Rob Beardsley – Lone Star Capital
Rob Beardsley – Lone Star Capital
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Ground Lease Structures Explained
In this video, we explain the concept of a ground lease. This is when one party owns the land and another owns the buildings on it. While it seems simple, it gets complicated when lenders are involved, as they need to fully understand what they are financing.
Craig and I share our experience with our Cortland Med Center deal, where we aimed to avoid costly steps in closing the deal. Instead of buying a REIT and dealing with high closing costs, we structured everything within the REIT. This allowed us to streamline the process, reduce costs, secure a lower interest rate, and achieve our desired property tax-exempt structure, all while benefiting our investors.
Rob oversees acquisitions and capital markets for Lone Star Capital and has acquired over $700M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.
Learn more at www.lscre.com
Subscribe to our newsletter and receive our underwriting model package:
lscre.com/the-definitive-guide-to-underwriting-multifamily-acquisitions
Follow Rob Beardsley:
RobBeardsleyLSC/
www.linkedin.com/in/rob-beardsley/
Read Rob’s articles:
lscre.com/articles
With over $700 million in acquisitions and 30%+ returns since 2018, Lone Star Capital is a fast-growing real estate investment firm owning and operating over 5,000 multifamily units in Texas. We deliver superior risk-adjusted returns through diligent sourcing and selection, vertically integrated property management, and rigorous reporting.
มุมมอง: 42

