The LSCRE Podcast

In this video, Rob Beardsley and Craig McGrouther break down why Tiburon stands out as a multifamily investment opportunity.They discuss how limited nearby supply, a 70% break-even occupancy, less than 57% loan-to-cost, and a fixed 5.82% interest rate provide meaningful downside protection while supporting the upside potential of the value-add strategy.Learn more about LSCRE at www.lscre.com

Not all 1031 exchange strategies are created equal. The structure you choose matters more than most investors realize.In this video, I break down the key differences between a Delaware Statutory Trust (DST) and a Tenancy in Common (TIC), and explain why I believe a TIC offers investors greater flexibility and long-term control over their 1031 exchange.Learn more about LSCRE at www.lscre.com

The strongest companies don't just grow. They help their people grow with them.In this clip from our recent company-wide Town Hall, Rob Beardsley shares why LSCRE's growth is about more than acquiring new properties. He explains how building a stronger portfolio creates opportunities for the entire team and why growing together is at the core of the company's vision.Learn more about LSCRE at www.lscre.com

The best opportunities often come when the market feels the most uncomfortable.In this video, Rob Beardsley and Craig McGrouther discuss today's multifamily market, why transaction activity has slowed, and how volatility and uncertainty are shaping investment decisions. They also share why the buying opportunity is still here, why investors need the resolve to move forward when sentiment is negative, and what they're seeing across today's market.Learn more about LSCRE: https://www.lscre.com

We've wrapped up another incredible year at Preserve at Copperleaf, and I'm excited to share that the property continues to exceed our projections!In this video, I recap the progress we've made since acquiring the property in 2024, walk through our performance, and share why I'm optimistic we'll be able to increase distributions past our current 10% cash on cash in the future. Thank you to our investors for your continued trust and partnership. I'm grateful for your support, and I believe the best is still ahead!Learn more about LSCRE at www.lscre.com

The best buying opportunities don't come around often. When they do, it's important to understand what makes them different.In this video, Rob Beardsley and Craig McGrouther explain why Tiburon Apartments became one of the few multifamily acquisitions they felt was truly worth buying in today's market. They discuss the property's below-replacement-cost basis, attractive loan assumption, limited nearby supply, value-add potential, and the market fundamentals that made this opportunity stand out.Interested in learning more about the opportunity? Explore Tiburon here:https://my.lscre.com/portal/offerings/10313/

In this video, Rob Beardsley and Sam Morris walk through the Tiburon, highlight the untapped value-add potential, and discuss how strategic interior renovations and amenity improvements can help close the gap between current rents and renovated comparable properties in the market.Invest in Tiburon: https://my.lscre.com/portal/offerings/10313/

In this video, Craig McGrouther and Sam Morris explain why they believe now is a favorable time to invest in Texas multifamily instead of waiting on the sidelines.They discuss how population growth, job growth, limited new apartment supply, and improving rental fundamentals are creating opportunities for long-term multifamily investors.Learn more about LSCRE at www.lscre.com

In this video, Craig McGrouther and Sam Morris compare multifamily real estate to the S&P 500 and explain why they believe today's market presents a compelling opportunity for long-term investors.They also discuss why Warren Buffett is holding record levels of cash, what current market valuations could mean for investors, and why risk-adjusted returns matter when building a long-term investment strategy.Learn more about LSCRE at www.lscre.com

In this video, I walk through the acquisition process behind Tiburon, a 2007 vintage multifamily property in Northwest Houston, and explain what it takes to win highly competitive apartment deals.I discuss why institutional-quality multifamily assets attract the deepest buyer pools, how certainty of closing impacts acquisitions, and why competing against institutional capital can be a major advantage when it comes time to sell.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley and Sam Morris walk through Tiburon, LSCRE's latest multifamily acquisition, a 320-unit apartment community located in Northwest Houston.This walkthrough explores the property's value-add opportunities, the fundamentals driving demand in the submarket, and why Tiburon stood out as an attractive acquisition despite strong competition from other buyers.Learn more about LSCRE at www.lscre.com

