Uncorrelated Minds

Summary: In this episode, Kevin Kaylakie speaks with Chad Braun, the managing partner and co-founder of Fifth Corner. Chad shares his incredible professional journey and how the Irreplaceable Corners TM approach differentiates them in the real estate space. Kevin and Chad discuss: * How a company’s core values, and strategy can impact not just investors, but entire communities. * There are some negative leverage real estate deals, but is that the best strategy if you want a positive cash flow. * What is the real estate future forecast, are we expecting another real estate cycle like in the 80s. * How Fifth Corner created a functional rent structure that is not directly affected by increasing property taxes. * And more… Connect With Chad Braun: * Chad Braun on LinkedIn [https://www.linkedin.com/in/chad-braun-98762a12/] * Fifth Corner [https://fifthcorner.com/] Connect With SineCera Capital: * Email: Kevin Kaylakie [kevin@sineceracapital.com] * Email: Connee Sullivan [connee@sineceracapital.com] * Email: Adam Packer [adam@sineceracapital.com] * Contact SineCera Capital [https://www.sineceracapital.com/contact-us-1] * (512) 980-4600 * SineCera Capital [https://www.sineceracapital.com/] * LinkedIn: Kevin Kaylakie [https://www.linkedin.com/in/kevinkaylakie/] * LinkedIn: Connee Sullivan [https://www.linkedin.com/in/conneebsullivan/] * LinkedIn: Adam Packer [https://www.linkedin.com/in/adamjpacker/] About Our Guest: Chad started his career with Kenneth Leventhal & Co in their real estate advisory practice and has spent the past 24 years exclusively working in the commercial real estate business. He helped grow AmREIT (NYSE:AMRE) from $50 million to over $1 billion in assets when it sold to EDENS in February 2015. As CFO and COO, he was responsible for all aspects of capital formation, accounting and reporting, asset management, investor relations and human resources.

In this episode, Kevin Kaylakie speaks with David Steinwedell, founder and CEO of Affordable Central Texas. They provide a brief overview of a private sector solution to a current problem in Austin and other Texas cities, affordable housing. Kevin and David discuss: * How a private market solution can be both beneficial to investors and ESG. * The difference between Capital A Affordable housing and Attainable housing. * The 3 benefits of a fund managed by a nonprofit: transparency, substantial affordability and stability. * The current rate environment leading to a period of price discovery in the real estate market. * How does affordable housing operate. * And more Connect With Henry Yoshida: * Austin Housing Conservancy [https://www.austinhousingconservancy.com/] * Affordable Central Texas [https://www.linkedin.com/company/affordable-central-texas/] * LinkedIn: David Steinwedell [https://www.linkedin.com/in/davidsteinwedell/] Connect With SineCera Capital: * Email: Kevin Kaylakie [kevin@sineceracapital.com] * Email: Connee Sullivan [connee@sineceracapital.com] * Email: Adam Packer [adam@sineceracapital.com] * Contact SineCera Capital [https://www.sineceracapital.com/contact-us-1] * (512) 980-4600 * SineCera Capital [https://www.sineceracapital.com/] * LinkedIn: Kevin Kaylakie [https://www.linkedin.com/in/kevinkaylakie/] * LinkedIn: Connee Sullivan [https://www.linkedin.com/in/conneebsullivan/] * LinkedIn: Adam Packer [https://www.linkedin.com/in/adamjpacker/] About Our Guest: David Steinwedell, a 34-year veteran in real estate and investment and an 11-year Austinite, applies the best practices of private equity and asset management to the city’s moderate- and middle-income affordability challenges. David has worked at fund advisers, REITs and real estate investment banks, and has led teams in acquisitions, asset management, and debt and property management. He has been involved in over $15 billion in financial transactions across several REITs and high-net-worth investment funds, and was the executive director of the Urban Land Institute-Austin for four years until transitioning full time to his current role as president and CEO of Affordable Central Texas. His experience across all property types and various investment vehicles provides the background to make flexible investments and create innovative transaction structures to address Austin’s rapidly changing marketplace. David is a graduate of Hamilton College and has served on the boards of NAREIM, ULI – Austin and Atlanta, and the Tritt Foundation. He and his wife, Patty, reside in Austin and have three grown children.