วีดีโอ

The Lone Star Capital Podcast E67: Cash-on-Cash Returns and Refinancing
มุมมอง 1534 ชั่วโมงที่ผ่านมา
In this episode of the Lone Star Capital podcast, Craig McGrouther and I discuss personal updates, upcoming events, and significant improvements within our company. We delve into operational changes, financial insights regarding cash-on-cash returns, and the current market conditions affecting investment strategies. The conversation highlights the importance of strategic planning and adapting t...
Protecting Lenders in Low Rate Environments
มุมมอง 2712 ชั่วโมงที่ผ่านมา
In this video, we break down yield maintenance, a type of prepayment penalty that ensures the lender recovers the remaining interest on a loan if you pay it off early. If interest rates stay the same or drop after you take out a loan, you're still on the hook for the interest, making early repayment costly. However, if rates rise, the penalty may be lower since the lender can re-lend at a highe...
Fund Friday E49: The Cost-Effective Way to Launch a Fund with Travis Smith and Seth Bradley
มุมมอง 9512 ชั่วโมงที่ผ่านมา
In this episode of Fund Friday, Craig McGrouther hosts, Travis Smith and Seth Bradley from TribeVest discussing the evolution of fund management, particularly the shift from the co-GP model to the fund of funds approach. They explore the challenges faced by capital raisers and accredited investors in accessing quality deals, the compliance benefits of the fund of funds model, and how TribeVest ...
Why You Can't Ignore Prepayment Penalties in Underwriting Analysis
มุมมอง 2414 ชั่วโมงที่ผ่านมา
In this video, we explore prepayment penalties, particularly yield maintenance, which is often overlooked in long-term debt underwriting. Unlike simple exit fees on bridge loans, yield maintenance is calculated based on the difference between your locked interest rate and prevailing rates at the time of prepayment. With rates potentially dropping further, locking in higher rates now could resul...
Why Treasury Yields Are Dropping
มุมมอง 5919 ชั่วโมงที่ผ่านมา
In this video, we dive into the current dynamics between the Fed and the market, focusing on interest rates and the inverted yield curve. While the Fed has kept short-term rates high, the market is pushing for lower rates due to lower growth and inflation expectations. This clash has led to an inverted yield curve, where long-term treasury rates, driven by market forces, are lower than short-te...
The Lone Star Capital Podcast E66: The Art of Pitching Real Estate Deals
มุมมอง 22121 ชั่วโมงที่ผ่านมา
In this episode of the Lone Star Capital podcast, Craig McGrouther and I discuss various aspects of commercial real estate investing, focusing on the importance of understanding investor sophistication, the differences between institutional and retail investors, and the significance of storytelling in securing investments. We also delve into the current trends in property vintage, the impact of...
Fund Friday E48: The Challenges of Value Add Deals and Foreclosures in 2024 with Brad Oliver
มุมมอง 132วันที่ผ่านมา
Fund Friday E48: The Challenges of Value Add Deals and Foreclosures in 2024 with Brad Oliver
Fed Funds vs Treasury Yields
มุมมอง 71วันที่ผ่านมา
Fed Funds vs Treasury Yields
LSC Summit Presentation Debt Fireside Chat
มุมมอง 127วันที่ผ่านมา
LSC Summit Presentation Debt Fireside Chat
LSC Summit Equity Panel
มุมมอง 212วันที่ผ่านมา
LSC Summit Equity Panel
LSC Summit 2024 Shark Tank Presentation #1
มุมมอง 108วันที่ผ่านมา
LSC Summit 2024 Shark Tank Presentation #1
LSC Summit 2024 Shark Tank Presentation #2
มุมมอง 100วันที่ผ่านมา
LSC Summit 2024 Shark Tank Presentation #2
LSC Summit 2024 Shark Tank Presentation #3
มุมมอง 100วันที่ผ่านมา
LSC Summit 2024 Shark Tank Presentation #3
The Unpredictable Reality of Rent Growth
มุมมอง 44วันที่ผ่านมา
The Unpredictable Reality of Rent Growth
Choosing Between Fixed and Floating Rates
มุมมอง 3814 วันที่ผ่านมา
Choosing Between Fixed and Floating Rates
The Lone Star Capital Podcast E65: Understanding Yield Maintenance & Prepayment Risks in Real Estate
มุมมอง 23914 วันที่ผ่านมา
The Lone Star Capital Podcast E65: Understanding Yield Maintenance & Prepayment Risks in Real Estate
Fund Friday E47: Balancing Risk and Return in Today’s Market with David Priest
มุมมอง 13014 วันที่ผ่านมา
Fund Friday E47: Balancing Risk and Return in Today’s Market with David Priest
The Complexity of Acquiring REIT Owned Properties
มุมมอง 5714 วันที่ผ่านมา
The Complexity of Acquiring REIT Owned Properties
The Evolution of Our Property Management
มุมมอง 6614 วันที่ผ่านมา
The Evolution of Our Property Management
Why Pessimism Presents Opportunity
มุมมอง 3821 วันที่ผ่านมา
Why Pessimism Presents Opportunity
The Lone Star Capital Podcast E64: Winning Real Estate Deals in a Volatile Market
มุมมอง 27121 วันที่ผ่านมา
The Lone Star Capital Podcast E64: Winning Real Estate Deals in a Volatile Market
The Impact of Disintermediation in Private Equity and Investment Strategies
มุมมอง 5021 วันที่ผ่านมา
The Impact of Disintermediation in Private Equity and Investment Strategies
Fund Friday E46: Transitioning from Wealth Management to Real Estate Investing with Austin Palacios
มุมมอง 7121 วันที่ผ่านมา
Fund Friday E46: Transitioning from Wealth Management to Real Estate Investing with Austin Palacios
How We're Revolutionizing Investor Reports and Distributions
มุมมอง 9221 วันที่ผ่านมา
How We're Revolutionizing Investor Reports and Distributions
Understanding Manager Risk in Investing
มุมมอง 4328 วันที่ผ่านมา
Understanding Manager Risk in Investing
The Lone Star Capital Podcast E63: Managing Rising Multifamily Insurance Costs with Rogers Gray
มุมมอง 198หลายเดือนก่อน
The Lone Star Capital Podcast E63: Managing Rising Multifamily Insurance Costs with Rogers Gray
Fund Friday E45: The Role of Persistence and Skill Development in Real Estate with Tyler Lyons
มุมมอง 107หลายเดือนก่อน
Fund Friday E45: The Role of Persistence and Skill Development in Real Estate with Tyler Lyons
Weighing Upfront CapEx vs Cash Flow Impact
มุมมอง 87หลายเดือนก่อน
Weighing Upfront CapEx vs Cash Flow Impact
Fund Friday E44: Empowering Capital Raisers and Operators with Sam Silverman
มุมมอง 123หลายเดือนก่อน
Fund Friday E44: Empowering Capital Raisers and Operators with Sam Silverman

