The Founder Shares the Key to a Successful Multifamily Syndication

1. Transition to Real Estate:
   • Chris worked in aerospace for 17 years while managing apt buildings on the side.
   • Founded EM Capital in 2018 to focus on real estate full-time.
   • Emphasizes the rewarding and enlightening experience of his career shift.
2. Current Major Deal:
   • EM Capital is under contract for a $49 million, 268-unit property in Atlanta.
   • Highlights the challenges of high interest rates and a slow market.
3. Property Management Strategy:
   • Partners with third-party property management companies for daily operations.
   • Focuses on asset management and executing business plans.
4. Due Diligence Process:
   • Conducts thorough financial and physical inspections of every unit.
   • Collaborates with various vendors for accurate improvement quotes.
5. Security and Community Improvements:
   • Implements enhanced lighting, security gates, and updated camera systems to improve safety.
   • Ensures a positive living experience for residents, resulting in higher satisfaction.
6. Challenges and Memorable Experiences:
   • Recalls handling a property inspection with unexpected challenges, such as finding a machine gun in a unit.
   • Stresses professionalism and safety in such situations.
7. Importance of Partnerships:
   • Values quality partnerships for mutual growth and innovation.
   • Collaborates with different partners on specific deals to fill gaps and drive success.
8. Future Expansion:
   • Exploring opportunities in industrial real estate to diversify the portfolio.
   • Focuses on emerging markets with strong fundamentals.

Chris Lento’s journey exemplifies the power of vision, perseverance, and strategic partnerships in achieving success in the real estate industry.

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