In this video, Craig McGrouther and Sam Morris discuss the importance of underwriting, risk management, and investing in high-quality multifamily assets.They explain why LSCRE prioritizes strong locations, durable business plans, and long-term liquidity when evaluating investment opportunities.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley discusses the challenges S2 faced during the multifamily downturn and explains why time and money are the two essential ingredients for surviving difficult market cycles.He also shares lessons investors can learn about liquidity, capital calls, and navigating periods of market stress.Learn more about LSCRE at www.lscre.com

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther discuss why some multifamily investors were recently forced to sell at significant losses.They break down how floating-rate debt, leverage, liquidity constraints, and failed capital calls contributed to investor losses, while explaining why today's market may present opportunities for well-capitalized investors with a long-term perspective.Learn more about LSCRE at www.lscre.com

In this clip, Rob Beardsley and Craig McGrouther discuss why the best real estate deals are often the hardest to buy.They break down how competitive bidding, location, and liquidity can make quality assets more difficult to acquire, but easier to sell when market conditions become challenging.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley and Craig McGrouther break down how the market cycle has reset and why buyers are becoming far more selective in multifamily investing.They discuss why “hard to buy” assets are often “easy to sell,” how liquidity matters in changing market conditions, and why location, supply constraints, and newer vintage properties continue to attract the deepest buyer pools.They also cover leverage, cap rates, appreciation, the S&P 500 comparison, and how today’s multifamily environment has shifted from a “get rich” asset class to more of a “stay rich” strategy.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley and Craig McGrouther break down the timing behind one key decision that helped protect a deal from rising interest rates during closing.They share how LSCRE locked the index for Preserve at Copper Springs near the bottom of the market before rates climbed higher, while also explaining the risks that come with locking ahead of closing.The discussion also covers how the war in Iran and shifts in the macro environment can impact multifamily financing and overall deal performance.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley and Craig McGrouther discuss why some wealthy investors rotate from the S&P 500 into private real estate during different market cycles.They explain how a tax-advantaged real estate yield can outperform lower post-tax stock yields, and why strategies like depreciation, cost segregation, and 1031 exchanges can dramatically improve long-term returns.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley and Craig McGrouther explain why deals with lower projected returns can often lead to better long-term outcomes.They discuss the discipline required to pass on aggressive “high-return” opportunities during strong markets, how recency bias can distort investor decision-making, and why protecting downside risk often matters more than chasing upside.They also cover the importance of consistency across market cycles and why steady capital deployment over time can outperform attempts to time the market.Learn more about LSCRE at www.lscre.com

LSCRE is excited to share our first takeover update for Preserve at Copper Springs.In just one month of ownership, the team reduced over $60,000 in delinquency to $0.Early execution has been strong, but this is just the beginning.Watch the full takeover update to see what’s already changing at Preserve at Copper Springs.Learn more about LSCRE at www.lscre.com 

In this episode, Rob Beardsley and Craig McGrouther break down one of the biggest misconceptions in multifamily investing today: the belief that distressed real estate automatically means opportunity.They discuss why discounts from peak pricing can be misleading, how supply can overpower even the strongest demand story, and why investors need to look beyond flashy market data and marketing narratives.The conversation also covers the risks of investing in high-growth, high-supply markets, the importance of understanding real operational and market fundamentals, and why disciplined underwriting matters more than chasing distressed deals with aggressive upside projections.Learn more about LSCRE at www.lscre.com

In this clip of the LSCRE Podcast, Rob Beardsley and Craig McGrouther break down how delinquency can be actively managed in multifamily properties and why it plays a critical role in performance after takeover.They discuss what delinquency really represents in practice, how proactive collections efforts can materially shift outcomes, and why execution at the property level often determines how quickly a deal stabilizes.The conversation also expands into the broader topic of distress in real estate, including why it is often misunderstood and why a discount from peak value does not necessarily translate into a good investment.Learn more about LSCRE at www.lscre.com