ความคิดเห็น

  • @JakeAlbergotti
    @JakeAlbergotti 23 ชั่วโมงที่ผ่านมา

    Another great episode 🔥

  • @sethpaulbradley
    @sethpaulbradley วันที่ผ่านมา

    What a show! Thanks to Craig, Rob and the Lone Star team for your continued leadership, cheers!

  • @travissmith800
    @travissmith800 2 วันที่ผ่านมา

    Thank you @Craig and @Rob. We appreciate your leadership in the market and your partnership.

  • @derekvickers885
    @derekvickers885 3 วันที่ผ่านมา

    Project would go slower as well, we raise all the capex upfront for the same reasons

  • @JakeAlbergotti
    @JakeAlbergotti 8 วันที่ผ่านมา

    Great episode, you guys are awesome.

  • @scottkidd1969
    @scottkidd1969 9 วันที่ผ่านมา

    Life is what you give not what you get. Give more, live more.

  • @ashleyzh7173
    @ashleyzh7173 9 วันที่ผ่านมา

    hi Rob, my team has been using your underwriting model for our acquisition. recently, we moved to the fund model. Will the underwrite under the fund model be the same as the current model? thank you!

    • @RobBeardsley-LoneStarCapital
      @RobBeardsley-LoneStarCapital 8 วันที่ผ่านมา

      @@ashleyzh7173 yes it will work. The underwriting model also has a fund of funds module. You can watch our fund of funds webinar if that is applicable to you

  • @tantumrealestate
    @tantumrealestate 11 วันที่ผ่านมา

    It’s also a great way to offer more security for the investors. Having two groups vet the deal and do their due diligence equals better decision making.

  • @scottkidd1969
    @scottkidd1969 11 วันที่ผ่านมา

    Focusing on the residents is key here. Focusing what needs to be done so they have a great experience.

  • @JG-re2bb
    @JG-re2bb 12 วันที่ผ่านมา

    Dude looks like he lives in a mobile home park

  • @davidrpriest
    @davidrpriest 15 วันที่ผ่านมา

    Craig, the hole in one counts!! The only place I can make a hole in one is a putt putt course!

  • @bemanuel16
    @bemanuel16 15 วันที่ผ่านมา

    Great explanation!

  • @davidc4408
    @davidc4408 16 วันที่ผ่านมา

    Dude chill out...go party. Travel the world. Actig like an old man

  • @rsr_s239
    @rsr_s239 16 วันที่ผ่านมา

    Craig's eye contact is inspiring :)

  • @scottkidd1969
    @scottkidd1969 17 วันที่ผ่านมา

    Yes the asset manager must be very active. In an environment where margins can be tight in labor, materials and project management, you have to always be thinking about adding revenue and cutting costing. However you must not lower the quality for the residents and investors. This is always the focus.

  • @davidrpriest
    @davidrpriest 18 วันที่ผ่านมา

    I enjoyed being a guest on this podcast so much! I am very excited about all of the opportunities in multifamily for sponsors and passive investors.

  • @kukuna2012
    @kukuna2012 19 วันที่ผ่านมา

    Rob, my team has been using your underwriting model. Recently, we are setting up a fund to acquire multifamily properties. Will the underwriting model be the same for fund model? Thank you!

