Episode Description
Ian Djuric is the managing member of the Djuric Family Office overseeing the family's real estate portfolio and equity investments for the past several years. The family office invests as both a GP and sole owner and has an ownership interest in over 5,200 multifamily units. Before running the family office full-time, Mr. Djuric had a prolific career as an owner-operator in the waste management industry.
Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!
LinkedIn: /TeamQuattroCapital
Instagram: @TeamQuattroCapital
Facebook: @TeamQuattroCapital
Website: www.TheQuattroWay.com
[00:00 - 06:27] Opening Segment
Introducing Ian to the show
Brief background and career
Developing build-to-rent communities and storage portfolios
Investing 10 - 50 million a year in LP checks for land development deals
[06:19 - 14:24] Exploring the Growing Appetite for Build-to-Rent Communities in the Real Estate Market
The risk profile of buying class A properties versus C and B class properties
The average cost of running class A properties is 37-39%
Lower tenant turnover and delinquency rates in class A properties
Ability to push rent organically without having to spend a lot of money on it
Appetite for build-to-rent communities due to lack of supply and people choosing not to buy due to high-interest rates
[14:25 - 29:35] Renting Makes More Sense: Exploring the Benefits of Institutional Equity in Build-to-Rent Development Deals
Partnering with a life insurance company to provide debt and equity up to 92-90% LTC
Bringing in a passive institutional partner for additional equity at 7% LTC
Paying a 2.5% acquisition fee and a 2% asset manager fee
Multi-family deals average 60-80 million but only get 50-60% leverage
Institutional equity provides no investor reporting, but high fees
Having prep in a deal can be beneficial when structured correctly
Two mantras of how to make a return on a deal: syndicated equity or pref equity
[29:36 - 30:53] Closing Segment
Final words
See the links below to connect with Ian
Quotes:
"I never did one of the weekend classes or mastermind programs. I just kind of paid for my education by sponsoring the entire deal and getting every single day thing. That I think, is the best education money can buy" - Ian Djuric
"Don't be nervous about having prep. Having prep can be great, especially if it's structured the right way." - Ian Djuric
Connect with Ian through Instagram, Facebook, or visit www.DjuricFamilyOffice.com.
LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.