Rob Beardsley has acquired $40,000,000 of value-add multifamily real estate as founder and principal of Lone Star Capital Group, a NYC based private equity firm. He has underwritten more than 750 deals and has published over 40 articles about underwriting, capital structure, acquisition strategies, and capital markets.
In this Episode, You’ll Learn About:
1. The Lone Star Capital Group 2. The Primary Market 3. Tier One secondary market 4. Underwrite major vs tertiary market 5. Building a team
Quotes: “ There’s a great model out there, turns out building my own was one of the best things I could ever done for myself because that was the best learning experience “ “ No matter what model you’re using and not everybody builds their own, you should at least understand how it’s constructed and why it’s returning and when it’s returning “ “ When you’re underwriting, you have to adjust your growth assumptions accordingly, basically rely less on appreciation and more on in place factors “ “ It’s hard to over lever yourself in a tertiary market “ “ Finance market has been able to grow so much it’s because lenders were able to access more markets and get comfortable. “ “Whether you think you can or can’t you’re right ” “ When getting started, I think it’s really valuable to dive deep into one area of the business “