  • @scottkidd1969
    @scottkidd1969 20 วันที่ผ่านมา

    Operations is key and success is always long term.

  • @screwheadhtx713
    @screwheadhtx713 26 วันที่ผ่านมา

    Love hearing you talk about your goals. One of my main goals is becoming accredited to be able to invest with you guys

  • @davidrpriest
    @davidrpriest 27 วันที่ผ่านมา

    It's amazing that your team is addressing this challenge. Communication is the biggest complaints investors have. Even if the investment returns are great, poor communication can cause investor stress.

  • @cameronferris2614
    @cameronferris2614 27 วันที่ผ่านมา

    No one scrolling through youtube shorts is gonna use this info. Go away. Stop being a leach on society, hoarding money and keeping poor people poor.

  • @joeylucero3755
    @joeylucero3755 28 วันที่ผ่านมา

    😂

  • @keatonenglish
    @keatonenglish 29 วันที่ผ่านมา

    Audio cut out at 5:15

  • @NicholasFoutz-gu9sh
    @NicholasFoutz-gu9sh หลายเดือนก่อน

    “instead of caping rents” the government should look over here so I can raise rent on my $600m portfolio this is why rob will forever be the goat 🐐

  • @NicholasFoutz-gu9sh
    @NicholasFoutz-gu9sh หลายเดือนก่อน

    Is this from a longer video?? If so what video

  • @Andyhemmings68
    @Andyhemmings68 หลายเดือนก่อน

    Id say raise enough to cover the first 3 or 4 yrs worth of replacements and replace those most in need off the bat. start putting aside a little of the cash flow during that time to take care of the remaining units a little at a time moving forward beginning year 4 or 5. In other words, prevent the drag on returns by limiting the additional capital raise, and limit the reduction to cash flow by spreading it over a few years.

  • @tantumrealestate
    @tantumrealestate หลายเดือนก่อน

    👏🏼

  • @naimislam26704
    @naimislam26704 หลายเดือนก่อน

    Hello! Interested in having a top-notch thumbnail for your TH-cam videos? Contact me!

  • @SaeedKemper
    @SaeedKemper หลายเดือนก่อน

    Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

  • @sujeshshankarmandal9285
    @sujeshshankarmandal9285 หลายเดือนก่อน

    Very articulate and brilliantly explained to the point. Thanks!

  • @BC-yo7wh
    @BC-yo7wh หลายเดือนก่อน

    👏👏

  • @davidrpriest
    @davidrpriest หลายเดือนก่อน

    My experience as both an active and passive investor is that occupancy immediately drops after takeover due to get out bad tenants, collecting on bad debt and other issues. This happens every time. Occupancy helps get a loan approved but as you mentioned it is an overrated metric.

  • @themultifamilyrealestateex7582
    @themultifamilyrealestateex7582 หลายเดือนก่อน

    Lonestar Capital is the epitome of a best in class operator that H Squared Capital is committed to do more deals with.

  • @kashjawed
    @kashjawed หลายเดือนก่อน

    To add to Craig’s POV, could you not lock from floating into a fixed rate loan later (with minimal penalty) if economics change?

  • @kaijean-simon1125
    @kaijean-simon1125 หลายเดือนก่อน

    Wise beyond your years Rob

  • @jefflowrythor
    @jefflowrythor หลายเดือนก่อน

    What is an LP

  • @Midnightxi
    @Midnightxi หลายเดือนก่อน

    Blackrock owns 44% of the housing market. By 2030 will be 67%

  • @SamiraWelchREI
    @SamiraWelchREI หลายเดือนก่อน

    Multifamily is the best investment in real estate

  • @lorenzoslopez20
    @lorenzoslopez20 หลายเดือนก่อน

    What would be the best advice you guys would give to a 20 year old looking to get into the business and buy their first property?

  • @Nataliexgiselle
    @Nataliexgiselle 2 หลายเดือนก่อน

    The micro and macro economics information you guys talk about is insightful