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. Between my freshman and sophomore year, I got a job on the floor of the Chicago Mercantile Exchange, and decided I loved it, and that was the start of a 16-year career there. Yeah, Im just reading Ray Dalios book, Principles, all about decision making. Michael brings 25 years of investment and risk management experience to Origin. When it all crashed and burned, there were a lot of broken ones where some of the units have been sold. Michael Episcope: Thats a little bit on the equity amount. And even more importantly to that, the debt has to match the business plan of the asset and making sure If were buying an office building, theres a risk that one of the larger tenants may vacate over the next two years, then our debt today has to be matched to the potential exit of that tenant. We need to know that theres robust job market growth in there. . Real estate's role in the Yale portfolio is to hedge against . What is the proper cap rate? Why the particular asset classes that you focused on. . Can you just give some strategy to my listeners? When I exited that area in 2005, it was really about taking the next stage, which is how do I protect and preserve, and grow my wealth, and beyond stocks and bonds. Kate joined Origin in 2021 after a tenure at Ventas, a S&P 500 company and a leading healthcare REIT. And once youve made a commitment to the fund, what happens then is that as we buy assets, we call capital. Before his current role, he served as Senior Associate of Investment Management for Origin Investments, overseeing the execution and strategy of the firms assets, as well as an Associate in the Acquisitions group where he closed over $400 million of multifamily and office assets. It feels like yesterday that See, its very different. Kyle is responsible for sourcing, structuring, and execution of new acquisitions across Nashville and Central Florida. So thats been great. I mean, these are Rod, youre really experienced in this area as well, but these are little mini companies that you have. Youve done several funds. Theyre truly a trillion dollar funds these days; in the stock market, that is. At Ventas Kate was responsible for business transformation and M&A integration and was a key player in the divestiture of Care Capital Partners as a standalone publicly-traded REIT in 2015. Michaels done pushing a billion dollars worth of transactions, with a B. Katina is a Senior Associate on the Investor Relations team. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. Originally from Wisconsin, he is an avid Green Bay Packers and Wisconsin Badgers fan. At AlterDomus, Garrett provided portfolio administration and cash management services for several credit fund portfolios. During the unpredictable Chicago winters, she tries to stay active and has found skiing and skating in the park to be her favorite wintertime activities. How you got to this incredible success that youre at right now? 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. Michael Episcope: I think thats where a lot of people make the mistake, its looking at, and comparing returns to one another. He has been a Vistage member for more than six years and lives in Chicago with his wife and three children. 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. Intrigued by countries and cultures, she enjoys traveling, live music and spending time with friends. Rod Khleif: Yeah, I mean thats why the index funds are the largest on the planet. She is instrumental in executing marketing campaigns to drive new investors for our private real estate funds. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Before joining Origin Investments in 2015, Marc served as Vice President of Asset Strategy at Lightstone, a New York investment firm with $2 billion of assets under management. Rod Khleif: Those that dont know what hes talking about here, back when things were going fast and loose in 05, 06, 07, a lot of apartment owners were condo-mizing those apartment complexes and selling them off one at a time. He was raised in well-settled family background. I think being an investor at the firm, and a manager, and a principal, puts me and my partner, in a very unique position. Got it. Earlier in his career, he worked the Associate General Counsel and Assistant Secretary at APAC Customer Services. Theyre fairly sophisticated but Id like you to break down why you like a fund versus individual syndications for specific properties. Tom joined Origin Investments in early 2011 and is responsible for sourcing multifamily investments across the Western United States. Brilliant strategy. He also worked at MSNBC and NBC News. Michael Episcope: Yeah. Michael Episcope: Potentially, yeah, if it were an individual asset thats not the strategy. He was involved in the underwriting, assessment, management and liquidation of commercial real estate and recommendation of resolution strategies for non-performing loans. Michael Episcope: Yeah. Reputation Score: 2.59 - 3.76. He currently resides in the Lincoln Park neighborhood of Chicago and in his spare time enjoys golfing, skiing, and spending time at the lake in the summer. Jonathan is an Assistant Vice President of Investor Relations at Origin Investments where he is responsible for fundraising and business development activities associated with the firms Private Real Estate offerings. Its certainly not as easy today as it was a couple of years ago when the capital had so much more leverage. 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. He worked closely with the Acquisitions team to build the foundation of Origin Multilytics. Right? Thank you. Victoria graduated from St. Olaf College where she received a Bachelor of Arts in Economics with an emphasis in Finance. If it wasnt for that, I dont think that I would have started Origin. We dont have any acquisition fees in our fund. The video has had 9.6K views so far. She is an avid reader, traveler and concert-goer. Thats not what happened here; what happened here was that he was an individual syndicator without a lot of money of his own. He also assembles . Youre pretty much locked in to that structure. Origin builds, buys, and lends to class A multifamily real estate in tax and . Prior to joining Origin Investments, Michael was the Vice President and Senior Associate General Counsel at General Growth Properties, a $3 billion publicly-traded REIT. In his free time, he enjoys spending time at the lakefront, trying new foods, and traveling. Prior to joining Origin, Priya was the controller of a privately financed real estate development company where she managed a team of accountants, and was responsible for building and managing accounting systems, internal controls and overseeing the financial reporting and operations of the firm. So Im a big boy, the markets went south, and I can handle losing money. Tommy graduated from Northwestern University in 2018 with a Bachelor Communications and Business Institutions. By the time the partners closed a $151 million fund raised from 450 investors last June, they'd transformed the company into something different: a real estate private equity fund that uses crowdfunding-like tactics to raise money from family offices and high-net-worth individuals. It peaked at #3 on The New York Times Best Seller list. Looking for ways to turn your high income into a high net worth? My experience in real estate actually extends back to kinda when I was 11, 12, 13, working for my grandfather in the summers. While at Ventas she led the transformation and scaling of FP&A, corporate risk, legal, accounting, treasury, and property management functions. 