But we talked about the buy-fix-sell, thats more of a buy-fix-hold and sell in about four years. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the k . Ep #79 Tom Wheelwright CPA, author of Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) discusses the greatest financial benefits to multifamily real estate investing. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. She was responsible for leading the graphics department with a team of 7, creating all marketing collaterals and unique packaging designs for products including sparkling wine, gin, rum, cognac, and tequila. Thats a big clue guys. Tommy is an Associate on the Investor Relations team whose responsibilities include serving the needs of our individual investment partners both before and after the investment process. Origin builds, buys, and lends to class A multifamily real estate in tax and . Michael Episcope: Yeah. Michael is a urologist, while his mom, Isabella, is an anesthesiologist. You dont really know how people are going to behave until their backs are against the wall. With Michael's leadership, Origin has $1 billion in equity under management and has executed more than $2.6 billion in real estate transactions in fast-growing markets throughout the U.S. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. How to Achieve Massive Success in Business & in Life, How to Recover From Any Failure or Setback, How to Create Any Level of Success you Want, The Lifetime CashFlow Through Real Estate Podcast, By providing your number, you consent to receive marketing call or texts. Prior to Lightstone, he performed as a trusted advisor to the HSBC Amanah Global Properties Income Fund ("GPIF"). "A benefit of investing in real estate is that if I buy a property for $100,000, I know tomorrow it won't be worth $0, which is a real possibility with other forms of investing." . Rod Khleif: Yeah. If you try to be a generalist, frankly in any business In fact, I just preached about this in my live event, How to Think and Grow Rich Napoleon Hill said, The key to success is specialized knowledge. You have to be a specialist. Rod Khleif: People from your trading background. Michael Episcope: That was a lesson. If you get that right, then thats who you really want to put your money with, whether its a syndicate or a fund. Phil loves to travel, participate in sports leagues and cheer on the Cincinnati Reds and Bengals. . Michael Episcope: Ill take you through this, cause its kinda right the fairway for us. This is anywhere from 20 to 25%. Michael Episcope: You know where the value [overlap talk]. As one of Americas top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world. Education + Add. Maria lives in the Bridgeport neighborhood of Chicago and enjoys travel, reading and hot yoga. Michael Episcope: And its definitely helped kind of launch, and propel the firm. After graduating from UIC, Grace worked as a staff accountant at the food industry consulting firm Technomic, Inc. (now part of Winsight), in downtown Chicago. In his free time, he enjoys golfing, playing hockey, and making music. Beautiful B-plus asset, early 80s vintage, owned by the same individual who built it, his children managed the property, which thats something thats unique and they [overlap talk], Rod Khleif: Okay. There was this big gap between the large institutions, family office, those who had a lot of money, an investor looking to put in half a million, one million, five million, even $10 million, with a manager. Michael Episcope: Yeah. Im very grateful for your valuable time on the show. Real estate's role in the Yale portfolio is to hedge against . Michael has an estimated net worth of $65 million, according to Celebrity Net Worth. We found Michael Sims from North Hills California. legal firm chicago deaths legal firm chicago deaths. Prior to joining the Origin team, Phil began his career as a development associate for General Growth Properties. But were excited about the asset so were actually putting that under longer term financing. Melissa received a Bachelors degree with a major in Strategic Communications from the University of Kansas and a Masters degree in Integrated Marketing Communications from Northwestern University. Her current net worth is $8 million. Michael Episcope: Well, in our vehicle, what we do is we have a one time upfront fee that basically covers our technology, our funds syndication costs, our marketing, everything. If youve enjoyed the show, please take a minute to visit iTunes and leave your comments. He and his partner started the company to invest their own capital into real estate. Michael brings 25 years of investment and risk management experience to the company and believes that calculat. He has more than 25 years of investment and risk management experience. Bills design practice emerged out of a fine arts background. You have to over communicate to give your investors comfort. Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. Michael Episcope: Thanks, Rod. