Executive Vice President, Shane LaFave, was recently a guest on The Best Ever CRE (Commercial Real Estate) Show, where he shared insights into how Roers Companies acquires new developments and what it takes to thrive in today’s challenging market.
One of the key strategies highlighted by LaFave is the importance of building strong relationships. By cultivating connections with sellers and local officials, developers can gain access to off-market deals that may not be readily available to the general public. Additionally, LaFave offered tips for maximizing returns in the real estate industry. He highlighted the importance of location and long-term appeal for renters, while also warning against common mistakes like oversupply and inadequate parking. LaFave explained the process of securing funding, working with architects and contractors, partnering with investors, and overcoming the hurdles of entitlement and permitting. He also touched on the various financing options commonly used in multifamily development.
All in all, the interview with LaFave provides a valuable glimpse into the world of multifamily development. By understanding the current market conditions, building strong relationships, and employing effective strategies, developers can navigate the challenges and seize the opportunities that exist in this dynamic industry.
To hear more from Shane LaFave about his strategies for success in the multifamily development market, listen to the full podcast episode here: https://open.spotify.com/episode/7dTKWsudzl8c1K3Mn2hzaP?si=C3v0EA06RHmTlB9-bKCADg&nd=1&dlsi=4a9b828af1dd4885