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther break down how a $60,000 delinquency balance was taken to $0 in just 30 days after we took over a 376-unit multifamily property.They cover what drove the turnaround, from proactive collections to maintaining occupancy, and how scale impacts execution at larger properties.The conversation also highlights why “distress” doesn’t always mean a good deal, and why understanding real risk at takeover matters more than buying at a discount.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley, Craig McGrouther, and Sam Morris break down why we don’t really make money on our new leases, we make money on our renewals and what that really means for multifamily operations.Instead of focusing only on occupancy or trade-outs, they explain how renewal rate directly impacts cash flow through turnover costs, vacancy, and operational risk. For long-term holders, renewals aren’t just a metric, they’re a key driver of performance.Learn more about LSCRE at www.lscre.com

In this video, Rob Beardsley, Craig McGrouther, and Sam Morris unpack the real relationship between Houston and oil, and why it’s often misunderstood.People look back at a time when a sharp drop in oil dragged everything down with it, from real estate to jobs to the broader economy, showing just how dependent the city once was.Today, oil still plays a major role, and when it rises, it drives profits, spending, and activity across Houston. But the key difference is that the city is no longer as reliant on a single industry.With more diversification across sectors, Houston has become far more resilient, benefiting from upside while being much more protected on the downside.Learn more about LSCRE at www.lscre.com

Houston’s story is closely tied to oil and gas, but its economy today is much more diversified than it once was.In this episode of the LSCRE Podcast, Rob Beardsley, Craig McGrouther, and Sam Morris revisit the 1980s, when oil went from about $30 a barrel to about $8 a barrel. When that happened, it dragged down everything with it, with real estate on fire sale, widespread job losses, and banks failing, creating a long period of economic distress.Since then, Houston has become substantially more downside protected. Oil and gas is still a major part of the economy, but it is no longer as predominant as many people think, dropping to a much smaller share over time as other industries expanded.Today, when oil goes up, it boosts profits and activity in Houston, but the city is far more resilient than it was in the past due to its diversified economic base.Learn more about LSCRE at www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Patrick Grimes to unpack why he moved away from speculative investing after losing everything in 2009 and how that experience reshaped his entire approach to risk.Instead of “big flips and big gambles,” his focus is on being hyper-diversified and cross-collateralized, investing at just 10–30% of collateral value rather than the 60–80% commonly seen in real estate. The goal is simple: underwrite with a high degree of confidence and build downside protection into every deal.Learn more about LSCRE at www.lscre.com

We have successfully closed on Preserve at Copper Springs, a 376-unit apartment community in Houston, TX!If you’re a passive investor looking for stable, tax-efficient, cash-flowing opportunities: Reach out directly to Craig: [email protected] more: www.lscre.comIn this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther break down a counterintuitive truth most investors ignore.The deals with the highest projected returns are often the ones most likely to destroy capital. Using real data and insights from seasoned alternative investors, they explain why avoiding large losses -not chasing upside is what actually builds long-term wealth.Topics covered:• Why “high IRR” deals often carry hidden downside risk• The real reason conservative deals outperform over time• How one bad year can destroy your entire portfolio• Why disciplined capital deployment beats timing the market• The case for longer hold periods (5–10+ years)• Why avoiding losses matters more than maximizing gains• How yield + tax efficiency make real estate fundamentally different from stocks• The truth about S&P 500 vs multifamily returnsLearn more about LSCRE at www.lscre.com 