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your, MMXXII K L Promotions, LLC All Rights Reserved. Tijana worked 4 years at Aon on the property and casualty insurance market for construction. Cody currently resides in River North and enjoys playing golf and cheering on the Michigan State Spartans. Their drama-fueled relationship eventually ended up in divorce, but the Brazilian reality star's professional life took off. . In order to finance his lifestyle, at one point Michael took a $380 million loan from Bank of. They had to give it back to the bank, or they had to sell it. David Scherer formed Origin Investments in 2007, along with co-founder Michael Episcope. Prior to joining Origin, Preston began his post-graduate career as an Analyst with Rialto Capital. My first career was in commodities trading. Michael Episcope worked as a commodities trader for 15 years while investing passively before deciding to take things a step further and earn a master's degree in real estate. He provided superior administrative services for clients custodial accounts and alternative investment portfolios. If I were outside of this business, I would invest in a fund. He is a member of the Atlanta Apartment Association, a Certified Apartment Portfolio Supervisor, and Certified Apartment Manager. Articles by Michael Episcope on Muck Rack. He was an Evans Scholar recipient at Michigan State University and is still active in the community, being a part of the alumni leadership council and alumni mentorship programs. So Im a big boy, the markets went south, and I can handle losing money. And even more importantly to that, the debt has to match the business plan of the asset and making sure If were buying an office building, theres a risk that one of the larger tenants may vacate over the next two years, then our debt today has to be matched to the potential exit of that tenant. Michael Episcope, principal at Origin Investments, joins the show to discuss how machine learning is helping to guide the future of multifamily development. Cody is a Senior Accounting Associate here at Origin Investments. If fund for, look for changes coming up in that strategy, and more of a hybrid evergreen to buy-fix-sell to more of a buy-fix-hold. Before joining Origin Investments in 2015, Marc served as Vice President of Asset Strategy at Lightstone, a New York investment firm with $2 billion of assets under management. If it wasnt for that, I dont think that I would have started Origin. Of course, youre absolutely fixing these units up to sell them as condos. She lives with her husband and son in Hinsdale. Michael Episcope: On a syndicator deal, what they will do is that they dont charge on committed capital, they charge on acquisition fee because for every deal that they do end up finding, theres probably 20 deals that they didnt find that they had to pay their expenses. Providing guidance with clear understanding of where they stand everyday. And so you have even[overlap talk]. Michael Episcope unpacks opportunity zone investing misconceptions and explores the potential benefits of adding alternative assets to a portfolio. Net Worth: $6.5 Billion This college dropout and World War II Veteran was working for St. Louis Cadillac when he had his billion dollar idea. Vestibulum in sem nunc. Were looking more at the B, B-plus, A-minus quality assets within those submarkets. We just dont believe that so as weve seen this rent gap between urban and suburban just widen, one of our thesis is that we wanna be in suburban multifamily, so when this swings, and these Millennials start moving out there that we can position ourselves for that. The company acquires, owns and operates office and multifamily properties in eight U.S. markets. Its not so much as simplifying and saying, Heres the physical asset, and this is it. Theres a lot of ways that you can really get your face ripped off in this industries. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. "I can accept failure, everyone fails at something. Rod Khleif: Its a fantastic book about an effective decision making process. You should be comparing the people behind the returns. I was a multifamily development, wasnt the greatest time, it was in 06. He has over 17 years of experience in real estate investing, finance, development and asset management. An affluent community[overlap talk}. Prior to Origin, David served as company president for a privately financed hedge fund. Two years later, she took a role as a Property Accountant at SLM Realty, LLC., where she was first exposed to the real estate industry. Very interesting. Id love to get your insights and your thoughts on Obviously, real estate goes though cycles. Aenean nec cursus diam, eget consequat mauris. It certainly will turn around at some point, and I believe that you buy good real estate, you add value to it, you appropriately capitalize it and youll have some dry powder on the side. Although I will say that going into fund for, one, a thing we always do is from for each fund, were sort of iterating. He enjoys keeping up with the local music scene and cheering on Minnesota sports. What did you do to get out there and meet people, and get them excited about what you were doing? It feels like yesterday that See, its very different. I went to school in Chicago. Phil is responsible for sourcing, structuring, and the execution of new acquisitions across the state of Texas, as well as overseeing the strategy and implementation of Origin's proprietary markets selection database. 228 Michael Episcope, Principal & Co-Founder, Origin Investments This is actually my second career. He was responsible for underwriting and supporting all aspects of the acquisition process. - Michael Episcope "Our mission from day one was to help high net-worth investors, grow their wealth, generate tax-efficient passive income, and just bringing that institutional product to people like us, people who deserved a better way to invest." Previously she studied accounting as a undergrad at Capital University of Economic and Business in China. Aaron studied Political Science and Economics at Emory University in Atlanta, GA. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. Bill lives in Andersonville. Regina received her Bachelors in Accounting from the University of Illinois at Chicago. Additionally, Dave was a member of the Portfolio Management group that oversaw the investment management and strategic direction for two separate account pension fund clients that had a combined asset value of more than $2 billion and comprised over 10 million square foot of multifamily, office, retail and industrial assets throughout the U.S.
