View Background Details. A no big deal apartment building, but the individual who were investing with, he didnt have a tremendous amount of experience. We just wanted to build a firm around our capital that would represent us as individual investors, in a way where we could take advantage of the market and take advantage of real estate investing and realize its true benefits. Michael Jordan's net worth is $2.2 billion. 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. He and his partner started the company to invest their own capital into real estate. One of his breakout roles came in 1982 when he began portraying Alex P. Keaton on Family Ties. Can you just give some strategy to my listeners? Michael Episcope: It came to fruition in 08. And so the very first deal we took out to a group. Thats one of the distinct advantages but it comes down to creating structures that we want to invest in. Youre doing things that Youre certainly separating all the utilities, which can be a real asset to your bottom line if everythings separately metered. 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. Prior to joining Origin Investments, Katina worked as an analyst at Equity Lifestyle Properties (ELS) where she focused on underwriting RV & MH developments and capital improvement opportunities. Rod Khleif: Absolutely Youve done so much, maybe you could take us back a little bit and tell us how the story started. Michael Episcope: Trading, and other backgrounds as well. Understanding capital commitment fees Check out this great listen on Audible.com. Katina is a Senior Associate on the Investor Relations team. Is it just bad real estate? Rod Khleif: Lets talk a little bit more about fee structure because I just wanna make sure So you dont charge an acquisition fee, you charge a capital What did you describe that as? - 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." He was awarded the MSU Evans scholarship for an outstanding caddie record and academic excellence; Graduating from Michigan State in 2019 with a Bachelor of Science and minor in international business. Bill is on the marketing team, where he leads marketing strategy and produces creative assets for marketing campaigns including blog graphics, email templates, landing pages, and other branded materials. Im not gonna do his bio or history any justice, so were gonna go right to you, Michael. Marc lives with his wife Carey and two daughters, Rachel and Hailey, in a north suburb of Chicago. Michael earned his undergraduate and masters degrees from DePaul University. Ivette received her Bachelor Degree in Law Enforcement and Justice Administration in 2015 and obtained her Paralegal Certificate from an ABA Approved Program at the College of Lake County in 2021. What I learned through that experience was that A couple of things, number one, real estate, especially in the private market sometimes is not so friendly for the individual investor. She also appeared in the romantic comedy How to Lose a Guy in 10 Days and in the Academy Award . Webinar today at 11AM CT: Join Origin Co-CEO Michael Episcope and Managing Director of Acquisitions Dave Welk for our IncomePlus Fund webinar. Rod Khleif: The lesson was, you looked at the asset and the asset looked great. Michael has helped build Origin Investments from a small real estate investment company, to one of the best-performing companies with more than $1 billion of assets under management. Michael Episcope: We have renovated 30 units. Appreciate you having me on today. Michael Episcope: You know where the value [overlap talk]. 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. The importance of risk management I assume theres an asset management fee What other sorts of fees can a person expect in a vehicle like yours? Christopher enjoys playing basketball, board games and video games. He has closed over $2.3 billion of transactions and has raised or invested principal funds of over 56 million and averaging a gross IRR of 30%. Prior to joining Origin full-time, Ryan was a Data Scientist intern. Cody is a Senior Accounting Associate here at Origin Investments. Gwen Stefani. That trend is . And thats exactly what were talking about here. 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. Reputation Score: 2.59 - 3.76. If we have two or three deals that dont perform, and the fund only generates 8%, we dont get paid a performance fee. Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. And thats really where I built my wealth. Prior to Origin Investments, he completed the Risk Management Leadership Program at GE Capital. In that role, Dan facilitated the internal and external movements of custodial accounts to other IRA custodians. If that would have turned out great and I wouldnt have founded it and maybe I would still be a passive investor today, but I just looked at it and said, I can do better than this. And my partner and I came to the same conclusion and said, Lets do this. [overlap talk]. We have lots of information about Edsel: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Other. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Number 7: Kenneth Tuchman. If 10 do well and 10 dont do well, youre paying a performance fee on the 10 that do well in that structure because your performance fees arent cross-collateralized at the fund level. Fund will charge committed capital fees. 