In this Q&A session, Rob Beardsley (Founder & CEO of LSCRE) answers some of the toughest questions investors are asking about the multifamily market right now.Topics include whether the U.S. economy is actually in a recession, where we are in the real estate cycle, the biggest risks facing multifamily today, and how sponsors protect investor capital in volatile interest-rate environments.Rob also shares lessons from a deal that was terminated due to rising rates, explains the underwriting assumptions that matter most in multifamily investing, and discusses why relationships and trust are the most valuable assets in commercial real estate.If you're an investor trying to understand the current market cycle, risk management, and how professional sponsors approach deals, this video provides valuable insight.Topics covered:Are we actually in a recession?Where we are in the real estate and interest rate cyclesThe biggest risk in today’s multifamily marketHow sponsors protect investor capitalRed flags that disqualify a dealThe most important numbers in underwritingWhy relationships compound the fastest in real estateHow new sponsors raise capital without a track recordIf you'd like to learn more about investing alongside LSCRE, connect with our team and join our investor community.

In this episode of the LSCRE Podcast, Craig McGrouther sit down with Paul Moore to unpack one of the most misunderstood ideas in investing: the difference between investing and speculating.After selling his company in his early 30s, Paul believed he had become a full-time investor. Instead, he learned the hard way that he had become a full-time speculator—a realization that eventually cost him millions during the lead-up to the financial crisis.In this conversation, Paul shares the painful lessons that followed, and how that experience reshaped his philosophy around risk, discipline, and capital preservation.The discussion explores why the most successful investors—from figures like Warren Buffett and Charlie Munger to seasoned real estate operators—often succeed not by chasing exciting opportunities, but by staying focused on one strategy for decades.Topics covered:• The critical difference between investing and speculating• Why confusing the two can destroy capital• The lessons Paul learned losing millions before the 2008 crisis• Why the best investors embrace “boring” strategies• The danger of shiny object syndrome in real estate investing• How disciplined operators evaluate deals and risk• Why long-term focus often beats chasing the next opportunity• How fund structures and preferred equity fit into today’s market• Why today’s real estate cycle may present a unique opportunityChapters00:00 Introduction to Paul Moore and His Journey05:50 The Birth of Wellings Capital11:49 Investment Philosophy: Avoiding Rescue Capital22:31 Navigating Unique Investment Opportunities27:41 Understanding Market Cycles and Investment Timing36:56 Embracing Technological Changes in Real EstateIn a market filled with noise, projections, and constant deal flow, the investors who consistently win are often the ones doing something surprisingly simple: protecting principal, staying disciplined, and resisting the urge to chase the next big thing.If you’re a passive investor, capital allocator, or real estate operator looking to sharpen your investment philosophy, this episode offers a candid look at the lessons that only experience and sometimes painful mistakes - can teach.

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther unpack what’s really happening in today’s multifamily market - and why chasing “home run” deals may be the fastest way to lose investor trust.After meeting with dozens of investors at the Best Ever Conference, a clear theme emerged: value-add fatigue, rising skepticism around aggressive projections, and a growing demand for certainty over hype.                                                                                                                                                                                                                      Chapters: 00:00 Intro02:25 Why Value-Add Isn’t Working Like It Used To09:08 LSCRE’s 2025–2026 Acquisition Strategy12:07 What Makes LSCRE Different15:19 Long-Term Strategy & 1031 Compounding19:33 Why Fund Managers Should Avoid Big Swings23:28 The Case for Longer Hold Periods25:37 Preserve at Copper Springs UpdateTopics covered:• Why high IRR multifamily deals come with hidden downside• The real risk behind “2X projections”• Is the value-add strategy breaking down?• How new supply and concessions are changing apartment investing• The return of cap rate spreads between Class A, B, and C assets• Why investing in A locations beats upgrading C properties• The filtering-up effect happening across multifamily• Why fund managers must prioritize capital preservation• Certainty of execution vs swinging for outsized returnsIn a market where rent growth has cooled and supply has surged, the operators who survive aren’t the ones chasing upside — they’re the ones protecting investor capital and positioning for long-term durability.If you’re a passive investor, capital raiser, or multifamily operator navigating the 2026 cycle, this conversation will reshape how you think about risk, projections, and strategy.