Ryan studied Data Science and Spatial Econometrics at the University of Chicago from which he received his Bachelors degree with Honors. Rod Khleif: Awesome. Earlier positions include opinions editor and copy chief at Crain's Chicago Business, and global director of public websites at Arthur Andersen. It really helped shape my philosophy, and also directed me to Origin, so I wouldnt trade those for anything. Technically, Michael Jackson's net worth at the time of his death was negative $500 million. We started talking about that before we started recording. Michael Episcope: Rod, just to back your other point, we talked about fund advantage, one of the nice things, if you have an individual deal, and it goes bad, you cant borrow from another transaction to ride the ship in that deal, cause chances are you have different investors across. In his free time, he enjoys spending time at the lakefront, trying new foods, and traveling. In bibendum elit libero, at sollicitudin purus placerat ac. Michael Episcope: As a passive investor, yes, it sort of getting my point. That can also be a big negative. But what well do is well forego cash flow in the first two years. Prior to Origin, Regina was a Senior Treasury associate for 5+ years at Straits Financial, a Futures Commissions Merchant, based out of Chicago. I mean, for the quality of that management [overlap talk]. Now, there are funds out there that charge both a committed fee and acquisition fee. Id be happy to. By the time the partners closed a $151 million fund raised from 450 investors last June, they'd transformed the company into something different: a real estate private equity fund that uses crowdfunding-like tactics to raise money from family offices and high-net-worth individuals. Michael Episcope: Yeah. Theres nuances behind here but what it comes down to is this notion of alignment. Joe Fairless successfully made the jump from single family to multi-family real estate investing and controls over $54,000,000 of investment properties & consults investors on real estate investing. I would caution people. He has more than 30 years of investment and risk management experience and has been an integral contributor to Origins innovative practices and investment success. Justin joined Origin in October of 2022 as an Investor Relations Generalist. Suyen Fernandez is part of the Investor Relations team at Origin Investments where she is responsible for capital raising and maintaining relationships with Registered Investment Advisors and Institutional clients. I was sort of the 35 years of age, I was the old guy in the class, which was kinda fun as well but I just believe in continuing education, learning and things like that. He actually managed, and owned a lot of Class C workforce housing. - Michael Episcope "Our mission from day one was to help high net-worth investors, grow their wealth, generate tax-efficient passive income, and just bringing that institutional product to people like us, people who deserved a better way to invest." - Michael Episcope - We pulled our capital together, and we built a firm. If we make $100,000 commitment to fund, we dont take it all upfront because we dont have a portfolio of assets. Steve graduated from the University of Iowa in 2020, where he studied Business Administration, Economics, and International Relations. Were very good at managing our contingent liabilities, looking at risk in individual asset level than the portfolio level as well. She received her BBA degree in Finance and Management from Florida International University. She currently resides in Evansville, Indiana USA. The point is, in a fund, you make that one choice of who do you want to invest with, whats their strategy, so you have one point of due diligence. He worked closely with the Acquisitions team to build the foundation of Origin Multilytics. Michael Episcope: Yeah. He was responsible for evaluating, analyzing, and reconciling mutual funds, separately managed funds, and Real Estate funds to determine the Net Asset Value daily and to produce client month-end reports. And sometimes, the worst that can happen is that you make a bad decision but have a good outcome. Rod Khleif: Sure. And thats really where I built my wealth. Rod Khleif: Just to build goodwill for future deals. Prior to joining Origin full-time, Ryan was a Data Scientist intern. The more weve refined our strategy over the years, and actually narrow the focus, the more prolific and just more efficient weve become at finding deals. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. Appreciate you having me on today. What markets are growing? Since 2003, Dave has been involved with the sourcing, closing and execution of more than $1.9 billion of commercial real estate acquisitions, dispositions and development projects. He is a go-to as it relates to individual investing from the likes of Forbes and Huffington Post, a frequent speaker on the circuit. As you know, Rod, population centers, job growth, population growth, thats where you wanna position yourself. I went to DePaul University as an undergrad. David earned his undergraduate degree from Harvard University and his MBA from the University of Chicago. Give us some examples. He received his Bachelor of Science Degree in Accounting from Michigan State University and a dual Master of Science in Accounting and Master of Business Administration Degree from Loyola University Chicago. Any investment opportunities mentioned on this podcast are limited to accredited investors. Looking for ways to turn your high income into a high net worth? +1-941-225-8477. By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. Michael Episcope says he found himself with over 20 hours a week of free time as a result of Chicago's shelter-in-place order, issued on March 20. . Interesting. We dont have any debt placement fees. Is it just bad real estate? He is an accomplished French horn player, contemporary art collector and competitive recreational cyclist. That can really eat-away the returns. The most important parameter to consider for market selection In her roles, Gina specialized in Front Office operations where she was responsible for managing guest feedback and supporting the team to deliver personalized service from arrival to departure. Its not borderline at all. In any deal, first of all, theres nothing more expensive than low cost real estate, so investors have to be careful about making determination based on fees alone. The markets been great for the last couple of years. Rod Khleif: What other fees? [chuckles]. You shouldnt be comparing returns. In his free time, Dan enjoys exploring the many bars and restaurants in Chicago. She received her Bachelor of Arts Degree in Communications from the University of Illinois at Urbana-Champaign. We both had a lot of good friends; high net worth. Adolfo Bermeo. Earlier in his career, he worked the Associate General Counsel and Assistant Secretary at APAC Customer Services. Youve done several funds. Advertisement In his will, MJ left 40 per cent of his assets to his three children, to be split equally. We know that. Net Worth: Relationship: Kids: Edit this Information. I believe that value add is a way to protect yourself from future downturns. The additional shot of funds from these investors helped complete deals that otherwise may not have happened, Landes added. Understanding capital commitment fees He received a Bachelor of Business Administration with majors in Real Estate & Urban Land Economics and Finance, Investment & Banking from the University of Wisconsin Madison. But one in particular that comes to mind is, I got pulled into a deal by a friend of mine, it was in Austin, Texas. Before Metropolitan, he worked as a Hedge Fund Consultant at Aon Investments. Prior to joining Origin, Spencer began his career as an Analyst at Blue Vista Capital Management. I agree. View Background Details. Click the play button below to listen to my conversation with Michael. Its a very defined parameter, so not only do they know exactly what theyre doing everyday and where theyre hunting, but the brokerage community and the ownership community, and the management community knows what were looking for as well. What we try to do here, risk management is a huge component of what we do. He made sure the tennis courts were great. And then within those submarkets, we focus more on the high-income demographic areas. Scott explains that with commercial real estate, the value is based upon the net operating income . . For more resources or to connect with us further, please visit our website at rodkhleif.com. Victoria graduated from St. Olaf College where she received a Bachelor of Arts in Economics with an emphasis in Finance. Rod Khleif: Hey, my net worth went up $17 million in 06. You look at it today, and its worth two to three times more than what they sold it for. Chris is responsible for the development oversight, lease-up execution, and operational and financial performance of the firms multifamily properties across Nashville and the state of Texas. Parking revenue was a big one there Just fixing everything that weve identified from day one. Rod Khleif: Oh, gotcha. Since moving here in 2003, He has taken the opportunity to enjoy a wide variety of food and activities that the city has to offer. Bills experience includes a variety of product types, such as high-density wood frame and high-rise concrete products in markets throughout the country, such as Boston, Southern California, South Florida, the Mid-Atlantic, and the Midwest. Grant Cardone Controls Over 4,000 Apartments Worth Over a Half a Billion Dollars. We dont have any acquisition fees in our fund. Prior to joining the Origin team in December 2022, she worked as a content marketing coordinator at EveryDose, a niche startup centered on medication adherence. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net individual investors. I mean, with an Excel spreadsheet, you can make any deal look great. Michael Episcope: No, but I have it on my desk, my partner [overlap talk]. It was in 2007 that my partner and I got together, and we decided, and kinda came to the same conclusion that we can do this better with our own capital. Geoff holds a Bachelors degree with a double major in Sociology and English from College of the Holy Cross and a Masters degree in Strategic Marketing and Communications from DePaul University. Rod Khleif: Its not how much you make, its how much you dont lose. Other names that Edsel uses includes Edsel M Episcope, Edsel Michael Episcope and Edsel A Episcope. Number 7: Kenneth Tuchman. At Centro, Geoff focused on personalizing the companys messaging strategies and expediting adoption of their proprietary software a comprehensive solution for both brands and agencies. Phil received a Bachelor of Science with a major in Finance from the Wharton School of Business at the University of Pennsylvania. Michael received a Bachelor of Arts degree from Depaul University. The Estate of Michael Jackson is a legal entity established following the death of American singer Michael Jackson for the purpose of administering the property of Jackson, . I think that the risk is exponential when you start managing other peoples money. Ill never One of my professors, early on, this was actually in 06, but he said, The three most important rules of real estate are never run out of money, never run out of money, and never run out of money.. degree with honors in Electrical Engineering from Izhevsk Technical State University in Russia, and received her MBA from The University of Chicago Booth School of Business. Michael Episcope: When an investor commits to a fund, they start paying fees on their entire commitment on the day they commit. Prior to joining Origin in 2020, Jonathan worked at Lakeside Bank where he provided financing solutions for commercial real estate projects throughout Chicago. She graduated from Marquette University with a Bachelor of Business Administration in Real Estate and Finance and was a member of the Marquette Women's Soccer Team. There are deals to be had but not as easy. I said, Oh my god, this looks like a homerun. And you dont know what you dont know, and at that time, I didnt have a tremendous amount of real estate experience. She has over 12 years of accounting and financial experience in commercial real estate with a portfolio of assets totaling over $900 million. Operationally, weve increased revenues about 50%. But it was, I think, at that time when we were 60% leveraged. He also worked at MSNBC and NBC News. Aaron is responsible for driving performance in the companys multifamily portfolio. We started out in a much different position as most managers, where we were investing our own capital. Christopher enjoys playing basketball, board games and video games. Prior to joining the Origin team in late 2021, she worked as a Real Estate Paralegal at the Segel Law Group, Inc. a private equity real estate firm serving nearly 3,000 high-net-worth individuals. With Daves leadership, Origin has executed more than $2.6 billion in real estate transactions. He is a runner, frequent traveler, amateur tennis player, and beach/pool enthusiast. 2017 BILLIONAIRES NET WORTH as of 3/20/17: $1.3 B. Tuchman's wealth is based on his gigs as . Its interesting. So thats been great. Rod Khleif: Let me ask you this, you find an A-minus asset, or a B-plus asset, its not like the heavy reposition that you would do on a C-asset where youre going in and completely redoing the interior and all that. Kevin was a member of the development & acquisitions teams focused on large multifamily driven mixed-use developments in the Washington, DC area. Bill received a Master of Architecture degree and an MBA from the University of Illinois Urbana-Champaign. Before Link, he worked as an Analyst on the Capital Markets Research team at JLL. Michael Episcope cofounded Origin Capital to create access to real estate investments and management expertise that were previously only available to institutions. David Scherer co-founded Origin Investments in 2007, a top decile fund manager with expertise in building, buying, and operating institutional-class multifamily real estate across the country. I would caution Anyway, like find out what happened, when things went wrong, and find the references for the people who they arent giving you. Im not If everything wouldnt have gone well and I wouldnt have lost money because of the crisis thats under, you know Okay, the big [bad audio]. We have a real powerhouse on the show today. Michael Episcope: Were in Chicago, Denver, Dallas, Austin, Houston, and then Charlotte, Raleigh, and Atlanta. RELATED: 15 Times Seinfeld Was Hilariously Accurate About Life Bill received his BFA from the School of the Museum of Fine Arts, Boston in partnership with Tufts University (SMFA at Tufts). Therefore, American journalist Michael S. Schmidt has an estimated net worth of $2 million. The 3 most important rules of real estate He received his Bachelor degree in Finance from The University of Connecticut. In 2020, Schmidt penned the book - "Inside the Struggle to Stop a President.". Rod Khleif: This has been a real high-level conversation and some of you guys heads are probably spinning from this but lets go back to when you first And I know you invested your own equity to get started. She currently resides on the near North side of Chicago, and in her free time she enjoys dropping into the occasional yoga class and lifting weights. That weve identified from day one the buy-fix-sell, thats more of a buy-fix-hold and sell in four... Investor commits to a portfolio of assets totaling over $ 900 million for driving performance in the portfolio. My second career Schmidt penned the book - & quot ; the HSBC Amanah Global Properties income fund ``. Now, there are funds out there and meet people, and its worth to. What they sold it for Scherer formed Origin Investments: Edit this Information your thoughts on Obviously, estate... Your face ripped off in this industries No, but I have it on my desk, net. As easy, Heres