Kevin and David discuss: * Investing in Value-Add versus Core-Plus investments and risk adjusted returns. * Leverage and risk. To have negative leverage or to be overleveraged? * Real estate as an asset appreciation, wealth preservation, and cash flowing product. * How to execute a Value-Add investment strategy. * The future of real estate and real estate investing. * Comparing multi-family and single-family space offerings. * And more… Connect With David Wylie: * David Wylie on LinkedIn [https://www.linkedin.com/in/david-wylie-465674104/] * Hilltop Residential [https://www.livehilltop.com/] Connect With SineCera Capital: * Email: Kevin Kaylakie [kevin@sineceracapital.com] * Email: Connee Sullivan [connee@sineceracapital.com] * Email: Adam Packer [adam@sineceracapital.com] * Contact SineCera Capital [https://www.sineceracapital.com/contact-us-1] * (512) 980-4600 * SineCera Capital [https://www.sineceracapital.com/] * LinkedIn: Kevin Kaylakie [https://www.linkedin.com/in/kevinkaylakie/] * LinkedIn: Connee Sullivan [https://www.linkedin.com/in/conneebsullivan/] * LinkedIn: Adam Packer [https://www.linkedin.com/in/adamjpacker/] About Our Guest: David is the Founder & Managing Partner of Hilltop Residential. David has been in the multifamily investment business since 2000, having received national recognition for his performance in the apartment market across Texas and the United States. During his 21 years in the industry, David has been involved in over $15 billion of multifamily transactions. David’s deep relationships in the industry, as well as his extensive experience in identifying investment opportunities, are integral pieces to the Hilltop team. David attended The University of Texas where he studied business and Spanish and spent two semesters in Argentina developing his Spanish language communication skills and furthering his education. He is actively involved at Second Baptist Church, is an active member of NMHC (National Multifamily Housing Council),ULI (Urban Land Institute), and serves on the Regional Advisory Council with Apartment Life.

In this episode, Kevin Kaylakie speaks with Christopher Holtby, Co-Founder and Head of Learning & Business Development of Wealth Advisors Trust Company. Kevin and Christopher discuss: * Removal and appointment of Trustees * Trust Law and the Trust Task Force in South Dakota * 4 Reasons to choose South Dakota Trust Jurisdiction * How do Directed Trusts and Delegated Trusts Work * What to keep in mind when appointing a Trustee * And more… Connect With Christopher Holtby: * Wealth Advisors Trust Company [https://www.wealthadvisorstrust.com/] * LinkedIn: Christopher Holtby [https://www.linkedin.com/in/christopherholtby/] Connect With SineCera Capital: * Email: Kevin Kaylakie [kevin@sineceracapital.com] * Email: Connee Sullivan [connee@sineceracapital.com] * Email: Adam Packer [adam@sineceracapital.com] * Contact SineCera Capital [https://www.sineceracapital.com/contact-us-1] * (512) 980-4600 * SineCera Capital [https://www.sineceracapital.com/] * LinkedIn: Kevin Kaylakie [https://www.linkedin.com/in/kevinkaylakie/] * LinkedIn: Connee Sullivan [https://www.linkedin.com/in/conneebsullivan/] * LinkedIn: Adam Packer [https://www.linkedin.com/in/adamjpacker/] About Our Guest: At Wealth Advisors Trust Company, Christopher applies his business building, love of learning, operational, and wealth management expertise gained at Ernst & Young.  His role includes learning and facilitating knowledge around the trustee industry to assist those in choosing a  trust company. Christopher has co-authored two white papers, Directed Trusts Made Simple and the Trusteed IRA, and authored one published peer-reviewed paper, An Advisors Roadmap to the Trustee Industry.  From the operational side, Christopher created the trust administration process within SalesForce. He and his family are clients of the trust company as well. Christopher grew up in Toronto, Canada, graduated from the University of Arizona receiving a BA in Psychology with an emphasis on statistics and a minor in English Literature. He lives in Dallas with his wife and three sons and enjoys skiing, mountain biking, hiking, reading history, and watching and participating in sports with his sons.

In this episode, Kevin Kaylakie speaks with John Anderson, Chief Financial Officer at 35South Capital. Kevin and John discuss: * Core plus real estate assets. * 35South Capital and the closing of their fund. * Negative leverage in commercial real estate. * Value-add in real estate and 35South Capital’s approach. * Real Estate Investment in the Texas Triangle. * And more… Connect With John Anderson: * 35South Capital [https://www.35southcapital.com/] * LinkedIn: John Anderson [https://www.linkedin.com/in/johnnealanderson] Connect With SineCera Capital: * Email: Kevin Kaylakie [kevin@sineceracapital.com] * Email: Connee Sullivan [connee@sineceracapital.com] * Email: Adam Packer [adam@sineceracapital.com] * Contact SineCera Capital [https://www.sineceracapital.com/contact-us-1] * (512) 980-4600 * SineCera Capital [https://www.sineceracapital.com/] * LinkedIn: Kevin Kaylakie [https://www.linkedin.com/in/kevinkaylakie/] * LinkedIn: Connee Sullivan [https://www.linkedin.com/in/conneebsullivan/] * LinkedIn: Adam Packer [https://www.linkedin.com/in/adamjpacker/] About Our Guest: John Anderson serves as Chief Financial Officer, is a member of the Investment Committee and brings over 25 years of experience to the team. Prior to founding 35 South Capital, Mr. Anderson co-founded CJN Investments, a boutique private equity firm that invests in local businesses and real estate in the greater Houston area and throughout the state of Texas. Prior to CJN, he was the Regional Director of Development for Weingarten Realty. Mr. Anderson also previously worked at Pelican Builders, AmReit, Fairfield Residential and the Archon Group (a subsidiary of Goldman Sachs). John graduated from Baylor University with a BBA is Business Management and an MBA from The University of Texas at Austin, specializing in Real Estate and Investments.