👉 Watch the full Preserve at Copper Springs webinar here: www.lscre.com/pcswebinarreplay (This is a 506(c) offering open to accredited investors only.) In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrothor walk through the acquisition of Preserve at Copper Springs, a 376-unit Class A multifamily property located in Houston’s highest-absorbing submarket.This walkthrough breaks down how LSCRE evaluates risk, cash flow, and long-term durability when acquiring large multifamily assets – without relying on aggressive assumptions or hype.Topics covered include:Why Houston’s Copperfield submarket is seeing strong absorption with no new supplyHow owning sister properties on the same street reduces operational riskThe benefits of 7-year fixed-rate, full-term interest-only debtWhy LSCRE prioritizes cash-flow coverage over maximum leverageOrganic rent growth vs forced value-add strategiesExpense reduction through in-house management and economies of scaleWhy this deal prioritizes monthly cash flow, safety, and predictabilityCost segregation, bonus depreciation, and tax efficiencyHow this investment is eligible for 1031 exchangesThis is a behind-the-scenes look at how experienced multifamily operators structure deals to protect capital while delivering consistent returns.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Director of Acquisitions Brad Oliver to break down what really happened at NMHC, how 2025 unfolded, and where multifamily opportunities are forming in 2026.They discuss:Why Houston is leading the recoveryWhy Dallas remains selectiveWhy markets like Austin, San Antonio, and Phoenix are still working through oversupplyWhy foreclosure and distress don’t automatically equal opportunityHow risk-adjusted returns matter more than deal volumeWhy LSCRE only closed two deals in 2025What types of deals lenders are finally forcing to marketAnd why Preserve at Copper Springs stands out as a rare, high-conviction acquisitionThis conversation pulls back the curtain on how institutional operators think about:✔ Market cycles✔ Supply & demand✔ Deal liquidity✔ Underwriting discipline✔ Downside protectionIf you’re a passive investor, 1031 exchanger, or multifamily operator, this episode explains why patience, discipline, and location selection matter more than ever heading into 2026.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther sit down with 1031 exchange expert and author Dasha Beardsley to break down how investors can properly use 1031 exchanges to defer capital gains taxes, preserve equity, and compound wealth through multifamily real estate.The team dives deep into:How 1031 exchanges actually work (and common misconceptions)Using 1031s to invest in multifamily syndicationsTenant-in-Common (TIC) structures vs traditional LP investmentsBundling multiple properties into a single 1031 exchangeReverse 1031 exchanges and rare 1033 exchangesHow LSCRE has successfully completed $150M+ in 1031 exchanges with a 100% success rateWhy long-term sponsors matter when compounding wealth through multiple cyclesThis episode is packed with real-world examples from recent LSCRE acquisitions, including Preserve at Copper Springs, and offers a clear roadmap for investors looking to transition from active ownership to passive multifamily investing.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Sam Morris to answer one simple but critical question:What’s in it for you as an investor?Whether you’re new to passive multifamily investing or have invested across multiple sponsors, this episode breaks down exactly how LSCRE operates, why capital preservation comes first, and what separates disciplined operators from the rest of the market.We cover:Why zero losses and zero capital calls matterHow monthly distributions are paid from true free cash flowWhat “vertically integrated” actually means (and why it protects investors)How LSCRE underwrites deals using loaded ICR, not pro forma hypeWhy Texas (Houston, Dallas, San Antonio, Phoenix) remains a top marketHow appreciation, depreciation, and cash flow work together1031 exchange options and long-term investor strategiesWhy repeat investors are the ultimate performance metricWith over $800M under management, 5,600+ units, 200+ employees, and 400+ repeat investors, LSCRE focuses on one thing only:delivering strong risk-adjusted returns while protecting investor capital through every cycle.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther and Rob Beardsley break down the real takeaways from NMHC and explain why many so-called “distressed multifamily deals” are actually uninvestable.With record supply in markets like Dallas, Austin, Phoenix, and San Antonio, realism is finally hitting the multifamily market. Lenders are taking back properties — but that doesn’t mean they’re good buys.We cover:Why lender-owned ≠ good dealHow “value-add” is often just disguised riskWhy AI underwriting misses the nuance that mattersThe 4 pillars of every multifamily deal: location, price, debt, managementWhy cash flow coverage matters more than leverageHow disciplined operators win cycles — and survive downturnsIf you’re a passive investor, fund manager, or multifamily operator, this episode cuts through the noise and explains what actually matters in today’s market.Smart capital isn’t chasing hype — it’s buying stability.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Joe Pistorius, Asset Manager at LSCRE, to break down how strong asset management and execution drive consistent returns in multifamily real estate.This conversation offers a behind-the-scenes look at Preserve at Copper Springs, a new Houston acquisition located between two of LSCRE’s best-performing assets. Joe explains how experienced onsite teams, operational synergies, retention strategies, and disciplined expense control create a clear path to execution.🎙️ Topics Covered in This Episode:Joe Pistorius’ role as an LSCRE asset managerManaging high-performing Houston multifamily assetsWhy clustering properties improves operational efficiencyLessons learned from Preserve at Copperleaf & Discovery at West RoadHow LSCRE achieves 95–97% occupancyWhy retention is more valuable than unit turn strategy todayRenewal rent increases of 5–6% in a flat rent environmentEarly-bird renewal incentives and tenant retention strategyAmenity fee rollout: bulk Wi-Fi, valet trash, gym & pool accessHow amenity fees increase NOI without harming occupancyWhat a smooth multifamily takeover actually looks likeKnocking on every door: resident-first transition strategyExpense reduction through in-house teams and scaleWhy this Houston submarket leads the city in absorptionLimited new supply and strong demographic fundamentalsWhy execution matters more than aggressive projectionsRisk mitigation through purchase price, location, and managementWhat makes a “safe” multifamily deal in today’s market🏢 Key Takeaway:Great multifamily deals aren’t made in spreadsheets — they’re won through execution, people, and operational discipline.Learn more about LSCRE:www.lscre.com

