do happen, youll be able to ride the ship. This field is for validation purposes and should be left unchanged. I could barely get my head through a door cause I thought I was a real estate god and you know. Prior to joining Origin Investments, Kevin worked at Stony Point Development Group, a developer and investor focused on direct developments, limited partner investments and core acquisitions in Virginia and the Carolinas. Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. I always look at the decision that was madewhy did you get into the deal? Ill tell you though, I wouldnt trade it for anything, even though I made a ton of mistakes, and I learned a ton, but it has really helped shape me as an investor and what I am today, and why I do what I do. Ryan serves as a Data Scientist here at Origin Investments. Michael Episcope: We have renovated 30 units. 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. Maybe youre putting in washers and dryers. Rod Khleif: Sure. Chicago suburb. Thats anywhere between 1.5% and 3% on one time. She is a life-long resident of Chicago and lives with her husband, daughter, and dog in Forest Glen. Spencer is responsible for underwriting prospective commercial real estate investments across all of our target markets. Id be happy to. Michael brings 25 years of investment and risk management experience to Origin. Students Get $20 Off $100+ Worth of Orders . The importance of risk management Michael Episcope: Theres probably a lot of investors out there who have invested passively, and done things wrong. Kyle is responsible for sourcing, structuring, and execution of new acquisitions across Nashville and Central Florida. Image: Trae Patton/NBC. Kate earned her B.S. That trend is . He is a lifelong resident of Chicago and lives with his dog in Chicagos Pilsen neighborhood. Thats not what happened here; what happened here was that he was an individual syndicator without a lot of money of his own. Appreciate you having me on today. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rod Khleif: Sure. It was the right thing to do at the time. Retooled from that sense and that was a great experience. Michael Episcope: Its a capital commitment fee. Top line. Michael Episcope: It came to fruition in 08. While at Ventas she led the transformation and scaling of FP&A, corporate risk, legal, accounting, treasury, and property management functions. .. In many ways, we found a deal that really spoke for itself, and we gave it a way, and it was a great market [overlap talk]. Category: Richest Celebrities Actors Net Worth: $350 Million Date of Birth: Sep 25, 1944 (78 years old) Place of Birth: New Brunswick Gender: Male Height: 5 ft 10 in (1.78 m) Tijana also has experience as a residential sales broker where she was able to help several first-time homebuyers and investors. And even more importantly to that, the debt has to match the business plan of the asset and making sure If were buying an office building, theres a risk that one of the larger tenants may vacate over the next two years, then our debt today has to be matched to the potential exit of that tenant. If you can build value and continue to build cash flow in the asset, we leverage two to one to equity. Michael received a Bachelor of Arts degree from Depaul University. He is a member of the Atlanta Apartment Association, a Certified Apartment Portfolio Supervisor, and Certified Apartment Manager. Dan joined the team at Origin in 2022 as an Investor Relations Support Specialist. In our case, our earlier Funds I and II had projected returns of 17-19 percent, however Fund I is on track to generate a 28 percent net return and Fund II is on track to deliver a 26 percent return. Number 7: Kenneth Tuchman. 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 . It peaked at #3 on The New York Times Best Seller list. He did everything that youre talking about. Which actually add some complexity because youve got a homeowner; youve got an association associated with those units so its kinda a complex thing to get into. Thats a brilliant strategy, Michael. Prior to Centro, Geoff spent over a decade in marketing for higher education institutions, non-profits, and startups. Why is the asset underperforming? What did you do to get out there and meet people, and get them excited about what you were doing? He has more than 30 years of experience in real estate investing, finance and asset management. Justin currently resides in the Wicker Park neighborhood of Chicago and in his free time enjoys volleyball, strategy games, and cooking/eating with friends and family. In that role, Dan facilitated the internal and external movements of custodial accounts to other IRA custodians. Prior to Origin Investments, he completed the Risk Management Leadership Program at GE Capital. He oversees the strategy and execution of property-level business plans. She enjoys creating bold, minimal styles by focusing her layout skills using typography and grids. Rod Khleif: Yeah. She also likes to watch Netflix and going out to eat sushi. Seasons: 7, 9, 12, 17, 19, 22. Spencer received a Bachelor of Science in Business majoring in Finance and Real Estate from Indiana University. Get contact info, address & run background checks for Michael Sims. Ken began his career in commercial lending as a credit analyst for MB Financial Bank in Chicago. Marc has 27 years of experience in asset management, acquisition, disposition, underwriting and valuation, leasing, debt structuring, risk management and due diligence for both public and private real estate investments. Anthony was born to Michael Volpe and Isabella Volpe on April 28, 2001. Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . If I were outside of this business, I would invest in a fund. Join Origin Principal Michael Episcope and Dr. James M. Dahle, M.D., editor, author, and owner of White Coat Investor, on May 20th at. He currently resides in the Knox Henderson neighborhood of Dallas and is originally from Ohio. Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. Jennifer went to Bradley University in Peoria, IL. Rod Khleif: Those that dont know what hes talking about here, back when things were going fast and loose in 05, 06, 07, a lot of apartment owners were condo-mizing those apartment complexes and selling them off one at a time. 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. Give us an idea of what sorts of things you might do to add value to a nicer asset like that. Got it. 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 They will discuss Origin's first closed deal in. Prior to joining Origin Investments, Michael was the Vice President and Senior Associate General Counsel at General Growth Properties, a $3 billion publicly-traded REIT. 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