One Thirteen West

Tait Duryea is joined by Hunter Thompson and Tyler Lyons of Asym Capital to discuss One Thirteen West, a newly built Phoenix apartment property acquired at a substantial discount. They explain how poor management reduced the property’s income, why owning the neighboring complex provides a strategic advantage, and how better screening, rebranding, expense controls, and in-unit laundry could create value. Hunter Thompson and Tyler Lyons are the principals of Asym Capital, a Phoenix-focused real estate investment firm specializing in multifamily acquisitions. Their market expertise, local relationships, and disciplined underwriting help them identify operationally distressed properties with strong fundamentals. They discuss:(00:00) How the deal was found(04:01) Buying below its prior valuation (05:59) How NOI affects property value (07:43) Comparing the neighboring properties (09:43) Property management problems explained (11:56) Real estate is not passive (14:18) Understanding the multifamily correction (19:56) Fixed-rate financing reduces risk (24:36) Phoenix market recovery signals (29:34) The operational business plan Links & Resources:Turbine Capital Events Calendar: https://www.turbinecap.com/calendarOne Thirteen West Deal Room: https://www.turbinecap.com/one-thirteen-west Investor questions, KYC, subscription documents, or accreditation support: [email protected] Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If you have any questions, please feel free to email [email protected] more about Turbine Capital: Website: https://www.turbinecap.comFacebook: https://www.facebook.com/turbinecapInstagram: https://instagram.com/turbinecapitalThe information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.