Multifamily's Icarus: Alan Stalcup On the Record

About this episode

Alan Stalcup discusses his rise and fall in the multifamily real estate market, detailing his experiences and the consequences of the market downturn.

"Property management companies made my spreadsheets lie." "We're gonna move the pref to a 17. Okay, okay, Tom. You're fucking me right now. You know that, right?" This week, we break protocol to bring you a no-holds-barred interview with the poster child of the Sunbelt syndicator boom/bust , Alan Stalcup of GVA Management . Fueled by OPM, ZIRP, and an insatiable appetite for deals, Stalcup rode to the very top of the multifamily mountaintop, amassing 30,000 units in an acquisition spree for the ages. When rates turned, however, his firm became one of the highest-profile casualties, setting off a wave of defaults, investor & lender lawsuits, and explosive allegations of fraud. In this unplugged conversation with The Promote, Stalcup talks through his rise – how a software salesman became one of the biggest landlords in the country through savvy fundraising, rapid acquisitions and fast exits – his butting heads with the likes of Fortress Investment Group and his lenders, and the aftermath of GVA's collapse. We talk through property management, syndicator raises and what happens when you become Patient Zero of a much broader reckoning. Sponsors: 1) This episode is supported by…

People in this episode

Guest: Alan Stalcup

Topics covered

• multifamily real estate
• syndication
• property management
• investment collapse
• financial lawsuits

Keywords

• multifamily
• syndicator
• real estate
• investment
• lawsuits
• fraud
• property management

Sponsors

LoanBoss, Bravo Capital

Mentioned in this episode

Organizations: GVA Management, Fortress Investment Group

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