Where to find opportunity in the current market with Peter Richter | Know your why #287

EPISODE SUMMARY:

Join us as Peter Richter, from InterWest Capital, shares his fascinating journey from leasing agent to a key player in capital markets and investor relations. Listen in as Peter reveals how his property management roots have enriched his understanding of investor communication and strategy execution. He underscores the pivotal role of grasping tenant preferences in executing value-add strategies and the art of tailoring investment decks to resonate with various investor profiles.

As we explore the synergy between asset management and investor relations, I reflect on my time at Davlin Investments where I bridged these roles, leveraging my knack for communication to articulate property narratives. Peter and I discuss InterWest's opportunistic yet discerning investment philosophy, highlighting our forays into multifamily assets and our agility to embrace opportunities in diverse asset classes. The conversation sheds light on the intricacies of strategic development and the concept of restored core investments, providing a rich tapestry of insights for both seasoned and budding investors.

We round out the conversation by tackling the real estate landscape's challenges, from the local market idiosyncrasies to broader economic shifts, and the significance of adaptability and problem-solving in asset management. Peter also opens up about his passion for mead-making, drawing parallels between the patience required for perfecting mead recipes and mastering real estate ventures. His parting advice to newcomers in the industry emphasizes the value of niche expertise and the apprenticeship model for learning the ropes. Whether you're a real estate aficionado or just curious about the intricacies of the field, this episode offers a wealth of knowledge and inspiration.

PETER'S BIO:

Mr. Richter provides strategic direction on matters affecting investor communication, capital markets, equity placement and functions as a liaison to new investors. Prior to joining Interwest Capital, Mr. Richter served as the Director of Investor Relations and Asset Management at Davlyn Investments where he oversaw the placement of over $85 million in equity as well as spearheaded the implementation of portfolio wide ESG initiatives. Before Davlyn, Mr. Richter spent his entire professional career learning the intricacies of the multifamily management and investment industry from the ground up working for national operators such as Holland Residential and Pinnacle International and UDR, one of the nation’s largest REITs where he oversaw their San Diego portfolio which consists of both mid-rise and high-rise, class A apartments.

GET IN TOUCH WITH PETER :

https://interwestcapital.com/our_team/peter-richter/

www.linkedin.com/in/peter-richter-84081382/

EPISODE CHAPTERS:

(0:00:00) - Property and Asset Manager Roles Peter Richter shares insights on asset management, tenant preferences, and market fundamentals in capital markets and investor relations.

(0:11:24) - Asset Management and Investment Strategies Effective communication is crucial for relaying property status to investors, while InterWest targets smile states and diversifies with hotels and development.

(0:28:08) - Real Estate Challenges and Personal Motivation Nature's challenges in real estate asset management: understanding local markets, creative problem-solving, and enhancing returns for stakeholders.

(0:35:57) - Exploring Real Estate and Mead Making Nature's mead-making and real estate advice, including niche focus, research, and apprenticeship opportunities for young professionals.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/