He and his partner started the company to invest their own capital into real estate. Advertisement In his will, MJ left 40 per cent of his assets to his three children, to be split equally. And he actually did. Interesting. As Principal, David co-chairs the Investment Committee and oversees the analysis, acquisition, and asset management teams at Origin. That trend is . She strives to discover the finest solutions to all design problems. Intrigued by countries and cultures, she enjoys traveling, live music and spending time with friends. Im Rod Khleif and Im thrilled youre here. Aaron is responsible for driving performance in the companys multifamily portfolio. Ken began his career in commercial lending as a credit analyst for MB Financial Bank in Chicago. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. Its very unusual. Therefore, American journalist Michael S. Schmidt has an estimated net worth of $2 million. Kate's true passion (outside of work) is investing and advising early-stage startups. Following his time at MB and prior to joining Origin, Ken worked as a project manager for Landmark Building Group. Aenean nec cursus diam, eget consequat mauris. But it was, I think, at that time when we were 60% leveraged. This was consistent with the thesis. Prior to joining Origin full-time, Ryan was a Data Scientist intern. ", - David Scherer, Co-CEO of Origin Investments. Lastly, Kevin began his career working for Clark Construction as a project engineer in the Washington D.C. metro area. Stephanie's Voice career has been on and off, but fans think of her as a regular due to her . Again, I came from the commodities trading world where they say being a good trader was more about risk management than trying to make money. He currently resides in the Lincoln Park neighborhood of Chicago and enjoys traveling, cooking, and spending time with family & friends. We have a real powerhouse on the show today. Prior to joining Origin, Spencer began his career as an Analyst at Blue Vista Capital Management. Why is the asset underperforming? Rod Khleif: Its not how much you make, its how much you dont lose. Tijana also has experience as a residential sales broker where she was able to help several first-time homebuyers and investors. She was responsible for planning, creating and distributing content, including email marketing, writing articles for the EveryDose blog, and managing the company's social media presence. Michael Episcope: Yeah. Prior to joining Origin Investments, Michael was the Vice President and Senior Associate General Counsel at General Growth Properties, a $3 billion publicly-traded REIT. [chuckles]. Barbara is the content strategist in Origins marketing department. North Hills, CA. Michael received a Bachelor of Arts degree from Depaul University. We actually just acquired an asset. Before his current role, he served as Vice President of Asset Management for Origin Investments, overseeing the firms portfolio assets. Number one, if youre a passive investor, and youre not a full time real estate investor in this market, it would be very challenging for you to ascertain one good deal from another good deal, from another. Can we actually improve it and get what we think? In this assignment, he was able to capitalize on investments made in three REITs and ensure beneficial results. I think that the smart investor is one who is humble and understands what he knows, and what he doesnt. Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . Rod Khleif: So youre a buy-fix-sell investor. - 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." - Michael Episcope - Suburban multifamily has been sort of all out of favor and we saw the cranes that are happening downtown and everybody believes that every millennial is gonna live in the city. "We believe that investors deserve the most talented and disciplined team to actively manage their real estate investing portfolio. Rod Khleif: Those that dont know what hes talking about here, back when things were going fast and loose in 05, 06, 07, a lot of apartment owners were condo-mizing those apartment complexes and selling them off one at a time. Michael Episcope Principal, Origin Capital Partners Michael Episcope is principal and co-founder of Origin Capital Partners, a Chicago-based real estate investment firm that invests in. The company was founded in 2007 by real estate fund managers Michael Episcope and David Scherer to invest their own money in office buildings and apartment developments in secondary U.S. cities. Kate joined Origin in 2021 after a tenure at Ventas, a S&P 500 company and a leading healthcare REIT. Youre hiring us to build your portfolio. The markets been great for the last couple of years. Gwen Stefani. Very impressive, buddy, I really appreciate you taking the time to be on the show. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. I think theres a misnomer that funds are more expensive than individual deals, and thats just not true. Jacob lives in the Lincoln Park neighborhood of Chicago and loves cheering on the Green Bay Packers and Wisconsin Badgers. Im not gonna do his bio or history any justice, so were gonna go right to you, Michael. We got this thing for a song. Michael Episcope worked as a commodities trader for 15 years while investing passively before deciding to take things a step further and earn a master's degree in real estate. In her free time, Tijana enjoys to workout, read books, and spent time with her family and friends. He enjoys keeping up with the local music scene and cheering on Minnesota sports. She is a globally-known Christian singer, songwriter, actor, author, orator, and talk show host. She managed daily web and monthly print publishing schedules, oversaw operations and interviewed owners and operators around the world. Total assets under management, $2 billion. Prior to Origin, Regina was a Senior Treasury associate for 5+ years at Straits Financial, a Futures Commissions Merchant, based out of Chicago. In 2018 he graduated from Marquette University with a degree in Commercial Real Estate. Its the decision making that matters. I mean, with an Excel spreadsheet, you can make any deal look great. Find Michael Episcope's email address, contact information, LinkedIn, Twitter, other social media and more. That was kinda the impetus of us starting together. Reputation Score: 2.59 - 3.76. Michael Episcope: I used to spend my summers with him, and I really. Rod Khleif: Oh, gotcha. Dan graduated in 2019 from North Central College in Naperville with a Bachelor of the Arts with a major in Finance. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. Garrett moved to Chicago 2 years ago and lives in the Lakeview community. David Scherer co-founded Origin Investments in 2007, a top decile fund manager with expertise in building, buying, and operating institutional-class multifamily real estate across the country. Thank you for listening to the Lifetime Cash Flow Through Real Estate Investing Podcast. Prior to joining the Origin team in November of 2021, she worked as a Real Estate Executive Assistant/Office Manager at Realty Of Chicago. The HVC all those things. Why to over communicate As of 2021, Michael B. Jordan's net worth is estimated to be around $25 million. He has more than 30 years of investment and risk management experience and has been an integral contributor to Origins innovative practices and investment success. At Evolve, he led the strategy, execution, and analysis of multi-channel, lead-generating campaigns for more than 30 clients across specialties. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Vestibulum in sem nunc. 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. Education + Add. Rod Khleif: Yeah, I mean thats why the index funds are the largest on the planet. Episode Highlights Trends High Net Worth investors should consider as they begin to allocate more funds to alternative investments. Before Joining Origin, Christopher previously worked at Northern Trust and AlterDomus. Check BackgroundGet Contact InfoThis Is Me - Edit Court & Arrest Records View All This section can be locked, requiring permission to view. Upon graduating from Marquette he then took a job at CIBC Bank in Chicago on the Corporate Real Estate team. Rod Khleif: Yeah. I was sort of the 35 years of age, I was the old guy in the class, which was kinda fun as well but I just believe in continuing education, learning and things like that. Prior to that, he managed an owner-operated portfolio concentrated in Atlanta (Avila Real Estate), and a vertically integrated firm sponsoring multifamily focused investment funds in the Southeast, mid-Atlantic, and Northwest regions (Merion Realty Partners). Michael Episcope - $1 Billion in Multifamily and Commercial Real Estate Transactions Ep #225 Michael Episcope - $1 Billion in Multifamily and Commercial Real Estate Transactions Watch Now Listen Now LIFETIME CASH FLOW THROUGH REAL ESTATE INVESTING LIFETIME CASH FLOW THROUGH REAL ESTATE INVESTING Michael talks about how Origin is navigating the current real estate market, its venture in Qualified Opportunity Zones, and the funds it . What markets are growing? We do [overlap talk]. Cardone currently owns more than 4,000 multifamily units with a current portfolio value of $350,000,000. Rod Khleif: Okay. He was an Evans Scholar recipient at Michigan State University and is still active in the community, being a part of the alumni leadership council and alumni mentorship programs. Dell shares surged to a record high on Thursday, valuing its founder's net worth at $50.7 billion, according to . Maria serves as a marketing associate at Origin, working with and supporting all marketing channel owners. All of our deals have to work well together and in order for us to get paid cumulatively, a fund has to generate more than a 9% return. When I look back, I could look at a deal, and I was trying to evaluate people, and he was vouched for by a good friend of mine, but you fast-forward a couple of years and we went into very bad times. degree with honors in