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The Family that Transformed Fort Lauderdale - Dev Motwani - Managing Partner of Merrimac Ventures [Replay]
Manage episode 430461667 series 3560640
Jake Wurzak에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Jake Wurzak 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Dev Motwani serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale-based real estate firm focusing on value-added investment and development opportunities. Property types owned and operated include hotels, condos, retail, office, and rental apartments primarily in South Florida but also throughout the United States.
On this episode, Jake and Dev discuss:
- Growing up in the family hotel business
- How to build successful partnerships
- Creating long-term investment structures
Links:
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo
Topics:
(00:00:00) - Intro
(00:02:00) - Dev’s upbringing and career in real estate and hospitality
(00:12:46) - Mentorship
(00:16:42) - Meeting Donald Trump
(00:19:10) - Acquiring a full city block of real estate
(00:21:24) - What asset classes were you working on outside of hotels early on in your career?
(00:24:19) - How did you raise capital on your first deal?
(00:28:15) - Key characteristics of land sites that make it work
(00:32:34) - Working with LPs
(00:37:01) - How are you structuring deals?
(00:39:35) - How are you unlocking liquidity as you begin working with family offices and high-net-worth individuals?
(00:41:39) - What are some of the mistakes you’ve made buying land?
(00:48:23) - How are you considering investing in other parts of FL?
(00:51:01) - Going into the Telluride market
(00:58:52) - Condo economics
(01:07:35) -Thoughts on shadow STRs
(01:10:28) - How to deal with challenging partnerships
(01:12:53) - What’s your favorite hotel?
87 에피소드
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