JF 3875: Foreclosure Opportunities, Scaling with Culture, and Chicago CRE Lessons ft. Joe Root

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 14 April 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Joe Fairless interviews Joe Root, co-founder of East Superior Real Estate Partners. Joe shares insights into how his family’s 40-year legacy in Chicago real estate evolved into a vertically integrated firm managing and owning hundreds of multifamily units. He dives into the strategic advantage of analyzing receivership reports to uncover distressed property opportunities and recounts lessons learned from a 2006 acquisition that nearly collapsed during the financial crisis. Joe also discusses the firm’s pivot to lighter value-add deals, assumptions of favorable debt, and plans to scale into other Midwest markets by leveraging internal culture and KPIs through regional asset managers. Joseph Root Co-founder Based in: Chicago, IL Say hi to them at www.linkedin.com/in/rootjoseph/ www.esrepartners.com/ vikingcapllc.com Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com 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.
1:06.5	Well, best ever listeners, how are you doing? Welcome to the best ever multi-family syndication show.
1:11.9	I'm with Joe Root. How you doing, Joe? I'm great. Joe, how are you? I'm well. So a little
1:18.3	bit about Joe, and he is the co-founder of East Superior Real Estate Partners. It's a family business.
1:26.1	They've been around for 40 plus
1:29.4	years. They've been, they manage properties in Chicago and they also own properties in Chicago,
1:35.9	specifically multifamily properties. They own about 250 units in Chicago and the Chicago suburbs,
1:41.5	and they manage about 700 apartment units in that area.
1:48.7	So with that being said, you want to give the best ever listeners a little bit more about
	...

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