JF 3882: Doubling NOI, Public-Private Partnerships, and Midwest Value-Add Ft. John Casmon & Kent Ritter

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 21 April 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of the Best Ever CRE Show, Joe Fairless interviews John Casmon of Casmon Capital and Kent Ritter of Hudson Investing to explore the current state of multifamily investing and development. John shares insights on exiting value-add multifamily assets in the Midwest, strategic refinancing, and how he doubled NOI on a key property by identifying hidden upside. Kent dives into public-private partnerships as the secret to making development deals pencil in today’s environment and highlights a mixed-use project in Westfield, Indiana, backed by city support and creative financing. They also discuss investor sentiment, capital raising challenges, and how to identify stalled listings that can be repositioned into winning deals. John Casmon Managing Partner Based in: Cincinnati, Ohio Say hi to them at https://www.linkedin.com/in/multifamily-apartments-john-casmon/ Kent Ritter CEO Based in: Carmel, Indiana Say hi to them at https://www.linkedin.com/in/kentritter/ 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

Click on a timestamp to play from that location

0:00.0	Are you an accredited investor seeking a premium opportunity in one of America's hottest real estate markets?
0:06.2	Then elevate your investment portfolio with Viking Capital's newest opportunity.
0:10.9	The Hamilton, a luxurious 232 unit multifamily community located in Hendersonville, Tennessee,
0:17.3	one of Nashville's most desirable and supply-constrained sub-markets. Why Hendersonville?
0:22.1	This vibrant community features top-rated schools and strong demographics, with exceptional
0:27.1	rank growth potential and minimal new supply on the horizon. Limited inventory, growing demand,
0:32.1	and a high occupancy track record create ideal conditions for strong cash flow and long-term
0:37.2	appreciation. In fact,
0:38.8	the Hamilton is already a cash-flowing property with 97% occupancy, and Viking Capital plans
0:44.7	to capture immediate upside by raising rents by over $300 while still remaining below market
0:50.1	comps. It's all part of Viking Capital's commitment to identifying low-risk opportunities
0:54.4	that preserve investor capital while maximizing long-term growth potential. To learn more about
0:59.7	Viking Capital and the Hamilton Investment Opportunity, which is available for you right now,
1:04.2	click the link in the show notes to get started today. Best Ever listeners, how you doing? We are
1:08.4	here live at the best ever conference, the ninth year of the conference. And I am here with John Casman, Casman Capital, and Kent Ritter, Hudson Investing. And looking forward to talking about the state of multifamily, specifically, not necessarily conceptually from a macro level, but from a micro level, what's going on with their portfolios?
1:28.7	Let's talk about some specific examples and what they're working on.
1:32.8	And so let's start with you, John.
1:37.1	What's your focus right now?
1:39.3	Yeah, thanks, Joe.
1:40.3	You know, the market is a little challenging for everybody, obviously.
1:43.0	And one of the things for us is just really stepping back and taking a look at where we
1:47.3	see things going not just in 2025, but beyond.
	...

Transcript will be available on the free plan in 24 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Best Ever CRE, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Best Ever CRE and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.