Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

187: Building Roots and Generating Results Through Multifamily Real Estate with Shane LaFave

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Shane LaFave. Shane has been in real estate development for more than 15 years and has worked on a little of everything, including affordable housing renovations, high-end market-rate buildings, hotels, historic buildings, commercial spaces, and solar farms. Shane serves as the executive vice president of Roers Companies, a multifamily real estate firm powered by in-house development, construction, and property management, otherwise known as vertical integration.

As Jonathan and Shane begin their conversation, you’ll hear what drew Shane to real estate in college, why it’s a relationship-based business, and his focus on working on the community’s needs as a syndicator while implementing vertical integration. He shares what can happen when syndication isn’t vertically integrated, Shane’s preference for new builds, and the downsides of new construction. You’ll hear the fund his company offers to those hesitant about syndications, why you must know your market and understand the marketing, and what Shane looks for in a geographic area before investing. Finally, they cover the best time to jump into syndication and what he loves about industrial real estate.

For those considering moving into syndications as an investment vehicle, Shane LaFave offers listeners a masterclass on how to do it effectively.

In this episode, you will hear:

Shane LaFave’s background in real estate, beginning with a degree in real estate studies
The importance of building relationships and understanding this is a people business
Working within the needs of the community as a syndicator and implementing vertical integration
The problems that can arise in a syndication that isn’t vertically integrated
New builds versus renovation projects and why new builds are Shane’s sweet spot
The downsides of new construction
The fund Shane offers to those who are hesitant to invest in a syndication
Knowing your market and understanding the marketing behind a syndication
How many units are in one of Shane’s typical projects
Choosing a geographic area for a new build and what he looks for
The best time to invest in a syndication
Shane’s love for industrial real estate

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