Electrical Engineering from Izhevsk Technical State University in Russia, and received her MBA from The University of Chicago Booth School of Business. Webinar today at 11AM CT: Join Origin Co-CEO Michael Episcope and Managing Director of Acquisitions Dave Welk for our IncomePlus Fund webinar. Prior to joining Origin Investments, Kevin worked at Stony Point Development Group, a developer and investor focused on direct developments, limited partner investments and core acquisitions in Virginia and the Carolinas. Before joining Origin in the Fall of 2018, Bill worked as an independent graphic designer. She also likes to watch Netflix and going out to eat sushi. She is also a professor at Johns Hopkins University School of Education. Ill take you back a little bit farther maybe than you wanna go Born and raised in the Chicago area. Now let me ask you this, what are your thoughts on the looming contraction? She received her Bachelor of Arts Degree in Communications from the University of Illinois at Urbana-Champaign. He also worked at MSNBC and NBC News. Joe Fairless successfully made the jump from single family to multi-family real estate investing and controls over $54,000,000 of investment properties & consults investors on real estate investing. When it all crashed and burned, there were a lot of broken ones where some of the units have been sold. They had a matrix. The value of continuing education Barbara received a bachelor's degree in journalism at the University of Illinois at Urbana-Champaign. At Centro, Geoff focused on personalizing the companys messaging strategies and expediting adoption of their proprietary software a comprehensive solution for both brands and agencies. Prior to Origin, Daniel worked as an auditor at Grant Thornton, working on clients in the auto and medical manufacturing field space. Chicago suburb. Bill received his BFA from the School of the Museum of Fine Arts, Boston in partnership with Tufts University (SMFA at Tufts). I saw the impact that a good real estate Proper real estate investing could make. Tune in next week for our next show. Its certainly not as easy today as it was a couple of years ago when the capital had so much more leverage. He was responsible for underwriting and supporting all aspects of the acquisition process. Thank you. If youve enjoyed the show, please take a minute to visit iTunes and leave your comments. 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. Rod Khleif: Guys, just so you heard that, hes in at the third equity instead of the typical agency debt. Prior to joining Origin in 2020, Jonathan worked at Lakeside Bank where he provided financing solutions for commercial real estate projects throughout Chicago. During the summer, Grace enjoys biking along Lakeshore Drive and makes the most of the big city by exploring new places, museums, parks, restaurants and festivals. Prior to joining Origin, Barbara was the managing editor of HOTELS, a Chicago-based publication covering the global hotel business. If you get that right, then thats who you really want to put your money with, whether its a syndicate or a fund. If you got a homerun deal And so you actually limited their investments so you could have more people in it, have more people that experience s fantastic return on that particular deal, because Ill tell you guys, once you make someone some money, youve got them. Priya is the controller of Origin Investments and joined the team in June 2009. Tom Wheelwright CPA, author of Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) discusses the greatest financial benefits to multifamily real estate investing. Michael and his husband have been residents of the city of Chicago for over twenty-five years. There is where she assisted in all real estate transactions including Residential, Commercial, and Real Estate Bank Owned properties. Michelle is a gamer and enjoys spending her free time playing online video games. Well its a combination of renovating units, raising rents, tapping in some of the other ancillary revenues. Isabela still enjoys playing soccer and staying active as well as volunteering, reading and traveling. Seasons: 7, 9, 12, 17, 19, 22. Gina serves as an Investor Relations Support Specialist. Michael Episcope worked as a commodities trader for 15 years while investing passively before deciding to take things a step further and earn a master's degree in real estate. Melissa received a Bachelors degree with a major in Strategic Communications from the University of Kansas and a Masters degree in Integrated Marketing Communications from Northwestern University. In preparation for the Jan. 31 date, Origin Managing Directors of Liked by. 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. It also had a broken condo structure, and what was interesting about that is that the previous owner, because he was embarking on a condo structure, he actually upgraded all of, what well call, the non-revenue generating components of the property. 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