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Navigating Institutional & Family Real Estate with Chris Tourtellotte - Managing Director at LaTerra Development
Manage episode 428113520 series 3560640
Jake Wurzak द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Jake Wurzak या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Chris Tourtellotte serves as a Managing Director of LaTerra. Chris is responsible for overseeing the Development group, sourcing and closing new acquisitions, sourcing debt and equity for LaTerra’s projects, and growing LaTerra’s apartment and mixed-use development platform, which currently includes over 3,000 apartment units under construction or in the pipeline.
Before joining LaTerra, Mr. Tourtellotte spent 7 years at Prudential Global Investment Management (PGIM), a global real estate private equity investment fund manager with over $50 billion of gross assets under management.
Links:
LaTerra: https://laterradev.com/
Chris on LinkedIn: https://www.linkedin.com/in/chris-tourtellotte-3257224/
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo
Topics:
(00:00:00) - Intro
(00:02:52) - Chris’ career and background
(00:10:58) - How are you dealing with institutions today?
(00:15:40) - Starting a self-storage vertical
(00:20:13) - What are institutional funds looking for from you?
(00:22:02) - How have you been able to get deals done in a reasonable timeline in a market like California?
(00:28:32) - How do you structure land deals and waterfalls?
(00:31:40) - What’s your hold period strategy?
(00:33:05) - Why is design so important to your deals?
(00:37:22) - What mistakes have you made in design or amenity?
(00:40:57) - Why did you add a construction component to your vertical?
(00:44:00) - What’s the best way to manage development and construction?
(00:51:21) - What’s surprised you most about your self-storage vertical?
(00:53:26) - What lessons from PE have you embedded into your business?
(00:58:17) - What are the biggest opportunities you’re seeing?
(01:01:46) - Family dynamics in business
(01:06:04) - What would you like to be doing more of in 5 years?
(01:07:55) - What is your favorite hotel?
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