Michael Episcope, principal at Origin Investments, joins the show to discuss how machine learning is helping to guide the future of multifamily development. Prior to joining Origin in 2020, Jonathan worked at Lakeside Bank where he provided financing solutions for commercial real estate projects throughout Chicago. Seasons: 7, 9, 12, 17, 19, 22. Isabela was formerly a Senior Financial Analyst with Pritzker Realty Group where she was responsible for providing underwriting support and market research in relation to PRG's acquisition, disposition, financing and asset management activities. Upon graduating from Marquette he then took a job at CIBC Bank in Chicago on the Corporate Real Estate team. They had never been touched since the early 80s. Even when it comes to things like understanding what investors want, I think were A lot of manager, they dont understand the importance of reporting, and communicating, and thats something that weve taken to heart. He was awarded the MSU Evans scholarship for an outstanding caddie record and academic excellence; Graduating from Michigan State in 2019 with a Bachelor of Science and minor in international business. Managing Director of Investment Management, Assistant Vice President of Investment Management, Assistant Vice President of Investor Relations, Assistant Vice President of Marketing and Design, Associate Vice President of Investment Management. Preqin , an industry leader that tracks performance of private equity fund managers, ranked these two funds in the top quartile as of June 2016. Victoria graduated from St. Olaf College where she received a Bachelor of Arts in Economics with an emphasis in Finance. Prior to Origin, Michael had a prolific trading career and twice was named one of the top 100 traders in the world by Trader Monthly Magazine. Michael Episcope Co-CEO Connect In 2007, Michael Episcope co-founded Origin Investments, a top-decile fund manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. Im very grateful for your valuable time on the show. Michael Episcope: Right. Michael is principal of Origin Investments, in which he co-chairs the Investment Committee and oversees investor relations, marketing, and company operations.He brings 25 years of investment and . PublicPrivate Court, Arrest or Criminal Records If you get that right, then thats who you really want to put your money with, whether its a syndicate or a fund. Gina serves as an Investor Relations Support Specialist. Talk to you soon. You dont hold properties for legacy or long-term cash flow. +1-941-225-8477. Garrett received a Bachelor of Arts with a major in Economics from Indiana University. Well its a combination of renovating units, raising rents, tapping in some of the other ancillary revenues. Michael Episcope: I think its not that we believe in timing the market. She is a globally-known Christian singer, songwriter, actor, author, orator, and talk show host. Episode Highlights Michael Episcope: Yeah. 11. And also by vintage as well, which is important because we will be investing over a period of two to three year and building that portfolio. Dr. Dahle's conversation with Origin Investments about what all high-income earners need to consider when investing to grow their net worth.The White Coat In. Thats very different if youre buying 20 individual deals. North Hills, CA. Michael Episcope: That was a lesson. Rod Khleif: Awesome. Prior to joining Origin Investments in 2017, Chris served in various roles with NorthMarq Capitals loan production and loan servicing offices located in Chicago and Minneapolis. Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. Note that Michael Episcope frequently shares his knowledge with all individual investors on Origin's blogs and Forbes. He has closed over $2.3 billion of transactions and has raised or invested principal funds of over 56 million and averaging a gross IRR of 30%. During his decade long tenure at Equity Office, Marc performed underwriting and valuation analysis on corporate acquisitions with a total value in excess of $15 billion and developed and executed investment strategy for assets with an aggregate value over $2 billion. It was very challenging to find good quality deals, good quality managers. He is an avid outdoor hobbyist and ultramarathon runner. How to build good will for future deals, Book Recommendation: Principles by Ray Dalio, To learn more about our guest, click here, Join us at a Multifamily Bootcamp, visit MultifamilyBootcamp.com, Ep #225 Michael Episcope 1 Billion in Real Estate Transactions. Youre doing things that Youre certainly separating all the utilities, which can be a real asset to your bottom line if everythings separately metered. What were trying to do is really take, what we call, core plus risk and deliver value add returns. Michael brings 25 years of investment and risk management experience to the company and believes that calculat. Rod Khleif: People from your trading background. Ep #259 Chris Voss Author of Never Split The Difference Former FBI Hostage Negotiator, 242 S. Washington Blvd Suite 319 Sarasota, FL 34236 Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Its the decision making that matters. She enjoys creating bold, minimal styles by focusing her layout skills using typography and grids. Its not borderline at all. Rod Khleif: Exactly. No. The decisions you make around the investments, you select the team you select and put around you as well. Michael Episcope: Thats a little bit on the equity amount. In order to finance his lifestyle, at one point Michael took a $380 million loan from Bank of. Jordan's success in the entertainment industry has led to significant wealth, which has enabled him to live a comfortable lifestyle and invest in real estate. At the age of 19 years old I got a summer job down at the Chicago Mercantile Exchange and that was between my freshman and sophomore year of college at DePaul. Thats a great strategy. Now let me ask you this, what are your thoughts on the looming