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Building a Vertically Integrated Housing Company with $2bn AUM - Casey Lynch, CEO of Roundhouse [Replay]

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Manage episode 420855674 series 3560640
Content provided by Jake Wurzak. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jake Wurzak or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Roundhouse is a fully integrated developer and operator of multifamily housing. Starting with a single condominium purchased amidst the financial crisis in 2009, we have since developed and acquired a portfolio of over 5,000 multifamily homes.

Today, Roundhouse focuses exclusively on providing high-quality housing options in emerging cities across the Western United States. In order to deliver superior experiences to our employees and residents we have built a fully integrated service offering that spans the construction, property management, and design disciplines.

On this episode, Jake & Casey discuss:

  • Learning to structure long-term horizon deals
  • Avoiding competing with institutional capital
  • Structuring deals for acquisitions vs. developments
  • The advantages of being vertically integrated -
  • Casey's 6-month sabbatical and how to have your company be successful without you

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

Links:

Roundhouse: https://rndhouse.com/

Casey on Twitter: https://twitter.com/roundhouse208

Topics:

(00:02:18) Casey’s RE Career in Southern California

(00:11:40) The decision to pivot out of LA

(00:15:54) Learning to structure long-term horizon deals

(00:18:41) How do you avoid competing with institutional capital?

(00:22:04) How have you figured out how to raise enough capital without going to someone with deeper pockets?

(00:24:41) How do you structure deals when they are acquisitions vs. developments?

(00:31:08) How often are you refinancing in order to return capital?

(00:35:48) How do you think about Capex in multifamily over long hold periods?

(00:43:38) How are you differentiating your high-end products?

(00:47:00) What are the advantages of being vertically integrated?

(00:50:59) What does enterprise value mean to you?

(00:57:53) Are you at a point where the team can raise capital without you?

(01:02:28) What was the scenario that led to you buying out your partner?

(01:07:51) How do you ensure leadership values are being replicated across the business?

(01:11:29) What was the biggest insight you gained from your 6-month sabbatical

(01:19:44) Casey’s emphasis on design

(01:22:18) What is your favorite hotel?

  continue reading

72 episodes

Artwork
iconShare
 
Manage episode 420855674 series 3560640
Content provided by Jake Wurzak. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jake Wurzak or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Roundhouse is a fully integrated developer and operator of multifamily housing. Starting with a single condominium purchased amidst the financial crisis in 2009, we have since developed and acquired a portfolio of over 5,000 multifamily homes.

Today, Roundhouse focuses exclusively on providing high-quality housing options in emerging cities across the Western United States. In order to deliver superior experiences to our employees and residents we have built a fully integrated service offering that spans the construction, property management, and design disciplines.

On this episode, Jake & Casey discuss:

  • Learning to structure long-term horizon deals
  • Avoiding competing with institutional capital
  • Structuring deals for acquisitions vs. developments
  • The advantages of being vertically integrated -
  • Casey's 6-month sabbatical and how to have your company be successful without you

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

Links:

Roundhouse: https://rndhouse.com/

Casey on Twitter: https://twitter.com/roundhouse208

Topics:

(00:02:18) Casey’s RE Career in Southern California

(00:11:40) The decision to pivot out of LA

(00:15:54) Learning to structure long-term horizon deals

(00:18:41) How do you avoid competing with institutional capital?

(00:22:04) How have you figured out how to raise enough capital without going to someone with deeper pockets?

(00:24:41) How do you structure deals when they are acquisitions vs. developments?

(00:31:08) How often are you refinancing in order to return capital?

(00:35:48) How do you think about Capex in multifamily over long hold periods?

(00:43:38) How are you differentiating your high-end products?

(00:47:00) What are the advantages of being vertically integrated?

(00:50:59) What does enterprise value mean to you?

(00:57:53) Are you at a point where the team can raise capital without you?

(01:02:28) What was the scenario that led to you buying out your partner?

(01:07:51) How do you ensure leadership values are being replicated across the business?

(01:11:29) What was the biggest insight you gained from your 6-month sabbatical

(01:19:44) Casey’s emphasis on design

(01:22:18) What is your favorite hotel?

  continue reading

72 episodes

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