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. Any investments will only be made with proper disclosure and subscription documentation, and subject to all applicable laws. Thank you for listening to the Lifetime Cash Flow Through Real Estate Investing Podcast. Ryan serves as a Data Scientist here at Origin Investments. She. . Thats a big clue guys. 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 just wrote an article on this. Michael is admitted to the Illinois Bar and the Northern District of Illinois. And thats exactly what were talking about here. Michael Episcope: Where I kick myself, as I look back, is I cant believe I didnt do more due diligence, and invested with this guy. Frank McKinney: Real Estate Artist, 5-time International Bestselling Author, superhero meets Robin Hood, Philanthro-Capitalist, Ultramarathoner, Actor, and Visionary who sees opportunities and creates markets where none existed before. It wasnt rent raise, it was just your Yeah. Garrett received a Bachelor of Arts with a major in Economics from Indiana University. 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. Her net worth is an estimated $500,000, according to ScreenRant. 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. They had a matrix. We have lots of information about Edsel: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Other. And then within those submarkets, we focus more on the high-income demographic areas. Priya is a licensed CPA, Certified Internal Auditor and a Chartered Accountant. Youre hiring us to build your portfolio. Photo: @Bennett Raglin Source: Getty Images Age: 52 years Finishing his Master of Accountancy (Also from MSU) in 2020. Michael brings 25 years of investment and risk management experience to the company and believes that calculat. On March 21, 2017, Michael launched his YouTube channel with the video "It's SO HARD being a WHITE person.". Melissa leads a team focused on growing our high-net-worth investor base through various marketing efforts. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). We had to cut people back and limit the amount they could invest, because what were trying to do is build goodwill with a stable group of investors at that time. 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 Episcope: Yeah, management of cash flow. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your, MMXXII K L Promotions, LLC All Rights Reserved. We got this thing for a song. . Those of you that are doing your own syndications, do not short-circuit that process. She strives to discover the finest solutions to all design problems. 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. Of course, the timing was terrible, you couldnt have timed it that worse than 06 but you didnt look at the operator close enough, so thats a lesson. Her career at Morningstar began as a marketing associate for the companys most widely-used financial advisor software system and, prior to that, she worked in marketing at Merrill Lynch Capital. Chris lives in the 12South neighborhood of Nashville and is involved with citys Young Leaders Council. He is a go-to as it relates to individual investing from the likes of Forbes and Huffington Post, a frequent speaker on the circuit. A year later, we started our first fund, if you will, and all of those investors came onto that fund [overlap talk]. Michael Episcope: Yeah. Interesting. I think that the smart investor is one who is humble and understands what he knows, and what he doesnt. Within her years of real estate Executive assistant experience, she helped maintain communication with all parties. Webinar today at 11AM CT: Join Origin Co-CEO Michael Episcope and Managing Director of Acquisitions Dave Welk for our IncomePlus Fund webinar. 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. Spencer is responsible for underwriting prospective commercial real estate investments across all of our target markets. 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. Cardone currently owns more than 4,000 multifamily units with a current portfolio value of $350,000,000. Present portfolios valued over almost a half a billion dollars, or more than a half a billion. In his free time, he enjoys golfing, playing hockey, and making music. Its in a fund, so never mind. There he coordinated, deployed, and measured lead-generating campaigns and promotions that led to YoY growth in core markets. Fund will charge committed capital fees. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your Safest And Most Profitable Real Estate Opportunities. Bill lives in Andersonville. 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. Michael Episcope: Yeah. Michael Episcope: Yes, we got together in 07, and in the beginning, in the first two years, it was all our own capital. Find Michael Episcope's email address, contact information, LinkedIn, Twitter, other social media and more. They will be clamoring to give you money, and to tell all their friends to give you money. Seasons: 7, 9, 12, 17, 19, 22. Rod Khleif: Right. They had never been touched since the early 80s. She was responsible for reporting segregated funds to the CME, managing account holders funds, & overseeing accounts payable for the organization. Why real estate? We had a deal that we kind of We ended up buying a distressed pool of debt from a bank and it was one of these crazy days when the market was down 800 points, and you know, everything was down. Prior to Origin Investments, he completed the Risk Management Leadership Program at GE Capital. Its very unusual. Advertisement In his will, MJ left 40 per cent of his assets to his three children, to be split equally. He received his Bachelor degree in Finance from The University of Connecticut. Thats anywhere between 1.5% and 3% on one time. Geoff joined Origin in the spring of 2021 after spending two years at Centro, an advertising technology firm headquartered in Chicago. Of real estate & # x27 ; s email address, contact information, LinkedIn, Twitter, other media... 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