An interview-based program that dives into the investor mindset when challenges arise. We explore the decision-making process of successful real estate investors, learn about their mistakes and how you can make the right decisions to make you successful.
Episode 30: Retail Outlook & 631-Unit Multifamily Development: Building for the Demographic
If you are like me, COVID-19 has probably come up in every conversation you have had since the Pandemic spread to The United States. The effect of this pandemic has been one of the largest economic freezes to ever hit the global economy. My inner analytical self has me contemplating the effects of the freeze for not only multifamily real estate, but also other real estate asset types and how these changes could affect effect demographic preferences and multifamily investor returns. Daniel Salonis and Adam Dickert are in an excellent position to provide us with perspective from both sides of the coin. In this episode, they share their thoughts on the retail real estate outlook and the purposed design of their 631-unit multifamily development project and the incorporated factors that will attract residents to lease from them.
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Special Guests Introduction:
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Adam Dickert
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Adam was the Head of Acquisitions at a boutique private equity firm in Central New Jersey, where he was a major catalyst in pivoting them from a local Private Equity firm with less than $15 Million under management, to a well-established, regional investment group, successfully closing more than $300 Million in transactions.
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Adam began his career with Marcus & Millichap as a commercial broker, establishing relationships with some of the most successful real estate owners, operators and investment funds.
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Connect with Adam Dickert.
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Daniel Salonis
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Dan was Vice President of Investments with First National Realty Partners, a New Jersey-based real estate investment company, where he played a vital role in acquiring more than $300 Million worth of commercial real estate throughout the country.
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Dan also worked previously as an investment sales specialist with Marcus & Millichap, as well as a financial advisor with Summit Financial Resources, where he held his Series 7 license and worked with high-level Wall Street executives.
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Connect with Dan Salonis.
About Dion:
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Dion Huey is a Co-founder at Delta Bridge Capital LLC which is a multifamily real estate investment company that invests in value-add apartment communities in the United States. He earned a master's degree in finance at Northeastern University in 2017 and worked on multiple business syndications as a financial analyst for Boston-based Plateau Asset Management which is a private equity search fund that has $30 million AUM. In 2017, Dion was an analyst on a deal team that advised Citic Investment Bank's Hong Kong private equity division on the syndication of a $1.5 billion acquisition of a hotel in New York. He is currently the host of The Multifamily Investor Situation Room Podcast.
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In 2010 he co-founded Rocky Mountain Education and Technology Group which is a Beijing-based education services company that has serviced more than 5,000 clients. In his spare time, Dion enjoys reading, martial arts, lifting, and learning foreign languages. Contact the author at dion@deltabridgecap.com.