Were very good at managing our contingent liabilities, looking at risk in individual asset level than the portfolio level as well. I said, Oh my god, this looks like a homerun. And you dont know what you dont know, and at that time, I didnt have a tremendous amount of real estate experience. Michael Episcope: Yeah But again, when I talk about some of the things that we were tweaking to fund for, as we look at the world, this could potentially be an asset that we would hold much longer term. One of his breakout roles came in 1982 when he began portraying Alex P. Keaton on Family Ties. Victoria graduated from St. Olaf College where she received a Bachelor of Arts in Economics with an emphasis in Finance. They will be clamoring to give you money, and to tell all their friends to give you money. - 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 - Prior to joining Origin in 2020, Jonathan worked at Lakeside Bank where he provided financing solutions for commercial real estate projects throughout Chicago. 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. (No Ratings Yet) Jennifer went to Bradley University in Peoria, IL. We think were positioned for more growth in the future out in Naperville. Before joining Origin, he was the Digital Marketing Manager at Evolve Healthcare Marketing, which partnered with the nations leading private equity-backed healthcare businesses. Prior to Origin Investments, he completed the Risk Management Leadership Program at GE Capital. Its really Its everything we look for but its a good quality asset. We dont have any debt placement fees. Preston recently joined our acquisitions team as an Analyst. What are the eight markets that youre in? Its in a fund, so never mind. How about some seminars, or times you got your nose bloodied, or learning experiences? Michael Episcope: Yeah. 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. 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. "I can accept failure, everyone fails at something. Bills experience includes a variety of product types, such as high-density wood frame and high-rise concrete products in markets throughout the country, such as Boston, Southern California, South Florida, the Mid-Atlantic, and the Midwest. Rod Khleif: Let me ask you this, you find an A-minus asset, or a B-plus asset, its not like the heavy reposition that you would do on a C-asset where youre going in and completely redoing the interior and all that. Its a big component of what we do today. . Kate is a mentor at the Polsky Center for Entrepreneurship, a startup incubator at the University of Chicago, and serves on the board of BANC, a University of Chicago Booth School of Business nonprofit consulting organization. We got this thing for a song. North Hills, CA. Of course, youre absolutely fixing these units up to sell them as condos. Check out this great listen on Audible.com. Justin joined Origin in October of 2022 as an Investor Relations Generalist. He currently resides in the Lincoln Park neighborhood of Chicago and enjoys traveling, cooking, and spending time with family & friends. RELATED: 15 Times Seinfeld Was Hilariously Accurate About Life Christopher Joined Origin in September of 2022 as a Senior Accounting Associate. Thank you. Its very unusual. I believe that value add is a way to protect yourself from future downturns. Is it just bad real estate? He loves cheering on the Wisconsin Badgers and is passionate about all things automotive. Theres nuances behind here but what it comes down to is this notion of alignment. 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. Yeah, and it was our second asset in Naperville. Parking revenue was a big one there Just fixing everything that weve identified from day one. There he led operations with his 11-years of experience in leasing & marketing, value-add construction management, property management technology, and training. Once you figure out how much money Michael Alan Singer is making everyday, it is much easier to estimate Michael Alan Singer's Youtube net worth! He currently resides in the Knox Henderson neighborhood of Dallas and is originally from Ohio. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). 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. 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. At AlterDomus, Garrett provided portfolio administration and cash management services for several credit fund portfolios. I went to DePaul University as an undergrad. Prior to Origin, David served as company president for a privately financed hedge fund. I mean, theyre yours; they are your rabid fans. 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 is the Principal and Co-Founder of Origin Investments, a private equity real estate firm that serves high net worth individuals, family offices, and wealth management firms. 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. Total assets under management, $2 billion. 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. He primarily oversees investor relations, marketing, and company operations. Well its a combination of renovating units, raising rents, tapping in some of the other ancillary revenues. 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. At Evolve, he led the strategy, execution, and analysis of multi-channel, lead-generating campaigns for more than 30 clients across specialties. Prior to joining the Origin team in November of 2021, she worked as a Real Estate Executive Assistant/Office Manager at Realty Of Chicago. Jimmy received his Bachelor of Arts Degree in Business from the University at Buffalo. Suyen Fernandez is part of the Investor Relations team at Origin Investments where she is responsible for capital raising and maintaining relationships with Registered Investment Advisors and Institutional clients. