Harish, since you recently asked for the status of our other Buffalo project (The Grid, see status above), this is also a good time to bring this string up to date on the current status of the project that you are invested in (Rails on Main). The attached snapshot tells the whole story, and the pictures of the near-complete project. My fingers are crossed for a fast lease up !!
Anyone here invested in the project The Grid in buffalo NY with Grocapitus?
Was there exit for this?
Was the refinancing done and capital returned in year 3?
Was the brownfield credits distributed in year 4?
I want to know as the partnership is between same two parties Neal Bawa and Blackfish as Rails on Main project that I invested in with Financial Attenement.
Since I work for Grocapitus, I just want to add that this useful string has convinced us to working on adding exit dates to our track record, and also add in the late 2023 and early 2024 exits that we have been a bit lazy about adding. So, you should be able to see the exits from late 2023 and early 2024 on our home page by next week. As you can imagine the recent exits have lower average IRRs than the ones before, but did outperform proforma.
We do have to agree with the comments on this string that our earlier exits did benefit from the 'all ships rising' effect. No doubt about that.
2021 is projected to be the best year in real estate in decades. Gain the insights smart investors need to know to prosper during this boom.
In spite of the doom and gloom you may be hearing about the economy on the news, 2021 is projected to be the best year in real estate in decades.
Gain the insights smart investors need to know to take action in this eye-popping, data-driven presentation.
We’re not just living through historic times, we’re living through surreal times. As the world rebounds from the COVID pandemic, Americans are grappling with massive migration out of the cities and into the suburbs (and nowhere near enough houses to meet the demand this created), crazy-low interest rates, an entirely new class of renters, and some of the highest predicted GDP growth in history!
📅 Tuesday, April 6, 2021 at 5:00 PM PT | 8:00 PM ET
In just over 40 minutes, Neal blazes through this must-know data on:
💥 Which industries are on the rebound and projected to CRUSH IT in 2021 and beyond (and which industries are stagnating)
💥 Why certain markets exploded despite so many Americans being out of work in 2020
💥 What the current market climate is doing for single-family houses, multifamily properties, and the people investing in them
💥 The best (and worst) cities and states for investors in 2021 (plus Neal’s top picks for undervalued metros to invest in now...trust us, these are going to SHOCK you)
💥 Which industries are seeing costs blow up (and how these industries relate to the real estate market)
💥 Just how much Bank of America and Goldman Sachs predict the GDP will grow in the next few years—do not miss this
After the presentation, Neal will be answering all your questions live. This isn’t just an opportunity to learn from a real estate pro; it’s your opportunity to see him in action.
“Real Estate Trends was extremely relevant and informative in the ever changing investing landscape, backed up by current data and new points. Neal delivered the information in a light-hearted manner and welcomed any questions and clarifications. His presentation not only helped me focus my next investing moves, but has caused me to re-evaluate my current strategies for the coming changes. Highly recommended.”
- Megan
“This was such a great webinar!!! Neal’s wealth of knowledge and know how is unsurpassed in the field. The delivery is exceptional and keeps your interest elevated and you on the edge of your seat for the entire presentation. His market analysis and knowing the best markets to invest is truly amazing.”
- Gary Campanaro
Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $345+ million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that We can only manage what we can measure. His second mantra is that Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 400+ investors.
Neal is CEO / Founder at Grocapitus, an iconic, data-driven commercial real estate investment company. Grocapitus’ 28 person team acquires and builds multifamily & commercial properties across the U.S. With more than 400 active investors and over 2,000 reviewing our projects, the Grocapitus portfolio currently spans across 9 states with 17 projects and 2,500+ units/beds. The powerful Grocapitus brand has a cult-like following of data-driven investors. The result – Completed equity raises of $103 million for Multifamily, Mixed-Use, and Industrial acquisitions in the last 18 months, over 3,000 units purchased. Grocapitus is on track to close another 1,500 units in the next 12 months.
Can’t make it April 6th? No problem at all. Just register and we’ll send a replay link right to your inbox.
We also sent to Mr. Hamrick actual, unedited reviews of investors who have invested with us. Investors are most interested in reviews of 'full-cycle' investors, so most of the reviews provided here are full cycle investors. For confidentiality reasons, last names were turned to initials, but should anyone like to talk with these investors, we can connect them with you.
Note that this is a fraction of the reviews that we have received. Please review and decide for yourself if this description matches Mr. Bramante's description of our organization's abilities.