Why is the seller selling — and how do you actually make a multifamily deal work in today’s market?In this episode of the LSCRE Podcast, Craig McGrouther and Rob Beardsley answer real investor FAQs around LSCRE’s newest Houston acquisition, Preserve at Copper Springs, and break down the real mechanics behind underwriting, expenses, insurance, and exits.This is not theory — it’s how institutional multifamily deals actually get done.🎙️ Topics covered in this episode:Why Preserve at Copper Springs’ seller is selling (loan maturity explained)How to evaluate seller motivation without falling for “distress” hypeLoan assumptions vs refinancing (when they work — and when they don’t)Why remaining loan term, amortization, and leverage matterHow expense reductions actually happen (and when they don’t)Why LSCRE isn’t “cutting costs” — but realigning operationsPortfolio synergies from owning multiple assets on the same streetAncillary income opportunities for future buyersStabilized exits vs value-add “hot potato” dealsWhy newer, high-quality assets have more exit liquidityHouston rent growth drivers in the Copperfield submarketHow insurance markets are finally improvingWhy insurance savings don’t always hit cash flow immediatelyEscrow mechanics, lender friction, and “Kafkaesque” processes explainedWhy operational execution matters more than projections🏙️ Why Houston & Copperfield#1 Houston submarket for absorptionZero new supplyStrong employment driversProven performance from sister assetsLearn more about LSCRE:www.lscre.com