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. He is a member of the Atlanta Apartment Association, a Certified Apartment Portfolio Supervisor, and Certified Apartment Manager. In 2018 he graduated from Marquette University with a degree in Commercial Real Estate. Note that Michael Episcope frequently shares his knowledge with all individual investors on Origin's blogs and Forbes. Michael Episcope: Well, we bought it at very low occupancy so [overlap talk]. This was fantastic. I always look at the decision that was madewhy did you get into the deal? I was a multifamily development, wasnt the greatest time, it was in 06. He's a great guy based in Chicago who started this company in 2007 after quite a successful year as a trader. You need to shoot with a rifle, instead of a shotgun. Because sounds to me like that might be an asset that youd wanna keep, if it werent in that scenario. 242 S. Washington Blvd Suite 319Sarasota, FL 34236. Net Worth: $6.5 Billion This college dropout and World War II Veteran was working for St. Louis Cadillac when he had his billion dollar idea. In her current role, Priya oversees Origins fund and corporate-level financial operations, executes year-end audits, interfaces with the tax team, tracks corporate performance, and manages reporting requirements of lenders, general partners and other stakeholders. Michael Episcope: In our fund, we charge a 1.5% annual management fee on committed capital that ultimately reverts to invested capital. The point is, in a fund, you make that one choice of who do you want to invest with, whats their strategy, so you have one point of due diligence. Prior to joining Origin, Bill orchestrated due diligence, entitlements, pre-construction, self-perform construction, and owners representative duties at Core Spaces and Gables Residential. We actually just acquired an asset. And he actually did. He and his partner started the company to invest their own capital into real estate. Click the play button below to listen to my conversation with Michael. Michael Jordan's net worth is $2.2 billion. During her time at White & Case, she represented institutional capital sources and developers in connection with acquisitions, dispositions, financings, leasing, and development of various classes of real property, including multifamily, office, retail, hotels, senior housing, mixed-use projects, and vacant land. His investment philosophy is rooted in risk management and value creation, and he's been an active real estate investor for more than 15 years. He put on a new roof. I love it. Christopher enjoys playing basketball, board games and video games. Prior to joining Origin, Vince worked at Duff & Phelps where he conducted business enterprise and intellectual property valuations for use in the corporate acquisition process. Her responsibilities include producing and publishing a broad range of content to inform and educate Origin's investor community. "We believe that investors deserve the most talented and disciplined team to actively manage their real estate investing portfolio. 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 . Jimmy serves as an accounting associate here at Origin Investments. Whether you're a first-time or seasoned investor, you've probably heard your peers discuss some of the great deals they've made by investing in distressed real In many ways, we found a deal that really spoke for itself, and we gave it a way, and it was a great market [overlap talk]. Michael Episcope: Nobodys gonna buy it. Well have that for probably another four years. Before joining Origin in 2022, Michelle previously worked at Sovereign Brands, a wine & spirits company. Taking into account various assets, Michael's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Dr. Dahle's conversation with Origin Investments about what all high-income earners need to consider when investing to grow their net worth.The White Coat In. I think that the smart investor is one who is humble and understands what he knows, and what he doesnt. She strives to discover the finest solutions to all design problems. Kevin resides in Charlottesville, VA, where he enjoys golf, traveling, and cheering on DC sports. The additional shot of funds from these investors helped complete deals that otherwise may not have happened, Landes added. 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. Thats a brilliant strategy, Michael. Michael Episcope: Well, in our vehicle, what we do is we have a one time upfront fee that basically covers our technology, our funds syndication costs, our marketing, everything. I mean, for the quality of that management [overlap talk]. Its the decision making that matters. The other thing that I learned is that its a heck of a lot more complex than what people realize. Michael Episcope unpacks opportunity zone investing misconceptions and explores the potential benefits of adding alternative assets to a portfolio. Michael also worked at Corporate Express as their Assistant General Counsel. Michael Episcope: While in a fund structure, if you have one deal that needs capital and the other deal is doing very well and spewing off cash flow, all of that cash flow rolls up to the fund. Currently, he is pursuing a Masters in Real Estate from DePaul's Kellstadt Graduate School of Business, and will be graduating in the Fall of 2022. It was in the late 90s, early 2000s that I began passive investing. Youre pretty much locked in to that structure. Why funds vs syndications If fund for, look for changes coming up in that strategy, and more of a hybrid evergreen to buy-fix-sell to more of a buy-fix-hold. Now, that money can be spread across 15 to 20 deals over asset class because we do multifamily and office by geography, cause were in eight different cities around the United States. Image: Trae Patton/NBC. In that role, Dan facilitated the internal and external movements of custodial accounts to other IRA custodians. Rod Khleif: But you realize the long-term value of blowing these investors minds with these incredible returns. 