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. Horacio spoke with Michael Episcope, the co-CEO at Origin Investments. Phil loves to travel, participate in sports leagues and cheer on the Cincinnati Reds and Bengals. Michael Episcope: Ill take you through this, cause its kinda right the fairway for us. Vestibulum in sem nunc. Of course, youre absolutely fixing these units up to sell them as condos. Within her years of real estate Executive assistant experience, she helped maintain communication with all parties. Very interesting. Rod Khleif: This has been a real high-level conversation and some of you guys heads are probably spinning from this but lets go back to when you first And I know you invested your own equity to get started. North Hills, CA. I think theres a misnomer that funds are more expensive than individual deals, and thats just not true. Since moving here in 2003, He has taken the opportunity to enjoy a wide variety of food and activities that the city has to offer. He is a lifelong resident of Chicago and lives with his dog in Chicagos Pilsen neighborhood. Click the play button above to listen to our conversation. What were trying to do is really take, what we call, core plus risk and deliver value add returns. And thats what I was talking about. Can we actually improve it and get what we think? Were in those markets because in the strategy sense, the first thing we do is look at the macro view of the world and figure out where we want to invest. Within her 5+ years of real estate paralegal experience, she assisted in maintaining communication with all parties involved within the transaction, contract negotiations, draft closing documents, clear title, prepare leases, complete any municipality and obtain necessary permits. 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. Since 2003, Dave has been involved with the sourcing, closing and execution of more than $1.9 billion of commercial real estate acquisitions, dispositions and development projects. Rod Khleif: Hey, my net worth went up $17 million in 06. Before ELS, she worked at Lilis Energy in Dallas, Texas, as an analyst cross-specializing in investor relations and transaction work. Present portfolios valued over almost a half a billion dollars, or more than a half a billion. Aaron studied Political Science and Economics at Emory University in Atlanta, GA. Origin builds, buys, and lends to class A multifamily real estate in tax and . Based on the stats for Michael Alan Singer's Youtube channel, the total number of video views is around 0, which means Michael Alan Singer has roughly made $0.00~$0.00 US dollars on Youtube already . Its the decision making that matters. Chris is responsible for the development oversight, lease-up execution, and operational and financial performance of the firms multifamily properties across Nashville and the state of Texas. Michael Episcope: I think its not that we believe in timing the market. He Graduated DePaul University with a Bachelors of Science in Accountancy. Before joining Origin in 2022, Michelle previously worked at Sovereign Brands, a wine & spirits company. Michael Episcope: Well, we bought it at very low occupancy so [overlap talk]. She is on the Young Adult Board for Horizons for Youth, a Chicago non-profit, and is a member of CREW's Network Liaison Committee. She currently resides on the near North side of Chicago, and in her free time she enjoys dropping into the occasional yoga class and lifting weights. Michael Episcope: Yeah. Theres nuances behind here but what it comes down to is this notion of alignment. Maria serves as a marketing associate at Origin, working with and supporting all marketing channel owners. Episode Highlights Trends High Net Worth investors should consider as they begin to allocate more funds to alternative investments. Rod Khleif: Just let me stop you for a second. We pulled our capital together, and we built a firm. 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. Rod Khleif: Thats the key Michael, youve added tremendous value today. We try to make it better and look at the things we do well, things that we can improve on and things, and things like that. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). Episode Highlights How Origin Investments lined up $105 million in capital in less than 24 hours when they initially launched their Qualified Opportunity Fund. Before his current role, he served as Vice President of Asset Management for Origin Investments, overseeing the firms portfolio assets. Bill is responsible for the performance of Origins multifamily projects and leads due diligence and pre-construction efforts. Two years later, she took a role as a Property Accountant at SLM Realty, LLC., where she was first exposed to the real estate industry. Preceding her most recent experience she was in the Mortgage Servicing Industry at Fay Servicing, Energy Monitoring & Consulting at Mad Dash, Inc. Photo: @Bennett Raglin Source: Getty Images Age: 52 years Priya is a licensed CPA, Certified Internal Auditor and a Chartered Accountant. In bibendum elit libero, at sollicitudin purus placerat ac. Tijana also has experience as a residential sales broker where she was able to help several first-time homebuyers and investors. Everybodys gonna look great in an interview, and this and that. What is the proper debt to equity structure? 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