RESPONSE FROM GROCAPITUS TEAM – An investor (Mr. Hamrick) asked us about Mr. Joseph Bramante’s comment, so we responded. Our response is provided here in it’s entirety. This is Part 1 of the response. We are also providing the investor’s response to our response, where he mentions the sloppiness of Mr. Bramante's analysis.----------
We see no point of rebutting Mr. Bramante’s analysis on a blow by blow basis. Excel is a necessary but highly inadequate tool to evaluate a property. Understanding the market, the expense ratios and the marketability of a property is critical to understanding the true picture. It is our belief that if Joe had actually walked the property and understood it’s story, his commentary would be different. As it is, he is using a one sided picture of the story to grow his Youtube audience.
The proof is in the pudding. Here is a secure video link to the actual 15 minute video walkthrough of this property’s (post purchase) investor update, recorded recently. In this update, we walk through the property’s first 2 full quarters of ownership.
As you can imagine, with 4 of those months being coronavirus months, we dealt with HUGE challenges. But despite those challenges, shown below is the rental income and NOI vs BUDGET performance of this property. The entire 15 minute video is worth watching, but here is the bottom line, in 2 graphs.
NET OPERATING INCOME: The Net Operating income of the property is higher than the budget given to investors in all 6 months. As you will hear on the webinar, the drop in income in Feb and March was because we were pushing tenants out by raising rents, so we could rehab units. With a number of those rehabbed units now complete, our income and our occupancy is now increasing (and continued to be strong in July and August), even during a pandemic that prevents people from coming out to get tours. I would say that any project that beats pre-pandemic NOI budgets six months out of six is one to be proud of. Of course, our budgeted numbers get higher month after month, but I believe that to be true of every property, including those that Joe Bramante oversees.
BOTTOM LINE – Everything in our business is nuanced. One team sees opportunity, another team sees challenges. As LP investors, you pay us to convert opportunity into reality, and that is what we are doing. We will open this property’s books to you and to your fellow investors, should you decide to proceed to validate these numbers. Keep in mind that the 15 minute video was sent to investors who have already invested, so there is really no point in sugar coating anything.
INVESTOR (HAMRICK’S) RESPONSE TO OUR RESPONSE. NOTE HIS COMMENT ON JOE BRAMANTE’S SLOPPY ANALYSIS ---------------
I was reassured by your thoughtful and timely response to my inquiry.
Needless to say, my confidence in the ability of the Grocapitus team to analyze deals professionally and provide consistent above-average returns to your investors is not shaken.
Even while watching the Youtube video by Mr. Bramante I was suspicious of his speed and sloppiness in performing what was obviously a quick and dirty analysis without forethought or more background on the project.
Mrs. Hamrick and I look forward to many more years of unique, interesting, and profitable investments with you and your fine team of real estate investment specialists.
💥 NOT ALL LOANS ARE THE SAME - Discover which financing sources are the best fit for your investment.
💥 THE FANNIE & FREDDIE FACTOR - Learn why the financing options available make multifamily the best asset class in real estate.
💥 FINANCING DRIVES RETURNS - The loan funds 75% to 80% of your investment and can make or break your deal.
WHAT YOU WILL LEARN IN THIS LIVE WEBINAR
✅ The three most common loan sources for multifamily investing and when and why to finance with these sources.
✅ The BEST financing source for new multifamily investors and how to qualify for financing with this source.
✅ Which markets qualify for the lowest pricing and highest loan proceeds.
✅ How to obtain loan terms BEFORE you submit your offer on a property.
✅ The timeline for closing your loan – from when you receive the Offering Memorandum from the listing broker to funding.
MEET YOUR PRESENTERS
⭐ John Brickson is based in Dallas, TX, and has more than seven years of experience in commercial real estate financing and investing. In his current role with Old Capital, John is actively involved in financing commercial real estate assets in Texas and across the country for both new and experienced investors. John has experience working with a variety of Commercial Real Estate Lenders, including banks, life companies, Fannie Mae, Freddie Mac, debt funds, and CMBS conduit lenders. Prior to joining Old Capital in February of 2018, John was based in Dallas and originated new commercial real estate debt investments at two different national real estate funds. John began his career in commercial real estate financing at BMO Harris Bank in Chicago, where he completed the Bank's formal credit training program. Originally from Kansas City, John earned a B.A in Economics from DePauw University.