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. 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. Anthony was born to Michael Volpe and Isabella Volpe on April 28, 2001. Currently, he is pursuing a Masters in Information and Data Science at the University of California, Berkeley. Click the play button above to listen to our conversation. Michael Episcope: When an investor commits to a fund, they start paying fees on their entire commitment on the day they commit. Tommy is an Associate on the Investor Relations team whose responsibilities include serving the needs of our individual investment partners both before and after the investment process. He is a member of the Urban Land Institute. Michael and his husband have been residents of the city of Chicago for over twenty-five years. It was a phenomenal time, a great experience. Maybe youre putting in washers and dryers. I went to school in Chicago. Beautiful B-plus asset, early 80s vintage, owned by the same individual who built it, his children managed the property, which thats something thats unique and they [overlap talk], Rod Khleif: Okay. Prior to Evolve, he was the Marketing Specialist at Cappex.com, which connects high school students to colleges and universities. Regina received her Bachelors in Accounting from the University of Illinois at Chicago. You think you know what youre doing so you get comfortable or lackadaisical, and you dont keep your eye on the ball, and boom! Her current net worth is $8 million. . And again, we feel that that is an institutional pricing standard in the business. Investors who are locked into real estate assets are spared from the temptation of panic selling that ruins so many stock portfolios. In her free time, she enjoys spending time with her family, traveling, and trying new restaurants. Preqin , an industry leader that tracks performance of private equity fund managers, ranked these two funds in the top quartile as of June 2016. Rod Khleif: Awesome. Michael Episcope: Its a capital commitment fee. 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. Finishing his Master of Accountancy (Also from MSU) in 2020. Interesting. 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. He Graduated DePaul University with a Bachelors of Science in Accountancy. And thats exactly what were talking about here. So Im a big boy, the markets went south, and I can handle losing money. Youre hiring us to build your portfolio. He paved the parking lot. Rod Khleif: People from your trading background. There he coordinated, deployed, and measured lead-generating campaigns and promotions that led to YoY growth in core markets. Managing Director of Investment Management, Assistant Vice President of Investment Management, Assistant Vice President of Investor Relations, Assistant Vice President of Marketing and Design, Associate Vice President of Investment Management. What were the decisions? Jennifer serves as Office Manager and Executive Assistant to the Co-CEOs Michael and David. Melissa leads a team focused on growing our high-net-worth investor base through various marketing efforts. We just dont believe that so as weve seen this rent gap between urban and suburban just widen, one of our thesis is that we wanna be in suburban multifamily, so when this swings, and these Millennials start moving out there that we can position ourselves for that. Michael Episcope: I used to spend my summers with him, and I really. We started out in a much different position as most managers, where we were investing our own capital. While there, he completed the banks Leadership Development Program and was promoted to commercial banking officer, responsible for the development of new business relationships and the management of credit risk within a roughly $100 million loan portfolio consisting of both revolving industrial debt and real estate term facilities. He is an accomplished French horn player, contemporary art collector and competitive recreational cyclist. Prior to joining Origin Investments, he underwrote and transacted commercial real estate investments at Equity Office Properties. Prior to joining Origin, Gina worked for some of the leading luxury hotel brands, including the Peninsula Chicago and Fairmont Grand Del Mar, San Diego. 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. I think that the risk is exponential when you start managing other peoples money. Origin builds, buys and lends to class A multifamily real estate, in a tax and climate-friendly state. Barbara is the content strategist in Origins marketing department. Michael Episcope: I think thats where a lot of people make the mistake, its looking at, and comparing returns to one another. Garrett moved to Chicago 2 years ago and lives in the Lakeview community. Kyle is responsible for sourcing, structuring, and execution of new acquisitions across Nashville and Central Florida. Origin is not only when youre sitting there and youre a principal, and you have so much of your money invested. David earned his undergraduate degree from Harvard University and his MBA from the University of Chicago. It was the right thing to do at the time. Michael has an estimated net worth of $65 million, according to Celebrity Net Worth. 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]. Prior to joining Origin Investments in 2017, Chris served in various roles with NorthMarq Capitals loan production and loan servicing offices located in Chicago and Minneapolis. 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