He facilitated multiple events for Be The Match, a nonprofit organization founded to fight leukemia and other blood-related diseases. Ken received a Bachelor of Science in Finance and International Business from Indiana University (Bloomington) and a Master of Business Administration with a concentration in Real Estate Finance and Investments from DePaul University. Jennifer serves as Office Manager and Executive Assistant to the Co-CEOs Michael and David. And again, we feel that that is an institutional pricing standard in the business. Cody previously worked as an accountant for the Pritzker Family Office where he was responsible for managing the accounting duties for a number of different investment entities. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. What were trying to do is really take, what we call, core plus risk and deliver value add returns. Rod Khleif: Sure And their friends, and their relatives. 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. Awesome. I went to school in Chicago. With Michael's leadership, Origin has more than $1.3 billion in equity under management . This was fantastic. Why to over communicate So many, I would say 50% of them, we were able to buy back in the first three months and people were so thankful to us even to come there to provide them with an exit strategy. Its a big component of what we do today. Michael Episcope: Yeah. 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. Tom joined Origin Investments in early 2011 and is responsible for sourcing multifamily investments across the Western United States. episcope: [noun] a projector for images of opaque objects (such as photographs). Real estate's role in the Yale portfolio is to hedge against . By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. Why the particular asset classes that you focused on. We have lots of information about Edsel: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Other. He enjoys spending time with family, trying to keep up with the ever-changing restaurant scene, travel, golf, fly fishing, an occasional bird hunt and Iowa Hawkeyes athletics. When it all crashed and burned, there were a lot of broken ones where some of the units have been sold. It certainly will turn around at some point, and I believe that you buy good real estate, you add value to it, you appropriately capitalize it and youll have some dry powder on the side. Michael Episcope: I mean a lot of people, Im probably guilty of it as well, but a lot of people correlate, because they have money, they know more than the other person. Now let me ask you this, what are your thoughts on the looming contraction? The markets been great for the last couple of years. He put on a new roof. If you get that right, then thats who you really want to put your money with, whether its a syndicate or a fund. Bill received his BFA from the School of the Museum of Fine Arts, Boston in partnership with Tufts University (SMFA at Tufts). On March 21, 2017, Michael launched his YouTube channel with the video "It's SO HARD being a WHITE person.". A no big deal apartment building, but the individual who were investing with, he didnt have a tremendous amount of experience. Preqin , an industry leader that tracks performance of private equity fund managers, ranked these two funds in the top quartile as of June 2016. Investors who are locked into real estate assets are spared from the temptation of panic selling that ruins so many stock portfolios. In preparation for the Jan. 31 date, Origin Managing Directors of Liked by. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net individual investors. And he actually did. Priya is the controller of Origin Investments and joined the team in June 2009. While at Ventas she led the transformation and scaling of FP&A, corporate risk, legal, accounting, treasury, and property management functions. She was responsible for leading the graphics department with a team of 7, creating all marketing collaterals and unique packaging designs for products including sparkling wine, gin, rum, cognac, and tequila. 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. Intrigued by countries and cultures, she enjoys traveling, live music and spending time with friends. Michael Episcope: Yeah, especially in assets because were more of a buy-fix-sell strategy where were buying underperforming assets and if we lose a tenant or we have to backfill a tenant, we need to do that. Its interesting. Michael Episcope: No, we dont. Michael Episcope: Yeah. I would caution people. Michael Episcope: Well it was a positive for us because to state that they didnt understand best practices around property management would be an understatement. Before his current role, he served as Vice President of Asset Management for Origin Investments, overseeing the firms portfolio assets. "We believe that investors deserve the most talented and disciplined team to actively manage their real estate investing portfolio. Ep #183 Grant Cardone Controls Over 4,000 Apartments Worth Over a Half a Billion Dollars. Its the decision making that matters. 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. Jacob lives in the Lincoln Park neighborhood of Chicago and loves cheering on the Green Bay Packers and Wisconsin Badgers. Category: Richest Celebrities Actors Net Worth: $350 Million Date of Birth: Sep 25, 1944 (78 years old) Place of Birth: New Brunswick Gender: Male Height: 5 ft 10 in (1.78 m) Preston recently joined our acquisitions team as an Analyst. In his free time, he enjoys playing basketball, traveling and spending time with his friends and family. Committed vs Invested equity Ep #79 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. As a fund manager, we look at it more as a portfolio. We got this thing for a song. She is instrumental in executing marketing campaigns to drive new investors for our private real estate funds. I mean, no tree grows to the sky. Appreciate you having me on today. He received a Bachelor of Business Administration with a major in Real Estate and Urban Land Economics from the University of Wisconsin, Madison. It feels like yesterday that See, its very different. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. Its very unusual. Michael Episcope cofounded Origin Capital to create access to real estate investments and management expertise that were previously only available to institutions. Soon after graduating, he worked in the Transfers department at Millennium Trust. Michael serves as Origin Investments in-house general counsel. Prior to joining the Origin team in December 2022, she worked as a content marketing coordinator at EveryDose, a niche startup centered on medication adherence. But going forward, were actually, as much as I love the strategy of that buy-fix-sell, it also has its limitations, which is real estate is incredibly tax efficient, but when you sell, you have to pay long term capital gains. Spencer is responsible for underwriting prospective commercial real estate investments across all of our target markets. We bought an asset in Naperville, Illinois. Michael is admitted to the Illinois Bar and the Northern District of Illinois. He had sold 19 out of 283 units so what we did is, we came in there and bought 264 apartment units with the idea that we were gonna buy the other 19 units, put Humpty-Dumpty back together again. We have a real powerhouse on the show today. When we went out, this was in 2010, and it was crazy times then and this was We syndicated some smaller deals prior to that but we had a good network. 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. Top line. Retooled from that sense and that was a great experience. Talk to you soon. Vestibulum in sem nunc. Michael Episcope: On a syndicator deal, what they will do is that they dont charge on committed capital, they charge on acquisition fee because for every deal that they do end up finding, theres probably 20 deals that they didnt find that they had to pay their expenses. Rod Khleif: Guys, just so you heard that, hes in at the third equity instead of the typical agency debt. You dont really know how people are going to behave until their backs are against the wall. Image: Trae Patton/NBC. Everybodys gonna look great in an interview, and this and that. The ones that didnt go so well, I learned quite a bit. 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. Got it. Christopher enjoys playing basketball, board games and video games. It really, funders charge differently. Sure. Rod Khleif: People from your trading background. Ut porttitor ligula eu elit ornare tincidunt. Chicago suburb. Im happy to talk about that a little bit. Born and raised in Chicago, Ken enjoys traveling, cooking, and cheering on the Cubs, Bears, and Indiana Hoosiers. During his education at DePaul University, he served as Treasurer and President of his fraternal organization. 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