Building Billions: Stephen’s Journey Driving $8B in Multifamily Investments & Developments on 9x90™ (#40)
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Join host Adi Soozin as she sits down with Stephenen Benjamin, CEO and Managing Partner of Dermot, a powerhouse in the multifamily real estate space that has skyrocketed from $1 billion assets under management in 2015 to $4 billion today.
With a career spanning decades, Stephen has driven over $8 billion in multifamily investment and development projects across the U.S., demonstrating unparalleled expertise and influence in shaping the country’s rental housing market.
In this episode, Stephen shares his nearly 30-year journey from junior partner to visionary leader, guiding Dermot’s focus on “lifestyle renters” — a thriving demographic fueling the rise of upscale rental living on the East Coast.
Discover how Dermot blends deep market insight, cutting-edge data analytics, and an in-house tech system built on Python to pinpoint prime neighborhoods, evaluate supply and demand, and time investments perfectly.
Learn about their signature Ignite program, designed to cultivate vibrant community and premium amenities that keep tenants engaged and loyal.
Stephen breaks down current multifamily market dynamics, including an unprecedented surge in new supply triggered by post-COVID low interest rates — and why he expects a sharp slowdown by 2026. He reveals why Dermot’s strategy of five-year holds is delivering steady, stable returns to investors, backed by meticulous research on income demographics, local job growth, and economic signals.
Whether you’re a real estate investor, developer, or curious about the future of rental housing, this episode delivers insider expertise on the evolving multifamily market, the power of lifestyle-driven design, and how data is transforming property investment for the better.
Tune in and get inspired by Stephen Benjamin’s bold vision shaping the future of upscale rental living!
45 episodes