How do 1031 exchanges actually work — and how does LSCRE support investors and fund managers through the process?In this episode of the LSCRE Podcast, Craig McGrouther sits down with Dasha Beardsley, Director of Investor Relations at LSCRE, to break down 1031 exchanges, investor experience, capital partners, and how LSCRE has facilitated over $150M in 1031 value.This episode is a deep dive into how institutional-grade investor relations actually function behind the scenes.Topics covered:Dasha’s 4+ year evolution at LSCRE (from college to Director of IR)How LSCRE delivers white-glove investor experienceMonthly reporting, transparency, and communication standardsWhy response time and accessibility matter for investorsHow LSCRE works with fund managers and capital allocatorsThe onboarding process for capital partnersMarketing, compliance, and brand alignmentOverview of LSCRE’s investor events and summits💼 1031 EXCHANGES — IN DEPTHWhat a 1031 exchange is (and what it’s not)Why a Qualified Intermediary (QI) is criticalCommon mistakes that disqualify exchangesHow much time investors really need to planTIC vs DST structures (and why LSCRE uses TICs)Reverse 1031 exchanges explained1033 exchanges (eminent domain scenarios)How LSCRE structured four simultaneous 1031-related exchanges on one dealWhy Preserve at Copper Springs is 1031-eligibleWhen a 1031 makes sense — and when it doesn’tLSCRE 1031 TRACK RECORD~$150M total 1031 exchange value~$70–80M in 1031 equity placedMultiple repeat 1031 investorsInstitutional lender coordinationLearn more about LSCRE:www.lscre.com

What does smart multifamily investing actually look like in 2026?In this episode of the LSCRE Podcast, Craig McGrouther and Rob Beardsley break down their 2026 multifamily outlook, including acquisitions, operations, capital strategy, and why walking away from bad deals is often the best deal you can do.This episode covers how LSCRE is approaching growth after one of the most volatile real estate cycles in recent history.Topics discussed:LSCRE’s 2026 acquisition goals (~$200M, one deal per quarter)Why doing a bad deal is extremely expensive for sponsorsDeal discipline vs “doing deals to do deals”Texas market focus: Houston, Dallas, San AntonioWhy some markets (like Phoenix) are still early — and riskyOptimal debt & equity structures for the next cycleWhy LSCRE targets lower leverage (~65%)Mid-teens IRR expectations and 5–8% cash flow targetsWorkforce housing vs Class C riskOperational priorities: occupancy, renewals, staffingWhy renewal rates matter more than new leasesEmployee turnover targets and portfolio healthBringing RUBS billing in-house to save ~$300K annuallyK-1 delivery timelines and internal tax infrastructureCapital markets commentary: private credit vs common equityWhy 2026 may reward offensive positioning, not defensiveWe also discuss:Why Houston may outperform other Sunbelt marketsWhere forced sellers may emergeWhy stability matters more than forecastsAnd why LSCRE is focused on long-term ownership, not flipsLearn more about LSCRE:www.lscre.com

What happens to multifamily real estate when the market resets — and where is smart capital moving next?In this episode of the LSCRE Podcast, Craig McGrouther sits down with Ari Rastegar, Founder of Rastegar Capital, to break down real estate cycles, capital flows, and large-scale development across Texas.Ari shares his journey from law to institutional real estate, and offers a candid look at:How multifamily investing changes during a market resetWhy capital flows are shifting away from traditional officeThe role of institutional investors vs accredited investorsDevelopment timelines, zoning, and entitlements explainedWhy underwriting discipline matters more than everTexas population growth, housing shortages, and long-term demandMaster-planned communities, industrial projects, and 3D-printed housingHow smart operators create value through cycles — not just bull marketsThis conversation dives deep into multifamily development, investor alignment, and long-term wealth creation, with real examples from Austin, Dallas, and the I-35 corridor.Learn more about LSCRE:www.lscre.com

