What does this mean for the high net worth individual (HNWI) trying to create wealth? With Daves leadership, Origin has executed more than $2.6 billion in real estate transactions. They will be clamoring to give you money, and to tell all their friends to give you money. Rod Khleif: Let me ask you this, maybe its just because of the way the fund is structured but if its a quality asset like that, and youve raised the value obviously significantly, you could probably refinance and cash out Well, I get it. 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 . Prior to joining Origin, Preston began his post-graduate career as an Analyst with Rialto Capital. .. Gwen Stefani. Michael Episcope: No, we dont. 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. Chris lives in the 12South neighborhood of Nashville and is involved with citys Young Leaders Council. Kevin was a member of the development & acquisitions teams focused on large multifamily driven mixed-use developments in the Washington, DC area. I believe that value add is a way to protect yourself from future downturns. There he coordinated, deployed, and measured lead-generating campaigns and promotions that led to YoY growth in core markets. Michael Episcope: Well, thank you for having me on the show. Its interesting. But we have adopted an institutional fee structure. They had never been touched since the early 80s. Id be happy to. Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your Safest And Most Profitable Real Estate Opportunities. He earned an MBA with a concentration in Real Estate Finance & Investment from DePaul University and Bachelor of Science with a degree in Finance from The University of Central Florida. Youve done several funds. That can also be a big negative. Prior to joining Origin, Suyen spent 8 years at BlackRock as a Vice President on the Portfolio Management team covering Residential Credit. I could barely get my head through a door cause I thought I was a real estate god and you know. Prior to Evolve, he was the Marketing Specialist at Cappex.com, which connects high school students to colleges and universities. For more resources or to connect with us further, please visit our website at rodkhleif.com. 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. On March 21, 2017, Michael launched his YouTube channel with the video "It's SO HARD being a WHITE person.". Michael is principal of Origin Investments, in which he co-chairs the Investment Committee and oversees investor relations, marketing, and company operations.He brings 25 years of investment and . You have to over communicate to give your investors comfort. He received his Bachelor degree in Finance from The University of Connecticut. What were the decisions? I went to school in Chicago. Check out this great listen on Audible.com. Im very grateful for your valuable time on the show. Net worth: $150 million. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. Some assets weve sold in a year and a half, some assets we hold five or six years. I dont remember why I did this or what happened, but I started doing some internet research. You dont really know how people are going to behave until their backs are against the wall. At the age of 19 years old I got a summer job down at the Chicago Mercantile Exchange and that was between my freshman and sophomore year of college at DePaul. Michael Episcope: I think its not that we believe in timing the market. Top line. As Managing Director of Investment Management at Origin, Marc is accountable for the performance of Fund investments and execution of property-level business plans. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. Its just about, theres good decisions and theres bad decisions, and then theres good outcomes and bad outcomes. Thank you. Within her 5+ years of real estate paralegal experience, she assisted in maintaining communication with all parties involved within the transaction, contract negotiations, draft closing documents, clear title, prepare leases, complete any municipality and obtain necessary permits. She lives in the Gold Coast neighborhood of Chicago and in her spare time enjoys cooking, Pilates, and teaching youth dance classes. It has a ton. Of course, youre absolutely fixing these units up to sell them as condos. As you know, Rod, population centers, job growth, population growth, thats where you wanna position yourself. Geoff holds a Bachelors degree with a double major in Sociology and English from College of the Holy Cross and a Masters degree in Strategic Marketing and Communications from DePaul University. It was a phenomenal time, a great experience. Thats anywhere between 1.5% and 3% on one time. Watch On YouTube. Vince joined Origin in 2017 and he leads Origins fundraising and investor relations department. Michael Episcope: We have renovated 30 units. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Prior to joining Origin Investments, Garrett worked as a Senior Associate for AlterDomus, one of the globes largest fund administrators for alternative investments. As of 2020, Wendy Osefo's net worth is $1.5 million. He enjoys spending time with family, trying to keep up with the ever-changing restaurant scene, travel, golf, fly fishing, an occasional bird hunt and Iowa Hawkeyes athletics. What is the proper debt to equity structure? Prior to joining the Origin team in December 2022, she worked as a content marketing coordinator at EveryDose, a niche startup centered on medication adherence. And again, we feel that that is an institutional pricing standard in the business. In 2018 he graduated from Marquette University with a degree in Commercial Real Estate. He currently resides in the Lincoln Park neighborhood of Chicago and in his spare time enjoys golfing, skiing, and spending time at the lake in the summer. Phil is responsible for sourcing, structuring, and the execution of new acquisitions across the state of Texas, as well as overseeing the strategy and implementation of Origin's proprietary markets selection database. Prior to Origin, David served as company president for a privately financed hedge fund. 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. Two years later, she took a role as a Property Accountant at SLM Realty, LLC., where she was first exposed to the real estate industry. Founded in 2007 by David Scherer and Michael Episcope, Origin is a leading manager. We found Michael Sims from North Hills California. Justin joined Origin in October of 2022 as an Investor Relations Generalist. Rod Khleif: Just let me stop you for a second. Now, there are funds out there that charge both a committed fee and acquisition fee. Thats a great strategy. He is a member of the Urban Land Institute. If you got a homerun deal And so you actually limited their investments so you could have more people in it, have more people that experience s fantastic return on that particular deal, because Ill tell you guys, once you make someone some money, youve got them. Investors who are locked into real estate assets are spared from the temptation of panic selling that ruins so many stock portfolios. As one of Americas top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world. Well, I heard somebody else bring this up. We know that. Dell shares surged to a record high on Thursday, valuing its founder's net worth at $50.7 billion, according to . Articles by Michael Episcope on Muck Rack. 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. Michael Episcope: And its definitely helped kind of launch, and propel the firm. Michael Episcope: I think what I fell for was the deal itself. 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. Its for our acquisition team who are in their markets. He put on a new roof. 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. When it all crashed and burned, there were a lot of broken ones where some of the units have been sold. Rod Khleif: Sure And their friends, and their relatives. Their drama-fueled relationship eventually ended up in divorce, but the Brazilian reality star's professional life took off. North Hills, CA. Youre doing things that Youre certainly separating all the utilities, which can be a real asset to your bottom line if everythings separately metered. Prior to Origin, Regina was a Senior Treasury associate for 5+ years at Straits Financial, a Futures Commissions Merchant, based out of Chicago. Michael Episcope: Well, in our vehicle, what we do is we have a one time upfront fee that basically covers our technology, our funds syndication costs, our marketing, everything. Education + Add. He's a great guy based in Chicago who started this company in 2007 after quite a successful year as a trader. He received his Bachelor degree in Chemistry from Hope College and his JD from Valparaiso University School of Law. Bill has 20 years of experience in all facets of multifamily development and construction totaling over four thousand units and $1.5 billion in project costs. Michael is admitted to the Illinois Bar and the Northern District of Illinois. Michael Episcope Principal at Origin Investments Published Aug 17, 2017 + Follow This article was . Jacob is responsible for underwriting prospective commercial real estate investments across all property types and target markets. Its not borderline at all. 5 Michael Richards (Cosmo Kramer) - $45 Million Though he delighted audiences everywhere as Kramer in Seinfeld, Michael Richards has had a few hiccups in his career along the way that have affected him for years after they occurred. 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