⭐ Anna Myers serves as Vice President at Grocapitus, a commercial real estate investment company in the San Francisco Bay Area. Anna is a third-generation commercial real estate entrepreneur who applies her 25+ years of experience in technology and business to finding, analyzing, acquiring and asset managing commercial properties in key markets across the U.S. Together with her business partner Neal Bawa, they approach real estate through a data science lens to create compelling profits for 1000+ investors. As the lead underwriter for the company, Anna teaches deal analysis for MultifamilyU in quarterly Boot Camps. MultifamilyU is an apartment investing education company owned by the principal Neal Bawa. Also via MultifamilyU, Anna hosts weekly webinar events featuring top speakers in real estate. Anna is regularly interviewed on podcasts in the industry, with over 25 podcast appearances so far in 2019. Anna Myers also co-hosts two monthly Real Estate Investor Meetups in the Bay Area with over 1000 members.
Can’t attend live. No worries! Sign up and receive the replay.
Join us for our new free wheeling, entertaining discussion about the extraordinary events unfolding today.
COVID-19 has created epic economic and lifestyle disruptions. In the blink of an eye it has thrown the real estate world into disarray and transformed how real estate investors and companies finance, manage, and occupy real estate. People are working at home in massive numbers. Once bustling hotels, malls, and offices are barren. Short-term rentals and coworking spaces have been decimated.
But it’s not all doom and gloom, even though it may seem like it. The e-commerce industry is surging, fueling demand for warehouse space. Recession resistant real estate sectors such as self-storage shine during downturns but will this time be different? Navigating today’s markets is more complex than ever. The investment landscape has shifted dramatically and investors need to completely rethink how and where they invest.
MULTIFAMILY:
✅ Which multifamily deals have the most risk right now?
✅ Is it time for multifamily syndicators to be on the sidelines?
✅ How resilient will B&C class properties be after COVID?
✅ What has the pandemic taught you about making deals, even complicated transactions, work?
✅ Should you be hoarding cash right now?
✅ For multifamily investments, which metros are impacted the most by COVID-19?
✅ What changes are you making in your business due to the pandemic?
INDUSTRIAL:
✅ Where are you seeing opportunities in the industrial space?
✅ What makes a great location for the industrial marketplace?
✅ What are you seeing in trending in the industrial space; and, why?
✅ When is it better to develop new industrial, rather than buy industrial space?
✅ How has the industrial market changed over the last several months with what’s happening in the world?
✅ What type of construction are you seeing in the industrial space that makes the most sense (cost vs. efficiency)?
…and as many other questions as we can cram into 90 minutes. This is a zero-PowerPoint live discussion. Join hundreds of concerned real estate investors for a frank and brutally honest discussion on what this black swan event means for your assets, life and real estate prospects.
WHAT IF I CAN’T ATTEND THE LIVE TOWN HALL?
You don’t have to be present for the live webinar. Register and watch the replay video at your convenience.
⭐ Neal Bawa is a technologist who is universally known as the Mad Scientist of Multifamily. He is one of the most in-demand speakers in commercial real estate, a data guru, a process freak, and an outsourcing expert. His disruptive beliefs drive profits for 300+ investors at Grocapiuts, an iconic, data-driven commercial real estate investment company. The Grocapitus portfolio spans 7 states with 12 projects and 2,000+ units/beds.
⭐ Anna Myers applies her 25+ years of experience in technology and business to finding, analyzing, acquiring and asset managing commercial properties in key markets across the U.S. As the lead underwriter for the company, Anna teaches deal analysis for Multifamily University. As the asset manager for the Grocapitus portfolio, Anna brings a data-driven approach to track and insert optimizations to the properties to help drive property performance and investor returns.
⭐ Jilliene Helman is the Founder and Chief Executive Officer of RealtyMogul, a private equity firm focused on investing in commercial real estate that uses crowdfunding to raise equity capital. In this capacity, Ms. Helman has invested in over $2 billion of real estate nationwide and deployed over $550 million of equity capital.
⭐ Rich Day started his career financing real estate investments, back in 1998. Throughout his profession, Rich has focused on the capital markets and project development and spent the early part of his career at boutique investment bank, where he helped raised more than $525 Million in equity in one year. For the last decade Rich has sponsored the acquisition of more than 3,000 apartment units and two-million square feet in industrial and office space. Currently, Rich is developing nearly 1,000 apartment units in Utah and another 500,000 sq ft of industrial real estate.
