Manage episode 264184317 series 2514838
Economic tough times are here. Unemployment is at record levels, small businesses are folding left and right. Today we're talking about how real estate investors can weather the storm of tough economic times with an experienced real estate investor and property manager, Steve O'Brien from Arcan Capital.
- How to do deals during uncertain times
- How to manage your current real estate portfolio during a recession
- How experienced investors prepare for these downturns.
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Steve O'Brien is a co-founder and the Chief Investment Officer of Arcan Capital. Mr. O'Brien determines the investment strategy for the firm and oversees the financial performance and reporting for all investments. In addition, Mr. O'Brien spearheads the strategic direction and business development functions of the firm.
Mr. O'Brien has been responsible for the identification, acquisition, management and reporting of over 25 multifamily assets totaling nearly $250 million in the last seven years including the placement of nearly $150 million in financing with FMNA, FMAC, HUD, bank and insurance company sources. Prior to Arcan, Mr. O'Brien was with CBRE.
During his career in commercial real estate, Mr. O'Brien participated in the acquisition, financial structuring, underwriting, management and sale of several billion dollars-worth of assets in all major product types including multifamily, office, retail, industrial and residential.