Lessons from 57 Years in Real Estate with Luis Belmonte

Manage for the bad years, not just the good ones. After 57 years in commercial real estate, Luis Belmonte says the biggest lesson isn't how to maximize profits during a boom. It's how to build deals that can survive the next recession. In this conversation, Luis shares the unexpected way he entered real estate after returning from Vietnam, how he became one of the original founders of what is now the largest REIT on the New York Stock Exchange, and why decades of experience have taught him to think differently than most investors. He also explains why his company focuses on neighborhood retail properties, affordable housing developments, and smaller investments where the partners maintain greater control. Key Topics Starting a real estate career by accident Lessons learned through multiple market cycles Why every investment should be stress tested for a recession Building Walgreens developments and affordable housing projects Why Luis prefers smaller deals over institutional investments The importance of long term fixed rate financing Guest Information Luis Belmonte is a commercial real estate developer, investor, author, and one of the original founders of what became the largest REIT listed on the New York Stock Exchange. He is the founder of Seven Hills Properties and author of several books, including Real Estate 101 and Street Dog MBA. His books are available on Amazon in paperback, Kindle, and Audible formats. Call to Action Check out Luis Belmonte's books on Amazon to learn more from his decades of experience in commercial real estate. Listen on Apple Podcasts: https://podcasts.apple.com/ph/podcast/property-profits-real-estate-podcast/id1445202776