[Webinar] Is Coronavirus the Tipping Point for Our Banking System? And How Will It Affect Real Estate…
If you are a real estate or stock market investor, an amateur economist or simply someone worried about what the heck is going on in our financial system, come to this entertaining, thought provoking and eye opening presentation. Packed with videos, infographics, charts, commentary from financial industry big-wigs, this presentation is not one that can be easily forgotten. You will never look at money and the banking system the same again!
✅ What Really Drives The Price Of Real Estate And Stocks?
✅ The Factors Behind Why The Entire World Is At Debt's Mercy
✅ The Impact On The Average American Investor
✅ How Two Possible Scenarios Affect Real Estate
✅ Why today’s world would be “Unthinkable” just four short years ago
✅ How the largest economic experiment in the world’s history started in 2008, and is now getting close to a tipping point. This experiment has always failed. Will it succeed this time?
✅ Why the king of bonds Bill Gross says that a $10 Trillion supernova is waiting to explode
✅ Are global currencies in a ‘race to the bottom’?
✅ Why John Mauldin calls the Japanese economy “a bug in search of a windshield”
✅ Why are we talking about cutting interest rates after Brexit?
✅ Why central bank are getting more and more desperate, but being less and less effective
✅ Could we end up with deflation or hyperinflation?
✅ What should I be buying – cash, bonds, stocks, gold or real estate?
⭐ Neal Bawa is CEO / Founder at Multifamily University and Grocapitus, a commercial real estate investment company. Neal sources, negotiates and acquires Commercial properties across the U.S., for 300+ investors. Current portfolio over 1800 units/beds, projected to be at 3,000 in 12 months. The portfolio includes Multifamily and student housing properties in 8 U.S. states. N eal speaks at Multifamily events, IRA events &meetups across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Neal is a backyard tomato farmer and a protein diet health nut. He believes in positivity and Karma, is passionate about cricket and about the enormous potential of self-driving electric vehicles to solve the global climate crisis.
See you there! 🙂 Can’t attend live? No worries. Just sign up and get the video replay via email.
Neal Bawa's Location Magic Real Estate eWorkshop: Best Neighborhoods to Invest
Discover how you can use FREE DATA AND TOOLS to uncover the best cities and neighborhoods for investing
⭐ MY EXACT SYSTEM - Watch over my shoulder as I reveal my acclaimed step-by-step system for you to easily follow along and replicate for your own investments.
⭐ FREE TOOLS AND DATA - Thousands of students have been amazed by the elegance and simplicity of my city and neighborhood picking method using free tools and data for real-time location analysis.
⭐ MAP ORIENTED ANALYSIS - Forget boring, detailed, complicated spreadsheets. Watch in amazement as I show you the path of progress as it flows like a river through a city, visually identifying the best investment locations.
✅ Follow along as I perform a simple series of high speed web demos that will allow you to become an expert on ANY city or ANY neighborhood in the U.S.
✅ I will take you on a fascinating and eye opening map-driven journey through the U.S. where you will learn how to use critical metrics like household income, poverty level, and unemployment levels to select cities and neighborhoods, in a graphical, simple to use way.
✅ Watch in amazement as I show you the path of progress as it flows like a river through a city, visually identifying the best investment locations.
✅ By the end of the workshop, you will be able to pull up any city in the U.S., and confidently pick the fast growing portions of the city, point out the path of progress, and outline the zero-growth (and negative growth) areas of the city.
✅ All demos will be performed using free tools that you can access without a subscription.
✅ Armed with this detailed knowledge you will be able to accurately identify hot and emerging real estate markets and avoid wasting your time and money in flat or declining markets!
Join me for 2 hours of the most eye opening (and potentially lucrative) real estate learning of your life. If you can’t attend live, register and we’ll send you the recording.
⭐ Neal Bawa is CEO / Founder at Multifamily University and Grocapitus, a commercial real estate investment company. Neal sources, negotiates and acquires Commercial properties across the U.S., for 300+ investors. Current portfolio over 1800 units/beds, projected to be at 3,000 in 12 months. The portfolio includes Multifamily and student housing properties in 8 U.S. states. Neal speaks at Multifamily events, IRA events &meetups across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Apartment Magic Bootcamps. Neal is a backyard tomato farmer and a protein diet health nut. He believes in positivity and Karma, is passionate about cricket and about the enormous potential of self-driving electric vehicles to solve the global climate crisis.