How should multifamily deals really be underwritten in 2026?In this live LSCRE podcast, we break down how we are underwriting multifamily real estate today and the critical mistakes investors and sponsors don’t realize until years 3–5.This episode covers real-world underwriting decisions we’re making right now, including:Why underwriting mistakes don’t show up in year oneCash flow vs IRR (and how cash flow can be manipulated)The hidden risk of in-the-money interest rate capsHow location repricing is changing acquisitionsTrue rents, fees, and concessions (what most people miss)Why most “value-add” deals don’t work in today’s marketLoaded ICR vs DSCR and how we evaluate debt riskWhat real multifamily distress actually looks likeHow LSCRE is positioning acquisitions for long-term cash flowWe also answer live investor questions and explain how these principles apply to a real multifamily acquisition we just closed.Learn more about LSCRE:www.lscre.com

Higher leverage makes deals look better on paper,  but often weakens cash flow and increases risk.In this episode of the LSCRE Podcast, Craig McGrouther and I break down why we structure deals with lower leverage for better cash flow and risk management.We discuss targeting lower loan-to-value, using full-term interest-only debt, and maintaining strong coverage from day one.We explain why LTV alone doesn’t tell the full story, how amortization can compress cash flow, and why flexibility matters more than headline IRRs.This episode is about structuring deals that can perform today and survive tomorrow.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Andrew Davis, Partner at Fully Funded, to discuss why integrity has become the most valuable advantage in real estate investing.Andrew shares insights from raising hundreds of millions in capital, building investor trust at scale, and partnering with best-in-class operators. He explains how discipline, clear incentives, and long-term thinking matter more than chasing the next “great deal” in today’s market.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther and I break down how market cycles influence smarter capital decisions.We explore why patience, long-term holds, and strategic underwriting leads to better outcomes than chasing hot deals. Learn how understanding cycles, managing closing costs, and avoiding short-term flips can reduce risk and compound returns over time.Whether you’re a new investor or seasoned in real estate, this episode offers actionable insights for making disciplined, profitable investment decisions.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Michael Guthrie, who grew his ATM business to over 8,000 machines across the United States before exiting in 2023. He explains how he scaled the business one machine at a time, expanded through affiliates, and created a model that allowed him to generate income while remaining hands-off.Michael shares how those same principles of calculated risk, smart partnerships, and cash flow management apply to real estate investing, illustrating the lessons top investors learn over time.Learn more about LSCRE:www.lscre.com

In this episode of the Live LSCRE Podcast, Craig McGrouther and I break down how to maximize value and reduce expenses in multifamily properties.We dive into contract services, maintenance strategies, and key line items in the P&L that can make or break your NOI. Learn how strategic expense management, property tax exemptions, and smart operational practices can drive strong, risk-adjusted returns.Whether you’re a new investor or seasoned in multifamily, this episode highlights practical takeaways for building more efficient, profitable real estate portfolios.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Mathew Owens from OCG Properties to explore how the smartest investors approach risk, opportunity, and cash flow.They discuss how alternative strategies like real estate-backed loans and unique financing structures create consistent returns, and why understanding the numbers is only part of the story. Mathew shares lessons from his investing journey, revealing how disciplined decision-making and long-term planning can protect capital and uncover opportunities others overlook.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther and I break down the most surprising finance trends shaping 2025, covering everything from capital flows to unexpected movements in the debt markets.We talk through why these trends are emerging now, how they are influencing investor behavior, and what they reveal about the next phase of the real estate cycle. The episode highlights the data points that matter most for evaluating both risk and opportunity in today’s environment.Learn more about LSCRE:www.lscre.com

In this episode of the LSCRE Podcast, Craig McGrouther sits down with Alex Zahn from Sunrise Capital Investors to unpack the alternative real estate strategies investors aren’t hearing about.They dive into unique opportunities in mobile home communities and parking structures, exploring how cash flow, long-term land value, and smart management create compelling returns. Alex shares insights on how this “cash-covered land play” works and why staying in a specialized lane can maximize both performance and investor confidence.Learn more about LSCRE:www.lscre.com