JF 3870: Strategic Development, Market Shifts, and Build-to-Hold Philosophy Ft. Victor Menasce

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 9 April 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Victor Menasce, senior partner at Y Street Capital. Victor shares his transition from electrical engineering to full-time real estate development, focusing on why he pivoted from value-add deals to ground-up development across multifamily, industrial, and land projects. He dives into challenges with rising construction costs due to tariffs, converting historic buildings, and the complexities of repurposing office space into residential units. Victor also discusses the long-term strategy of build-and-hold investing, small-bay flex industrial demand, and insights on markets like Salt Lake City and New York. Victor Menasce Senior Partner Based in: Ottawa, Canada Say hi to them at ystreetcapital.com vikingcapllc.com Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you an accredited investor seeking a premium opportunity in one of Arizona's hottest real estate
0:05.0	markets? Then elevate your investment portfolio with Viking Capital's newest class A
0:10.2	development opportunity. Peoria Gateway. Peoria Gateway is a luxurious 200-unit apartment community
0:17.0	set to debut in 2026. It offers modern luxury living with resort-style amenities
0:22.9	in a rapidly growing city of Peoria, Arizona. Why Peoria? This vibrant community along
0:29.3	the growth corridor to Phoenix is experiencing a clear housing shortage, especially for newer
0:34.2	commendity-rich rentals. Limited supply, growing demand, and a rising population
0:39.8	create ideal conditions for strong absorption,
0:42.4	premium rents, and long-term appreciation.
0:45.8	Backed by a track record of $800 million in assets
0:49.0	and over 5,000 units, Viking Capital is your path
0:52.6	to golding wealth through real estate.
0:55.2	To learn more about Viking Capital and the Peoria Gateway and thus been an opportunity,
0:59.2	which is a deal before you right now, click in the show notes and get started today.
1:04.4	Hey, best ever listeners.
1:06.0	Welcome to the best ever CRE show.
1:09.2	This is Beyond Multifamily. I'm Amanda Cruz, joined with
1:13.7	Ash Patel. Hey, Ash, what's up? Hey, Amanda, and hello, best ever listeners.
1:19.9	Ash and I are with today's guest, Victor Menesh. Victor is joining us from Ottawa, Canada. He was on the
1:26.8	show way back in 2017, episode 1205, where he discussed raising money with
1:32.1	Joe Fairless.
1:33.5	Victor is a senior partner at Y Street Capital.
	...

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