Manage episode 265858093 series 2514838
Ever wondered how to make a return in high end real estate markets? It's a tough one - prices are high, competition is high, and inventory is low. Well, today you'll learn how it's done and strategies one successful investor is using to earn a return on Seattle real estate investing!
Real estate syndicator Preston Walls joins us to share his top lessons and strategies for making a return in his high end market of Seattle, Washington.
Get in touch and talk real estate:
Other Similar Episodes:
In his executive career, Preston has held leadership positions at Walls Property Group (Founder/CEO, >7 years) and Walls Property Management (Founder/CEO > 7 years). He is currently managing a portfolio of 75 buildings, valued over $300 MM. Preston directed a ground-up, 42-unit Built Green Class A-Mixed Use project, including planning, permitting, tenant relocation, demolition, construction, leasing, and financing. He is currently building a 61 unit mid-rise multi-family project, in permit for a 59 unit site and renovating several existing value-add properties in Seattle.
Preston has managed syndication projects requiring additional equity capital, raising capital, negotiating terms and partnership agreements, partitioning risk, and managing equity and debt offerings to investors. He has also served as the project manager for dozens of building renovations.
Preston obtained a B.A. with a double major in Economics and English from Colgate University. He has served on boards and advisory councils, including Discovery Montessori and Lakeside School. Preston is also a contributing member of the Forbes Real Estate Council and Puget Sound Business Journal Leadership Trust.
In his free time, Preston can be found fishing, boating, wakesurfing, skiing, and spending time with his two children. Preston also enjoys volunteering with his favorite charity, The Goodtimes Project - whose vision is to create caring spaces for families who have been affected by childhood cancer.