Cover art for podcast The Fort - An Entrepreneurship Podcast

The Fort - An Entrepreneurship Podcast

345 EpisodesProduced by Chris PowersWebsite

The Fort is an entrepreneurship podcast.Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing … read more

55:07

RE #203: Jeff Gleiberman - Managing Director at MG Properties - 33,000 Units and counting...

Jeff Gleiberman, Managing Director at MG Properties Group is responsible for investment transactions, investment strategies and partner relations. Jeff was previously Director of Investments, responsible for corporate equity and debt strategies and was an Acquisition Manager sourcing and underwriting new investment opportunities. Jeff has also served in asset management, regional management and onsite property management roles. Prior to joining MGPG, Jeff worked in apartment investment sales at CBRE, the country’s largest apartment brokerage firm, where he oversaw the sale of over $500 million in Southern California multifamily properties.

On this episode, Jeff shares the story of how MG Properties began and his love for the business at an early age. He discusses nuances of the major markets they participate in, how they raise capital, why 1031's and cost segregation are crucial to their strategy, and how they underwrite and manage their pipeline.

 

Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com

Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/

Follow Chris on Twitter: www.Twitter.com/FortWorthChris 

Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 

Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ

Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast

Watch this episode on YouTube: https://youtu.be/aT6Q3nP0rxs

(02:49) - Jeff’s Career and MG Properties

(04:09) - Did your Dad do anything early on that got you interested in RE? 

(06:49) - What is your current day to day?

(07:12) - Why are you in the markets you’re in?

(08:55) - Why is CA a low-traded market?

(10:11) - Do property tax values stay locked in?

(10:40) - How early did you know about the Conrad portfolio being up for sale?

(12:16) - Do Los Angeles and San Diego have fundamentals that are different?

(13:22) - How do you underwrite political risk?

(15:08) - What are the pros to investing in Arizona vs. California?

(18:22) - Why don’t you play in development?

(19:54) - Defining Value-Add and Core-Plus Strategies

(21:31) - How many units are you adding per year?

(22:17) - MG’s Deal Processes

(27:08) - How do you raise capital?

(30:11) - The 1031 Exchange

(32:27) - What’s the cost seg portion of your business and why is it so important to your investors?

(33:40) - What does your playbook look like in the first 90-days post-close?

(34:54) - Does rent growth affect your thesis?

(35:59) - Why do you visit each property 2 times per year?

(39:17) - Are you seeing things loosen up in labor and supply chain?

(40:36) - Thoughts on Property Management

(41:36) - Is SFR on your radar?

(43:36) - The Vegas Market

(45:22) - How do you underwrite rent growth going forward?

(46:45) - Jeff’s experience at the NMH Conference (National Multi-Housing Conference)

(48:08) - More on Financing

(49:11) - What amenities matter right now? What doesn’t matter anymore?

(51:12) - Is there anything that countries outside of America do in regards of housing that we should adopt?

Connect with Jeff:

Jeff on LinkedIn

MG Properties

The Fort is produced by Johnny Podcasts

Educational emoji reaction

Educational

Interesting emoji reaction

Interesting

Funny emoji reaction

Funny

Agree emoji reaction

Agree

Love emoji reaction

Love

Wow emoji reaction

Wow

Are you the creator of this podcast?

Verify your account

and pick the featured episodes for your show.

Listen to The Fort - An Entrepreneurship Podcast

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
https://feeds.megaphone.fm/ATHLLC2479776399

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting
Browser window

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android
Clicking mouse cursor

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics
Graph of increasing value

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media
Icon of cellphone with money

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens