In a recent podcast of Action Takers Unscripted hosted by Arsenio Hart, EM Capital’s founder, Chris Lento, shared valuable insights about his journey and the multifamily real estate landscape. EM Capital started with local apartment acquisitions and has now expanded to focus on the Southeast, from North Carolina to Northern Florida. Specializing in Class B and C multifamily assets with a value-add component, EM Capital targets properties priced between $10 million and $50 million.
Key Highlights:
- EM Capital’s Focus:
- Specializes in Class B and C multifamily assets in the Southeast.
- Targets properties between $10 million and $50 million with value-add potential.
- Value-Add Strategy:
- Emphasizes revenue generation, renovations, and efficient management to enhance property value.
- Team and Deal Flow:
- Dedicated acquisitions lead maintains strong broker relationships.
- Rigorous deal evaluation and underwriting process ensures high-quality investments.
- Syndication Model:
- Raises capital from multiple investors to allow shared ownership in large multifamily properties.
- Investors benefit from limited liability and minimal operational responsibilities.
- Scaling and Transition:
- Chris transitioned from a defense sector job to full-time real estate investing through syndication.
- Syndication enabled faster scaling and a clear business model.
- 1031 Exchange Challenges:
- Complex process of rolling investors from one property to another within a syndication.
- High costs and complexity, but valuable for streamlining future deals.
- Trust and Transparency:
- Essential for building investor confidence.
- Open communication about risks and maintaining honesty is crucial.
- Future Vision:
- Plans to expand into industrial and retail properties for diverse investment opportunities.
- Aims to achieve $100 million in acquisitions this year.
- Advice for Aspiring Investors:
- Take definitive steps toward real estate investment.
- Create accountability by sharing goals with others.
Chris Lento’s journey from a defense contractor to a successful real estate investor underscores the transformative power of syndication and strategic investment. EM Capital’s focus on value-add opportunities and investor transparency sets them apart in the multifamily real estate sector. Whether you’re an experienced investor or just starting, EM Capital offers valuable insights and opportunities to grow your investment portfolio.
Connect with Us:
Connect with Chris Lento: LinkedIn.
Listen to the Full Episode: Available on Apple.
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