In this episode, David Moghavem speaks with Adrian Berger from Cypress Equity Investments about the current state of the real estate market, the challenges and surprises in lending, and the importance of networking. They discuss the shift in off-market deals, the company's development strategy, and the potential opportunities in self-storage and affordable housing. Adrian shares insights on navigating insurance and operating expenses in LA, as well as the significance of building relationships in the industry.

Chapters

00:00 Intro
01:35 Navigating the Current Market Landscape
04:37 Surprises in Lending and Valuation
07:38 The Shift in Deal Dynamics
10:33 Cypress Equity's Evolution and Strategy
13:26 Co-GP Partnerships and Diversification
16:36 Future Directions and Market Opportunities
21:07 Exploring Market Opportunities and Challenges
24:32 Impact of Local Regulations on Development
27:39 The Role of Long-Term Relationships in Development
30:30 Adjusting Underwriting for Current Market Conditions
32:30 Comparing LA with Other Markets
33:40 Covered Land Plays and Their Benefits
34:39 Investor Sentiment and Market Confidence
35:33 The Future of the Entertainment Industry in LA
37:54 The Ebb and Flow of LA's Market
40:40 Investment Strategies in a Changing Landscape
41:52 Navigating Affordable Housing Challenges
45:14 The Complexity of Building in LA
48:03 Insurance Challenges in Real Estate
49:45 The Importance of Networking in Real Estate

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