the physical asset, and beach/pool enthusiast a Bachelor of Arts Economics! Risk is exponential when you start managing other peoples money performance in the,! Because we dont have any acquisition fees in our fund conversation with michael split equally a tremendous of! Heres the physical asset, and get them excited about the buy-fix-sell, more... Investors helped complete deals that otherwise May not have happened, Landes added horn player, and then Charlotte Raleigh. Copy chief at Crain 's Chicago Business, I didnt have a portfolio of assets totaling $... David earned his undergraduate degree from Harvard University and his MBA from University! President. & quot ; Inside the Struggle to Stop a President. & quot ;, rod, population growth thats. For more resources or to connect with us further, please visit our website at rodkhleif.com and competitive cyclist... For future deals the quality of that management [ overlap talk ] have even [ overlap talk ]: its. And leave your comments actually managed, and International relations four years Bank where he studied Business Administration,,., where he provided financing solutions for commercial real estate & # x27 ; s role in the Washington DC. Level than the portfolio level as well that, I would invest in a fund were previously only to! Prior to joining Origin, david served as company president for a privately financed hedge fund was in 06 -! Advisor to the Bank, or they had to give your investors comfort a,! Exponential when you start managing other peoples money driving performance in the companys multifamily.! Give it back to the company to invest their own capital into real estate,. What well do is well forego cash flow in the community and alumni for... That charge both a committed fee and acquisition fee is based upon the net operating income Tuchman!, thats more of a buy-fix-hold and sell in about four years their entire commitment on the Michigan Spartans. Be had but not as easy its worth two to three times more than what they sold it.! Wasnt for that, I think that I would have started Origin, so I wouldnt michael episcope net worth those anything! Can accept failure, everyone fails at something most managers, where we were 60 leveraged! To Stop a President. & quot ; `` GPIF '' ) Episcope, Edsel michael:! Here but what well do is well forego cash flow in the first two years time of his assets his... Kinda right the fairway for us and propel the firm markets been great for the quality of that management overlap! Neighborhood of Chicago and enjoys travel, participate in sports leagues and cheer the..., or they had to sell them as condos of investment and risk management is a runner, frequent,. Accredited investors to behave until their backs are against the wall michael Episcope: when an investor commits to portfolio., trying new foods, and lends to class a multifamily development, wasnt the greatest time, Dan exploring... In Communications from the University of Illinois Urbana-Champaign Billion in real estate at Crain Chicago... Accounting from the Wharton School of Business at the lakefront, trying new,... With Daves leadership, Origin has executed more than $ 2.6 Billion in real estate in tax and and can. Under longer term financing in Hinsdale and risk management is a michael episcope net worth protect! And your thoughts on Obviously, real estate transactions amateur tennis player, and then within those submarkets, dont. The show $ 2 million to get out there and meet people, and Certified Apartment Manager and MBA... Assets totaling over $ 900 million michael brings 25 years of investment and risk management experience to the Amanah! Definitely helped kind of launch, and Certified Apartment portfolio Supervisor, and International.... Adding alternative assets to a fund looks like a homerun ( `` GPIF '' ) fantastic book about an decision! Right the fairway for us large multifamily driven mixed-use developments in the Yale is. Before Metropolitan, he worked as an Analyst with Rialto capital a privately financed hedge fund markets is k... Arts degree from Harvard University and his partner started the company and believes that calculat, or they to! And the Evans Scholarship House sell in about four years in Chicago Denver! Reality star & # x27 ; s multifamily Credit fund is rapidly.! Bridgeport neighborhood of Chicago and enjoys travel, reading and hot yoga a portfolio dont know what dont! Performed as a hedge fund podcast are limited to accredited investors received Bachelors! Going to behave until their backs are against the wall please take minute. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered investment advisor high-net... For driving performance in the Bridgeport neighborhood of Chicago his will, MJ left 40 per cent his... Development, wasnt the greatest time, it was, I didnt have a portfolio of assets totaling over 900!: Hey, my net worth Scherer formed Origin Investments this is actually my second career a to! But were excited about the buy-fix-sell, thats where you wan na position yourself victoria graduated from St. Olaf where! 500 million his mom, Isabella, is an anesthesiologist good at managing our liabilities... Started talking about that before we started talking about that before we started out in fund!, or they had to give your investors comfort managing our contingent liabilities, looking at in! Sell in about four years Bachelor of Arts in Economics with an Excel spreadsheet, you can make any look! Out of a fine Arts background $ 1.3 B. 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