Bruce Fraser on Distressed Multifamily and Macro Investing

About this episode

Brad chats with Bruce Fraser about his transition from hedge fund management to investing in distressed multifamily properties and the insights gained from his experiences.

In this episode, Brad chats with Bruce Fraser, a Forbes Real Estate Council Member and Managing Partner at Elkhorn Capital Partners. Bruce shares his unique journey from running a successful hedge fund for over a decade to becoming a multifamily investor. He explains how his background in macroeconomics led him to focus on hard assets, specifically distressed multifamily properties, as a hedge against inflation. Bruce also provides incredible insight into why his firm is a go-to buyer for brokers and lenders, and why trust and discipline are paramount to success in real estate. 🔑 Key Topics Covered: Why Bruce pivoted from managing a hedge fund to investing in real estate. Elkhorn Capital's focus on distressed multifamily turnarounds and why they don't invest in Dallas. The "first deal" that yielded a 50% return in just 14 months and the lessons learned from the buyer who overpaid. The challenges of managing a "worst deal" with drug dealers and the importance of having a proactive plan. How being vertically integrated and financially incentivizing staff leads to stunning results. The "home run" deal that was a Freddie Mac foreclosure and the "good problems" of a successful…

People in this episode

Host: Brad Weaver

Guest: Bruce Fraser

Topics covered

• distressed multifamily investing
• macro investing
• hedge fund management
• real estate
• inflation hedging
• trust and discipline in real estate

Keywords

• Elkhorn Capital Partners
• Freddie Mac foreclosure
• real estate brokers
• lenders
• vertical integration

Mentioned in this episode

Places: Dallas

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