contraction? When I transitioned out of commodities trading in 05, I went back and I went and got a Masters in real estate at DePaul University as well. So I spent the next year, youd think this would be a slam-dunk, but working between the lawyers and the courts, flying down to Austin and testifying, and trying to wrestle this away. Check out this great listen on Audible.com. And again, we feel that that is an institutional pricing standard in the business. Prior to joining Origin, Preston began his post-graduate career as an Analyst with Rialto Capital. Michael also worked at Corporate Express as their Assistant General Counsel. Before joining Origin in 2022, Michelle previously worked at Sovereign Brands, a wine & spirits company. Prior to joining Origin Investments, he underwrote and transacted commercial real estate investments at Equity Office Properties. Grant Cardone is an award winning author, sales guru, motivational speaker and success coach. That trend is . I could barely get my head through a door cause I thought I was a real estate god and you know. Can you just give some strategy to my listeners? Horacio spoke with Michael Episcope, the co-CEO at Origin Investments. Michael Michele (born August 30, 1966) is famous for being movie actress. Jimmy received his Bachelor of Arts Degree in Business from the University at Buffalo. Justin graduated from DePaul University in 2019 and earned his Bachelor of Science in Finance. I said, Oh my god, this looks like a homerun. And you dont know what you dont know, and at that time, I didnt have a tremendous amount of real estate experience. He has been a Vistage member for more than six years and lives in Chicago with his wife and three children. In her current role, Priya oversees Origins fund and corporate-level financial operations, executes year-end audits, interfaces with the tax team, tracks corporate performance, and manages reporting requirements of lenders, general partners and other stakeholders. One of his breakout roles came in 1982 when he began portraying Alex P. Keaton on Family Ties. Total assets under management, $2 billion. The additional shot of funds from these investors helped complete deals that otherwise may not have happened, Landes added. Well have that for probably another four years. Any investments will only be made with proper disclosure and subscription documentation, and subject to all applicable laws. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your Safest And Most Profitable Real Estate Opportunities. Michael Episcope: Potentially, yeah, if it were an individual asset thats not the strategy. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. Some went fine and some that didnt go so well. Geoff holds a Bachelors degree with a double major in Sociology and English from College of the Holy Cross and a Masters degree in Strategic Marketing and Communications from DePaul University. At Stony Point, Kevin grew to lead the day-to-day management of the firm and was responsible for the entire life cycle of the firms investments & developments. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net individual investors. Prior to Origin, David served as company president for a privately financed hedge fund. Providing guidance with clear understanding of where they stand everyday. Net Worth: $6.5 Billion This college dropout and World War II Veteran was working for St. Louis Cadillac when he had his billion dollar idea. Michael has helped build Origin Investments from a small real estate investment company, to one of the best-performing companies with more than $1 billion of assets under management. Michael Episcope: Yeah. Michael Dell's fortune surpassed $50 billion for the first time after his . Finishing his Master of Accountancy (Also from MSU) in 2020. Earlier in his career, he worked the Associate General Counsel and Assistant Secretary at APAC Customer Services. - Michael Episcope "Our mission from day one was to help high net-worth investors, grow their wealth, generate tax-efficient passive income, and just bringing that institutional product to people like us, people who deserved a better way to invest." He is an accomplished French horn player, contemporary art collector and competitive recreational cyclist. He was raised in well-settled family background. His clients included agencies, startups, non-profit organizations in the arts, higher education, healthcare, social welfare, as well as entrepreneurial individuals. Michael Episcope: While in a fund structure, if you have one deal that needs capital and the other deal is doing very well and spewing off cash flow, all of that cash flow rolls up to the fund. Its certainly not as easy today as it was a couple of years ago when the capital had so much more leverage. We do [overlap talk]. Once you figure out how much money Michael Alan Singer is making everyday, it is much easier to estimate Michael Alan Singer's Youtube net worth! Aaron is responsible for driving performance in the companys multifamily portfolio. Rod Khleif: Just to build goodwill for future deals. Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. It was in 2007 that my partner and I got together, and we decided, and kinda came to the same conclusion that we can do this better with our own capital. Ill never One of my professors, early on, this was actually in 06, but he said, The three most important rules of real estate are never run out of money, never run out of money, and never run out of money.. David Scherer formed Origin Investments in 2007, along with co-founder Michael Episcope. Its very unusual. The video has had 9.6K views so far. Dave joined Origin in 2011, and, over that time, has completed over $1.1 billion of direct and joint-venture investments comprising of a host of physical and operational repositioning strategies and ground-up development of multifamily and office assets throughout Chicago and the Southeastern U.S. Michael Episcope: Thanks, Rod. 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